Charity registration number". 1126337 All Saints Parish Church, Allesley Annual Report and Financial Statements for the Year Ended 31 December 2020 McGlone Wardzynski Limited Eagle House 14 Queens Road Coventry CV13EG All Saints Parish Church, Allesley Contents Reference and Adminislralive Details Trustees, Report 2to4 Statement of Trustees, Responsibilities Independent Examine¢s Report Statement of Financial Activities Balan￿ Sheet Notes to the Financial Statements 9t017 All Saints Parish Church, Allesley Reference and Administrative Details Trustees Mr Colin Holtum David Rzeznik Mrs J Wear (resigned 11 October 20201 Darren Gardener Fey Holtum Mrs Marie Hudson Mr N Blunt Iresigned 11 October 20201 Mrs J Evans (resigned 6 November 20201 Paul Payne Yelena Williams Michael Jones Christopher Hazell (appointed 11 October 20201 Mark Askew lappoinled 11 October 20201 Candice Harris lappoinled 11 October 20201 Elizabeth Holland lappointed 11 October 20201 Rozila Merali-Hosiene (appointed 6 November 20201 Charlty Reglstratlon Number 1126337 Bankers CCLA Investment Management Ltd 80 Cheapside London EC2V 6DZ Nal Wesl Bank PLC Broadgate Broadgate Coventry CV1 1ZZ Independent Examiner McGlone Wardzynski Limited Eagle House 14 Queens Road Coventry CV1 3EG Page 1 **All Saints Parish Church, Allesley** ## **Trustees' Report** The trustees present their report and accounts for the year ended 31 December 2020. The accounts have been prepared in accordance with the accounting policies set out in Note 1 to the accounts and comply with the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). ## **Objectives and Activities** The role of the PCC is to co-operate with the incumbent in promoting the whole mission of the church in the parish and beyond, in the context of pastoral, evangelistic, social and ecumenical work. The PCC is also responsible for the maintenance of the church buildings and its grounds. The trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the charity should undertake. ## **Significant activities** Despite the difficulties and restrictions encountered as a result of the Covid-19 pandemic, the PCC have pursued their Mission and Vision statements: “We are here to worship God, make disciples and transform our communities by demonstrating the life and love of Jesus. We aim to grow up into maturity, out into our communities, together towards unity and more in quantity.” Worshipping God - Regular public worship in a variety of styles, including a new focus on online pre-recorded and live-streamed services. - Music group and organist to cater for formal and informal services – due to Covid-19 restrictions the main focus was on individual and collaborative recording of songs and music for online worship. - Creative worship in small groups, art-based activities and Mainly Music, which continued online as far as possible. - Use of the churchyard to create spaces to encourage the wider public to encounter with God. ## Making Disciples - Preaching and teaching programmes for all ages. - Weekly small group meetings following a variety of learning programmes. - CORE, Confirmation and Lent courses – these were curtailed due to Covid-19 restrictions. - Children & Families worker running a variety of programmes for children and their parents. ## Transforming Communities - Parish Magazine & major Christian festivals – mostly online, but with limited 'in-person' services from the end of July onwards. - Carer, baby and toddler group; hiring out church hall for a wide range of community activities – all cancelled from March onwards due to Covid-19 restrictions. - Ongoing financial and practical help for 8 charitable causes, including asylum seekers at the Coventry Hill Hotel. Page 2 - Friendship Group in partnership with Age UK and Bereavement Care group – all cancelled from March onwards due to Covid-19 restrictions. - Support for individuals in the early stages of the pandemic by coordinating volunteers to go food shopping and collect prescriptions for those unable to get out. ## **Volunteers** The PCC is grateful to all volunteers who have offered support during the year. ## **Achievements and Performance** ## **Overview of 2020** 2020 was another busy year for All Saints church, starting the year in vacancy, with everything else appearing normal. The Parish Profile was updated to reflect the changes in outlook over the previous three years and the post of Rector was about to be advertised when Covid-19 restrictions first came into force. Our first response was to help set up and coordinate the 'Here to Help' volunteer scheme with others in the community, to ensure the elderly and vulnerable were kept safe and well. Worship services quickly moved online, following the usual 10am service format, but with individuals recording themselves rather than appearing 'live'. After some experimentation, YouTube was found to be the best platform to distribute the resulting video service. Prayer evenings continued weekly using Zoom, which most were able to access, and PCC meetings were also held over Zoom from April onwards. It was decided to press ahead with Rector recruitment, despite the uncertain outlook, which turned out to be a good decision, with a good selection of candidates applying for the post during May and our preferred candidate accepting the post after interview in June. Coming to the end of her Maternity Leave, Rev. Lizzy Holland joined us as Rector Designate at the start of October, before being formally instituted in December. Many activities were organised by our Children & Families Worker, making contact with many parents and children who wouldn't otherwise visit the church buildings. Our relationship with Allesley Primary School is on hold, due to Covid restrictions, including 'Open The Book' assemblies and whole school services and other events in church at Easter, Harvest and Advent. Attendance is very difficult to gauge now, but when 'in person' services were allowed, there were always 15-20 attending at either 8am or 6pm. Online services attract between 50 and 100 'screens' each Sunday when they premiere, with more 'catching up' at a later time. Some money from the legacy received a couple of years ago has continued to be spent on tree maintenance (churchyard northern boundary hedge and yew bushes), resurfaced paths from the car park down to the hall, Rectory gate and front porch, including disabled ramp access; new central heating boiler for the church hall, materials for the new porch floor and temporary live streaming equipment. The PCC has also used it to made gifts to a range of other good causes throughout the year. Looking forward to 2021, the PCC, our Children & Families Worker, Worship Enabler and our wonderful body of other volunteers will together ensure that there is still a full programme of worship services (3 per Sunday, plus festivals and Baptisms) and that most other activities and events will continue too. Our Church Administrator, who is also our Safeguarding Officer and Electoral Roll Officer, will ensure that Weddings and Funerals are covered, and all other essential administration is handled professionally. We intend this year to be a year of re-examining where we are as a church and who God is calling us to be, as inevitably our mission and vision will have been affected by Covid-19. This will be done, in part, through introducing a whole church survey to understand people’s experiences and dreams for the future, and through whole church meetings where we can explore and discuss more fully where God is leading us. Page 3 The focus for the year is to keep things “simple, gentle, connected”. Simple means that we are aware of the exhaustion and pressure the pandemic has brought and so we aim to keep our ministry simple for this year, and not put pressure on ourselves to begin new initiatives, but instead take time to pray and see where God is leading us. Gentle means that we are gentle with ourselves and one another, again not putting pressure on one another, and this spirit is key as we seek to learn new skills, such as livestreaming, and approach church life in new ways. Connected means that the focus for the year is finding ways to help people connect with one another and with God, especially when that is difficult to do in person. We continue to pray and seek God’s guidance for us as a community and are excited to see where we will be led. ## **Financial Review** ## **Reserves Policy** The level of unrestricted funds is maintained at a level to cover committed one-off expenditure, together with a reasonable level of headroom to cover unforeseen expenditure. All unrestricted income of the PCC is tithed. The purpose of the Martha Flint Fund is to use the annual donation from the Martha Flint Charity made for the purposes of religious education in the Parish. The purpose of the Development Fund is to ensure that the fabric and equipment of the church’s buildings are maintained and developed in such a way as to facilitate the mission of the church. ## **Structure, Governance and Management** ## **Governing document** The charity is Governed by the Parochial Church Councils (Powers) Measure 1956 (as amended) and The Church Representation Rules (contained in Section 3 to the Synodical Government Measure 1969 as amended). ## **Recruitment and appointment of new trustees** PCC members are either ex-officio, co-opted or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules. ## **Risk management** The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The annual report was approved by the trustees of the charity on 12[th] March 2021 and signed on its behalf by: ......................................... P Payne Trustee Page 4 All Saints Parish Church, Allesley Statement of Trustees, Responsibilities The trustees are responsible for preparing the trustees, report and the financial statements in accordance wth the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations. The law applicable lo charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the slate of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the Charities SORP", make judgements and eslimales that are reasonable and prudent., slate whether applicable accounting standards have been followed, subject to any material departures disclosed and explained In the financial stslements,. and prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business. The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them lo ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the conslitulion. The trustees are also responsible for safeguarding the assets of the charity and hen￿ for taking reasonable steps for the prevention and detection of fraud and other Irregularilie5. Approved by the trustees of the charity on 12 March 2021 and signed on ils behalf by.. Paul Payne Trustee Page 5 All Saints Parish Church, Allesley Independent Examinews Report to the trustees of All Saints Parish Church, Allesley I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 7 to 17. Respective responsibilities of trustees and examiner As the charity's Iruslees of All Saints Parish Church, Allesley you are responsible for the preparation of the accounts In accordance with the requirements of the Charities Act 2011 I'the Act'}. I report in respect of my examination of the All Saints Parish Church, Allesley's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515llbl of the Act. Independent examiner's statement I have completed my examination. I confimi that no material matters have come to my attention in connects'on with the examination giving me cause to believe that in any material respect.. 1. accounting records were not kept in respect of All Saints Parish Church, Allesley as required by section 130 of the Act., or 2. the accounts do not accord with those records,. or 3. the accounts do not comply with the accounting requirements Con￿rning the form and conlenl of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair view, which is not a matter considered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper understanding of the accounts lo be reached. James Rose FMAAT Eagle House 14 Queens Road Coventry CV13EG 13 March 2021 Page 6 All Saints Parish Church, Allesley Statement of Financial Activities for the Year Ended 31 December 2020 Unrestricted funds Restricted funds Total 2020 Total 2019 Note Incomg and Endowments from: Charitable activities Investment income Other income 136,356 1,050 4,400 136,356 1,050 4,400 135,348 2,287 11,689 Total income 141,806 141,806 149,324 Expenditure on: Charitable activities 173,418 173,418 179,296 Total expenditure Net movement in funds 173,418 173,418 179,296 131,6121 131,6121 129,9721 Reconciliation of funds Total funds brought forward 318,268 4,085 322,353 352,324 Total funds carried forward 13 286,656 4,085 290,741 322,352 All of the charity's activities derive from continuing operations during the above periods. The funds breakdown for 2019 is shown in note 13. Page 7 All Saints Parish Church, Allesley (Registration number: 1126337 Balance Sheet as at 31 December 2020 2020 2019 Note Current assets Debtors Cash at bank and in hand 2,712 289, 133 291,845 1,643 321,909 323,552 Croditors: Amounts falling dug within one year 12 1,104 1,200 Net assets 290,741 322,352 Funds ofthe charity: Restrlcted funds 4,085 4,085 Unrestricted income funds Unrestricted funds 286,656 318,267 Total funds 13 290,741 322,352 The financial statements on pages 7 to 17 were approved by the Iruslees, and aulhorised for issue on 12 March 2021 and signed on their behalf by.. Paul Payne Trustee Page 8 All Saints Parish Church, Allesley Notes to the Financial Statements for the Year Ended 31 December 2020 1 Aeeounting policies Statement of compliance The fi'nancial statements have been prepared in accordan￿ with Accounting and Reporting by Charities.. Statement of Recommended Practi￿ applicable to charities preparing their accounts in accordan￿ with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 leffeclive 1 January 20151- (Charities SORP IFRS 10211, the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 and the Charities Act 2011. Basis of preparation All Saints Parish Church, Allesley meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised al historical cost or transaction value unless otherwise slated in the relevant accounting policy notes. Exemption from preparing a cash flow statement The charity opted to eady adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in these financial statements. Going concern The trustees consider that there are no material uncertainties about the charity's ability lo continue as a going concern. Income and ondowments Investment income Dividends are recognised once the dividend has been declared and notification has been received of the dividend due. Expenditure All expenditure is recognised once there is a legal or eonslruclive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated lo the applicable expenditure heading that aggregate similar costs lo that category. Where costs cannot be directly attributed to Particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of lime spent, and depreciation charges allocated on the pO￿.on of the asset's use. Other support costs are allocated based on the spread of staff costs. Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of ils activities and services for ils beneficiaries. It includes both costs that can be allocated directly lo such activities and those costs of an indirect nature ne￿SSary to support them. Page 9 All Saints Parish Church, Allesley Notes to the Financial Statements for the Year Ended 31 December 2020 Support costs Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resour￿$, for example, allocating property costs by floor areas, or per capila, staff costs by the time spent and other costs by their usage. Governance costs These include the costs allributable lo the charity's Complian￿ with conslitulional and statutory requirements, including audit, strategic management and Irustees's meetings and reimbursed expenses. Taxation The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore il meets the definition of a charitable company for UK corporation lax purposes. Accordingly, the charity is potentially exempl from laxalion in respect of income or capital gains re￿iVed within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively lo charitable purposes. Trade debtors Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised initially al the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the charity will not be able to collect all amounts due according lo the original terms of the re￿1vableS. Cash and cash equivalents Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject lo an insignificant risk of change in value. Borrowings Inlerest-bearing borrowings are initially recorded al fair value, nel of transaction costs. Inlerest-bearing borrowings are subsequently carried al amortised cost, with the differen￿ be￿een the proceeds, nel of transaction costs, and the amount due on redemption being recognised as a charge to the Statement of Financial Activities over the period of the relevant borrowing. Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges. Borrowings are classified as current liabilities unless the charity has an unconditional right lo defer settlement of the liability for at least twelve months after the reporting date. Page 10 All Saints Parish Church, Allesley Notes to the Financial Statements for the Year Ended 31 December 2020 Fund structure Unreslricled income funds are general funds that are available for use al the Iruslees's discretion in furtherance of the objectives of the charity. Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which 15 restricted to that area or purpose. Flnanclal Instruments Classification Financial assets and financial liabilities are recognised when the charity becomes a paty lo the contractual provisions of the inslrumenl. Financial liabilities and equity instruments are classified according lo the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the charity after deducting all of its liabilities. Recognition and measurement All financial assets and liabilities are initially measured at transaction price (including tfftnsaclion costsl, except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement conslilutes a financing transaction. If an arrangement conslitules a financing transaction, the financial asset or financial liability is measured al the present value of the future payments discounted al a market rate of interest for a similar debt instrument. Financial assets and liabilities are only offset in the statement of financial position when, and only when there exists a legally enforceable right lo sel off the recognised amounts and the charity intends either lo settle on a nel basis, or to realise the asset and sellle the liability simultaneously. Financial assets are derecognised when and only when al the contractual rights to the cash flows from the financial asset expire or are sellled, bl the charity transfers lo another party subslanlially all of the risks and rewards of ownership of the financial asset, or cl the charity, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset lo another party. Financial liabilities are derecognised only when the obligation specified in the contract is discharged, cancelled or expires. Page 11 All Saints Parish Church, Allesley Notes to the Financial Statements for the Year Ended 31 December 2020 Debt instruments Debt instruments which meet the following conditions are subsequently measured at amortised cost using the effective interest method. lal The contractual return to the holder is lil a fixed amount," lill a positive fixed rate or a positive variable rate,. or liiil a combination of a positive or a negative fixed rate and a positive variable rate. Ibl The contract may provide for repayments of the principal or the return to the holder (but not both) to be linked to a single ￿levant observable index of general price inflation of the currency in which the debt instrument is denominated, provided such links are not leveraged. Icl The contract may provide for a detemiinable variation of the return to the holder during the life of the instrument, provided that lil the new rate satisfies condition lal and the variation is not contingent on future events other than 111 a change of a contractual variable rate", 121 to protect the holder against credit deterioration of the issuer, 131 changes in levies applied by a central bank or arising from changes in relevant taxation or law., or lill the new rate is a market rale of interest and satisfies condition lal. Idl There is no contractual provision that could, by its terms, result in the holder losing the principal amount or any interest attributable lo the current period or prior periods. lel Conlraclual provisions that permit the issuer to prepay a debt instrument or permit the holder lo put il back to the issuer before malurily are not conlingenl on fvjture events, other than lo protect the holder against the credit delerioralion of the issuer or a change in control of the issuer, or to protect the holder or issuer against changes in levies applied by a central bank or arising from changes in relevant laxalion or law. lfj Conlraclual provisions may permit the extension of the term of the debt instrument, provided that the return lo the holder and any other contractual provisions applicable during the extended term satisfy the conditions of paragraphs lal to Icl. Debt instruments that are classified as payable or receivable within one year on initial recognition and which meet the above conditions are measU￿d at the undiscounled amount of the cash or other eonsidemtion expected lo be paid or received, net of imp8irmenl. With the exception of some hedging inslrumenls, other debt instruments not meeting these ctsnditions are measured al fair value through profit or loss. Commitments to make and receive loans which meet the conditions mentioned above are measured al cost (which may be nil) less impairment. Investments Investments in non-convertible preference shares and non-puttable ordinary or preference shares (where shares are publicly traded or their fair value is reliably measurable) are measured al fair value through profil or loss. Where fair value cannot be measured reliably, investments are measured at cost less impairment. Investments in subsidiaries and associates are measured at cost less impairment. For investments in subsidiaries acquired for consideration including the issue of shares qualifying for merger relief, cost is measured by reference to the nominal value of the shares issued plus fair value of other consideration. Any premium is ignored. Page 12 All Saints Parish Church, Allesley Notes to the Financial Statements for the Year Ended 31 December 2020 DgfiTvative fiTnancial instrumgnts The charity uses derivative financial instruments to reduce exposure to foreign exchange risk an interest rate movements. The charity does not hold or Issue derivative financial instruments for speculative purposes. Derivatives are initl8lly recognised at fair value at the dale a derivative contract is entered into and are subsequently reMeasU￿d to their fair value at each reporting dale. The resulting gain or loss is recognised in statement of financial activities immediately unless the derivative is designated and effective as a hedging instrument, in which event the liming of the recognition in statement of financial activities depends on the nature of the hedge relationship. Fair value measurement The best eviden￿ of fair value is a quoted price for an identical asset in an active market. When quoted prices are unavailable, the price of a recent transaction for an identical asset provides evidence of fair value as long as there has not been a significant change in economic circumstances or a significant lapse of time since the transaction look place. If the market is not active and recent transactions of an identical asset on their own are not a good estimate of fair value, the fair value is estimated by using a valuation technique. 2 Income from charitable activities Unrestricted funds Restricted funds Total 2020 Total 2019 General Don8tions and gifts- ￿Strittted Donations and gifts Legacies and bequests Donated goods and services Gift Aid lax reclaimed 1,650 97,229 14,232 3,090 19,147 89,072 25,228 804 21,252 89,072 25,228 804 21,252 136,356 136,356 135,348 3 Investment income Unrestricted funds Restricted funds Total 2020 Total 2019 General Interest retsivable and similar income", Interest receivable on bank deposits 1,050 1,050 2,287 Page 13 All Saints Parish Church, Allesley Notes to the Financial Statements for the Year Ended 31 December 2020 4 Other income Unrestricted funds Restricted funds Total 2020 Total 2019 General Church hall lettings Wedding and funeral fees Magazines 1,370 1,320 1,710 4,400 1,370 1,320 1,710 4,400 3,264 6,025 2,400 11,689 5 Expenditure on charitable activities Unrestricted funds Restricted funds Total 2020 Total 2019 General Note Staff costs Advertising Other clergy costs Vergers bursary Diocesan parish share Church ulililies Church maintenance Event cost Parish magazine and bookstand Organist fees Youth and childrens work Computer software and maintenance costs Printing, postage and $18tionery Donations Grants to institutions Governance costs 23,042 1,109 1,189 1,221 72,765 9,128 37,668 1,154 23,042 1,109 1,189 1,221 72,765 9,128 37,668 1,154 22,977 4,848 1,200 70,246 10,218 33,537 1,930 2,049 1,930 2,049 2,895 2,777 3,868 3,868 7,021 525 525 2,569 4,000 10,097 1,11)4 173,418 2,569 4,000 10,097 1,104 173,418 4,202 16,644 1,600 179,296 Page 14 All Saints Parish Church, Allesley Notes to the Financial Statements for the Year Ended 31 December 2020 6 Anatysis of governance and support costs Governance costs Unrestricted funds Total 2020 Total 2019 General Independent examiner fees Examination of the financial ststements Allocated support costs 960 144 960 144 1,200 400 1,104 1,104 1,800 7 Trustees remuneration and expenses No trustees, nor any persons connected with them, have received any remuneration from the charity during the year except for Reverend M Baker who re￿iVed £684.00 for reimbursed expenses. 12019 £2,650 for reimbursed expenses) 8 Staff costs The aggregate payroll costs were as follows.. 2020 2019 Staff costs during the year wore: Wages and salaries 23,042 22,977 The monthly average number of persons lincluding senior management team) employed by the charity during the year expressed as full time equivalents was as follows.. 2020 No 2019 No Administration Families co-ordinator Contributions to the employee pension schemes for the year lotalled £34312019 - £3431. This figure is included in staff costs. No employee re￿iVed emoluments of more than £60,000 during the year. Page 15 All Saints Parish Church, Allesley Notes to the Financial Statements for the Year Ended 31 December 2020 9 Independent examinerfs remuneration 2020 2019 Examination of the financial statements 960 1,200 10 Taxation The charity is a registered charity and is therefore exempl from taxation. 11 Dgbtors 2020 2019 Gift Aid debtor Other debtors 1,190 1,522 1,343 300 2,712 1,643 12 Creditors: amounts falling due within one year 2020 2019 Other creditors 1,104 1,200 13 Funds Balance at 31 December 2020 Balance at 1 January 2020 Incoming resources Resou￿e$ expended Unrestricted funds General General Fund 318,268 141,807 1173,418} 286,657 Restricted funds Bell Restoration Fund 4,085 4,085 Total funds 322,353 141,807 173,418 290,742 Page 16 All Saints Parish Church, Allesley Notes to the Financial Statements for the Year Ended 31 December 2020 Balance at 31 December 2019 Balance at 1 January 2019 Incoming Resources resources expended Transfers Unrestricted funds General General Fund 330,418 147,674 1179,2951 19,470 318,267 Restricted funds Martha Flynl Fund Spring Harvest Fund Bell Restoration Fund 17,799 21 4,085 1,650 119,4491 {21} 4,085 Total restricted funds 21,905 1,650 19,470 4,085 Total funds 352,323 149,324 179,295 322,352 14 Analysis of net funds At31 December 2020 At 1 January 2020 Cash flow Cash at bank and in hand 321,909 132,7761 289, 133 Net debt 321,909 132,776} 289,133 Page 17