----- Start of picture text -----
Building up thd| Body of Christ
0. h We k and the World
To. In the confHis Spirit
reac: aQrwigk arr e@ ¥VO;
Z \
----- End of picture text -----
The Warwick Team Ministry St Paul’s Church by the Racecourse - Friars Street Warwick CV34 6HA Charity N°:1127224 www.stpaulswarwick.co.uk
ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL
And Financial Report for the year ended 31st December 2020
Parish Office and Address for Correspondence: St. Paul’s Church, Friars Street, Warwick CV34 6HA Telephone (01926) 499533
Team Vicar:
Reverend Jonathan Hearn St. Paul’s Vicarage 33 Stratford Road Warwick CV34 6AS
Bank: independent Examiner: Lloyds TSB Jonathan Cousins 12 Swan Street Edwards,Pearson &White. Warwick CV34 4BJ 8 Jury Street Warwick CV34 4EW
Administrative Information
The Parochial Church Council of St Paul’s Warwick is a registered charity, registration number 7727224. Members of the PCC are also trustees of the charity. As a registered charity we are required to file an annual report and accounts with the Charity Commission as well as with the Secretary of the Diocesan Board of Finance under the Church Representation Rules.
From 18th October 2020 the following persons served as members of the PCC:
Team Vicar: Wardens: (appointed annually) Reverend Jonathan Hearn Mrs Hazel Phillips (& PCC Secretary)
2 Representatives on Deanery Synod (2020-2023)
Elected Members:
Mrs Sheila Pink (Treasurer) (2019 re-elected for 3 yrs) Mrs Audrey Akers (2018 re-elected for 3 yrs) Mr Richard Akers (2019 elected for 3 yrs) Mrs Pat Kibbler (2020 re-elected for 3 yrs Mrs Suzanne Wilkinson (2020 elected for 3 yrs) Mrs Ann Stevens (Until the APCM)
1
Structure, Governance and Administration
Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules, or co-opted (without voting rights) by the PCC for specific purposes. It has been agreed that members of the PCC could serve for three years before seeking re-election.
Objectives and Activities
The Parochial Church Council (PCC) of St. Paul’s has the responsibility of cooperating with the incumbent, the Reverend Jonathan Hearn, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has responsibility for the maintenance of the Church and grounds and legal and financial duties relating to the Church’s funds. The Charity Trustees have complied with the duty in section 4 of the Charity’s act 2006 to have due regard to the public benefit guidance published by the charity commission.
Electoral Roll
2019 was the year for a complete revision of the Electoral Roll. In 2020 the number on Roll at the Annual General Meeting was 29.
Review of the Year 2020
2020 was a very strange year. Owing to the pandemic, only five formal PCC meetings were held and of these only two were heid in church. The other three were held via Zoom, with the Leadership Team meeting regularly online too (once a fortnight during the initial lockdown), taking decisions as Standing Committee when necessary.
From March onwards, much of the year’s discussions inevitably centred on the Coronavirus guidelines circulated by the Church of England and how to manage the closure and then the re-opening of church as safely as possible. St Paul’s was initially closed from Mothering Sunday, 22" March to 6th September, and then for the duration of November, but there was still activity behind the scenes.
Jonathan was challenged to find different ways of continuing worship. Zoom quickly became a feature of our lives, with many services and meetings having to be held in this new way. Contact with the congregation was maintained throughout, with those without the internet receiving phone calls and paper copies of Jonathan’s emails to keep us all in touch.
The Make Lunch team were unable to offer hot meals during the school holidays as they had done in the past, but instead, as was reported to Leadership meetings on a regular basis, sourced, packed and delivered food parcels - Boxes of Hope - to families in need. The number of families increased as the year and the pandemic went on and so the numbers of volunteers increased accordingly. Audrey Akers was also able to apply for a range of funding to support the ongoing work of this project, which is planned to continue into 2021.
2
As she was so involved with the Boxes of Hope, in June Audrey decided to step down from the role of joint co-ordinator for the Early Intervention mentoring project. The mentors have unfortunately not been able to start their work with Newburgh pupils because of Covid19 but some completed refresher training towards the end of the year.
The closure of church fortunately did not prevent two building projects at last coming to fruition. A new boiler was successfully fitted at the end of September and in October permission was finally received from the Council for the resurfacing of the driveway, after four years of wrangling.
During the initial lockdown when church was closed, our employees continued to be paid and worked from home where possible. However, when the second lockdown was announced in November, it was agreed to furlough some of Kate and Jo’s working hours. Kate is now working five hours each week from home, coming into the office when necessary. Jo is now working three hours each week, either from home or church.
Our Parish Safeguarding Officer, Pat Kibbler, ensures that PCC complies with the duty, under section 5 of the Safeguarding and Clergy Discipline Measure 2016, to have due regard to the House of Bishops’ guidance on safeguarding children and vulnerable adults. During the course of the year, we were notified of an historic safeguarding claim which is an ongoing matter being handled by our insurers and a firm of solicitors. The diocese is currently undertaking a review of historic safeguarding cases and St Paul’s has co-operated fully with this. Pat also co-ordinates our regular safeguarding training, which all clergy, church officers and volunteers have to attend.
Many of the church’s usual activities have not been able to happen this year. Pat and Sally sent out much-appreciated activity packs for the children while Sunday Club was unable to meet; all social activities had to be cancelled from April onwards, but we were able to hold an enjoyable afternoon tea at Richard and Audrey’s house just before the first lockdown in March. The Prayer Ministry Team has continued to meet regularly on zoom. We were not able to hold the APCM until October, when Ann Stevens stood down from PCC after many years of dedicated service. This was celebrated with a gift of flowers.
During 2020, with all of its challenges and restrictions, St Paul’s PCC has continued to reach out to Warwick and the World but has concentrated understandably on the church community and those who live in CV34. Let us pray that we will be able to reach out in Christ to even more people in 2021.
Hazel Phillips PCC Secretary December 2020
3
Financial Report
We have a Finance Team which usually meets most months and continues to be supported by the treasurer of All Saints Church, Warwick. However, because of the pandemic this team has not been able to meet for most of the year and as not everyone is on Zoom, conversations have taken place by phone or been discussed at the Leadership Team and PCC.
Our income is made up from both Unrestricted and Restricted Funds. The total receipts on ordinary unrestricted funds were £27,404. This is down largely due to the fact that we have not been able to hire out the hall for nine months of the year. However, our levels of giving have not varied significantly because of the numbers who now give by standing order (24% of the Electoral Roll) and the faithfulness of those who still gave by envelope (44% of ER) and ensure they had been received. The Restricted Funds comprise the grant received from the King Henry VIII Endowed Trust of £40,105; the income generated from the E D Shepherd Endowment Fund of £7,596, the Flower Fund of £38. Also, during the course of the pandemic, we managed additional restricted funds for Together For Change for the provision of food parcels of £16,530.
Our total income for the year was £92,075.
St Paul’s is one of the five churches in Warwick and Budbrooke that is the recipient of annual payments from the King Henry VIII Endowed Trust, which was set up in 1545. The amount to be paid to the Church is set out in the Trust's Scheme, which is approved by the Charity Commission. All payments are restricted and can only be used for the prescribed purposes of furthering the “religious and charitable” work of the Church of England in the parish to which they are given.
This is a significant source of income and has enabled us to support community groups using the hall without charge (Obviously this year these hours have been significantly reduced as the groups have not been able to use the hall.) However, until the pandemic struck the older people’s “Activitea” group and the mothers and toddlers group run by the local Children’s Centre were still able to meet. We hope that these will resume once all the restrictions are lifted. We were still able to support our local schools and contribute towards the cost of the Myton Hospice Chaplain though this commitment has now ended following the retirement of the previous Chaplain and the Hospice reorganising this role. We have continued to employ a part time Church and Community Worker, but this role has been furloughed as have some of the hours of our Parish Administrator. The income from the Trust also covers our contribution to the training element of the diocesan parish share and support fund of £14,793.
In addition to the money given to St Paul’s the Trust makes payments direct to the Diocese to cover the cost of the stipend, pension and housing of the Team Vicar. in 2020 these payments amounted to £46,026.
The E D Shepherd Endowment Fund is in a unit trust for the sole purpose of generating income which is restricted for use on the church fabric.
4
Our total expenditure for the year was £123,297.
As a result, the year ended with a deficit on the year of £31,223. So adding bank, deposit and investments at the beginning of the year, the balances carried forward at 318t December are £140,814 in unrestricted funds and £323,339 in restricted funds (of which £257,315 is the capital investment in the E D Shepherd Endowment Fund which cannot be spent).
Despite the impact of COVID 2020 we were able to complete two major projects — the replacement of the. boiler at a cost of £23,272 and the renewing of the drive £12,490. There are some additional costs relating to the boiler as we seek to finish the project by boxing in the pipework. The PCC still continues to explore the replacement of the main doors. In addition, quinquennial works are due to begin in early 2021 at a quoted price of £57,866.
Reserves Policy
It is the policy of the PCC to maintain balances in restricted funds, which may be used within the parish, and unrestricted funds which equate to approximately nine months payments, to cover emergency situations that may arise from time to time.
It is also our policy to invest our funds with the CBF Church of England Deposit Fund and Investment Fund.
Approved by the Parochial Church Council on 18 March 2021.
And signed on its behalf by:
----- Start of picture text -----
DS. \ we
----- End of picture text -----
Revd Jonathan Hearn
Mrs Sheila Pink
(Team Vicar)
(Treasurer)
5
Parochial Church Council of St. Paul’s, Warwick Independent Examiner’s Report To the Parochial Church Council
This report on the accounts of the PCC for the year ended 31%* December 2020, which are set out on pages 7 -— 13.
Respective responsibilities of the trustees and examiner
The charity's trustees are responsible for the preparation of accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act’) and that an independent examination is needed:
It is my responsibility to:
-
examine the accounts under section 145 of the Charities Act 2011
-
e to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act 2011, and
-
e to state whether particular matters have come to my attention.
Basis of independent examiner’s statement
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a ‘true and fair view and the report is limited to those matters set out in the statement below.
independent Examiner's Statement
in connection with my examination, no matter has come to my attention
-
which gives me reasonable cause to believe that in, any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the Charities Act 2011; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act 2011, have not been met; or
-
to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
ae[aaa][ee]
Jonathan Cousins FCCA Edwards Pearson & White (Audit) Limited Chartered Certified Accountants
Date: 19" March 2021
8 Jury Street Warwick CV34 4EW .
6
PCC of St Paul’s, Warwick
Statement of Financial Activities for the year ended 31* December 2020 (Incorporating an income and expenditure account)
| Unrestricted | Restricted | Shepherd | 2020 | 2019 | ||
|---|---|---|---|---|---|---|
| Funds | Funds | Fund | ||||
| Notes | ||||||
| Income and Endowments from: | ||||||
| Donations and legacies | 2 | 22,517 | 57,038 | - | 79,555 | 54,738 |
| Investment Income | 2 | 1,292 | - | 7,596 | 8,888 | 9,288 |
| Charitable activities | 2 | 3,595 | 36 | - | 3,632 | 5,865 |
| Other Incoming resources | 3 | - | - | - | - | - |
| Total incoming Resources | 27,404 | 57,074 | 7,596 | 92,075 | 69,891 | |
| Expenditure on: | ||||||
| Charitable activities | 2 | 27,729 | 54,760 | 40,808 | 123,297 | 76,923 |
| Total Resourcesexpended | 27,729 | 54,760 | 40,808 | 123,297 | 76,923 | |
| Net Incoming/outgoing resources | (325) | 2,314 | (33,212) | (31,223) | (7,032) | |
| Unrealised gain/(loss) on investment | 2,037 | - | 16,076 | 18,115 | 42,830 | |
| Transfers between funds | - | - | - | - | - | |
| Net Movement in Funds | 1,712 | 2,314 | (17,134) | (13,108) | 35,798 | |
| Reconciliation ofFunds | ||||||
| Total Funds brought Forward | 139,102 | 67,199 | 270,962 | 477,263 | 441,465 | |
| Reallocation of unrestricted funds | ||||||
| Totalfundscarriedforward | 140,814 | 69,513 | 253,826 | 464,153 | 477,263 |
The statement of Financial Activities includes all gains and losses recognised in the year
7
:
----- Start of picture text -----
PCC of St Paul’s, Warwick
Statement of Financial Position
For the year ended 31° December 2020
Notes 2020 2019
£ £ £ £
Fixed Assets
Investments 5 289,918 271,803
Current Assets
Cash at bank and in hand 172,286 204,202
Other Debtors 6 2,745 2,080
Prepayments 6 304 1,278
175,335 207,560
Accruals 7 1,100 2,100
Total Assets less current liabilities 464,153 477,263
Net Assets 464,153 477,263
Funds
Unrestricted Funds 10 140,814 139,102
Restricted Funds 9 69,513 67,199
Shephard Investment 11 253,826 270,962
464,153 477,263
----- End of picture text -----
Approved by the Trustees:
----- Start of picture text -----
Trustee f
8 \ rye. i $ Pink
Date 18 March 2021
----- End of picture text -----
8
Parochial Church Council of St. Paul’s, Warwick Notes to the Financial Statements For the Year Ended 31* December 2020
General Information
-
The Parochial Church Council of St. Pauls Warwick is a public benefit entity and a registered charity in England and Wales with Charity Number 1127224, The principle place of activity is Friars Street, Warwick, CV34 GHA.
-
Statement of Compliance
The Financial Statements have been prepared in accordance with the Church Regulations 1997 as amended by the Church Accounting Regulations 2006 together with applicable Accounting Standards FRS 102 (Charities) (small) and Statement of Recommended Practice for Charities 2011.
Accounting Policies
Basis of Preparation
The Financial Statements have been prepared on the historical cost basis.
The Financial Statements are prepared in sterling, which is the functional currency of the entity and rounded to the nearest £.
Going Concern
There are no material uncertainties about the charity's ability to continue.
Judgements and Key Sources of Estimation Uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
No significant judgements have had to be made by the trustees when preparing these Financial Statements.
FUNDS
Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted
The accounts include all transactions, assets and llabilities for which the PCC is responsible in law. They do not include the accounts of Church groups that owe their main affiliation to another body nor those that are not formal gatherings of Church members.
Restricted Funds are funds donated for a specific purpose in advance and comprise:-
;
- a) Henry Vill Endowment Fund At their meeting on 8 December 1988, the PCC considered a report and recommendations from the Henry VII| Committee concerning the use of the money received from the principal Henry VII Trust Fund. All such money must be used for defined purposes in the parish, and this prevents donations to charities or to causes outside the parish. However, having taken legal advice, the PCC is satisfied that Henry VIII Funds can be properly used, inter alia, for all church expenditure relating to the running of the church, bullding needs and costs of ministry and worship. in 2014 the PCC took the decision to close the separate bank account as the new accounting package introduced in 2013 is able to manage all funds and can identify Henry Vill money to ensure that it is used according to the Trust deeds supporting the mission of the church.
b) The Shepherd Bequest The Shepherd Bequest generates income each year, which is used for the purpose of maintenance of the church. The capital investment remains to generate income and cannot be touched.
c) The Flower Fund Due to the reduction in income a decision was taken to cut down on the amount the church spent on flowers. As people like to give flowers in memory of loved ones this fund was set up so that they can be assured that the money they give will be there for that purpose.
d) The Joan Shandley Altar Fund
The altar was delivered and paid for in 2018. Subsequently the fund has been closed.
Incoming Resources
Voluntary Income
Collections are recognised when received by or on behalf of the PCC Planned giving receivable under Gift Aid is recognised only when received.
9
Income tax recoverable on Gift Aid is recognised at the point at which the Gift Aid donation is received Grants to the PCC are accounted for as soon as the PCC is notified of the legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
Legacies
Legacy income is accounted for when it is probable that it will be received.
Resources Expended Donations Donations are accounted for when received.
Activities directly relating to the work of the church
The Parish Share is payable to the Coventry Diocesan Board of Finance and is accounted for when due
Investments Investments are stated at market value.
Financial Instruments
The company only has basic financial instruments.
. Financial Assets Financial assets comprise items such as cash at bank and In hand and trade and other debtors. These are initially recorded at cost on the date they originate, the company considers the evidence of impalrment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit and loss.
e Financial Liabilities
Financlal liabilities comprise items such as corporation and other taxes, bank and other loans, accruals and trade and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable, the company considers the evidence of the impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit and loss.
Staff Costs and Payments to PCC Members and Connected Persons
The Church Accounting Regulations 1997 require that certain information regarding staff costs must be disclosed in the accounts, including the names and amounts of remuneration paid to any member of the PCC or to any “Connacted Person”.
A member of the PCC, Sheila Pink, is paid a monthly salary as Treasurer,
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Government grants are recognised using the accrual model and the performance model.
Under the accrual model, government grants relating ta revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income and not deducted from the carrying amount of the asset.
Under the performance model, where the grant does not Impose specified future performance-related conditions on the recipient, it is recognised in income when the grant proceeds are received or receivable. Where the grant does impose specified future performancerelated conditions on the recipient, it Is recognised in income only when the performance-related conditions have been met. Where grants received are prior to satisfying the revenue recognition criteria, they are recognised as a liability.
10
PCC of St Paul’s Warwick Notes to Accounts
For the Year Ended 31% December 2020
| 2. | Income and Endowments from | |||||||
|---|---|---|---|---|---|---|---|---|
| General | KingHenry | Flowers | Shepherd | Restricted | 2020 | 2019 | ||
| Fund | Fund | Funds | ||||||
| Donations and Legacies | ||||||||
| Planned Giving | 12,544 | - | - | - | - | 12,544 | 12,770 | |
| incomeTax recovered | 2,630 | - | - | - | - | 2,630 | 2,819 | |
| Loose Plate Income | 111 | - | - | - | - | 111 | 625 | |
| Charity Donations& | 820 | - | 2 | - | - | 822 | 608 | |
| Collections forflowers | ||||||||
| Harvest | - | - | - | - | - | - | 242 | |
| T.A.N.G.G. | 59 | - | - | - | - | 59 | 454 | |
| Sundry Donations | 5,953 | ~ | - | - | - | 5,953 | 3,463 | |
| King HenryVII Trust | - | 40,105 | - | - | - | 40,105 | 33,757 | |
| Transforming Communities | - | - | ~ | + | 16,530 | 16,530 | - | |
| Government Grants | 401 | 401 | - | - | - | 802 | - | |
| (Furlough) | ||||||||
| 22,517 | 40,506 | 2 | - | 16,530 | 79,556 | 54,738 | ||
| Charitable Activities | ||||||||
| Church Hall Rents | 1,243 | - | - | - | - | 1,243 | 3,673 | |
| Fees | 2,231 | - | - | - | - | 2,231 | 1,893 | |
| Parish Weekend/Open Church | - | - | 36 | - | - | 36 | 63 | |
| Seniors | 47 | - | - | - | - | 47 | 185 | |
| Memorial Services | 75 | - | - | - | ~ | 75 | 51 | |
| 3,595 | » | 36 | - | - | 3,632 | 5,865 | ||
| Investment Income | ||||||||
| Dividends | 1,292 | - | - | 7,596 | - | 8,888 | 9,288 | |
| 1,292 | - | - | 7,596 | - | 8,888 | 9,288 | ||
| Total Incoming Resources | 27,404 | 40,506 | 33 | 7,596 | 16,530 | 92,076 | 69,891 | |
| General | KingHenry | Flowers | Shepherd | Restricted | 2020 | 2019 | ||
| Fund | Fund | Funds | ||||||
| Expenditure on Charitable | ||||||||
| Activities | ||||||||
| Social& Mission | 13 | 140 | - | - | - | 153 | 457 | |
| PaymentstoCharities | 2,890 | 5,200 | - | - | - | 8,090 | 7,000 | |
| Gas, Electricity and Water | 2,246 | 2,246 | - | - | - | 4,492 | 6,364 | |
| insurance | 1,499 | 1,499 | - | - | - | 2,998 | 3,058 | |
| Church Maintenance | - | - | - | 40,809 | - | 40,809 | 4,327 | |
| Churchyard Costs Sundry |
300 8,100 |
- 1,535 |
- - |
- - |
- - |
300 9,635 |
600 6,707 |
|
| Transforming Communities | - | ~ | - | - | 16,529 | 16,529 | - | |
| Clergy Expenses | 655 | - | - | - | - | 655 | 1,163 | |
| Parish Share | 924 | 14,793 | - | - | - | 15,717 | 16,548 | |
| Training& Conference Fees | 877 | - | - | - | - | 877 | 1,215 | |
| Cleaner | 1,314 | 1,314 | - | - | - | 2,628 | 2,268 | |
| Flowers | 326 | - | (234) | - | - | 92 | 625 | |
| Seniors | 44 | - | - | - | - | 44 | 264 | |
| Myton Chaplain | - | 867 | - | - | - | 867 | 3,866 | |
| Office and Admin expenses | 3,661 | - | - | - | - | 3,661 | 9,525 | |
| Church Workers salary | 3,776 | 10,890 | - | - | - | 14,648 | 11,959 | |
| Independent Examiners Fee | 1,104 | - | - | - | - | 1,104 | 974 | |
| Total Expenditure | 27,729 | 38,465 | (234} | 40,809 | 16,529 | 123,297 | 76,923 | |
| Excess/(deficit) ofIncome - | (325) | 2,044 | 272 | (33,212) | 1 | (31,221) | (7,032) | |
| Expenditure |
il
PCC of St Paul’s Warwick Notes to Accounts For the Year Ended 31° December 2020
| General | King Henry | Flowers | Shepherd | Altar | 2020 | 2019 | |||
|---|---|---|---|---|---|---|---|---|---|
| Fund | Fund | ||||||||
| 3 | Other Incoming Resources | £ | £ | £ | £ | £ | £ | £ | |
| Other | QO | 0 | (e] | [0] | a | (9) | 0 | ||
| 0 | (8) | 0 | 0 | 0 | 0 | 0 | |||
| 4 | Independent Examiners | Unrestricted | Restricted | Endowment | 2020 | 2019 | |||
| Casts | Funds | Funds | Fund | ||||||
| Legal and Professional | 1,104 | - | - | 1,104 | 974 | ||||
| 1,104 | - | - | 1,104 | 974 | |||||
| 5 | Investments | 2026 | 2019 | ||||||
| MarketValue at 1Jan 2020 | 271,803 | 228,973 | |||||||
| NetGain/(Loss} on revaluation | 18,115 | 42,830 | |||||||
| 289,918 | 271,803 | ||||||||
| Market Value at31 Dec 2020 | 289,918 | 271,803 | |||||||
| Costs as at31Dec2020 | 155,116 | 155,116 | |||||||
| 6 | Debtors | 2020 | 2019 | ||||||
| £ | £ | ||||||||
| Other Debtors | 2,745 | 2,080 | |||||||
| Prepayments and accrued Income | 304 | 1,278 | |||||||
| 3,049 | 3,358 | ||||||||
| 7 | Creditors-Amounts fallingduewithin | withinone year | 2020 | 2019 | |||||
| £ | £ | ||||||||
| Accruals | 1,100 | 2,100 |
- 8 Staff and Related Parties Note
The average number of employees was 4 (2019: 4) for the year. The cost of their employment was £17,263 (2019: £7,004). ; There were no social security costs. No employee was paid more than £60,000 (2019: Nil). 2 employees were placed on furlough from November 2020. Sheila Pink, a member of the PCC, was paid £2,325 (2019: £2,250) for services as the treasurer.
12
----- Start of picture text -----
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|PCC|of|St|Paul’s|Warwick|
|Notes|to Accounts|
|For the Year Ended 31|December 2020|
|9|Movement|in|Restricted|At 1 January|Income|Expenditure|Transfers|At 31 December|
|Funds|2020|2020|
|£|£|£|£|£|
|King|Henry|Fund|67,471|40,105|38,064|-|69,512|
|Flower Fund|(272)|38|(234)|-|-|
|Restricted|Funds|-|16,530|16,529|-|1|
|67,199|56,673|54,359|-|69,513|
|10,|=|Movement in|At 1 January 2020|Income|Expenditure|Transfers|Unrealised|At31|
|Unrestricted|Funds|Gain/(Loss)|December 2020|
|£|£|£|£|£|£|
|General|Fund|139,102|43,533|43,857|-|2,037|140,815|
|139,102|= 43,553|43,857|-|2,037|140,815|
|11|Movementin|Shepherd|At|1 January 2019|Income|Expenditure|Transfers|Unrealised|At 31|
|Fund|Gain/(Loss)|December 2020|
|£|£|£|£|£|£|
|E|D Shepherd|270,962|7,596|40,808|-|16,076|253,826|
|270,962|7,596|40,808|:|16,076|253,826|
|12|Funds|General|Fund|=|KingHenry|FlowerFund|€ D Shepherd|Restricted|Total|
|Fund|Fund|Funds|
|Opening|Balance|1 Jan|139,102|67,471|(272)|270,962|-|477,263|
|2020|
|Net (outgoing)/incoming|(325)|2,041|272|(33,212)|1|(31,223)|
|resources|
|Investment|Galns/(losses)|2,037|-|-|16,076|-|18,113|
|Balance 31|Dec|2020|140,814|69,512|-|253,826|i|464,153|
|13|Analysis|of Net Assets|General|Fund|King Henry|Flower Fund|£ D Shepherd|Restricted|Total|Funds|
|Fund|Fund|Funds|2020|
|Investments|32,603|-|-|257,315|-|289,918|
|Current|Assets|109,066|69,512|-|(3,548)|1|175,033|
|Accruals|(1,100)|-|-|-|-|(1,100)|
|Payment|control|245|-|-|59|-|304|
|Net Assets|140,814|69,512|-|253,826|1|464,153|
|General|Fund|King Henry|Flower|Fund|E D Shepherd|Restricted|Total|Funds|
|Fund|Fund|Funds|2019|
|investments|30,566|-|-|241,237|-|271,803|
|Current Assets|109,636|68,471|(272)|29,725|-|207,560|
|Accruals|(1,100)|(1,000)|-|-|-|(2,100)|
|Net Assets|139,102|67,471|(272)|270,962|-|477,263|
----- End of picture text -----
-13-