CHARITY REGISTRATION NUMBER: 1128003
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Annual Report and Financial Statements
31 December 2020
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Annual Report and Financial Statements
Year ended 31 December 2020
| Page | |
|---|---|
| Trustees' annual report | 1 |
| Independent examiner's report to the trustees | 9 |
| Statement of financial activities | 10 |
| Statement of financial position | 11 |
| Notes to the annual report and financial statements | 12 |
| The following pages do not form part of the annual report and financial statements | |
| Detailed statement of financial activities | 22 |
| Notes to the detailed statement of financial activities | 24 |
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Trustees' Annual Report
Year ended 31 December 2020
The trustees present their report and the unaudited Annual Report and Financial Statements of the charity for the year ended 31 December 2020.
ADMINISTRATIVE INFORMATION
Registered charity name The Parochial Church Council of The Ecclesiastical Parish of Wembdon Charity registration number 1128003 Principal office The Vicarage 12 Greenacre Wembdon Bridgwater Somerset TA6 7RD
THE TRUSTEES
Membership
The charity trustees are members of the PCC and are either ex officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules.
PCC members who have served since 1st January 2020 until the date this report was approved, are as follows:
Ex Officio members: Incumbent Revd Dr CDE Moll Chairman Curate Revd Simon Taylor Readers Dr Andrew Douglass Mrs Gillian McKechnie Churchwarden Mr Paul Hodge Vice-chair Deputy Churchwarden Mr Andrew Powell Representatives on the Deanery Synod: Mrs Katherine Cannell Mrs Chris Hurst Mrs Sue Dempsey from October 2020
Elected Members: Treasurer Mr Terry Ackroyd Secretary Mrs Sue Pow Mr Graham Pow Mrs Jackie Evans Assistant Treasurer Mrs Sally Ackroyd Mrs Coraley Dunn Mr Julian Cann Mr Russell Parsons Mr Todd Mallonee until April 2020
Independent examiner
Mr John Scott 30 Durleigh Road Bridgwater Somerset TA6 7HU
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The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Trustees' Annual Report (continued)
Year ended 31 December 2020
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity: number 1128003
The method of appointment of PCC members is set out in the Church Representation Rules. At St George's the membership of the PCC consists of the incumbent (our vicar), Churchwardens, Readers, Curate and members elected by those members of the congregation who are on the electoral roll of the church. All members of the congregation are encouraged to register on the Electoral Roll.
The full PCC met eleven times during the year. The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including how the funds of the PCC are to be spent. The work of the PCC is supported by that of several subgroups: Fabric, Finance, Safeguarding & Policy, the Parish Centre and Mission. These are all responsible to the PCC and report back to it regularly with minutes of their decisions being received by the full PCC and discussed as necessary. The Standing Committee met four times during the year and made two decisions by email.
PCC members are the Trustees of the charity, and their responsibilities are set out in the charity commission book ‘The Essential Trustee: what you need to know, what you need to do’.
Our Safeguarding Officer. Dr Anne Reed confirms that the Council has complied with the duty under section 5 of the 'Safeguarding and Clergy Discipline Measure 2016' (duty to have due regards to the House of Bishops' guidance on safeguarding children and vulnerable adults - section 9.2A).
OBJECTIVES AND ACTIVITIES
Public Benefit
St George's Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent, the Reverend Dr C D E Moll, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical, including the following activities conducted under the authority of the Church of England for the benefit of the public:
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regular public worship open to all
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provision of sacred space for personal prayer and contemplation
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pastoral work, including visiting the sick and bereaved
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teaching of Christianity through sermons, courses and small groups
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taking of Christian assemblies in schools
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the provision of activities for senior citizens and for parents and toddlers
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supporting other charities in the UK and overseas
The trustees (the PCC) confirm that they have referred to the guidance contained in the Charity Commission's General Guidance on Public Benefit when reviewing the Charity's Aims and Objectives and in planning future activities.
The PCC is also specifically responsible for the maintenance of the Parish Centre opposite St George's Church, in Church Road, Wembdon. When planning our activities for the year, we have considered the need for good governance, and have sought to deploy the resources of the church to best fulfil the aims. We understand that to facilitate this work it is important that we maintain the fabric of the Church building and the Parish Centre.
Aims and Objectives
Making Jesus Known - our Vision
St George's Wembdon is a church with Jesus at the centre. We believe that knowing Jesus changes everything for the believer and that is why making Jesus known is our greatest priority. That is why our ministry is based on prayer and the teaching of the Bible; why we are a church for every generation and why we hold our present way of doing things highly - all for the joy of making Jesus known.
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The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Trustees' Annual Report (continued)
Year ended 31 December 2020
OBJECTIVES AND ACTIVITIES (continued)
The Fundamentals:
Making disciples through the prayerful ministry of the Word: We intentionally build ministry on the conviction that God works through His Word, by His Spirit, in response to prayer.
Be a church for every generation including the next:
We are committed to all generations being part of the same church, and to reaching and raising the next generation of both leaders and members.
A Changing Church to reach a Changing Community:
We recognise that in order to reach our fast-changing local area we need to be ready to change, a charge that we joyfully accept for the sake of the unchanging gospel.
In order to fulfil this vision, we believe that we need to give attention to the following areas:
1. Discipleship and teaching: Maintain applied biblical teaching that connects with our daily lives.
We want our teaching to remain biblical and relevant. We want to be able to make better connections between our applications and our day to day lives. We will give our attention to prayer and the ministry of the word - Acts 6:4
2. Children and youth:
Be effective in making disciples of 0-18s.
We want everyone from 0-18 to become a disciple of Jesus Christ by hearing the good news and being helped to respond with faith in Jesus Christ. The promise is for you and your children and for all who are far off - for all whom the Lord our God will call - Acts 2:39
3. Prayer:
We want prayer to be a visible and natural part of our church life.
Prayer is visible when we can see we are praying together; it is natural when both planned and spontaneous prayer are part of the way we respond to events, to scripture, and to seasons. …in every situation, by prayer and petition, with thanksgiving, present your request to God - Philippians 4:6
4. Evangelism:
Develop a vision for evangelism through planting.
A vision for planting replaces the 'come to us' approach of evangelism with one that sees to take God's love to people. It is much broader than planting churches, but it will lead us to explore options. For the Son of Man came to seek and to save the lost - Luke 19:10
5. Mission:
Raising the profile or partnership in mission.
We want to keep raising the profile of cross-cultural mission so that everyone in church can feel connected to our mission partners. Therefore go and make disciples of all nations - Matthew 28:19
6. Leadership and Partnerships:
Assuring gospel ministry for the future.
We want our leaders, including new leaders, to be seen as a blessing and not a threat. We want our leadership to prepare the church for tomorrow whatever that brings. …if your gift is …to lead, do it diligently - Romans 12:8
7. Community:
Creating opportunities to serve the local area.
We want to understand and serve our community better, as an expression of God's love. Love your neighbour as yourself - Luke 10:27.
8. Communication and administration:
Support disciple-making ministry.
This vital behind-the-scenes area of ministry ensures that those involved in all of the above main goals can maximise their passion and use of gifts. Each of you should use whatever gift you have received to serve others, as faithful stewards of God's grace in its various forms - 1 Peter 4:10
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The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Trustees' Annual Report (continued)
Year ended 31 December 2020
ACHIEVEMENTS AND PERFORMANCE
1. Discipleship and Teaching:
The PCC has continued to support the Ministry Leadership Team which oversees the teaching and pastoral ministry of the church under the leadership of the vicar. We see this as the major means of equipping members for fruitful discipleship. Following the first lockdown in March, the Church ran its first 10.30am livestreamed service from various homes on 5th April. This was only possible because of the enormous contribution of skills and gifts brought together by a team of volunteers aiding Ed and the Leadership Team. This livestreamed service has continued every Sunday since, moving into church later in the year. Gareth and Coraley Dunn have provided us with weekly recorded music for our services. We are grateful to them for the time, effort, and expertise this has taken, and also for arranging and organising the two ‘Big Sings’ involving large numbers of the congregation. At times, a limited, socially distanced congregation has been allowed to attend services but this has been regulated by government restrictions. For a short time in the summer, when virus rates were low, a Said Service was run from church on Sunday afternoons.
The Sunday services have been followed by ‘Coffee in Zoom’ groups which has enabled the church family to keep in regular touch with each other. Ed has also organised ‘Coffee in Zoom’ group for visitors as a chance to get to know the many additional people we have had attending our morning services on line.
Our homegroups have continued to meet during the year - in person before lockdown, but most via Zoom after that, some weekly and some less frequently but all with the aim of keeping in touch and supporting each other and studying God's Word. Our aim is to increase the number of homegroups and members attending with the help of a Discipleship Development Officer to be appointed in early 2021.
Before lockdown we ran a Ladies' Breakfast in January, a Men's Breakfast in February, and there was a Church Bring and Share lunch later in February. Also, before lockdown, Koinonia, our Singles Group, met for fellowship and a meal on a couple of occasions. A wonderful lunch was also prepared and served for them in January by our Pathfinders which was really enjoyed. The Women's Bristol Conference took place in March with several Church members attending. The Men's Conference took place via Zoom later on in the year. There were 2 lockdown quizzes which ran in May and June plus the Tearfund Big Quiz in November. Encounters with Jesus was a chance to spend more time digging into God's Word on three consecutive evenings. In this Zoom meeting, Simon Evans taught and led us as we delved more into the Bible.
Several seminars ran during the Lockdown: Race, Racism and the Church in July. Faith, Grief, Covid19 - a Conversation: ran on 4 Sunday evening sessions.
What has Covid 19 taught us about the environment and how should Christians respond? This ran in September. A Seminar on Modern Slavery ran in November.
The Generosity Project was run as a pilot course in June before being rolled out to the whole church in the Autumn. A Growing Leaders Course was launched in November and December. The Church put on a wonderful Lockdown Christmas Programme which was full and varied including Advent Windows, Advent@Home, Carols to You, Christmas Bake-Along, a Scratch Nativity Service, A Reflective Service called Light in the Darkness, a prerecorded Late Christmas Eve Service, and a Livestreamed Christmas Day Service which included our second very successful Big Sing which this time featured ‘O Come All Ye Faithful’. On New Year's Eve an extravaganza was organised on Zoom for the Church Family including a whodunnit and a quiz followed by some reflections by Ed leading up to midnight. The Electoral Roll stood at 171 in October 2020. The Worshipping Community is 145 adults and 25 children. The average in-person Sunday weekly attendance, counted during October, was a total of 42 adults and 5 children, with the remainder of the congregation following the service online. Reliable Sunday attendance data for the whole year are not available because of the lockdown.
2. Children and Youth:
2020 has certainly not been a quiet year for the under 18s of St George's. They might not have been able to meet face-to-face very often but have been busy on Zoom and it's amazing how creative our leaders have been in making each session fun whilst "Making Jesus Known". Lockdown/Zoom/social distancing are all new words to us for but something that our youngsters have embraced and taken to be the new norm! We have been overwhelmed at the way our youngsters have engaged in each session as they have met over the past year.
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The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Trustees' Annual Report (continued)
Year ended 31 December 2020
ACHIEVEMENTS AND PERFORMANCE (continued)
SCRAMBLERS, EXPLORERS & PATHFINDERS
Pathfinders (our 11+) were hot off the starting block when lockdown occurred and immediately Zoom groups were set up so that they could meet and see one another. The group studied the book of John and enjoyed a CY course during the summer Lockdown. Scramblers and Explorers (5-11s) too were missing one another so we set up FLASH (Friday Live at Sonseekers' Homes) when the children looked at some of the parables of Jesus through fun and games. Each week our under 11s also received a video introduction to their lesson from one of their leaders along with material to teach from John's Gospel on 'God's Promised King'. When we returned to the Parish Centre in the autumn term, we met new challenges of teaching whilst ensuring social distancing and keeping within our group 'Bubbles'; we even managed a socially distanced Christmas Party! We looked at 'We Need Jesus' and 'Joseph' during this period and now we're onto 'Meals with Jesus'. Our programme is varied, fun and ever changing but our ultimate aim is to 'Make Jesus Known'. Thank you to all our leaders who come up with some very imaginative and innovative ways of teaching and playing games whilst keeping social distance!
Other things that the youngsters have been up to this year …..
HBC REUNION: 21 children joined in the online fun at the end of July in our Holiday Bible Club Reunion. We spent time with Agents X and Y on a mission to discover more about Noah. The children enjoyed playing games, including a scavenger hunt and action game; we sang; made a wonderful ark; and heard the story of Noah with the children joining in an interactive story using the puppets they had made in the craft. This year our memory verse was: "If anyone is in Christ, they are a new creation; the old has gone, the new has come." 2 Cor 5 v17.
FAMILIES TOGETHER: "Families Together" meets once a month via Zoom and families enjoy learning a story from the Bible altogether through games, stories and interaction.
AUTHENTIC: Once a month our older girls meet with their leaders for an evening of girlie chats and Bible teaching and have looked at 'true to yourself, true to God and true to others'…. and they eat a lot of chocolate!
What else ….. Well between Lockdowns our Pathfinders helped in the Coffee Shop, serving and chatting to the regular visitors. Some great relationships developed with prayerful support of our youngsters from some coffee shop regulars. Pathfinders also sent cards in the first lockdown, then designed and sent Christmas cards which they distributed to church members living on their own. Pathfinders have also linked up with other youth groups in Bristol and the South West to take part in an online youth event. This included a quiz, interviews with young people about their faith and a talk from the Bible. Our families took part in a 'Christmas Bake Off' organised by Faith-in-Kids and had a lot of fun whilst learning that Jesus is 'God within us'.
3. Prayer:
Ed hosted a Francophone Prayer Time to pray for mission to Francophone areas of the world in January. During the first lockdown the Church was encouraged to pray together at 7.00pm and for much of the year Daily Bible Reading Reflections were emailed around. A Day of Prayer was organised in October and we have held monthly prayer evenings throughout the year online which have been well attended.
4. Evangelism:
Starting in January we ran a new short 4-week course called 'Jesus and You' for anyone wanting to find out more about knowing God through Jesus Christ led by Simon and Jackie Evans at their home before lockdown. This was followed by a Christianity Explored Course starting in May online.
5. Mission:
Although 2020 has thrown up many difficulties, there have also been opportunities. Our Mission Prayer News has been presented, at first weekly and then fortnightly at our church prayer meetings and this news has also been shared in prayer emails sent out to all on Church Suite. In a financial climate where funds have been short for many charities, we have continued support for our mission partners; Reach Across; SWEEPS; Open Doors and Tearfund, as well as praying for many areas of the world where Langham Preaching has encountered problems caused by the pandemic. We have met our target of 10% of our church's giving to PCC being allocated for Mission. The Mission Subgroup has met via Zoom and telephone to advise and make decisions about our partners and links. We have two new mission links - Kevin and Jen Cable, training to go to Jaffa, Israel, to re-
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The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Trustees' Annual Report (continued)
Year ended 31 December 2020
ACHIEVEMENTS AND PERFORMANCE (continued)
open a redundant church and minister to the people of the port and Cameron and Alex Jones establishing a mission in Dublin, Eire. There is on-going support for other links, and we have been praying for and supporting the much-needed work of local links - Grace Advocacy, Green Door Families, the Foodbank and Newtown Kings.
We welcomed a Tearfund speaker to the Livestream Mission Service in September and joined in with the Tearfund Big Quiz on Zoom in November. Despite the many world-wide and personal difficulties encountered during the year, our church mission representatives have continued their important work. Many thanks to all. Chris Hurst
6. Leadership and Partnerships:
St George's Church is extremely fortunate to have a large team of volunteers assisting in many various ways. The Church is very grateful for the time, commitment and passion brought to these roles. The Ministry Leadership Team (MLT) shares with Ed the work of pastoral oversight and brings new gifts to the task. The PCC continues to meet and to be responsible for all other decisions as before. While the whole MLT shares the pastoral responsibility, each member also takes the lead in a particular area. Simon Taylor continues to work with us as part-time Curate and was ordained Presbyter in September. St George's continues to be represented on the Deanery Synod, and Katherine Cannell remains Lay Dean of Sedgemoor Deanery.
7. Community:
The Parish Centre has seen a very different year in 2020. Following on from a good start to the first quarter we then found ourselves in lockdown and silence. All groups were then cancelled for the foreseeable future. After lockdown one, some of our groups returned enabling a little business to trickle in; the centre was also used as a mini larder supplying various people with additional food items as and when required. The food for these projects was provided by Fare Share and Bridgwater Food Bank, allowing us to be an additional hub during tough times. We were able to provide the school with food boxes during the summer holidays, so topping up some of the families on a limited income with food items and bits for the children. We continue to do the boxes every half term and intend to carry on throughout 2021.
We have also been running a digital café throughout the year with a brief interlude of opening up the Coffee Shop in August and September. So, behind the scenes the Parish Centre has been there to serve the community even though there have been different challenges and obstacles to overcome. Liz Birch
8. Communication and Administration:
Our Church Database System, Church Suite, continues to offer administrative support in many ways to the running of a growing church. The majority of church members are signed up to the system which has been vital in allowing for regular good communication during this difficult year. We have benefitted from the support our church Ministry Co-ordinator, Emma McFaul, has brought to this post and her expert use of the system with the support of Liz Birch.
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The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Trustees' Annual Report (continued)
Year ended 31 December 2020
FINANCIAL REVIEW
Total income for the year (including donations, legacies, other income and grants towards the Parish Centre business development programme) amounted to £162,220 (2019 - £162,029).
Covid-19 impact
Income for 2020 was impacted by the Covid-19 pandemic. Service offertories, fees and Parish Centre hire and activity income were all affected.
Donations (Giving)
Total receipts of regular donations (giving) on ordinary unrestricted funds (excl. gift aid) were £81,292 in 2020, down from £85,356 in 2019. This represents a decrease of 4.8%. Thank you to many members who transferred their giving from service offertories to standing orders over the year when services were not taking place in church. The importance of this regular planned giving is shown in the table and details given below.
Grants Received
Restricted income grants by outside bodies to the Parish Centre Business Development programme amounted to £15,667. Grants received to support ministry - £2,360. Government grant income in the form of the Coronavirus Job Retention Scheme amounted to £11,516.
Detail on Unrestricted Giving
Regular, planned giving by standing orders and envelopes is critical to our mission at St. Georges, making up the core of our unrestricted giving. These regular donations from our members make up more than 88% or our unrestricted income from giving.
The most important aspect of this planned regular giving is by standing order to the General Fund or through organisations such as the Charities Aid Foundation. This provides us with confidence that we can plan ahead to meet our commitments. We currently have 81 regular donors representing 121 members (average 1.5 members per donor) giving by this method.
Total funds raised through standing orders/CAF excluding envelopes were £73,864. This represents an average standing order donation of £76 per month or £912 for the year. Thank you to our members giving in this way. See chart below.
| Av. per | ||||
|---|---|---|---|---|
| Donors | Total | Av. per Year | Month | |
| £ | £ | £ | £ | |
| 2014 | 49 | 32,910 | 672 | 56 |
| 2015 | 60 | 42,666 | 711 | 59 |
| 2016 | 54 | 49,468 | 916 | 76 |
| 2017 | 51 | 51,862 | 1,017 | 85 |
| 2018 | 60 | 57,871 | 965 | 80 |
| 2019 | 60 | 64,275 | 1,071 | 89 |
| 2020 | 81 | 73,864 | 912 | 76 |
The importance of Gift Aid Declarations
We have emphasised at recent Annual Meetings the importance of ‘gift-aiding’ our giving. Members will note that £19,555 of our income during the year was recovered from the HMRC to help fund the work of St. Georges and beyond. Thank you for making the effort to sign up for gift-aiding.
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The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Statement of Financial Activities
Year ended 31 December 2020
| 2020 | 2020 | 2019 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | ||||
| funds | funds | funds | Total funds | Total funds | ||
| Note | £ |
£ | £ | £ | £ | |
| Income and endowments | ||||||
| Donations and legacies | 4 | 114,278 |
33,614 | – | 147,892 | 131,053 |
| Charitable activities | 5 | 13,020 |
– | – | 13,020 | 28,694 |
| Other trading activities | 6 | – |
– | – | – | 100 |
| Investment income | 7 | 11 |
34 | – | 45 | 37 |
| Other income | 8 | 1,248 |
15 | – | 1,263 | 2,145 |
| ----------------------------- | ------------------------- | ------------ | ----------------------------- | ----------------------------- | ||
| Total income | 128,557 | 33,663 | – | 162,220 | 162,029 | |
| ============================= | ========================= | ============ | ============================= | ============================= | ||
| Expenditure | ||||||
| Expenditure on charitable | ||||||
| activities | 9 | 146,356 |
24,885 | – | 171,241 | 168,307 |
| ----------------------------- | ------------------------- | ------------ | ----------------------------- | ----------------------------- | ||
| Total expenditure | 146,356 | 24,885 | – | 171,241 | 168,307 | |
| ============================= | ========================= | ============ | ============================= | ============================= | ||
| ----------------------------- | ------------------------- | ------------ | ----------------------------- | ----------------------------- | ||
| Net expenditure | (17,799) | 8,778 | – | (9,021) | (6,278) | |
| ============================= | ========================= | ============ | ============================= | ============================= | ||
| Other recognised gains | and | losses | ||||
| Investment valuation | ||||||
| gains/(losses) | – | – | 71 | 71 | 167 | |
| ----------------------------- | ------------------------- | ------------ | ----------------------------- | ----------------------------- | ||
| Net movement in funds | (17,799) | 8,778 | 71 | (8,950) | (6,111) | |
| Reconciliation of funds | ||||||
| Total funds brought forward | 662,752 | 19,086 | 1,100 | 682,938 | 689,049 | |
| ----------------------------- | ------------------------- | --------------------- | ----------------------------- | ----------------------------- | ||
| Total funds carried forward | 644,953 | 27,864 | 1,171 | 673,988 | 682,938 | |
| ============================= | ========================= | ===================== | ============================= | ============================= |
The statement of financial activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.
The notes on pages 12 to 21 form part of these Annual Report and Financial Statements.
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| Wembdon StatementofFinancial Position 31December2020 |
||||
|---|---|---|---|---|
| Note | 2020 e |
t | 2019 f |
|
| Fixedassets | ||||
| Tangible fixedassets | 13 | 502,493 | 516,336 | |
| Hozier Bequest Endowment | 14 | 1,171 | 1,100 | |
| 503,664 | 517,436 | |||
| Current assets | ||||
| Stocks Debtors |
15 16 |
,r,arl | 50 10,147 |
|
| Cash at bank and inhand | 161,708 | 161,932 | ||
| 174,361 | 172,129 | |||
| Greditors:amountsfallingduewithinone year | 17 | 4,037 | 6,627 | |
| Netcurrent assets | 170,324 | 165,502 | ||
| Total assetsIesscurrent liabilities | 673,988 | 682,938 | ||
| Netassets | 673,988 | 682,938 | ||
| Funds of thecharity | ||||
| Endowmentfunds Restrictedfunds |
1,171 27,8il |
1,100 19,086 |
||
| Unrestricted funds | 644,953 | 662,752 | ||
| Total charityfunds | 20 | 673,988 | 682,938 |
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Notes to the Annual Report and Financial Statements
Year ended 31 December 2020
1. General information
The charity is a public benefit entity and a registered charity in England and Wales and is unincorporated. The address of the principal office is The Vicarage, 12 Greenacre, Wembdon, Bridgwater, Somerset, TA6 7RR.
2. Statement of compliance
These Financial Statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland', the 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) (Charities SORP (FRS 102)), the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCC's
The Church constitutes a public benefit entity as defined by FRS 102.
3. Accounting policies
(a) Basis of preparation
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value except for the valuation of investment assets which are shown at fair value
(b) Going concern
There are no material uncertainties about the charity's ability to continue.
(c) Judgements and key sources of estimation uncertainty
Given the straightforward nature of the accounts the trustees consider that there are no key judgements or sources of estimation uncertainty.
(d) Fund accounting
Unrestricted funds are available for use at the discretion of the PCC to further any of the charity's purposes.
Designated funds are unrestricted funds earmarked by the PCC for particular future projects or commitments.
Restricted funds are subjected to restrictions on their expenditure declared by the donor or through the terms of an appeal and fall into one of two sub-classes: restricted income funds or endowment funds. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year must be carried forward as a balance on that fund.
The PCC administers one endowment fund - the Hozier Bequest. The capital of this fund must be maintained; only income arising from the investment in the endowment may be used as a restricted fund depending on the purpose for which the endowment was established. In the case of the Hozier Bequest, this fund is for the purpose of providing hospitality for the bell ringers from time to time.
(e) Incoming resources
All incoming resources are included in the statement of financial activities when entitlement has passed to the charity; it is probable that the economic benefits associated with the transaction will flow to the charity and the amount can be reliably measured. The following specific policies are applied to particular categories of income:
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The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Notes to the Annual Report and Financial Statements (continued)
Year ended 31 December 2020
3. Accounting policies (continued)
(e) Incoming resources (continued)
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income from donations or grants is recognised when there is evidence of entitlement to the gift, receipt is probable and its amount can be measured reliably.
-
legacy income is recognised when receipt is probable and entitlement is established.
-
income from donated goods is measured at the fair value of the goods unless this is impractical to measure reliably, in which case the value is derived from the cost to the donor or the estimated resale value. Donated facilities and services are recognised in the accounts when received if the value can be reliably measured. No amounts are included for the contribution of general volunteers.
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income from contracts for the supply of services is recognised with the delivery of the contracted service. This is classified as unrestricted funds unless there is a contractual requirement for it to be spent on a particular purpose and returned if unspent, in which case it may be regarded as restricted.
(f) Resources expended
Expenditure is recognised on an accruals basis as a liability is incurred. Expenditure includes any VAT which cannot be fully recovered, and is classified under headings of the statement of financial activities to which it relates:
-
expenditure on raising funds includes the costs of all fundraising activities, events, non-charitable trading activities, and the sale of donated goods.
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expenditure on charitable activities includes all costs incurred by a charity in undertaking activities that further its charitable aims for the benefit of its beneficiaries, including those support costs and costs relating to the governance of the charity apportioned to charitable activities.
-
other expenditure includes all expenditure that is neither related to raising funds for the charity nor part of its expenditure on charitable activities.
All costs are allocated to expenditure categories reflecting the use of the resource. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs are apportioned between the activities they contribute to on a reasonable, justifiable and consistent basis.
(g) Tangible assets
Consecrated and benefice property is not included in the accounts in accordance with Section 10 (2)(a) of the Charities Act 2011.
Movable Church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property listed in the church's inventory and are not included on the Balance Sheet (SOFP).
Equipment used within the church premises are depreciated on a straight-line basis over five years. The Parish Centre Buildings are depreciated on a straight-line basis over fifty years. Individual items of equipment or furniture with a purchase price of £3,000 or less are written off when the asset is acquired. All fixed assets are initially recorded at cost.
(h) Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Buildings - 2% straight line Equipment - 20% straight line
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The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Notes to the Annual Report and Financial Statements (continued)
Year ended 31 December 2020
3. Accounting policies (continued)
(i) Investments
Investments are a form of basic financial instrument and are initially recorded at their transaction value and subsequently measured at their fair value at the balance sheet date using their quoted market price. The statement of financial activities includes the net gains and losses arising on valuation throughout the year.
(j) Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
(k) Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
(l) 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 charity will comply with the conditions attaching to them and the grants will be received.
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 performance-related 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.
(m) Financial instruments
The church only has financial assets and liabilities that qualify as basic financial instruments and are therefore recognised at transaction price and subsequently at amortised cost. These include debtors and creditors as applicable.
(n) Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided.
- 14 -
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Notes to the Annual Report and Financial Statements (continued)
Year ended 31 December 2020
4. Donations and legacies
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Donations | |||
| Planned giving: General | 72,042 | 110 | 72,152 |
| Planned giving: CAF/QCT Donations | 6,896 | – | 6,896 |
| Service offertories (Open Plate) | 2,354 | 153 | 2,507 |
| Legacies | |||
| Legacies | – | – | – |
| Gifts | |||
| Donations | 1,600 | – | 1,600 |
| Specific appeals | 315 | 4,000 | 4,315 |
| Hardship fund income | – | 8,240 | 8,240 |
| Grants | |||
| Grants | – | 21,111 | 21,111 |
| Government grant income (Coronavirus Job Retention) | 11,516 | – | 11,516 |
| Other donations and legacies | |||
| Tax Recoverable (Gift Aid) | 19,555 | – | 19,555 |
| ----------------------------- | ------------------------- | ----------------------------- | |
| 114,278 | 33,614 | 147,892 | |
| ============================= | ========================= | ============================= | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2019 | |
| £ | £ | £ | |
| Donations | |||
| Planned giving: General | 70,129 | 819 | 70,949 |
| Planned giving: CAF/QCT Donations | 7,081 | – | 7,081 |
| Service offertories (Open Plate) | 8,146 | 238 | 8,383 |
| Legacies | |||
| Legacies | – | 2,500 | 2,500 |
| Gifts | |||
| Donations | 1,358 | 694 | 2,052 |
| Specific appeals | – | – | – |
| Hardship fund income | – | – | – |
| Grants | |||
| Grants | 2,574 | 20,147 | 22,721 |
| Government grant income | – | – | – |
| Other donations and legacies | |||
| Tax Recoverable (Gift Aid) | 17,367 | – | 17,367 |
| ----------------------------- | ------------------------- | ----------------------------- | |
| 106,655 | 24,398 | 131,053 | |
| ============================= | ========================= | ============================= |
- 15 -
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Notes to the Annual Report and Financial Statements (continued)
Year ended 31 December 2020
5. Charitable activities
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
|---|---|---|---|---|---|
| Funds | 2020 | Funds | 2019 | ||
| £ | £ | £ | £ | ||
| Youth Work Income | – | – | 158 | 158 | |
| Parish Centre Hire | 5,736 | 5,736 | 15,314 | 15,314 | |
| Parish Centre Lets | 472 | 472 | 1,469 | 1,469 | |
| Holiday Bible Club | – | – | 877 | 877 | |
| Fees (Weddings/Funerals/Churchyard) | 4,939 | 4,939 | 5,313 | 5,313 | |
| Coffee Shop | 975 | 975 | 2,629 | 2,629 | |
| Parish Centre Catering | 231 | 231 | 1,807 | 1,807 | |
| Photocopy Sales | 104 | 104 | 162 | 162 | |
| Literature/Bible Notes | 206 | 206 | 116 | 116 | |
| Adult Outreach Events | 357 | 357 | 849 | 849 | |
| ------------------------- | ------------------------- | ------------------------- | ------------------------- | ||
| 13,020 | 13,020 | 28,694 | 28,694 | ||
| ========================= | ========================= | ========================= | ========================= | ||
| 6. | Other trading activities | ||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||
| Funds | 2020 | Funds | 2019 | ||
| £ | £ | £ | £ | ||
| Fundraising initiatives | – | – | 100 | 100 | |
| ============ | ============ | ============ | ============ | ||
| 7. | Investment income | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| £ | £ | £ | |||
| Dividends and Interest Receivable | 11 | 34 | 45 | ||
| ============ | ============ | ============ | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2019 | |||
| £ | £ | £ | |||
| Dividends and Interest Receivable | 4 | 33 | 37 | ||
| ============ | ============ | ============ | |||
| 8. | Other income | ||||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2020 | |||
| £ | £ | £ | |||
| Vicars Income/Other Income | 705 | 15 | 720 | ||
| Right of Way over Church Land | 543 | – | 543 | ||
| --------------------- | ------------ | --------------------- | |||
| 1,248 | 15 | 1,263 | |||
| ===================== | ============ | ===================== | |||
| Unrestricted | Restricted | Total Funds | |||
| Funds | Funds | 2019 | |||
| £ | £ | £ | |||
| Vicars Income/Other Income | 1,587 | 15 | 1,602 | ||
| Right of Way over Church Land | 543 | – | 543 | ||
| --------------------- | ------------ | --------------------- | |||
| 2,130 | 15 | 2,145 | |||
| ===================== | ============ | ===================== |
- 16 -
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Notes to the Annual Report and Financial Statements (continued)
Year ended 31 December 2020
9. Expenditure on charitable activities by fund type
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Diocesan Parish Share (Common Fund) | 63,448 | – | 63,448 |
| Adult Mission/Outreach | 825 | – | 825 |
| Youth Mission/Outreach | 499 | 41 | 540 |
| Missionaries and Charitable Giving | 9,202 | 6,496 | 15,698 |
| Parish Office Running Costs | 3,237 | – | 3,237 |
| Church - Running Expenses | 13,873 | 4,535 | 18,408 |
| Staff Costs | 27,934 | 2,623 | 30,557 |
| Upkeep of Services | 1,999 | – | 1,999 |
| Parish Centre Running Costs | 11,496 | 11,190 | 22,686 |
| Fixed Asset Depreciation | 13,843 | – | 13,843 |
| ----------------------------- | ------------------------- | ----------------------------- | |
| 146,356 | 24,885 | 171,241 | |
| ============================= | ========================= | ============================= | |
| Unrestricted | Restricted | Total Funds | |
| Funds | Funds | 2019 | |
| £ | £ | £ | |
| Diocesan Parish Share (Common Fund) | 64,831 | – | 64,831 |
| Adult Mission/Outreach | 1,000 | – | 1,000 |
| Youth Mission/Outreach | 2,132 | – | 2,132 |
| Missionaries and Charitable Giving | 7,443 | – | 7,443 |
| Parish Office Running Costs | 3,585 | – | 3,585 |
| Church - Running Expenses | 5,404 | 1,494 | 6,898 |
| Staff Costs | 26,793 | 8,194 | 34,987 |
| Upkeep of Services | 2,938 | 50 | 2,988 |
| Parish Centre Running Costs | 16,186 | 14,416 | 30,602 |
| Fixed Asset Depreciation | 13,841 | – | 13,841 |
| ----------------------------- | ------------------------- | ----------------------------- | |
| 144,153 | 24,154 | 168,307 | |
| ============================= | ========================= | ============================= | |
| Net expenditure | |||
| Net expenditure is stated after charging/(crediting): | |||
| 2020 | 2019 | ||
| £ | £ | ||
| Depreciation of tangible fixed assets | 13,843 | 13,844 | |
| ========================= | ========================= |
10. Net expenditure
11. Staff costs
| The total staff costs and employee benefits for the reporting period are analysed as follows: | The total staff costs and employee benefits for the reporting period are analysed as follows: | |
|---|---|---|
| 2020 | 2019 | |
| £ | £ | |
| Wages and salaries | 43,015 | 43,343 |
| Social security costs | 155 | – |
| Employer contributions to pension plans | 1,000 | 1,485 |
| Other employee benefits | – | 44 |
| ------------------------- | ------------------------- | |
| 44,170 | 44,872 | |
| ========================= | ========================= |
The average head count of employees during the year was 3 (2019: 2).
No employee received employee benefits of more than £60,000 during the year (2019: Nil).
- 17 -
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Notes to the Annual Report and Financial Statements (continued)
Year ended 31 December 2020
12. Trustee remuneration and expenses
One or more trustees has been paid remuneration or received other benefits from employment with the charity or a related entity.
Stipends and other benefits received by PCC member (trustees) in respect of their capacities other than trusteeship, serving as ecclesiastical office holders through the Church Commissioners (at the expense of the Diocesan Board of Finance) were:
Parochial Minister (Vicar): Stipend - £27,220 (2020-21 tax year) - £26,686 (2019-20 tax year); defined benefit pension scheme; living accommodation.
The Assistant Minister, Todd Mallonee (PCC member) was employed by the PCC from January to August 2020 and received remuneration as follows: - Salary £18,137; pension contributions - £1,322.
Safeguards are in place to ensure that the employees are not part of Trustee decisions surrounding employment terms and remuneration. Remuneration and expenses were paid as part of their employment package and solely for their services relating to employment and not for services as a PCC member. No expenses have been incurred by any PCC member in relation to carrying out their duties as a Trustee.
13. Tangible fixed assets
| Land and | |||
|---|---|---|---|
| buildings | Equipment | Total | |
| £ | £ | £ | |
| Cost | |||
| At 1 January 2020 and 31 December 2020 | 538,213 | 25,811 | 564,024 |
| ============================= | ========================= | ============================= | |
| Depreciation | |||
| At 1 January 2020 | 30,199 | 17,489 | 47,688 |
| Charge for the year | 9,764 | 4,079 | 13,843 |
| ----------------------------- | ------------------------- | ----------------------------- | |
| At 31 December 2020 | 39,963 | 21,568 | 61,531 |
| ============================= | ========================= | ============================= | |
| Carrying amount | |||
| At 31 December 2020 | 498,250 | 4,243 | 502,493 |
| ============================= | ========================= | ============================= | |
| At 31 December 2019 | 508,014 | 8,322 | 516,336 |
| ============================= | ========================= | ============================= |
14. Hozier bequest endowment
| Other | |
|---|---|
| investments | |
| £ | |
| Cost or valuation | |
| At 1 January 2020 | 1,100 |
| Additions | – |
| Fair value movements | 71 |
| --------------------- | |
| At 31 December 2020 | 1,171 |
| ===================== | |
| Impairment | |
| At 1 January 2020 and 31 December 2020 | – |
| ===================== | |
| Carrying amount | |
| At 31 December 2020 | 1,171 |
| ===================== | |
| At 31 December 2019 | 1,100 |
| ===================== | |
| All investments shown above are held at valuation. |
- 18 -
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Notes to the Annual Report and Financial Statements (continued)
Year ended 31 December 2020
15. Stocks
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| Raw materials and consumables | – | 50 | |
| ============ | ============ | ||
| 16. | Debtors | ||
| 2020 | 2019 | ||
| £ | £ | ||
| Trade debtors | 2,095 | 2,670 | |
| Prepayments and accrued tax recoverable (gift-aid) | 10,558 | 7,477 | |
| ------------------------- | ------------------------- | ||
| 12,653 | 10,147 | ||
| ========================= | ========================= | ||
| 17. | Creditors: amounts falling due within one year | ||
| 2020 | 2019 | ||
| £ | £ | ||
| Trade creditors | 1,179 | 1,220 | |
| Accruals and deferred income | 2,777 | 3,650 | |
| Social security and other taxes | 54 | 1,534 | |
| Other creditors | 27 | 223 | |
| --------------------- | --------------------- | ||
| 4,037 | 6,627 | ||
| ===================== | ===================== |
18. Pensions and other post retirement benefits
Defined contribution plans
The amount recognised in income or expenditure as an expense in relation to defined contribution plans was £1,000 (2019: £1,485).
19. Government grants
The amounts recognised in the Annual Report and Financial Statements for government grants are as follows:
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Recognised in income from donations and legacies: | ||
| Government grants income (Coronavirus Job Retention Scheme) | 11,516 | – |
| ========================= | ============ |
- 19 -
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Notes to the Annual Report and Financial Statements (continued)
Year ended 31 December 2020
20. Analysis of charitable funds
Unrestricted funds
| Unrestricted funds | |||||
|---|---|---|---|---|---|
| At | |||||
| At | Gains and | 31 December | |||
| 1 January 2020 | Income | Expenditure | losses | 2020 | |
| £ | £ | £ | £ | £ | |
| General Fund | 78,570 | 117,633 | (108,423) | – | 87,779 |
| Parish Centre Fund | 22,155 | 10,424 | (12,013) | – | 20,567 |
| Ministry Designated | 25,053 | – | (10,136) | – | 14,917 |
| Youth Work Development | |||||
| Designated | 1,847 | – | (210) | – | 1,637 |
| Church Reordering | |||||
| Designated | 18,791 | 500 | (1,731) | – | 17,560 |
| Fixed Assets - Property | |||||
| Fund | 516,336 | – | (13,843) | – | 502,493 |
| ----------------------------- | ----------------------------- | ----------------------------- | ------------ | ----------------------------- | |
| 662,752 | 128,557 | (146,356) | – | 644,953 | |
| ============================= | ============================= | ============================= | ============ | ============================= | |
| At | |||||
| At | Gains and | 31 December |
|||
| 1 January 2019 | Income | Expenditure | losses | 2019 |
|
| £ | £ | £ | £ | £ | |
| General Fund | 77,558 | 115,047 | (114,035) | – | 78,570 |
| Parish Centre Fund | 15,041 | 22,536 | (15,422) | – | 22,155 |
| Ministry Designated | 25,500 | – | (447) | – | 25,053 |
| Youth Work Development | |||||
| Designated | 2,253 | – | (406) | – | 1,847 |
| Church Reordering | |||||
| Designated | 18,791 | – | – | – | 18,791 |
| Fixed Assets - Property | |||||
| Fund | 530,179 | – | (13,843) | – | 516,336 |
| ----------------------------- | ----------------------------- | ----------------------------- | ------------ | ----------------------------- | |
| 669,322 | 137,583 | (144,153) | – | 662,752 |
|
| ============================= | ============================= | ============================= | ============ | ============================= |
Restricted funds
| At | |||||
|---|---|---|---|---|---|
| At | Gains and | 31 December | |||
| 1 January 2020 | Income | Expenditure | losses | 2020 | |
| £ | £ | £ | £ | £ | |
| Hozier Income fund | 124 | 34 | – | – | 158 |
| Parish Centre Business | |||||
| Development | 15,904 | 16,431 | (11,190) | – | 21,145 |
| Assistant Minister | – | 2,623 | (2,623) | – | – |
| Churchyard maintenance | – | 2,035 | (2,035) | – | – |
| Church Fabric | |||||
| Maintenance | 2,500 | – | (2,500) | – | – |
| Holiday Bible Club | 558 | – | (41) | – | 517 |
| Hardship fund | – | 8,540 | (2,496) | – | 6,044 |
| Specific appeals | – | 4,000 | (4,000) | – | – |
| ------------------------- | ------------------------- | ------------------------- | ------------ | ------------------------- | |
| 19,086 | 33,663 | (24,885) | – | 27,864 | |
| ========================= | ========================= | ========================= | ============ | ========================= |
- 20 -
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Notes to the Annual Report and Financial Statements (continued)
Year ended 31 December 2020
20. Analysis of charitable funds (continued)
| At | |||||
|---|---|---|---|---|---|
| At | Gains and | 31 December | |||
| 1 January 2019 | Income | Expenditure | losses | 2019 | |
| £ | £ | £ | £ | £ | |
| Hozier Income fund | 141 | 33 | (50) | – | 124 |
| Parish Centre Business | |||||
| Development | 18,653 | 11,667 | (14,416) | – | 15,904 |
| Assistant Minister | – | 8,194 | (8,194) | – | – |
| Churchyard maintenance | – | 1,494 | (1,494) | – | – |
| Church Fabric | |||||
| Maintenance | – | 2,500 | – | – | 2,500 |
| Holiday Bible Club | – | 558 | – | – | 558 |
| Hardship fund | – | – | – | – | – |
| Specific appeals | – | – | – | – | – |
| ------------------------- | ------------------------- | ------------------------- | ------------ | ------------------------- | |
| 18,794 | 24,446 | (24,154) | – | 19,086 | |
| ========================= | ========================= | ========================= | ============ | ========================= | |
| Endowment funds | |||||
| At | |||||
| At | Gains and | 31 December | |||
| 1 January 2020 | Income | Expenditure | losses | 2020 | |
| £ | £ | £ | £ | £ | |
| Hozier Bequest | 1,100 | – | – | 71 | 1,171 |
| ===================== | ============ | ============ | ============ | ===================== | |
| At | |||||
| At | Gains and | 31 December | |||
| 1 January 2019 | Income | Expenditure | losses | 2019 | |
| £ | £ | £ | £ | £ | |
| Hozier Bequest | 933 | – | – | 167 | 1,100 |
| ============ | ============ | ============ | ============ | ===================== | |
| Analysis of net assets between funds | |||||
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2020 | ||
| £ | £ | £ | £ | ||
| Tangible fixed assets | 502,493 | – | – | 502,493 | |
| Investments | – | – | 1,171 | 1,171 | |
| Current assets | 146,497 | 27,864 | – | 174,361 | |
| Creditors less than 1 year | (4,037) | – | – | (4,037) | |
| ----------------------------- | ------------------------- | --------------------- | ----------------------------- | ||
| Net assets | 644,953 | 27,864 | 1,171 | 673,988 | |
| ============================= | ========================= | ===================== | ============================= | ||
| Unrestricted | Restricted | Endowment | Total Funds | ||
| Funds | Funds | Funds | 2019 | ||
| £ | £ | £ | £ | ||
| Tangible fixed assets | 516,337 | – | – | 516,337 | |
| Investments | – | – | 1,100 | 1,100 | |
| Current assets | 153,045 | 19,086 | – | 172,131 | |
| Creditors less than 1 year | (6,630) | – | – | (6,630) | |
| ----------------------------- | ------------------------- | --------------------- | ----------------------------- | ||
| Net assets | 662,752 | 19,086 | 1,100 | 682,938 | |
| ============================= | ========================= | ===================== | ============================= |
21. Analysis of net assets between funds
The following pages do not form part of the annual report and financial statements.
- 21 -
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Detailed Statement of Financial Activities
Year ended 31 December 2020
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Income and endowments | ||
| Donations and legacies | ||
| Planned giving: General | 72,152 | 70,949 |
| Planned giving: CAF/QCT Donations | 6,896 | 7,081 |
| Service Offertories (Open Plate) | 2,507 | 8,383 |
| Legacies | – | 2,500 |
| Donations | 1,600 | 2,052 |
| Specific appeals | 4,315 | – |
| Hardship fund income | 8,240 | – |
| Grants | 21,111 | 22,721 |
| Government grant income | 11,516 | – |
| Tax Recoverable (Gift Aid) | 19,555 | 17,367 |
| ----------------------------- | ----------------------------- | |
| 147,892 | 131,053 | |
| ----------------------------- | ----------------------------- | |
| Charitable activities | ||
| Youth Work Income | – | 158 |
| Parish Centre Hire | 5,736 | 15,314 |
| Parish Centre Lets | 472 | 1,469 |
| Holiday Bible Club | – | 877 |
| Fees (Weddings/Funerals/Churchyard) | 4,939 | 5,313 |
| Coffee Shop | 975 | 2,629 |
| Parish Centre Catering | 231 | 1,807 |
| Photocopy Sales | 104 | 162 |
| Literature/Bible Notes | 206 | 116 |
| Adult Outreach Events | 357 | 849 |
| ------------------------- | ------------------------- | |
| 13,020 | 28,694 | |
| ------------------------- | ------------------------- | |
| Other trading activities | ||
| Fundraising initiatives | – | 100 |
| ------------ | ------------ | |
| Investment income | ||
| Dividends and Interest Receivable | 45 | 37 |
| ------------ | ------------ | |
| Other income | ||
| Vicars Income/Other Income | 720 | 1,602 |
| Right of Way over Church Land | 543 | 543 |
| --------------------- | --------------------- | |
| 1,263 | 2,145 | |
| --------------------- | --------------------- | |
| ----------------------------- | ----------------------------- | |
| Total income | 162,220 | 162,029 |
| ============================= | ============================= |
- 22 -
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Detailed Statement of Financial Activities (continued)
Year ended 31 December 2020
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Expenditure on charitable activities | ||
| Diocesan Parish Share (Common Fund | ||
| Diocesan Parish share (Common fund) | 63,448 | 64,831 |
| ------------------------- | ------------------------- | |
| Adult Mission/Outreach | ||
| Tea Time Special | – | 57 |
| Adult Outreach/Making Jesus Known | 792 | 776 |
| Small Groups/Christianity Explored | 33 | 167 |
| ------------ | --------------------- | |
| 825 | 1,000 | |
| ------------ | --------------------- | |
| Youth Mission/Outreach | ||
| Holiday Bible Club | 41 | 810 |
| Youth Work Expenditure | 375 | 173 |
| Sonseekers Activities | 93 | 509 |
| Children’s Outreach activities | 31 | 640 |
| ------------ | --------------------- | |
| 540 | 2,132 | |
| ------------ | --------------------- | |
| Missionaries and Charitable Giving | ||
| Grant funding activities | ||
| Gift appeals | 2,565 | – |
| Open Doors | 1,380 | 1,200 |
| SWEEPS | 1,800 | 1,440 |
| Tear Fund | 1,380 | 1,200 |
| Others (Support Fund) | 600 | 850 |
| Specific appeals | 1,435 | 393 |
| Home mission: gifts and donations | 874 | 410 |
| Reach Across | 2,400 | 1,950 |
| Strategic ministry partnership grants | 768 | – |
| Hardship fund grants | 2,496 | – |
| ------------------------- | --------------------- | |
| 15,698 | 7,443 | |
| ------------------------- | --------------------- | |
| Parish Office Running Costs | ||
| Printing/Paper Costs | 1,575 | 2,668 |
| Telephone/software subscriptions | 1,300 | 742 |
| Advertising /Brochures/Displays | 240 | 175 |
| Small office equipment | 122 | – |
| --------------------- | --------------------- | |
| 3,237 | 3,585 | |
| --------------------- | --------------------- | |
| Church - Running Expenses | ||
| Legal and professional fees | 60 | – |
| Utility Costs | 1,583 | 2,138 |
| Insurance | 1,164 | 934 |
| Ongoing Maintenance | 295 | 622 |
| Heating Repairs/Servicing | – | 66 |
| Audio-Visual/Lighting | 1,312 | 274 |
| Quinquennial/Reordering Costs | 10,446 | 72 |
| Upkeep of Churchyard | 3,468 | 3,340 |
| Bank charges | 80 | – |
| ------------------------- | --------------------- | |
| 18,408 | 6,898 | |
| ------------------------- | --------------------- |
- 23 -
The Parochial Church Council of The Ecclesiastical Parish of Wembdon
Detailed Statement of Financial Activities (continued)
Year ended 31 December 2020
| Staff Costs | ||
|---|---|---|
| Wages/salaries | 28,273 | 29,703 |
| Employer's NIC | 155 | – |
| Pension costs | 1,000 | 1,485 |
| Vicar/Asst. Minister Expenses | 1,129 | 3,202 |
| Staff Expenses | – | 597 |
| ------------------------- | ------------------------- | |
| 30,557 | 34,987 | |
| ------------------------- | ------------------------- | |
| Upkeep of Services | ||
| Fees, Licences, Subscriptions | 988 | 904 |
| Sundry Expenses | 233 | 739 |
| Visiting Speakers | 150 | 645 |
| Verger/Sexton/Clerk Costs | 628 | 620 |
| Readers costs and training | – | 80 |
| --------------------- | --------------------- | |
| 1,999 | 2,988 | |
| --------------------- | --------------------- | |
| Parish Centre Running Costs | ||
| Parish Centre catering supplies | 103 | 361 |
| Coffee shop supplies | 247 | 547 |
| Development Worker/Cleaner Wages | 14,742 | 13,640 |
| Development Worker Costs | – | 44 |
| Utility costs | 3,101 | 3,641 |
| Fixtures, Fittings, Sound/Vision | 790 | 6,335 |
| Parish Centre advertising | – | 92 |
| Office Costs | 325 | 179 |
| Bad debt - write-off | 354 | 96 |
| Cleaning | 403 | 1,524 |
| Maintenance | 765 | 2,334 |
| Insurance | 1,856 | 1,809 |
| ------------------------- | ------------------------- | |
| 22,686 | 30,602 | |
| ------------------------- | ------------------------- | |
| Fixed Asset Depreciation | ||
| Depreciation | 13,843 | 13,841 |
| ------------------------- | ------------------------- | |
| ----------------------------- | ----------------------------- | |
| Expenditure on charitable activities | 171,241 | 168,307 |
| ============================= | ============================= |
- 24 -