## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |CC members
wh|o have served during|the period from 1 January 2020 until|the date this report was approved are:| |---|---|---|---| |Incumbent:||Revd Daniel Rodgers|Chairman| |Wardensr||Peter Colas|(Until APCM 2020)| |||Jonathan
Shallow|(From APCM 2020)| |||Susan Smithies|| |Representatives|on the Deanery|Susan Breeze|(Until APCM 2020)| |Synod:||Evelyn Ann Cartland|| |||Rowena Hamson|(From 19November 2020)| |||Peter Loadman|| |||Ni el Peach|| |Elected members:||Alan Biggs|(From APCM 2020)| |||David Cartwright|(Until APCM 2020)| |||lan Cheffy|(Until APCM 2020)| |||Tracey Dalby|| |||Elaine Faulkner|| |||Alan Garrett|| |||Rowena Hanison|(From APCM 2020)| |||Janette
Hill|| |||Valerie ("Lallie") Laverty|| |||Jonathan
Shallow|(Until APCM 2020)| |||Howard Sinton|(Until APCM 2020)| |Co-opted member:||Raymond
Douglas|Treasurer
until 19November 2020| |||Heather Flood|Treasurer
from 19November 2020| |||Rowena
Harrison|Until APCM 2020| |Secret||Rowena
Hamson|| ## ## ## ## |||||2020|||2019|| |---|---|---|---|---|---|---|---|---| ||||Unrestricted|Restricted||Unrestricted|Restricted|| |||Note|Funds
5|Fur&de
6|Total
6|Funds
f|Funds
8|Total| |INCOME FROM:||||||||| |Income from donations
and legacies||3a|498,990|16,494|515,484|290,558|26,721|317,279| |Income from charitable
activities||3I&|5,278|4,150|9,428|9,596|1,853|11,449| |Income from other trading|activities|3c|9,341||9,341|18,232|13,751|31,983| |Income from investments||3d|385||385|495|0|495| |Total income|||513,994|20,644|534,638|318,881|42,325|361,206| |EXPENDITURE ON:||||||||| |Raising funds||4a|0|||0||0| |Charitable
activities||4b|265,604|16,494|282,098|306,661|54,379|361,040| |Other activities||4c|6,057|0|6,057|7,499|0|7,499| |Total expenditure|||271,661|16,494|288,155|314,160|54,379|368,539| |NET INCOME IEXPENDITURE
Transfers
between funds||10|242,333
0|4,150
0|246,483
0|4,721
600|-12,054
-600|-7,333
0| |NET MOVEMENT
IN FUNDS|||242,333|4,150|246,483|5,321|-12,654|-7,333| |RECONCILATION
OF FUNDS:||||||||| |TOTAL FUNDS BROUGHT FORWARD|||1,145,376|20,358|1,165,734|1,140,055|33,012|1,173,067| |TOTAL FUNDS CARRIED|FORWARD||1,387,709|24,508|1,412,217|1,145,376|20,358|1,165,734| |BALANCE SHEET at|31 DECEMBER 2020|||| |---|---|---|---|---| |||Note|2020|2019| ||||8|| |FIXEDASSETS||||| |Tangible fixed assets|||995,990|1,006,099| |CURRENT ASSETS||||| |Debtors|||155,017|30,531| |Short term deposits|||166,675|66,291| |Cash at bank and in|hand||103,748|88,294| |Total current assets|||425,440|185,116| |LIABILITIES:||||| |Creditors: Amounts|falling due within one year||-9,213|-25,481| |NET CURRENT ASSETS|||416,227|159,635| |TOTAL NET ASSETS|||1,412,217|1,165,734| |THE FUNDS OF THE PCC||||| |Unrestricted
funds|||1,387,709|1,145,376| |Restricted
income funds|||24,508|20,358| |Total PCC|funds||1,412,217|1,165,734| ## ||||||Cornparatives|Cornparatives|Cornparatives|copied|values only from|2019accounts workings|2019accounts workings|added post|Independent|Examination| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |||||||||Note|2020|||2,019||| ||||||||||Unrestricted|||Unrestricted|Restricted|| ||||||||||Funds||Total|Funds|Funds|Total| ||||||||||||5|||| |Cash flows from operating|||activities|||||||||||| |Net|cash provided|by|(used|in)|operating|||||||||| |activities|||||||||112,307|4,595|116,902|18,455|-11,961|6,494| |Cash flows from investing|||activities:|||||||||||| ||Interest|||||||3d|385|||495||495| ||Purchase of|plant and||equipment||||5|-1,449||-1,449|-1,196||-1,196| |Net|cash provided|by|(used|in)|operating||activities||-1,064||-1,064|-701|0|-701| |Change|in cash and cash||equivalents||for|the|year||111,243|4,595|115,838|17,754|-11,961|5,793| |Cash and cash equivalents||||brought||forwatd|||135,203|19,382|154,585|117,449|31,343|148,792| |Cash and cash equivalents|||carried forward||||||246,446|23,977|270,423|135,203|19,382|154,585| ## ## ## ## ## ## ## ## ## ## ## |NOT|ES to the FINANCIAL ST|ATEM|ENT|S (continued)|||||Forthe year e|nded 31 Decemb|er 2020| |---|---|---|---|---|---|---|---|---|---|---|---| |||||||2020||||2019|| ||||||Unrestricted|Restricted|||Unrestdcted|Restricted|| |4|EXPENDITURE||||Funds|Fundsf||Total|Funds
6|Funds
6|Total| |4a|Fund raising costs||||||||||| |4b|Charitable
activities||||||||||| |4b(i)|Grants (also see Note 11)||||||||||| ||Church overseas: Missionary|||societies|12,775|6,286||19,061|12,940|36,531|49,471| ||Home missions
&other Church Societies||||13,337|1,563||14,900|16,285|2,139|18,424| ||Other||||700||325|1,025|400|614|1,014| ||||||26,812|8,174||34,986|29,625|39,284|68,909| |4b(ii|Activities
directly relating|to the work ofthe Church|||||||||| ||Ministry||||||||||| ||Diocesan quota/parish||share||79,090|||79,090|79,833||79,833| ||Diocesan fees||||757|||757|743||743| ||Clergyexpenses||||20|||20|335||335| ||Outreach costs||||2,032|3,570||5,602|3,793|1,112|4,905| ||Worship
pastors'|salaries|||13,439|||13,439|0||0| ||Youth and families workers'|||salaries|34,297|||34,297|52,149||52,149| ||Youth and families costs||||9,214|1,250||10,464|11,692||11,692| ||Pastoral costs||||100|3,500||3,600|0||0| ||Training||||539|||539|708||708| ||Vacancy costs||||1,558|||1,558|3,532||3,532| ||Visiting speakers||||325|||325|365||365| ||Church||||||||||| ||Running
expenses||||1,952||0|1,952|4,214||4,214| ||Maintenance||||1,019||0|1,019|15,657||15,657| ||Halls, office and grounds||||||||||| ||Running
expenses||||8,191|||8,191|8,225||8,225| ||Maintenance||||3,617|||3,617|7,761||7,761| ||Depreciation||||11,439|||11,439|11,077||11,077| ||Vicarage and garden||||0|||0|16,424|13,751|30,175| ||Grounds
(&refuse)||||1,028|||1,028|1,043||1,043| ||Insurance||||2,461|||2,461|2,165||2,165| ||Events||||819|||819|3,346|230|3,576| ||Otherresources||||15,285|||15,285|4,547||4,547| ||Independent
Examination||fee||2,148|||2,148|1,824||1,824| ||Other professional|fees|||300|||300|2,826||2,826| ||Miscellaneous||||4,484|||4,484|2,497||2,499| ||||||194,114|8,320||202,434|234,756|15,095|249,851| |4b(ii|Church management
and|administration|||||||||| ||Office:
Salaries||||26,712|||26,712|16,276||16,276| ||Running costs||||9,371|||9,371|5,343||5,343| ||Administration:
Salaries||||8,595|||8,595|20,661||20,661| ||Running costs||||0|||0|0||0| ||||||44,678|||44,678|42,280||42,280| ||Total charitable
activities||||265,604|16,494||282,098|306,661|54,379|361,040| |4c|Other activities||||||||||| ||Apportionment
ofcosts for lettings||||||||||| ||Hall running
expenses||||4,269|||4,269|5,373||5,373| ||Hall maintenance||||614|||614|954||954| ||Hall insurance||||1,055|||1,055|1,055||1,055| ||Depreciation||||119|||119|117||117| ||Total other activities||||6,057||0|6,057|7,499||7,499| ||Total Expenses||||271,661|16,494||288,155|314,160|54,379|368,539| |||||||||||Page|15of20| ## ## |ES tothe FINANCIAL STATEMENTS (continued)|||Forthe year ended 3|1 December 2020| |---|---|---|---|---| |FIXEDASSETS FOR USE BYTHE PCC||||| ||Freehold|Freehold|Plant and|| |Tangible
Fixed Assets
GROSS BOOK VALUE|land
f|buildings|equipmentf|Total
8| |at 1 January 2020
Additions
Disposals|550,000
0
0|500,000
0
0|9,517
1,449
0|1,059,517
1,449
0| |At 31 December 2020
DEPRECIATION|550,000|500,000|10,966|1,060,966| |at 1 January 2020
Charge forthe year
Disposals||50,000
10,000
0|3,418
1,558
0|53,418
11,558
0| |At 31 December 2020|0|60,000|4,978|64,976| |NET BOOK VALUE||||| |At 31 December 2020|550,000|440,000|5,990|995,990| |At 31 December 2019|550,000|450,000|6,099|1,006,099| ## |6|ANALYSIS of NET ASS|ET|S by FUND|||| |---|---|---|---|---|---|---| |||||Unrestricted|Restricted|Total| |||||Funds|Funds|| |||||6||6| ||Fixed Assets|||995,990|0|995,990| ||Current Assets - Bank &
-Debtors|Short Term Deposits||246,446
154,486|23,977
531|270,423
155,017| ||Current
Liabilities|||400,932
-9,213|24,508
0|425,440
-9,213| ||Fund balance|||1,387,709|24,508|1,412,217| |7|DEBTORS|||2020||2019| ||Income tax recoverable|||8||6| ||Restricted Income|||531||976| ||Unrestricted
Income|||11,064||10,367| |||||11,595||11,343| ||Prepayrnents
Balance of Legacy received||in 2021|2,769
139.774||2,704
0| ||Contribution
outstanding
to
Rental income Outstanding||Vacancy costs|0
879||12,794
3,690| |||||143,422||19,188| |||||155,017||30,531| ## ## ## ## ## |LIABILITIES|||||||||2020|||2019| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||F|||6| |Creditors - goods &services||||||||||||| |Trade creditors|||||||||-1,213|||-709| |Taxahon and social security|||||||||-1,498|||-566| |Other creditors|||||||||-1,404|||-196| |Deposits received|||||||||0|||0| |Independent
Examiner|||||||||-2,148|||-1,920| |Other accrued expenses|||||||||-2,950|||-22,090| ||||||||||-9,213|||-25,481| |Liabilities at 31 December 2020 represent charges incurred|||||but not paid for,||legal commitments|to|make payments||to third|| |parties incurred
by that date and an|||estimate ofthe cost for||the independent||examination
ofthese||accounts.|||| |FUND DETAILS||||||||||||| |At 31 December 2020 the amounts|||held were|as follows-||||||||| ||||||||Cash||Debtors|Liabilities||Total| ||||||||In Hand||Due||Due|| ||||||||6||6||6|E| |Designated
Funds||||||||||||| |Emergency
Fund|||||||25,000|||||25,000| |Legacy Fund|||||||63,449||139,774|||203,223| |Tithe ofLegacy - Mission|fund||||||23,977|||||23,977| ||||||||112,426||139,774||0|252,200| |Restricted
Funds||||||||||||| |Love Loudwater|||||||4,281|||||4,613| |Mission Tithe Fund|||||||2,337|||||2,337| |Holding
Fund|||||||2,000|||||2,000| |Building Fund|||||||4,762||15|||4,777| |Family|||||||4,311||33|||4,343| |Mercy Ships Douala Orphanage|||||||2,373|||||2,373| |Other Small Funds & Individuals|||||||3,963||102|||4,064| |TJC II (UK)|||||||-50||50|||0| ||||||||23,977||531|||24,508| |jd
d|I|dj d,||ld*hyh|PCCI|dl|.|j|d|||| ## ## ## |The|movements
on funds|during the year were||||||| |---|---|---|---|---|---|---|---|---| ||||Fund|||||Fund| ||||balances|||Transfers||balances| ||||brought|||(see note|Gains and|carried| ||||forward
6|Income
6|Expenditure
6|10)
5|losses|forwardf| ||Emergency
Fund||25,000|||||25,000| ||Legacy Fund||0||-12,574|215,797||203,223| ||Tithe of Legacy- Mission Fund||0|||23,977||23,977| |Total|Designated
Funds||25,000|0|-12,574|239,774||252,200| |Other|General Funds||1,120,376|513,994|-259,087|-239,774||1,135,509| |Total|Unrestricted
Funds||1,145,376|513,994|-271,661||0|1,387,709| ||Love Loudwater||0|8,183|-3,570|||4,613| ||Mission Tithe Fund||2337|||||2,337| ||Holding
Fund||2000|||||2,000| ||Building Fund||4327|450||||4,777| ||Family||3743|4,425|-3,825|||4,343| ||Youth Work Equipment||1250||-1,250|||| ||Mercy Ships Douala|Orphanage|1123|1,250||||2,373| ||Other Small Funds
1JC II (UK)|& Individuals|4278|4,490
1,500|&,704
-1,500|||4,064| ||UK Friiends ofDeep|Roots|1300|345|-1,645|||| |Total|Restricted Funds||20,358|20,644|-16,494|||24,508| |10|TRANSFERS BETWEEN FUNDS|TRANSFERS BETWEEN FUNDS|||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| ||Between Restricted
Funds||||||||||||||| ||Building Fund to Mission|Fund - 10%of||donations|by agreement|||on set up of Building
Fund|||||||36| ||Between Unrestricted
Funds||||||||||||||| ||Transfer of90%ofLegacy to Legacy Fund||||||||||||||215,797| ||Transfer 10%ofLegacy|to Mission Fund|||||||||||||23,977| |11|GRANTS||||||||||||||| ||The breakdown
ofgrants between||individuals|and institutions,||by nature||Itype ofactivity as disclosed|||in note||4|b(i)|| ||is set out below, together with|the|website URLs ofthe||institutions||which received over f1,000|||during|the|year:|||| ||||||||Unrestricted||||||Restricted||| |||||||To||To|||To|||To|| ||||||individuals||Institutions
f||Total
f|individuals||f|Institutions
f||Totalf| ||Church overseas||||||||||||||| ||Missionaries
and missionary|societies|||||||||||||| ||BaitAvinu|||||||1,408|1,408|||||0|0| ||(www. beitimmanuel.
org - Messianic congregabon)||||||||||||||| ||Bait Immanuel|||||||1,408|1.408||||||| ||(www. beitimmanuel.
org)||||||||||||||| ||UK Friends ofDeep Roots|||||||||||||1,645|1,645| ||(www.deeprootsuganda.
org.uk/)||||||||||||||| ||Insgtutions
under f1,DOO and indMduals|||||9,960|||9,960||4,641||||4,641| |||||||9,960||2,815|12,775||4,641|||1,645|6,286| ||Home missions amd other church||societies||||||||||||| ||Church's
Ministry among Jews (UK)|||||||1,380|1,380|||||0|| ||(www.cmj.org.uk)||||||||||||||| ||Lighthouse|||||||1,000|1,000||||||| ||(www. lighthousecentral.
org)||||||||||||||| ||Towards Jerusalem
Council|II (UK) *||||||840|840|||||1,500|1,500| ||(www.tjcii.eu)||||||||||||||| ||Wycombe Youth For Christ|||||||4,200|4,200|||||0|D| ||(www.wycombeyfc. org.uk)||||||||||||||| ||Institutions
under f1,000and individuals||||4,800|||1,117|5,917||63|||0|63| ||||||4,800|||8,537|13,337||63|||1,500|1,563| ||Other financial support||||||||||||||| ||Individuals
and institutions
under||f1,000|||||700|700||325||||325| ||Total grants psr nels 4b|(i)|||14,760|||12,052|26,812||5,029|||3,145|8,174| ## ## ## ## ## ##