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||||||Unrestricted|Unrestricted|Restricted|Endowment|TOTAL|FUNDS|
|---|---|---|---|---|---|---|---|---|---|---|
|||||Note|Funds||Funds|Funds|2020|2019|
||||||E|||||6|
|INCOMING RESOURCES|||||||||||
|Voluntary
income||||2(a)|134,223||25,334||159,557|206,227|
|Activities for generating|funds|||2(b)||785|||785|1,048|
|Income from investments||||2(c)||26|109||135|339|
|Church activities||||2(d)|4,952||||4,952|8,572|
|Total Incoming Resources|||||139,986||25,443||165,429|216,186|
|RESOURCES EXPENDED|||||||||||
|Church activities||||3(a)|142,400||58,496||200,896|218,004|
|Cost ofgenerating
voluntary||income||3(b)||390|||390|675|
|Governance
costs||||3(c)|||||||
|Total Resources Used|||||142,790||58,496||201„286|218,679|
|NET INCOIIIIINGI(OUTGOING)|||RESOURCES||(2,804)||(33,053)||(35,857)|(2,493)|
|BALANCES BROUGHT|FORWARD AT 1JANUARY||||96,245||58,771||155,016|157,509|
|BALANCES CARRIED|FORWARD AT 31 DECEMBER||||93,441||25,718||119,159|1M,016|
||||BALANCE SHEET||AT 31|DECEMBER 2020|||||
||||||||||2020|20'I9|
|||||||||Note|6|6|
|TANGIBLE FIXEDASSETS|||||||||70,000|70,000|
|CURRENT ASSETS|||||||||||
|Debtors|||||||||7,683|7,595|
|ShortTerm
Deposits|||||||||8,550|58,905|
|Cash at Bank and
in Hand|||||||||37,027|21,196|
|Total Current Assets|||||||||53,260|87,697|
|LIABILITIES:AMOUNTS FALLING DUE WITHIN ONE|||||YEAR||||(4,101)|(2,681)|
|NET CURRENT ASSETS|||||||||49,159|85,016|
|NET ASSETS|||||||||119,159|155,016|
|FUNDS|||||||||||
|Unrestricted|||||||||93,441|96,245|
|Restricted|||||||||25,718|58,771|
|TOTAL FUNDS|||||||||119,159|155,016|
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|The PCC is|a public benefit entity within the meaning ofFRS102.The financial statements
have been prepared|a public benefit entity within the meaning ofFRS102.The financial statements
have been prepared|a public benefit entity within the meaning ofFRS102.The financial statements
have been prepared|a public benefit entity within the meaning ofFRS102.The financial statements
have been prepared|a public benefit entity within the meaning ofFRS102.The financial statements
have been prepared|under|under|
|---|---|---|---|---|---|---|---|
|the Charities|Act2011|and in accordance with the Church Accounting
Regulations 2006 governing
the individual||||||
|accounts of|PCCs, and with the Regulations'
"true and fair view" provisions,
together
with FRS102(2016)as the|||||||
|applicable
accounting||standards
and the 2016version ofthe Statement ofRecommended
Practice, Accounting||||and||
|Reporting
by Charities||(SORP(FRS102)).||||||
|The financial statements|||have been prepared
under the historiical cost convention.|||||
|incoming Resources||||||||
|Recognition|ofincome||These are included
in the Statement of Financial Activities (SOFA) when:|||||
||||1.the PCC becomes legally entitled to the use ofthe resources;|||||
||||2.and inflow ofeconomic benefit is probable; and|||||
||||3.the monetary
value can be measured
with sufficient
reliability|||||
|Fundraising|costs||Funds raised from events and trading activities (e.g.a fete, a garden|party or sales|ofbooks|||
||||and magazines)
are reported gross in the SOFA —i.e., before any related costs that may|||||
||||have been deducted
from the gross proceeds|||||
|Grants and|donations|||||||
||||Grants and donations
are included
in the SOFA when any pre-conditions|preventing
their use by||||
||||the PCC have been met. For collections and planned
giving this is when|the funds are received.||||
|Gift Aid Tax|claims, etc.,||Gift Aid and other tax claims are included
in the SOFA at the same time|as the cash donations|||to|
|on cash donations|||which they relate.|||||
|Volunteer
help|||The value ofany voluntaiy
help received is not included
in the accounts|but is described|in|the||
||||trustees'
annual
report.|||||
|Rental income|||Rental income from leMngs is recognised
when the rental isdue.|||||
|Investment|income||This is included
in the accounts when receivable.|||||
|Expenditure|and LiabilNes|||||||
|Liability recognition|||Liabilities are recognised as soon as there isa legal or constructive|obligation
and|settlement|||
||||is probable
and quantTiiable.|||||
|Grants payable without|||These are recognised
in the accounts when a commitment
has been made externally|||and||
|performance
conditions|||there are no pre-conditions
still to be met for entitlement
to the grant|which remain|within the|||
||||control ofthe PCC.|||||
|Assets||||||||
|Consecrated
and|||In sofar as consecrated
and benefice property ofany kind is excluded
from the statutory|||||
|benefice property|||definition of"charity" by Section 10(2)(a)and (c)ofthe Charities Act 2011such assets are|||||
||||not capitalised
in the financial statements|||||
|Moveable church|||As insufficient cost information
is available these items are not capitalised,
but are included|||in the||
|furnishings|||Church's
inventory.|||||
|Tangible fixed assets|||These are capitalised
ifthey can be used for more than one year, and cost at least||f1,000.|||
|for use by charity|||They are valued at cost. Depreciation
is calculated to write offthe capitalized cost offixed|||||
||||assets less their currently
anticipated
residual fair value over their estimated
useful||lives as|||
||||follows:|||||
||||~ Land 8 Buildings
Nil|||||
||||~Audiovisual
System
5years|||||
||||No depreciation
is provided
on buildings as the currently
estimated|residual
value|ofthe|||
||||properties
is not less than their carrying value and the remaining
useful
life ofthese asSets|||||
||||currently exceeds 50years, so that any depreciation
charges would|be immateriial.||||
|Short term|deposits||These include cash held on deposit either with the CBFChurch of England
Funds||or|at the||
||||bank.|||||
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