OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

Council

REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 REGISTERED CHARITY NUMBER : 1129125

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Contents

Report of the Trustees ..................................................................................................................................... 3 Independent Examiner’s Report to the Trustees of Stoke Poges PCC ..................................................... 9 Statement of Financial Activities ................................................................................................................. 10 Balance Sheet ................................................................................................................................................ 11 Notes to the Financial Statements .............................................................................................................. 12

2

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Report of the Trustees

The Stoke Poges Parochial Church Council (PCC) members (the trustees), present their annual report and accounts for the year ended 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice “Accounting and Reporting by Charities” (FRS 102) in preparing the annual report and financial statements of the charity.

REFERENCE AND ADMINISTRATIVE DETAILS

Registered Charity number

1129125

Registered office

St Andrew's Church Centre Rogers Lane Stoke Poges Buckinghamshire SL2 4LN

Trustees

The Revd. Natasha Brady Mr John Wheatley Mr Simon McDowell Mr Paul Elderfield Mr Mark Wells Mrs Jennifer Pickering Mr Richard Beckingsale Mr Nigel Lowe Mrs Kate Holliday Mrs Rachel McCarthy

Incumbent, Ex officio

Churchwarden, Acting Treasurer and Deanery Synod Representative Churchwarden and PCC Secretary

Deanery Synod Representative (until December 2020) Deanery Synod Representative

Until July 2020

Independent Examiner:

Roger Webb AMCA 9 Barrs Road Taplow SL6 0LE

Principal Bankers:

CAF Bank Ltd. 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

3

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

STRUCTURE, GOVERNANCE AND MANAGEMENT

Introduction

These financial statements cover the Stoke Poges Parochial Church Council (PCC) Charity Number 1129125. The purpose of the charity is to promote the whole mission of the church in the ecclesiastical parish.

Public benefit

The trustees have had due regard to the Charity Commission Guidance on public benefit and confirm that the charity’s objectives benefit the public in a number of ways i.e. the provision of regular public worship and a sacred space for private prayer and/or contemplation; activities for all ages including a supper club for the over 55s, opportunities for men’s and women’s fellowship, a toddler group and the provision of space for a large number of community groups as well as a coffee shop where people can drop in and also learn skills; the provision of facilities where people can learn to sing and ring bells; the financial and spiritual support of other charities at home and abroad.

Recruitment and appointment of new trustees

The PCC is formed under the Parochial Church Council (Powers) Measure 1956 and the appointment of its members is governed by and set out in the Church Representation Rules of 2005 as amended.

PCC members are recruited in a number of ways. Clergy are members by virtue of their office as beneficed to or licensed to the parish. Churchwardens are also members by virtue of their office and are elected by all parishioners at the Annual Parochial Church Meeting (APCM) under the Churchwardens’ Measure 2001 and can serve for a maximum of six years at one time. Deanery Synod Members are members by virtue of their office and are elected at the APCM by those church members who are registered on the electoral roll. They together with other members elected in the same way may hold office for three years and may be re-elected.

Trustee Training

Trustees are offered training during their period of office. New trustees are provided with an induction course at their request together with copies of relevant Diocesan and Charity Commission guidance, PCC policies and statements of accounts.

Organisational structure

The Council had five formal meetings in 2020, three in person and two by videoconference during the COVID19 lockdown (2019: eight, mostly during the interregnum) and normally holds an Away Day in June for a deeper exploration of spiritual needs for the parish, although this was cancelled in 2020. Average attendance is over 80%. Any decision of the Council is by majority and the quorum at each meeting is one third of its members. PCC discussions in 2020 concentrated on the management of the parish and on growing our congregation.

There are two sub-committees – Standing and Finance and Property Management. Those committees can take decisions as delegated to them by the PCC. During 2020, the standing and finance committee met once and the property committee met twice.

Risk management

The trustees have reviewed risks the charity could face including theft, fraud, health and safety, food handling, data protection, safeguarding, loss of utilities, loss of records, breach of confidentiality, conflicts of interest and press mis-reporting and have put in place measures aimed at managing those risks. Its policies are reviewed on a regular basis.

The PCC has complied with the duty under s.5 Safeguarding and Clergy Discipline Measure 2016 which imposes a duty to have due regard to the House of Bishops’ guidance on safeguarding children and vulnerable adults. Trustees have undergone training in this respect and safeguarding is listed as an agenda item at each meeting.

4

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

ACHIEVEMENT AND PERFORMANCE

During 2020, the Rev. Natasha Brady completed her second year ministering to us in this parish. The PCC is grateful to the progress she has made on community relations, helping the lonely and in deepening our faith as a church. It was an exceptional year, due to the COVID pandemic, where the minister and her team collaborated well to give support to one another and the wider community.

The church wishes to play as full a part as possible in community activities and enable everyone to attend services at both St Andrew’s and St Giles’ or visit St Giles’. The government guidance and lockdowns changed the way that church played its part, but we managed to remain available either in person, online or via the telephone throughout 2020 according to the restrictions in place at that time.

Our major community activities in 2020 centred around meeting the spiritual, social and wellbeing needs of our Parish. We worked in collaboration with local stakeholders to provide a village food bank and delivered ‘wellbeing baskets’ to over 150 residents. We also fund-raised to provide amenities for Wexham Park Hospital, and baked cakes for the Nurses in Hillingdon Hospital. We created a pastoral network to keep in contact with the isolated and lonely and in September 2020, a Support group for new parents and babies was started: Baby Steps. We were able to gather the community for a Thanksgiving Service in conjunction with the Memorial Gardens, a restricted Remembrance Day service and offer COVID-secure Christmas Services. We turned our Senior Citizen’s lunch into a Hamper, delivering 130 to villagers.

Our church continues to seek out opportunities to bring others to faith, through the Alpha Course, friendship evangelism and Pastoral Support and Facebook LIVE services. Our fringe ministries that rely on face to face meeting has been put on hold until the Pandemic and the restrictions ease.

During the year the church has still managed, despite the climate, to officiate at many of the milestones of life. Through baptism, God is thanked for the gift of life; in marriage, public vows are exchanged with God’s blessing; and through funeral services, family and friends can express their grief and give thanks for the life of the departed, commending the person into God’s keeping. Two baptisms, two weddings, five funerals and six burials of ashes were conducted.

There are 95 parishioners on the electoral roll of the church, 27 of whom are not resident within the parish. Two names were added during the year and no one was removed. Most members attend church on Sunday and there is increased participation at church festivals and special services. 119 attended Christmas Services in 2020, despite the restrictions in place.

For further details on the years’ activities see the church website: www.stokepogeschurch.org.

Charitable activities

As well as conducting its usual activities the charity has:

Criteria used to measure performance

The PCC measures its success by:

5

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

FINANCIAL REVIEW

The results of the PCC for the year ended 31 December 2020 are set out in the attached financial statements.

The COVID19 pandemic has been challenging financially for the PCC as well as operationally. As the pandemic took hold, we could no longer rely on two key sources of revenue – lettings from the St Andrew’s halls and donations from services, weddings and funerals. Costs would also have to be managed where possible, despite the admin pressures to convert to a virtual service format.

The PCC is enormously grateful for the generosity from its donors, volunteers and contractors, who have pulled together and whilst our income fell by only 9%, our costs were down by 16%, meaning that we made a small surplus for the year.

Income

A significant proportion of the income generated each year comes from hiring out three rooms at St Andrew’s: the Main Hall, the Youth Hall and the Hastings Room. This was simply not possible for most of 2020 and consequently the income from lettings was £20,000 lower, or one-third of the amount in 2019. Other major falls in income were from collections, church boxes and fees, which dropped by £7,500 in total or around half of the 2019 figure.

But we were Blessed by the generosity of our donors giving in other ways. Planned giving, through Standing Orders, and unrestricted Sundry Donations, were each up by £4,000 (15%) and there were gifts to Restricted Funds to further increase the Sundry Donations total. Rental income from the two flats above St Andrew’s Centre was up slightly due to inflationary rental increases and no void periods. They accounted for around 18% of our total 2020 income. Our income tax recovery was up by £7,000, although part of this was not received until 2021, it all helped.

Overall, despite much lower coffee shop income and interest from our Restricted Fund accounts, our income for the year was £20,000 (12%) lower than in 2019. We are thankful that our income reduction was only this much lower, when at some points during the year it looked a lot worse.

Expenses

As the pandemic took hold, the PCC found that some expenses naturally reduced: with no hall hires, we needed less cleaning, but the caretaker did need to continue to sanitise the building when before and after services, when we were allowed to have them.

Moving to online services, using podcasts and then live services via Zoom or YouTube, meant that our expenses on church admin increased as licences were required. Much of the effort of putting the online services together was done by volunteers, so the PCC is grateful for the hours that they contributed to this new way of worshipping.

The largest expense by far, remains our Parish Share, which increased by 3% in 2020. The Share covers clergy stipends and pensions and the training of ordinands and, despite the financial pressures on the PCC as the pandemic took hold, we maintained our payments throughout the year. The PCC considers it important to maintain our commitment to the Diocese and Deanery.

As in previous years, the PCC agreed to give 10% of our total Planned Giving to our partner charities, the Nepal Leprosy Trust and SHOC – Slough Homeless Our Concern. The Mission Giving was increased slightly as the PCC met the shortfall from the Village Store Cupboard, which, working with the Good Neighbour Scheme and the village council, helped vulnerable individuals and families within the Parish with food and other essential items during lockdown. The PCC is grateful to the church volunteers who helped set this up and run it for most of 2020.

Reserves policy

It is a PCC policy to maintain, if possible, a balance of unrestricted general funds in cash that is equivalent to three months’ operating costs to cover emergency situations that may arise from time to time.

6

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Funds

Funds may be unrestricted, designated, restricted or endowment. Unrestricted funds are funds available for the general objectives of the church, normally called general funds. Designated funds are unrestricted funds which the PCC has earmarked for a particular purpose e.g. youth work. Restricted funds can only be used for the specific purpose for which they were given within the objectives of the church e.g. St. Giles’ Fabric Fund for major repairs at that church.

Endowment funds are restricted funds which must be held permanently and the capital maintained and use of the income restricted. There are three permanent endowments: the Churchyard Fund, the Fenton Fund and the Rabbitt Memorial Fund, which pay dividends into the Churchyard and Choir funds.

Investments

The trustees remain cautious over the PCC’s investment strategy and are satisfied that they have taken appropriate steps to ensure that reserves are not placed at undue risk. During the period of this report and at the date of the balance sheet the majority of the PCC’s cash reserves are held in CBF Church of England short term deposit accounts. In order to achieve a higher rate of interest accounts were also held with the Redwood Bank and the Cambridge and Counties Bank.

The three Endowment funds and the Restricted Chancel Repair Fund are common Investment Funds managed by the Church of England Investment Fund.

Investment performance

The Endowment funds have all increased in value and continue to pay dividends to specified restricted funds. The Rabbitt Memorial Fund for the benefit of the church choir and music has increased in value by £777, The Churchyard Trust by £403 and the Fenton Trust for St Giles and its churchyard by £132.

Note on 2019 restatement

During the preparation and independent review of the 2020 accounts, it came to light that some transactions had been entered incorrectly or missed during the 2019 financial period. The total cash difference was £7,124, or 1% of our cash balance, and the net movement in funds for 2019 was reduced by £5,709. We have restated the 2019 comparatives to show the correct position.

FUTURE DEVELOPMENTS

The trustees wish to:

SIGNIFICANCE OF VOLUNTEERS TO THE CHARITY

The charity is reliant on volunteers to perform a variety of tasks from preaching, leading courses, teaching, undertaking treasury functions, cleaning, flower arranging, maintaining the churchyard, performing minor building maintenance, managing and serving in the coffee shop, managing lettings to organising and helping out at events. The charity would find it impossible to operate the range of activities without their generosity of time.

7

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

STATEMENT OF TRUSTEES RESPONSIBILITIES

The trustees are responsible for preparing the Report of the Trustees and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England and Wales, the Charities Act 2011, Charity (Accounts and Reports) Regulations 2008, Church Accounting Regulations 2006, require the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources, including the income and expenditure, of the charity for that period. In preparing those financial statements, the trustees are required to

The trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the Stoke Poges Parochial Church Council on 8 July 2021 and signed on its behalf by:

Chairman, Stoke Poges PCC

8

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Independent Examiner’s Report to the Trustees of Stoke Poges PCC

I report on the accounts for the trustees on my examination of the accounts of Stoke Poges PCC for the year ended 31 December 2020 as set out on pages 10 to 21.

Responsibilities and basis of report

As the charity trustees, you are responsible for the preparation of the accounts in accordance with the Charities Act 2011 (the Act).

I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in any material respect:

I have no concerns and have come across no matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Date: 8 July 2021

Roger Webb AMCA 9 Barrs Road Taplow SL6 0LE

9

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Statement of Financial Activities

(INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT) FOR THE YEAR ENDED 31 DECEMBER 2020

Notes
Unrestricted
funds
£
Designated
funds
£
Restricted
funds
£
Endowment
funds
£
INCOME
Donations and legacies
2
90,518
-
10,226
-
Charitable Activities: Church
3
14,765
-
-
-
Other trading activities
4
25,435
-
-
-
Investments
5
192
363
6,300
-




Total income and endowments
130,910
363
16,526
-




EXPENDITURE
Costs of raising funds
Fundraising
6
912
-
54
-
Trading Activities
6
651
-
-
-
Expenditure on Charitable
Activities: Church
7
111,601
-
29,299
-




Total expenditure
113,164
-
29,353
-
(Losses)/Gains on investments
-
638
-
1,312




Net income/(expenditure)
17,746
1,001
(12,827)
1,312
Transfers between funds
-
-
-
-




Net movement in Funds for the year
17,746
1,001
(12,827)
1,312
Reconciliation of funds
Total funds brought forward
89,163
13,698
907,889
19,081




Total Funds Carried Forward
106,909
14,699
895,062
20,393



_ _		 2020 Total
funds
£
2019 Total
funds
£
100,744
88,572
14,765
38,355
25,435
29,568
6,855
10,936


147,799
167,431


966
1,152
651
4,008
140,900
164,953


142,517
170,113
1,950
3,007


7,232
325
-
-


7,232
325
1,029,831
1,029,506


1,037,063
1,029,831

_ _

The notes set out on pages 12 to 21 form part of these financial statements.

10

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Balance Sheet

AT 31 DECEMBER

Notes
Fixed assets
Tangible assets
12
Investments
13
Current assets
Stock
14
Debtors
15
Cash at bank and in hand
Creditors
Amounts falling due within one year
16
Net current assets
Total assets less current liabilities
Net Assets
Funds
18
Unrestricted funds
Designated funds
Total unrestricted funds
Restricted funds
Endowment funds
Total Charity Funds		 2020
£
298,795
23,406

322,201

-
14,481
705,779

720,260

(5,398)

714,862

1,037,063

1,037,063

106,909
14,699

121,608

895,062
20,393

1,037,063
_ _		 2019
£
322,772
21,456
_ _
344,228
_ _
265
6,434
684,142
_ _
690,841
_ _
(5,238)
_ _
685,603
_ _
1,029,831
_ _
1,029,831
_ _

89,163
13,698
_ _
102,861
_ _
907,889
19,081
_ _
1,029,831
_ _

The financial statements have been prepared in accordance with the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” (FRS102) and were approved by the Stoke Poges Parochial Church Council on 8 July 2021 and were signed on its behalf by:

Chairman, Stoke Poges PCC

Registered Charity Number: 1129125

11

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Notes to the Financial Statements

1. ACCOUNTING POLICIES

The Financial Statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and Statement of Recommended Practice “Accounting and Reporting by Charities”(FRS 102).

The statements include all transactions, assets and liabilities for which the Parochial Church Council is responsible in law. The statements do not include the accounts of church groups that owe their main affiliation to another body or those that are informal gatherings of church members.

Charity’s legal form

This charity is a Parochial Church Council. The registered office is given on page three. The charity is a public benefit entity.

Accounting convention

The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.

These financial statements are presented in £s and are rounded to the nearest £.

Going Concern

All activities and forecasts indicate that the charities should be able to operate at adequate levels of both liquidity and capital. The trustees are satisfied, therefore, that there are sufficient resources to operate on a going concern basis and that no material uncertainties exist in this regard.

Incoming resources

Recognition of incoming resources

These are included in the Statement of Financial Activities (SOFA) when:

Fundraising costs

Funds raised from events and trading activities are reported gross in the SOFA, ie before any related costs may have been deducted from the gross proceeds.

Grants and donations

Grants and donations are included in the SOFA when any preconditions preventing their use by the PCC have been met. For collections and planned giving it is when the funds are received.

Gift Aid tax claims etc. on cash donations

Gift Aid and other tax claims are included in the SOFA at the same time as the cash donations to which they relate.

Volunteer help

The value of any voluntary help received is not included in the accounts but it is described in the trustees' annual report.

Rental income

Rental income from the letting of church premises is recognised when the rental is due.

Investment income

This is included in the accounts when receivable .

12

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Investment gains and losses

This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.

Resources expended

Expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for goods or services. All costs have been directly attributed to the various categories within the SOFA. As the church is not registered for VAT, all expenditure is shown inclusive of VAT. Grants and charitable giving are accounted for when paid over or when awarded, if the award creates a binding obligation on the PCC. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA.

Liability recognition

Liabilities are recognised as soon as a legal constructive obligation arises.

Support costs

Include costs of the preparation and examination of statutory accounts, the costs of trustee meetings and costs of any legal advice to trustees on governance or constitutional matters.

Grants payable without performance conditions

These are recognised in the accounts when a commitment has been made externally and there are no preconditions still to be met for entitlement to the grant which remain within the control of the PCC.

Allocation and apportionment of costs

Costs are apportioned between multi-purpose activities based on the trustee's best estimate of allocation of resources.

Assets

Stocks

Stock is valued at the lower of cost or realisable value and represents goods for resale in the PCC's coffee shop and book stall.

Consecrated and benefice property

Consecrated and benefice property of any kind is excluded from the financial statements by Section 10(2) (a) of the Charities Act 2011. The freehold of St. Andrew's is included at its cost at the time it was donated to the PCC by Reverend Bryant Bevan in 1960 as is the freehold of a piece of land adjacent to the St. Andrew's Centre. To this has been added the cost of the youth hall extension at the time of build. 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 as such are not included in the financial statements.

Tangible fixed assets for use by charity

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Land - Nil Buildings - 5% on cost Fixtures and fittings - 25% on cost Cost is the measurement basis for determining the gross carrying amount.

Investments

Investments quoted on a recognised stock exchange or whose value derives from them are valued at market value at year end. Other investment assets are included at trustee's best estimate of market value.

Debtors and creditors receivable/payable

Debtors and creditors with no stated interest rate and receivable or payable within one year

13

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.

Funds

Unrestricted funds

These are funds available for the general objectives of the church, normally called general funds.

Designated funds

These represent unrestricted funds which the PCC has earmarked for a specific purpose eg. churchyard work.

Restricted funds

These can only be used for the purposes for which they were given; within the objectives of the church eg. St. Giles fabric fund is for major repairs at St. Giles.

Endowment funds

These are restricted funds which must be held permanently and the capital maintained and use of the income restricted e.g. the Fenton and Churchyard funds for the upkeep of the churchyard and the Rabbitt Memorial Fund for the upkeep of the choir and maintenance of the organ at St. Giles.

2. DONATIONS AND LEGACIES (restricted and unrestricted)

Planned giving
St Giles collections
St Andrews collections
Other donations
Recurring grants
Church boxes
Income tax recovered
Legacies
Grants received		 2020
£
33,189
1,551
2,150
41,273
-
572
22,009
-
-

100,744
_ _		 2019
£
29,842
3,695
4,210
26,080
50
1,390
14,639
-
8,666
_ _
88,572
_ _

3. INCOME FROM CHARITABLE ACTIVITIES

CHURCH ACTIVITIES
Junior Church
Fees – Weddings etc
St Andrews Lettings
Bell ringers		 2020
£
110
4,642
10,013
-

14,765
_ _		 2019
£
810
7,701
29,029
815
_ _
38,355
_ _

14

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

4. OTHER TRADING ACTIVITIES

Fund raising income
Merchandise sales
Rent
Coffee shop sales		 2020
£
44
-
24,369
1,022

25,435
_ _		 2019
£
209
-
22,648
6,711
_ _
29,568
_ _

5. INVESTMENTS

Interest received
Dividends
. COSTS OF RAISING FUNDS
Coffee shop cost of sales
Merchandise cost of sales
Social expenses		 2020
£
656
6,199

6,855

2020
£
385
266
966

1,617
_ _		 2019
£
637
10,299
_ _
10,936
_ _
2019
£
3,894
114
1,152
_ _
5,160
_ _

6. COSTS OF RAISING FUNDS

15

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

7. EXPENDITURE ON CHARITABLE ACTIVITIES

Mission
Senior citizens
Diocesan share
Deanery share
Church admin
Church Office Expenses
Parochial Clergy
Outreach
Audio Visual
Flowers
Insurances
Organ and Piano Tuning
Routine Maintenance - Fabric
Sacristy
Upkeep of Churchyard
Verger – St Giles
Organist
Choir
Bellringers Expenses
Junior Church Expenses
St Andrews heat and light
St Giles heat and light
Caretaker – St Andrews
Hall expenses
Major Repairs – St Giles'
Major Repairs – St Andrew's centre
Depreciation – St Andrew’s Centre
Support costs (see note 8)
St Andrew’s new build
 Non-cash item		 2020
£
3,768
2,123
61,800
618
10,364
582
299
612
2,202
25
7,289
360
284
232
90
30
750
-
407
-
6,140
7,269
7,060
659
2,268
480
23,977
1,212
-

140,900
_ _		 2019
£
3,702
2,827
60,000
600
6,997
1,606
1,829
849
3,383
417
7,134
680
1,606
270
358
235
3,225
152
-
5
7,190
4,352
9,925
2,831
9,515
429
27,908
3,330
3,598
_ _
164,953
_ _

8. SUPPORT COSTS

Bank charges
Other management costs
Governance costs		 2020
£
116
1,096
-

1,212
_ _		 2019
£
55
1,475
1,800
_ _
3,330
_ _

9. NET INCOMING/(OUTGOING) RESOURCES

Net resources are stated after charging/(crediting):

Independent Examiner’s fees
Depreciation of owned assets		 2020
£
-
23,977
_ _		 2019
£
1,800
27,908
_ _

16

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

10. TRUSTEES' REMUNERATION AND BENEFITS

During the year no trustee received any remuneration or benefits in their capacity as a trustee. (2019: £nil).

Trustees' Expenses

Six trustees were reimbursed a total of £7,799 for directly incurred miscellaneous expenses (travel, telephone, training, postage, church office, junior church and social, verger and hall) (2019: £5,217).

See related party disclosures at note 19.

11. STAFF COSTS

The PCC has no employees and no staff costs paid for the year ended 31 December 2019 or for the year ended 31 December 2020.

12. TANGIBLE FIXED ASSETS

Land and buildings
Fixtures and fittings
£
£
COST
At 1 January 2020
558,168
4,176
ADDITIONS
Additions
-
-


At 31 December 2020
558,168
4,176


DEPRECIATION
At 1 January 2020
235,396
4,176
Charge for the year
23,977
-


At 31 December 2020
259,373
4,176


NET BOOK VALUE
At 31 December 2020
298,795
-


At 31 December 2019
322,772
-

_ _		 Total
£
562,344
-
_ _
562,344
_ _
239,572
23,977
_ _
263,549
_ _
298,795
_ _

322,772
_ _

17

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

13. FIXED ASSET INVESTMENTS

Chancel
Repair Fund
Rabbit
Memorial
Fund
Fenton
Memorial
Fund
Churchyard
Fund
£
£
£
£
Market value
At 1 January 2020
2,375
11,300
1,916
5,865
Net unrealised gains
638
777
132
403




At 31 December 2020
3,013
12,077
2,048
6,268




Cost
At 31 December 2020
500
5,000
80
250



_ _		 Total
£
21,456
1,950
_ _
23,406
_ _
5,830
_ _

The above funds are invested in professionally managed common Investment Funds.

14. STOCKS

Goods for resale 2020
£
-
_ _		 2019
£
265
_ _

All goods for resale are held for use within the coffee shop and bookstall.

15. DEBTORS

Prepayments
Accrued income
Other debtors		 2020
£
1,830
7,201
5,450

14,481
_ _		 2019
£
1,798
-
4,636
_ _
6,434
_ _

16. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

Trade creditors
Accruals		 2020
£
-
5,398

5,398
_ _		 2019
£
438
4,800
_ _
5,238
_ _

18

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

17. ANALYSIS OF NET ASSETS BETWEEN FUNDS

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Unrestricted|Designated|Restricted|Endowment|2020 Total|2019 Total| |funds|funds|funds|funds|funds|funds| |£|£|£|£|£|£| |Fixed assets|-|-|298,795|-|298,795|322,772| |Investments|-|3,013|-|20,393|23,406|21,456| |Current assets|114,332|11,686|594,242|-|720,260|690,841| |Current liabilities|(7,423)|-|2,025|-|(5,398)|(5,238)| | | | | | | | |Net assets|106,909|14,699|895,062|20,393|1,037,063|1,029,831| | | | | | | |

----- End of picture text -----

18. MOVEMENT IN FUNDS

----- Start of picture text -----
|||||| |---|---|---|---|---| |At 1 January|Net movement|Transfers|At 31 December| |2020|in funds|between funds|2020| |£|£|£|£| |Unrestricted funds| |General Fund|89,163|17,746|-|106,909| |Designated Funds| |Chancel Repair|2,375|638|-|3,013| |Upkeep of Choir|5,642|363|-|6,005| |-|-| |Upkeep of Churchyard|5,681|5,681| |Restricted Funds| |Fabric St Giles’|152,200|5,317|-|157,517| |Upkeep of Churchyard|6,458|548|-|7,006| |Maintenance of Church and Centre|407,234|5,218|-|412,452| |-| |Maintenance of Organ|3,854|(344)|3,510| |Senior Citizens|5,032|843|-|5,875| |Youth|333|-|-|333| |St Andrew’s|332,778|(24,409)|-|308,369| |Endowment Funds| |Fenton Memorial|1,916|132|-|2,048| |Churchyard|5,865|403|-|6,268| |Rabbit Memorial|11,300|777|-|12,077| | | | | | |TOTAL FUNDS|1,029,831|7,232|-|1,037,063| | | | | |

----- End of picture text -----

19

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Net movement in funds, included in the above are as follows:

Incoming
resources
Resources
expended
Gains and (losses)
Movement
£
£
£
Unrestricted funds
General Fund
130,910
113,164
-
Designated Funds
Chancel Repair
-
-
638
Upkeep of Choir
363
-
-
Upkeep of Churchyard
-
-
-
Restricted Funds
Fabric St Giles’
7,586
2,269
-
Upkeep of Churchyard
638
90
-
Maintenance of Church
and Centre
5,218
-
-
Maintenance of Organ
16
360
-
Senior Citizens
3,020
2,177
-
Youth
-
-
-
St Andrew’s
48
24,457
-
Endowment Funds
Fenton Memorial
-
-
132
Churchyard
-
-
403
Rabbit Memorial
-
-
777



TOTAL FUNDS
147,799
142,516
1,950


_ _		 in funds
£
17,746
638
363
-
5,317
548
5,218
(344)
843
-
(24,409)
132
403
777
_ _

7,232
_ _

19. RELATED PARTY DISCLOSURES

The total amount of donations received without conditions from Trustees and other related parties was £23,246 (2019: £21,392).

20

STOKE POGES PCC - ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

20. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES

The following gives the 2019 Statement of Financial Activities’s income and expenditure detail.

Notes
Unrestricted
funds
£
Designated
funds
£
Restricted
funds
£
Endowment
funds
£
INCOME
Donations and legacies
2
86,265
-
2,307
-
Charitable Activities: Church
3
37,470
-
885
-
Other trading activities
4
29,568
-
-
-
Investments
5
2,955
370
7,611
-




Total income and endowments
156,258
370
10,803
-




EXPENDITURE
Costs of raising funds:
Fundraising
6
1,152
-
-
-
Trading Activities
6
4,008
-
-
-
Expenditure on Charitable
Activities: Church
7
122,942
152
41,859
-




Total expenditure
128,102
152
41,859
-



_ _		 2019 Total
funds
£
88,572
38,355
29,568
10,936

167,431

1,152
4,008
164,953

170,113
_ _		 2019 Total
funds
£
88,572
38,355
29,568
10,936

167,431

1,152
4,008
164,953

170,113
_ _
167,431
_ _
1,152
4,008
164,953
_ _
170,113
_

21