| Contents | Page | ||
|---|---|---|---|
| Legal and administrative information |
|||
| Council Membership | |||
| Trustees' Annual Report |
|||
| Aims and Purposes | |||
| Objectives and Activities | |||
| Achievements and Performance |
|||
| Review of Financial Activities | and Affairs | 10 | |
| Structure, Governance |
and Management | ||
| Statement of Responsibilities | of PCC Members | 12 | |
| Independent Examiner's report |
13 | ||
| Statement offinancial activities |
14 | ||
| Balance sheet | 15 | ||
| Cash flow statement | 16 | ||
| Notes to the accounts | 17 |
| tak | en about o | ur expenditure going f |
orwar | d. | |||
|---|---|---|---|---|---|---|---|
| In | summary: | Cash reserves | F331,243 | ||||
| Of | which | Restricted funds |
E 26,462 | ||||
| Two month's expenditure |
F100,000 | ||||||
| Fabric fund | F 20,000 | ||||||
| 2020 one-off/capital | expend. | F 88,500 | |||||
| 2020 budget deficit | F 39,932 | Total | f274,894 | ||||
| Unallocated unrestricted |
reserves | F 56,349 |
| Unrestricted | Restricted | TOTAL | TOTAL | ||
|---|---|---|---|---|---|
| funds | funds | 2020 | 2019 | ||
| Note | |||||
| INCOME | |||||
| Voluntary income |
2(a) | 435,673 | 15,219 | 450,892 | 471,345 |
| Income from investments | 2(b) | 13,261 | 13,261 | 16,812 | |
| Church activities | 2(c) | 13094 | 13094 | 37 732 | |
| TOTAL INCOME | 462 028 | 15219 | 477247 | 525 889 | |
| EXPENDITURE | |||||
| Church activities | 476 381 | 12940 | 489 321 | 555 409 | |
| TOTAL EXPENDITURE | 476 381 | 12940 | 489 321 | 555 409 | |
| NET (LOSS)/SURPLUS BEFORE | |||||
| INVESTMENT GAINS | (14,353) | 2,279 | (12,074) | (29,520) | |
| NET GAINS ON INVESTMENTS | 11652 | ||||
| NET (LOSS)/SURPLUS AND | |||||
| MOVEMENT IN FUNDS |
(14,353) | 2,279 | (12,074) | (17,868) | |
| TRANSFER BETWEEN FUNDS | 1 764 | ~1764) | |||
| (12,589) | 515 | ||||
| TOTAL FUNDS BROUGHT FORWARD | 782 256 | 39999 | 822 255 | 840 123 | |
| TOTAL FUNDS CARRIED FORWARD | 769667 | 40 514 | 810181 | 822 255 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Notes | |||||||
| FIXEDASSETS | |||||||
| Tangible | 482,435 | 498,732 | |||||
| Investments | |||||||
| 482,435 | 498,732 | ||||||
| CURRENT ASSETS | |||||||
| Debtors and prepayments | 5,246 | 32,634 | |||||
| Cash at bank and | in | hand | 331243 | 299332 | |||
| 336,489 | 331,966 | ||||||
| LIABILITIES | |||||||
| Creditors —amounts | falling due | ||||||
| within one year | 10 | (8743) | (8443) | ||||
| NET CURRENT ASSETS | 327 748 | 323523 | |||||
| TOTAL NET ASSETS | 810181 | 822 255 | |||||
| PARISH FUNDS | |||||||
| Unrestricted | 769,667 | 782,256 | |||||
| Restricted | 40 514 | 39999 | |||||
| 810181 | 822 255 |
| CASH FLOW STATEMENT AT 31 | CASH FLOW STATEMENT AT 31 | DECEMBER 2020 | |||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Net cash from operating activities |
22,643 | (44,448) | |||
| Cash flows from investing | activities | ||||
| Interest and rent from investments | 13,261 | 16,812 | |||
| Realisation on sale |
of investments | 173,962 | |||
| Fixed asset investments | ~3993) | ~9809) | |||
| Net cash arising from/ | |||||
| (used in) investing activities |
9268 | 180965 | |||
| Change in cash and cash |
equivalents | in | |||
| the reporting period |
31,911 | 136,517 | |||
| Cash and cash equivalents | at 1 January | 299332 | 162815 | ||
| Cash and cash equivalents | at 31 December | 331 243 | 299 332 | ||
| Reconciliation ofnet income to net cash flow from operating |
activities | ||||
| Net income for the period | (12,074) | (17,868) | |||
| Adjustments for: |
|||||
| Depreciation charges |
20,290 | 20,739 | |||
| Gains on investments | (11,652) | ||||
| Interest and rent from investments | (13,261) | (16,812) | |||
| Decrease/(increase) in debtors |
27,388 | (13,470) | |||
| (Decrease)/Increase in creditors |
300 | ~5385) | |||
| Net cash utilised by operating activities |
22 643 | )44 448) | |||
| Analysis ofcash and cash | equivalents | ||||
| Cash in hand |
166 | 166 | |||
| Cash at bank | 331 077 | 299166 | |||
| 331243 | 299 332 |
| 2. | INCOME | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | TOTAL | TOTAL | ||||
| funds | funds | 2020 | 2019 | ||||
| 2(a) | Voluntary | income | |||||
| Planned giving: |
Gift Aid donations | 327,451 | 9,428 | 336,879 | 338,051 | ||
| Tax recoverable | 78,348 | 2,357 | 80,705 | 93,475 | |||
| Other | 23,645 | 2,434 | 26,079 | 15,415 | |||
| Legacies | 1,000 | 1,000 | |||||
| Collections: | (open plate) | 5,229 | 5,229 | 23,404 | |||
| Grants | 1 000 | 1 DDD | 1 000 | ||||
| 435 673 | 15219 | 450 892 | 471 345 | ||||
| 2(b) | Income from investments | ||||||
| Rent received | 11,250 | 11,250 | 14,400 | ||||
| Bank interest | 2 011 | 2 011 | 2412 | ||||
| 13261 | 13261 | 16812 | |||||
| 2(c) | Income from church activities | ||||||
| Fees for occasional services | 8,794 | 8,794 | 14,627 | ||||
| Under 30s | 3,042 | 3,042 | 19,903 | ||||
| Church and |
Parish Room lettings | 25 | 25 | 225 | |||
| Parish-wide | events | 18 | 18 | 911 | |||
| Other | 1 215 | 1 215 | 2 066 | ||||
| 13094 | 13094 | 37 732 |
| 3. | EXPENDITURE | ||||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | TOTAL | TOTAL | ||||||
| funds | funds | 2020 | 2019 | ||||||
| Notes | |||||||||
| Church activities | |||||||||
| Missionary and charitable |
giving | 45,900 | 45,900 | 50,000 | |||||
| Diocesan parish share | 198,797 | 198,797 | 194,875 | ||||||
| Staff employment | costs | 5 | 130,993 | 130,993 | 145,062 | ||||
| St Michael's/St Andrew' s/Parish |
Rooms | utilities | 17,152 | 17,152 | 13,487 | ||||
| Congregational costs |
7,150 | 7,150 | 33,384 | ||||||
| Training | 54 | 1,250 | 1,304 | 3,761 | |||||
| Clergy expenses | 4,479 | 4,479 | 4,882 | ||||||
| Clergy house upkeep | 4,042 | ||||||||
| Hardship Fund |
2,400 | 2,400 | 530 | ||||||
| Messy Lunch | 2,603 | 2603 | |||||||
| Under 30s | 2,467 | 2,467 | 17,091 | ||||||
| Parish-wide events |
4,761 | 4,761 | 10,045 | ||||||
| Occasional service | fees | paid to | Diocese | 5,897 | 5,897 | 8,528 | |||
| Independent examiner's |
fees | 2,760 | 2,760 | 2,760 | |||||
| CCLI licences | 2,974 | 2,974 | 2,770 | ||||||
| Office and administration | 16,033 | 16,033 | 17,118 | ||||||
| Property maintenance |
14,516 | 1,000 | 15,516 | 18,458 | |||||
| Insurance | 7,845 | 7,845 | 7,877 | ||||||
| Depreciation | 14603 | 5687 | 20 290 | 20 739 | |||||
| 476 381 | 12940 | 489 321 | 555409 |
| support, or to the church or |
charity itself, for i |
ts work and charitable ac |
tivities. | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | TOTAL | TOTAL | ||
| funds | funds | 2020 | 2019 | ||
| 2 the Nations | 7,300 | 7,300 | 6,000 | ||
| Clemisons (YWAM) |
6,100 | 6,100 | 7,000 | ||
| Milan &Shusma Adhikari Nepal |
6,000 | 6,000 | 6,000 | ||
| Krasif Aid | 5,100 | 5,100 | 5,450 | ||
| St Peter's Life-Line Kenya | 3,900 | 3900 | 4,150 | ||
| Hands On Houses (Australia) | 3,400 | 3,400 | 3,900 | ||
| Joel & Fiona Kelling (CMS) | 3,100 | 3,100 | 3,500 | ||
| Rabiah Aalam (CMS) | 3,000 | 3,000 | 3,000 | ||
| Laurence 8 Jane Knoop, OM |
1,500 | 1,500 | 1,000 | ||
| Debs Fenton (Metro Church) | 1,200 | 1,200 | 1,600 | ||
| Compassion | 1,372 | 1,372 | 600 | ||
| Tazmin Foster, YWAM | 1,200 | 1,200 | 500 | ||
| Aanandit Charity Centre |
900 | 900 | 700 | ||
| Rachel 8 Jonathan Schmidt |
(YWAM) | 800 | 800 | ||
| Seckin Ugur (Izrnir Church) | 400 | 400 | 1,000 | ||
| Operation Mobilisation |
300 | 300 | |||
| Tear Fund (tap twinning) | 120 | 120 | |||
| Christians Against Poverty (CAP) |
108 | 108 | 1,000 | ||
| Paul Scott (football mission | Uganda) | 100 | 100 | 100 | |
| Go MAD | 1,750 | ||||
| Nepal Churches (Nepal trip) |
1,000 | ||||
| CCOW | 750 | ||||
| Holy Land Institute for the Deaf |
500 | ||||
| Aanandit Church Nepal |
300 | ||||
| Sliven Baptist Church | 200 | ||||
| 45 900 | 45 9DQ | 5D 000 |
| Employment | costs | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | TOTAL | TOTAL | ||
| funds | funds | 2020 | 2019 | ||
| Wages and | salaries | 116,469 | 116,469 | 122,306 | |
| Employer's | Nl | 4,486 | 4,486 | 10,751 | |
| Pension contributions | 8,331 | 8,331 | 9,534 | ||
| Expense claims | 1 707 | 1 707 | 2 471 | ||
| 130993 | 130993 | 145062 |
| The average monthly number ofemployees (including temp |
orary staff) during the year was: |
|
|---|---|---|
| 2020 | 2019 | |
| Administration | 1.7 | 1.8 |
| Operations/Management | 0.3 | |
| Facilities | 0.7 | 0.8 |
| Youth and Children | 2.0 | |
| Minister (directly employed) | 1.0 | 1.0 |
| 5.4 | 5.6 |
| Tangible fixed assets | ||||
|---|---|---|---|---|
| Fixtures, | ||||
| Land and | Investment | Fittings and | ||
| Buildings | Property | equipment | Total | |
| E | E | |||
| Cost or valuation | ||||
| At 1 January 2020 | 31,390 | 435,000 | 240,821 | 707,211 |
| Additions | 3,992 | 3,992 | ||
| Disposals | ||||
| At 31 December 2020 | 31 39D | 435 000 | 244 813 | 711 2D3 |
| Depreciation | ||||
| At 1 January 2020 | 7,512 | 200,967 | 208,479 | |
| Charge for the year | 2,504 | 17,785 | 20,289 | |
| Written back on disposals | ||||
| At 31 December 2020 | 10016 | 218752 | 228 768 | |
| Net book value | ||||
| At 31 December 2020 | 21 374 | 435 DDD | 26 061 | 482 435 |
| At 31 December 2019 | 23 878 | 435 ODD | 39854 | 498 732 |
| Market value | |
|---|---|
| At 31 December 2020 | f435,000 |
| At 31 December 2019 | 6435,000 |
| At 31 December 2018 | F425,000 |
| CBFChurch of England | Investment | Fund —Accumulation | shares |
|---|---|---|---|
| Market value at balance | sheet date | of4,675.35shares |
| Debtors | |||
|---|---|---|---|
| 2020 | 2019 | ||
| F | F | ||
| Income tax | recoverable | 2,342 | 27,687 |
| Prepayments | and accrued income | 2904 | 4947 |
| 5246 | 32634 |
| Creditors: amounts falling due within one |
year | |
|---|---|---|
| 2020 | 2019 | |
| Accruals | 7,196 | 6,485 |
| Other creditors | 1 547 | 1 958 |
| 8743 | 8443 |
| on trust for s | pecific purpo | ses as listed | below: | |||
|---|---|---|---|---|---|---|
| Transfer | ||||||
| Balance at 1 | to | Balance at 31 | ||||
| January 2020 | Income | Expenditure | Unrestricted | December 2020 | ||
| Reordering | 11,751 | 3,917 | 7,834 | |||
| StAndrew' s | 2,972 | 743 | 2,229 | |||
| StAndrew's | Devt | 14,436 | 55 | 14,381 | ||
| Hardship fund |
4,640 | 7,466 | 2,400 | 9,706 | ||
| Roof protection | 250 | 250 | ||||
| Churchyard | 1,000 | 1,000 | ||||
| St Michaels's | organ AV | 3,551 | 497 | (1,764) | 1,290 | |
| Furniss legacy | 1,000 | 100 | 900 | |||
| StAndrew's | lectern | 1,250 | 125 | 1,125 | ||
| Growing leaders | 1,250 | 1,250 | ||||
| Autumn Club |
242 | 242 | ||||
| Messy lunch | 149 | 5261 | 2603 | 2807 | ||
| 39999 | 15219 | 12940 | (~1764 | 40 514 |
| Unrestricted | Restricted | |||
|---|---|---|---|---|
| funds | funds | Total | ||
| Fund balances at | 31 December 2020 are represented | by: | ||
| Tangible fixed assets | 468,562 | 13,873 | 482,435 | |
| Current' assets | 309,848 | 26,641 | 336,489 | |
| Creditors: amounts | falling due within one year | ~8743) | ~8743 | |
| 769667 | 40 514 | 810181 |