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2020-12-31-accounts

PAGE
Background. . .2
Safeguarding
Duty.
.2
PCC Membership
..
.3
PCC Structure. 4
Benefice .. .4
Fairtrade
..
.4
Electoral Roll, ..4
Wardens'
Report.
.4
PCC Review ofthe Year.. .5
Reports from PCC Committees. ....................
Children
& Families. .
.6
..6
Communications. ..7
Discipleship. . ..7
Mission
(including
Nominated
Social Outreach ..
Charities) .. ..6
9
Pastoral Care. ..9
Reading Room Management.
Worship. ..
10
10
Other Reports.
Educational
Foundation ..
..10
...... 10
Church Fabric & Furnishings. 11
Church Watch .. 11
Deanery Synod. .. 11
Flower Guild... 12
Lent Lunches. 12
Rendezvous. .. 13
Stewardship
Recorder's
Report. ......13
Treasurer's
Financial Report ....
..13
Rector's Review ofthe Year . ..15
Mission Action Plan Pre and Post Covid .. ..17
Independent
Examiner's
Report. ..18
Statement
of Financial
Activity . ..19
Balance Sheet.. 20
Notes to the Accounts. .. ......21

During 2020 the following following served as members:
Incumbent; Rev. Ian Brown
Eileen Baldwin
Hannah
Tew (to 21 October
2020)
Rachel Leonard
(sworn
in on 1 November 2020 but effectively from 21 October 2020)
Depuly Churchwarden Melainta Teahan
Lay Chairman John Southworth
(from
10July 2019)
Deanery Synod Represenfafives:
Mary Bentall
Margaret
Carey
Maren Saville (to 21 October 2020)
Roy Stroomer (to 21 October 2020)
Hannah
Tew (from 21 October 2020)
PCC Members:
Gordon
Bull had
resigned and then, sadly, died in May 2020. Joseph Wiggin was co-opted as a Lay member on 15
January
2020 and Chris
("APCM") on 21 October
Neville
on 4 June 2020. With effect from
2020 Melonie
Calam and Gillian
Cranefield
the 2020 Annual
Parochial
Church
having
served the three-year
term,
Meeting
ceased
PCC membership. Mr Button ceased PCC membership having been elected to serve for the allowed further period
after conclusion of his three-year
term at 10 April
2019.The continuing
PCC
elected members were thus Michael
Baldwin,
Margaret
Dykes, Edward
Fitch, Bridget
Paice, Phillip
Rutter, John
Southworth, Keith Wood-Smith and
Sylvia Valentine. At the 2020 APCM Christopher Neville and Joseph Wiggin, having been co-opted to the PCC in
2020 until the date ofthe APCM and having been nominated were elected for three-year terms. Janelle Stevenson
and Garry Walton having been nominated
were also elected
forthree-year terms. At the PCC meeting immediately
following
the 2020 APCM
Richard Bolton, Kate Southworth and Tracey Wiggin were co-opted to the PCC as lay
members.
At the APCM Melaine Teahan was again reappointed Deputy Churchwarden for the ensuing
year. During
2020 in
addition to the Churchwardens
the following were
Church Officers:
PCC Secretary: Richard Bolton
PCC Treasurer: Michael Baldwin
PCC Assistant Treasurer Sophie Bowles
PCC Minutes Secretary: Not formally
appointed
—a number of PCC members have filled the breach.
Summarising,
during 2020 —PCC elected members were:
To 21 October 2020 From 21 October 2020 At 31 December 2020
Richard
Bolton
Richard Bolton (co-opted) Richard Bolton (co-opted)
Melonie Calam Melonie Calam
Gillian Cranefield Gillian Cranefield
Margaret
Dykes
Margaret
Dykes
Margaret
Dykes
Edward
Fitch
Edward
Fitch
Edward Fitch
Bridget Paice Bridget Paice Bridget Paice
Philip Rutter Philip Rutter Philip Rutter
Sylvia Valentine Sylvia Valentine Sylvia Valentine
Michael Baldwin Michael
Baldwin
Michael Baldwin
John Southworth John Southworth John Southworth
Keith Wood-Smith Keith Wood-Smith Keith Wood-Smith
Christopher
Neville
Christopher
Neville
Co-opted from 15January 2020, then elected at 2020 APCM
Joseph Wiggin Joseph Wiggin Joseph Wiggin
Janelle Stevenson Janelle Stevenson
Garry Walton Garry Walton
Kate Southworth
(co-opted)
Kate Southworth (co-opted)
Tracey Wiggin (co-opted) Tracey Wiggin (co-opted)
The term of aco-opted member
is to the following
APCM when reappointment is permissible.

STATEMENT OF FINANCIAL STATEMENT OF FINANCIAL ACTIVITY IN THE YEAR ENDED 31 DECEMBER 2020 THE YEAR ENDED 31 DECEMBER 2020 THE YEAR ENDED 31 DECEMBER 2020 THE YEAR ENDED 31 DECEMBER 2020
Unrestricted Expendable
and Restricted & Total Total
Designated Funds Endowment 2020 2019
Funds Funds
INCOMING
RESOURCES
Voluntary
Receipts
4 95,308 593 95901 105840
Receipts from Fundraising 8,781 8,781 17,604
Receipts from Reading Room 1,525 1,525 4,904
Receipts from Church
Activities
770 770 2,588
Other Receipts 973 8,756 177 9,906 2,114
Total Receipts 107,357 9,349 177 116,883 133,050
PAYMENTS
Voluntary
Income Costs
3,575 3,575 4,600
Fundraising
Costs
10 4,573 146 4,719 8,312
Reading
Room Expenses
2,609 35 2,644 3,689
Church
Activities Costs
12 104,731 9,751 114,482 112,687
Management
and Administration
13 14,311 80 14,391 20,140
Other Costs 14 310 70 380 2,705
Total operating costs 130,109 10,082 140,191 152,133
Transfer between
funds
5,850 (251) (5,599)
Total Payments 135,959 9&831 (5,599) 140,19'I 152,133
Surplus of receipts over
payments
(28,602) (482) 5,776 (23,308) (19,083)
Major non-recurring
items:
Bequest received 15,000 15,000
Gain(loss) on market
investments
3,443 3,443 21,195
Net movement
oftunds
(13,602) (482) 9,219 (4,865) 2,112
Balance brought
forward
115,286 11,578 184,790 311,654 309,542
Funds this year end carried 101,684 11,096 194,009 306&789 311&654
forward
REGIST ERED CHARITY NO: 11293 ERED CHARITY NO: 11293 72
BALANCE SHEET AT 31 DECEMBER 2020
Expendable
Unrestricted Designated Restricts 8 Total Total
Funds Funds d Funds Endowment 2020 2019
Funds
FIXEDASSETS
Investments at valuation 194,009 194,009 190,566
CURRENT ASSETS
Cash at bank and in hand 27,973 20,000 544 48,517 26,758
Cash on deposit with
Central Board of Finance
6,611 11,967 18,585 18,505
Shawbrook Bank 677 34,456 10,545 45,678 75,825
Net current assets 35,261 66,423 11,096 112,780 121,088
TOTAL NET ASSETS 35,261 66,423 11,096 194,009 306,789 311,654
CAPITAL FUNDS
Permanent Endowment
Funds
INCOME FUNDS
Endowment Funds 194,009 194,009 184,790
Restricted Funds 11,096 11,096 11,578
Designated Funds 66,423 66,423 81,613
Unrestricted Funds 35,261 35,261 33,673
35,261 66,423 11&096 194,009 306,789 311,654
TOTAL FUNDS 35261 66&423 11 096 194&009 306&789 311&654

Taxation
The parochial
church council is exempt from tax on its charitable
activities.
Fund accounting
Unrestricted
Funds can be used in accordance
with the charitable
objectives at the discretion of the Trustees.
Designated
funds are Unrestricted
Funds as they are not restricted
by the donor and are available
for any
specified purpose endorsed
by the PCC.
Restricted
Funds are those donations
and covenants
where the donor has stipulated
that the monies should be
used for particular
purposes.
Any Restricted
Funds received have been or will be disbursed
for the purposes
intended
by the donor. All donations
to the Fabric Fund for example are used to finance property
repairs.
Endowment
Funds are those where the donor has donated acapital sum, making the dividend
or interest
fund to be used as stipulated.
from the
APB Ethical Standard - Provisions
Available
for Small Entities
In common
with many other organisations
of our size and nature we use our independent
examiner to assist with
the preparation
ofthe financial statements.
2.RESERVES POLICY
During the year the togowing
policy was adopted
by the Parochial
Church Council;
a)
The church
will seek to achieve an annual
operating
profit (income in excess of expenditure)
equal
in value to
approximately
three months
of normal operating
expenditure.
This amount
would currently be some 235,000).
b)
To ensure the ability to maintain
the fabdrc of the church and other property,
reserves
will be retained
at least equal to costs that might reasonably
be incurred
during one ten-year cycle of repair.
that are
This amount has been estimated
by the Fabric Committee
to be some 2250,000.
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 YEAR ENDED 31 YEAR ENDED 31 DECEMB ER 2020, continued
Unrestricted Expendable
and Restricted & Total Total
Designated Funds Endowment 2020 2019
Funds Funds
4VOLUNTARY RECEIPTS
Offerings 8,975 8,975 18,814
Donations
(inc Gift Days)
68,801 593 69,394 60,955
HMRC Gift Aid Rebate 17,532 17,532 19,910
Grants, Bequests, Legacies 6,161
95 308 593 95,901 105840
5 RECEIPTS FROM FUNDRAISING
Wedding
and Funeral Fees
7,040 7,040 9,758
Fund Raising Events 1,328 1,328 5,971
Magazine
Income
413 413 1,875
8,781 8,781 17604
6 RECEIPTS FROM READING
ROOM
Reading
Room Income
1,525 1,525 4,904
1 525 1 525 4,904
7 RECEIPTS FROM CHURCH
ACTIVITIES
Social Outreach 681 681 2,320
Children
Youth
& Messy Church
89 89 268
770 770 2588
8OTHER RECEIPTS
Miscellaneous 242 242 1,128
Donations
for Charities
339
Interest and Dividends 701 55 177 933 407
Provision
ofService
30 30
Grants received 8 701 8,701 240
973 8 756 177 9,906 2114
Total receipts 107,357 9 349 177 116,883 133,050
THE PARQCHIAL
CHURCH
CQUNCIL QF THE ECCLEEIARTICAL PARIsH QF CHALFQNT STGILEs CQUNCIL QF THE ECCLEEIARTICAL PARIsH QF CHALFQNT STGILEs CQUNCIL QF THE ECCLEEIARTICAL PARIsH QF CHALFQNT STGILEs CQUNCIL QF THE ECCLEEIARTICAL PARIsH QF CHALFQNT STGILEs
NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020, continued
Unrestricted
snd
Designated
Funds
Restricteti
Funds
ndowment
Fund
(Shares)
Total
2020
Total
2019
2 p. 2
9COSTS OF GENERATING
VOLUNTARY
INCOME
Grants given
(including
tithes) 3575 3575 4600
10FUNDRAISING COSTS
Fundraising
Event Expenses
296 146 442 2,642
Wedding
& Funeral Fees to ODBF
4,206 4,206 4,979
Magazine
& Publicity
71 71 691
4 573 146 4719 8 3'I2
11READING ROOM EXPENSES
Light and Heat 757 35 792 1,354
Insurance 1,119 1,119 707
Operating
Costs
409 409 1,075
Repairs and improvements 324 324 553
2609 35 2644 3689
12CHURCH ACTIVITIES COSTS
Parish Share 79,856 79,856 79,514
Heating
and Lighting
2,933 2,933 5,112
Church
and Churchyard
Maintenance 8,296 4,314 12,610 5,610
Insurance 4,124 4,124 4,447
Organist,
Music & Instruments
5,794 4,767 10,561 6,046
Other Operating
Expenses
3,514 3,514 3,092
Social Outreach 109 109 615
Children,
Youth &Messy
Church 105 670 775 8251
104731 9,751 114482 112,687
13MANAGEMENT
AND
ADMINISTRATION
Travel, Hospitality,
Visiting Clergy
1,189 80 1,269 3,321
Telephone
and Internet
1,359 1,359 1,002
Office Admin Staff 8,242 8,242 8,190
Printing
and Stationery
2,479 2,479 5,754
Office Other Costs 98 98 673
Audit &Accountancy 944 944 756
PCC & Deanery Expenses 444
14311 80 14391 20140
14OTHER COSTS
Donations
to Charities
310 70 380 2705
310 70 380 2705
Total operating costs 130109 10082 140191 152133