ST John the Evangelist, Woodley St John's Church Airfield Church (LEP)
Financial Statements of the Parochial Church Council
for the year ended 31 December 2020
PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY
2020 Accounts Summary
Introduction
The Church Accounting Regulations require that the annual report of the Parochial Church Council (PCC) should include a section on the financial activities of the PCC, including the ways in which the activities of the parish, as described in the annual report of the PCC, have been funded. An assessment should also be given of the way in which the activities of the parish will continue to be funded and any perceived financial risks to the continuation of the parish ministry.
This report describes the financial situation of the Parish of St. John the Evangelist for the year ended 31st December 2020.
The PCC is registered as a charity with the Charity Commission with registration number 1129449.
Results Headlines
Total Incoming Resources and Resources Used
The consolidated accounts across all funds for 2020, excluding other recognised gains, show a total income of £109,598 with expenditure of £111,910, giving a deficit of (£2,312).
The comparable figures for 2019 are an income of £118,522 and an expenditure of £132,527, giving a deficit of (£14,005).
Parish General Fund
The Parish General Fund comprises Unrestricted Funds that can be used by the PCC for ordinary purposes. In the year 2020 there was a deficit of income over expenditure of (£5,174) after transfers, from an income of £102,646 and an expenditure of £109,369, and including net transfers from Restricted funds of £1,549.
The comparable figures for 2019 are an income of £114,620 and expenditure of £120,668, giving a deficit (after net transfers) of (£3,997).
Restricted Funds
The income into the Restricted Fund in 2020 was £6,952and the expenditure was £2,541 resulting in surplus of £2,862 including net transfers to the General Fund of £2,862.
The comparable figures for 2019 are an income of £3,902 and an expenditure of £11,859, giving a deficit (after net transfers) of (£10,008).
Total Parish Assets
Including the value of the properties in Southlake Crescent and Caldbeck Drive the combined total assets of the parish have increased to £981,099 at the end of 2020 from £979,594 at the end of, an increase of £1,505.
1
PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY
Independent Examiner's report to the Parochial Church Council of St John the Evangelist, Woodley
This report on the financial statements of the Parochial Church Council for the year ended 31 December 2020 is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (the Regulations) and section 145 of the Charities Act 2011 (the Act).
Respective responsibilities of the Parochial Church Council and the examiner
As members of the Parochial Church Council you are responsible for the preparation of the financial statements, you consider that the audit requirement of the Regulations and section 144(2) of the Act does not apply. It is my responsibility to issue this report on those financial statements in accordance with the terms of the Regulations.
Basis of this report
My examination was carried out in accordance with the General Directions given by the Charity Commission under section 145(5)(b) of the Act and to be found in the Church guidance, 2011 edition. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items of disclosure in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention
- 1 which gives me reasonable cause to believe that in any material respect the requirements
to keep accounting records in accordance with section 130 of the Act; and
to prepare financial statements which accord with the accounting records and comply with the requirements of the Act and the Regulations have not been met; or
2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Erica Tipton Two Hoots Bucklebury Village Berkshire RG7 6PS
1
PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY
Statement of Comprehensive Income
For the year ended 31 December 2020
| Note Incoming Resources Incoming resources from donors 2 Other voluntary incoming resources 2 Income from investments 2 Charitable and ancillary trading 2 Legacies 2 Total incoming resources Resources used Grants 3 Activities directly related to church work 3 Church management and administration 3 Total resources used Net outgoing/ incoming before transfer Gross transfers between funds -in 6 Net outgoing/incoming before gains Other recognised gains/(losses) 8 Net movement in funds Reconciliation of funds Total funds brought forward Net movement for year Total funds carried forward |
Unrestricted funds Restricted funds Endowment funds Total funds Prior year total funds £ £ £ £ £ 65,275 4,010 0 69,285 69,740 14,043 1,000 0 15,043 13,862 11,138 1,810 0 12,948 15,887 7,190 132 0 7,322 19,033 5,000 0 0 5,000 0 |
|---|---|
| 102,646 6,952 0 109,598 118,522 4,847 0 0 4,847 11,735 84,643 2,541 0 87,184 105,713 19,879 0 0 19,879 15,079 |
|
| 109,369 2,541 0 111,910 132,527 -6,723 4,411 0 -2,312 -14,005 1,549 -1,549 0 0 0 |
|
| -5,174 2,862 0 -2,312 -14,005 0 0 3,817 3,817 8,945 |
|
| -5,174 2,862 3,817 1,505 -5,060 |
|
| 853,282 69,542 56,770 979,594 984,654 -5,174 2,862 3,817 1,505 -5,060 |
|
| 848,108 72,404 60,587 981,099 979,594 |
2
PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY Statement of Financial Position At 31 December 2020
| Notes Fixed Assets Tangible Assets 7 Investments 8 Current Assets Debtors 9 Investments 10 Cash at bank and in hand 11 Current Liabilities Sundry creditors 12 Net current assets less current liabilities Total assets less current liabilities Total net assets less liabilities Represented by Unrestricted Fund 14/15 Restricted Funds 16 Endowment Funds 8 Funds of the Church |
2020 2019 £ £ 730,000 730,000 60,587 56,770 790,587 786,770 13,494 17,812 80,439 80,439 97,530 104,784 191,463 203,035 951 10,211 190,512 192,824 981,099 979,594 981,099 979,594 848,108 853,282 72,404 69,542 60,587 56,770 981,099 979,594 |
2019 £ 730,000 56,770 |
|---|---|---|
| 979,594 | ||
| 979,594 | ||
| 853,282 69,542 56,770 |
||
| 979,594 |
Approved by the Parochial Church Council on March 18[th] 2021 and signed on its behalf by
Mr Tony White (Chair)
Mrs Leslie Green (Church Warden)
3
PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY
Statement of cash flows For the year ended 31 December 2020
| Cash flows from operating activities Net cash provided by operating activities Cash flows from investing activities Dividends Interest Rent received Expenditure on investment properties Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Adjustments for Gains on investments Dividends Interest received Rents from investment properties Expenditure on investment properties Decrease in debtors (Decrease)/increase in creditors Net cash provided by operating activities Cash in hand Bank balance Bank deposit account Total cash and cash equivalents Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period Reconciliation of net income/(expenditure) to net cash flow from operating activities Net expenditure/income for the reporting period (as per the statement of comprehensive income) |
2020 £ -18,308 1,700 448 10,800 -1,894 11,054 -7,254 185,223 177,969 £ 1,505 -3,817 -1,700 -448 -10,800 1,894 4,318 -9,260 -18,308 225 97,305 80,439 177,969 |
2019 £ -10,504 1,650 587 13,650 -2,015 |
|---|---|---|
| 13,872 | ||
| 3,368 181,855 |
||
| 185,223 | ||
| £ -5,060 -8,945 -1,650 -587 -13,650 2,015 10,384 6,989 |
||
| -10,504 | ||
| 95 104,689 80,439 |
||
| 185,223 |
4
PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY Notes to the 2020 financial statements
1 Accounting policies
Basis of financial statements
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the FRS102 SORP
The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include accounts of church groups that owe there main affiliation to another body, nor those that are informal gatherings of church members.
Fund accounting
Endowment funds are funds, the capital of which must be maintained; only income arising from investments of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established.
Restricted funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.
Unrestricted funds are general funds which can be used by the PCC ordinary purpose.
Designated funds are general funds set aside by the PCC for use in the future. Project funds are designated for particular projects for administration purposes only. Designated funds remain unrestricted and the PCC will move any surplus to other general funds.
Airfield Church
Because of the ecumenical nature of the Airfield Church the PCC does not have sole legal responsibility for it. Therefore it is not deemed appropriate to incorporate the Statement of Comprehensive Income and Statement of Financial Position of the Airfield Church into the main statements of the PCC. These are therefore shown separately in the notes.
Incoming resources
Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.
5
PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY Notes to the 2020 financial statements
1 Accounting policies continued
Resources expended
Grants and donations are accounted for when paid over or when awarded. If that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross.
Fixed assets
Consecrated and benefice property is not included in the accounts in accordance with section 10(2)a and (c) of the Charities Act 2011.
Moveable church furnishings held by the Vicar and churchwardens on specific trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual item had cost more than £1,000 so all such expenditure has been written off when incurred.
Equipment used within the church premises is depreciated on a straight line basis over four years. Individual items of equipment costing less than £3,000 are written off when the asset is acquired.
Investments are valued at market value at 31 December.
Pensions
A defined contribution pension scheme is operated, contributions are charged to the statement of comprehensive income as they become payable.
6
PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY Notes to the 2020 financial statements
1 Accounting policies continued
Church Workers Pension Fund (CWPF) FRS102 Wording - December 2020 Year End
St John the Evangelist participates in the Pension Builder Scheme section of CWPF for lay staff. The Scheme is administered by the Church of England Pensions Board, which holds the assets of the schemes separately from those of the Employer and the other participating employers.
The Church Workers Pension Fund has a section known as the Defined Benefits Scheme, a deferred annuity section known as Pension Builder Classic and a cash balance section known as Pension Builder 2014.
Pension Builder Scheme
The Pension Builder Scheme of the Church Workers Pension Fund is made up of two sections, Pension Builder Classic and Pension Builder 2014, both of which are classed as defined benefit schemes.
Pension Builder Classic provides a pension for members for payment from retirement, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Bonuses may also be declared, depending upon the investment returns and other factors.
Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. This account may have bonuses added by the Board before retirement. The bonuses depend on investment experience and other factors. There is no requirement for the Board to grant any bonuses. The account, plus any bonuses declared, is payable from members’ Normal Pension Age.
There is no sub-division of assets between employers in each section of the Pension Builder Scheme.
The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are the contributions payable (2020: £503, 2019: £635).
A valuation of the Pension Builder Scheme is carried out once every three years. The most recent was carried out as at 31 December 2016. A valuation as at 31 December 2019 was under way as at 31 December 2020.
For the Pension Builder Classic section, the valuation revealed a deficit of £14.2m on the ongoing assumptions used. At the most recent annual review, the Board chose not to grant a discretionary bonus, which will have acted to improve the funding position. There is no requirement for deficit payments at the current time.
For the Pension Builder 2014 section, the valuation revealed a surplus of £1.8m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.
The legal structure of the scheme is such that if another employer fails, St John the Evangelist could become responsible for paying a share of that employer’s pension liabilities.
6
PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY Notes to the 2020 Financial Statements
2 Incoming resources
| Incoming resources | |||||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| Unrestricted | Restricted | Endowment | Total | ||
| funds | funds | funds | Total funds | Funds | |
| £ | £ | £ | £ | £ | |
| Incoming resources from donors | |||||
| Planned giving SO- Gift aid | 13,411 | 0 | 0 | 13,411 | 16,006 |
| Planned giving env -Gift Aid | 7,098 | 0 | 0 | 7,098 | 14,617 |
| Parish giving scheme | 20,579 | 0 | 0 | 20,579 | 4,335 |
| GAYE/CAF | 2,549 | 0 | 0 | 2,549 | 2,731 |
| Stripe | 1,398 | 0 | 0 | 1,398 | 0 |
| Planned giving SO - non Gift aid | 612 | 0 | 0 | 612 | 797 |
| Planned Giving env - non Gift Aid | 925 | 0 | 0 | 925 | 1,099 |
| One off Gift Aid gifts | 11,660 | 4,000 | 0 | 15,660 | 12,351 |
| One off non Gift Aid gifts | 1,646 | 10 | 0 | 1,656 | 2,300 |
| Plate | 2,562 | 0 | 0 | 2,562 | 12,552 |
| Sundry donations | 2,835 | 0 | 0 | 2,835 | 2,952 |
| 65,275 | 4,010 | 0 | 69,285 | 69,740 | |
| Other voluntary incoming resources | |||||
| Appeals - Gift Aid | 0 | 0 | 0 | 0 | 0 |
| Appeals - non Gift Aid | 0 | 0 | 0 | 0 | 0 |
| Grant | 0 | 0 | 0 | 0 | 0 |
| Tax recovered on Gift Aid | 14,043 | 1,000 | 0 | 15,043 | 13,862 |
| 14,043 | 1,000 | 0 | 15,043 | 13,862 | |
| Income from investments | |||||
| Interest | 338 | 110 | 0 | 448 | 587 |
| Dividends | 0 | 1,700 | 0 | 1,700 | 1,650 |
| Rent - Caldbeck Drive | 0 | 0 | 0 | 0 | 2,850 |
| Rent - Southlake Crescent | 10,800 | 0 | 0 | 10,800 | 10,800 |
| 11,138 | 1,810 | 0 | 12,948 | 15,887 | |
| Income from charitable and ancillary | trading | ||||
| Fees - baptism | 60 | 0 | 0 | 60 | 372 |
| Fees - wedding | 845 | 0 | 0 | 845 | 2,028 |
| Fees - funeral | 2,156 | 0 | 0 | 2,156 | 3,884 |
| Hall lettings | 4,129 | 0 | 0 | 4,129 | 12,119 |
| Ladies group | 0 | 132 | 0 | 132 | 630 |
| 7,190 | 132 | 0 | 7,322 | 19,033 | |
| Income from non charitable trading | |||||
| Legacies | 5,000 | 0 | 0 | 5,000 | 0 |
| 5,000 | 0 | 0 | 5,000 | 0 | |
| Total Incoming Resources | 102,646 | 6,952 | 0 | 109,598 | 118,522 |
7
PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY Notes to the 2020 Financial Statements
3 Resources used
| Grants Overseas mission Home missions Secular charities Activities directly related to church work Parish share Vicar's working expenses Visiting clergy/speakers Fund raising Youth group Education materials Parish training Church maintenance Church cleaning Church insurance Upkeep of services Upkeep of churchyard Church heat, light, water Hall maintenance Hall cleaning Hall insurance Hall heat, light, water Flowers, Ladies, Contact 8 Caldbeck Drive 49 Southlake Crescent Major repairs - Church Church management and administration Office supplies and sundry expenditure Telephone and broadband Computer and software Governance costs Salaries Bank charges Total outgoing resources |
2019 Unrestricted funds Restricted funds Endowment funds Total funds Total funds £ £ £ £ £ 4,680 0 0 4,680 4,790 0 0 0 0 4,646 167 0 0 167 2,299 2020 |
|---|---|
| 4,847 0 0 4,847 11,735 63,509 0 0 63,509 61,679 513 0 0 513 2,463 244 0 0 244 957 0 0 0 0 64 0 1,100 0 1,100 15 0 0 0 0 800 0 0 0 0 103 1,159 0 0 1,159 854 1,580 0 0 1,580 1,304 3,885 0 0 3,885 3,811 1,331 0 0 1,331 1,893 870 0 0 870 536 2,800 0 0 2,800 2,355 1,771 850 0 2,621 14,805 840 0 0 840 2,311 2,497 0 0 2,497 2,475 1,750 0 0 1,750 4,878 0 591 0 591 1,134 1,520 0 0 1,520 1,654 374 0 0 374 361 0 0 0 0 1,261 |
|
| 84,643 2,541 0 87,184 105,713 1,413 0 0 1,413 1,157 1,487 0 0 1,487 1,343 831 0 0 831 208 742 0 0 742 940 15,296 0 0 15,296 11,371 110 0 0 110 60 |
|
| 19,879 0 0 19,879 15,079 |
|
| 109,369 2,541 0 111,910 132,527 |
The parish share payable by St Johns Church for 2020 was £66,970 (2019 £64,895). This was reduced by a rebate of £2,029 and a contingency return of £1,432 for 2020 (2019 the rebate was £1,966 and the contingency return was £1,250), resulting in a net share per accounts of £63,509 (2019 £61,679)
8
PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY Notes to the 2020 financial statements
4 Staff Costs
| Staff Costs | ||
|---|---|---|
| Administrator Digital Manager Youth Worker Pension contributions Church cleaner Hall cleaner |
2020 £ 11,692 2,928 1,100 503 1,627 761 18,611 |
2019 £ 10,758 0 0 635 1,281 1,883 |
| 14,557 |
During the year the PCC employed an administrator digital manager and youth worker for St Johns Church and a cleaner for St Johns Centre plus the Vestry. The staff costs above are included under salaries and that of the cleaner which is included under hall and church cleaning costs. Members of the PCC received reimbursement of expenses incurred on behalf of the Church. No member received reimbursements totalling more than £1,000. There were no other discloseable transactions in respect of PCC members , closely connected with them or other related parties.
5 Independent examiner's remuneration
The independent examiner has waived her fees for the examination of these financial statements.
6 Transfer between funds
| Mission Dais Fund Flower Fund Contact Centre Property fund- Houses Bible fund Heating fund Palmer Endowment Trebble Endowment |
Restricted funds Restricted funds General Designated General Designated £ £ £ £ £ £ -6,244 6,244 0 -10,818 10,856 -38 29 0 -29 36 0 -36 -180 0 180 -123 0 123 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 250 0 -250 0 0 0 200 0 -200 470 0 -470 456 0 -456 1,230 0 -1,230 1,194 0 -1,194 Unrestricted funds 2020 2019 Unrestricted funds |
|---|---|
| -4,695 6,244 -1,549 -8,805 10,856 -2,051 |
9
PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY
Notes to the 2020 financial statements
7 Fixed assets - tangible assets
| Actual /deemed cost at 1 January 2020 Revaluation Disposals At 31 December 2020 Depreciation At 1 January 2020 Provision for year on disposals At 31 December 2020 Net book value At 31 December 2020 At 31 December 2019 |
Freehold land & buildings Plant & machinery Fixture fittings & equipment Total 730,000 0 0 730,000 0 0 0 0 0 0 0 0 |
|---|---|
| 730,000 0 0 730,000 |
|
| 0 0 0 0 0 0 0 0 0 0 0 0 |
|
| 0 0 0 0 |
|
| 730,000 0 0 730,000 |
|
| 730,000 0 0 730,000 |
Fixture, fittings and equipment includes items gifted to the PCC at their estimated value at the date of the gift.
All assets, except land and buildings, purchased prior to 1993 have been deemed to have no current value and have not, therefore been included within tangible fixed assets.
In order to conform with FRS102 SORP the freehold land and buildings have been subjected to an intrim revaluation. The Church has not been included (in accordance with The Charities Act 2011 Section 10(2) sub-section(c) as it is a consecrated building and the Church Centre has not been included because of its age and lack of ownership. The value at which the property is included above and the current insurance values are:
| 8 Caldbeck Drive 49 Southlake Crescent St Johns Church Centre St Johns Church |
Current Value £ 375,000 355,000 730,000 |
Insurance Value £ 265,989 274,629 2,800,000 11,200,000 |
|---|---|---|
| 14,540,618 |
10
PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY Notes to the 2020 financial statements
8 Fixed assets- investments
The investment assets of the Parochial church Council consist of two endowments invested in income shares in the CBF Church of England Investment Fund. The capital is perpetual, which means it cannot be spent
| Previous | ||||||
|---|---|---|---|---|---|---|
| Opening | years | Unrealised | Value at | |||
| Number | capital | unrealised | Value at | Gain Current | 31/12/2020 |
|
| of shares | (perpetual) | Gains | 01/01/2020 | Year | (perpetual) | |
| Palmer Charity | 818 | 669 | 15,011 | 15,680 | 1,078 | 16,758 |
| Trebble Bequest | 2,143 | 22,719 | 18,371 | 41,090 | 2,739 | 43,829 |
| 23,388 | 33,382 | 56,770 | 3,817 | 60,587 |
9 Current assets - Debtors
| Income tax recoverable Other 10 Current assets - investments CBF C of E Deposit Fund |
2020 £ 10,032 3,462 13,494 2020 £ 80,439 |
2019 £ 12,744 5,068 |
|---|---|---|
| 17,812 | ||
| 2019 £ 80,439 |
The Central Board of Finance (CBF) Church of England Deposit Fund has earned an average interest rate of 0.4% throughout 2020. The interest has been held in the General Fund in the appropriate restricted and designated funds and has been allocated on a pro rata basis. The funds held throughout 2020 have remained unchanged and are:
| Church Centre Dais Fund Legacies |
£ 15,000 5,000 60,439 |
|---|---|
| 80,439 |
11
PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY Notes to the 2020 financial statements
11 Current Assets - Cash
| Cash at bank and in hand St Johns CAF Bank Account NatWest Cash in Hand Youth club cash in hand Ladies Group Bank Account Cash in Hand Total Cash at bank and in hand |
2020 £ 79,910 17,215 65 50 97,240 180 110 290 97,530 |
2019 £ 88,455 15,703 16 50 |
|---|---|---|
| 104,224 531 29 |
||
| 560 | ||
| 104,784 |
12 Liabilites: amounts falling due within one year
| Agency collections Other creditors |
2020 £ 687 264 951 |
2019 £ 824 9,387 |
|---|---|---|
| 10,211 |
12
PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY
Notes to the 2020 financial statements
13 Analysis of net assets by fund
2020
| Analysis of net assets by fund 2020 |
|
|---|---|
| Fixed Asset Property Fixed Assets Investment Debtors Deposit Account Cash at Bank and in Hand Sundry Creditors |
Unrestricted funds Designated funds Restricted Funds Endowment funds Total funds £ £ £ £ £ 0 730,000 0 0 730,000 0 0 0 60,587 60,587 12,494 1,000 0 13,494 0 60,439 20,000 0 80,439 -1,759 47,885 51,404 0 97,530 -951 0 0 0 -951 |
| 9,784 838,324 72,404 60,587 981,099 |
2019
| Fixed Asset Property Fixed Assets Investment Debtors Deposit Account Cash at Bank and in Hand Sundry Creditors |
Unrestricted funds Designated funds Restricted Funds Endowment funds Total funds £ £ £ £ £ 0 730,000 0 0 730,000 0 0 0 56,770 56,770 17,735 0 77 0 17,812 0 60,439 20,000 0 80,439 15,214 40,105 49,465 0 104,784 -7,688 -2,523 0 0 -10,211 |
|---|---|
| 25,261 828,021 69,542 56,770 979,594 |
14 Unrestricted funds
Unrestricted funds represent assets available to be used at the discretion of the Parochial Church Council for furthering the mission and vision of the Church.
St Johns Church Main Fund
| Fixed assets Deposit account Bank and Cash Balance Net Current Assets General Funds Designated Funds |
2020 £ 730,000 60,439 46,126 11,543 848,108 9,784 838,324 848,108 |
2019 £ 730,000 60,439 55,319 7,524 |
|---|---|---|
| 853,282 | ||
| 25,261 828,021 |
||
| 853,282 |
14
15 Designated funds
| Legacies Mission Properties fund Properties fund - Houses |
Balance at 01/01/2020 Income resources Outgoing resources Transfers Balance at 31/12/2020 £ £ £ £ £ 60,729 0 0 0 60,729 10,016 0 -4,847 6,244 11,413 730,000 0 0 0 730,000 27,276 10,800 -1,894 0 36,182 |
|---|---|
| 828,021 10,800 -6,741 6,244 838,324 |
The Mission fund arises from the tithe on general giving and enables a commitment to provide regular support to four missions partners. Any surplus is distributed on a discretionary basis.
14
PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY Notes to the 2020 financial statements
16 Restricted funds
Restricted funds represents assets given to the Parochial Church Council for a particular purpose and the funds cannot, and must not, except by the specific legal criteria, be used for any other purpose. The Parochial Church Council has several restricted funds, the movement over the past year ere:
| Church Buildings Church Centre Pamela Francis Ingram Legacy Chair Fund Dais Fund Flower Fund Ladies Group Reorder Silverware Palmer Endowment Fund Trebble Endowment Fund |
Balance at 01/01/2020 Incoming resources Outgoing resources Transfers Balance at 31/12/2020 £ £ £ £ £ 2,546 0 0 0 2,546 33,887 81 -850 0 33,118 13,523 0 -1,100 0 12,423 123 0 0 0 123 5,037 29 0 -29 5,037 0 10 -190 180 0 560 132 -401 0 291 13,136 5,000 0 0 18,136 730 0 0 0 730 0 470 0 -470 0 0 1,230 0 -1,230 0 |
|---|---|
| 69,542 6,952 -2,541 -1,549 72,404 |
.
17 Endowment funds
The Parochial Church Council has two endowment funds:
The Woodley Charity of Susanna Caroline Palmer - this is a permanent endowment which requires the income to be spent on maintaining the parish church;
The Mrs M Trebble Bequest - this is a permanent endowment, received in October 1998, which requires the income to be used for the repair, preservation and maintenance of the parish church and its fittings and monuments.
| Dividend income Palmer Charity Trebble Bequest |
2020 £ 470 1,230 1,700 |
2019 £ 456 1,194 |
|---|---|---|
| 1,650 |
The capital values of the endowments are shown in note 8 and the dividends received are held in the restricted Palmer Endowment Fund and the Trebble Endowment Fund respectively
15
WOODLEY AIRFIELD CHURCH YEAR ENDED 31 AUGUST 2020
| Incoming Resources Offerings and tax recovered Interest Received Total incoming Resources Resources Used Ministry Circuit Donations Utilities Other payments Total payments Net Payments Total funds brought forward Funds at end of year STATEMENT OF FINANCIAL POSITION Cash at Bank HSBC CFB Liabilities Net assets |
£ £ £ £ 7,884 9,472 42 73 7,926 9,545 6,526 7,033 1,251 5,290 361 407 987 547 9,125 13,277 -1,199 -3,732 11,215 14,947 10,016 11,215 2020 2019 £ £ 2,443 8,927 7,573 2,288 10,016 11,215 0 0 10,016 11,215 2020 2019 |
£ £ £ £ 7,884 9,472 42 73 7,926 9,545 6,526 7,033 1,251 5,290 361 407 987 547 9,125 13,277 -1,199 -3,732 11,215 14,947 10,016 11,215 2020 2019 £ £ 2,443 8,927 7,573 2,288 10,016 11,215 0 0 10,016 11,215 2020 2019 |
|---|---|---|
| -3,732 14,947 |
||
| 11,215 | ||
| 2019 £ 8,927 2,288 |
||
| 11,215 0 |
||
| 11,215 |
16