2020-12-31-accounts - St Matthew's And St Oswald's Church As A Charity

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Annual Report 2020:

Parish of St Matthew & St Oswald’s, Rugby West

Background

Structures and Governance

Safeguarding

Administrative Information

Objectives

equal our revenue spending was a key objective. During 2020 a small surplus was achieved. A reserves policy has been adopted to ensure that we use our reserves appropriately. Signed on behalf of the PCC: Alan Hulme Incumbent Pagel3of3

Accounts to 31st December 2020

PCC Accounts

St Matthew & St Oswald's Church with Overslade Church

PCC ACCOUNTS

31st December 2020

Charity Number 1129494

Church Centre, 1a New Street, Rugby, CV22 7BE Tel 01788 330440

Email: theoffice@m2o.org.uk Web:www.m2o.org.uk

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2020 Accounts RP Final 12Apr21.xlsx

Registered charity No. 1129494

Accounts to 31st December 2020

PCC Accounts

	Receipts and Payments
Notes Receipts 3 Donations and legacies Charitable activities Investments Total Receipts Payments 4 Grants & donations Diocese & clergy Properties Church activities Administration Finance & Other PCC costs Total Net of receipts/(Payments) Transfers between Funds Net movement in funds Balance brought forward 31/12/2019 Balance carried forward 31/12/2020	Unrestricted Funds Designated Funds Restricted Funds Endowment Funds Total Prior Year Total £ £ £ £ £ £ 141,011 141,011 117,487 4,872 158 6,090 11,120 15,989 1,379 269 1,648 2,523 2020 2019
	147,262 427 6,090 153,778 135,999
	11,750 11,750 12,550 76,263 76,263 73,542 22,236 6,654 957 29,847 28,326 4,074 158 9,029 13,260 7,789 24,016 24,016 24,109 915 915 2,555
	139,254 6,812 9,986 156,052 148,871

	8,008 ( 6,386 ) ( 3,896 ) ( 2,273 ) ( 12,872 )

	8,008 ( 6,386 ) ( 3,896 ) ( 2,273 ) ( 12,872 )
	( 1,160 ) 261,350 13,268 273,457 286,329
	6,848 254,964 9,372 271,184 273,457

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2020 Accounts RP Final 12Apr21.xlsx

Registered charity No. 1129494

PCCAccounts A¢tst0 3ts1 December 2020 Statement of Assets and Uabllitles C•shat b•nkand kn hn¢k HSBC 5A39 3.xll 22,586 CBF 241,618 5.571 248.2BY Ptttycath 34 Thursday Fellowshl 156 Coffee Break Petty Qsh Z54.964 9.3n 271.1 CBFSh•res 19.580 19,580 19.$10 19. ParthshIoWed 12.887 12.887 12.887 TotslAssets eXdlYprrty 277.ln DatÈ Lrt 11151 Ix The attached rthfom part of these accounts: 2020 Accounts RP Final 12Apr2Lxk Pa8e3of9

Accounts to 31st December 2020

PCC Accounts

Notes to the Accounts

Note 1 : Basis of preparation:

The financial statements have been prepared in accordance with Church Accounting Regulations 2006 using the Receipts and Payments basis.

The accounts include the transactions for which the PCC can be held responsible. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.

Funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC.

Designated funds represent amounts from the General fund set aside for various items e.g. Capital purchases, Building fund etc. Funds designated for a particular purpose are unrestricted and may be reallocated if required by the PCC.

Restricted funds are grants and donations made for a specific purpose and may only be expended on those restricted terms.

Endowment funds are given for investment, where the income from the investment is to be utilised as specified by the endowment. In some cases the capital invested may also be used. These are detailed under the specific Endowment fund (see note 6).

Investment shares, dividends and Interest

Shares are valued at market value at 31 December. Unrealised gains or losses are accounted for at this revaluation. Any realised gains or losses will be accounted for at the date an investments is sold.

Dividends and interest received are accounted for when paid. This income is allocated to the general fund unless there are restricted conditions placed on the investment income which prevents this, in which case any income is allocated to the appropriate fund(s) in accordance to these restrictions.

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property is excluded from the accounts by Section 96(2)(a) of the Charities Act 1993. Movable church furnishings which are held by the Vicar and Churchwardens on special trust for the PCC and require a faculty for disposal, are considered inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off.

Land and buildings

Fixed assets retained for church use are the church centre at 1A New street, and the Parish Rooms (Dixon Hall and Howard room) in Vicarage road. These have indicative value of £250,000 for the Church Centre and £150,000 for the Parish Rooms. These were revalued in 2019 to reflect market prices. Under Receipt and Payment accounting, no depreciation or change in value is accounted for on these assets.

The Vicarage is owned and maintained by the Diocese of Coventry.

Equipment and Stock

Any equipment or stock bought for the purposes of the church is considered expended on purchase. Stock is not treated as an asset as it is usually given away rather than sold.

Connected Charities

The following charities provide occasional income to the church, usually with restrictions on its use:

Glenn, Martin, Wooding Trust. The aims for the trust are to provide support for the Education of Young People in the parish.

St Matthew's Welfare Trust. The aims of the Trust are to relieve hardship.

Clerical and Lay assistance fund. The aims of the fund are to provide support for the clerical and lay personnel of the parish.

The James Kenning Public Purposes Church Charity Registered Charity 507901. The aims of the trust are to provide charitable assistance for training days, Christian Conferences, Christian holidays and other charitable purposes.

The details of these charities and current contact details can be found on the Charity Commission Website (charitycommission.gov.uk)

Note 2

Risk Management

The PCC recognises the risks that it faces in achieving its objectives. While the PCC has not introduced a formal risk assessment and management process, the major risks are known and have appropriate control and mitigation mechanisms in place. There is an agreed protocol on requests for expenditure, and terms of reference for the finance committee, these are available on request. Insurance policies are held for all buildings and contents as well as the legal risks facing the church.

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2020 Accounts RP Final 12Apr21.xlsx

Registered charity No. 1129494

Accounts to 31st December 2020

PCC Accounts

Note 3: Receipts Donations & Legacies Notes Voluntary Income Covenants & GAC Tax recoveries Uncovenanted FWO Cash Offerings Contactless Income Donations to Church Total Donations & Legacies Income from charitable and ancillary trading Children & Young People Child's Ministry 0-11yr Twinkles & FF Youth Min-11-18 Tea & Toast Messy Church Community Thursday Fellowship Church Breakfast Events Make Lunch Discipleship/Small Groups Discipleship General Outreach Evangelism Coffee break Pitstop Night Shelter Worship Coffee in Church Christmas Decoration Properties Church Office Income Church Hall Donation Insurance Claims Income PCC Fees Total Charitable Activities Dividends and Interest / Bank charges CBF Share dividends 6 CBF Deposit account Interest Total All income	Unrestricted Funds Designated Funds Restricted Funds Endowment Funds Total Prior year Total £ £ £ £ £ £ 84,225 84,225 70,085 21,894 21,894 18,746 32,225 32,225 22,978 2,021 2,021 5,356 308 308 68 338 338 255 2020 2019
	141,011 141,011 117,487
	67 300 367 250 317 300 616.50 100 67 75 142 900
	450 675 1,125 1,250
	205 129 129 759 5,340 5,340 2,974
	129 5,340 5,469 3,938
	188 188 233
	188 188 233
	50 50 75 75 767 47 47 500 500
	597 75 672 947
	14 158 158 298
	158 158 312
	76 76 32 2,224 2,224 7,524 602
	2,300 2,300 8,157
	1,207 1,207 1,151
	1,207 1,207 1,151

	4,872 158 6,090 11,120 15,989
	280 269 548 533 1,099 1,099 1,990
	1,379 269 1,648 2,523

	147,262 427 6,090 153,778 135,999

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2020 Accounts RP Final 12Apr21.xlsx

Registered charity No. 1129494

Accounts to 31st December 2020

PCC Accounts

Note 4: Payments Notes Grants (Charitable giving) Christians Against Poverty CPAS Harris C. of E School HOPE 4 Jesus-Haus (Williams S) Novimost St Matthews Bloxham School St Oswald's School Toybox Rugby YFC YWAM-Casa Reom Project St Peter John (Jerusalem trip) Diocese and Clergy Parish Share Diocese & Deanery Vicars Discretionary Vicars Telephone Vicars Car Expenses Vicars Expenses Vicarage Upkeep Properties Buildings Development fund Covid-19 Response Foyer Storage A/V Systems External St Matthew & St Oswald's church building SM & SO Church Insurance SM & SO Church Gas SM & SO Church Electric SM & SO Church Water Rates SM & SO Church Repairs SM & SO Church Servicing SM & SO General Dixon Hall & Howard rooms Church Hall Insurance Church Hall Electric Church Hall Repairs Church Hall Gas Church Hall Cleaning Church Hall Servicing Church Centre: Church Centre Insurance Church Centre Electric Church Centre Gas Church Centre Repair Church Centre Water Church Centre Garden Church Centre Servicing Church Centre Misc. Expenses Overslade Hiring Halls Cleaning Materials Cleaners Wages 7	Unrestricted Funds Designated Funds Restricted Funds Endowment Funds Total Prior year Total £ £ £ £ £ £ 850 850 900 600 600 600 250 250 300 850 850 900 750 750 750 125 250 250 300 250 250 300 1,225 1,225 900 850 850 900 5,875 5,875 6,275 300 2020 2019
	11,750 11,750 12,550
	72,250 72,250 72,190 240 240 180 1,200 1,200 450 1,017 1,017 357 292 292 40 1,196 1,196 278 69 69 48
	76,263 76,263 73,542
	1,487 1,487 1,388 1,388 1,102 1,102 225 957 1,182 2,452 2,452 2,361 2,361 2,477 1,875 1,875 1,887 2,523 2,523 1,392 51 51 42 499 499 497 435 435 4,793 168 168 64 1,334 1,334 1,396 2,457 2,457 2,181 119 119 466 1,320 1,320 2,607 420 420 295 1,490 1,490 1,556 515 515 287 729 729 780 30 30 28 388 388 378 45 45 721 395 395 217 188 188 2 707 707 1,803 328 328 736 3,861 3,861 3,722
	22,236 6,654 957 29,847 28,327

Continued on next page:

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2020 Accounts RP Final 12Apr21.xlsx

Registered charity No. 1129494

Accounts to 31st December 2020

PCC Accounts

Unrestricted Funds £	Designated Funds £	2020 2019 Restricted Funds Endowment Funds Total Total £ £ £ £ 120 345 38 72 120 780 127 127 521
225 72 780

1,077		247 1,324 559
		8,068 8,068 3,127 277 517 75
		8,068 8,068 3,996
125 338 13		125 151 338 182 13 6
475		475 339
238 38		238 22 216 254 522 51 290 23 19
51
23
350		216 566 854
1,349 112 170		1,349 803 112 85 68 170 491 248 477 105 20 17 288 194 87 74 82 75 250 250
230
20
130	158
87 74

2,171	158	498 2,827 1,921

4,074	158	9,029 13,260 7,669
614		614 679 40 583 751 1,461 1,132 935 908 333 30 1,195 1,604 12 75 10,537 10,281 370 754 7,936 7,895
40
583 1,461
935
333 1,195 12 10,537 370 7,936
24,016		24,016 24,109
301 224 250 140		301 450 224 544 250 311 140 1,250
915		915 2,555

139,254	6,812	9,986 156,052 148,751

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2020 Accounts RP Final 12Apr21.xlsx

Registered charity No. 1129494

Accounts to 31st December 2020

PCC Accounts

Note 6: Investment funds

The PCC holds three share investment funds in the CBF Church of England Investment Fund:

St. Matthews Rugby Fund comprises 132 shares, income is to be used for church expenses.

New Bilton Special Fund comprises 468 shares, income is for the maintenance of St. Oswald’s Church.

St. Matthew’s and St. Oswald’s fund 355.71 shares, income is to be applied for general purposes with power to apply capital towards the enlargement of the Church if required for increasing seating accommodation and the repair and maintenance of a Memorial Calvary.

Dividends received:	2020	2019
St Matthews Rugby fund	76	74	income used in general funds for general church expenses
New Bilton Special Fund	269	261	Income applied to CBF Saving account, property fund
St Matthew & St Oswald fund	204	198	income used in general funds for general church expenses
Total	548	533
Share Value:	2020	2019
St Matthews Rugby	2,704	2,530
New Bilton Special Fund	9,588	8,971
St Matthews & St Oswald	7,288	6,819
Total	19,580	18,320
	1,260	Unrealised gain in share value
Note 7 : Wages
	2020	2019
	22,334	21,897

During the year the PCC employed three people part time: an Office Administrator, an Accounts Clerk and a Cleaner.

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Registered charity No. 1129494

Accounts to 31st December 2020

PCC Accounts

Note 5: Analysis of assets by fund

Current Assets: Notes General Restricted Fund Edible Gardening Project Make Lunch Coffee break Messy Church Children's Ministry 0-11yrs Youth Ministry 11-18 yrs Church breakfast Total Glenn, Martin, Wooding Trust income Coffee break Messy Church Kids Club Under 16 Children's Ministry 0-11yrs Youth Ministry 11-18 yrs Total Technical Fund Overslade Fund Mission Fund Youth Pastor Fund Total of all restricted funds Youth Pastor Fund General Designated Fund Building Fund Outstanding Parish Share General Unrestricted Fund Total Current funds Endowment Funds 6 Total F	Type * R R R R R R R R R R R R R R R R R R R D D D D D	Fund balances brought forward Income Expenditure Transfers Gains and losses Fund balances carried forward Movement in year £ £ £ £ £ £ £ 2,000 2,000 4,048 6,340 8,068 ) ( 2,320 ( 1,728 ) 95 75 170 ) ( ( 95 ) 129 129 ) ( ( 129 ) 12 12 ) ( ( 12 ) 48 48
		6,332 6,415 ( 8,379 ) 4,368 ( 1,964 )
		620 46 ) ( 574 ( 46 ) 350 204 127 ) ( 427 77 85 85 720 300 108 ) ( 912 192 880 300 1,180 300
		2,655 804 ( 281 ) 3,178 523
		1,205 ( 1,205 ) ( 1,205 ) 1,974 ( 250 ) 1,724 ( 250 ) 1,000 ( 1,000 ) ( 1,000 ) 102 102
		13,268 7,219 ( 11,114 ) 9,372 ( 3,896 )
		2,898 2,898 258,452 269 ( 6,654 ) 252,066 ( 6,386 ) ( 12,887 ) ( 12,887 )
		248,463 269 ( 6,654 ) 242,077 ( 6,386 )

	G	( 1,160 ) 147,262 ( 139,254 ) 6,848 8,008

		260,571 154,749 ( 157,023 ) 258,297 ( 2,273 )

	E	18,320 1,260 19,580 1,260
	unds	18,320 1,260 19,580 1,260

		278,891 154,749 ( 157,023 ) 1,260 277,877 ( 1,014 )

Key: E - Endowment funds; R -Restricted income funds,

D - Unrestricted Designated funds, G - Unrestricted General Funds.

Funds Summary:

Unrestricted - General Des - Gens Youthp S Res - Mission S Res - O/slade Res - Gmw S Res - Technical Res - Genr Des Building fund Parish Share owed CBF Shares 6 Total Funds check balance with A&L sheet	Gen Des Res End Total 6,848 6,848 2,898 102 3,000 1,724 1,724 3,178 3,178 4,368 4,368 252,066 252,066 12,887 ) ( 12,887 ) ( 19,580 19,580
	6,848 242,077 9,372 19,580 277,877
	6,848 242,077 9,372 19,580 277,877

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Registered charity No. 1129494

Inde endent examiner's re ort on the accounts Report to the PCC and membeys of On accounts for the year 31. December 2020 ended St Matthew & St Oswald's Church and Over51ade Church CharDty no 1129494 Set out on pages Respective responsibilities of trustees and examiner The PCC are responsibte for the preparation of the accounts in 8ccordan with the Charities Act 2011 fthe ACV). The PCC consider that an audit is not required for this year under section 144 of the Act and that an independent examination is needed. It is my responsibilty to: examine the accounts under section 145 of the Chanties Ac*, to follow the applicable Directions gtven by the Charity Commission (under section 145(5){b) of the Act, and to state vthether particular matters have come to my attention My examination was carried out in accordance with general Directions given by the Chartty Commission. An examination indudes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual rtems or disdosures in the ac£ounts. and seeking explanations from the trustees GOnming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audtt, and consequently no opinion is given as to vthether the accounts present a Yrue and fai¢ view and the report is limited to those matter5 set out in the statement below. In connection wilh my examination. no material matters have come to my attention which gtves me cause to believe that in. any material respect: the accountiThJ records were not kept in accordan section 130 of the Charities Act; or the accounts did not accord with the accounting records", or the accounts did not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf view vthich is not a matter considered as part of an independent examination. have no conM$ and have come across no other matters in connertion h the examination to which attention should dravffl in this report in rder le a proper understanding of the accounts to be reached. Basis of independent examinevs ststement Independent examiner's statsment Signed: Name: hil Hemsley None Relevant professional qualification(s) or body Address: 179 Bilton Road Rugby Warwtckshire