Financial Report and Accounts for the year ended 31 Deceuber 2020
Financial Review
General fund
As a consequence of the Coronavirus pandemic and the Government lockdowns, St Mary’s, like other churches, wasGeneral unable to hold ‘in person’ worship for much of the year. As a result, during 2020 most income itemsin the Fund Account are significantly less than expected and were not sufficient to cover expenditure, thereby producinga deficit in net income of £(12,183).
Income from giving (collections, donations, and any Gift Aid claims thereon), has particularly suffered although thislowerwasthanoffsetin 2019.to some extent by online,card reader and other donations. Donations by standing order are slightly ’ Additionally,as a result of the church being closed, income from magazine sales, advertising, printing etc was also reduced, as were both wedding fees and funeral fees. Thereduced2020 SummerFete was cancelled and whilst donations were received for the Virtual Fete, Fundraisingwas by almost £4,000, comparedto 2019. PaymentsGovernmentmadefarloughin respectscheme.of salaries remain similar to 2019 and have been offsetto some extent by way of the
;
| During the yeer there was insufficient income into the Generel Fund to meet its expenditure. However, there was large income @ of £10,000 fromfromthethe Unrestricted legacies whichLegaciesmeantFund a withdrawalto the Genera! from Fundthe deposithas been accountshown. was not necessary. A transfer
It is hoped subsequent years will show more usual results whereby income balances expenditure.
Designated Legacies Fund (Unrestricted) A[legacy][of][£5,000] was received duringthe year.
Designated Although incomeHall Fondand expenses were both lower than 2019 due to some restricted use of the hall during the coronavirus pandemic, this year’s incomemore or less balanced expenses.
Fabric & Heating Fund (Restricted) theA legacy of £18,175 was received during the year. As hoped,the grantfor VAT of £3,243 in respectof replacing boilers in 2019 was received. , Other Restricted Funds togetherDonations, including a large donation of£20,000,were received towards the window restoration of£30,840, which £1,008 with the Gift Aid tax refund claim and a grant for VAT covered most of the cost. The small deficit of has been transferred from the Fabric & Heating Fund to the Window Fund to enable the fund to be closed. © Reserves Policy It is PCC policy to maintain at least an available current asset balance on the General Fund which equates to epproximatelyunrestricted four months’ unrestricted payments excluding the Parish Shareto cover potential creditors. The balance legacies’ fund is available tomeetone off costs and any emergency situations that may arise. The The of net current assets of the General Fund at the end of the year 2020 approximatelymeets that policy. The balancesdesignatedforHallthe Fundvariousretainsother arestrictedbalance tofundsmeetarefuturethe maintenanceresult of monies costsraised for theor hall.donated for their respective purposes. Tt is the policy of the PCC to invest the available fund balances with the Church of England Deposit fund. ‘The accounts were approved on bebalf of the Parochial Church Council on ] Mareh, 2025 bY:
;
----- Start of picture text -----
St Mary's Church, Attieborougi — FINANCIAL STATEMENT ‘tor the Year to 31 December 2020
Generalfird zg 208 we ye, 2020 2019
INCOMING RESOURCES , . & . £ RESOURCES EXPENDED £ €
Cokections . 2,788 8,608 Parish shere 86407 55,690
Standing Cedar Gilt Aid 26,990 9 28,840 Church Admin. sataies & NI 7,008 7,758
StandingTatFees [refund] Onteron GtNon GittAid Ald . 4532oer 11.1184,490 Stationary,rerance postage, mise.sdmin. 6,3032,708 4,8132,487
Funeral Senices& memoriaisWeddings 3418$64 2,9826,503 Cleanirg/Misc_Heating 4 Lightingminor maint. 2,201m7 2,3446T4
' ‘DonationsDonafionsDonations wallGio safeLite& candies¥a webeRe (SumUp) 1,2261779 «G31Q DirectorOther Musicof music expenses BAS3 6,75388S
Other donat G i onsve a Litte ve card reeder GamUp) 3,787188 1,9020 Oniine worship streaming licence oy i)
Donations Gift Aid 1,053 483 Church magazine and cards Oo 518
DAidends/interoat (depostt a/c’s) 388 414 Donations to charities e398 1,675
Bazaar& other iandraising MG = 5,822 Publictly Oo 322
Magazines and canis ec : 84 1,522 Donations & guts 13424
Other Income cH] 4 Miscelianeous G 201
Hire Donations tor use of chorch 1,008 900 Transfer to Youth fund 6 )
Boer grant 34 rt) Boller 324 0
Norwich Glocese grant ‘br chikisen's activities . 0 100
Transier from Designated Legacies Fund 10,000
TOTAL Incoming Rascurces 61,734 87,7a1 TOTAL Resourosa Expended $2,089 67,007
Cash BALANCES C/FWO 31 DECEMBER, aoe. 11,484 Services in Crematorium
Total asset balance bflwd 1 JANUARY.ae 47,888 17,865; Contributions to Parish Shera: 720
Tolel asset balance c/twd 31 DECEMBER, 16,734 17,889
Designated Legacies Fuad meg «| 2019 202) «219
INCOMING RESOURCES £ £ RESOURCES EXPENDED £ £
Lagactos 6,000 CG Candies &fighting o 483
TransferTOTAL INCOMINGfom General RESOURCESFund —__26,213 488.4 TransferTOTAL RESOURCESto General Fund EXPENDED 10,55010,000. 2,783©
NET INCOMING RESOURCES GA17) (2,274)
BALANCES B/FWD 1 JANUARY 50,244 = 52.618
BALANCES C/FWD 31 DECEMBER 46.127 80,244
----- End of picture text -----
----- Start of picture text -----
r
----- End of picture text -----
----- Start of picture text -----
Dosignated Hall Fund , «220 ante ee a / 20-2040
NCOMING RESOURCES . £ . £ RESOURCES EXPENDED £. £
Day Care Hire fees 17,365 24,364 Administration edaes& NI 13,847 12,620
Weight Watchers _ 9 700 meurence 2,706 2,408
ee ee . Heating & Lightirg 4582 4,083
Community Luncheon Club 120 680 Wot 874 1.143
Coffee & Chat 10 7 Clearing & mise. & sundites 1648 | 1,931
Slimming Word 1483 2B00 Repersand Hall upkeop 108 2,970
Other Hire faos 8 «= 4,288 Als Conditioning for hall (201& Boller} 0 7,090
Diidends & interest 127 278 ‘Health & Satety “2 OCT?
Administration ssiaries 8 NI firiough payments a007 08 en ;
TOTALwoINCOME RESOURCESeons —— 23,742 31,220 DonationsTOTAL RESOURCESto cherttes EXPENDED en23,708 33,7682
|. NETINCOMING RESOURCES 4 2.838)
BALANCESBFWD 1JANUARY 28,208 31,744
Restricted Funds Statement of Financial Activities ; ;
Fabric& Heating Fund a 2202019 _ . 2020 2018
INCOMING RESOURCES £ £ RESOURCES EXPENDED £ 2 ;
interact (deposit a/c’s) Fabric ; 116 360 Architects feos a 0
Legacy 18,175 48 Structural Engineers fees 6s 1,170
Grant foc VAT on Budding work 3,243 518 Gourch Heating 2078 Boter Repairs) Oo 19,453
@ Donations _.. ; 0 3,000 . . ;
. “Tranefer to Window Fund _ 4,008 Q
"TOTAL INCOMING RESOURCES _24,638 «aaa TOTAL RESOURCES EXPENDED 1,674 2628.
NET INCOMING RESOURCES 19,881 (18,738)
BALANCES C/FWD 31 DECEMBER 287 = 27,407
Other Restricted Funds 22000Cs HD a 2020 | 2ne
INCOMING RESOURCES g £ RESOURCES EXPENDED £ £
“Flowers donation | a) Flowers 121, 182
Chole Fund Ralsing . 1) 60 Chol expenses 100885
Chole Fund donatione i) 745 ~
Choir Fund fees 0 100
Messy Church Fund T % Messy Fund Expenses 8 a2
tfPOC Resohsion to Friday én ciub a 0 :
.. Fiiday iin club _ 04 104 Friday fon club 178 =| 38
Grant for Friday fun club i) Q
drop in & play a 8 drop In & play nS)
Denation for drop In & play i) 100
Organ fund raising a 244
Donafions te Organ fund 678 100 Ongan Fund q 9
Donations to Window fund 20,100 0 Window fund 31,248 )
Grant for VAT on Window Restoration &in o |
Donations to Window fund tax seiand on Gift Ald 5,090 @
Transfer fom Fabric & Heating Fund - 4008 )
Wievest (depcesk acs) Bele 8 18 Bats expences . 108 Q
TOTAL INCOMING RESOURCES _ i eo TOTAL RESOURCES EXPENDED 32,508 4,602
NET INCOMING RESOURCES 500° 144, Lo
BALANCES biied 7 JANUARY 6463 RSM ,
BALANCES c/twd 34 DECEMBER 5.082 5.493 i ;
£ 2020 2019 = 2020 ame
TOTAL £ g£ £
and MOVEMENT INCOMINGIN RESOURCESFUNDS 168,050 ; 128,064 TOTAL RESOURCES EXPENDED 151.027 140,848
NET NCOMING RESOURCES 13,123 © (21,496)
andMOVEMENTIN FUNDS
BALANCES tied 1 JANUARY 190,237 151,722
BALANCES cfd 31 DECEMBER 143,360 130,297
----- End of picture text -----
----- Start of picture text -----
T
----- End of picture text -----
|||||Attleborough Parochial Church Counch
|
.
BalanceSheetat 31December 2020||
|---|---|---|---|---|
||||Unrectricted
Restricted
—
Totat||
||||Fond
Legacy
=
Fund
& Heating
Restricted
.||
|||SestmenisCBF|6,738
6,738.||
||_|Barclays Bark
Deposit CBF
Cash
Debtors
lees Suspense
.
TOTALCURRENTASSETS|6,787
747"
1,119
8,728
4,067
18,449
.
0
44,380
20,947
41,638
1,926
147,791
;
0
4,165
0
0
0
0
4,165
0
10,052
45,127
31,0660
47,267
§,293
140,405.
NT
SP res
ee||
|||LessCurrent Liabifities|1,958
;
Oo
1,827
0
oe
3,784||
|,||TOTAL NET CURRENTASSETS”
——s=“‘ézéO‘CONONN”WOWOW#O#~#~~«G,la”—sae,
47267
6,093120,622
nD
ES
NL
TOTALNET ASSETS
15,734
48,127
29,230
47 287.
6,993
443,360||@|
|||_—
FXEDASSETS
investmerts CBF|£
£
£
£
£
£
6,738
8,738||
|||CURRENT ASSETS
BarclaysBank
DepositCBF
Cash
Debtore|a
.
122
7
:)
76
3976
3,859
12,056
60,167
29,820
27,332
1,917
24,292
‘
0
2814
0
279
8
2)
3,190||
|||TOTALCURRENTASSETS|15,080
60,244
30,107
27.407
6403
125,341
— i
A
OT
eTADT
5.483
128,341||
|||LessCurrent Liabilties|3,808
0
902
9
0
4,841||
|||TOTALNET CURRENT ASSETS
1,161
30,244
«20,205
27,407
5,493
123,500|||
|||*|TOTALNETASSETS|47,889
50,244
20,205
27.407
8,483
(180,238
a|a
||
|||
Anatyaie of Other’restrictedfunds
- -
Messy
YouthWorks
|
FUND
Beis
Window
Flower Community
Cha = Church
FridayFun Dropin&
Grgen
TOTAL
Yew
Fund
unt
= Lamon
.
Fund
Giub
Play
=Fund
Other
2020
1,834
Q
- 64
2
164
851
“a
eS
1,002
6,069
wis
1.934
0
717
oat
264
725
€28
a2
34”5,403||||
Notes to the financial statements for the year ended 31 December 2020
@
|
- ACCOUNTING POLICIES The financial statements have been prepared under the historical cost convention except for revaluation of two trust fand investment assets. The investments of two trust funds (Attleborough Bell Pightle and marketAttleborough Church Lands)were revalued at 31 Decernber 2006 and subsequent movement in the which thevalnePCCisisnot respansmater i ab l .e Thein law.financialThey statementsdo not includeincludethe allaccountstransactions, of churchassetsgroupsand thli a bilitiest owe theirfor affiliationto another body. Fonds Restricted funds represent income, 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 each year must be carried forward as a balance on
, that fund. The PCC does not invest separately for each fund. Interest is apportioned to individual funds on an average balance basis. Figures are rounded to nearest £. Unrestricted funds are general fands which can be used for PCC purposes. The Hall Fund has been designated by the PCC to provide for future maintenance of the Hall from the income generated by the lettings. It is an unrestricted fund and the PCC can decide to spend it for any other purpose. In particular, it has delegated to the Hall Committee responsibility to spend some of the funds generated by lettings on
, Indonationsto charities. of the year 2008 the PCC agreed to a new designated fund for unrestricted legacies to show a clear view
- Incoming resources how these are spent.
whenPlanned giving, colfectionsand donations are recognised when received. Tax refundsare recognised the PCCtheis incominglegally entitledresourcetotothe whichamountsthey due.relateInvestmis rec e ntived.income Grantsandandintl e restgaciesonard e posits accountedare for when recognised when received. All incoming resources are accounted for gross.
-
Resources expended orGrentsconstructiveand donationsobligation.are accountedThe diocesanfor wherparishpaidshareover,is oraccounted when awarded,for the amount if that awarddecided createsby thea bindingPCC thst it can reasonably afford from its unrestricted funds and has been fully paid for many years. All other expenditure is generally recognised when if is incurred and is accounted for gross.
-
Fixed assets Consecrated and benefice property is not included in the accounts in accordance with s.96(2\a) of the Charities Act 1993. Movable church furnishings held by the rector and churchwardens on special trust for the PCC and 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 ali expenditure has been written off when incurred. The Diocesan Board of Finance holds the assets of the two trust funds with investment in the Income Shares of the CBF Church of England Fund. The income from these trusts is for the ecclesiastical purposes of the parish and is included in the Incoming resources of the General fond.
-
Staff Costs a) During the year the PCC employed a secretary, church and hall cleaners, all part time. Tota! salaries paid during the year were £19,796 (2019: £19,481). b) Payments to PCC members _ ee Asis includedorganistinMr.Director J B Miller,of Musicwho wasexpenses. a co-opted member of the POC, was _paid £4,421 and this payment For 2020 General fund 'Debiors’ is tax refund due from Gift Aid of £3,014 (2019: Gift aid refund £2,911), funeral and associated fees due of £1,016 and advertising fees due of £135. Crediters (Current Liabilities} The year 2020 General find ‘Current Liabilities' are the outstanding instalments for insurance £902 (2019: £902), electricity and gas bills of £306, miscellaneous other £748. The Hall Fund ‘Current Liability’ is the
, outstanding instalments of its share of the insurance £902 (2019: £902), electricity and gas bills of £611 and other£3 14,
,
: ,
,
.
& THE CHURCH LJ OF ENGLAND Diocese of Norwich
independent Examiners Certificate Report to the trustees!members of:. |St More p Chords Okcieborovs}. On accf o rtheunts yearended: [| S\stDecember (2OZ0 Charity no (if any): W3OSo8
| report to the trustees on ry exdminéiion of the accounts of the above charity (“the Trust’) for the yeer endedS\/ (2/2020
Responsibiktiand basis of r e ports
As the charity's trustees, you are respansible for the préparation of the accounts in accordance with the requirementsof the Chariflas Act 2011 (‘the Acf). | report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2017 Act and in carrying out my examination, | have followed ail the applicable Directions given by the CharityCommissionunder section 145(5)(b)of the Act.
----- Start of picture text -----
@
----- End of picture text -----
Independent examiner's statement
{ have completed my examination. | confirm that no material matters have come to my attention in connectionthat in, any miaterialwith the examinationrespect. (etherthan-that-diselessd-betew+)which gives me cause to delieve * the accounting records were not kept in-accordance with section 130 of the Charities Act; or « the accounts did not accord with the accounting records; or « the accounts did not Gomply with the applicable requirements concerning 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 ‘true and fair’ view which is not a matter considered as part of an | have no concerns and have come across no other matters in connection with the examination to which atiention should be drawn in this report in order to enable 4 proper understanding of the * Please delete the words in the brackata if they do nof apply. sO Signed: Oaks pate: | 2\3|2021 Neme:
----- Start of picture text -----
jER 1
----- End of picture text -----
----- Start of picture text -----
Oct 2018
----- End of picture text -----
----- Start of picture text -----
®
----- End of picture text -----
——4 ee
Ralsvant professional quafification(s) or body —_— {if any) Section B Disclosure Only compiete If the examiner needs to highlight material matters of concern {see CC32, Independent examination of charity accounts: directions and guidance for examiners).
| @ | Givehere brief |
|||||
|---|---|---|---|---|---|---|
| detailsof | ||||||
| anyitems | ||||||
| thatthe | ||||||
| examiner | ||||||
| wishesto | ||||||
| ) | : | |||||
| disclose | ; | |||||
| HER | 2 | Oct2018 |
°
Rector’s report on 2020
I sat down to write this report thinking that I’d use the same approach as normal, looking through past issues of ‘the Link’ to remind me of what had been happening. But of course 2020 was anything but a normal year. Pre-pandemic feels long ago that it may as well have been a different lifetime. That’s why I shied away from giving a report at the last APCM which was held in November after being deferred from earlier in the year.
We were in the middle of a PCC meeting in March last year, discussing our worship and activities in the light of the increasing level of the virus, when an email arrived from the Archbishop of Canterbury instructing us to cease all services and everything else associated with our Church life with immediate effect. Our Church Buildings were to remain locked. Like many others I wasn’t unduly concerned - it was only going to be for a few weeks. We’d probably be back in Church for Easter. But Easter came and went, as did Pentecost and the weeks turned into months.
Of course this didn’t mean we weren't doing anything. On Mothering Sunday the ministry team . celebrated the Eucharist behind closed doors on behalf of everyone else. It didn’t feel comfortable though. Shortly afterwards I was invited to a meeting using a video conferencing website. Within a couple of weeks we had daily prayer online with a Sunday Service streamed to Youtube. By Easter we'd discovered Zoom and our online worship became more elaborate and could include those phoning in to join us too.
By June ‘the Link’ included a wonderful picture of all that was happening in our virtual world: Services and prayers, virtual choir recordings. online men’s group meetings, a youth group. Some of these things have lent themselves better to the online world more than others. Social groups have been particularly difficult to recreate in a virtual environment but it was important that we tried.
Unlike many Churches J took the decision, rightly or wrongly, that our online services wouldn’t be communion services. Without the majority able to receive the sacrament it felt exclusive. And I didn’t take up the Bishops’ dispensation to celebrate communion at home. It would have felt like private feasting while everyone else was fasting. One of the highlights of this time was being joined by the Bishop of Norwich for our Service for Pentecost.
The June ‘Link’ also contained the sad news:that the fete had been cancelled. It was one ofa number of major blows to our finances which left us, at the end of the year, some £12k overspent. My thanks to everyone who contributed so generously in the last year. | was pleased that we paid our Parish Share in full from reserves but we clearly can’t sustain those sorts of losses again too many time going forward.
There are many things which we could have done better in the last year but we were all feeling our way through this together. Over the course of the year a few members of the congregation temporarily and unintentionally slipped off the radar. I’m always really sorry when this happens but try as we might it seems impossible to constantly keep track of everyone. We've learnt from our mistakes and each time we lose track of someone we try to put measures in place to stop the same thing happening again. As | have said in more normal times, if you're unwell, lonely or low (or know someone who is) please tell us. I'd rather be told six times than not at all.
It has been a pleasure to have Richard join us during the year, although not quite in the way we expected. For many months he joined us from Warsaw, bringing an international dimension to our worship. I look forward to Richard finally relocating to Attleborough and joining us as Curate in the summer.
_
The two words which keep coming to mind are ‘thank you’. ! owe a huge debt of gratitude to my colleagues who’ve worked so hard in the past year (as always). Andrew and Brenda who have principally shared the leading of worship. Pat for her usual hand on the rudder in the office (even when the office was closed for month on end) our musicians for taking our music online and the Churchwardens. And to you all, a big thank you. 2020 was a year the likes of which none of us has encountered before and which we hope not to see again but we got through it together, living stones at work in our community in so many ways.
We look now to brighter days; to restarting many of our usual activities and to moving forward together into the future.
MJ, 13th April 2021