## **End of Year Financial Statements** **Year ending 31[st] December 2020** **A charity registered in England and Wales No. 1130869** ## **The Parochial Church Council of Christ Church Bayston Hill Trustees’ Annual Report for the year ended 31[st] December 2020** ## _**Charity registration number: 1130869**_ ## ACTIVITIES AND OBJECTIVES The Parochial Church Council of Bayston Hill (the PCC) has the responsibility of co-operating with the incumbent, the Reverend Peter Hubbard, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelical, social and ecumenical. The PCC is also spiritually responsible for the maintenance of the church. The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at Bayston Hill. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer, scripture, music and sacrament. Also, through non sacramental activities of hospitality and fellowship we aim to reach non churched members of the community ## Public Benefit The trustees of the Charity are aware of the Charity Commission’s guidance on public benefit in The Advancement of Religion for the Public Benefit and have had regard to it in their administration of the Charity. The trustees believe that, by promoting the work of the Church of England in the Ecclesiastical Parish of Bayston Hill, Shrewsbury, the Charity helps to promote the whole mission of the Church (pastoral, evangelistic, social and ecumenical) more effectively, within the Ecclesiastical Parish, and that in doing so it provides a benefit to the public by: - - providing facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers - promoting Christian values and service by members of the Church in and to their communities, to the benefit of individuals and society as a whole. ## Activities Christ Church continues to have a wide range of ministries throughout the whole age range and individual reports have been included in the A.P.C.M. booklet. The Covid19 pandemic through most of 2020 has had a considerable impact on the activities taking place pre-Covid but has also led to a number of other, alternative activities being organized. There are many regular activities taking place, some weekly, e.g. home groups; some monthly, e.g. prayer for our missionaries; but all needing the commitment and devotion of time and energy of both clergy and lay personnel. All these events take a considerable amount of manpower, dedication and commitment and we thank God for the variety of gifting evident in the church and for those who are willing and able to share their gifts and talents so readily. ## ACHIEVEMENTS AND PERFORMANCE ## Worship and Prayer Prior to the first Covid19 lockdown, our weekly Sunday 9.00 a.m. services were either Holy Communion or Morning Prayer, closely following liturgy from Common Worship. Our weekly Sunday 10.30 a.m. services took the form of either Family Communion or Morning Worship and aim to cater for all ages. At 7.00 p.m. we met on the first Sunday evening of the month for ONE, which was a service of worship and prayer. Following the government’s instruction to lockdown in March, worship swiftly moved to online services and meetings. This was usually led by the vicar or curate from their homes. Over the summer, as restrictions were eased, technology improvements allowed the services to be broadcast over the internet from the church building. Towards the end of summer and into the autumn, some services with gatherings were held outside. Throughout 2020, services have continued to be well led by lay members of the church community. Christmas gatherings outside the church were well attended by church members and villagers as was the Christingle event. The Children’s and Families Missioner and clergy team have continued to support families and Oakmeadow C.E. Primary School. This support has been either virtual or, when safety allowed, by visits into the school. Families with pre-school children have continued to be supported through lockdown in a number of creative ways. New ‘All Age’ services have commenced, either online _Page 1_ or in the church grounds. These have been well led and organized by Rachael and Jeanette with contributions from many members of the church and local communities. ‘One’ services have continued through the year either in church or online. These are monthly, evening prayer meeting times to pray into current issues and concerns. _Page 2_ ## Attendances, Baptisms and Confirmations At the last APCM, it was reported that there are 136 on the electoral roll. This is a decrease of 4 since the last APCM. Of these, 84 are resident in the parish and 48 are non-resident. During the year there was one wedding celebration. Due to Covid19 lockdown, there have been 0 baptisms and a confirmation service has not taken place. ## Staff, Lay Pastoral Assistant and Part-time Officials. Our vicar, Revd Peter Hubbard, continues to devote himself fully to the role of vicar of Bayston Hill. He has continued to actively support the work being conducted through the Mission Action Plan. He has supported parishioners and church membership through the two lockdowns that have taken place. The parish is pleased with his invitation to undertake, and appointment to, the role of Assistant Director of Ordinands for Lichfield Diocese. Revd Rachael Farnham, our stipendiary curate, has continued to lead enthusiastically, steering new initiatives and supporting and championing others to do the same. The youth love their time together and have a real respect for Sam (her husband) and Rachael and are enjoying learning more about God and building confidence in Him. Until lockdown, Rachael continued her placement with the Prison Service with a view to developing a role as prison chaplain. We continue to be deeply indebted to Revd Ursula Pencavel, our non-stipendiary Associate Minister, for her willingness to share in our services so regularly. Retired clergy in the parish have continued to play roles during the year. However, we are sad that John Tiller has decided to relinquish his Permission to Officiate. His years of dedicated service, we are sure, will continue in different ways into the future. Jeanette McKnight, as our Children and Families’ Missioner (CFM), has continued to work tirelessly towards evangelizing and spreading the gospel with the many children and young families in the parish. She continues to build good relationships in the local School and has a great team that are ready to take _Open the Book_ into school once Covid restrictions allow. ## Other Activities PCC met twice before lockdown in March and since then has met 3 times online. A number of members undertook the online _PCC Tonight_ course that looked at how effective and efficient PCCs can be developed. The learning taken from this will be added into the Mission Action Plan in the new year. Due to lockdown, the APCM was delayed until October. A combined online and live presence meeting took place when reports were received and accepted on a variety of the activities that have taken place in the parish. Standing Committee and Finance Committee have also met a number of times through the year – usually online. At all meetings, items were discussed that were pertinent either to the progress and development of the MAP or the financial position of the church. Covid19 and lockdown arrangements also featured highly with decisions being made around providing a more robust system for broadcasting services online. The significant issue for the Building Management Group (BMG) during the year (apart from COVID19 related issues) was the flooding of the worship space that occurred and the subsequent repairs and replacements of the carpeting that was required. This was completed during the first lockdown and reimbursement from the insurance company was secured. During the first lockdown a weekly publication of ‘Connections’ was produced to help people keep in touch with what was going on in the parish as well as other humourous and serious items of interest. This has continued in some form and at a slightly reduced regularity following lockdown. The Coffee in the Living Room team have continued to reach out to many members of the community by making weekly phone calls and taking out flowers, cakes and Christmas gift bags. ‘An Ear for You’ is an initiative that was started to provide a telephone service for anyone to phone in and talk to someone about anything that may have been on their mind. The church community has also continued to support other village-led activities that have provided practical and emotional support during the Covid19 pandemic. New ‘All Age’ services continued, fortnightly, throughout lockdown - outside in the church grounds when permitted and online when in full lockdown. There was a Christingle family outdoor service on 12[th] December and ‘Light overcomes darkness’ event on 31[st] October. Over the summer there were 2 Cinema church events for children aged 7-11 and also a Weekly children’s Zoom Bible study. The ‘Pray for Schools’ initiative has seen a new team set up to take on this important aspect of evangelism and prayer, giving spiritual support to families. _Page 3_ ## FINANCIAL REVIEW We ended 2020 with a deficit of £5,429 (2019 deficit of £13,602). This is a significant achievement given that income from Hall lettings was seriously reduced by Covid19 restrictions. We continued to prioritise paying our Parish Share and giving a 10% tithe of our unrestricted income to missions and charities. We are grateful to Lichfield Diocese for the ‘Parish Share holiday’ during lockdown as well as a pause of the loan repayments. These have helped immensely in developing a more secure financial position during challenging times. We have further prioritized the work of the CFM in reaching out to families as they struggled through 2 lockdowns. We continue to give careful and prayerful consideration on how to maintain the fabric of our buildings and grow the mission of the church. We are grateful to the church family for continuing to regularly give financially, and sometimes sacrificially, to the ministries of the church, therefore, enabling the work to continue for the benefit of many. ## COVID19 The Covid19 has had some impact on the financial commitments of the church. Most church members continue to support the church financially by regular standing order so income in this area has not been significantly affected by the pandemic. The most significant areas have been income from funerals, when the fees for funerals during the first lockdown were waived by the diocese, and hall lettings. The PCC is committed to its work with children and families, and that commitment remained through the pandemic as the decision was made not to furlough the CFM. Only the cleaner was furloughed during this time. Expenditure remained relatively low during this period, other than the major extension to the technical apparatus which allows the streaming of live and recorded services via the website and Facebook. Once the end of the pandemic is in sight, the PCC will be restarting many of the activities that also generated income, reopening the hall to lettings, commencing new initiatives born out of contacts made with families and the community during the pandemic. Fundraising initiatives (eg 20:20) will also be encouraged. ## RESERVES POLICY It is PCC policy to try to maintain a balance on free reserves (net current assets) which equates to at least three months unrestricted payments. This is equivalent to £34,170. It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of free reserves at the end of the year was £60,174 (2019 £60,133), which is higher than this target. The balance of £17,996 in the restricted fund is retained mainly towards youth and children’s costs, Coffee in the Living Room grant (for capital payments) and Vicar’s Discretionary Fund. ## RISK MANAGEMENT The Church Wardens carry out regular Health and Safety Reviews and regularly inspect premises for potential hazards. We have safeguarding policies in place for child protection and for work with vulnerable adults, including rigorous DBS checking of staff and volunteers. Our insurances are reviewed annually to ensure adequate cover. An informal review of any new risks which may impact the work of the Church in the Parish is ongoing. A couple of fire training sessions were organized in November for those involved in the running of services in any way. ## SAFEGUARDING The PCC believe they have fulfilled their duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). ## **Key Information** Incumbent: Revd Peter Hubbard Curate: Revd Rachael Farnham N-S Associate Minister: Revd Ursula Pencavel ## The PCC The members of the PCC are trustees of the charity. Trustees are either ex-officio (i.e. clergy, churchwardens and Deanery Synod Representatives) or elected by the Annual Parochial Church Meeting for a 3-year term of office, with a maximum of 2 terms allowed prior to stepping down for at least 1 year. Occasionally members are co-opted at the PCC’s discretion. The positions of PCC _Page 4_ Treasurer and PCC Secretary have a special dispensation and are not limited by length of service. In addition, we make an annual appointment of one young person aged under 20. Following the 2020 APCM the PCC was comprised of the following trustees: Vicar: Revd P. Hubbard N-S Associate Minister: Revd U. Pencavel Curate: Revd R. Farnham Lay Chairperson and Churchwardens: Mr J. Farrow, Miss S Birchall Deanery Synod: Mr I. Peake, Mrs P. Jackson Treasurer: Mr D. Watts Other Elected Mr A. Lord, Mr J. Hitchings, Dr P. Extance, Mrs J. Parry, Miss M. Hubbard, Mr S. Trustees: Farnham, Mrs A Chalkley, Mr J. Pike, Mr T. Ryan Home Group Coordinator (Ex-Officio) Mr J. Langridge Secretary (an officer of the PCC): Mrs S. Edwards ## Bankers HSBC, Princess House, 33 High Street, Shrewsbury, SY1 1SL. ## Independent Examiner Lichfield Diocesan Board of Finance, St. Mary’s House, The Close, Lichfield, WS13 7LD. ## CONSTITUTION The PCC is a Body Corporate established by the Church of England (PCC Powers Measure 1956, and the Church Representation Rules 2006) and is a Charity registered with the Charity Commission. The PCC is governed by the Parochial Church Council Powers Measure (1956) as amended that came into effect on 2nd January 1957, and the Church Representation Rules. ## STRUCTURE, GOVERNANCE AND MANAGEMENT Christ Church P.C.C. has the responsibility of co-operating with the vicar in promoting in the ecclesiastical parish the whole mission of the church: - pastoral, social, evangelistic and ecumenical. Our Standing Committee, which comprised of the Vicar, Stipendiary Curate and Non-stipendiary Associate Minister, Churchwardens, Secretary and Treasurer, met to discuss church related matters. Other sub-committees of the P.C.C. included Building Management Group, under the leadership of John Farrow. This group had responsibility for the maintenance of the church building and its grounds. Also, we have a Missionary Action Group. This group made recommendations to the P.C.C. for 70% of the allocation of our annual tithe offering. There is also a Finance Committee which met with the Church Treasurer to consider the accounts, the budget, our giving target, and the way forward regarding our church finances. Our HR Committee meets, as appropriate to discuss personnel issues such as salary increments. ## CONCLUSION With reduced income and increased outgoings, our financial position is, like many churches, challenging. We are greatly committed to our outreach to children, young people and families and we are beginning to see growth in membership. However, the number of those aged 65+, whilst increasing, form the basis of most of the financial giving in church. During the last year we have seen God answer many prayers and our Mission Action Plan now provides clarity on our focus for action in the near future. Finally, our sincere thanks to each and every one of you for your involvement in the body of Christ here in Bayston Hill, for your love, support, commitment and encouragement in a multitude of ways. Revd Peter Hubbard (P.C.C. Chair) Mr John Farrow (P.C.C. Lay Chair) This report dated: _Page 5_ ## **Independent Examiner’s report to the trustees/members of The PCC of Christ Church, Bayston Hill** Registered charity number: 1130869 I report on the accounts for the year ended 31[st] December 2020 which are set out on the following pages. ## **Respective responsibilities of the Trustees and Independent Examiner** The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility - to examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and - to state whether particular matters have come to my attention. ## **Basis of Independent Examiner's Statement** My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes 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 items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair” view and the report is limited to those matters set out in the statement below. ## **Independent Examiner's Statement** In connection with my examination, no material matters have come to my attention which gives me cause to believe that in any material respect: - accounting records were not kept in accordance with section 130 of the Charities Act or - the accounts do not accord with the with the accounting records - the accounts do not comply 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 independent examination. I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed: ………………………………………….. Date: ………………………………… Jonathan Hill FCMA CGMA Lichfield Diocesan Board of Finance St Mary’s House, The Close, Lichfield, Staffordshire. WS15 3NL _Page 6_ ## **Statement of Financial Activities** ||**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**total funds**| |---|---| |**Income and endowments from:**
Donations and legacies
Income from charitable activities
Other trading activities
Investments
Other income
**Total income and endowments from:**
**Expenditure on:**
Raising funds
Expenditure on charitable activities
Other expenditure
**Total expenditure on:**
**Net income / (expenditure)**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Net income / (expenditure)**
**Other recognised gains / losses**
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**
**Represented by**
**Unrestricted**
General fund
**Designated**
Gift Day 2020
**Restricted**
Agency collection
Childrens Ministry
Christmas
Coffee in Living Room
Decoration Fund
Emily Crump
Vicars Discretionary Fund
Youth Events
Youth Ministry|119,013
14,728
—
133,741
144,232
3,742
—
—
3,742
5,928
25
—
—
25
31
45
—
—
45
230
16,751
148
—
16,899
7,120| ||**139,578**
**14,876**
**—**
**154,454**
**157,542**
3
—
—
3
443
131,753
18,951
—
150,704
158,337
8,363
812
—
9,176
12,364| ||**140,119**
**19,763**
**—**
**159,884**
**171,145**| ||**(541)**
**(4,887)**
**—**
**(5,429)**
**(13,602)**
1,138
418
—
1,557
8,815
(1,556)
0
—
(1,557)
(8,815)| ||**(959)**
**(4,469)**
**—**
**(5,429)**
**(13,602)**| ||**(959)**
**(4,469)**
**—**
**(5,429)**
**(13,602)**| ||**61,133**
**22,465**
**—**
**83,599**
**97,202**| ||**60,173**
**17,996**
**—**
**78,170**
**83,599**
60,173
—
—
60,173
61,133
----
—
—
----
—
—
2
—
2
2
—
9,269
—
9,269
16,076
—
1,381
—
1,381
—
—
1,542
—
1,542
1,382
—
1,812
—
1,812
1,812
—
224
—
224
224
—
939
—
939
1,150
—
679
—
679
679
—
2,145
—
2,145
1,137| _Page 7_ ## **Balance sheet** |**Class and code**
**Description**|**This year**
**Last year**| |---|---| |**Fixed assets**
6430
Sample fixed asset
6431
Kitchen
6432
Solar Panels
**Total Fixed assets**
**Current assets**
01748505
Restricted/Designated Bank Account
01748513
Bank deposit account
22209586
Zone Account
31748491
Bank current account
6510
CCLA (CBF) deposit account
6590
Float held by Pioneer Minister
CSH
Cash Account
IDS
IDS Decoration Scheme
IDS2
IDS2 Curates House
Z05
Accounts Receivable
**Total Current assets**
**Liabilities**
6601
Solar Panels loan
6605
Solar Panel Loan Creditor
6607
Creditors
6699
Agency collections
Z04
Accounts Payable
**Total Liabilities**
**Net Asset surplus(deficit)**
**Reserves**
Excess / (deficit) to date
Z01
Starting balances
**Total Reserves**
**Represented by funds**
Unrestricted
Designated
Restricted
**Total**|—
—
—
—
21,601
28,800| ||**21,601**
**28,800**
2,406
5,395
31,340
50,295
1,124
—
34,048
(1,886)
160
159
—
—
160
160
875
875
562
562
17,938
28,258| ||**88,615**
**83,819**
21,598
21,598
7,199
7,199
1,104
—
426
(118)
1,718
341| ||**32,046**
**29,020**| ||**78,170**
**83,599**| ||(5,429)
(13,602)
83,599
97,202| ||**78,170**
**83,599**
60,174
61,130
---
3
17,996
22,465| ||**78.170**
**83,599**| The notes on pages 8 to 16 form part of these accounts. Approved by the PCC on ………………..2021 and signed on its behalf by: …………………………………………………………………. Revd Peter Hubbard, PCC Chairman _Page 8_ **NOTES TO THE ACCOUNTS** ## **Accounting Policies** The PCC is a public benefit entity within the meaning of FRS 102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' "true and fair view" provisions. They have also been prepared in accordance with the Charities SORP (FRS 102). The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. 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. ## **Cashflow Statement** The Charity has taken advantage of the exemption in FRS102 from the requirement to produce a Cash flow statement on the grounds that the income does not exceed £500,000. ## **Post-balance sheet event and Going Concern** The ongoing worldwide outbreak of the COVID-19 virus still represents a significant event during the financial year. The Charity has reviewed its cash flow forecasts and considered the impact on going concern, concluding that the going concern basis remains an appropriate basis of preparation for these financial statements given the likely cash flow impact of operations for 12 months from the date of signing this report. ## **Accounting Estimates and Prior Year Errors** No changes to accounting estimates have occurred in the reporting period. No material prior year errors have been identified in the reporting period. ## **Description of Funds** **Unrestricted funds** are income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are therefore not included in its "free reserves" as disclosed in the trustees' annual report. **Restricted funds** comprise of two elements: - - a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest - 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 each 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. **Endowment funds** are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts. Details of the Funds held by Christ Church are as follows: ## **Designated Funds** During the year, the PCC designated certain funds, previously held separately, to support the work being carried out by the Children’s and Families Missioner. These funds were transferred to ‘Children’s Ministry’ fund. ## **Restricted Funds** **Children’s Ministry** – some giving is restricted by the donor to ‘children’s work’ and can only, therefore, be spent on expenses incurred for working with our children (up to age 11). The church is in receipt of a grant from Lichfield Diocese which is credited to Children’s Ministry, for the work of the Children’s and Families Missioner. **Coffee in Living Room** – a grant was given to CitLR in 2014 to fund capital purchases. **Christmas** – the church appealed for donations to cover the additional costs of Christmas events in 2020. Enough donations were collected to cover the costs and provide a surplus. It was agreed by Standing Committee that these funds should be held for future Christmas events. _Page 9_ **Decoration Fund –** This is for the internal decoration of the vicarages at Eric Lock Road and Glebe Road and is held by the Diocese. For every £250 transferred to each vicarage account by the PCC per annum, the Diocese will add a bonus of £62.50. **Youth Events** – a fund for the purpose of paying part of the costs for the _Soul Survivor_ event for Young People in the summer. As Soul Survivor ceased in 2019, the funds have transferred to cover any residential youth event. **Vicars Discretionary Fund** – a fund for the vicar to access for those he feels are ‘in need’ and would benefit from some financial support. A second signatory is required (Church Warden) for such spending to be authorized. **Youth Ministry** - some giving is restricted by the donor to ‘youth work’ and can only, therefore be spent on expenses incurred for working with our young people (11+). **Emily Crump** – the collection taken at Emily’s funeral was restricted to the use of the pastoral care team by her family. ## **Income** Planned giving, collections and donations are recognised when received or when the PCC becomes entitled to the resource and the monetary value can be measured with sufficient reliability. 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 and the monetary value can be measured with sufficient reliability. 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. ## **Expenditure and Liabilities** 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. A Liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date. ## **Governance and Support Costs** Support costs should be allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the PCC and its compliance with regulation and good practice. Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources e.g. by allocating staff costs by time spent and other costs by their usage. ## **Fixed Assets** Consecrated and benefice property is not included from the accounts by s.10(2)(a) &(C) of the Charities Act 2011. Moveable church furnishings held by the Vicar and Churchwardens on special 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. Tangible fixed assets (Solar Panels) are depreciated over their useful economic life (deemed to be 12 years) on a straight-line basis. ## **Investments** The PCC do not own any investments. ## **Debtors** Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash expected to be received. _Page 10_ ## **Analysis of income and expenditure** |**Unrestricted Designated**
**Restricted**
**Endowment**
**INCOME AND ENDOWMENTS**
**Donations and legacies**
0101 - Gift Aid Collections
62,047
—
2,220
—
0201 - Non Gift Aid Collections
7,685
—
660
—
0210 - Planned Giving Envelopes
4,318
—
—
—
0211 - Planned Giving Envelope 26
—
—
255
—
0212 - Contactless Donations
10
—
—
—
0301 - Loose plate collections
1,076
—
—
—
0550 - Donations appeals etc
7,816
2,205
1,966
—
0601 - Tax recoverable on Gift Aid
19,902
101
794
—
0701 - Legacies
—
—
—
—
0801 - Recurring grants
—
—
8,833
—
08A1 - Non-recurring one-off grants
(Furlough)
483
—
—
—
0901 - Other funds generated
36
—
—
—
0902 - Solar Panel Income
13,332
—
—
—
Total
116,706
2,306
14,728
—
**Income from charitable activities**
1101 - Fees for weddings and
funerals
1,120
—
—
—
1230 - Church hall lettings –
objectives
2,621
—
—
—
Total
3,742
—
—
—
**Other trading activities**
1260 - Parish Directories Donations
25
—
—
—
Total
25
—
—
—
**Investments**
1020 - Bank and building society &
CBF interest
45
—
—
—
Total
45
—
—
—
**Other income**
1310 - Insurance claims
15,243
—
—
—
1330 - CitLR
1,319
—
—
—
1331 - Tea/Coffee
103
—
—
—
1332 - Senior Citizens Lunches
85
—
—
—
1334 - Sunbeams Toddlers
—
—
148
—
Total
16,751
—
148
—|**Unrestricted Designated**
**Restricted**
**Endowment**|**Total**
**This year**
**Last year**
64,267
65,999
8,345
6,015
4,318
8,712
255
255
10
—
1,076
3,791
11,987
14,155
20,797
23,425
—
500
8,833
9,000
483
—
36
30
13,332
12,349| |---|---|---| ||116,706
2,306
14,728
—
1,120
—
—
—
2,621
—
—
—|133,741
144,232
1,120
1,071
2,621
4,857| ||3,742
—
—
—
25
—
—
—|3,742
5,928
25
31| ||25
—
—
—
45
—
—
—|25
31
45
230| ||45
—
—
—
15,243
—
—
—
1,319
—
—
—
103
—
—
—
85
—
—
—
—
—
148
—|45
230
15,243
—
1,319
5,592
103
579
85
759
148
188| ||16,751
—
148
—|16,899
7,120| |**INCOME TOTAL**|137,271
2,306
14,876
—|154,454
157,542| _Page 11_ ## **EXPENDITURE** ## **Raising funds** |1740 - Bank Charges & Investment
management costs
3
—
—
—
Total
3
—
—
—
**Expenditure on charitable activities**
1801 - Giving to missionary & other
Charities
9,520
—
—
—
1910 - Ministry parish share etc
Share support for 2020
80,367
(10,046)
—
—
—
2002 - Other Salaries
5,051
—
18,488
—
2050 - Salary of parish administrator
10,525
—
—
—
2101 - Working expenses of
incumbent
949
—
—
—
2102 - Other Expense Claims
1,001
—
—
—
2105 - Incumbent's mileage
141
—
—
—
2150 - Vicar's telephone
350
—
—
—
2170 - Education
—
—
—
—
2195 - Kitchen expenses
15
—
—
—
2196 - Coffee in the Living Room
Expenses
915
—
—
—
2201 - Parish training and mission
25
—
—
—
2301 - Church running - insurance
1,574
—
—
—
2310 - Church office - telephone
397
—
—
—
2330 - Church maintenance
17,333
3,441
—
—
2331 - Cleaning & Cleaning Products
[not salary
25
—
—
—
2340 - Upkeep of services
115
—
—
—
2350 - Upkeep of churchyard
20
—
—
—
2360 -
Postage/Stationery/Photocopier
2,023
—
—
—
2361 - Licences & Subscriptions
1,598
—
252
—
2362 - Advertising/Publicity
—
—
—
—
2370 - Visiting speakers / locums
—
—
—
—
2381 - Pastoral Care Team Expenses
14
—
—
—
2401 - Church running - electric
1,143
—
—
—
2410 - Church running - gas
2,865
—
—
—
2420 - Church running - water
822
—
—
—
2560 - Hall running - maintenance
1,883
—
—
—
2601 - Governance costs
examination/audit fee
300
—
—
—
2945 - Vicar's Discretionary
Expenses
—
—
211
—
Total
128,935
3,441
18,951
—
**Other expenditure**
2103 - Tea/Coffee
290
—
—
—
2180 - Children's Work Costs
—
—
770
—
2185 - Youth Work Costs
—
—
41
—
2190 - Senior Citizens Lunches
—
—
—
—
2380 - Worship Team Expenses
—
—
—
—
2390 - Resources
—
—
—
—
2940 - Stipendiary Curate's Expenses
620
—
—
—
2942 - Stipendiary Curate's mileage
253
—
—
—
2950 - Depreciation
7,199
—
—
—
Total
8,363
—
812
—|3
—
—
—|3
443| |---|---|---| |||3
443
8,967
12,421
80,367
(10,046)
78,888
--
23,539
13,167
10,525
9,879
949
1,692
1,001
1,478
141
—
350
441
—
80
15
326
915
3,399
25
36
1,574
1,534
397
432
20,774
23,882
25
447
115
340
20
70
2,023
2,528
1,780
943
—
679
—
195
14
25
1,143
1,018
2,865
2,587
822
1,368
1,883
125
300
300
211
47| ||128,935
3,441
18,951
—
290
—
—
—
—
—
770
—
—
—
41
—
—
—
—
—
—
—
—
—
—
—
—
—
620
—
—
—
253
—
—
—
7,199
—
—
—|150,704
158,337
290
1,374
770
1,560
41
101
—
443
—
21
—
137
620
1,527
253
—
7,199
7,199| ||8,363
—
812
—|9,176
12,364| |**EXPENDITURE TOTAL**|136,678
3,441
19,763
—|159,884
171,145| |||| |**DEFICIT**|594
(1,135)
(4,887)
—|(5,429)
(13,602)| _Page 12_ ## **Statement of assets and liabilities** ||**General Designated**
**Restricted Endowment**|**This year**
**Last year**| |---|---|---| |**Fixed assets - Tangible assets**
Sample fixed asset -
Solar Panels -
**Totals**
**Current assets - Cash at bank and in hand**
Restricted/Designated Bank Account -
Bank deposit account -
Zone Account -
Bank current account -
CCLA (CBF) deposit account -
Cash Account -
IDS Decoration Scheme -
IDS2 Curates House -
**Totals**
**Current assets - Debtors**
Accounts Receivable -
**Totals**
**Liabilities - Agency accounts**
Agency collections -
**Totals**
**Liabilities - Creditors: Amounts falling due**
**after more than one year**
Solar Panels loan -
**Totals**
**Liabilities - Creditors: Amounts falling due in**
**one year**
Solar Panel Loan Creditor 2016 -
Creditors 2015 -
Accounts Payable -
**Totals**
**Grand total**|3
(3)
0
—
21,601
—
—
—|—
—
21,601
28,800| ||**21,604**
**(3)**
**0**
**—**
(5,769)
3,538
4,636
—
34,308
(19,710)
16,741
—
1,124
—
—
—
30,
5,576
(2,195)
—
160
—
—
—
556
—
(396)
—
62
—
812
—
62
—
500
—|**21,601**
**28,800**
2,406
5,395
31,340
50,295
1,124
—
34,048
(1,886)
160
159
160
160
875
875
562
562| ||**61,684**
**(11,730)**
**20,100**
**—**
7,340
10,598
—
—|**70,053**
**55,561**
17,938
28,258| ||**7,340**
**10,598**
**—**
**—**
—
—
426
—|**17,938**
**28,258**
426
(118)| ||**—**
**—**
**426**
**—**
21,598
—
—
—|**426**
**(118)**
21,598
21,598| ||**21,598**
**—**
**—**
**—**
7,199
—
—
—
1,104
—
—
—
41
—
1,677
—|**21,598**
**21,598**
7,199
7,199
1,104
—
1,718
341| ||**8,344**
**—**
**1,677**
**—**|**10,021**
**7,540**| ||**60,685**
**(1,135)**
**17,996**
**—**|**78,170**
**83,599**| ## **Allocation of Support Costs** Support costs comprise Trustee Training and Governance Costs etc. Due to the nature of the financial activities of the PCC, these would be allocated across Charitable Expenditure which comprises the majority of its expenditure and as such are automatically charged there. ## **Staff Costs** |Wages and Salaries:
No of Employees (part time):
No. of Employees (full time)|**2020**
34,065
3
1|**2019**
£23,048
3
1| |---|---|---| During the first lockdown, 1 member of staff was furloughed for a period of time. This income is seen in line 08A1 (non-recurring grants). During the year, CCBH employed a parish administrator, Childrens’ and Families’ Missioner (CFM), cleaner and bookkeeper. ## **PCC Costs** Revd P. Hubbard receives expenses as claimed, authorized and budgeted for in carrying out his duties as incumbent not as trustee. The same applies to Revd R. Farnham. Members of PCC claim reimbursement of expenses incurred in the line of carrying out legitimate repairs, replacements or renewals and not from their role as trustees. During the year, trustees claimed £396 in mileage allowances (2019 £1,327). ## **Related Parties** Donations from related parties (PCC members) totalled £18,312 92019 £21,020). The PCC employ a book-keeper (part time) who is also a member of the PCC. Steps are taken to avoid any conflict of interest. _Page 13_ |**Fees for examining the Accounts**

The Independent examiner fees:

**Tangible Fixed Assets**
**At Cost**
At 1st January
Additions
Disposals
At 31st December
**Accumulated Depreciation**
At 1st January
Charge for year
At 31st December
Net Book Value at 1st January
**Net Book Value at 31st December**|**2020**
£300
**2020**
Solar
Panels
£
86,392
-
-
86,392
57,592
7,199
64,791
28,800
**21,106**|**2019**
£300
**2019**
Solar
Panels
£
86,392
-
-| |---|---|---| |||86,392| |||50,393
7,199| |||57,592| |||35,999
**28,800**| Solar panels were installed on the church roof in 2012 and were paid for by way of a loan from the Diocese. This loan is repayable over 12 years, but there is a moratorium on repayments until the end of March 2021, due to the Covid-19 pandemic. The solar panels generated income of £13,332 (2019: £12,349). The water boiler in the kitchen uses some of the energy generated to heat water for the kitchen and toilets. ## **Debtors/Accounts Receivable** _(all unrestricted)_ |HMRC (Gift Aid)
Eon
ABRSM
Cross Lane (Gwilliam Bequest)|**2020**
**£**|
**2019**
**£**| |---|---|---| ||3,800|5,400| ||1,800|9,800| ||0|2,460| ||12,338|10,598| ||**17,938**|**28,258**| ## **Cash at bank and in hand** |HSBC Current Account
HSBC Restricted/Designated Account
HSBC Deposit Account
Cash
CBF Deposit
IDS Account
Zone Account (Lettings income)|**2020**|**2019**| |---|---|---| ||**£**|**£**| |||| ||34,048|(1,887)| ||2,405|5,395| ||31,340|50,295| ||161|161| ||161|160| ||1,438|1,438| ||1,125|| ||**£70,678**|**£55,562**| _Page 14_ ## **Creditors (due within one year)** |_Unrestricted_
Solar panel loan
Accounts Payable
_Restricted_
Agency
**Creditors (due after mor**|**2020**
**£**
7,199
1,718
426
9,343
**e than one**
**2020**
**£**
7,199
14,400
21,599|**2019**
**£**
7,199
342
290
7,831
**2018**
**£**
**2019**
**£**
7,199
14,400
21,598| |---|---|---| |
**year)**
Solar panel loan –
due after more than
1 year
Solar panel loan –
due between 2-5
years
Total||| |||| The loan for the solar panels is with the Diocese. It is a 12 year loan taken out in 2012 and is being repaid in equal quarterly installments plus interest. For the period March 2020 – March 2021, the loan repayments have been paused, during the Covid pandemic. This means that the end date of the loan has been extended by 12 months. _Page 15_ ## **Summary of Assets by Fund - 2020** |Fixed Assets
Investment Assets
Current Assets
Current Liabilities
Long Term Liabilities|**Unrestricted Funds**
**_£_**
21,604
-
69,648
(8,344)
(21,598)
**61,310**|
**Designated**
**Funds**
**£**|
**Restricted**
**Funds**
**£**|**Endowment**
**Funds**
**£**|
**Total**
**£**| |---|---|---|---|---|---| ||||||| |||(3)|-|-|21,601| |||-|-|-|-| |||(1,132)|20,100|-|88,616| |||-|(2,103)|-|(10,448)| |||-|-|-|(21,598)| |||**(1,135)**|**17,996**|**-**|**78,170**| ## **Summary of Assets by Fund - 2019** |Fixed Assets
Investment Assets
Current Assets
Current Liabilities
Long Term Liabilities|**Unrestricted Funds**
**_£_**
28,800
-
61,470
(7,541)
(21,598)
**61,131**|
**Designated**
**Funds**
**£**|
**Restricted**
**Funds**
**£**|**Endowment**
**Funds**
**£**|
**Total**
**£**| |---|---|---|---|---|---| ||||||| |||-|-|-|28,800| |||-|-|-|-| |||3|22,347|-|83,820| |||-|119|-|(7,422)| |||-|-|-|(21,598)| |||**3**|**22,466**|**-**|**83,600**| ## **Analysis of Transfer between Funds** |General fund to Childrens
Ministry - donations
GD20 gift day giving from
General
fund
Childrens Ministry from
General fund
Decorating Scheme – money
in
M Flavel
GD17 gift day
Mackley
M. Oliver
Youth ministry|**2020**
**Unrestricted**
**£**|**2020**
**Designated**
**£**|**2020**
**Restricted**
**£**|**2019**
**Unrestricted**
**£**|**2019**
**Designated**
**£**|**2019**
**Restricted**
**£**| |---|---|---|---|---|---|---| ||(418)||418|||| ||(1,135)|1,135||||| |||||(7,040)||7,040| |||||(1,000)||1,000| |||||1,071|(1,071)|| |||||275|(275)|| |||||767|(767)|| |||||607|(607)|| |||||4,595||(4,595)| _Page 16_ ## **Fund movement by type - 2020** ||**Opening**
**Incoming**
**Outgoing**
**Transfers**|**Gains/losses**
**Closing**| |---|---|---| |**Childrens - Childrens Ministry**
Restricted
**Sub-total for Childrens**
**Christmas - Christmas**
Restricted
**Sub-total for Christmas**
**Coffee - Coffee in Living Room**
Restricted
**Sub-total for Coffee**
**Crump - Emily Crump**
Restricted
**Sub-total for Crump**
**Decoration - Decoration Fund**
Restricted
**Sub-total for Decoration**
**Discretion - Vicars Discretionary**
Restricted
**Sub-total for Discretion**
**GD20 - Gift Day 2020**
Designated
**Sub-total for GD20**
**Youth - Youth Ministry**
Restricted
**Sub-total for Youth**
**YouthEvent - Youth Events**
Restricted
**Sub-total for YouthEvent**
**General - General fund**
Unrestricted
**Sub-total for General**
**Grand total**|16,076
12,285
19,510
418|—
9,269| ||**16,076**
**12,285**
**19,510**
**418**
—
1,381
—
—|**—**
**9,269**
—
1,381| ||**—**
**1,381**
**—**
**—**
1,382
160
—
—|**—**
**1,381**
—
1,542| ||**1,382**
**160**
**—**
**—**
224
—
—
—|**—**
**1,542**
—
224| ||**224**
**—**
**—**
**—**
1,812
—
—
—|**—**
**224**
—
1,812| ||**1,812**
**—**
**—**
**—**
1,150
—
211
—|**—**
**1,812**
—
939| ||**1,150**
**—**
**211**
**—**
—
2,306
3,441
1,135|**—**
**939**
—
0| ||**—**
**2,306**
**3,441**
**1,135**
1,137
1,050
41
—|**—**
**0**
—
2,145| ||**1,137**
**1,050**
**41**
**—**
679
—
—
—|**—**
**2,145**
—
679| ||**679**
**—**
**—**
**—**
61,130
137,271
137,302
(1,550)|**—**
**679**
—
60,174| ||**61,130**
**137,271**
**137,302**
**(1,550)**|**—**
**60,685**| ||**83,597**
**154,454**
**160,507**
**—**|**—**
**78,170**| ## **Fund movement by type - 2019** |**und movement by type - 2019**|| |---|---| |**Childrens - Childrens Ministry**
Restricted
**Sub-total for Childrens**
**Coffee - Coffee in Living Roo**
Restricted
**Sub-total for Coffee**
**Crump - Emily Crump**
Restricted
**Sub-total for Crump**
**Decoration - Decoration Fund**
Restricted
**Sub-total for Decoration**
**Discretion - Vicars Discretionary**
Restricted
**Sub-total for Discretion**|**Opening**
**Incoming**
**Outgoing**
**Transfers Gains/losses**
**Closing**
8,784
12,391
12,139
7,040
—
16,076| ||**8,784**
**12,391**
**12,139**
**7,040**
**—**
**16,076**
1,504
—
121
—
—
1,383| ||**1,504**
**—**
**121**
**—**
**—**
**1,383**
—
224
—
—
—
224| ||**—**
**224**
**—**
**—**
**—**
**224**
813
—
—
1,000
—
1,813| ||**813**
**—**
**—**
**1,000**
**—**
**1,813**
1,080
100
30
—
—
1,150| ||**1,080**
**100**
**30**
**—**
**—**
**1,150**| _Page 17_ |**Flavel - Mary Flavel**
Designated
**Sub-total for Flavel**
**GD17 - Gift Day 2017**
Designated
**Sub-total for GD17**
**Gwilliam - Brian Gwilliam**
Designated
**Sub-total for Gwilliam**
**Hope - Hope for Children**
Restricted
**Sub-total for Hope**
**Mackley - Mackley**
Designated
**Sub-total for Mackley**
**Missioner - Missioner Worship Di**
Restricted
**Sub-total for Missioner**
**Oliver - Margaret Oliver**
Designated
**Sub-total for Oliver**
**Youth - Youth Ministry**
Restricted
**Sub-total for Youth**
**Youth Event - Youth Events**
Restricted
**Sub-total for YouthEvent**
**General - General fund**
Unrestricted
**Sub-total for General**
**None - Agency collection**
Restricted
**Sub-total for None**
**Grand total**|1,072
—
—
(1,071)
—
1| |---|---| ||**1,072**
**—**
**—**
**(1,071)**
**—**
**1**
4,002
—
3,727
(275)
—
0| ||**4,002**
**—**
**3,727**
**(275)**
**—**
**0**
14,129
—
14,129
—
—
—| ||**14,129**
**—**
**14,129**
**—**
**—**
**—**
1
—
—
—
—
1| ||**1**
**—**
**—**
**—**
**—**
**1**
768
—
—
(767)
—
1| ||**768**
**—**
**—**
**(767)**
**—**
**1**
—
—
—
—
—
—| ||**—**
**—**
**—**
**—**
**—**
**—**
608
—
—
(607)
—
1| ||**608**
**—**
**—**
**(607)**
**—**
**1**
5,564
270
101
(4,595)
—
1,138| ||**5,564**
**270**
**101**
**(4,595)**
**—**
**1,138**
679
—
—
—
—
679| ||**679**
**—**
**—**
**—**
**—**
**679**
58,199
144,583
140,926
(725)
—
61,131| ||**58,199**
**139,923**
**140,926**
**(725)**
**—**
**56,471**
—
(25)
(28)
—
—
—| ||**—**
**(25)**
**(28)**
**—**
**—**
**—**| ||**97,202**
**157,543**
**171,145**
**—**
**—**
**83,597**| ## **Prior Year Statement of Financial Activities - 2019** ||**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Prior year**
**funds**
**funds**
**funds**
**funds**
**total funds**| |---|---| |**Income and endowments from:**
Donations and legacies
Income from charitable activities
Other trading activities
Investments
Other income
**Total income**
**Expenditure on:**
Raising funds
Expenditure on charitable activities
Other expenditure
**Total expenditure**
**Net income / (expenditure) resources before transfer**|131,537
12,696
—
144,232
138,795
5,853
75
—
5,928
5,005
31
—
—
31
39
230
—
—
230
159
6,931
189
—
7,120
5,053| ||**144,582**
**12,960**
**—**
**157,542**
**149,051**
443
—
—
443
793
148,767
9,570
—
158,337
144,198
9,571
2,794
—
12,365
12,308| ||**158,781**
**12,364**
**—**
**171,145**
**157,299**| ||**(14,198)**
**596**
**—**
**(13,602)**
**(8,248)**| _Page 18_ |**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Other recognised gains / losses**
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**
**Represented by**
**Unrestricted**
General fund
**Designated**
Brian Gwilliam
Gift Day 2017
Mackley
Margaret Oliver
Mary Flavel
Worship PC
**Restricted**
Agency collection
Childrens Ministry
Coffee in Living Room
Decoration Fund
Emily Crump
Hope for Children
Vicars Discretionary Fund
Youth Events
Youth Ministry|525
8,290
—
8,815
1,500
(3,970)
(4,845)
—
(8,815)
(1,500)| |---|---| ||**(17,643)**
**4,041**
**—**
**(13,602)**
**(8,248)**| ||**78,777**
**18,425**
**—**
**97,202**
**105,450**| ||**61,133**
**22,466**
**—**
**83,599**
**97,202**
61,133
—
—
61,133
58,199
—
—
—
—
14,129
0
—
—
0
4,002
0
—
—
0
767
0
—
—
0
607
0
—
—
0
1,071
—
—
—
—
—
—
2
—
2
—
—
16,076
—
16,076
8,784
—
1,382
—
1,382
1,504
—
1,812
—
1,812
813
—
224
—
224
—
—
0
—
0
0
—
1,150
—
1,150
1,080
—
679
—
679
679
—
1,137
—
1,137
5,564| _Page 19_