## **United Parish of Church Oakley with Wootton St Lawrence** **Financial Report for the Year Ended 31[st] December 2020** **Charity Registration Number 1131064** 1 ## **Contents** Aggregate Statement of Financial Activities ........................................................................................... 3 Aggregate Accounts ................................................................................................................................ 4 Accounting Policies ................................................................................................................................. 5 Independent Examiner’s Report ............................................................................................................. 7 Notes to the Aggregate Financial Statements ........................................................................................ 8 PCC Balance Sheet ................................................................................................................................ 13 PCC Income and Expenditure Account ................................................................................................. 14 Notes to the PCC Accounts ................................................................................................................... 15 Centres Management Committee Account .......................................................................................... 19 Buildings Accounts ................................................................................................................................ 20 Fabric Fund ............................................................................................................................................ 22 St. Leonards Baby and Toddler Groups ................................................................................................. 23 St Leonard’s Pre School ......................................................................................................................... 24 2 ## Aggregate Statement of Financial Activities |**FOR THE YEAR ENDING 31 DECEMBER 2020**
**Year 2020**
Notes
**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**2020**
**2019**
**INCOMING RESOURCES**
**£**
**£**
**£**
**£**
**£**
Voluntary Income
2a
120396
43094
0
163490
171979
Activities for generating Income
2b
18756
3127
21883
34673
Investment activities
2c
86
891
0
977
798
Church Activities
2d
11995
81439
93434
75863
Transferred in
2e
3750
0
3750
13049
Investment Gains or Losses
2f
0
-1222
-1222
1003
**TOTAL INCOMING RESOURCES**
154983
127329
0
282312
297366
**RESOURCES EXPENDED**
Church Activities
3a
131824
69216
0
201039
226798
Cost of Generating funds
3b
14765
3494
18260
27583
Cost of loan
70
70
189
Transferred out
3e
3750
0
3750
13049
**TOTAL RESOURCES EXPENDED**
150339
72780
0
223119
267620
**NET MOVEMENTS IN FUNDS**
4643
54549
0
59192
29746
Balances brought forward at 1st January
115536
944630
1138
1061304
1031536
**Balances carried forward at 31st December**
120180
999179
1138
1120497
1061282|**FOR THE YEAR ENDING 31 DECEMBER 2020**
**Year 2020**
Notes
**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**2020**
**2019**
**INCOMING RESOURCES**
**£**
**£**
**£**
**£**
**£**
Voluntary Income
2a
120396
43094
0
163490
171979
Activities for generating Income
2b
18756
3127
21883
34673
Investment activities
2c
86
891
0
977
798
Church Activities
2d
11995
81439
93434
75863
Transferred in
2e
3750
0
3750
13049
Investment Gains or Losses
2f
0
-1222
-1222
1003
**TOTAL INCOMING RESOURCES**
154983
127329
0
282312
297366
**RESOURCES EXPENDED**
Church Activities
3a
131824
69216
0
201039
226798
Cost of Generating funds
3b
14765
3494
18260
27583
Cost of loan
70
70
189
Transferred out
3e
3750
0
3750
13049
**TOTAL RESOURCES EXPENDED**
150339
72780
0
223119
267620
**NET MOVEMENTS IN FUNDS**
4643
54549
0
59192
29746
Balances brought forward at 1st January
115536
944630
1138
1061304
1031536
**Balances carried forward at 31st December**
120180
999179
1138
1120497
1061282|**FOR THE YEAR ENDING 31 DECEMBER 2020**
**Year 2020**
Notes
**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**2020**
**2019**
**INCOMING RESOURCES**
**£**
**£**
**£**
**£**
**£**
Voluntary Income
2a
120396
43094
0
163490
171979
Activities for generating Income
2b
18756
3127
21883
34673
Investment activities
2c
86
891
0
977
798
Church Activities
2d
11995
81439
93434
75863
Transferred in
2e
3750
0
3750
13049
Investment Gains or Losses
2f
0
-1222
-1222
1003
**TOTAL INCOMING RESOURCES**
154983
127329
0
282312
297366
**RESOURCES EXPENDED**
Church Activities
3a
131824
69216
0
201039
226798
Cost of Generating funds
3b
14765
3494
18260
27583
Cost of loan
70
70
189
Transferred out
3e
3750
0
3750
13049
**TOTAL RESOURCES EXPENDED**
150339
72780
0
223119
267620
**NET MOVEMENTS IN FUNDS**
4643
54549
0
59192
29746
Balances brought forward at 1st January
115536
944630
1138
1061304
1031536
**Balances carried forward at 31st December**
120180
999179
1138
1120497
1061282|**FOR THE YEAR ENDING 31 DECEMBER 2020**
**Year 2020**
Notes
**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Total**
**Funds**
**Funds**
**Funds**
**2020**
**2019**
**INCOMING RESOURCES**
**£**
**£**
**£**
**£**
**£**
Voluntary Income
2a
120396
43094
0
163490
171979
Activities for generating Income
2b
18756
3127
21883
34673
Investment activities
2c
86
891
0
977
798
Church Activities
2d
11995
81439
93434
75863
Transferred in
2e
3750
0
3750
13049
Investment Gains or Losses
2f
0
-1222
-1222
1003
**TOTAL INCOMING RESOURCES**
154983
127329
0
282312
297366
**RESOURCES EXPENDED**
Church Activities
3a
131824
69216
0
201039
226798
Cost of Generating funds
3b
14765
3494
18260
27583
Cost of loan
70
70
189
Transferred out
3e
3750
0
3750
13049
**TOTAL RESOURCES EXPENDED**
150339
72780
0
223119
267620
**NET MOVEMENTS IN FUNDS**
4643
54549
0
59192
29746
Balances brought forward at 1st January
115536
944630
1138
1061304
1031536
**Balances carried forward at 31st December**
120180
999179
1138
1120497
1061282| |---|---|---|---| ||**Year 2020**
**Unrestricted**
**Restricted**
**Endowment**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
120396
43094
0
18756
3127
86
891
0
11995
81439
3750
0
0
-1222
154983
127329
0
131824
69216
0
14765
3494
70
3750
0
150339
72780
0
4643
54549
0
115536
944630
1138
120180
999179
1138||**Total**
**Total**
**2020**
**2019**
**£**
**£**
163490
171979
21883
34673
977
798
93434
75863
3750
13049
-1222
1003| ||||282312
297366| ||||201039
226798
18260
27583
70
189
3750
13049| ||||223119
267620| ||||59192
29746
1061304
1031536| ||||1120497
1061282| ||||| 3 ## Aggregate Accounts |**BALANCE**|**SHEET AS AT 31 DECEMBER 2020**|**Note**|**2020**|**2019**| |---|---|---|---|---| ||||**£**|**£**| |**Total Fixed**|**Assets**|5|729754|730933| |Current Assets||||| ||Nationwide Building Society accounts:|6a||| ||Charity account||0|154392| ||CCLA CofE Deposit Fund||180131|0| ||Hardship account (following move to PCC)||0|5039| ||Balaam account (following move to PCC)||0|363| ||Nat West Bank Accounts|6b||| ||United Parish current account||25342|62861| ||St Leonards Centre Building Project||0|4491| ||St Leonards Building Project in SLCBP moved to PCC||39890|39650| ||St Leonards Building Project moved to PCC||17241|13073| ||St Leonards Centre Building Project moved to PCC||1940|0| ||St Leonards Centre current account||15190|14949| ||Fabric Fund moved to PCC||4568|0| ||Fabric Fund current account (following move to PCC)||0|13135| ||Hardship Fund moved to PCC||5308|| ||Balaam moved to PCC||364|| ||St Leonards Pre School||33377|12387| ||St Leonards Baby and Toddler Groups||40|40| ||Metro Bank Accounts|||| ||St Leonards Centre Building Project Account||92050|72040| ||The Gap||1714|2075| ||OSN including Cash in Hand||3611|0| ||M+G Investments|||| ||M+G ChariFund Units value|6c|5820|7041| ||Debtors and Prepayments|6d|1816|842| ||Total Current Assets||428401|402378| |Current Liabilities||||| ||Creditors - amounts falling due within one year|7|-12658|-19028| ||Net Current Assets||415743|383349| |Non-Current|Liabilities|||| ||Creditors- amounts falling due after one year|8|0|-28000| |**Total Net Assets**|||**1145497**|**1086282**| |Parish Funds||||| ||Unrestricted|9a|120180|115536| ||Restricted|9b|999179|944608| ||Endowment|9c|1138|1138| ||Total Funds||1120497|1061282| |Reserves||||| ||Property re-evaluation reserve|9d|25000|25000| |**Total Funds and Reserves**|||**1145497**|**1086282**| Approved by the Parochial Church Council on 29th March 2021 and signed on its behalf by Rev’d Ben Kautzer (PCC Chairman) 4 ## Accounting Policies The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 in accordance with applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities (SORP FRS 102). The financial statements have been prepared under the historical cost convention except for the valuation of certain fixed assets and investments, 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 the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. The accounts are the aggregated accounts of the activities of the “United Parish of Church Oakley with Wootton St Lawrence”, “Centres Management Committee”, the “Buildings Accounts”, the “Fabric Fund”, the “St Leonard’s Baby and Toddler Group” and the “St Leonard’s Pre School”. The accounts for each of the six entities are appended and form part of the analysis and notes to the aggregated accounts shown above. In 2020 the Parish worked together with the Oakley and Deane Parish Council to set up the Oakley Support Network (OSN) to support Oakley with Wootton parishioners in response to the Covid 19 pandemic. The accounts for the OSN are also aggregated as a Restricted Fund within these accounts ## **Fund Accounting** Unrestricted Funds are income funds which are to be spent on PCC’s general purposes. Funds designated for a particular purpose by the PCC are also unrestricted. Restricted Funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor, and (b) revenue donations from or grants for a specific PCC activity intended by the donor. Endowment Funds are funds, the capital of which must be retained either permanently or at the PCC’s discretion; the income derived from the endowment is to be used either as restricted or unrestricted income funds depending upon the purpose for which the endowment was established in the first place. ## **Reserves** A specific reserve created from the re-valuation of the tangible property fixed assets as described below. The reserve is not available for distribution by the PCC and may only be realised if and only if the corresponding assets are sold or developed. Such a sale would require the agreement of the Diocesan Board of Finance who have endowed the PCC with the use of the assets. The historic cost of the underlying assets is not available to the PCC. ## **Incoming Resources** Planned giving, collections and similar donation are recognised when received. Tax refunds are recognised when the incoming resource to which they relate are received. Grants and legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are readily quantifiable. Dividends are accounted for when declared receivable, interest as and when accrued by the payer. 5 ## **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 expected to be paid over is accounted for when due. All other expenditure is generally recognised when it is incurred. ## **Fixed Assets** ## Consecrated property and movable church furnishings Consecrated and beneficed property is not included in the accounts in accordance with s.10 (2)(a) and (c) of the Charities Act 2011. Other fixed property is vested in the Diocesan Board of Finance as Diocesan Authority under the Parochial Church Councils (Powers) Measure 1956, effectively in trust for the PCC, with the PCC acting as managing trustees. Under the Charities Act, such property is included in the accounts notwithstanding the PCC’s lack of title. Such properties were valued by the PCC using the best available advice as to free market value for the current usage less any provision for restrictions on such a sale. Following the completion of the St Leonard’s Centre building project the Rectory Road site is now valued at actual costs. Moveable church furnishings held by the Rector 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 items are not valued in these financial statements Other fixtures, fittings and office equipment Equipment used within the church premises is depreciated on a straight-line basis over its expected useful life, subject to the initial purchase price being greater than £1,000. Purchases with an initial value less than or equal to £1,000 are written off in the year of purchase. ## **Investments** Investments are valued at market value ## **Current Assets and Liabilities** Cash and short-term deposits are held by the stated entity e.g., Bank or Building Society. Amounts owing to the PCC as of 31st December are shown as debtors and valued gross less any provision deemed appropriate for amounts that may prove uncollectable. Any sums legally due and payable by the PCC are included in the accounts as creditors and reflect the full value deemed likely to be paid. Contingent assets and liabilities are not brought into the accounts but may be reflected by way of note. ## **Agency Income and Expenditure** Voluntary donations received by the PCC, purely as agent, for specified objects whereby the PCC has no discretion are not included in either the income or expenditure of these account. Examples of this in 2020 included Christian Aid, Christingle service collection for the Children’s Society and monies collected for The Hub, an inter Church group of Oakley. 6 ## Independent Examiner’s Report to the Trustees of Oakley with Wootton Parochial Church Council (PCC) 7 ## Notes to the Aggregate Financial Statements ## **1. Accounting Policies** Please refer to the policies laid out on pages 6 and 7. ## **2. Incoming Resources** - a. Voluntary income For an analysis of the unrestricted funds please refer to regular giving plus other income in the accounts of the United Parish on page 15. For the restricted funds refer to: - note 2 (donations received) on page 16 Wootton Fund - note 3 (donations received) on page 16 Hardship Fund - note 9 on page 17 Oakley Youth Fund - note 13 Donations received on Page 19 Legacy - note 14 Donations received on Page 19 OSN and to the total income in the accounts of The Buildings Accounts on pages 21 and 22 and of the Fabric Fund on page 23. ## b. Activities for generating funds Gross income from the Centres Management Committee less interest. The Centres are separately managed and operate within a remit to provide free accommodation for all church activities and to provide a centre for village activities charging sufficient rental and hire fees to cover all necessary costs over the longer term. See accounts on page 20. - c. Income from investments Income from all bank accounts and the M+G Charity Fund dividend income. - d. Church activities Unrestricted funds are fees from birth, deaths and marriage services, and the income from St. Leonard’s Baby and Toddler Groups. See accounts page 24. Restricted funds are the income from St Leonard’s Pre School. See accounts page 25. - e. Transfers in/out. The Centres transferred £3,750 to the PCC towards PCC costs - f. Investment gains and losses - Market value movements on the M+G Charity Fund. This invests in assets that are linked to stock market movements ## **3. Resources Expended** ## a. Church activities Refer to pages 21 and 22 for details on the Buildings Accounts, page 23 for the Fabric Fund and page 25 for St Leonard’s Pre School. Endowment funds Refer to notes 1 and 4 on page 16. 8 |**Unrestricted funds**
**2020**
**2019**
**£**
**£**
Wedding Organist and Other fees
117
659
Out-parish giving (see note 10)
10000
8000
Diocesan parish share
75239
72508
Expenses of clergy
643
1305
Gross salary costs of office staff
19473
18924
Church expenses
1901
2621
Insurance
5881
5812
General repairs & maintenance
767
1274
Sunday school and Youth
562
552
Fees to Diocese for Weddings, Funerals
4857
4295
Parish office and administration cost
11131
11033
St Leonard’s Baby and Toddler Group
505
2020
Depreciation
749
258
Total
131824
129260
Refer to page 22 for details on St Leonard’s Baby and Toddler Group.
**Restricted funds**
**2020**
**2019**
**£**
**£**
Hardship fund disbursements made
211
598
St Leonard’s Centre Building Project
4946
4856
St Leonards Building Project
5200
10985
Fabric Fund
-14489
28875
St Leonard’s Pre School
60449
49774
Oakley Youth Fund
0
790
Wootton
6190
657
Total
62507
96536|**Unrestricted funds**
**2020**
**2019**
**£**
**£**
Wedding Organist and Other fees
117
659
Out-parish giving (see note 10)
10000
8000
Diocesan parish share
75239
72508
Expenses of clergy
643
1305
Gross salary costs of office staff
19473
18924
Church expenses
1901
2621
Insurance
5881
5812
General repairs & maintenance
767
1274
Sunday school and Youth
562
552
Fees to Diocese for Weddings, Funerals
4857
4295
Parish office and administration cost
11131
11033
St Leonard’s Baby and Toddler Group
505
2020
Depreciation
749
258
Total
131824
129260
Refer to page 22 for details on St Leonard’s Baby and Toddler Group.
**Restricted funds**
**2020**
**2019**
**£**
**£**
Hardship fund disbursements made
211
598
St Leonard’s Centre Building Project
4946
4856
St Leonards Building Project
5200
10985
Fabric Fund
-14489
28875
St Leonard’s Pre School
60449
49774
Oakley Youth Fund
0
790
Wootton
6190
657
Total
62507
96536|**Unrestricted funds**
**2020**
**2019**
**£**
**£**
Wedding Organist and Other fees
117
659
Out-parish giving (see note 10)
10000
8000
Diocesan parish share
75239
72508
Expenses of clergy
643
1305
Gross salary costs of office staff
19473
18924
Church expenses
1901
2621
Insurance
5881
5812
General repairs & maintenance
767
1274
Sunday school and Youth
562
552
Fees to Diocese for Weddings, Funerals
4857
4295
Parish office and administration cost
11131
11033
St Leonard’s Baby and Toddler Group
505
2020
Depreciation
749
258
Total
131824
129260
Refer to page 22 for details on St Leonard’s Baby and Toddler Group.
**Restricted funds**
**2020**
**2019**
**£**
**£**
Hardship fund disbursements made
211
598
St Leonard’s Centre Building Project
4946
4856
St Leonards Building Project
5200
10985
Fabric Fund
-14489
28875
St Leonard’s Pre School
60449
49774
Oakley Youth Fund
0
790
Wootton
6190
657
Total
62507
96536|**Unrestricted funds**
**2020**
**2019**
**£**
**£**
Wedding Organist and Other fees
117
659
Out-parish giving (see note 10)
10000
8000
Diocesan parish share
75239
72508
Expenses of clergy
643
1305
Gross salary costs of office staff
19473
18924
Church expenses
1901
2621
Insurance
5881
5812
General repairs & maintenance
767
1274
Sunday school and Youth
562
552
Fees to Diocese for Weddings, Funerals
4857
4295
Parish office and administration cost
11131
11033
St Leonard’s Baby and Toddler Group
505
2020
Depreciation
749
258
Total
131824
129260
Refer to page 22 for details on St Leonard’s Baby and Toddler Group.
**Restricted funds**
**2020**
**2019**
**£**
**£**
Hardship fund disbursements made
211
598
St Leonard’s Centre Building Project
4946
4856
St Leonards Building Project
5200
10985
Fabric Fund
-14489
28875
St Leonard’s Pre School
60449
49774
Oakley Youth Fund
0
790
Wootton
6190
657
Total
62507
96536|**Unrestricted funds**
**2020**
**2019**
**£**
**£**
Wedding Organist and Other fees
117
659
Out-parish giving (see note 10)
10000
8000
Diocesan parish share
75239
72508
Expenses of clergy
643
1305
Gross salary costs of office staff
19473
18924
Church expenses
1901
2621
Insurance
5881
5812
General repairs & maintenance
767
1274
Sunday school and Youth
562
552
Fees to Diocese for Weddings, Funerals
4857
4295
Parish office and administration cost
11131
11033
St Leonard’s Baby and Toddler Group
505
2020
Depreciation
749
258
Total
131824
129260
Refer to page 22 for details on St Leonard’s Baby and Toddler Group.
**Restricted funds**
**2020**
**2019**
**£**
**£**
Hardship fund disbursements made
211
598
St Leonard’s Centre Building Project
4946
4856
St Leonards Building Project
5200
10985
Fabric Fund
-14489
28875
St Leonard’s Pre School
60449
49774
Oakley Youth Fund
0
790
Wootton
6190
657
Total
62507
96536| |---|---|---|---|---| |||**2020**
**£**
117
10000
75239
643
19473
1901
5881
767
562
4857
11131
505
749|**2019**
**£**
659
8000
72508
1305
18924
2621
5812
1274
552
4295
11033
2020
258|| |||131824|129260|| |||**2020**
**£**
211
4946
5200
-14489
60449
0
6190
62507||**2019**
**£**
598
4856
10985
28875
49774
790
657
96536| - b. Cost of generating funds Gross costs of running St. Leonard’s Centre and St John’s Centre (see Centres Management Committee accounts page 20). 9 ## **4. Staff Costs** During the year, the PCC employed eleven part-time staff. ||**2020**|**2019**| |---|---|---| ||**£**|**£**| |Wages and salaries|71584|62462| |Pension costs|1726|864| |Total|73311|63326| |||| ## **Payments to PCC Members** Expenses were reimbursed to Derek Felton, Sheila Compton, Mark Peryer, Tina Skinner, Katey Butler, Penny Brown, and Tim Saunders for materials and expenses incurred for Church Activities. No other payments or expenses were paid to any other PCC member, persons connected to them or related parties, for work on the PCC. An immaterial amount was paid to some members for other responsibilities. ## **5. Fixed Assets** |||**Land and**|**Fitting and**|| |---|---|---|---|---| |**Tangible**||**Buildings**|**Equipment**|**Total**| |||**£**|**£**|**£**| |ACTUAL COST|As of 1 January 2020|725,977|66,784|792,761| ||Disposals|0|0|0| ||Additions at cost|0|1,964|1,964| ||As of 31st December 2020|725,977|68,748|794,725| |DEPRECIATION|As of 1st January 2020|0|61,828|61,828| ||Disposals|0|0|0| ||Charge for the year|0|3,143|3,143| ||As of 31st December 2020|0|64,971|64,971| |NET||725,977|3,777|729,754| ## Land and Buildings This comprises land and buildings in two separate sites: - The first comprises a land area off Rectory Road, Church Oakley. Upon this land is sited St Leonard’s Centre, with the attached Parish Office and a number of rooms and facilities for Church use and for external hire - The second parcel of land is adjacent to St Johns Garden of Remembrance but not part of the Church consecrated grounds. The area is approximately 0.7 acres. It has been laid to lawn and is used for fetes and play area by the community. Given its current use as agricultural land, the value is deemed to be £25,000. It should be noted that, if sold for building land, its current market value could exceed £700,000, based upon current building land values. 10 ## **6. Current Assets** In 2020 The PCC has simplified our bank accounts to bring the majority of the day-to-day movements within the PCC NatWest Account to facilitate both the monthly bank reconciliations and PCC reporting: - Building Society accounts (Note 6a). The PCC has in prior years maintained a number of building society accounts for short term deposits. Some of the accounts directly relate to specific funds. In 2020 the Nationwide withdrew from offering such accounts and the Charity, Balaam and Hardship accounts were closed. The funds were initially moved to the NatWest PCC account. The PCC no longer has any accounts with the Nationwide Building Society, Basingstoke. - Cash at bank and in hand (Note 6b) In prior years, the PCC, St Leonard’s Centre, St Leonard’s Centre Building Project, Fabric Fund and St Leonard’s Pre School and Oakley Toddler Group have maintained separate bank accounts held by NatWest Bank, Basingstoke and by Metro Bank, Basingstoke. In 2020 the St Leonard’s Centre Building Project and the Fabric Fund balances were moved to the NatWest PCC account. This account is an interest-bearing charity accounts and is used for the receipt and payment of income - Church Charities and Local Authorities (“CCLA”) Church of England Deposit Fund The PCC has created a new account with the CCLA and moved £180,000 to their Church of England Deposit Fund. This was undertaken to avoid incurring bank charges with NatWest Bank and in order to earn a competitive rate of interest. - - M&G Charifund (Note 6c) The PCC holds units in the M&G Charifund for the Oakley Youth Fund. The market value of these units fell in 2020. ## Debtors and prepayments (Note 6d) Refer to note 7 on page 17. ## **7. Liabilities** The final £3,925 of accumulated interest for the St Johns Chapel Demolition Loan was repaid in 2020 to The Winchester Diocesan Board of Finance. The Loan and interest are now repaid. ## **8. Funds and Reserves** ## a. Unrestricted funds The unrestricted funds are those where the PCC has an unfettered right to use the funds to further its objectives. ## b. Restricted Funds Restricted funds are so by virtue of the specific objects expressed at the time of creating the fund. This category includes the Hardship fund, the St Leonard’s Centre Building Project, the St Leonard’s Building Project Fund, the Fabric Fund and St Leonard’s Pre School, Oakley Youth Fund, The Evergreen’s Legacy, and the Wootton St. Lawrence Repair Fund. In 2020 the Oakley Support Network was included as a new Restricted Fund During 2016 a restricted fund was set up. The use of the fund is restricted to chancel repair costs at Wootton St. Lawrence church. The fund of £1,000 is held by the Winchester Diocese. 11 ## c. Endowment Funds The PCC enjoys the benefit of two endowments, namely the Graveyard Trust and the Balaam fund. The PCC has the use of the interest of each fund for its respective object but may not utilise the capital which remains in perpetuity. It should be noted that the Balaam fund includes the accumulated interest to date of the bequest. Being small the annual interest has been left to accumulate within the fund. ## d. Property Revaluation Reserve Created by the valuation of the Land at St John’s at Rectory Road Church Oakley. The reserve is not available for distribution unless the corresponding assets are sold. In 2009 the valuation on the St Leonard’s Centre was replaced by the actual costs of the redevelopment (see note 5 above). 12 ## PCC Balance Sheet ## **PCC BALANCE SHEET AS AT 31 DECEMBER 2020** ||||**2020**|**2020**|**2019**|| |---|---|---|---|---|---|---| |**Reserves**||**Note**|**£**|**£**|**£**|**£**| |General Fund||||||| ||Balance b/f 1st January|||_100527_||82826| ||Add: Income for the year||_130748_||139986|| ||Less: Expenditure for the year||_-126345_|_4403_|-122286|17700| |||||_104929_||100527| |Graveyard Trusts||1|_775_||775|| |Wootton St. Lawrence Repair Fund||2|_10938_||16928|| |Hardship Fund||3|_5309_||5039|| |Balaam Fund for St Lawrence Books||4|_364_||363|| |Legacy||14|_111680_||113550|| |Oakley Youth Fund||9|_17946_||19245|| |Oakley Support Network|||_3611_||0|| |||||_150623_||155900| |||||**_255553_**||**256427**| |**Fixed Assets**||5||_2680_||1487| |M+G ChariFund||9||_5820_||7041| |Nationwide Anglia Building Society||||||| ||Charity account|6|_0_||154392|| ||Hardship account|3|_0_||5039|| ||Balaam account|4|_0_|_0_|363|159794| |CCLA CoE Deposit Fund|||_180131_|_180131_|0|| |MetroBank|The Gap||_1714_|_1714_|2075|2075| |Metrobank Oakley Support Network|||_3611_|_3611_|0|0| |National Westminster Bank||||||| ||Current account inc Hardship|||||| ||and Balaam|6||_31014_||62861| |**Debtors**||7||_43241_||38342| |**Creditors -amounts falling due within**||||||| |**one year**||8||_-12658_||-15174| |||||**_255553_**||**256427**| 13 ## PCC Income and Expenditure Account For the year ended 31 December 2020 ||||**2020**||**2019**|| |---|---|---|---|---|---|---| |**Income**||Note|**£**|**£**|**£**|**£**| |Regular Giving||||||| |Envelopes|||9,884||18,640|| |Giving via Bank and Parish Giving|Scheme||88,301||85,199|| |Income tax refunded|||21,143||22,052|| |Church Plate collections|||1,067|120,396|2,391|128,282| |Other Income and Dedductions||||||| |Centres Contribution to PCC Central Costs|||3,750||5,000|| |Photocopying, Christmas Fayre, Green week|||182||1,681|| |Oakley Youth Fund Dividends from Unit Shares||9|0|||| |Oakley Youth Fund Units change in market value|||0|||| |Baby and Toddler Groups|||-87||-212|| |Bookstall (net of income/cost)|||68|3,912|89|6,558| |||||124,308||134,840| |Fees and Charges||10||6,354||5,106| |Interest on Deposits||||86||40| ||**Total Income**|||**130,748**||**139,986**| |**Less: Expenditure**||||||| |Diocesan Quota|||75,239||72,508|| |Out Parish giving||11|10,000||8,000|| |||||85,239||80,508| |Church Employees||||20,116||20,228| |Church Expenses||||||| |Energy|||1,650||2,492|| |Insurance|||5,881||5,812|| |Parish Office and administration costs|||11,131||11,033|| |Training courses and conferences|||0||0|| |Purchase of equipment|||251||129|| |Depreciation charge in year|||749|19,662|258|19,723| |Repairs and Maintenance||||767||1,274| |Sunday School and Youth||||562||552| ||**Total Expenditure**|||**126,345**||**122,286**| |**Surplus Income**||||**4,403**||**17,700**| 14 ## Notes to the PCC Accounts Balance Sheet: 1. Specific legacies are held in trust by the PCC for the upkeep of certain graves. The funds are not available for distribution and therefore are not part of the general fund. The assets, which represent these trust moneys, are held by the National Westminster Bank Plc., London Street, Basingstoke having the following nominal value: Hatch grave fund £360; Hume legacy £115; and Monkhouse grave fund £300. 2. Certain of the residents of Wootton St Lawrence subscribed to the specific fund for the repair and maintenance of that Church. Neither the donations nor the expenditure was accounted for in the Income and Expenditure Account of the United Parish but shown in the separate account below. In 2017 the cash balance was transferred into the PCC and is now a restricted fund. The accounts are shown below. |**2020**
**2019**
**£**
**£**
Balance b/f
16,928
16,735
Add
Donations received
200
850
Interest received
0
0
17,128
17,585
Less
Expenses incurred
-6,190
-657
Balance c/f
10,938
16,928|**2020**
**2019**
**£**
**£**
Balance b/f
16,928
16,735
Add
Donations received
200
850
Interest received
0
0
17,128
17,585
Less
Expenses incurred
-6,190
-657
Balance c/f
10,938
16,928|**2020**
**2019**
**£**
**£**
Balance b/f
16,928
16,735
Add
Donations received
200
850
Interest received
0
0
17,128
17,585
Less
Expenses incurred
-6,190
-657
Balance c/f
10,938
16,928| |---|---|---| ||**2020**
**£**
16,928
200
0
17,128
-6,190
10,938|**2019**
**£**
16,735
850
0| |||17,585
-657| |||16,928| |||| 3. Set up in 1992 by a donation from out parish giving, the Hardship Fund received specific individual donations, which do not form part of the income of the parish. A number of worthy cases have received benefit. The account is shown below: |**2020**
**2019**
**£**
**£**
Balance b/f
5,039
5,266
Add
Donations received
470
365
Interest received
11
5
5,520
5,637
Less
Distributions made in the year
-211
-598
Balance c/f
5,309
5,039|**2020**
**2019**
**£**
**£**
Balance b/f
5,039
5,266
Add
Donations received
470
365
Interest received
11
5
5,520
5,637
Less
Distributions made in the year
-211
-598
Balance c/f
5,309
5,039|**2020**
**2019**
**£**
**£**
Balance b/f
5,039
5,266
Add
Donations received
470
365
Interest received
11
5
5,520
5,637
Less
Distributions made in the year
-211
-598
Balance c/f
5,309
5,039| |---|---|---| ||**2020**
**£**
5,039
470
11
5,520
-211
5,309|**2019**
**£**
5,266
365
5
5,637
-598
5,039| 4. The Balaam fund marks a bequest for the purpose of offsetting the expenses of running Sunday Schools at St Lawrence Church. There were no qualifying expenses in 2020. 6. The current account is shown as per the cash book. The actual year end bank balance stood at £93,976 (73,470) and has operated in credit throughout the year earning interest of £0(£0). The current account is used for the day to day running of the parish with surplus funds first transferred to the Nationwide Charity account and then when that closed, to the CCLA Church of England 15 Deposit Fund. The Charity account earned interest of £131 (£154) and the CCLA Church of England Fund has also earned £131 (£0). 87. Debtors and Prepayments There is a matching Debtor in PCC, and Creditor in Fabric Fund for the St Johns Demolition loan that will be set off in 2021 |**2020**
**2019**
**£**
**£**
HMRC Gift Aid
1,816
842
Fabric Fund
41,425
37,500
**Total**
**43,241**
**38,342**|**2020**
**2019**
**£**
**£**
HMRC Gift Aid
1,816
842
Fabric Fund
41,425
37,500
**Total**
**43,241**
**38,342**|**2020**
**2019**
**£**
**£**
HMRC Gift Aid
1,816
842
Fabric Fund
41,425
37,500
**Total**
**43,241**
**38,342**| |---|---|---| ||**2020**
**£**
1,816
41,425
**43,241**|**2019**
**£**
842
37,500| |||**38,342**| 8. Creditors – amounts falling due within one year. |**2020**
**2019**
**£**
**£**
Accrual for governance costs
560
560
Oakley Books fund
3,556
3,488
Springboard funds
2,912
2,912
Mission Giving
4,760
8,000
Evergreen
870
214
Other Creditors
0
0
**Total**
**12,658**
**15,174**|**2020**
**2019**
**£**
**£**
Accrual for governance costs
560
560
Oakley Books fund
3,556
3,488
Springboard funds
2,912
2,912
Mission Giving
4,760
8,000
Evergreen
870
214
Other Creditors
0
0
**Total**
**12,658**
**15,174**|**2020**
**2019**
**£**
**£**
Accrual for governance costs
560
560
Oakley Books fund
3,556
3,488
Springboard funds
2,912
2,912
Mission Giving
4,760
8,000
Evergreen
870
214
Other Creditors
0
0
**Total**
**12,658**
**15,174**| |---|---|---| ||**2020**
**£**
560
3,556
2,912
4,760
870
0
**12,658**|**2019**
**£**
560
3,488
2,912
8,000
214
0| |||**15,174**| Income and Expenditure Account - 9 Oakley Youth Fund St. John’s Centre Charity was a separately registered charity for youth work in the local community. In 2017 the charity was wound up and £13,540 of cash was transferred to the PCC together with a £6,965 investment in the M+G ChariFund. The PCC transferred £13,540 of cash and the M+G investment to a new restricted fund the Oakley Youth Fund for youth work in the local community. The Gap youth work has been funded, where required, out of the Oakley Youth Fund. |**2020**
**2019**
**£**
**£**
Balance b/f
19,245
18,605
Transfers in
0
0
Add
Donations received
0
20
The Gap trading
income
632
3,259
Dividends from Charifund Units received
284
352
Movement in Market value of Charifund Units
-1,222
1,003
18,940
23,239
Less
The Gap Expenses
-994
-3,203
Expenses incurred Pop UK
0
-790
Balance c/f
17,946
19,245|**2020**
**2019**
**£**
**£**
Balance b/f
19,245
18,605
Transfers in
0
0
Add
Donations received
0
20
The Gap trading
income
632
3,259
Dividends from Charifund Units received
284
352
Movement in Market value of Charifund Units
-1,222
1,003
18,940
23,239
Less
The Gap Expenses
-994
-3,203
Expenses incurred Pop UK
0
-790
Balance c/f
17,946
19,245|**2020**
**2019**
**£**
**£**
Balance b/f
19,245
18,605
Transfers in
0
0
Add
Donations received
0
20
The Gap trading
income
632
3,259
Dividends from Charifund Units received
284
352
Movement in Market value of Charifund Units
-1,222
1,003
18,940
23,239
Less
The Gap Expenses
-994
-3,203
Expenses incurred Pop UK
0
-790
Balance c/f
17,946
19,245|**2020**
**2019**
**£**
**£**
Balance b/f
19,245
18,605
Transfers in
0
0
Add
Donations received
0
20
The Gap trading
income
632
3,259
Dividends from Charifund Units received
284
352
Movement in Market value of Charifund Units
-1,222
1,003
18,940
23,239
Less
The Gap Expenses
-994
-3,203
Expenses incurred Pop UK
0
-790
Balance c/f
17,946
19,245| |---|---|---|---| ||Balance b/f
Transfers in
Add
Donations received
The Gap trading
income
Dividends from Charifund Units received
Movement in Market value of Charifund Units
Less
The Gap Expenses
Expenses incurred Pop UK
Balance c/f|**2020**
**£**
19,245
0
0
632
284
-1,222
18,940
-994
0
17,946|**2019**
**£**
18,605
0
20
3,259
352
1,003| ||||23,239
-3,203
-790| ||||19,245| ||||| 16 ## 10 Fees and Charges |**2020**
**2019**
**£**
**£**
Fees from Birth, death and marriage services
11,328
10,060
Other expenses
-117
-659
Less tariff payments to the Diocese, WDBF
-4,857
-4,295
6,354
5,106|**2020**
**2019**
**£**
**£**
Fees from Birth, death and marriage services
11,328
10,060
Other expenses
-117
-659
Less tariff payments to the Diocese, WDBF
-4,857
-4,295
6,354
5,106|**2020**
**2019**
**£**
**£**
Fees from Birth, death and marriage services
11,328
10,060
Other expenses
-117
-659
Less tariff payments to the Diocese, WDBF
-4,857
-4,295
6,354
5,106| |---|---|---| ||**2020**
**£**
11,328
-117
-4,857
6,354|**2019**
**£**
10,060
-659
-4,295| |||5,106| |||| 11 Out parish giving: Distributed according to the delegated authority of the Missions Giving Group. |**2020**
**2019**
**£**
**£**
Basingstoke
Chaplaincy
750
600
BESOM
750
600
Bible Society
0
100
Cedar Tree
Counselling
0
500
Child of Hope
3,000
900
Childs Trust
Orphanage
1,250
750
Malawi Association for Christian Support
500
750
Mechanics for Africa
500
900
Money Lifeline
500
900
Open the Book
50
0
St Gabriels
500
0
The Safe Basingstoke
1,000
0
URC Youth Café
750
500
WEC Mathew Cripps
0
900
Women and Child in Need
0
0
Unallocated by yearend 2020
450
600
**Total**
**10,000**
**8,000**|**2020**
**2019**
**£**
**£**
Basingstoke
Chaplaincy
750
600
BESOM
750
600
Bible Society
0
100
Cedar Tree
Counselling
0
500
Child of Hope
3,000
900
Childs Trust
Orphanage
1,250
750
Malawi Association for Christian Support
500
750
Mechanics for Africa
500
900
Money Lifeline
500
900
Open the Book
50
0
St Gabriels
500
0
The Safe Basingstoke
1,000
0
URC Youth Café
750
500
WEC Mathew Cripps
0
900
Women and Child in Need
0
0
Unallocated by yearend 2020
450
600
**Total**
**10,000**
**8,000**|**2020**
**2019**
**£**
**£**
Basingstoke
Chaplaincy
750
600
BESOM
750
600
Bible Society
0
100
Cedar Tree
Counselling
0
500
Child of Hope
3,000
900
Childs Trust
Orphanage
1,250
750
Malawi Association for Christian Support
500
750
Mechanics for Africa
500
900
Money Lifeline
500
900
Open the Book
50
0
St Gabriels
500
0
The Safe Basingstoke
1,000
0
URC Youth Café
750
500
WEC Mathew Cripps
0
900
Women and Child in Need
0
0
Unallocated by yearend 2020
450
600
**Total**
**10,000**
**8,000**| |---|---|---| ||**2020**
**£**
750
750
0
0
3,000
1,250
500
500
500
50
500
1,000
750
0
0
450
**10,000**|**2019**
**£**
600
600
100
500
900
750
750
900
900
0
0
0
500
900
0
600| |||**8,000**| |||| 12 Church Employees. |**2020**
**2019**
**£**
**£**
Expenses of Clergy
643
1,305
Salaries and expenses of Other employees
19,473
18,924
**Total**
**20,116**
**20,228**|**2020**
**2019**
**£**
**£**
Expenses of Clergy
643
1,305
Salaries and expenses of Other employees
19,473
18,924
**Total**
**20,116**
**20,228**|**2020**
**2019**
**£**
**£**
Expenses of Clergy
643
1,305
Salaries and expenses of Other employees
19,473
18,924
**Total**
**20,116**
**20,228**| |---|---|---| ||**2020**
**£**
643
19,473
**20,116**|**2019**
**£**
1,305
18,924| |||**20,228**| |||| 17 ## 13. Legacies and Donations In 2017 the PCC received a legacy of £113,970. In 2018-20 there have been further legacies and donations. This money is Restricted. |**Oakley Support Network**|**Oakley Support Network**| |---|---| |**Income and Expenditure account for year ended 31 December 2020**|| ||**2020**
**2019**| |**Income and Expenditure**
**£**
**£**|| |**Income**|| |Donations|7781
0| |Service user’s payments
2495
0|| |Other|0| |**Total Income**
**10275**
**0**|| ||| |**Expenditure**|| |Running Costs
4163
0|| |Cost of services and volunteer reimbursement
2501
0|| |**Total Expenditure**
**6664**
**0**|| ||| |**Surplus Income**
**3611**
**0**|| ||| |**Balance Sheet**|| |Bank|2943
0| |Cash in Hand|643
0| |Creditors|25
0| |Debtors|0
0| ||**3611**
**0**| |Represented by:|| |Accumulated fund|| |As at beginning of period
0
0|| |Surplus for the period
3611
0|| |Transferred in|0
0| |OSN FUNDS - Restricted
**3611**
0|| 18 ## Centres Management Committee Account ||**2020**|**2019**| |---|---|---| |**Income and Expenditure account**|**£**|**£**| |**for the year ended 31 December 2020**||| |**Income**||| |Hall||| |hires||| |St Leonard's Play School|5,819|6,188| |St Leonard's Baby and Toddler group|494|1,782| |Other Bookings|5,501|14,489| |SLC SUBTOTAL|11,814|22,459| |St John's Centre|6,942|8,955| |**Total Income**|**18,756**|**31,414**| |**Expenditure**||| |Centres running costs||| |Water and sewerage|674|720| |Cleaning|1,613|2,264| |Electricity|1,408|1,720| |Oil|2,194|2,892| |Insurance|503|3,031| |Lift and shutters|276|276| |Sanitary|659|879| |Fire alarm/Fire Equipment|0|494| |Salaries|3,047|5,672| |Other|868|2,360| |**SLC Subtotal**|**11,242**|**20,308**| |ST Johns Electricity|1,341|2,590| |St Johns Water/Sewage|1,596|654| |St Johns Other|55|498| |St Johns Refuse|474|407| |St Johns Insurance|57|57| |**St Johns Subtotal**|**3,523**|**4,206**| |**Parish Centres team contribution to PCC for central**||| |**running costs**|**3,750**|**5,000**| |**Total Expenditure**|**18,515**|**29,514**| |**Surplus Income**|**241**|**1,900**| |**Balance Sheet**||| |Debtors- amounts falling due within 1 year|0|0| |Creditors- amounts falling due within one year|0|0| |Cash held in current account|15,190|14,949| |**Total Net Assets**|**15,190**|**14,949**| |**Parish Funds**|**15,190**|**14,949**| 19 ## Buildings Accounts |**2020**
**2019**
**£**
**£**
**Income and Expenditure**
**Income**
Interest
704
638
Regular giving to St Leonard's Centre Building Project
0
0
Donations to the St. Leonards Church Project
28,914
41,786
**Total Income**
**29,618**
**42,424**
**Expenditure**
St. Leonard's Centre Repairs
2,551
600
St. Leonard's Centre Depreciation
2,395
4,256
St. Leonard's Church Project
5,200
10,985
Bank charges
0
0
**Total Expenditure**
**10,146**
**15,842**
**Surplus of Income over Expenditure**
**19,472**
**26,582**
**Balance Sheet**
Tangible fixed assets
702,052
704,446
Bank accounts
Nat West St Leonard's Centre Building Project
1,940
4,491
Nat West St Leonard's Church Project
39,890
39,650
Nat West PCC Account
17,241
13,073
Metro Bank St Leonard's Church Project
92,050
72,040
Debtors
0
0
Current liabilities -amounts falling due within one year
0
0
**Net Current Assets**
**853,172**
**833,700**
Liabilities -amounts falling due after one year
0
0
**Total Net Assets**
**853,172**
**833,700**
**Parish Funds - Restricted**
**853,172**
**833,700**|**2020**
**2019**
**£**
**£**
**Income and Expenditure**
**Income**
Interest
704
638
Regular giving to St Leonard's Centre Building Project
0
0
Donations to the St. Leonards Church Project
28,914
41,786
**Total Income**
**29,618**
**42,424**
**Expenditure**
St. Leonard's Centre Repairs
2,551
600
St. Leonard's Centre Depreciation
2,395
4,256
St. Leonard's Church Project
5,200
10,985
Bank charges
0
0
**Total Expenditure**
**10,146**
**15,842**
**Surplus of Income over Expenditure**
**19,472**
**26,582**
**Balance Sheet**
Tangible fixed assets
702,052
704,446
Bank accounts
Nat West St Leonard's Centre Building Project
1,940
4,491
Nat West St Leonard's Church Project
39,890
39,650
Nat West PCC Account
17,241
13,073
Metro Bank St Leonard's Church Project
92,050
72,040
Debtors
0
0
Current liabilities -amounts falling due within one year
0
0
**Net Current Assets**
**853,172**
**833,700**
Liabilities -amounts falling due after one year
0
0
**Total Net Assets**
**853,172**
**833,700**
**Parish Funds - Restricted**
**853,172**
**833,700**|**2020**
**2019**
**£**
**£**
**Income and Expenditure**
**Income**
Interest
704
638
Regular giving to St Leonard's Centre Building Project
0
0
Donations to the St. Leonards Church Project
28,914
41,786
**Total Income**
**29,618**
**42,424**
**Expenditure**
St. Leonard's Centre Repairs
2,551
600
St. Leonard's Centre Depreciation
2,395
4,256
St. Leonard's Church Project
5,200
10,985
Bank charges
0
0
**Total Expenditure**
**10,146**
**15,842**
**Surplus of Income over Expenditure**
**19,472**
**26,582**
**Balance Sheet**
Tangible fixed assets
702,052
704,446
Bank accounts
Nat West St Leonard's Centre Building Project
1,940
4,491
Nat West St Leonard's Church Project
39,890
39,650
Nat West PCC Account
17,241
13,073
Metro Bank St Leonard's Church Project
92,050
72,040
Debtors
0
0
Current liabilities -amounts falling due within one year
0
0
**Net Current Assets**
**853,172**
**833,700**
Liabilities -amounts falling due after one year
0
0
**Total Net Assets**
**853,172**
**833,700**
**Parish Funds - Restricted**
**853,172**
**833,700**| |---|---|---| ||**2020**
**£**
704
0
28,914|**2019**
**£**
638
0
41,786| ||**29,618**|**42,424**| ||2,551
2,395
5,200
0|600
4,256
10,985
0| ||**10,146**|**15,842**| |||| ||**19,472**|**26,582**| ||702,052
1,940
39,890
17,241
92,050
0
0|| |||704,446
4,491
39,650
13,073
72,040
0
0| ||**853,172**|**833,700**| ||0|0| ||**853,172**|**833,700**| |||| ||**853,172**|**833,700**| |||| 20 |**St Leonard's Centre Building Project**|**2020**|**2019**| |---|---|---| ||**£**|**£**| |Opening Balance|4491|5091| |Charges|0|0| |Expenditure|-2551|-600| |Donation|0|0| |Interest|0|0| |Transfer to PCC||| |**Closing Balance**|**1940**|**4491**| |**St Leonard's Church Building Project**|**2020**|**2019**| ||**£**|**£**| |Opening Balance|124763|93324| |Expenditure|-5200|-10985| |Deposits|28914|41786| |Interest|704|638| |Transfer to PCC||| |**Closing Balance**|**149181**|**124763**| 21 ## Fabric Fund ||||**2020**|**2019**| |---|---|---|---|---| |**Income and Expenditure**|**Note**||**£**|**£**| |**Income**||||| |Donations - Non Specific|||0|70| |SLC Roof Donations|||4,438|0| |SLC Roof Donation GiftAid|||508|0| |**Total Income**|||**4,945**|**70**| |**Less: Expenditure**||||| |2019 St Leonard's Church roof lead theft||1|0|28,000| |reversal of 2019 Provision SLC roof lead theft|||-28,000|0| |SLC Roof repair cost|||27,204|0| |Less Insurance payment|||-9,514|0| |Less Roof Repair VAT reimbursement|||-4,179|0| |Other Non Roof Repair costs|||0|875| |**Subtotal**|||**-14,489**|**28,875**| |Diocesan Loan Interest|||70|189| |**Total Expenditure**|||-14,419|29,064| |**Surplus Income**|||**19,364**|**-28,994**| |**Balance Sheet**||||| |Reserves:|||**2,020**|**2,019**| |GENERAL FUND|||**£**|**£**| |Balance b/f 1st January|||-56,218|-27,224| |Add: Income for the year|||4,945|70| |Less: Expenditure for the year|||14,419|-29,064| ||||-36,855|-56,218| |Represented by:||||| |Bank current account|||4,568|13,135| |Creditors- amounts falling due within one year|||-41,423|-41,352| |Creditors -amounts falling due after one year||1|0|-28,000| |**Parish Funds - Restricted**|||**-36,855**|**-56,218**| ## Notes to Fabric Fund: 1. In 2019 there was a theft of lead from the roof of St Leonard’s Church, Oakley. An estimate of £28,000 for the repairs was included in the 2019 Expenditure and Creditors for the Fabric Fund. In 2020 costs of £27,204 were incurred, funded by Church and Community donations, Insurance payments, and from the historic Fabric Fund reserves. 22 ## St. Leonards Baby and Toddler Groups |**Income and Expenditure**|**account**||| |---|---|---|---| |**for the year ended 31 December 2020**|||| |||**2020**|**2019**| |**Income and Expenditure**||**£**|**£**| |**Income**|||| |Admission fees|New Life|28|32| ||Pippins|316|1320.31| ||Quackers|74|455.2| ||Total|417|1,808| |Sale of Photographs||0|0| |**Total Income**||**417**|**1,808**| |**Expenditure**|||| |Rent||494|1,782| |Refreshments||7|53| |Stationary and Postage|||| |Christmas Party||0|107| |Purchase of consumables||4|50| |Purchase of play equipment||0|0| |Cost of Photographs|||| |Sundry||0|27| |**Total Expenditure**||**505**|**2,020**| |Transfer from PCC||87|212| |**Surplus Income**||0|0| |**Balance Sheet**|||| |Cash||40|40| |Represented by:|||| |Accumulated fund|||| |As at beginning of period||40|40| |Carried forward||40|40| 23 ## St Leonard’s Pre School ## **Income and Expenditure account for the year ended 31 December 2020** ||**2020**|**2019**| |---|---|---| |**Income and Expenditure**|**£**|**£**| |**Income**||| |Government Grants|72,743|49,346| |Fees|8,066|12,070| |Fundraising|280|809| |Other|350|0| |**Total Income**|**81,439**|**62,225**| |**Expenditure**||| |Salaries|50,384|41,273| |Rent|5,819|6,188| |Catering|138|232| |Consumables|30|0| |Equipment|565|288| |Office|2,231|1,440| |Other|1,282|353| |**Total Expenditure**|**60,449**|**49,774**| |**Surplus Income**|**20,990**|**12,451**| |**Balance Sheet**||| |Bank|29,833|12,385| |Creditors|3,883|0| |Debtors|-340|| |Represented by:||| |Accumulated fund||| |As at beginning of period|12,387|-64| |Surplus for the period|20,990|12,451| |Transferred in|0|0| |**Parish Funds - Restricted**|**33,377**|**12,387**| 24