| For the year ending 3 |
1 Dece | mber | 2020 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| 2020 | 2020 | 2020 | 2020 | ||||||
| Note | Unrestricted Funds f |
Restncted Funds |
Endowment Funds |
Subsidiary funds f |
TOTAL 2020f |
TOTAL 2019 |
|||
| INCOME | |||||||||
| Donations, grants &legacies |
2(a) | 165779 | 4563 | 170,342 | 183,418 | ||||
| Fundraising income |
2(b) | 4,656 | 7,239 | 11,895 | 15,190 | ||||
| Income from Investments | 2(c) | 12,953 | 12,954 | 14,070 | |||||
| Church Activit/es |
2(d) | 7,418 | 7,418 | 24,615 | |||||
| Income retained in Subsidiary |
company | 11 | 15,826 | 15,826 | 21,167 | ||||
| TOTAL INCOME | 190,806 | 11,803 | 15,826 | 218,435 | 259,460 | ||||
| EXPENDITURE | |||||||||
| Grants and donations | 3(a) | 4,876 | 13,450 | 18,326 | 41,909 | ||||
| Fund Raising Costs Church Activities |
3(b) 3(c) |
176,139 | 13,027 | 189,166 | 242,939 | ||||
| Expenditure by Subsidiary company TOTAL EXPENDITURE |
11 | 181,015 | 26,477 | 14,314 14,314 |
14,314 221,806 |
14,759 299,617 |
|||
| NET INCOME / (EXPENDITURE) BEFORE GAINS / (LOSSES) |
9,791 | (14,674) | 1,512 | (3,371) | (40, 157) | ||||
| Gains / (Losses) on Investments |
2,581 | 1,725 | 19,527 | 23,833 | 48,575 | ||||
| NET INCOME / (EXPENDITURE) |
12,372 | (12,949) | 19,527 | 1,512 | 20,462 | 8,418 | |||
| BEFORE TRANSFERS | |||||||||
| Transfers between funds |
10 | (17,122) | 17,122 | ||||||
| NET MOVEMENT IN FUNDS: |
(4,750) | 4,173 | 19,527 | 1,512 | 20,462 | 8,418 | |||
| Balances b/fwd. 1st January | 186,317 | 85,987 | 342,357 | 10,522 | 625,183 | 616,765 | |||
| Balances c/I'wd. 31st December | 181,567 | 90,160 | 361,884 | 12,034 | 645,645 | 625,183 |
| TOTAL | TOTAL | |||||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| Note | ||||||
| FIXEDASSETS | ||||||
| Tangible Investment |
2,006 428,548 |
2,006 404,715 |
||||
| TOTAL FIXEDASSETS: | 430,554 | 406,721 | ||||
| CURRENT ASSETS | ||||||
| Debtors | 7 | 1,957 | 12,491 | |||
| Cash at Bank and in | Hand - Charity accounts | 209,106 | 214,812 | |||
| Cash at Bank and in | Hand - Subsidiary | account'. | 11 | 12,034 | 10,522 | |
| TOTAL CURRENT ASSETS | 223,097 | 237,825 | ||||
| LIABILITIES Creditors: Amounts Falling due in one |
year | 8 | (6,530) | (15,353) | ||
| NET CURRENT | ASSETS | 216,567 | 222,472 | |||
| TOTAL ASSETSLESSCURRENT LIABILITIES | 647,121 | 629,193 | ||||
| Creditors: Amounts | Falling due after one year | (1,476) | (4,010) | |||
| TOTAL NET ASSETS | 645,645 | 625,183 | ||||
| FUNDS | ||||||
| Unrestricted | 10 | 181,567 | 186,317 | |||
| Restricted | 10 | 90,160 | 85,987 | |||
| Endowment | 10 | 361,884 | 342,357 | |||
| Held in Subsidiary |
company | 11 | 12,034 | 10,522 | ||
| 645,645 | 625,183 |
| Investments Investments are valued at market value at 31st December Clidi |
Investments Investments are valued at market value at 31st December Clidi |
Investments Investments are valued at market value at 31st December Clidi |
Investments Investments are valued at market value at 31st December Clidi |
Investments Investments are valued at market value at 31st December Clidi |
Investments Investments are valued at market value at 31st December Clidi |
||
|---|---|---|---|---|---|---|---|
| onsoaton The PCC is beneficial owner of 100% of the shares of St Luke's Community Work Co charity shop. That company is run independently, and is not itself a chanty. Each year profits to the PCC, with the restriction that they are to be used for the local community, income and expenditure and assets of the subsidiary company are consolidated into the |
Ltd, a company operabng a it donates a proportion of its as detailed in note 10.The PCC accounts as detailed in |
||||||
| Ito'te 11. | |||||||
| 2. INCOME | 2020 Unrestricted |
2020 Restricted |
2020 Endowment |
TOTAL | TOTAL | ||
| Funds F |
Funds f. |
Funds f |
2020f | 2019 f |
|||
| 2(a) Donations, grants 8 legacies |
|||||||
| Planned giving by gift aid Related income tax Planned giving not by gift aid Collections —Cash on Plate Donations &Appeals Legacies Grants*(see note 2(e) for further breakdown) |
74,575 22,782 16,486 9,969 13,839 7,328 20,800 165,779 |
100 300 4,163 4,563 |
74,675 23,082 16,486 9,969 18,002 7,328 20,800 170,342 |
73,273 30,219 18,763 20,253 15,512 1,000 24,388 183,418 |
|||
| 2(b) Fundraislng income Rent receivable —non-church groups Fundraising incl. charity shop |
4,589 67 4,656 |
7,239 7,239 |
4,589 7,306 11,895 |
14,482 1,708 16,190 |
|||
| 2(c) Income from Investments Dividends Interest |
12,617 336 12,953 |
12,617 337 12,954 |
13,378 692 14,070 |
||||
| 2(d) Income from Church Activities Drop-ins, youth groups & similar Rent receivable —other Chnstian organisation Statutory Fees (Weddings &funerals) Sundry income |
1,648 2,790 2,115 865 7,418 |
1,648 2,790 2,115 865 7,418 |
7,080 13,510 973 3,052 24,615 |
||||
| TOTAL INCOIIIIING PCC RESOURCES | 190,806 | 11,803 | 202,609 | 238,293 |
| NOTES TO THE FINANCIAL STATEMEN | NOTES TO THE FINANCIAL STATEMEN | TS For the year | ending 31 | December | 2020 (on | .) |
|---|---|---|---|---|---|---|
| 2.INCOME Cont. |
2020 Unrestncted |
2020 Restricted |
2020 Endowment |
TOTAL | TOTAL | |
| Funds f |
Funds f |
Funds F |
2020 f |
2019 f |
||
| 2(e) | Grants Historic England BMBC Covid-19 support Council for Sodai Aid Manchester Diocese Board of Finance |
800 20,000 20,800 |
800 20,000 20 800 |
16,575 2,646 5,067 24388 |
||
| 3.EXPENDITURE | 2020 | 2020 | 2020 | |||
| Unrestncted | Restncted | Endowment | TOTAL | TOTAL | ||
| Fundsf | Funds f |
Funds f |
2020 f |
2019 f |
||
| 3(a) | Grants and donations Chnstian relief, development 8 mission Secular agencies |
4,343 533 4,876 |
11,650 1,800 13,450 |
15,993 2 333 18326 |
40,411 1,498 41909 |
|
| 3(b) | Fund Raising Costs | |||||
| Cost of applying for grants |
||||||
| Fundraising events |
||||||
| 3(c) | Church Activities Diocesan Parish Share Assistant staff costs Clergy expenses &vicarage |
89,713 373 11,883 |
89,713 373 11,883 |
90,657 13,255 |
||
| Church buildings Utiiities insurance Repair, maintenance 8 deaning Churchyard & Church grounds Cost of church services Drop-ins, youth groups & similar Administration Legal 8 professional Staff costs re PCC administration Pansh training &education |
16,645 12,552 22,801 825 1,842 1,517 4,529 1,500 11,301 658 176,139 |
10,408 1,000 427 260 932 13,027 |
16,645 12,552 33,209 1,825 1,842 1,944 4,789 1,500 11,301 1,590 189,166 |
19,414 12,703 64,298 1,141 9,563 8,221 6, 128 1,500 11,257 4,602 242,939 |
||
| TOTAL PCC EXPENDITURE | 181,015 | 26,477 | 207,492 | 284,648 |
| URE FOR |
THE YEAR | ||
|---|---|---|---|
| TOTAL | TOTAL | ||
| 2020f | 2019 f |
||
| independent | Examiners Fees | 700 | 650 |
| Accountancy | 800 | 850 | |
| Trustees remuneration |
| 5TANGIBLEFIXED ASSETS | |||||
|---|---|---|---|---|---|
| . | Drop-in | ||||
| Audio | centre | Furniture & |
Land & | ||
| Visual &IT | equipment | fittings | Buildings | Total | |
| Cost 1 January | 15,883 | 2,319 | 7,915 | 2,000 | 28,117 |
| Disposals Cost 31 December |
15,883 | 2,319 | 7,915 | 2,000 | 28,117 |
| Depreciation 1 January |
15,879 | 2,319 | 7,913 | 26,111 | |
| Released on disposals |
|||||
| Charge for the year Depreciation 31 December |
15,879 | 2,319 | 7,913 | 26,111 | |
| Net book Value 31 Dec 2020 | 4 | 2 | 2,000 | 2,006 | |
| Net book Value 31 Dec 20189 | 4 | 2 | 2000 | 2006 | |
| 6.FIXEDASSET INVESTMENTS | 2020 Unrestricted |
2020 Restricted |
2020 Endowment |
TOTAL | TOTAL |
| Funds f |
Funds | Funds E |
2020 E |
2019 f |
|
| Market Value 1 January | 37,376 | 24,982 | 342,357 | 404,715 | 364,140 |
| Disposals in the year |
(8,000) | ||||
| Gains I(losses) on revaluation | 2,581 | 1,725 | 19,527 | 23,833 | 48,575 |
| Market Value 31 December | 39,957 | 26,707 | 361,864 | 428,548 | 404,715 |
| 7.DEBTORS | 2020 Unrestricted |
2020 Restricted |
2020 Endowment |
2020 Endowment |
TOTAL | TOTAL | TOTAL | ||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Funds f |
Funds F |
Funds f |
2020 | 2019 f |
|||||||
| Grants receivable Gift aid recoverable |
1,957 1,957 |
1,957 1,957 |
5,591 6,900 12,491 |
||||||||
| 8.CREDITORS | 2020 Unrestricted |
2020 Restncted |
2020 Endowment |
TOTAL | TOTAL | ||||||
| Funds F |
Funds f |
Funds f |
2020 f. |
2019 | |||||||
| Amounts falling due Loans - repayments Creditors re funerals Accruals |
within one year due in 1 year & mission agencies 2,000 496 1,500 3,996 |
2,534 2,534 |
4,534 496 1,500 6,530 |
2,534 3,911 8,908 15,353 |
|||||||
| Amounts falling due |
in more | than one year | |||||||||
| Loans | 1,476 1,476 |
1,476 1,476 |
4,010 4,010 |
||||||||
| During 2020 a loan was |
received from a parishioner to |
assist with |
cash | flow at | Emmanuel. | The | loan is |
||||
| repayable in one installments |
in | February 2021 | |||||||||
| During 2019a loan was at StGeorges. The loan |
received from the Diocesan Pastoral is repayable in monthly installments |
Grants & Loans scheme over 3 years, commencing |
to help pay for roof work July 2019. |
||||||||
| TOTAL | TOTAL | ||||||||||
| Summary of loans | 2020 | 2019 f |
|||||||||
| Balance at 1 January | 6,544 | 7,600 | |||||||||
| Repayments made |
(2,534) | (1,056) | |||||||||
| New loan received | 2,000 | ||||||||||
| Balance at 31 December | 6,010 | 6,544 | |||||||||
| Repayment due within 12 months |
(4,534) | 2,534 | |||||||||
| Balance due ln more than | 12months | 1,476 | 4,010 | ||||||||
| 9.ANALYSIS OF NET | ASSETS BYFUND | ||||||||||
| 2020 2020 |
2020 | 2020 | |||||||||
| Unrestricted Restricted |
Endowment | Subsidiary | TOTAL | TOTAL | |||||||
| Funds Funds f f |
Funds | funds | 2020 | 2019 f |
|||||||
| Tangible Fixed Assets |
2,006 | 2,006 | 2,006 | ||||||||
| investment Fixed Assets |
39,957 26,707 |
361,884 | 428,548 | 404,715 | |||||||
| Current Assets | 143,600 67,463 |
12,034 | 223,097 | 237,825 | |||||||
| Liabilities within one | year | (3,996) (2,534) |
(6,530) | (15,353) | |||||||
| Liabilities ) one year | (1,476 | (1,476 | (4,010 | ||||||||
| 181,567 90,160 |
361,884 | 12,034 | 645,645 | 625,183 |
| NOTES TO THE FINANCIAL STATEME | NTS F | or the year | ending |
3 | 1 December 2020 ( | 1 December 2020 ( | Cont. ) | |
|---|---|---|---|---|---|---|---|---|
| Investment | ||||||||
| 10a.FUND MOVEII/IENTS | Per nate 10b |
Bal 1stJan |
Income f |
Expenditure f |
Gains / (losses) 5 |
Transfers in /(cut) f |
Bal 31stDec |
|
| Endowment -StThomas Holy Harbour |
A | 342,357 | 19,527 | 361,884 | ||||
| Endowment funds - Total |
342,357 | 19,527 | 361,884 | |||||
| Restricted - Emmanuel legacy re building Restricted —Emmanuell community Projects |
B D |
17,819 1,230 |
(399) | 17,420 1,230 |
||||
| Restricted - St George building Restricted —StGeorge home mission Restricted —StGeorge CAP Restncted —StGeorge Marsh Restricted - St Luke building Restricted - St Luke community work Restricted —St Luke mission |
B D D D B C D |
(1,117) 3,471 2993 2,762 (507) 33,682 672 |
2,044 125 7,364 2,270 |
(1,000) (45) (872) (420) (1,000) (4,060) (9,200) |
— — |
(4,190) 7,452 960 2,900 |
887 3,426 2 121 2,342 1,518 32,796 1,194 |
|
| Restricted —St Paul church fabric |
D | (9,481) | — | 10,000 | 519 | |||
| Restricted - St Thomas J R Cross re Youth | D | 24,982 | 1,725 | 26,707 | ||||
| Restricted funds -Total | 85,987 | 11,803 | 26,477) | 1,725 | 17,122 | 90,160 | ||
| Designated —invested in fixed assets Designated —Emmanuel Designated —St George Designated —St Luke Designated -St Paul Designated -StThomas Designated —Team mission development General —West Bolton Team |
E F F F F F F G |
2006 25,613 19,409 37,218 16,209 41,249 41,312 3,301 |
15,533 25,144 79,820 42,184 21,885 5,240 |
(21,449) (28,602) (50,073) (27,565) (27,398) 25,928 |
2,581 | (2,454) (1 746) (19,763) (1,348) 8,227 (21,312) 21,274 |
2,006 17,243 14205 47,202 29,480 46,544 20,000 4,887 |
|
| unrestricted funds - Total |
186,317 | 190,806 | (181,015) | 2,581 | (17,122 | 181,567 | ||
| Total PCC Funds | 614,661 | 202,609 | 207,492) | 23,833 | 633,611 | |||
| Subsidiary Funds (Note 11) Consolidated Funds |
10,522 625,183 |
15 826 218,435 |
(14314) (221,806) |
23,833 | 12,034 645,645 |
ir originating church or |
the combi | ned team. |
|||||
|---|---|---|---|---|---|---|---|
| 2020 Unrestricted Funds |
2020 Restricted Funds 6 |
2020 Endowment Funds f |
2020 Subsidiary funds 6 |
TOTAL 2020 F |
TOTAL 2019 |
||
| Emmanuel St George St Luke St Paul StThomas West Bolton Team Invested in fixed assets Retained in subsidiary |
company | 17,243 14,205 47,202 29,480 46,544 24,887 2,006 181,567 |
18,650 8,776 35,508 519 26,707 90,160 |
361,884 361,884 |
12034 12,034 |
35,893 22,981 82,710 29,999 435,135 24,887 2,006 12034 645,645 |
44,662 27,518 71,065 16,209 408,588 44,613 2,006 10,522 625,183 |
are consolidated ar year |
into the PCC | accounts as foll |
ows, based on managem |
ent acco |
|---|---|---|---|---|
| TOTAL | TQIAL | |||
| 2020 6 |
2019 f |
|||
| Income | 23,065 | 22,602 | ||
| Donations paid to |
PCC from profits | (7,239) | 1,435) | |
| Income retained in Subsidiary |
15,826 | 21 167 | ||
| Expenditure | 14,314 | (14,769 | ||
| Profit retained in subsidiary |
1,512 | 6,398 | ||
| Reserves retained | in subsidiary | B/F | 10522 | 4 124 |
| Reserves retained | in subsidiary | C/F | 12034 | 10522 |
| Bank Balances to | be consolidated | 12,034 | 10,522 | |
| Net assets to be consolidated | 12034 | 10522 |