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2020-12-31-accounts

St James' and Emmanuel Church: Annual Report 2020

Contents

Contents
1. Parish Details
1.1. Status 2
1.2. Structure, Governance and Membership 2
1.3. The Standing Committee 3
1.4. Electoral Roll/Average Sunday Service Attendance 3
1.5. Bankers 4
1.6. Independent Examiner 4
1.7. Related Charities 4
2. Parish Report
2.1. Objects 5
2.2. Aims and Objectives 5
2.3. Review of the Year: Its Objectives and Achievements 6
2.4
Plans for the New Year		 13
2.5 Financial Review 14
2.6
Grant Making Policy		 16
2.7 Reserves Policy 16
2.8 Risk Management 16
2.9 Statement of PCC Responsibilities 17
3. Independent Examiner’s Report 18
4.
Financial Statements
Summary of Funds 19
Statement of Financial Activities (SOFA) 20
Balance Sheet 21
Notes to the Accounts 22

St James' and Emmanuel Church: Annual Report 2020

Section 1: Parish Details

1.1 Status

This Annual Report for the year ended 31 December 2020 is of the Parochial Church Council of the Ecclesiastical Parish of St James' and Emmanuel, Didsbury, known as St James’ & Emmanuel PCC, Didsbury. The parish is in the Deanery of Withington, in the Diocese of Manchester.

St James' Church is located on Stenner Lane. Emmanuel Church and the Parish Centre, in which the Parish Office is located, is at 6 Barlow Moor Road, Didsbury, Manchester M20 6TR

Telephone: 0161 446 4150 Email: office@stjamesandemmanuel.org Website: www.stjamesandemmanuel.org

1.2 Structure, Governance and Membership

The Parochial Church Council (PCC) is a registered charity, number 1131669. and is constituted under the Parochial Church Council Powers Measure (1956) as amended and Church Representation Rules. Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. During the year the following served as members of the PCC:

Team Rector: Rev Dr Nick Bundock Team Vicar: Rev Canon Lisa Battye Curate: Rev Cate Allison (from June 2020) Curate (OLM): Rev Christine Sandiford Curate: Rev. Jane Whittell (until Dec. 2020)

Wardens: Mrs Andrea Dunkerley (Secretary) Mr Jeff Dunkerley Mrs Ann Hillier Ms Vicki Long Mr James Wilson

(until APCM 2020) (from APCM 2020)

Representatives on The Deanery Synod Mr Jeff Dunkerley Mr. Greg Mauchline (Vice Chair) Mr Steve Penny Mr Alexander Sims (from APCM 2020) Mrs Louise Smail (from APCM 2020) Mr James Wilson (from APCM 2020)

Elected Members: Mrs Jane Arschavir

St James' and Emmanuel Church: Annual Report 2020

Mr Steve Barber (until APCM 2020) Mrs Laurence Bouguechiche (until APCM 2020) Rev Philip Dobson (co-opted) Mrs Sarah Dunbar (resigned April 2020) Mrs Linda Fildes (from APCM 2020) Ms Francis Kataria (from APCM 2020) Mrs Jane Lee Ms Vicki Long (until APCM 2020) Mrs Hilary Lowe (Treasurer) Ms Alexa McDonald (from APCM 2020) Mrs Liz McKelvey Mrs Louise Smail (until APCM 2020) Mrs Kate Sraha Mrs Joyce Thom Mr Tim Turvey (from APCM 2020) Mr Mark Vermes Ms Alison Whale (from APCM2020)

1.3 Standing Committee

The Standing Committee is a sub-committee of the PCC as required by the Church of England. The Rector and Churchwardens are ex-officio. At St. James’ and Emmanuel, the Team Vicar, Treasurer and PCC Secretary are also ex-officio. There are two further members who were elected by the PCC in November 2020 namely Jane Arschavir and Louise Smail to serve for one year.

1.4 Electoral Roll & Average Sunday Service Attendance

At the 2020 APCM there were 356 names on the newly formed electoral roll.

The average attendance at Sunday Services, based on October returns for adults/children who attended one or more services was:

2020 2019 2018 2017 2016
9.00am–St James’ 47/2* 53/3 46/2 42/4 34/5
10.30am–St James’ 0* 45/11 68/24 ** 60/15
10.30am–Emmanuel 118/17* 170/36 117/47 145/51** 112/44***
6.15pm 38/0* 51/2 47/1 57/1 59/1

** United services at Emmanuel

*** United service 2[nd] October

.

St James' and Emmanuel Church: Annual Report 2020

1.5 Bankers

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

HSBC UK 760 Wilmslow Road Didsbury Manchester M20 2DP

CCLA Investment Management Ltd Senator House 85 Queen Victoria Street London EC4V 4ET

Barclays Bank UK plc Leicester LE87 2BB

Methodist Chapel Aid Ltd 1 Telford Terrace Albermarle Road York YO24 1DQ

1.6 Independent Examiner

Eric Langer, Langer & Co Chartered Accountant Statutory Auditor 8-10 Gatley Road Cheadle Cheshire SK8 1PY

1.7 Related Charities

There are a few Charities associated with St James’ and Emmanuel, which do not form part of the PCC funds, as they are specific independent charities.

The main one is The Parish Hall Charity (No. 6), having charity number of 501253. This charity owns 6 Barlow Moor Road. For this reason, the building is not included amongst the assets of the Parish although it is a building used by the Parish and contains some of the Parish’s assets. The trustees serving throughout the year were Nick Bundock, Paul Good and Hilary Lowe.

Another is Home Community Cafe, a charitable incorporated organisation, having charity number 1161501. This charity leases the kitchen, fellowship, foyer and former South Transept, now known as the “Living Room”, areas of Emmanuel church. A requirement of the lease is that the governance of the charity is provided by PCC election. Otherwise, the charity is organisationally distinct from the PCC. During the year the following served as trustees:

Miriam Jones Caroline Vermes (resigned Apr 20) Hilary Lowe Jason Leach (appointed Jan 20) Katy Tebay Cate Allison (appointed Jun 20)

St James' and Emmanuel Church: Annual Report 2020

Section 2: Parish Report

2.1 Objects

The primary aim of the parish is encompassed in our vision statement: “To grow a diverse , worshipping community, where we encourage belonging and nurture believing ; together becoming followers of Jesus who share God’s love with the world.”

2.2 Aims and Objectives

Belonging

St James & Emmanuel church is a large and diverse church community consisting of four Sunday congregations and numerous mid-week groups. We have a close relationship with and responsibility for The St James & Emmanuel Academy Trust. Our Parish Centre and church buildings are used continually throughout the week by members of the church and the wider community. By fostering cohesion and bringing people together we find ourselves playing a significant community role in Didsbury.

Within the church community itself we seek to offer multiple places of belonging. We run a number of mid-week homegroups and numerous activities from youth and children’s groups through to work with the disadvantaged. Each group, activity and congregation is being developed to offer the best possible welcome and to encourage a real sense of belonging.

Believing

We seek to offer numerous opportunities for growth in the Christian faith. We place a high value on good quality teaching appropriate for people of all ages. Children and young people have access to seven different Sunday groups in addition to a large range of mid-week activities.

The worship in each of our four congregations is structured to encourage and foster spiritual growth and the journey of Christian discipleship, as are our homegroups.

We play a significant role in the life of the St James & Emmanuel Academy Trust and help to lead staff and pupils in their own journey of faith development and discipleship.

Becoming

We seek to nurture the unique potential present within each person we encounter. We believe that everyone has a part to play in fostering the wellbeing of their families, neighbourhoods and places of work. By encouraging belonging and believing, and in offering appropriate and timely pastoral care, occasional offices and prayer we can help to release people into the journey of ‘becoming’ and enable them to play an increasingly creative and positive role in their sphere of influence.

St James' and Emmanuel Church: Annual Report 2020

Church Governance

The life of the church is governed by the PCC, who are elected from church members. The new PCC members are informed of their responsibilities and the legal and financial framework in which the church operates. When planning activities for the year, the PCC have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. Day to day decisions on expenditure and activities are decided by the staff and volunteers in charge of different areas of the church, with budgets set and monitored by the PCC.

Whilst the church currently employs the equivalent of three full time staff, it is the work of every church member which will make the difference in the church achieving its vision, by “being salt and light” amongst the people they interact with each day; by praying, by visiting the sick and others in need, by serving, in being involved in training others, in public teaching and worship and in administration. The financial resources of the church are, predominately, given by the members and their assets and equipment are regularly used in the work of the church. Much of this work is done privately, without recognition, and the hours and value of that time cannot be quantified.

2.3 Review Of The Year: Its Objectives and Achievements

During 2020 the main ways the Church sought to achieve its vision were as follows:

Staff

The staff team, together with the PCC, have agreed the following areas of responsibility: Nick Bundock ( Rector ): vision and strategy particularly Emmanuel, supervision of staff, St James & Emmanuel Academy Trust member and director, Occasional Offices, No.6 Trustee, Pastoral Care, Fabric, SAS & Staff Teams

Lisa Battye ( 0.5 Team Vicar) : vision and strategy particularly St James 10.30, personal journey, supervision of learners, pastoral care, Occasional Offices, Diocesan links

Cate Allison (Curate, licensed 22[nd] June) training for stipendiary ministry, preaching, leading, pastoral care, Farsi Ministry, Occasional Offices, oversee 6.15 Community

Christine Sandiford ( OLM ): leading, preaching, worship rotas, vocations advisor, pastoral care, Occasional Offices, Farsi community

Jane Whittell (NSM Curate & ordained priest, left December 2020) : Farsi community, preaching, leading, oversight of Pastoral Care Team, Occasional Offices

Chris Martin ( Reader ): preaching, St James Consort, home communions, hospital visiting. Mandy Mullins (Reader) : preaching, leading, pastoral care, 6.15 community. Penny Mittler (Reader) : preaching, leading.

Ray Shaw (Reader, licensed 9[th] November) : chair of online broadcasting team, leading and preaching. Steve Penny (Reader, licensed 4[th] November) : leading and preaching, men’s ministry.

Claire Mauchline ( Parish Manager ): parish management & administration, staff supervision. Lewis Meaden (Director of Worship): worship vision, rotas, recruitment and training of musicians Alexa McDonnell (Youth Worker, left May, Ordinand from September): training for stipendiary ministry, leading and preaching, LGBTQ+ work, 6.15 community, student mission.

Rachel Bundock ( Children’s Team Leader ): team leader for all children’s work plus support of Child Protection Officer.

St James' and Emmanuel Church: Annual Report 2020

Jenny McLoughlin (Youth Team Leader, started September) : team leader of Sunday youth provision. Denis Mullins ( Caretaker, Retired September ): Building cleanliness and fabric management. Alison Steadman ( Finance Officer ): Support worker for Treasurer.

Rob Eloff (Ordinand, left March 2020) : Mission and evangelism, preaching, leading.

Associated Ministers

Revd Philip Dobson (Retired Priest) : Leading, preaching, pastoral care.

Authorised Lay Ministry (ALM)

José Hacking (Mission, Pastoral Care): courses, discipleship. Catherine Parkin (Pastoral Care): Coffee and Communion/Chat, Pen pals Helen Denham (Pastoral Care): Coffee and Communion/Chat, Dementia care Sue Bruce (Pastoral Care): Pastoral Care

Associated Ministry Leaders

Michael Pollard ( Home Community Café Manager and Inclusion and Diversity Lead ): Direction, oversight and operational management, diversity and inclusion work.

Covid-19

No area of church life was left untouched by the global coronavirus pandemic in 2020. The church buildings were closed for worship twice in the year to varying degrees. The key dates of government mandated closures were as follows:

24[th] March 2020 – total closure of churches including occasional offices

15[th] June 2020 – churches reopened for private prayer and funeral services

4[th] July 2020 – Sunday worship permitted, weddings with limited attendance resumed

1[st] November – churches closed for public worship

2[nd] December – churches permitted to reopen for public worship from Sunday 6[th] December

The unprecedented circumstances required a total review of activities and the response was as follows:

Risk Assessment

Online Sunday Broadcast

St James' and Emmanuel Church: Annual Report 2020

Zoom Worship

In-person Worship

Christmas

Furlough

Pastoral Care

St James' and Emmanuel Church: Annual Report 2020

Church for Everyone

Changing Places Facility and Emmanuel Toilets

St James’ Vestry Project

Courses, Learning and Vocations

Farsi Community

St James' and Emmanuel Church: Annual Report 2020

Music and Worship and Prayer

Local Community

St James and Emmanuel Academy Trust

Together Magazine

Parish Centre

Boaz Night Shelters

Occasional Offices

We have conducted 7 weddings, 14 funerals, 0 confirmations and 13 child and 20 adult baptisms in 2020 and a number of couples and families retain a connection with the church through the exercise of the occasional offices. A staff and lay team conducted a Marriage Preparation Day in January. The Celebrating The Gift of a Child as our baptism and thanksgiving preparation continued until March.

St James' and Emmanuel Church: Annual Report 2020

Associated Ministry in the Local Community

Home Community Cafe

Home Community Café is an independent organization with Trustees appointed by the PCC of the church. 2020 provided significant challenges for the Home Café team and trustees.

The Parish Hall Charity (No. 6)

Trustees of this separate charity are appointed by the PCC. The charity works for the benefit of St James & Emmanuel as well as renting out its rooms to local charities and other organisations.

The Global Community

Mission Team

2020 was the first year of our pledged support to the new mission partners selected at the end of 2019.

The 8 partners are The Message, Tear Fund, Samara’s Aid, No Barriers Foundation, Evangelising Asia for Christ, Potter’s Village, L’Arche and Jayne Ozanne. We have agreed with Tearfund, Jayne Ozanne and L’Arche that our financial support can be redirected where they feel necessary as their work has been affected by the pandemic.

Single donations of £500 were given to Tearfund for the Beirut crisis, £1K to the DEC towards the Corona Virus Appeal and £500 to support the official church visit to Uganda.

Our plans for 2020 have been put on hold until more normal times resume.

We enter 2021 with an increased budget of £27K which will enable us to fulfil our pledges to each mission partner.

Safeguarding

All youth and children’s workers go through rigorous Disclosure and Barring Service checks, a process overseen by Lucy Jenkins, Safeguarding Officer.

Parochial Church Council (PCC)

The PCC met twice in person and four times virtually. The Standing Committee did not meet but were consulted by email on three decisions. A summary of the PCC’s business is listed below:

January Health, Safety and Safeguarding – one incident reported. Finance – Update on 2019 year end position, Parish Share. Wedding and Funeral Fees. Fabric – St. James regarding the font . Emmanuel toilets timetable. Global Community – Forthcoming trip to Uganda.

St James' and Emmanuel Church: Annual Report 2020

Local Community – Place of Welcome. Appointment of Academy Trustees. Appointment of Home Café Trustees.

Inclusion – Follow up from Conference. Congregations – Lay Assistants.

March Finance – Approval of Annual Report, Accounts & Letter of Representation. Rectors Report – Covid 19 Strategy. Fabric – Emmanuel toilets. St. James vestry project. Staffing – OLM nomination. Reader appointment. Youth Worker.

July Finance – General Fund update. Parish Share paid in full last year and intention same for this year. SAS minutes. Home Café closure and appointment of Trustee. Rector’s update – Covid planning. Fabric – Emmanuel toilets. St. James vestry project. Local Community – School Foundation Governors. Staffing – Furlough of staff. Congregations – Parish Risk Assessments.

Aug Finance – General Fund update.

Rector’s update –Covid update. Reflections on lockdown. Fabric – St. James retaining wall. Emmanuel Toilets. Local Community – appointment of School Foundation Governors.

September Finance – General Fund update. SAS minutes. Home Café update. Health, Safety and Safeguarding – No incidents. Fabric – Parish Centre Lower Hall floor. Emmanuel Toilets. Rector’s update – Covid, Remembrance Sunday. Christmas. Local Community – St. James Bells. Congregations – St. James 10.30 service. Emmanuel 6.15 service. APCM. Inclusion – Church for Everyone website. Staffing – Youth Worker. Furlough Scheme.

October APCM

November Elections- Lay Officers and Standing Committee members, Team membership Finance –General Fund update, 2021 Budget. Mission Account signatories. Wedding and Funeral fees. SAS minutes. Health, Safety and Safeguarding – No incident reported. Rector’s update – Covid update. Christmas. Local Community – Home Café funding. Fabric – Emmanuel toilets upgrade. Parish Centre Lower Hall floor. Inclusion – Church for Everyone website. Congregations – Deanery – mission communities. Staffing – Furlough scheme. Caretaking.

St James' and Emmanuel Church: Annual Report 2020

2.4 Plans for the New Year (2021)

Plans for 2021 remain highly fluid due to the ongoing pandemic. The key principles upon which decisions will be made are as follows:

Theme for 2021

Staff Team

Vision and Values

Creation Awaits

Inclusion

Mission Communities

Congregations

St James' and Emmanuel Church: Annual Report 2020

Personal Journey

Local Community

Children, Youth and Families

2.5 Financial Review

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and FRS102 SORP 2016.

2020 has seen an increase in our giving to the General Fund of £11k (4%) boosted by regular appeals due to the closure of our buildings giving rise to a significant decrease in our rental income of £45k and occasional office fees of £6k. These reductions in income were mitigated by furlough claims of £13k. Expenditure has decreased, notably in the area of staff costs of £15k, clergy expenses £6k and building expenses of £4k. However, ministry costs have increased as we introduced online services for the best part of the year which cost £10k. Parish Share has been paid in full. Overall, we balanced the books on the General Fund achieving a deficit of £509 after transferring £5k to bolster the Fabric Fund which had been depleted in 2020. The Stewardship and Strategy Team continue to focus on growing our giving by

St James' and Emmanuel Church: Annual Report 2020

predominately electronic means which has been of great benefit in 2020 with the buildings closed and services being on line. We have and continue to pay close attention on our expenditure so that we achieve a balance by the year end.

In 2020 the Fabric Fund, over and above the general fund transfer, benefitted by donations of £10k and a VAT refund of £2k and £34k was spent; split £4k on the retention of the Emmanuel roof project, £14k on professional fees of the Emmanuel toilet refurbishment, £2k on an external gate at Emmanuel and £14k on the replacement floor of the lower hall of the Parish Centre. The balance at the year end on this fund amounted to £24k of which only some £8k is not earmarked for a specific purpose.

Of the Legacy fund established in 2019, interest of £3k was received and £16k was spent in 2020; split £12k on St James vestry and £4k on missional activities, including Home Community Café, The Children’s Society and poorer parishes. This fund had a balance at the year end of £340k.

The Mission Account has a balance at the end of the year of £3k having received an allocation from the General Fund of £25k of which £30k was given to mission partners.

Turning to the Restricted Funds which are amounts not available for general purposes:

The Coffee Concert Fund benefitted from donations for concert performances of only £3k due to the limited performances throughout 2020 and the £5k spent was given predominately to St James and Emmanuel and the Royal Northern College of Music Awards Fund and the remainder went towards the usual concert expenses. The balance on this fund at the year end was £2k.

The Lizzie Lowe Legacy raised funds in 2020 of £11k, and spent only £2k. Of the balance on this fund at the end of the year of £18k, £7k related to Didsbury Pride, £5k for a new “Youth café” and £6k for general purposes of this restricted fund.

The Parish Project Fund (PPF) which essentially represents the value of the Parish Centre, including fixtures and fittings, has a year end balance of £932k, as a result of the building being valued in 2019 in accordance with the accounting policy agreed by the PCC.

The Poverty Action Fund continues for the Farsi speaking community predominately. In 2020, donations of £2k were received and £9k was spent on the Farsi mission, leaving a balance at the year end of £3k.

There was no movement on the St James Organ Fund , as this represents the asset value of £49k.

Finally, we hold Endowment Funds of £15k, which represent the market value of these investments as at 31 December 2020.

Overall, the net deficit in 2020 amounted to £35k leaving a total fund balance at the year end of £1,435k; split £415k unrestricted, £1,005k restricted and £15k endowment funds.

St James' and Emmanuel Church: Annual Report 2020

2.6 Grant Making Policy

Gifts to external organisations and individuals are considered by the Mission Team, who is allocated at least 10% of our voluntary general income each year. The first priority is to meet the financial commitments to the mission partners with whom we are linked. Other issues are considered including financial support for development projects associated with our mission links.

2.7 Reserves Policy

The PCC has formalised a policy of holding reserves sufficient for the foreseeable needs of the Parish. A Fabric Fund is topped up by any surplus funds on the General Fund such that an amount is set aside to meet capital expenditure. The level of free reserves (general reserves not committed to specific projects or invested in assets for the use of the Parish) are anticipated to be between two and three months’ budgeted expenditure, which currently equates to somewhere between £64k and £96k. At the year end the free reserves of £55k were below the desired range.

The PCC has the power to invest the church’s available funds. Any changes to the Investment Policy must be approved and minuted by the PCC.

2.8 Risk Management

The PCC has considered and identified the key risks affecting the charity, which are believed to be:

In order to minimise these risks the PCC or a subcommittee thereof hold regular meetings to address those risks identified concentrating on building issues, development of policies and regular reviews of financial information. In addition, a major Health and Safety audit of our buildings was undertaken in 2019 and the risks identified will continue to be addressed as an on-going exercise with a view to balance maintenance expenditure with retention of funds for longer-term projects.

All major insurable risks are subject to normal Churches and employers’ insurance.

We continue to monitor our Child Protection Policy in order to comply with the Diocesan Policy and make sure that we fulfil the requirements of the Disclosure and Barring Service. Regular Child Protection training is undertaken.

St James' and Emmanuel Church: Annual Report 2020

2.9 Statement of PCC Responsibilities

The PCC are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Law applicable to charities in England and Wales requires the PCC to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the PCC are required to:

The PCC are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the PCC on 15 March 2021 and signed on its behalf by:

Revd Dr Nick Bundock, Rector

St James' and Emmanuel Church: Annual Report 2020

Section 3: Independent Examiner’s Report

Independent Examiner’s report to the members of St James and Emmanuel PCC

I report on the accounts of the Charity for the year ended 31 December 2020, which are set out on pages 19 to 31.

Responsibilities and basis of report

As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Basis of Independent Examiner’s report

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. 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 no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in this report in order to enable a proper understanding of the accounts to be reached.

19[th] April 2021

Eric Langer, BSc FCA Chartered Accountant Independent Examiner 8-10 Gatley Road Cheadle

St James, and Emmanuel Church: Annual Report 2020 Cheshire SK8 IPY Date.. 19

St James' and Emmanuel Church: Annual Report 2020

Section 4: Financial Statements

SUMMARY OF FUNDS FOR THE YEAR ENDED 31 DECEMBER 2020

Gains
Opening and Surplus Closing
Balance Income Expenditure losses Transfers (Deficit) Balance
£ £ £ £ £ £ £
Unrestricted Funds
General Fund 47,727 356,579 (329,299) (27,789) (509) 47,218
Fabric Fund 41,236 11,866 (34,397) 5,000 (17,531) 23,705
Legacy Fund 354,010 2,512 (12,042) (4,000) (13,530) 340,480
Mission Account 6,777 - (30,450) 26,789 (3,661) 3,116
Total Unrestricted 449,750 370,957 (406,188) - - (35,231) 414,519
Restricted Funds
Coffee Concert Fund 3,359 3,404 (4,613) - (1,209) 2,150
Lizzie Lowe Legacy 9,136 11,107 (2,230) - 8,877 18,013
Parish Project Fund 933,813 - (1,322) - (1,322) 932,491
Poverty Action Fund 10,537 2,348 (9,389) - (7,041) 3,496
St James Organ
Fund 49,256 - - - - 49,256
Total Restricted 1,006,101 16,859 (17,554) - - (695) 1,005,406
Endowment Funds 14,163 - - 978 - 978 15,141
Total 1,470,014 387,816 (423,742) 978 - (34,948) 1,435,066

Unrestricted Funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

The General Fund is used to record all other income and expenditure of the PCC other than that noted below and is used to fund the general running costs of the Parish.

The Fabric Fund is maintained to allocate and monitor expenditure on the fabric of the buildings. Other than specific donations, funds are transferred from the General Fund to meet these costs.

The Legacy Fund represents a bequest received and is designated to ensure that monies are distributed in accordance with PCC policy.

The Mission Account is an allocation of General Fund income and this is spent supporting mission activities in the UK and overseas.

Restricted funds represent monies given by a donor with a specific restriction on their future use.

The Coffee Concert Fund records the monies raised, expenses incurred and donations given towards St James and Emmanuel and Royal Northern College of Music Awards Fund.

The Lizzie Lowe Legacy represents monies raised and spent on working towards inclusion in its widest aspect, predominately amongst young adults.

The Parish Project Fund records the monies raised and expenses incurred towards the building of the Parish Centre.

The Poverty Action Fund represents monies raised and expenses incurred on hardship projects.

The St James Organ Fund represents the funds raised towards the replacement of St James organ and its further use on an ongoing basis.

Endowment Funds are funds, the capital of which must be maintained; only the income arising from the investment of the endowment may be used.

St James' and Emmanuel Church: Annual Report 2020

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted
Restricted
Endowment
Total
Unrestricted
Restricted
Endowment
Total
Funds
Funds
Funds
Funds
Funds
Funds
Funds
Funds
2020
2020
2020
2020
2019
2019
2019
2019
Note
£
£
£
£
£
£
£
£
INCOMING RESOURCES
Voluntary
income
2a
315,749
10,484
-
326,233
651,893
19,536
-
671,429
Activities for
generating
funds
2b
24,710
-
-
24,710
67,806
6,977
-
74,783
Income from
investments
2c
3,235
-
-
3,235
2,283
171
-
2,454
Income from
church
activities
2d
23,892
6,375
-
30,267
22,329
125,399
-
147,728
Other
incoming
resources
2e
3,371
-
-
3,371
3,378
28,726
-
32,104
TOTAL INCOMING
RESOURCES
370,957
16,859
-
387,816
747,689
180,809
-
928,498
RESOURCES USED
Fundraising
costs
3a
45,088
1,133
-
46,221
38,739
1,333
-
40,072
Church
Activities (see
note 4a)
3b
356,887
16,421
-
373,308
350,828
244,336
-
595,164
Governance
costs
3c
4,213
-
-
4,213
3,449
-
-
3,449
TOTAL RESOURCES
USED
406,188
17,554
-
423,742
393,016
245,669
-
638,685
NET INCOMING
RESOURCES
BEFORE TRANSFERS
(35,231)
(695)
-
(35,926)
354,673
(64,860)
-
289,813
Transfers
between funds
6
-
-
-
-
18,436
(18,436)
-
-
NET INCOMING
RESOURCES
(35,231)
(695)
-
(35,926)
373,109
(83,296)
-
289,813
GAINS ON INVESTMENT ASSETS
On revaluation
7
-
-
978
978
-
-
2,234
2,234
NET MOVEMENT IN
FUNDS
(35,231)
(695)
978
(34,948)
373,109
(83,296)
2,234
292,047
Balances brought
forward at 1 January
2020
449,750
1,006,101
14,163
1,470,014
76,641
1,089,397
11,929
1,177,967
BALANCES CARRIED
FORWARD AT 31
DECEMBER 2020
414,519
1,005,406
15,141
1,453,066
449,750
1,006,101
14,163
1,470,014		 Unrestricted
Restricted
Endowment
Total
Unrestricted
Restricted
Endowment
Total
Funds
Funds
Funds
Funds
Funds
Funds
Funds
Funds
2020
2020
2020
2020
2019
2019
2019
2019
Note
£
£
£
£
£
£
£
£
INCOMING RESOURCES
Voluntary
income
2a
315,749
10,484
-
326,233
651,893
19,536
-
671,429
Activities for
generating
funds
2b
24,710
-
-
24,710
67,806
6,977
-
74,783
Income from
investments
2c
3,235
-
-
3,235
2,283
171
-
2,454
Income from
church
activities
2d
23,892
6,375
-
30,267
22,329
125,399
-
147,728
Other
incoming
resources
2e
3,371
-
-
3,371
3,378
28,726
-
32,104
TOTAL INCOMING
RESOURCES
370,957
16,859
-
387,816
747,689
180,809
-
928,498
RESOURCES USED
Fundraising
costs
3a
45,088
1,133
-
46,221
38,739
1,333
-
40,072
Church
Activities (see
note 4a)
3b
356,887
16,421
-
373,308
350,828
244,336
-
595,164
Governance
costs
3c
4,213
-
-
4,213
3,449
-
-
3,449
TOTAL RESOURCES
USED
406,188
17,554
-
423,742
393,016
245,669
-
638,685
NET INCOMING
RESOURCES
BEFORE TRANSFERS
(35,231)
(695)
-
(35,926)
354,673
(64,860)
-
289,813
Transfers
between funds
6
-
-
-
-
18,436
(18,436)
-
-
NET INCOMING
RESOURCES
(35,231)
(695)
-
(35,926)
373,109
(83,296)
-
289,813
GAINS ON INVESTMENT ASSETS
On revaluation
7
-
-
978
978
-
-
2,234
2,234
NET MOVEMENT IN
FUNDS
(35,231)
(695)
978
(34,948)
373,109
(83,296)
2,234
292,047
Balances brought
forward at 1 January
2020
449,750
1,006,101
14,163
1,470,014
76,641
1,089,397
11,929
1,177,967
BALANCES CARRIED
FORWARD AT 31
DECEMBER 2020
414,519
1,005,406
15,141
1,453,066
449,750
1,006,101
14,163
1,470,014		 Unrestricted
Restricted
Endowment
Total
Unrestricted
Restricted
Endowment
Total
Funds
Funds
Funds
Funds
Funds
Funds
Funds
Funds
2020
2020
2020
2020
2019
2019
2019
2019
Note
£
£
£
£
£
£
£
£
INCOMING RESOURCES
Voluntary
income
2a
315,749
10,484
-
326,233
651,893
19,536
-
671,429
Activities for
generating
funds
2b
24,710
-
-
24,710
67,806
6,977
-
74,783
Income from
investments
2c
3,235
-
-
3,235
2,283
171
-
2,454
Income from
church
activities
2d
23,892
6,375
-
30,267
22,329
125,399
-
147,728
Other
incoming
resources
2e
3,371
-
-
3,371
3,378
28,726
-
32,104
TOTAL INCOMING
RESOURCES
370,957
16,859
-
387,816
747,689
180,809
-
928,498
RESOURCES USED
Fundraising
costs
3a
45,088
1,133
-
46,221
38,739
1,333
-
40,072
Church
Activities (see
note 4a)
3b
356,887
16,421
-
373,308
350,828
244,336
-
595,164
Governance
costs
3c
4,213
-
-
4,213
3,449
-
-
3,449
TOTAL RESOURCES
USED
406,188
17,554
-
423,742
393,016
245,669
-
638,685
NET INCOMING
RESOURCES
BEFORE TRANSFERS
(35,231)
(695)
-
(35,926)
354,673
(64,860)
-
289,813
Transfers
between funds
6
-
-
-
-
18,436
(18,436)
-
-
NET INCOMING
RESOURCES
(35,231)
(695)
-
(35,926)
373,109
(83,296)
-
289,813
GAINS ON INVESTMENT ASSETS
On revaluation
7
-
-
978
978
-
-
2,234
2,234
NET MOVEMENT IN
FUNDS
(35,231)
(695)
978
(34,948)
373,109
(83,296)
2,234
292,047
Balances brought
forward at 1 January
2020
449,750
1,006,101
14,163
1,470,014
76,641
1,089,397
11,929
1,177,967
BALANCES CARRIED
FORWARD AT 31
DECEMBER 2020
414,519
1,005,406
15,141
1,453,066
449,750
1,006,101
14,163
1,470,014		 Unrestricted
Restricted
Endowment
Total
Unrestricted
Restricted
Endowment
Total
Funds
Funds
Funds
Funds
Funds
Funds
Funds
Funds
2020
2020
2020
2020
2019
2019
2019
2019
Note
£
£
£
£
£
£
£
£
INCOMING RESOURCES
Voluntary
income
2a
315,749
10,484
-
326,233
651,893
19,536
-
671,429
Activities for
generating
funds
2b
24,710
-
-
24,710
67,806
6,977
-
74,783
Income from
investments
2c
3,235
-
-
3,235
2,283
171
-
2,454
Income from
church
activities
2d
23,892
6,375
-
30,267
22,329
125,399
-
147,728
Other
incoming
resources
2e
3,371
-
-
3,371
3,378
28,726
-
32,104
TOTAL INCOMING
RESOURCES
370,957
16,859
-
387,816
747,689
180,809
-
928,498
RESOURCES USED
Fundraising
costs
3a
45,088
1,133
-
46,221
38,739
1,333
-
40,072
Church
Activities (see
note 4a)
3b
356,887
16,421
-
373,308
350,828
244,336
-
595,164
Governance
costs
3c
4,213
-
-
4,213
3,449
-
-
3,449
TOTAL RESOURCES
USED
406,188
17,554
-
423,742
393,016
245,669
-
638,685
NET INCOMING
RESOURCES
BEFORE TRANSFERS
(35,231)
(695)
-
(35,926)
354,673
(64,860)
-
289,813
Transfers
between funds
6
-
-
-
-
18,436
(18,436)
-
-
NET INCOMING
RESOURCES
(35,231)
(695)
-
(35,926)
373,109
(83,296)
-
289,813
GAINS ON INVESTMENT ASSETS
On revaluation
7
-
-
978
978
-
-
2,234
2,234
NET MOVEMENT IN
FUNDS
(35,231)
(695)
978
(34,948)
373,109
(83,296)
2,234
292,047
Balances brought
forward at 1 January
2020
449,750
1,006,101
14,163
1,470,014
76,641
1,089,397
11,929
1,177,967
BALANCES CARRIED
FORWARD AT 31
DECEMBER 2020
414,519
1,005,406
15,141
1,453,066
449,750
1,006,101
14,163
1,470,014		 Unrestricted
Restricted
Endowment
Total
Unrestricted
Restricted
Endowment
Total
Funds
Funds
Funds
Funds
Funds
Funds
Funds
Funds
2020
2020
2020
2020
2019
2019
2019
2019
Note
£
£
£
£
£
£
£
£
INCOMING RESOURCES
Voluntary
income
2a
315,749
10,484
-
326,233
651,893
19,536
-
671,429
Activities for
generating
funds
2b
24,710
-
-
24,710
67,806
6,977
-
74,783
Income from
investments
2c
3,235
-
-
3,235
2,283
171
-
2,454
Income from
church
activities
2d
23,892
6,375
-
30,267
22,329
125,399
-
147,728
Other
incoming
resources
2e
3,371
-
-
3,371
3,378
28,726
-
32,104
TOTAL INCOMING
RESOURCES
370,957
16,859
-
387,816
747,689
180,809
-
928,498
RESOURCES USED
Fundraising
costs
3a
45,088
1,133
-
46,221
38,739
1,333
-
40,072
Church
Activities (see
note 4a)
3b
356,887
16,421
-
373,308
350,828
244,336
-
595,164
Governance
costs
3c
4,213
-
-
4,213
3,449
-
-
3,449
TOTAL RESOURCES
USED
406,188
17,554
-
423,742
393,016
245,669
-
638,685
NET INCOMING
RESOURCES
BEFORE TRANSFERS
(35,231)
(695)
-
(35,926)
354,673
(64,860)
-
289,813
Transfers
between funds
6
-
-
-
-
18,436
(18,436)
-
-
NET INCOMING
RESOURCES
(35,231)
(695)
-
(35,926)
373,109
(83,296)
-
289,813
GAINS ON INVESTMENT ASSETS
On revaluation
7
-
-
978
978
-
-
2,234
2,234
NET MOVEMENT IN
FUNDS
(35,231)
(695)
978
(34,948)
373,109
(83,296)
2,234
292,047
Balances brought
forward at 1 January
2020
449,750
1,006,101
14,163
1,470,014
76,641
1,089,397
11,929
1,177,967
BALANCES CARRIED
FORWARD AT 31
DECEMBER 2020
414,519
1,005,406
15,141
1,453,066
449,750
1,006,101
14,163
1,470,014
315,749
10,484
-
24,710
-
-
3,235
-
-
23,892
6,375
-
3,371
-
-
370,957
16,859
-
45,088
1,133
-
356,887
16,421
-
4,213
-
-
406,188
17,554
-
(35,231)
(695)
-
-
-
-
(35,231)
(695)
-
NT ASSETS
-
-
978		 326,233
24,710
3,235
30,267
3,371
387,816
46,221
373,308
4,213
423,742
(35,926)
-
(35,926)
978		 651,893
19,536
-
67,806
6,977
-
2,283
171
-
22,329
125,399
-
3,378
28,726
-
747,689
180,809
-
38,739
1,333
-
350,828
244,336
-
3,449
-
-
393,016
245,669
-
354,673
(64,860)
-
18,436
(18,436)
-
373,109
(83,296)
-
-
-
2,234		 671,429
74,783
2,454
147,728
32,104
928,498
40,072
595,164
3,449
638,685
289,813
-
289,813
2,234
(35,231)
(695)
978		 (34,948) 373,109
(83,296)
2,234		 292,047
449,750
1,006,101
14,163		 1,470,014 76,641
1,089,397
11,929		 1,177,967
414,519
1,005,406
15,141		 1,453,066 449,750
1,006,101
14,163		 1,470,014

St James' and Emmanuel Church: Annual Report 2020

BALANCE SHEET AT 31 DECEMBER 2020

Note
FIXED ASSETS
Investments
8a
Tangible Fixed Assets
8b
Total Fixed Assets
CURRENT ASSETS
Debtors
9a
Concessionary Loans
9b
Cash at bank and in hand
Total Current Assets
LIABILITIES: amounts falling due within one
year
10
NET CURRENT ASSETS
NET ASSETS
FUNDS
Unrestricted
11
Restricted
11
Endowment
11
TOTAL FUNDS		 2020
£
15,141
990,920
1,006,061
18,506
4,500
424,517
447,523
(18,518)
429,005
1,435,066
414,519
1,005,406
15,141
1,435,066		 2019
£
14,163
987,660
1,001,823
69,978
4,500
426,113
500,591
(32,400)
468,191
1,470,014
449,750
1,006,101
14,163
1,470,014

Approved by the Parochial Church Council on 15th March 2021 and signed on its behalf by:

Revd Dr Nick Bundock, Rector

Mrs Hilary A Lowe, Treasurer

St James' and Emmanuel Church: Annual Report 2020

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. ACCOUNTING POLICIES

Basis of preparation and assessment of going concern

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006, the Charities Act 2011, the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value except for the valuation of investments and fixed assets which are shown at their market value at 31 December 2020.

The financial statements include all transactions, assets and liabilities for which the PCC is responsible by 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 charity constitutes a public benefit entity as defined by FRS 102.

The PCC consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

Income recognition

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Donations and Grant Income are recognised when the charity has been notified in writing of both the amount and settlement date. Collections are recognised when received on behalf of the PCC. Planned giving receivable that is gift aided is recognised only when received. Income tax recoverable on gift aid donations is recognised when the income is recognised.

Legacy gifts are recognised on a case-by-case basis following the granting of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date.

Interest on fund held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Funds raised by events are shown gross.

Rental income from the letting of church premises is recognised when the rental is due.

Realised gains or losses are recognised when investments are sold. They are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains or losses are taken to the Statement of Financial Activities on revaluation of investments at 31 December 2020.

St James' and Emmanuel Church: Annual Report 2020

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 (continued)

Expenditure Recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measure reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings as described in the relevant note to the accounts.

Pensions

The PCC offers a stakeholder pension scheme to all employees. The insurers of the scheme hold the assets of the scheme separately from those of the PCC. The pension cost charge represents contributions payable by the Church to the fund for qualifying staff. The PCC has no further liability to the pension funds beyond these contributions.

Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities as incurred over the term of the lease.

Fixed assets

Consecrated land and buildings and moveable church furnishings

Consecrated and benefited property is excluded from the financial statements by the Charities Act 2011.

No value is placed on moveable church furnishings held by the churchwardens on special trust for the PCC and require a faculty for disposal, since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities (SOFA).

Other land and buildings

The Parish Centre is valued every 5 years and stated at its revalued amount. It is therefore not deemed necessary to depreciate the building. Any expenditure on maintenance or improvement is written off as incurred.

Fixtures and fittings

Fixtures and fittings are depreciated at 15% on a reducing balance basis with the exception of the Walker organ which is valued at purchase cost and will not be subject to depreciation in view of its deemed market value being significantly more than cost. Items of equipment that cost less than £2,500 are written off in the period in which they are acquired.

Financial Instruments

The PCC has made a concessionary loan. This is initially recognised at transaction value and subsequently measured at settlement value.

St James' and Emmanuel Church: Annual Report 2020

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 (continued)

2 INCOMING RESOURCES Unrestricted Restricted Total Total
Funds Funds Funds Funds
2020 2020 2020 2019
£ £ £ £
2a Voluntary income
Giving:
Gift Aid donations 209,384 7,823 217,207 211,117
Tax recoverable 53,113 1,956 55,069 51,477
Other giving (non tax efficient) 28,835 705 29,540 28,081
Donations:
CAF donations 12,867 - 12,867 11,497
For specific causes 1,550 - 1,550 7,646
Bequest 10,000 - 10,000 361,611
315,749 10,484 326,233 671,429
2b Activities for generating funds
Church Hall rental income 14,199 - 14,199 45,241
BBC rental income 1,251 - 1,251 3,466
Church rental income 2,060 - 2,060 6,483
Office income 3,411 - 3,411 7,101
Fundraising income 3,789 - 3,789 12,492
24,710 - 24,710 74,783
2c Income from investments 3,235 - 3,235 2,454
2d Income from church activities
Occasional service fees 4,521 - 4,521 10,413
Grants received 12,395 750 13,145 109,710
Toddler groups 1,549 - 1,549 5,004
Other activities and events 5,427 5,625 11,052 22,601
23,892 6,375 30,267 147,728
2e Other incoming resources
Insurance claims 902 - 902 211
Sundry income 2,469 - 2,469 31,893
3,371 - 3,371 32,104
TOTAL INCOMING RESOURCES 370,957 16,859 387,816 928,498

St James' and Emmanuel Church: Annual Report 2020

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 (continued)

3 RESOURCES USED Unrestricted Restricted Total Total
Funds Funds Funds Funds
2020 2020 2020 2019
£ £ £ £
3a Fundraising costs
Staff costs:
BBC attendants - - - 4
Wages & salaries 9,388 - 9,388 10,844
Church hall running and maintenance costs 33,393 - 33,393 27,855
Depreciation
Parish Centre - Fixtures and Fittings - 1,133 1,133 1,333
Fundraising costs 2,307 - 2,307 36
45,088 1,133 46,222 40,072
3b Church Activities (see note 4a)
Church giving to mission (see note 5) 32,390 - 32,390 23,400
Poverty Action Group - 9,389 9,389 13,637
Parish Share (Diocesan costs) 147,020 - 147,020 146,080
Buildings:
Premises Maintenance 49,260 - 49,260 243,718
Cleaning, insurance Council tax &
utilities 26,179 - 26,179 26,364
Church Hall running and maintenance 5,566 - 5,566 4,643
Clergy expenses 3,783 - 3,783 7,306
Occasional service expenses 2,925 - 2,925 9,260
Ministry team expenses 27,514 644 28,158 20,320
Youth and children's work 1,799 - 1,799 5,622
Toddler groups 319 - 319 1,091
Staff costs:
Wages & salaries 43,365 433 43,798 53,725
Expenses 353 - 353 1,984
Training 396 190 586 1,678
Office expenses 7,628 - 7,628 9,804
Refreshments 226 - 226 1,215
Depreciation
Fixtures and Fittings 1,619 189 1,808 1,032
Bank and card processing charges 625 - 625 476
Other activities and events 5,920 5,576 11,496 22,809
Flowers - - - 1,000
356,887 16,421 373,307 595,164

St James' and Emmanuel Church: Annual Report 2020

**NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 ** **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 ** **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 ** **NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 ** (continued) (continued)
3 RESOURCES USED (Cont.) Unrestricted Restricted Total Total
Funds Funds Funds Funds
2020 2020 2020 2019
£ £ £ £
3c Governance costs
Independent Examiners Fee 1,260 - 1,260 1,260
Finance costs 636 - 636 137
Staff costs:
Wages & salaries 2,317 - 2,317 2,052
4,213 - 4,213 3,449
TOTAL RESOURCES USED 406,188 17,554 423,742 638,685

St James' and Emmanuel Church: Annual Report 2020

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 (continued) 4 CHURCH ACTIVITIES

4a Expenditure on church activities is 2020
as follows:
£
Activities undertaken directly 351,582
Grant funding and donations 46,807
Support costs (see note 4b) 25,353
423,742

4b Support costs

The allocation of support costs, including pension contributions to defined contribution plans, has been based on the estimated proportion of time costs of the individual members of staff and the expenditure related to their activity. The overall allocation is as follows:

4c

is as follows:
2020
£
Support staff salary costs 17,973
Office expenses and bank charges 4,439
Depreciation: Fixtures & Fittings 2,941
25,353
Total staff costs 2020 2020
£ £
Salaries 54,953 65,736
Employer’s contributions to defined
contribution pension schemes 550 889
Social security costs - -
55,503 66,625

The clergy stipends are paid directly by the Diocese and are not included above. No employee received employee benefits excluding employer pension costs of more than £60,000 per annum.

2020 2019
Number Number
The average number of employees was as follows:
Support & Layworkers 1 1
Management & administration 2 2
3 3

St James' and Emmanuel Church: Annual Report 2020

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 (continued) -

Trustees' expenses

4d

Members of the PCC receive no remuneration for acting as such. The expenses paid to the trustees in the year totalled £6,660 (2019-£14,457). 7 trustees were reimbursed. Clergy expenses (to 6 trustees) totalling £2,359 (2019-£4,000) for travel, hospitality, phone, internet and mobile costs were paid. Other Clergy expenses (to 4 trustees) relating to expenses of office totalling £686 (2019-£2,564) for training, books, subscriptions, robes etc were paid. £3,615 (2019-£7,893) were reimbursed to 7 trustees to pay for materials and items for church activities and fundraising costs.

5 MISSION GIVING 2020 2019
£ £
General Mission Fund:
Boaz Trust - 1,200
DEC (Disasters Emergency Committee)- Coronavirus Appeal 1,000 -
DEC (Disasters Emergency Committee)- Cyclone Appeal - 1,000
Diocese of Muhabura - 2,700
Daniel Eswarappa - Evangelising Asia 5,000 2,700
L’Arche Manchester 4,190 -
Ozanne Foundation 2,500 -
Howie Pickering 2,000 3,700
Potter's Village 5,000 2,600
Prospect for people - 1,200
Protem (Ron Finlay) - 1,700
K L Roberts - No Barriers Foundation 2,300 -
Samara’s Aid Appeal 2,400 2,600
St Thomas PCC - 2,600
Team travel and expenses – Uganda 500 -
Tearfund 2,500 -
Tearfund – supporting work in Beirut 500 -
The Message Trust 2,500 -
Total Mission Giving (from Church Fund Tithe) 30,390 22,000
Potter’s Village - 1,400
Total Mission Giving (From Emmanuel HLF Project Tithe) - 1,400
Admin, Expenses and Bank Charges 60 120
30,450 23,520
Additional Mission giving
The Children's Society 1,000 -
Salford Deanery Synod 500 -
St Luke's Church Wythenshawe Deanery 250 -
St Martin's Church Wythenshawe Deanery 250 -
Total Mission Giving (from General Funds) 2,000 -

St James' and Emmanuel Church: Annual Report 2020

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 (continued)

6 FUND TRANSFERS

6 FUND TRANSFERS
Transfer Unrestricted Restricted
Amount Funds Funds
2020 2020 2020
£ £ £
From General Fund to Mission Fund 26,789 - -
From General Fund to Fabric Fund 5,000 - -
From Legacy Fund to General Fund 4,000 - -
- -
7 UNREALISED GAINS/LOSSES IN INVESTMENTS AND FIXED ASSETS
Unrealised gain on investments: 2020
£
Market value at 31 December 2020 15,141
Market value at 31 December 2019 14,163
Gain (details shown in note 8a) 978
Represented by:
Unrealised gain arising from change in market value 978
8 FIXED ASSETS FOR THE USE BY THE PCC
Investments
8a
The investments are endowment funds.
Shares / Market Market
Nominal Cost Value Value
Value 2020 2019
£ £ £
CC & M Ellis Memorial Fund:
CBF INV FUND 124001141S** 740.52 2,116 15,141 14,163
Total 2,116 15,141 14,163

St James' and Emmanuel Church: Annual Report 2020

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 (continued)

8b Tangible Fixed Assets Freehold Fixtures, Total
land and fittings &
Buildings Equipmen
t
£ £ £
Cost or Valuation
At 1 January 2020 1,045,922 122,387 1,168,309
Additions during the year -
6,201		 6,201
At 31 December 2020 1,045,922 128,588 1,174,510
Depreciation
At 1 January 2020 120,922 59,727 180,649
Charge for the year -
2,941		 2,941
At 31 December 2020 120,922 62,668 183,590
Net Book Value
At 1 January 2020 925,000 62,660 987,660
At 31 December 2020 925,000 65,920 990,920
The land and buildings were valued by an independent valuer, Bentley Higgs LLP, on
1 November 2018 at £925k.
2020 2019
Freehold land and buildings included above: £ £
Historical cost 1,045,922 1,045,922
Cumulative depreciation based on historical cost 120,922 120,922
925,000 925,000
9 DEBTORS
9a Debtors
2020 2019
£ £
Income tax recoverable on Gift Aid 10,844 28,155
Other debtors and prepayments 7,662 41,823
18,506 69,978
9b Concessionary Loans
2020
£
Amount repayable within one year 4,500
Amount repayable after more than one year -

Significance of Financial Instruments to the Charities Position

9c A concessionary loan of £12,000 was provided to The Parish Hall Charity (registered charity number 501253) in 2017 with the approval of the PCC for essential and substantial roof repairs required at No 6 Barlow Moor Road, Didsbury. The money was lent interest free and whilst no formal arrangement of repayment terms have been stipulated it is expected that the loan will be repaid by the end of 2021 dependent upon the cash flow requirements of No 6. This was a related party transaction.

St James' and Emmanuel Church: Annual Report 2020

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020 (continued)

10 LIABILITIES: amounts falling due within one year

2020 2019
£ £
Accruals and deferred income (18,518) (32,400)
11 FUNDS
Unrestricted Restricted Endowment Total
Funds Funds Funds Funds
£ £ £ £
The Fund values are represented by:
Investments - - 15,141 15,141
Tangible fixed assets 9,175 981,745 - 990,920
Assets 421,855 25,668 - 447,523
Liabilities (16,511) (2,007) - (18,518)
414,519 1,005,406 15,141 1,435,066

12 FINANCIAL COMMITMENTS

At 31 December 2020, the PCC has annual commitment under non-cancellable operating leases as follows:

2020 2019
£ £
Expiry date:
Within one year 750 750
Between one and five years 806 2,947

13 CAPITAL COMMITMENTS

At 31 December 2020 (and 31 December 2019), the PCC approved the Capital outlay for Emmanuel of £150k to refurbish the toilets, including the installation of a Changing Places toilet. This project will be substantially funded by the legacy received in 2020 and 10% from monies raised through fundraising.