# **St Mary Magdalene’s PCC Stoke Bishop**
**The Parochial Church Council Presents its Unaudited Annual Report And Financial Statements**
**For the year ended 31 December 2020**
Charity commission 1131728
**The Parochial Church Council of the Ecclesiastical Parish of St Mary Magdalene, Stoke Bishop Annual report and Financial Statements Year ended 31 December 2020**
The Parochial Church Council present their report and the unaudited financial statements for the year ended 31 December 2020.
The Financial Statements are in accordance with the Church Accounting Regulations 2006 and comply with the Charities Act 2011 and the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland published on 16 July 2014.
## **Charitable Status**
The Parochial Church Council (PCC) is a corporate body established by the Church of England under the PCC Powers Measure. The PCC was registered as a charity in 2009, charity number 1131728. The PCC members have complied with the duty in section 17 of the Charities Act 2011 to have due regard to public benefit guidance published by the Commission.
## **Background**
The Parochial Church Council of the Ecclesiastical Parish of St Mary Magdalene, Stoke Bishop (St Mary's PCC) has the responsibility of co-operating with the incumbent, the Reverend Jema Ball, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical (under the PCC (Powers) Measure 1956).
## **The Parochial Church Council (PCC)**
The appointment of PCC members is governed by and set out in the Churches Representation rules. A list of PCC Members for the year 2019-2020 is set out on page 5. New members are provided with a detailed briefing pack explaining their responsibilities and members attend occasional courses.
During the year the PCC has met bi-monthly. Meetings are preceded by a time of prayer, to which members of the congregation are invited.
## **Officers of the Parochial Church Council**
|Chair|Reverend Jema Ball|
|---|---|
|Vice Chair|Ann Thomas|
|Vice Chair|Stephanie Wren - to 14 October 2020|
|Vice Chair|Caroline Jowett-Ive - from 14 October 2020|
|Secretary|Stephen Fairbairn|
|Treasurer|Caroline Owen|
## **Address**
The Church Office, Mariners Drive, Stoke Bishop, Bristol, BS9 1QJ.
## **Bankers**
National Westminster Bank Plc, PO Box 221, 13 High Street, Westbury-on-Trym, Bristol, BS9 5AL.
COIF Charity Fund, CCLA Investment Management Ltd, 85 Queen Victoria Street, London EC4V 4ET.
## **Independent Examiner**
Jonathan Marchant, Mazars LLP, Chartered Accountants, 90 Victoria Street, Bristol, BS1 6DP.
Page 1
**The Parochial Church Council of the Ecclesiastical Parish of St Mary Magdalene, Stoke Bishop Annual report and Financial Statements Year ended 31 December 2020**
## **Aims**
The PCC, in cooperation with the Incumbent, is required to meet its obligations in ways which:
- Seek God's vision for the Church together with the paid and voluntary staff of St. Mary's and with key groups and individuals within it;
- Seek God's direction and guidance in all decision making;
- Ensure that, where possible and appropriate, the views of members and groups in the congregation can be represented when major decisions are made;
- Ensure that St Mary's is faithful in its stewardship of everything that God has given us (including time); and
- Promote in the Parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.
## **Achievement and performance**
2020 was an astonishing year. As a world, and as a church community, the global pandemic caused us to navigate enormous change and we faced many new challenges. We all experienced loss, and some have known pain and tragedy. We also made significant strides forward and have discovered how adaptable churches can be. We have continued to sense God’s blessing and leading as we have stayed faithful to our core purpose: following Jesus and making Him known.
One of the highlights of the year has been the increased contact with our wider community, through having the church open daily from June onwards. This has resulted in many more conversations with people who wouldn’t normally join a church service. Some have been actively exploring the Christian faith as a result.
St Mary's is extremly blessed to have a large team of staff and ministers. Some are employed and others give their time freely to the church. This year in particular the staff team have had to be very adaptable. Some of the team have graciously been ‘furloughed’ at different points, and others have been willing to take on work outside of their usual remit in order to help the church minister in new ways.
Gathered worship has probably been the area of our church life which has had to adapt the most during 2020. Much of what we had planned was still able to take place but using YouTube and Zoom rather than in person. Over the year we have been very aware that ‘online’ worship has been challenging for families and that provision for children and young people on Sundays has been limited. Explore@4, a fortnightly Sunday service aimed at families began in September and is going well.
An early introduction was a regular pattern of Morning Prayer on YouTube and this continued for the rest of the year. This helped a considerable number of people to engage regularly with an act of worship, some from within the parish and others accessing the services from further afield.
Despite the challenges, we have much to celebrate in our ministry to Children, Youth and Families. We are delighted to have been given several opportunities to reach out and keep in contact with families of all ages in different ways over the last year.
Page 2
**The Parochial Church Council of the Ecclesiastical Parish of St Mary Magdalene, Stoke Bishop Annual report and Financial Statements Year ended 31 December 2020**
## **The Leadership Team**
The Leadership Team acts as the Standing Committee of the PCC and consists of the leaders of the key areas of ministry at St Mary’s and elected members from the PCC
|Rev Jema Ball|Incumbent -Worship and Training|
|---|---|
|Rev Simon Potter|Growing Disciples|
|Tony Hughes|Stewardship and Resources-elected PCC representative|
|Rev John White|Making Disciples and Youth and Children|
|Rev Jennifer Hall|Pastoral Care|
|Stephanie Wren|Church warden - until 14 October 2020|
|Ann Thomas|Church warden|
|Caroline Jowett-Ive|Church warden - from 14 October 2020|
|Caroline Owen|Treasurer and safeguarding- elected PCC representative|
## **Relationships with other groups, charities and individuals**
As a parish church, within the Diocese of Bristol in the Church of England, the church undertakes to pay the annual Parish Share, which, during this period was £160,980 (2019 - £156,300).
The Diocese of Bristol pays the salaries of the Incumbent Rev Jema Ball, the associate vicar Rev Simon Potter and the curate Rev John White.
## **Electoral Roll**
The annual revision of the Electoral Roll last took place in April 2020, establishing that the number on the Electoral Roll was 314 (2019- 314).
## **Risk Management**
As a body responsible for the condition of the fabric of St Mary’s and for the safety and well-being of those worshipping there and everyone using its facilities, the PCC adopts policies and takes measures to minimise the risks involved. The PCC and its committees adhere to and implement the provisions of legislation and current good practice.
The major risks to which St Mary's PCC is exposed and the systems to mitigate those risks are as follows:
- Physical risks to congregation and staff which are dealt with through the regular review of the Health and Safety policy and practice.
- Risks from fire are mitigated by keeping the building and equipment in good repair.
- Maintaining safeguarding policies to protect children and vulnerable adults from potential abuse, including appointment procedures and training.
- Church finances which are carefully administered to optimise income and control expenditure.
- The short term nature of its revenue funding, with steps being taken continually to ensure that funding continues.
- Operating risks, with cover for public liability, office and buildings insurances and landlord’s insurance in respect of a tenanted property owned by the church.
Page 3
**The Parochial Church Council of the Ecclesiastical Parish of St Mary Magdalene, Stoke Bishop Annual report and Financial Statements Year ended 31 December 2020**
## **PCC responsibility for the financial statements**
The law requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Parish and of its income and expenditure for that period. In preparing those financial statements, the PCC is required to:
- Select suitable accounting policies and then apply them consistently;
- Make judgements and estimates that are reasonable and prudent; and
- Prepare the financial statements on the going concern basis unless this is inappropriate.
The PCC members are responsible for maintaining proper accounting records which disclose with reasonable accuracy at any time the financial position of the Parish and to enable them to ensure that the financial statements comply with the relevant legislation. They are also responsible for safeguarding the assets of the Parish and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
At the beginning of the year 2021 the budget prepared anticipated a deficit for the General Fund. The Parish Share for 2021 has remained the same as for 2020. The PCC are confident that they will be able to meet their financial obligations.
## **Reserves Policy**
The PCC aim to maintain reserves in unrestricted funds at a level that will allow sufficient funds to be available to respond to charitable activities as they arise and also to ensure that support and governance costs can be met for at least three months.
The PCC consider that we have slightly higher reserves than required, however as a result of the pandemic and the church being closed for gathered worship, there is an anticipated fall in income for 2021. The balance held as unrestricted funds at the year end was £257,843 (2019-£229,107) of which £115,950 (2019-£87,214) are regarded as free reserves after allowing for funds tied up in tangible fixed assets.
## **Post Balance Sheet Events**
Since the year end the continued global pandemic caused by the outbreak of COVID-19 has led to a restriction in activities usually carried out by the church. Although the church re opened for gathered worship in September 2020 it was decided at the January 2021 PCC meeting to close again.
The clergy of St Mary Magdalene have continued to support the parish by holding regular YouTube and zoom services and socially distanced contact. The Leadership team have agreed a gradual process of reopening the church that is compliant with safety procedures advised by the Diocese of Bristol.
The church has ceased to receive some sources of income such as fees for weddings, plate collections and rent of the church rooms, however due to the continued generosity of the congregation, the PCC do not have concerns for the ability of the church to meet its liabilities as they fall due.
Approved and signed by
## _**Jema Ball**_
Rev Jema Ball Incumbent 10th Sepetember 2021
Page 4
## **The Parochial Church Council of the Ecclesiastical Parish of St Mary Magdalene, Stoke Bishop Annual report and Financial Statements Year ended 31 December 2020**
## **PCC members 2020**
## **Clergy**
Rev Jema Ball Rev Simon Potter Rev John White Rev Angela Cattell Rev Jennifer Hall Rev Hazel Trapnell Rev Joanna Morris - from 11 October 2020
## **Licensed Lay Ministers**
Brian Richardson Peter Robottom
## **Churchwardens**
Stephanie Wren - to 14 October 2020 Ann Thomas Caroline Jowett-Ive - from 14 October 2020
## **Members of Diocesan Synod**
Yvonne Penn Peter Robottom
## **Members of Deanery Synod**
Hayley Brydges - from 14 October 2020 Ben Notley - from 14 October 2020 Tony Hughes Jo Wright - from 14 October 2020
## **PCC members**
Jenny Baker Steve Fairbairn Julia Gwyther Wendy Hughes Andrew Judd Miles Kitching Caroline Owen - Treasurer Pauline Pearson Jerry Sandford - from 14 October 2020 Caroline Simpson Justin Stratis Tony Yeadon - from 14 October 2020
Michael Stewart who was a member of the PCC on 1 January 2020 resigned on 14 October 2020
Page 5
## **Independent Examiner’s Report to the Members of The Parochial Church Council (PCC) of the Ecclesiastical Parish of St Mary Magdalene, Stoke Bishop**
I report on the financial statements of the PCC of St Mary Magdalene, Stoke Bishop for the year ended 31 December 2020, which comprise the Statement of Financial Activities, the Balance Sheet and the related notes.
## **Respective responsibilities of trustees and examiner**
The charity’s trustees are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
- examine the financial statements under section 145 of the 2011 Act;
- follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
This report, including my statement, has been prepared for and only for the charity’s trustees as a body. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body for my examination work, for this report, or for the statements I have made.
## **Basis of independent examiner’s report**
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
## **Independent examiner’s statement**
In connection with my examination, which is complete, no matters have come to my attention which give me reasonable cause to believe that in any material respect:
- accounting records were not kept in respect of the PCC of St Mary Magdalene, Stoke Bishop in accordance with section 130 of the 2011 Act; or
- the financial statements do not accord with those records; or
- the financial statements do not comply with the applicable requirements concerning the form and content of financial statements set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the financial statements 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, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
## _**Jonathan Marchant FCA**_
Chartered Accountant Mazars LLP 90 Victoria Street Bristol BS1 6DP 15th September 2021
Page 6
## **The Parochial Church Council of the Ecclesiastical Parish of St Mary Magdalene, Stoke Bishop Statement of Financial Activities for the Year Ended 31 December 2020**
|Unrestricted
funds
note
£
Donations and legacies
2
295,047
3
11,462
Investment income
4
11,540
Total
318,049
**Expenditure on**
Raising funds
5
8,587
Charitable activities
6
281,019
Total
289,606
28,443
**Transfers**
Gross transfers between funds
293
28,736
**Other recognised gains**
35,000
Net movements in funds
63,736
**Reconciliation of funds**
Total funds brought forward
497,215
Total funds carried forward
560,951
Net income
Net income before other
recognised gains and
losses
Gains on revaluation of
fixed assets for charity's
own use
Activities for generating
funds
**Income and endowments**
**from**|Unrestricted
funds
note
£
Donations and legacies
2
295,047
3
11,462
Investment income
4
11,540
Total
318,049
**Expenditure on**
Raising funds
5
8,587
Charitable activities
6
281,019
Total
289,606
28,443
**Transfers**
Gross transfers between funds
293
28,736
**Other recognised gains**
35,000
Net movements in funds
63,736
**Reconciliation of funds**
Total funds brought forward
497,215
Total funds carried forward
560,951
Net income
Net income before other
recognised gains and
losses
Gains on revaluation of
fixed assets for charity's
own use
Activities for generating
funds
**Income and endowments**
**from**|Restricted
funds
£
47,302
956
-
2020|Total
£
342,349
12,418
11,540|Unrestricted
funds
£
258,591
49,377
11,738|Restricted
funds
Total
£
£
43,124
301,715
3,965
53,342
-
11,738
47,089
366,795
3,510
36,780
57,985
361,530
61,495
398,310
(14,406)
(31,515)
(320)
-
(14,726)
(31,515)
-
-
(14,726)
(31,515)
70,607
584,611
55,881
553,096
2019|
|---|---|---|---|---|---|
||318,049|48,258|366,307|319,706||
|||875
22,030|9,462
303,049|33,270
303,545||
||289,606|22,905|312,511|336,815||
||28,443
293|25,353
(293)|53,796
-|(17,109)
320||
||28,736
35,000|25,060
-|53,796
35,000|(16,789)
-||
||63,736
497,215|25,060
55,881|88,796
553,096|(16,789)
514,004||
||560,951|80,941|641,892|497,215||
All incoming resources and resources expended derive from continuing activities.
The notes on pages 9 to 16 form an integral part of these financial statements
Page 7
## **The Parochial Church Council of the Ecclesiastical Parish of St Mary Magdalene, Stoke Bishop Balance Sheet as at 31 December 2020**
|note
**Fixed assets**
Tangible assets
9
Heritage assets
9
**Current assets**
Debtors
10
Cash at bank and in hand
11
**Net assets**
**The funds of the charity:**
**Restricted funds**
13
**Unrestricted Funds**
Revaluation reserve
13
Unrestricted income funds
13
**Total charity funds**
**_Jema Ball_**
Reverend Jema Ball
Incumbent
10th September 2021
**Creditors: Amounts falling due**
**within one year**
Approved and signed by|£
£
£
£
445,000
410,000
1
1
445,001
410,001
21,022
12,695
184,087
141,885
205,109
154,580
8,218
11,485
196,891
143,095
641,892
553,096
80,941
55,881
303,108
268,108
257,843
229,107
560,951
497,215
641,892
553,096
**_Caroline Owen_**
C Owen
2019
2020
PCC Member|£
£
£
£
445,000
410,000
1
1
445,001
410,001
21,022
12,695
184,087
141,885
205,109
154,580
8,218
11,485
196,891
143,095
641,892
553,096
80,941
55,881
303,108
268,108
257,843
229,107
560,951
497,215
641,892
553,096
**_Caroline Owen_**
C Owen
2019
2020
PCC Member|
|---|---|---|
|||410,001
143,095|
|||553,096|
|||55,881
497,215|
|||553,096|
||||
The notes on pages 9 to 16 form an integral part of these financial statements.
Page 8
**The Parochial Church Council of the Ecclesiastical Parish of St Mary Magdalene, Stoke Bishop Notes to the Financial Statements for the Year Ended 31 December 2020**
## **1. Accounting policies**
The Parochial Church Council (PCC) is a corporate body established by the Church of England under the PCC Powers Measure. The PCC was registered as a charity in 2009, charity number 1131728. Its registered office is Mariners Drive, Stoke Bishop, Bristol BS9 1QJ.
## **Basis of preparation and assessment of going concern**
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of certain fixed assets, and in accordance with the Statement of Recommended Practice 'Accounting and Reporting by Charities preparing their accounts in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland' effective from 1 January 2015 (FRS102), applicable accounting standards and the Charities Act 2011.
The PCC constitutes a public benefit entity as defined by FRS102.
The presentation currency of the financial statements is sterling and all figures are rounded to the nearest pound. The comparative information relates to the year ended 31 December 2019.
Although the impact of COVID-19 is still uncertain the congregation of the church has continued to support the work of the church by their committed giving. The PCC consider that there are no uncertainties about their ability to continue as a going concern as a result of the pandemic or any other matters.
## **Fund accounting policy**
Unrestricted income funds are general funds that are available for use at the PCC's discretion in furtherance of the objectives of the charity.
Restricted funds are those donated for use in a particular area or for a specific purpose, the use of which is restricted to that area.
Designated funds are unrestricted funds set aside at the discretion of the PCC for specific purposes. Details of each fund are disclosed in note 13.
## **Incoming resources**
Voluntary income, including donations and grants including coronovirus job retention scheme payments, that provide core funding is recognised where there is an entitlement, probability of receipt and when the amount can be reliably measured.
Income from tax reclaims are included at the same time as the gift to which they relate.
Income from events and fund raising activities is recognised as earned.
Investment income is recognised on a receivable basis.
## **Resources expended**
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category.
Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be directly allocated to the activity and indirect costs required to support the work of the charity.
Grants and donations payable are recognised in the accounts when a commitment has been made and there is certainty about the timing and amount of the payment.
Page 9
**The Parochial Church Council of the Ecclesiastical Parish of St Mary Magdalene, Stoke Bishop Notes to the Financial Statements for the Year Ended 31 December 2020**
## **Governance costs**
Governance costs include costs of the preparation and examination of the Report and Financial Statement, costs relating to PCC meetings and any legal costs relating to governance and constitutional matters.
## **Fixed assets**
Consecrated land and buildings and other church furnishing are not included in the accounts in accordance with s10 (2) (a) of the Charities Act 2011. All expenditure on such property is written off as incurred.
Moveable church furnishings that require a faculty for disposal are inalienable property and are held by the vicar and churchwardens on special trust for the PCC. These assets are listed in the church's inventory which can be inspected at any reasonable time.
Other land and buildings are owned by the PCC and are stated at valuation.
Expenditure on office and audio equipment and musical instruments is treated as capital additions where it exceeds £2,500.
## **Depreciation**
Depreciation is provided on tangible fixed assets so as to write off the cost, less any residual value, over their expected useful life as follows:
Office audio and musical equipment
33% straight line basis
## **Taxation**
The charity is exempt from tax as it has no taxable activities. Irrecoverable VAT borne by the charity is included in the cost of the item to which it relates.
## **Cash at bank and in hand**
Cash at bank and in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount at which the charity is expected to benefit in a future period.
## **Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance Sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Liabilities are recognised at the amount that the charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide. Provisions are measured at the best estimate of the amounts required to settle the obligation.
## **Financial instruments**
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.
Page 10
**The Parochial Church Council of the Ecclesiastical Parish of St Mary Magdalene, Stoke Bishop Notes to the Financial Statements for the Year Ended 31 December 2020**
## **2. Donations and legacies**
|**Donations and legacies**
Committed giving
Donations
Bequests
Gift aid tax reclaimed
**Grants**
Job Retention Scheme
Received from Diocese for
church secretary|Unrestricted
Funds
£
178,983
66,480
-
41,969|Restricted
Funds
£
-
38,661
2,000
6,641
2020|Total Funds
£
178,983
105,141
2,000
48,610|Unrestricted
Funds
£
182,737
33,759
-
40,289|Restricted
Funds
Total Funds
£
£
-
182,737
28,316
62,075
13,449
13,449
1,359
41,648
43,124
299,909
-
-
-
1,806
43,124
301,715
2019|
|---|---|---|---|---|---|
||287,432
7,615
-|47,302
-
-|334,734
7,615
-|256,785
-
1,806||
||295,047|47,302|342,349|258,591||
## **3. Activities for generating funds**
|**Parish activities**
Bookstall and bible notes
House party income
Fees for weddings and funerals
Church and church room rental
**Fund raising**
Magazine advertising and sales
Social events|Unrestricted
Funds
£
19
660
4,982
2,816|Restricted
Funds
£
-
-
-
-
2020|Total Funds
£
19
660
4,982
2,816|Unrestricted
Funds
£
144
14,176
15,232
11,164|Restricted
Funds
Total Funds
£
£
-
144
-
14,176
-
15,232
-
11,164
-
40,716
-
3,342
3,965
9,284
3,965
12,626
3,965
53,342
2019|
|---|---|---|---|---|---|
||8,477|-|8,477|40,716||
||2,876
109|-
956|2,876
1,065|3,342
5,319||
||2,985|956|3,941|8,661||
|||||||
||11,462|956|12,418|49,377||
## **4. Investment income**
|Rent from property
Interest on cash deposits|Unrestricted
Funds
£
11,400
140|Restricted
Funds
£
-
-
2020|Total Funds
£
11,400
140|Unrestricted
Funds
£
11,400
338|Restricted
Funds
Total Funds
£
£
-
11,400
-
338
-
11,738
2019|
|---|---|---|---|---|---|
||11,540|-|11,540|11,738||
Page 11
## **The Parochial Church Council of the Ecclesiastical Parish of St Mary Magdalene, Stoke Bishop Notes to the Financial Statements for the Year Ended 31 December 2020**
## **5. Raising funds**
|Magazine printing
House party
Bookstall purchases
Social events
Wedding and funeral fees
and costs|Unrestricted
Funds
£
5,760
724
49
2,054
-|Restricted
Funds
£
-
-
-
-
875
2020|Total Funds
£
5,760
724
49
2,054
875|Unrestricted
Funds
£
5,560
15,166
100
8,412
4,032|Restricted
Funds
Total Funds
£
£
-
5,560
-
15,166
-
100
-
8,412
3,510
7,542
3,510
36,780
2019|
|---|---|---|---|---|---|
||8,587|875|9,462|33,270||
## **6. Details of charitable activities**
|**Grants and donations**
Parish share
Mission giving
Other giving
**Support costs**
Employment costs
Lighting and heating
Insurance
Repairs and maintenance
Church rooms development
Churchyard expenses
Telephone and computers
Subscriptions and training
Cleaning
Water rates
Service supplies
Staff recruitment
Bank charges
Sundry costs
Youth ministry costs
**Governance costs**
Independent examiner’s fee
Stationery and postage
Clergy expenses
Organist, choir and music costs|Unrestricted
Funds
£
160,980
-
-|Restricted
Funds
£
-
20,427
327
2020|Total Funds
£
160,980
20,427
327|Unrestricted
Funds
£
156,300
-
-|Restricted
Funds
Total Funds
£
£
-
156,300
25,195
25,195
13,967
13,967
39,162
195,462
-
85,753
-
11,755
-
3,133
-
10,930
16,057
16,057
-
129
-
5,707
-
3,607
-
4,123
-
2,820
-
1,915
-
602
-
2,400
-
1,734
-
687
2,766
4,894
-
2,464
-
4,958
18,823
163,668
-
2,400
57,985
361,530
2019|
|---|---|---|---|---|---|
||160,980|20,754|181,734|156,300||
||77,059
11,053
3,218
4,732
-
63
1,823
2,732
3,977
3,323
1,653
481
-
150
472
1,473
1,659
3,549|-
-
-
-
-
-
-
-
-
355
-
-
-
-
-
921
-
-|77,059
11,053
3,218
4,732
-
63
1,823
2,732
3,977
3,678
1,653
481
-
150
472
2,394
1,659
3,549|85,753
11,755
3,133
10,930
-
129
5,707
3,607
4,123
2,820
1,915
602
2,400
1,734
687
2,128
2,464
4,958||
||117,417|1,276|118,693|144,845||
||2,622|-|2,622|2,400||
||281,019|22,030|303,049|303,545||
Page 12
## **The Parochial Church Council of the Ecclesiastical Parish of St Mary Magdalene, Stoke Bishop Notes to the Financial Statements for the Year Ended 31 December 2020**
## **7. Grants and donations**
|**7. Grants and donations**|||
|---|---|---|
|Parish share - paid to Diocese of Bristol
Mission giving
Other charitable giving
Giving to Mission partners
Institutions
Individuals
Other missionary and charitable giving|2020
£
160,980
20,427
327|2019
£
156,300
25,195
13,967|
||181,734|195,462|
||16,867
2,500
1,060|20,548
2,400
2,247|
||20,427|25,195|
## **8 Employees’ remuneration**
The average number of persons employed by the charity during the year was as follows:
|Youth workers and trainees
Director of music
Office and administration staff|2020
2019
number
number
2
2
1
1
3
3
6
6|
|---|---|
The aggregate payroll costs of these staff were as follows:
|Office and administration staff
Employer’s national insurance contributions
Employer’s pension contributions
Youth workers and trainees
Director of music|2020
2019
£
£
23,052
32,396
18,614
15,884
33,529
35,141
75,195
83,421
731
1,247
1,133
1,085
77,059
85,753|
|---|---|
No employees were paid more than £60,000 in the year by the PCC.
One employee was paid statutory redundancy pay in the year.
The PCC members are considered the key management personnel of the PCC. No PCC member was paid any remuneration or working expenses during the year in their capacity as PCC members.
Page 13
**The Parochial Church Council of the Ecclesiastical Parish of St Mary Magdalene, Stoke Bishop Notes to the Financial Statements for the Year Ended 31 December 2020**
## **9 Tangible fixed assets**
|**Cost or valuation**
At 1 January 2020
Additions
Revaluation
At 31 December 2020
**Depreciation**
At 1 January 2020
Charge for the year
At 31 December 2020
Net book value
At 31 December 2020
At 31 December 2019|Freehold
land and
buildings
(including
heritage
assets)
£
410,001
-
35,000|Fixtures
fittings and
equipment
£
24,980
-
-|Total
£
434,981
-
35,000|
|---|---|---|---|
||445,001|24,980|469,981|
||-
-|24,980
-|24,980
-|
||-|24,980|24,980|
||445,001|-|445,001|
||410,001|-|410,001|
Freehold land and buildings consists of a house, 1 St Laud Close. The property was valued at £445,000 at the year end by N Powlesland MRICS Chartered Surveyor.
The historical cost of the freehold land and buildings was £141,893
The church rooms have been classed as heritage assets. As the property has restrictions that prevent it being sold, the PCC have valued it at £1.
|Gift aid refund due
Prepayments
Accrued expenses
**10 Debtors**
**11 Creditors: Amounts falling due within one year**
Payroll taxes and pension contributions|2020
£
19,444
1,578|2019
£
12,695
-|
|---|---|---|
||21,022|12,695|
||2020
£
7,696
522|2019
£
10,909
576|
||8,218|11,485|
Page 14
**The Parochial Church Council of the Ecclesiastical Parish of St Mary Magdalene, Stoke Bishop Notes to the Financial Statements for the Year Ended 31 December 2020**
## **12. Related Parties**
Controlling entity: The charity is controlled by the PCC members.
## **13. Analysis of Funds**
|**Restricted Funds**
Mission Fund
Earmarked fund
Mental Health Fund
Youth work fund
Hazelnut Community Farm
Lunch club
Development fund
**Unrestricted Funds**
General fund
**Designated funds**
Building fund
Capital reserve fund
**Revaluation of fixed assets**
Revaluation reserve fund
**Total funds**|At 1 January
2020
£
2,161
194
-
-
7,509
46,017|Incoming
resources
£
16,212
270
1,000
5,620
5,825
956
18,375|Resources
expended
£
(20,427)
(270)
(355)
(327)
(651)
(875)
-|Transfer
At 31
December
2020
£
£
5,000
2,946
-
194
645
(5,293)
-
-
5,174
-
7,590
-
64,392
(293)
80,941
293
96,655
-
39,354
-
121,834
293
257,843
-
303,108
-
641,892|
|---|---|---|---|---|
||55,881|48,258|(22,905)||
||67,919
39,354
121,834|318,049
-
-|(289,606)
-
-||
||229,107|318,049|(289,606)||
||268,108|35,000|-||
||553,096|401,307|(312,511)||
## **Unrestricted funds**
Building fund Sums set aside to meet non routine repairs and to meet expenditure due after each quinquennial review.
Capital reserve fund
Accumulated profits on sales of fixed assets and exceptional write offs from earlier years.
## **Restricted funds**
Mission fund
Earmarked fund
Development fund
Youth Work fund
Hazelnut Community Farm Lunch Club fund Mental Health Fund
Donations received for distribution to mission partners and other charities.
Sums received where the donor has specified the purpose of the donation.
Donations and legacies received where the PCC have set aside funds to develop the church buildings and encourage the growth of the church.
Deals with donations received for the youth of St Marys.
Donations received to support the work of Hazelnut Community Farm.
Accumulated funds held by the lunch club which provides a weekly lunch.
Donations received to support the work of a mental health support group.
Page 15
**The Parochial Church Council of the Ecclesiastical Parish of St Mary Magdalene, Stoke Bishop Notes to the Financial Statements for the Year Ended 31 December 2020**
## **14. Transfers**
The following transfers have been made from the general fund:
- £5,000 to the Mission fund to support the work and students of Trinity College.
The following transfers have been made to the general fund:
- £5,293 from the Youth Work fund as a contribution towards the cost of youth worker salaries.
## **15. Net assets by Fund**
|**15. Net assets by Fund**||||
|---|---|---|---|
|Heritage assets
Current assets
Creditors: amounts falling due within one year
Tangible assets|**Unrestricted**
**Funds**
**£**
445,000
1
124,168
(8,218)|**Restricted**
**Funds**
**£**
-
-
80,941
-|**Total Funds**
**2020**
**Total Funds**
**2019**
**£**
**£**
445,000
410,000
1
1
205,109
154,580
(8,218)
(11,485)
641,892
553,096|
||560,951|80,941||
Page 16