| Risk | level | Mitigation | |
|---|---|---|---|
| Declining | Medium | The PCC and the churches continuously | monitor the financial |
| congregations | viability ofeach church. Each church has | a responsibility to |
|
| and supporters— | maintain its own building and to contribute tothe costs ofthe |
||
| Reduced income | clergy through the Parish Offer. Ifthere | were concerns about | |
| financial viability these would be raised |
with the Archdeacon | ||
| and discussed with the local community |
to find a way forward. | ||
| Declining | Medium | Each church is responsible for finding volunteers to fill these |
|
| congregations | roles. The specific minimum roles to be filled are those |
||
| and supporters— | responsible tothe PCC for looking after | health and safety, | |
| Lack of | buildings and grounds, assets and building security (normally |
||
| volunteers | the Churchwarden). The other necessary |
role isthe Treasurer. | |
| Failure ofa community to find individuals |
to fulfil these roles | ||
| would be referred tothe Archdeacon. |
| Repairs needed | Repairs needed | Medium | Every 5years each church has an independent Quinquennial |
|---|---|---|---|
| to church | Report which assesses the church buildings and details work |
||
| buildings | that will need to be done. Each church District Church Council | ||
| (DCC), along with the local community is responsible for |
|||
| contributing tothe costs ofproviding clergy (the Parish Offer) |
|||
| and looking after their church building. Ifthe building cannot |
|||
| be maintained to a safe standard then it will be closed either |
|||
| temporarily or permanently. |
|||
| Risk tothe viability of |
High | The PCC and DCC are working through the various options for the future ofthe church. The continued viability will be largely |
|
| Middleton | dependent on practical support from the local community in |
||
| church due | to | raising funds and applying for grants, with consideration being |
|
| structural | given to expanding the role ofthe building for community use. |
||
| movement | of | The PCC has currently closed the church. |
|
| the chancel | |||
| arch. |
| Unrestricted | Restricted | Endowment | TOTAL | FUNDS | ||||
|---|---|---|---|---|---|---|---|---|
| Funds f |
Funds f |
Funds f |
2020 f |
2019 f |
||||
| INCOME | Note | |||||||
| Tax efficient planned giving Other Planned Giving Collections at services All other giving and voluntary income Gift aid tax recoverable Legacies received Grants received Statutory Fees (weddings, funerals, etc.) Magazines, bookstall and sundry sales Fundraising events Dividends and Interest Other income |
55,692 1,500 5,331 17,425 15,958 132,066 2,920 5,868 10,230 819 39,694 53 |
4,130 363 3,254 1,058 5,000 25,007 |
59,822 1,500 5,694 20,679 17,016 137,066 27,927 5,868 10,230 819 39,694 53 |
63,262 550 22,503 47,775 21,589 35,000 23,939 13,328 11,620 17,095 44,074 3 |
||||
| TOTAL | 287,556 | 38,812 | 326,368 | 300,738 | ||||
| EXPENDITURE | ||||||||
| Fundraising Costs |
307 | 307 | 2,005 | |||||
| Donations to charities Diocesan Pai.ish Share contribution |
5,411 96,388 |
363 | 5,774 96,388 |
10,803 92,713 |
||||
| Salaries / honoraria | 12,362 | 32,813 | 45,175 | 45,494 | ||||
| Expenses (ofclergy, pastoral staff, etc.) | 4,464 | 2,385 | 6,849 | 10,435 | ||||
| Mission and Evangelism | 149 | 149 | 704 | |||||
| Church running expenses |
31,985 | 18,287 | 50,272 | 57,076 | ||||
| Church utility costs |
13,699 | 13,699 | 13,968 | |||||
| Magazine Printing Expenses |
10,661 | 10,661 | 9,850 | |||||
| Major Repairs to churches | 3,417 | 3,417 | 17,519 | |||||
| New building work | 1,900 | 1,900 | ||||||
| TOTAL | 177,326 | 57,265 | 234,591 | 260,567 | ||||
| NET GAINS/(LOSSES) ON INVESTMENTS | 50,151 | ( 5,&64) | 44,287 | 82,607 | ||||
| NET INCOME/(EXPENDITURE) | 160,381 | ( 18,453) | (5~) | 136~ | 122,778 | |||
| TRANSFERS BETWEEN FUNDS | ( 15,000) | 15,000 | ||||||
| NET MOVEMENT IN FUNDS | 145,381 | (3,453) | (S~) | 136,064 | 122,778 | |||
| RECONCIUATION OF FUNDS: |
||||||||
| Total funds brought forward | 969,549 | 117,544 | 344,545 | 1,431,638 | 1,308,860 | |||
| Total funds carried forward | 5&6 | 1,114,930 | 114,091 | 33$,681 | 1,567,702 | 1+31,638 |
| FORTHE YEAR ENDED 31DECEMBER2020 |
|||||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| E | E | ||||
| Recondliation ofnet income/(expenditure) |
to | net cash flow from operating activities: | |||
| Net Income forthe year | 136,064 | 122,778 | |||
| Deduct interest income shown in |
investing | activities | ( 39,694) | ( 44,074) | |
| Deduct gains/add back losses on |
investments | ( 44,28/) | ( 82,607) | ||
| (Increase)/ decrease in debtors | 3,940 | 13,205 | |||
| Increase/ (decrease) in creditors | 4,935 | 195 | |||
| Net cash flow from operating activities |
60,958 | 9,497 | |||
| Cash Flows from Investing Activities: | |||||
| Payments to acquire investments | ( 10,000) | ||||
| Receipts from sales ofinvestments | 15,000 | ||||
| Interest received | 39,694 | 44,074 | |||
| Cash provided by (used in) Investing |
Activities | 29,694 | 59,074 | ||
| Cash Flows from Finandng Activities: | |||||
| Repayment ofborrowing |
|||||
| Cash used In Financing Activities | |||||
| Increase (decrease) in cash in the Cash atthe beginning ofthe year |
year | 90,652 357,472 |
68,571 288,901 |
||
| Total Cash atthe end ofthe year | 448,124 | 357,472 | |||
| Relating to: | |||||
| Cash at bank and in hand | 448,124 | 357,472 | |||
| Bank overdrafts included in creditors payable within one year |
| INVESTMENTS | |||||
|---|---|---|---|---|---|
| 2020 | 2019 | ||||
| E | E | ||||
| CBFInvestment | Fund | 1,061,860 | 1,019,336 | ||
| COIF Investment | Fund | 34,581 | 22,818 | ||
| Value asat31December | 1,096,441 | 1,042,154 | |||
| Movements in the year: |
|||||
| Market value 1January | 1,042,154 | 974,547 | |||
| Purchases less (Disposals) Income reinvested |
10,000 | ( 15,000) | |||
| Net (loss)/gain | during year | 44,287 | 82,607 | ||
| Market value 31December | 1,096,441 | 1,042,154 | |||
| ANALYSIS OF NET ASSETSBYFUND | |||||
| Unrestricted | Restricted | Endowment | |||
| Fund | Fund | Fund | Total | ||
| E | E | E | E | ||
| Investments | 757,760 | 338,681 | 1,096,441 | ||
| Current Assets | 370,491 | 114,091 | 484,582 | ||
| Current Liabilities |
(13,321) | ( 13,321) | |||
| Fund Balance | 1,114,930 | 114,091 | 338,681 | 1,567,702 | |
| Unrestricted | Restricted | Endowment | 2019 | ||
| Fund | Fund | Fund | Total | ||
| E | E | E | E | ||
| Investments | 697,609 | 344,545 | 1,042,154 | ||
| Current Assets | 2&0,326 | 117,544 | 397,870 | ||
| Current Uabilities | (8,386) | ( 8,386) | |||
| Fund Balance | 969,549 | 117,544 | 344,545 | 1,431,638 |
| Balance | Income | Expenditure | Transfers | Gains | Balance | |||
|---|---|---|---|---|---|---|---|---|
| 1.1.20 | and | 31.12.20 | ||||||
| Losses | ||||||||
| f | ||||||||
| Total Unrestrkted funds |
969,549 | 287,556 | (177,326) | (15,000) | 50,151 | 1,114,930 | ||
| Restricted funds | ||||||||
| (a) | Church buildings | and churchyards | 50,154 | 12,494 | (18,836) | 43,812 | ||
| (b) | Music in Kirkby Lonsdale church | 4,670 | (1,722) | 2,948 | ||||
| (c) | Donations received for charities | 363 | (363) | |||||
| (d) | Family Project | 46,782 | 24,178 | (33,583) | 15,000 | 52,377 | ||
| (e) | Friends ofSt Mary' s | 14,013 | 1,684 | (1,499) | 14,198 | |||
| Small funds E2,000or less | 1,925 | 93 | (1,262) | 756 | ||||
| Total Restricted funds | 117,544 | 38,812 | (57+65) | 15,000 | 114,091 | |||
| Permanent Endowment |
Fund | |||||||
| (f} | Hutton Roof church | 344,545 | (5,864) | 338,681 | ||||
| Total Funds | 1,431,638 | 326,368 | (234,591) | 44,287 | 1,567,702 | |||
| Notes on restricted funds |