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|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.||
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|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.||||
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|||||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|
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|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||||||
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|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|
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||||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|||||||||
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