| Page | |||
|---|---|---|---|
| Trustees' | annual report |
||
| Independent examiner's report to the trustees |
|||
| Statement | offinancial | activities | |
| Statement | offinancial | position | |
| Notes to the financial statements |
| Reference a | nd administrative | nd administrative | details | details | details | |||
|---|---|---|---|---|---|---|---|---|
| Registered | charity name | Workington St Michael Parochial |
Church | Council | ||||
| Charity registration | number | 1131867 | ||||||
| Principal office | Workington Parochial Church |
Council | ||||||
| Parish Office | ||||||||
| St Michael's Church |
||||||||
| Falcon Place | ||||||||
| Workington | ||||||||
| CA14 2EZ | ||||||||
| The trustees | ||||||||
| Chair | The Very Revd Dr Frances Ward | |||||||
| Curate | The Revd Dr Peter | Powell | ||||||
| Reader emeritus | Mr Richard Jones | |||||||
| Wardens | Mr Eric Martin | |||||||
| Mr Stuart Edger | ||||||||
| Secretary | Mrs Margaret Smith |
(resigned | March 2020) | |||||
| Mrs Julia Sharpe | (appointed | March 2020) | ||||||
| Treasurer | Mrs Lorna Wilson | |||||||
| Lay Chairperson | Mr Eric Martin | |||||||
| Deanery Synod | ||||||||
| Representatives | Mrs Brian Wilkinson | (from 2020) | ||||||
| Mrs Julia Sharpe | (from | 2020) | ||||||
| Mr Margaret Nichol |
(from 2020) | |||||||
| Safeguarding | Officer | Mrs Joanne Braniff |
| Toserve | until | APCM | 2021 | Mrs Margaret Smith |
|---|---|---|---|---|
| Mrs Lorna Wilson | ||||
| Toserve | until | APCII | 2022 | Mr Richard Ashcroff |
| Mrs Joanne Braniff | ||||
| Mrs Margaret Nichol |
||||
| Mrs Clare Stilwell | ||||
| Toserve | until | APCM | 2023 | Mr Eric Martin |
| Mr Stuart Edger | ||||
| Mrs Stephanie Hughes |
||||
| Mrs Julia Sharpe | ||||
| Mr Mark Stilwell | ||||
| Mr Keith Beattie | ||||
| Mrs Helen Tinnion | ||||
| Mr Brian Wilkinson |
| Company | secretary | Mrs Julia Sharpe |
|---|---|---|
| Accountants | ||
| robinson+co | ||
| Chartered Accountants |
||
| Oxford Chambers | ||
| New Oxford Street | ||
| Workington | ||
| CA14 2LR |
| Statement of Year ended |
Financial Activities 31 December 2020 |
Financial Activities 31 December 2020 |
|||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| Unrestricted | Restricted | Endowment | |||||
| funds | funds | funds | Total funds | Total funds | |||
| Note | E | K | F | ||||
| Income and endowments | |||||||
| Donations and legacies Charitable activities |
4 5 |
32,566 9,174 |
7,837 | 40,403 9,174 |
57,684 11,540 |
||
| Other trading activities Investment income |
6 7 |
5,270 3,214 |
387 | 5,270 3,601 |
15,276 4,996 |
||
| Total income | 50,224 | 8,224 | 58,448 | 89,496 | |||
| Expenditure | |||||||
| Expenditure on raising funds: |
|||||||
| Costs ofother | |||||||
| trading activities |
8 | 63 | 63 | 126 | |||
| Expenditure on charitable activities Other expenditure |
9,10 11 |
81,474 | 15,754 | 97,228 | 85,441 12,785 |
||
| Total expenditure | 81,537 | 15,754 | 97,291 | 98,352 | |||
| Net gains on investments |
12 | 3,206 | 3,206 | 10,633 | |||
| Net (expenditure)/income | (31,313) | (7,530) | 3,206 | (35,637) | 1,777 | ||
| Transfers between |
funds | 6,817 | (6,817) | ||||
| Net movement in |
funds | (24,496) | (14,347) | 3,206 | (35,637) | 1,777 | |
| Reconciliation of |
funds | ||||||
| Total funds brought | forward | 331,450 | 85,171 | 142,048 | 558,669 | 556,892 | |
| Total funds carried forward | 306,954 | 70,824 | 145,254 | 523,032 | 558,669 |
| 31 December 2 | 020 | |||||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| Note | ||||||
| Fixed assets | ||||||
| Tangible fixed assets | 16 | 41,866 | 44,801 | |||
| Fixed asset investments | 17 | 65,349 | 62,143 | |||
| 107,215 | 106,944 | |||||
| Current assets | ||||||
| Debtors | 18 | 9,421 | 22,899 | |||
| Short term deposits | 19 | 410,869 | 427,275 | |||
| Cash at bank and in |
hand | 19,225 | 14,670 | |||
| 439,515 | 464,844 | |||||
| Creditors: amounts | falling | due within one year | 20 | (23,698) | (13,119) | |
| Net current assets | 415,817 | 451,725 | ||||
| Total assets less current | liabilities | 523,032 | 558,669 | |||
| Net assets | 523,032 | 558,669 | ||||
| Funds ofthe charity | ||||||
| Endowment funds: |
||||||
| Permanent endowment |
funds | 137,868 | 134,662 | |||
| Expendable endowment |
funds | 7,386 | 7,386 | |||
| Restricted funds |
70,824 | 85,171 | ||||
| Unrestricted funds |
306,954 | 331,450 | ||||
| Total charity funds | 21 | 523,032 | 558,669 |
| 4. Donatio | ns and l |
egacies | |||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||||
| Funds f |
Funds f |
2020 f |
|||||
| Donations | |||||||
| Collections at all services | 2,890 | 2,890 | |||||
| Planned giving |
21,155 | 21,155 | |||||
| Gift aid donations | 1,220 | 1,220 | |||||
| Taxes recoverable | (3,131) | (3,131) | |||||
| Sundry donations | 7,070 | 7,837 | 14,907 | ||||
| Legacies | |||||||
| Legacies | 3,362 | 3,362 | |||||
| Grants | |||||||
| Grants receivable | |||||||
| 32,566 | ?,837 | 40,403 | |||||
| Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2019 | |||||
| f | f | ||||||
| Donations | |||||||
| Collections | at all services | 6,649 | 6,649 | ||||
| Planned giving |
21,774 | 21,774 | |||||
| Gift aid donations Taxes recoverable |
4,215 4,000 |
4,215 4,000 |
|||||
| Sundry donations | 6,997 | 1,611 | 8,608 | ||||
| Legacies | |||||||
| Legacies | 954 | 954 | |||||
| Grants | |||||||
| Grants receivable | 11,484 | 11,484 | |||||
| 44,589 | 13,095 | 57,684 | |||||
| 5. | Charitable | activities | |||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
| Funds | 2020 f |
Funds | 2019 | ||||
| Fees | 8,953 | " 8,953 | 11,083 | 11,083 | |||
| Magazine | donations | and advertising | 221 | 221 | 457 | 457 | |
| 9,174 | 9,174 | 11,540 | 11,540 |
| Unrestncted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds E |
Funds E |
2020 f |
||
| Shop income Church hall lettings Fetes, bazaars and other fund raising |
241 2,672 2,357 |
241 2,672 2,357 |
||
| Sundry | income | |||
| 5,270 | 5,270 |
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2019 | ||
| E | E | |||
| Shop income Church hall lettings Fetes, bazaars and other fund raising |
1,510 6,679 6,489 |
142 | 1,510 6,679 6,631 |
|
| Sundry | income | 456 | 456 | |
| 15,134 | 142 | 15,276 |
| Unrestricted | Restricted | Total Funds | ||
|---|---|---|---|---|
| Funds | Funds | 2020 | ||
| E | ||||
| Dividend | income | 1,831 | 1,831 | |
| Bank interest receivab!e | 1,383 | 387 | 1,7?0 | |
| 3,214 | 387 | 3,601 | ||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2019 | ||
| E | E | E | ||
| Dividend | income | 1,777 | 1,777 | |
| Bank interest receivable | 2,533 | 686 | 3,219 | |
| 4,310 | 686 | 4,996 |
| Unrestricted | Total | Funds | Unrestricted | Total | Funds |
|---|---|---|---|---|---|
| Funds | 2020 f |
Funds E |
2019 E |
||
| 63 | 63 | 126 | 126 |
| Expenditure on charita |
ble | activities by fund |
type | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2020 | ||||
| Organist's expenses |
653 | 653 | ||||
| Ministry —parish offer | 36,000 | 36,000 | ||||
| Ministry —clergy expenses | 410 | 410 | ||||
| Church running expenses |
9,026 | 9,026 | ||||
| Church repairs and maintenance |
4,501 | 13,913 | 18,414 | |||
| Church hall running costs |
5,198 | 5,198 | ||||
| Diocese fees | 3,535 | 3,535 | ||||
| Contribution to St Michaels Church Workington |
Ltd | 10,000 | 10,000 | |||
| Sundry expenses | 4,695 | 1,021 | 5,716 | |||
| Depreciation oftangible |
fixed assets | 2,115 | 820 | 2,935 | ||
| Missionary and charitable |
giving | |||||
| Accountancy charges |
2,015 | 2,015 | ||||
| Telephone and internet |
charges | 1,384 | 1,384 | |||
| Printing and stationery |
1,942 | 1,942 | ||||
| 81,474 | 15,754 | 97,228 | ||||
| Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2019 | ||||
| Organist's expenses |
1,508 | 1,508 | ||||
| Ministry —parish offer | 33,610 | 33,610 | ||||
| Ministry —clergy expenses | 2,477 | 2,477 | ||||
| Church running expenses |
8,413 | 8,413 | ||||
| Church repairs and maintenance |
2,067 | 2,454 | 4,521 | |||
| Church hall running costs |
6,982 | 6,982 | ||||
| Diocese fees | 5,129 | 5,129 | ||||
| Contribution to St Michaels |
Church Workington | Ltd | 3,196 | 3,196 | ||
| Sundry expenses | 7,099 | 7,099 | ||||
| Depreciation oftangible |
fixed assets | 2,115 | 820 | 2,935 | ||
| Missionary and charitable |
giving | 283 | 3,040 | 3,323 | ||
| Accountancy charges |
1,965 | 1,965 | ||||
| Telephone and internet |
charges | 1,615 | 1,615 | |||
| Printing and stationery |
2,668 | 2,668 | ||||
| 79,127 | 6,314 | 85,441 |
| Expend | iture on charitable activitie |
s by activity type |
|||
|---|---|---|---|---|---|
| Activities | |||||
| undertaken | Total | funds | Total fund | ||
| directly f |
2020 f. |
2019 | |||
| Church | activities | 97,228 | 97,228 | 85,441 |
| 11. | Other expend | iture | |||||||
|---|---|---|---|---|---|---|---|---|---|
| Restricted | Total | Funds | Restricted | Total Funds | |||||
| Funds | 2020 | Funds | 2019 | ||||||
| E | |||||||||
| Archaeology | 12785 | 12785 | |||||||
| 12. | Net gains on | investments | |||||||
| Endowment | Total | Funds | Endowment | Total Funds | |||||
| Funds | 2020 | Funds | 2019 | ||||||
| E | |||||||||
| Gains/(losses) | on listed | investments | 3,206 | 3,206 | 10,633 | 10,633 | |||
| 13. | Net (expenditure)/income | ||||||||
| Net (expenditure)/income | is stated after | charging/(crediting): | 2020 | 2019 | |||||
| E | P | ||||||||
| Depreciation | oftangible | fixed assets | 2,935 | 2,935 | |||||
| 14. | Independent | examination | fees | ||||||
| 2020 | 2019 | ||||||||
| E | |||||||||
| Fees payable Independent |
to the independent examiner for: examination ofthe financial statements |
2,015 | 1,965 |
| 16. | Tangible fixed assets | |||
|---|---|---|---|---|
| Freehold | Fixtures and | |||
| property | fittings | Total | ||
| f. | ||||
| Cost | ||||
| At 1 January 2020 and 31 December 2020 |
75,000 | 21,376 | 96,376 | |
| Depreciation | ||||
| At 1 January 2020 | 34,500 | 17,075 | 51,575 | |
| Charge for the year | 1,500 | 1,435 | 2,935 | |
| At 31 December 2020 | 36,000 | 18,510 | 54,510 | |
| Carrying amount |
||||
| At 31 December 2020 | 39,000 | 2,866 | 41,866 | |
| At 31 December 2019 | 40,500 | 4,301 | 44,801 | |
| 17. | Fixed asset investments | |||
| Listed | ||||
| investments | ||||
| F | ||||
| Valuation | ||||
| At 1 January 2020 | 62,143 | |||
| Additions | ||||
| Fair value movements | 3,206 | |||
| At 31December 2020 | 65,349 | |||
| Carrying amount |
||||
| At 31 December 2020 | 65,349 | |||
| At 31 December 2019 | 62,143 |
| 18. | Debtors | |||||
|---|---|---|---|---|---|---|
| 2020 | 2019 | |||||
| Prepayments and accrued income Other debtors |
568 8,853 |
433 22,466 |
||||
| 9,421 | 22,899 | |||||
| 19. | Short term | deposits | ||||
| 2020 | 2019 | |||||
| E | F | |||||
| Short-term Short-term |
deposits deposits |
brought additions |
forward | 427,275 3,594 |
458,202 8,910 |
|
| Short-term | deposits | disposals | (20,000) | (39,837) | ||
| 410,869 | 427,275 |
| 2020 | 2019 | ||
|---|---|---|---|
| f | F | ||
| Trade creditors | 21,210 | 8,976 | |
| Accruals and deferred | income | 2,488 | 4,143 |
| 23,698 | 13,119 |
| At | Gains and | At 31 | |||||
|---|---|---|---|---|---|---|---|
| 1 Jan 2020 | Income 'F |
Expenditure | Transfers F. |
losses F |
Dec 2020 | ||
| General funds A Hogarth fund G EJones fund |
302,412 1,000 28,038 |
50,105 119 |
(81,537) | 6,817 | 2?7,797 1,000 28,157 |
||
| 331,450 | 50,224 | (81,537) | 6,817 | 306,954 | |||
| At | Gains and | At 31 | |||||
| 1 Jan 2019 | Income | Expenditure | Transfers | losses | Dec2019 | ||
| E | F | F | F | F | |||
| General funds | 306,301 | 75,364 | (79,253) | 302,412 | |||
| A Hogarth G EJones |
fund fund |
1,000 27,829 |
209 | 1,000 28,038 |
|||
| 335,130 | 75,573 | (79,253) | 331,450 |
| Restricted | funds | |||||||
|---|---|---|---|---|---|---|---|---|
| At | Gains and | At 31 | ||||||
| 1 | Jan 2020 | Income | Expenditure | Transfers | losses | Dec 2020 | ||
| F. | F | E | F | |||||
| Miscellaneous | ||||||||
| Restricted Restoration |
Funds fund |
35,498 38,174 |
7,974 201 |
(1,840) (10,705) |
(6,817) | 34,815 27,670 |
||
| Fabric fund | 11,499 | 49 | (3,209) | 8,339 | ||||
| 85,171 | 8,224 | (15,754) | (6,817) | 70,824 | ||||
| At | Gains and | At 31 | ||||||
| 1 Jan 2019 | Income | Expenditure | Transfers | losses | Dec 2019 | |||
| F | F | E | ||||||
| Miscellaneous | ||||||||
| Restricted | Funds | 39,174 | 13,480 | (17,156) | 35,498 | |||
| Restoration | fund | 39,760 | 357 | (1,943) | 38,174 | |||
| Fabric fund | 11,413 | 86 | 11,499 | |||||
| 90,347 | 13,923 | (19,099) | 85,171 |
| Endowment fund |
s | |||||
|---|---|---|---|---|---|---|
| At | Gains and | At 31 | ||||
| 1 Jan 2020 | Income | Expenditure | Transfers | losses | Dec 2020 | |
| P | E | F | F | |||
| Elsie Shaw | ||||||
| Bequest | 77,524 | 3,206 | 80,730 | |||
| MA & N Hogarth | 57,138 | 57,138 | ||||
| Miss VSBowes | 447 | 447 | ||||
| Revd. TW | ||||||
| Jackson | 6,939 | 6,939 | ||||
| 142,048 | 3,206 | 145,254 | ||||
| At | Gains and | At 31 | ||||
| 1 Jan 2019 | income | Expenditure | Transfers | losses | Dec2019 | |
| E | E | F | F | F | E | |
| Elsie Shaw | ||||||
| Bequest | 66,891 | 10,633 | 77,524 | |||
| MA & NHogarth | 57,138 | 57,138 | ||||
| Miss VSBowes | 44? | 447 | ||||
| Revd. TW | ||||||
| Jackson | 6,939 | 6,939 | ||||
| 131,415 | 10,633 | 142,048 |
| Analysis | ofnet as | sets between | funds | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restncted | Endowment | Total Funds | |||
| Funds | Funds | Funds | 2020 | |||
| E | ||||||
| Tangible fixed assets Investments |
40,226 | 1,640 | 65,349 | 41,866 65,349 |
||
| Current | assets | 290,426 | 69,184 | ?9,905 | 439,515 | |
| Creditors | less than | 1 year | (23,698) | (23,698) | ||
| Net assets | 306,954 | 70,824 | 145,254 | 523,032 | ||
| Unrestricted | Restricted | Endowment | Total Funds | |||
| Funds | Funds | Funds | 2019 | |||
| F | F | |||||
| Tangible fixed assets Investments |
42,341 | 2,460 | 62,143 | 44,801 62,143 |
||
| Current | assets | 302,228 | 82,711 | 79,905 | 464,844 | |
| Creditors | less than | 1 year | (13,119) | (13,119) | ||
| Net assets | 331,450 | 85,171 | 142,048 | 558,669 |