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||||Page|
|---|---|---|---|
|Trustees'|annual
report|||
|Independent
examiner's
report to the trustees||||
|Statement|offinancial|activities||
|Statement|offinancial|position||
|Notes to the financial statements||||
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|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||||||
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|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|
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|Company|secretary|Mrs Julia Sharpe|
|---|---|---|
|Accountants|||
|||robinson+co|
|||Chartered
Accountants|
|||Oxford Chambers|
|||New Oxford Street|
|||Workington|
|||CA14 2LR|
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||||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|
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||||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|
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||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|
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|||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|
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|Unrestricted|Total|Funds|Unrestricted|Total|Funds|
|---|---|---|---|---|---|
|Funds||2020
f|Funds
E||2019
E|
|63||63|126||126|
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|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|
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|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|
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|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|
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|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|
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|||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|
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|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|
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|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|
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