Parochial Church Council of Christ Church, Fulwood
Members Report and Financial Statements
For the Year Ended 31 De¢ember 2020
## **Parochial Church Council of Christ Church, Fulwood**
## **Contents of the Financial Statements For the Year Ended 31 December 2020**
|Reference and Administration Details
Report of the members
Independent Examiner's Report
Statement of Financial Activities
Balance Sheet
Notes|**Page**|
|---|---|
||1
2 - 5
6
7
8
9 - 13|
## **Parochial Church Council of Christ Church, Fulwood**
## **Reference and Administrative Details For the Year Ended 31 December 2020**
**Full Name:** Parochial Church Council of Christ Church, Fulwood **Address:** Christ Church Victoria Road Fulwood Preston PR2 8NE **Members:** Rev.Chris Boland Incumbent & Chairman Rev. Elizabeth McLeod Assistant Curate Steve Hedley Deanery Synod Rep Elizabeth Bailey Deanery Synod Rep and Safeguarding Officer Mandy Stanton Reader and Vision Champion from November 2020 Julia Laing Recorder John Bailey Treasurer Margaret Brown Secretary and Assistant Treasurer Graham Hickey Youth Leadership Ken Curphey Deanery Synod rep Chris Hedley Churchwarden and Vice Chairman Linda Koziarska Junior Church Keith Cameron Health & Safety, Hall Management Ann Porter Junior Church, Children & Young People's Champion Sue Walsh Risk Management Sue Wright George Appasamy Viki Cuthbertson
All served as members for whole or part to 31st December 2020 as described above.
|**Secretary:**|Margaret Brown|
|---|---|
|**Independent Examiner:**|Mr JFD McMillan FCA|
||McMillan & Co LLP|
||28 Eaton Avenue|
||Matrix Office Park|
||Buckshaw Village|
||Chorley, PR7 7NA|
|**Bankers:**|The Royal Bank of Scotland|
||Drummond House Branch|
||Redhaughs Avenue|
||Edinburgh|
||EH12 9JN|
|**Charity Registration:**|1131890|
||Page 1|
## **Parochial Church Council of Christ Church, Fulwood**
## **Report of the Members For the Year Ended 31 December 2020**
The Members present their annual report and financial statements for the year ended 31 December 2020. The financial statements have been prepared in accordance with the accounting policies set out in note 1 to the financial statements and comply with the PCC trust deed, the Charities Act 2011, and SORP (FRS 102): The Statement of Recommended Practice - Accounting and Reporting by Charities applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) which was published on 16 July 2014.
## **Structure, Governance and Management**
## **Appointment of members**
The PCC members are listed on page 1. New PCC members are appointed by the PCC for the time being, who shall pass a resolution nominating the appropriate person to be a new PCC member and the term during which he shall hold such office. The appointment is completed by the nominated person accepting the PCC membership either verbally at the PCC meeting or in writing, all to be recorded in the minute book of the PCC. The number of elected PCC members may not be more than sixteen and normally serve a three year term. PCC members may resign at any time either in writing or verbally at a PCC meeting.
PCC members receiving remuneration or reimbursement of expenses are as disclosed in note 4.
## **Organisation**
The PCC consists of a Standing Committee, together with a series of sub-committees including Mission and Worship, Finance, Church Building including Gardens, Stewardship, and Hall Operation. The PCC meets six times a year.
Between these meetings business is transacted by the Finance and Standing Committees.
At the last Annual Parochial Church Meeting (APCM) held on 5th October 2020, the electoral roll stood at 195 members (2019: 188 Members).
## **Risk policy**
The PCC members have examined the major strategic, business and operational risks which it faces and confirm that systems have been established to enable regular reports to be produced so that the necessary steps can be taken to lessen these risks.
## **Objectives and activities**
The main purpose of the PCC, as defined in the Parochial Church Councils (Powers) Measure 1956, is ''to cooperate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecunemical''.
There have been no material changes in these policies during the year.
The PCC has been satisfied during the year to maintain its position.
## **Public Benefit**
The PCC is a public benefit entity and, as such, PCC members have had regard to the guidance issued by the Chairty Commission on public benefit.
## **Achievements and performance**
2020 was a year with significant challenges and ups and downs and learning new ways of being church. The greatest challenge came with the arrival on our shores of the Covid-19 Coronavirus. In March we entered the first lockdown and things haven’t been the same since. As a result this report is thinner than usual and reflects on our responses to this during the past year.
I initially planned a short Annual Report that was a reflection on the past year. However, having read through the previous year’s report I thought the best thing was to keep the format and note what has stopped, what has changed, and what we hope for the future in each area. As a result there may be some overlap in what is said but I hope it gives a clear picture on how the year has been and our hopes for renewing what we do.
We worship a God who is both unchanging in his essential nature and love for us, but also constantly able to do a new thing amongst us. Therefore, as we move forward it is with a sense of confidence in God’s presence and also trust in his guiding hand as we embrace what is new.
Page 2
## **Parochial Church Council of Christ Church, Fulwood**
## **Report of the Members (Continued) For the Year Ended 31 December 2020**
## **Covid Safe Worship**
When we re-opened in June/July 2020 we had to put in a number of changes to the way in which we conducted worship in the church. Our thanks to Elizabeth who spent many hours getting up to date with best practice, helping us apply it to Christ Church and staying up to date on the changes. Some of the bigger changes were:
- Wearing masks when in the building.
- Observing social distancing in both private prayer and public worship. We have generally used every third pew and say people at the ends to keep the distance. We have also had chairs spaced out at the back. People from the same household were allowed to sit together.
- Shorter services.
- Junior Church and Pathfinders do not start in the service and go out but have complexly separate meetings in the hall at the same time (when allowed).
- No congregational singing – our thanks to all those who have sung for us to aid our worship, whether as solos when this was advised or as part of a group once more singers were allowed.
- Initially we used a service of the word and re-introduced services of communion in September.
- Communion is currently only given in one kind – though visually less it is not receiving any less from God as he is fully present as we receive whether in one kind or two.
- Reduction in the number of services with cleaning needed between them – again a big thank you to all who have enabled what we do by cleaning, and when with funerals or special occasions we have had services more than 3 days apart having to do a Covid clean.
- No social gathering before or after services and refreshments not being served.
- Limited numbers. Through the need to social distance we have had to have an eye on how many we can
- **·** safely accommodate in our services. Though many churches have used a booking system for services to control numbers we felt confident in the size of the building and numbers to accommodate people as they arrived. The only service in 2020 which we ran a booking system for was the Crib service on Christmas Eve.
- The continuation of online worship even when onsite worship was in place.
Though the restrictions have been keenly felt there has also been a joy in our meetings and a real sense of God’s presence in this time. We reconned to have a regular congregation of about 45 adults and children when onsite worship was allowed. We had 60 at our harvest service, and 81 at Christmas. At Easter and Remembrance the church was closed to onsite worship in 2020.
## **Financial review**
The financial position of Christ Church at the end of a challenging year can be described as precarious but not desperate.
We know that the pandemic has had, and continues to have, a massive impact on members of our church in many ways including on finances and families and individuals have needed to review their giving.
We are very grateful that the majority of donors who give to church via standing order have continued to give in full whether church has been open for in person worship or not.
Many who give through the envelope scheme have generously continued to give and delivered their envelopes ‘in bulk’ whenever they were able to come into church.
Additional funds for Christ Church were raised through the Bishop of Blackburn’s Call to Pray and Give initiative for which we are very thankful. We have also received two legacies and donations for specific projects.
We have lost income from not being able to hire out the hall or to hold fund raising activities.
So, our total income for the year is less than previous years (10% down from 2019) and, unfortunately, our outgoings are not much less than usual. This is due to fixed utility contracts and the need to maintain a minimum level of heating in church when it was closed to avoid deterioration in the fabric of the building. We do, however, have fewer expenses incurred in maintaining church activities as they have been reduced so much.
Page 3
## **Parochial Church Council of Christ Church, Fulwood**
## **Report of the Members (Continued) For the Year Ended 31 December 2020**
We do have to pay our bills and, so far, we have managed to do this. Our biggest expense is the Parish Share. Parish Share is a voluntary contribution by churches towards the cost of ministry and mission in the Diocese. The majority of this is the cost of clergy and training of new clergy. Each parish makes a contribution based on its church membership. We contribute to Parish Share:
- In thanks for God’s generosity towards us
- To resource ministry and mission across the Diocese and show our commitment to the proclamation of the
- **·** Gospel
- To share our resources with our fellow Christians
- Because we recognise the importance of our Church’s mission for the future
The current method of allocating Parish Share across the parishes of the Diocese uses a system which has been in operation for many years. The formula takes average Sunday attendance, electoral roll and the size of the parish population into consideration. It also considers whether the parish is in an area of deprivation and how many church buildings there are in the parish. If churches cannot contribute their Parish Share in full, then the shortfall in funds has to be found from elsewhere e.g asking richer parishes to contribute more, selling investments and making cutbacks that could directly affect ministry.
For Christ Church, our Parish Share is £63,615.
The PCC recognised that we would not be able to raise this amount despite creative ways of increasing giving. Following consultation with the Diocese Financial Team, PCC was able to secure a grant of £10,000 towards our Parish Share reducing the total bill to £53,615.
We are pleased that we were able to pay our revised Parish Share in full thanks to your on going support and generosity.
Restricted funds are pots of money donated for specific, ie restricted, projects. We are not allowed to spend the money on anything else no matter how desperate we might be.
The new visual display system has been funded by donations specifically for this project.
In setting the budget for the year, funds are allocated from the unrestricted funds pot for problems we know about e.g fixing the roof and planned projects e.g alterations to the communion table. Unfortunately, there is virtually nothing left to pay for unexpected problems such as the discovery of dry rot in the north porch which needs to be dealt with as soon as possible before it gets worse.
We may need to divert fundraising from a less pressing problem to the most urgent which is currently the dry rot. We are also looking at ways in which to raise additional funds for this essential work.
In summary, we are very thankful to all of you for your continued support. We have met our financial commitments in full but end the year with a deficit of £5,905.
Next year will be a challenge but, with God’s Grace, we will find ways to continue to fund our ministry here at Christ Church.
## **Reserves policy**
The restricted fund comprises collections specifically made for charities supported by the PCC including The Leprosy Mission, the Foxton Centre, Christian Aid Funds and the Bishops Harvest Appeal. Also, funds donated specifically for appeals are treated as restricted.
Designated funds comprise the balance of funds allocated to the Christ Church 150 Fund. As agreed by the PCC, large donations and bequests, other than restricted funds, are categorised as designated funds. Although these are not restricted funds the PCC members feel that these funds should be displayed separately on the face of the accounts.
The PCC holds cash at bank and in hand of £30,716 (2019: £17,382).
The accounts for the year show a deficit of £5,905 (2019: surplus £10,363). Total funds now amount to £16,179 (2019: £22,084).
Page 4
## **Parochial Church Council of Christ Church, Fulwood**
## **Report of the Members (Continued) For the Year Ended 31 December 2020**
## **Plans for future periods**
The PCC members are of the opinion that sufficient funds are available to enable the Charity to meet its commitments for the foreseeable future and is now directing fundraising to enhancing the fabric of the Church and expanding the mission.
## **Accounting and reporting responsibilities**
Charity law requires the members to prepare financial statements for each financial year, which give a true and fair view of the state of affairs of the charity and its financial position at the end of that year. In preparing those financial statements the members are required to:
- select suitable accounting policies and apply them consistently;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards and statements of recommended practice have been followed, subject to any departures disclosed and explained in the financial statements; and
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue in existence.
The members are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
## **Auditors and Independent Examiner**
Advantage has been taken of the provisions in the Charities Act not to appoint an auditor. Mr JFD McMillan has been appointed to examine the accounts in accordance with the relevant legislation and related regulations.
Approved by the members on 21 September 2021.
……………………………….
Rev Chris Boland Chairman
Page 5
## **Independent Examiner's Report to the Members of the**
## **Parochial Church Council of Christ Church, Fulwood For the Year Ended 31 December 2020**
I report to the members on my examination of the accounts of the Parochial Church Council of Christ Church, Fulwood.
## **Responsibilities and basis of report**
As members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act') and the Church Accounting Regulations 2006.
I report in respect of my examination of the PCC's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent Examiner's Statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I confirm that there are no other matters to which your attention should be drawn to enable a proper understanding of the accounts to be reached.
……………………………….
JFD McMillan FCA McMillan & Co LLP Chartered Accountants 28 Eaton Avenue Matrix Office Park Buckshaw Village Chorley Lancashire PR7 7NA
21 September 2021
Page 6
## **Parochial Church Council of Christ Church, Fulwood**
## **Statement of Financial Activity For the Year Ended 31 December 2020**
|**Note**
**Incoming resources**
Incoming resources from donors
**2a**
Other Voluntary incoming resources
**2b**
Incoming resources from operating activities
- to further the council's objectives
**2c**
- to generate funds
**2d**
Income from Investments
**2e**
Other Incoming resources
**2f**
**Total incoming resources**
**Resources expended**
Costs of generating funds
**3a**
Grants
**3b**
Activities directly relating to the work
**3c**
of the church
Church management and Administration
**3d**
**Total resources expended**
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**|**Note**
**Incoming resources**
Incoming resources from donors
**2a**
Other Voluntary incoming resources
**2b**
Incoming resources from operating activities
- to further the council's objectives
**2c**
- to generate funds
**2d**
Income from Investments
**2e**
Other Incoming resources
**2f**
**Total incoming resources**
**Resources expended**
Costs of generating funds
**3a**
Grants
**3b**
Activities directly relating to the work
**3c**
of the church
Church management and Administration
**3d**
**Total resources expended**
**Net movement in funds**
**Total funds brought forward**
**Total funds carried forward**|**Unrestr-**
**icted**
**Funds**
**£**
64,544
6,094
7,545
835
31
100
**79,149**
263
655
84,174
835
**85,927**
**(6,778)**
11,052
**4,274**||**Desig-**
**nated**
**Funds**
**£**
-
252
-
490
-
-
**742**
-
-
1,189
-
**1,189**
**(447)**
4,709
**4,262**||**Restri-**
**cted**
**Funds**
**£**
3,049
7,275
-
500
-
-
**10,824**
-
1,704
7,800
-
**9,504**
**1,320**
6,323
**7,643**||**TOTAL**
**FUNDS**
**2020**
**£**
67,593
13,621
7,545
1,825
31
100
**90,715**
263
2,359
93,163
835
**96,620**
**(5,905)**
22,084
**16,179**||**2019**
**£**
76,222
2,077
16,935
6,224
38
1,027|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||
||||||||||||
|||||||||||**102,523**|
|||||||||||424
3,091
87,774
871|
|||||||||||**92,160**|
|||||||||||**10,363**
11,721|
|||||||||||**22,084**|
The notes on pages 9 to 13 form part of these accounts
Page 7
## **Parochial Church Council of Christ Church, Fulwood**
## **Balance Sheet at 31 December 2020**
|**Current Assets**
Debtors
Short Term Deposits
Cash at Bank and in Hand
**Creditors**
**Amounts falling due within one year**
**Net current assets**
**Net assets**
**Represented By:**
**Capital funds**
Unrestricted
Designated
Restricted
**Total funds**|**Notes**
**6**
**7**
**5**||
|---|---|---|
||||
The financial statements were approved by the PCC on 21 September 2021 and signed on their behalf by:
………………………………. Rev. Chris Boland Chairman
The notes on pages 9 to 13 form part of these accounts
Page 8
## **Parochial Church Council of Christ Church, Fulwood**
## **Notes to the Financial Statements**
## **For the Year Ended 31 December 2020**
## **1 Accounting Policies**
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities Statement of Recommended Practice (SORP) 2005. They have been prepared on an accruals basis.
The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor do they include groups that are informal gatherings of church members.
The presentational currency of the financial statements is the Pound Sterling (£).
The amounts in the financial statements have been rounded to the nearest £1.
## **1.1 Funds**
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application to the general purposes of the PCC.
Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restrictions are provided in note 8.
## **1.2 Incoming resources**
## **Voluntary income and capital sources**
Offerings and collections are recognized when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognized only when received. Tax recoverable on Gift Aid donations is recognised when the donation is recognised.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
Funds raised by the fete, garden party and similar events are accounted for gross. Sales of books and magazines from the church bookstall are accounted for gross.
## **Other income**
Rental income from the letting of church premises is recognized when the rental is received.
## **1.3 Resources used**
## **Grants**
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC.
## **Activities directly relating to the work of the Church**
The Diocesan Parish Share is accounted for when due. Any parish share unpaid at 31 December is provided for in these financial statements as an operational (though not a legal) liability and is shown as a creditor in the balance sheet.
Other expenditure is recognised when it is incurred and includes where applicable irrecoverable VAT.
Page 9
## **Parochial Church Council of Christ Church, Fulwood**
## **Notes to the Financial Statements (continued) For the Year Ended 31 December 2020**
## **1.4 Fixed assets**
## **Consecrated property and movable church furnishings**
Consecrated and beneficed property of any kind is excluded from the financial statements by s.96(2)(a) of the Charities Act 1993.
Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are accounted for as inalienable property unless consecrated. They are listed in the Church's inventory, which can be inspected (at any reasonable time).
All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £1,000 or on the repair of movable church furnishings is written off.
## **Other Property, fixtures, fittings and office equipment**
Individual items of equipment with a purchase price of £2,000 or less are writen off when the asset is acquired.
## **Current assets**
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.
Page 10
## **Parochial Church Council of Christ Church, Fulwood**
## **Notes to the Financial Statements (continued) For the Year Ended 31 December 2020**
## **2 Incoming Resources**
|**2a**
**Incoming Resources from Donors**
Planned Giving
Gift Aid Donations
Income tax Recoverable
Other Planned Giving
Collections (open plate)
Gift Days
Sundry Donations
**2b**
**Other Voluntary Income Resources**
Donations, Appeals etc
Grants
Legacies
**2c**
**Income from Operating Activities**
**to further the Council's Objectives**
Bookstall
Church Hall lettings etc
Use of Church facilities
Fees
**2d**
**Income from Operating Activities**
**to Generate Funds**
Magazines
Fetes, bazaars, other fund raising events
**2e**
**Income from Investments**
Dividends & Interest
Rents
**2f**
**Other Incoming Resources**
**Compensation**
Insurance claim
**Total incoming resources**||**Unrestr-**
**icted**
**Funds**
**£**
45,843
14,140
452
1,959
-
2,150
64,544
594
-
5,500
6,094
81
3,854
125
3,485
7,545
461
374
835
31
-
31
100
-
100
**79,149**||**Desig-**
**nated**
**Funds**
-
-
-
-
-
-
-
252
-
-
252
-
-
-
-
-
-
490
490
-
-
-
-
-
-
**742**||**Restr-**
**icted**
**Funds**
**£**
-
-
-
455
-
2,594
3,049
5,800
1,475
-
7,275
-
-
-
-
-
-
500
500
-
-
-
-
-||**TOTAL**
**FUNDS**
**2020**
**£**
45,843
14,140
452
2,414
-
4,744
67,593
6,646
1,475
5,500
13,621
81
3,854
125
3,485
7,545
461
1,364
1,825
31
-
31
100
-
100
**90,715**||**2019**
**£**
48,461
13,543
1,555
6,507
-
6,156|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||
||||||||||||
|||||||||||76,222
1,354
-
723|
|||||||||||2,077
139
13,102
(162)
3,856|
|||||||||||16,935
865
5,359|
|||||||||||6,224
38
-|
|||||||||||38
-
1,027|
|||||||-
**10,824**||||1,027|
|||||||||||**102,523**|
Page 11
## **Parochial Church Council of Christ Church, Fulwood**
## **Notes to the Financial Statements (continued) For the Year Ended 31 December 2020**
## **3 Resources expended**
|**_3a Costs of Generating Funds_**
Costs of stewardship campaign
Fetes, Bazaars, other fund raising events
**_3b Grants_**
Missionary & Charitable Giving
Church Overseas
Missionary Societies
Relief & Development Agencies
Home Missions and other Church Societies
**_3c Activities directly relating to the work of the_**
Ministry
diocesan parish share
clergy expenses
vicarage/curate house costs
other clergy costs
Church Running Expenses
Church Maintenance
Upkeep of Services
Sunday School leaders training & resources
Parish Magazine and Bookstall
Upkeep of churchyard
Church Hall Running Costs
Major Repairs to Church
Major Repairs to Church Hall
Salary of non-Clerical staff
**_3d Church Management and Administration_**
Administration
Governance Cost - Independent Examiner
**TOTAL RESOURCES EXPENDED**||**Unrestr-**
**icted**
**Funds**
**£**
263
-
263
-
655
-
-
655
**_Church_**
53,615
704
5,356
748
7,681
1,422
4,415
48
840
113
5,822
-
16
3,394
84,174
35
800
835
85,927||**Desig-**
**nated**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
-
-
-
-
556
-
-
-
-
-
633
-
-
1,189
-
-
-
1,189||**Restri-**
**cted**
**Funds**
**£**
-
-
-
-
-
1,542
162
1,704
-
-
-
-
-
-
-
-
-
-
-
7,800
-
-
7,800
-
-
-
9,504||**TOTAL**
**FUNDS**
**2020**
**£**
263
-
263
-
655
1,542
162
2,359
53,615
704
5,356
748
7,681
1,978
4,415
48
840
113
5,822
8,433
16
3,394
93,163
35
800
835
96,620||**2019**
**£**
424
-|
|---|---|---|---|---|---|---|---|---|---|---|
||||||||||||
||||||||||||
|||||||||||424
-
446
70
2,575|
|||||||||||3,091
51,190
995
2,136
424
3,248
1,945
8,363
297
1,150
641
9,203
3,609
362
4,211|
|||||||||||87,774
71
800|
|||||||||||871|
|||||||||||92,160|
Page 12
## **Parochial Church Council of Christ Church, Fulwood**
## **Notes to the Financial Statements (continued) For the Year Ended 31 December 2020**
## **4 Staff costs**
## **Salaries & Fees**
The Vicar and the Curate are not included in these staff costs because they are paid stipends by the Diocese through the Clergy Payroll Scheme operated by the Church of England. This also makes provision for their pensions. The Parish Share we are asked to pay by the Diocese covers all these costs.
## **Transactions involving Members of the PCC**
Expenses of £704 (2019: £995) and £748 (2019: £424) were paid to the Vicar Rev C Boland and to Rev P Maudesley respectively both inter alia ex officio members of the PCC.
In addition, certain housing costs totalling £5,356 (2019: £2,136) were paid as is customary.
The Director of Music post has remained vacant.
There were no other disclosable transactions in respect of PCC members, persons closely connected with them or other related parties.
|**Unrestr-**
**icted**
**Funds**
**£**
**5**
**Analysis of net assets by fund**
Current Assets
27,852
Current Liabilities
(23,578)
31 December 2020
4,274
**6**
**Debtors**
Income Tax Recoverable
Debtors
Prepayments
**7**
**Creditors: Amounts falling due within one year**
Accruals of Utility and other Costs||**Desig-**
**nated**
**Funds**
4,262
-
4,262||**Restri-**
**cted**
**Funds**
**£**
7,643
-
7,643
**2020**
**£**
8,803
-
-
8,803
**2020**
**£**
23,578|**Total**
**Funds**
**£**
39,757
(23,578)|**Total**
**Funds**
**£**
39,757
(23,578)|
|---|---|---|---|---|---|---|
||||||||
||||||16,179||
|||||||**2019**
**£**
5,952
600
-|
|||||||6,552|
|||||||**2019**
**£**
2,087|
## **8 Fund details**
The restricted fund comprises collections specifically made for the Childrens Society, the Bishops Harvest Appeal and other charities. Grants and donations specifically made for the Windows Fund are also treated as restricted.
The Designated fund comprises the balance of funds raised to enhance the Church.
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