TRUSTEES' REPORT 2020
Because of covid restrictions, church services were suspended in March and resumed in August., in a safe form. Services on Zoom were held from March onwards. Our finances were severely affected by the lockdown, which reduced congregational giving and fundraising income. Rental income from the Halls and Trust School was also lost. The overall deficit was contained by a cut in our contribution to the Diocese and a similar reduction in charitable giving. The restoration fund remained healthy. The Quinquennial inspection showed a need for urgent work on the tower and spire and on some of the windows. The Halls roof needs replacement. Quotations and grants are being sought for these jobs.
ANNUAL ACCOUNTS 31/12/2020
RECEIPTS
| STEWARDSHIP | 33569 |
|---|---|
| COLLECTIONS | 2987 |
| WEDDINGS - NET | 1961 |
| FUNERALS - NET | 2746 |
| ASSIGNED FEES | 3332 |
| DONATIONS ETC. | 15739 |
| RENTALS | 27514 |
| MAGAZINE | 882 |
| XPM | 412 |
| INVESTMENTS | 1803 |
| TOTAL RECEIPTS | 90945 |
| PAYMENTS | |
| MUSIC | 3024 |
| CHURCH EXPENSES | 19454 |
| HALLS EXPENSES | 12842 |
| TS EXPENSES | 6526 |
| COTTAGES EXPENSES | 6969 |
| CLERGY EXPENSES | 3809 |
| OFFICE EXPENSES | 8735 |
| MAGAZINE | 400 |
| CHARITY GIVING | 1639 |
| RESTORATION - NET | 10048 | ||
|---|---|---|---|
| ASSIGNED FEES | 3332 | ||
| DIOCESAN COMMON FUND | 25550 | ||
| BANK CHARGES | 343 | ||
| TOTAL EXPENSES | 102671 | ||
| DEFICIT | 11726 | ||
| DEFICIT EXCL. APPEAL | 1678 | ||
| BALANCE SHEET | |||
| 2020 | 2019 | ||
| CURRENT ASSETS | |||
| BANK | 84113 | 97243 | |
| CASH | 156 | 557 | |
| INVESTMENTS | 20085 | 18283 | |
| TOTAL | 104354 | 116083 |
Independent Examiner's Report to the PCC of Yardley, St Edburgha’s (Registered Charity No. 1131907)
This report on the accounts of the PCC for the year ended 31[st] December 2020, which are set out in the Summary of Funds and the Receipts & Payments Account, is in respect of an examination carried out under Regulation 3(3) of the Church Accounting Regulations 1997 and s.43 of the Charities Act 1993.
Respective responsibilities of trustees and examiner
As the members of the PCC you are responsible for the preparation of the accounts; you consider that the audit requirement of Regulation 3(3) of the Church Accounting Regulations 1997 and section 43(2) of the Charities Act 1993 (the Act) do not apply. It is my responsibility to issue this report on those accounts in accordance with the terms of regulation 25 of the Church Accounting Regulations 1997 and Regulation 7 of (Accounts and Reports) Regulations1995.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission under section 43(7)(b) of the Act and to be found in the guidance from the CBF. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
Independent examiner's statement
In connection with my examination, no matter has come to my attention;
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(1) which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 41 of the Act; and
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to prepare accounts which accord with the accounting records and to comply with the requirements of the Act, as also contained in the Church Accounting Regulations 1997
have not been met; or
- (2) to which, in my opinion, attention should be drawn to enable a proper understanding of the accounts to be reached.
Signed: A .Donald Abbott F.C.A. Independent Examiner
........................................................
Date 18[th] February 2021
.