ST STEPHEN'S PCC ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR TO THE 31 DECEMBER 2020
Charity Registration Number 1131952
ST STEPHEN'S PCC
Annual Report of the Parochial Church Council For the Year ended 31 December 2020
Administrative information
St. Stephen’s Church is situated in South Kensington in the Royal Borough of Kensington and Chelsea. It is in the Kensington Episcopal Area of the Diocese of London but is under the pastoral care of the Bishop of Fulham. The correspondence address is St. Stephen’s Church, Southwell Gardens, London SW7 4RL
The Parochial Church Council (PCC) is a registered charity number 1131952.
PCC members who have served from 1“ January 2020 until the date this report was approved are:
Incumbent: The Revd Philip Barnes Chairman Wardens: Mr Ross Egerton Mr Patrick Rodier Vice Chairman (until 18 November 2020) Representatives on the Deanery Synod: Mr Patrick Rodier Elected members: Mr. David Colville Treasurer Mr Anthony Gardner Mr Konstantinos (Until 25 October 2020) Petrides Mrs Elizabeth Olunloyo Mrs Sue Michelmore (From 25 October 2020) Ms Minette Moss (From 25 October 2020) Mr Tain Hunter (From 25 October 2020 Vice chairman (from 18 November 2020) Safeguarding officer Ms Clare Almond (Until 25 October 2020) Ms Minette Moss (From 25 October 2020) Mrs Elizabeth (From 25 October 2020) Children’s Champion: Olunloyo Secretary: Mr Mark Hodgin Structure, governance and management
The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. The PCC is elected each year as are the Churchwardens.
Objectives and Activities
The PCC has the responsibility of co-operating with the incumbent, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.
Achievements and Performance
Church attendance
On the 31st December 2020, there were 58 (2019- 53) on the Electoral Roll. Average Sunday attendance, counted during October 2020, was 41 (2019- 44) adults and 3 (2019- 4) children in church and 47 screens online. Average attendance for midweek services during October 2020 was 5 (2019- 5). In 2020 we had one funeral in church.
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ST STEPHEN'S PCC Annual Report of the Parochial Church Council (Continued)
For the Year ended 31 December 2020
Review of the year
The full PCC met on 5 occasions , two of which were held on-line(2019- 8).
Who could have imagined at the start of the year what the next few months would have in store for us! Early in 2020 the long awaited Stewardship Campaign was held, an invitation to every member of the congregation to participate in ‘planned giving’ as a sign of Christian commitment and in order to provide a regular and reliable source of income for the church, enabling us to channel a greater portion of income from the trusts from which we benefit to the development of the church. The following financial reports outline the success of this campaign, and we are really grateful to all who responded with such generosity.
Little did we know how timely this appeal would be, and in March the restrictions of the Covid-19 pandemic radically altered all our lives, Public Worship was suspended and all events held in the church were cancelled. It must be said that initial guidance from the Church of England and from the Government was often less than helpful, but we learned new ways of meeting together and practising our faith.
The first challenge was how we would keep Holy Week and Easter, with the church closed for both private prayer and Public Mass — and even the clergy forbidden from entering (though this particular ‘guidance’ was ignored, and not a day passed during the ‘lockdowns’ when the daily Mass wasn’t offered in St Stephen’s by Fr Philip with Mark Hodgin). Fr Philip developed a ‘Holy Week at Home’ pack — sent to all parishioners with resources for keeping the days at home, and we compileda list of all the email addresses for parishioners we had to share news and to maintain contact. That first pack developed into the ‘Together in Prayer’ publication of news, devotional material and reflections produced regularly and widely circulated, and that first email sent on 20 March was the beginning of a weekly email to keep in touch.
On Easter Sunday Fr Philip returned home from saying Mass in church to ‘livestream’ a Mass from his spare bedroom, hastily turned into an oratory for lockdown. That Easter Mass was viewed a remarkable 210 times! A parish YouTube site was put together, and our Sunday Mass has been live-streamed every week since then. There have been a few challenges: the picture was initially grainy, but a new camera on Fr Philip’s laptop rectified that; then the permission to livestream Mass from church meant an upgrade on the church WiFi in order to get a decent signal and an uninterrupted broadcast; then a kind donation from a parishioner improved the picture quality again. Sound remains something of a problem — the spoken voice comes over well, but it’s very difficult (and expensive) to get the music sounding as it should. We’re not sound engincers and do our best, and it’s been amazing to have an ‘online congregation’ joining each week, even now we are able to be physically present in church. This congregation includes those who are shielding at home, as well as friends who are overseas or living away from London. Thanks to a team of volunteers who’ve cleaned after every service, and to the precautions that we’ve put in place St Stephen’s has been able to be open for public celebrations of Mass whenever Government guidelines have allowed this. This has enabled those who can safely travel to the church to gather together with those who join the Mass on-line. It was particularly good to be able to open for Christmas services, and we are grateful to all who helped to enable this to happen.
One of the blessings that have emerged over the past few months have been discovering new ways of being in touch. We’ ve made use of Zoom for virtual coffee following Sunday Mass, we’ve tried to keep in touch with as many as we can on the ‘phone, email or post, and have produced online videos and livestreams. Some of these have been to the benefit not just of St Stephen’s but of the whole catholic movement in the Church of England, as Fr Philip has been using his role as Mission Adviser to the Bishop of Fulham to produce resources to share across parishes. In Advent 2020 these resources formeda series of 5 videos called ‘O Radiant Dawn’ for use by individuals or parishes, and as well as a talk from Fr Philip featured Advent music sung by our choir. The first video was viewed a staggering 3,900 times, and across the series of films an average of 2,000 people tuned in! When we wrote our parish Mission Action Plan three years ago we made 2 commitment to be a resource for the wider catholic movement in the Diocese of London — little did we realise we'd fulfil this by going viral on Facebook and Youtube!
In the late summer we launched our new website, a vast improvement on the previous site and an attractive way of communicating something of the beauty of our church and worship.
We've been hugely fortunate during 2020 to have received encouragement and solace from the music that we have continued to receive under the direction of Gregory Drott. It has been a particularly tough few months for musicians, with many experiencing significant losses in income, and one of the many things that we missed during the weeks when public worship was suspended was the sense of joy and consolation that the superb music at St Stephen’s brings us. Again, when guidelines have permitted it our musicians have adapted to new ways of bringing this gift to us. At Christmas, with congregational singing prohibited, we wondered how we’d be able to enjoy the carols we so love. How can we forget the solution, a masterful newly composed ‘Carol Mass’ by Gregory Drott, performed on St Stephen’s Day which had the congregation beaming and the presiding bishop tapping his feet! We were also delighted that the music department was joined by Jim Cooper as our Organ Scholar in September, replacing Joshua Simoes. Jim has already become a hugely valued and competent member of the team.
The wheels of bureaucracy can sometimes turn exceedingly slowly in the Diocese of London, and it wasn’t until the late summer that we received faculties for the first phase of the development work on the church building. These permissions meant that in September work began on the installation of the new lighting scheme, designed by Light Perceptions and installed by Tom Flynn Electricians. The scheme is flexible and sensitive, highlighting features in the church beautifully and adaptable for different liturgies and uses of the church. The bulk of the work was completed for Christmas, with re-wiring work continuing into 2021.
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ST STEPHEN'S PCC
Annual Report of the Parochial Church Council
(Continued)
For the Year ended 31 December 2020
Permission was also given for the upgrading of the sound system, and for the renovation of the vestries and WC and kitchen areas, and for the improvement to access on the north side of the church, In 2020 the PCC approved contractors for these works which would be completed in 2021.
In November 2020 the parish received an invitation from the Bishop of Fulham to receive an Assistant Curate who would come to St Stephen’s to complete his training. We were delighted to receive Fr Alan Rimmer in December, and he was licensed as curate here by the bishop at the Solemn Mass on St Stephen’s Day. The parish has been able to rent a flat for him on Marloes Road, and Fr Alan soon settled into ministry amongst us. We look forward with eager anticipation to his ordination as a priest in 2021.
2020 was indeed a year like no other, with challenges and disappointments, but also with much to give us encouragement and hope.
Financial Review
Total receipts on ordinary unrestricted and restricted funds are £326,622 (2019 £259,612), expenditure is £297,135 (2019 £257,009). At the start of 2020, the PCC embarked on a stewardship campaign to increase the level of planned giving from the congregation. This led to a doubling in the number of planned givers to the PCC; the total planned giving for 2020 is £12,660 (£7,190 in 2019). This insulated the PCC finances, to some extent, during the several lockdowns this year, resulting from the Covid-19 pandemic restrictions, when services were not allowed to be held publicly. Although income from hiring out the church for concerts and rehearsals, as well as the income from use of the parish room for early learning activities is significantly impacted: £35,309 in 2020 (£51,864 in 2019). The PCC continues to benefit from generous grants from two trusts associated with the church, as well as a grant supporting the music from the Old Possum Practical Trust. In particular, this year the PCC has benefited from additional grants from St Stephen’s House (Gloucester Road) Ltd to support the development works at the church: £109,008 in 2020. These development works have also been the PCC’s main expenditure in 2020: £111,713 {including professional fees). The contribution to the diocesan quota is £64,700 (£62,800 in 2019) which largely provides the stipends and housing for clergy. The other significant items of expenditure are the cost of running and maintaining the building, the cost of music at services and staff. The Covid-19 pandemic restrictions did lead to a scaled back music programme in 2020 and during the period when the church could not open for Sunday worship the regular quartet were paid a 50% retainer fec. Music costs in 2020 are £24,730 (£34,604 in 2019). In 2020 there was no Festival of Arts & Faith. The overall surplus for the year is £29,487 (2019 £2,603) leaving a net accumulated surplus of £43,774 (2019 £14,287).
Reserves policy
The PCC aims to hold a reserve of at least £15,000 in unrestricted funds to cover emergency situations that may arise from time to time. The net current unrestricted reserves are £43,774 (£14,287 in 2019).
Approved by the PCC on 24 March 2021 and signed on their behalf by the Revd Philip Barnes (Chairman).
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Revd Philip Barnes ©~{ee
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ST STEPHEN'S PCC Deanery Synod Report
|
For the Year ended 31 December 2020
The Kensington Deanery Synod Representative in the House of Laity for this new triennium, which began on | December 2020 (extended by episcopal fiat from 30th June 2020, owing to the coronavirus epidemic) and concludes under the revised Church Representation Rules 2020 on 30 June 2023, is Patrick Rodier. Father Philip, is ex officio a member of the House of Clergy.
The Area Dean was the Rev Mark O’ Donoghue, Vicar of Christ Church, Victoria Road, W8, until his resignation in September 2020. Since October 2020, the Vicar of the United Benefice of Holland Park, the Rev Dr James Heard, is the Area Dean.
Since the date of the previous report (May 2020), there were no meetings until the first video conference Deanery Synod organised by James Heard on 10 September 2020, when the Revd Canon Miles Baker, the new Area Director of Ministry, addressed us on investing in leadership and vocations following the theme of confidence in proclaiming the faith.
This Zoom meeting was followed on 16 November 2020 by an address from our Arca Bishop of Kensington, the Rt Revd Graham Tomlin, on the development of the Diocesan 2030 Vision — provisional at this stage, because so much energy has had to be diverted to the coronavirus epidemic consequences, especially by the clergy, who were profusely thanked.
The customary Common Fund meeting of deanery treasurers, incumbents and, nowadays, church wardens or other principal PCC members with the Archdeacon, the Ven. Richard Frank, and the Area Finance Adviser, Mary Spredbury during May 2020 were necessarily abandoned.
Instead, parishes encountering straitened financial circumstances because, for example, of the loss of rental income, were encouraged to advise the effect on their common fund contributions. It speaks something of the resilience of London that, overall, the reduction in common fund has been only about 8% for 2020. With continuing coronavirus restrictions, the Diocese agreed that Common Fund contributions in 2021 should broadly continue at the same level as 2020. The Diocese is, of course, anticipating a significant shortfall over last year and this.
Patrick Rodier 24 March 2021
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ST STEPHEN'S PCC ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR TO THE 31 DECEMBER 2020
STATEMENT OF TRUSTEES RESPONSIBILITIES
Members of the PCC are required by the Church Accounting Regulations and the Charities Act 2011 to prepare accounts for each financial year which give a true and fair view of the state of affairs of the Church and of its results for that year. In preparing those accounts, the trustees are required to:
(a) select suitable accounting policies and apply them consistently;
(b) make judgements and estimates that are reasonabie and prudent;
(c) prepare the accounts on a going concern basis unless it is inappropriate to assume that the Church will continue in operation.
The members of the PCC are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the Church.
They are also responsible for safeguarding the assets of the Church and hence taking reasonable steps to prevent and detect fraud and other irregularities.
Signed on behalfof the PCC WA Mark Hodgin Secretary to the PCC Date 24 March 2021
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ST STEPHEN'S PCC ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR TO THE 31 DECEMBER 2020
Independent Examiner's report to the PCC
This report is attached to the accounts of the PCC for the year ended 31st December 2020 which are set out on pages 8 to 13 and is in respect of an examination carried out on the accounts under section 145(1) of the Charities Act 2011. These statements comprise of the Statement of Financial Activities, the Balance Sheet and the related notes.
Respective responsibilities of trustees and examiner
As members of the PCC you are responsible for the preparation of the accounts and you consider that an audit is not required for this period under section 144(2) of the Charities Act 2011 (the Act) and that an independent examination is needed. It is my responsibility to : - examine the accounts under section 145 of the 2011 Act; - to follow the procedures laid down in the general Directions given by the Charity Commission under section 145 (5)(b) of the 2011 Act; and - to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of 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 no opinion is given as to whether the accounts present a ‘true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
(1) which gives me reasonable cause to believe that in any material respect the requirements:
-
to keep accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act and with the methods and principles of the Statement of Recommended Practice : Accounting and Reporting by Charities.
have not been met; or
(2) to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Christopher Sale Chartered Accountant (ICAEW) JnC Business Solutions Limited 24 Upper Hall Park Berkhamsted HP4 2NP 24 March 2021
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ST STEPHEN'S PCC STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31 DECEMBER 2020
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|||||||||
|---|---|---|---|---|---|---|---|
|2020|2019|
|Note|£|£|£|£|
|Unrestricted|Restricted|Total|
|INCOMING|RESOURCES|Funds|Funds|Total 2020|2019|
|Voluntary Income|2a|248,818|41,140|289,958|202,359|
|Activities|for Generating|Funds|2b|35,309|0|35,309|54,215|
|Income from|Investments|2c|34|0|34|60|
|Income from Church|Activities|2d|1.321|0|L321|2,978|
|Total Incoming resources|985,482|41,140|326,622|259,612.|
|RESOURCES|EXPENDED|
|Church|Activities|3a|214,711|34,500|249,211|212,884|
|Cost of Generating|Funds|3b|13,005|6,640|19,645|11,234|
|Professional|Fees|3c|25,354|0|25,354|29,966|
|Governance Costs|3d|2,925|0|2,925|2,925|
|Total resources expended|255,995.|41,140.|297,135|257,009|
|Net incoming /(outgoing) resources|29,487.|(0.)|29,487.|2,603|
|Net Movement in Funds for the period|29,487.|0.|29,487.|2,603|
|TOTAL FUNDS BROUGHT FORWARD|14,287|0|14,287|11,684|
|TOTAL FUNDS CARRIED FORWARD|43,774|~~SO«S”S~«~«|TTA|«214287|
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No separate statement of Total Recognised Gains and Losses has been presented as all such gains and losses have been dealt with in the Statement of Financial Activities
The net movement in funds for the year arise from the charity's continuing operations.
|
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ST STEPHEN'S PCC
BALANCE SHEET AT 31 DECEMBER 2020
Note
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||||
| Funds | Funds | Total2020 | 2019 | ||||
| £ | £ | £ | £ | ||||
| INVESTMENTS | 5 | 366 | 0 | 366 | 332 | ||
| CURRENTASSETS | |||||||
| Stock | 0 | 0 | 0 | 0 | |||
| Debtors Cashatbankandinhand |
6 | 22,932 0 22,932 9,012 29,883 0 29,883 13,994 ———— 52,815 0 52,815 23,006 a |
|||||
| LESS CREDITORS: | |||||||
| Amounts fallingdue withinone year | 7 | (9,407) | 0 | (9,407) | (9,051) | ||
| ————— | ns | ||||||
| NETCURRENTASSETS(LIABILITIES) / | 43,408 | 0 | 43,408 | 13,955 | |||
| TOTALASSETSLESSCURRENTLIABILITIES | ee 43,774 0 43,774 14,287 ———— |
||||||
| CREDITORS: | |||||||
| amounts falling due aftermore than oneyear | 0 | 0 | 0 | 0 | |||
| Bank loan | 0 | 0 | 0 | 0 | |||
| NETASSETS | 43,774 SSS |
SS | 0 | ee | 43,774 14,287 ae |
||
| FUNDS OFTHECHARITY | |||||||
| Unrestricted Funds General | 43,774 | 0 | 43,774 | 14,287 | |||
| Restrictedincome Funds | 0 | 0 | 0 | 0 | |||
| es | |||||||
| 43,774 | 0 | 43,774 | 14,287 |
These financial statements have been prepared in accordance with the provisions of the Statement of Recommended Practice, Accounting and Reporting by Charities (2005). These financial statements were approved by the Parochial Church Council and are signed and authorised for issue on their behalf by:
Revd Philip Barnes Date 24 March 2021
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Chairman
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ST STEPHEN'S PCC
NOTES TO THE FINANCIAL STATEMENTS For the Year ended ended 31 December 2020 1) ACCOUNTING POLICIES
For the Year ended ended 31 December 2020
BASIS OF ACCOUNTING
The financial statements have been prepared under the historical cost convention and in accordance with the Church Accounting Regulations, and applicable accounting standards and the Statement of Recommended Practice, Accounting and Reporting by Charities (2005).
FUNDS
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. These include funds designated for particular purposes by the PCC.
The purpose of any restricted funds is noted in the accounts.
The accounts include transactions, assets and liabilties for which the PCC can be held responsible. They do not include the accounts of Church Groups that own an affiliation to another body nor those that are informal gatherings of Church members.
INCOME POLICY
Voluntary income including donations and grants are recognised where there is entitIment, certainty of receipt and the amount can be measured with sufficient reliability.
Amounts receivable under covenant are recognised only when honoured by the covenanter.
Incoming resources from tax reclaims for Gift Aid are included in the SoFA where there is entitlement, certainty of receipt and the amount can be measured with sufficient reliability. Grants and legacies are accounted for as soon as the PCC is notified of its entitlement and the likely amount due. Funds raised by the festival and similar events are accounted for gross. Sales of books and magazines from Church bookstalls are accounted for gross. Other ordinary Income
Rental income from letting of Church premises is accounted for when received. Parochial fees due to the PCC for weddings, funerals etc are accounted for on an event by event basis.
Investment Income
Dividends and interest are accounted for when due. Tax recoverable on such income is accrued for on the same basis.
RESOURCES EXPENDED
Expenditure is recognised on an accruals basis as a liability is incurred.
Charitable expenditure comprises those costs incurred by the Charity in the delivery of the activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them, All costs are allocated between the expenditure categories of the Statement of Financial Activities on a basis designed to reflect the use of the resource. Costs relating to a particular activity are allocated directly, others are allocated on an appropriate basis.
ACCOUNTING FOR GRANTS AND DONATIONS
Grants
Grants and Donations are accounted for when the payment has been made or authorised and due for payment.
Costs directly related to the work of the Church
The Diocesan quota is accounted for when payable and any unpaid at 31 December 2020 is shown as a creditor in the Balance Sheet.
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ST STEPHEN'S PCC NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020
(Continued)
FIXED ASSETS
Consecrated land and buildings and movable Church furnishings
Consecrated and beneficed property is excluded from the accounts by s 96(2)(c) of the Charities Act 1993.
No value is placed on movable Church furnishings held by the Churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and movable Church furnishings, whether maintenance or improvement, is written off.
CURRENT ASSETS
Amounts owing to the PCC in respect of fees, rents or other income are shown as debtors less any provision for amounts that may prove unrecoverable.
FUNDS
Unrestricted funds are available for use at the discretion of the members of the PCC in furtherance of the general objectives of the charity. Restricted funds are subjected to restrictions on their expenditure imposed by the donor and are segregated for use for that specific purpose.
INCOMING RESOURCES
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||||||||
|---|---|---|---|---|---|---|
|Funds|Funds|Total 2020|2019|
|£|£|£|£|
|2a)|VOLUNTARY INCOME|
|Planned Giving|12,660|-|12,660|7,190|
|Collections|3,160|-|3,160|7,804|
|Donations|and|appeals|1,842|-|1,842|3,254|
|Legacies|500|-|500|0|
|Tax|recoverable|5,398|-|5,398|4,139|
|St Stephen's|Endowment Trustees|-|34,500|34,500|34,000|
|St|Stephen's|House|
|Administrative|Support Grant|20,000|20,000|20,000|
|Other Grants|80,000|6,640|86,640|106,480|
|Development|Grants|109,008|109,008|
|209,008|6,640|215,648|126,480|
|Old Possum Trust|15,000|-|15,000|~—:15,000|
|Insurance Claim|1,250|-|1,250|4,492|
|TOTAL VOLUNTARY INCOME|248,818|41,140|289,958|202,359|
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(Continued)
ST STEPHEN'S PCC NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2020
| For the year endedended 31 December 2020 | |||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| Funds | Funds | Total | 2020 | 2019 | |
| £ | £ | £ | £ | ||
| 2b) ACTIVITIESFORGENERATING FUNDS | |||||
| Festival Income | 0 | 0 | 0 | 2,351 | |
| Church& Hall Lettings | 35,309 | 0 | 35,309 | 51,864 | |
| TOTAL | 35,309 | 0 | 35,309 | 54,215 | |
| 2c) INCOMEFROMINVESTMENTS | |||||
| Bank Interest | 0 | 0 | 0 | 0) | |
| Revaluation ofCBFfunds | 34 | 0 | 34 | 61 | |
| TOTAL | te: | ane | Gee | eeein | |
| 2d)INCOMEFROM CHURCHACTIVITIES | |||||
| Magazines, Books& Votive Candles | 419 | 0 | 419 | 870 | |
| Liturgical fees | 102 | 0 | 102 | 207 | |
| Music Income OtherIncome |
800 0 |
0 0 |
800 0 |
1,900 0 |
|
| TOTAL | 1,321 | 0 | 1Bi ys I | 2,077 | |
| TOTAL INCOME | 285,482 | 41,140 | 326,622 | 259,612 | |
| 2020 | 2019 | ||||
| Unrestricted | Restricted | Total | |||
| RESOURCESEXPENDEDCHARITABLEACTIVITIES | Funds | Funds | Total2020 | 2019 | |
| £ | £ | £ | - | ||
| 3a) Church Activities | |||||
| DiocesanCommon Fund | 49,370 | 15,330 | 64,700 | 62,800 | |
| Diocesan Statutory Fees | 6 | - | 6 | 6 | |
| Diocesan Common Fund All SaintsNH | - | - | 0 | 10,000 | |
| Assistant Priest Honorarium, | - | 3,000 | 3,000 | 3,000 | |
| Ministry Support | 1,733 | 987 | 2,72) | 1,396 | |
| Office Expenses | 4,599 | . | 4,599 | 5,798 | |
| Church Heating& Lighting | 10,605 | - | 10,605 | 14,233 | |
| Church Maintenance& Repair Church MinorWorks |
6,917 8,911 |
- - |
6,917 8,911 |
= 14,289 14,288 |
|
| ChurchDevelopment Works | 86,359 | - | 86,359 | 0 | |
| Insurance | 8,612 | a | 8,612 | 8,227 | |
| Sacristy | 1,407 | 1,407 | 3,520 | ||
| Music | 24,730 | - | 24,730 | 34,604 | |
| Verger's Salary& Fees | 3,581 | 15,183 | 18,764 | 18,992 | |
| Verger's Flat Expenses | 4,585 | - | 4,585 | 2,695 | |
| Festival | - | - | 0 | 12,262 | |
| General Expenses | 778 | - | 778 | 3,289 | |
| Subscriptons& Charitable Giving | 1,632 | - | 1,632 | 1,426 | |
| Brookwood | 780 | - | 780 | 780 | |
| Special Event Catering | 46 | - | 46 | 1,219 | |
| Bank Charges | 60 | 0 | 60 | 60 | |
| 214,711 | 34,500 | 249,211 | 212,884 | ||
| 3b) Cost ofGenerating Funds | |||||
| Church Hall Expenses | 3,677 | 6,640 | 10,317 | 9,923 | |
| Publicity | 9,328 | 9,328 | 1,311 | ||
| 13,005 | 6,640 | 19,645 | 11,234 | ||
| 3c)Professional Fees | |||||
| Architect | 14,290 | 14,290 | =.26,978 | ||
| Lighting design | 11,064 | 0 | 11,064 | 2,988 | |
| 25,354 | 0 | 25,354 | 29,966 |
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ST STEPHEN'S PCC
(Continued)
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020
3d) Governance Costs
| 3d) Governance Costs | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Independentexaminer | 2,925 | 0 | 2,925 | 2,925 | |||||
| 2,925 | 0 | 2,925 | 2,925 | ||||||
| Unrestricted | Restricted | Total | |||||||
| Funds | Funds | Total2020 | 2020 | 2020 | 2019 | ||||
| 4)STAFFCOSTS | £ | £ | £ | £ | |||||
| Wages& salaries | 3,581 | 21,823 | 25,404 | 25,404 | |||||
| Employers NI | 0 | 0 | 0 | 0 | |||||
| 3,581 | 21,823 | 25,404 | 25,404 | ||||||
| During the year thePCC employed2members ofStaffat | a salary less than £40,000 | p.a. | |||||||
| Unrestricted | Restricted | Total | |||||||
| Funds | Funds | Total2020 | 2020 | 2019 | |||||
| 5)INVESTMENTS | £ | £ | £ | £ | |||||
| CBFInvestments Revalued at 31 December2020 | 366 | 0 | 366 | 332 | |||||
| 366 | 0 | 366 | 332 | ||||||
| Unrestricted | Restricted | Total | |||||||
| 6)DEBTORS | Funds | Funds | Total2020 | 2020 | 2019 | ||||
| Outstanding hire invoices | £ 3:55:11 |
£ | 0 | if | 3,551 | £ 3,380 |
|||
| HMRC Gift Aid | 5,398 | 5,398 | 0 | ||||||
| 47 Marloes Road | 10,667 | 10,667 | 0 | ||||||
| Insurance claim | 0 | 0 | 0 | 4,492 | |||||
| Prepayments forBrookwood | 780 | 780 | |||||||
| Prepayments in respectofcopyright fees and utilities | 2,536 | 0 | 2,536 | 1,140 | |||||
| 22,932 | 0 | 22,932 | 9,012 | ||||||
| Unrestricted | Restricted | Total | |||||||
| 7)CREDITORS | Funds | Funds | Total2020 | 2020 | 2019 | ||||
| £ | £ | £ | £ | ||||||
| Accruals foraccounting fees | 2,925 | 0 | 2,925 | 2,925 | |||||
| Deferred income | 5,000 | 0 | 5,000 | 5,000 | |||||
| Charitable Giving | 1,482 | 0 | 1,482 | 1,126 | |||||
| 9,407 | 0 | 9,407 | 9,051 | ||||||
| As at31 | |||||||||
| 8)RESTRICTEDFUNDS | Asat01Jan20 | Receipts | Payments | Transfers | Dec20 | ||||
| £ | £ | £ | £ | - | |||||
| S Stephen's EndowmentTrust | 0 | 34,500 | 34,500.) | 0 | 0 | ||||
| SStephen's House | TOO | 0 | 6,640 oo |
(6,640.) 0) |
0 Tt |
(0) 7 |
|||
| UNRESTRICTED FUNDS | 14,287 | 285,482 | (255,995) | 0 | 43,774 | ||||
| TOTALFUNDS | 14,287 | 326,622 | (297,135) | 0 | 43,774 | ||||
| Unrestricted | Restricted | Total | |||||||
| 9)ANALYSISOFNETASSETSBYFUND | Funds | Funds | Total2020 | 2019 | |||||
| £ | £ | £ | £ | ||||||
| Investments | 366 | 0 | 366 | 332 | |||||
| Current assets Creditors Due withinone year |
52,815 0 52,815 23,006 (9,407) 0 (9,407) (9,051) “43,7740 43,774 14,287 |
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9) ANALYSIS OF NET ASSETS BY FUND
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Investments Current assets Creditors Due within one year
13