2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Marys Leamington Priors

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

		Page
Chadty Information
Trustees' Report		2-9
Independent Examiner's	Report	10
Statement ofFinancial Activities
Balance Sheet		12
Notes tothe Accounts		13-21

															Page 1
								CHARITY INFORMATION
Registered	Charity name:				The Parochial Church		Council		ofthe	Ecclesiastical Parish	ofSt Mary's Leamington		Priors
Charity registration			no:		1132095
Governing	Document:				Parochial Church	Council Powers Measure (1956)as amended						and Church Representation		Rules
Registered	office &address for				St Mary's Church
correspondence					StMary's Road
					l.eamington Spa
					CV31 1JW
Contact details:				Tel	01926778505
				Email	accountskbstmarysleamington.				corn
				Website	www. strnarysleamington.			corn
Members	of	Parochial		Church Council (PCC)
Vicar					Rev Becky Jones				In post	all year (Chairperson	from 5/5/2020)
Wardens					Peter Ralph				Elected	18/10/2020 (5th Year)
					Chris Rogers				Resigned 18/10/2020
					Vanessa Cooper				Elected	18/10/2020 (1styear)
PCC members
					Mary Briggs				Elected	7/4/2019 (Serving to APCM 2022) (2nd term)
					Elliott Hampson				Elected	18/10/2020- Serving to APCM 2023) (Lsy Chairperson				-standing	in for
									RevJones when required)
					Malcolm Coleman				Elected	22/4/2018 (Serving	to APCM 2021)
					Peter Mattacola				Elected	18/10/2020 (Serving to APCM 2D23)
					Mark Martin				Resigned 9/3/2020- Chairperson			to 9/3/2020
					Joe Barlow				Resigned 24/5/2020
					Rebecca Gonon				Resigned 18/10/2020 (end		of3year term)
					Keratin Friend				Resigned 18/10/2020 (end		of3year term)
independent		Examiner			Lisa Darby ACA
					Stewardship
					1 Lamb's Passage
					London EC1YSAB
Bankers					Yorkshire Bank
					7-11High Street
					Coventry
					CVJ 558
					Bank ofScotland	PLC
					The Mound
					Edinburgh
					EH1 1YZ

			AII	AII	Total	Total
			Unrestricted	Restricted	AII	All
			Funds	Funds	Funds	Funds
		Note	2020	2020	2020	2019
			f	f	f	E
INCOME AND ENDOWMENTS	FROM:
Donations and legacies			251,583	17,161	268,743	267,678
Charitable activities			9,975	29,146	39,122	58,395
Other trading activities			11,790	0	11,790	13,800
Investment income			90	12	102	50
Total Income and endowments			273,438	46,319	319,757	339,923
EXPENDITURE ON:
Charitable activities			180,895	64,309	245,204	250,210
Raising funds			0	3,759	3,759	6,405
Other			1,556	0	1,556	4,733
Total Resources Expended			182,451	68,068	250,519	261,348
Net Income/(Expenditure)			90,987	(21,749)	69,238	78,575
Transfers between funds		16	(15,611)	15,611
Net Movement in Funds			75,376	(6,138)	69,238	78,575
Reconciliation offunds:
Totalfunds broughtforward			342,114	186,996	529,110	450,534
Total funds carried forward		16	417,490	180,858	598,348	529,110

					AII	AII	Total	Total
					Unrestricted	Restricted	All	AII
					Funds	Funds	Funds	Funds
				Note	2020f	2020 E	2020 E	2019 6
FIXEDASSETS
Tangible	assets				171,327	156,942	328,269	334,036
					171,327	156,942	328,269	334,036
CURRENT ASSETS
Debtors				12	9,503	1,287	10,790	81,722
Cash at	bank and	in	hand	13	246,057	23,749	269,806	124,914
					255,560	25,036	280,596	206,637
CREDITORS:	Amounts	fa	Bing due within one year	14	9,397	1,120	10,517	11,563
NET CURRENT ASSETS/LIABILTIES					246,163	23,916	270,079	195,074
Total assets	less current		liabilities		417,490	180,858	598,348	529,110
TOTAL NET ASSETS					417,490	180,858	598,348	529,110
FUND BALANCES				16
Unrestricted	funds
General	funds				216,821		216,821	138,385
Designated funds					200,669		200,669	203,730
					417,490		417,490	342,115
Restricted Funds						180,858	180,858	186,995
					417,490	180,858	598,348	529,110

										Page 15
3	Income	from Donations	and legacies
					Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
					Funds	Funds	202D	Funds	Funds	2019
					6	E	E	E	E	E
		Donations ofcash	and similar		160,86D	14,999	175,859	151,468	10,265	161,733
		l.egacies receivable			60,000	0	60,DDD	71,429	0	71,429
		Income tax recoverable			30,723	2,162	32,885	33,451	1,066	34,517
					251,583	17,161	268,743	256,348	11,331	267,678
4	Income	from Charitable	Activities
		Centre income			8,681	0	8,681	22,407	0	22,407
		Church fees			752	0	752	411	0	411
		Grants in support	ofministry	activities	0	28,250	28,250	0	31,249	31,249
		Courses activities	and other misc income		542	897	1,439	2,885	1,431	4,317
		Other income			0	0	0	11	0	11
					9,975	29,146	39,122	25,714	32,681	58,395

6	Investment i	ncome
	Bank	interest and	investment		dividends	90	12	102	26	24	50
7	Expenditure	on Charitable	Activities
						Unrestricted	Restricted	Total	Unrestricted	Restricted	Total
						Funds	Funds	2020	Funds	Funds	2019
						E		E	E	E	E
	Core church	activity running		costs		3,266	1,607	4,874	8,434	3,167	11,602
	Parish share	and staffing/volunteer			costs/exps	101,029	42,770	143,799	105,256	43,188	148,444
	Building and	maintenance	costs			13,870	14	13,884	25,709	1,460	27,169
	Overheads 8	Church Centre		running	costs	26,835	434	27,269	29,496	414	29,910
	charitable giving					33,098	824	33,922	13,017	252	13,269
	Governance	costs				1,793	0	1,793	1,254	0	1,254
	Depreciation					979	5,888	6,867	795	5,888	6,683
	Other project costs and misc					25	12,772	12,797	0	11,880	11,880
						180,895	64,309	245,204	183,962	66,249	250,210

Staff NTrustees - analysis ofstaff costs and trustee	remuneration and expenses
		2020	2019
Staff costs during the year amounted to:
Gross Salaries		71,558	72,000
Soma l Security costs (after offset ofemployers	allowance 2020:64,000,2019:E3,000	1,642	2,410
Pension Costs		3,692	3,567
Average number ofstaff during the year		4	4
Full time equivalent		3,0	3.3

												Page 17
11	Tangible Fixed Assets
								Church		"Church		Total
								Centre		House	Equipment	202D
	Cost							E		E	E	6
	At 31/12/2019							294,420		170,212	10,356	474,988
	Disposals
	Additions										1,099	1,099
	At 31/12/2020							294,420		170,212	11,455	476,087
	Accumulated Depreciation
	At 31/12/2019							131,589			9,362	140,951
	Charge for the year							5,888			979	6,867
	At 31/12/2020							137,4T/			10,341	147,818
	At 31/12/2020							156,942		170,212	1,115	328,269
	At 31/12/2019							162,830		17D,212	994	334,036
	*The church house is a residential		property	(owned by the church, not the Diocese) and originally				purchased	to provide	a house for a curate, Ifsold, it is
	anticipated that itwould realise a		greater value than that			paid for it. As such, no depreciation is provided against the asset in the accounts.
12	Debtors
						Unrestricted	ResWicted	Total	Unrestricted		Restricted	Total
						Funds	Funds	2020		Funds	Funds	2019
						E	E	6		E	6	E
	Falling due within one year:
	Tax recoverable					5,202	880	6,082		5,229	281	5,509
	Legacy					0	0	0		71,429	0	71,429
	Other Debtors					1,778	407	2,187		1,518	297	1,815
	Prepayments					2423	0	2,523		2,970	0	2,970
						9,502	1,287	10,790		81,146	577	81,722
13	Cashat BankandinHand
						E	E	E		6	E	E
	Cash at bank with immediate	access				65,310	16,9D4	82,213		8,514	1,000	9,514
	Notice deposits (with a term	ofthree months			or less)	180,432	6,845	187,278		90,679	24,185	114,864
	Petty cash					315	0	315		536	0	536
						246,057	23,749	269,806		99,729	25,185	124,914
14	Creditors: liabilities falling due within one			year
						E	6	E		E	E	E
	Trade Creditors					2,346	30	2,376		2,889	567	3,456
	Pension					4,090	355	4,446		4,086	267	4,354
	Taxation and Social security					385	735	1,120		(651)	764	113
	Other creditors					15	0	15		1,970	0	1,970
	Accruals					2,560	0	2,560		1,670	0	1,670
						9,397	1,120	10,517		9,965	1,598	11,563

																			Page 19
Funds	continued
												2020				2020	202D	2020	2020
											Operilng				incoming		Outgoing	Transfers	Clos lrig
2020											balance f			resources			resources E	in the year E	balance E
Restricted
	Building	Fund									162,875					0	5,888	(45)	156,942
	Building	Grant										5,318				300	0	(2,498)	3,120
	Pathway											0				8,428	30,868	22,440	0
	Isaiah 61											188				1,208	348	0	1,047
	CAP/Financial			Freedom		b	and	c				7,768			35,740		29,809	6,050	19,749
	Inside Out Housing Project											10,847				12	33D	(10,528)	0
	External	Donations										0				633	825	192	0
	Total										186,996				46,320		68,069	15,611	18D,B58
Aggregate offunds											529,110				319,757		250,520	0	598,348
The transfers referred				to above were made for the following						reasons:
a)	Transfer	from		general	fund to designated		or	restricted		funds tocover net deficit (where			costs exceed income) associated with each ministry						area.
b)	Transfer	from		ministry	area funds to 6eneral			Fund to		contribute towards general ofBce			resources/building				costs used.
c)	Allocation of		tithe funds to CAP ministry				area to reflect St Mary's				contribution	as a partner		church.
d)	General	fund	transfer toclear the mortgage					on the church house
e)	General	fund		support ofoverseas child		sponsorship commitment,					to be repaid	from children			and youth fund-raising in 2020
f)	Transfer	ofgeneral funds to tithe fund,				as part			ofChurch giving to other charitable causes.
g)	Correction of			previous	year income, which should be					posted to Building Grant.
h)	Transfer	from		Building	Fund (as g) above		and release			back to General Fund of		previous	GF	allocation offunds for "PA" music purchases no longer
	required.
i)	De-restriction			offund	balanceandtransferto				General	Fund for making ofgrantto another				charity
Analysis ofnet assets by fund
The assets and liabilities ofthe various funds were as									follows:
																	Designated	Restricted
													General			Fund	Funds	Fuiuls	Total 2020
	Tangible	fixed		assets												1,115	170,212	156,942	328,269
	Debtors															9,476	27	1,288	10,791
	Cash at bank		and in hand												215,395		30,662	23,749	269,806
	Creditors	falling due in one year													(9,166)		(232)	(1,120)	(10,518)
															216a21		200669	180858	598348
In the	previous	year,		the movements in the charity's				funds were as fogows:
												2019				2019	2019	2019	2019
											Opening				Incoming		Outgoing	Transfers	Closing
2019											balance f				resourcesf		resources f	inthe year E	balance f
Unrestricted
	General	Fund									107,476				278,195		140,068	(107,219)	138,385
Designated
	Youth											0				2,187	13,325	11,138	0
	Children	gr Families										0				55	8,166	8,111	0
	Outlook											860				1,103	618	(180)	1,165
	TLC Plus											659				377	286	(180)	570
	New Building			Projects								0				0	8,140	8,140	0
	New Wine											0				169	169	0	0
	Church House										125,914					13,800	4,945	35,442	170,212
	Tithe Fund											22,407				0	12,800	21,722	31,329
	Community		Fund									632				0	177	0	454
	Total										150,472					17,692	48,627	84,193	203,730