## **Charity No. 1132264** ## **St Simon Zelotes’ PCC** ## **Upper Chelsea** **Annual Report and Financial Statements For the year ended 31 December 2020** i ## **ST SIMON ZELOTES, UPPER CHELSEA** ## **ANNUAL REPORT FOR YEAR ENDED 31 DECEMBER 2020** ## **INTRODUCTION** The year ended 31 December 2020 was another eventful year in the life of our parish and one for which we rightly give thanks to God. ## **OBJECTIVES AND ACTIVIES OF THE PCC** The Parochial Church Council of the Church of St Simon Zelotes has the responsibility of co-operating with the Incumbent in promoting within the ecclesiastical parish the whole mission of the church – pastoral, evangelistic, social and ecumenical. When planning our activities for the year, the PCC have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. We try to enable ordinary people to live out their faith as part of our parish community through: Worship and prayer; Provision of pastoral care for people living in the parish; Missionary and outreach work. ## **STRUCTURE, GOVERNANCE AND MANAGEMENT** The Parochial Church Council is a charity registered with the Charity Commission, charity number 1132264. Members of the PCC are either ex officio (i.e. The Vicar, the Wardens, and Deanery Synod Representatives), or elected by the Annual Parochial Church Meeting, or co-opted by the PCC, in accordance with the Church Representation Rules. The Annual Vestry Meetings (which elects the Wardens) and the Annual Parochial Church Meeting were held on the 27 September 2020. The functions and purpose of the PCC are outlined in the Parochial Church Councils (Powers) Measure 1956 as amended and the Church Representation Rules. Decisions are taken by majority vote. The members of the PCC, as trustees, are responsible for the preparation of financial statements, keeping proper accounts and records, safeguarding assets, maintaining the structure of the church buildings in good order, and preventing or detecting fraud. In addition to the church, the PCC has responsibility for the maintenance of the attached church hall. The London Diocesan Fund holds the freehold of the church hall on behalf of the PCC and acts as Custodian Trustee. The church address is 40 Milner Street, London SW3 2QF. The parish office is in the vicarage at 34 Milner Street, London SW3 2QF. ii ## **PCC COMPOSITION** St Simon Zelotes operates under the triennial system for electing lay members to the PCC. From 1 January 2020 to 27 September 2020 (the date of last year’s APCM) the composition of the PCC was as follows: Vicar: Rev’d Mike Neville Curate: Rev’d Dr Philip Stewart Wardens: Edward Rose and Susan Wajih Deanery Synod Representatives: Shayne Pope, Susan Wajih and George Huntley Elected Representatives: Susan Badman, Tim Biggs, Nicholas Dunhill, Henry Farrar-Bell, Faye Grundy, Philip Grundy, Daniel Parnaby, Shannon Stevenson and Albert Yu The table on the next page shows the composition of the PCC from the APCM on 27 September 2020 until 31 December 2020 and from 1 January 2021 to the APCM which is to be held on 23 May 2021 (i.e. immediately prior to the elections). The table also indicates the members’ terms of office under the triennial system and the results of the elections. St Simon’s is entitled to have three lay representatives on the Deanery Synod and twelve PCC lay representatives. iii ## **PCC COMPOSITION AND TERMS OF OFFICE IMMEDIATELY PRIOR TO ANNUAL MEETINGS IN 2021** **----- Start of picture text -----**
Term started Term to Status following
Name at APCM in: end at APCM in 2020
APCM in:
Rev’d Mike Neville - Chairman Ex-officio
Rev’d Dr Philip Stewart - Curate Ex-officio
Churchwardens
Edward Rose 2020 2021 Elected
Susan Wajih 2020 2021 Elected
Deanery Synod
George Huntley 2020 2023 Elected
Philip Grundy 2020 2023 Elected
Susan Wajih 2020 2023 Elected
Elected
Representatives
Susan Badman 2020 2023 Elected
Tim Biggs 2018 2021 Elected
Nicholas Dunhill 2019 2022 Elected
Henry Farrar-Bell 2019 2022 Elected
Faye Grundy 2018 2021 Elected
Philip Grundy 2019 2022 Elected
Kate Castellani 2020 2023 Elected
Shannan Stevenson 2018 2021 Elected
Albert Yu 2018 2021 Elected
Tom Miller 2020 2023 Elected
Shayne Pope 2020 2023 Elected
George Walker 2020 Co-Opted Nov 20
**----- End of picture text -----**
iv ## **MEETINGS OF THE PCC IN 2020** The schedule below lists the PCC meetings held in 2020, together with a note of the main business discussed. ## **20 January 2020** - Mission Action Plan: Knowledge - Refreshing St Simon Web Site - Bishop Graham Visit - London Gospel Partnership Study Day ## **16 March 2020** - Report on Free English Evenings - Fire Risk Assessment - Provision of Music After Nigel’s Departure - Annual Meetings Report ## **18 May 2020** - - APCM Safeguarding Report, Policy Statement and Self-Audit - Annual Report & Accounts - Weekend Away ## **27 July 2020** - Departure of Director of Music - Lessons from Lockdown - Appointment of Music Director for Evening Service ## **21 September 2020** - The St Simon’s Vision ## **27 September 2020** - Deanery Synod Elections - PCC Elections ## **16 November 2020** - Hyndman’s Trust - Sunday School Worker - Further support for St Barnabas Bible Church, Cape Town - Request to Commission a Memorial Window v ## **ACHIEVEMENTS AND PERFORMANCE REPORT ON THE YEAR 2020** ## **MISSION AND VISION** Jesus Christ defined the church’s mission when he commanded ‘make disciples of all nations’ (Matthew 28:19). Our mission is to make disciples of Jesus Christ. Inspired by John Stott’s book ‘The Living Church’ we have identified five ‘Values’ to shape our mission and vision. These are: Knowledge, Love, Worship, Outreach, Stewardship. At the start of 2019 the PCC adopted the ‘St Simon Zelotes Mission Action Plan 2019-2024’, which fleshes out what these five Values mean and some Goals and Strategies which we may follow in order to give these Values practical expression. In all of this our goal is to live out our motto ‘standing firm in the true grace of God’. ## **ACTIVITIES** We recognise that all genuine gospel growth is the work of God by His all-surpassing power. We also recognise that much of the work of God is hidden from our sight and may only be revealed at the Last Day. Especially this is true of that most important work, the renovation of the human heart in the image of Christ. Nevertheless, we are privileged to be ‘co-workers’ with God and, in 2020, we note the following activities among many other ways in which members of the congregation have served: ## **PUBLIC WORSHIP** The St Simon’s morning service follows the Book of Common Prayer and music is provided by a professional Organist and choir, while the evening service is more informal and contemporary in worship style. The Director of Music since 2016, Nigel Orchard, left in April 2020 and moved to Carlisle in the summer of 2020. We are grateful for the energy and enthusiasm that Nigel brought to the role in his time with us. Because the style of music is quite different in the morning and evening we decided to try and appoint two Directors of Music, one for the morning service and one for the evening. I was given Chris Stokes’ name by a clergy colleague and when we met I quickly realised that he would be a very good fit for our evening service. Chris has also had experience of working in Church Administration, so we appointed him to oversee the music at the evening service and to work half a day in the church office. He has fitted into both roles brilliantly. We advertised for a Director of Music for the morning service and had several extremely strong applications. Having made a short list of three candidates we interviewed and appointed Daniel Phillips for the morning service. Daniel is a very fine musician and also understands and shares our philosophy of ministry. Again, he has fitted in brilliantly. We see the music ministry of St Simon’s, morning and evening, as a very important part of our public worship, complementing and supporting the ministry of the exposition of Scripture which lies at the heart of our services. vi The Sunday School continued to thrive, headed-up by Liz Neville assisted by an able and dedicated team of volunteers. We continue to thank God for the children and families served by this important ministry. The Bishop of Kensington encourages churches to give ‘lay people’ the opportunity to preach and lead services from time-to-time, and we have been enthusiastic supporters of this policy. The church has benefited from the gifts of ‘lay’ members of the congregation who have led services and preached during the year. This year was marked, of course, by the various ‘Lockdowns’ that forced us to look at Livestreaming as a way of continuing with some form of corporate worship. Fiona Stewart (wife of our curate Philip Stewart) stepped forward and took a lead in helping us to provide this new form of service, and we are hugely grateful to her for her enterprise and energy. God so often works through set-backs and problems and obstacles and the Lockdowns were no exception. We discovered the value of digital media for mission and ministry. There is a strong trend in society towards doing more and more online (shopping, booking, etc), and the Lockdowns taught us that, though online ministry can never replace face-to-face contact, it does have a lot of potential for fruitful outreach and strengthening of disciples in faith. In the first Lockdown we usually had a total of about one hundred devices logged on to one or other of the services. Because there will often have been more than one person looking at a device, this means that it is reasonable to assume that we had between 120 and 150 people ‘at the services’, a significant increase on our usual attendance. Numbers are not the most important thing, but we pray that they represent the more important spiritual growth which we long for. With Covid infections falling, we resumed ‘in person’ services in July, before stopping them in November for a month. It was a great joy to meet again in person, but we missed the social interaction over coffee at the end of the service and we also longed for congregational singing to resume. We put in place measures to minimise the risk of transmitting the virus and we are thankful to God that we had no known instance of anyone catching Covid 19 from attending a church service. Because we thought that we were likely to continue broadcasting the services for some time, if not permanently, the PCC took the decision to install a broadband connection, a fixed camera and associated equipment. ## **MID-WEEK MINISTRY** We believe in the crucial importance of various mid-week ministries so that our members are supported and encouraged from Monday to Saturday as well as on Sunday. The four mid-week Home Groups give the opportunity to study and reflect on a passage of Scripture and to discuss the way in which it applies to our lives today, and to be a place for friendship and mutual support and prayer. Those who attend again and again say how helpful they find these groups. As with the Sunday services, the groups used online platforms during the Lockdowns. We continued with the monthly ‘Hour of Prayer’ again moving it online in the Lockdowns. We believe that bringing the needs of the wider world but also the ministry of St Simon’s to God in prayer is a vital part of our programme. vii Christianity Explored sets out the Christian answer to the question ‘One Life: what’s it all about?’ and is especially aimed at those who say they are not yet Christians or at Christians who want to re-visit the essential truths at the heart of the faith. We ran two courses in the year, one which started in January, the other in September. Adding to the existing mid-week ministries, we started a mid-week ‘Vicar’s message’ in the first Lockdown. For a few weeks Mike and Liz Neville recorded a weekly video message and Mike started, and has continued, writing a weekly email update to the extended church family ## **PASTORAL CARE** The Lord Jesus told his Apostle Peter, and beyond him all who belong to a church, to ‘take care of my sheep’ and we seek to do that in various ways. The ‘Pastoral Team’ seeks to offer practical help to those in particular needs and alongside that we support one another through the Home Groups, informal networks and relationships, and the Vicar’s pastoral care. We are grateful for a strong sense of community in the church, which was very evident in a ‘Black Tie’ dinner held in the church building just before the start of the Lockdown. Chelsea Pensioner Frank Robbings, who died in 2020, would often say of St Simon’s ‘it is a lovely fellowship’ and it is our hope and prayer that we would live up to that description. The Pastoral Team offers this Report: At the start of the Pandemic the Pastoral Team had to rethink how to support the Church Family, both those we were already supporting and reaching out to more in our community. In March 2020 coordinating with some of ‘the young’ who were extremely keen to help, we organised shopping for those who needed it, which was much appreciated. We have continued throughout to keep in touch by phone, especially with those shielding and vulnerable and living on their own. All are so encouraged by our calls. In Summer 2020 we were able to visit Frank Robbings in the Chapel at The Royal Hospital, plus visits to Elspeth Chowdharay-Best with Mike, for Holy Communion. We continue to send cards, which are always well received. There has been some opportunity to read The Gospel of John with individuals over the phone, which works well. It has been heart-warming to see that since we were allowed back in Church for Sunday Worship, many stronger friendships have developed. Liz Neville, Sophie Butterfield and their Sunday School team have been reaching out to young families and especially to vulnerable children. We continue to learn how to give comfort and encouragement to our Church Family. ## **WEDDINGS** We had a number of weddings planned to take place at St Simon’s in the summer of 2020 and found it deeply frustrating that even small weddings were forbidden in the Lockdown, and that this continued for a while after non-essential retail and re-cycling centres had opened. viii It was difficult for those couples who had planned their wedding and were desperately wanting to begin married life together. Eventually, we were able to hold small weddings and these took place in July, August and September. ## **FREE ENGLISH** This was a new initiative which started in January 2020. The idea is that those who have English as a second language are offered the opportunity for conversation classes to develop their English language skills. The evenings ran on a Tuesday evening from 6.30 – 8 pm with coffee to follow. We had a core of twelve attendees with six regular volunteers from St Simon’s to teach the groups. Those who came were mostly local and mostly women. The following nationalities were represented: Bangladesh, Iran, Morocco, Mongolia, Colombia, Eritrea, Iraq. The vision for this ministry is to reach out as a church to local people. As well as offering free tuition we also hope to develop friendships and pray for opportunities in a loving way to share the good news of Christianity with those who come. When the Lockdown began in March 2020 we had to suspend the evenings, but we very much hope to start again in 2021. ## **SUSSEX HOUSE SCHOOL** Mike acts as honorary Chaplain to Sussex House School, located in Cadogan Square. He takes a service for the whole school every Friday morning in term time and once a term speaks to the top two years on some aspect of Christian faith. He also attends other events such as parents’ meetings, exhibitions, sport events, plays, concerts, the Christmas fayre, the Leavers’ Dinner, Speech Day and Prize Giving, and the Remembrance Day service. The Headmaster took the welcome decision to continue the Friday morning service in the Lockdown and so we recorded a service each Wednesday afternoon in term time which was then broadcast to the whole school community on Friday morning. ## **AWAY GIVING** The policy of the PCC is to support a number of charities with an annual sum of £5000 each. In 2020 we continued to support the following five charities: ‘Home for Good’ working to encourage Christian families to foster and adopt children in care; ‘Elam’, supporting Christian ministry in Iran; St Helen’s Church, North Kensington helping them to pay for a curate who will focus on ministry in the estates in the parish; Alex and Kate Phillips who are looking to work in the Far East as mission partners with Crosslinks; St Barnabas Bible Church in Cape Town with whom we have developed links through their Minister Simon Clegg. We continued to support the work of the Happy Home Orphanage in southern India, via a number of individuals in the congregation who sponsor children and young people to receive an education in a Christian context. In a similar way we support the work of the charity ‘Compassion’ whose motto is ‘releasing children from charity in Jesus’ name’. A number of people, mostly from the evening congregation, sponsor children through the charity. ix ## **MENTORING MINISTRY** In recent years Mike has been asked to offer a ministry of care and guidance and support to individuals who are in training for ministry or who are ordained but are seeking this kind of help. In 2020 Mike was working with 4 individuals in this kind of ministry. ## **FUTURE PLANS** As we look ahead to 2020 we will want to continue with the use of digital media for ministry alongside ‘face to face’ ministry. We will explore running the Christianity Explored course online following good reports on this from other churches. We will probably want to continue to use ‘Zoom’ for at least some more routine business meetings. We hope and pray that we will be able to hold the Church Weekend Away in September 2021, having postponed it from the planned date in September 2020 due to concerns about the Covid Pandemic. We will also need to begin to think, pray and investigate options for appointing a curate following the end of Philip Stewart’s curacy in summer 2022. Many people have reported on the benefits of a simpler life during the Pandemic: fewer activities, less frantic rushing, less travel. This has meant being able to spend more time on those things which are most important in life, such as time with family or prayer. If as a church we cultivate more time for the things that Scripture prioritises and less on nervous wasteful effort, this would surely be a good thing! x ## **FINANCE** The overview of our accounts for 2020 is shown below, with extra subtotals to separate out the re-ordering costs and the ski trip; it includes unrestricted funds and the re-ordering fund: |Income from:
Donations and legacies
Charitable activities
_Less ski trip_
_Church activities subtotal_
Other
Income less ski trip
Regular expenditure
_Less ski trip_
_Regular expenses subtotal_
Re-ordering costs
_Expenditure subtotal_
Net surplus/(deficit)
Funds at 1 January
Funds at 31 December|2020
2019
_Change_
£
£
_£_
_%_
172,023
284,181
_(112,158)_
_-39.5%_
150455
164,496
-
(13,178)
_150,455_
_151,318_
_( 863)_
_-0.6%_
215
722
322,693
436,221
_(113,528)_
_-26.0%_
220,644
236,948
-
(13,178)
_220,644_
_223,770_
_(3,126)_
_-1.4%_
1,916
383,032
_222,560_
_606,802_
100,133
(170,581)
_270,714_
195,777
366,358
295,910
195,777| |---|---| The first line above, Income from Donations and legacies has fallen by £112,158, but much of this relates to donations of £103,750 for the re-ordering fund in 2019. When this is removed from the 2019 figures, Donations and legacies from unrestricted funds (please compare with Note 2) shows a much smaller decrease of £8,408: |Planned giving
Collections
Gift Day
Income tax recoverable
Other donations
Legacies|2020
2019
_Change_
£
£
_£_
_%_
106,565
109,075
_(2,510)_
_-2.3%_
3,664
10,917
_(7,253)_
5,300
12,050
_(6,750)_
23,209
27,562
_(4,353)_
12,133
10,970
_1,163_
21,152
9,857
_11,295_
172,023
180,431
_(8,408)_
_-4.7%_| |---|---| Despite the impact of the Coronavirus, the congregation continued to support the church, primarily using planned giving, and we received some extra planned donations as well. Planned giving by standing order, our preferred way to receive regular donations, actually increased slightly and was 71% (2019: 69%) of total planned giving. As anticipated, planned giving by envelope fell on account of the church being closed during the first lockdown, less use of cash and smaller attendance at services after that; that fall explains the reduction in planned giving above. Although donations on Gift Day were reduced, this was offset by legacies received from the estates of Colonel Henry Brooke, Gillian Constance and John Wyatt. xi A closer look at giving in services shows that overall this fell by 53% or £10,312 for the reasons given above. |Planned giving by envelopes
Collections
Total giving in services|2020
2019
_Change_
£
£
_£_
_%_
5,415
8,474
_(3,059)_
_-36.1%_
3,664
10,917
_(7,253)_
_-66.4%_
9,079
19,391
_(10,312)_
_-53.2%_| |---|---| Philip Stewart is a self-funding curate and we have not had to pay for his accommodation; likewise we did not pay for Charles Thomson’s remuneration or accommodation in 2019. We are very grateful to all who support the ministry of St Simon’s financially (whether directly, through their service or in kind). The net surplus for these funds which the PCC controls was £100,133; the total net surplus was £100,515 including £382 surplus on the Happy Home fund (please see the Statement of Financial Activities and Note 13). We thank the Lord for the chance to build up our reserves in what has been a difficult year for many of us, especially as we seek to expand our ministry locally and through our away giving, and we anticipate roof repairs and extra costs. Details of our expenses for the year are shown in Notes 5 to 8 to the accounts. The overview above shows our regular expenses fell by £3,126, and Notes 6 and 7 give a detailed comparison; a few changes are noted below. Nigel Orchard left as Music Director in April 2020 and although his position was filled by a separate Music Director for morning and evening services, these appointments were not made until later in the year. During the first lockdown, there were no services and no choir; since March 2020, there have also been no refreshments after services and there have been no events. The combined effect was a reduction in Choir and music, Salaries and Church service expenses totalling £7,952. Hall repairs and maintenance increased by £5,140, largely because of work to update the plumbing to ensure greater protection against the possibility of Legionella bacteria. We continued services online from the start of the first lockdown and we are very grateful for Fiona Stewart taking the lead in this. We decided to install broadband in church and she recommended and researched the unobtrusive fixed camera solution which we now have. The expenses for Livestreaming and website and Broadband costs were £3,032 (2019: £230), and we paid a further £6,450 for the camera installation and computer equipment which is recorded within the additions to fixed assets (please see Notes 6 and 9). We also increased our contribution to the Diocesan Common Fund and our grant to St Barnabas Bible Church in Cape Town. The Happy Home restricted fund made a grant of £6,500 in the year (2019: £7,500). ## **Future plans** We had already appointed two Directors of Music, and in January 2021, the PCC appointed Sophie Gallagher to work one day a week to develop the Sunday School. We are very pleased to support these extra salary costs to further our ministry. The PCC has also discussed appointing a curate for after Philip Stewart’s curacy ends in the xii summer of 2022, which is likely to require paying for at least some of their remuneration and providing accommtsjation. We Y￿re advised by our architeds to schedule in the next phase of repairs to our roof following the last quinquennial survey. We decided not to pursue this dunng the Coronavirus restrictions, but we are likely lo make plans aboul this later in 2021. We have also had to make various minor repairs to the organ in recent years and have just cornmissioned thè replaGement of the humidifier. As the Coronavirus restrictions are further eased, we expect the costs of running serVi￿S to increase to more nomial levels. We also intend to continue to livestream the moming Service for the foreseeable future. At the same time, there is some uncertainty about how the economy will recover in the short to medium term and this may affect our voluntary income. Reserves Pollcy Our reserves policy in recent years has been to keep reserves of approximately 500kn of total expenditure from unrestricted funds in the previous year, with allowance for extra to pay for our building work. Using the figures presented above for regular expenditure aDL r funds carried fO￿ard {which cover the deficit in the re-ordering fund), the surplus of rAserves above 50% of our regular expenditure is £185,588 12019.. £77,303). As we dnticipate significant extra costs to maintain our ministry over the next few years, this level of reserves seems reasonable. This report was approved by the PCC on 21 May 2021 and signed on their behalf by.. Rev'd Mike Neville Chairman ST SIMON ZELOTes INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 Ind•pend•nt examlner'i report to th• PCC m•mbern of St Slmon Z•loles1lhe Chu￿ h,) I rep)rt to the PCC members on my examination of the accounts of the church for the year ended 31 December 2020. R￿PonSIbIlItieS and ba•ls of r•port As the PCC members you are responsible lor the preparation of the acxounts in accordan¢x with the requirements of the CharitEs Act 2011 Ilhe 2011 Act'l. I report in iespect of my examination of the church's accounts Carried out under section 145 01 Lne 2011 Act and in carying out my examinatKin I have followed the applic8ble Directions given by the Charity f•.)mmission under sectson 14515}Ibl of the 2011 Act. Indopendont examineV• $t•tement Since the church's gross income exceeded £250,000 your examiner must be a member of a boty listed in section 145 of the 2011 ACL I confirm that l am qualified to undertake the examinabon because l am a rnember of Instrtule of Chartered A(￿untants in England and Wa￿. which is one of the listed bodie8. Your attenb'on is drawn lo the fact that the church has prepared the accounts in accordanc£ wrth Accounting and Reporting by Charit￿.. Stslemenl of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard appluble in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Repo￿.n9 by Charilies. Ststement of Recommended Practice issued on l April 2005 whKh is referred lo in the extsnl regulations but has been wf(hdrawn. l understand that this has been done in order for the accounts to provide a true and fair view in Wirdance wrth the Generalty Accepted Accounting Practice effective for reporting p8riods beginning on or after 1 January 2015. I have completed my examination. I confim) that no matters have come to my attention in eonnectK)n vrti the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the ¢hur¢h as required by section 130 of the 2011 Act.. or the xcounts do not xcord wth Ih05e records.. or the accounts do not comply wrth the applicable ￿quireMents con￿mIng the form al￿ ￿nIent of accounts set out in the Charibes (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue arKI ViV4V which is not a matter consKlered as part of an independent examination. I have no concerns and have come acros5 no other matters in connecbon with the examination to which attenbon should be drawn in this rewrt in order to enable a proper understsnding of the accounts to be reached. This report is made 591ety to the church's PCC members, as a body. in accordance with Part 4 of the Chanties IAccounl$ and Reports) Regulations 2008. My work has been undertaken 50 that I might slate to the church's PCC members those Matters l am required to stsle lo them in an Independent examinerfs report and tor no other purpose. To the fullest extent pemitted by Faw. I do not accept or assurrt responsibility to anyone other Ihan the ¢hur¢h and the church's PCC members as a body, for my work or for this reporL Syned.. Richard Hill H',11 Dated. 21 W ZOL I FCA Grlffin Stone Moscrop & Co Chartered Accountants 21- 27 Lamb's Conduit Street London WC1N 3GS Page 1 **ST SIMON ZELOTES** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020** |**Note**
**Income from:**
Donations and legacies
2
Charitable activities
3
Investments
4
Other income
**Total income**
**Expenditure on:**
Raising funds
Charitable activities
5
**Total expenditure**
**Net (expenditure)/income**
Transfers between funds
13
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2020**
**£**
**6,925**
**-**
**-**
**-**
**6,925**
**-**
**8,459**
**8,459**
**(1,534)**
**6,176**
**4,642**
**(9,038)**
**4,642**
**(4,396)**|**Unrestricted**
**funds**
**2020**
**£**
**172,023**
**150,455**
**177**
**38**
**322,693**
**-**
**220,644**
**220,644**
**102,049**
**(6,176)**
**95,873**
**206,809**
**95,873**
**302,682**|**Total**
**funds**
**2020**
**£**
**178,948**
**150,455**
**177**
**38**
**329,618**
**-**
**229,103**
**229,103**
**100,515**
**-**
**100,515**
**197,771**
**100,515**
**298,286**|_Total_
_funds_
_2019_
_£_
_290,812_
_164,496_
_712_
_10_
_456,030_
_161_
_627,361_
_627,522_
_(171,492)_
_-_
_(171,492)_
_369,263_
_(171,492)_
_197,771_| |---|---|---|---|---| The Statement of financial activities includes all gains and losses recognised in the year. The notes on pages 4 to 22 form part of these financial statements. Page 2 ST SIMON ZELOTES BALANCE SHEET AS AT 31 DECEMBER 2020 2020 2019 Flxed as8•ts Tangible assets 13,797 10,953 13,797 10,953 Current a88ets Debtors Short-term deposits Cash at bank and in hand 10 11 64,047 67N27 186,117 44.242 67.250 123,384 317,591 234,. C￿lIors,. amounts falling due wrthin one year 12 {33,1021 (48,058) Not ¢urront as•ots 284N89 186,818 Total a•8ets 1088 curr•nt Ilabllltlgs 298,286 197, 771 N•1 ass•ts 298.286 197, 771 N•t ass•ts 298.286 197, 771 Charity fund5 Restricted funds Unrestncted funds 13 13 (4,396) 302,682 (9,038) 206,809 Totsl funds 298,286 197, 771 The financial statements were approved and aulhorised for issue by the PCC membefs and signed on their behalf by. R•v. M. Nevill• Date.. li 3•*( The notes on pages 4 to 22 form part of these finan¢ial statements. Page 3 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **1. Accounting policies** ## **1.1 Basis of preparation of financial statements** The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice 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 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. St Simon Zelotes meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy. ## **1.2 Fund accounting** General funds are unrestricted funds which are available for use at the discretion of the PCC members in furtherance of the general objectives of the church and which have not been designated for other purposes. Designated funds comprise unrestricted funds that have been set aside by the PCC members for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements. Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the church for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements. Investment income, gains and losses are allocated to the appropriate fund. Page 4 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **1. Accounting policies (continued)** ## **1.3 Income** All income is recognised once the church has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably. The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the church has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the church, can be reliably measured. Donated services or facilities are recognised when the church has control over the item, any conditions associated with the donated item have been met, the receipt of economic benefit from the use of the church of the item is probable and that economic benefit can be measured reliably. In accordance with the Charities SORP (FRS 102), the general volunteer time of members of the congregation is not recognised. On receipt, donated professional services and facilities are recognised on the basis of the value of the gift to the church which is the amount it would have been willing to pay to obtain services or facilities of equivalent economic benefit on the open market; a corresponding amount is then recognised in expenditure in the period of receipt. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation. Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable. Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service. ## **1.4 Expenditure** Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. Expenditure on charitable activities is incurred on directly undertaking the activities which further the church's mission, as well as any associated support costs. All expenses including support costs and governance costs are allocated to the applicable expenditure headings. Grants payable are charged in the year when the offer is made except in those cases where the offer is conditional, such grants being recognised as expenditure when the conditions attaching are fulfilled. Grants offered subject to conditions which have not been met at the year end are noted as a commitment, but not accrued as expenditure. All expenditure is inclusive of irrecoverable VAT. Page 5 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **1. Accounting policies (continued)** ## **1.5 Tangible fixed assets and depreciation** Consecrated and benefice property of any kind is excluded from the financial statements by section 10(2)(c) of the Charities Act 2011. No value is placed on moveable church furnishings held by the Vicar and churchwardens on special trust for the PCC, which require a faculty for disposal, since the PCC considers this to be inalienable property. For inalienable property acquired prior to 2001 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Items acquired since 1 January 2001 have been capitalised and depreciated in the accounts over their anticipated useful economic life on a straight line basis. All expenditure incurred during the year on consecrated or beneficed buildings or on the repair of movable church furnishings acquired before 1 January 2001 is written off. Depreciation on equipment used within the church premises is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over the useful economic life on a straight line basis between three and seven years. Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, using the straight-line method. ## **1.6 Interest receivable** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the church; this is normally upon notification of the interest paid or payable by the institution with whom the funds are deposited. ## **1.7 Debtors** Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due. ## **1.8 Cash and cash equivalents** Cash at bank and in hand includes cash and short-term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. ## **1.9 Liabilities and provisions** Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably. Page 6 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **1. Accounting policies (continued)** ## **1.10 Financial instruments** The church only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. ## **2. Income from donations and legacies** |Planned giving
Collections
Gift Day
Other donations
Income tax recoverable
Legacies
**Total donations and legacies**|**Restricted**
**funds**
**2020**
**Unrestricted**
**funds**
**2020**
**£**
**£**
5,810
106,565
-
3,664
-
5,300
-
12,133
1,115
23,209
-
21,152
6,925
172,023|**Total**
**funds**
**2020**
**£**
**112,375**
**3,664**
**5,300**
**12,133**
**24,324**
**21,152**| |---|---|---| |||**178,948**| Page 7 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **2. Income from donations and legacies (continued)** |Planned giving
Collections
Gift Day
Other donations
Income tax recoverable
Legacies
_Total 2019_|_Restricted_
_funds_
_2019_
_£_
_96,255_
_-_
_-_
_300_
_13,826_
_-_
_110,381_|_Unrestricted_
_funds_
_2019_
_£_
_109,075_
_10,917_
_12,050_
_10,970_
_27,562_
_9,857_
_180,431_|_Total_
_funds_
_2019_
_£_
_205,330_
_10,917_
_12,050_
_11,270_
_41,388_
_9,857_| |---|---|---|---| ||||_290,812_| ## **3. Income from charitable activities** |**Unrestricted**
**funds**
**2020**
**£**
Nursery school income
144,918
Income from weddings, funerals and baptisms
5,537
Ski trip
-
**Total 2020**
150,455
_Unrestricted_
_funds_
_2019_
_£_
Nursery school income
_145,607_
Income from weddings, funerals and baptisms
_5,711_
Ski trip
_13,178_
_Total 2019_
_164,496_|**Total**
**funds**
**2020**
**£**
**144,918**
**5,537**
**-**| |---|---| ||**150,455**| ||_Total_
_funds_
_2019_
_£_
_145,607_
_5,711_
_13,178_| ||_164,496_| Page 8 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **4. Investment income** |**Unrestricted**
**funds**
**2020**
**£**
Bank Interest
177
_Unrestricted_
_funds_
_2019_
_£_
Bank Interest
_712_|**Total**
**funds**
**2020**
**£**
**177**| |---|---| ||_Total_
_funds_
_2019_
_£_
_712_| Page 9 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **5. Analysis of expenditure on charitable activities** ## **Summary by fund type** |Church and ministry costs
Church hall costs
**Total 2020**
Church and ministry costs
Church hall costs
_Total 2019_|**Restricted**
**funds**
**2020**
**Unrestricted**
**funds**
**2020**
**£**
**£**
8,459
202,789
-
17,855
8,459
220,644
_Restricted_
_funds_
_2019_
_Unrestricted_
_funds_
_2019_
_£_
_£_
_372,341_
_240,909_
_-_
_14,111_
_372,341_
_255,020_|**Total**
**funds**
**2020**
**£**
**211,248**
**17,855**| |---|---|---| |||**229,103**| |||_Total_
_funds_
_2019_
_£_
_613,250_
_14,111_| |||_627,361_| ## **Summary by expenditure type** |Church and ministry costs
Church hall costs
**Total 2020**|**Staff costs**
**2020**
**Depreciation**
**2020**
**£**
**£**
21,150
4,173
-
-
21,150
4,173|**Other costs**
**2020**
**£**
185,925
17,855
203,780|**Total**
**funds**
**2020**
**£**
**211,248**
**17,855**| |---|---|---|---| ||||**229,103**| Page 10 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **5. Analysis of expenditure on charitable activities (continued)** ## **Summary by expenditure type (continued)** |Church and ministry costs
Church hall costs
_Total 2019_|_Staff costs_
_2019_
_£_
_23,781_
_-_
_23,781_|_Depreciation_
_2019_
_£_
_3,069_
_-_
_3,069_|_Other costs_
_2019_
_£_
_586,400_
_14,111_
_600,511_|_Total_
_funds_
_2019_
_£_
_613,250_
_14,111_| |---|---|---|---|---| |||||_627,361_| ## **6. Analysis of expenditure by activities** |Church Ministry
Church hall costs
**Total 2020**
Church and ministry costs
Church hall costs
_Total 2019_|**Activities**
**undertaken**
**directly**
**2020**
**£**
148,930
17,855
166,785
_Activities_
_undertaken_
_directly_
_2019_
_£_
_550,965_
_14,111_
_565,076_|**Grant**
**funding of**
**activities**
**2020**
**£**
34,200
-
34,200
_Grant_
_funding of_
_activities_
_2019_
_£_
_32,700_
_-_
_32,700_|**Support**
**costs**
**2020**
**£**
28,118
-
28,118
_Support_
_costs_
_2019_
_£_
_29,585_
_-_
_29,585_|**Total**
**funds**
**2020**
**£**
**211,248**
**17,855**| |---|---|---|---|---| |||||**229,103**| |||||_Total_
_funds_
_2019_
_£_
_613,250_
_14,111_| |||||_627,361_| Page 11 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **6. Analysis of expenditure by activities (continued)** ## **Analysis of direct costs** |Salaries
Depreciation
Diocesan Common Fund
Diocesan fees
Clergy and vicarage expenses
Ministry and training material
Church service expenses
Church events
Insurance
Repairs and maintenance
Building development costs
Running expenses
Other charitable donations
Choir and music
Loss on disposal of fixed assets
Livestreaming and website
Broadband Costs
Sundry, including gifts
**Total 2020**|**Church and**
**ministry**
**costs**
**2020**
**£**
6,550
4,173
90,000
1,510
4,689
824
1,563
301
4,551
2,230
3,122
8,399
500
17,354
(32)
2,440
592
164
148,930|**Church hall**
**costs**
**2020**
**£**
-
-
-
-
-
-
-
-
679
7,014
-
10,162
-
-
-
-
-
-
17,855|**Total**
**funds**
**2020**
**£**
**6,550**
**4,173**
**90,000**
**1,510**
**4,689**
**824**
**1,563**
**301**
**5,230**
**9,244**
**3,122**
**18,561**
**500**
**17,354**
**(32)**
**2,440**
**592**
**164**
**166,785**| |---|---|---|---| Page 12 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **6. Analysis of expenditure by activities (continued)** ## **Analysis of direct costs (continued)** |Salaries
Depreciation
Diocesan Common Fund
Diocesan fees
Clergy and vicarage expenses
Ministry and training material
Church service expenses
Church events
Insurance
Repairs and maintenance
Building development costs
Running expenses
Curate's accommodation
Other charitable donations
Choir and music
Sound system
Loss on disposal of fixed assets
Livestreaming and website
Ski trip
Sundry, including gifts
_Total 2019_|_Church and_
_ministry_
_costs_
_2019_
_£_
_9,500_
_3,069_
_87,000_
_1,090_
_5,293_
_985_
_3,539_
_72_
_4,621_
_3,508_
_364,799_
_9,663_
_2,562_
_2,450_
_20,380_
_18,374_
_4_
_230_
_13,178_
_648_
_550,965_|_Church hall_
_costs_
_2019_
_£_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_689_
_1,874_
_-_
_11,548_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_14,111_|_Total_
_funds_
_2019_
_£_
_9,500_
_3,069_
_87,000_
_1,090_
_5,293_
_985_
_3,539_
_72_
_5,310_
_5,382_
_364,799_
_21,211_
_2,562_
_2,450_
_20,380_
_18,374_
_4_
_230_
_13,178_
_648_| |---|---|---|---| ||||_565,076_| Page 13 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **6. Analysis of expenditure by activities (continued)** ## **Analysis of support costs** |Salaries
Printing, postage and stationery
Computer costs
Bank charges
Telephone costs
Accounting assistance
Legal and professional
Governance costs - independent examination
**Total 2020**
Salaries
Printing, postage and stationery
Computer costs
Bank charges
Other administration costs
Telephone costs
Accounting assistance
Legal and professional
Governance costs - independent examination
_Total 2019_|**Church**
**activities**
**2020**
**£**
14,600
1,723
1,603
134
764
5,594
1,240
2,460
28,118
_Church_
_activities_
_2019_
_£_
_14,281_
_1,996_
_1,723_
_121_
_48_
_731_
_8,305_
_40_
_2,340_
_29,585_|**Total**
**funds**
**2020**
**£**
**14,600**
**1,723**
**1,603**
**134**
**764**
**5,594**
**1,240**
**2,460**| |---|---|---| |||**28,118**| |||_Total_
_funds_
_2019_
_£_
_14,281_
_1,996_
_1,723_
_121_
_48_
_731_
_8,305_
_40_
_2,340_| |||_29,585_| Page 14 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **7. Analysis of grants** |Grants to institutions
Grants to institutions|**Grants to**
**Institutions**
**2020**
**£**
34,200
_Grants to_
_Institutions_
_2019_
_£_
_32,700_|**Total**
**funds**
**2020**
**£**
**34,200**| |---|---|---| |||_Total_
_funds_
_2019_
_£_
_32,700_| The church has made the following material grants to institutions during the year: |**Name of institution**
Crosslinks
Elam Ministries
Home for Good
St Barnabas Bible Church, Cape Town
St Helen's Church, North Kensington
Happy Home Orphanage, Southern India|**2020**
**£**
**5,200**
**5,000**
**5,000**
**7,500**
**5,000**
**6,500**
**34,200**
**34,200**|_2019_
_£_
_5,200_
_5,000_
_5,000_
_5,000_
_5,000_
_7,500_| |---|---|---| |||_32,700_| |||| |||_32,700_| Page 15 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **8. Staff costs** |Wages and salaries|**2020**
**£**
**21,150**
**21,150**|_2019_
_£_
_23,781_| |---|---|---| |||| |||_23,781_| The average number of persons employed by the church during the year was as follows: |Ministry
Administration|**2020**
**No.**
**1**
**1**
**2**|_2019_
_No._
_1_
_1_| |---|---|---| |||| |||_2_| No employee received remuneration amounting to more than £60,000 in either year. The church employs two Directors of Music (formerly one covering both services; from November 2020 one Director of Music for each service) and a Parish Administrator. The PCC members are considered the key management personnel of the church. The church contributes to the Diocesan Common Fund and the incumbent is remunerated directly by the Diocese. Page 16 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **9. Tangible fixed assets** |**Cost or valuation**
At 1 January 2020
Additions
Disposals
At 31 December 2020
**Depreciation**
At 1 January 2020
Charge for the year
On disposals
At 31 December 2020
**Net book value**
At 31 December 2020
_At 31 December 2019_
**Debtors**
**Due within one year**
Other debtors
Prepayments
Income Tax recoverable|**Office**
**equipment**
**£**
**28,719**
**5,934**
**(140)**
**34,513**
**18,038**
**3,887**
**(3)**
**21,922**
**12,591**
_10,681_||**Computer**
**equipment**
**£**
**3,362**
**1,220**
**-**
**4,582**
**3,090**
**286**
**-**
**3,376**
**1,206**
_272_
**2020**
**£**
**37,034**
**2,689**
**24,324**
**64,047**|**Total**
**£**
**32,081**
**7,154**
**(140)**
**39,095**
**21,128**
**4,173**
**(3)**
**25,298**
**13,797**
_10,953_
_2019_
_£_
_2,493_
_2,661_
_39,088_
_44,242_| |---|---|---|---|---| |||||| |||||| |||||| |||||| |||||| |||||| ## **10. Debtors** Page 17 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **11. Short Term Deposits** ||**2020**|_2019_| |---|---|---| ||**£**|_£_| |Short Term Deposits|**67,427**|_67,250_| ## **12. Creditors: Amounts falling due within one year** |Trade creditors
Other taxation and social security
Other creditors
Accruals and deferred income|**2020**
**£**
**2,058**
**322**
**1,415**
**29,307**
**33,102**|_2019_
_£_
_18,685_
_262_
_429_
_28,682_| |---|---|---| |||| |||_48,058_| Page 18 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **13. Statement of funds** ## **Statement of funds - current year** |**Unrestricted funds**
**Designated funds**
Designated Funds
**General funds**
General Funds
**Total Unrestricted funds**
**Restricted funds**
Happy Home Mission
Re-ordering Fund
**Total of funds**|**Balance at 1**
**January**
**2020**
**£**
**67,250**
**139,559**
**206,809**
**1,994**
**(11,032)**
**(9,038)**
**197,771**|**Income**
**£**
**177**
**322,516**
**322,693**
**6,925**
**-**
**6,925**
**329,618**|**Expenditure**
**£**
**-**
**(220,644)**
**(220,644)**
**(6,543)**
**(1,916)**
**(8,459)**
**(229,103)**|**Transfers**
**in/out**
**£**
**-**
**(6,176)**
**(6,176)**
**-**
**6,176**
**6,176**
**-**|**Balance at**
**31**
**December**
**2020**
**£**
**67,427**
**235,255**
**302,682**
**2,376**
**(6,772)**
**(4,396)**
**298,286**| |---|---|---|---|---|---| The Designated Fund is an unrestricted fund whose assets are primarily held as short term deposits and are available for general use. The Happy Home Fund is a restricted fund used to sponsor children at the Happy Home Orphanage in Ooty, Tamil Nadu, in Southern India. The Re-ordering Fund is a restricted fund for the re-ordering of the church, and any residual assets can be used for other church fabric projects. The deficit at 31 December 2020 relates to creditors for the reordering project, and will be covered by a fund transfer in 2021. Page 19 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **13. Statement of funds (continued)** ## **Statement of funds - prior year** |**Unrestricted funds**
**Designated funds**
Designated Funds
**General funds**
General Funds
**Total Unrestricted funds**
**Restricted funds**
Happy Home mission
Re-ordering fund
**Total of funds**|_Balance at_
_1 January_
_2019_
_£_
_321,656_
_44,372_
366,028
_2,905_
_330_
3,235
_369,263_|_Income_
_£_
_712_
_344,937_
345,649
_6,631_
_103,750_
110,381
_456,030_|_Expenditure_
_£_
_-_
_(255,181)_
(255,181)
_(7,542)_
_(364,799)_
(372,341)
_(627,522)_|_Transfers_
_in/out_
_£_
_(255,118)_
_5,431_
_(249,687)_
_-_
_249,687_
_249,687_
_-_|_Balance at_
_31_
_December_
_2019_
_£_
_67,250_
_139,559_
_206,809_
_1,994_
_(11,032)_
_(9,038)_
_197,771_| |---|---|---|---|---|---| Page 20 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **14. Summary of funds** ## **Summary of funds - current year** |Designated funds
General funds
Restricted funds|**Balance at 1**
**January**
**2020**
**£**
**67,250**
**139,559**
**(9,038)**
**197,771**|**Income**
**£**
**177**
**322,516**
**6,925**
**329,618**|**Expenditure**
**£**
**-**
**(220,644)**
**(8,459)**
**(229,103)**|**Transfers**
**in/out**
**£**
**-**
**(6,176)**
**6,176**
**-**|**Balance at**
**31**
**December**
**2020**
**£**
**67,427**
**235,255**
**(4,396)**
**298,286**| |---|---|---|---|---|---| ## **Summary of funds - prior year** |Designated funds
General funds
Restricted funds|_Balance at_
_1 January_
_2019_
_£_
_321,656_
_44,372_
_3,235_
_369,263_|_Income_
_£_
_712_
_344,937_
_110,381_
_456,030_|_Expenditure_
_£_
_-_
_(255,181)_
_(372,341)_
_(627,522)_|_Transfers_
_in/out_
_£_
_(255,118)_
_5,431_
_249,687_
_-_|_Balance at_
_31_
_December_
_2019_
_£_
_67,250_
_139,559_
_(9,038)_
_197,771_| |---|---|---|---|---|---| Page 21 **ST SIMON ZELOTES** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020** ## **15. Analysis of net assets between funds** ## **Analysis of net assets between funds - current period** |Tangible fixed assets
Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2020**
**Unrestricted**
**funds**
**2020**
**£**
**£**
-
13,797
2,746
314,845
(7,142)
(25,960)
(4,396)
302,682|**Total**
**funds**
**2020**
**£**
**13,797**
**317,591**
**(33,102)**
**298,286**| |---|---|---| ## **Analysis of net assets between funds - prior period** |Tangible fixed assets
Current assets
Creditors due within one year
**Total**|_Restricted_
_funds_
_2019_
_£_
-
14,744
(23,782)
(9,038)|_Unrestricted_
_funds_
_2019_
_£_
10,953
220,132
(24,276)
206,809|_Total_
_funds_
_2019_
_£_
_10,953_
_234,876_
_(48,058)_
_197,771_| |---|---|---|---| ## **16. Related party transactions** N Dunhill & Co, a business controlled by Nicholas Dunhill, a PCC Member, charged £5,306 (2019 - £8,017) for accountancy services provided to the church for the year. Nicholas also charged £963 for assistance with website changes, livestreaming and church broadband installation in the year (2019 - £nil). Total donations made to the church by PCC members during the year amounted to £29,720 (2019 - £38,299), including Gift Aid where appropriate. An immediate family member of Philip Grundy, a PCC member, is employed by Elam, a charity to which St Simon Zelotes made a donation of £5,000 (2019 - £5,000). Philip did not take part in the decision making process for choosing Elam. Page 22