2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Holy Cross, Felsted

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Incumbent:	Rev'd Colin JTaylor
Wardensr	Mr G Kelly	[2020)
	Dr M Sweeting	[2020)

Mrs E Mellish	[2017)		resigned	April 2020
Mrs A-D Beaton	[2017)		resigned	April 2020
Mr R Bazlinton	[2018]
Dr J Mackin	[2018]	Child Protection Officer
Dr GAnderson-Taylor	[2019]	Vice Chairman
Mrs G Kirk	[2019]		resigned	September 2020
Mrs A Little	[2019]
Mr M Crouch	[2020)		appointed	May 2020
Miss R Quilter	[2020)		appointed	May 2020
Mrs J Smylie	[2020]
Mr JTredwell	[2020]	Treasurer
Miss VWallace	[2020]	Secretary

								TOTAL	TOTAL
			General	Designated		Restricted	Endowment	FUNDS	FUNDS
			Fund	Funds		Funds	Funds	2020	2019
		Notes	f				f	f
INCOME AND ENDOWMENTS from:
Donations, Legacies and	Grants	2a	95,783	11,617		9,738		117,138	100,266
Charitable Activities		2b	2,383	180				2,563	3,647
Trading Activities		2c,6	22,670					22,670	7,515
Income from Investments		2d	421	2,115		175		2,711	2,904
Other Income		2e							17,900
Total Income			121,257	13,912		9,913		145,082	132I232
EXPENDITURE on:
Cost of Raising Funds		3a							(51)
Charitable Activities		3b	(93,316)	(7,258)		(570)		(101,144)	(116,875)
Trading Activities		3c,6	(23,451)			(553)		(24,004)	(7,029)
Other Expenditure		3d				(1,455)		(1,455)	(4,173)
Total Expenditure			(116,767)	(7,258)		(2,578)		(126,603)	(128,128)
Net Income / (Expenditure)
resources before transfers			4,490	6,654		7,335		18,479	4,104
TRANSFERS		7
Gross transfers between	funds —in			3,197				3,197	5,940
Gross transfers between	funds- out		(3,197)					(3,197)	(5,940)
OTHER RECOGNISED GAINS/ (LOSSES/
Increase/(Reduction) in	Value of	8					1,761	1,761	3,632
investments
Net movement in funds			1,293	.9,851	~	7,335	1,761	20,240	7,736
RECONCILIATION OFFUNDS
Total funds brought forward			28,462	166,613		35,911	21,778	252,764	245,028
Total funds carried forward			29,755	176,464		43,246	23,539	273,004	252,764

As at 31"December	2020
								TOTAL	TOTAL
			General	Designated	Restricted		Endowment	FUNDS	FUNDS
			Fund	Funds	Funds		Funds	2020	2019
		Notes	E				E	E
FIXEDASSETS
Investments							23,464	23,464	21,703
Total Fixed Assets							23,464	23,464	21,703
CURRENT ASSETS
Debtors		9a	4,111	26		205		4,342	7,335
Cash at bank and in	hand	9b	25,644	176,438	43,041		75	245,198	249,384
Total Current Assets			29p755	176,464	43,246		75	249,540	256,719
CURRENT LIABILITIES
Creditors: amounts	falling	due
in one year		10							(25,658)
Net Current Assets			29,755	176p464	43,246		75	249,540	231,061
Total Net Assets			29,755	176,464	43,246		23,539	273,004	252,764
Represented by:
Unrestricted Funds		11	29,755					29,755	28,462
Designated Funds				176,464				176,464	166,613
Restricted Funds					43,246			43,246	35,911
Endowment Funds		11,12					23,539	23,539	21,778
Total Funds			29,755	176,464	43,246		23,539	273,004	252,764
Approved by the parochial		Church Council at the		Ss AfrVL2021meeting		and	signed on its	behalf by

2. INCOME and END	OWMENTS
						TOTAL	TOTAL
		General	Designated	Restricted	Endowment	FUNDS	FUNDS
		Fund	Funds	Funds	Funds	2020	2019
		f	f	f	f	f	f
2a. Donations, Legacies and Grants
Planned Giving		72,515	420	3,290		76,225	70,282
Income Tax Recoverable		17,845	105	848		18,798	18,767
Plate Collections at Services		1,332				1,332	6,434
Sundry Donations	and Appeals	4,091		4,600		8,691	3,588
Legacies			11,092	1,000		12,092
Grants							1,195
Total		95,783	11,617	9,738		117,138	100p266
2b.Charitable Activities
Fund Raising: Coffee Mornings						3	50
Fees for Weddings	and Funerals	2,380	180			2,560	3,597
Total		2,383	180			2,563	3,647
2c.Trading Activities
Magazine							2,994
Smylie Hall Hire Fees		1,601				1,601	2,708
Away Weekend		20,464				20,464
2020 Events		569				569
Christmas Pudding	Evening						601
Merchandise		36				36	852
Youth Camp							360
Total		22,670				22,670	7,515
2d. Income from Investments
Dividends		399				399	387
Bank and other interest		22	2,115	175		2,312	2,517
Total		421	2,115	175		2,711	2,904
2eOther Income
Insurance Claim							17,800
Sale offixed asset							100
Total							17,900
Total Income and	Endowments	121,257	13,912	9,913		145,082	132,232

3. Expenditure
								TOTAL	TOTAL
				General	Designated	Restricted	Endowment	FUNDS	FUNDS
				Fund	Funds	Funds	Funds	2020	2019
			Note	E	E	E	E	E
3a.Cost of Raising Funds
Stewardship Costs									51
Total									51
3bCharitable Activities
Mission and Charitable		Giving	4	9,400				9,400	12,875
Family Purse				69945				69,945	67,509
Clergy Expenses				593				593	1,176
Mission / Outreach				709	177			886	1,653
Service Expenses			5	4,638				4,638	5,723
Utility Expenses				2,469				2,469	2,544
Insurance				2,685				2,685	2,659
Administration Costs				558				558	288
Equipment				699		570		1,269	584
Church Repairs and	Maintenance			1,620	6,991			8,611	17,542
Vicarage Repairs and Maintenance					90			90	4,322
Total				93,316	7,258	570		101,144	116,875
3c.Trading Activities
Magazine									1,584
Smylie Hall				884		553		1,437	3,354
Away Weekend				21,447				21,447
Youth Camp									669
2020 Events				1,120				1,120
Christmas Pudding	Evening								580
Merchandise									842
Total				23,451		553		24,004	7,029
3d.Other Expenditure
Church —Repairs / Alterations									2,823
Smylie Hall —Repairs / Additions						1,455		1,455	1,350
Total Other Expenditure						1,455		1,455	4,173
Total Expenditure				116,767	7,258	2,578		126,603	128,128

General Giving' came from	the following are
	E
Planned giving	66,472
Tax thereon	~17244
Sub-total	83,716
Plate Collection	6,434
Other Donations	1,168
Magazine Profit	1,410
PCC Fees	2,857
Interest	390
Total	95,975

The distribution	of	10N (E9,597)ofGeneral Giving	10N (E9,597)ofGeneral Giving	and	one-off anonymous	one-off anonymous	donations	totalling E2,000were, as follows:
							2020	2019
							E	E
Overseas	Mission: Crosslinks 'Project Timothy'					(Serbia)	3,000	3,000
			Open Doors				1,400	1,400
			Dan &Adrie van Aswegen		(Zambia)		2,400	1,400
Home Mission;			Edward Fenning Theological			Training (part)		2,940
			lain Lingwood Theological		Training		2,000
			SASRA				300	300
			CPAS (our patron)				300	300
			Sub-Total				9,400	9,340
			Giving Reserve (still to	be allocated)			2,197
			Total				11,597	9,340
In addition, donations			were made during the year	from		the Mission Giving	Reserve,	as follows:
							2020	2019
							E	E
Balance	brought forward being Unallocated			Giving from 2019			171	561
Home Mission:			Edward Fenning Theological			Training (part)		(60)
			Edward Fenning Away	Weekend				(330)
Unallocated		Giving from 2020					2 197
Balance	carried		forward being Net Unallocated			Giving	2,368	171

2020		Income	Expenditure	Net Result
		E	E	E
Smylie	Hall	1,601	(884)	717
Away	Weekend	20,464	(21,447)	(983)
2020 Events		569	(1,120)	(SS1)
Merchandise		36		36
Total		22,670	(23,431)	(781)

		General	Designated	Restricted	Endowment	TOTAL
		Fund	Funds	Funds	Funds	2020
		E	E	E	E	E
Year End	Transfers Between Funds
Charitable	Giving	(2,197)	2,197
Vicarage	Fund	(1,000)	1,000
Total		(3,197)	3,197

	General	Designated	Restricted	Endowment	TOTAL
	Fund	Funds	Funds	Funds
	E	E	E	E	E
Market value 1"January 2020				21,703	21,703
Net gains on revaluation				1,761	1,761
Market Value 31"December 2020				23,464	23,464

			General	Designated	Restricted	Endowment	TOTAL	TOTAL
			Fund	Funds	Funds	Funds	2020	2019
			f	E	f	f		f
9a)	Debtors less than one year
	Tax recoverable		4,111	26	205		4,342	3,971
	Debtors —St Mary' s, Little Dunmow							291
	Prepayments —Action Centres	UK						2,800
	Colin Buchanan							273
	Total		4,111	26	205		4,342	7,335
9b)	Cash at bank and in hand
	CAF Bank		5,622	18,802	12,383	75	36,882	72,095
	On Demand
	Shawbrook Bank			56,202	20,647		76&849	76,237
	60 Day Notice
	Kingdom Bank		20,022		10,011		30,033
	90Day Notice
	United Trust Bank			26,434			26,434	26,052
	220 Day Notice
	Cambridge &Counties Bank			75,000			75,000	75,000
	12 Month Fixed Term to
	14'"December 2021
	Total		25,644	176,438	43,041	75	245,198	249&384

		General	Designated	Restricted	Endowment	TOTAL	TOTAL
		Fund	Funds	Funds	Funds	2020	2019
		f	E	E		E	f
Creditors due in	under one year
Mission Giving:	Fanning						(6,000)
Away Weekend	2020						l19,658)
Total							(25,658)

11.Statement	offunds
		Bal b/fwd	Income	Expenditure	Gains/(Losses)	Bal c/fwd
		1Jan 2020			and Transfers	31Dec 2020
		f.			E	E
Unrestricted
General Fund		28,462	121,257	(116,767)	(3,197)	29,755
Total		28,462	121,257	(116,767)	(3,197)	29'755
Designated
Church Fabric	Fund	8,895	10,000	(6,991)		11,904
Esme McGee Fund		148,813	3,166			151,979
Mission Giving		171			2,197	2,368
Verger Fund		1,365	180			1,545
Vicarage Fund		774		(90)	1,000	1,684
Youth Fund		6,595	566	(177)		6,984
Total		166,613	1' 912	(7,258)	3,197	176,464
Restricted
Bell Fund		7,093	266			7,359
Choir Fund		524				524
Clock Fund		732				732
Church Fabric	Fund	13,866	3,173			17,039
Hardship Fund			4,500			4,500
Hall Fabric Fund		13,656	1,974	(2,578)		13,052
Organ Fund		40				40
Total		35,911	9p913	(2,578)		43,246
Endowment
General Bequest		1,552			107	1,659
Hutley Bequest		2,358			162	2,520
Baker Bequest		1,572			108	1,680
Alan 8 Barbara Payne Bequest—		7,833			539	8,372
Tithe Chancel	(Tithe Act 1936)-	8,388			845	9,233
Trow Bequest	—Cash	75				75
Total		21,778			1,761	23,539
Total Funds		252,764	145~082	(126~603)	1~761	273,004

Endowment, Investm	ents and	Bequests
				2020	2019
			Cost	Market Value	Market Value
			E		E
General Fund	(81CBFIFshares)		100	1,659	1,552
Hutley Bequest	(123CBFIF	shares)	152	2,520	2,358
Baker Bequest	(82 CBFIFshares)		102	1,680	1,572
Payne Bequest	(408.63 CBFIFshares)		5,000	8,372	7,833
Total CBFIFshares			5,354	14,231	13,315
Tithe Chancel Trust	(450.66CBFIFshares)		82	9,233	8,388
Total Investments			5,436	23,464	21,703
Trow Bequest (cash)			75	75	75
Total Endowments,	Investments	and Bequests		23,539	21,778