2020-12-31-accounts

				Page
Trustees' annual report
independent examiner's report		to the trustees
Statement offinancial	activities
Statement offinancial	position			10
Notes to the financial	statements
The following pages	do not form part of		the financial statements
Detailed statement offinancial		activities		30
Notes to the detailed	statement	offinancial	activities	32

The trustees present	The trustees present	The trustees present	their report	and the unaudited financial	and the unaudited financial	statements	of	the charity for	the year
ended 31 December			2020.
ADMINISTRATIVE		INFORMATION
PCC members who		served between			1"January 2020 and 31"December		2020are:
ONce					Name			Re~lection	date
ExOiffcio Members
Incumbent					Rev Geoff Sowden				n/a
Curate					Rev Emily Swinerd				n/a
Churchwarden					Mrs Pam Linfield				2021
Churchwarden					Mr Phil Sapwell				2021
Deanery Synod			Rep		Mrs Helen Weaver				2023
Deanery Synod			Rep		Mrs Bobby Bailey				2023
Eiected Members	(elections are fora three-year term)
Member					Mrs Bobby Bailey				2021
Member					Mrs Ruth Huband	(Safeguarding		Officer)	2021
Member					Mr Stephen Fasham (PCC 7reasursr)				2021
Member					Mrs Julia Bishop				2023
Member					Mrs Helen Weaver				2023
Member					Mr Peter Croton				2023

		Statement of Year ended	Financial Activities 31 December 2020	Financial Activities 31 December 2020
			2020			2019
		Unrestricted	Restricted	Endowment
		funds	funds	funds	Total funds	Total funds
	Note	6	6	6	K	K
Income and endowments
Donations and legacies	4	126,870	27,532		154,402	860,675
Charitable activities	5	10,644			10,644	24,903
Other trading activities	6	774			774	1,815
Investment income	7	558	413		970	1,056
Total income		138,846	27,945		166,790	888,649
Expenditure
Expenditure on
charitable acgvities	8,9	143,422	58,218		201,639	908,492
Total expenditure		143,422	58,218		201,639	908,492
Net expenditure		(4,576)	(30,273)		(34,649)	(19,843)
Transfers between funds		10,743	(10,743)
Other recognised gains	and	losses
Coal Fund investment gain				(1,435)	(1835)	1,178
StMichael's Church Fabric
Fund investment gain				2,557	2,557	840
Inglesham Church Fabric
Fund investment gain				500	500	109
Net movement In funds		6,167	(41,016)	1,622	(33,227)	(17,716)
Reconciliation offunds
Total funds brought forward		39,901	83,315	24,184	147,400	165,116
Total funds carried forward		46,068	42,299	25,806	114,173	147,400

		Note	f	2020		2019 E
Fixed assets
Tangible fixed assets		15			17,696	16,873
Investments		16			25,806	24,183
					43,502	41,056
Current assets
Debtors		17	37,053			44,610
Cash at bank and in	hand		53,838			64,882
			90,891			109,492
Creditors: amounts	falling due within one year	18	20,220			3,148
Net current assets					70,671	106,344
Total assets less current liabilities					114,173	147,400
Net assets					114,173	147,400
Funds ofthe charity
Endowmentfunds					25,806	24,184
Restricted funds					42,299	83,315
Unrestricted funds					46,068	39,901
Total charity funds		20			114,173	147,400

Donations and	legacies
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
					6
Donations
Planned gsnng			70,422		70,422
Tax recoverable			18,467	(9)	18,458
Open plate collections			369		369
Collections and	donations	for mission	90	3,245	3,335
Other donations	for church	purposes	11,955	14,952	26,907

				Unrestricted	Restricted	Total Funds
				Funds f	Funds f	2020 f
Grants
Grants				23,806	5,974	29,780
Conbibutions	from other churches			761		761
Government	grant income			1,000	3,370	4,370
				126,870	27,532	154,402
				Unrestricted	Restricted	Total Funds
				Funds f	Funds F	2019 f
Donations
Planned giving Tax recoverable				73,395 20,989	2,724	71,047 23,713
Open plate	collections			1,167		1,167
Collections	and	donations	for mission	905	2,857	3,762
Other donations		for church	purposes	10,378	706,488	716,866
Grants
Grants					43,439	43,439
Contributions	from other churches			881		881
Government	grant income
				107,715	755,508	860,875

		Unrestricted	Total Funds	Unrestricted	Total Funds
		Funds F	2020 f	Funds f	2019
Church	Room rents	485	485	1,774	1,774
Church	hall rents	2,776	2,776	11,603	11,603
Wedding	and funeral fees	7,383	7,383	11,526	11,526
		10,644	10,644	24,903	24,903

Other trading activities
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2020 f	Funds f	2019 f
Fund raising	234	234	1,288	1,288
Floodlighting	540	540	527	527
	774	774	1,815	1,815

Year ended 31 Investment income	December 2020
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2020
	B	F	B
Income from listed investments	536	334	969
Bank interest receivable	22		22
Building society interest receivable		79	79
		413	970
	Unrestricted	Restricted	Total Funds
	Funds	Funds E	2019 f
Income from listed investments	523	413	937
Bank interest receivable	27		27
Building society interest receivable		92	92
	550	505	1,056

Expenditure on cha	ritabl	e activities by fun	d type
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
			6	8	8
Secular charities			1,059	10,244	11,303
Youth project			2,500	21,505	24,005
Ministry			77,547		77,547
Church running expenses			14,618		14,618
Church maintenance			1,593	832	2,424
Upkeep ofservices Church hall			1,281 5,389		1,281 5,389
Vicars expenses			921		921
Church room			4,343		4,343
Major repairs Other clergy expenses Moveable furnishing and Curate's accommodation		equipment costs	857 13,200	25,455 205	25,455 857 205 13,200
Support costs			20,114	(23)	20,091
			143,422	58,218	201,839
			Unrestricted	Restricted	Total Funds
			Funds	Funds 6	2019 f
Secular charities				9,258	9,258
Youth project Ministry Church running expenses Church maintenance			81,518 15,172 834	28,505 832	28,505 79,170 15,172 1,666
Upkeep of services Church hall			1,455 10,571	2,299	3,754 10,571
Vicars expenses Church room			2,020 5,661		2,020 5,661
Major repairs Other clergy expenses Moveable furnishing and		equipment	398 976 361	730,501	730,899 976 361
Curate's accommodation		costs
Support costs			18,357	2,121	20,479
			137,323	773,516	908,492

			Activities
			undertaken	Grant funding	Support	Total funds	Total fund
			directly	ofactivities	costs	2020	2019
			6	F		6
Secular charities			11,303			11,303	9,258
Youth project			24,005			24,005	28,505
Ministry			77,547			77,547	79,170
Church running
expenses			14,618			14,618	15,172
Church maintenance Upkeep ofservices Church hall			2,424 1,281 5,389			2,424 1,281 5,389	1,666 3,754 10,571
Vicars expenses Church room Major repairs			921 4,343 25,455			921 4,343 25,455	2,020 5,661 730,899
Other clergy expenses			857			857	976
Parish office					16,021	16,021	16,396
Moveable furnishing		and
equipment				205		205	361
Curate' s
accommodation	costs		13,200			13,200
Governance costs					4,070	4,070	4,083
			181,343	205	20,091	201,639	908,492
Analysis ofsupport		costs
					Parish office	Total 2020	Total 2019
					E	K	6
Staff costs Communications General office	and	IT			12,699 1,146 2,176	12,699 1,146 2,176	13,331 1,428 1,642
					16,021	16,021	16,401
Net expenditure
Net expenditure	is stated after charging/(crediting):
						2020	2019
						E	6
Depreciation oftangible fixed assets						205	361

Independent	examination fees
			2020 f	2019 6
Fees payable Independent	to ths independent examination ofthe	examiner for: financial statements	3,780	3,600

The	total	staff	costs	and	employee	benefits	for	the	reporting	period	are	analysed as 2020	follows: 2019
												6	E
												12,699	13,331

Tangible Rxed assets
	Land and
	buildings F	Equipment 6	Total 6
Cost
At 1 January 2020 Additions	16,873	59,400 1,028	76,273 1,028
At 31 December 2020	16,873	60,428	77,301
Depreciation At 1 January 2020 Charge forthe year		59,400 205	59,4OO 205
At 31December 2020		59,605	59,605
Carrying amount At 31December 2020	16,873	823	17,696
At 31 December 2019	16,873		16,873

Year ended 31 December 202 Investments	0
	Listed
	investments
	6
Cost or valuation
At 1 January 2020	24,183
Additions
Other movements	1,623
At 31December 2020	25,806
Impairment
At 1 January 2020 and 31 December 2020
Carrying amount
At 31December 2020	25,806
At 31 December 2019	24,183

17.	Debtors
				2020 6	2019 f
	Prepayments	and accrued income		975
	Other debtors			36,078	44,610
				37,053	44,610
18.	Creditors: amounts		falgng due within one year
				2020	2019
					E
	Trade creditors			740	1,108
	Accruals and	deferred	income	19,480	2,040
				20,220	3,148

19.	Government	grants
	The amounts	recognised in the financial statements		for government	grants are as follows: 2020	2019
					2	2
	Recognised	in income from donations	and legacies:
	Government	grants income			4,3T0

						At
	At				Gains and	31Dec202
	1 Jan 2020	Income	Expenditure	Transfers	losses	0
		F	6	6	6	6
St Michael's
Church General
Fund St.Michael's	(12,455)	135,772	(136,709)	11,197		(2,195)
Church Fabric
Fund StJames' Church	34,959			301		35,268
Fabric Fund St.Michael's	2,584		(696)			1,888
Church Hall Fund St.Michael's	10,272	2,885	(5,498)			7,659
Church Flower
Fund	629	40	(130)			539
Youth Project Highwoth and	755			(755)
Hannington Bell
Fund Inglesham	1,294	40	(84)			1,250
Church
Churchyard	1,863	101	(305)			1,659
	39,901	138,846	(143,422)	10,743		46,068
						At
St Michael's	At 1 Jan 2019 f	Income 6	Expenditure f	Transfers 6	Gains and losses 6	31 Dec201 9
Church General
Fund St.Michael's	2,953	120,676	(124,626)	(11,459)		(12,456)
Church Fabric
Fund StJames' Church	23,486	14		11,459		34,959
Fabric Fund St.Michael's	1,764	1,607	(787)			2,584
Church Hall Fund St.Michael's	9,719	11,123	(10,570)			10,272
Church Flower
Fund Youth Project	466 755	789	(625)			630 755

		Year	ended 31	December 2020
Highwoth	and
Hannlngton	Bell
Fund		1,243	674	(624)	1,293
Inglesham
Church
Churchyard		1,855	100	(91)	1,864
		42,241	134,983	(137,323)	39,901

							At
		At				Gains and	31Dec202
		1 Jan 2020 8	Income 8	Expenditure 8	Transfers 8	losses 8	0 f
St.Michael's
Church Mission
Fund Miss Mary		14,391	(10,786)	4,816	200		8,621
Hambidge's	Will
Coal Fund
(Income) Youth Project		6,583 (5,939)	334 19,260	25 (21,505)	8,184		6,942
Clintons Gilt
Grants Other Restricted		21,608		(6,005)	(14,781)		822
Donations Friends ofSt.		26,473	10,911	(10,094)	(4,346)		22,944
Michael's		20,199	8,226	(25,455)			2,970
		83,315	27,945	(58,218)	(10,743)		42,299
							At
		At				Gainsand	31Dec201
St.Michael's		1 Jan 2019 f	Income 8	Expenditure 8	Transfers 8	losses 8	9
Church Mission
Fund Miss Mary		13,611	3,424	(2,644)			14,391
Hambidge's	Will
Coal Fund
(Income) Youth Project Clintons Gilt		6,370	413 22,595	(200) (28,534)			6,583 (5,939)
Grants Other Restricted		3,509	18,931	(832)			21,608
Donations Friends ofSt.		27,782	9,496	(10,805)			26,473
Michael's		49,546	701,154	(730,501)			20,199
		100,818	756,013	(773,516)			83,315

							At
		At				Gains and	31Dec202
		1 Jan 2020 2	Income f	Expenditure E	Transfers f	losses F	0
Miss Mary
Hambidge's	Will
Coal Fund
(Capital)		8,270				(1,435)	6,835
St.Michael's
Church Fabric
Fund		13,341				2,557	15,898
Inglesham
Church Fabric
Fund		2,573				500	3,073
		24,184				1,622	25,806
							At
		At				Gainsand	31Dec201
		1 Jan 2019 6	Income	Expenditure 8	Transfers 6	losses 8	9 8
Miss Mary
Hambidge's	Will
Coal Fund
(Capital)		7,092				1,178	8,270
St.Michael's
Church Fabric
Fund		12,501				840	13,341
Inglesham
Church Fabric
Fund		2,464				109	2,573
		22,057				2,127	24,184

Analysis ofnet as	sets between	funds
		Unrestricted	Restricted	Endowment	TotalFunds
		Funds	Funds	Funds	2020
				F	6
Tangible fixed assets		1,510	16,186		17,696
Investments Current assets Creditors less than	1 year	64,978 (20,220)	25,913	25,806	25,806 90,891 (20,220)
Net assets		46,268	42,099	25,806	114,173
		Unrestricted	Restricted	Endowment	Total Funds
		Funds	Funds	Funds	2019
		F	6	F	E
Tangible fixed assets investments Current assets Creditors less than 1 year		1,510 40,571 (2,178)	15,363 68,922 (971)	24,183	16,873 24,183 109,493 (3,149)
Net assets		39,903	83,314	24,183	147,400

	Year ended 31 Dece	mber 2020
		2020	2019
		6
Income and endowments
Donations and legacies
Planned giving Tax recoverable		70,422 18,458	71,047 23,713
Open plate collections Collections and donations Other donations for church Grants	for mission purposes	369 3,335 26,907 29,780	1,167 3,762 716,866 43,439
Contributions from other churches		761	881
Government grant income		4,370
		154,402	860,875
Charitable activities
Church Room rents Church hall rents Wedding and funeral fees		485 2,776 7,383	1,774 11,603 11,526
		10,644	24,903
Other trading activities
Fund raising Floodlighting		234 540	1,288 527
		774	1,815
Investment Income
Income from listed investments		869	937
Bank interest receivable		22	27
Building society interest receivable		79	92
		970	1,056
Total income		168,790	888,649

		Year ended 31Decemb	er 2020
			2020	2019
			6
Expenditure
Expenditure on charitable Wages and salaries Rent		activities	12,699 13,200	13,331
Rates and water			478	720
Light and heat Repairs and maintenance Insurance			12,991 31233 6,526	13,847 739,618 6,807
Other establishment			1,001	959
Legal and professional Telephone Other office costs	fees		3,780 1,146 1,719	3,600 1,428 3,091
Depreciation Other interest payable Other expenditure for Other expenditure for	and similar charges the work ofthe church the work ofthe church		205 290 113,240 3.131	361 483 118,447 5,800
			201,639	908,492
Total expenditure			201,639	908,492
Net expenditure			(34,849)	(19,843)

		Year ended 31 Decemb	er 2020
			2020	2019
			E
Expenditure on charitable		activities
Secular charities
ActivNes undertaken	directly
Charitable giving			11,303	9,258
Youth project
Activities undertaken	directly
Expenses			24,005	28,505
Ministry
Activities undertaken	directly
Repairs &maintenance				160
Parish share Weddings and funerals			74,416 3131	73,210 5,800
			77,547	79,170
Church running expenses
Activities undertaken	directly
Rates and water			185	84
Light and heat Insurance			8,337 6,096	8,707 6,381
			14,618	15,172
Church maintenance
Actlvltles undertaken	directly
Repairs and maintenance			2,424	1,666
Upkeep ofservices
ActivNes undertaken	directly
Other expenditure forthe work ofthe church			1,281	3,754
Church hall
AcdvNes undertaken	directly
Rates and water			160	560
Light and heat Repairs and maintenance Insurance			1,654 2,144 430	1,973 4,475 426

		Year ended 31 Decem	ber 2020
			2020	2019f
Brought forward			4,388	7,434
Other establishment costs			1,001	959
Church hall office - other				2,178
			5,389	10,571
Vlcars expenses
Activities undertaken	diractiy
Clergy expenses			921	2,020
Church room
Activities undertaken	directly
Rates and water			133	76
Light and heat			3,000	3,167
Repairs and maintenance			1,210	2,418
			4,343	5,661
Major repairs
Activities undertaken	directly
Repairs and maintenance			25,455	730,899
Other clergy expenses
Activities undertaken	direcdy
Other clergy expenses			857	976
Parish office
Support costs
Wages and salaries			12,699	13,331
Telephone			1,146	1,428
Other office expenses			1,719	913
Other expenditure			457	724
			16,021	16,396
Moveable furnishing and		equipment
Grant funding activities
Depreciation			205	361
Curate's accommodation		costs
AcVvtffes undertaken	directly
Rent			13,200
Governance costs
Independent Examiner's	fees		3,780	3,600
Governance costs - other finance costs			290	483
			4,070	4,083
Expenditure on charitable		activities	201,639	908,492