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##
|||||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|
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|||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|
##
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##
|||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|
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|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|