2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St George, Jesmond.

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			Unrestricted	Restricted	Endowment	Total Funds	Total Funds
		Fote	Funds	Funds	Funds	2020	2019
INCOME FROM:
Donations and legacies		1(a)	111,731	24,797		136,528	122,896
Other trading activities		1 (b)	38,021			38,021	55,090
Investments		1(c)	789	21	1,816	2,626	2,178
Church activities		1(d)	8,654			8,654	8,574
Other income		1(e)					500
TOTAL INCOME			159,195	24,818	1,816	185,829	189,238
EXPENDITURE ON:
Raising funds		2(b)	144			144	1,452
Church activities		2 (a)	174,334	2,993	1,816	179,143	185,420
TOTAL EXPENDITURE			174,478	2,993	1,816	179,287	186,872
NET INCOME/(EXPENDITURE)	BEFORE
INVESTMENT GAINS			(15,283)	21,$25		6,542	2,366
GAINS/(LOSSES) ON INVESTMENTS
unrealised			(2,593)		4,200	1,607	7,934
realised
NKT INCOME/(EXPENDITURE)			(17,876)	21,$25	4,200	8,149	10,300
TRANSFERS BETWEEN FUNDS
BALANCES BROUGHT FORWARD AT
IJANUARY 2020			978,233	62,338	60,627	1,101,198	1,090,$98
BALANCES CARRIED FORWARD AT
31DECEMBER2020			960,357	84,163	64,827	1,109,347	1,101,198

	Note	2020	2019
FIXEDASSETS
Tangible assets	4(a)	861,872	861,393
Investments	4(b)	87234	60627
		949,106	922,020
CURRENT ASSETS
Debtors		11,210	8,121
Cash at bank and in hand		158207	180584
		169,417	188,705
LIABILITIES:AMOUNTS FALLING
DUE WITHIN ONE YEAR		9,176	9,527
NET CURRENT ASSETS		160,241	179,178
NET ASSETS		1,109,347	1,101,198
Unrestricted	8,9	960,357	978,233
Restricted	8,9	84,163	62,338
Endowment	8,9	64827	60627
		1,109,347	1,101,198

	INCOME
				Unrestricted	Restricted	Endowment	Total Funds	Total Funds
				Funds	Funds	Funds	2020	2019
1(a)	Donations and legacies
	Planned Giving:
	Gilt Aid donations			84,505			84,505	75,583
	Tsx recoverable			20,896	1,400		22,296	21,574
	Collections (open plate) Gid day Sundry donations	at	all services	2,764 3,566	6,397		2764 9,963	12704 6,228 4,807
	Legacies							2,000
	Grants Rom charitable	foundations			17,000		17,000
				111,731	24,797		136,528	122,896
1(b)	Other trading activities Church hall letting			4,181			4,181	17,214
	Church hire			375			375	2,288
	Pmperty rental income Fetes and other fund-raising		events	22,977 5,488			22,977 5,488	21,163 14,425
	Government grants			5. 00			5.000
				38,021			38,021	55,090
1(c)	Investments Dividends			472		1,816	2,288	1,421
	Interest			317	21		338	757
				789	21	1,816	2,626	2,178
l(d)	Church activities Fees			7,454			7,454	6,714
	Magazines			12			1.200
				8,654			8,654	8,574
1(e)	Other income Insurance Claim							500
								500
	TOTAL INCOME			159,195	24,818	1,816	185,829	189,238

	EXPENDITURE
		Unrestricted	Restricted	Endowment	Total Funds	Total Fuads
		Funds	Funds	Funds	2020	2019
(a)	Church activities
	Missionary and charitable giving:
	Church overseas:
	Relief and development agencies Home Missions and other Church Societies Charitable donations	2,000			2,000	3,000 2441
		2,000			2,000	5,441
	Ministry: Parish Share Clergy expenses Clergy housing expenses Fees paid to diocese Church —running expenses Church maintenance Upkeep ofservices Parish magazine and publicity Church Hall running costs Church Hall maintenance Other property upkeep Pmfessional fees —whole site plan Flowers Asset depreciation Others Organ and choir Chilihen and young people Printing, stationery and office costs Office administration Bank charges Independent examiner's fees, includin g payroll	113,542 1,965 4,152 4,003 11,676 325 830 772 5,859 1,202 2,116 5,762 398 86 4,399 104 3,495 9,673 213 1.762	50$ 184 119 2,182	1,816	113,542 1,965 4,152 4,003 11,676 2,141 830 772 5,859 1,202 2,116 5,762 508 398 270 4,518 2,2$6 3,495 9,673 213 1 762	112,429 1,940 3,917 2,816 12,324 2,671 1,915 1,462 11,260 1,464 2,172 247 926 599 1,111 6,661 135 4,315 9,504 549 1 562
	Total Church activities	174,334	2,993	1,816	179,143	185,420
2(b)	Raising funds Costs offetes and other fund raising activities	144			144
	TOTAL EXPEisSDITURE	174,478	2,993	1,816	179,287	186,872

	ViOTKS TO THK FINANCIAL STATEMENTS
	FOR THE YEAR ENDED 31DECEMBER2020
	(continued)	2020	2019
STAFF COSTS			8
Wages and salaries Pension costs		12,795 38	12318
		12,833	12,218

FIXEDASSETSFORI SEBYTHE PCC
Tangible fixed assets	Freehold land and		Plant and otftce
	beni(din I	s	eguutslllelit	Total
COST OR VALUATION At I January 2020 Additions Disposals	1,161,787		31,345 877 2 700	1,193,132 877 2 700
At 31December 2020	1,161,787		29,522	1,191,309
DEPRECIATIOV At I January 2020 Charge in year Disposal	300,751		30,988 398 2.700	331,739 398 2 700
At 31December 2020	300,751		28,686	329,437
NET BOOK VALUE At 31December 2020	861,036		836	861,872
At 31December 2019	861,036		357	861,393

4	(b)	Investments		2020	2019
		At market valuation: 3,164.24 Units in the CBF's Investment 14,624Units in the Epworth Investment	Fund Fund	64,827 22,407	60,627
				87,234	60,627

The movement in the year comprises:
At I January 2020 Purchases Revaluation ofinvestments	60,627 25,000 I 607
At 31 December 2020	87,234

ANALYSIS OF NET ASSETS BYFI	UID
	Unrestricted	Funds	Restricted	Endowment	Total Funds
	Undesignated 8	Designated	Funds 8	Funds f	2020
Fixed Assets Current Assets Current liabilities	836 49,784 8306	883,443 34,600	85,033 870	64,827	949,106 169,417 9176
	42,314	918,043	84,163	64,827	1,109,347
DEBTORS				2020 8	2019
Gift aid recoverable Prepayments and accrued income				3,933 7.27	3,490 3
				11710	8,121

LIABILITIES:AKIOUNTS FALI,ING	DUE WITHIN ONE	DUE WITHIN ONE	YEAR	2020		2019 8
Creditors for goods and services Accruals and deferred income				3,020 6		3,217
				9,176		9,527
FUND DETAILS		Unrestricted Funds 8	Restricted Funds	Endowment Funds		Total Funds 2020f
Property, Church Hall, Tower House, Close House Funds designated by the PCC-Buildings fund General fund Bell Ringers fund		861,036 57,007 42,314	1,822			861,036 57,007 42,314 1,822
Donations restricted by donor —access to and ulterest	capital		82,341			82,341
Donations restricted by donor —access to	interest			64	27	27
only
		960,357	84,163	64,827		1,109,347

MOVEMENT OF FUxtDS
Unrestricted funds	Balance IJanuary 2020 0	Iacoming resources 0	Outgoing resources 8	Transfers 0	Gains and losses	Balance 31December 2020 8
Pmperty Buildings fund General	861,036 63,651 53546	1,711 157484	(5,762) 168.716		(2,593)	861,036 57,007 42. 14
Total Unrestricted funds	978,233	159,195	(174,478)		(2,593)	960,357
The PCC has designated the	Buildings fund for	use on pmperty	refurbishment	projects.
Restricted funds		Balance IJanuary 2020	Transfers	Movement Incoming	in resaurces Outgoing	Balance 31December 2020
		8		8
Bell Ringers fund Open Churches fund Fabric ftmd Flowers Family Jt Youth leader fund Choral Scholarships Music Other donations - garden of Other grants and donations	remembrance	1,995 120 57,082 34 1,309 925 241 301 331		21 786 24,000 11	(508) (2,182) (119) (184)	1,822 120 57,103 312 23,127 925 122 301 331
Total Restricted funds		62,338		24,818	(2,993)	84,163

expenses oft	he Church b	ut are t	o be applied for	the purposes s	pecified.
Endowment	fund		Balance I January 2020	Incoming resources	Outgoing resources	Additions	Revaluation	Balance 31December 2020
			8			8	8
Garden ofRemembrance Fabric Fund		and	60 627	1.816	1.816		4200	64 827