a sila IES pe
The Reverend Peter Cunliffe
Heminglord Cirey
ST JAMES’ CHURCH — HEMINGFORD GREY CHARITY No. 1132817
STATEMENT OF ACCOUNTS FOR THE YEAR ENDED 31°’ DECEMBER 2020
ST JAMES' CHURCH - HEMINGFORD GREY
Index
Page No.
1-3 Annual Report 4 Independent Examiners Report 5 Statement of Financial Activities 6 Balance Sheet
7-11 Notes to the Financial Statements
ST JAMES’ CHURCH — HEMINGFORD GREY ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL ee FOR THE YEAR ENDED eg31° DECEMBERee 2020ee et
Administration Information
St James’ Church Is situated in the Parish of Hemingford Grey, in the Deanery of Huntingdon, part of the Diocese of Ely within the Church of England. The Parochial Church Council (PCC) is a registered charity, Number 1132817.
Ex Officio Members
Rev Peter Cunliffe Ben Pearson Jan Smith
Membership of St James’ PCC 2020
Allen Foster
Stanley Trencher Liz Pinnock Mark Enzer Tim Wetherfield Ranjini Mathew Steve Moller Mike Pinnock (Churchwarden) lan Sinkinson (Churchwarden from October) Stephen Terrell
Honorary Treasurer
Tim Drye
Appointment of Trustees
PCC members were appointed at our Annual Parochial Church meeting, which was held in October this year due to COVID 19, and are the trustees of St James Church.
_
Objectives and Activities
St James PCC Values
- © God first; Individually and together e Listening to others with open hearts and minds e Love and acceptance for each other e Shared ownership of the leadership
The Charities Activities
St James Church is committed to offer the opportunity of Christian worship to all in our local community. We aim to enable our members, and others, to live out their faith in the world and make a valuable and enriching contribution in the communities where we live and worship. We do this through worship, prayer, and learning about the Gospel, outreach, community involvement and pastoral! care.
Public Benefit
During 2020 St James’ Church role in the community was very different due to the COVID 19 pandemic. The fast in person service was held in March and the coffee shop and parish centre closed its doors to the public on 20" March. All events and groups organised and run by the church were no longer allowed to continue under the rules of a national lockdown.
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Church attendance
As at December 2020 there were 168 church members on the electoral roll. All weddings were cancelled due to the pandemic. There were 11 funeral services in the parish during 2020.
Year in Review 2020
The full PCC met 10 times during the year, from April this has been on ZOOM, the focus of meetings being how the church can continue to provide Outreach, Worship, Fellowship and Teaching during a time of national lockdown when many people feel lonely and isolated. The Standing Committee met once this year. The following sub committees also continued to meet at various times throughout the year on Zoom: Personnel, Property, Finance, Children and Youth, World Mission and the Strategy Review Working Group.
Church services have been on Zoom, including the Annual Parochial Church meeting in October and special services at Easter and Christmas. A service of night prayer has been held on Zoom every evening during the last year. For those members who were unable to access on line church services a twice-monthly broadsheet was distributed around Hemingford Grey and St Ives to ensure everyone felt connected In some way. The church has been open for private prayer and in person services when government guidelines have allowed. Families from the village took part In a Light Trail and Christmas Nativity Trail around the village which proved very popular and allowed St James’ to connect with families who have previously not engaged with the church. The coffee shop, in Its ninth year of operation from the Parish Centre, was closed from the end of March until the beginning of August and again in November. From May a group of church volunteers delivered meals on wheels around the village to approximately 55 homes on a monthly basis unti! September.
In the church building new vestry steps were constructed and installed, replacing the hazardous steps that were there before. During this year further meetings with the architect and contractors has led to a detailed specification for repair work to the external walls of the church. The start of this work has been delayed because of COVID 19 and availability of the contractor. Initial inspections by the architect have been completed for the church’s boundary walls and detailed specifications for work required are being drawn up. We continue to be linked to overseas mission partners and organisations, supporting them financially and in prayer. Some church members are still board members and provide administration assistance.
Financial Review
During the year voluntary glving to the general fund decreased 9.3% to £181,945 and overall income in the general fund decreased 13.4% to £196,254. Overall expenditure in the general fund remained relatively static at £200,510 resulting in a deficit of £4,256.
Giving to restricted funds Increased significantly to £39,481 from £8,949 due primarily to a very successful appeal for the Ambu Covid Appeal and the Ambu Mission. The PCC maintained its policy of donating 15% of income to our mission partners totalling £29,452 in 2020.
Unrestricted Funds
Development £2,817, General £855,933.
Restricted Funds
Bells £793, Don Brown £15,818, Garden Room £18,074, Mission £2,438
Investment Policy
St James Investment policy is delivered in accordance with the Diocese of Ely and PCC approval.
Reserves Policy
It is the policy of the PCC to maintain a balance in the General Fund to cover at least 3 months In case of unavoidable redundancies and emergency situations.
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Risk Policy
St James Church Charity assesses all substantial risks and implements appropriate measures to manage them. At the year end, the church believes that it is not subject to any substantial risks beyond the liabilitles disclosed in its financial statements.
The church holds appropriate insurance policies to safeguard the public and users of our facilities, its members, employees and assets. We have a health and safety policy and a child protection policy updated in accordance with the Diocese of Ely.
Trustees’ Responsibilities Statement
The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
- e select suitable accounting policies and then apply them consistently;
;
-
e observe the methods and principles in the Charities SORP 2019 (FRS 102); e make judgements and estimates that are reasonable and prudent; e state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
-
prepare the financial statements on the going concern basis unless it Is inappropriate to presume that the charity will not continue In operation.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charltles Act 2011, the Charities (Accounts and Reports) Regulations 2008, the provisions of the trust deed and current church accounting regulations. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
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Approved by the PCC on... by the PCC on... the PCC on... PCC on... on... 8.w May.ne
Signed on their behalfa leccieeen
Rev Peter Cunliffe
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Approved by the PCC on... by the PCC on... the PCC on... PCC on... on...
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INDEPENDENT EXAMINER'S REPORT TO THE PCC OF ST JAMES' CHURCH - HEMINGFORD GREY
| report to the charity trustees and members of the PCC on my examination of the accounts of the PCC for the year ended 31st December 2020 which are set out on pages 5 to 11.
Respective responslbilities of the PCC and the examiner
As the charity's trustees and members of the PCC you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’) and current Church Accounting Regulations.
| report in respect of my examination of the PCC's accounts carried out under section 145 of the Act and current Church Accounting Regulations and In carrying out my examination | have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act and current Church Regulations.
Independent examiner's statement
| have completed my examination. | confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
the accounts do not comply with the applicable requirements concerning the form and content of the accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view which is not a matter considered as part of an independent examination.
| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn In this report in order to enable a proper understanding of the accounts to be reached.
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ST JAMES' CHURCH - HEMINGFORD GREY
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2020
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | ||||
| Note | Funds | Funds | Total | Total | |
| INCOMING RESOURCES | |||||
| Voluntarygiving Activities for generating funds |
2a 2b |
181,945 1,787 |
39,481 - |
221,426 1,787 |
210,553 6,088 |
| Income from investments | 2c | 9,156 | 47 | 9,203 | 13,223 |
| Church activities income | 2d | 3,366 | - | 3,366 | 5,808 |
| TOTAL INCOMING RESOURCES | 196,254 | 39,528 | 235,782 | 235,672 | |
| RESOURCES EXPENDED | |||||
| Church activities | 3a | 437,641 | 42,000 | 179,641 | 148,371 |
| Governance costs | 3b | 62,869 | - | 62,869 | 61,292 |
| TOTAL RESOURCES EXPENDED | 200,510 | 42,000 | 242,510 | 209,663 | |
| NET INCOMING RESOURCES BEFORE | |||||
| OTHERRECOGNIZED GAINSAND LOSSES | -4,256 | -2,472 | -6,728 | 26,009 | |
| Transfer between funds | -280 | 280 | - | - | |
| Other recognized gains and losses | |||||
| Gain on investment | 6 | 216 | - | 216 | 496 |
| NET MOVEMENT IN FUNDS | -4,320 | -2,192 | -6,512 | 26,505 | |
| BALANCES B/FWD 1ST JANUARY | 863,070 | 39,315 | 902,385 | 875,880 | |
| BALANCESC/FWD31STDECEMBER | 858,750 | 37,123 | 895,873 | 902,385 |
The notes on pages 7 to 11 form part of these accounts.
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ST JAMES' CHURCH - HEMINGFORD GREY BALANCE SHEET AS AT 31ST DECEMBER 2020
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Unrestricted|Restricted|2020|2019|
|Notes|Funds|Funds|Total|Total|
|FIXED|ASSETS|
|Tangible|5|754,541|16,274|770,815|773,311|
|CURRENT ASSETS|784,547|16,274|=770,815|=|773,317|
|Short|term|investment|6|3,360|-|3,360|3,144|
|Debtors|7|7,064|3,193|10,257|22,204|
|Cash|at|bank|and|in|hand|100,879|23,141|124,020|120,854|
|111,303|26,334|«=137,637|=|146,202|
|CURRENT|LIABILITIES|
|Creditors|- amounts falling|due|in|one year|8|7,094|5,485|12,579|17,128|
|NET CURRENT ASSETS/|(LIABILITIES)|~~ 104,209|20,849|S«1:25,058.|429,074|
|Total|assets|less|current|liabilities|858,750|37,123|895,873|902,385|
|Creditors|-|amounts|falling|due|after one|year|-|-|-|-|
|TOTAL NET ASSETS|__858,750|37,123|895,873|=902,385|
|Represented|By:|
|Unrestricted|Income|Funds|9|858,750|-|858,750|863,070|
|Restricted|Income|Funds:|9|-|37,123|37,123|39,315|
|__858,750|_37,123|895,873|= |[902,385]|
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These accounts were approved by the management committee and signed on their behalf by:
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Signed: Y=
Rev Peter Cunliffe hed wei
Date: s Moy Poe. |
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ST JAMES' CHURCH - HEMINGFORD GREY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020
|
1 ACCOUNTING POLICIES
Basis of Accounting
The financial statements have been prepared under the Charities Act 2011 and comply with the Statement of Recommended Practice SORP (FRS 102) and with FRS 102 on the basis that the Church Is a public benefit entity; and also guidance Issued by the Charity Commission and the PCC in accordance with current Church Accounting Regulations.
The accruals basis of accounting had been adopted, and the principle accounting policies set out below are applied consistently and are also consistent with the 'going concern’ concept adopted.
There are no material uncertainties about the Church's ability to continue as a going concern. Neither do the financial statements contain any management judgements - significant or otherwise, nor are there any changes in the accounting policles adopted or material errors in prior year's accounts.
Funds
Unrestricted funds are general funds which can be used for PCC ordinary purposes,
Restricted funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided In the terms of the trust or bequest, and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate Investment, Interest is apportioned to individual funds on an average balance basis.
Incoming resources
Planned giving, collections and donations are recognized when received. Tax refunds are recognized when the incomlng resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when recelvable, interest is accrued. All other income Is recognized when it is receivable. All incoming resources are accounted for gross.
Resources expended
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share Is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognized when it is Incurred and is accounted for gross.
Fixed assets
Consecrated and beneficed property is not included In the accounts In accordance with S.96(2){a) of the Charities Act 1993.
Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficlent cost information available and therefore such assets are not valued in the financial statements. Subsequently no Individual Item has cost more that £1,000 so all such expenditure has been written off when incurred. Depreciation is provided at the following annual rates calculated to write off assets over their estimated useful lives:
Equipment - 10% on cost Computer equipment = - 33.33% on cost
Investment Assets
These are stated as mid-market values on the balance sheet date. Changes in valuation over the year are recognised In the Statement of Financial Activitles.
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ST JAMES' CHURCH - HEMINGFORD GREY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020
| 2 | INCOMING RESOURCES | Unrestricted | Restricted | 2020 | 2019 |
|---|---|---|---|---|---|
| Funds | Funds | Total | Total | ||
| 2a | ~~Voluntary income | ||||
| Planned giving: | |||||
| Donations (GiftAid & non-Gift Aid) | 136,198 | 8,478 | 144,676 | 150,309 | |
| Gift Ald recoverable | 31,326 | 1,770 | 33,096 | 33,294 | |
| Collections -open plate | 4,075 | 239 | 1,314 | 5,969 | |
| Donations, appeals & grants | 13,346 | 28,994 | 42,340 | 20,981 | |
| 181,945 | 39,481 | 221,426 | 210,553 | ||
| 2b | ~—s Activities forgeneratingfunds | ||||
| Children & youth groups | 286 | - | 286 | 2,036 | |
| Photocopying income | 4,101 | - | 1,101 | 1,517 | |
| Lettings income - Parish Centre | 400 | - | 400 | 2,495 | |
| Book sales income | - | - | - | 40 | |
| 1,787 | - | 1,787 | 6,088 | ||
| 2c | —Investment income | ||||
| Interest recelved | 80 | - | 80 | 131 | |
| CCBA /CBF dividend | AT | 47 | 94 | 92 | |
| Rental income | 9,029 | - | 9,029 | 13,000 | |
| 9,156 | 47 | 9,203 | 13,223 | ||
| 2d | Incomefrom church activities | ||||
| Wedding and funeral fee income | 3,366 | - | 3,366 | 5,808 | |
| 3,366 | - | 3,366 | 5,808 | ||
| Totalincomingresources | 196,254 | 39,528 | 235,782 | 235,672 |
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ST JAMES' CHURCH - HEMINGFORD GREY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020
| 3 | RESOURCES EXPENDED | Unrestricted | Restricted | 2020 | 2019 |
|---|---|---|---|---|---|
| Funds | Funds | Total | Total | ||
| 3a | Church activities | ||||
| Mission and charitable giving | 29,452 | 39,077 | 68,529 | 34,756 | |
| Wedding &funeral costs | 1,373 | - | 1,373 | 3,140 | |
| Organist | 180 | - | 180 | 4,635 | |
| R Cunliffe | - | - | - | 2,800 | |
| Vicar's and curate's expenses | 229 | - | 229 | 902 | |
| Activityfees | 1,370 | - | 1,370 | 4,351 | |
| Minister's expenses claims | - | - | - | 181 | |
| Salaryand social security costs | 57,849 | - | 57,849 | 54,540 | |
| Pension costs | 4,233 | - | 4,233 | 4,498 | |
| Insurance | 4,352 | - | 4,352 | 4,355 | |
| Propertycosts | 2,580 | - | 2,580 | 2,488 | |
| Utility costs | 6,128 | - | 6,128 | 5,782 | |
| Training course costs | 30 | 30 | 1,176 | ||
| Cleaning costs | 1,159 | - | 1,159 | 1,269 | |
| Repairs and maintenance costs | 8,506 | 735 | 9,241 | 6,675 | |
| Telephone and computer costs | 4,602 | - | 4,602 | 1,467 | |
| Printing and stationery costs | 3,081 | - | 3,081 | 3,831 | |
| Sundries costs | 4,508 | - | 4,508 | 4,057 | |
| Equipment purchases | 497 | - | 497 | 1,773 | |
| Hospitality hub | 1,444 | 1,444 | 5,810 | ||
| Bad debts written off | 5,210 | 5,210 | - | ||
| Depreciation | 858 | 2,188 | 3,046 | 2,885 | |
| 137,641 | 42,000 | 179,641 | 148,371 | ||
| 3b | Governance costs | ||||
| Elydiocese | 62,294 | - | 62,294 | 60,717 | |
| Accountancy | 575 | - | 575 | 575 | |
| 62,869 | - | 62,869 | 61,292 | ||
| Total resources expended | 200,510 | 42,000 | 242,510 | 209,663 | |
| 4 | STAFF COSTS | ||||
| 57,849 | - | 57,849 | 54,540 |
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ST JAMES' CHURCH - HEMINGFORD GREY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020
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||||||||||
|---|---|---|---|---|---|---|---|---|
|5|FIXED ASSETS|Freehold|Computer|
|Property|Equipment|Equipment|Total|
|Cost|
|As|at|ist|January|2020|753,165|26,103|14,349|793,617|
|Additions|-|-|550|550|
|Disposals|-|-|-|-|
|As|at 31st December 2020|~|753,165|~~|26,403|~~|44,899|794,167.|
|Depreciation|
|As|at|1st January 2020|-|6,702|13,604|20,306|
|Charge|for|the|year|-|2,301|745|3,046|
|Elimination|on|disposals|-|-|-|-|
|As|at 31st December|2020|~~.|~~9003|14,349|23,352|
|Net|Book|Value|
|As|at|31st|December|2020|753,165|17,100|550|770,815|
|As|at|3ist|December|2019|753,165|19,401|745|773,311|
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The freehold property comprise the Parish Centre at 33 High Street, 19 St.lves Road and 33 Wren Close, Hemingford Grey.
Although the properties are shown on the balance sheet the deeds are held by The Ely Diocesan Board of Finance.
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|||||||||
|---|---|---|---|---|---|---|---|
|6|SHORT TERM|INVESTMENT|2020|2019|
|E|£|
|Market|value|b/fwd|as|at|1st January|3,144|2648|
|Gain|on|investment|216|496|
|Market value|c/fwd|as|at|31st|December|3,360|3,144|
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ST JAMES' CHURCH - HEMINGEFORD GREY NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020
| 2020 | 2019 | ||
|---|---|---|---|
| £ | £ | ||
| 7 | DEBTORS | ||
| Loans | 4,800 | 1,950 | |
| Recoverable Gift Ald | 5,397 | 8,384 | |
| Other debtors | 2,810 | 11,503 | |
| Prepayments | 250 | 367 | |
| 10,257 | 22,204 | ||
| 8 | LIABILITIES | ||
| Accruals | 8,356 | 12,170 | |
| PAYE creditor | 1,880 | 2,039 | |
| Other creditors | 2,343 | 2,919 | |
| 12,579 | 17,128 | ||
| 9 | FUNDS | ||
| Unrestricted | |||
| Development | 2,817 | 1,989 | |
| General | 855,933 | 861,081 | |
| 858,750 | 863,070 | ||
| Restricted | |||
| Belis | 793 | 713 | |
| Don Brown legacy | 15,818 | 15,771 | |
| Garden Room | 18,074 | 20,393 | |
| Mission | 2,438 | 2,438 | |
| 37,123 | 39,315 |
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