## **ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31st December 2020** The Parochial Church Council of the Ecclesiastical Parish of St Peter and St Mary Stowmarket The Parochial Church Council of St Peter & St Mary, Stowmarket Contents __________________________________________________________________________________ ## Contents and Charity Details ## Contents |Contents and Charity Details……………………………………………………………………………………|1| |---|---| |Trustees’ Report……………………………………………………………………………………………………...|2| |Independent Examiner’s Report………………………………………………………………………………|8| |Statement of Financial Activities……………………………………………………………………………..|9| |Balance Sheet………………………………………………………………………………………………………….|10| |Notes to the Financial Statements…………………………………………………………………………..|11| ## Charity Details |Vicar:|Rev’d Michael Eden| |---|---| |Trustees:|The Parochial Church Council| |Charity Commission Registration number:|1132857 (England and Wales)| |Principal Office:|St Peter & St Mary’s Church| ||Station Road West| ||Stowmarket| ||Suffolk, IP14 1ES| |Accountant:|Geoff Mann FCIE| ||Geoff Mann Limited| ||Dee House| ||Highworth Avenue| ||Cambridge| ||CB4 2BQ| |Principal Bankers:|CAF Bank Limited| ||25 Kings Hill Avenue| ||West Malling| ||Kent, ME19 4JQ| 2020 Annual Report Page 1 The Parochial Church Council of St Peter & St Mary, Stowmarket Trustee’s Report for the Year ended 31st December 2020 __________________________________________________________________________________ ## Trustees’ Report for the year ended 31 December 2020 The Trustees, who are the members of the Parochial Church Council, submit their Annual Report and Financial Statements for the year ended 31st December 2020. The financial statements have been prepared in accordance with the relevant accounting policies and comply with Church Representation Rules, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with FRS 102, as updated February 2016. ## Objectives, Activities, Achievement and Performance ## Main Activities The Parochial Church Council (‘PCC’) aims to promote in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. ## Public Benefit The PCC is aware of its duty to ensure that the charitable activities of the Church further its charitable objectives and that these activities are for the purpose of public benefit. A review of the activities is included in this Annual Report and gives details of the way in which this has been achieved. The activities undertaken above are given careful consideration by the Trustees against the Charity Commission’s guidance on public benefit. ## Achievements and Performance – Vicar’s Report The year 2020 was like no other that we have ever known as the Coronavirus Pandemic took hold and the whole country went into Lockdown. Church buildings were closed and gatherings of people were prohibited. This presented us with very real challenges in finding new and innovative ways to fulfil our Vision and Strategic Plan. Our Vision is to be a welcoming, inclusive, vibrant, growing Church, with members of all ages, seeking God, open to the Holy Spirit, living out the gospel day by day; Rich in diversity, yet united in our service of Jesus Christ; Characterized by love, mercy and the joy of serving, where each member is encouraged to grow, and use their abilities and gifts. Our Plan is to come up with ways that we can put our vision into practice in the following 3 areas of Church life: 1) Open to God – encouraging a deeper relationship with God; 2) Open Church – being available to, and helping to meet the needs of, all sections of the community; 3) Open Invitation – actively working to engage more people in the life of the Church. In ALL that we do we are continually looking for creative and sustainable ways to put into practice our ‘mission statement’ of ‘LETTING PEOPLE KNOW ABOUT THE LOVE OF JESUS CHRIST’. Worship and prayer are vital for the life of the Church but Collective Acts of Worship were suspended by the order of the Archbishop of Canterbury from mid-March until July. During Lockdown Audio Services were broadcast online combined with a ‘live gathering’ using the Video Conferencing facility Zoom. When Churches re-opened there were 2 days a week when the Church Building was accessible for Private Prayer, with One Service on Sunday Morning. Congregations were limited to 30 households, facemasks had to be worn, social distancing and handwashing were put in place and communal singing was banned. At this time we started live-streaming our Sunday Service so that people could join in at home. 2020 Annual Report Page 2 The Parochial Church Council of St Peter & St Mary, Stowmarket Trustee’s Report for the Year ended 31st December 2020 __________________________________________________________________________________ Church attendance figures are somewhat meaningless for 2020 so they have not been included in this report. There were no baptisms and no weddings. The Annual Parochial Church Meeting was delayed until October 2020 when the Electoral Roll listed 115 (118 in 2019) members. Marion Gray and Dan Sparks were elected as Churchwardens and their help has been invaluable. Over the year the Church was involved with at least 138 (315) acts of worship of which 44 (237) included Holy Communion. There were 30 (31) funerals linked to the parish (of which 5 (15) were in Church), and we said goodbye to Pam Woodhouse, Pat Smith, Avril Hooper and Rosemary Cripps. Services in the Care Homes at Chilton Court, Woodfield Court and Cedrus House only took place until March as did Home Communions for those who are unable to get to Church. Important work was begun to replace the bell frame in the Church Tower but was not able to meet its completion date. When the project is finished there will also be 3 new bells. Progress of the Hospitality Area with Cafe, Creche and Welcome Space at the West End of the Church has been slow but it is hoped that work will begin this year. The Church relies on all the good work done by our volunteers in the Church Office and we thank Jane Stretch, Pat Wells and Charlotte Whyte who worked in the office or from home. St. Mary's Hall is the venue for the highly successful St. Peter & St. Mary's Preschool which continued to open caring for the children of Key Workers. Our children's work continues with Little Fishes meeting online and our Boys' Brigade and Girls Association Company managed to meet a few times outdoors and continues to meet on Zoom, on Tuesday evenings. Under the first Lockdown, we arranged the Church Members into Geographical Groups of around 10 people living close to each other. A Group Leader has kept in touch with all in their group and members themselves have maintained contact with each other. This has allowed us to give pastoral and practical support to those unable to leave their homes. A weekly get-together for coffee and a chat takes place on Zoom as well as a Prayer Meeting every Wednesday at 6:30pm. And over the summer the Gardening Group worked to keep the church grounds tidy. The Clergy, Readers and Preachers Team continues to meet regularly online and the retired Clergy Rev’d Ian Hooper and Rev’d Raymond Gilbert have not taken part in leading services for safety reasons. Most of the 7 House Groups have managed to meet in some form or another and areas of study included the Mike Pilivachi book ‘Everyday Supernatural’. The Christmas Tree Festival did go ahead in a reduced format and for a shorter length of time but it was much appreciated by those who came. The Town Mayor, Cllr. Keith Scarff switched on the lights and throughout the year we have had the continued support of the Town Council and the Library, Red Gables, The Walnut Tree and the Museum of East Anglian Life. I would like to thank all who have helped in the running of the Church this year, especially the Churchwardens and Deputy-Wardens. Our Report of Church Activities shows more of what goes on although this year many groups have been unable to meet. We always aim to improve ways in which we are inclusive as an Open Church and offering an Open Invitation to all in the service of Jesus Christ. It was not easy in 2020 but we have embraced the new technologies that are available, to reach out in fresh and different ways. We have a presence on Facebook and Twitter and our website is a launch 2020 Annual Report Page 3 The Parochial Church Council of St Peter & St Mary, Stowmarket Trustee’s Report for the Year ended 31st December 2020 __________________________________________________________________________________ pad for information dissemination. Setting up a YouTube channel has allowed us to Livestream on Sunday mornings and also broadcast pre-recorded services. Our thanks go to Martin Gray who has set up and operates all of that. And you can be assured that the latest Safeguarding and Data Protection and Copyright legislation is kept up to date. Prayer is brought to all Church activities in a real desire to put into practice the will of God and develop as a Church that is a true expression of His Kingdom here on Earth. As we do so we are seen to be fulfilling our ‘mission statement’ of LETTING PEOPLE KNOW ABOUT THE LOVE OF JESUS CHRIST. ## _Rev’d Michael Eden_ 2020 Annual Report Page 4 The Parochial Church Council of St Peter & St Mary, Stowmarket Trustee’s Report for the Year ended 31st December 2020 __________________________________________________________________________________ ## Financial Review Total incoming resources in the year amounted to £227,123 (2019: £282,334), with total expenditure incurred at £283,225 (2019: £206,136). Overall the net movement in funds, when taking account of investments gains, was a net outflow of £53,826 (2019: net inflow of £81,397). The net assets of the PCC at the balance sheet date were £484,814, compared with £538,640 in the previous year. ## Investment policy and performance There is no intention to retain funds over the longer term and cash not immediately required is placed on deposit with the Church of England. The only investment is the Finbow Endowment Fund held and administered by the Diocese. ## Reserves Policy The General Fund is intended to carry three to four months balances to provide for contingencies in the coming year and to provide sufficient cash flow to cover the regular transactions. At the year end the balance on the General Fund amounted to £28,155. This is just over three months’ worth of expenditure in this fund. The Trustees will continue to monitor this balance in 2021 in conjunction with incoming resources to meet its reserves policy going forwards. The 3Rs balance will vary according to the expenditure on projects currently in progress and planned for the near future. This requires ongoing review by the Trustees year on year to ensure that the reserve held is sufficient for upcoming projects. The balance carried forward on the Pre-school account is being retained for the future use of the Preschool. Sufficient reserves are maintained in order for this to occur, although no formal reserves policy is in place. Funds arising from certain legacies currently remain unspent. The PCC is taking the prudent view that this money should be held on deposit until there is greater certainty about the outcome of current renovation projects and future sources of income. 2020 Annual Report Page 5 The Parochial Church Council of St Peter & St Mary, Stowmarket Trustee’s Report for the Year ended 31st December 2020 __________________________________________________________________________________ ## Structure, Governance and Management The Parochial Church Council of St Peter and St Mary, Stowmarket is a body established by the Church of England. The PCC operates under the Parochial Church Powers measure 1956, as amended, and Church Representation Rules. The PCC is also registered as a charity with the Charity Commission in England and Wales, charity no. 1132857, and the PCC members form the Board of Trustees of the Charity. ## Trustees The Trustees who served during the year were: ## Rev’d Michael Eden (Chairman) Joan Peachey (Vice Chairman) (Term ended 11th October 2020) Martin Gray (Deputy Chair and Assistant Churchwarden) (Appointed 11th October 2020) Marion Gray (Churchwarden and Deanery Representative) Daniel Sparks (Churchwarden) (Appointed 11th October 2020) Rev. Richard Stretch (Curate) Matt Levett (Deanery Representative) (Appointed 11th October 2020) Geoff Marchant (Treasurer and Deanery Representative) (Resigned May 2020) Roy Pettitt (Deanery Representative) (Term ended 11th October 2020) Judy Eden Tony Ingham Margaret Marvell (Term ended 11th October 2020) Zoe Davies Helen Buckley Gloria Gord Charlotte Whyte Wesley Gerald Barnett (Assistant Churchwarden) (Appointed 11th October 2020) Michael Munson (Appointed 11th October 2020) Eugene Milne (Appointed 11th October 2020) ## Administration of the Charity The Charity is administered by the Board of Trustees, which is the Parochial Church Council. The Trustees meet physically every month (except in August and December) to review the performance and governance of the Charity. The PCC has various committees reporting to it, grouped into three areas: Building and Finance; Mission and Outreach; Ministry and Worship. The PCC establishes other committees as required to deal with specific issues and events. ## Recruitment, appointment and training of Trustees The appointment of PCC members is governed by and set out in the Church Representation Rules. Members are appointed at the Annual Parochial Church Meeting and additional members can be coopted by the appointed members. The Board recognises the need of Trustees to reflect a wide and diverse range of skills and interests. The Trustees will periodically review the composition of the Board, identifying the need for additional expertise where necessary. The majority of Trustees are identified through word of mouth and knowledge of the Charity. Trustees will review any potential candidate to ensure that they complement the Charity and the Board. Newly nominated trustees are usually briefed by the Chairman and receive background information on the Charity as necessary. 2020 Annual Report Page 6 The Parochial Church Council of St Peter & St Mary, Stowmarket Trustee’s Report for the Year ended 31st December 2020 __________________________________________________________________________________ ## Risk Assessment Systems have been established which mitigate the major risks to which the Church is exposed. Risks arising from the Covid-19 pandemic were carefully assessed and appropriate measures were put in place. ## Trustees’ Responsibilities The Charity Trustees are responsible for preparing a Trustees’ annual report and 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 and 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 the financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the applicable Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the Financial Statements; and - prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the Charity will 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 to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the requirements of the Church of England. They are also responsible for safeguarding the assets of the Charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the Charity and financial information included on the Charity’s website. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements may differ from legislation in other jurisdictions. Approved by the Trustees on 22[nd] March 2021 and signed on their behalf by: 2020 Annual Report Page 7 Independent Examiner’s Report The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ ## Independent Examiner’s Report ## Independent Examiner’s Report to the Trustees of The Parochial Church Council of St Peter and St Mary, Stowmarket I report on the Financial Statements of the Charity for the year ended 31 December 2020, which are set out on pages 9 to 20. ## Respective Responsibilities of Trustees and Examiner The Charity’s Trustees are responsible for the preparation of the Financial Statements. The Charity’s Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011, and that an independent examination is needed. It is my responsibility to:- - examine the Financial Statements under section 145 of the Act; - follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Act; and - state whether particular matters have come to my attention. ## Basis of Independent Examiner’s Report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the Financial Statements presented with those records. It also includes consideration of any unusual items or disclosures in the Financial Statements, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below. ## Independent Examiner’s Statement In connection with my examination, no matter has come to my attention:- - (1) which gives me reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with section 130 of the 2011 Act; and - to prepare Financial Statements which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or - (2) or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the Financial Statements to be reached. Geoff Mann FCIE Geoff Mann Limited Dee House Highworth Avenue Cambridge CB4 2BQ 2020 Annual Report Page 8 Statement of Financial Activities for Statement of Financial Activities for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2020 The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ ## Statement of Financial Activities for the year ended 31 December 2020 |Notes
**Income**
Donations and Legacies
Other Trading Activities
Investments
Charitable Activities
Other
**Total Income**
1 and 2
**Expenditure**
Charitable Activities
Raising Funds
**Total Expenditure**
1 and 3
**Net Income/(Expenditure)**
**Transfers Between Funds**
5
**Net Income/(Expenditure) and Net Movement**
**in Funds before gains and losses on investments**
**Other Recognised Gains and Losses**
**Realised Gains/(Losses) on Investments**
8b
**Movement in Funds for the Year**
**Reconciliation of Funds**
**Total Funds Brought Forward**
**Total Funds Carried Forward**|2020
2019
Unrestricted Restricted Endowment
Total
Unrestricted Restricted Endowment
Total
Funds
Funds
Funds
Funds
Funds
Funds
Funds
Funds
£
£
£
£
£
£
£
£
75,493
76,812
0
152,305
80,617
92,962
0
173,579
0
6,660
0
6,660
0
16,579
0
16,579
1,215
265
0
1,480
1,343
471
0
1,814
5,219
61,425
0
66,644
17,653
72,469
0
90,122
34
0
0
34
240
0
0
240| |---|---| ||81,961
145,162
0
227,123
99,853
182,481
0
282,334| ||115,867
166,225
0
282,092
118,934
84,719
0
203,653
94
1,039
0
1,133
119
2,364
0
2,483| ||115,961
167,264
0
283,225
119,053
87,083
0
206,136| ||(34,000)
(22,102)
-
(56,102)
(19,200)
95,398
-
76,198
18,830
(18,830)
-
-
27,760
(27,760)
-
-| ||-15,170
-40,932
0
-56,102
8,560
67,638
0
76,198
-
-
2,276
2,276
-
-
5,199
5,199| ||-15,170
-40,932
2,276
-53,826
8,560
67,638
5,199
81,397
310,496
195,179
32,965
538,640
301,936
127,541
27,766
457,243| ||295,326
154,247
35,241
484,814
310,496
195,179
32,965
538,640| ## **Statement of Total Recognised Gains and Losses** There were no recognised gains or losses for 2020 or 2019 other than those included in the Statement of Financial Activities 2020 Annual Report Page 9 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2020 The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ ## Balance Sheet as at 31 December 2020 |Notes
**Fixed Assets**
Tangible assets
Investments
**Total Fixed Assets**
8
**Current Assets**
Stock
Debtors
9
Short term deposits
Cash at bank and in hand
**Total Current Assets**
**Liabilities**
Creditors: amounts falling due
within one year
10
**Net Current Assets**
**Net Assets**
**The Funds of the Charity**
11
Unrestricted
Restricted
Endowment
**Total Charity Funds**
12|2020
2019
£
£
£
£
230,826
231,856
35,241
32,965
266,067
264,821
1,007
999
19,888
47,391
177,654
176,614
38,206
69,495
236,755
294,499
18,008
20,680
218,747
273,819
484,814
538,640
295,326
310,496
154,247
195,179
35,241
32,965
484,814
538,640| |---|---| ||| Authorised by the Parochial Church Council on 22nd March 2021 and signed on its behalf by: 2020 Annual Report Page 10 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2020 The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ ## Notes to the Financial Statements for the year ended 31 December 2020 ## 1. Accounting Policies a) Basis of Preparation The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost of transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) as updated on 2 February 2016 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The accounts have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and updated February 2016 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Charity constitutes a public benefit entity as defined by FRS 102. The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern. ## b) Fund Accounting The General Fund represents funds of the PCC that are not subject to any restrictions regarding their use and are available for application to the general purposes of the Charity. Some of the other funds are similarly unrestricted, some are designated, and some are restricted. Designated funds are those that have been earmarked for a purpose but could still be used for general purposes if the PCC decided to do so. Restricted funds may only be used for the purpose for which they are given. The purpose of any designated and restricted funds is included within note 12. The PCC does not invest separately for each fund and interest is apportioned. ## c) Income All income is recognised once the charity has entitlement to the income and there is sufficient certainty of receipt so that it is probable that the income will be received, and the amount of income receivable can be measured reliably. Planned giving, collection and donations are recognised when received. Income Tax recoverable on Gift Aid donations is recognised when the income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its receipt by the PCC is reasonably certain. ## d) Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. The Parish Share was paid in full during the year. ## e) Irrecoverable VAT Irrecoverable VAT is charged against the expenditure heading for which it was incurred. ## f) Fixed Assets Consecrated and beneficed property is excluded from the accounts in accordance with the Charities Act 2011. Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's inventory, which can be inspected by arrangement. For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. All expenditure incurred in the year on consecrated or beneficed buildings is written off. No cost information is available for St Peter's Hall or St Mary's Hall. Both appear in the financial statements at their insurance valuations in 1997 when they were first included. No depreciation has been provided as the buildings have long lives and the residual values are considered to be higher than the book values. The cost of alterations to provide and improve an outside play area has been capitalised and is being depreciated over10 years. Investments are valued at market value at 31 December 2020. Equipment is depreciated on a straight-line basis over 5 to 10 years according to its expected useful life. Items such as the silverware and handbells are not depreciated as they are expected to retain their value. ## g) Current Assets Amounts owing to the PCC at 31 December 2020 in respect of fees, rents or other income are shown as debtors less any provision for amounts that may prove uncollectable. Stock of saleable items, where material, is valued at the lower of cost and net realisable value. Short-term deposits are defined as balances held on deposit with CAF Bank and the Central Board of Finance Church of England Deposit Fund. 2020 Annual Report Page 11 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2020 The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ |**2(a).**
**Income (2020)**
**Donations and Legacies**
Planned Giving
Gift Aid Donations
Income Tax recoverable
Other Planned Giving
Open Collections
Donations
Stowmarket Church Charity
Listed Places of Worship Scheme
Grants
**Other Trading Activities**
Fund Raising Events
Income Tax Recoverable
**Investments**
Interest
**Charitable Activities**
St Peter and St Mary's Pre-School
Church Rent
Church Hall Rents
St Peter's
St Mary's
Café 52
Fees
**Other**
Miscellaneous Sales
**Total Income**
**Notes**
**2(b).**
**Income (2019)**
**Donations and Legacies**
Planned Giving
Gift Aid Donations
Income Tax recoverable
Other Planned Giving
Open Collections
Donations
Stowmarket Church Charity
Listed Places of Worship Scheme
Grants
**Other Trading Activities**
Fund Raising Events
Income Tax Recoverable
**Investments**
Interest
**Charitable Activities**
St Peter and St Mary's Pre-School
Church Rent
Church Hall Rents
St Peter's
St Mary's
Café 52
Fees
**Other**
Miscellaneous Sales
**Total Income**
*Pre-School Outside Play Area
**Notes**|**Unrestricted Funds**|**Restricted Funds**| |---|---|---| ||General
Other
Total
Fund
Funds
Funds|Fabric
Pre school
Other
POPA*
Special
Total
Fund
Funds
Fund
Collections
Funds| ||38,799
38,799
10,073
10,073
13,254
13,254
2,424
2,424
292
-
292
-
833
833
9,818
9,818|-
-
-
-
8,160
2,165
1,765
12,090
15,000
15,000
9,142
9,142
1,590
38,990
40,580| ||75,493
-
75,493|9,750
-
65,297
-
1,765
76,812| ||-
-|1,485
2,434
3,919
2,302
439
2,741| ||-
-
-|3,787
-
2,873
-
-
6,660| ||32
1,183
1,215|93
172
265| ||32
1,183
1,215|93
-
172
-
-
265| ||-
374
374
1,087
1,087
1,971
1,971
336
336
1,451
1,451|61,395
61,395
-
-
-
-
30
30| ||5,219
-
5,219|-
61,395
30
-
-
61,425| ||34
34
34
-
34|-
-| |||-
-
-
-
-
-| ||**80,778**
**1,183**
**81,961**|**13,630**
**61,395**
**68,372**
**-**
**1,765**
**145,162**| ||**13**
**16**
**14**
**15**
**16**
**17**|| ||**Unrestricted Funds**|**Restricted Funds**| ||General
Other
Total
Fund
Funds
Funds|Fabric
Pre school
Other
POPA*
Special
Total
Fund
Funds
Fund
Collections
Funds| ||41,286
41,286
11,483
11,483
14,402
14,402
6,633
6,633
390
6,000
6,390
-
423
423
-|-
-
-
-
1,069
4,291
4,576
9,936
22,000
22,000
6,226
6,226
1,250
53,550
54,800| ||74,617
6,000
80,617|2,319
-
86,067
-
4,576
92,962| ||-
-|11,497
3,569
15,066
1,044
469
1,513| ||-
-
-|12,541
-
4,038
-
-
16,579| ||43
1,300
1,343|164
307
471| ||43
1,300
1,343|164
-
307
-
-
471| ||-
803
803
5,922
5,922
7,130
7,130
1,009
1,009
2,789
2,789|72,409
72,409
-
-
-
-
60
60| ||17,653
-
17,653|-
72,409
60
-
-
72,469| ||240
240
240
-
240|-
-| |||-
-
-
-
-
-| ||**92,553**
**7,300**
**99,853**|**15,024**
**72,409**
**90,472**
**-**
**4,576**
**182,481**| ||**13**
**16**
**14**
**15**
**16**
**17**|| 2020 Annual Report Page 12 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2020 The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ |**3(a).**
**Expenditure (2020)**
**Charitable Activities**
Missionary and Charitable Giving
Church Overseas
Missionary Societies
Relief and Development Agencies
Other Donations
Ministry
Diocesan Parish Share
Expenses Vicar
Church
Maintenance
Property Expenses
Parochial Expenses
Weddings and Funerals
Café 52
St Peter and St Mary's Pre-School
Depreciation
Anonymous gift
St Peter's Hall
St Mary's Hall
Administration
Independent Examiner
**Raising Funds**
Stewardship Expenses
Expenses of Fundraising
**Total Expenditure**
**Notes**
**3 (b)**
**Expenditure (2019)**
**Charitable Activities**
Missionary and Charitable Giving
Church Overseas
Missionary Societies
Relief and Development Agencies
Other Donations
Ministry
Diocesan Parish Share
Expenses Vicar
Church
Maintenance
Property Expenses
Parochial Expenses
Weddings and Funerals
Café 52
St Peter and St Mary's Pre-School
Depreciation
St Peter's Hall
St Mary's Hall
Administration
Independent Examiner
**Raising Funds**
Stewardship Expenses
Expenses of Fundraising
**Total Expenditure**
*Pre-School Outside Play Area
**Notes**|**Unrestricted Funds**|**Unrestricted Funds**|**Restricted Funds**| |---|---|---|---| ||General
Other
Total
Fund
Funds
Funds||Fabric
Pre school
Other
POPA*
Special
Total
Fund
Funds
Fund
Collections
Funds| ||-
-
1,000
1,000
500
500||-
-
-
1,865
1,865| ||1,500
-
1,500
73,513
73,513
2,182
2,182
5,749
5,749
9,447
9,447
4,031
4,031
-
-
619
619
-
1,766
83
1,849
3,790
3,790
4,596
4,596
6,554
6,554
1,775
1,775
262
262||-
-
-
-
1,865
1,865
-
-
89,758
89,758
-
1,479
1,479
-
-
63,285
63,285
943
415
1,358
-
8,480
8,480
-
-
-| ||111,994
3,873
115,867||8,480
63,285
92,180
415
1,865
166,225| ||94
94
-||-
1,039
1,039| ||94
-
94||1,039
-
-
-
-
1,039| ||**112,088**
**3,873**
**115,961**||**9,519**
**63,285**
**92,180**
**415**
**1,865**
**167,264**| ||**13**
**14**
**15**
**16**
**12**
**17**||| ||**Unrestricted Funds**||**Restricted Funds**| ||General
Other
Fund
Funds|Total
Funds|Fabric
Pre school
Other
POPA*
Special
Total
Fund
Funds
Fund
Collections
Funds| ||-
1,000
500|-
1,000
500|-
2,113
2,113
2,463
2,463| ||1,500
-
72,892
2,644
3,445
12,230
4,794
12
1,073
2,447
83
6,966
8,903
1,706
239|1,500
72,892
2,644
3,445
12,230
4,794
12
1,073
-
2,530
6,966
8,903
1,706
239|-
-
-
-
4,576
4,576
-
-
6,226
6,226
-
1,063
1,063
-
-
61,701
61,701
730
414
1,144
10,000
10,000
-
9
9
-| ||118,851
83|118,934|10,009
61,701
8,019
414
4,576
84,719| ||119|119
-|-
2,364
2,364| ||119
-|119|2,364
-
-
-
-
2,364| ||**118,970**
**83**|**119,053**|**12,373**
**61,701**
**8,019**
**414**
**4,576**
**87,083**| ||**13**|**14**
**15**
**16**
**12**
**17**|| 2020 Annual Report Page 13 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2020 The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ ## **4.** |**Staff Costs**
The staff costs were:
Wages and Salaries
Employer's National Insurance|**2020**
**2019**
**£**
**£**
62,706
61,148
-
-| |---|---| ||62,706
61,148| During the year the PCC employed 8 Pre-School staff and 2 cleaners, all of whom were part time. No member of staff received remuneration of more than £60,000. The PCC did not pay remuneration to any of the Trustees in the year; expenses totalling £2,155 (2019 - £2,641) were re-imbursed to 1 Trustee (2019-1) ## **5. Transfers Between Funds** |Church Charity
Donations
Miss H Finbow legacy
Pre-School
Verger Fund|**General**
**Other Funds**
**Total Funds**
**Fund**
**Unrestricted**
**Unrestricted**
**£**
**£**
**£**
15,000
-
15,000
(100)
-
(100)
10,000
(10,000)
-
3,900
-
3,900
30
-
30|**Pre-School Other Funds**
**Total Funds**
**Restricted**
**Restricted**
**£**
**£**
**£**
-
(15,000)
(15,000)
-
100
100
-
-
(3,900)
-
(3,900)
-
(30)
(30)| |---|---|---| ||28,830
(10,000)
18,830|(3,900)
(14,930)
(18,830)| Church Charity: The £15,000 transfer relates to Church Charity funds which can be allocated to the General Fund for the furtherance of the Charity's aims at the discretion of the PCC. Donations This transfer is needed to offset an accrued donation which was not received. Miss H Finbow legacy See note 16 Pre-School: The transfer from Pre-School to the General Fund is the amount payable to the PCC in respect of the rental of St Mary's Hall for the year. Verger Fund: This transfer relates to waived Verger fees. ## **6. Movement in Funds for the Year** |**Movement in Funds for the Year**||| |---|---|---| |The movement in funds for the year is stated after charging:|**2020**|**2019**| ||**£**|**£**| |Independent Examination fee|262|239| |Additional payments to examiner for preparation of Financial Statements|716|716| |Depreciation of Owned Assets|3,207|6,186| ## **7.** ## **Related Party Transactions** There were no related party transactions during the year ended 31/12/2020. Some of the Trustees of the Stowmarket Church Charity are also members of the PCC. During the year £15,000 (2019 - 22,000) was paid by the Church Charity to the church. During the year donations of £16,322 (2019 - £19,167) were received by the Church from 11 (2019-10) Trustees. ## **8(a) Tangible Fixed Assets** |**Tangible Fixed Assets**
Cost
Balance at 1 January 2020
Additions
Disposals
Balance at 31 December 2020
Depreciation
Balance at 1 January 2020
Charge for the year
Disposals
Balance at 31 December 2020
Net Book Value
At 31 December 2020
At 1 January 2020|**Functional**
**Total**
**equipment**
**£**
**£**
**£**
221,943
69,217
291,160
-
2,177
2,177
-
-
-
**Freehold land**
**and buildings**| |---|---| ||221,943
71,394
293,337
25,287
34,017
59,304
415
2,792
3,207
-
-
-| ||25,702
36,809
62,511
196,241
34,585
230,826| ||196,656
35,200
231,856| 2020 Annual Report Page 14 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2020 The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ |**8(b).**
**Fixed Assets Investments**
CBF Investment Fund (1,723.56 shares)
Market Value at beginning of year
Net Gain/(Loss) on Disposal/Revaluation
Market Value at end of year
**9.**
**Debtors falling due within one year**
Prepayments and Accrued Income
Other Debtors
**10.**
**Creditors falling due within one year**
Accruals and Deferred Income
Creditors for Goods and Services
**11**
**Analysis of Net Assets by Funds**
Tangible Fixed Assets
Fixed Assets Investments
Net Current Assets|**2020**
**2019**
**Cost**
**Market**
**Cost**
**Market**
**Value**
**Value**
**£**
**£**
**£**
**£**
14,484
35,241
14,484
32,965|**2020**
**2019**
**Cost**
**Market**
**Cost**
**Market**
**Value**
**Value**
**£**
**£**
**£**
**£**
14,484
35,241
14,484
32,965|**2020**
**2019**
**Cost**
**Market**
**Cost**
**Market**
**Value**
**Value**
**£**
**£**
**£**
**£**
14,484
35,241
14,484
32,965| |---|---|---|---| ||**Unrestricted**
**Funds**
225,703
-
69,623|32,965
27,766
2,276
5,199
35,241
32,965
**2020**
**2019**
**£**
**£**
17,341
45,405
2,547
1,986
19,888
47,391
**2020**
**2019**
**£**
**£**
10,508
13,269
7,500
7,411
18,008
20,680
**Restricted**
**Endowment**
**Total**
**Funds**
**Funds**
**Funds**
5,123
-
230,826
-
35,241
35,241
149,124
-
218,747|| |||**Restricted**
**Funds**
5,123
-
149,124|| ||||19,888
47,391| ||||**2020**
**2019**
**£**
**£**
10,508
13,269
7,500
7,411| ||||18,008
20,680| ||||**Endowment**
**Total**
**Funds**
**Funds**
-
230,826
35,241
35,241
-
218,747| ||295,326
154,247
35,241
484,814||| 2020 Annual Report Page 15 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2020 The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ ## **12. Fund analysis and Descriptions** |**Notes**
**Unrestricted Funds**
General Fund
13
Other Funds
16
Capital Fund
**Restricted Funds**
Fabric Funds
14
St Peter and St Mary's Pre-School
15
Pre-School Outside Play Area
Other Funds
16
Sarginson Memorial Capital Fund
Special Collections
17
**Endowment Fund**
Finbow Trust
8(b)
**Total Funds**|**Brought**
**Income**
**Expenditure**
**Transfers**
**Gain on**
**Carried**
**Forward**
**Investment**
**Forward**
**£**
**£**
**£**
**£**
**£**
**£**
30,635
80,778
112,088
28,830
-
28,155
60,822
1,183
3,873
(10,000)
-
48,132
219,039
-
-
-
-
219,039| |---|---| ||310,496
81,961
115,961
18,830
-
295,326
48,488
13,630
9,519
-
-
52,599
30,240
61,395
63,285
(3,900)
-
24,450
1,382
-
415
-
-
967
114,669
68,372
92,180
(15,030)
-
75,831
400
-
-
-
-
400
-
1,765
1,865
100
-
-| ||195,179
145,162
167,264
(18,830)
-
154,247
32,965
-
-
-
2,276
35,241| ||**538,640**
**227,123**
**283,225**
**-**
**2,276**
**484,814**| ## **General Fund (note 13)** The General Fund represents funds which are available for the application and general purpose of the PCC in furtherance of its charitable objectives. ## **Capital Fund** The Capital Fund was created in 1997 when assets were first shown in the accounts. ## **Fabric Fund (note 14)** This fund includes funds designated for the restoration of the church building and includes money restricted by donors. Some donations are made for specific projects and are thus further restricted. The objects of the 3Rs Fund are a programme of restoration, renovation and reordering of all the church buildings as required. ## **St Peter and St Mary's Pre-School (note 15)** The Pre-school raises funds, partly by charging fees for attendance, but also receives funding from the Department for Education and Employment. From this income it meets its staff and other operating costs and purchases play equipment, which is normally written off in the year of purchase. Within the balance carried forward is £17,000 ring-fenced for redundancy pay should it be required. ## **Pre-school Outside Play Area** This fund represents the fixed assets of the outside play area of the Pre-school. ## **Other Funds (note 16)** Other funds relates to other various items which are administered by the charity. These are reviewed in detail per note 16. ## **Sarginson Memorial Capital Fund** This fund provides income for the purchase of flowers for the decoration of the Sarginson Memorial. ## **Special Collections** Special collections relates to amounts collected on behalf of other charities. The total of items received is paid over to the respective charity, as intended by the donor. ## **Endowment** The endowment amount relates to a legacy received from Miss H Finbow, the capital of which is held by the Diocese. Transfers which have occurred during the year above have been detailed further in Note 5 of the financial statements. 2020 Annual Report Page 16 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2020 The Parochial Church Council of St Peter & St Mary, Stowmarket |3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59|**General Fund**
**13.**|**2020**|**2019**|**_Budget_**
**_2020_**| |---|---|---|---|---| ||**Income**
**Income from members and visitors**
Planned Giving:
4,120
Gift Aid Donations
4,101
Income Tax recoverable
4,121
Charities Aid and Other Planned Giving
4,122
Open Collections
4,123
Donations
**Total Income from members and visitors**
**Income from Parochial Activities**
4306
Rent
Church
4302
Rent
St Peter's Hall
4303
Rent
St Mary's Hall (excl.Pre-School)
4301
Cafe 52
Income
4300
Fees
Weddings and Funerals
4308
Miscellaneous Income
**Total Income from Parochial Activities**
Listed Places of Worship Scheme VAT refund
Grants Stowmarket Town Council
Coronavirus Job Retention Scheme Grants
Other grants
4107
Bank Interest
**Total Income**|**£**
#REF!
38,799
10,073
13,254
2,424
292|**£**
41,286
11,483
14,402
6,633
390|**_£_**
_41,000_
_11,400_
_14,750_
_6,800_
_400_| |||**64,842**
374
1,087
1,971
336
1,451
34|**74,194**
803
5,922
7,130
1,009
2,789
240|**_74,350_**
_900_
_6,100_
_7,200_
_1,200_
_3,000_
_250_| |||**5,253**
833
1,000
1,418
7,400
32|**17,893**
423
-
-
-
43|**_18,650_**
_500_
_-_
_-_
_6,000_
_10_| |||**_80,778_**|**_92,553_**|**_99,510_**| ||**Expenditure**
**Donations**
6560
6561
**Activities directly relating to the work of the Church**
6500
Ministry Parish Share:
6510
Expenses paid to Vicar and Assistants
6450
Church Maintenance
Church Property Expenses
Parochial Expenses
Weddings and Funerals
Administration
6317
Independent Examination
6312
Stewardship Envelopes
Cafe 52
St Peter's Hall - Property Expenses
St Mary's Hall - Property Expenses
**Total Expenditure**|#REF!
1,500
73,513
2,182
5,749
9,447
5,797
-
1,775
262
94
619
4,596
6,554|1,500
72,892
2,644
3,445
12,230
7,241
12
1,706
239
119
1,073
6,966
8,903|_1,500_
_73,513_
_2,700_
_4,000_
_12,550_
_7,400_
_35_
_1,500_
_250_
_90_
_1,100_
_7,150_
_9,150_| |||**112,088**|**118,970**|**_120,938_**| ||**Deficit for year before transfers**
Transfer from Special Funds - Church Charity
Transfer from Miss H Finbow legacy
Rent paid by Pre-School to PCC
Transfer from Verger Fund
Transfer to donations
Transfer to Legacies Fund
**Surplus (deficit) for year**
Surplus brought forward
**Balance on General Fund**|**(31,310) **
15,000
10,000
3,900
30
(100)|**(26,417)**
22,000
-
5,700
60
-
(399)|**_(21,428)_**
_17,000_
_3,900_| |||**(2,480)**
30,635|**944**
29,691|**_(528)_**
_30,635_| |||**28,155**|**30,635**|**_30,107_**| |||||| 2020 Annual Report Page 17 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2020 The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ |3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70|**14. Fabric Funds**|**Balance**
**January 2020**|**Balance**
**January 2020**|
**Received 2020 and**
**transfers in**|
**Received 2020 and**
**transfers in**|**Paid 2020 and**
**transfers out**|**Paid 2020 and**
**transfers out**|**Bala**
**Decemb**|**nce**
**er 2020**| |---|---|---|---|---|---|---|---|---|---| ||**3Rs - Restoration, Renovation and Reordering**
Donations
Gift Aided Donations
Boot Sales
Christmas Tree Festival Dons
Christmas Tree Festival (Gift Aided)
Christmas Tree Festival Other
Other Fundraising
Income tax recoverable
Interest
Gift Aided Fundraising
Grant Stowmarket Town Council
Other Grants
Christmas Tree Festival Card Dons
Christmas Tree Festival Card Dons GA
West End Project
Bank charges
Chancels Fund
**Total Fabric Funds**|Unrestricted
**£**|Restricted
**£**
47,412
1,076|Unrestricted
**£**|Restricted
**£**
150
8,010
106
674
10
183
327
2,302
93
-
480
1,110
165
20
-|Unrestricted
**£**|Restricted
**£**
1,047
(8)
8,480
-|Unrestricted
**£**|Restricted
**£**| ||||||||||51,523
1,076| |||-|48,488|-|13,630|-|9,519|-|52,599| ||||||||||| ||||||||||| ||**15. St Peter and St Mary's Pre-School**|||||||**2020**|**2019**| |||||||||Restricted
**£**|Restricted
**£**| ||**Balances brought forward**
Pre-school General Fund
Redundancy Fund||||||||| |||||||||15,840
14,400|13,911
12,000| |||||||||30,240|25,911| ||**Income**
Fees
Funding from Department for Education and Employment
Zoo trip
Polo shirts and Sweatshirts
Other
**Total income**|||||||1,407
59,784
-
204|2,188
69,514
437
270
-| |||||||||61,395|72,409| ||**Expenditure**
Staff
Refreshments
Equipment
Administration
PLA subs and insurance
Outside Area Roof Renewal
Nursery World
T Shirts and Uniforms
Ofsted
Gifts and Farewells
Laptop computer
Tapestry System
Zoo trip
Playworld
Training
Sundry
Other
Transfer to POPA fund (Playhouse)
Rent paid to PCC
Transfer to Redundancy Fund
**Total Expenditure**|||||||58,306
444
1,517
760
678
-
74
254
50
42
255
-
-
-
906
-
-|56,539
569
1,319
566
669
-
74
457
50
60
-
-
753
122
490
24
9| |||||||||63,285
0
3,900
2,600|61,701
679
5,700
2,400| |||||||||69,785|70,480| ||**Surplus (Deficit) for year**|||||||(8,390)|1,929| ||**Balances carried forward**
Pre-school General Fund
RedundancyFund|||||||7,450
17,000|15,840
14,400| ||**Total Pre-school funds**|||||||24,450|30,240| 2020 Annual Report Page 18 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2020 The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ |3
4
5
6
7
8
9
10
11
12
13
14
15
16
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
37
38
39
40
41
42
43
44
45
46|**16. Other Funds**|**Balance**
**January 2020**|**Balance**
**January 2020**|
**Received 2020 and**
**transfers in**|
**Received 2020 and**
**transfers in**|**Paid 2020 and**
**transfers out**|**Paid 2020 and**
**transfers out**|**Balance**
**December 2020**|**Balance**
**December 2020**| |---|---|---|---|---|---|---|---|---|---| ||Interest
_Transferred to General Fund_
**Legacies**
**Miss H Finbow**
Transferred to General Fund
Interest
**Ms J McLeod**
Interest
**Mrs M Cawte**
Interest
**Ms E Cobbold**
Interest
**Other**
Adamson Legacy
Seeley Legacy
Anonymous Gift
**CCTV Fund**
**Roof Alarm Fund**
**Defibrillator Fund**
**Greensward Fund**
**Audio Visual (see note 22)**
**Sarginson Memorial Fund**
Interest
**Bell Fund**
Income
Expenditure
**Bells Restoration Fund (see note 23)**
**Oldfield Fund**
Legacy: lectern
Legacy: balance
**Youth**
BBGA (see note 24)
**Verger Fund Waived fees**
**Total Other Funds**
**Stowmarket Church Charity**|Unrestricted
**£**
12,208
5,023
33,398
503|Restricted
**£**
-|Unrestricted
**£**
989
57
136|Restricted
**£**
15,000
-|Unrestricted
**£**
10,000|Restricted
**£**
15,000|Unrestricted
**£**
3,197
5,080
33,534
503
2,000
1,399
1,210
144
250
498
316|Restricted
**£**
-
-
1,145
650
5
17,733
175
194
53,778
-
-
2,151
-| |||2,000
1,399
5,000||||3,790|||| |||144
250
581
316|385
1,375
760
5
18,171
174
194
92,864
741||827
1
50,672
1,842
30|83|385
230
110
1,265
89,758
432
30||| |||60,822|114,669|1,183|68,372|13,873|107,210|48,132|75,831| **Stowmarket Church Charity:** This charity provides funds for the use of the PCC as described in the Trust Deed. **Legacy Miss H Finbow:** This is an Endowment Fund, the income from which is unrestricted. The Capital is held by the Diocese. **CCTV:** This is a receipt for the use of the church tower to mount a relay for the town council TV system. The money was used to provide electric winding for the tower clock, the manual winding of which was the responsibility of the Town Council. Depreciation of the winding equipment is charged to the fund. **Sarginson Memorial Fund:** This fund is restricted to the purchase of flowers for the decoration of the Sarginson Memorial. **Bell Fund:** The church receives fees from wedding couples and others who wish the bells to be rung, and normally uses the money to pay bell ringers and to finance minor repairs to the bells. **Roof Alarm Fund:** The roof alarm was part-funded by a grant from the Suffolk Historic Churches Trust. Depreciation of the grant-funded portion is charged to this fund. **Defibrillator Fund:** A grant was provided by Mid-Suffolk District Council for purchase of a defibrillator and associated training and/or signage costs. **Bells Restoration Fund:** The Bells Restoration Fund has been established to enable the restoration and enhancement of the bells and bell frame in the church tower. **Oldfield:** A donation was received from the estate of the late Edwin Oldfield. A memorial lecturn was purchased, the depreciation of which is charged to this fund. **Verger:** This fund contains fees received as agent for 3rd parties providing service at weddings and funerals. Entries here represent waived fees. Other funds are self-explanatory. 2020 Annual Report Page 19 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2020 The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ |5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38|17. Special Collections and Donations|17. Special Collections and Donations|17. Special Collections and Donations|17. Special Collections and Donations|||18. PropertyExpenses||| |---|---|---|---|---|---|---|---|---|---| ||Food Bank
Royal British Legion
Town Mayor's Charities
RAFA
Leprosy Mission
Tear Fund
Gideons
UCB
Kagera
RSVP
Accrued donation not receive|**Special Collections**
**(Restricted)**||
**from**
**PCC**
**Funds**|**from**
**PCC**
**Funds**||**Church**
Gas
Electricity
Insurance
Other
**St Peter's Hall**
Gas
Electricity
Insurance
Cleaning
Major repairs
Other
**St Mary's Hall**
Electricity
Insurance
Cleaning
Internet
Major repairs
Other|**2020**|**2019**| |||**Rec'd**
**2020**
**£**
1,765
0
0
0
0
0
0
0
0
0
d|**Paid**
**2020**
**£**
1,765
0
0
0
0
0
0
0
0
0
100|**Paid**
**2020**
**£**
500
0
0
0
0
0
0
500
500
0|**Paid**
**2019**
**£**
500
0
0
0
0
0
0
500
500
0|||**£**
2,761
1,616
4,706
364|**£**
4,267
2,087
4,690
1,186| ||||||||||12,230| |||||||||9,447|| |||||||||356
482
-
1,866
-
1,892|571
703
-
1,984
2,489
1,219| |||||||||4,596|6,966| |||||||||3,237
2,534
18
765|3,458
-
2,625
194
1,770
856| |||1,765|1,865|1,500|1,500|||6,554|8,903| ||||||||||| |39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54|19. Parochial Expenses||||20. Café 52 Expenses||| |---|---|---|---|---|---|---|---| ||Depreciation
Mission and Evangelism
Expenses of Church Services
Literature and Books
Music
Stationery
Subscriptions
Bank Charges
Other|**2020**|**2019**||Electricity
Insurance
Cleaning
Repairs
Other|**2020**|**2019**| |||**£**
1,766|**£**
2,447
-
945
81
897
1,755
163
65
888|||**£**
340
-
-
-
279|**£**
445
109
-
-
519| |||40|||||| |||632
87
972
853
95
61
1,291|||||| ||||||||| ||||||||| |||||||619|1,073| ||||||||| |||5,797|7,241||||| ||||||||| |55
56
57
58
59
60
61
62
63|21. Administration||| |---|---|---|---| ||Accountancy
Internet
Telephone
Other|**2020**|**2019**| |||**£**
750
-|**£**
750
-
956
-| |||1,025|| |||-|| |||1,775|1,706| ||||| 2020 Annual Report Page 20 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2020 The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ |4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50|**22. Audio Visual Fund**|**Balance**
**January 2020**|**Balance**
**January 2020**|
**Received 2020 and**
**transfers in**|
**Received 2020 and**
**transfers in**|**Paid 2020 and**
**transfers out**|**Paid 2020 and**
**transfers out**|**Balance**
**December 2020**|**Balance**
**December 2020**| |---|---|---|---|---|---|---|---|---|---| ||AV equipment
Depreciation
Balance
Expenditure
Grant Income
Interest
Total|Unrestricted
**£**|Restricted
**£**
2,177
15,994|Unrestricted
**£**|Restricted
**£**
750
77|Unrestricted
**£**|Restricted
**£**
218
1,047|Unrestricted
**£**|Restricted
**£**
1,959
15,774| |||||||||-|17,733| ||||||||||| ||**23. Bells Restoration Fund**|**Balance**
**January 2020**||
**Received 2020 and**
**transfers in**||**Paid 2020 and**
**transfers out**||**Balance**
**December 2020**|| ||Donations
Donations Gift Aided
Fundraising Income
Listed Place of Worship VAT Grant
Other Grants
Interest
Gift Aid Tax
Expenditure in year|Unrestricted
**£**
250|Restricted
**£**
92,864|Unrestricted
**£**|Restricted
**£**
222
1,755
781
9,142
38,240
94
439|Unrestricted
**£**|Restricted
**£**
89,758|Unrestricted
**£**
250|Restricted
**£**
53,778| ||**24. Boys Brigade and Girls Association**
**Income**
**Expense**
**Income**
**Expense**
£
£
£
£
Subscriptions
46
334
Donations
1,654
Fundraising
142
Equipment
70
393
Activities
1
71
Events
118
33
Capitation
188
157
Other
55
40
89
Totals
1,842
432
374
743
**2020**
**2019**||||||||| ||**24. Boys Brigade and Girls Association**||||||||| ||Subscriptions
Donations
Fundraising
Equipment
Activities
Events
Capitation
Other
Totals||**2020**||**2019**||||| ||||**Income**|**Expense**|**Income**|**Expense**|||| ||||£|£|£|£|||| ||||46|70
1
118
188
55||393
71
33
157
89|||| ||||||334
40||||| ||||1,654||||||| ||||142||||||| ||||1,842|432|374||||| |||||||743|||| ||||||||||| 2020 Annual Report Page 21