2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Alveston

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			Page
Trustees' annual report
Independent examiner's report		to the trustees
Statement offinancial	activities
Statement offinancial	position
Notes to the financial	statements
The following pages	do not form part ofthe financial statements
Detailed statement of	financial	activities	21

Registered	Registered	charity	name	The Parochial	Church	Council of the Ecclesiastical
				Alveston
Charity registration			number	1132864
Principal	office			26 Kineton Road
				Welles bourne
				Warwick
				Warwickshire
				CV35 9LQ
The trustees
				Rev'd Canon R Williams
				D Johnston
				J Dale
				S Coton
				J Bellamy
				J Scrimshire
				S Richardson
				A Richardson
				T Lloyd-Adams
				N Johnson
				P Kemp
				R Lane
Ministry	Team
Vicar				Rev'd Canon Richard		Williams
Treasurer				David Johnston
Clerk to the		PCC		Kiri Harbottle
Parish Administrator				Stephanie Lane
Parish Safeguarding			Officer	Erica Johnston
Music
Organist	8 Choirmaster			Matthew Smallwood
Independent		examiner		Simon McLean	FCA
				Sycamore House
				Sutton Quays	Business Park
				Sutton Weaver
				Runcorn
				Cheshire
				WA7 3EH

Year ended 31	Dece	mber 202	0
					2020		2019
				Unrestricted	Restricted
				funds	funds	Total funds	Total funds
			Note
Income and endowments
Donations and legacies			4	127,300	14,543	141,843	104,607
Charitable activities			5	8560		8,560	19,910
Investment income			6	3234	2	3,236	2,797
Total income				139,094	14,545	153,639	127,314
Expenditure
Expenditure on charitable		activities	7,8	89,622	16,410	106,032	101,311
Other expenditure			9	5256		5,256	9,844
Total expenditure				94,878	16,410	111,288	111,155
Net gains on investments			10	6,837		6,837	9,887
Net income				51,053	(1,865)	49,188	26,046
Transfers between	funds			(2,196)	2,196
Net movement in	funds			48,857	331	49,188	26,046
Reconciliation offunds
Total funds brought	forward			305,254	18,590	323,844	297,798
Total funds carried forward				354,111	18,921	373,032	323,844

					2020	2019
				Note
Fixed assets
Tangible fixed assets				15	145,131	145,046
Investments				16	146,872	80,035
					292,003	225,081
Current assets
Debtors				17	10,272	13,482
Cash at bank	and	in	hand		77,330	93,708
					87,602	107,190
Creditors: amounts			falling due within one year	18	6,573	8,427
Net current	assets				81,029	98,763
Total assets	less	current liabilities			373,032	323,844
Net assets					373,032	323,844
Funds ofthe charity
Restricted funds					18,921	18,590
Unrestricted	funds				354,111	305,254
Total charity	funds			20	373,032	323,844

Donations	and legacies
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
Donations
Donations	and gifts	53,952	5,846	59,798
Grants and	donations		8,697	8,697
Gift aid		17,348		17,348
Legacies
Legacies		56,000		56,000
		127,300	14,543	141,843
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2019
Donations
Donations	and gifts	59,402	2,036	61,438
Grants and	donations	1,299	5,010	6,309
Gift aid		15,860		15,860
Legacies
Legacies		21,000		21,000
		97,561	7,046	104,607

Charitable activities
	Unrestricted	Total Funds	Unrestricted	Total Funds
	Funds	2020	Funds	2019
Hire ofSt. Peter's	2,897	2,897	9,912	9,912
Fees and other income	4,752	4,752	8,972	8,972
Hire ofSt.James	911	911	1,026	1,026
	8,560	8,560	19,910	19,910

nvestment income
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2020
Income from investments	3,004		3,004
Bank interest receivable	230	2	232
	3,234	2	3,236

nVeStment inCOme (continued)
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2019
Income from investments	2,334		2,334
Bank interest receivable	460	3	463
	2,794	3	2,797

Expenditur	e on charitab	le activities by fund t	ype
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2020
Promotion	ofthe Church	within the Parish	88,722	16,410	105,132
Support costs			900		900
			89,622	16,410	106,032
			Unrestricted	Restricted	Total Funds
			Funds	Funds	2019
Promotion	ofthe Church	within the Parish	93,171	7,240	100,411
Support costs			900		900
			94,071	7,240	101,311

Expenditure	on charitab	le activities	by activity type
			Activities
			undertaken	Support	Total funds	Total fund
			directly	costs	2020	2019
Promotion	ofthe Church	within the
Parish			105,132		105,132	100,411
Governance	costs			900	900	900
			105,132	900	106,032	101,311

				Unrestricted	Funds	Unrestricted	Funds
				Funds	2020	Funds	2019
Assigned	fees	to	Diocese	2,261	2,261	4,004	4,004
Honoraria				2,995	2,995	5,840	5,840
				5,256	5,256	9,844	9,844

10.	Net gains on	investmen	ts
						Unrestricted		Total	Funds	Unrestricted	Total Funds
							Funds		2020	Funds	2019
	Realised gains on fixed		asset
	investment						6,837		6,837	9,887	9,887
11.	Net income
	Net income is stated after			charging/(crediting):
										2020	2019
	Depreciation	of tangible	fixed assets							1,341	960
12.	Independent	examination		fees
										2020	2019
	Fees payable	to the independent			examiner for:
	Independent	examination		of the financial		statements				900	900
13.	Staff costs
	The total staff costs and		employee		benefits for		the reporting		period are	analysed as	follows:
										2020	2019
	Wages and salaries									13,792	3,744
	Employer contributions		to	pension	plans					202	16
	Recruitment	costs									44
										13,994	3,804

15.	Tangible fixed assets
		Freehold	Fixtures and
		property	fittings	Pieta	Total
	Cost
	At 1 January 2020	109,295	4,800	34,767	148,862
	Additions		1,426		1,426
	At 31 December 2020	109,295	6,226	34,767	150,288
	Depreciation
	At 1 January 2020		3,816		3,816
	Charge for the year		1,341		1,341
	At 31 December 2020		5,157		5,157
	Carrying amount
	At 31 December 2020	109,295	1,069	34,767	145,131
	At 31 December 2019	109,295	984	34,767	145,046
16.	Investments

Investments
	Listed
	investments
Cost or valuation
At 1 January 2020	80,035
Additions	60,000
Fair value movements	6,837
At 31 December 2020	146,872
Impairment
At 1 January 2020 and 31 December 2020
Carrying amount
At 31 December 2020	146,872
At 31 December 2019	80,035

17.	Debtors
					2020	2019
	Trade debtors				4,590	4,603
	Prepayments	and	accrued income		5,682
	Other debtors					8,879
					10,272	13,482
18.	Creditors: amounts			falling due within one year
					2020	2019
	Trade creditors				5,180	5,533
	Accruals and	deferred		income	1,393	1,569
	Charity donations		commitment			1,325
					6,573	8,427

							Gains and	At
		At	1 Jan 20	Income	Expenditure	Transfers	losses	31 Dec 20
General	funds		305,254	139,094	(94,878)	(2,196)	6,837	354,111
							Gains and	At
		At	1 Jan 19	Income	Expenditure	Transfers	losses	31 Dec 19
General	funds		279,017	120,265	(103,915)		9,887	305,254

Restricted	funds
						Gains and		At
		At1 Jan 20	Income	Expenditure	Transfers	losses	31	Dec 20
Bells fund		4,281	248	(252)				4,277
Charitable
donations		1,636	1,200	(635)	366			2,567
Old Church	fund	11,077		(1,529)				9,548
Youth 8 families
worker		1,596	13,097	(13,994)	1,830			2,529
		18,590	14,545	(16,410)	2,196			18,921
						Gains and		At
		At1 Jan19	Income	Expenditure	Transfers	losses	31	Dec 19
Bells fund		4,494	3	(216)				4,281
Town Trust		300		(300)
Charitable
donations		2,114	1,636	(2,114)				1,636
Old Church	fund	11,873	10	(806)				11,077
Youth 8 families
worker			5,400	(3,804)				1,596
		18,781	7,049	(7,240)				18,590

21.	Analysis of net ass	ets bet	ween funds
					Unrestricted		Restricted	Total Funds
						Funds	Funds	2020
	Tangible fixed assets				145,131			145,131
	Investments				146,872			146,872
	Current assets					68,681	18,921	87,602
	Creditors less than	1 year				(6,573)		(6,573)
	Net assets				354,111		18,921	373,032
					Unrestricted		Restricted	Total Funds
						Funds	Funds	2019
	Tangible fixed assets				145,046			145,046
	Investments					79,572	463	80,035
	Current assets					89,063	18,127	107,190
	Creditors less than	1 year				(8,427)		(8,427)
	Net assets				305,254		18,590	323,844
22.	Financial instruments
	The carrying amount	for each category offinancial			instrument	is as follows
							2020	2019
	Financial assets measured		at fair value through		income	and expenditure
	Financial assets measured		at fair value through	income and
	expenditure						146,872	80,035

Year end	ed 31 December 2020
		2020	2019
Income and endowments
Donations	and legacies
Donations	and gifts	59,798	61,438
Grants and donations		8,697	6,309
Gift aid		17,348	15,860
Legacies		56,000	21,000
		141,843	104,607
Charitable	activities
Hire ofSt.	Peter's	2,897	9,912
Fees and other income		4,752	8,972
Hire ofSt.	James	911	1,026
		8,560	19,910
Investment	income
Income from investments		3,004	2,334
Bank interest receivable		232	463
		3,236	2,797
Total income		153,639	127,314

Year ended 31	D	ece	m	ber	20	20
Expenditure
Expenditure on charitable				activitie		s
Promotion ofthe Church				within	th	e Parish
Acfivifies undertaken		direcfly
Staff costs							13,792	3,744
Pension costs							202	16
Recruitments costs								44
Ministry costs							2,403	3,432
Parish share							66,418	66,418
Cost ofservices							971	1,209
Charitable giving							635	1,963
St. Peter's running	costs						3,926	5,939
Property maintenance							2,750	2,588
Church running expenses							8,937	12,291
Outreach							787	375
Choir and bellringers							899	876
Old Church							1,529	806
Depreciation							1,341	960
Professional fees							923	295
Sundry expenses							(381)	(545)
							105,132	100,411
Governance costs
Independent examination			fee				900	900
Expenditure on charitable				activities			106,032	101,311
Other expenditure
Assigned fees to Diocese							2,261	4,004
Honoraria							2,995	5,840
							5,256	9,844
Total expenditure							111,288	111,155
Net gains on investments
Realised gains/losses		on	fixed asset			investment	(6,837)	(9,887)
Net income							49,188	26,046