## **TREASURER’S REPORT FOR THE YEAR ENDING 31[st] DECEMBER 2020** 2020 has been a year we would all wish to forget. We must give enormous thanks to our faithful team of Clergy and volunteers who have kept us all going with Zoom Services when we have been unable to attend Church, and of course a huge thanks for the generosity of our congregation enabling us to help those in great need during the Pandemic. Sadly 2020 has a year when we have not been able to celebrate any of the festivals that are so important to us as Christians. Our Parish Contribution for 2020 amounted to a total of £105,000 – Thanks to the Generosity of the Richard Wall/Jack Cox Fund. This year our total is to be a massive 108,000 and again we will only achieve this with their help again. We have to remember that our Parish contributions help to support all our wonderful clergy and the work they do. I feel that it is important to remind ourselves again at this stage that all of our Rector’s stipend and expenses, all of Pep’s stipend and expenses as well as Andy’s are funded directly by the Diocese. The 2019 Statement of Financial Affairs shows a – small Surplus of £1638 – It is to be noted that this figure would have been considerably more without the assistance of Dorothy Smith Forum and the Cox/ Wall Fund. 1) Once again, the 200 club has been successful – If you would like still to join please do contact me Formulating the budget for this year is extremely difficult because of the need to estimate when things might return to “normal”. Basically, we have assumed an increase in activity beginning from July 2021. This has still resulted in a predicted deficit of £27,000. ## We had NO legacies in 2020 so **PLEASE CONTINUE TO THINK ‘LEGACIES’** **It is crucially important at this time, that as custodians of the church affairs, we remain aware of the need to maintain the underlying sustainability of our expenditure compared with our income. Our main priority for 2021 is again to continue to make all possible efforts to keep our budget in check.** The accounts are presented this year in the SOFA (statement of financial affairs) format as laid down by the Charity Commission I hope that they remain reasonably clear. Some observations to note are: - 1) The Stock Market reasonably stable affecting especially the Dorothy Smith Bequest capital 2) Planned Giving is holding up, but we do still need to be ever vigilant. 2021 will we sincerely be a better one than 2020.. I would like to end this report by once again asking for ‘God’s **continuing guiding hand’** in all we do **ANGIE HILL, Honorary Treasurer, 21[st] March 2021** 5 **----- Start of picture text -----**
MARKET HARBOROUGH PARISH CHURCH
SUMMARY OF BALANCES 2020
Unrestricted Designated Restricted Funds TOTAL
General General Fabric Dorothy YMFS
Fund Fund Quintet Fund Smith Funds 2020 2019
CURRENT ASSETS
Investments at Market Value as Schedule 20281 145556 10551 176388 170562
National Savings Bonds
Short Term Deposits 50 50 7263
Cash at Bank 542 2983 3525 3816
TOTAL 20873 8656 148539 10551 188619 181641
Debtors & Prepayments 15091 578 15669 11713
LESS CURRENT LIABILITIES
Creditors & Accruals falling Due 15896 8976 24873 32689
within 12 Months
NET ASSETS 20068 8656 -8976 149117 168865 160665
FUNDS
Balances as on 31st December 2019 9154 869 7218 -638 148470 9371 174444 158723
Unrealised Losses/Gains on Investments 1032 3614 569 5215 20655
Investments sold 2020
Surplus (deficit) for the Year 1639 6539 1438 0 -3398 309 6527 -4934
TOTAL BALANCES 11825 7408 8656 -638 148686 10249 174444
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NOTES TO THE FINANCIAL
STATEMENTS
December 31, 2020
Unrestricte Designated Restricted Fund TOTALS
General General Quintet Fabric Dorothy YMFS
Fund Fund Smith Funds 2020 2019
£ £ £ £ £ £ £ £
2 INCOMING RESOURCES
a Voluntary giving (Direct giving)
Planned giving ex. income tax 81181 81181 74883
Income Tax Refunds 21403 21403 21313
Taxable Donations 878 878 3623
Open plate collections - all services 2985 2985 7359
Special/Retiring Collections 691 691 1619
Total 106447 691 107138 108797
b Other Voluntary Income
Hardship Fund 11761 11761
Income from Izettle 1256 1256 645
Grants from Richard Wall /JFC/Friends/Bowden 37102 37102 24973
Transfer from DS Bequest/Bowdens/Commumi 9101 1000 10101 4767
Legacies & Grants 0
Re-ordering donations 150 150
Donations/Sundries 4000 4340 8340 6500
Total 51459 11911 5340 68710 36885
c Gross income from Events and
Activities
Raffle 0 1064
200 Club 3065 3065 2785
Wallsafe 2443 2443 4888
Fees PCC 2124 2124 4250
Fees - Others 1000 1000 2630
Fees - Retired Clergy 1702 1702 3942
Church Events/Church Organizations 2708 2708 2934
Total 13042 13042 22493
d Other ordinary income
Quintet Receipts - AdvertsSubscriptions 4257 4257 6330
Sale of Books 156 156 228
Sale of Cards 28 28 783
Miscellaneous & Furlough Payments 3147 3147 161
Fabric 0 6523
Team income - Pensions 1882 1882
Team Income 486 486 75
Community Hall gas 420 420 2700
Heat refund 0 619
Assigned Fees 3968 3968 5910
Total 9667 420 4257 14343 23329
e Income from investments
Dividends & interest - General Fund 638 4153 309 5100
0 5615
TOTAL INCOMING RESOURCES 181252 13022 4257 5340 4153 309 208333 197119
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NOTES TO THE FINANCIAL
STATEMENTS
December 31, 2020
Unrestricte Designated Restricted Funds TOTAL
General Quintet Fabric Dorothy YMFS
Funds Fund Fund Smith Fund 2020 2019
£ £ £ £ £ £ £
3 RESOURCES USED
a Grants
Annual charitable giving 8,300 8,300 7,800
Donation from fete procceds
Retiring and other special 0 1,619
collections/Donations
Total 8,300 0 8,300 9,419
b Support costs
Children and youth work 0 444
Discretionary Fund/Hardship fund 3,000 3,000 3418
Fabric DS Grant 1,000 1,000
Izettle Transfers 0 645
Hardship Fund Expenditure 6,483 6,483
Total 6,483 4,000 10,483 4507
c Directly relating to the work
of the church
Ministry - Parish Contribution 105,000 105,000 89000
Team Expenses 12,283 12,283 11500
Team share Dawn 9,245 3,551 12,796 5640
Fees outgoings - Verger/Organist/etc 1,170 1,170 2795
Fees Outgoings - Retired Clergy 1,720 1,720 3932
Assigned Fees 3,968 3,968 5910
Church - Running expenses
Utilities 5,159 5,159 5652
Dawn Pension 2,560 2,560 1221
Insurance 6381 6,381 6264
Maintenance & Cleaning 3,244 3,244 2647
Major building work 5,340 5,340 23020
Sanctuary requirements 649 649 1095
Organist & Choir 5,701 5,701 5171
Total 157,080 5,340 165,971 163847
d Fundraising & publicity
Raffle Expenses 20 20 354
200 Club 1,360 1,360 1595
Church Events
Total 1,380 1,380 1949
e Church management
and Administration
Verger Salary 7,102 7,102 6962
Photocopying 1,087 1,087 2609
Books 73 73 143
Cards 1,129 1,129 1147
Stewardship expenses 110 110 215
Miscellaneous - St Dionysius 2,161 2,161 2290
Miscellaneous - Sundry/Izettle 1,193 1,193 1469
Quintet Expenses 2,819 2,819 8099
Total 12,854 2,819 15,673 22934
Investments
TOTAL RESOURCES USED 179,614 6,483 2,819 5,340 4,000 0 201,807 202,656
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MARKET HARBOROUGH PAROCHIAL CHURCH COUNCIL
STATEMENT OF INVESTMENTS HELD AND OF REALISED AND UNREALISED GAINS AND LOSSES
VALUE PURCHASES SALES VALUE GAINS (LOSSES)
1.1.20 31.12.20 REALISED UNREALISED
461.26CBF Investment Fund Shares 8,841.84 9,431.24 589.40
160 CBF Investment Fund Shares (St Marys Land) 3,067.06 3,271.47 204.41
4480.31(2009-7738.28) CBF Fixed Interest 7,340.54 7,578.44 237.90
Securities Fund
Total 19,249.44 - 20,281.15 - 1,031.71
YMFS
381 CBF Investment Fund Shares 7,307.46 7,790.19 482.73
1632 CBF Fixed interest Securities Fund 2,673.86 2,760.52 86.66
Total 9,981.32 10,550.71 569.39
DOROTHY SMITH BEQUEST
7118.79 Investment Fund Shares 141,941.63 145,555.76 3,614.13
171,172.39 - 176,387.62 - 5,215.23
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Adjustments ## **DEBTORS AND LIABILITIES 2020** |**DEBTORS**|**2020**|**2019**|**LIABILITIES**|**2020**|**2019**| |---|---|---|---|---|---| |Insurance - Prepay|548.38|531.79|Solar return to community hall||| |Water|||Charitable Giving 2019|6500.00|8000.00| |Water - OGS|||Planned Giving|1000.00|5000.00| |Tax refund December 2020|1828.53|3745.10|Team transfer||973.00| |Dawn pension - other churches|3738.63|1381.98|Photocopy 4th quarter||750.62| |Dawn Furlough Income|||HMRC Tax David|87.60|85.80| |Parish Share overpayment|||Outward Giving Balance|4000.00|3800.00| |Books/Cards||237.30|Fabric Defcit||| |Listed Places of Worship||4441.37|Assigned Fees||4389.77| |Planned Giving|||Hardship overpayment|578.45|| |Fabric|8976.35|4898.64|Dawn Furlough Payments|2367.00|| ||||Dawn Balance 2020||720.00| ||||Wallsafe||237.30| |Fete|||Special Collections||1907.79| ||||Sundry|1363.22|1466.53| |**TOTAL**|**15091.89**|||15896.27|| |Balance|-804.38||||| ||||||10.00| 0.00 Sheet7 **----- Start of picture text -----**
STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Designated Restricted Funds
December 31, 2020 Note General Fabric Dorothy YMFS
Fund General Fund Quintet Fund Smith Funds
£ £ £ £ £ £
INCOMING RESOURCES
Voluntary Giving ( direct giving) 2a 85044
Income Tax refunds 2a 21403 691
Other Voluntary Income 2b 51459 11,911 5,340
Gross Income from events & activities 2c 13,042
Other Ordinary Income 2d 9,667 420 4,257
Income from Investments/Interest 2e 638 4,153 309
TOTAL INCOMING RESOURCES 181253 13,022 4,257 5,340 4,153 309
RESOURCES USED
Grants 3a 8,300
Support Costs-Youth work 3b 6,483 4,000
Directly related to work of Church 3c 157080 5,340
Fund raising & publicity 3d 1,380
Church Management & administration 3e 12,854 2,819 3,551
TOTAL RESOURCES USED 179,614 6,483 2,819 5,340 7,551
NET EXPENDITURE/INCOMING RESOURCES 1,639 6,539 1,438 0 -3,398 309
GAINS & LOSSES ON INVESTMENTS
realised
unrealised 1,032 3,614 569
Transfer of Short Term Deposit to G/A
NET MOVEMENT IN FUNDS 2,671 6,539 1,438 0 216 878
Balances brought forward 1/1/2020 9,154 869 7,218 -638 148,470 9,371
Adjusted Balance
BALANCES CARRIED FORWARD 31/12/2020 11,825 7,408 8,656 -638 148,686 10,249
TOTAL BALANCES 23650 14816 17312 -1276 297372.26 20498
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Page 6 Sheet7 **----- Start of picture text -----**
TOTAL
2020 2019
£
85044 87483
22094 21313
68710 36886
13,042 29016
14,344 16806
5,100 5615
208334 197119
8,300 9419
10,483 4507
162420 163847
1,380 1949
19,224 22934
201,807 202656
6,527 -5537
5,215 21258
11,742 -15845
174,444 158723
186,186 174444
317322
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Page 7 595fation Road GreatBowden Martet Hart￿mu9& Lelceste￿h•re LE167HL Tel.. 01858 463217 email.. t/rhodes talktalk.net St Dionysius Church. Market Harborough PCC Accounts for the year ending 31st December 2019 I have examined the accounts and balan￿ sheets of the PCC General account for the year ended 31st Deyember 2019. My examination was carried out in accordan with the general directions given by the Chaiity Commission. That examination includes a review of the accounting records kept by the treasurer and a comparison of the accounts with those records. It also indudes consideration of any unusual items or disclosures in the accounts and seeking explanations Con￿rning such matters. The procedures (lo not provide all the eviden￿ that would be required in an audiL In connection with my axamination. I have found nothing which has iaused concem and I am satisfied that the accounts and statements constitute an accurdte record of the financial tsansattions for the year. Independent Examiner Leonora Rhodes 24th February 2020