## **The Bottesford with Ashby Team Ministry Parochial Church Council** St. Paul's Ashby - St. Peter's Bottesford - Holy Spirit Riddings # **Annual Report and Financial Statements** For the year ended 31[st] December 2020 Registered Charity Number 1133722 **The Parochial Church Council of the Ecclesiastical Parish** **of Bottesford with Ashby in the Diocese of Lincoln** PCC Chairman: Revd Kevin Dyke The Rectory, St Paul’s Road, Ashby, Scunthorpe DN16 3DL Bank: The Yorkshire Bank 124 High Street, Scunthorpe DN15 6ES Independent Examiner: Voluntary Action North Lincolnshire 4-6 Robert Street, Scunthorpe, North Lincolnshire DN15 6NG PAROCHIAL CHURCH COUNCIL of BOTTESFORD WITH ASHBY TEAM MINISTRY Page PAROCHIAL CHURCH COUNCIL of BOTTESFORD WITH ASHBY TEAM MINISTRY ## **Independent Examiner’s Report to the Trustees of The Parochial Church Council of the Ecclesiastical Parish of Bottesford with Ashby in the Diocese of Lincoln.** I report on the accounts of the Trust for the year ended 31[st] December 2020. ## **Respective responsibilities of the trustees and independent examiner** The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (the Charities Act) and that an independent examination is needed. It is my responsibility: - to examine the accounts under section 145 of the Charities Act, - to follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the Charities Act; and - to state whether particular matters have come to my attention. ## **Basis of independent examiner’s statement** My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, 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 Charities Act; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities Act have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Voluntary Action North Lincolnshire, 4/6 Robert Street, Scunthorpe, DN15 6NG Signed: Date: 10 May 2021 3 Page PAROCHIAL CHURCH COUNCIL of BOTTESFORD WITH ASHBY TEAM MINISTRY ## **ANNUAL REPORT for 2020** ## **Administrative Information** The Bottesford with Ashby Team Ministry is part of the Diocese of Lincoln within the Church of England. There are 3 churches within the team: The Church of St. Peter ad Vincula is situated on Old School Lane, Bottesford, - St. Paul’s Church is situated on Ashby High Street, Scunthorpe, and The Church of the Holy Spirit is situated on Willoughby Road, Scunthorpe. The correspondence address is: The Rectory, St Paul’s Rd, Ashby, Scunthorpe, DN16 3DL The Parochial Church Council (PCC) is a Registered Charity, number 1133722. PCC members and Trustees who have served from 1 January 2020 until the date this report was approved are: Team Rector: Revd. Kevin Dyke Lay Chair: Mr John Boddy (also Deanery & Diocesan Synods) Readers: Mr. Lindon Batt (also Deanery Synod) Mr. Howard Bevan Parish Wardens: Mrs. Angela Stanage Mrs. Christine Bell (from APCM ‘20) Mr. John Ward (until APCM ’20) Deputy Wardens: Mrs. Christine Bell (until APCM ‘20) Mr. John Boddy (until APCM ’20) Mrs. Pamela Cook Ms. Emma Dixon (from APCM ’20) Mr David Parrott (from APCM ‘20) Deanery Synod Reps: Mrs. Julie Dyke Mr. Michael Galey (also Treasurer) Mr. Clive Toplass Elected Members: Capt. Sean Andrews Mrs. Christine Boddy Electoral Roll Officer Mr. John Caborn Mrs. Yvonne Ellis Mrs. Eve Kiddle Mrs. Carol Readhead Mr. David Rowbottom (from APCM ’20) Mrs. Jane Ward Safeguarding Officer Co-opted by the PCC: Mrs. Cathryn Hewes PCC Secretary Page 4 PAROCHIAL CHURCH COUNCIL of BOTTESFORD WITH ASHBY TEAM MINISTRY ## **Structure, Governance and Management** The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and to stand for election to the PCC. There are District Church Councils at each of the three churches. These councils take dayto-day decisions for their own churches but are subordinate to the PCC. There is a Management Committee for St.Paul's Church Hall. This committee takes day-today decisions for the Church Hall but is responsible to the PCC. There is a Management Committee for the Church Lads and Church Girls Brigade. This committee takes day-to-day decisions for the local organisation but is responsible to the PCC. The PCC also operates through sub-committees, which meet between full meetings of the PCC. ## _Standing Committee_ This is the only committee required by law. It has power to transact business of the PCC between its meetings, subject to any directions given by the Council. It has the same membership as the Finance Committee. ## _Finance Committee_ This committee oversees the general financial dimension of the work of the Bottesford with Ashby Team by monitoring income and expenditure, budgeting and co-ordinating the annual review of the Christian Stewardship of money through planned giving. Major decisions are subject to PCC approval. ## _Social Committee_ This committee organises a programme of social and fundraising events for the benefit and enjoyment of the whole parish and the local community. ## _Hall Committee_ This committee is responsible for the management of the Parish Hall. This is a major asset and it continues to operate very successfully. In addition to its use by the Parish, it is booked by individuals and community organisations for a large variety of activities. It is a vital part of our outreach into the local community. ## **Objectives and Activities** Bottesford with Ashby PCC has the responsibility of co-operating with the team clergy in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has the responsibility for maintaining the Church buildings including St. Paul's Church Hall. Page 5 PAROCHIAL CHURCH COUNCIL of BOTTESFORD WITH ASHBY TEAM MINISTRY ## **Church Attendance** Due to the COVID-19 pandemic many of our church buildings were closed for a large part of 2020. Weekly services for the whole parish took place online for the majority of the year. The average church attendance for the year could not be calculated with confidence. Where available, attendance and electoral role figures for 2020 (2019) are shown below: |Church|Average Sunday
Attendance|Electoral Roll|Electoral Roll| |---|---|---|---| |||Total Number|Non-resident| |St. Paul’s|--(33)|52 (50)|8 (8)| |St. Peter’s|--(33)|51 (53)|2 (2)| |Holy Spirit|--(13)|15 (15)|0 (0)| ## **Review of the Year** The year 2020 started off with the spectre of a catastrophic Covid 19 Pandemic potentially affecting our country and the wider world and by March 2020, with the introduction of a complete country wide lockdown in the UK, it became clear that 2020 was not going to be a normal year for any of us and that included us as a church community. All the preparatory work in 2019 that should have seen the parish agree plans in 2020 for its future mission and outreach ministry, including a budget for appropriate funding, a stewardship initiative and putting them into the form of a vision and action plan for the next 5 years had to be put on hold. That remained the case for the remainder of 2020 with the lockdowns, pandemic restrictions and guidance restricting our ability not only to be a worshipping community but also to engage with our wider community in the normal ways. Also, church members’ isolation and vulnerability meant that normal governance was difficult due to our inability to meet face to face safely and our desire to not put people at unnecessary risk of catching the virus. During this year Revd Kevin Dyke has continued to be the Team Rector, his 5[th] year here in the parish and he has been very well supported by the ministry team comprising Associate Priest Revd Mary Stonier, Assistant Curate Revd Simon Dean, Readers Lindon Batt and Howard Bevan and Church Army Captain Sean Andrews. Together and with the support of church wardens and lay members of the churches in all their different roles, we have, within the changed circumstances that the pandemic has brought about, continued to provide worship in church when we can; have our churches open for private prayer for the community; lead life events such as funerals, weddings and baptisms; engage with schools and ecumenical partners in the parish; provide the opportunity for study and spiritual growth and develop worship and outreach services on Zoom and other social networking platforms on Sunday mornings and at other times and through the launching by Simon and Mara Dean of ‘Big Breakfast Church’, a pre-recorded time of worship for all ages. I am grateful to them all for their continuing ministry and the support they provide to me and to each other. 6 Page PAROCHIAL CHURCH COUNCIL of BOTTESFORD WITH ASHBY TEAM MINISTRY Throughout 2020 and as a result of the pandemic restrictions the number of funerals, weddings and baptisms taken in our churches reduced significantly with the majority of weddings and baptisms postponed and rearranged for 2021 or 2022. This resulted in a significant reduction in fee income, which, together with no plate giving from services, has meant a large reduction in income resulting in the need for church reserves to be used to help with cash flow and for the first time in many years the parish not being able to pay its parish share in full. This was despite the wonderful effort of the church members to maintain the level of planned giving to match and slightly exceed the previous year in 2019. During 2020 we have, as a church, continued to work closely with Capt Sean Andrews and Capt Paul McDonough of the Church Army Centre of Mission; with the leaders and volunteers of Inspiring Family Solutions and with the youth groups Riddings Brigade and Reaching Riddings but inevitably the work done by these groups individually and collaboratively has reduced overall during this year and at certain times had to stop completely. Reaching Riddings sadly, due to a lack of new funding, has had to stop its work on the Riddings estate from the end of 2020. During 2020 the Hall at St Paul’s has also had to be closed for large parts of the year due to Covid restrictions with only the Pre-School being able to meet regularly when schools have been allowed to be open. The other social and activity groups have stopped meeting, although many hope to resume in the future, but the loss of Hall rental has also affected church income significantly. The closure of the Hall and the Covid restrictions affecting cafés has also meant that Café St Paul has been closed for the majority of the year meaning that its vital pastoral and outreach role to the community on market days in Ashby has stopped, (and has been missed by many), and its regular contribution to parish income has also been missed. It is intended to reopen the hall and the café at the earliest opportunity and when it is safe to do so. Throughout 2020, during the period of the pandemic, the church community has been wonderfully supportive of each other and of other people in the wider community and I am grateful for the love and pastoral care that has been given out and received so generously by so many. We have also maintained weekly contact with church members and those on the wider electoral roll and in the community by producing the ‘Parish News’ which has been either hand delivered or emailed to people together with all that people have needed for worship and study during the week. I am grateful to everyone who has contributed to it and who continues to contribute news, reflections and articles, for Julie Dyke who has put it together each week and for the messages of appreciation that have been received from so many for its weekly arrival when so many have felt isolated from the church family. 2020 has been a difficult and challenging year for us all and 2021 has seen us still very much affected by the pandemic. We will, however, learn much from this time and, I hope, take those lessons into the future that God has planned for us which will be very much the focus of our church life and ministry as we go into 2021 and out of the Covid 19 pandemic. Page 7 PAROCHIAL CHURCH COUNCIL of BOTTESFORD WITH ASHBY TEAM MINISTRY ## **Financial Performance** Financially, the year 2020 has been extremely difficult due to the adverse effects of the Covid-19 pandemic on our both patterns of worship, including church closures, and with other activities dramatically reduced or cancelled. ## **Churches** Church ‘regular’ Receipts exceeded Expenditure by £2,142. This compares with a deficit of £15,304 in 2019. This result could only be achieved by underpayment of our Parish Share request. Faced with a potentially major deficit, the PCC agreed to pay £24,480 of our Request of £48,949 – a shortfall of £24,469. Overall, Receipts were £64,499 – a reduction of £11,034 on the previous year. Very pleasingly, Planned Giving increased to £34,295 – an increase of £2,283 on the previous year. Many thanks are due to members of our congregations and other supporters who continue to be very generous in this way. Tax reclaimed was up by £993, donations by £382 and rent (Holy Spirit rooms) by £500. However, all other receipts were down on the previous year, many of them by several thousand pounds. The most notable reductions were cash at services (- £2,535), cash at baptisms / weddings / funerals (- £3,590), cash from fundraising and events (- £3,420), nett fee income (- £1,962) and proceeds from Café St Paul (- £2,550). Excluding capital / major items, payments were down by £38,891, including the major underpayment in Parish Share. Other savings included wages to organists and office staff (£1,988), clergy expenses (£1,988) and routine maintenance (£4,711). The parish spent £11,536 on major projects, mainly the Holy Spirit heating / electrics proposals (£5,959) and Garden of Remembrance tree felling (£4,332). In addition, we received a generous Bequest of £67,726 from a former parishioner. This was specified as being for the use of St Peter’s Church and is therefore a Restricted Fund. It was accordingly placed on deposit. ## **St Paul’s Hall** Regular receipts were £8,228 - reduction of £8,795 on the previous year. The main factor was a £9,397 reduction in lettings. However, the Hall also received a local authority grant of £3,000 in respect of loss of income. Payments totalled £10,038 – a reduction of £8,800 on the previous year. Taking into account the grant, the Hall generated a nett surplus of £1,191. This compares with a deficit of £1,814 in 2019. ## **Church Lads and Church Girls Brigade** Due to the major curtailment of activities, the Brigade had a small deficit on the year of £499. 8 Page PAROCHIAL CHURCH COUNCIL of BOTTESFORD WITH ASHBY TEAM MINISTRY ## **FINANCIAL STATEMENTS – RECEIPTS AND PAYMENTS ACCOUNT** ## For the year ended 31[st] December 2020 |Note
RECEIPTS
2(a)
Voluntary Giving
2(b)
Activities for Generating Funds
2(c)
Receipts from Property and Investments
2(d)
Receipts from Church Activities
2(e)
Other Receipts
Total Receipts
PAYMENTS
3(a)
Costs of Generating Funds
3(b)
Costs of Church Activities
3(c)
Church Expenses
3(d)
Major Capital Expenditure
3(e)
Other Payments
Total Payments
Net Receipts / Payments for the year
Transfers to re-allocate funds
Transfers – Cash to Investments
Bank Balances at the beginning of the year
Bank Balances at the end of the year|Unrestricted
Funds (£)
Restricted
Funds (£)
Total for
2020 (£)
Total for
2019 (£)
54,410
68,954
123,364
56,106
50
0
50
3,471
2,735
146
2,881
2,644
17,305
0
17,305
31,407
0
1,556
1,556
3,166| |---|---| ||**74,499**
**70,656**
**145,155**
**96,794 **| ||146
0
146
548
30,146
0
30,146
60,043
31,958
0
31,958
41,611
10,291
0
10,291
7,472
0
2,055
2,055
3,465| ||**72,541**
**2,055**
**74,596**
**113,139**| ||1,958
68,601
70,559
-16,345
0
0
0
0
0
0
0
0
29,985
31,902
61,887
78,232| ||**31,943**
**100,503**
**132,446**
**61,887 **| 9 Page PAROCHIAL CHURCH COUNCIL of BOTTESFORD WITH ASHBY TEAM MINISTRY **STATEMENT OF ASSETS AND LIABILITIES** As at 31[st ] December 2020 |CASH FUNDS
PCC General Accounts
St Paul’s Hall Account
St. Peter’s Fabric Funds
St. Paul’s Fabric Funds
Lynam Land – Trust Fund
Church Lads & Church Girls Brigade
Total Cash Funds
INVESTMENTS
CBF Investment Fund
M&G Charifund
DEBTORS
None
FIXED ASSETS
For Church Use – Parish Hall
LIABILITIES
None|Unrestricted
(£)
Restricted
(£)| |---|---| ||13,514
18,429
90,093
4,622
5,580
208| ||31,943
100,503| ||33,801
24,548
0
0| ||58,349
0| ||0
0
750,000
0
0
0| Following a valuation for insurance purposes in 2016, the asset value of the Parish Hall is shown as £750,000 as an estimate of current market value. Approved by the Parochial Church Council at its meeting on 10 May 2021 and signed on its behalf by: Revd. Kevin Dyke (Chairman) Mr. Michael Galey (Treasurer) The notes on pages 11 to 16 form part of these accounts 10 Page PAROCHIAL CHURCH COUNCIL of BOTTESFORD WITH ASHBY TEAM MINISTRY ## **NOTES TO THE FINANCIAL STATEMENTS** For the year ended 31 December 2020 ## 1 ACCOUNTING POLICY ## Basis for Accounts The financial statements have been prepared on a Receipts and Payments basis in accordance with the Church Accounting Regulations 2006 together with the Charities Act 2011, Section 133. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. For clarity, they do include the receipts, payments and funds relating to the Parish Hall and the Church Lads’ and Church Girls’ Brigade. ## Cash Flow Statement The Charity has taken advantage of the exemption in FRS102 from the requirement to produce a Cash Flow statement on the grounds that the income does not exceed £500,000. ## Description of Funds _Restricted Funds_ represent donations or grants or other payments 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 each 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. _Unrestricted Funds_ are general funds which can be used for PCC ordinary purposes. ## Receipts ## _Voluntary income and capital sources_ Planned giving, collections and donations are recognised when received. Income tax recoverable on gift aid planned giving and donations is generally recognised only when received. Grants and legacies to the PCC are accounted for only when received. All incoming resources, such as funds raised at social events or from sales of the magazine, are accounted for gross. ## _Other ordinary income_ Rental income from the letting of church premises is generally recognised when received. 11 Page PAROCHIAL CHURCH COUNCIL of BOTTESFORD WITH ASHBY TEAM MINISTRY ## **NOTES TO THE FINANCIAL STATEMENTS** (Continued) For the year ended 31 December 2020 ## _Income from investments_ Interest on bank accounts and distributions received from investments are accounted for when received. ## Payments _Grants_ Grants and donations are accounted for when paid over. _Activities directly relating to the work of the Church_ The Diocesan “Parish Share” is accounted for when paid. ## Fixed Assets ## _Consecrated land and buildings and movable church furnishings_ Consecrated and beneficed property is not included in the accounts in accordance with Section 10(2) (a) and (c) of the Charities Act 2011. No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and movable church furnishings whether maintenance or improvement is written off immediately. ## _Other fixtures, fittings and office equipment_ Individual items of equipment with a purchase price of £2,000 or less are written off immediately. ## Current Assets Only admitted credit balances such as at the bank or for prepaid gas or electricity bills are included. Any moneys owing for rents etc. are included only when they are received. 12 Page PAROCHIAL CHURCH COUNCIL of BOTTESFORD WITH ASHBY TEAM MINISTRY ## **NOTES TO THE FINANCIAL STATEMENTS** (Continued) For the year ended 31 December 2020 ## 2 RECEIPTS |Note||Unrestricted|Restricted|Total for|Total for| |---|---|---|---|---|---| |||Funds (£)|Funds (£)|2020 (£)|2019 (£)| |2(a)|**Voluntary Giving**||||| ||Planned Giving - Tax Efficient|29,936|0|29,936|26,736| ||- Remainder|4,359|0|4,359|5,276| ||Collections at Regular Services|1,283|0|1,283|3,818| ||Collections at Occasional Offices|602|0|602|4,192| ||Other Voluntary Donations|3,005|1,228|4,233|3,851| ||Gift Days|0|0|0|0| ||Gift Aid Recovered|12,226|0|12,226|11,233| ||Legacies & Bequests|0|67,726|67,726|1,000| ||Grants Received|3,000|0|3,000|0| |||**54,410**|**68,954**|**123,364**|**56,106**| |2(b)|**Receipts from Activities for Generating**|**Funds**|||| ||Events and Fund Raising - Parish|50|0|50|3,471| ||Events and Fund Raising - Hall|0|0|0|0| |||**50**|**0**|**50**|**3,471**| |2(c)|**Income from Property and Investments**||||| ||Bank Interest|73|146|219|222| ||Distributions from Investments|2,150|0|2,150|2,410| ||Rents|500|0|500|0| ||Wayleave Payment|12|0|12|12| |||**2,735**|**146**|**2,881**|**2,644**| |2(d)|**Receipts from Church Activities**||||| ||Fees Retained by PCC|8,124|0|8,124|10,086| ||Parish Hall Income|8,228|0|8,228|17,023| ||Café St Paul|649|0|649|3,199| ||Magazine Receipts|167|0|167|412| ||Miscellaneous|137|0|137|687| |||**17,305**|**0**|**17,305**|**31,407**| |2(e)|**Other Receipts**||||| ||Sale of Assets|0|0|0|0| ||Insurance Claims|0|0|0|0| ||Church Lads & Church Girls Brigade|0|1,556|1,556|3,166| |||**0**|**1,556**|**1,556**|**3,166**| ||**Total Receipts**|**74,499**|**70,656**|**145,155**|**96,794**| 13 Page PAROCHIAL CHURCH COUNCIL of BOTTESFORD WITH ASHBY TEAM MINISTRY **NOTES TO THE FINANCIAL STATEMENTS** (Continued) For the year ended 31 December 2020 ## 3 PAYMENTS |Note
3(a)
**Costs of Generating Funds**
Expenses of Events
Planned Giving Costs
3(b)
**Costs of Church Activities**
Mission Giving and Donations
Diocesan Parish Share
Office Wages
Payments to Organists
Clergy & Staff Expenses
3(c)
**Church Expenses**
Mission – General
– Training
– Communications
Recruitment Fees
Running Expenses – Church Insurance
– Licences & Subs
– Routine Maint.
– Organ Maintenance
– Office Tel / Internet
– Office Expenses
– Upkeep of Services
– Bank Charges
– Prof Fees
– Fee, Ind Examiner
Church Utility Bills
Parish Hall Costs – Heat & Light
– Insurance
– Expenses
3(d)
**Major Capital Expenditure**
Major Expenditure - Churches
Major Expenditure - Parish Hall
Major Expenditure – GOR
3(e)
**Other Payments**
Purchases
Church Lads & Church Girls Brigade.
**Total Payments**|Unrestricted
Funds (£)
Restricted
Funds (£)
Total for
2020 (£)
Total for
2019 (£)
0
0
0
374
146
0
146
175| |---|---| ||**146**
**0**
**146**
**548**
1,600
0
1,600
1,500
24,480
0
24,480
46,618
454
0
454
4,600
375
0
375
2,100
3,237
0
3,237
5,225| ||**30,146**
**0**
**30,146**
**60,043**
464
0
464
286
0
281
0
0
0
281
80
84
0
0
0
0
7,833
0
7,833
8,239

508
0
508
543
4,385
0
4,385
9,671
0
0
0
306
763
0
763
841
597
0
597
892
583
0
583
1,152
0
0
0
0
0
0
0
1,172
150
0
150
150
6,357
0
6,357
6,829
3,085
0
3,085
4,059
1,072
0
1,072
1,467
5,881
0
5,881
5,840| ||**31,958**
**0**
**31,958**
**41,611**
5,959
0
5,959
0
0
0
0
7,472
4,332
0
4,332
0| ||**10,291**
**0**
**10,291**
**7,472**
0
0
0
0
0
2,055
2,055
3,465| ||**0**
**2,055**
**2,055**
**3,465**| ||**72,541**
**2,055**
**74,596**
**113,139**| 14 Page PAROCHIAL CHURCH COUNCIL of BOTTESFORD WITH ASHBY TEAM MINISTRY ## **NOTES TO THE FINANCIAL STATEMENTS** (Continued) For the year ended 31 December 2020 4 STAFF COSTS ||2020|2019| |---|---|---| |Wages and Salaries|£829|£6,700| |Social Security Costs|nil|nil| |Pension Costs|nil|nil| During the year the PCC employed 2 organists, 4 parish secretaries and 1 cleaner (at St. Paul's Hall), all part-time, but no payment was large enough to attract social security. Mrs. Yvonne Ellis, a parish organist, was paid £420 during the year. She is a member of the Parochial Church Council. Apart from the above and the clergy, no other member received any reimbursement of expenses or remuneration. ## 5 INVESTMENTS The PCC has investments in the CBF Investment Fund, the M&G Charifund, the CBF Church of England Deposit Fund and at the CAF Bank. In addition, it holds cash in various bank accounts, including separate current accounts for the Hall and Brigade. 6 FUND DETAILS ## Reserves Policy Restricted Funds The PCC continues to receive bequests and donations for specific projects of a capital nature, creating or adding to Restricted Funds. Going forward, the PCC will encourage donors to contribute to Unrestricted Funds in order to maintain the flexibility to address capital requirements across the Parish as a whole. ## Unrestricted Designated Funds Under the Constitutions of the PCC and the Hall Committee, the funds held by the Parish Hall in its separate bank account are considered to be Designated for the use of the Hall Committee. The operations of the Hall Committee tend to generate a surplus, and that Committee often donates funds back to the PCC for general use. These are considered to be Unrestricted. No further funds have been designated by the PCC for a specific use. 15 Page PAROCHIAL CHURCH COUNCIL of BOTTESFORD WITH ASHBY TEAM MINISTRY ## **NOTES TO THE FINANCIAL STATEMENTS (Continued)** For the year ended 31 December 2020 ## Other Unrestricted Funds The sale of various tranches of church land within the Parish was approved by the Church Commissioners under the provisions of the New Parishes Measure 1943. The regulation laid down that the net sale proceeds should be invested by the Lincoln Diocesan Trust on behalf of the PCC who have power to spend income and capital, if so desired, with the approval of the Archdeacon. These funds are also considered to be Unrestricted. ## Endowment Funds The PCC does not hold and is not the beneficiary of any Endowment Funds. ## 7 DONATIONS TO CHARITY During the year, the PCC made donations totalling £1,600 to charities from its own funds. The breakdown was as follows: |Water Aid|£ 320| |---|---| |Mercy Ships|£ 320| |Lifewords|£ 320| |The Children’s Society|£ 320| |Lindsey Lodge Hospice|£ 320| Donations totalling £1,008 were made from special collections at services and at events, by various groups and at various times. These donations passed through the PCC’s bank account. They comprised: |The Children’s Society|£ 319 Christingle / Candles| |---|---| |The Children’s Society|£ 86 Box Collections| |The Forge|£ 177 Harvest Charity| |Scunthorpe Food Bank|£ 194 Harvest Charity| |Salvation Army Food Bank|£ 194 Harvest Charity| |Royal British Legion|£ 37 Poppy Donations| During the year, a number of donations were made from collections organised in the churches. These donations did not pass through the PCC’s bank account. They included: Lindsey Lodge Hospice £ 350 Christmas Hamper Raffle 16 Page