| YEAR ENDED 3I | D | ECEMBER 2020 | |
|---|---|---|---|
| Contents | |||
| Annual Report |
3-8 | ||
| I.Reference snd administraove | information | 3 | |
| 2.Structure governance and |
management | 3 —5 | |
| 2. 1 PCC (Trustee) responsibilities | |||
| 2.2 PCC (Trustee) appointments | |||
| 23 PCC Committees | |||
| 2.4 Public benefit | |||
| 3.Achievements and performance |
5-7 | ||
| 3.1 Our Mhuon | |||
| 3.2Worship snd Prayer |
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| 33 PCC Review ofthe Year | |||
| 4. Financial review |
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| 5, Charitable grams |
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| 6. Investment policy |
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| 7.Reserves pohcy | |||
| 8. Risk assessment and exposures |
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| 9.Plans for the future | |||
| 10,lndependem Exammer |
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| Independent Examiner's |
report | ||
| Statement ofFinancial Activrdes |
10 | ||
| Statement ofFinancial Acdvfdes (2019compared ves) | IOA | ||
| Balance Sheet | |||
| Notes tothe Financial Statements | 12—21 | ||
| I. Accoundng polides |
12- 13 | ||
| 2. Income | 14 | ||
| 3. Expenditure | 15 | ||
| 4. Sodf costs | 16 | ||
| 5, Tangible Exed assets (for | use | by the PCC) | 16 |
| 6. Fixed asset invesonents | 17 | ||
| 7. Debtors | 17 | ||
| 8. Short term deposits | 17 | ||
| 9, Creditors | 17 | ||
| 10.Analysis ofner. assets by | fund | 18 | |
| I I. Fund movements (induding |
descnptions) | 19—20 | |
| 12, Vicar and churchwardens' | trusts | 21 | |
| 13.Revenue commionents |
21 | ||
| 14.Transactions with members |
ofthe PCC | 21 |
| Unrestricted funds |
Restricted funds |
Endowment funds |
Tml 2020 | Total 2019 | |||
|---|---|---|---|---|---|---|---|
| Income | |||||||
| Voluntary income |
20 | 169,895 | 48.789 | 216,684 | 225.545 | ||
| Activities for generating |
funds | 2b | 16,394 | 16,394 | 24,887 | ||
| Income from investments | 2c | 15,447 | 2,286 | 17,733 | 17,396 | ||
| Church activities |
2d | 7,924 | 17,394 | 25,318 | 31,064 | ||
| Other ordinary incoming |
resouroes | 2e | 1,260 | ||||
| 210,199 | 66,469 | 276668 | 300,152 | ||||
| Expenditure | |||||||
| Fund-raising costs |
72 | 72 | 36 | ||||
| Church activities | 3b | 212.094 | 64,413 | 276,507 | 296.387 | ||
| 212,166 | 64,413 | 276,579 | 296.424 | ||||
| Net Income | (1,967) | 2,056 | 89 | 3,728 | |||
| Other recognised gains snd losses |
|||||||
| Investment revaluations |
6 | 5,510 | 5,510 | 12,806 | |||
| Net movement in funds |
{1,967) | 2,056 | 5,510 | 5,599 | 16,334 | ||
| Accumulated funds brought forward |
11 | 38,080 | 115,719 | 80,082 | 233,880 | 217,548 | |
| Accumulated funds camed |
forward | 11 | 36,113 | 117,775 | 85592 | 239,479 | 233,880 |
| Linrestrlcted funds |
Restricted funds |
Endowment funds |
Tot 12019 | Tml 2018 | ||||
|---|---|---|---|---|---|---|---|---|
| f | f | f | f. | |||||
| In co rrre | ||||||||
| Voluntary income |
2a | 170,528 | 55,017 | 225,545 | 289,687 | |||
| Activities for generating | funds | 2b | 24,887 | 24.887 | 25.990 | |||
| Income from investments | 2c | 15,177 | 2,219 | 17,396 | 17254 | |||
| Church activities | 2d | 27,685 | 3,379 | 31,064 | 42,053 | |||
| Other ordinary incoming |
resources | 2e | 1,260 | 1,260 | 125 | |||
| 239,538 | 60,615 | 300,152 | 375,109 | |||||
| Expendhurs | ||||||||
| Fund-raising costs |
3a | 36 | 871 | |||||
| Church acttwties | 3b | 229,478 | 65,911 | 296,387 | ||||
| 229514 | 66911 | 296,424 | 549356 | |||||
| Net Income | 10,024 | (6296) | 3,728 | (174,246) | ||||
| Other recognised gains and losses |
||||||||
| Investment revaluations |
12,606 | 12,606 | (1,066) | |||||
| Net movement In funds |
10,024 | (6296) | 12,606 | 16,333 | (175,312) | |||
| Accumulated funds brought |
forward | 11 | 28,056 | 122.015 | 67,476 | 217,548 | 392,860 | |
| Accumulated funds carried |
forward | 11 | 38080 | 115,719 | 80,082 | 233,880 | 217,548 |
| 2 | Income | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total 2019 | |||||
| funds | funds | 2020 | ||||||
| 2a | Vofuntaryincome | |||||||
| Planned giving |
72,257 | 72457 | 77,131 | |||||
| Service collections | 4,815 | 4,815 | 15,511 | |||||
| Sundry donations | and appeals | 19,307 | 120 | 19,427 | 37,787 | |||
| Income tax recoverable | 21,948 | 3,656 | 25,604 | 25,871 | ||||
| Grants | 50,117 | 43,013 | 93,130 | 69,445 | ||||
| Legacies | 1,450 | 1,450 | ||||||
| 169,895 | 46,788 | 216,684 | ||||||
| Zb | Activities for generating | funds | ||||||
| Fund-raising events |
4,061 | 4,061 | 6,551 | |||||
| Bookstall | 281 | 261 | 696 | |||||
| Car parking | 12,052 | 12,052 | 17,640 | |||||
| 16,394 | 16,394 | 8 | ||||||
| 2c | income from investments | |||||||
| Rental Income | 15,100 | 15,100 | 14,542 | |||||
| Dividends and interest |
347 | 2,286 | 2 633 | 2,854 | ||||
| 15,447 | 2 | 2S6 | 17733 | 17,398 | ||||
| 2d | Church activities | |||||||
| Churt:h and hall lettings | 3,979 | 3,979 | 9,920 | |||||
| Vveddingsffunerals | fees | 3,290 | 3,290 | 15,112 | ||||
| Parish magazines | 209 | 209 | 762 | |||||
| Other church activities |
447 | 17,394 | 17,840 | 5,270 | ||||
| 7,924 | 17,394 | 25,318 | 31,063 | |||||
| 2e | Orner ordinary incoming |
resources | ||||||
| Sundry income | 539 | 1,260 | ||||||
| 1,260 | ||||||||
| Total Income | 210199 | 66,468 | 276,668 | 300,152 |
| 3 | Expenditure | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total 2020 | Total 2019 | ||||
| funds | funds | ||||||
| 3a | Genersling funds costs |
||||||
| Csrk park | 72 | 72 | 36 | ||||
| Fund raising events | |||||||
| 72 | 72 | 36 | |||||
| 3b | Church activities | ||||||
| Missionary and charttable |
glvlngI' | ||||||
| Grants | 1,450 | 1,450 | 2,574 | ||||
| Mim sin/ costs: | |||||||
| Diocesan parish contribution | 92,463 | 92,463 | 89,629 | ||||
| Other clergy costs | 8,683 | 8,683 | 23,480 | ||||
| Church running expenses |
36,609 | 36,609 | 37,226 | ||||
| Church maintenance | 659 | 56,075 | 56,734 | 51,829 | |||
| Other church acdvities | 702 | 702 | 1,729 | ||||
| Worship expenses | 667 | 667 | 2,117 | ||||
| Choir and music | 22,227 | 7,719 | 29,946 | 38,265 | |||
| Sunday school costs | 619 | 619 | 434 | ||||
| Church hall running |
costs | 3,068 | 3,066 | 7,177 | |||
| Parish Church shop | 11 | 11 | 878 | ||||
| Staff Salaries | 30,977 | 30,977 | 15,963 | ||||
| Wedding/funeral fees Oittce costs |
3,108 7,571 |
3,108 7,571 |
11,135 10,055 |
||||
| Independent examination |
3900 | 3900 | 3900 | ||||
| 212,094 | 64,413 | 276,507 | 296,388 | ||||
| Total Expenditure | 212,166 | 64,413 | 276 579 | 296425 |
| 2020 | 2019 | ||
|---|---|---|---|
| E | 6 | ||
| Salaries (ind service fees) | 30,355 | 19,133 | |
| Pension costs | 615 | ||
| 9. | |||
| Salary costs of617,910(2019 - Enil) were grant funded. | |||
| The average number ofemployees | during the year was 2 (2019-1). |
| Tangible fixed assets (for use by the PCC) |
|
|---|---|
| Freehold | |
| land and | |
| buildings | |
| 6 | |
| Cost | |
| At 1 January 2020 and | |
| at 31 December 2020 | 16360 |
| Depreciation | |
| At 1 January 2020 | 13,691 |
| Charge for the year | |
| At 31 December 2020 | 13,691 |
| Net book value | |
| At 31 December 2020 | 2,589 |
| At 31 December 2019 | 2,569 |
| 6 | Fixed asset investments | Fixed asset investments | |||||
|---|---|---|---|---|---|---|---|
| 2020 | 2019 | ||||||
| 8 | |||||||
| At 1 January 2D20 |
80,082 | 67,474 | |||||
| Revaluation surplus/(de5ctt) |
in the | year | 5,510 | 12,608 | |||
| At 31 December 2020 | 80,002 | ||||||
| Represented by: |
|||||||
| Chumh of England |
CBF investment | fund units: | |||||
| Day and sunday | school fund (1,879 units) | (note 11.4) | 38,420 | 35,939 | |||
| Choir scholarship | fund (2,103units) | (nole 11.5) | 43,011 | 40233 | |||
| 81,431 | 76,171 | ||||||
| Charities official investment |
fund (COIF) units: | ||||||
| BaNersbee fund | (231 units) | (note 11.9) | 4,161 | 3,911 | |||
| 85,592 | |||||||
| 7 | Debtors | ||||||
| 2020 | 2019 | ||||||
| 6 | |||||||
| Income tax recoverable | 4,424 | 6,576 | |||||
| Other debtors | 37,806 | 15,135 | |||||
| Prepayments | 9,521 | 9,945 | |||||
| 51,751 |
| 10 | Analysis | ofnet assets by fund | At | |||
|---|---|---|---|---|---|---|
| Unmsuicted | Resbicted | emfmmmnt | 31-Dec-20 | |||
| funds | funds | funds | Total | |||
| 6 | 6 | 6 | 5 | |||
| Tangible | fixed assets | 2,589 | 2589 | |||
| Fixed assai investments | 85,592 | 85.592 | ||||
| Debtors srmrt term depodts Cash at bank |
16,365 56,487 |
35.387 43,681 64200 |
51,752 43,681 120.887 |
|||
| Creditors | due within one year | (39.328} | (25,494) | (64,822) | ||
| 36,113 | 117,774 | 85592 | ~239 479 |
| Alift | ||||
|---|---|---|---|---|
| nayss ons assets by fund | At | |||
| unrestricted | Restricted | 31-Deo19 | ||
| funds | funds | Totm | ||
| 6 | F. | |||
| Tangible fixed assets Fixed asset investments |
2,589 80.082 |
|||
| Debtors Short term deposris Cash et bank Creditors due wllhin one year |
37gt69 (25,178) |
8,857 61,631 55332 |
31,656 51,631 93,099 (25,178) |
|
| Net assets | 38.080 | 115,719 | 80,082 | 233,860 |
| Note | At | |
|---|---|---|
| ref | t-Jsn-20 | |
| Unrestricted | ||
| General fund | 11.1 | 20,388 |
| St George' s, Waddon | 11.2 | 17,694 |
| 38,080 | ||
| Restrrctsd | ||
| Fabncfund | 11.3 | 56,294 |
| Day and sunday school | 11.4 | 8,705 |
| Choir scholarship | 11.5 | 7,453 |
| Frtends ofmage | 11.6 | 41 |
| Choral education | 11.8 | 10,000 |
| St Gearge's, Waddon | 11.2 | 7,053 |
| Bell fund | ||
| Endowment | ||
| Dsy and sunday school | 11.4 | 35,939 |
| Choir scholarship | 11.5 | 40,233 |
| Battsrsbee | 11.9 | 3,911 |
| Total funds |
| Movement | Movement | In resources | In resources | At |
|---|---|---|---|---|
| Incoming | Outgoing | Transfers | 30-Dec-20 | |
| F. | 6 | |||
| 181,693 | (183,886) | 5,000 | 23,193 | |
| 23506 | 28280 | 12.920 | ||
| 205,199 | 212166 | 5000 | 36113 | |
| 31,848 | (21,272) | 686 | 67,555 | |
| 1,078 | (257) | 9.527 | ||
| 1,207 | (833) | 7,826 | ||
| 21,019 | (6,885) | 14,174 | ||
| (5,000) | 5,000 | |||
| 7,000 | (362) | 13,691 | ||
| 9,316 | 34 803 | (686l | ||
| 71,468 | 64,413& | 'S,000 | 117.774 | |
| 2,482 | 38.420 | |||
| 2,778 | 43,011 | |||
| 250 5510 |
4 161 ~85592 |
|||
| 282,178 | 276 579 | 239,479 |
| Note | At | ||
|---|---|---|---|
| ref | (&an-19 | ||
| Linrestricted | |||
| General fund St George' s, Waddon |
11 I 11.2 |
6,617 21,439 |
|
| 28.056 | |||
| Rssiricfed | |||
| Fabric fund | 11.3 | 67.381 | |
| Day and sunday | school | 11.4 | 8,092 |
| Choir scholarship Friends ofmusic |
11.5 11,6 |
9,071 7w84 |
|
| Choral education | 11,8 | 15,493 | |
| StGeorge' s, Waddon | I1.2 | 5,447 | |
| Bell fund | 11.10 | 9447 | |
| 122015 | |||
| Endowment | |||
| Day and sunday | school | 11.4 | 30,272 |
| Choir scholarship | 11.5 | 33,887 | |
| Battersbee | 11.9 | 3,318 | |
| 67,474 | |||
| Total funds | 217,548 |
| Movement | Movement | in resources | in resources | At |
|---|---|---|---|---|
| Incaming | Outgoing | Transfers | 31-Dec-19 | |
| 6 | ||||
| 207,557 | (199,281) | 5,493 | 20,386 | |
| 26488 | 30,233 | 17694 | ||
| 234,045 | 229514 | 5,493 | 38080 | |
| 39,934 | (51,020) | 56294 | ||
| 1,047 | (434) | 8,705 | ||
| 1,172 | (2,790) | 7,453 | ||
| 3,894 | (11,137) | 41 | ||
| (5,493) | 10,000 | |||
| 3,136 | (1,530) | 7,053 | ||
| 16925 | 26 172 | |||
| 66 108 | I66911 | 5493) | 115719 | |
| 5,667 | 35,939 | |||
| 6,346 | 40,233 | |||
| 595 | 3911 | |||
| 12608 | 80082 | |||
| 312761 | '296,425 | 233,880 |
| 2020 | |||||
|---|---|---|---|---|---|
| Endowment capital: (Market values) |
|||||
| Cerokne snd Bizs Day | Bounty | ||||
| (Charities official investment |
fund- | ||||
| 1,473 income shares) | 24 | 646 | 24.880 | ||
| Sarah Ann Huntingfotd | Chanty | ||||
| (Charities official investment |
fund— | ||||
| 45 income shares) | 753 | 780 | |||
| Income in the year Expenditure in the year Het income |
787 787 |
771 ~27} 744 |
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| Accultull sted incorrle: |
|||||
| At 31 December 2020 (note 9) |