OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

Charity No: 1134014

REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED

31 DECEMBER 2020

FOR

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

Page
Legal and Administrative Information 1
Trustees’ Report 2 - 6
Independent Examiner’s Report 7
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10 - 14

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

LEGAL AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2020

Trustees: Reverend Angela Hannafin
Mrs Jacqueline Earnshaw
Mrs Fiona Siekierkowski
Mr Philip Jones
Mrs Susanne Lifford
Mr Peter Lord
Mrs Charlotte Meek
Mr James Redmayne
Mrs Helen Render
Mr Robert Siekierkowski
Mr Stephen Scales
Mr Richard South
Reverend Dr Anna Wallis
Mr Terry Wheeler
Parish Administrator: Mrs Elizabeth Otty
Contact Details: The Parish Administrator
Callister Hall
Woodacre Lane
Bardsey
Leeds
LS17 9DG
Telephone 01937 574273
Email bardseyparishchur@btinternet.com
Web www.bardseypcc.org.uk
Independent Examiners: Temporal Lennon & Company Limited
Chartered Accountants
Suite 1
The Crescent
Adel
Leeds
LS16 6AA
Bankers: Barclays Bank
24/26 Market Place
Wetherby
West Yorkshire
LS22 6NF

1

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

Aim and purposes

The Parish of Bardsey Parochial Church Council (P.C.C.) has the responsibility of co-operating with the Incumbent, Reverend Angela Hannafin, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The P.C.C. is also responsible for the care and maintenance of two churches: the Parish Church of All Hallows in Bardsey and the Church of Saint Mary Magdalene in East Keswick, together with their respective churchyards, both of which remain open for burials and the interment of ashes. A further responsibility extends to the care and maintenance of the church hall in Bardsey, known as The Callister Hall.

Objectives and Activities

The P.C.C. is committed to enabling as many people as possible to worship at our churches and to become part of our parish community. The P.C.C maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament.

When planning our activities for the year, we have considered the Commission's guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through:

To facilitate this work, it is important that we maintain the fabric of the Parish Church of All Hallows, The Church of Saint Mary Magdalene and The Callister Hall.

Reference and Administration details

The Parochial Church Council of the Ecclesiastical Parish of Bardsey is a registered charity – registration granted on 3rd February 2010. The official name of the charity is:

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

Registration number 1134014 Working name: Bardsey with East Keswick P.C.C.

The Ecclesiastical Parish of Bardsey includes the villages and communities of Bardsey, East Rigton, East Keswick, Wike, Wothersome, and parts of Scarcroft. The parish boundaries stretch from the A61 Leeds/Harrogate road in the west almost to the A1 road at Bramham in the east. This is the northernmost parish in the Deanery of Allerton in the Archdeaconry of Leeds and the Diocese of West Yorkshire and the Dales.

Members of the Parochial Church Council are either ex-officio or elected at the Annual Parochial Church Meeting (A.P.C.M.) in accordance with the Church Representation Rules (2020).

2

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

REPORT OF THE TRUSTEES (CONTINUED….)

During 2020 the following served as trustees of the charity:

Incumbent: Priest with Permission to Officiate

Churchwardens:

Reverend Angela Hannafin Chairperson Reverend Dr Anna Wallis From Sept 2020 Mrs Jacqueline Earnshaw All Hallows - from 2015 Mrs Fiona Siekierkowski Saint Mary Magdalene - from 2016

Deanery Synod members: Mr Brian Potter Retired October 2020 Mr Robert Siekierkowski Retires 2023 Mr Richard South Retired October 2020 Mr Terry Wheeler From October 2020 Elected trustees retiring 2020: Carol Peace Retired October 2020 Judith South Retired October 2020 Elected trustees retiring 2021: Mrs Charlotte Meek Parish and All Hallows Safeguarding Officer Mrs Helen Render Parish Baptism Secretary Mr Richard South PCC Treasurer Elected trustees retiring 2022: Mr Philip Jones Mrs Susanne Lifford Treasurer Saint Mary Magdalene Mr Peter Lord Saint Mary Magdalene Safeguarding Officer Mr James Redmayne From October 2020 Mr Stephen Scales Parish Giving Officer & Web site manager PCC secretary (non trustee) Mrs Elizabeth Otty Parish Administrator

Structure, Governance and Management

The Parochial Church Council (P.C.C.) is a body established by the Church of England. The P.C.C. operates under the Parochial Church Council Powers Measure 1956 and the Church Representation Rules 2020

The method of appointment of P.C.C. trustees is as set out in the Church Representation Rules 2020. Newly appointed P.C.C. trustees are introduced into their roles and responsibilities by the Churchwardens.

The P.C.C. has met on seven occasions during the year (six ordinary meetings, one Annual Parochial Church Meeting). Due to the 2020 coronavirus pandemic five of these meetings were virtual via the Internet. The average attendance of the ordinary meetings was 92%. The APCM, normally held in April was delayed until October due to the pandemic. There were 96 names on the Electoral Roll at the time of the APCM in October 2020

All meetings include the review of the reports of P.C.C. subcommittees and the sanctioning of any actions as required. The main subjects under discussion during 2020 was the Coronavirus pandemic, its impact on services and the need to support those in need in the parish and the wider community. Also under discussion was mission and worship, the routine management of our buildings and churchyards and matters of finance and stewardship.

The P.C.C. operates through a number of subcommittees. They meet between the meetings of the P.C.C., as and when required, and make regular reports to the P.C.C. either verbally at the meeting or by presentation of any meeting minutes.

3

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

REPORT OF THE TRUSTEES (CONTINUED….)

Structure, Governance and Management (Continued...)

Standing Committee: Has the power to transact the business of the P.C.C. in between official meetings as and when necessary. All Hallows Church Council: Is responsible for the mission and maintenance of the Parish Church of All Hallows and its churchyard. Saint Mary Magdalene Church Is responsible for the mission and maintenance of the Church of Saint Council: Mary Magdalene and its churchyard. Finance Committee: Is responsible for directing and monitoring income, expenditure and budgeting, and co-ordinating the Christian stewardship of money through planned giving.

The P.C.C. supports a parish office, situated in the Callister Hall. This office is managed by the Parish Administrator and is open every weekday afternoon.

Achievements and Performance

The Reverend Angela Hannafin is the Incumbent of the Parish (half time) and also Lay Training Officer (half time) for the Leeds Episcopal Area in the Diocese of Leeds. The Reverend Dr Anna Wallis was licenced as Priest with Permission to Officiate in our Parish from September 2020. James Redmayne has also joined our preaching team as we grow our lay leadership.

Our regular services continued as follows until mid-March 2020:

Sunday: 08.00 & 10.45 - Holy Communion at All Hallows 09.15 - Holy Communion at Saint Mary Magdalene Thursday 09.15 – Morning Prayer at All Hallows First Wednesday of the month 11.00 - Holy Communion at Saint Mary Magdalene Second Sunday of the month 10.45 - Family Worship at All Hallows Fourth Sunday of the month 09.15 - Family Worship at Saint Mary Magdalene

After which and from 22.03.2020 we were required to close due the Coronavirus pandemic. Services recommenced on 13.09.2020, ceased again for a further lockdown on 08.11.2020 and recommenced on 06.12.2020. Numbers attending Sunday services, when possible to hold, have been severely restricted due to social distancing rules. Our churches, which are normally open to the public during day light hours, have been closed to daily visitors since March and remain so at year-end.

Most special services have ceased and those marking the milestones of the journey through life have been limited in number. In 2020 we held two baptisms and five weddings. Nineteen funerals have taken place (eight of which were at a crematorium), three people have been buried and the cremated remains of eight people have been interred.

The Callister Hall was closed from March 2020 due to the virus. Bardsey playgroup, as registered local authority childcare provider, was able to return under the Covid regulations as from the start of the autumn term.

4

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

REPORT OF THE TRUSTEES (CONTINUED….)

Achievements and Performance (continued…)

During the pandemic we have taken our mission into the community in a number of ways: -

Financial Review

The impact of the Covid-19 pandemic has resulted in a very difficult year for our parish on many counts but especially financially with losses seen in voluntary income, income from parochial fees and income from the hire of the Callister Hall. Voluntary income fell by 13% as cash collections in the plate or by envelope have not been possible for most of the year, however this reduction would have been far greater if not for those who give regularly by standing order and we are immensely grateful to all those who support us in this way.

Expenditure has not reduced correspondingly as we have had to continue maintaining our buildings and churchyards and we committed to paying our Parish Share in full together with an extra £2,000 in response to a request for help from the Diocese of Leeds as they are also experiencing a sharp decline in income. Consequently income less expenditure shows a deficit of £32,628 which has had to be covered by withdrawals from our investment funds. On a happier note however this loss has been covered by an amount of £46,799 of representing unrealised gains on our investments.

The financial future for the parish in 2021 remains uncertain and will very much depend on the course of the pandemic and when we will be able to open our churches again. Meanwhile the Parish remains solvent and we will look to seeking ways of mitigating the impact of the financial challenges that may face us

Elizabeth Otty, PCC Treasurer

5

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

REPORT OF THE TRUSTEES (CONTINUED….)

Policy on Reserves

Reserves are managed and invested in order that short, medium and long-term requirements of the Parish can be adequately met and funds made available to satisfy any needs as and when they arise. The P.C.C. has agreed to hold £30,000 to satisfy such needs,

Volunteers

The churchwardens and all the P.C.C. wish to express their grateful thanks and appreciation to every member of our congregation and many other local people who have tirelessly and enthusiastically given their time and support to the parish throughout 2020.

Fabric and Maintenance Report

During 2020 All Hallows, Saint Mary Magdalene and the Callister Hall have undergone the annual statutory inspections required for fire extinguishers and gas safety. The lightning protection on both churches has been inspected and tested and the two church organs have been serviced. Routine maintenance of the grass, hedges and trees in both churchyards has also continued.

Other works: All Hallows -

The following works were undertaken during 2020. The improvement of lighting at the rear of the church, the reconfiguring of a number of pews to gain space for extending church activities, and the fitting of handrails to improve safety. An audiovisual system has also been installed. Funding for these works came from investment funds, donations and the Listed Places of Worship Grant Scheme

Saint Mary Magdalene –

The following works were undertaken during 2020. The felling of three trees with local authority permission and the continuing of work commenced in 2019 to repair areas of the roof. Funding for these works came from investment funds.

Callister Hall –

No major work has been required during the year.

Risk Management

Safeguarding

The P.C.C recognises the importance of its responsibilities to the needs of all vulnerable adults and young people and abides by all Government and Diocesan policy requirements. All P.C.C members have undertaken online safeguarding training during and our safeguarding polices are displayed on our notice boards and our web site. Safeguarding matters are discussed at all P.C.C meetings, reviewed annually and full written policy for the parish is available from the Parish office.

Health and Safety

The health and safety of the users of our premises is an ongoing concern as the P.C.C seeks to assess and to monitor all risks relating to its various activities. Health and Safety matters are discussed at all P.C.C meetings, reviewed annually and written polices are held in both churches and the Callister Hall

Approval

This annual report was approved by the Parochial Church Council on 12.01.2021 and signed on their behalf by:

6

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020, which are set out on pages 8 to 14.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance with the requirements of Charities Act 2011 ('the Act').

I report in respect of my examination of the charity's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or

  2. the accounts do not accord with those record; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

7

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

Notes
INCOME AND ENDOWMENTS
Voluntary Income
2a
Activities for generating funds
2b
Income from investments
2c
Church activities
2d
Profit from sale of investments
TOTAL INCOME
EXPENDITURE
Church activities
3a
Raising funds
3b
TOTAL EXPENDITURE
NET INCOME/EXPENDITURE
BEFORE INVESTMENT GAINS
NET GAINS/LOSSES ON
INVESTMENTS
NET INCOME/EXPENDITURE
TOTAL FUNDS BROUGHT
FORWARD
TOTAL FUNDS CARRIED
FORWARD		 Unrestricted
Funds
Restricted
Funds
Endowment
Funds
2020
£
£
£
£
70,275
-
-
70,275
14,319
-
-
14,319
5,193
34
6,049
11,276
7,429
-
-
7,429
-
-
-
-
97,216
34
6,049
103,299
96,550
28,003
8,165
132,718
3,209
-
-
3,209
99,759
28,003
8,165
135,927
(2,543)
(27,969)
(2,116)
(32,628)
0
11,549
35,250
46,799
(2,543)
(16,420)
33,134
14,171
377,202
185,284
196,104
758,590
£374,659
£168,864
£229,238
£772,761		 2019
£
81,240
28,721
13,258
11,868
6,041
141,128
241,557
8,097
249,654
(108,526)
64,072
(44,454)
803,044
£758,590

8

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

BALANCE SHEET AS AT 31 DECEMBER 2020

Notes
FIXED ASSETS
Tangible
7a
Investments
7b
CURRENT ASSETS
Debtors
8
Cash at bank and in hand
LIABILITIES
Creditors: amounts falling due in one year
9
NET CURRENT ASSETS
TOTAL NET ASSETS
PARISH FUNDS
Unrestricted
10 & 11
Restricted
10 & 11
Endowment
10 & 11		 2020
£
366,130
389,269
755,399
-
30,289
30,289
12,927
17,362
£772,761
374,659
168,864
229,238
£772,761		 2019
£
366,130
358,470
724,600
-
51,266
51,266
17,276
33,990
£758,590
377,202
185,284
196,104
£758,590

Approved by the Parochial Church Council on 10 March 2021 and signed on its behalf by:

9

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

NOTES FORMING PART OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1. Accounting Policies

Basis of preparation

The P.C.C. is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of P.C.C.'s and with the Regulations' "true and fair view" provisions, together with the provisions of Section 1A "Small Entities" of the FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).

The financial statements have been prepared under the historical cost convention, except for the valuation of investment assets, which are shown at fair value.

Fixed assets

Consecrated land and buildings

Consecrated and beneficed property is excluded from the accounts by section 10 of the Charities Act 2011.

Freehold property

No depreciation is provided on buildings as the current estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets currently exceeds 50 years, so that any depreciation charges would be immaterial. An impairment review is carried out each year-end and any resultant loss identified included in expenditure for the year.

Movable church furnishings

No value is placed on movable church furnishings held by the Churchwardens on special trust for the P.C.C. and which require a faculty for disposal since the P.C.C. considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities and separately disclosed.

Other fixtures, fittings and office equipment

Equipment used with the church premises is depreciated on a straight line basis over 10 years. Individual items of equipment with a purchase price of £1,000 or less are written off when the asset is acquired.

Investments

Investments are stated at market value.

Resources used

Grants and donations are included in the Statement of Financial Activities when any preconditions preventing their use by the P.C.C. have been met. For collections and planned giving this is when the funds are received.

Activities directly relating to the work of the Church

The Diocesan share is accounted for as the amount remitted to the Diocese in the year.

10

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020 (CONTINUED…)

1. Accounting Policies (continued…)

Funds

Unrestricted Funds

These represent the remaining income funds of the P.C.C. that are available for spending on the general purposes of the P.C.C., including amounts designated by the P.C.C. for fixed assets for its own use or for spending on a future project.

Restricted Funds

These are income funds that must be spent on restricted purposes and details of the funds held and restrictions provided are shown in the notes to the accounts.

Endowment Funds

These are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts.

Incoming resources

Recognition of income and endowments

These are included in the Statement of Financial Activities when:

  1. the P.C.C becomes legally entitled to the use of the resources;

  2. and inflow of economic benefit is probable; and

  3. the monetary value can be measured with sufficient reliability.

Other ordinary income

Rental income from letting of church premises is recognised when the rents are due.

Income from investments

Dividends and interest are accounted for when receivable.

2 INCOME AND ENDOWMENTS

2a)
Voluntary Income
Planned giving
Tax recoverable
Other giving
Legacy
Donations
2b)
Activities for generating funds
Callister Hall income
Newsletter and advertising
Listed Places of Worship Grant
Scheme
Money raising events		 Unrestricted
Funds
£
44,695
13,550
6,342
2,152
3,536
£70,275
3,537
7,396
3,386
-
£14,319		 Restricted
Funds
£
-
-
-
-
-
-
-
-
-
-
-		 Endowment
Funds
£
-
-
-
-
-
-
-
-
-
-
-		 2020
£
44,695
13,550
6,342
2,152
3,536
£70,275
3,537
7,396
3,386
-
£14,319		 2019
£
50,589
14,310
7,811
-
8,530
£81,240
8,892
8,549
10,265
1,015
£28,721

11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020 (CONTINUED…)

2. INCOME AND ENDOWMENTS

(continued…)

2c)
Income from investments
Dividends on CBF investment funds
Bank and CBF deposit funds interest
2d)
Income from church activities
Parish council grant
Parochial fees
3
EXPENDITURE
3a)
Church activities
Church and Hall running costs
Church and Hall maintenance
Churchyard maintenance
Non recurring major expenditure (see
note 6)
Diocesan share
Management and administration
3b)
Raising funds
Printing of newsletter		 Unrestricted
Funds
£
5,189
4
£5,193		 Restricted
Funds
£
-
34
£34		 Endowment
Funds
£
5,968
81
£6,049		 2020
£
11,157
119
£11,276
-
7,429
£7,429
2020
£
9,652
3,389
11,109
17,870
74,467
16,231
£132,718
£3,209		 2019
£
12,759
499
£13,258
-
7,429
£7,429
Unrestricted
Funds
£
9,652
3,389
2,944
9,885
54,449
16,231
£96,550
£3,209		 -
-
-
Restricted
Funds
£
-
-
-
7,985
20,018
-
£28,003
-		 -
-
-
Endowment
Funds
£
-
-
8,165
-
-
-
£8,165
-		 700
11,168
£11,868
2019
£
10,564
3,827
7,225
129,859
70,482
19,600
£241,557
£8,097

4 ANALYSIS OF EXPENDITURE

The management and administration costs are allocated in their entirety to the unrestricted
expenditure and include
Independent examiners remuneration		 2020
£
£1,854		 2019
£
£1,722

12

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020 (CONTINUED…)

5 STAFF COSTS
Gross wages
Number of staff employed
6 NON RECURRING MAJOR EXPENDITURE
All Hallows roof, pointing and rainwater goods
All Hallows hand rails and pews
Saint Mary Magdalene roof and rainwater goods
Glade and keyboard
Projector AH
7 FIXED ASSETS
7a)Tangible
Cost
As at 1 January 2020 and 31 December 2020

Depreciation

As at 1 January 2020 and 31 December 2020

Net book value

As at 1 January 2020 and 31 December 2020

Freehold
property
£
336,130.00
-

£336,130.00		 2020
£
£10,455

1
2020
£
1,098
8,478
660
-
7,634		 2019
£
£10,455
1
2019
£
78,182
2,932
47,793
952
-
£17,870 £129,859
Office
Equipment
£
3,636.00
3,636.00
£-		 Total
£
339,766
3,636
£336,130

The freehold property relates to Callister Hall and is recorded at "fair value" as at 1 January 2015 (£366,130) which is taken to be deemed cost under the transitional arrangements to FRS 102.

7b)Investments


Market value as at 1 January 2020

Additions/(disposals)

Net investment gains/l(losses)

Market value as at 31 December 2020

All investments relate to CBF Church of England Investment funds.
The market value represents investments for:
Unrestricted funds

Restricted funds
Endowment funds		 2020
£
358,470
(16,000)
46,799
£389,269
2020
£
-
168,864
220,405
£389,269		 2019
£
345,454
(57,127)
70,143
£ 358,470
2019
£
-
173,316
185,154
£358,470

13

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BARDSEY

NOTES FORMING PART OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020 (CONTINUED…)

8
9
10		 DEBTORS (Unrestricted funds)
Tax recoverable
Parochial fees
AMOUNTS FALLING DUE IN ONE
YEAR
Accruals
Deferred income (Newsletter 2020 advertising income)
Major expenditure
Tree felling Saint Mary Magdalene
Other taxes and social security costs
SUMMARY OF FUNDS MOVEMENTS
As at 1
January 2020
Incoming
resources
Resources
expended
£
£
£
Unrestricted
General Fund
377,202
97,216
(99,759)
Restricted
Bardsey School House Fund
66,034
-
(13,000)
Bardsey School House Income Fund
4,951
6
(4,957)
E Keswick Parsonage Fund
107,281
-
(3,000)
E Keswick Parsonage Income Fund
7,018
28
(7,046)
185,284
34
(28,003)
Endowment
E Keswick Churchyard Fund
185,154
-
-
Saint Mary Magdalene Deposit Fund
10,950
6,049
(8,165)
196,104
6,049
(8,165)
Total Funds
£758,590
£103,299
£(135,927)		 DEBTORS (Unrestricted funds)
Tax recoverable
Parochial fees
AMOUNTS FALLING DUE IN ONE
YEAR
Accruals
Deferred income (Newsletter 2020 advertising income)
Major expenditure
Tree felling Saint Mary Magdalene
Other taxes and social security costs
SUMMARY OF FUNDS MOVEMENTS
As at 1
January 2020
Incoming
resources
Resources
expended
£
£
£
Unrestricted
General Fund
377,202
97,216
(99,759)
Restricted
Bardsey School House Fund
66,034
-
(13,000)
Bardsey School House Income Fund
4,951
6
(4,957)
E Keswick Parsonage Fund
107,281
-
(3,000)
E Keswick Parsonage Income Fund
7,018
28
(7,046)
185,284
34
(28,003)
Endowment
E Keswick Churchyard Fund
185,154
-
-
Saint Mary Magdalene Deposit Fund
10,950
6,049
(8,165)
196,104
6,049
(8,165)
Total Funds
£758,590
£103,299
£(135,927)		 2020
£
-
-
-
2020
£
2,000
-
7,207
3,720
-
£12,927
Investment
gains
£
-		 2019
£
-
-
-
2019
£
2,000
6,883
7,870
-
523
£17,276
As at 31
December
2020
£
374,659
66,034
-
(13,000)
4,951
6
(4,957)
107,281
-
(3,000)
7,018
28
(7,046)		 4,246
-
7,303
-		 57,280
-
111,584
-
185,284
34
(28,003)		 11,549 168,864
185,154
-
-
10,950
6,049
(8,165)		 35,250
-		 220,404
8,834
196,104
6,049
(8,165)		 35,250 229,238
£758,590
£103,299
£(135,927)		 £46,799 £772,761

10 SUMMARY OF FUNDS MOVEMENTS

The General reserve represents the free funds of the charity, which are not designated for particular purposes

The Bardsey School House funds and the East Keswick Parsonage funds were both established on the sale of the respective properties. The assets of the funds are held by the Diocese as custodian trustee to be applied in the future for ecclesiastical purposes

The East Keswick Churchyard fund was established in 2009 by a legacy. The fund is classed as a permanent endowment whereby the capital is retained in perpetuity with income arising to be applied to the maintenance of Saint Mary Magdalene’s churchyard.

11 SUMMARY OF ASSETS BY FUND

Tangible fixed assets
Investments fixed assets
Current Assets
Liabilities due within one year		 Unrestricted
funds
Restricted
funds
Endowment
funds
£
£
£
366,130
-
-
-
168,864
220,405
21,456
-
8,833
(12,927)
-
-
£374,659
£168,864
£229,238		 2020
£
366,130
389,269
30,289
(12,927)
£772,761		 2019
£
366,130
358,470
51,266
(17,276)
£758,590

14