## **SWINDON OLD TOWN PARTNERSHIP OF CHURCHES** 


## **CHRIST CHURCH WITH ST MARY’S** 

## **ANNUAL REPORT AND** 

## **FINANCIAL STATEMENTS** 

**OF THE PAROCHIAL CHURCH COUNCIL for the year ended 31[st] December 2020** 


**Registered Charity Number 1134032** 

Page **1** of **26** 



## **Contents** 

**Trustees’ Annual Report ....................................................................................................................... 3 Trustees’ Review of 2020 ...................................................................................................................... 3 Our vision and plan for 2021 ................................................................................................................. 5 Buildings and Grounds .......................................................................................................................... 6 Achievements and performance ........................................................................................................... 6 Administrative information .................................................................................................................. 7 Structure, management and governance: ............................................................................................. 9 Financial Review ................................................................................................................................. 10 Income ............................................................................................................................................... 12 Expenditure ........................................................................................................................................ 12 Reserves policy ................................................................................................................................... 12 Independent Examiner's Report 2020 ................................................................................................. 13 Financial Reports 2020 ........................................................................................................................ 14** 

Page **2** of **26** 



## **Trustees’ Annual Report** 

## **Charitable objects** 

The objects of the Charity is to promote the ecclesiastical parish the whole mission of the Church. 

## _**Our vision**_ 

## **To be Christ’s Church in the community** 

**Our mission:** By proclaiming Christ through teaching and example: 

- By welcoming and serving all through hospitality. 

- By encouraging people to find God through worship, faith and prayer. 

- By providing a spiritual home and resources for the local community. 

- By transforming Swindon and beyond with God’s hope and compassion. 

We will do this with humility, grace and respect, listening prayerfully to God and our neighbour. 

## **Trustees’ Review of 2020** 

## **How, with God’s strength, we met our goals for 2020** 

In 2020 our Bible verse of the year was: 

‘The earth is the Lord’s and everything in it, the world and all who live in it.’  Psalm 24:1. 

## **1. Becoming an Eco-Congregation** 

- The first two months of 2020 were spent primarily deciding how we were going to develop practically and spiritually as an eco-congregation. With the onset of Covid 19, we had to reappraise how we were going to achieve this goal. As a PCC we are enormously grateful to our congregation for their support, prayers, and flexibility as we moved to a virtual way of working with the Christ Church and St. Mary’s buildings, Community Centre and Parish Office being closed for much of the year. 

- As an eco-congregation, we organised a Partnership Home Groups Lent course with Celebration Earth and Martin Palmer ‘Finding hope in the whole of Creation’, which went ahead but was not fully completed.  Martin’s lecture on 22[nd] May was in the form of a Webinar entitled ‘Not back to Normal: Planning for a better future’. The Staff Team organised a two month preaching series in the Autumn entitled: ‘How then shall we live ‘, with materials for our Home Groups. In partnership with The Friends of Christ Church, Martin gave a lecture entitled: ‘Celebration in a time of fear’ in October. 

With Christ Church and St. Mary’s being closed over Easter we were very grateful to Gervin Senior for his imaginative sculptures Crucifixion Recycled, Resurrection Retreaded. At the end of the year, Gervin further constructed an eco-stable, which was widely appreciated and was a great hit on our Christ Church Facebook page. 

Page **3** of **26** 



## 2. **Our response to the coronavirus pandemic/COVID-19:** 

- a. We set up a working group - “Reopening (COVID-19) Working Group”  to lead the preparation and implementation of risk assessments. These were necessary to enable the controlled reopening of Christ Church with St Mary’s, for personal prayer and for public worship, in compliance with Government legal requirements and advice from the Church of England.  The first meeting of the WG was on 11 June 2020 and the fifteenth meeting is currently planned for 24 March 2021. The purpose and make-up of the working group is included in a Terms of Reference document approved by PCC.  A comprehensive risk assessment has been prepared, based on the Church of England template, and is maintained under continuing review. (Daniel Pitt, 18 March 2021) 

   - We are enormously grateful to this group and its hard work and professionalism ensuring people were kept safe on our grounds and through our activities. We have adjusted to the Parish Office running virtually with our Administrator, Helen and Parish Clerk, Carol working from home on flexible furlough. We are grateful to six members of our paid staff for the ways they adjusted and been so understanding while being on furlough. 

- b. **Outreach -** We launched **Keeping In Touch (KIT)** a pastoral scheme to provide practical and spiritual support for those who were shielding. This scheme has been widely appreciated.  The community centre co-ordinated 120 hampers for those living on their own at Christmas and 60 people received a phone call on Christmas Day by way of encouragement. 

- c. We held open air community carol singing on Christmas Eve. 

- d. In December the **Friends of Christ Church** published the book ‘The Beacon on the Hill, the story of Christ Church, Swindon and the community it serves written by Mark Bridgeman. Initial print sales have been encouraging. The cost is £13 and runs to 336 pages. a virtual AGM will be held  by Zoom on Thursday 15 April at 2.30 to approve the Friends Annual reports and accounts for 2019 and 2020.  The meeting will also confirm all the trustees, with thanks for all their work.  Chair, Caroline Pitt, Vice Chair Daniel Pitt, Secretary Christine Senior, Treasurer Juliya Kablak.  Elected Trustees Steve Austin, Janet French, Angela Ruck, Margaret Williams, MBE.  Appointed Trustees, Revd Canon Simon Stevenette, Jim D'Avila and Pam Bridgeman. 

- e. Due to the pandemic our Partnership Messy Church has been suspended, along with our plans to appoint a Children’s and Young Families Pioneer Minister. We have endeavoured to support our Sunday Club children and young families through **KIT** and online resources via our Facebook page and a children’s talk at each recorded service. 

- f. **Online services/ telephone access -** At the beginning of the pandemic, we launched online worship and gained increasing confidence with this and in using social media generally. We are grateful to Stephen Grosvenor and Janet French for all their hard work on our behalf in this area. 

   - Audio recordings were available on the website. For those unable to use the internet we provided access via an ordinary telephone call. We also ran 2 successful webinars featuring Martin Palmer who talked about the environment and faith. At Christmas, Hilliers kindly offered their services to enable us to live stream some of our services. 

- g. **Facebook -** we have extended our social media outreach with regular posts on Facebook and Twitter accounts and now are being followed by more than 1,100 people. 

Page **4** of **26** 



3. **Discipleship and training** We have continued to inspire the congregation to grow in discipleship through our small groups. For example, we have led the Bible Course and the Prayer Course online to encourage growth in these areas. The staff team have taken advantage of many excellent webinars organised by, amongst others; the Church Pastoral Aid Society (CPAS), the Evangelism and Discipleship branch of the Church of England, and our own Bristol Diocese. This has covered Eco Church, climate change, children’s and youth work, leadership, education, Unconscious Bias training, community development, and spirituality. Bishop Viv’s Quiet days in Lent and Advent were a great blessing. 

4. **Buildings and environment:** Work was begun on the restoration of the former rose garden. A faculty application was made towards the end of the year and planning and design meetings were held to develop a plan of the new garden. We are grateful to the team working on this on our behalf. 

**5. Our Community Centre:** The Community Centre operated to maintain services to support groups. It reopened as soon as allowed following covid secure guidance. We operated a Christmas hamper scheme in place of _Alone at Christmas_ . We applied for and received lottery grant to assist future running of the community centre. 

6. **Safeguarding:** The PCC, with the safeguarding team (Pam Bridgeman, Ailsa Palmer and Norma McKemey) acting on its behalf, continue to maintain high safeguarding standards and has complied with the duty to have due regard to the House of Bishops’ Safeguarding Policy and Practice Guidance. 

## **Our vision and plan for 2021 What are the focus-areas God is calling us to concentrate on during 2021?** 

Our Bible verse for 2021 is: 

**1 Peter 1 verse 3** Blessed be the God and Father of our Lord Jesus Christ! By his great mercy he has given us a new birth into a living hope Through the resurrection of Jesus Christ from the dead. 

Our goals for 2021 include: 

- Lives matter and Outreach 

- Eco-church 

- Focus forward and transformation 

**Lives matter and Outreach:** Beginning with this foundation, we will continue to share our hope in God in the midst of all the effects the Covid 19 pandemic has had in our Old Town Swindon parish and our Swindon Borough, particularly in the area of mental health. In response, we will run the Wellbeing Journey, learning from its insights regarding our listening, prayer and pastoral support. We will also provide training in Mindfulness and the Christian faith. 

We will further develop our **KIT** pastoral support scheme, supporting people and making relationships; to this end we will organise social events to help people build new friendships and regain confidence in returning to public life after all the isolation Covid has brought. 

With our Partnership, we will support, as much as possible, our project with the school in Desai Kenya, which has been postponed due to Covid. We will also do all we can to help to support Messy Church as it 

Page **5** of **26** 



starts again and we consider together how we can best support spiritually our children and young families through our Sunday Club, schools work, schools ministry and other activities. 

**Eco-church:** We will continue to develop as an Eco-congregation with a goal to gain Eco-church accreditation, being supported Phil Mansfield as our Eco Champion. We are looking forward to the Revd Mark Siddall’s placement in September to provide further stimulus in this area. 

**Focus Forward and Transformation:** We will support our Bristol Diocese as widely as possible especially in the ‘Transforming Church Together’ initiative as we build a new mission and ministry strategy for the forthcoming years. We will also support the Church of England nationally in considering the important ‘Living in Faith and Love’ materials regarding human sexuality and living in same sex partnerships. Additionally, we will continue to reappraise what we do and why we do it with all aspects of our Christian ministry as a result of the Covid 19 pandemic. This will also include building back our finances on a stronger footing, recognising the effect of the postponement of so many of our activities over the last year. Taking forward a further theme from our Strategic Review 2017, we will further develop our communication across the congregation. Our small groups will be particularly important with this as we welcome newcomers. 

We are very grateful to the congregation for all of their support, prayers, giving and hard work. 

## **Buildings and Grounds** 

Having been granted permission to proceed, we will continue to develop the former rose garden under the direction of Ian Handy who is leading the work. A fund-raising campaign has been set up to seek contributions for the garden and for its further development and future maintenance. We also need to appoint a new Church Architect this year to assist us in the delayed quinquennial inspection. As funds for this coming year remain uncertain further development proposals for audio visual and lighting projects are on hold pending a review of finances and priorities. 

## **Achievements and performance** 

Church attendance 

- At the APCM (25 October 2020) our electoral roll stood at 152. 

- Our worshipping community is approximately, 151 children and adults. 

Baptisms:  6 infants under I year. Two couples married in Christ Church. Our staff team took 20 funeral services in church (down from 22 in 2019). The ministry team conducted 17 interment of ashes and committals only. Offsite our team conducted 23 funeral services, down from 25 in 2019. 

The Revd Canon Simon Stevenette, March 2021 

Page **6** of **26** 



## **Administrative information** 

## **Incumbent:** 

**Incumbent:** Revd Canon Simon M Stevenette Christ Church Vicarage 26 Cricklade Street Swindon SN1 3HG **Lay chair from October 2020:** Pam Bridgeman 69 Sandringham Road, Swindon SN3 1HT 

## **Christ Church with St Mary’s, Old Town, Swindon:** 

- is a Church of England parish within the Swindon Deanery of the Diocese of Bristol. 

- serves a population of approximately 15,000. 

- the parish includes 4 primary schools, 3 secondary schools and many residential and nursing homes. 

- has a staff/ministerial team of 11 (of which 1 is stipendiary) 

- is a member of the Swindon Old Town Partnership of Churches 

- is in Cricklade Street, with St Mary's in Commonweal Road, both in the Old Town area of Swindon. 

- has its Parish Office at The Community Centre @ Christ Church, Cricklade Street, Swindon, SN1 3HB. However, due to the pandemic this office is closed. The administrator continues to work from her home study. Please continue to use the telephone number 01793 522832, and email parishoffice@christchurchswindon.co.uk 

- maintains the Christ Church website **:** www.christchurchswindon.co.uk. has its Vicarage at 26 Cricklade Street, Swindon, SN1 3HG, telephone and fax 01793 529166 and email simon@christchurchswindon.co.uk 

Page **7** of **26** 



## **Trustees during the Year** 

*Trustees 

The PCC comprises of the Vicar and a curate, two churchwardens, three representatives on the Swindon Deanery Synod, and up to 15 other elected members.  The members of the PCC are the Trustees of Registered Charity number 1134032. 

## **Ex officio members:** 

*Revd Canon Simon Stevenette – Vicar 

*Revd Norma McKemey – Associate Minister *Daniel Pitt (Ex officio as chair of Old Town Partnership of Churches) 

* Pam Bridgeman – Churchwarden 

* Jim D’Avila – Churchwarden 

* Anne Macmillan – LLM *Andrew Yeoward – Treasurer 

* Sheila Wright (Deanery Synod, until 2020 APCM) 

*Ian Farr (Deanery Synod, until 2020 APCM) 

*Greg Kendall (Deanery Synod, until 2020 APCM) *Anne Grainger (Deanery Synod, from 2020 APCM) *Kevin Penfold (Deanery Synod, from 2020 APCM) 

## **Elected members:** 

*Ruth Awinyo (from 2019 APCM) 

* Charles Vince (from 2019 APCM) *David Ratnam (until 2021 APCM) *Janet French (until 2020 APCM) *Siamon Opande  (until 2020 APCM) *Ailsa Palmer (until 2020 APCM) *Steven Shinde (until 2020 APCM) 

*Sean Bolger (from 2020 APCM) 

*Steve Cox (from 2020 APCM) 

*Rose Earle (from 2020 APCM) 

*Mike Frost Foster (from 2020 APCM) 

## **Non-voting Attendees:** 

Ailsa Palmer – acting PCC minutes secretary Chris Smith – Community Centre @ Christ Church Development Manager Sandie Rule - (from 2018 APCM, verger and deputy churchwarden) 

Helen Parker-Drabble – parish administrator 

## **Other officeholders:** 

Stephen Grosvenor – Gift Aid secretary Alison Harris – Electoral Roll Officer Carol Simmons – Parish Clerk 

Safeguarding team: 

Norma McKemey, Pam Bridgeman and Ailsa Palmer 

Vulnerable adult adviser: Nitin Shinde 

Page **8** of **26** 



## **Ministerial staff team** 

## **Vicar** 

Revd Canon Simon Stevenette 

## **Associate Ministers** 

Revd Norma McKemey Revd Daphne Hardwick Revd David Day Revd David Howell (Retired 2020) 

**Licensed Lay Ministers** Margaret Williams (LLM emeritus from Dec 2020) Genny Williams Anne Macmillan Carol Simmons Ailsa Palmer Kevin Penfold (from 2019) 

## **Banks:** 

Lloyds Bank plc, 5 High Street, Swindon, SN1 3EN 

## **Independent Examiner:** 

S G Fraser FCA, MHA Monahans, 38-42 Newport Street, Swindon, SN1 3DR 

The Parochial Church Council is a corporate body established by the Church of England. 

The PCC operates under the Parochial Church Council Powers Measure. 

The PCC is a Registered Charity no. 1134032 

## **Structure, management and governance:** 

## **The Trustees** 

The Trustees of Christ Church are the PCC, which has the responsibility of co-operating with the Vicar in promoting the work of the Church in the parish. 

The appointment of PCC members is governed by and set out in the Church Representation Rules.  The PCC is responsible for a wide range of activities affecting the parish including, but not restricted to, compliance with statutes and legislation and the creation of suitable policies and procedures to protect those considered to be vulnerable. It is important that the PCC adopts and implements suitable training procedures to ensure that members are equipped to handle the challenges this represents. In addition to the dissemination of appropriate reading matter, the PCC actively encourages individuals to attend training courses arranged by the Diocese or Deanery and to report back to the PCC as a body. 

The PCC actively encourages members of its congregation to register on the Electoral Roll and stand for election to the PCC. 

## **The PCC has:** 

A Standing Committee – contact – PCC Secretary 

And 7 subcommittees that report back to the PCC: 

Page **9** of **26** 



- The Reopening (COVID-19) Working Group – contact Daniel Pitt (Subject to review in June 2021, it is anticipated that this WG will be wound up as soon as COVID-19 circumstances allow.) 

- Buildings and Site Development – contact Stephen Grosvenor/Michael Palmer 

- Mission and Evangelism – Ailsa Palmer 

- Church Family – contact Pam Bridgeman/Anne Macmillan 

- Finance and Governance – contact Daniel Pitt/Andrew Yeoward 

- Children and Youth – contact Dorothy Gatherum 

- Community Centre Events and Networks Group* – Contact Chris Smith 

*As agreed at the January 2019 PCC, the earlier Community Networks Working Group and the Community Centre Advisory Group were amalgamated into the new Community Centre Events and Networks Group, under revised Terms of Reference. 

The PCC has delegated authority to the Standing Committee to make day-to-day decisions when it is not practicable in terms of timescale to wait for the full PCC to convene and decide. This delegation may be withdrawn by the PCC at any time, and any decisions made by the Standing Committee under this authority must be approved by the PCC at the next suitable opportunity. 

## **Trusts related to the PCC** 

- Swindon United Charities 

- Christ Church Burial Board 

- The Friends of Christ Church 

## **Risk assessment** 

The Trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. The PCC encouraged members of the congregation to abide by the lone working policy. The PCC agreed a policy on vulnerable adults. 

The PCC endeavours to undertake risk assessments for events it manages. 

The PCC has a child protection policy. 

The PCC has reviewed the major risks facing them and systems/procedures have been/are being established to manage those risks. 

## **Public benefit** 

We have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in planning our future activities. 

## **Financial Review** 

## **Charitable activities** 

This year, the activities have been severely affected by the coronavirus pandemic lockdowns. 

Up until the first lockdown in March, the Community Centre had continued to be a large focus for our engagement with our local community.  There were many regular groups that meet there including: exercise (for children and adults); dancing (for toddlers, children and adults); groups from other churches; a sewing 

Page **10** of **26** 



group; a watercolour painting group; and many others. The outreach activities had continued in the early part of this year particularly looking to help the many lonely people in our area including the weekly afternoon tea on Tuesdays but was not continued during lockdown 

We have continued as best we could with policies established in 2004, of our designated mission giving being restricted to the amount collected in the offerings on special Mission Giving Sundays.  On these weeks we have a focus on the work of the different organisations that we support. The total mission-giving contribution in this challenging year was £1,130 including gift-aid tax recovery which was sent to support the work of Send-a-cow, the Willows Counselling Service and the Church Mission Society (for Jimmy & Katya Rocks). 

Our net parish share contribution was set at £110,000 at the beginning of the year. This contribution level was based on, after adjustment for inflation, a detailed review which was completed in 2017 and included consideration of the fact that our parish share more than covers the Diocese's costs for paying clergy stipends for our church and is viewed as part of our support for the wider mission of the church and particularly other churches in the Swindon Deanery.  However, at the onset of the lockdown in March and the closure of the community centre and the churches it was decided to reduce this by £2750 per month, given the significant uncertainties about our ongoing income and the duration of the lockdown. This reduction was reviewed on a regular basis, and was maintained for the remainder of the year, leading to a final parish share for the year of £85,000. 

These conditions remained broadly in place for the remainder of 2020 and as a consequence the budgeted parish share contribution for 2020 was set at £95,000. 

We made extensive use of the government’s job Retention Scheme (JRS), with all five community centre employers plus the Director of Music being put on full furlough initially. Subsequently, these were furloughed flexibly as we opened up on a limited basis. The parish administrator was also put on flexible furlough later in the year as a precautionary measure. 

## **Fund-raising** 

The usual fundraising activities including the beer festival, the autumn fayre and the Christmas charity market were all cancelled this year. However, we were able to run a modest virtual beer festival with the support of local partners. 

## **Endowment and Restricted Funds** 

There have been no changes in the endowment fund this year. 

We received a gift of £800 (£960 including gift aid) specifically for paying for tree pollarding, which was credited to the property & maintenance restricted fund and used to pay for the pollarding of trees in the church grounds. We also received a gift of £200 to support maintenance of our website. Further restricted funds were received for the community centre totalling £1,755. 

## **Church Reordering/Development and Renewal Projects** 

The significant reordering and development works of the previous years were substantially completed before the start of 2020 which, combined with the coronavirus lockdown, meant there was little further expenditure on this item 

Page **11** of **26** 



## **Income** 

Total receipts of unrestricted funds were down to £236,000 in 2020 from £376,000 in 2019. This is partly explained by the coronavirus lockdown and consequent loss of income from plate collections and other donations and from income to the community centre.  In addition, receipts for restricted funds, including Property & Maintenance and Organ funds, was £4,165, down from £63,850 in 2019, when a generous legacy from John Sondermann for the organ and fabric works had been received. No legacies were received in 2020, but generous donations were received from the Friends of Christ Church 

Although the “donation income” (see note 2a in the accounts below) was significantly lower than last year due to the lockdown, the donation income accounted for about 40% of our core income (i.e. Income excluding Legacies, Grants & D&R) this year which is a vital part of our income.  Thank you very much to all who have supported the PCC during 2019, in which over £94,000 was received in donations. 

The Community Centre was closed for much of the year due to the lockdown and lettings were down to £29,760 from £78,800 in 2019 

## **Expenditure** 

£248,998 was spent to provide the Christian Ministry of Christ Church and St Mary’s Churches during 2020. However, this includes one off development and renewal costs of £12,621 which is the residue of the major works carried out in previous years, so taking this off gives a more representative figure of £237,000, for our ongoing expenditure on Church Activities, this compares with £302,000 spent in 2019.  This figure includes our Parish Share contribution of £85,254, which is commented on above. Other reduced costs included church running and maintenance costs, down a combined £30,000, which is as a consequence of the coronavirus lockdown. 

## **Reserves policy** 

It is PCC policy to maintain (whenever possible) sufficient general funds, equating to four months of ‘normal’ turnover, in order to cover unplanned situations that may occur from time to time.  This is measured as one third of the budgeted income for the year.  The General Fund Income Budget for 2021 is £153,000 so four months of this would equate to £50,863. 

The total funds held at 31 December 2020 were £1,069,200 of which £1,022,970 was held in Unrestricted Funds (see Note 6 in the accounts below). However, £656,966 of that is tied up in the Tangible Assets (i.e. the Community Centre) (Notes 5a & 6), £265,994 in investments (Note 6), and £15,388 is in designated funds for the ongoing running of the Community Centre, and other debtors. £10,649 is also in the Development and Renewal fund, but this is only there as a temporary measure to ensure enough funds to complete any outstanding D&R works, and as such can be considered part of the general reserve. This leaves a reserve of £84,622 which is £34,000 over the 2021 reserves target.  We will continue to monitor this situation during the year. 

During 2019, it was decided to set a reserves policy of £40,000 for the community centre funds. This fund is currently at £14,509, significantly below the policy due to expenses incurred during the lockdown. However, the combined policies have an excess of £8,268 so this is not seen as an issue. 

It is our current policy to invest surplus funds with the CBF Church of England Deposit Fund. 

Page **12** of **26** 



## **Independent Examiner's Report 2020** 


Page **13** of **26** 



## **Financial Reports 2020** 

## **PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WITH ST MARY'S, OLD TOWN SWINDON** 

## **Statement of Financial Activities for the year ended 31st December 2020** 

||Note|General|Designated|Restricted|Endowment|**Total**|**Funds**|
|---|---|---|---|---|---|---|---|
|||Fund|Funds|Funds|Funds|**2020**|201~~9~~|
|**INCOME AND ENDOWMENTS FROM:**<br>||£|£<br>|£<br>|£|**£**|£|
|Donations and Legacies|2a|91,683|11,803|4,165|-|**107,652**|255,091|
|Church Activities|2b|8,880|63,235|-|-|**72,115**|91,641|
|Investments|2c|37,409|-|-|-|**37,409**|35,171|
|Other Trading Activities|2d|16,474|6,696|-|-|**23,170**|57,801|
|Other incoming resources|2e|-|-|-|-|**-**|-|
|**Total income and endowments**||154,446|81,734|4,165|-|**240,345**|439,703|
|**EXPENDITURE ON:**||||||||
|Church Activities|3a|155,307|92,481|1,210|-|**248,998**|676,182|
|Raising Funds|3b|9,418|7,070|-|-|**16,489**|25,795|
|Other|3c|-|-|-|-|**-**|2|
|**Total expenditure**||164,725|99,552|1,210|-|**265,487**|701,979|
|**Net gain/(loss) on investments**|5b|13,388|-|-|-|**13,388**|26,056|
|**NET INCOME / (EXPENDITURE)**||3,108|(17,817)|2,955|-|**(11,754)**|(236,220)|
|**Transfers between funds**|9|(7,159)|7,159|-|-|**-**|**-**|
|**NET MOVEMENT IN FUNDS**||(4,050)|(10,659)|2,955|-|(11,754)|(236,220)|
|**Reconciliation of funds:**||||||||
|**TOTAL FUNDS BROUGHT FORWARD**||1,000,984|36,695|-|43,275|**1,080,954**|1,317,174|
|**TOTAL FUNDS CARRIED FORWARD**||996,934|26,036|2,955|43,275|**1,069,200**|1,080,954|



Page **14** of **26** 



PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WITH ST MARYS.
OLD TOWN SWINDON
Balance Sheet as at 31st December 2020
2020
2019
FIXED ASSErs
Note
Tangible
In*stmerts
672.244
329,292
309,268
966.234
1.001.S36
Debtors arKt prepaymwrts
Short tenn depostts
Cash at Bank and in hand
8.188
12.091
118.312
128.764
126.500
140.855
UABILITIES: AMouKrs
FALLING DUE WITHIN ONE
Credito
23,534
534
61.437
61,437
NEf CURR￿ ASSETS
101965
79,418
TOTAL NEf ASSErs
1,069,21XI
1,080.954
FUNDS
1.OCQ.984
Designatg
Restricted
26.036
2.955
43.275
43,275
1,069.2(K)
1.080,954
Apprnej tyy the Parochi# Church Council on
Lg *K Mcwckn 2021
)J SIgr￿ its behalf by..
The Remd Simon Ste*nette. Chaimian
Member
Page 15 of 26

# **PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WITH ST MARY'S, OLD TOWN SWINDON** 

## **Notes to the Financial Statements for the year ended 31st December 2020** 

## **1 Accounting Policies** 

## **Basis of Preparation** 

The financial statements of the charity have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets. The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. 

The trust constitutes a public benefit entity as defined by FRS 102. 

The financial statements are prepared in sterling which is the functional currency of the charity and rounded to the nearest £. 

There are no significant areas of judgements  or key sources of estimation uncertainty. 

The trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern. 

## Legal Status 

The charity is an unincorporated charitable trust constituted by trust deed. The address of the registered office and the nature of the charity’s operations and principal activities are given in the trustees report. 

## FUNDS 

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. 

Designated funds are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects. 

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. The Revaluation reserve consists of surpluses arising on the revaluation of properties. This fund may only be used on the sale of the properties, by release to unrestricted funds. 

Further explanation of the nature and purpose of each fund is included in the notes to the financial statements. The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of charitable groups that owe their affiliation to another body nor those that are informal gatherings of Church members. 

Page **16** of **26** 



NCOME RECc￿NITIoN
All income is recognised once the charity has enliuemenl to the income, there is sufficient certainty of receipt
and so il is probable that the income wll be recei*d, and the amount of ineome receirdble can ￿ measured
reliably.
For legacies. enlillemenl is taken as the earfier of.
the dale on thich the charity is aware that probate ha5 been granted.,
the eslale has been Inalised and nolificalion has been made by the exeeulorfsl lo the Trust that a distrik￿liOn
will be made,. or
vthen a distribution is receNed frDm the e51ale.
Receipt of a legacy, in thole or in part, is only considered probable when the amount ean be measured reliably
and the charity has been notified of the execulorf5 intention lo make a distribution. Where legacies have been
notified lo the charity, or the charity is aware of the granting of probate, and the criteria for income ￿CognItion
ha￿ not been met, then the legacy is a treated as a conlingenl asset and disclosed if material.
Fundraising is Funds raised by the Autumn Fayre similar events and are accounted br gross.
Dmdends and investments are accounted for then receivable except fi)r Bank interest vthen unpaid interest is
accNed. Tax recoverable on such income is recognised in the same accounting year.
hcome fiDm go￿rnment and other grants are reco￿lSed at fair value ￿en the charity has enlillemenl after any
performance conditions have been met, il is probable that the income will be recei4ed the amount can be
measured reliably. If enlitlemenl is not met then these amounts are defetTed.
Gainsand los*son investments
Realised gain5 or1055es are recogni5ed when in%tslments are sold.
Unrealised gains or losses are accounted for on re¥8luation of investments al 31st December.
EYPENDITURE RECOGNITION
Liabilities are recognised as expenditure as soon as there is a legal or constNclive obligation committing the
charity lo that expenditure, il is probable that settlem￿1 wll be required and the amount of the obligation can be
measured reliably. All expenditure is a¢¢ounled t)r on an accruals basis. All expenses, including support costs
and governance costs, are allocated or apportioned lo the applicable expenditure heading5 in the
slalemenl of financial actimlies. Irreco*rable VAT is charged against the expenditure heading for vthich il Wds
incu￿ed.
Grants
Grants and donations are accounted tr when paid over, or when awarded, if that award ctEates a binding
obligation on the PCC.
Activities directly relating to the work of the Church
The Diocesan parish share is accounted for vthen payable. Any share unpaid al 3151 December 15 provided kjr in
these accounts as an optional Ilhough not a legall lialj'lily and is shown as a creditor in the Balance Sheet.
Tangible fixed assets
Depreciation is provided at the frjllowing annual rates in order lo write off each asset over its estimated usefijl li￿.
Community centre building
50 years on straight line basis
Fixtures, fittings and equipment
5 years on strdighl line basis
hdiifidual items of erLuiEment with aJ)_urchaseyice of £1000 or less are written off ￿en the asset is a¢(Luired.
Page 17 of 26

## **Consecrated land and buildings and movable church furnishings** 

Consecrated and beneficed property is excluded from the accounts by s.96(2)(a) of the Charities Act 1993. 

No value is placed on movable Church furnishings held by the Churchwardens on special trust from the PCC and which requires a faculty for disposal since the PCC considers this to be inalienable property. All expenditures incurred during the year on consecrated or beneficed buildings and movable church furnishings, whether maintenance or improvement, is written off in expenditure in the Statement of Financial Activities. 

## Investment properties 

Investment properties are held at cost as a professional valuation would incur significant costs which would be onerous compared with the additional benefit gained by the user of the accounts. 

## Investments 

Investments are valued at market value at 31st December. 

## Debtors 

Amounts owing to the PCC at 31st December in respect of fees, rents or other income are shown as debtors less provisions for amounts that may prove uncollectable. 

## Cash at bank and in hand 

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. 

## Creditors and Provisions 

Creditors are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are normally recognised at their settlement amount after allowing for any trade discounts due. 

## Pensions 

Employees of the charity are entitled to join a defined contribution ‘money purchase’ scheme managed by NEST. The Church’s contribution is restricted to the contributions disclosed in note 4. There were no outstanding contributions at the year end. 

## Financial instruments 

The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value with the exception of bank loans which are subsequently measured at amortised cost using the effective interest method. 

Page **18** of **26** 



## **PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WITH ST MARY'S, OLD TOWN SWINDON** 

## **Notes to the Financial Statements for the year ended 31st December 2020** 

## **2 Income and Endowments from:** 

|**2 Income and Endowments fro**|**m:**|||||||
|---|---|---|---|---|---|---|---|
||General|Designated|Restricted||Endowment|Total|Funds|
||Fund|Funds|Funds||Funds|**2020**|2019|
||**£**|**£**|**£**||**£**|**£**|**£**|
|**_2a Donations and Legacies_**||||||||
|Planned giving:||||||||
|Standing Order donations|12,872|-||-|-|**12,872**|17,312|
|Parish Giving Scheme|48,010|-||-|-|**48,010**|46,817|
|Other planned giving (envelopes)|808|-||-|-|**808**|2,885|
|Collections, open plate at all services|2,441|-||-|-|**2,441**|12,642|
|Gift days|846|-||-|-|**846**|1,280|
|Sundry donations|-|-||-|-|**- **|200|
|Donations/appeals etc|10,833|-|2,235||-|**13,068**|18,914|
|Income tax recoverable (inc PGS)|15,873|-||210|-|**16,083**|19,087|
|Legacies|-|-||-|-|**- **|52,465|
|Development & Renewal|-|7,111||-|-|**7,111**|67,571|
|Community Centre grants|-|4,693|1,720||-|**6,413**|15,918|
||**91,683**|**11,803**|**4,165**||**- **|**107,652**|255,091|
|**_2b Church Activities_**||||||||
|Halls lettings|625|29,135||-|-|**29,760**|78,836|
|Fees|5,070|-||-|-|**5,070**|12,805|
|Government Grants:coronavirus job||||||||
|retention scheme grant*|3,185|34,099||-|-|**37,285**|-|
||**8,880**|**63,235**||**- **|**- **|**72,115**|91,641|
|**_2c Investments_**||||||||
|Dividends and interest|2,404|-||-|-|**2,404**|2,536|
|Renewable Energy|4,631|-||-|-|**4,631**|4,812|
|Properties|30,373|-||-|-|**30,373**|27,823|
||**37,409**|**- **||**- **|**- **|**37,409**|35,171|
|**_2d Other Trading Activities_**||||||||
|Fundraising Events|1,879|6,604||-|-|**8,484**|43,057|
|Car Park|14,595|-||-|-|**14,595**|12,931|
|Community Centre Booking Service|-|92||-|-|**92**|1,813|
||**16,474**|**6,696**||**- **|**- **|**23,170**|57,801|
|**_2e Other incoming resources_**||||||||
|Other|-|-||-|-|**- **|-|
||**- **|**- **||**- **|**- **|**- **|-|
|||||||||
|**TOTAL INCOME AND ENDOWMENTS**|**154,446**|**81,734**|**4,165**||**- **|**240,345**|**439,703**|
|**COMPARATIVE PREVIOUS YEAR**|**211,030**|**164,823**|**63,850**||**- **||**439,703**|



*There were no unfilled conditions and other contingencies attached to grants that have been recognised in income, and the charity has not directly benefited from any other form of government assistance. 

Page **19** of **26** 



## **PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WITH ST MARY'S, OLD TOWN SWINDON** 

## **Notes to the Financial Statements for the year ended 31st December 2020 continued** 

|**3**|**EXPENDITURE ON:**|||||||
|---|---|---|---|---|---|---|---|
|||General|Designated|Restricted|Endowment|Total|Funds|
|||Fund|Funds|Funds|Funds|**2020**|2019|
|||**£**|**£**|**£**|**£**<br>|**£**|**£**|
|3a|**_Church Activities_**|||||||
||**Missionary and charitable giving**|||||||
||- missionary societies and overseas|(30)|-|-|-|**-30**|3,807|
||- relief and development agencies|-|-|-|-|**0**|-|
||- home missions and other Church Societies|-|-|-|-|**0**|-|
||- secular charities|314|-|-|-|**314**|-|
||**Sub-total Missionary & charitable**|**284**|**- **|**- **|**- **|**284**|**3,807**|
||Ministry:<br>Parish share (pledged)|85,254|-|-|-|85,254|107,600|
||incumbent expenses|512|-|-|-|512|1,799|
||other clergy costs|1,206|-|-|-|1,206|1,467|
||Church running expenses|13,697|1,115|-|-|14,812|25,863|
||Church maintenance|5,424|-|960|-|6,384|10,410|
||Children & Young People|-|-|-|-|-|212|
||Church Family|-|-|-|-|-|-|
||Mission and Evangelism|20|-|-|-|20|789|
||Community Networks|-|-|-|-|-|-|
||Home Groups|-|-|-|-|-|-|
||Fees paid|1,598|-|-|-|1,598|4,079|
||Office expenses|1,201|-|250|-|1,451|1,684|
||Printing and stationery|2,290|-|-|-|2,290|4,204|
||Property|482|-|-|-|482|1,907|
||Church reordering project|-|12,621|-|-|12,621|374,272|
||Wages and salaries|26,393||-|-|26,393|26,474|
||Independent examination fee|1,669|-|-|-|1,669|1,599|
||**Community Centre**|||||||
||Wages and salaries|-|70,307|-|-|70,307|71,151|
||Maintenance|-|139|-|-|139|4,130|
||Administration|-|-|-|-|-|61|
||Running Costs|-|8,300|-|-|8,300|19,395|
||Depreciation|15,278|-|-|-|15,278|15,278|
||**Sub-total Community Centre**|**15,278**|**78,745**|**- **|**- **|**94,024**|110,016|
||**_Total Church Activities_**|**155,307**|**92,481**|**1,210**|**- **|**248,998**|676,182|
|3b|**_Raising Funds_**|||||||
||Fundraising Events|869|7,070|-|-|7,939|24,675|
||Fundraising (website, stewardship)|216|-|-|-|216|216|
||Property Maintenance|8,333|-|-|-|8,333|905|
||**_Total Raising Funds_**|**9,418**|**7,070**|**- **|**- **|**16,489**|25,795|
|3c|**_Other_**|||||||
||Other expenditure|-|-|-|-|**- **|2|
||**_Total Other_**|**- **|**- **|**- **|**- **|**- **|2|
|||||||||
||**TOTAL EXPENDITURE**|**164,725**|**99,552**|**1,210**|**- **|**265,487**|**701,979**|
||**COMPARATIVE PREVIOUS YEAR**|**224,608**|**413,521**|**63,850**|**- **||**701,979**|



Page **20** of **26** 



## **PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WITH ST MARY'S, OLD TOWN SWINDON** 

|**Notes to the Financial Statements for the year ended 31st December 2020 continued**|**Notes to the Financial Statements for the year ended 31st December 2020 continued**|**Notes to the Financial Statements for the year ended 31st December 2020 continued**|**Notes to the Financial Statements for the year ended 31st December 2020 continued**|**Notes to the Financial Statements for the year ended 31st December 2020 continued**|**Notes to the Financial Statements for the year ended 31st December 2020 continued**|**Notes to the Financial Statements for the year ended 31st December 2020 continued**|
|---|---|---|---|---|---|---|
|||_General_|_Designated_|_Restricted_<br>|_Total Funds_||
|~~**4**~~|**_Staff costs_**|_Fund (£)_|_Funds (£)_|_Funds (£)_|**_2020 (£)_**|_2019 (£)_|
||Wages and salaries|24,642|65,447|-|**90,089**|90,144|
||Employers Pension Costs|973|2,828|-|**3,801**|3,688|
||National Insurance|393|2,031|-|**2,424**|3,282|
||Payroll Administration Costs|385|-|-|**385**|512|
|||26,393|70,307|-|**96,700**|97,625|



During the year the PCC employed a Director of Music, Parish Clerk, Parish Administrator, Community Centre Development Manager, Community Development Worker (on behalf of South Swindon Parish Council) and three Community Centre Cleaners, none of whom earned £60,000 pa or more. 

The holiday year coincides with the PCC financial year, however, no provision is made for carrying over unused holiday to subsequent years, so no accrual needs to be made for this. 

|**5**|**FIXED ASSETS**||||**Freehold land **|**Office equip**|**Total**|
|---|---|---|---|---|---|---|---|
||||||**and buildings **|**fittings**||
|**5a**|**_Tangible fixed assets - all unrestricted_**||||**£**|**£**|**£**|
||**GROSS BOOK VALUE**|At 1st January 2020|||763,914|-|763,914|
|||At 31st|December 2020||763,914|-|763,914|
||**DEPRECIATION**|At 1st January 2020|||91,670|-|91,670|
|||Charge|||15,278|-|15,278|
|||At 31st|December 2020||106,948|-|106,948|
||**NET BOOK VALUE**|At 1st January 2020|||672,244|-|672,244|
|||**At 31st**|**December 2020**||**656,966**|**- **|**656,966**|
|**5b**|**_Investments_**||As at|Interest/Income|Additions /|(Loss) / Gain|As at|
||||01.01.2020||(Disposals)||31.12.2020|
||||**£**|**£**|**£**|**£**|**£**|
||Investment properties||140,754|-|-|-|**140,754**|
||Listed Investments:|||||||
|BDF|Upham Road proceeds||1,028|4|-|-|**1,033**|
|CBF|Fabric Fund||1,573|559|-|-|**2,132**|
|CBF|Maintenance||18,660|-|-|1,283|**19,943**|
|CBF|General 1||34,082|26|(34,000)|-|**108**|
|CBF|General 2||95,063|-|-|9,697|**104,760**|
|COIF|Swindon Church & Poor|Lands|37,638|-|-|2,407|**40,045**|
||Liverpool 3.5% Irred Stock||494|-|-|-|**494**|
||||329,292|589|(34,000)|13,388|**309,268**|



## **Current values.** 

Investment properties comprise two houses in Cricklade Street and a 2/3rd share in a commercial property. The two houses in Cricklade Street are held at cost of £26,087 as a professional valuation would incur significant costs which would be onerous compared with the additional benefit gained by the user of the accounts. A professional valuation was undertaken at 31 December 2005 and estimated the properties to be worth £300,000. Additionally, we have a 2/3rds share in a commercial property, 121 Victoria Rd which is also valued at cost of £114,667. 

Page **21** of **26** 



ANALYSIS OF NET ASSETS
General Designated
Fund
Funds
Restricted
Funds
Endowment
Funds
Total
Funds
Tangible fixed assets
Investment fixed assets
Current assets
Cu￿ent liabilities (Note 81
656,966
265,994
88.192
114.2181
996,934
656,966
309,269
126,500
123,5341
1,069,200
43,275
33,636
17,5991
26.036
4,672
11.7171
2,955
43.275
2019 ANALYSIS OF NET ASSET. General Designated
Fund
Fund5
Restricted
Funds
Endowment
Funds
Total
Funds
Tangible fix ed assets
Investment fixed as5els
Current assets
Current liabilities (Note 81
672,244
252,615
88,882
112.7581
1,000,984
672,244
329,292
140,855
161,4371
1,080,954
33,401
51,131
147,8371
36.695
43,275
842
18421
43.275
Page 22 of 26

## **PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH WITH ST MARY'S, OLD TOWN SWINDON** 

||**Notes to the Financial Statements for the year ended 31st December 2020 continued**|**Notes to the Financial Statements for the year ended 31st December 2020 continued**||
|---|---|---|---|
|~~**7**~~|**DEBTORS**|**2020**|2019|
|||**£**<br>|**£**|
||Income tax recoverable (NB Some Gift Aid already recovered via PGS)|**2,206**|2,200|
||Prepayments|**0**|0|
||Other debtors (Community Centre bookings, FIT & RHI)|**5,982**|9,891|
|||**8,188**|12,091|
|||||
|**8**|**LIABILITIES:AMOUNTS FALLING DUE WITHIN ONE YEAR**|**2020**|2019|
|||**£**<br>|**£**|
||Accruals and deferred income†|**20,107**|15,757|
||Accruals for utilities and other costs|**0**|0|
||Creditors for goods and services|**1,710**|44,838|
||Agency Monies|**1,717**|842|
|||**23,534**|**61,437**|



|**Notes to the Financial Statements for the year ended 31st December 2020 continued**<br>~~**7**~~<br>**DEBTORS**<br>**2020**<br>2019<br>**£**<br>**£**<br>Income tax recoverable (NB Some Gift Aid already recovered via PGS)<br>**2,206**<br>2,200<br>Prepayments<br>**0**<br>0<br>Other debtors (Community Centre bookings, FIT & RHI)<br>**5,982**<br>9,891<br>**8,188**<br>12,091<br>**8**<br>**LIABILITIES:AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>**2020**<br>2019<br>**£**<br>**£**<br>Accruals and deferred income†<br>**20,107**<br>15,757<br>Accruals for utilities and other costs<br>**0**<br>0|**Notes to the Financial Statements for the year ended 31st December 2020 continued**<br>~~**7**~~<br>**DEBTORS**<br>**2020**<br>2019<br>**£**<br>**£**<br>Income tax recoverable (NB Some Gift Aid already recovered via PGS)<br>**2,206**<br>2,200<br>Prepayments<br>**0**<br>0<br>Other debtors (Community Centre bookings, FIT & RHI)<br>**5,982**<br>9,891<br>**8,188**<br>12,091<br>**8**<br>**LIABILITIES:AMOUNTS FALLING DUE WITHIN ONE YEAR**<br>**2020**<br>2019<br>**£**<br>**£**<br>Accruals and deferred income†<br>**20,107**<br>15,757<br>Accruals for utilities and other costs<br>**0**<br>0|
|---|---|
||**8,188**<br>12,091|
||**2020**<br>2019<br>**£**<br>**£**<br>**20,107**<br>15,757<br>**0**<br>0|
|Creditors for goods and services<br>Agency Monies|**1,710**<br>44,838<br>**1,717**<br>842|
||**23,534**<br>**61,437**|
|Page**23**of**26**<br>† Deferred income comprises 2021: car park rent; community centre lettings; floodlight bookings & wedding fees<br>**9**<br>**FUND DETAILS**<br>At 01.01.2020<br>Income<br>Expenditure<br>Transfer<br>Gains/losses At 31.12.2020<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>**£**<br>General<br>1,000,984<br>154,446<br>164,725<br>(7,159)<br>13,388<br>996,934<br>Community Centre<br>Designated<br>35,797<br>74,623<br>86,911<br>(9,000)<br>-<br>14,509<br>Developm't & Renewal Designated<br>(0)<br>14,311<br>47,646<br>43,984<br>-<br>10,649<br>Organ<br>Designated<br>-<br>-<br>-<br>-<br>-<br>-<br>Property & Maint.<br>Designated<br>0<br>(7,200)<br>(35,025)<br>(27,825)<br>-<br>-<br>Bells & Towers<br>Designated<br>899<br>20<br>879<br>SUB-TOTAL<br>Designated<br>36,695<br>81,734<br>99,552<br>7,159<br>-<br>26,036<br>St Mary's<br>Restricted<br>-<br>-<br>-<br>-<br>-<br>-<br>Organ<br>Restricted<br>Property & Maintenanc Restricted<br>4,165<br>1,210<br>2,955<br>SUB-TOTAL<br>Restricted<br>-<br>4,165<br>1,210<br>-<br>-<br>2,955<br>Church & Poor Lands<br>Endowment<br>43,275<br>-<br>-<br>-<br>-<br>43,275<br>SUB-TOTAL<br>Endowment<br>43,275<br>-<br>-<br>-<br>-<br>43,275<br>TOTAL<br>1,080,954<br>240,345<br>265,487<br>0<br>13,388<br>1,069,200<br>**Funds**<br>Community Centre - this designated fund holds money relating to the running of the Community Centre<br>Organ Fund - this designated fund pays for repairs and maintenance of the church organ<br>Property & Maintenance - this designated fund holds money set aside for quinquennial repair works such as roof<br>Church & Poor Lands - income from this endowment fund can be used for church maintenance<br>**Transfers Between Funds**<br>**3 transfers between funds were done during the year:**<br>(3) £16,159 from general fund to D&R fund to fund D&R at Christ Church<br>(1) £9000 from Community Centre fund to General fund as part of annual payback.<br>(2) £27,825 from Property & Maintenance (P&M) fund to Development and Renewal fund (D&R), to zero out the<br>(P&M fund as they were performing the same function<br>Community Centre - this restricted fund holds money relating to donations and grants received for specific<br>activities relating to the Community Centre||



Page **23** of **26** 



2019 FUND DETAILS
A01.01￿19
Intt>m
Expenditurt Transfèr
Gaiislkn&%è: 31.12.2019
General
984,576
211,030
224,608
3,930
26,056 1,000,984
co[r￿l￿ty Centr
Designated
Devek)PTnl & Renewdl Designated
Otyan
Designated
P￿PertY & Mainl.
Designated
BelL% & TowEr
Designated
SUB-TOTAL
Designated
75,422
59,030
102,117
8,737
101.026
160.462
5.799
146.214
20
413.521
140,7171
92.695
5,799
162.6271
919
3.930
35,797
101
1 $4,871
S3,970
899
36.895
289.323
164,823
St Marfs
Restr*ted
Organ
ReSt￿ed
Property & Malntenance Rest￿ed
SUB-TOTAL
Restrkted
36,489
27,361
3,850
36.489
27.361
63.850
Churth & Poor Lands
SUB-TOTAL
EndO￿Tran1
Endo￿nI
43.275
TOTAL
1,317.174
439,703
701.979
26,056 1,080.954
Funds
St Mary's- this reslrided fund contains trK>ney given for develOp￿￿nt and tnaintenance of the St Ma￿S thurth
Cotntwnty Centrp- this desynated fund hokls r￿neY relating to the running of Ihe Comtwnty Centr
Development & Renewal- largety ￿gaCY rrK>ney set asKle for church devek)pment p￿leC1S- buildings and
Organ Fund - this desvJnated fund pays for repair5 and rnaintenance of the churth oryan
Organ fund - IhE restrirte(I fund pays for rep8irs and mainlen8nTr of the church organ from funds bequeathed or gNen
p￿PertY & MainlenanTr- this dfysvJnaled fund hokls [r￿neY sel asKle for quinquennial repairwo￿￿$ such as roof
p￿PertY & Maintenance fund . thi5 rEstr￿ted fund hoWs mney set aside for quinquenn￿1 repairworks such as roof from
Churth & Poor Lands - inco￿￿ from this end0vJr￿nt funtj can be used forchurch maintenan(
Tran5for$ Betsvoen Funds
Throe tran$fors bgtsfoen fvnd5 Wgre done during the year
111 £43,000 was transferred from the Conynunity Centre desunaled fund to the Devek)p￿n1 and Renewal fund to
5UPPOrt the repair work5 on the church. and as part of annual pas￿ack
121 £15,599 was transferred from the general fund to the property & m9intenan￿ fund to 5UPPOrt the rBpair on the
roof and lo zero out that fund folloN*ing Conv￿tKin of the woths
Page 24 of 26

|~~**1**~~**0**|**FURTHER NOTES**<br>**Designated Rest.**|**FURTHER NOTES**<br>**Designated Rest.**|**2020 (£)**|**2019 (£)**|
|---|---|---|---|---|
||**Community Centre &** Lettings/earnings|30,887<br>-|<br>30,887|81,673|
||**Church Lettings**<br>Donations, Grants&Inter|43,736 1,720|45,456|20,383|
||Other|-<br>-|<br>4,066|5,030|
||**Total Income**|**74,623 1,720**|**80,409**|**107,085**|
||Utilities|8,879<br>-|<br>8,879|19,103|
||Household/Maintenance|4,720<br>-|<br>4,720|7,310|
||Salaries|70,307<br>-|<br>70,307|71,212|
||**Total Expenditure**|**83,906**<br>**-**|<br>**83,906**|**97,625**|
||Surplus|(9,282) 1,720|(3,496)|9,461|
||Transfers|(12,288)<br>-|<br>(12,288)|1,030|
||Balances B/F 1st Jan|75,231<br>-|<br>75,231|64,815|
||**Balances C/F 31st Dec**|**53,661 1,720**|**59,448**|**75,305**|
|**11**|**Related Party Transactions**||||
||**Trustee Remuneration**||||
||The trustees do not receive any remuneration from the PCC||||
||**Trustee and Related Party Benefits & Expenses**||||
||No member of the PCC or related party received any benefits or expenses during the||||
||year.||||
||**Trustee Donations**||||
||Total donations of £12,700 were received from trustees. These donations were all given||||
||without conditions.  Trustees also donate via church|plate collections. These amounts|||
||are not recorded separately.||||
|**12**|**Financial Risk Management**||||
||The charity has minimal exposure to customer credit risk, liquidity risk and market risk.||||
||Please refer to the risk management section of the trustees annual||report for information||
||on how risks are managed.||||



Page **25** of **26** 



13 Stst•m•nt ol Flnnnclal tDr th• y•ar •nd•d 31•t D•c•mhr 2019
Gene￿1
Fund
svJnat8d R6slricl8d
Funds
Funds
EndOm￿nt Totsl Fund6
Funds
2019
2018
IPKOMe AND eMDOVthENTS FROII:
t1)nat￿nS and Legac*s
Church Aclivili85
Investrnnts
Other TrBdww Athit*5
Other In￿￿119 tssourt*s
Tol*l in¢#m• and *nthJwThni#
112.541
13.084
3S.171
SO.233
78.899
78.557
63.850
255.091
91,641
35.171
57.801
163.850
97.654
21.885
54.938
2b
2d
2e
7.568
211.030
164.823
63.850
439.703
338.327
ExpeNDITURE ON..
Church Aclivilies
Raising Funds
Other
Totsl •xynthtur•
3.871
20,735
408.461
5.060
63.850
678,182
25.795
408.093
36.045
824
444.962
3b
224,608
413.521
63.850
701.979
N•t g•lnlllo$BI on lThv•Blmenty
NET INCOME I IEXPENDtTUREI
5b
247
1106.3881
12.477
1248.6571
1236.2201
Tran•hr4 ts•￿••n fvnd
NET MOVEMENT IN FUNDS
Rtr¢oTh¢iliation ￿ fur￿¥..
TOTAL FUNDS BROUGHT FORWARD
TOTAL FUNDS CARRIED FORWARD
3.930
{252.6281
16,408
1236.2201 1106.3881
984 576
1.OQIO,984
289 323
3é.695
43.275
43.275
1 317 174
1.080.954
1 423 562
1,317.174
Page 26 of 26