| Page | |||
|---|---|---|---|
| Report ofthe Parochial Church Council | 1 | to | 5 |
| Independent Examiner's Report |
|||
| Statement ofFinancial Activities | |||
| Balance Sheet | |||
| Cash Flow Statement | |||
| Notes to the Financial Statements | 10 | to | 19 |
| Detailed Statement ofFinancial Activities | 20 | to | 21 |
| 31.12.20 | 31.12.19 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| fund | fund | funds | funds | |||
| Notes | ||||||
| INCOME AND ENDOWMENTS FROM | ||||||
| Donations and legacies |
184,781 | 1,333 | 186,114 | 391,722 | ||
| Other trading activities | 40,799 | 1,354 | 42,153 | 110,554 | ||
| Investment income |
8,175 | 14 | 8 189 | 8,555 | ||
| Total | 233,755 | 2,701 | 236,456 | 510,831 | ||
| EXPENDITURE ON | ||||||
| Raising funds | 43,721 | 43,721 | 56,425 | |||
| Charitable activities |
||||||
| Church activities | 234,989 | 4,562 | 239,551 | 177,692 | ||
| Other | 1,925 | 1,925 | 1,860 | |||
| Total | 280,635 | 4,562 | 285,197 | 235,977 | ||
| NET INCOME/(EXPENDITURE) | (46,880) | (1,861) | (48,741) | 274,854 | ||
| Net gains on investments | 14,258 | 14,258 | 31,735 | |||
| Transfers between funds | 18 | ~32) | 32 | |||
| NET MOVEMENT IN FUNDS | (32,654) | (1,829) | (34,483) | 306,589 | ||
| RECONCILIATION OF |
FUNDS | |||||
| Total funds brought forward | 856,496 | 1,829 | 858,325 | 551,736 | ||
| TOTAL FUNDS CARRIED FORWARD | 823,842 | 823,842 | 858,325 | |||
| CONTINUING OPERATIONS |
||||||
| All income and expenditure | has arisen from | continuing | activities. |
| 31.12.20 | 31.12.19 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| fund | fund | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 12 | 190,014 | 190,014 | 190,247 | |
| Investments | 13 | 222,282 | 222,282 | 204,053 | |
| 412,296 | 412,296 | 394,300 | |||
| CURRENT ASSETS | |||||
| Stocks | 14 | 22,477 | 22,477 | 18,316 | |
| Debtors | 15 | 13,478 | 13,478 | 1,287 | |
| Investments | 16 | 387,929 | 387,929 | 450,898 | |
| Cash at bank and in hand | 2,467 | 2,467 | 3,701 | ||
| 426,351 | 426,351 | 474,202 | |||
| CREDITORS | |||||
| Amounts falling due within one year |
17 | (14,805) | (14,805) | (10,177) | |
| NET CURRENT ASSETS | 411,546 | 411,546 | 464,025 | ||
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 823,842 | 823,842 | 858,325 | ||
| NET ASSETS | 823,842 | 823,842 | 858 325 | ||
| FUNDS | 18 | ||||
| Unrestricted funds |
823,842 | 856,496 | |||
| Restricted funds | 1,829 | ||||
| TOTAL FUNDS | 823,842 | 858,325 |
| Cash Flow Statement | |||||||
|---|---|---|---|---|---|---|---|
| for | the | ear ended 31December | 2020 | ||||
| 31.12.20 | 31.12.19 | ||||||
| Notes | |||||||
| Cash flows from operating | activities | ||||||
| Cash generated from operations |
20 | ~51,403) | 285,829 | ||||
| Net cash (used in)/provided | by operating | activities | ~51,403) | 285,829 | |||
| Cash flows from investing | activities | ||||||
| Purchase oftangible fixed assets | (8,829) | (1,845) | |||||
| Purchase offixed asset investments | (3,971) | (3,742) | |||||
| Movement in short term investments |
62,969 | ~281,376) | |||||
| Net cash provided by/(used |
in) investing | activities | 50,169 | ~286963) | |||
| Change in cash and cash equivalents | in | ||||||
| the reporting period |
(1,234) | (1,134) | |||||
| Cash and cash equivalents | at the | ||||||
| beginning ofthe reporting | period | 3 701 | 4 835 | ||||
| Cash and cash equivalents | at the end | of | |||||
| the reporting period |
2,467 | 3 701 |
| DONAT | IONS AND |
LEG | ACIES | ||||
|---|---|---|---|---|---|---|---|
| 31.12.20 | 31.12.19 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Planned | giving and collections | 36,756 | 686 | 37,442 | 41,592 | ||
| Donations | 9,311 | 552 | 9,863 | 20,137 | |||
| Gift aid | 9,197 | 95 | 9,292 | 10,732 | |||
| Legacies | 1,000 | 1,000 | 319,261 | ||||
| Grants | 128,517 | 128,517 | |||||
| 184781 | 1,333 | 186,114 | 391,722 | ||||
| Grants received, included | in the above, are as follows: | ||||||
| 31.12.20 | 31.12.19 | ||||||
| HMRC Job retention | scheme | 6,005 | |||||
| Apprenticeship grant |
1,000 | ||||||
| DCMS VAT grant | 9,329 | ||||||
| Small business rates grant | 10,000 | ||||||
| Raymond | Ross grant | 15,000 | |||||
| Crooked | Spire appeal | fund | 42,555 | ||||
| Friends ofChesterfield | Parish Church | 17,500 | |||||
| Cultural | Recovery Fund | 27,128 | |||||
| 128,517 |
| 31.12.20 | 31.12.19 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| f, | |||||||
| Fundraising | events | 12,834 | 12,834 | 2,516 | |||
| Church shop income | 15,127 | 15,127 | 46,021 | ||||
| Saints parish | centre | 5,142 | 5,142 | 18,345 | |||
| Tower visits | 50 | 50 | 6,696 | ||||
| Votive candles | 4,125 | 4,125 | 8,507 | ||||
| Fees and church usage | 3,521 | 1,354 | 4,875 | 14,124 | |||
| Christmas tree |
festival | 14,345 | |||||
| 40,799 | 1,354 | 42,153 | 110,554 | ||||
| 4. | INVESTMENT INCOME | ||||||
| 31.12.20 | 31.12.19 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| Dividends and |
interest | 8,175 | 14 | 8,189 | 8,555 | ||
| 5. | RAISING FUNDS | ||||||
| Other trading | activities | ||||||
| 31.12.20 | 31.12.19 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| f. | |||||||
| Opening stock |
18,316 | 18,316 | 17,909 | ||||
| Purchases | 13,024 | 13,024 | 24,581 | ||||
| Closing stock | (22,477) | (22,477) | (18,316) | ||||
| Staffcosts | 1,067 | 1,067 | 4,801 | ||||
| Parish centre | and shop overheads | 13,859 | 13,859 | 15,498 | |||
| Fundraising | costs | 10,870 | 10,870 | 4,108 | |||
| Christmas tree |
festival | 747 | |||||
| Depreciation | 9,062 | 9,062 | 7,097 | ||||
| 43,721 | 43,721 | 56425 |
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| costs | |||
| Other resources expended | 1,925 | ||
| Support costs, included | in the above, are as follows: | ||
| 31.12.20 | 31.12.19 | ||
| Other | |||
| resources | Total | ||
| expended | activities | ||
| Accountancy | ~1925 | 1,860 |
| 31.12.20 | 31.12.19 | ||||
|---|---|---|---|---|---|
| Wages and | salaries | 51,414 | 60,709 | ||
| Other pension costs | 1,539 | 1,603 | |||
| 52,953 | 62,312 | ||||
| The average | monthly | number ofemployees | during the year was as follows: | ||
| 31.12.20 | 31.12.19 | ||||
| Vergers | 4 | 4 | |||
| St.Leonard's caretaker | 1 | 1 | |||
| Organist and choirmaster |
1 | 1 | |||
| Parish centre cleaner | 1 | 1 | |||
| Apprentice | events assistant | 1 | 1 | ||
| Safeguarding | oQicer | 1 |
| COMPARATIVES FOR THK STATEMENT OF FI | NANCIAL ACTIVITIES | ||
|---|---|---|---|
| Unrestricted | Restricted | Total | |
| fund | fund | funds | |
| f. | f. | ||
| INCOME AND ENDOWMENTS FROM | |||
| Donations and legacies |
390,025 | 1,697 | 391,722 |
| Other trading activities | 107,553 | 3,001 | 110,554 |
| Investment income |
8,530 | 25 | 8,555 |
| Total | 506,108 | 4,723 | 510,831 |
| EXPENDITURE ON | |||
| Raising funds | 56,425 | 56,425 | |
| Charitable activities |
|||
| Church activities | 172,604 | 5,088 | 177,692 |
| Other | 1,860 | 1,860 | |
| Total | 230,889 | 5,088 | 235,977 |
| NKT INCOME/(EXPENDITURE) | 275,219 | (365) | 274,854 |
| Net gains on investments | 31,735 | 31,735 |
| 11. | COMPARATIVES F | ORTHE STATEMENT | OF FINANCIA | L ACTIVITIE | S - continued | |
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| fund | fund | funds | ||||
| NKT MOVEMKNT IN FUNDS | 306,954 | (365) | 306,589 | |||
| RECONCILIATION | OF FUNDS | |||||
| Total funds brought | forward | 549,542 | 2,194 | 551,736 | ||
| TOTAL FUNDS CARRIED FORWARD | 856,496 | 1 829 | 858,325 | |||
| 12. | TANGIBLE FIXED | ASSETS | ||||
| Fixtures | ||||||
| Freehold | and | Computer | ||||
| property | fittings | equipment | Totals | |||
| COST | ||||||
| At 1 January 2020 | 257,052 | 36,076 | 293,128 | |||
| Additions | 7,344 | 1,485 | 8829 | |||
| At 31December 2020 | 257,052 | 43,420 | 1,485 | 301 957 | ||
| DEPRECIATION | ||||||
| At 1 January 2020 | 95,243 | 7,638 | 102,881 | |||
| Charge for year | 4,141 | 4,426 | 495 | 9062 | ||
| At 31December 2020 | 99,384 | 12,064 | 495 | 111,943 | ||
| NET BOOK VALUE | ||||||
| At 31December 2020 | 157,668 | 31,356 | 990 | 190,014 | ||
| At 31December 2019 | 161,809 | 28,438 | 190,247 |
| FIXEDASSETINVESTMENTS | |
|---|---|
| Listed | |
| investments | |
| MARKET VALUE | |
| At 1 January 2020 | 204,053 |
| Additions | 3,971 |
| Revaluations | 14,258 |
| At 31December 2020 | 222,282 |
| NET BOOKVALUE | |
| At 31December 2020 | 222 282 |
| At 31December 2019 | 204,053 |
| 14. | STOCKS | ||||||
| 31.12.20 | 31.12.19 | ||||||
| Stocks | 22,477 | 18,316 | |||||
| 15. | DEBTORS: | AMOUNTS FALLING DUE WITHIN ONK YEAR | |||||
| 31.12.20 | 31.12.19 | ||||||
| Other debtors | 9,327 | 353 | |||||
| Gift aid tax recoverable | 692 | 934 | |||||
| VAT | 3,459 | ||||||
| 13,478 | 1,287 | ||||||
| 16. | CURRENT ASSETINVESTMKNTS | ||||||
| 31.12.20 | 31.12.19 | ||||||
| Short term deposits | 387,929 | 450,898 | |||||
| 17. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||
| 31.12.20 | 31.12.19 | ||||||
| Trade creditors | 42 | ||||||
| Social security and other taxes | 224 | ||||||
| VAT | 1,931 | ||||||
| Accrued expenses | 14,805 | 7,980 | |||||
| 14,805 | 10,177 | ||||||
| 18. | MOVEMKNT IN FUNDS | ||||||
| Net | Transfers | ||||||
| movement | between | At | |||||
| At 1.1.20 | in | funds | funds | 31.12.20 | |||
| E | |||||||
| Unrestricted | funds | ||||||
| General fund | 856,496 | (32,622) | (32) | 823,842 | |||
| Restricted funds | |||||||
| St.Leonard's | Mission Church | 1,829 | (1,861) | 32 | |||
| TOTAL FUNDS | 858,325 | (34,483) | 823,842 |
| Incoming | Resources | Gains and | Movement | |||
|---|---|---|---|---|---|---|
| resources | expended | losses | in funds | |||
| Unrestricted | funds | |||||
| General fund | 233,755 | {280,635) | 14,258 | (32,622) | ||
| Restricted funds | ||||||
| St.Leonard's | Mission Church | 2,701 | (4,562) | (1,861) | ||
| TOTAL FUNDS | 236,456 | f285,197) | 14,258 | ~34,483) | ||
| Comparatives | for movement | in funds | ||||
| Net | ||||||
| movement | At | |||||
| At 1.1.19 | in funds | 31.12.19 | ||||
| f, | ||||||
| Unrestricted | funds | |||||
| General fund | 549,542 | 306,954 | 856,496 | |||
| Restricted funds | ||||||
| St.Leonard's | Mission Church | 2,194 | (365) | 1,829 | ||
| TOTAL FUNDS | 551,736 | 306,589 | 858,325 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| General fund | 506,108 | (230,889) | 31,735 | 306,954 | |
| Restricted funds | |||||
| St.Leonard's | Mission Church | 4,723 | (5,088) | (365) | |
| TOTAL FUNDS | 510,831 | (235,977) | 31,735 | 306,589 |
| Net | Transfers | ||||
|---|---|---|---|---|---|
| movement | between | At | |||
| At 1.1.19 | in funds | funds | 31.12.20 | ||
| f. | |||||
| Unrestricted | funds | ||||
| General fund | 549,542 | 274,332 | (32) | 823,842 | |
| Restricted funds | |||||
| St.Leonard's | Mission Church | 2,194 | (2,226) | 32 | |
| TOTAL FUNDS | 551,736 | 272,106 | 823,842 |
| Incoming | Resources | Gains and | Movement | ||
|---|---|---|---|---|---|
| resources | expended | losses | in funds | ||
| Unrestricted | funds | ||||
| General fund | 739,863 | (511,524) | 45,993 | 274,332 | |
| Restricted funds | |||||
| St.Leonard's | Mission Church | 7,424 | (9,650) | (2,226) | |
| TOTAL FUNDS | 747,287 | f521,174) | 45,993 | 272,106 |
| RECONCILIATION OFN ACTIVITIES |
ET MOVEME | NT IN FUNDS TO NET CASH | FLOW FROM O |
PERATING |
|---|---|---|---|---|
| 31.12.20 | 31.12,19 | |||
| Net movement in funds for |
the reporting | period (as per the Statement | ||
| ofFinancial Activities) | (34,483) | 306,589 | ||
| Adjustments for: |
||||
| Depreciation charges |
9,062 | 7,097 | ||
| Gain on investments | (14,258) | (31,735) | ||
| Movement in Gift Aid tax recoverable |
242 | (138) | ||
| Increase in stocks | (4,161) | (407) | ||
| (increase)/decrease in debtors |
(12,433) | 2,684 | ||
| Increase in creditors | 4,628 | 1,739 | ||
| Net cash (used in)/provided | by operations | ~31,403) | 283 829 |
| ANALYSIS OF | CHANGES IN NET FUND | S | ||
|---|---|---|---|---|
| At 1.1.20 | Cash flow | At 31.12.20 | ||
| Net cash | ||||
| Cash at bank and | in hand | 3701 | ~1234) | 2,467 |
| 3701 | ~1234) | 2,467 | ||
| Liquid resources | ||||
| Deposits included | in cash | |||
| Current asset investments | 450,898 | $62,969) | 387,929 | |
| 450,898 | ~62,969) | 387,929 | ||
| Total | 454,599 | ~64203) | 390,396 |
| Detailed Statement ofFinancial Activities | Detailed Statement ofFinancial Activities | |||
|---|---|---|---|---|
| for the | ear ended 31December 2020 | |||
| 31.12.20 | 31.12.19 | |||
| INCOME AND ENDOWMENTS | ||||
| Donations and legacies |
||||
| Planned giving and collections |
37,442 | 41,592 | ||
| Donations | 9,863 | 20,137 | ||
| Gift aid | 9,292 | 10,732 | ||
| Legacies | 1,000 | 319,261 | ||
| Grants | 128,517 | |||
| 186,114 | 391,722 | |||
| Other trading activities |
||||
| Fundraising events |
12,834 | 2,516 | ||
| Church shop income | 15,127 | 46,021 | ||
| Saints parish centre | 5,142 | 18,345 | ||
| Tower visits | 50 | 6,696 | ||
| Votive candles | 4,125 | 8,507 | ||
| Fees and church usage | 4,875 | 14,124 | ||
| Christmas tree festival |
14,345 | |||
| 42,153 | 110,554 | |||
| Investment income |
||||
| Dividends and interest |
8,189 | 8,555 | ||
| Total incoming resources |
236,456 | 510,831 | ||
| EXPENDITURE | ||||
| Other trading activities | ||||
| Opening stock | 18,316 | 17,909 | ||
| Purchases | 13,024 | 24,581 | ||
| Wages | 1,067 | 4,801 | ||
| Parish centre and shop overheads | 13,859 | 15,498 | ||
| Fundraising costs |
10,870 | 4,108 | ||
| Christmas tree festival |
747 | |||
| Depreciation offreehold property | 4,141 | 4,141 | ||
| Fixtures and fittings | 4,426 | 2,956 | ||
| Computer equipment |
495 | |||
| Closing stock | ~22,477) | ~18,316) | ||
| 43,721 | 56,425 | |||
| Charitable activities |
||||
| Wages | 50,347 | 55,908 | ||
| Pensions | 1,539 | 1,603 | ||
| Diocesan parish share | 54,761 | 48,951 | ||
| Other ministry costs |
1,568 | 2,541 | ||
| Carried forward | 108,215 | 109,003 |
| St.Mar and All Saints Parish Church Chesterfield |
St.Mar and All Saints Parish Church Chesterfield |
|||
|---|---|---|---|---|
| Detailed Statement ofFinancial Activities | ||||
| for the | ear ended 31December 2020 | |||
| 31.12.20 | 31.12.19 | |||
| Charitable activities |
||||
| Brought forward | 108,215 | 109,003 | ||
| Church maintenance | 101,492 | 32,506 | ||
| Church running expenses |
19,151 | 20,731 | ||
| Upkeep ofservices | 3,055 | 8,188 | ||
| Office administration | 3,457 | 2,571 | ||
| Irrecoverable VAT |
3,899 | 3,300 | ||
| Missionary giving |
282 | 1,393 | ||
| 239,551 | 177,692 | |||
| Support costs | ||||
| Governance costs |
||||
| Accountancy | 1 925 | 1,860 | ||
| Total resources expended | 285,197 | 235,977 | ||
| Net (expenditure)/income | ~48,741) | 274,854 |