PAROCHIAL CHURCH COUNCIL OF ST MARY THE BLESSED VIRGIN BURLEY IN WHARFEDALE
Index to the 2020 Accounts
Independent Examiner's Report
| Treasurer's Report | |||
|---|---|---|---|
| Page 1 | The Balance Sheet |
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| Page 2 | Note 1 to the Financial Statements - Accounting Policy |
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| Page 3 | Note 2 " |
" | - Incoming Resources |
| Page 4 | & 5 Note 3 " |
" | - Resources Used |
| Page 6 | Notes 4 & 5 " |
" | - Assets |
| Page 7 | Gifts to Mission & Charities |
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| Page 8 | The Budget for 2021 |
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| Page 9 | St Mary’s Parish Centre Accounts |
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| Accounts of Church Organisations | |||
| Page 10 | The Mothers' Union |
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| Page 11 | The Ladies Group |
The Accounts of Church Organisations
TBEASURER'S REPORT ON 2020 ACCO8 throost of our thllch services in the past year having to be held on zoom it is remarkable that our Christian Giving Jjas fallcn by only £ I7 to £ 82235 and so I extend a Iwge th8Dk you to a]1 our wOnderfi parishioDeTs for th¢ii getosIty and loyalty in this most difficult of years..Under Karen's guidance the Patish Giving Scheme h&8 been sucCessY launched and we would urg¢ all paTishT0llS Still using the weekly envelopes or monthly standing orders to switeb over to P G S for it saves much adrollve work 8Dd ellables us to recoup tsx rebat¢ monthly rather than on an anouftl basis. It V48s illevitable that p¢ll Plate- income ll1d fall subst8nti8lly ss VK bave been to atteAd ¢hur¢b services at St Maty5, but we hope to iotrodu¢o decfxonic maknng to supplement r¢¢eipts in the year. There was a fijll ye8r of contributiODS towatds th¢ Ct of an Outreach Wots an4 as M8xie l¢ft part way thmugb. £ 6.766 could be carried foTrvard to tb¢ cuTht year tOW8rds th¢ 5t of I replacement. Withthe Pwish Centr beitig closed 8nd frw Church SeThi¢es itlw beell necessary to take advantsge of the Government Job Retention Scheme formembers of stsff and the Incon Teceived £ 4.461 is sbown in SeLtiou2d Ajso of SAlfiCanCe is the VATIaIMed by Val mainly on the repairto the East Wmdow. Our healthy IncomiDg Resources £ 175.784 wa¢ llwlc possible by a most genemus Life Tune Oifi by Jeyjnifer and Nigel Cotiam settyng all example to us in how we may develop Outreath in Wlwftdale to bring othets into th¢ f]lY of ChrisL ThTDiag to Resources Allocat we were ablfy once agai to pay our Parisb Sllare in fjjll ond tbe nttrtmost Signifiwt cost. Maintenance £ 11266. maitily speth on roof repair& Despite the Parish Centr Deficit of £ 5,868. ov¢raiL w¢ NNtre able to ch8D8Q the deficit of 2019 )t0 a Surp1 of £ 14.650. During the past tYKllty yeats it has Ixen a Ple 8nd apTivllege to serve you in one way or auother in fHlat mattets, but on reacbiog my eightieth year. it is tiTne to staud dowD for a youttger person to Jojjn Spejjcer for pic&ing up th¢ Treasurer's baton at th¢APCM. Finally. I would Jike to tbaDk all the 011 members of our Finance Teattl: Pam, ( Secrekniat) Roger ow Independent Examine4 Karen ( Parisb Giving SthD4) Cbristine ( Monthly Envelopes ) Judith ( Salaries ) and J&son ( Ballkn)
PAROCHIAL CHURCH COUNCIL OF ST MARYTHE BLESSED VIRGIN BURLEY IN WHARFEDALE BALANCE SHEEf AS AT 31 DECEklBER 2020 FIXED ASSErs Tanolb]• Flx•d A¥s9ts 131 131,000 CuThentA6sel8 383.139 375.598 LIABIUnES Amount ¢knwYth on•y••r FUNDS Bank-currènt AcceLmts Bank- D0$it Account tleblorn & Prep3ym*)ts 85,113 147,335 79,483 147,135 And 8lgn8d on118 bthgllty
PAROCHIAL CHURCH COUNCIL OF S. MARY B.V. BURLEY IN WHARFEDALE
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. ACCOUNTING POLICIES
The financial statements have been prepared in accordance with the Church Accounting Regulations 1997 together with applicable accounting standards and the Charities SORP. The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value.
Funds
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.
The accounts include transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.
Incoming resources
Voluntary income and capital sources
Collections are recognised when received by or on behalf of the PCC.
Planned giving receivable under covenant is recognised only when received.
Income tax recoverable on covenants or gift aid donations is recognised when the income is recognised.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due.
Funds raised by the fete, garden party, and similar events are accounted for gross.
Sales of books and magazines from the church bookstall are accounted for gross.
Other ordinary income
Rental income from the letting of church premises is recognised when the rental is due.
Income from investments
Dividends and interest are accounted for when
receivable. Tax recoverable on such income is recognised in the same accounting year.
Gains and losses on investments
Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31 December.
Resources used
Grants
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
Acivities directly relating to the work of the Church
The Diocesan share is accounted for when payable. Any unpaid at 31st December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.
Fixed Assets
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 for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.
Other fixtures, fittings and office equipment
Equipment used within the church premises is depreciated and written off in the year of purchase.
Investments
Investments are valued at market value at 31 December.
Current assets
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible.
Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.
3
PAROCHIAL CHURCH COUNCIL OF ST MARY THE BLESSED VIRGIN BURLEY IN WHARFEDALE
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020
| 2 INCOMING RESOURCES Unrestricted Restricted Funds Funds £ £ 2a Incoming Resources from donors Planned giving: Gift Aid Donations 82,235 - Income Tax recoverable 19,828 - Collections - Open Plate 1,311 - - Occasional 284 - Donations 198 - Legacies - 1,100 Bequests - 1,262 Life time Gifts to Outreach _- 35,000 103,856 37,362 2b Other Voluntary Incoming Resources ______- 2,124 Grants (page7) 2c Income from operating activities to further the council’s objectives Friends of St Mary’s - 2,397 Fees - Baptisms, Weddings and Funerals - 3,632 Donations to Outreach Worker - 10,433 Auction of Promises - 968 Parish Centre Surplus - - _____- 17,430 17,430 2d Income from operating activities to general funds Sales – magazines 1,595 - Sales - magazine advertising 750 - PCC Coffee Mornings - 351 Job Retention Scheme _____- 4,461 2,345 _4,812 2e Income from investments Interest 687 - Rent ___25 - 712 ____- 2f Income to funds VAT Reclaimed 6,969 Church Lounge - Boys Choir - - God’s Acre 174 _- _174 6,969 7,143 2,173 TOTAL INCOMING RESOURCES 107,087 68,697 |
Total 2020 £ 82,235 19,828 1,311 284 198 1,100 1,262 35,000 141,218 2,124 2,397 3,632 10,433 968 _- _21,199 1,595 750 351 _4,461 _7,157 687 _25 __712 6,969 - _174 175,784 |
Funds 2019 £ 84,940 19,600 5,258 582 Sundry 791 20,000 648 _- 131,819 2,218 3,093 7,529 6,700 3,873 4 1,533 940 1,750 - 4,223 1,008 _- 1,008 - 1,210 794 __169 162,640 |
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PAROCHIAL CHURCH COUNCIL OF ST MARY THE BLESSED VIRGIN BURLEY IN WHARFEDALE
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020 (continued)
| 3 RESOURCES ALLOCATED Unrestricted Funds £ 3(a) Grants(page 7) Missions and Charitable Giving:- Church Overseas:- - Missionary Societies - - Relief & Development Agencies - - Home Missions & Church Societies - _ To page 1 3(b) Activities Relating to Work of Church Ministry - Parish Share 90,589 - Clergy 2,429 - Eucharist 689 Church - Outreach - - Heating, Lighting, Water 4,998 - Insurance 2,147 - - Cleaning 3,148 - Maintenance 11,266 - Repair to East Window 441 Choir - Pay 80 - Music etc 536 - Organ Repairs 480 - Director of Music 6,941 Sunday School 253 Employer’s Pensions 489 Funds available for Outreach - Architect’s Fees 4,499 128,985 10,434 139,419 3(c) Church Management & Admin. Parish Centre Deficit - Church Literature 100 Our Vicar 3,943 - 3,943 _4,347_- 4,347 ___- _8,390 5,868 14,258 _2,844 |
Restricted Total Funds Funds 2020 2019 £ £ £ 400 400 500 4,973 4,973 6,056 _2,000 2,000 1,000 _7,373 7,373 7,556 - 90,589 95,594 - 2,429 2,334 - 689 605 3,668 3,668 6,836 - 4,998 7,937 2,147 2,384 - 3,148 2,516 - 11,266 4,801 - 441 43,436 - 80 550 - 536 436 - 480 620 - 6,941 5,982 - 253 203 - 489 - 6,766 6,766 - _- 4,499 ______- 174,234 5,868 5,868 - - 100 124 P.A. to 2,720 Parish Centre Manager |
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PAROCHIAL CHURCH COUNCIL OF ST MARY THE BLESSED VIRGIN BURLEY IN WHARFEDALE
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2020 (continued)
| Unrestricted | Restricted Total | Restricted Total | Restricted Total | Funds | ||
|---|---|---|---|---|---|---|
| Funds | Funds | 2020 | 2019 | |||
| £ |
£ | £ | £ | |||
| 3d | Miscellaneous Expenses | |||||
| Postages | ______- | __-_ | ____- |
_29 | ||
| ______- | _____ | ____ |
__29 | |||
| 3e | Expenditure ex Funds | |||||
| Presentations | (131) | (131) | 352 | |||
| Choir Fund | 179 | - | 179 |
- | ||
| Refreshments | ____36 | _ | - | 36 | 225 | |
| ____84 | ____ | - | __84 |
__577 | ||
| TOTAL | RESOURCES USED | 137,459 | 23,675 | 161,134 | 185,240 | |
| SURPLUS IN YEAR (2019 DEFICIT) | 30,372 | 45,022 | 14,650 | (22,600) | ||
| Balance | 1st January 2020 | 354,709 | 377,309 | |||
| Balance | 31st December 2020 | 369,359 | 354,709 | |||
| Movement | 14,650 | (22,600) |
PAROCHIAL CHURCH COUNCIL OF ST MARY THE BLESSED VIRGIN BURLEY IN WHARFEDALE
GIFTS TO MISSIONS AND CHARITIES 2020
| SOURCE OF GIFTS Bequests Christingle Services Grant 7,373 ALLOCATED TO: Mission Societies Sudan Church Community Relief and Development Agencies Burley/Tereli Friendship Trust Katiyo School Bibles to Schools DEC Cyclone Appeal Christian Aid British Legion Mothers’ Union Church of the Resurrection – Istanbul Pia Lewthwaite Sponsorship Children’s Society Burley Scouts and Guides W. Nepal Disability Trust Burley Community Trust McKenzie Friends Charity World Challenge Expedition Jody Wigfall Coy Charity Bradford Churches Otley Christian Resources Hub Burley Lockdown Relief Home Missions and Church Societies Leeds Diocese Churches Together Inn Churches Christ Church Jesus Shaped People |
5,249 | 2020 2019 £ £ 2,124 1,326 - __892 2,124 2,218PCC 5,338 7,556 400 500 500 250 85 355 133 143 548 56 250 - 892 116 850 - 250 48 80 - 2,000 _- 4,973 6,056 - 200 500 50 250 2,000 1,000 7,373 7,556 |
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400 446 350 432 - - - - 250 45 - - 800 250 400 - - 750 1,000 __250 2,000 - - - - |
MBW Cmrr 8jget[CrY 31° D¢c•niw Christisn Gp4iTrJ Cdkthn5 in Chu IrwmeT8x RtO 37LN) 131Q 19827 79) 79) 31CtsJ PCC Coffaè Mcrfnlr Fees:WeddngwFLmra¥ 351 RwdèrfNJ ofChLwth 2124 2879 FrTrJ• Fund JrJ RetÉnlKJn$ S¢h VAT Redaim 4461 IJ0 175783 195150 EXPENDITURE SI Gr•ing ArtltS Fee5 Dk¢e8Bn ShBrn Cltrgy Expenwi EbarfSt 73n 2428 Church Inrar Chureh Rep8lrs& Renww81 CtsJlr Pav rknthof Mu Oryan ReFdrE •1¢ Sunday schT. Chotr Fund PrkntlwstavPIa989 PAtoourW 2147 3148 11707 32ts) 250 100 1C PrFs8nlÉtluns Church Literalwe Patsh Cntre kar Past& Outreb Worknr EmFAo)*rf PWSK GBrdenw 250 175 12( 400 1500 180779 159439 24781 20519 14371
St Marfs Centre Fhwndal Report.Enknl-y2020 yjjg Income ftoam hlre Op•n Door sa of eards PhotocopWnE 14W.74 4.498.75 14056 21,052.24 15,979.93 762.91 2x26 42.69 3.926.42 116.03 4720 lOL01 66 Expendltsre Insurance W4t•r tes J(ATrtluel anln6 Pl$ Nel 20.715.18 737.04 18149 228.00 2& 78459 30&12 54Q79 157.$0 38&86 1572.44 L341.85 420. 6.733a9 123.89 I97[ 2L048.69 731.50 310.89 914.2B 1838. L57J.OD 280.61 Phon• Phot0p1¢T c05tS CMsurn3blES 704.11 I1.05 1620.94 Srfety•nd M•kntsnw Petty Cash Other 6,429.69 410.01 1057.16 Summary 68A4 27391.61 2L523.17 5W7A3 IS.618A4 17aO Surplus CIF at start ol yr Total Funds at year end EThJ oly b•nk b•knrK• DepositA¢¢ B*n¢e Cash In Hd 2738B.(6 27,391.61 IL839.21 15552.40 Mmtln fty5S zl/uLILI +Or1rydtt lil OLI
10 Burley in Wharfedale Branch Mothers. Unlon Recèlptsand Ptynnts. Year 315t Decemb JJ20 IKom• Subscriptb)Trs128 rnembu5 @ £241 2020 ff12.00 6.00 32.Q) 114.50 $5.63 225.C 140. 17.50 74.53 340.C 70&1KI 1,657.26 Grant from PCC c4Jffee donatlons StrawberryT Cc41ection from Sudan ts Other Xmis Lunch T(¥ial 2020 20 672.00 690.00 60.00 16. Sub5 to 0kJc•se Sudan v1$trIrI tosts conithlon oth¢rTra%l Fknwers X$ lunch Donatbn AFIA Overseas Ilxcludtnq Sudan cojlectfon balance). SummerofHoF Hrwst Fund Dl¢¢we donatloh. Otr Tol•l 339.15 255.C¥) 672m 1.735.15 t)In8 cash lus bank b•bn Incorne durlnB year -.ndItule durfn Surpluslr*flt(t generated Inw•ar En&ofvY•ar Cash lrt hand En&ofvYMr 8•nk B•labX• 6168 140.57 704.0) 1.657.26 672.(Q 1735.15 4117 5151 ts.17 47.51 Branch Trnagjrer ?/L)'JZI MartlN Ru55eM ccrtjnts authorw by Rwatts
THE LADIES GROUP
As a result of Coronavirus there have been no events undertaken by The Ladies Group in the past year and so no accounts are applicable.