Charity registration number.. 1134214 PCC Chilwcll Annual R¢port and Financial Statements for the Year Ended 31 December 2020 Community Accounting Plus Unit 1&2 Northwest 41 Talbot Street Nottinghatn NGI 5GL
PCC Chilwell Contents Reference and Adrninistrative Details Tnjstees, Report 2to4 Statement of Trustees, Responsibilities ltsdependent Examinels Report Statement of Financial Aetivities 7t08 Balanc¢ Sheet Notes to the Financial Statements IOto20
PCC Chilwell Reference and Administrative Details Prin¢ipAI Offi¢¢ 6 College Road Bec5ton Nottingham Nottinghatnshire NG9 4AS Charlty Reglstratlon Number 1134214 Independent Exarniner John OFrien. employee of Community Accounting Plus Unit 1&2 Northwest 41 Talbot Street Nottingham NGI SGL Page I
PCC Chilwell Trustees, Report The trustees present the annual report together with the financial statements of th¢ charity for the year ended 31 Dcccmber 2020. I'rustees R¢v Andy Tufnell. Chair Mr Stephen ScotL Church Warden Mrs Anne Willmot, Church Warden Mrs Penelop¢ Wallace Mr Chris Brignell, PCC Secretary Mrs Ruth Price Mr% T)awn r.l#rkp. Mr Tim Hills Mrs Janis Patterson Mrs Judith Renton Mrs Chris Roseblade Mr Colin Slater Mr Simon Britton Mrts Katrina Thomas Mrs Dawn Pringle (appointed 14 October 2020) Mr Will Ottewell (appointed 14 October 2020) Mrs Marion MacDonald (appointed 14 October 2020) Dr Rebekah Redwood (appointed 14 October 2020) Mr Guy Gi]libnd (appointed 14 October 2020} Mr Roger Lee {appointed 14 Octob¢r 20201 Mr Robert Dixon (appointed 14 October 2020) Mrs D¢borah Onions {appointed 14 October 2020) Mr Gary St¢phen8on {resigned 13 October 2020) Miss Helen Mather (resigned 13 October 2020) Mr Clint Redwood (resigned 13 October 2020) Mr Ryan Mellor (resigned 9 September 2020) Objectives xnd 8ctivities Objects and aims The objects of the Charity 3r¢: to advance th¢ Christian faith and to promote in the parssh of Chilwell the whole mi8sion of the church. The trustees must use the incorne, and Tnay llse the capit81, of the Charity in promoting these objects. Page 2
PCC Chilwell Trusteesl Report Objective5. strategie5 And actlvRties Activities are organised from one or other of the two Churth of England places of worship in the parish, Christ ChurLh (In HiBh Road and St Barnabas on tnham Road. The Chprity holds regular services of Christian worship. carries out various activities and events for young people, older peopl¢ (including some in residential care), parents and children, and people with pastordl and social needs. Services, events and activities are open to any person in the community, wheth¢r or not they are regular worshipping members of Christ Church or St Bartwbas. Public b¢n¢fit All services and events ar¢ open to members of the pllbli¢ and are mostly free of ¢hgrge at the point of delivery. Where eventq are ch2rgcd kt e.n%t thiq iq AAvprtised in publicity msterial. A community outreach project has been started in tnham Nook to provide support to all memb¢rs of the community. The tNstees confirm that they have cOPIled with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the CharAty Commission for England and Wales. Achievements and performance The Charity aims to minister to social and spirittial needs. The Coronavirus pand¢mic has providcd challenges and opportunities foi the Charity to rise to. Although in person wotship has been limited, ther¢ have been a larg¢ lall8e of alitlIliilivr uppurlut2itj¥b Iv ¢ng<tge with rhc communlry {online reKorded and live strcomed services, video conferencing small groups, recorded children's events, socially distsnced ser¥i¢es when allowed, various "to the door" events around the parish). There has been Oevelopment of the Food Bank at St Barnabas which has seen the start of outreach programmes, including Breakfast boxes to support those in need during the pandemic, and after school events when allowed to engage and support the local community and local schools. The church has b¢¢n involved with a number of local schools, providing support and materials tts support learning. In addition to its work in the parish of Chilwell the Charity also provides financial and other support to a number of individuals and organisations. These are approved by the irustecs from time to time, and the churches receive information to enable support and prayer. A more detailed description of achievements in the rcporting period is provided in the parish AnThual Review which is presented to the annllal church meetings, and copies are available on rcquest to the parish office. Financlxl reviesv The Charity income was £18,788 less than expendire in 2020 and net current assets werc £113,336 at the year tnd. This is not siirptising with loss of lettings income due to Coronavirus related lockdowns. Policy on tt5erves The majority of receipts are monthly, then quarterly (eg gift aid claims}. We therefore need between l and 3 months, reserves. The reseFves at the year end are within this target. Major rlsks und management tsfth05e risks All individual giving is volwitary and ca]wot be relied on indefinitely. We review regular giving quarterly and atlliually. The ollgoing effects of the Coronavirus pandemic pr¢s¢nt a risk for the corning financial year. Page 3
PCC Chilwell Trustees, Report Structure? goyernanee and management JVaÈurg ofgowErKiAg dOeMeI The Charity is controlled by the Parochial Church Council Powers Me&sure (1956) as amended and Church Representation Rules, and constitutes an unincorporated charity. Tnjstees are ex officio and ¢Ited members of the Parochial Church Council {'?CC'). Organisalionalslrtseture New elccted meinbers are appointed at each Annual General Meeting for a temi of three years, and in-line with the size of our Electoral Roll, up to IS elected members can be appointed. Each y¢ar, at l¢ast thc number nearest to orttrthird of the elected place8 {i.e. 5) must be r81inquiBhed each yesr for re-election, with th¢ e4rlie6t members standing down as necessary. St Barnabas has sorne attributes of a conventional "district" (whereby pastoral ov¢rsight is split within the parish). St Bamabas has a part-time self supporting minister as well as being served by the Jncumbent and other mioisterts within the farish. St Darnabas has a church council. the m¢mb¢rts of which are el¢¢t¢d at an antLual meeting, and members of the PCC attend ]neetings. Metnbers of St Batnabas are attive PCC tberS as there is a parish electoral roll. Finances are managed across the parish, with funds separated for St B2rnabas, and combined on the Charity Accounts. Page 4
PCC Chilwell Statement of Trustees, Responsibilities The tNstees are responsible for preparing th¢ trnstees. report and the financial stat£entS in accordance with the United Kingdom Accounting Standard$ (United Kingdom GeneTally Acc¢ptcd Accounting Praeti¢¢) and appli¢able law and regulations. The law upplicable to charities rcquires the trllst¢C8 to prepar¢ financial statements for ¢ach financial year which give a twe and fair view of the state of affaErs of the charity and of the incoming resources and application of iesources of tho chlty for that period. In preparing these financial ststements. the trustees are required to.. s¢le¢t suitable a¢¢ounting policies a[ then apply them consistently- ub¥ttve the methods and prin¢iples in the Charitie5 SUIiV' make judgements and estimates that ar¢ reasonable and prudent. stAte whether applicable accounting standards have been followed. subject to any materiAI departures di5¢1osed and explained in the financial statements. and prepare the financiul ststements on the going concern basis unless it is inappropriat¢ to presume that the charity will continue in business. The trustees are rcspoDSible for keeping proper accounting rectsrds that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial siatemcnts comply with the Charitic3 Act 2011, avvliiablL Chdrities (AccounTS and Reponsj Regulations, and the provisions of the constitution. The tNsiees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prentIOn and detection of fraud alld other itregularities. Approved by the trnstees of the charlty on ...... Sied on its behalf by.. liev Andy T Trustee P4w5
PCC Chilwell Independent Examinerls Report to the trustees of PCC Chilwell IDdependent examiner's report to the trllstees of PCC Chllweu I report to the trustees on n3y examination of the countS of PCC Chilwell (the Chwityl for the year ended 31 December 2020. Responsibilities and basls of report As the trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 Cthe Act,). I report in respect of rny examination of the Charity's a¢¢ounts ¢arried out und¢r section 145 of the 2011 Act and in carrying out my exainination I have followed all the applicable directions given by the Charity Commission under section 145{5)(b) of the Act. Independent examiner's statement Since the Charity's gross income exceeded £250,(K)O your ex8Jniner must be a member of a body listed in section 145 of Ihe 2011 Aci. I cont]rni Thal l am quallfled 10 undertake the examination because l aln a member and Fellow of the Association of Charity Ind¢p¢ndent Examiners, which is one of the listed bodies. I have Complet my examination. I confirm that no matters have come to my attention in connection with th¢ examination giving me cause to believe that in any material respect.. accoiintln8 rordS were. nt)t Icept in rpqppr.t nf thp. r.hArity reqiiireil hy *ettir)n 110 (bf the Act.. nr 2. the accounts do not accord with those records. or 3. the accounts do not comply with the accounting requirements eoneeming the fom and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the 2r.rniint% Ve. A 'tnic and view whith i% not & matter considered Dart af an independent examination. I hav¢ no conccrns and hav¢ cotne 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. John 'Brien Msc, FLLA, FCIE, employee of Con]munity Aecounting Plus Fellow of the Association of Charity Independent Examiners Unit 1&2 Northwest 41 Talbot Street Nottingham NGI 5GL Date.. 1610412021 Page 6
PCC Chilwell Statement of Financial Activities for the Year Ended 31 December 2020 Unrestricted fuRds Restrleted fund$ Total 2020 Tot81 2019 Note Income &Dd Endowments from: DonatlOIlS 2nd legacies Charitable activities Other trading activities Investtn¢nt income 268,989 331 15,301 144 959 1,420 269,948 1,751 15,301 307,995 1,165 31,785 209 Total Income 284,765 2,379 287,144 341,154 ExpeDdiÉure Dn: Charitable activities 301.656 {4,276) (3aS,912) (IGQ 780) Total Expenditur¢ 301,656) 4,276 (305,932 309,780 Net movement in fund5 (16,891) (1,897) (18,788) 31,374 Reconciliation of funds Total fifftds brought fonvard 596,955 5,854 602,809 571,435 TotAI fvnds carried forward 14 580,064 3,957 584,021 602,809 Ail ofthe charity's activities derive from continuing operdtions during the above h¥0 periods. The fullds br¢akdowi for the period is shown in note 14. PAg¢ 7
PCC Chilwell Statement of Ffinanclal Aetfivlties for the Year Ended 31 December 2020 These are the figures for the previous ACCOUDdng period 2nd are ineluded for comparative PUTposes Unrestrleted Re$tri¢ted Total fund5 funds 2019 Note Income and Endowments from: Donations and legacies Ch8ritable activitics Other trading activities Inv¢stm¢nt income 296,895 100 31,785 209 ii,ioo 1,065 307,995 1,165 31,785 209 Total Income 328,989 12,165 341,154 ChaT2tabl¢ activitie5 302,905 (6,875 (309.780 Total Expenditure (302,905 6,875 309.780 Net movement in funds 26.084 5.290 11.374 RecoDciliatioD of funds Totpl fund5 brought forward 570,871 564 571,435 Total funds carried forward 14 596.955 5.854 602.809 Page 8
PCC Chilwell (Registration number: 1134214) Balanee Sheet as at 31 December 2020 2020 2019 Note Fixed assets Tangible assets 10 470,685 470,684 Current assets DebtorÈ Cash at bank and in hand 10.310 106,269 11.331 125,548 136,879 116,579 Creditor5: Anwunts falling due wlthin one year Net current assets 12 {3.243 4.754 113,336 132.125 Net as$et5 584,021 602,809 Fund5 of the charity: Restricted funds 3,957 5,854 Unrestricted Ineonke fund$ Unrestricted funds 580,064 584,021 596,955 Total funds 14 602,809 The financial statements on pag¢s 7 to 20 were approved by the trnstees, and authtsrised for issue on .i?I&.¢.Iièxknd sign¢d on their behalf by.. Mr Will Ottewell 'I'rustee Page 9
PCC Chilwell Notes to the Flnancial Statements for the Year Ended 31 December 2020 l Accountlng polleSes St4tement of compllance The financial statements have been prepared in accordance with Accounting and Reporting by Charities.. Statement of R¢comtn¢nded Practice applicable to charities preparing their accounts in accordance with the Finaneial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effeetive l January 2015) - (Charities SOBTr (FRS 102)), the Financial Reporting Stsndard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011. Basis of preparatio YLL Lhilwell meets the detinitson tst" 2 public benetit entity under TrRS 102. Assets and liabilities are initially recognis¢d at historical cost or trdnsaction value unless othenvise stated in th¢ r¢l¢vant aOUnting policy notes. Exemptlon from preparing a cash flow statenient The charity opicd 10 adopi Bulleiln I publlshed on 2 February 2016 and have th¢r¢fore not i]uded a cash flow statement in these financial statements. Going concern Ttxt financial 5tat¢nicnts havc prcpaicd a goiiig colirI1 basis. The tswtees assess whether the use of gosng concern 18 appropriate i.¢. whether there are any material uncertaintie5 related to ¢v¢nts or Conditions that may cast significant doubt on the abiliry of the charity to continue as a going concem. The tNstees make this assessmeni it) respect of a period of one year from the date of approval of the financial staiemenis. Changes In accountlng polley The fixed assets of land and buildings policy has changed from the insured value to the earliest available record for valuation on the balance sheet. Ineome and endowments Voluntary income including donations, gifts, legacies and grants that provide core fvnding or are of a generdl nature is r¢¢ognised when the ¢h3rity h&8 entitlement to the income, it is probable that the in¢ome will be received and the amount can be measured with sufficient reliability. Donttilorts 4nd legttci Donations and legacies are reco]Sed on a receivable basis when receipt is probable and the amount can be reliably measured. Granis reeeivable Grants are re¢ognised when the charity has an entitleinent to the fi]nds and any conditions linked to the grants have beett met. ivhere performance conditions are attached to the 8rant and are yet to be met. the ineome is recognised as a liability and included on the balan¢¢ sheet defrrred in¢ome to be released. Page 10
PCC Chilwell Notes to the Financial Statements for the Year Ended 31 December 2020 Expenditure All expcnditur¢ is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlernent is requircd and the amount can be measured reliably. All costs are 2llocat¢d to the applicable expenditure hcading thai aggregates similar Costs to that category. Where Costs cannot be directly attributed to particular headings they have bcen allocated on a basis consistent with the use of resources, with cet]tral staff costs allocated on the basis of time spenL and depreciation charges allocated on the portion of the ass¢t's use. Oth¢r support costs are allocated bas¢d on the spread of staff costs. Chan'tdble Uctiviiies Charitable expcndIre comprises those costs incurred by th¢ Charity in the delivery of it$ activities and services for its benefi¢iarics. It includes both costs that can be allocated directly to such activities and those costs of an indirect nAttire nee..%ry tn siipport them. Grrtntproviyions Provisstsns for grants are made when the inteiition to make a grant has been communicated to the reeipÈent but ther¢ is uncertainty about either the timing of the grant or the amount (If grant payable. Governtnent grants Govemment grants ar¢ recognised based on the accrual niodel and are measured at the fair value of the asset received or wceivable. Grants are classified as relating either to revenue or to asscts. Grants relating to revenue arc rccogniscd iii ijiwjiit ov¢& tILr y¢iiud iIi wFIiLli r¥l¢il¢d cvs15 are recognised. Granis relailng 10 assets are reeognis¢d over the expected useful life of the asset Where part of a grant relating to an a&%et is def¢rTc& it IS recognised 8s deferred income. Taxation The charity is considered to pass the tests set out in Paragraph I Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK cutporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within Catcgories covered by Chapter 3 Part I l ot the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to thc cxtcnt that such income or gains are applied exclusively to ¢lwitabl¢ putpuses. Tanglble fixed a5set5 Christ Church Chureh Hall is included in the Balance Sheet as a Fixed Asset. No provi8ion is made for depreciation. The vglue asctibed to the Church Hall is the earliest availabl¢ record value of £470,684. Trade debtors Trade debtors ar¢ amounts due from customers for merchandise sold or s¢rvic¢s perfomed in the ordinary course of businc8S. Trade debtors are recognised initially at th¢ transaction price. They are subsequently n)easured At amortised cost using the effective interest method, less provision for impaitrnent. A provision for the impaErnicnt of debtors is established when there is obj¢ctive evidence that the clwity will not be able to collect all amounts due Areording to the original terms of the receivables. Cash and c85h equivalents Cash and cash equivalents comprise eash on hand and call deposits, and other short-term highly liquid investm¢nts that are r¢adily convertibl¢ to a known amtsunt of cash and are %uhject tts xn insignifir.Ant Tisk of change in valu Page 11
PCC Chilwell Notes to the Financial Statements for the Year Ended 31 December 2020 Trade credltors Trade Creditors are obligations to pay for goods or services that hav¢ been acquir in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the charity does not have an unconditional right. at the end of the reporting period, to defer settlcmcnt of the creditor for at least twelve months after the reporting date. If therc 1$ an wjconditional right to defer settlement for at least twelve months after th¢ r¢porting date, they are presented as non-current liabilities. Trade creditors are recognised initially at the trattsaction price and 5ub5¢quently measured at amortised cost using the effective interest meth4xI. Fund structure Unrestricted income tiinds are general Mnds that are available for use at the trusiees, diseretion in rterance of the objectives of the Charity. Designated fimds are unrestricted a[ resour¢es set asid¢ for sp¢cific purposes at the discretion of the trnslees. Restricted income timd5 are those donated tor use in a particular area or tor specitic purposes, the use olwhich 18 restricted to that area or purpose. Penslons and other post retirement obligation5 The charlry operares a defined benefii pension scheme for employees. The assers of the scheme ar¢ held separately from those of th¢ charity. Pcnsion Costs charges in the Statement of Financial Activities represent the contributions payable by the charity during the year. 2 Ineome from donations and legacies Unrestricted funds Restricted funds Total 20211 Total 2019 General Donations and legacies- Donations from individuals Legacies Gift aid reclaimed Grants, including capital grants. Government grants 217,977 914 218,891 241,962 20,000 46,033 46,049 45 46,094 4,963 4,963 269.948 268,989 959 307,995 Pag¢ 12
PCC Chilwell Notes to the Financial Statements for the Year Ended 31 December 2020 J Income from Charitable activities Unrestrfieted funds RestTlCted funds Total 2020 Total 2019 General Sundry 331 1,420 1,751 1,751 4 Inco¢ from other tradlng actitieS Unrestricted funds Total 2020 Total 2019 General Property rental income 15,301 15,301 31,785 31,785 15,301 15.301 S Invcs*mcnt Income UDrestricted funds Total 2020 Total 2019 General Inter¢st receivable and similar income- Interest receivable on bank deposits 144 144 209 Page 13
PCC Chilwell Notes to the Financial Statements for the Year Ended 31 Deeember 2020 6 Expenditure on charitable activltles Unrestrleted fllnds Restricted funds Total 2020 Tot41 2019 General Ouhvard giving parSh share Ministry Recruitment Staff costs Expenses Running costs Utilities Major works Hall costs Pla¢ements 27,310 144,204 8,222 250 81,378 2.466 24,182 6.759 27,310 144,204 12,474 250 81,378 2.466 24206 6.759 31.188 148,116 16,534 327 58,754 3.143 30.465 6.660 5,509 7,684 1,400 4,252 24 6,885 6,885 301,656 4,276 305,932 309,780 7 Trustees remuneratlon and expenses During the ycar the charity made the following transactions with trusttts.. Mr5 Katrina Thomas Mrs Katrina Thomas received remuneration of £26.520 (2019.. £26,000) and £126 (2019.. £213) of expenseg were reimbursed to Mrs Katrina Thomas during the year. No rrnstees have received any other benefits from the charity during the year. 8 Stsff costs The awegate payroll costs were follows.. 2020 2019 Staff eost$ during the year Tvere: Wages And salarics Social security costs Pcnsion Costs 77,176 1,600 2,602 56,818 162 1,774 81,378 58.754 The monthly average number of persons (including senior management team) employed by the charity during the year was as follows: 2020 2019 Average number of people employed. Page 14
PCC Chilwell Notes to the Flnancial Statements for the Year Ended 31 December 2020 4 {2019 - 4) of the abovc cmploy¢¢s participated in thc Defjned Benefit Pension S¢h¢mes. Contributions to the employee pension schetnes for the year toialled £2.602 (2019- £1,774). No employee received emoluments of more than £60,000 during the year 9 Taxation The charity is a regi5ter¢d charity and is therefore ¢xempt from taxation. 10 Tangible fjxed assets Land and buildlng$ Total Cost At l January 2020 470,685 470,685 At 31 December 2020 470.685 470,085 Depreciatlon At 31 D¢c¢mber 2020 Tr4et book v8lue At 31 Deeember 2020 470,685 470,685 At 31 December 2019 470,685 470,685 11 DebtOT8 2020 2019 Trad¢ d¢btors Other debtors 349 10,982 10,310 10,310 11.331 12 Credltors: amounts falling due within one year 2020 2019 Trade creditors Other taxation and social security Other creditors 852 1,461 930 2.589 2.165 3,243 4.754 Pag¢ 15
PCC Chilwell Notes to the FlnancAal Statements for the Year Ended 31 December 2020 13 Pension #Dd other Schetnes Defined benefit penslon schemes Defined benefit pension schemes Chilw¢ll PCC B 2014) participates in the Pension Builder Scheme section of CWPF for lay staff. The S¢hem¢ is adininistered by the Church of England Pensions Board, which holds the asseis of the schemes separately from those of the Employer and the other participating employers. The Church Workers Pension Fund has a section as the Defjncd Benefits ScheEne, a deferred annuity section known as Pension Build¢r Classi¢ and a cash balanr¢ 5¢Ction as Pension Builder 2014. Pp.nqinn RiiilAer qr.hp.mp. The Pension Builder Scheme of the Church Workers Pension Fund is made up of ttvo sections. Pension Builder Classic and Pensson Builder 2014, both of which are classed as defined benefit sehernes. Pension Builder Cla.%sic provides a pension for m¢mbers for payment from retirement, accumulatcd from contributions paid and converted into a deferred annuity during employment based oft tems set and reviewed by the Church of England Pensions Board from tirne to time. Bonuses may a]$0 be declared. depending upon the investment returns and other factors. Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use to provide benefits at Tetireinent. Pension contributions aTe Tecorded in an account for each Tneinber. This Bccount may have bonuses added by th¢ Board before retirement. The bonuses depend on investment exp¢rienc¢ and othcr factor$. Thcrc 1$ no rcquircrncnt for thc Board to grant any bonusc3. Thc accounty plu3 any bonuscs declared, is payable from members, Normal Pension Age. TheFe is no sub-division of assets between eploYeEs in each section of the Pension Builder Scheme. The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme's assets and liabilities to specific employeES and that contiibutions are accounted for <ts if the SLhetne were a defined cot]ttibution scheme. The pensions costs charged to the SOFA in the ycgr are contributions payable {2020.. £2,602, 2019.. £1,774). A valuation of the scheme is carried out once every three years. Thc most reecnt schcme valuation completed was carried out as at 31 December 2019. This revealed, on the ongoing assumptions llsed, a surplus of £0.5m. There is no requirement for deficit payments at the Quent time. Pension Builder 2014 will be valued in relation to the lutnp sum payable to members at nom)al pension age. There are no annual pension benefits. Pension Builder 2014 commenced in February 2014 so the next full valuation of that section will be carried out at th¢ next CWPF valuation date, 31 December 2022. Page 16
PCC Chilwell Notes to the Financial Statements for the Year Ended 31 Deeember 2020 14 Funds Balance at 31 December 2020 B21aDce 3t I January 2020 Incoming resource$ Rewurces expended Trathsfers Unrestricted fund5 G£ner41 Christ Church Christ Church.. C2Pit2L Fund 55,695 262,620 (272.960) 45,355 470,68 470,684 526,379 262,620 272,960 516,039 Design41ed Christ Church: Resources Fund St Barnabas: PCC Vision Fund Si Barnabas.. Builditsg Fund Si Barnabas: DCC Fund St Bamabas: Coff¢¢ Futkd Christ Church Support Fund 30,000 30,000 28,876 (4,993) 23.883 410 (5,403) 4,993 11,240 20,895 {22,943) 9,192 50 50 1.250 350 9110 70,576 22,145 (28.696 64,025 Total unrestricted funds 596,955 284,765 301,656 580.064 Restricted funds Christ Church: Men's Group St Bamabas.. Kids & Bamies St Barnabas.. Kitchen Fund St Bamabas.. Giftg Inham Nook Survey Food Bank Community Proj¢ct Christ Church Our Space 107 107 154 331 (53) 432 231 70 5.292 60 291 70 2,508 20 529 (2,784) {45) (1.316) 65 1.845 78 78) Total restricted funds 5,854 3.957 Page 17
PCC Chilwell Notes to the Financial Statements for the Year Ended 31 December 2020 Balanee at 31 December Balanee at I January 2020 Incoming resources Resources expended TrAn$fer$ 2020 Total funds 602,809 287,144 305,932 584,021 Balanee at I January 2019 Balance at 31 December 2019 Incomin resources Resources expended Unrestricted funds UllrtsÈri¢¢¢dgenerlfttds Christ Church Christ Church- Capital Fund 28,523 470,684 298,344 (271,172) 55.695 470.684 499,207 298,344 271,172) 526,379 UnresÉricted designaiedfunds Christ Church.. Resources Fund Si Bamabas: PCC Vision Fund St Barnabas: Building Fund St Bamabas: DCC Fund St Barnabas: Coffee Fund 30,000 29,378 2.300 9,894 92 30,000 28,876 410 11.240 50 (5021 (1.890) (29,239) (1021 (31.733) 30,585 60 71,664 30,645 70.576 Total unrestrlcted funds 570,871 328,989 (302,905 596,955 Restricted funds Christ Church: Men's Group St Barnabas: Kids & Bamies St Barnabas- Kitchen Fund St Barnabas.. Gifts Inham Nook Survey TLM Church Outward Giving 87 54 150 273 285 100 320 (265} 107 154 231 70 5292 (239} (203} (4,708) (40) (1,420) 10.000 40 1.420 Total restricted funds 564 12,165 (6.875) 5.854 Total funds 571,435 341,154 309,780 602,809 Page 18
PCC Chilwell Notes to the Financial Statements for the Year Ended 31 December 2020 The specific purposes for which th¢ fvnds are to be applied Are as follows.. Christ Church Resources Fund (designated)- allo¢ated by PCC to partially finance future strategic initiatives. Mcns Group Fund {restricted)- monies received and payments made by the onthlY Mens GTOUP meetings Support Fund (designated) - allocated from a general gift for support during Coronavirns, expanded to provide support fund to vulnerable within the community Community Projcct r.uttd (Stricted) - yutiL and ¥ift funded EO provide community outreach to vulnerable families within th£ parish St Barnabas PCC Vison Fund (designated)- allocated by PCC to partially finance tUre strategic initiatives. Building Fund (dcsignated)- money held by the DCC for specific builditkg works. DCC r'wid {¢Jrbi¥IVdltya) - thi5 is the St Baniabas gen¢rai Incomc and expenditure in y¢ar, and Counted as designated for the pllrpose of the consolidated accounts. Coffee Fund ~ (designated) - money reccived by the DCC from r¢freshments provided on Sunday$- to be spent on supplies as requir¢d. Kids & Bamies Fund {restricted) - monies held for use on "Bamies" children's club, plus a £IOO donation to ¢IiLfblL IFiY purcha.%¢ of chfidren5 bibles. Food Bank Fund (restticted)- restrict¢d receipts to fund food bank at St Bamabas Kitchen Fund (restrioted)- restricted receipts to partially finance f2bric and fi]rniture costs. Lott¢ry Grant (restricted}- restricted fund received to support widcr comrnunity project The trdn8fer from the vision fund to the building fijnd is to cover th¢ deficit on this activity. Page 19
PCC Chilwell Notes to the Financial Statements for the Year Ended 31 December 2020 15 Attalysls of net assets behveen funds Unrestricted funds Restrieted funds General Total funds Tangible fixed assets Current a$8¢ls Cuent liabilities 470,685 112,622 3,243) 470,685 116,579 {3,243} 3.957 TntAI ntt a.qetq 580,064 3.957 584,021 UnTestri¢ted fund5 Total funds ¥t 31 December 2019 Restricted funds GeReral Tangible fixed asets Current assets Current liabilities 470,684 131.025 4.754) 470,684 136,879 4,754 5,854 Total net assets 596.955 5,854 602,809 16 Independent exxmlner's fees During th¢ period, the fees payable (excluding VAT) to the d)arity's indep¢ndent examiner Community Accounting Plus pre analysed as follows= 2020 2019 LDd¢pendent examination 775 750 775 750 17 Related party transaetlons During the ycar the clwity made the following related paty transactions.. Kgthryn Britton (Related to Simon Britton (Trustee)) Receiv¢d gross remuneratlon in the year of £10,740 (2019.. £10,680}. At the balance sheet date the amount dv¢ )Ifrom Kathryn Britton wos £Nil (2019- £Nil). Andy Thoma5 (lielated to IQatrina Thomas (Trnsiee)) Received remwicration in the period of £28,560 (2019.. £9,333). At th¢ balance sheet date the amount due tolfroin Andy Thomas was £Nil (2019- £Nil). Page 20