St. John's Church - Folkestone
Charity Registration Number: 1134652
Annual Report and Financial Statements of the Parochial Church Council Year ended 31 December 2020
Incumbent :
Rev Adam Denley The Vicarage 4 Cornwallis Avenue Folkestone CT19 5JA
Bank:
Lloyds Plc 43 Sandgate road Folkestone CT20 1RZ
Independent Examiner:
Dan Payne FCCA Beresfords Chartered Certified Accountants Castle House, Castle Hill Avenue Folkestone CT20 2TQ
Page (s) Index
1 - 5 Annual Report of the PCC 6 Independent Examiner's Report 7 Statement of Financial Activities 8 Balance Sheet 10-14 Notes to the Financial Statements
St. John’s Church – Folkestone Annual Report For the year ended 31 December 2020
Background
St. John’s PCC has the responsibility for co-operating with the incumbent, The Reverend Steve Bradford to 31 March 2020, The Reverend Adam Denley (from 27 January 2021), in promoting in the parish of St. John’s, the whole mission of the church, worship, teaching, pastoral, evangelical, social and ecumenical.
It has the responsibility for the maintenance of the fabric of the church and the furniture, furnishings etc., within it. St. John’s Church is part of the Diocese of Canterbury within the Church of England.
Membership
The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.
2020 Church Attendance and Electoral Roll
The numbers registered on the electoral roll at the 2020 APCM on 16 March was 116, compared to 121 in 2019. This followed the six-yearly preparation of a new electoral roll.
Public Benefit
The Trustees have complied with the duty in section 17 of the Charities Act 2011 to have due regard to guidance published by the Charities Commission, including the public benefit guidance. Of course, church services and other activities have been severely curtailed since the APCM in 2020 due to the coronavirus pandemic. Very shortly after the APCM the first of three full lockdowns were put in place meaning that the church buildings have been closed for most of the year.
Following the closure of the buildings St John’s moved quickly to offer virtual services online; this evolved to include a regular weekly Young Peoples Service (YPS) and a monthly All Age Worship Service. Initially these services were via Facebook and YouTube meaning that people can interact from home. More details about these services are given below.
Before the pandemic our main church services were :
St. John’s Church
Sunday 10.00
Relaxed Anglican worship, music and teaching for the whole family. Teaching is thematic, seeking to apply the wisdom of the Bible to real-life situations we all face. Children’s groups are provided each Sunday unless the service is for the whole church (usually first Sunday’s and during School Holidays). We share Holy Communion once a month on the second Sunday of the month.
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St. John’s Church – Folkestone Annual Report For the year ended 31 December 2020
St. John’s Church Hall
Sunday 18.00
A worship and prayer meeting (Worship@6). We share communion on the 4[th] Sunday of the month.
Grace Taylor Hall
Sunday 09.15
This short, informal morning service caters mainly for people living in Broadmead Village. We share Holy Communion once a month on the third Sunday of the month.
Grace Taylor Hall is also used for several different activities over the year which helps to keep it in good working order.
2020 OVERVIEW
A number of issues have made 2020 an extraordinary year. It would be usual at this point in this report to relate our achievements and to mark the way we have progressed in our mission; however, coronavirus, interregnum and other more domestic issues combined to make this a very different report.
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A major priority, following the retirement of The Reverend Steve Bradford on 31 March 2020, was to begin the search for a new vicar. Working with the Archdeacon and our Patron, The Church Pastoral Aid Society (CPAS), the process got under way with a PreVacancy PCC Zoom meeting on April 20[th] with Mike Duff from CPAS to agree and understand the recruitment process. On 30[th] July, a “Section 11” meeting was held to adopt the Parish Profile and to appoint Parish Representatives who would join the interview panel. The post was advertised and interviews took place on 23[rd] October leading to the appointment of Reverend Adam Denley, who was licensed on 27[th] January 2021 – ten months after his predecessor’s retirement.
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During ‘lockdown’ it was crucial that we maintained both the opportunity for the church family to worship, hear The Word and to receive pastoral care. Immediately lockdown was announced, St John’s began producing services online – accessible through both Facebook and YouTube. This has, over the months, developed; we have made available online 45 Sunday Services,29 Young People’s Services (YPS), 16 Sunday Fun, 2 Carol Services, a six-part Lent Course, 4 Advent reflections, 14 Reflections from Debra Lewis our Children Youth and Families Minister and 14 Curate’s updates.
Through anonymous donations St John’s has been able to update and upgrade its’ AV equipment in order to be able to offer reliable online services into the future, even after lockdown has finished.
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St. John’s Church – Folkestone Annual Report For the year ended 31 December 2020
In order to maintain Pastoral Care, our Lay Readers and retired clergy took on the task of being in contact with each member of the church family in our church directory on a regular telephone contact basis. This contact was undertaken sensitively with an ear as to how often people would like a call.
- Good communications have been key. With little or no face-to-face contact with large parts of the church family, it has been important to maintain good communications. The weekly newsletter “Get Connected” was re-vamped and made available as a download from the church web site; for those who don’t have internet access, a hard copy version was posted out each week. In addition, every week a church warden would appear during the online church service to provide a ‘Warden’s Update’. The Church Council, in addition to meeting regularly via Zoom were given regular email updates from the churchwardens.
Links with the Wider World
During 2020 our Mission Partnership Group (MPG) continued to increase our awareness of, and commitment to, this important area of our mission. The MPG lead and encourage St. John’s prayerful and financial commitment.
Charities currently in receipt of our financial and prayerful support include Tearfund, Church Pastoral Aid Society, International China Concern, Mission Aviation Fellowship, The Children's Society, The Diocesan Advent Justice Appeal and The Rainbow Centre. In 2020 we gifted a total of £9,084.
Fabric Report
In a lockdown year we have focussed on necessary repairs to our buildings to ensure they are both fit for purpose and comply with safety requirements.
Church
During the year the faculty to make our enlarged creche area permanent has been confirmed and received.
Vicarage and 2 Chalk Close
Both these properties belong to the Diocese, who are responsible for looking after them.
126 Lucy Avenue
The church shares the ownership of the 126 Lucy Avenue complex with the Diocese on a 70:30 basis. The house is rented out and managed through agents .
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St. John’s Church – Folkestone Annual Report For the year ended 31 December 2020
Financial Review
Total income for the year of £131,563 was £36,749 less than last year (2019: £168,312), see Note 2. The main differences reflected no CYFM grant (£15,996), as the 3-year grant had ended, and the impact of Covid-19 on our ability to open the church and hall.
Total expenditure of £146,067 was £24,328 less than last year (2019: £170,395) see Note 3.
The full financial statements accompany this report.
Reserves policy
The PCC has decided that a free reserve equal in the range of three to six month’s expenditure should be maintained to enable cash flow (total monthly expenditure averaged £12,112 in 2020). At 31 December 2020 free reserves stood at £51,850 (2019: £60,237) or 4.34 months of working capital (2019: 4.28 months). This is after creating a designated fund of £23,284 which represents the CYFM costs for the next two years.
Investment policy
Any funds not needed for immediate use are placed on deposit.
Governance
The PCC welcomes the new Charity Governance Code and plans to use it to help the PCC further improve its governance arrangements.
Future Developments
We look forward to building relationships with our new vicar and continue to look for new ways to reach more people with the love of God.
Statement of Trustees' Responsibilities
The trustees are responsible for preparing the trustees' report and the financial statements in accordance with the United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice) and applicable law and regulations.
The law applicable to charities requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
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select suitable accounting policies and then apply them consistently;
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observe the methods and principles in the Charities SORP;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
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St. John’s Church – Folkestone Annual Report For the year ended 31 December 2020
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the provisions of the constitution. The trustees are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Administrative information
The PCC met 8 times. During the year the following were members of the PCC:-
Ex-officio members:
Incumbent:
Wardens:
Revd. Steven Bradford (to 31 March 2020) Mr Steve O’Neill (to 16 March 2020) Revd. Adam Denley (from 27 January 2021) Mr Peter Edwards Curate: Jo Purle Mrs Linda Grieve (from March 2020) Readers:
Deanery Synod Reps: Readers: Mr David Donald Mr Steve Hyde Honorary Treasurer: Honorary Secretary: Mr Alex Finlow Mrs Chrissy Forrest
Honorary Secretary:
Elected members:
Mrs Clare Au Mrs Alison Pemberton (to 16 March 2020) Mr George Au (from 16 March 2020) Miss Frances Morgan (to 16 March 2020) Mr Peter Edwards Mrs Eileen Moore-Dalgleish Mrs Penny Sholl Mrs Mandy Allen Mr Nick Creeden (from 16 March 2020) Mrs Jenny Hubbard Mrs Jill O’Neill Mrs Sue Wise (from 16 March 2020) Mrs Nancy Benham Mrs Chrissy Forrest Mr Alex Finlow Mrs Linda Grieve
Approved by the trustees of the charity on .................... and signed on its behalf by:
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St. John’s Church – Folkestone Annual Report For the year ended 31 December 2020
Independent Examiner’s Report to the Parochial Church Council
For the year ended 31 December 2020
This report on the financial statements of the PCC for the year ended 31 December 2020, which are set out on pages 8 to 15, is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (‘the Regulations’) and Charities Act 2011 (‘the 2011 Act’).
Respective Responsibilities of Trustees & Examiner
As members of the PCC you are responsible for the preparation of the financial statements. You consider that the audit requirement of the Regulations and section 144(2) of the 2011 Act does not apply and that an independent examination is needed. It is my responsibility to:
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examine the accounts under section 145 of the 2011 Act;
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to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145 (5) (b) of the 2011 Act); and
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to state whether particular matters have come to my attention.
My work has been undertaken so that I might state to the Trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the PCC, and the PCC Trustees, as a body, for my work, for this report or for the opinions I have formed.
Basis of Independent Examiner’s Report
My examination was carried out in accordance with the General Directions given by the Charity Commission under section s.145(5)(b) of the 2011 Act and to be found in the Church Guidance , 2006 edition, issued by the Finance Division of the Archbishop’s Council. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts and consequently no opinion is given as to whether the accounts present a ‘true and fair’ view and the report is limited to those matters set out in the statement below.
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:
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which gives me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordance with section 130 of the 2011 Act, and
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to prepare accounts, which accord with the accounting records and comply with the requirements of the 2011 Act and the Regulations have not been met; or
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to which in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Dan Payne FCCA Beresfords Chartered Certified Accountants Castle House, Castle Hill Avenue Folkestone Kent, CT20 2TQ
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St. John's Church - Folkestone Statement of Financial Activities Year ended 31 December 2020
| Note Income from: Voluntary income 2a Activities for generating funds 2b Income from investments 2c Church activities 2d Other incoming resources 2e Total Income Less: Expenditure on: Cost of generating voluntary income 3a Fundraising trading costs 3b Church activities 3c Governance 3d Total Expenditure Net income / (expenditure) Brought forward at 1 January 2020 9a Transfers Carried forward at 31 December 2020 9a |
2020 Unrestricted Restricted Total funds funds funds £ £ £ 111,253 - 111,253 - - - 113 - 113 16,838 - 16,838 3,359 - 3,359 131,563 - 131,563 51 - 51 - - - 132,934 11,642 144,576 1,440 - 1,440 134,425 11,642 146,067 ( 2,862) ( 11,642) ( 14,504) 174,760 7,278 182,038 (4,364) 4,364 - 167,534 - 167,534 |
2019 Unrestricted Restricted Total funds funds funds £ £ £ 124,211 16,283 140,494 28 - 28 424 - 424 25,256 - 25,256 2,110 - 2,110 |
|---|---|---|
| 152,029 16,283 168,312 50 - 50 - - - 149,993 19,632 169,625 720 - 720 |
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| 150,763 19,632 170,395 |
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| 1,266 ( 3,349) ( 2,083) 173,010 11,111 184,121 484 (484) - |
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| 174,760 7,278 182,038 |
Continuing Operations
None of the PCC's operations were acquired or discontinued during the above two financial years.
Total Recognised Gains and Losses
The PCC has no recognised gains or losses other than the income and expenditure for the above two years.
the notes on pages 9 - 14 form part of these financial statements
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St. John's Church - Folkestone Balance Sheet Year ended 31 December 2020
| Note Fixed Assets Tangible 6 Current Assets Debtors 7 Cash at bank and in hand Current Liabilities Creditors falling due within one year 8 Net Current Assets Total Net Assets Represented by Parish Funds Free reserves 9a Designated 9a Restricted 9a Approved by the PCC on |
2020 Unrestricted Restricted Total funds funds funds £ £ £ 92,400 - 92,400 92,400 - 92,400 3,357 - 3,357 74,867 - 74,867 78,224 - 78,224 3,090 - 3,090 75,134 - 75,134 167,534 - 167,534 51,850 - 51,850 115,684 - 115,684 - - - 167,534 - 167,534 and signed on its behalf by: |
2019 Unrestricted Restricted Total funds funds funds £ £ £ 92,400 - 92,400 |
|---|---|---|
| 92,400 - 92,400 4,398 - 4,398 81,035 7,278 88,313 |
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| 85,433 7,278 92,711 3,073 - 3,073 |
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| 82,360 7,278 89,638 |
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| 174,760 7,278 182,038 |
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| 60,237 - 60,237 114,523 - 114,523 - 7,278 7,278 |
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| 174,760 7,278 182,038 |
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Chairman
the notes on pages 9 - 14 form part of these financial statements
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St. John's Church - Folkestone Notes to the financial statements Year ended 31 December 2020
1 Accounting Policies a) Basis of Accounting
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and 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 (Charities SORP FRS 102).
St. John's Church meets the definition of a public benefit entity under FRS 102. The financial statements have been prepared under the historical cost convention except for land and buildings which is carried at deemed cost under the transitional provisions of FRS 102.
The trustees have assessed whether the use of the going concern basis is appropriate and have considered possible events or conditions that might cast significant doubt on the ability of the charity to continue as a going concern. The trustees have made this assessment for a period of at least one year from the date of approval of the financial statements. The Trustees have reviewed all budgets and expected income and expenditure projections and have concluded that, together with the reserves established to help in such circumstances, there is a reasonable expectation that the charity has adequate resources to continue operational existence for the foreseeable future. The charity therefore continues to adopt the going concern basis in preparing its financial statements.
b) Funds
General funds represent the funds of the PCC that are not subject to any regulations regarding their use and are available for the application on the general purposes of the PCC. Funds designated for a particular use by the PCC are also unrestricted.
The accounts include all 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.
c) 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 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 fetes, garden parties and other similar events are accounted for gross. Sale 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.
d) Resources used
Activities directly relating to the work of the Church
The Diocesan quota or parish share is accounted for when payable. Any quota unpaid at 31 December is provided for in these accounts as an operational (though not legal) liability and is shown as a creditor in the Balance Sheet.
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St. John's Church - Folkestone Notes to the financial statements (continued) Year ended 31 December 2020
1 e) Fixed Assets
Consecrated land and buildings and movable church furnishings
Consecrated and beneficed property is excluded from the accounts by Section 10 (2) (a) of the Charities Act 2011. No value is placed on movable 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 benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.
Other assets with a purchase price in excess of £1,000 with an estimated life of more than one year are capitalised and written off over their estimated useful life using the following method and rate: Class: Equipment Method: straight line Rate: 25%
No depreciation is charged on freehold property land and buildings as the PCC members believe that the market value is in excess of the valuation provided by the Diocese in 2001.
| 2020 Note Unrestricted Restricted Total funds funds funds 2 Income from: £ £ £ 2a Voluntary income Planned giving: Standing orders and envelopes scheme 73,485 - 73,485 Tax recoverable 17,776 - 17,776 CAF etc. 404 - 404 91,665 - 91,665 Collections 1,698 - 1,698 Special Appeal 16,156 - 16,156 Grants 1,734 - 1,734 Legacies - - - 111,253 - 111,253 2b Activities for generating funds Bookstall - - - - - - 2c Income from investments Bank interest 113 - 113 113 - 113 2d Church activities 126 Lucy Avenue rent 7,788 - 7,788 Church hall lettings 5,909 - 5,909 Fees 3,040 - 3,040 Coffee 101 - 101 16,838 - 16,838 2e Other incoming resources Miscellaneous 3,359 - 3,359 3,359 - 3,359 Total Income 131,563 - 131,563 |
2019 Unrestricted Restricted Total funds funds funds £ £ £ 81,607 - 81,607 20,771 - 20,771 - - - |
|---|---|
| 102,378 - 102,378 6,288 287 6,575 15,545 - 15,545 - 15,996 15,996 - - - |
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| 124,211 16,283 140,494 28 - 28 |
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| 28 - 28 424 - 424 |
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| 424 - 424 7,700 - 7,700 14,324 - 14,324 2,796 - 2,796 436 - 436 |
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| 25,256 - 25,256 2,110 - 2,110 |
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| 2,110 - 2,110 |
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| 152,029 16,283 168,312 |
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St. John's Church - Folkestone Notes to the financial statements (continued) Year ended 31 December 2020
| Note 3 Resources Expended: 3a Cost of generating voluntary income Planned giving stationery 3b Fundraising trading costs Bookstall 3c Church activities: Overseas: Tearfund International China Concern MAF UK Compassion UK Open Doors UK Love Light Romanian Aid Jenga trip Jenga Bishops' fund Footsteps International Christian Aid Medair UK Barnabus Trust Crossworld Toilet Twinning Nigeria project Child of Hope Uganda A Arulanantham Home: Church Pastoral Aid Society Churches Together (Folkestone) Academy Radio Diocesan Advent Justice Appeal Scripture Union The Children's Society C Coleman Salvation Army Mundella School Shepway Foodbank Rainbow Centre Ministry: Diocesan parish share Personnel Ministry teams Repairs and renewals Cost of services Fees Coffee Social Events Insurance Telephone Power and water Bank charges Sundry items Total 3d Governance costs Independent Examiner's Fee Total Resources Expended |
2020 Unrestricted Restricted Total funds funds funds £ £ £ 51 - 51 51 - 51 - - - - - - - - - 1,200 - 1,200 1,200 - 1,200 299 - 299 - - - - - - - - - - - - - - - - - - - - - 250 - 250 175 - 175 175 - 175 90 - 90 - - - 250 - 250 - - - 1,200 - 1,200 75 - 75 60 - 60 - - - 360 - 360 - - - 600 - 600 250 - 250 250 - 250 250 - 250 2,400 - 2,400 9,084 - 9,084 79,143 - 79,143 12,156 10,530 22,686 1,774 1,112 2,886 8,281 - 8,281 5,327 - 5,327 1,874 - 1,874 - - - - - - 6,403 - 6,403 682 - 682 7,171 - 7,171 238 - 238 801 - 801 123,850 11,642 135,492 132,934 11,642 144,576 1,440 - 1,440 1,440 - 1,440 134,425 11,642 146,067 Page 11 |
2019 Unrestricted Restricted Total funds funds funds £ £ £ 50 - 50 |
|---|---|---|
| 50 - 50 - - - |
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| - - - 750 - 750 1,200 - 1,200 700 - 700 300 - 300 - 287 287 250 - 250 600 - 600 250 - 250 400 - 400 400 - 400 400 - 400 250 - 250 - - - - - - 250 - 250 400 - 400 - - - 650 - 650 1,200 - 1,200 75 - 75 - - - 519 - 519 320 - 320 440 - 440 200 - 200 - - - - - - - - - 2,669 - 2,669 |
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| 12,223 287 12,510 78,251 - 78,251 10,919 13,975 24,894 3,403 2,080 5,483 21,698 3,140 24,838 6,481 150 6,631 1,517 - 1,517 45 - 45 271 - 271 6,384 - 6,384 769 - 769 6,604 - 6,604 462 - 462 966 - 966 |
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| 137,770 19,345 157,115 |
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| 149,993 19,632 169,625 - 720 - 720 |
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| 720 - 720 |
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| 150,763 19,632 170,395 |
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St. John's Church - Folkestone Notes to the financial statements (continued) Year ended 31 December 2020
| Note 4 Related parties, Trustee expenses and remuneration During the year, expenses were reimbursed to 3 (2019:6) PCC members in respect of travel and other out of pocket expenses. In addition: Mrs R Jones was employed as Church Administrator Mrs R Yan was employed as Church Administrator Mrs D Lewis were employed as Children,Youth and Families Minister |
2020 £ 2,351 1,631 6,671 10,530 |
2019 £ 3,668 |
|---|---|---|
| 7,264 - 13,975 |
The expenses paid to Clergy and other paid employees may include a small immaterial proportion which relates to their function as PCC members.
There were no related party transactions in 2020 (2019: NIL)
| 5 Staff Costs (personnel) Wages and salaries Social security costs Pensions Payroll admin |
2020 Unrestricted Restricted Total £ £ £ 11,931 10,223 22,154 - - - 225 307 532 - - - 12,156 10,530 22,686 |
2019 Unrestricted Restricted Total £ £ £ 10,662 13,546 24,208 - - - 212 429 641 45 - 45 |
|---|---|---|
| 10,919 13,975 24,894 |
During the year, the PCC employed a layworker as the Children, Families and Youth Minister, a cleaner and a part-time administrator, none of whom earned more than £60,000.
| 6 | Tangible Fixed Assets | Tangible Fixed Assets | Tangible Fixed Assets | Land & | Equipment | 2020 |
|---|---|---|---|---|---|---|
| Buildings | Total | |||||
| £ | £ | £ | ||||
| Cost | / Valuation | |||||
| Brought forward | 92,400 | 4,085 | 96,485 | |||
| Carried forward | 92,400 | 4,085 | 96,485 | |||
| Depreciation | ||||||
| Brought forward | - | 4,085 | 4,085 | |||
| Carried forward | - | 4,085 | 4,085 | |||
| Net Book Value | ||||||
| As at | 31 December 2020 | 92,400 | - | 92,400 | ||
| As at | 31 December 2019 | 92,400 | - | 92,400 |
Land and buildings represents the former curate's house and Grace Taylor Hall located at 126 Lucy Avenue which was bought and built in 1980. The valuation shown is 70% of the agreed valuation of £132,000 as at February 2001 (provided by the Diocese). The Diocese have a 30% interest in the property.
| 2020 Unrestricted Restricted Total £ £ £ 7 Debtors 2,221 - 2,221 1,136 - 1,136 3,357 - 3,357 8 Creditors: amounts falling due within one year 3,090 - 3,090 3,090 - 3,090 Income tax recoverable Accruals Other debtors |
2019 Unrestricted Restricted Total £ £ £ 1,583 - 1,583 2,815 - 2,815 |
|---|---|
| 4,398 - 4,398 |
|
| 3,073 - 3,073 |
|
| 3,073 - 3,073 |
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St. John's Church - Folkestone
| St. John's Church - Folkestone | St. John's Church - Folkestone | St. John's Church - Folkestone | St. John's Church - Folkestone | |||||
|---|---|---|---|---|---|---|---|---|
| Notes to the financial statements (continued) | ||||||||
| Year ended 31 December 2020 | ||||||||
| Brought | Carried | |||||||
| Forward | Forward | |||||||
| 01/01/20 | Income | Expenditure | Result | Transfers | 31/12/20 | |||
| £ | £ | £ | £ | £ | £ | |||
| **9a ** | Funds | |||||||
| Free reserves | 60,237 | 131,563 | 134,425 | ( | 2,862) | ( 5,525) | 51,850 | |
| Designated Funds | ||||||||
| Fabric | - | - | - | - | - | - | ||
| CYFM | 22,123 | - | - | - | 1,161 | 23,284 | ||
| Property | 92,400 | - | - | - | - | 92,400 | ||
| 114,523 | - | - | - | 1,161 | 115,684 | |||
| Unrestricted Funds | 174,760 | 131,563 | 134,425 | **( ** | 2,862) | ( 4,364) | 167,534 | |
| Restricted Funds | ||||||||
| CYFM | 7,278 | - | 11,642 | (11,642) | 4,364 | - | ||
| Total Restricted | 7,278 | - | 11,642 | ( 11,642) | 4,364 | - | ||
| Total Funds | 182,038 | 131,563 | 146,067 | ( 14,504) | - | 167,534 |
Designated Funds:
Fabric - represents funds set aside by the PCC for the maintenance of church fabric. CYFM - represents funds set aside by the PCC for the CYFM worker and on costs. Property - represents the net book value of the freehold premises (see note 6). Restricted Funds:
CYFM - represents sums received and paid out in respect of the CYFM worker.
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St. John's Church - Folkestone
Notes to the financial statements (continued) Year ended 31 December 2020
| Year ended 31 December 2020 | |
|---|---|
| 9b Funds Free reserves Designated Funds CYFM Missions Property Unrestricted Funds Restricted Funds Primetime CYFM Young Children's Work GTH Maintenance Open Doors UK Christine Hills Flowers Total Restricted Total Funds |
Brought Carried Forward Forward 01/01/19 Income Expenditure Result Transfers 31/12/19 £ £ £ £ £ £ 79,360 152,029 149,513 2,516 ( 21,639) 60,237 - - - - 22,123 22,123 1,250 - 1,250 ( 1,250) - - 92,400 - - - - 92,400 |
| 93,650 - 1,250 ( 1,250) 22,123 114,523 |
|
| 173,010 152,029 150,763 1,266 484 174,760 |
|
| 887 - 795 ( 795) ( 92) - 6,542 15,996 15,260 736 - 7,278 1,472 - 1,261 ( 1,261) ( 211) - 1,960 - 1,879 ( 1,879) ( 81) - - 287 287 - - - 250 - 150 (150) (100) - |
|
| 11,111 16,283 19,632 ( 3,349) ( 484) 7,278 |
|
| 184,121 168,312 170,395 ( 2,083) - 182,038 |
Designated Funds:
CYFM - represents funds set aside by the PCC for the CYFM worker and on costs.
Missions - represents unspent budget allocation for charitable giving.
Property - represents the net book value of the freehold premises (see note 6).
Restricted Funds:
Primetime - represents sums received and paid out in respect of the Primetime project work. CYFM - represents sums received and paid out in respect of the CYFM worker.
Young Children's Work - represents unspent gifts for work with young children.
GTH Maintenance - represents the unspent balance of a legacy for GTH maintenance. Christine Hills Flowers - consists of a gift in memory of Christine Hills.
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