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2020-12-31-accounts

Page
Trustees'
annual
report
Independent auditor's report to the members
Statement
of		 financial activities
Statement
of		 financial position 12
Statement
of		 cash flows 13
Notes to the financial statements
The following pages do not form part ofthe financial statements
Detailed statement
of		 financial activities 27

PCC mem bers
who hav		 e served
from
1 January		 2 02 0 until the date this report was a pproved
were:
Ex Officio
The Incumbent Rev. Joe Dent
Rev. Leon Sim
Rev. Tim Partridge
Rev, Phil Cairns (from September 2020)
Churchwardens Mr Malcolm
Prideaux
Mr Mac Forsyth
(retired		 October 2020)
Mr Tim Williams
(elected October 2020)
Deanery Synod Reps Mrs Janet Greaves-Stocker
Mrs Katherine
Kingdom
Dr Jane Melhuish
Elected Members Mrs Barbara Allan
Mrs Mags Bell
Mrs Jenny
Bright
Dr Jim Copper
Mr Bill Duncan
Mrs Judy Hodgkinson (elected October 2020)
Mrs Patricia
Holroyd
Mrs Marie
Hull
Mrs Katharine
Kingdom		 (retired October 2020)
Ms Felicity Murphy
Mr Robert Peters (elected October 2020)
Mr Jack Spence
Mr Mark Stroud
Mr Bob Styring
Ms Angela Thomas
Mrs Sophie Thompson
Mr Graham
Vosper (elected October 2020)
Mrs Rita Whyte
Mr Tim Williams
(resigned		 on being elected Churchwarden, October 2020)
Mrs Gill Wood
Co-opted members Mrs Pauline
Arkle
Dr Jeremy Clark
Mr Paul Colman
(until		 December 2020)
Mr Mac Forsyth
(from		 October 2020)
Prof. David
Huntley
Mr Chris Prior

Year ended 31 December 2020
Bankers Royal Parade
City Centre
Plymouth
Devon
PL1 1HB
Auditor Thomas Westcott
Chartered
accountants		 and statutory auditor
Plym House
3 Longbridge Road
Marsh
Mills
Plymouth
Devon
PL6 8LT

2020 2019
Unrestricted Restricted
funds funds Total funds Total funds
Note F F E E
Income and endowments
Donations
and legacies		 4 1,050,011 152,794 1,202,805 361,117
Charitable
activities		 5 15,878 525 16,403 42,114
investment
income		 6 831 31 862 329
Total income 1,066,720 'I53,350 1,220,070 403,560
Expenditure
Expenditure
on charitable		 activities 7,8 356,148 178,170 534,318 419,002
Total expenditure 356,148 178,170 534,318 419,002
Net income/(expenditure) 710,572 (24,820) 685,752 (15,442)
Transfers
between
funds		 (12,381) 12,381
Other recognised
gains		 and losses
Gains from revaluation
of		 fixed assets 647,570 647,570
Net movement
in funds		 698,191 635,131 1,333,322 (15,442)
Reconciliation
offunds
Total funds brought
forward		 340,164 43,023 383,187 398,629
Total funds carried forward 1,038,355 678,154 1,716,509 383,187

31 December 20 20
2020 2019
Note F
Fixed assets
Tangible
fixed assets		 15 729,823 85,164
Current assets
Debtors 16 40,173 65,304
Cash at bank and in hand 999,721 282,922
1,039,894 348,226
Creditors: amounts falling due within one year 1'7 53,208 50,203
Net current assets 986,686 298,023
Total assets less current liabilities 1,716,509 383,187
Net assets 1,716,509 383,187
Funds ofthe charity
Restricted
income		 funds:
Revaluation reserve 647,570
Other restricted income funds 30,584 43,023
Unrestricted
funds		 1,038,355 340,164
Total charity funds 19 1,716,509 383,187

2020 2019
F E
Cash flows from operating activities
Net income/(expenditure) 685,752 (15,442)
Adjustments
for;
Depreciation
of tangible
fixed assets		 2,911 4,519
Other interest receivable
and similar income		 (862) (329)
Interest payable and similar charges 416 816
Accrued expenses 4,340 264
Changes in:
Trade and other debtors 25,131 (20,289)
Trade and other creditors (1,335) 402
Cash generated from operations 716,353 (30,059)
Interest paid (416) (816)
Interest received 862 329
Net cash from/(used
in) operating
activities		 716,799 (30,546)
Cash flows from investing activities
Purchase
oftangible assets		 (11,645)
Net cash used
in		 investing
activities		 (11,645)
Net increase/(decrease)
in		 cash and cash equivalents 716,799 (42,191)
Cash and cash equivalents at beginning ofyear 282,922 325,113
Cash and cash equivalents at end ofyear 999,721 282,922

Donations
and le		 gacies
Unrestricted Restricted Total Funds
Funds Funds 2020
E E f
Donations
Gift Aided and Non-Gift Aided envelopes 172,985 36,207 209,192
Income Tax recoverable 40,838 8,443 49,281
Collections
(open		 plate) 11,926 11,926
House Party income 'I,300 1,300
Funding
received		 from Resurgam 60 Appeal and
Friends ofSt Andrews 103,516 103,516
Flowers 25 25
Special services
Maintenance
Box		 1,037 1,037
Sundry
donations		 836 16 852
Books 406 406
Special events 20 20
Wine, bread, candles 1,504 1,504
Hospitality 1,389 1,389
FiT solar panels 3,793 3,793
Miscellaneous
income		 1,399 1,399
Student work donation 2,607 2,607
VAT recovered 22,060 22,060
Legacies
Legacies 791,793 791,793
Parkhouse
and Dingle Trusts		 705 705
1,050,011 152,794 1,202,805

Unrestricted Restricted Total Funds
Funds Funds 2019
F F E
Donations
Gift Aided and Non-Gift Aided envelopes 177,531 35,942 213,473
Income Tax recoverable 43,293 9,842 53,135
Collections
(open		 plate) 15,246 15,246
House Party income 14,582 14,582
Funding
received		 from Resurgam 60Appeal and
Friends ofSt Andrews 3,225 3,225
Flowers 152 152
Special services 483 483
Maintenance
Box		 3,446 3,446
Sundry donations 1,350 72 1,422
Books 1,395 1,395
Special events 1,890 1,890
Wine, bread, candles 2,957 2,957
Hospitality 13,394 13,394
FiT solar panels 5,834 5,834
Miscellaneous
income		 4,258 4,258
Student
work donation		 19,000 19,000
VAT recovered
Legacies
Legacies 7,000 7,000
Parkhouse
and Dingle Trusts		 225 225
278,229 82,888 361,117
During
the year a		 notable legacy was received totalling f790,742.94, There were no restrictions
placed on the use ofthese funds,
Charitable
activities
Unrestricted Restricted Total Funds
Funds Funds 2020
E E
Hire of Church
and facilities		 2,369 2,369
Weddings 2,119 525 2,644
Funerals 7,087 7,087
Chaplaincy
fees-		 Plymouth College 3,000 3,000
Holiday
Club
Snack and Chat 230 230
Youthwork 750 750
Magazine 323 323
Recitals
15,878 525 16,403

Unrestricted Restricted Total Funds
Funds Funds 2019
E F
Hire of Church and facilities 8,393 8,393
Weddings 7,246 1,025 8,271
Funerals 9,786 9,786
Chaplaincy fees- Plymouth College 3,000 3,000
Holiday Club 2,250 2,250
Snack and Chat 1,265 1,265
Youthwork 4,277 4,277
Magazine 1,249 1,249
Recitals 3,623 3,623
41,089 1,025 42,114
6. Investment income
Unrestricted Restricted Total Funds
Funds Funds 2020
E E E
Bank interest receivable 831 31 862
Unrestricted Restricted Total Funds
Funds Funds 2019
E F F
Bank interest receivable 282 47 329
7. Expenditure on charitable activities by fund type
Unrestricted Restricted Total Funds
Funds Funds 2020
F E E
Directly relating to work of the church 330,545 178,122 508,667
Support costs 25,603 48 25,651
356,148 178,170 534,318
Unrestricted Restricted Total Funds
Funds Funds 2019
E E E
Directly relating to work of the church 294,919 95,144 390,063
Support costs 28,856 83 28,939
323,775 95,227 419,002

Activities
undertaken Grant funding Support Total funds Total fund
directly of activities costs 2020 2019
E E E F F
Directly relating to work
of the church 465,735 42,932 3,895 512,562 398,574
Governance costs 21,756 21,756 20,428
465,735 42,932 25,651 534,318 419,002
9. Analysis ofsupport costs
Analysis
of
support costs Total 2020 Total 2019
E E
Staff costs 10,070 10,070 8,431
Premises 1,185 1,185 1,390
General office 6,820 6,820 15,356
Finance costs 416 416 816
Governance costs 7,160 7,160 2,946
25,651 25,651 28,939
10. Analysis of grants
2020 2019
E E
Grants
Paid by Mission Partnership 42,932 46,595
Total grants 42,932 46,595
11. Net income/(expenditure)
Net income/(expenditure) is stated after charging/(crediting):
2020 2019
E
Depreciation of tangible fixed assets 2,911 4,519
12. Auditors' remuneration
2020 2019
E E
Fees payable for the audit ofthe financial statements 4,200

No remuneration
or other
benefit
received
by the trustees.
Tangible fixed assets		 s
from
employment		 with
the char		 ity
or a related		 entity
were
Unrestricted Restricted
Freehold Equipment
8		 Equipment
&
property Furniture Furniture Total
E E E E
Cost
At 1 January 2020 76,430 85,412 20,441 182,283
Revaluations 647,570 647,570
At 31 December 2020 724,000 85,412 20,441 829,853
Depreciation
At 1 January 2020 76,679 20,440 97,119
Charge for the year 2,911 2,911
At 31 December 2020 79,590 20,440 100,030
Carrying
amount
At 31 December 2020 724,000 5,822 1 729,823
At 31 December 2019 76,430 8,733 1 85,164

Debtors
2020 2019
E E
Prepayments and accrued income 21,107
Other debtors 40,173 44,197
40,173 65,304

Creditors : amounts
f		 alling due within one year
2020 20'I9
E E
Accruals and deferred income 9,170 4,830
Other creditors 44,038 45,373
53,208 50,203

At
At 31 December
1 January 2020 Income Expenditure Transfers 2020
E E E E E
General funds 340, 164 1,066,720 (356,148) (12,381) 1,038,355
At
At 31 December
1 January 2019 Income Expenditure Transfers 2019
E E E E
General funds 342,220 319,600 (323,775) 2,119 340,164

At Gains and At
1 Jan 2020 Income Expenditure Transfers losses 31 Dec 2020
F F E F E
Student Worker
Fund 16,740 2,607 (24,681) 6,346 1,012
Parkhouse
and
Dingle Trusts 8,969 708 9,677
Revaluation
reserve 647,570 647,570
Bell &Tower
Fund 9,973 (198) 10,341
Mission
Partnership Fund 1,570 44,650 (42,932) 3,288
Ministry Fund 907 1 (808) 100
House Party Fund 4,824 1,300 6,124
Sundry restricted
fund 40 42
Funding from
Resurgam
appeal
and Friends 103,516 (109,551) 6,035
43,023 153,350 (178,170) 12,381 647,570 678,154
At Gains and At
1 Jan 2019 Income Expenditure Transfers losses 31 Dec 2019
F F F E F F
Art Project 2,369 (82) (2,287)
Student Worker
Fund 16,130 19,000 (19,589) 1,199 16,740
Parkhouse
and
Dingle Trusts 9,939 230 (1,200) 8,969
Revaluation
reserve
Bell &Tower
Fund 9,524 1,126 (677) 9,973
Mission
Partnership Fund 2,381 45,784 (46,595) 1,570
Ministry Fund 10,894 13 (10,000) 907
Boiler appeal fund 1,031 (1,031)
House Party Fund 14,582 (9,758) 4,824
Sundry restricted
fund 40 40
Funding from
Resurgam
appeal
and Friends 3,225 (3,225)
Ministry Assistant
Fund 4,101 (4,101)
56,409 83,960 (95,227) (2,119) 43,023

22. Financial
instrument		 Financial
instrument		 s
The carrying
amount		 for each category of financial instrument is as follows
2020 2019
E E
Financial assets that are debt instruments measured at amortised cost
Financial assets that are debt instruments measured at amortised
cost 56,173 44,197
Financial liabilities measured at amortised cost
Financial liabilities
measured		 at amortlsed cost 53,208 50,203
23. Analysis ofchanges in net debt
Analy sis ofc hang es
in net debt
At At
1 Jan 2020 Cash flows 31 Dec 2020
E f
Cash at bank and in hand 282,922 716,799 999,721

Year ended 31 Decem ber 2020
2020 2019
E F
Income and endowments
Donations
and legacies
Gift Aided and Non-Gift Aided envelopes 209,192 213,473
Income Tax recoverable 49,281 53,135
Collections
(open		 plate) 11,926 15,246
House Party income 1,300 14,582
Funding
received		 from Resurgam 60 Appeal and Friends ofSt Andrew' s 103,516 3,225
Flowers 25 152
Special services 483
Maintenance
Box		 1,037 3,446
Sundry
donations		 852 1,422
Books 406 1,395
Special events 20 1,890
Wine, bread, candles 1,504 2,957
Hospitality 1,389 13,394
FiT solar panels 3,793 5,834
Miscellaneous
income		 1,399 4,258
Student
work donation		 2,607 19,000
VAT recovered 22,060
Legacies 791,793 7,000
Parkhouse
and Dingle Trusts		 705 225
1,202,805 361,117
Charitable
activities
Hire of Church
and facilities		 2,369 8,393
Weddings 2,644 8,271
Funerals 7,087 9,786
Chaplaincy
fees-		 Plymouth College 3,000 3,000
Holiday
Club		 2,250
Snack and Chat 230 1,265
Youthwork 750 4,277
Magazine 323 1,249
Recitals 3,623
16,403 42,114
Investment
income
Bank interest receivable 862 329
Total income 1,220,070 403,560

2020 2019
E E
Expenditure
Expenditure
on charitable		 activities
Wages and salaries 130,923 113,500
Employer's
NIC		 2,344 789
Pension costs 3,028 2,353
Rent 9,950 10,000
Rates and water 1,357 1,567
Light and heat 6,216 4,542
Repairs and maintenance 162,054 14,730
Insurance 11,368 11,119
Other establishment 4,577 6,026
Other motor/travel costs 281 90
Legal and professional fees 7,160 2,946
Telephone 2,420 1,992
Other office costs 4,694 6,681
Depreciation 2,911 4,519
Other interest payable and similar charges 416 816
Mission Partnership 42,932 46,595
Cleaning
and refuse removal		 1,185 1,390
Subscriptions 308 1,'I50
Clergy expenses 40 1,306
Organ, Carillon
and		 piano tuning and repairs 2,365 2,741
Holiday
Club		 2,467
Art Project 82
Youthwork 1,625 4,506
House Party expenses 9,758
Communion
bread		 and wine 472 4,910
Special events 927 2,255
Hospitality
costs		 318 4,318
Special services 262 2,100
Flowers 528 1,385
Soup run 555
Other 2,934 1,264
Weddings 2,043 4,471
Funerals 3,346 5,248
Diocesan quota 121,439 132,320
Training
and courses		 223 3,564
Books and leaflets 2,682 3,936
Advertising 990 1,011
534,318 419,002
Total expenditure 534,318 419,002
Net income/(expenditure) 685,752 (15,442)