Cheadle PARISH Parochlal Church Councll of the Ecclesiastical Parish of St Maryj Cheadle Financlal Statements For the year ended 31 December 2020 Charity Number.. 1134783 Incorporating the Churches of St Mary St Cuthbert THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERT) REPORT OF THE PC¢ TO THE MEMBERS OF ST MARYJS AND ST CUTHBERTIS CHURCHES FOR THE YEAR ENDED 31 DECEMBER 2020 REFERENCE AND ADMINISTRATIVE INFORMATION: MEMBERSHIP OF THE PAROCHIAL CHURCH COUNCIL Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. During the year the following served as members of the PCC: Incumb•nt R¢v Dr Robert Munro As$o¢latg Mlnlst•r$ Rev S Tomalln Rev M Newman Ll¢ensed Pastoral W¢rker R. Ormiston Ward#n$ S Mealand S Parlkh L. Campbell (Deputy Wardèn) G. Thoma5 (Deputy Warden - to 21110/20) l Howard (Deputy Warden - from 21/101201 R•presentatlve on the G•n¢ral Synod J Harris Rgprgsentatlvé on the Dlo¢¢$an Synod F Goode G Low¢o¢k Rgprosentatlve$ on the Deanery Synod F Goodè J Harrls G Lowcock J Berry (from 21/10/20) P. Berry R. Ormlston - ex officio El•ct•d M•mb•rs St Mary's J. Adams (until 21110/20) L Gribbin P Johnson (from 21/10/20) R. Navesey T. Phillips L. Read P. Wèlls st Cuthbèrt's J Berry D. Beynon (untll 21/10/20) J. Davids A Pugh (from 21nO/20) W. Richbell-Brown PCC S•erotary work with children and youth. Pastoral Support Group: Deals with matters related to providing pastoral care. Evangellsm and Soclal Actlon Support Group,, Deals with the evangelistic outreach of the church. Diselplèshlp Support Group: Deals witli matters relating lo adult discipleship. Soclal and Community Support Group: Dea15 Wlth organising of Church wide Social Events Upper Room Café Support Group: Deals witli matters relating to the Upper Room Café ministry. Risk The PCC monitors risk and takes steps to minimise the potential impact. Areas identified Include safety of the premises, child Droleclion and tlie cari'ying of reserves to cover financial commilmenls. 2. OBJECTIVES AND ACTIVITIES OF THS PCC The primary object of all PCCS is the promotion of the Gospel of our Lord Jesus Clirist according to the doctrines and practices of the Church of England. In particular and Linder the PCC (Powers) Measure 1956 tlie PCC is to co-operate with the incumbent, the Reverend Dr Robert Munro, in promoting In the ecclesiastical parish the whole mission of the Church, pastoral, evaiigelistic, social and ecumenical. Contrlbutlon of volunteers Tho churches are indebted to the large number of volunteers who carry oul work at all levels. It lias not been practical to quantify the contribution, but for èxample numerous members of the congrecJation are working with children and youth on any given weekend in teaching and club night5, members prepare the church for Services and enak)le it to be open at times during the week, members assist the clergy with services, work on outreach, riin home groups and ensoiring that the different churcli buildings are clean tidy and ready THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF sr MARY AND ST CUTHBERT) for use. There are also an Increasing number of members who generously volunteer their professional time. Grant Maklng The PCC grants a proportion of ii)come (currently 10%) to the Missionary Committees at each church lo contribute to external missionary organisetions. Payments are split between Home and Overseas and Anglican / non-Anglic31i agencies a5 recommeiided by the committees. Ager)cies supported in 2020 are given In nole S, 3. REVIEW OF ACHIEVEMENTS AND PERFORMANCE We have a fantastic team of peoplo witliin our churches across the parish, both employed aiid voluntary who work so hard to brir)g God's kingdom closer in our communities. A review of activities against our obiectives Is included in 2 above whilst reports of the activities of indiv1dual groups within rhe parish are suminari5ed in the Annual Report, HURCH MEMBERSHIP As at 26 May 2021 there were 330 parishioners on the churcl) electoral roll for St Mary's CW30-3JI. 2019-338 2018-379, 2017-3912016-387.2015- 379. 20P4- 567 20F3-374) and 139 on the electoral roll for St Cuthbert's 12020-157 2019-ILQ, 2018-164. X17-173. 2016-170. 2015- 163. 2014- 162. 201Y-131) giving a total for the Parish of 469. (2020-468. 2019-447 2QIS-513. 2017-564.2016-557. JOIS-542. 2014- 549. 3913-507. 2012-550. 2011-5J8. 2010-544. 20Q9-538. 2008-518, 2007-474) CNB Tlpere w&s been & cGmKJlet& revisfon of tlie E/ettoralRoJl in 2019. OthercomKTrlÈEe révisions of the elecforolTL)11 ere done in2013&nd2007) CHURCH SERVICES st Nary'5 Church r)rovides for the Following services 011 a Sunday.. 8'.00am Holy Communion following the order of the 8ook of Commoii Prayer (monthly) Norning Worship.. an Informal family friendly service of tlie Word which normally includes children up to 11 for the first part of the service before Suiiday School activities. 9'.30am 11.'15am A more traditional service witli liymiis, psalms. sermon and choir, Evening worship., an iiilormal, more varied Service of the Word whicli includes young people of11-14 for the f li-st parl of the Service before furthei. activities In the Upper Room All services inclLJde a sermon and follow the principles of Anglican worship as set out in the Book of Common Prayer aiid Common Worship. 6'.30pm St Cuthbert's provides for the following pattern of worship.. 9',458m Morning Service.. an informal service with contemporary worship, occasiornal alternative service formèts and provision foi. children and young people. including a crèche THE PARISH OF CHEADLE ST MAIIY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERT) 11.'15am Morning Service.. o modern service with some more traditional eleinenl5 6.3Opm Evening Service.. an informal reflective service Mondays, Wednesdays. Thursday5 and Fridays.. 8.30am Prayers in church Wednesdays 12,OOnoon - Lunchtime Communion All services includè a sermon/talk and follow the principles of Anglican worship as sel out in the Book of Common Prayer and Coryimon Worsliip. Holy Coinmunion once 8 month at each service. I n addition the two churches carry OLIt baptisms. weddings. confirmations etc. 4. PCC SECREfARYIS REPORT Since April 2020 and the APCM duo in May 2021, the PCC met four timès all of them via zoom. on 28 September and 30 November 2020 and on l February and 26 April 2021. Between Marcli 2020 and September 2020, PCC business was delegated to the Fir)ènce and Slaiiding Committee which mel on a monthly bèsis via zoom to transact business during the global pandemic. This committee dealt primèrily with health and safety during the pandemic,. how to remain connected during the various times of lockdown., HR matters Including the furloughing of Staff and managèment of the re- opening of the Upper Room Café when permitted Apart from apDroving tl)o budget for this forthcoming year and monitoring the finances of tlie Church tl)roughout the year. tlie PCC dealt with changes to the youth ministry at St Mary's. Following the departure of Luke Blakeley. James Johnson was appointed as a collaborative project with Churches Together in Heald Green Youth Initiative. Howevèr. due to issues caused by further lockdowns during the pandemic. James left at the end of February. The PCC support the ministry of the Upper Room Cafe. The café was able to re-open in July 2020 with covid safe measures in place. but closed again in November 2020. due to the Imposition of local restrictions. At the September meeting we ratified business which had been conducted since tlie last full PCC meeting and finalised the contractual arrangements for appointment of the new youth worker. Ir) November we approved thè 2021 budgèt and discussed governance and structiires and approved various people for different roles and task5 In the chiirch. In Jaiiuary we dealt witli the termination of the contract for the yOLlth worker and approved the Children & Youth ovérséers to commence recruitment for a similar post later in the year. In April we dealt with .approval of the statutory accounts and of the new structures to implément the vision of the parish. Throughout the year. PCC has continued to discuss HR matters caused by the pandemic and lo work on tlie Implementation ol the vision. including re-branding and ch4nge5 to the structures. Staff changes Children & Youth - Lukè 8lakèley resigned as YoLith Pastor in July 2020. Bèkah Davies. the Ininistry trainee, completed her contract in July 2020. James Johnson was employed os THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERT) Youth worker in a joint initiative witli Cl)urches Together ir) Heald Green Youth Initiative from September 2020 to February 2021. The Upper Room Café - Lesley Gribbin's temporary contract ceased In April 2020. SLJsar)nalTh Overson slarled maternity leave in November 2020. Rosie Simmons Joined the team a5 shift SUDeivisor in October 2020. Gabby Beckell and Fiona Poole have been employed as cafe workers during the year. Joshua Tomalin ceased work as café worker and Sl Mary's verger. Tl)e PCC have ber)efited from grants under The Coronavirus Job Retention Scheme. This has ei)abled u5 to relain staff durir)g this period. Those staff who were uiiable to work due to the pandeinic were fui'loughed aiid/or part fui.loughed. Propertles The Parish Church - no major works were carried out in the year. st Cuthberts Church- The chui'cli Interior was damp proofed. replastered and new radiators fitted. The Upper Room- No major work was carried out in the year. Oakfield A ve No major works were required during the year. Plumbing and floor repairs were carried out followii)g a leak. Warren Ave - No major works weré required during tlie year. 4 Cuthbert Road - No major works were carried out on thè property tliis year. 5. FINANCIAL ReviEW a. St Mary's St Mary's is reporting a Surplus on unrestricted funds In the year of E18.663, compared with a deficit OF £42,724 last year. Unrestricted Income was £40.418 less than irn 2019. Whilst Income from chèrilable activities was significantly reduced k)y the Pc)ndemic. St Mary'5 Income from donation5 and giving iiicreased due to the generosity of its members. The impact of the pandemic on income was also lessened by thè rèceipt of government graiit fundi ng. Unrestricted exDendilure decre05ed In the year by E102,654. We l)enefiled from tlie fLJrlouoh scheme that enabled us to retain staff witlioLJt impacting our reserves. As many activities did iiot take place then running costs were much less and savings were eble to be made in tnaiiy areas. b. St Cuthb•rt's St Cull)bert's is reporting a deficit on unrestricted funds in the year of £73,868 compared with an £40,809 deficit last year. If the depreciation charge is removed. then Iliere Is deficit of E35,842 111 cash terms. This is due to planned exr)enditure from reserves of 27,717 on the church building and slalf costs. I ncome decreased in the year by E13,701, £7.524 of this due to tlie reduction in charitable activities. The reduction Iii Parish share coiitribution from tlie Diocese of ChestÈr has ceased and the full share was payable in the year. ¢. Investment Fui)ds held awaiting expencliture and the reserves of the PCC are held In charity approDI-late deposit5 and investments bearing iiiterest at competitive rates. d. R•s•rv•s Pollcy THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERT) Thè PCC I'eserves policy Is lo hold sufficient cash balances to ensure that in an unforeseen emergency situation it carn meet all of its financial obligations as and when they fall dLIe. As a going concern the PCC undertakes a detailed annual budgel review and a regLilar review of the level of reserves required to maintain cash flow. The PCC aims to keep at least two months commilled running costs in general reserves. The church council feel that this sum is adeauate to maintain cash flow and WOLild cover any liabilities that WOLJld fall due il the churches were to cease activities with Immediate effect. In all likelihood any cessation of the cljurches activities would most likely be foreseen and planned well in advance so that all of the churclies financial obligations were mot. 6. PLANS FOR FUTURE PERIODS Duri ng the comi r)g year the PCC intend to.. Implement the vision for the Parish. Implement the new strLlCtures required to deliver the Vision. Increase and improve the usage of tlie Upper Room by church and outside groups to enhaiice tlie church'5 ministry, following the exteiided period of lo¢kdowi). Continue working towards being carbon neutral by 2030. Engage willi wider church Issues including Living In Love and Faith aiid clergy wel Ibeing ContinLie to investigate additional ways of increasing funds evailable to eiiable us to continue what we feel God is calling LJS to do Support the TrLlStees of the Vpper Room Indéperbdent Examlner A rÈsolution to reappoint Eric Langer of Langer & Co as independent examiner to the PCC will be proposed at the Annual Parish Council Meeting on 26 Nay 2021. Approved by the PCC on and slgned on Its behalf by Rev Dr R S Munro, Rector Z Z l•ry Lo o c( u THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERTI BALANCE SHEET AS AT 31 DECEMBER 2020 2020 2019 st Mary's st Cuthbert's Total Total Note Flxed Assots Tangible Assets 397,127 390,159 787.286 849,242 Investments 1,160 1,160 1.053 398.287 390.159 788.446 850.293 Curront A$$et$ stock 270 270 909 Debtors 18,526 58.581 31,541 Inter-church (686) 686 Short term deposits 20.834 20,834 20.746 Cash at bank and in hand 204.760 66,998 271,758 119,737 Total Current A$sets 265,253 86,210 351,443 172.933 Llabllltlos.. am¢unts falllng du• wlthln one yèar (57,262) 116,023) (73.2851 (35.119) N•t Currènt Ass•is 207.971 70,187 278.158 137,813 Ll4blllt19s: amount$ falllng du• after more than one year (40,1331 Nel A$$¢ts 569,147 460,346 1.029.493 947.976 Funds Unrestrictèd 335,167 359,012 694.179 749,384 Restricted 253.980 101.334 335,314 198.592 Total Funds 569.147 460.546 1,029,493 947,976 Approved by the St Mary's and St Cuthbert's PCC and signed on Its behalf by.. Rev Dr R S Munro, (Ro¢tor) Dale.. 26 May 2021 Mr$ J L Davlds, (Treasurer) 12 THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERT) CASH PLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020 2020 2019 Cash flows from Operaling Actlvltles Net Cash Provided by Operating Activities as shown below 154.891 (49,415) Cash Flows Irom Investing Actlvltles Interest Receivèd 2.751 9.207 Purchase of Property, Plant & Equipment (2.695) (21,229) Purchase of Investments 1,000 Net Cash Provlded by Investlng A¢tlvltle$ 56 (13.022) Cash Flows from Flnanclng Actlvltiès Repayment of Amounts Borrowed (2,839) (2.654) Net Cash Provlded by Flnanclng Actlvltles (2,839) (2.654) A+B+ Overall Cash Provld•d by all Actlvltles 152,108 (65.091) Reconclllatlon of net Incomè to net Cash flow from opetatlng a¢tlvltles Net income as shown in Ilie Statement of Financial Activities Adjustments for Depreciation charges Net unrealised losses orn investment assets C)ividends. interest and rents from investment5 Decrease in stocks 81.517 (107.445) 64,650 (107) (2.751) 640 64,112 (53) (9,207) (27) I ncrease in debtors (27,040) 37,982 15.794 Increase in creditors, excluding loans (12,589) Net cash provlded by operatlng actlvltlo$ 154,891 <49,415) 13 THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERTI CASH FLOW STATEMENT FOR THE YEAR ENDED 31 C+ECEMBER 2020- Contlnu•d 2020 2019 Analysls ol cash and cash equlvalent$ Cash in hand at for the year encled 31 December 2019 292.592 140,483 Total ¢a$h and cash equlvalents 292,592 140.485 Analysls of change In not debt At start of Cash Flows Year 140.483 (2,695) (40.IS2) At End of Year 292,592 (2,838) (37,111) Césli Loans falling due within one year Loans falliiig due 8fter more than one year 152.108 (183) 3.021 Total 160,133 154.946 . 252,643 14 THE PARISH OF CHEADLE ST MARY {INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERT) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 AccovNTINfj POLICIES R•gulatlon and conventlon The accounts have been prepared on the accruals basis, under the liistorical cost convention, and in accordance willi the Financial Reporting Standèrd applicable in the UK and Republic of Ireland (FRS 102) and Accounti ng and Reporting by Charities.. Staterrient of Recommended Practice applicable lo charities preparing their accounts in accordai)ce with the Financial Reporting Standard applicable in the UK and Repiiblic of I reland (FRS 102), Charitie5 SORP(FR5102). as amended by Upd6te Bulletin 2. effective January 2019. The accounts have been prepared in accordaiice with applicable charity law In England this being the Charities Act 2011 and Sl 2008/629 (Charities Accounting and Reporting Regulations) and, pending the making of replacement Regulatior)s specific lo Charities SORP (FRS102) in accordance with Reg.8(4)(d) of Sl 2008/629. the charity trustees have depaitecl froni tlie requiremer)t of Reg.8(5) by following Charities SORP (FRS102) ii)stead of Charities SORP (FRSSE) lo the extent necessary to give a truè and fair view In the circumstance5. The charity constitutes a PLiblic benefit entity as def ined by FRSIO2. Iii preparing the accounts tl)e trLlStees have considered wliether in applying the accounting policies required by FR5102 aiid tho Charities SORP FRS102 a reslateiT)ent of comparative items was needed. No restatemeiits were required. Church groups These accounts only recognise transactions, assets and liabilities for whicli the Parochial Church Coiincil Is rèsponsible In law. This includes tlie activitiÈs of recognised cliurch groups, but they do not include the accolints ol church 9roups tliat owe their main allegiance to any other body nor of tliose that are informal gatherings of chlirch members, Funds Funds are classifiod as unrestricted or restricted. Ljnrestricted flinds are al I tliose funds of the parish that are not subjected to any restrictions regai'ding their use in connection witl) thè gèneral purposes of tlie PCC. Some unrestricted funds are designated for particular purpoges by the PCC, but remain as unrestricted funds for all accountiiig purposos. Reslricled fLinds are those given for specilic purposes of the PCC or for specific external beneficiaries and remitted to tliem. A number of funds exist which are outside the control ol the PCC and so are not Iiicluded in these accounts. Income from endowment5 that can be used k)y the PCC is recognised in these accounts when received. Categorles of Incomo and Income iéeognltlon All income 15 recogiiised once the Parish Council has èntitlement to the income, It Is probable that the income will bè rèceived and the amount ol income receivable cali be measLJred reliably. Iiicorme froin government ar)d other grants. whether capital or revenue, is recognised when the Parish Council has entitlement to the funds, any perforrnance THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERTI conditions attached to the grants have been met, it is probable the inconie will be received and tlie amount can be measured reliably and is noi deferred. NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Legacies are recogni5ed when tlie Parish Council l)as been notified in wriling ol both the amouiit and settlement date. Iiicome from investmen15 15 included in the year in which il Is receivable. Tanglble flxed a$sèt$ Consecrated and beneficed property and Improveiiienls to consecrated property is not included In these accounts in accordance with Section 96(2) (a) of the Charities Act 1993. Itoms of property and otl)er tangible fixèd assets that cost In excess of £1,000 are capitali5ed at cost or at a value attribLJled by the Council when originèlly capitalised Items that cost less than El,000 are written off as an expense when acquired. The building of St CLJthberl's Is not dedicated, but as it is on land given for the use of the church building.. Il has been treated ès a consecratèd bLiilding and so has not been valued or Included in the accounls. However, subsequent improvements to the premises annexed to St Cuthbert's hove been capitalised at cost and will be amortised over their exi)ected useful lives Depreclatlon Provi5ioiI is made on a straight line basis a5 follows'.- Upper Room kitchen 100% In year incurred other short term assets - 20QA per annum Long term assets 5% per annum Taxallon Income tax,. which is by law recoverable by the Parish Council, is recognised on gift aid donations up to the year end although It may not be claimed or received until the next accountiiig period. Recognltlon of Ilabllltlos and expendlture A liability, and the relatred exijenditure, is recogiiised when a legal or constructive obligation exists as a result of a past event, and when it is more likely than not that a transfer of economic benefit5 will be reouired in settlement. and when the amount of the obligation carn be measured or reliably estimated. Costs of raising funds comprise the costs associated with attracting voluiitary Ir)come and the costs of iradiiig for Fundraising purposes. Charitablè expenditure comprises those costs incurred by the cl)arily in the delivery of ils activities and service5 for its beneficiaries. It inclLJdes both costs tl)at can bè directly allocated to such activities and those costs of an indirect nature iieces5èry to Support theim. Flnanclal Instrum•nts Includlhg cash and bank balances Funds classed a5 Fixed Asset Iiivestmeiits are Initially récognised at transaction value and subsequently meèsured at their settlement value at the balance sheet date. Cash held by the cliarity is included at the ainoiiiil actually held and COLlllted at 16 THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERTI the year end. Bank balances, wliether in credit or overdrawn, are shown at the mounts Droperly recoiiciled to the bank statements. 17 THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERTI NOTESTO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 INCOMING RESOURCES 2020 St Mary's 2020 UR Sl Cuthbert's 2020 UR 2020 Donation¥ and Leoa¢ie$ Planned Giving Unplanned giving Grant income 364,768 128.150 13.905 4,001 16,994 Z6.7T3 2.(M)O 111,381 783 604.299 18.689 50,309 39.111 642 5.900 Lega¢*s 37,117 397,667 196,04T 112B06 5,900 F12A14 2b Charitable Activities Fees ¥e¢eived 13.440 27,676 362 13.802 29,683 Cafe 2,007 ouseparly ¢ontiibutlDIIS Intome Irom cliurch activities 4,817 363 5.200 45,933 2,752 48.685 2c Investments Upper Roomlchuicli hire income 2,402 223 2A02 223 Property ReTrtal Bank interest ieceivable IIKrease in value o i￿VestMeNt a¢rouni 69 38 127 107 IOT 1821 38 1859 2d Other Insurance Cl8im 1,508 1,508 1,508 1,508 TOTAL INCOMING RESOLJRCES 447,929 796￿47 115,5 S,￿0 765A66 18 THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERT) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 INCOMING RESOURCES 2019 St Mary's 2019 UR St Cuthbert's 2019 UR 2019 2) DonatSons and Leo8¢ieB Planned Giving Unplanned giving Grant incorne 324,118 24.727 21087 2,535 3.533 ?.48D 427 112,645 3.770 2,1 $4 439,298 32.030 26.721 Legacies 427 370,932 8.975 118,S6g 498A76 2b Charitable Athlvlties Fees received 10.32S 71,685 5.139 621 10,946 74.81È 9,139 Café 3,133 4,000 Houseparty ¢oniiibutions Incornefrom ¢hiirch 21.381 40 2.522 23,943 108.530 40 10,276 118,846 Investmenls Upper Roonvchurch hire income 5,246 3.353 450 5696 Pioperty Renlal eank Interest receiv8ble IDcrea5e in value on investment account 3,353 157 158 53 53 8.809 451 9,260 2d Other Insurance Claim 75 75 75 75 TOTAL INCOMING RESOURCES 488,346 9,015 l 29296 626.657 19 THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERT> NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Cost of Charilable Activities This inclydes activity directly undertaken by the Church together wilh giants and donations paid to other organisatiolls. Missionary giving at Sl Mary's paid out of unresiricted funds was divided between.. Crosslinks, Gospel for Asia. Service of Hope Charily, OMF Internalional, UCCF, Kaiios Media Trust, Bible Encounter Trust, Message Trust, Chrislians in Schools Trust arbd The Church Society and an eleventh part is used to support individual projects al Ihe discrelion of the missionary support group. Out of the monies received we also cover affilialionlsupport fees lo Care for the Family, The Evangelical Alliance. Evangelical Fellowship in the Anglican Communion, The Christian Inslilute. True Freedom Trust and tlie North West Partnership. Restricted gifts have been paid to agencies in accordance with the donorfs wishes. St Culhbert's gives to mission partners in the proportions 60% for oveyseas mission divided equally between CMS. OMF and Dean and Paula Finnie in SDuih Africa- 20% for Home mission support (divided equally between The Message Trust, Chelwood Foodbank Plus, Christians in Schools Trusl, and Bible Encounter Trust., and the retnaining 20*. for the support of other churches and missions in need. st Mary's 2020 UA St Cuihberl's 2020 Totals UR 2020 2019 3a Raising Funds Thanksgiwng Campaign Mortgage Interest 307 307 862 1.458 1,458 1.769 1.765 1,765 1631 All prior year expenditure was unrestricted 20 THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERTI NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 2020 St Mary's 2020 UR St Cuthbert'8 2020 UR 2020 3b Charitable Activities Resources- Maintenance 18,890 39,662 3J68 5,9D7 38.445 11.094 137 63,242 SO.756 4.005 1.567 Resources- Utilities Children and Youth 1.539 28 Evanylisn) (Including 3 Age) 4M14 3.014 372 7.400 share and ministry salaries) Social snd Cornwnunity Worship Mission Finai)ce and AdithSn 165.768 787 5,687 78.902 2SO,357 1,210 9.439 70,890 86,G79 58,373 29 423 5,717 57.582 82,585 39,940 29 1.471 153 1251 13.155 4.094 1,765 Café 16.668 Housep4rly Pasloral 581 4,306 520 5,900 10,787 520 Capital expenditure Oeprecialion Goveman¢e cosis S,059 IABO 9.984 38,026 800 11.581 64,650 2.28D Subtotal 427501 47.738 189Afj4 17A81 681184 TOTAL RESOUREES EXPENDED 429266 47.738 189A64 17.481 683,949 NET INCOMVOUTGOING RESOURCES 18,663 148A03 (73,8681 01.5811 81,517 Included in the above are: Independent Exalninaiion 1,480 800 2,280 Oiherfee5 paid to Independent Examinei 1,4 600 2,090 21 THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERT) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 2019 st Mary's 2019 UR St Cuthbert's 2019 UR 2019 3b Charitable Activities ResOUr￿5- MainiÈnartce Re50ur¢es- uiililies hildren 811d Youth 40,288 41.963 6.651 3.938 4.951 23.615 13,316 150 68.854 65.279 6,801 3.938 Age) Ministry lincluding parish share tnihisiry salaries) Social and Community Worship Mission Finance and Admin Café 13.685 2.495 2,458 18,418 183,744 484 2210 65,521 251.575 2,217 9,544 30,224 104,908 79,125 5.984 1.239 942 i(MJ 263 1,969 12,550 1,955 4620 43.D37 lo7￿63 83.939 2(X) 194 Hou5eparry Pastoral C2Pltal expenditure Depreciation GovÈrnaiitÈ costs 4,263 88 10.247 1.327 942 5.059 9,984 37A88 64.112 iiii 600 Subtolal 529,289 20,497 170.106 11,581 731A73 TOTAL RESOURCES EXPENDED 531,920 20A97 170,106 11,581 734104 NET INCOMEIOiJTGOING RESOURCES 143,574) 111,482) 140,8101 111,5811 0 07,440 Included in the gbovÈ are., Independent Exainination fee Other lees paid to Independent Examiner 1,360 6DO 1.960 130 130 1,4go 2.090 22 THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERTI NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 4a STAFF COSTS St Matys UR St Qjihbert's 2020 UR 2020 S8laries. benefit & pension co$ls Qross Salary Ernployeis natioi)al insuranee 129.716 5.801 27.739 229 18.273 577 175,728 6,607 Employer& pension 3.951 185 495 4.631 Total 139,468 28.153 19.345 186,966 81 Mary's UR St Cuthbeit's 2019 UR 2019 Salaries. benefit & pen5i0n costs Gross Salary Employers national insurance I66￿64 7.520 2,756 240 187,814 651 8,411 Employ￿$ pension 4,d74 484 5.049 Total 178,558 3.087 19.629 201,274 4b siaff Numbers for St Mary's and St Cuthbert's 2020 2019 Full time equivalent stall Inumberl No employee earned in excess of £60,000. The PCC operates a defined contribution pension scheme in lespeet of the staff. The scheme and all its assets are held by independeni managers. The pension charge represents the contributions due from the PCC and amounted to £4,631 12019 £5,049). 23 THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERT) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 5 FIXED ASSETS Freehold land & Freehold land Equiptnenl and & buildings furniture St Cuihberi'$ Sl Mary'5 Equipment and Total fuiniture St Cuthbert's St Marys C09t as ai i .1,2Q 411,959 1.053.045 329,316 SS.180 1.879500. Additions 2.695 14,4121 2,695 14.4121 Disposals Cost as at31.12.20 411.959 1.053.045 329,316 83.463 1.877,783 Depreciation as at 1.1.20 Charge forthe year Di$pos8ls 21.474 622.037 307,631 7.885 79.117 1,030.2S9 64.650 7,158 47,552 2.OSS 14,412 14A121 Deweeiation as at 31.12.20 28.632 669.589 315.516 76,760 1,090,497 Nei book value as at 1.1.20 390,485 431,009 21,685 6,063 849,241 Net book value as at 31.12.20 383227 383A56 13.800 6.703 787,286 6 FIXED ASSEf INVESTMENTS 2020 2019 Market Value at l .1.20 1,053 Additions at Cost Di$pos8ls 4tValue Revaluation 1,000 107 53 Cosl as at 31.12,20 1,160 7.053 Investments 81 Mafket Value CotnpiisÈd 2020 2019 CBFChurth olEngland fu 1,160 1.053 1,160 1.053 24 THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERT) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 7 DEBTORS 2020 30,887 17,645 881 2.844 6,324 2Q19 4.137 18.772 1,612 4,989 2,031 Income tax recoverable Sl Marys Income lax recoverable Sl Cuthberts Prepayments - St Cuihberls Prepayments - Si Marys Other debtors - St Marys 58,581 31,541 INTER CHURCH Owing from St Cuthberl's to St Marys Owing from St Marys lo Si Cuihberl's 1680 686 CREDifoFIS 2020 2019 Accruals St Marys Accruals St Culhbert's PA YEIN I Pensions Deferred Income St Marys Loan 24,809 16,024 1,213 801 27,6C)O 2.838 11,713 16,628 3,249 875 2,655 73.285 35.120 The deferred income relates to giving received in the bank account in December 2020 specified t)y the donors as relating specifically to 2021 giving. 25 THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERTI NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Asai 01.01.20 Incoming Resources Resources Expended Asat 31.12.20 9 FUND BALAMCES Restricted Funds Held by St Marys Donaiioris Iroin Trusts Tr8nslers 1,378 447 120 11.4381 15,3931 13,0001 15651 18fj01 60 Special Collection5 and Donaiions Chilthen and Youth Work ChJr¢h Fabric Upper Room Developi￿e￿I AV Project Legacy Warren avenue 5.370 3.000 424 8,677 1.077 2,594 1.279 8.112 217 1,433 11.2791 16.6021 11.7361 15051 1441 68,725 1.500 62,123 Passi￿ PIÈY Legacy Bells Mission 236 3T,116 44 36.611 PCC Projects CJRS GIÉiiis 125.000 25,153 125.000 125,1 $31 Sub total St Marys 85,677 196.039 147.7361 233,980 Held by St Cuthbert's 4 Culhberl Rd Developmei)I Grants 112,915 IOlJ34 5.900 15,9001 Sub ioial Sl Cuthbert's 112,915 5,900 117,4811 101,334 Total Ae8tricted Funds 198.592 201,939 165,217) 395,314 Unre$trleied Funds Ileld by St Marys Designated Properly Designated Reserve Fund Designated Upppr room DÈsignated church & cliurchyard tseneral 26&798 30.078 339 268,798 130,0781 226 75,313 1,976 11,0741 1428,0781 11,6801 31,758 12,5S9 53.584 447,928 Sub total St Maiys 316,504 447.928 1429,2651 335.167 Held by St Cuthbert's Design8ted- Property Designated- Building E%iension General F￿d 131A53 216.099 85,328 127,7171 135,9711 1125,7781 103.736 180,128 75.148 115,5g5 Sub total 432,880 115.595 1189,4631 JS9,012 Total Lknre$lricted F￿d8 74g J84 563.523 1618,7281 394,179 TOTAL FUNDS 947.976 765,462 1683.9451 1.029,493 26 THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERT) NOTES TOTHE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Purpose of major funds.. Restri¢led funds have been created by gifts made with speeific conditions as to their use, or donations in response to a specific oppeal. Designated funds represenl unrestricted funds that the PCC has chosen to designate for a future purpose, or funds thai have been applied for the purchase of fixed assets and are therefore unable lo be used by the PCC for other purposes. I O FUNDS st Marys st Marys St Cuihbervs UR UR TOTAL 2019 2020 2020 2020 2020 101,934 2020 Fixed assets 850,295 172,983 291.556 97.991 106.732 167,241 288,825 86.211 788.446 351,449 c￿rreTht 3sseis 135.1201 154.380} 140,132} 12.8821 6,0231 C13,2851 LonoTemi liabilitk5 947,946 335,167 233,980 959,012 101.334 ,029,493 I I CoMTINGENf UABILITIES AND COMMITMENTS There arÈ no contingent liabilities or capital commitments. 12 TRUSTS CONNECTED TO THE PARIS Thère are a number of Trusts that have the Rector and Wardens of the Parish of Cheadle as Trustees. The following are the more significant trusts.. a) The Upper Room, Cheadle. (Formerly known as "Cheadle and Gatley Old Church of Enoland School) Charity number 525948. Holds land at I I Wilmslow Road vvhich is used as a church hall by St Mary's. b) Rector and Wardens Cheadle Parish Church Bellringer TrLtsl (Charity number 503942). Holds funds the interest of which is to keep the PaTlSh Churchyard in oood order and repair and to maintain the graves of members of the Bellringer family. c) St. Cuihbert's Old School Trusl. Holds land ai the Old School on Councillor Lane from which Sl Cuthbert's Old School Nursery runs. There are a number of smaller trusts under the control of the Rector and Wardens, the total income of which was less than £1 00 in the year. These are.. Alice Smith ch2flty. R W Woodhall Churchyard Trust account, Peel chancel Trust and A J Bancroft Trust. e) The PCC is the sole beneficiary of the Annie Seddon trust, (Charity number 232751 l. The trustees paid a donatiorb to the PCC of £120 during the year and this has been used for the payment of organists, and musicians, fees. 27 THE PARISH OF CHEADLE ST MARY {INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERT) NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 In addition. there are two Incorporated OrganisatiOTTrS whose business and directors have a personal interest in the Parish.. a) Bible Encounler Trust CIO (Charity number 1179838). As parl of missionary giving the Church donated £5,123 to this Trust. Two PCC members are trustees of this Tiust. b) St. Cuihberl's Old School Nursery Trust. (Charity number 1153838) Runs the St. Cuthbert's Old Sehool Nursery business, with a charilable object of providing nursery education wilh a Christian ethos, and whose directors include the assoeiale minister of St Cuihberl's lex officio), and 2 nominated PCC trusiees. 13 REMUAERATION OF PCC MEMBERS No expenses were paid to PCC members during the year. Some members of the PCC that had purchased goods or services for the use of the Church, as agents ol the church were reimbursed for those costs. Jo Davids was employed a$ Finance Officer and GDPR Administrator during the year. Her appointment as treasurer in 2018 was approved by the Chester Diocese and did not require Charity Commission approval. Josh Tomalin, son of an Associate Minister. was employed by the PCC as Verger and Café Casual Worker during the year. Lesley Gribbin, was employed by ihe PCC as Cafe Shift Supervisor for three months from February to April 2020. The Reclor of Cheadle is paid by CDSF for his services rendered lo the parish al standard C'lergy pay scales. Such remuneration is funded indirectly by the PCC through ihe Parish share. Revd M Newman, Revd s Tomalin and Revd I Chidlow Ire paid a stipend and pension by CDBF. They are also provided with accommodation, payment of Council tax, water charges and buildings insurance. 28 THE PARISH OF CHEADLE ST MARY (INCORPORATING THE CHURCHES OF ST MARY AND ST CUTHBERT) INDEPENDENT EXAMINERS REPORT TO THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MAFiY, CHEADLE I report to the Irustees on my examination of the accounls of The Parochial Church Council of the E¢¢lesiastical Parish of Sl Mary. Cheadle (incorporating the Churches of St Mary and Sl Cuthbert) (PCC) for the year ended 31 December 2020. Respeclive responsibilities of the Trustees and the Independent Examiner As the charity trustees of the Trusl you are responsible for Ihe preparation of the accounts in accordance wilh the requirements of the Charities Act 2011 ('Ihe Act). I report in respect of my examination of the Trust's accounts carried out under section 145 01 the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 14515)(bl of the Act. IndepeF)dent Examiner's Slatement Since the Trust's gross income exceeded £250,000 your examiner musl be a member of a body listed in section 145 of the 2011 Act. I confirm that l am qualilied to undertake Ihe examination because l a member of The Instilule of Chartered Accountants in England and Wales, which is one of the listed bodies. I have completed my examination. I confirm that no material matters have come to my altention in connection with my examination giving me cause lo believe that irb any material respect.. accounting records were not kept in respect of the Trust as required by section 130 of the Act., or 2. the accounts do nol accord with those records,. or 3. the accounts do nol comply with the applicable requirements concerning the form and conient of accounts set out in the Charities (Accoutbts and Reports) Regulations 2008 other than any requirement that the accounts give a 'lrue and fair view, which is not a matler eonsidered as part of an independent examination. I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in ihis report in order to enable proper understanding ol the accounts to be reached. 27 May 2021 Eric Langer BSC FCA Date Independent examiner Chartered Accountant 8-1 O Galley Road Cheadle Cheshire SK81PY 29