Report on Accounts for Year Ending 31 December 2020
Most major differences in 2020 accounts against 2019 are attributable to the Covid-19 pandemic. A further explanation to certain items is given below:-
INCOME
-
Donations
-
Plate collections down £5068
-
Other donations Up £6098
-
Overall increase in voluntary donations/income Up £2722
-
Operating Activities
-
Church Hall – Down £19534 (hall closed most of 2020)
-
Green Lane Hall – Further payment, £1929, relating to 2020 received January 2021
-
48 Selwyn Road Rent – Full Year + Dec 2019 (received 2/1/20)
-
Realisation of investments
-
Trust Fund at Diocese closed - £1986
Overall Annual Income DOWN on 2019 - £17929
EXPENDITURE
-
Charitable Donations – Down £1892
-
General Expenditure
-
Parish Support Fund (Quota) – Full 12 months with no hangover from previous year
-
Vicar/Clergy Expenses – Down £1660
-
Organist & Choir – Down £2605
-
Utilities – Down £339 (expenditure covers Dec 2019, Jan – March, Nov-Dec 2020 when Church was open and utilities most required. Gas/Electricity remained on throughout building closure even if not used)
-
Hall Expenditure – Down £662 (expenditure covers Dec 2019, Jan – March, Nov-Dec 2020 when Hall was open/used and utilities most required. Gas/Electricity/Water turned off when building was closed. Additional cleaning costs incurred though £780 relates to 2019)
-
Maintenance
-
Church & Hall – Down £8424
-
Administration
-
Office wages/costs – Down £6741
Overall Annual Expenditure DOWN on 2019 - £29032
Income v Expenditure for 2020 – UP £6427
- Represented by:o Trust Fund - £1986 o Surplus Income v Expenditure - £4441
Balance Sheet
-
Long Term restricted Legacies de-restricted
-
Income Bonds showing as separate balance
-
Sunday School and Gardening de-restricted
-
Pipe Organ Fund – shows temporary deficit as regular anonymous donor contribution not received until January 2021
| PCCOFSTJAMESMALDEN BALANCESHEETAT 31DECEMBER2O2O |
||
|---|---|---|
| 2020 | 2019 | |
| f | ||
| CURRENTASSETS | ||
| CashandlncomeBonds | 48677 | 42?49 |
| CashatDiocese | 0 | L986 |
| 48677 | 44235 | |
| FUNDS | ||
| H.T.Woolcott Endowment-(no longerrestrictedtllz0l | 0 | 5000 |
| LandSaleTrusts (closed 2020) | 0 | 1986 |
| PSkinnerLegacy-(no longer restrictedLzlz0l | 0 | 10000 |
| lncomeBonds | 10000 | |
| ChurchRestoration(Pennies)(R) | 5390 | 5362 |
| GodlyPlay(R) | 1180 | 1180 |
| MusicFund(R) | s195 | 5195 |
| PipeOrgan(R) | -119 | 84 |
| Piano FundR) | 408 | 408 |
| Christmas Lunch(R) | 7L62 | 1008 |
| GeneralReserve | 25460 | 14011 |
| 48677 | 4423s |
| STATEMENT OF FINANCIALACTIVI Fortheyearended 31 December |
TIES 2020 |
|||||
|---|---|---|---|---|---|---|
| Unrestricted Funds f |
RestrictedEndowmentAgsets Funds Funds €f€ |
TOTAT FUNDS 2O2O |
2019 f |
|||
| Note | ||||||
| INCOMlN6RESOURCES | ||||||
| Fromdonors | 2{a) | 58607 | s8607 | 65024 | ||
| Other voluntary | 2tb) | 26669 | 450 | 27Llg | 17980 | |
| Fromothersources | 2(c) | 35521 | 204 | 35725 | 58348 | |
| FromInvestments | 2(d) | 116 | 176 | 130 | ||
| From Realisationof lnvestment | 2(e) | 1986 | 1986 | 0 | ||
| TOTATINCOMINGRESOURCES | 654 | |||||
| RESOURCES USED | ||||||
| Grants | 3(a) | 1332 | 1332 | 3224 | ||
| Activities directly related | ||||||
| to the work of the church | 3tb) | 97845 | 408 | 98253 | L14229 | |
| HallRefurbishment | 3(c) | 460 | 450 | 1204 | ||
| ChurchMaintenance | 3(c) | 1069 | 1059 | 8862 | ||
| 48 Setwyn Roadrefurbisment | 3(c) | 251 | 25t | 138 | ||
| ChurchAdministration | s(d) | L576L | 1s761 | 22502 | ||
| TOTALRESOURCESUSED | 408 | L17126 | 1461s9 | |||
| NETINCOME/EXPEND]TURE | 246 | 6427 | -4677 |
| together withapplicable accounting standards an 2INCOMINGRESOURCES |
d theSORp 2OO5 | d theSORp 2OO5 | |||
|---|---|---|---|---|---|
| unrestricted Funds ff |
Restricted Funds |
2020 f |
TOTALFUNDS 2079 f |
||
| 2(a)Fromdonors | |||||
| Taxefficient giving(incpayroll andCAF) | 3889 | 38864 | 39605 | ||
| Taxrecovered | 12808 | x2808 | 12535 | ||
| NonGift Aid | 5737 | 5737 | 6618 | ||
| Collections (open plate) | 1198 | 1198 | 6266 | ||
| 58607 | |||||
| 2(b) Othervoluntaryincome | |||||
| Legacies | 0 | 0 | 0 | ||
| Donations-Gift Aided | 18253 | 18263 | 15503 | ||
| Donations-NonGift Aided | 8zto6 | 8406 | 0 | ||
| Alms and Charities | 3s6 | 356 | 1946 | ||
| Sacristy | 94 | 94 | 531 | ||
| 450 | 17980 | ||||
| 2(c)lncomefromoperating activities | -nttg | ||||
| SaleofMagazines | 49 | 49 | 449 | ||
| Fees | 1868 | 1868 | 1053 | ||
| ChurchHall | 8s22 | 8s22 | 28056 | ||
| Xmas Lunch | 250 | 250 | 481 | ||
| ChristmasMarket | 0 | 0 | 0 | ||
| SummerFair | 0 | 0 | 2618 | ||
| Sundries | 233 | 233 | 5202 | ||
| GreenLane Hall | 3150 | 31s0 | 1886 | ||
| 48SelwynRoad- Rent | 21450 | 21450 | 181s0 | ||
| MusicFund | 0 | 0 | |||
| Sunday School | 0 | 0 | 1s9 | ||
| PianoFund | o | 0 | 0 | ||
| PipeOrganFund | 204 | 2U | 293 | ||
| 35521 | 204 | 3s725 | 58348 | ||
| 2(d)lncomefrominvestments | |||||
| IncomeBonds | 112 | L12 | 1,15 | ||
| Land saletrusts | 4 | 4 | 15 | ||
| 116 | ---30 | ||||
| 2(e)lncomefromrealisationofinvestments | -l1d | ||||
| LandSaleTrust | 1986 | 1986 | |||
| 1986 | 1986 | ||||
| TOTAI INCOMINGRESOURCES | 122899 | 123553 | 141482 |
| RESOURCES USED | Unrestricted | Restricted | TOTAL FUNDS | |
|---|---|---|---|---|
| Funds | Funds |
2020 | 2019 | |
| ff | f | t | ||
| 3(a)Grants | ||||
| Missionary and charitable giving | ||||
| Overseas | 0 | 0 | ||
| Home | t332 | 1332 | 3224 | |
| 1?32 | L332 | 3224 | ||
| 3(b)Activitiesdirectlyrelatedto | ||||
| theworkofthechurch | ||||
| DiocesanQuota | 70500 | 70500 | 74793 | |
| VicarExpenses | 726 | 726 | 1667 | |
| Clergy Expenses | 221 | 221 | 940 | |
| Piano Fund | 0 | 70 | ||
| Sacristy | 590 | 590 | 951 | |
| SummerFair | 0 | 0 | 205 | |
| ChristmasMarket | 0 | 0 | 0 | |
| Organist and Choir | 872 | 872 | 3477 | |
| Sunday School | 0 | 0 | 205 | |
| Feesandsubs | 2675 | 2675 | 7420 | |
| MusicFund | 0 | 0 | 542 | |
| OrganFund | 408 | 408 | 1530 | |
| Xmas Lunch | 95 | 95 | 1298 | |
| Utilities | 3977 | 3977 | 4316 | |
| lnsurance | 5628 | 5628 | s61s | |
| MinorRepairs/Cleaning | 1485 | 1485 | 2131 | |
| Gardening | 0 | 0 | 23 | |
| Flowers | 131 | 131 | 328 | |
| Sundries | 1422 | 1422 | 2034 | |
| Hall | 5521 | 5521 | 6183 | |
| 48SelwynRoad-agents management fee | 2574 | 2574 | 2178 | |
| 48SelwynRoad -lnsurarlce | 439 | 439 | 426 | |
| 48 SelwynRoad -minor repairs/maint | 987 | 987 | 499 | |
| 97845 | 408 | 982s3 | tto229 | |
| 3(c)Church, ChurchHalland | ||||
| 48Selwyn RoadRepairs/Maintenance | ||||
| 48SelwynRoad | 251 | 251 | 138 | |
| Hall- maintenance | 460 | 460 | 1204 | |
| Church-maintenance | 1069 | 1069 | 8862 | |
| 1780 | L780 | 70204 | ||
| 3(d)ChurchAdministration | ||||
| Office,printin& stationeryetc | 15302 | 15302 | 27822 | |
| Bank Charges | 459 | 459 | 680 | |
| 75761 | r5767 | 22502 | ||
| TOTATRESOURCES USED | tL67t8 | 408 | tt7t26 | 146158 |