| Penn Fields Parochial | Church | Council | |
|---|---|---|---|
| Year ended 31December 2020 | |||
| INDEX | |||
| PAGES | |||
| ANNUAL REPORT |
1-3 | ||
| INDEPENDENT EXAMINER'S REPORT |
|||
| STATEMENT OF FINANCIAL | ACTIVITIES | ||
| BALANCE SHEET | |||
| NOTES TO THE FINANCIAL | STATEMENTS | 7 —14 |
| STATEMENT OF FINANCIAL ACTI | STATEMENT OF FINANCIAL ACTI | VITIES | ||||
|---|---|---|---|---|---|---|
| Year ended 31 December 2020 | ||||||
| Unrestricted | Restricted | Endowment | Toter Funds | |||
| 2020 | 2019 | |||||
| Note | 8 | a | ||||
| INCOMING RESOURCES | ||||||
| Donations and legacies |
2(s) | 163,530 | 163,530 | 248,890 | ||
| Other voluntary incoming |
||||||
| resources | 2(b) | 18,570 | 18,5?0 | 27,613 | ||
| Other income from | ||||||
| operating activities |
2(c) | 14,698 | 14,698 | 34,928 | ||
| Income from investments | 2(d) | 7,655 | 7,655 | 7,995 | ||
| TOTAL INCOMING RESOURCES | 196,798 | 7,655 | 204,453 | 319,426 | ||
| RESOURCES EXPENDED | ||||||
| Grants | 3(a) | 8,934 | 8,934 | 17,402 | ||
| Activities directly relating to |
||||||
| work ofthe Church | 3(b) | 342,892 | 342,892 | 242,256 | ||
| Fundraising and publicity |
3(c) | 11,495 | 11,495 | 10,568 | ||
| Church management and |
||||||
| administration | 3(&I) | 27,299 | 27,299 | 48,412 | ||
| TOTAL RESOURCES EXPENDED | 390,620 | 390,620 | 318,638 | |||
| NET (OUTGOING)/INCOMING | RESOURCES | (193,821) | 7,655 | (186,166) | 788 | |
| GAINS ON INVESTNIENTS | ||||||
| Unrealised | 14,583 | 14,583 | 33,002 | |||
| NET MOVEMENT IN FUNDS |
(193,821) | 22,238 | (171,583) | 33,790 | ||
| BALANCES BROUGHT FORWARD | ||||||
| AT 1 JANUARY 2020 | 186,543 | 252,638 | 439,181 | 405,391 | ||
| BALANCES CARRIED FORWARD | ||||||
| AT 31 DECEMBER 2020 | (7,278) | 274,876 | 267,598 | 439,181 |
| PENN FIELDS PAROCHIAL CHURCH C BALANCE SHEET |
PENN FIELDS PAROCHIAL CHURCH C BALANCE SHEET |
OUNCI | L | |
|---|---|---|---|---|
| Year ended 31 December 2020 | ||||
| 2020 | 2019 | |||
| Note | ||||
| FIXEDASSETS: | ||||
| Tangible assets | ||||
| Investments | 217,285 | 242,702 | ||
| Debtors | 64,156 | 14,144 | ||
| Cash at bank and in hand | 83,266 | 204,186 | ||
| 147,422 | 218,330 | |||
| LIABILITIES: Amounts | falling due within one year | (37,109) | (21,851) | |
| 110.313 | 196.479 | |||
| LIABILITIES: Amounts | falling due after more than one yea) | 9A | (60,000) | |
| NET CURRENT ASSETS | 50,313 | 196,479 | ||
| TOTAL ASSETSLESS | CURRENT LIABILITIES | 267,598 | 439,181 | |
| NETASSETS | 267,598 | 439,181 | ||
| FUNDS | ||||
| Unrestricted | ||||
| Restricted | (7,278) | 186,543 | ||
| Endowment | 274,876 | 252,638 | ||
| 267,598 | 439,181 |
| 2. | INCOMING RES | OU | RCES | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Total | Funds | |||||||
| Funds | Funds | Fund | 2020 | 2019 | |||||||
| f | t | f | s | ||||||||
| 2(a) | Incoming Resoumes | from donors | |||||||||
| Covenants | 109,378 | 109,378 | 150,432 | ||||||||
| Income tax recoverable | on covenants | 25,202 | 25,202 | 40,446 | |||||||
| Uncovenanted | 4,164 | 4,164 | 9,825 | ||||||||
| Collections (open plate) | at all services | 2,245 | 2,245 | 7,889 | |||||||
| Sundry donations | 21,982 | 21,982 | 36,278 | ||||||||
| Other sundry income |
412 | 412 | 1,920 | ||||||||
| Contras Restricted | 146 | 146 | |||||||||
| Cafe donation | 2,100 | ||||||||||
| 163,530 | 163,530 | 248,890 | |||||||||
| 2(b) | Other voluntary incoming |
resources | |||||||||
| Grants | 8,300 | ||||||||||
| Donations, appeals, |
etc | 11,829 | 11,829 | 2,209 | |||||||
| Fetes, bazaars, other | fundraising | events | 6,741 | 6,741 | 17,104 | ||||||
| 18,570 | 18,570 | 27,613 | |||||||||
| 2(c) | Incoming resources | from operating | activity | ||||||||
| Cafe | 738 | 738 | 4,609 | ||||||||
| Ring Fenced Projects | 1,000 | 1,000 | |||||||||
| Bookstall | 20 | ||||||||||
| Church hall lettings etc |
8,563 | 8,563 | 17,811 | ||||||||
| Fees | 4,397 | 4,397 | 12,488 | ||||||||
| 14,698 | 14,698 | 34,928 | |||||||||
| 2(d) | Income from investments | ||||||||||
| Dividends and interest |
7,655 | 7,655 | 7,995 | ||||||||
| 7,655 | 7,655 | 7,995 | |||||||||
| TOTAL INCOMING | RESOURCES | 196,798 | 7,655 | 204,453 | 319,426 |
| Total | Total | |||||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | Funds | Funds | ||||
| Funds f |
Funds f |
Fund F |
2020f | 2019 f |
||||
| 3(a) | Grants | |||||||
| Missionary and charitable |
giving | |||||||
| -Missionary societies |
2,500 | 2,500 | 7,796 | |||||
| Other Chadties and societies overseas |
6,435 | 6,435 | 9,606 | |||||
| 8,934 | 8,934 | 17,402 | ||||||
| 3(b) | Activities directly relating |
to the Church | ||||||
| Ministry: | ||||||||
| -Diocesan quota | 115,143 | 115,143 | 124,985 | |||||
| -Clergy Expenses Church running expenses |
3,587 23,416 |
3,587 23,416 |
5,501 32,560 |
|||||
| Church maintenance | 163,707 | 163,707 | 35,913 | |||||
| Fees to StJosephs & Vicars fees to diocese |
StAidans | 10,639 | 10,639 | 1,410 5,304 |
||||
| Office equipment repairs Families and Childrens workers |
1,671 24,728 |
1,671 24,728 |
5,846 30,737 |
|||||
| 342,892 | 342,892 | 242,256 | ||||||
| 3(c) | Costs ofgenerating funds Fund-raising events |
11,495 | 11,495 | 10,568 | ||||
| 3(d) | Church management | and | administration | |||||
| External organist fees | 192 | 192 | 665 | |||||
| Wages Printing, postage and |
stationary | 13,744 2,252 |
13,744 2,252 |
27,568 2,693 |
||||
| Rent | 1,720 | |||||||
| Accountants' fees |
1,392 | 1,392 | 1,380 | |||||
| Teaching notes/Bibles | 1,122 | 1,122 | 4,781 | |||||
| Miscellaneous | 5,308 | 5,308 | 9,605 | |||||
| Legal and professional | 3,288 27,299 |
3,288 27,299 |
48,412 | |||||
| TOTAL RESOURCES EXPENDED | 390,620 | 390„620 | 318,637 |
| Yea | r ended 31 December | 20 | 20 | ||
|---|---|---|---|---|---|
| 4. | STAFF COSTS | ||||
| 2020 | 2019 | ||||
| 5 | 5 | ||||
| Wages and salaries | 38,472 | 58,352 | |||
| 5. | FIXEDASSETS | ||||
| Fixtures | |||||
| and fittings | |||||
| F | |||||
| Tangible fixed assets | |||||
| COST | |||||
| At 1 January 2020 (estimated | value) | 48,782 | |||
| Additions | |||||
| At 31 December 2020 | 48,782 | ||||
| DEPRECIATION | |||||
| At 1 January 2020 (20%straight | line) | 48,782 | |||
| Charge | |||||
| At 31 December 2020 | 48,782 | ||||
| NET BOOK VALUE | |||||
| At 31 December 2020 | |||||
| At 31 December 2019 |
| INVESTMENTS | |||
|---|---|---|---|
| 2020f | 2019 Z |
||
| Lichfield Diocesan Trust - Mary Grainger | fund | ||
| Market value at 1 January 2019 | 242,702 | 209,700 | |
| Unrealised gain/(loss) on investment |
14,583 | 33,002 | |
| Withdrawal -29September 2020 (see note 9A) |
(40,000) | ||
| Market value at 31December 2020 | 217,285 | 242,702 |
| Unrestricted | Restricted | Endowment | ||
|---|---|---|---|---|
| Fundf | Fund F. |
Fund f |
Totalf | |
| Fixed assets | 217,284 | 217,284 | ||
| Current assets | 89,831 | 57,592 | 147,423 | |
| Current liabilities |
(37,109) | (37,109) | ||
| Liabilities due after more than one year | (80,000) | (60,000) | ||
| (7,278) | 274,876 | 267,598 | ||
| DEBTORS | ||||
| 2020f | 2019 f |
|||
| Income tax recoverable | 11,453 | 12,383 | ||
| Prepayments | 143 | |||
| Other Debtors | 52,703 | 1 616 | ||
| 64,156 | 14,144 |
| 9. | LIABILITIES:AMOUNTS | LIABILITIES:AMOUNTS | LIABILITIES:AMOUNTS | FALLING | DUE WITHIN ONE YEAR | ||
|---|---|---|---|---|---|---|---|
| 2020f | 2019 f |
||||||
| Accruals | 37,109 | 21,850 | |||||
| Endownment | Fund- Salary Balance | 46 | |||||
| 37,109 | 21,851 | ||||||
| 9A. | LIABILITIES:AMOUNTS | FALLING | DUE MORE THAN ONE YEAR | ||||
| 2020 | 2019 | ||||||
| Loan - development | fund- Mary Grainger | Fund | 40,000 | ||||
| Loans from | members | 20,000 | |||||
| 80,000 |
| ANALYS | IS OF MO | VEMENT ON F |
UNDS | ||||
|---|---|---|---|---|---|---|---|
| Balance | Balance | ||||||
| Brought | Carried | ||||||
| Forward | Movement | in Funds | Gains and | Forward | |||
| 01.01.20 | income f |
Expenditure 6 |
Losses 5 |
31.12.20 8 |
|||
| St Philip's StAidan's St Philip's |
general fund general fund endowment |
fund | 8,983 36,555 252,638 |
52,187 21,642 7,656 |
(102,538) (32,227) |
14,582 | (41,368) 26,969 274,878 |
| St Philip's | development | fund | 101,608 | 46,555 | (164,865) | (16,703) | |
| St Philip's | youth project | 2,032 | 5,879 | (4,653) | 3,258 | ||
| St Philip's | holiday club | 1,317 | 1,317 | ||||
| Busy Bees and Mums St Philip's The Hub |
and Toddlers | 2,848 2,683 |
327 463 |
(1,357) (633) |
1,818 2,513 |
||
| 408,664 | 134,708 | (306,274) | 14,582 | 251,680 | |||
| St.Joseph's DCC | 30,517 | 73,103 | (87,701) | 15,919 | |||
| 439,181 | 207,810 | (393,975) | 14,582 | 287,598 |
| RECONCILIAT | ION OF MOVEMENTS ON AGGREGA |
TED FUNDS | |
|---|---|---|---|
| 2020 | 2019 | ||
| 8 | |||
| Balance brought | forward | 439,181 | 405,391 |
| Excess of income | over expenditure | (186,186) | 789 |
| Gains and losses | 14,583 | 33,002 | |
| Balance carded forward | 267,598 | 439,181 |
| INCOMING RESOURCES | Unresticted | Designated | Restricted | Endowment | Total Funds |
|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | 2019 | |
| f | 6 | 6 | 6 | ||
| Donations and legacies |
248,890 | 248,890 | |||
| Other voluntary incoming |
27,613 | 27,613 | |||
| resources | |||||
| Other income from | |||||
| operating activities |
34,928 | 34,928 | |||
| Income from investments | 7,995 | 7,995 | |||
| Total | 311,431 | 7,995 | 319,426 | ||
| RESOURCES EXPENDED | |||||
| Grants | 17,402 | 17,402 | |||
| Activities directly relating to the work ofthe Church |
242,256 | 242,256 | |||
| Funderaising and publicity Church management and |
10,568 48,412 |
10,568 48,412 |
|||
| administration | |||||
| 318,638 | 318,638 | ||||
| Net income/(expenditure) | (7,207) | 7,995 | 788 | ||
| Losses on Investments | |||||
| Unrealised | 33,002 | 33,002 | |||
| Reconciliation offunds: |
|||||
| Total funds brought forward |
193,750 | 211,641 | 405,391 | ||
| Total funds carried forward | |||||
| at 31 December 2019 | 186,543 | 252,638 | 439,181 |