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|Penn Fields Parochial|Church|Council||
|---|---|---|---|
|Year ended 31December 2020||||
|INDEX||||
||||PAGES|
|ANNUAL<br>REPORT|||1-3|
|INDEPENDENT<br>EXAMINER'S REPORT||||
|STATEMENT OF FINANCIAL|ACTIVITIES|||
|BALANCE SHEET||||
|NOTES TO THE FINANCIAL|STATEMENTS||7 —14|





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|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<br>and legacies|2(s)||163,530||163,530|248,890|
|Other voluntary<br>incoming|||||||
|resources|2(b)||18,570||18,5?0|27,613|
|Other income from|||||||
|operating<br>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<br>directly relating to|||||||
|work ofthe Church|3(b)||342,892||342,892|242,256|
|Fundraising<br>and publicity|3(c)||11,495||11,495|10,568|
|Church management<br>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<br>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|





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|PENN FIELDS PAROCHIAL<br>CHURCH C<br>BALANCE SHEET|PENN FIELDS PAROCHIAL<br>CHURCH C<br>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|





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|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<br>income|||||||412||412|1,920|
||Contras Restricted|||||||146||146||
||Cafe donation||||||||||2,100|
|||||||||163,530||163,530|248,890|
|2(b)|Other voluntary<br>incoming|||resources||||||||
||Grants||||||||||8,300|
||Donations,<br>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<br>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<br>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|





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||||||||Total|Total|
|---|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Endowment|Funds|Funds|
|||||Funds<br>f|Funds<br>f|Fund<br>F|2020f|2019<br>f|
|3(a)|Grants||||||||
||Missionary<br>and charitable||giving||||||
||-Missionary<br>societies||||2,500||2,500|7,796|
||Other Chadties<br>and societies overseas||||6,435||6,435|9,606|
||||||8,934||8,934|17,402|
|3(b)|Activities<br>directly relating||to the Church||||||
||Ministry:||||||||
||-Diocesan quota||||115,143||115,143|124,985|
||-Clergy Expenses<br>Church<br>running<br>expenses||||3,587<br>23,416||3,587<br>23,416|5,501<br>32,560|
||Church maintenance||||163,707||163,707|35,913|
||Fees to StJosephs<br>& <br>Vicars fees to diocese|StAidans|||10,639||10,639|1,410<br>5,304|
||Office equipment<br>repairs<br>Families and Childrens<br>workers||||1,671<br>24,728||1,671<br>24,728|5,846<br>30,737|
||||||342,892||342,892|242,256|
|3(c)|Costs ofgenerating<br>funds<br>Fund-raising<br>events||||11,495||11,495|10,568|
|3(d)|Church management|and|administration||||||
||External organist fees||||192||192|665|
||Wages<br>Printing,<br>postage and|stationary|||13,744<br>2,252||13,744<br>2,252|27,568<br>2,693|
||Rent|||||||1,720|
||Accountants'<br>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<br>27,299||3,288<br>27,299|48,412|
||TOTAL RESOURCES EXPENDED||||390,620||390„620|318,637|





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|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|||||





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|INVESTMENTS||||
|---|---|---|---|
|||2020f|2019<br>Z|
|Lichfield Diocesan Trust - Mary Grainger|fund|||
|Market value at 1 January 2019||242,702|209,700|
|Unrealised<br>gain/(loss)<br>on investment||14,583|33,002|
|Withdrawal<br>-29September 2020 (see note 9A)||(40,000)||
|Market value at 31December 2020||217,285|242,702|



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||Unrestricted|Restricted|Endowment||
|---|---|---|---|---|
||Fundf|Fund<br>F.|Fund<br>f|Totalf|
|Fixed assets|||217,284|217,284|
|Current assets||89,831|57,592|147,423|
|Current<br>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<br>f|
|Income tax recoverable|||11,453|12,383|
|Prepayments||||143|
|Other Debtors|||52,703|1 616|
||||64,156|14,144|



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|9.|LIABILITIES:AMOUNTS|LIABILITIES:AMOUNTS|LIABILITIES:AMOUNTS|FALLING|DUE WITHIN ONE YEAR|||
|---|---|---|---|---|---|---|---|
|||||||2020f|2019<br>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||



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|ANALYS|IS OF MO|VEMENT<br>ON F|UNDS|||||
|---|---|---|---|---|---|---|---|
||||Balance||||Balance|
||||Brought||||Carried|
||||Forward|Movement|in Funds|Gains and|Forward|
||||01.01.20|income<br>f|Expenditure<br>6|Losses<br>5|31.12.20<br>8|
|St Philip's <br>StAidan's<br>St Philip's|general fund<br>general<br>fund<br> endowment|fund|8,983<br>36,555<br>252,638|52,187<br>21,642<br>7,656|(102,538)<br>(32,227)|14,582|(41,368)<br>26,969<br>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 <br>St Philip's The Hub||and Toddlers|2,848<br>2,683|327<br>463|(1,357)<br>(633)||1,818<br>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|



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|RECONCILIAT|ION<br>OF MOVEMENTS<br>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|





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|INCOMING RESOURCES|Unresticted|Designated|Restricted|Endowment|Total Funds|
|---|---|---|---|---|---|
||Funds|Funds|Funds|Funds|2019|
|||f|6|6|6|
|Donations<br>and legacies|||248,890||248,890|
|Other voluntary<br>incoming|||27,613||27,613|
|resources||||||
|Other income from||||||
|operating<br>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<br>to the work ofthe Church|||242,256||242,256|
|Funderaising<br>and publicity<br>Church management<br>and|||10,568<br>48,412||10,568<br>48,412|
|administration||||||
||||318,638||318,638|
|Net income/(expenditure)|||(7,207)|7,995|788|
|Losses on Investments||||||
|Unrealised||||33,002|33,002|
|Reconciliation<br>offunds:||||||
|Total funds brought<br>forward|||193,750|211,641|405,391|
|Total funds carried forward||||||
|at 31 December 2019|||186,543|252,638|439,181|