## **PARISH OF ST PHILIP AND ST JAMES, LECKHAMPTON WITH ST CHRISTOPHER’S, WARDEN HILL ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL FOR THE YEAR ENDED 31[ST] DECEMBER 2020 CHARITY NUMBER 1134837** ## **Administrative information** Parish of St Philip and St James, Leckhampton with St Christopher’s, Warden Hill is situated in Cheltenham. It is comprised of the church of St Philip and St James, Leckhampton together with its daughter church St Christopher’s, Warden Hill. It is part of the Diocese of Gloucester within the Church of England. The correspondence addresses are as follows: St Philip and St James Church, Grafton Road, Cheltenham, GL50 2DD (www.pipandjims.org.uk). St Christopher’s Church, 1 Lincoln Avenue, Warden Hill, Cheltenham, GL51 3DD – (www.tciwh.org.uk) The names of the current trustees of the PCC are disclosed on the Charity Commission website. ## **Structure, governance and management** St Christopher’s, Warden Hill was built as a daughter church to St Philip and St James, Leckhampton in 1961. Each church has its own independent Church Council with the combined Parochial Church Council of the parish being made up of the members of each of the Church Councils. In 2010 St Christopher’s became part of a local ecumenical partnership (LEP) with the United Reform Church of Warden Hill. As a result of this there is now one set of accounts prepared with combines the financial resources and liabilities of the total LEP (The Church in Warden Hill). The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. ## **Objectives and Activities** St Philip and St James, Leckhampton with St Christopher’s, Warden Hill PCC has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the properties owned by the churches. ## **Achievements and Performance** The achievements and performance of the two churches are set out in the individual reports prepared for each church’s AGM. These are available from the correspondence addresses above. ## **Financial Review** The two churches within the parish operate their finances independently from one another. Each church adopts its own accounts at its individual AGM and these individual accounts are adopted at the PCC AGM. ## St Philip and St James excluding Youth Work For the 2020 financial year the net funds available to the Church decreased by £904k, primarily reflecting the £879k reduction in funds as a result of the re-ordering project. Excluding non-recurring items expenses exceeded income by £24k, incorporating a negative impact on giving as a result of the Covid pandemic. The Church is actively looking to improve its on-going financial position through discussions with potential users of re-ordered space to replace rental income lost through the sale of Church House. Total assets were in excess of liabilities by £1,037k. In terms of this balance there was £87k invested in CCLA investment funds, £872k in current or deposit cash accounts and £50k of fixed assets (prepaid amounts for new church furnishings) with the remainder of the net assets consisting of gift aid debtors, loan liabilities and sundry liabilities. Unrestricted liquid net assets at the year-end were £911k. More information on the Church’s income and expenditure is provided in the accounts document that is made available for the AGM. ## South Cheltenham Youth Work For the 2020 financial year income exceeded expenditure by £4k. Youth work cash held and other related assets and liabilities at the end of 2020 totalled £52k. ## The Church in Warden Hill The accounts presented are the consolidated LEP accounts and are prepared on a receipts and payments basis. During the year there was a deficit of income over expenditure of £9k. The overall financial position remains healthy with total assets in excess of liabilities amounting to £44k. ## **Reserves policy** ## St Philip and St James, Leckhampton It is Church Council policy to maintain a balance on unrestricted funds (if possible), which covers: - Three months running costs for the church and Church House. - Two months salary costs. - An amount for likely building works at the next quinquennial inspection and for on-going care and maintenance of the church. - An amount to cover emergency building work. - A budget for future refurbishment projects. - A budget for mission projects e.g. Youth work. At the end of 2019 there were actual unrestricted reserves of £1,037k of which £911k were considered liquid. ## The Church in Warden Hill It is Church Council policy to maintain a balance on unrestricted funds (if possible), which equates to approximately six months unrestricted payments, to cover emergency situations that may arise from time to time. The balance as at 31 December was £16k. ## **Future outlook** The two churches will continue to pursue a wide range of activities to fulfil the mission of the church. ## **Year end 31 December 2020 accounts for:** - **a) The Church of St Philip and St James, Leckhampton excluding the Church in Warden Hill (pages 2-14)** - **b) The Church in Warden Hill (pages 15-18)** **Whilst both churches are part of the same parish their finances are run completely separately and their accounts are subject to the approval of the separate church councils. As such the accounts are presented separately in this document and are subject to separate independent examinations.** **The Church in Warden Hill is a Local Ecumenical Partnership between the Church of England and the United Reformed Church.** 1 ## **Parish of St Philip and St James, Leckhampton Accounts review for year ended 31 December 2020** The income and expenditure in respect of the South Cheltenham team ministry youth work are included in these accounts but shown separately from the standalone results of St Philip and St James. ## Net movement in funds |**£k**|**2020**|**2019**|**2018**| |---|---|---|---| |Incoming resources excluding major one-off items|135|161|159| |Resources expended excluding major one-off items|(159)|(188)|(180)| |**Movement in funds excluding non-recurring items**|**(24)**|**(19)**|**(31)**| |Legacies|1|15|0| |Church re-ordering income|447|142|76| |Church re-ordering expenditure|(1,326)|(95)|(42)| |Additional insurance costs relating to contractors|(6)|0|0| |Expenses related to sale of Church House|0|(32)|0| |Church House income less running costs|0|(4)|(2)| |Investment gains / (losses)|4|13|(6)| |Change in valuation of Church House from £1,500k to
£1,675k|0|0|175| |**Net movement in funds P&J only**|**(904)**|**20**|**170**| |Youth work incoming resources|24|23|22| |Youth work resources expended|(20)|(18)|(9)| |**Youth work net movement in funds**|**4**|**5**|**13**| |**Net movement in funds including youth work**|**(900)**|**25**|**183**| - Before major one-off items there was a deficit for P&J excluding youth work of £24k arising in the year. This reflects the impact of the Covid restrictions on the church’s income which have not been fully offset through reductions in expenditure. - The Church is actively looking to improve its on-going financial position through discussions with potential users of re-ordered space to replace rental income lost through the sale of Church House. ## Balance sheet ||**£k**|**2020**|**2019**|**2018**| |---|---|---|---|---| ||P& J balance sheet|||| ||Fixed assets–revalued Church House|0|0|1,675| ||Fixed assets–other|50|2|2| ||Investment assets–fixed interest funds|53|50|109| ||Investment assets–share funds|34|32|49| ||Other debtors (gift aid recoverable and prepayments)|34|37|22| ||Cash deposit account|734|1,803|36| ||Current account|138|19|40| ||Loan liability (interest free, repayable 2025)|(5)|0|0| ||Liabilities|(2)|(3)|(13)| ||**P&J net assets**|**1,037**|**1,940**|**1,920**| ||_Of which liquid unrestricted net assets_|_911_|_1,813_|_187_| ||Youth work balance sheet|||| ||Other debtors (gift aid recoverable)|2|2|2| ||Current account|52|48|42| ||Liabilities|(2)|(2)|0| ||**Youth work net assets**|**52**|**48**|**44**| ||**Total net assets including youth work**|**1,088**|**1,988**|**1,964**| ||_Of which restricted_|_109_|_143_|_91_| ||_Of which unrestricted and designated_|_979_|_1,845_|_1,873_| - The reduction in P&J nets assets primarily reflects the £879k excess of expenditure over income in relation to the re-ordering project. 2 - The amounts invested in investment assets will be reduced to c£50k during 2021 to align with the Church’s reserve policy. - Fixed assets other includes the capitalisation of advanced payments in respect of reordering furniture (£44k) and the portable organ (£5k). - The loan liability reflects a loan from a member of the congregation to help with reordering expenses. It is interest free with the principal being repayable in 5 years time. ## Restricted and designated funds |**£k**|**2020**|**2019**| |---|---|---| |Choral tradition|10|10| |Church re-ordering–main|10|84| |Church re-ordering–music (portable organ)|15|-| |Church re-ordering–furnishings|17|-| |Church re-ordering–hospitality|4|-| |Balfour|1|1| |Youth work|52|48| |**Total restricted funds**|**109**|**143**| - Balance of Church re-ordering – main reflects £10k grant received in respect of Community engagement officer, not spent as at 31/12/2020. - £15k balance of Church re-ordering – music reflects cumulative donations less £5k payment in respect of organ. - £17k balance of Church re-ordering – furnishings reflects giving for vestments / altar frontal not spent as at 31/12/2020. - In addition, the Church has designated funds of £5k in relation to the Church re-ordering music, and £4k in relation to support to St Andrew’s Ramallah. ## **INCOMING RESOURCES P&J EXCLUDING YOUTH WORK** ## 1. Voluntary Income |**£k**|**2020**|**2019**| |---|---|---| |Parish Giving Scheme|80|79| |Income tax recoverable on Parish Giving Scheme|18|19| |Other planned giving|7|11| |Other giving|2|7| |Income tax recoverable on other giving|4|5| |Collections (open plate)|1|5| |Sundry donations (including coffee)|1|3| |Grants (Acton Trust 74%)|4|5| |Other grants (CBC for livestream kit)|1|0| |Charity collections|6|4| |Legacies (1 unrestricted legacy received in year)|1|15| |**TOTAL**|**125**|**153**| - £6k of charitable collections was for the benefit of St Andrew’s, Ramallah. - PCC has agreed to wind up the Acton Trust charitable fund to generate unrestricted funds of £136k for the Church and £49k for the Church in Warden Hill (figures based on end 2020 position). 2. Church reordering |**£k**|**2020**|**2019**| |---|---|---| |Gift aided donations|72|35| |Non gift aid donations|52|21| |Income tax recoverable on gift aided donations|18|10| |VAT reclaim|158|0| |Grants|136|54| |Other fund raising (Pen & Pew, Auction, Wing walk etc)|11|22| |**TOTAL**|**447**|**142**| 3 **INCOMING RESOURCES P&J EXCLUDING YOUTH WORK (continued)** 3. Investment return |**£k**|**2020**|**2019**| |---|---|---| |Dividends from investment funds|3|5| |Interest on deposit account|7|12| |Gains / (losses) on annual revaluation|4|13| |**TOTAL**|**14**|**30**| - Reduction in dividends reflects the disposal of investment assets undertaken to align with the Church’s reserve policy in 2019. - Reduction in interest reflects the run-down of deposit account balances during the year as a result of the expenditure on the Church re-ordering and a reduction in interest rates. ## **RESOURCES EXPENDED** 1. Charitable giving |**£k**|**2020**|**2019**| |---|---|---| |Support to St Andrew’s, Ramallah (includes £6k from
congregational giving and £4k designated in previous
year)|10|5| |Other charitable giving from collections|0|4| |**TOTAL**|**10**|**9**| 2. Charitable activities - directly relating to the work of the church |**£k**|**2020**|**2019**| |---|---|---| |Parish Share|92|92| |Contribution to team expenses|2|1| |Clergy expenses|2|6| |Church running expenses|16|17| |Additional insurance costs relating to contractors|6|0| |Upkeep of services (includes Musical Director salary)|9|14| |Church maintenance|0|5| |Church House running costs|0|4| |Depreciation of furnishings|1|1| |Parish Office costs (includes Parish Administrator
salary)|13|17| |Parish Office rental during re-ordering|5|6| |Other salaries|0|1| |Support costs relating to activity of church|1|3| |Youth worker contributions / expenses|6|6| |Fees paid to GDBF / choir|1|1| |**TOTAL**|**154**|**174**| 3. Church re-ordering |**£k**|**2020**|**2019**| |---|---|---| |Main contractor (Ken Biggs Contractors Limited)|1,217|0| |Architect fees|47|22| |Other professional fees|29|40| |Fund raising costs|17|33| |Furnishings and fittings (part payment of £15k for
vestments and altar frontal)|15|0| |Other re-ordering costs|1|0| |**TOTAL**|**1,326**|**95**| 4 ## **YOUTH WORK SUMMARY** |**£k**|**2020**|**2019**| |---|---|---| |Parish Giving Scheme donations
Income tax recoverable parish giving scheme
Other giving
Income tax recoverable
P&J contribution
Other PCC contributions
Youth work sundry income|4
1
5
1
6
7
0|5
1
3
1
6
7
0| |**TOTAL YOUTH WORK INCOME**|**24**|**23**| |Payments to Youth for Christ
Other Youth ministry costs|15
5|13
5| |**TOTAL YOUTH WORK EXPENDITURE**|**20**|**18**| |**NET MOVEMENT IN FUNDS**|**4**|**5**| 5 **----- Start of picture text -----**
The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Statement of Financial Activities
For the year ended 31 December 2020
Unrestricted Restricted TOTAL FUNDS
Funds Funds 2020 2019
Note £ £ £ £
INCOMING RESOURCES
Voluntary Income 2(a) 119,322 5,570 124,892 153,235
Church re-ordering 2(b) 0 447,043 447,043 142,181
Income from church activities 2(c) 1,926 0 1,926 6,034
Income from investments 2(d) 9,510 0 9,510 17,113
TOTAL INCOMING RESOURCES 130,758 452,613 583,371 318,563
RESOURCES EXPENDED
Costs of charitable activities 3(a) 158,501 5,661 164,163 182,862
Cost of church reordering 3(b) 851,726 474,337 1,326,063 94,744
Cost of governance and fund raising activities 3(c) 1,587 0 1,587 33,748
TOTAL RESOURCES EXPENDED 1,011,815 479,998 1,491,813 311,354
NET INCOMING/(OUTGOING) RESOURCES (881,057) (27,386) (908,442) 7,210
TRANSFERS BETWEEN FUNDS 10,818 (10,818) 0 0
(LOSSES) / GAINS ON INVESTMENTS 3,916 0 3,916 12,784
NET MOVEMENT IN FUNDS (866,323) (38,204) (904,527) 19,993
BALANCES BFWD AT START OF YEAR
ST P&J EXCLUDING YOUTH WORK 1,845,364 94,874 1,940,238 1,920,245
BALANCES CFWD AT END OF YEAR
ST P&J EXCLUDING YOUTH WORK 979,041 56,671 1,035,712 1,940,238
South Cheltenham Youth Work
TOTAL INCOMING RESOURCES 3(d) 0 24,346 24,346 22,644
TOTAL RESOURCES EXPENDED 3(d) 0 20,103 20,103 17,744
NET MOVEMENT IN FUNDS 3(d) 0 4,243 4,243 4,900
BALANCES BFWD AT START OF YEAR
ST P&J INCLUDING YOUTH WORK 1,845,364 143,145 1,988,509 1,963,616
BALANCES CFWD AT END OF YEAR
ST P&J INCLUDING YOUTH WORK 979,041 109,184 1,088,225 1,988,509
END OF STATEMENT OF FINANCIAL ACTIVITIES
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6 |**The Church of St Philip and St James, Leckhampton**|**The Church of St Philip and St James, Leckhampton**|**The Church of St Philip and St James, Leckhampton**||| |---|---|---|---|---| |_‘seeing Christ in the world, being Christ in the world’_||||| |**Balance Sheet at 31 December 2020**||||| ||Note|2020||2019| |FIXED ASSETS||£||£| |Tangible fixed assets - other|5(a)|49,913||1,806| |Investment assets|5(b)|87,218||81,580| |CURRENT ASSETS||137,130||83,386| |Debtors and prepayments|7|33,618||36,932| |Short term deposits||734,175||1,803,391| |Cash at bank||137,635||19,399| |LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR||905,427||1,859,722| |Current liabilities|8|(1,845)||(2,869)| |NET CURRENT ASSETS||903,581||1,856,853| |LIABILITIES: AMOUNTS FALLING DUE AFTER ONE YEAR||||| |Loan liabilities|8|(5,000)||0| |**NET ASSETS ST PHILIP AND ST JAMES ONLY**||**1,035,712**||**1,940,238**| |Youth work bank account||52,398||47,631| |Youth work debtors|7|1,645||2,553| |Youth work liabilities|8|(1,530)||(1,914)| |**NET ASSETS INCLUDING YOUTH WORK**||**1,088,225**||**1,988,509**| |**FUNDS ST PHILIP AND ST JAMES ONLY**|6|||| |Unrestricted - non-revaluation reserves||979,041||1,845,364| |Restricted||56,671||94,874| |||1,035,712||1,940,238| |**FUNDS INCLUDING YOUTH WORK**|6|||| |Unrestricted - non-revaluation reserves||979,041||1,845,364| |Restricted||109,184||143,145| |||1,088,225||1,988,509| |**_Approved by the Church Council and signed on their behalf:_**|||Dated:|| ||||Dated:|| |**ENDOF BALANCE SHEET**||||| 7 ## **The Church of St Philip and St James, Leckhampton** _‘seeing Christ in the world, being Christ in the world’_ ## **Notes to the Financial Statements** ## **For the year ended 31 December 2020** - **1 ACCOUNTING POLICIES** ## **Basis of preparation** The financial statements have been prepared in accordance with the Financial Reporting Standard for Smaller Entities ("FRSSE") and the Charities Statement of Recommended Practice ("SORP") applicable to charities applying the FRSSE. The financial statements have been prepared under the historical cost convention except for the valuation of investments (which are shown at market value) and the revaluation of property tangible fixed assets. The PCC is part of the South Cheltenham Team ministry. Youth work ministry is provided to all PCCs in the team through a relationship with Youth for Christ. The income and expenditure and assets and liabilities in relation to South Cheltenham youth work are incorporated into these accounts but shown separately from the the other balances of the PCC. ## **Incoming resources - Voluntary income** Collections are recognized when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognized only when received. Income tax recoverable on Gift Aid donations is recognized when the income is recognized. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. Funds raised by fete, garden parties and similar events are accounted for gross. Any sales of books and magazines from the church bookstall will be accounted for gross if they occur. **Incoming resources - Activities for generating funds** Rental income from the letting of church premises is recognized when the rental is due. **Incoming resources - Income from investments** Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. **Resources expended - Activities directly relating to the work of the Church** The diocesan parish share is accounted for when paid. Any parish share unpaid at 31 December would be provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet. **Gains and losses on investments** Realized gains or losses are recognized when investments are sold. Unrealized gains or losses are accounted for on revaluation of investments at 31 December. **Fixed assets - Other fixtures, fittings and office equipment** Other tangible fixed assets are valued at their historic cost less an allowance for depreciation. Depreciation is charged on a straight line basis over the useful economic lifetime of the asset. **Fixed Assets - Investments** Investments are valued at bid market value at 31 December. **Current assets** Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible. 8 **----- Start of picture text -----**
The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Notes to the Financial Statements (Continued)
For the year ended 31 December 2020
2 INCOMING RESOURCES
Unrestricted Restricted Endowment TOTAL FUNDS
funds Funds Funds 2020 2019
£ £ £ £ £
2(a) Voluntary Income
Planned giving:
PGS gift aid donations 73,979 0 0 73,979 75,692
PGS non gift aid donations 5,645 0 0 5,645 3,597
PGS tax recoverable 18,495 0 0 18,495 18,923
Standing order gift aid donations 5,307 0 0 5,307 5,215
Standing order non gift aid donations 1,215 0 0 1,215 2,105
Regular envelopes 816 0 0 816 2,570
Other planned giving 0 0 0 0 1,500
Occasional envelopes 1,498 0 0 1,498 7,232
Other income tax recoverable 3,897 0 0 3,897 4,859
Collections (open plate) at all services 817 0 0 817 4,573
Coffee donations 181 0 0 181 957
Sundry donations 1,117 0 0 1,117 2,252
Acton House grant - recurring 4,151 0 0 4,151 5,155
Other grant - audio visual 1,206 0 0 1,206 0
Charity collections 0 5,570 0 5,570 3,605
Legacies 1,000 0 0 1,000 15,000
119,322 5,570 0 124,892 153,235
The recurring grant is from the Acton Trust, a connected charity of which St Philip & St James PCC is the managing trustee.
Its income is for the purpose of "furthering the religious and other charitable works" of the PCC.
2(b) Church re-ordering
Gift aid donations 0 72,199 0 72,199 41,454
Non gift aid donations 0 51,863 0 51,863 15,625
Grants - non-recurring 0 135,694 0 135,694 53,500
VAT reclaim 0 158,440 0 158,440 0
Other income 0 10,542 0 10,542 21,938
Gift aid recoverable 0 18,304 0 18,304 9,664
0 447,043 0 447,043 142,181
2(c) Income from church activities
Fees 1,926 0 0 1,926 4,254
Other 0 0 0 0 1,780
1,926 0 0 1,926 6,034
2(d) Income from investments
Dividends from investment funds 2,667 0 0 2,667 5,399
Interest from cash deposit funds 6,843 0 0 6,843 11,714
9,510 0 0 9,510 17,113
TOTAL INCOMING RESOURCES 130,758 452,613 0 583,371 318,563
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The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Notes to the Financial Statements (Continued)
For the year ended 31 December 2020
3 RESOURCES EXPENDED
Unrestricted Restricted Endowment TOTAL FUNDS
Funds Funds Funds 2020 2019
£ £ £ £ £
3(a) Cost of Charitable activities
Charitable giving:
Charitable giving out of planned income 0 0 0 0 125
Support to St Andrew's, Ramallah 4,230 5,570 0 9,800 4,885
Other charitable giving 125 0 0 125 3,605
4,355 5,570 0 9,925 8,615
Activities directly relating to the work of the Church:
Contribution to team parish share 92,406 0 0 92,406 92,412
Contribution to team expenses 1,722 0 0 1,722 1,287
Incumbent expenses 1,758 0 0 1,758 1,688
Other staff expenses 642 91 0 733 3,978
Church - running expenses 16,405 0 0 16,405 17,051
Additional insurance cost due to contractors 6,227 0 0 6,227 0
Upkeep of services 9,127 0 0 9,127 13,765
Church - maintenance (387) 0 0 (387) 5,264
Church House running costs 0 0 0 0 4,340
Depreciation of furnishings or equipment 601.85 0 0 602 602
Salaries/wages/honoraria 288 0 0 288 412
Parish office costs 18,613 0 0 18,613 23,156
Youth worker funding and expenses 5,640 0 0 5,640 5,645
Church activity support 671 0 0 671 3,129
Element of fees paid to GDBF/ choir 434 0 0 434 1,519
154,147 91 0 154,238 174,246
Total Charitable activities 158,501 5,661 0 164,163 182,862
Upkeep of services includes salary paid to Musical Director and parish office costs include salary paid to parish administrator.
3(b) Church re-ordering
Architects fees 0 46,620 0 46,620 22,500
Other professional fees 0 29,440 0 29,440 39,545
Main contractor 851,726 365,656 0 1,217,382 0
Fund raising costs 0 16,562 0 16,562 32,798
Fitting out costs 0 15,299 0 15,299 0
Other re-ordering costs 0 760 0 760 (99)
851,726 474,337 0 1,326,063 94,744
3(c) Cost of governance and fund raising activities
Administration & stewardship costs 1,587 0 0 1,587 941
Costs associated with sale of Church House 0 0 0 0 32,235
Other (printing, stationery, bank charges etc) 0 0 0 0 571
1,587 0 0 1,587 33,748
The independent examiner provides their services free of charge.
TOTAL RESOURCES EXPENDED 1,011,815 479,998 0 1,491,813 311,354
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The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Notes to the Financial Statements (Continued)
For the year ended 31 December 2020
3 (d) Youth work
Unrestricted Restricted Endowment TOTAL FUNDS
Funds Funds Funds 2020 2019
£ £ £ £ £
Income
PGS gift aided donations 0 4,471 0 4,471 4,987
PGS non gift aided donations 0 132 0 132 59
PGS Income tax recoverable 0 1,109 0 1,109 1,247
Non PGS donations 3,222 0 3,222 3,307
Other income 2,020 0 2,020 0
Income tax recoverable 0 1,032 0 1,032 683
St P&J contribution 0 5,640 0 5,640 5,645
Other PCC contributions 0 6,720 0 6,720 6,716
TOTAL INCOMING RESOURCES 0 24,346 0 24,346 22,644
Expenditure
Youth ministry staff costs 0 15,445 0 15,445 13,483
Other youth ministry costs 0 4,658 0 4,658 4,261
TOTAL RESOURCES EXPENDED 0 20,103 0 20,103 17,744
NET MOVEMENT IN FUNDS 0 4,243 0 4,243 4,900
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The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Notes to the Financial Statements (Continued)
For the year ended 31 December 2020
4(a) STAFF COSTS P&J 2020 2019
Net Wages & salaries 20,282 26,877
Pension costs 1,424 1,177
Income tax and NI to HMRC 2,060 3,586
Less contributions from other Parishes (6,691)6,691),691)691)91)1)) (8,783)8,783),783)783))
17,076,076076 22,857,857857
The number of staff employed at 31 December 2020 was 2 (2019: 2). The average number of staff employed in the year was 2.
The staff employed at 31 December 2020 comprised a parish administrator and a part -time musical director.
There are no staff who received emoluments of more than £60,000 excluding pension contributions in the period (2019: no staff).
In addition to services provided by employees the Church also relies significantly on services provided by unpaid general volunteers
who support the worship and other activities of the Church.
No members of the Church Council have been paid any remuneration of received any other benefits from employment with the Church.
During the year 3 Church Council members have been reimbursed total expenses of £1,129 which were properly incurred supporting the
activity of the Church. This excludes expenses paid to clergy in relation to the performance of their duties.
There have been no transactions with related parties during the reporting period.
5 FIXED ASSETS FOR USE BY THE COUNCIL
5(a) Tangible fixed assets - fixtures, fittings and equipment
£ £ £ £
Portable Re-ordering Total Fixed
organ Dias furniture furniture Assets
BOOK COST
At 1 January 2020 12,037 0 12,037
Additions 4,649 0 44,060 48,709
At 31 December 2020 4,649,6496499 12,037,037037 44,060,060060 60,746,746746
ACCUMULATED DEPRECIATION
At 1 January 2020 0 10,231 0 10,231
Depreciation in year 0 602 0 602
At 31 December 2020 0 10,833,833833 0 10,833,833833
NET BOOK VALUE
At 31 December 2020 4,649,6496499 1,204,204204 44,060,060060 49,9139,91313
At 31 December 2019 0 1,806,806806 0 1,806,806806
Dais furniture is being depreciated on a straight line basis over its 20 year useful life.
Re-ordering furniture and portable organ reflects the capitalisation of advanced payments for these items.
The furniture / portable organ has yet to be received so no depreciation is provided for in these accounts.portable organ has yet to be received so no depreciation is provided for in these accounts.ortable organ has yet to be received so no depreciation is provided for in these accounts.gan has yet to be received so no depreciation is provided for in these accounts.an has yet to be received so no depreciation is provided for in these accounts.yet to be received so no depreciation is provided for in these accounts.et to be received so no depreciation is provided for in these accounts.preciation is provided for in these accounts.reciation is provided for in these accounts.provided for in these accounts.rovided for in these accounts.
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The Church of St Philip and St James, Leckhampton
‘seeing Christ in the world, being Christ in the world’
Notes to the Financial Statements (Continued)
For the year ended 31 December 2020
4(a) STAFF COSTS P&J 2020 2019
Net Wages & salaries 20,282 26,877
Pension costs 1,424 1,177
Income tax and NI to HMRC 2,060 3,586
Less contributions from other Parishes (6,691)6,691),691)691)91)1)) (8,783)8,783),783)783))
17,076,076076 22,857,857857
The number of staff employed at 31 December 2020 was 2 (2019: 2). The average number of staff employed in the year was 2.
The staff employed at 31 December 2020 comprised a parish administrator and a part -time musical director.
There are no staff who received emoluments of more than £60,000 excluding pension contributions in the period (2019: no staff).
In addition to services provided by employees the Church also relies significantly on services provided by unpaid general volunteers
who support the worship and other activities of the Church.
No members of the Church Council have been paid any remuneration of received any other benefits from employment with the Church.
During the year 3 Church Council members have been reimbursed total expenses of £1,129 which were properly incurred supporting the
activity of the Church. This excludes expenses paid to clergy in relation to the performance of their duties.
There have been no transactions with related parties during the reporting period.
5 FIXED ASSETS FOR USE BY THE COUNCIL
5(a) Tangible fixed assets - fixtures, fittings and equipment
£ £ £ £
Portable Re-ordering Total Fixed
organ Dias furniture furniture Assets
BOOK COST
At 1 January 2020 12,037 0 12,037
Additions 4,649 0 44,060 48,709
At 31 December 2020 4,649,6496499 12,037,037037 44,060,060060 60,746,746746
ACCUMULATED DEPRECIATION
At 1 January 2020 0 10,231 0 10,231
Depreciation in year 0 602 0 602
At 31 December 2020 0 10,833,833833 0 10,833,833833
NET BOOK VALUE
At 31 December 2020 4,649,6496499 1,204,204204 44,060,060060 49,9139,91313
At 31 December 2019 0 1,806,806806 0 1,806,806806
Dais furniture is being depreciated on a straight line basis over its 20 year useful life.
Re-ordering furniture and portable organ reflects the capitalisation of advanced payments for these items.
The furniture / portable organ has yet to be received so no depreciation is provided for in these accounts.portable organ has yet to be received so no depreciation is provided for in these accounts.ortable organ has yet to be received so no depreciation is provided for in these accounts.gan has yet to be received so no depreciation is provided for in these accounts.an has yet to be received so no depreciation is provided for in these accounts.yet to be received so no depreciation is provided for in these accounts.et to be received so no depreciation is provided for in these accounts.preciation is provided for in these accounts.reciation is provided for in these accounts.provided for in these accounts.rovided for in these accounts.
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12 ||| |---|---| |**The Church of St Philip and St James, Leckhampton**
_‘seeing Christ in the world, being Christ in the world’_
**Notes to the Financial Statements (Continued)**
**For the year ended 31 December 2020**
5(b)
_Investment fixed assets_
Movements in the year:
Market value - 1 January 2020
Purchases at cost, less disposals at carrying value
Net gains / (losses) on annual revaluation
Market value - 31 December 2020
Holdings at 31 December 2020: 31,668.69 (2019: 30,649.97) shares in the CBF Church of England Fix
1,645.75 (2019 : 1645.75 shares) in the CBF Church of England I
**6**
**ANALYSIS OF NET ASSETS BY FUND**
Unrestricted
Funds
£
Fixed Assets for Church Use
49,913
Investment Fixed Assets
87,218
Current Assets
843,756
Liabilities
(1,845)
**Fund balance P&J only**
979,041
Youth work current assets
0
Youth work current liabilities
0
**Fund balance P&J including youth work**
979,041
The restricted funds comprise:
SCC Youth
Work
Choral
tradition
£
£
Opening at 1 January 2020
48,271
10,000
Incoming resources
24,346
0
Transfers between funds
0
0
Resources expended
(20,103)
0
Closing at 31 December 2020
52,513
10,000
Sub total from
above
Main
reordering
£
£
Opening at 1 January 2020
59,286
80,896
Incoming resources
29,916
394,247
Transfers between funds
0
(20,416)
Resources expended
(25,764)
(444,757)
Closing at 31 December 2020
63,438
9,970
Sub total from
above
Reordering
furnishings
Opening at 1 January 2020
142,957
63
Incoming resources
439,319
18,490
Transfers between funds
(20,416)
14,247
Resources expended
(484,802)
(15,299)
Closing at 31 December 2020
77,057
17,500
Balance remaining on main re-ordering fund reflects grant received for Community Engagement off
Balance remaining on re-ordering furnishings reflects donations for vestments / altar frontal which
Balance remaining on re-ordering music primarily reflects donations for new organ which have not
Transfers between re-ordering funds reflect corrections of the the previous allocation of giving to t
Net transfer of £10,818 from restricted to unrestricted funds reflects capitalisation of re-ordering fu
re-ordering giving.
**7**
**DEBTORS**
Income Tax recoverable P&J
Prepayments (Church Gas)
Debtors P&J only
Income Tax recoverable youth work
Debtors P&J including youth work
**8**
**LIABILITIES**
Loan for re-ordering
Accruals
P&J only
Accruals youth work
P&J including youth work
Loan of £5000 for re-ordering is interest free with the principal being repayable in 2025.|**£**
**£**
**£**
Investment
Fund
Fixed Interest
Fund
Total
Investments
31,477
50,104
81,580
0
1,722
1,722
2,174
1,742
3,916
33,650
53,568
87,218
ed Interest Securities Fund
nvestment Fund
Restricted
Endowment
Funds
Funds
Total
£
£
£
0
0
49,913
0
0
87,218
61,671
0
905,427
(5,000)
0
(6,845)
56,671
0
1,035,712
54,043
0
54,043
(1,530)
0
(1,530)
109,184
0
1,088,225
Charitable
appeals
Balfour
Sub-Total
£
£
£
0
1,015
59,286
5,570
0
29,916
0
0
0
(5,570)
(91)
(25,764)
0
924
63,438
Reordering
Stones
Reordering
hospitality
Sub-Total
£
2,713
63
142,957
11,569
3,587
439,319
0
0
(20,416)
(14,281)
0
(484,802)
0
3,650
77,057
Reordering
families
Reordering
music
Total
63
63
143,145
0
19,150
476,959
0
(4,649)
(10,818)
0
0
(500,101)
63
14,564
109,184
icer, unspent at 31/12/2020.
have not been spent at 31/12/2020.
been spent at 31/12/2020.
he various re-ordering funds.
rniture / portable organ paid for by
**2020**
**2019**
**£**
**£**
30,542
36,932
3,076
0
33,618
36,932
1,645
2,553
35,263
39,485
**2020**
**2019**
**£**
**£**
5,000
0
1,845
2,869
6,845
2,869
1,530
1,914
8,375
4,783| ||| ||| |---|---| |**The Church of St Philip and St James, Leckhampton**
_‘seeing Christ in the world, being Christ in the world’_
**Notes to the Financial Statements (Continued)**
**For the year ended 31 December 2020**
5(b)
_Investment fixed assets_
Movements in the year:
Market value - 1 January 2020
Purchases at cost, less disposals at carrying value
Net gains / (losses) on annual revaluation
Market value - 31 December 2020
Holdings at 31 December 2020: 31,668.69 (2019: 30,649.97) shares in the CBF Church of England Fix
1,645.75 (2019 : 1645.75 shares) in the CBF Church of England I
**6**
**ANALYSIS OF NET ASSETS BY FUND**
Unrestricted
Funds
£
Fixed Assets for Church Use
49,913
Investment Fixed Assets
87,218
Current Assets
843,756
Liabilities
(1,845)
**Fund balance P&J only**
979,041
Youth work current assets
0
Youth work current liabilities
0
**Fund balance P&J including youth work**
979,041
The restricted funds comprise:
SCC Youth
Work
Choral
tradition
£
£
Opening at 1 January 2020
48,271
10,000
Incoming resources
24,346
0
Transfers between funds
0
0
Resources expended
(20,103)
0
Closing at 31 December 2020
52,513
10,000
Sub total from
above
Main
reordering
£
£
Opening at 1 January 2020
59,286
80,896
Incoming resources
29,916
394,247
Transfers between funds
0
(20,416)
Resources expended
(25,764)
(444,757)
Closing at 31 December 2020
63,438
9,970
Sub total from
above
Reordering
furnishings
Opening at 1 January 2020
142,957
63
Incoming resources
439,319
18,490
Transfers between funds
(20,416)
14,247
Resources expended
(484,802)
(15,299)
Closing at 31 December 2020
77,057
17,500
Balance remaining on main re-ordering fund reflects grant received for Community Engagement off
Balance remaining on re-ordering furnishings reflects donations for vestments / altar frontal which
Balance remaining on re-ordering music primarily reflects donations for new organ which have not
Transfers between re-ordering funds reflect corrections of the the previous allocation of giving to t
Net transfer of £10,818 from restricted to unrestricted funds reflects capitalisation of re-ordering fu
re-ordering giving.
**7**
**DEBTORS**
Income Tax recoverable P&J
Prepayments (Church Gas)
Debtors P&J only
Income Tax recoverable youth work
Debtors P&J including youth work
**8**
**LIABILITIES**
Loan for re-ordering
Accruals
P&J only
Accruals youth work
P&J including youth work
Loan of £5000 for re-ordering is interest free with the principal being repayable in 2025.|**£**
**£**
**£**
Investment
Fund
Fixed Interest
Fund
Total
Investments
31,477
50,104
81,580
0
1,722
1,722
2,174
1,742
3,916
33,650
53,568
87,218
ed Interest Securities Fund
nvestment Fund
Restricted
Endowment
Funds
Funds
Total
£
£
£
0
0
49,913
0
0
87,218
61,671
0
905,427
(5,000)
0
(6,845)
56,671
0
1,035,712
54,043
0
54,043
(1,530)
0
(1,530)
109,184
0
1,088,225
Charitable
appeals
Balfour
Sub-Total
£
£
£
0
1,015
59,286
5,570
0
29,916
0
0
0
(5,570)
(91)
(25,764)
0
924
63,438
Reordering
Stones
Reordering
hospitality
Sub-Total
£
2,713
63
142,957
11,569
3,587
439,319
0
0
(20,416)
(14,281)
0
(484,802)
0
3,650
77,057
Reordering
families
Reordering
music
Total
63
63
143,145
0
19,150
476,959
0
(4,649)
(10,818)
0
0
(500,101)
63
14,564
109,184
icer, unspent at 31/12/2020.
have not been spent at 31/12/2020.
been spent at 31/12/2020.
he various re-ordering funds.
rniture / portable organ paid for by
**2020**
**2019**
**£**
**£**
30,542
36,932
3,076
0
33,618
36,932
1,645
2,553
35,263
39,485
**2020**
**2019**
**£**
**£**
5,000
0
1,845
2,869
6,845
2,869
1,530
1,914
8,375
4,783| ||| 13 **----- Start of picture text -----**
The Church of St Philip and St James, Leckhampton
‘sharing God’s love through worship, education and service’
Notes to the Financial Statements (Continued)
For the year ended 31 December 2020
9 CASHFLOW
Cash flow disclosures are required for 2020 as incoming resources in 2020 are greater than £500,000.
9 (a) Cash flow statement 2020 2019
£ £
Net income per Statement of Financial Activities (P&J) (904,527) 19,993
Net income per Statement of Financial Activities (Youth Work) 4,243 4,900
Total net income per Statement of Financial Activities (900,284) 24,893
Adjustments for:
Depreciation charges 602 602
Gains / losses on investment (3,916) (12,784)
Dividends reinvested into investment funds (1,722) (3,912)
Change in gift aid debtors 4,222 (15,240)
Change in accruals (1,408) (8,507)
Net cash flow from operating activities (902,506) (14,947)
Net cash flow from investing activities - purchase of furniture (48,709) 0
Net cash flow from financing activities - new loan 5,000 0
Net cash flow from investing activities - sale of investments 0 92,700
Net cash flow from investing activities - sale of Church House 0 1,675,000
Change in cash and cash equivalents during reporting period (see below) (946,214) 1,752,753
9 (b) Analysis of cash and cash equivalents 2020 2019
£ £
Short term deposits - (P&J) 734,175 1,803,391
Cash at bank - (P&J) 137,635 19,399
Cash at bank - (Youth Work) 52,398 47,631
924,207 1,870,422
Change in cash and cash equivalents during reporting period (see above) (946,214) 1,752,753
END OF DOCUMENT
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14 **----- Start of picture text -----**
The Church in Warden Hill 1
Statement of Financial Activities
For the year ended 31 December 2020
Unrestricted Restricted TOTAL 2020 TOTAL 2019
Note Funds (£) Funds (£) (£) (£)
INCOMING RESOURCES
Incoming resources from donors 1(a) 33,406.51 140.00 33,546.51 35,267.81
Other voluntary incoming resources 1(b) 1,845.85 1,684.65 3,530.50 5,413.65
Incoming resources from operating activities 1(c) 21,208.50 0.00 21,208.50 39,222.59
Income from investment 1(d) 90.80 0.00 90.80 159.56
Other incoming resources 1(e) 9,337.82 0.00 9,337.82 8,000.00
TOTAL INCOMING RESOURCES 65,889.48 1,824.65 67,714.13 88,063.61
RESOURCES EXPENDED
Ministerial costs 2(a) 34,870.13 14.10 34,884.23 38,823.35
Grants and donations 2(b) 4,000.00 875.65 4,875.65 7,237.83
Church running costs 2(c) 31,323.38 3,582.77 34,906.15 49,410.05
Church management and administration 2(d) 2,368.90 0.00 2,368.90 3,434.74
Costs of generating funds 2(e) 0.00 0.00 0.00 144.67
TOTAL RESOURCES EXPENDED 72,562.41 4,472.52 77,034.93 99,050.64
REBALANCING FUNDS -22.44 22.44
NET MOVEMENT IN FUNDS -6,695.37 -2,625.43 -9,320.80 -10,987.03
BALANCES BROUGHT FORWARD AT 1 JANUARY 23,053.43 30,256.38 53,309.81 64,296.84
BALANCES CARRIED FORWARD AT 31 DECEMBER 16,358.06 27,630.95 43,989.01 53,309.81
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15 **----- Start of picture text -----**
The Church in Warden Hill 2
Balance Sheet at 31 December 2020
2020 (£) 2019 (£)
CURRENT ASSETS
Current account @ Co-Operative 20,809.53 31,865.59
Investment account @ CCLA 21,476.81 21,386.01
Cash in hand 67.82 58.21
Debtors 1,845.85 0.00
44,200.01 53,309.81
LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
Creditors 211.00 0.00
NET CURRENT ASSETS 43,989.01 53,309.81
ALLOCATION TO FUNDS
General Fund 16,358.06 23,053.43
Mission Fund 0.00 0.00
Organ Fund 4,591.55 4,591.55
URC 50th anniversary 111.80 2,785.57
Bell Fund 1,555.76 1,515.76
URC Centre Roof 20,000.00 20,000.00
Children's Ministry 0.00 -8.34
Legacies 1,371.84 1,371.84
43,989.01 53,309.81
Note: £22.44 was transferred from the General Fund to the Children’s Ministry Fund to compensate for overspend
These accounts are prepared on the 'receipts and payments' basis and comply with the appropriate legal requirements.
The notes on pages 3 to 4 form part of these accounts.
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16 **----- Start of picture text -----**
The Church in Warden Hill 3
Notes to the Financial Statements
For the year ended 31 December 2020
1 INCOMING RESOURCES Unrestricted Restricted TOTAL 2020 TOTAL 2019
Funds (£) Funds (£) (£) (£)
1(a) Incoming resources from donors
Planned giving 21,612.58 21,612.58 20,677.72
Collections (open plate) at all services 697.34 697.34 2,662.16
Gift Aid tax recovery 8,566.59 8,566.59 4,760.27
Sundry donations 2,530.00 140.00 2,670.00 7,167.66
33,406.51 140.00 33,546.51 35,267.81
1(b) Other voluntary incoming resources
Grants 1,845.85 809.00 2,654.85 1,845.45
Charity appeals 875.65 875.65 3,568.20
1,845.85 1,684.65 3,530.50 5,413.65
1(c) Incoming resources from operating activities
Donations for use of premises 19,241.50 19,241.50 36,180.95
Fees 1,382.00 1,382.00 1,645.00
Fund raising events 0.00 0.00 431.46
Magazine sales and adverts 574.00 574.00 627.00
Cards and books 11.00 11.00 338.18
21,208.50 0.00 21,208.50 39,222.59
1(d) Income from investment
Bank Interest 90.80 90.80 159.56
90.80 0.00 90.80 159.56
1(e) Other incoming resources
Vodafone rental 8,000.00 8,000.00 8,000.00
Furlough relief 1,337.82 1,337.82 0.00
9,337.82 0.00 9,337.82 8,000.00
TOTAL INCOMING RESOURCES 65,889.48 1,824.65 67,714.13 88,063.61
**----- End of picture text -----**
17 **----- Start of picture text -----**
The Church in Warden Hill 4
Notes to the Financial Statements
For the year ended 31 December 2020
2 RESOURCES EXPENDED Unrestricted Restricted TOTAL 2020 TOTAL 2019
Funds (£) Funds (£) (£) (£)
2(a) Ministerial costs
URC levy 8,138.00 8,138.00 10,998.00
C of E parish share 22,752.00 22,752.00 22,752.00
Children's ministry 2,789.25 14.10 2,803.35 3,109.27
Clergy expenses 979.88 979.88 1,239.08
Fees 211.00 211.00 695.00
Other ministry costs 0.00 0.00 30.00
34,870.13 14.10 34,884.23 38,823.35
2(b) Grants and donations
Charities – mission / relief 2,000.00 729.65 2,729.65 4,443.72
Charities – secular 2,000.00 146.00 2,146.00 2,794.11
4,000.00 875.65 4,875.65 7,237.83
2(c) Church running costs
Heat & lighting 7,453.38 7,453.38 12,883.14
Cleaning 461.64 461.64 3,085.84
Gardening 35.00 35.00 135.00
Insurance 2,210.28 2,210.28 2,130.31
Repairs & replacements 4,005.36 4,005.36 9,167.18
Furnishings & equipment 2,791.68 3,582.77 6,374.45 7,585.10
Church supplies 304.26 304.26 930.12
Wages – administrator 1,951.07 1,951.07 1,481.37
Wages – organist & assistant 2,004.00 2,004.00 2,286.00
Wages – cleaners 7,268.89 7,268.89 6,348.18
Honoraria & gifts 860.50 860.50 1,151.39
Books & magazines 17.96 17.96 241.10
Subscriptions & licences 892.41 892.41 1,030.96
Sundry supplies 599.84 599.84 630.10
Celebrations 467.11 467.11 324.26
31,323.38 3,582.77 34,906.15 49,410.05
2(d) Church management and administration
Printing & stationery 371.12 371.12 645.60
Telephone / copier / Internet 1,997.78 1,997.78 2,789.14
Bank Charges 0.00 0.00 0.00
2,368.90 0.00 2,368.90 3,434.74
2(e) Costs of generating funds
Cost of fund raising 0.00 0.00 89.14
Cost of stewardship 0.00 0.00 55.53
0.00 0.00 0.00 144.67
TOTAL RESOURCES EXPENDED 72,562.41 4,472.52 77,034.93 99,050.64
**----- End of picture text -----**
18 (HARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of On accounts for the year ended Charity no (rf any) l13¥327 Set out on pages L-l4- I report to the trustees on my examination of the accounts of the above charity (Ihe Trusf) for the year ended Responslblllties and basis of report As the tharitys trustees. you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (￿e Act"). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by Ihe Charity Commission under section 145(5){b) of the Act. Independent The charrvs gross income ex￿eded £250,000 and l arn qualified lo examlnerfs statement undertake the examination by being a qualtfied member of the Chartered Institute of Management Accountants. I have completed tny examination. I confimi that no material matters have come to my attention in connection y￿th the examlnation10È14eTr￿t di661￿￿ ") ¥thich gives me cause to believe Ihat in, any material respect: the accountiThJ records were not kept in accordan￿ wtth section 130 of the Chartlies Act. or the accounts did not ac(￿rd wilh the accounting records; or the accounts did not comply y￿th Ihe applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fair, view which is not a matter considered as parl of an independent examination. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understandiro of the accounts to be reached. . Please delete the words in the brackets rf they do not apply. Slgned: Date: 10 oot Name: Relevant professional qualification{s) or body IER Oct 2018