**ST. FRANCIS OF ASSISI WEST WICKHAM PAROCHIAL CHURCH COUNCIL Charity No: 1134856** **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST. DECEMBER 2020** ## **PAROCHIAL CHURCH COUNCIL OF ST. FRANCIS OF ASSISI, WEST WICKHAM** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST. DECEMBER 2020** |Notes
**Incoming Resources**
Voluntary Income
2a
Activities for generating funds
2b
Income from investments
2c
Church activities
2d
Legacies
2e
**Total Incoming Resources**
**Resources Expended**
Costs of generating voluntary income
3a
Fund-raising trading costs
3b
Church activities
3c
Missions
3d
Payments from Lighting Fund
15
Payments from Repairs Legacy
17
**Total Resources Expended**
Net Movement in Funds
Total Funds brought forward at 1st. January 2020
Net Movement of Funds for year
**Total Funds carried forward at 31st. December 2020**|Unrestricted Restricted
**Total**
**Total**
Funds
Funds
**Funds**
**Funds**
**2020**
**2019**
46,621
46,621
50,213
1,886
1,886
2,129
263
263
474
9,973
9,973
26,454
0
0
30,000| |---|---| ||58,743
0
58,743
109,270| ||0
0
90
0
0
0
83,679
83,679
84,391
1,200
1,200
1,200
0
0
1,396
0
-163
-163
4,927| ||84,879
-163
84,716
92,004| ||-26,136
163
-25,973
17,266| ||498,220
26,802
525,022
507,756
-26,136
163
-25,973
17,266| ||472,084
26,965
499,049
525,022| Page 1 ## **PAROCHIAL CHURCH COUNCIL OF ST. FRANCIS OF ASSISI, WEST WICKHAM** ## **BALANCE SHEET AT 31ST. DECEMBER 2020** |Notes
**Fixed Assets**
Tangible Fixed Assets
5
Investments
6
**Total Fixed Assets**
**Current Assets**
Stock
Debtors
8
Short term Deposits
Cash at Bank
Creditors: amounts due within one year
9
**Net Current assets**
**Total Assets less current liabilities**
Represented by:
**Parish Funds**
7
Restricted
10
Unrestricted
10|228
8,568
48,716
69,950|**2020**
390,915
0
390,915
127,462
-19,328
108,134
499,049
26,953
472,096
499,049|**2019**
390,915
0| |---|---|---|---| ||||390,915
114
12,115
48,510
92,316| ||||153,055
-18,948| ||||134,107| ||||525,022| ||||26,789
498,233| ||||525,022| Approved by the Parochial Church Council on 23rd. March 2021 and signed on its behalf by: Rev. Hazel O'Sullivan Vicar & PCC Chair The accompanying notes form part of these financial statements Page 2 ## **PAROCHIAL CHURCH COUNCIL OF ST. FRANCIS OF ASSISI, WEST WICKHAM** ## **Cash Flow Statement for the Year ended 31 December 2020** ||**2020**|**2019**| |---|---|---| |Net Cash from Operating Activities||| |Net Income|-22159|-12721| |Adjustments for:||| |Decrease/(Increase) in Debtors|3547|5154| |(Decrease)/Increase in Creditors|380|4456| |Net cash provided by operating activities|-18232|-3111| |Analysis of Cash||| |Cash|19618|22039| |Deposits|99048|118786| ||118666|140825| Page 3 ## **PAROCHIAL CHURCH COUNCIL OF ST. FRANCIS OF ASSISI, WEST WICKHAM** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST. DECEMBER 2020** |2
**Income**
a
**Voluntary Income**
Planned Giving
Collected at all services
Other giving
General Donations
Other receipts
Income Tax recoverable
b
**Activities for generating funds**
Events
Fabric Fund Sales
Refreshments
Grants Received
Gift Day
c
**Investment Income**
Interest
d
**Income from Church Activities**
Church & Hall Lettings
Fees from Weddings, etc.
Parish Magazine
e
Income from Legacies
**Total Incoming Resources**|Unrestricted Restricted
Total
Total
Funds
Funds
Funds
Funds
**2020**
**2019**
£
£
£
£
35,116
35,116
35,372
1,721
1,721
3,561
492
492
930
663
663
555
695
695
173
7,934
7,934
9,622| |---|---| ||46,621
0
46,621
50,213| ||502
502
1,171
0
0
0
13
75
75
395
0
0
0| ||577
0
577
1,579| ||1,309
0
1,309
550| ||263
0
263
474| ||8,828
8,828
25,008
959
959
1,366
186
186
80| ||9,973
0
9,973
26,454| ||0
0
0
32,000| ||58,743
0
58,743
111,270| Page 4 ## **PAROCHIAL CHURCH COUNCIL OF ST. FRANCIS OF ASSISI, WEST WICKHAM** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST. DECEMBER 2020** |3
**Expenditure**
a
Costs of generating Voluntary Income
Stewardship Costs
b
Fund-raising Trading Costs
c
Church Activities
Ministry Costs
Diocesan Parish Contribution
Other Clergy Costs
Church Running Expenses
Upkeep of Services
Honoria & Fees
Church Hall Running Costs
Church Repairs etc.
Hall Repairs etc.
d
Gifts to Missions
e
Payments from Lighting Fund
f
Payments from Repairs Legacy
g
Governance Costs
Independent Examination Fee
Cost of Annual Accounts
**Total Resources Expended**|Unrestricted Restricted
Total
Total
Funds
Funds
Funds
Funds
**2020**
**2019**
£
£
£
£
0
0
0
90| |---|---| ||0
0
0
0| ||47,500
47,500
47,500
898
898
851
11,469
11,469
12,530
310
310
514
4,220
4,220
4,559
9,156
9,156
12,764
7,386
7,386
3,493
2,740
2,740
2,180| ||83,679
0
83,679
84,391| ||1,200
0
1,200
1,200| ||0
0
0
1,396| ||0
0
4,927| ||0
0
0
0
0
0
0
0| ||| ||84,879
0
84,879
92,004| Page 5 ## **PAROCHIAL CHURCH COUNCIL OF ST. FRANCIS OF ASSISI, WEST WICKHAM** - **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST. DECEMBER 2020** 4 **Staff Costs 2020 2019** - a. _Wages & Salaries_ £4,220 £4,559 Fees have been paid to 2 organists to cover services and choir rehearsals. - b. _Payments to PCC members_ There were no disclosable transactions in respect of PCC members nor persons closely related to them nor other related parties. - 5 **Tangible Fixed Assets** |**Cost or Valuation**
At 1st. January 2020
Additions
Disposals
Revaluation
At 31st. December 2020
**Deprecation**
At 1st. January 2020
Additions
Disposals
At 31st. December 2020
**Net Book Values**
At 1st. January 2020
At 31st. December 2020|Freehold Land
Church Hall
Total
& Buildings
Contents
**£**
**£**
£
372,873
18,042
390,915
0
0
0| |---|---| ||372,873
18,042
390,915| ||0
0
0| ||0
0
0| ||372,873
18,042
390,915| ||372,873
18,042
390,915| The Freehold Land & Buildings comprise the Church Hall. For accounting purposes, the value of this propert and it's contents are at the valuations made for insurance purposes in 2005. ## 6 **Investments** There are no Investments. - 7 **Analysis of Net Assets by fund at 31st. December 2020** |Fixed Assets
Current Assets
Current Liabilities
8
**Debtors**
Income Tax Recoverable
Prepayments & accrued income
Other debtors|Unrestricted
Funds
£
390,915
127,462
-19,328|Restricted
Total
Funds
Funds
£
£
0
390,915
127,462
-19,328| |---|---|---| ||499,049|0
499,049| |||**2020**
**2019**
£
£
5,939
7,399
2,629
4,716
0
0| |||8,568
12,115| Page 6 ## **PAROCHIAL CHURCH COUNCIL OF ST. FRANCIS OF ASSISI, WEST WICKHAM** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST. DECEMBER 2020** |9
**Creditors - Amounts falling due within one year**
Deferred income
Accruals for utilities & other costs
Other creditors|**2020**
**2019**
£
£
0
1,825
982
1,179
18,346
15,944| |---|---| ||19,328
18,948| |10
**Statement of Funds**
**Unrestricted Funds**
General Fund
Legacies
Fabric Fund
**Restricted Funds**
Lighting & Improvement Fund
Church Repairs & Maintenance Fund
**Total Funds**|Bal b/fwd
Income
Expenditure
Bal c/fwd
1.1.20
31.12.20
£
£
£
£
351,833
58,743
84,879
325,697
125,172
0
0
125,172
21,227
0
0
21,227| |---|---| ||498,232
58,743
84,879
472,096| ||13,601
0
0
13,601
13,188
164
0
13,352| ||26,789
164
0
26,953| ||525,021
58,907
84,879
499,049| The Unrestricted General Fund includes the valuation of the Church Hall Buildings & Contents of £390,915 11 **Analysis of Running Costs & Maintenance of Church & Hall** |Heating & Lighting
Cleaning
Insurance
Rates - General & Water
Administration
Maintenance
Total|Chu rch
Ha ll
**2020**
**2019**
**2020**
**2019**
£
£
£
£
3,145
4,402
2,945
4,488
1,100
1,225
4,436
6,261
3,955
3,940
1,489
1,515
148
95
286
499
3,121
2,868
0
0
7,386
3,494
2,740
2,180| |---|---| ||18,855
16,024
11,896
14,943| 12 Donations to the Church from PCC members during the year totalled 10063 Page 7 ## **PAROCHIAL CHURCH COUNCIL OF ST. FRANCIS OF ASSISI, WEST WICKHAM** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST. DECEMBER 2020** |13
**Gifts to Charities**
Amounts paid to Charities
OMF in Japan
EarAid Nepal
Anglican Eye Clinic Ghana
Bromley Foodbank
Action Aid
CLIC Sargent
Christian Aid
Croydon Refugee Centre
The Children's Society
Demelza House
Bromley & Croydon Women's Aid
Bishop's Lent Appeal
Polio Society
14
**Fabric Fund**
**Balance 1.1.20**
**Receipts**
**Payments**
**Balance 31.12.20**
15
**Lighting & Improvement Fund**
**Balance 1.1.20**
Receipts
Payments
**Balance 31.12.20**
16
**Legacies**
**Balance 1.1.20**
Received in Year
Expenditure in Year
**Balance 31.12.20**
17
**Church Repairs & Maintenance Fund (Legacy)**
**Balance 1.1.19**
Income
**Balance 31.12.19**
Page 8|**2020**
£
400
400
400
1197
0
0
0
0
131
0
0
0
0
2,528|**2019**
£
400
400
400
0
3000
243
1369
243
608
168
162
335
200| |---|---|---| |||7,528| |||Unrestricted
£
21,228
0| |||21,228
0| |||21,228| |||Restricted
£
13,601| |||13,601| |||13,601| |||Unrestricted
£
125,172
0| |||125,172
0| |||125,172| |||Restricted
13,188
164| |||13,352| |||| **ST. FRANCIS OF ASSISI WEST WICKHAM PAROCHIAL CHURCH COUNCIL Charity No: 1134856** **FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST. DECEMBER 2020** ## **PAROCHIAL CHURCH COUNCIL OF ST. FRANCIS OF ASSISI, WEST WICKHAM** ## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST. DECEMBER 2020** |Notes
**Incoming Resources**
Voluntary Income
2a
Activities for generating funds
2b
Income from investments
2c
Church activities
2d
Legacies
2e
**Total Incoming Resources**
**Resources Expended**
Costs of generating voluntary income
3a
Fund-raising trading costs
3b
Church activities
3c
Missions
3d
Payments from Lighting Fund
15
Payments from Repairs Legacy
17
**Total Resources Expended**
Net Movement in Funds
Total Funds brought forward at 1st. January 2020
Net Movement of Funds for year
**Total Funds carried forward at 31st. December 2020**|Unrestricted Restricted
**Total**
**Total**
Funds
Funds
**Funds**
**Funds**
**2020**
**2019**
46,621
46,621
50,213
1,886
1,886
2,129
263
263
474
9,973
9,973
26,454
0
0
30,000| |---|---| ||58,743
0
58,743
109,270| ||0
0
90
0
0
0
83,679
83,679
84,391
1,200
1,200
1,200
0
0
1,396
0
-163
-163
4,927| ||84,879
-163
84,716
92,004| ||-26,136
163
-25,973
17,266| ||498,220
26,802
525,022
507,756
-26,136
163
-25,973
17,266| ||472,084
26,965
499,049
525,022| Page 1 ## **PAROCHIAL CHURCH COUNCIL OF ST. FRANCIS OF ASSISI, WEST WICKHAM** ## **BALANCE SHEET AT 31ST. DECEMBER 2020** |Notes
**Fixed Assets**
Tangible Fixed Assets
5
Investments
6
**Total Fixed Assets**
**Current Assets**
Stock
Debtors
8
Short term Deposits
Cash at Bank
Creditors: amounts due within one year
9
**Net Current assets**
**Total Assets less current liabilities**
Represented by:
**Parish Funds**
7
Restricted
10
Unrestricted
10|228
8,568
48,716
69,950|**2020**
390,915
0
390,915
127,462
-19,328
108,134
499,049
26,953
472,096
499,049|**2019**
390,915
0| |---|---|---|---| ||||390,915
114
12,115
48,510
92,316| ||||153,055
-18,948| ||||134,107| ||||525,022| ||||26,789
498,233| ||||525,022| Approved by the Parochial Church Council on 23rd. March 2021 and signed on its behalf by: Rev. Hazel O'Sullivan Vicar & PCC Chair The accompanying notes form part of these financial statements Page 2 ## **PAROCHIAL CHURCH COUNCIL OF ST. FRANCIS OF ASSISI, WEST WICKHAM** ## **Cash Flow Statement for the Year ended 31 December 2020** ||**2020**|**2019**| |---|---|---| |Net Cash from Operating Activities||| |Net Income|-22159|-12721| |Adjustments for:||| |Decrease/(Increase) in Debtors|3547|5154| |(Decrease)/Increase in Creditors|380|4456| |Net cash provided by operating activities|-18232|-3111| |Analysis of Cash||| |Cash|19618|22039| |Deposits|99048|118786| ||118666|140825| Page 3 ## **PAROCHIAL CHURCH COUNCIL OF ST. FRANCIS OF ASSISI, WEST WICKHAM** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST. DECEMBER 2020** |2
**Income**
a
**Voluntary Income**
Planned Giving
Collected at all services
Other giving
General Donations
Other receipts
Income Tax recoverable
b
**Activities for generating funds**
Events
Fabric Fund Sales
Refreshments
Grants Received
Gift Day
c
**Investment Income**
Interest
d
**Income from Church Activities**
Church & Hall Lettings
Fees from Weddings, etc.
Parish Magazine
e
Income from Legacies
**Total Incoming Resources**|Unrestricted Restricted
Total
Total
Funds
Funds
Funds
Funds
**2020**
**2019**
£
£
£
£
35,116
35,116
35,372
1,721
1,721
3,561
492
492
930
663
663
555
695
695
173
7,934
7,934
9,622| |---|---| ||46,621
0
46,621
50,213| ||502
502
1,171
0
0
0
13
75
75
395
0
0
0| ||577
0
577
1,579| ||1,309
0
1,309
550| ||263
0
263
474| ||8,828
8,828
25,008
959
959
1,366
186
186
80| ||9,973
0
9,973
26,454| ||0
0
0
32,000| ||58,743
0
58,743
111,270| Page 4 ## **PAROCHIAL CHURCH COUNCIL OF ST. FRANCIS OF ASSISI, WEST WICKHAM** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST. DECEMBER 2020** |3
**Expenditure**
a
Costs of generating Voluntary Income
Stewardship Costs
b
Fund-raising Trading Costs
c
Church Activities
Ministry Costs
Diocesan Parish Contribution
Other Clergy Costs
Church Running Expenses
Upkeep of Services
Honoria & Fees
Church Hall Running Costs
Church Repairs etc.
Hall Repairs etc.
d
Gifts to Missions
e
Payments from Lighting Fund
f
Payments from Repairs Legacy
g
Governance Costs
Independent Examination Fee
Cost of Annual Accounts
**Total Resources Expended**|Unrestricted Restricted
Total
Total
Funds
Funds
Funds
Funds
**2020**
**2019**
£
£
£
£
0
0
0
90| |---|---| ||0
0
0
0| ||47,500
47,500
47,500
898
898
851
11,469
11,469
12,530
310
310
514
4,220
4,220
4,559
9,156
9,156
12,764
7,386
7,386
3,493
2,740
2,740
2,180| ||83,679
0
83,679
84,391| ||1,200
0
1,200
1,200| ||0
0
0
1,396| ||0
0
4,927| ||0
0
0
0
0
0
0
0| ||| ||84,879
0
84,879
92,004| Page 5 ## **PAROCHIAL CHURCH COUNCIL OF ST. FRANCIS OF ASSISI, WEST WICKHAM** - **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST. DECEMBER 2020** 4 **Staff Costs 2020 2019** - a. _Wages & Salaries_ £4,220 £4,559 Fees have been paid to 2 organists to cover services and choir rehearsals. - b. _Payments to PCC members_ There were no disclosable transactions in respect of PCC members nor persons closely related to them nor other related parties. - 5 **Tangible Fixed Assets** |**Cost or Valuation**
At 1st. January 2020
Additions
Disposals
Revaluation
At 31st. December 2020
**Deprecation**
At 1st. January 2020
Additions
Disposals
At 31st. December 2020
**Net Book Values**
At 1st. January 2020
At 31st. December 2020|Freehold Land
Church Hall
Total
& Buildings
Contents
**£**
**£**
£
372,873
18,042
390,915
0
0
0| |---|---| ||372,873
18,042
390,915| ||0
0
0| ||0
0
0| ||372,873
18,042
390,915| ||372,873
18,042
390,915| The Freehold Land & Buildings comprise the Church Hall. For accounting purposes, the value of this propert and it's contents are at the valuations made for insurance purposes in 2005. ## 6 **Investments** There are no Investments. - 7 **Analysis of Net Assets by fund at 31st. December 2020** |Fixed Assets
Current Assets
Current Liabilities
8
**Debtors**
Income Tax Recoverable
Prepayments & accrued income
Other debtors|Unrestricted
Funds
£
390,915
127,462
-19,328|Restricted
Total
Funds
Funds
£
£
0
390,915
127,462
-19,328| |---|---|---| ||499,049|0
499,049| |||**2020**
**2019**
£
£
5,939
7,399
2,629
4,716
0
0| |||8,568
12,115| Page 6 ## **PAROCHIAL CHURCH COUNCIL OF ST. FRANCIS OF ASSISI, WEST WICKHAM** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST. DECEMBER 2020** |9
**Creditors - Amounts falling due within one year**
Deferred income
Accruals for utilities & other costs
Other creditors|**2020**
**2019**
£
£
0
1,825
982
1,179
18,346
15,944| |---|---| ||19,328
18,948| |10
**Statement of Funds**
**Unrestricted Funds**
General Fund
Legacies
Fabric Fund
**Restricted Funds**
Lighting & Improvement Fund
Church Repairs & Maintenance Fund
**Total Funds**|Bal b/fwd
Income
Expenditure
Bal c/fwd
1.1.20
31.12.20
£
£
£
£
351,833
58,743
84,879
325,697
125,172
0
0
125,172
21,227
0
0
21,227| |---|---| ||498,232
58,743
84,879
472,096| ||13,601
0
0
13,601
13,188
164
0
13,352| ||26,789
164
0
26,953| ||525,021
58,907
84,879
499,049| The Unrestricted General Fund includes the valuation of the Church Hall Buildings & Contents of £390,915 11 **Analysis of Running Costs & Maintenance of Church & Hall** |Heating & Lighting
Cleaning
Insurance
Rates - General & Water
Administration
Maintenance
Total|Chu rch
Ha ll
**2020**
**2019**
**2020**
**2019**
£
£
£
£
3,145
4,402
2,945
4,488
1,100
1,225
4,436
6,261
3,955
3,940
1,489
1,515
148
95
286
499
3,121
2,868
0
0
7,386
3,494
2,740
2,180| |---|---| ||18,855
16,024
11,896
14,943| 12 Donations to the Church from PCC members during the year totalled 10063 Page 7 ## **PAROCHIAL CHURCH COUNCIL OF ST. FRANCIS OF ASSISI, WEST WICKHAM** ## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST. DECEMBER 2020** |13
**Gifts to Charities**
Amounts paid to Charities
OMF in Japan
EarAid Nepal
Anglican Eye Clinic Ghana
Bromley Foodbank
Action Aid
CLIC Sargent
Christian Aid
Croydon Refugee Centre
The Children's Society
Demelza House
Bromley & Croydon Women's Aid
Bishop's Lent Appeal
Polio Society
14
**Fabric Fund**
**Balance 1.1.20**
**Receipts**
**Payments**
**Balance 31.12.20**
15
**Lighting & Improvement Fund**
**Balance 1.1.20**
Receipts
Payments
**Balance 31.12.20**
16
**Legacies**
**Balance 1.1.20**
Received in Year
Expenditure in Year
**Balance 31.12.20**
17
**Church Repairs & Maintenance Fund (Legacy)**
**Balance 1.1.19**
Income
**Balance 31.12.19**
Page 8|**2020**
£
400
400
400
1197
0
0
0
0
131
0
0
0
0
2,528|**2019**
£
400
400
400
0
3000
243
1369
243
608
168
162
335
200| |---|---|---| |||7,528| |||Unrestricted
£
21,228
0| |||21,228
0| |||21,228| |||Restricted
£
13,601| |||13,601| |||13,601| |||Unrestricted
£
125,172
0| |||125,172
0| |||125,172| |||Restricted
13,188
164| |||13,352| |||| ## ## ## ## ## ##