REGISTERED CHARln NUMBER: 1135244 REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 FOR THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT Ford Beniall LLP Chartered Certrfied Accountants 60 High Street Chobham Surrey GU24 8hA
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 PagÈ Report of the Trustees 1 to 7 Independent Exarninerfs Report Statèmènt of Financial Activities 9 to 10 Balance Sheèt 11 Notes to the Financial Statements 12 10 22 Detailed Statement of Financial Activities 23 10 24
THE PPROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 Thè trustees present their report wih the finanal Stalemenls of the charity for Ihe year ended 31 December 2020. The Irustees have adopted the provisions of Accounting and Reporting by Charrties.. Stalemenl of Recommènded Practice applicable lo charities prepaTing their accounts in accordan with the Financial Reporling Standard applicable in the UK and Republic of Ireland IFRS 1021 (effective 1 January 20191. Page 1
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 OBJECTtVES AND ACTIVITIES Objectives and aims Report for the SSA Parish Annual Accounts 2020 What an interesting year it was for the Parish - as well as other Churth of England parishes around the d. The year 2020 started a full team, en the Vicar retumed frotn leave of absence. and lots of e citing plans. In All Souls, a new famity Servi - Ascot@3- was started setV1 in earfy March. However, we had to close both churches when the first lockdown was announced on 23rd March. Very quickly we moved full swing into virtual seNices, prayers, Sunday sch¢x)18nd even toddler praise. w¢th everyone leaming a lol about Zoom. video calling. camera and mics ever since. This was a result of a very big effort from a lot of the church team and community, but most of all. a huge thank you for all the incredibly creative efforts b the Vicar and his family. The Vicar also played a central role in community help provided by IcKal government and local charities in the parish. Both All Souls and St Michael's rallied into action lo try lo support the Gommunity. starting Buddy systems where members of the congregations phone-called other members. Zoom coffee mornings, regular prayers and letters from the Church team. Over the summer we We slowly and cautiously able lo r&open the churches during the day lo allow those who wanted to visit for quiet reectIon and prayer. This was followed by a retum to services in the aulumn. which while different to earfier in the year, thanks lo the creativity of the ministry team, have been arnang. Setvicès in churches have been livestreamed and we also, just before Christmas, managed some outd¢)or services where SiTkging was allowed. We hope very much that we managed lo do something to help those who were woffled. suffering and in need of hope and consolation throughout 2020. Having had to close the church buildings in late March. we were pleased to be able to re-open the offee shop in All Souls on Monday the 19th of October and the Iwo Church Halls. before closin9 them all agairl just before Christmas. During the year there have been a number of changes on the Church Team. and at the APCM we weilmed several new members to the PCC. We thank Vèrity Spen¢er lor her great good service as Churchwarden at St Michael's as well as David Chislett who. after working so hard as Churchwarden al All Souls, stepped down to embark on his training for priesthood. We welcomed Med Jones and Sandra Stansfield as Churchwardens at All Souls. We were also blessed to have Sarah Mortimer join us as curate in the parish. OUT grateful thanks to all those who have Worked so hard and served the parish so well in 2020. We parti¢ulady re¢ord the dealh of Chris Townsend. a much loved member of All Souls who is greatly missad for his many years work on the finance team. Great progress was made on several projects in the parish during 2020. The rcKJf of All Souls was repairèd al great, bul necessary, expense al the start of the year. A new organ was installed. which sounds beautiful. especially when being played by Judtth. who joined us this year. The churchyard was dosed for new burials. with maintenance passing lo the local authority. A new path was laid wth new railings and kissing gate lo replace those old spikey things that hacl served us for almost 100 years. A beautiful painting was installed at All Souls church, donated by a wonderhjl local arttst, Elizabeth Bradshaw. in memory of Lilian and M•uri¢e Making. And last. btjl certainly not least. under the leadership of Fiona Jones and her husband, the reno alion of the Scout Hul was completed, giving us a scout hut to serve us for another 100 years. At St Michael's ther8 was, luckily. no neèd for major works in 2020 but we continue lo be vigilant in cari the beautiful building. for In 2021, there are other projects lo continue in All Souls. including the endosing of the lady chapel. an replacement of the church heating system. the Page 2
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 The Christmas seryices at both churches were wonderful opportuntties for the congregalions lo reach ut to our communities, just before the country was again asked lo slay al home. Thankfully churches were allowed to stay open and we adjusted our sèrvice timetable to meet the increased COnrS of those choosing to stay at home. The services are currently all livestreamed for those worshipping at home but being able lo be present in our churches is a blessing for the many who (xgntinue to be there in person. In 2021, we look for a gradual return lo normality and more social interaction bul we will continue lo be led by Govemmenl guidelines. The team has been strengthened by the licènsing in March 2021 of the Rev Vusi Mabuza who will work primarily al 1 Souls. We look fotwdrd, with hope. to 2021 and thank God for his many blessings during the past year. Vanessa Cummings, Aed Jones & Sandra Stansfield Churchwardens of the Parish of Sunninghill & South Ascot. March 2021 Page 3
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCQT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 FINANCIAL REVIEW FINANCIAL REVIEW St Michaels and All Angels The church continues to be reliant on voluntary donations for the majority of ils income. Income wa5 impacted by Covid-19 this year, wilh lockdowns and reduced congregation numbers during non-lock(lown periods resulting in very minimal cash and envelope giwng. which is usually a good source of donations. We took the step to inv8St in Sum Up devices, which have proved successful in helping mit4gate some of the cash and envelope loss. Fundraising was also effectNely slopped for Ihe year, though in November we did run a successful online family quiz as we reviewed our non face to fa fundraising options. Wedding and funeral income also decreased due to Covid. An appeal lo the Congregation in the autumn resulted in some welcome increase in regular giving, parb ularly in the Parish Giving space, arbd we had some generous oTrf donations which helped the church significantly, avoiding the need lo use any reseNes. Thts meanl that voluntary giving exceeded that ot the previous year, and overall, our income was maintainèd at levels similar to 2019. We are extremely grateful lo those who have supported the church through these dtffieutl tim@s. We did benefit from 50tne spend reductiork during the year on utililies and supplies arKI with slaff furlough_ Investment in equipmenl and resources for online services was essential, and again, members of our congregation generously helped out in this area. Investments were negatively hil during the year. causing a loss on year end revaluation. The church had a net deficil in spend for 2020 and Ihe PCC continues to actively reeW opportunitiés for giving and fundraising after a most drfficult year. All Souls All Souls fundraising activities were impacted by Cowd-19 during 2020, wth both the Church Hall and offee shop havng lo be ¢10sed or have reduced operations for a large part of the year. The Church Hall did provide a reduced lev81 of incom&. and this was lopped up by a council grant of £10.000. which helped the thuroh enormously. Unreslricled voluntary donations for the year were up from the previous year. with the benefit of some I gifts, however restricted inoome redUd from lasl year. comprising primarily fvnd raising fo refurbishment of the Scoul Hul. Spend against reslricled funds in 2020 comprised primarily the finishing of the Church Roof Repairs which were started in 2019, together with repairs to the graveyard path and replacemènt of the fence railings, and a contribution lo the Scout Hut Refurbishment. Looking forward lo 2021, spend on the heating syslem continues to be reviewed. gacy the Funds As at 31 Dernber 2020 lotal reserves for All Souls was £416,767, £326.357 of which 15 restricted as Ib the purpose lo which the fund can be applied. This leaves unrestricted reserves of £50,539 together wth further lightly restricted reserves of £39,871 that can be used for any ecdesiastical putpose in the parish. Total reserve5 for St Michaels is £177.323, of which £13.708 is restricted_ The PCC will periodically review the availability of restricted fvnds and where appropTiate advice Sought lo amend or remove the reslrictions where desirable. RESERVES POLICY As recommended by both the Charity Comwni55ion and Church ol England guidance the Parochial U)ur¢h Council has approved a reserves policy in respect of both St Michael's & All Angels church and All Souls church, which is to invest cauliimjsly and wlh investments in either M & G Charifund, CCLA or similar Pa9e 4
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 Sl Michaels & All Angels The Sl Michaels policy reflects routine church running costs. service costs and cyclical building repairs and maintenance but is not intended lo cover in full -1 in 100 yeaff item5 or discretionary items such as major slruclural repairs or improvements. Such items would be Covered as far as possible by grant applications and fundraising appeals with any shortfall met from resetves. The appr(wed poliey is to hold an agreed level of investments and cash in reserve land therefore not to include these arnonts when assessing general expenditure. settitbg the annual budget or considering ary improvement plans or special projects). The amount held in res8rv@ wll be revisited each year and is based on the most recently available annual accounts. In respect of the year ended 31 December 2020 this SerVe has been tnaintained at £100,000 and in setting this figure the following faclors were considered. o The age of the ¢htJrch and its listed building status. Whilst a number of signtficant building projects have been completed in the last 3 years, there are still a number of items idenrIed in the latest quinquennial review and through discussion with the church's architect. o The level of general expendtture incutred in the running of the Church induding employee costs and the extent of rècenl shortfalls o Any money received in advance in respect of the magaane ' Any committed expenditure in respe¢t of offe holders 2nd indNiduals who provide services on a 411r3¢¢ basis The list of factors to consider wll be rewewed each year when the reserves policy and amount is agreed. All Souls The All Souls policy reflects roub.ne church running costs, seNice costs and cyclical building repairs and maintenance but Is nol intended to Gover "1 in 100 year items such as major slruclural repairs or improvements_ The reserve policy is intended to provide the church with the flexibility to undertake improvements lo the structure and fabri¢ of thè building and to dèvelop the facilities available as the thurch Continues to grow and develop for the future. The approved policy is lo hold an agreed level of investments and cash in reservè {and therefore not to include these amounts when assessing general expenditure and setting the annual budget). The amount held in reseNe will be revisited each year and is based on the most re¢enlly available annual accounts. In respect of the year ended 31 December 2020 this reserve has been set al no less than six months unrestriGted expendilure and in setting arriving at this figure the following factors were considered. o The age of the church and its listed building status o The relatively modest level of rent expenditure on mainlenance Routine and cyclical maintenan identified in the latest quinquennial review and Ihrough discussion wth the Church's architect o The high level of restricted fund5 available for repairs to the church and for the maintenance of the graveyard. o The level of general expenditure incurred in the running of Ihe Church including employee costs. o Any committed expendilure in respect of office holders and indNiduals who provide seNices on a ¢(traCt basis o Any costs associated with improving the structure and fabric of the church as part of meeting the chtirch's long-term growth and development plans The list of factors to consider will be reviewed each year when the reserves FK)licy and amount is agreed. e as STRUCTURE, GOVERNANCE AND MANAGEMENT Governing document The charity is controlled by its governing d¢xumenl, 8 deed of trust and constitutes an unincorporated charity. REFERENCE AND ADMINISTRATIVE DETAILS Registèred Charity number 1135244 Page 5
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASGOT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 Principal address Church Lane Ascot Berkshire SL5 7DD Twstees Rev S Johnson Mrs M Nichols LLM Mrs E R Francescon Mr l A E McKinnon {resigned 1911012020} Mrs V A Spencer (resigned 1911012020} Mrs F M Jones Iresigned 1911012020} Mrs E Moore Mrs E Andrews (resigned 19110120201 Mr M Cross-Fancy (resigned 1911012020) Mrs K Bartlett Mr A Jones Mrs H Buckham (resigned 19110120201 Ms A Catheya Mrs C Stokes Ms V Cummings Ms M Offord Mr C Chermside Mr D Marshall (resigned 61212021) Ms A Igham Br¢)oke (resigned 1911012020} Mr S T Richards (appointed 1911012020} Mr A G Trapnell lappoinled 1 g11012020) Ms L K McNair (appointed 1911012020) Ms S Stansfie5d lappoinled 1911012020} Ms A Cameron lappoinled 1911012020) Mr K Thomson lappoinled 1911012020} Ms F Thomson lappoinled 1911012020) Indèpendent Examiner KAFord FCCA Ford Benlall LLP Chartered Certtfied A¢xountants 60 High Street Chobham Surrey GU24 8A4 Advisers Bankers Barclays Bank PLC. Ascot. Berkshire SL5 7JG REFERENCE AND ADMINISTRATIVE DEtAILS Registered Charity number 1135244 Principal address Church Lane Ascot Berkshire SL5 7DD Page 6
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 Approved by order of the board of trustees on ........-.......................... . - and signed on its behalf by. Ms M Offord - Trustee Page 7
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT Indèpèndènt examinerfs report to the trusteès of The Parochial Church Council of the Ecclesiastical Parish of Sunninghill and South Ascot I rÈport to the charity trustees on my examination of the accounts of The Parochial Church Counal of the Ecclesiastical Parish of Sunninghill and South Ascot {the Twsl) for the year ended 31 December 2020_ Responsibilitles and basis of report As the charity trustees of the Trust you are responsible for Ihe preparation of the accounts in accordance with the reqtjirements of the Charities A¢1 2011 Ilhe Act'l. I report in respect of my examination of Ihe Twst's accounts carried out under section 145 of the Act and in carrwng out my examination I have followed all applicable Directions given by the Charity Commission under section 14515)Ib) of the Act. Independent examinerfs statement Sincé your charitys gross income exceeded £250.000 your examiner musl be a member of a listed body. I can confirm that l am qualified to undertake the examination because l am a registered member of FCCA whi¢h is one of the listed bodies. I have completed my examination. I confim that no material matters have come to my attention in connection with the examination gwing me cause to believe that in any material respect- accounting records were not kept in respect of the Tnjst as required by section 130 of the Act,. or.; the accounts do not accord with those recoids", or the aw)unts dtr not comply with the applicable requirements conceming the form and content of accounts set out in the Charilies (Accounts and Reports) Regulatior15 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independenl examination. I have no concerns and have come across rto other matters in connection with the examination lo which attention should be drawn in this report in order to enable a proper undetslanding of the accounts to be reached. KAFord FCCA Ford Bentall LLP Chartered Certified Awounlants 60 High Street Chobham Surrey GU24 8AA Dale: ............................................. Page 8
TME PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SQUTH ASCQT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020 2020 Total funds 2019 Total funds Unrestricted funds Restricted funds Endowment funds Notes INCOME AND ENDOWMENTS FROM Donations and legacies 168.146 10.258 178.404 174,801 Charitable actlvltles Fees- weddings, funerals etc other Income Church Hall Income 8.312 7.972 23.333 8,312 11,272 23.333 13.'533 10.780 54.770 3.300 Other trading activities Investment income 27,241 5,833 27.241 13,714 35.181 15.282 7.881 Totsl 240.837 21.439 262,276 304,347 EXPENDITURE ON Raising funds 30,659 30,660 35.698 Charitable activities Fees - weddings, funerals etc Charitable Donations Parish Share Secretarial Expenses Clergy Expenses Church Running Costs Church services 7.839 5.400 99,332 14,741 11,493 41.834 7,839 11,083 99,332 14.741 11,493 41,834 09 4.165 96,429 21,098 3,226 51,456 5,683 1.588 18,254 187 1.588 18.254 187 14,426 16,738 28 Depreciation Children's Work Church repairs 3,864 3.781 37.728 41.592 3,781 2,367 38,454 3,971 6.016 Accountancy fees Legal & professional fees Church Hall running expenses Church Hall repairs & maintenance 2.367 12.927 12.927 16.P81 4,597 4,597 95 Total 256,496 45,779 302.275 339,690 Nel gainsl{losses) on investments 17.8191 {13,455) {21.274} 88,fj18 NET INCOMEIIEXPENDITUREI {23,478) {37,795) 161,2731 53, 75 The notes fomi part of these financial stalements Page 9
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020 2020 Total funds 2019 Total furbds Unrestricted Restricted EndowTnent funds funds funds Notes Transfers between funds {139.702) 139.702 Net movement in funds {163.180) 101.907 {61.2731 ,275 RECONCILIATION OF FUNDS Total funds brought forward 377.334 278,029 655,363 602,088 TOTAL FUNDS CARRIED FORWARD 214,154 379.936 594,090 655.363 The notes fOn part of these financial statements Page 10
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT BALANCE SHEET 31 DECEMBER 2020 2020 Total funds 2019 ToÉal funds Unrestricted Restricted Endowment funds funds funds Notes FIXED ASSETS Tangible assets Investments 46.850 108.614 46,85 449,485 63,350 518,368 340.871 155.464 340.871 496,335 581,718 CURRENT ASSETS Debtors Cash at bank and in hand 22,971 68.734 22.971 110.215 13,435 725,482 41.481 91.705 41.481 133,186 138,917 CREDITORS Amounts falling due within one year {33.015) {2.416) 135,4311 (65,272) NET CURRENT ASSETS 58.690 39.065 97.755 73,645 TOTAL ASSETS LESS CURRENT LIABILITIES 214.1 $4 379.936 594,090 655,363 NET ASSETS 214.154 379,936 594,090 655.303 FUNDS Unrestricted funds Reslricled ftFnds 214,154 379.936 377,334 278,029 TOTAL FUNDS 594.090 655,363 The financial slalemenis were approved by the Board of Trustees and authorised for issuè on - and were signed on rts behalf by-. Ms M Offord- Trustee Ms V Cummangs - Trustee The notes fom) part of these financial statements Page 11
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 ACCOUNTING POLICIES Basis of prèparing thè finaneial statèmènts The financial statements of the charity. which is a public bertefit entity under FRS 102. have been prepared in accordance with the Chaiities SORP IFRS 1021 'Accounting and Reporting by Chsrilies-. Statèment of Recommendèd Practicè applicable to ¢harities prèparing their accounts in accordancé th the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 1021 leffe¢tive 1 January 20191.. Financial Reporting Standard 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland. and the Charities Act 2011. The financial statements have bèÈn prèpared undér the historieal cost eonvention. th the exception of investments which are included at market value. as modified by the revaluation of certain assets. Financial reporting standard 102 - reduced disclosure exemptions The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as pemiit(ed by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland,: the requirements of Section 7 Statement of Cash Flows. In¢ome All income is recognised in the Statement of Financial A¢livilies On the ¢hattty has enlillemenl to the funds. it is probable that the income will be received and the amount can be rneasud reliably. Expenditure Liabilities are recognised as expendtture as soon as there is a legal or constnjctive oblrgation committing the charity lo that expenditure. it is probable that a transfer of economic benefits will be required in settlement and the amoynl of ihe oblÈgalion can be measured reliably. Expenditure is accounted for on an accruals basis and has been c12ssified under headings that aggregate all cost related to the category. Where costs cannot be directy attribtrted to parb¢ular headings they have been allocated lo activities on a basis consistent wth the use of resources_ Tangible fixed assets Depreciation is provided al the follow.ng annual rates in order to 118 off each asset over ils eslimaled useful Itte. Plant and machinery Fixtures and fittings Computer equipment At variable rales 3 to 5 years on cost Straight line over 4 years Taxation The church is exempl from lax on its charitable acb"vities. Accordingty il is wtenlially exempt from taxation in respect of income and capital gains received lo the extent thal such income or gains are applied exclusively to charitable purposes. No provision for taxation has been made in these accounts. Fund accountlng Unrestricted funds can be used in accordance with the ch2rttable objectives at the dISction of the Iruslees. Restricted funds can only be used for particular restn.cted purposes wEhin tt)e objects of the church. Restrictions arise when specified by the dgnor or when funds are raised for parti(X51ar restricted purposes. Endowments funds represent capttal. held in perpetuity to create income for specifJG purposes. Page 12 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020 OTHER TRADING ACTIVITIES 2020 2019 Charitable actiwty income 27.241 35, 181 INVESTMENT INCOME 2020 2019 Dividend Income Deposit account interest 13.581 133 75,142 13.714 15,282 TRUSTEES. REMUNERATION AND BENEFITS There were no trustees. remuneralion or other beneffts for the year ended 31 December 2020 nor for the year ended 31 De¢ember 2019. Trustees. expenses There were no trustees. expenses paid for the year ended 31 December 2020 nor lor the year ended 31 December 2019. Amounts of £747 12019 - £1.2841 were paid lo Rev S Johnson to reimburse expenses necessarily incurred in his role as Vicar. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Reslricted funds funds Endowment funds Tolal funds INCOME AND ENDOWMENTS FROM Donations and legacies 141,875 32.926 174.801 Charitable activities Fees - weddings, funerals etc Other Incotne Church Hall Income 13.533 9.365 54.770 13.533 10,780 54.770 1.415 Other trading activities Investment income 35.181 4.018 35.181 15,282 11,264 Total 258.742 45,605 304,347 EXPENDITURE ON Raising funds 35.698 35.b98 CharitablÈ activities Fees - weddings, funerals et¢ Charitable Donations Parish Share Secretarial Expenses Clergy Expenses 7.509 3.087 96.429 21.098 3.226 7.509 4,165 96,429 21,098 3,226 1.078 Page 13 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT NOTES TO THE FINANCIAL STATEMENTS . continued FOR THE YEAR ENDED 31 DECEMBER 2020 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTMTIES - continued UnreslTi¢ted Restricted Endowment funds funds funds Totsl funds Church Running Costs Church setvices 49.956 1,500 51.456 14.926 16.738 428 14.926 16,738 428 Depreciation Children's Wort( ChurGh repairs 7.197 3.971 31.257 38,454 3,971 6,016 16,081 23,495 Accountancy fees Legal & professional fees Church Hall running expenses Church Hall repairs & maintenance 6.016 16.081 23.495 Total 299.839 39.851 339,690 Net gains on investments 22.359 43,420 22,839 88.618 NET INCOMEIIEXPENDITUREI {18.7381 49.174 22,839 53,275 Transfers between funds 145.369 (145.3691 Net movement in funds 126.631 49.174 (122.5301 53,275 RECONCILIATION OF FUNDS Total funds brought fonvard 250,703 228.855 122,530 602,088 TOTAL FUNDS CARRIED FORWARD 377,334 278,029 655.363 Page 14 conlintj
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020 TANGIBLE FIXED ASSETS Fixtures and tb.ngs Platht and machinery Computer equipment Totals COST At 1 January 2020 Additions 91.668 78.221 715 1.753 170.604 1,753 Al 31 December 2020 91.668 78,221 2.468 172,357 DEPRECIATION At 1 January 2020 Charge for year 31.664 16.319 75.197 393 350 107,254 18,253 At 31 December 2020 47.983 76,781 743 125.507 NET BOOK VALUE At 31 December 2020 43.685 1.725 46.850 Al 31 December 2019 60.004 3,024 322 63,350 FIXED ASSET INVESTMENTS Cash and settlements pending MARKET VALUE Al 1 January 2020 Additions Disposals Revaluations 518,368 157.633 1205,242) (21,274) At 31 December 2020 449.485 NET BOOK VALUE Al 31 December 2020 449,485 At 31 Dember 2019 518,368 There were no inveslmenl assets outside the Ulc Page 15 conb'nu
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT NOTES TO THE FINANCIAL STATEMENTS - contlnued FOR THE YEAR ENDED 31 DECEMBER 2020 DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 Trade debtors Accrued Income Prepayments 12,212 10.043 716 2.301 7,438 3.696 22,971 13,435 CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 2020 2019 Bank loans and overdrafts (see note 101 Trade creditors Other creditors 2.417 24,975 13,It8 27.179 33.014 35.431 65,272 10. LOANS An analysis of the maturity of loans is gNen below" 2020 201 Amounts falling due wlhin one year on dem2nd= Bank overdrafts 2,417 24,976 Page 16 cor)tinued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT NOTES TO THE FINANCIAL STATEMENTS - conlinued FOR THE YEAR ENDED 31 DECEMBER 2020 11. MOVEMENT IN FUNDS Net movement in funds Transfers between funds At 31112120 At 111120 Unrestricted funds General fund Investments Miss Cook Legacy PCC Account 125.726 126,079 125,218 311 {20.0131 {17.7771 14.311 11731 105.540 108.302 (139.S291 312 377,334 123.478} {139.702} 214.154 Restrlcted funds Organ Appe21 Gr2nt Bequest Fund Church Hall Account Fabric of Church Account Church Repair Fund Land Adj. lo Church House Upkeep of graveyard Gambia Special Collections other Restricted Funds WWI Project Associated Vicar Fund Miss Cook Reslricled 220 1220) 58 901 4.163 8,643 132,921 39,872 9,418 869 4.145 8,607 194.037 36.501 9,068 1.038 680 100 1,540 21.250 36 140,966} 3.371 350 1169} (20,150} 1273) 173 21,250 159,679 159.679 278.029 137.795) 139.702 379,936 TOTAL FUNDS 655.363 161.273) 594,090 Page 17 continu
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESSASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020 MOVEMENT IN FUNDS- continued Net movement in funds. induded in the above are as follows: Incoming resour ReSoUrS expended Gains and losses Movement in funds Unrestrlcted funds General fund Investments Miss Cook Legacy PCC Account 236,482 (256,495> {20,013) 117,777) 14,311 117,776) 9.957 4.354 240,837 (256.496) 17,8191 {23.4781 Restricted funds Organ Appeal Grant Bequest Fund Church Hall Account Fabric of Church Account Church Repair Fund Land Adj. lo Church House Upkeep of graveyard Gambia Other Restricted Funds 1220) {2201 58 18 36 140,9661 3,371 350 11691 12731 58 18 37 11.821 1.023 3,300 1.240 4.000 (1) (36.925) 11) {2,950) {1.409) {4,273) (15,8621 21.439 (45.T791 (13,4551 137.795} TOTAL FUNDS 262.276 (302.275) {21.274) 161.273} Page 18 COTltinu
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020 MOVEMENT IN FUNDS - continued Comparatives for movement in fvnds Net movement in furhds Transfers betweetl funds At 31112119 At 111119 Unrestrlcted funds General fund Investments Miss Cook Legacy PCC Account 146,675 104.028 141.1001 22.051 20.151 125.726 126,079 125,218 311 125.218 311 250.703 118.7381 145.369 377,334 Restricted funds Organ Appeal Grant Bequest Fund Church Hall Account Fabric of Church Account Church Repair Fund Land Adj. to Church House Upkeep of graveyard Gambia Special Collections OlheT Restricted Funds War Memorial WWI Project Associated Vicar Fund 90 710 4,114 130 133 31 8.607 19.947 6.375 (2.2711 521 511 220 843 4,145 8.607 194.037 36.501 9,068 1,038 680 100 174,090 30,126 11.339 517 169 100 2.067 5.533 (2.067) {3.993) 21,250 1.540 21,250 228,855 49,174 278,029 Endowment funds Miss Cook Legacy 122.530 22,839 {145,3691 TOTAL FUNDS 602,088 53,275 655.363 Page 19 continu
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020 11. MOVEMENT IN FUNDS- eontlnued Cotnparative net movement in funds, included in the aLKNe are as follows". Incoming resources Resources expended Gains and losses Movement in funds Unrestricted funds General fund Investments PCC Account 258.740 1299.8401 {41.100} 22,051 22,051 308 258,742 1299,8391 22,359 {18,7381 Restrlcted funds Organ Appeal Grant Bequest Fund Church Hall Account Fabric of Church Account Church Repair Fund Land Adj. lo Church House Upkeep of graveyard Gambia Special Collections War Memorial WWI Project Associated Vicar Fund 130 130 133 31 8,607 19,947 6,375 12.2711 521 511 12,0671 13.9931 21,250 133 31 8.543 29.362 5.382 9.047 993 2.085 1.557 589 9.859 118,4621 {4,3561 {1,0361 (781 111,9261 (3.993) 21.250 45.605 139.851) 43.420 49,174 Endowment funds Miss Cook Legacy 22.839 22.839 TOTAL FUNDS 304.347 1339.690) 88.618 53,275 Page 20 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020 MOVEMENT IN FUNDS- continued A cuent year 12 months and prior year 12 months combined position is as follows: Net movement in funds Transfers between funds At 31112120 At 111119 Unrestricted funds General fund Investments Miss Cook Legacy PCC Account 146,675 104.028 (61.1131 4,274 14.311 312 19.978 105.540 108.302 (14.311) 250.703 {42.216) 5,667 214.154 Restricted funds Organ Appeal Grant Bequest Fund Church Hall Account Fabric of Church Account Church Repair Fund Land Adj. lo Church House Upkeep of graveyard Gambia Special Collections Other Reslri¢ted Funds War Memorial WWI Project Associated Vicai Fund Miss Cook Restricted {90) 191 49 8.643 121.019) 9,746 (1,9211 352 511 12731 (2,0671 (3,9931 21,250 710 4.114 901 4,163 8,643 132,921 39.872 9,418 869 680 174,OYJ 30,126 11.339 517 169 100 2.067 5,533 (20.1501 173 1,540 21.250 159,679 159,679 228.855 11,379 139.702 379.936 Endowment funds Miss Cook Legacy 122,530 22,839 {145,369) TOTAL FUNDS 602,088 (7,998) 594.090 Page 21 continued...
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020 11. MOVEMENT IN FUNDS - continued A current year 12 months and prior year 12 months combined net movement in funds, induded i abovè are as follows.. the Incoming resource5 Resour$ expended Gains and losses Moven7ent in funds Unrestricted funds General fund Investments Miss C(x)k Legacy PCC Account 495.222 1556.335) {1) 161.1131 4,274 14.311 4.275 9.957 308 4,354 499.579 {556,3351 14.540 (42,2161 Restri¢tÈd funds Organ Appeal Grant Bequest Fund Church Hall Account Fabric of Church Account Church Repair Fund Land Adj. to Church House Upkeep of graveyard Gambia Special Collections Other Restricted Funds War Memorial WWI Project Assouated Vicar Fund 130 12201 1901 191 49 8.643 (21,0191 9.746 (1,921} 352 511 (273} (2,0671 {3.993} 21,250 191 49 101 20.868 2.016 5.385 2.797 589 4.000 9,859 8,543 13,500 7.731 155,3871 {7,3061 (2,4451 1781 14,2731 {11.9261 13,9931 21,250 67,044 185,630) 29.965 11,379 Endowment funds Miss Cook Legacy 22.839 22.839 TOTAL FUNDS 566.623 1641.965) 67,344 {7.9981 RELATED PARTY DISCLOSURES There were no telated party transactions for the year ended 31 December 2020. Page 22
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT DETAILED STATEMENT OF FINANCIAL ACTivrriES FOR THE YEAR ENDED 31 DECEMBER 2020 2020 2019 INCOME AND ENDOWMENTS Donations and legacles collecb.ons Gill Aid Special Charitsble Appeals Grants 136,553 23,267 3,566 15.018 125.403 35,487 10.540 3,371 178,404 174,801 Other trading activities Charitsble activrty income 27.241 35,181 Invèstment income Dividend Income Deposit account interest 13.581 133 15,142 140 13.714 15,282 Charitable activities Other income 42.917 79,083 Total incorning resources 262,276 304,347 EXPENDITURE Raising donations and legacies Magazine Expenses Coffee, lea expenses Fete expenses Fundraising 25,707 4.953 27,169 5.624 1,307 1.598 30,660 35.698 Charitable activities Clergy costs Insurance Ulilily costs Telephone, post & stationery Repairs g Maintenance Charitable Donations Church running costs 125,566 12,876 20.583 4.422 46.678 11.083 26,005 132.452 12,110 29,192 5,149 53,608 4,165 40,591 247,213 277,267 This page d¢)es nol form part of the statutory financial slatements Page 23
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SUNNINGHILL AND SOUTH ASCOT DETAILED STATEMENT OF FINANCL4L ACTivfTIES FOR THE YEAR ENDED 31 DECEMBER 2020 2020 2019 Support ¢o$ts Other Depreciation of tangible fixed assets 18.254 16,738 Govemance costs Accountancy fees Legal & professional fees 3,781 2,367 1971 6,148 9.987 Total resources expended 302,275 339,690 Net expenditure before gains and losses {39.999) {35 343} Realised recognised gains and losses Realised gainslllosses} on fixed asset investments (21.274} 88.618 Net lexperJditure)lincome 161,2731 53,275 This page does not form part of the statutory financial statements Page 24