MORDEN PARISH
ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020
FLB Accountants LLP Chartered Accountants Global House 1 Ashley Avenue Epsom Surrey KT18 5FL
Page 1
MORDEN PARISH
ANNUAL REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2020
The Members of the PCC present their report and the financial statements for the year ended 31[st] December 2020.
REFERENCE AND ADMINISTRATIVE DETAILS
REGISTERED CHARITY NO.
1135317
The Parish of Morden comprises four separate Churches - Emmanuel, St. George, St. Lawrence and St. Martin. The Parish is managed by a Parochial Church Council (PCC). Each individual Church is looked after by a District Church Council (DCC). The Parish falls within the Deanery of Merton, the Archdeaconry of Lambeth and Diocese of Southwark.
Contact can be made with the PCC via the Parish Office at The Rectory, London Road, Morden SM4 5QT.
Emmanuel St George St. Lawrence St. Martin
Rev. David Ruddick (Team Vicar) Rev. Al Wenham (Team Vicar) Rev. David Heath-Whyte (Team Rector) Rev. Mark Davey (Team Vicar)
Parish Wardens
Charles Jeffery Mick Towse
Elected to Diocesan Synod Jean Dowdeswell
Elected to Deanery Synod
Tom Cantell (resigned 11.10.2020) Jean Dowdeswell Clare Heath-Whyte (appointed 11.10.2020) Maurice Gilley (re-appointed 11.10.2020) Charles Jeffery (re-appointed 11.10.2020) Sharon Jeffery (re-appointed 11.10.2020) Derek Jordan (re-appointed 11.10.2020) Andrew Laws (died 22.04.2020) Andrea Ruddick (resigned 11.10.2020) Chris Scoffield (re-appointed 11.10.2020) Elizabeth Scoffield (appointed 11.10.2020) Margaret Taylor (re-appointed 11.10.2020) Trevor Taylor (re-appointed 11.10.2020) Mick Towse (re-appointed 11.10.2020) Simon Wakely (appointed 11.10.2020)
PCC Secretary Jean Dowdeswell
Honorary Curates Precious Omuku
Elected Members
Ade Adebayo Jason Armstrong Graham Belcher
Elected Members (continued) Brian Birch Rebecca Blatchford (resigned 01.07.2020) Pauline Botting Ken Brown (appointed 14.04.2019) Paul Burgoyne (resigned 11.10.2020) Tom Cantell John Crowson (resigned 11.10.2020) Jean Dowdeswell Catherine Edwards David French (resigned 11.10.2020) Maurice Gilley Steve Harries (resigned 01.09.2020) Clara Heath-Whyte (appointed 11.10.2020) Peter Hopkins Charles Jeffery Sharon Jeffery Derek Jordan Andrew Laws (died 22.04.2020) Kay Loader (resigned 11.10.2020) John Mosely Jane Pearson (appointed 11.10.2020) Sheeba Robindram (resigned 11.10.2020) Andrea Ruddick (resigned 11.10.2020) Chris Scoffield Elizabeth Scoffield (appointed 11.10.2020) Margaret Taylor Trevor Taylor Mick Towse Simon Wakely (appointed 11.10.2020) Adeline Wenham (appointed 11.10.2020) Sue White Alunda Young (appointed 11.10.2020)
Page 2
MORDEN PARISH
ANNUAL REPORT
FOR THE YEAR ENDED 31ST DECEMBER 2020 (continued)
STRUCTURE, GOVERNANCE AND MANAGEMENT
The Parish derives its governance from the Diocese of Southwark and is part of the Church of England. As with all other parishes in England, the Parish is now required to obtain independent registration with the Charity Commission. The Parish was formally registered on 30th March 2010.
Members of the PCC are either ex officio or elected by the Annual Parochial Church Council Meeting in accordance with the Church Representation Rules and the formal Diocesan arrangement for the governance of the Parish.
There is no formal induction process for new members of the PCC. They are provided support and assistance by their Team Vicar and other Church PCC members.
OBJECTS AND ACTIVITIES
The Parish has the following objectives:
-
➢ to provide regular public worship which is open to all;
-
➢ to provide Pastoral visiting and counselling;
-
➢ to provide teaching of Christianity by means of sermons, courses and groups;
-
➢ to provide Christian youth work and school assemblies;
-
➢ to promote Christianity through events, meetings and literature distribution;
-
➢ to promote Church mission work, e.g. senior citizens, carers and toddler groups; and
-
➢ to supporting charities in the United Kingdom and overseas
ACHIEVEMENTS AND PERFORMANCE
The coronavirus pandemic had a significant impact on regular worship during 2020. Online services replaced services in church during the first lockdown and again at the end of the year. Services were also available online during the period between the two lockdowns when the church buildings were open. Each church provided at least one Sunday service each week, though many of them were online only.
Jacob Stevens joined us as a parish trainee in November. He has been based at St Lawrence.
The pandemic also had an impact on our local schools. They provided face to face teaching for the children of key workers and those with special educational needs, but school visits were restricted. Parish clergy responded by contributing to regular video assemblies. Several congregation members are school governors.
Page 3
MORDEN PARISH
ANNUAL REPORT FOR THE YEAR ENDED 31ST DECEMBER 2020 (continued)
FINANCIAL REVIEW
Overall income reduced by just under 3% compared with 2019, largely due to the coronavirus pandemic. The impact of the pandemic on income was mainly limited to hall rents and loose giving. Most of the donated income received by the parish is through bank standing orders, which for most of the team churches saw a small increase compared with 2019.
Because of the pandemic routine expenditure was reduced. Work on the St Lawrence East Window went ahead, along with the refurbishment of Emmanuel church hall. Because of these exceptional expenses the total spent was almost 25% more than in 2019.
The total value of our endowment funds increased by £13,467 or 8%.
Overall fund balances, excluding properties (which are treated as fixed assets) and endowments, reduced from £392,171 to £227,333, a decrease of just over 42%. But a significant portion of the reduction related to restricted funds (in particular the use of £136,181 from the Ivy Morris Fund to fund the St Lawrence East Window work). The overall balances of the unrestricted funds reduced from £250,561 to £200,935, a decrease of just under 20%. Refurbishment of the Emmanuel church hall accounted for just over £20,000 of this reduction.
SAFEGUARDING
The Parish of Morden appoints a Parish Safeguarding Officer. Each of the individual churches appoint their own Safeguarding Officers who ensure that Disclosure and Barring checks are updated and that regular training is undertaken by those in their congregations. The Parish complies with the requirements of the Diocese and Charity Commission, including the recent requirements relating to the reporting of serious incidents. The members of the PCC pay due regard to the House of Bishops' advice and guidance on safeguarding.
PUBLIC BENEFIT REQUIREMENT
The Parochial Church Council have complied with the duty in the Charities Act 2011 to have regard to guidance published by the Charity Commission concerning the public benefit requirement
APPROVAL
The Annual Report was approved by the Parochial Church Council on 27[th] April 2021 signed on its behalf by:-
C. Jeffery
M. Towse
Page 4
INDEPENDENT EXAMINER'S REPORT
TO MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF
MORDEN PARISH
I report on the accounts of the charity for the year ended 31[st] December 2020.
Respective responsibilities of members of the PCC and examiner
The members of the Parochial Church Council (PCC) are responsible for the preparation of the accounts. The members of the PCC consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
examine the accounts under section 145 of the 2011 Act;
-
to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
-
to state whether particular matters have come to my attention.
Basis of independent examiner's report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and the seeking of explanations from you as Members of the PCC concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and, consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the statement below.
Independent examiner's statement
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that, in any material respect, the requirements:
-
to keep accounting records in accordance with section 130 of the 2011 Act; and
-
to prepare accounts which accord with the accounting records and to comply with the accounting requirements of the 2011;
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Global House 1 Ashley Avenue Epsom Surrey KT18 5FL 27[th] April 2021
DANIEL FAUST, FCCA FLB ACCOUNTANTS LLP CHARTERED ACCOUNTANTS
Page 5
MORDEN PARISH
STATEMENT OF FINANCIAL ACTIVITIES
FOR THE YEAR ENDED 31ST DECEMBER 2020
| General Restricted Endowment TOTAL Notes Funds Funds Funds 2020 £ £ £ £ INCOME AND ENDOWMENTS Donations and legacies Incoming resources from donors 2 242,954 4,369 - 247,323 Other voluntary incoming resources 2 40,172 49,963 - 90,135 283,126 54,332 - 337,458 Charitable Activities Activities in furtherance of the councils objects 2 20,081 59 - 20,140 Investments Income from investments 2 46,962 848 5,002 52,812 Other Activities Activities for generating funds 2 57 25,049 - 25,106 Other Receipts Insurance claims 1,780 - - 1,780 TOTAL INCOME 352,006 80,288 5,002 437,296 EXPENDITURE Raising Funds Costs of generating funds 3 - - - - Charitable Activities Grants 3 2,460 45,792 - 48,252 Activities relating to the work of the Church 3 316,340 204,054 - 520,394 Support costs 3 26,755 - - 26,755 Governance costs 3 4,680 - - 4,680 350,235 249,846 - 600,081 TOTAL EXPENDITURE 350,235 249,846 - 600,081 NET INCOME (EXPENDITURE) FOR THE YEAR 1,771 (169,558) 5,002 (162,785) Gains (Losses) on Investment Assets - - 11,414 11,414 Transfers between Funds (27,682) 30,631 (2,949) - NET MOVEMENT IN FUNDS ( 25,911) (138,927) 13,467 ( 151,371) Fund balances brought forward 2,433,426 165,325 165,803 2,764,554 FUND BALANCES CARRIED FORWARD2,407,515 26,398 179,270 2,613,183 ======= ====== ====== ======= |
TOTAL 2019 £ 243,070 78,134 321,204 40,822 45,432 42,055 1,240 450,753 81 39,301 401,215 35,388 4,680 480,584 480,665 (29,912) 27,611 - ( 2,301) 2,766,855 2,764,554 ======= |
|---|---|
The notes on pages 7 to 15 form part of these financial statements.
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MORDEN PARISH
STATEMENT OF FINANCIAL POSITION
31ST DECEMBER 2020
| Notes FIXED ASSETS Tangible fixed assets 4 CURRENT ASSETS Current asset investments 5 Debtors 6 Cash at bank and in hand CREDITORS:Amounts falling due within one year 7 NET CURRENT ASSETS NET ASSETS ACCUMULATED FUNDS |
General Funds (see note 8) £ 2,206,580 - 38,349 222,591 260,940 60,005 200,935 2,407,515 ======= 2,407,515 ======= |
Restricted Funds (see note 9) ( £ - - - 26,398 26,398 - 26,398 26,398 ====== 26,398 ====== |
Endowment Funds see note 10) £ - 179,270 - - 179,270 - 179,270 179,270 ====== 179,270 ====== |
TOTAL 2020 £ 2,206,580 179,270 38,349 248,989 466,608 60,005 406,603 2,613,183 ======= 2,613,183 ======= |
TOTAL 2019 £ 2,206,580 |
|---|---|---|---|---|---|
165,803 49,733 374,449 |
|||||
589,985 32,011 |
|||||
557,974 |
|||||
2,764,554 ======= 2,764,554 ======= |
The financial statements were approved by the Parochial Church Council on 27[th] April 2021and signed on its behalf by:-
C. Jeffery M. Towse
The notes on pages 7 to 15 form part of these financial statements.
Page 7
MORDEN PARISH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020
1. ACCOUNTING POLICIES
Accounting basis
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note to these accounts.
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in September 2015 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and the Church Accounting Regulations.
The PCC constitutes a public benefit entity as defined by FRS 102.
The Members of the PCC consider that there are no material uncertainties about the PCC's ability to continue as a going concern.
The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of Church Groups that owe their main affiliation to another body nor those that are informal gatherings of Church Members.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires the Members of the PCC to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Funds
Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use.
Designated funds represent funds designated by the PCC for a specific purpose. Such funds are still unrestricted and may be re-designated by the PCC.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor.
Endowment funds have similar restrictions with the additional proviso that only the income can be spent without permission from the original donor or the Charity Commission.
Income recognition
Collections and stewardship giving are recognised when received by or on behalf of the PCC.
Legacies 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.
Income tax recoverable on covenants or gift aid donations is recognised when the related income is recognised.
Rental income from the letting of Church premises is recognised when the rental is due.
The Churches are greatly assisted by voluntary help and donations in kind. These are not reflected in the financial statements as they are not capable of accurate financial measurement.
Page 8
MORDEN PARISH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020 (continued)
1. ACCOUNTING POLICIES (continued)
Expenditure recognition
Resources expended are recognised in the period in which they are incurred. Resources expended include VAT which cannot be recovered.
Grants are made by individual DCCs and are recognised when the grant is approved.
Fixed Assets
Consecrated and benefice property is excluded from the financial statements by section 10 of the Charities Act 2011.
Movable Church furniture held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are accounted as inalienable property and are listed in the inventories of the Churches.
All expenditure incurred during the year on consecrated or benefice buildings and movable Church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities.
Freehold Land and Buildings have been included at market value upon incorporation of FRS102. It has not been possible to obtain historic costs for certain properties due to the historic nature of their acquisition.
The members of the PCC are currently considering a suitable method of depreciation of these assets.
2. INCOME
| Unrestricted Restricted Funds Funds £ £ Income from donors Gift Aid - Bank 155,269 4,044 Gift Aid - Envelopes 12,597 - Tax recoverable on Gift Aid 45,343 - Other planned giving 23,912 - Loose plate collections 3,933 - Regular gift days 1,900 325 242,954 4,369 |
Total Funds 2020 2019 £ £ 159,313 148,209 12,597 16,245 45,343 42,947 23,912 22,779 3,933 12,039 2,225 851 247,323 243,070 |
Total Funds 2020 2019 £ £ 159,313 148,209 12,597 16,245 45,343 42,947 23,912 22,779 3,933 12,039 2,225 851 247,323 243,070 |
|---|---|---|
| 243,070 |
Page 9
MORDEN PARISH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020 (continued)
2 INCOME (continued)
| Unrestricted Restricted Endowment Funds Funds Funds £ £ £ Other voluntary income Legacies 19,755 - - Donations, appeals, etc. 13,139 8,221 - One-off gifts 2,250 285 - Recurring grants 3,028 - - One off grants 2,000 41,457 - 40,172 49,963 - Activities in furtherance of the councils objects Fees to PCC 1,416 - - Income from church hall 9,085 - - Bookstall sales 621 59 - Rent: Church/LDF building use8,959 - - 20,081 59 - Income from investments Dividends - - 5,002 Rent: PCC land/buildings 46,640 - - Bank interest - 848 - CCLA Interest 322 - - 46,962 848 5,002 Fundraising activities Rummage sales, etc. 57 - - Other funds generated - 25,049 - 57 25,049 - Other Receipts Insurance claims 1,780 - - |
Total Funds 2020 2019 £ £ 19,755 7,000 21,360 60,660 2,535 7,480 3,028 2,894 43,457 100 90,135 78,134 1,416 3,100 9,085 20,677 680 953 8,959 16,092 20,140 40,822 5,002 4,804 46,640 38,422 848 1,676 322 530 52,812 45,432 57 7,934 25,049 34,121 25,106 42,055 1,780 1,240 |
Total Funds 2020 2019 £ £ 19,755 7,000 21,360 60,660 2,535 7,480 3,028 2,894 43,457 100 90,135 78,134 1,416 3,100 9,085 20,677 680 953 8,959 16,092 20,140 40,822 5,002 4,804 46,640 38,422 848 1,676 322 530 52,812 45,432 57 7,934 25,049 34,121 25,106 42,055 1,780 1,240 |
|---|---|---|
| 78,134 | ||
3,100 20,677 953 16,092 |
||
40,822 |
||
4,804 38,422 1,676 530 |
||
| 45,432 | ||
7,934 34,121 |
||
42,055 |
||
1,240 |
3. EXPENDITURE
| Unrestricted Restricted Funds Funds £ £ Costs of generating funds Cost of fetes & other events - - |
Total Funds 2020 2019 £ £ - 81 |
|---|---|
Page 10
MORDEN PARISH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020 (continued)
3. RESOURCES EXPENDED (continued)
| Unrestricted Restricted Funds Funds £ £ Grants CMS (including SAMS) - 6,300 TEAR fund - 3,144 Overseas mission societies 600 8,525 Release International - 900 Crosslinks - 5,567 AIM 600 6,547 Christian Agencies 3,600 Home mission 510 3,000 LCM (Merton Schools) 750 5,048 SSCWT - 1,600 St Raphael's Hospice - - Sundry grants under £1,000 - 1,561 2,460 45,792 Activities relating to the work of the Church Common Fund - - Ministry Parish share etc. 164,974 - Stipend contribution 20,008 - Working expenses of incumbents 2,248 - Church running costs – utilities 9,299 - Church running costs – cleaning 679 - Church maintenance 22,254 - Church insurance 8,507 - Organ/piano tuning 196 - Upkeep of services 16,431 - Upkeep of churchyard 7,914 - Magazine and bookstall expense 1,048 78 Parish training and mission 3,367 10 Education 265 223 Parsonage house expenses 4,468 - Assistant staff costs 912 - Miscellaneous expenses 187 - Other PCC property upkeep 10,000 - Hall running costs - utilities 8,856 - Hall running costs - cleaning 3,103 - Hall running costs - repairs 4,232 - Hall running costs - insurance 2,512 - Salaries (except administrator) 676 - Major repairs/installations - church hall 21,474 - Major repairs/installations - church 2,730 203,743 316,340 204,054 |
Total Funds 2020 2019 £ £ 6,300 6,780 3,144 2,133 9,125 4,200 900 2,091 5,567 5,908 7,147 5,738 3,600 3,600 3,510 1,870 5,798 3,137 1,600 922 - 1,502 1,561 1,420 48,252 39,301 - 427 164,974 159,620 20,008 19,707 2,248 6,439 9,299 13,552 679 1,479 22,254 34,726 8,507 7,862 196 140 16,431 8,543 7,914 2,218 1,126 1,025 3,377 11,992 488 352 4,468 4,326 912 8,954 187 642 10,000 13,369 8,856 8,172 3,103 3,007 4,232 6,307 2,512 3,248 676 1,332 21,474 8,335 206,473 75,441 520,394 401,215 |
Total Funds 2020 2019 £ £ 6,300 6,780 3,144 2,133 9,125 4,200 900 2,091 5,567 5,908 7,147 5,738 3,600 3,600 3,510 1,870 5,798 3,137 1,600 922 - 1,502 1,561 1,420 48,252 39,301 - 427 164,974 159,620 20,008 19,707 2,248 6,439 9,299 13,552 679 1,479 22,254 34,726 8,507 7,862 196 140 16,431 8,543 7,914 2,218 1,126 1,025 3,377 11,992 488 352 4,468 4,326 912 8,954 187 642 10,000 13,369 8,856 8,172 3,103 3,007 4,232 6,307 2,512 3,248 676 1,332 21,474 8,335 206,473 75,441 520,394 401,215 |
|---|---|---|
401,215 |
Page 11
MORDEN PARISH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020 (continued)
3. RESOURCES EXPENDED (continued)
| Unrestricted | Restricted | Total |
Funds | ||
|---|---|---|---|---|---|
| Funds | Funds | 2020 | 2019 | ||
| £ | £ | £ | £ | ||
| Support costs | |||||
| Administration | 6,366 | - | 6,366 | 9,636 | |
| Administrators' salaries | 20,389 | - | 20,389 | 25,752 | |
| 26,755 | - | 26,755 | 35,388 | ||
| Governance costs | |||||
| Accountancy fees | 4,680 | - | 4,680 | 4,680 | |
| 4. | FIXED ASSETS | ||||
| Freehold Land and Buildings | |||||
| £ | |||||
| Valuation | |||||
| As at 1.1.2020 and 31.12.2020 | 2,206,580 | ||||
| ======= | |||||
| Net Book Value | |||||
| As at 31.12.2020 and 31.12.2020 | 2,206,580 | ||||
| ======= | |||||
| The Freehold Land and Buildings comprise | |||||
| Original | Revalued | ||||
| Cost | Cost | ||||
| £ | £ | ||||
| Emmanuel Church Hall & Annex | 15,709 | 115,000 | |||
| 140 Stonecot Hill (being 69.56% of the property) | 32,000 | 313,020 | |||
| 49 Camborne Road (being 62.26% of the property) | 94,950 | 373,560 | |||
| 23 Cedars Road | 42,877 | 450,000 | |||
| Parish Hall Complex (now split into 4 distinct properties) | 41,010 | - | |||
| Parish Hall | - | 105,000 | |||
| Parish Hall Bungalow | - | 300,000 | |||
| Hall Cottage | - | 200,000 | |||
| Old School House | - | 350,000 | |||
| 226,546 | 2,206,580 | ||||
| ====== | ======= |
The original historic costs have been obtained from Parish records of which some date back over 70 years. The properties at 140 Stonecot Hill and 49 Camborne Road were purchased with the assistance of the Diocese who own the balance of the share in the property, ownership percentage being based on contribution towards cost by each party.
Page 12
MORDEN PARISH
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST DECEMBER 2020 (continued)
| 5. | CURRENT ASSET INVESTMENTS | ||
|---|---|---|---|
| 2020 | 2019 | ||
| £ | £ | ||
| Central Board of Finance | 179,270 | 165,803 | |
| ====== | ====== |
Funds are invested through the Church of England Central Board of Finance. Units held are shown at closing value at the year end.
| 6. | DEBTORS | ||
|---|---|---|---|
| 2020 | 2019 | ||
| £ | £ | ||
| Sundry debtors and prepayments | 38,349 | 49,733 | |
| ===== | ===== | ||
| 7. | CREDITORS: amounts falling due within one year | ||
| 2020 | 2019 | ||
| £ | £ | ||
| Sundry creditors and accruals | 60,005 | 32,011 | |
| ===== | ===== |
Page 13
MORDEN PARISH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020
(continued)
8. GENERAL (UNRESTRICTED) FUNDS
| Balance Incoming Resources 1.1.2020 Resources Expended Transfers £ £ £ £ The Designated Funds comprise:- Fixed Asset Fund 2,206,580 - - - Emmanuel - General Fund 60,282 90,384 ( 24,869) ( 72,340) - Discretionary Fund 108 - - 92 - Church Hall Fund 25,072 5,224 ( 27,334) ( 2,062) - Special Fund 1,039 - - - - Mums and Toddlers Fund 176 300 ( 72) - St. George - General Fund 75,561 42,364 ( 20,771) ( 21,009) St. Lawrence - General Fund 16,657 91,596 ( 8,164) ( 83,818) - 25K Donation 15,580 - - 10,000 St. Martin - General Fund 532 70,459 (5,363) ( 65,483) - Maintenance Fund 31,896 7,050 ( 15,834) ( 11,070) - Youth Work 2,668 - ( 166) - - Bernard Towse Memorial Fund 989 - - - - Sick & Needy Fund 308 - - - Parish Fund - General Fund - 3,416 (227,388) 223,972 - Emmanuel cleaner - 42 ( 1,582) 1,540 - Gift Day Fund 1,420 - - ( 1,420) - Church Hall Fund - 1,581 ( 9,319) 7,738 - St Martin's cleaner - - (41) 41 - Property Fund (5,442) 39,590 (9,332) (13,863) 2,433,426 352,006 (350,235) ( 27,682) ======= ====== ====== ====== |
Balance 31.12.2020 £ 2,206,580 53,457 200 900 1,039 404 76,145 16,271 25,580 145 12,042 2,502 989 308 - - - - - 10,953 2,407,515 ======= |
|---|---|
Page 14
MORDEN PARISH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020 (continued)
9. RESTRICTED FUNDS
| Balance | Incoming | Resources | Balance | |||
|---|---|---|---|---|---|---|
| 1.1.2020 | Resources | Expended | Transfers | 31.12.2020 | ||
| £ | £ | £ | £ | £ | ||
| The Restricted Funds comprise:- | ||||||
| Emmanuel | ||||||
| - Missionary Fund | 830 | 317 | ( 11,772) | 10,625 | - | |
| - Bible Notes Fund | 362 | 59 | ( 77) | - | 344 | |
| - Junior Church Fund | 355 | - | ( 223) | 145 | 277 | |
| St. George | ||||||
| - Missionary Fund | - | - | ( 2,592) | 2,592 | - | |
| - Church Hall Fund | - | 4,000 | - | - | 4,000 | |
| St. Lawrence | ||||||
| - Missionary Fund | - | 1,346 | ( 9,962) | 8,616 | - | |
| - Weekend away | - | - | ( 10) | 10 | - | |
| - Ivy Morris Fund | 153,437 | 67,555 | (203,743) | - | 17,249 | |
| - Giftday Donations Fund | 674 | - | - | - | 674 | |
| - DHW - SBT Ugand | 2,962 | - | ( 2,962) | - | - | |
| St. Martin | ||||||
| - Missionary Fund | 5,664 | 7,011 | ( 15,579) | 6,643 | 3,739 | |
| Parish Fund | ||||||
| - Missionary Fund | 1,041 | - | (2,926) | 2,000 | 115 | |
| 165,325 | 80,288 | (249,846) | 30,631 | 26,398 | ||
| ====== | ===== | ====== | ===== | ===== |
Page 15
MORDEN PARISH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020 (continued)
10. ENDOWMENT FUNDS
| Balance | Incoming | Investment | Balance | ||
|---|---|---|---|---|---|
| 1.1.2020 | Resources | Gains | Transfers | 31.12.2020 | |
| £ | £ | £ | £ | £ | |
| The Endowment Funds | comprise:- | ||||
| St. Lawrence | |||||
| - Pylbrook Charity | 146,640 | 4,415 | 10,188 | ( 2,362) | 158,881 |
| - Urquhart Bequest | 4,029 | 123 | 258 | ( 123) | 4,287 |
| - Peers Bequest | 14,288 | 438 | 914 | ( 438) | 15,202 |
| St. Martin | |||||
| - Froude Bequest | 846 | 26 | 54 | (26) | 900 |
| 165,803 | 5,002 | 11,414 | ( 2,949) | 179,270 | |
| ====== | ==== | ===== | ===== | ====== |