## **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 FORWARD**2,407,515
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. Page 6 ## **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| ||======|====|=====|=====|======|