## **The Arden Marches Group of Churches**
## **Parish of Studley with Mappleborough Green**
(Church of the Nativity of the Blessed Virgin Mary, Studley) (Church of the Holy Ascension, Mappleborough Green)
## **Accounts for the Year Ended 31st December 2020**
y
with Mappleborough Green
Registered Charity Number: 1135615
## **Studley with Mappleborough Green**
## **Accounts for the Year Ended 31st December 2020**
## **Table of Contents**
|**Reference**||**Description**||**Page**|
|---|---|---|---|---|
||||||
|||**Table of Contents**||**(i)**|
|||**Independent Examiner's Report**||**(ii)**|
|||**Statement of Financial Activities (by Funds)**||**1**|
|||**Statement of Financial Activities (by Church)**||**2**|
|||**Balance Sheet**||**3**|
|||**Review of Financial Activities**||**4**|
|||**Notes to the Financial Statements:**|||
|1||Accounting Policies - Funds and Incoming Resources||**5**|
|1||Accounting Policies - Resources Used and Fixed Assets||**6**|
|2||Incoming Resources - PCC, Studley and Mappleborough Churches||**7 a**|
|2||Incoming Resources - Studley Church by account type||**7 b**|
|2||Incoming Resources - Mappleborough Church by account type||**7 c**|
|3||Resources Used - PCC, Studley and Mappleborough Churches||**8 a**|
|3||Resources Used - Studley Church by account type||**8 b**|
|3||Resources Used - Mappleborough Church by account type||**8 c**|
|||**Supplementary Detail:**|||
|2||Income: Grants, Legacies, Fund Raising and Donations||**9**|
|3||Expenditure: Grants and Activities Directly Relating to Church Work||**10**|
|3||Expenditure: Activities Directly Relating to Church Work (continued)||**11**|
|3||Expenditure: Fund Raising and Publicity, Church Administration||**12**|
|4 to 9a||Staff Costs, Fixed Assets, Church Equipment and Investments||**13**|
|||Debtors, Liabilities, Bank Accounts and Funds|||
|5a||Schedule of Fixed Assets - Detail||**14**|
|9b||Fund Holdings||**15**|
|||Christian Ministry Analysis||**16**|
|||Studley Income & Expenditure and Giving v Costs History||**17 & 18**|
|||Mappleborough Green Income & Expenditure and Giving v Costs History||**19 & 20**|
(i)
**Independent Examiner's Report to the PCC of Studley with Mappleborough Green**
This report on the financial statements of the PCC for the year ended 31st December 2020, comprising the Statement of Financial Activities and Balance Sheet on pages 1 to 3 and Notes to the Financial Statements, numbered 1 to 9 (including also detailed notes 2 and 3 on Incoming Resources and Resources Used, for both St. Mary's and Holy Ascension), is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 ("the Regulations") and S.43 of the Charities Act 1993 ("the Act")
## **Respective Responsibilities of Trustees and Examiner**
As members of the PCC you are responsible for the preparation of the financial statements; you consider that the audit requirements of the Regulations and Section 43(2) of the Act do not apply. It is my responsibility to issue this report on those accounts in accordance with the terms of the Regulations.
## **Basis of this Report**
My examination was carried out in accordance with the General Directions given by the Charity Commission under Section 43(7)(b) of the Act and to be found in the Church guidance, 2006 edition. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.
## **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 41 of the Act: and
- to prepare financial statements which accord with the accounting records and comply with the requirements of the Act and the Regulations 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.
Simon Billingham FCCA Independent Examiner 10th February 2021
(ii)
## **Parish of Studley with Mappleborough Green Statement of Financial Activities (by Fund) for the year ended 31st December 2020**
|**Note**
**Income and endowments from:**
Donations and legacies
2(a)+(b)
Income from charitable activities
2(b)(i)
Other trading activities
2(c)
Investments
2(e)
Other income
2(b)(ii)
**Total incoming resources**
**Expenditure on:**
Raising funds
3(c)
Expenditure on charitable activities
3(b)
Other expenditure
3(d)
**Total resources used**
**Net incoming / outgoing resources before transfer**
**Transfers**
Gross transfers between funds - in
Gross transfers between funds - out
**Net incoming before other gains and losses**
**Other recognised gains / losses**
Gains / losses on investment assets
Gains on revaluation, fixed assets, charity's own use
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward at 1st January
**Total funds carried forward at 31st December**|**2020**|**2020**|**2020**|**2020**|**2020**|**2019**|
|---|---|---|---|---|---|---|
||**Unrestricted **|**Designated **|**Restricted **|**Endowment**|**Total**|**Prior Year**|
||73,632
3,604
77,236
219,933
1,183
3,023
4,725
7,748
18,839
6,124
266
6,390
5,788
1,740
1,740
1,702||||||
||**82,779**
**10,335**
**93,114**
**247,445**||||||
||168
87,045
82,923
169,968
110,047
50
50
50||||||
||**87,095**
**82,923**
**170,018**
**110,265**||||||
||||||||
||**-4,316**
**-72,588**
**-76,904**
**137,180**||||||
||37
20,652
20,689
600
-20,652
-37
-20,689
-600||||||
||**-24,931**
**-51,973**
**-76,904**
**137,180**||||||
||-18,142
-18,142
14,902||||||
||**-24,931**
**-18,142**
**-51,973**
**-95,046**
**152,082**
229,454
104,860
100,736
194,056
629,106
477,024||||||
||**204,523**
**86,718**
**48,763**
**194,056**
**534,060**
**629,106**||||||
1
## **Parish of Studley with Mappleborough Green Statement of Financial Activities (by Church) for the year ended 31st December 2020**
|**Income & Endowments (Page 7(a) to 7(c) for Detail)**
Donations and Legacies
Other Trading Activities
Income from Charitable Activities
Other Ordinary Incoming Resources
Investments
**Total Income & Endowments**
**Expenditure (Page 8(a) to 8(c) for Detail)**
Expenditure on Charitable Activities
Raising Funds
Other Expenses
**Total Resources Used**
**Net Incoming / (Outgoing) Resources**
**Gains and Losses on Investments**|||**2020**|**2020**|||**2019**|**2019**|||
|---|---|---|---|---|---|---|---|---|---|---|
||**Note**|**Parish**
**Fund**|**St. Mary's**
**Studley**|**Holy**
**Ascension**|**Total**
**Funds**|**Parish**
**Fund**|**St. Mary's**
**Studley**|**Holy**
**Ascension**|**Total**
**Funds**|**Year on**
**Year**
**Change**|
|||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|
||2(a+b)
396
2(c)
2(b)(i)
2(b)(ii)
1,740
2(e)
**2,136**
3(b)
169
3(c)
3(d)
**169**
1,967||51,556
6,116
1,723|25,284
1,632
4,667||1,177
1,702|154,174
15,844
196|64,582
2,995
1,183
5,592|219,933
18,839
1,183
1,702
5,788|-142,697
-11,091
-1,183
38
602|
|||**2,136**|**59,395**|**31,583**|**93,114**|**2,879**|**170,214**|**74,352**|**247,445**|**-154,331**|
|||169|71,203
33|98,596
17|169,968
50|4,287|71,034
33|34,725
168
17|110,047
168
50|59,921
-168|
|||**169**|**71,236**|**98,613**|**170,018**|**4,287**|**71,067**|**34,911**|**110,265**|**59,753**|
|||1,967|2(a)
-11,841|-67,030|-76,904|-1,408|99,147|39,441|137,180|-214,084|
## **Parish of Studley with Mappleborough Green Statement of Financial Activities (by Church) for the year ended 31st December 2020**
|- Realised
- Unrealised
**Depreciation Charged in Year (Page 14 for Detail)**
**Net Movement in Funds**
Balance Brought Forward at 1st January
**Balance Carried Forward at 31st December**|||**2020**|**2020**|||**2019**|**2019**|||
|---|---|---|---|---|---|---|---|---|---|---|
||**Note**|**Parish**
**Fund**|**St. Mary's**
**Studley**|**Holy**
**Ascension**|**Total**
**Funds**|**Parish**
**Fund**|**St. Mary's**
**Studley**|**Holy**
**Ascension**|**Total**
**Funds**|**Year on**
**Year**
**Change**|
|||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|
|||||-18,142||||14,902|14,902|-33,044|
|||**1,967**
6,303|**-11,841**
299,186|**-85,172**
323,617|**-95,046**
629,106|**-1,408**
7,711|**99,147**
200,039|**54,343**
269,274|**152,082**
477,024|**-247,128**
152,082|
|||**8,270**|**287,345**|**238,445**|**534,060**|**6,303**|**299,186**|**323,617**|**629,106**|**-95,046**|
2(b)
## **Parish of Studley with Mappleborough Green Balance Sheet at 31st December 2020**
|**See Page 13 for Detail**
**Fixed Assets**
Tangible Fixed Assets
Investment assets
**Total Fixed Assets**
**Current Assets**
Debtors
Short Term Deposits
Cash at Bank and in Hand
**Total Current Assets**
**Liabilities**
Amounts Falling Due Within One Year
**Net Current Assets**
**Net Assets**
**Funds**
Unrestricted
Designated
Restricted
Endowment
Total|||**2020**|**2020**|||**2019**|**2019**|||
|---|---|---|---|---|---|---|---|---|---|---|
||**Note**|**Parish**
**Fund**|**St. Mary's**
**Studley**|**Holy**
**Ascension**|**Total**
**Funds**|**Parish**
**Fund**|**St. Mary's**
**Studley**|**Holy**
**Ascension**|**Total**
**Funds**|**Year on**
**Year**
**Change**|
|||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|
||5a
5b
6
8a
8b
7
9||120,000|74,056
86,426|||120,000|74,056
104,568|194,056
104,568|-18,142|
||||**120,000**|**160,482**|**280,482**||**120,000**|**178,624**|**298,624**|**-18,142**|
|||113
11,457|4,535
156,400
7,288|1,961
55,873
20,159|6,609
212,273
38,904|790
7,414|5,079
163,207
11,762|4,408
134,448
6,137|10,277
297,655
25,313|-3,668
-85,382
13,591|
|||**11,570**|**168,223**|**77,993**|**257,786**|**8,204**|**180,048**|**144,993**|**333,245**|**-75,459**|
||||||||||||
|||**-3,300**|**-878**|**-30**|**-4,208**|**-1,901**|**-862**||**-2,763**|**-1,445**|
||||||||||||
|||**8,270**|**167,345**|**77,963**|**253,578**|**6,303**|**179,186**|**144,993**|**330,482**|**-76,904**|
||||||||||||
|||**8,270**|**287,345**|**238,445**|**534,060**|**6,303**|**299,186**|**323,617**|**629,106**|**-95,046**|
|||102
8,168|138,401
292
28,652
120,000|66,020
86,426
11,943
74,056|204,523
86,718
48,763
194,056|-125
6,428|144,868
292
34,026
120,000|84,711
104,568
60,282
74,056|229,454
104,860
100,736
194,056|-24,931
-18,142
-51,973|
|||**8,270**|**287,345**|**238,445**|**534,060**|**6,302**|**299,186**|**323,617**|**629,106**|**-95,046**|
**Approved by the Parochial Church Council and signed on its behalf by:**
**Chairperson …………………………………Date……………….**
**Member …………………………………Date……………….**
3
**Parish of Studley with Mappleborough Green Review of Financial Activities and Affairs for the Year Ended 31st December 2020**
The activities of the churches for 2020 have been severely impacted by the Covid-19 pandemic meaning that many normal church activities have had to either be cancelled or to be carried out remotely in an appropriate socially distanced manner. This means that normal year on year comparisons are of limited value, although church members have done much to try to mitigate the adverse affects caused by this disruption.
**1. Studley** - In 2020 income from planned giving and general plate collections was some £1,589 higher than 2019. The major areas affected were Gift Aid donations which were some £6,802 higher than the previous year, plate collections £4,080 lower, Gift Aid £1,534 lower, Charities Aid Foundation receipts were £95 lower and Sundry Donations were £496 higher. Income from fees was £3,943 lower than in 2019. The Gift Day in December raised £8,350, £4,306 more than in 2019, and is included in the total receipts. Overall income was £2,954 lower than 2019. Expenditure was £3,091 higher than 2019 and the net result was that total income was less than total expenditure by £5,960 which, when added to the Investment Income of £1,645, gave an overall deficit of £4,315 for the year. In addition the church transferred £152 to the parish centre account and £2,000 to the fabric account. Adding these items to the deficit of £4,315 gives a final deficit of £6,467.
**Mappleborough Green** income from planned giving and general plate was £913 higher than 2019. The areas affected were plate collections down by £1,882, planned giving up £2,077, Charities Aid Foundation level at £300 for the year, Sundry Donations up by £328 and Gift Aid up by £390. Fees income was down £613, and the Gift Day in December raised £2,100, an increase of £981 compared with 2019. There were no fundraising activities in 2020 resulting in the loss of £1,183 of income compared with 2019. Expenditure was £1,536 lower than 2019. Overall expenditure exceeded income producing a loss of £4,669 Dividend and interest income produced a further £4,479 giving a net loss of £190. In addition the church transferred £18,500 to the fabric fund and Covid impacted the Charifund Investment which decreased in value providing an unrealised loss of £18,142 all of which gave a final deficit of £36,832.
Both churches have worked hard to meet costs during the year and as always we are grateful to everyone who assures the work of the church through committed giving of time, talents and money.
**2** 2020 saw a downturn in the financial and investment markets as a result of the Covid pandemic and at the end of the year, as mentioned above, the Mappleborough Green investment in the M&G Investment Fund for Charities showed an unrealised loss of £18,142 which took the investment to a closing balance of £86,426 at 31st December.
**3.** A total of £98,690 was spent on providing the Christian Ministry for the Parish, split between Parish £169, St Mary's £66,748 and Holy Ascension £31,773 (See page 16). This sum included the contribution to the Diocese for the Parish Share of £58,436. The Parish Share included a sum of almost £10,000 paid to the Diocesan Support Fund, to assist churches that are unable to pay the full cost of their clergy. This represents 16% of the full cost of a clergy post.
**4.** Routine Maintenance and Servicing accounted for £6,479 at Studley and £1,567 at Mappleborough Green. These costs were mainly for boiler servicing, fire extiguisher contracts, PAT Testing, minor electrical work, organ tuning , church alarm system maintenances and a new boiler in the Parish Centre. Major expenditure at Studley was £3,462 included the purchase and installation of a new safe in church and some initial roof work. Expenditure at Mappleborough Green amounted to £3,728 for Ankcorn House to cover electrical work, a replacement oil storage tank and a new boundary fence. and £56,839 for the Church covering the installation of toilet facilities and a servery.
**5.** Once again thank you to everyone who has helped with the finances over the past year whether that has been giving regularly to church funds or maintaining the accounts. In particular my thanks to Joyce Duffin and Erica Hayton for their work on the accounts of the two churches. A number of people also provide a variety of resources for which they seek no payment. This is very much appreciated and it is important to bear this in mind when looking at our costs for outreach and services which often do not reflect the full cost because of the generosity of people.
Patrick Smith
4
**Parish of Studley with Mappleborough Green Notes to the Financial Statements for the Year Ended 31st December 2020**
## **1. Accounting Policies**
The Financial Statements have been prepared in accordance with the Church Accounting Regulations 2006, together with applicable accounting standards and the Statement of Recommended Practice (SORP) 2015 (FRS 102).
The Financial Statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The Parish Account receives funds which are provided by both churches, individually, to pay joint costs but the individual costs are reflected in the individual church financial statements which also reflect the appropriate funds. The accounts 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.
## **Funds**
_Unrestricted funds_ are general funds which can be used for PCC ordinary purposes.
_Designated funds_ are part of the unrestricted funds set aside by the PCC for a particular project. The PCC may place these in a separate unrestricted fund called a designated fund. Funds so designated may be redesignated by the PCC and so designation does not prevent funds from being spent on other purposes. All unrestricted funds comprise income funds which the PCC must spend within a reasonable time.
_Restricted funds_ represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.
_Endowment funds_ are funds, the capital of which must be maintained; only income arising from investment of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established.
## **Incoming Resources**
## _**Voluntary Income and Capital Resources**_
Collections are recognised when received by, or on behalf of, the PCC. Planned Giving receivable under covenant is recognised only when received. Income Tax recoverable on covenants or gift aid donations is recognised when the income is recognised.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due.
Funds raised through the fete, garden party and similar events are accounted for gross wherever possible.
## _**Other Ordinary Income**_
Rental Income from the letting of church premises is recognised when the rental is due.
## _**Income from Investments**_
Dividends and interest are accounted for when receivable. Tax recoverable on such income is recognised in the same accounting year.
## _**Gains and Losses on Investments**_
Realised gains or losses are recognised when the investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31st December.
5
**Parish of Studley with Mappleborough Green Notes to the Financial Statements for the Year Ended 31st December 2020**
## **1. Accounting Policies (continued)**
## **Resources Used**
## _**Grants**_
Grants and donations are accounted for when paid over, or when awarded if that award creates a binding obligation on the PCC.
## _**Activities Directly Relating to the Work of the Church**_
The diocesan quota, or parish share, is accounted for when payable. Any parish share unpaid at 31st December is provided for in the accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet. The parish share was paid in full in 2020.
## **Fixed Assets**
## _**Consecrated Land & Buildings and Moveable Church Furnishings**_
Buildings are held at the 1997 insurance value currently and for the foreseeable future as agreed with our Examiner and following discussions with Church House, Coventry.
Consecrated and beneficed property is excluded from the accounts by s.96(2)(a) of the Charities Act 1993.
Moveable church furnishings are held by the churchwardens on special trust for the PCC, and those requiring a faculty for disposal are considered by the PCC to be inalienable property. They are listed in the church's inventory which can be inspected at any reasonable time. For inalienable property acquired prior to 1997 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1st January 1997 have been capitalised and depreciated in the accounts over the anticipated useful economic life on a straight line basis. The economic life used was five years for items acquired up to 31st December 2004. Items acquired after that date have generally depreciated over three years to reflect the rapid technological changes and obsolescence in computers and such equipment.
In 2014 a new laptop computer was purchased for general parish use, whilst a new printer was purchased in 2015 for the Administrator but was written off over twelve months due to the relatively low cost. In 2016 a second laptop was purchased for general parish use. In 2017 an additional printer was purchased for the Administration Office and a new laptop for general parish use. In line with a recommendation made by the Indepenedent Examiner at the 2016 accounts review items costing less than £1,000 are now fully written down in the year of purchase. Therefore the items purchased in 2017 were all fully written down in the year. No purchases or disposals were made in 2018. In 2019 a new Administration Office computer and a second hand photocopier were purchased. Both were written off during the year. No assets were purchased in 2020.
## _**Investments**_
Investments are shown at market value at 31st December.
## _**Current Assets**_
Amounts owing to the PCC at 31st December in respect of fees, rents or other income, are shown as debtors less provision for amounts that may prove uncollectable.
Short term deposits include cash held on deposit either with the CBF Church of England Funds; at the bank or building society.
6
## **Parish of Studley with Mappleborough Green Notes to the Financial Statements (continued) for the Year Ended 31st December 2020**
- **2 Incoming Resources**
**2a Incoming Resources from Donors** Planned Giving Gift Aid Donations Income Tax Recoverable on Gift Aid Other Planned Giving (including CAF) Collections (Open Plate) at all Services Give As You Earn Scheme Sundry Donations **Sub Total** Legacies **Total**
||**2020**|**2020**||||**2019**|**2019**||
|---|---|---|---|---|---|---|---|---|
|**Parish**|**St. Mary's**|
**Holy Ascension**|**Total**||**Parish**|**St. Mary's**|**Holy Ascension**|**Total**|
||**Studley**|**Mappleborough**|**Funds**|||**Studley**|**Mappleborough**|**Funds**|
|**£**|**£**|**£**|**£**||**£**|**£**|**£**|**£**|
||||||||||
|52|38,875|13,006|51,933|||32,870|17,048|49,918|
|69|7,404|4,445|11,918||3|9,143|4,052|13,198|
||170|300|470|||265|300|565|
||1,080|318|1,398|||5,160|2,200|7,360|
|||6,119|6,119||||||
|275|2,205|593|3,073||1,174|13,233|389|14,796|
|**396**|**49,734**|**24,781**|**74,911**||**1,177**|**60,671**|**23,989**|**85,837**|
|||||||92,660|40,493|133,153|
|**396**|**49,734**|**24,781**|**74,911**||**1,177**|**153,331**|**64,482 **|**218,990**|
**2b Other Voluntary Incoming Resources** Charity Fund Raising Grants Donations
|Charity Fund Raising
Grants
1,822
503
2,325
Donations
**(i)** Fetes & Other Fund Raising Events
Fund Raising - Parish Centre/Ankcorn House
Income from DCC's for Property Maintenance
240
240
**(ii)** Income from DCC's for Equipment Purchases
1,500
1,500
**Total**
**1,740**
**1,822**
**503**
**4,065**
**2c**
**Income from Charitable & Ancilliary Trading**
Magazines
Orders of Service
Lettings - Church/Parish Centre/Ankcorn House
4,505
220
4,725
Memorial Trees
Other Income
Fees
1,611
1,412
3,023
**Total**
**6,116**
**1,632**
**7,748**
**2d**
**Other Ordinary Incoming Resources**
Insurance Claims
**Total**
**2e**
**Income from Investments**
Dividends and Interest
1,723
4,667
6,390
Realised Gains
**Total**
**1,723**
**4,667**
**6,390**
**Total Incoming Resources**
**2,136**
**59,395**
**31,583**
**93,114**
N.B. Incoming Resources (2a) includes Gift Day Income
**8,350**
**2,100**
**10,450**|||||
|---|---|---|---|---|
|||843|100|943|
||||||
||||1,183|1,183|
||||||
||240|||240|
||1,462|||1,462|
||**1,702**|**843**|**1,283**|**3,828**|
||||||
||||||
||||||
|||10,290|970|11,260|
||||||
||||||
|||5,554|2,025|7,579|
|||**15,844**|**2,995**|**18,839**|
||||||
||||||
||||||
||||||
|||196|5,592|5,788|
||||||
|||**196**|**5,592**|**5,788**|
||||||
||**2,879**|**170,214**|**74,352 **|**247,445**|
||**4,044**
**1,119**
**5,163**||||
7 (a)
**St, Mary's Church, Studley Notes to the Financial Statements (continued) for the Year Ended 31st December 2020**
|**2**
**Incoming Resources**
**2a Incoming Resources from Donors**
Planned Giving
Gift Aid Donations
Income Tax Recoverable on Gift Aid
Other Planned Giving (including CAF)
Collections (Open Plate) at all Services
Give As You Earn Scheme
Sundry Donations
Sub Total
Legacies
Total
**2b Other Voluntary Incoming Resources**
Charity Fund Raising
Grants
Donations
**(i)** Fetes & Other Fund Raising Events
Fund Raising - Parish Centre
Total
**2c Income from Charitable & Ancilliary Trading**
Magazines
Orders of Service
Lettings - Parish Centre
Other Income
Fees
Total
**2d Other Ordinary Incoming Resources**
Insurance Claims
Total
**2e Income from Investments**
Dividends and Interest
Total
**Total Incoming Resources**
N.B. Incoming Resources (2a) includes Gift Day Income|**STUDLEY**|**STUDLEY**|**STUDLEY**|**STUDLEY**|**STUDLEY**|**STUDLEY**|**STUDLEY**|**STUDLEY**|**STUDLEY**|
|---|---|---|---|---|---|---|---|---|---|
||**2020**|||||**2019**||||
||**General Fund**|**Parish Centre**|**Fabric Fund**|**Total Funds**||**General Fund**|**Parish Centre**|**Fabric Fund**|**Total Funds**|
||**£**|**£**|**£**|**£**||**£**|**£**|**£**|**£**|
||38,018
857
38,875
7,190
214
7,404
170
170
1,080
1,080
2,205
2,205
**48,663**
**1,071**
**49,734**
**48,663**
**1,071**
**49,734**
1,822
1,822
**1,822**
**1,822**
4,505
4,505
1,611
1,611
**1,611**
**4,505**
**6,116**
1,645
66
12
1,723
**1,645**
**66**
**12**
**1,723**
**51,919**
**4,571**
**2,905**
**59,395**
**8,350**
**8,350**|||||||||
|||||||31,216||1,654|32,870|
|||||||8,724||419|9,143|
|||||||265|||265|
|||||||5,160|||5,160|
|||||||||||
|||||||1,709|30|11,494|13,233|
|||||||**47,074**|**30**|**13,567**|**60,671**|
|||||||92,660|||92,660|
|||||||**139,734**|**30**|**13,567**|**153,331**|
|||||||||||
|||||||||||
|||||||600||243|843|
|||||||||||
|||||||||||
|||||||||||
|||||||||||
|||||||**600**||**243**|**843**|
|||||||||||
|||||||||||
|||||||||||
||||||||10,290||10,290|
|||||||||||
|||||||5,554|||5,554|
|||||||**5,554**|**10,290**||**15,844**|
|||||||||||
|||||||||||
|||||||||||
|||||||||||
|||||||137|49|10|196|
|||||||**137**|**49**|**10**|**196**|
|||||||||||
|||||||**146,025**|**10,369**|**13,820**|**170,214**|
|||||||**4,044**
**4,044**||||
7 (b)
**Holy Ascension Church, Mappleborough Green Notes to Financial Statements (continued) for the Year Ended 31st December 2020**
|**2**
**Incoming Resources**
**2a Incoming Resources from Donors**
Planned Giving
Gift Aid Donations
Income Tax Recoverable on Gift Aid
Other Planned Giving (including CAF)
Collections (Open Plate) at all Services
Give As You Earn Scheme
Sundry Donations
Sub Total
Legacies
Total
**2b Other Voluntary Incoming Resources**
Grants
Donations
**(i)** Fetes & Other Fund Raising Events
Fund Raising - Ankcorn House
Total
**2c Income from Charitable & Ancilliary Trading**
Magazines
Orders of Service
Lettings - Church/Ankcorn House
Charity Fund Raising
Memorial Trees
Other Income
Fees
Total
**2d Other Ordinary Incoming Resources**
Insurance Claims
Total
**2e Income from Investments**
Dividends and Interest
Realised Investments
Total
**Total Incoming Resources**
N.B. Incoming Resources (2a) includes Gift Day Income|**MAPPLEBOROUGH GREEN**|**MAPPLEBOROUGH GREEN**|**MAPPLEBOROUGH GREEN**|**MAPPLEBOROUGH GREEN**|**MAPPLEBOROUGH GREEN**|**MAPPLEBOROUGH GREEN**|**MAPPLEBOROUGH GREEN**|**MAPPLEBOROUGH GREEN**|**MAPPLEBOROUGH GREEN**|
|---|---|---|---|---|---|---|---|---|---|
||**2020**|||||**2019**||||
||**General Fund**|**Ankcorn House**|**Fabric Fund**|**Total Funds**||**General Fund**|**Ankcorn House**|**Fabric Fund**|**Total Funds**|
||**£**|**£**|**£**|**£**||**£**|**£**|**£**|**£**|
||12,886
120
13,006
4,415
30
4,445
300
300
318
318
6,119
6,119
535
58
593
**24,573**
**58**
**150**
**24,781**
**24,573**
**58**
**150**
**24,781**
503
503
**503**
**503**
220
220
1,412
1,412
**1,412**
**220**
**1,632**
4,479
188
4,667
**4,479**
**188**
**4,667**
**30,464**
**278**
**841**
**31,583**
**2,100**
**2,100**|||||||||
|||||||16,928||120|17,048|
|||||||4,025||27|4,052|
|||||||300|||300|
|||||||2,200|||2,200|
|||||||||||
|||||||207|182||389|
|||||||**23,660**|**182**|**147**|**23,989**|
|||||||40,493|||40,493|
|||||||**64,153**|**182**|**147**|**64,482**|
|||||||||||
|||||||100|||100|
|||||||||||
|||||||1,183|||1,183|
|||||||||||
|||||||||||
|||||||**1,283**|||**1,283**|
|||||||||||
|||||||||||
|||||||||||
||||||||970||970|
|||||||||||
|||||||||||
|||||||||||
|||||||2,025|||2,025|
|||||||**2,025**|**970**||**2,995**|
|||||||||||
|||||||||||
|||||||||||
|||||||||||
|||||||5,391||201|5,592|
|||||||||||
|||||||**5,391**||**201**|**5,592**|
|||||||||||
|||||||**72,852**|**1,152**|**348**|**74,352**|
|||||||**1,119**
**1,119**||||
7 (c)
**Parish of Studley with Mappleborough Green Notes to Financial Statements for the Year Ended 31st December 2020**
|**Resources Used**
**Grants**
Missionary and Charitable Giving
Church Overseas
-Missionary Societies
- Relief & Development Agencies
Home Missions & Other Church Societies
Secular Charities
**Total**
**Activities Directly Relating to the Work of the Church**
Ministry - Diocesan Quota
- Clergy Expenses
- Curates House Cost
- Upkeep of Services
- Other Ministry Costs (Including Youth Worker)
- Vicarage Maintenance
- Training Costs
Alpha Course Costs
Church - Running Costs
- Maintenance
Major Repairs & Refurbishment
Major Projects
Church Equipment
Expenditure on Parish Magazine and Bookstall
Upkeep of Churchyard
Cost of Memorial Trees
Upkeep of Field
Parish Centre/Ankcorn House Running Costs
Ankcorn House Major Repairs
Architects Fees
Professional Fees
Salary of Vergers
Salary of Organists
**Sub Total**
Depreciation
**Total**
**Fund raising & Publicity**
Cost of Fetes, Bazaars and Other Fund Raising Events
Advertising
**Total**|**2020**|**2020**|**2020**|**2020**|
|---|---|---|---|---|
||**Parish**|**St. Mary's**
**Studley**|**Holy Ascension**
**Mappleborough**|**Total**
**Funds**|
||**£**|**£**|**£**|**£**|
||||||
||||||
||||||
**`**
## **3 Resources Used**
## **3a Grants**
## **3b Activities Directly Relating to the Work of the Church**
## **3c Fund raising & Publicity**
## **3d Church Management & Administration**
|Administration:
Secretarial Expenses
Office Expenses (incl Printing, Stationery, Postage & Env Scheme
Office Furniture/Equipment and Repairs
Sundries
Covenant Secretary's Expenses
Lunchbox Management Expenses
Bank Charges
**Total**
**Total Resources Used**
Net Resource Before Transfers
Fund Transfers
Realised Gains/(Losses) on Investments
Unrealised Gains/(Losses)
Depreciation
Net Movement in Funds|4,092
2,046
6,138
1,120
560
1,680
25
25
**5,237**
**2,606**
**7,843**
**169**
**71,236**
**98,613 170,018**
1,967
-11,841
-67,030 -76,904
-18,142 -18,142
**1,967**
**-11,841**
**-85,172 -95,046**|||||
|---|---|---|---|---|---|
||||3,901|1,951|5,852|
||||916|458|1,374|
|||||||
|||||||
|||||||
|||||||
|||||15|15|
||||**4,817**|**2,424**|**7,241**|
|||||||
|||**4,287**|**71,067**|**34,911 **|**110,265**|
|||-1,408
99,147
39,441 137,180
14,902
14,902
**-1,408**
**99,147**
**54,343 152,082**||||
8 (a)
**St Mary's Church, Studley Notes to the Financial Statements (continued) for the Year Ended 31st December 2020**
**3 Resources Used**
|**Resources Used**
**Grants**
Missionary and Charitable Giving
Church Overseas
-Missionary Societies
- Relief & Development Agencies
Home Missions & Other Church Societies
Secular Charities
Total
**Activities Directly Relating to the Work of the Church**
Ministry - Diocesan Quota
- Clergy Expenses
- Curates House Cost
- Upkeep of Services
- Other Ministry Costs
- Vicarage Maintenance
- Training Costs
Alpha Course Costs
Church - Running Costs
- Maintenance
Major Repairs & Refurbishment
Major Projects - Vision 900
Church Equipment
Expenditure on Parish Magazine and Bookstall
Upkeep of Churchyard
Cost of Memorial Trees
Upkeep of Field
Parish Centre Running Costs
Architects Fees
Professional Fees
Salary of Vergers
Salary of Organists
Sub Total
Depreciation
Total
**Fund raising & Publicity**
Cost of Fetes, Bazaars and Other Fund Raising Events
Advertising
Total
**Church Management & Administration**
Administration:
Secretarial Expenses
Office Expenses (incl Printing, Stationery, Postage & Env Scheme
Office Furniture/Equipment and Repairs
Sundries
Covenant Secretary's Expenses
Lunchbox Management Expenses
Bank Charges
Total
**Total Resources Used**
Net Resource Before Transfers
Fund Transfers
Unrealised Gains/(Losses)
Depreciation
Net Movement in Funds|**STUDLEY**|**STUDLEY**|**STUDLEY**|**STUDLEY**|**STUDLEY**|**STUDLEY**|**STUDLEY**|**STUDLEY**|
|---|---|---|---|---|---|---|---|---|
||**2020**||||**2019**||||
||**General**
**Fund**|**Parish**
**Centre**|**Fabric**
**Fund**|**Total**
**Funds**|**General**
**Fund**|**Parish**
**Centre**|**Fabric**
**Fund**|**Total**
**Funds**|
||**£**|**£**|**£**|**£**|**£**|**£**|**£**|**£**|
||||||||||
||||||||||
||||||||||
||||||||||
||||||||||
||||||||||
||||||||||
||||||38,327|||38,327|
||||||1,678|||1,678|
||||||||||
||||||623|||623|
||||||770|||770|
||||||||||
||||||589|||589|
||||||||||
||||||5,299|||5,299|
||||||960|3,659||4,619|
||||||||6,165|6,165|
||||||||||
||||||||||
||||||||||
||||||80|||80|
||||||||||
||||||||||
|||||||5,730||5,730|
||||||||||
||||||||2,370|2,370|
||||||||||
||||||||||
||||||**48,326**|**9,389**|**8,535**|**66,250**|
||||||||||
||||||**48,326**|**9,389**|**8,535**|**66,250**|
||||||||||
||||||||||
||||||||||
||||||||||
||||||||||
||||||3,901|||3,901|
||||||916|||916|
||||||||||
||||||||||
||||||||||
||||||||||
||||||||||
||||||**4,817**|||**4,817**|
||||||||||
||||||**53,143**|**9,389**|**8,535**|**71,067**|
||||||92,882
980
5,285
99,147
-600
600
**92,282**
**980**
**5,885**
**99,147**||||
## **3a Grants**
## **3b Activities Directly Relating to the Work of the Church**
## **3c Fund raising & Publicity**
## **3d Church Management & Administration**
8 (b)
**Holy Ascension Church, Mappleborough Green Notes to the Financial Statements (continued) For the Year Ended 31st December 2020**
## **3 Resources Used**
## **3a Grants**
Missionary and Charitable Giving Church Overseas
- -Missionary Societies
- Relief & Development Agencies Home Missions & Other Church Societies Secular Charities Total
## **3b**
- **Activities Directly Relating to the Work of the Church** Ministry - Diocesan Quota - Clergy Expenses
- Curates House Cost
- Upkeep of Services
- Other Ministry Costs
- Vicarage Maintenance
- Training Costs Alpha Course Costs Church - Running Costs - Maintenance Major Repairs & Refurbishment Cost of Memorial Trees Church Equipment Expenditure on Parish Magazine and Bookstall Upkeep of Churchyard Cost of Memorial Trees Upkeep of Field Ankcorn House Running Costs Ankcorn House Major Repairs Architects Fees Professional Fees Salary of Vergers Salary of Organists Sub Total Depreciation
## **3c**
## **Fund raising & Publicity**
Cost of Fetes, Bazaars and Other Fund Raising Events Advertising Total
## **3d Church Management & Administration**
Administration:
Secretarial Expenses Office Expenses (incl Printing, Stationery, Postage & Env Scheme Office Furniture/Equipment and Repairs Sundries Covenant Secretary's Expenses Lunchbox Management Expenses Bank Charges Total
## **Total Resources Used**
Net Resource Before Transfers
Funds Transfers
Amount shown as income in Financial Activities Statement
Unrealised Gains/(Losses)
Depreciation
Net Movement in Funds
|**MAPPLEBOROUGH GREEN**|**MAPPLEBOROUGH GREEN**|**MAPPLEBOROUGH GREEN**|**MAPPLEBOROUGH GREEN**|**MAPPLEBOROUGH GREEN**|**MAPPLEBOROUGH GREEN**|**MAPPLEBOROUGH GREEN**|**MAPPLEBOROUGH GREEN**|**MAPPLEBOROUGH GREEN**|
|---|---|---|---|---|---|---|---|---|
|**2020**|||||**2019**||||
|**General**
**Fund**|**Ankcorn**
**House**|**Fabric**
**Fund**|**Total**
**Funds**||**General**
**Fund**|**Ankcorn**
**House**|**Fabric**
**Fund**|**Total**
**Funds**|
|**£**|**£**|**£**|**£**||**£**|**£**|**£**|**£**|
|19,479
19,479
563
563
366
366
457
457
306
306
4,690
4,690
941
626
1,567
56,839
56,839
1,246
1,246
493
493
3,728
3,728
6,273
6,273
**28,048**
**1,119**
**66,840**
**96,007**
**28,048**
**1,119**
**66,840**
**96,007**
2,046
2,046
560
560
**2,606**
**2,606**
**30,654**
**1,119**
**66,840**
**98,613**
-190
-841
-65,999 -67,030
-18,500
18,500
-18,142
-18,142
**-36,832**
**-841**
**-47,499 -85,172**|||||||||
||||||||||
||||||||||
||||||102|||102|
||||||||||
||||||**102**|||**102**|
||||||||||
||||||19,164|||19,164|
||||||814|||814|
||||||||||
||||||372|||372|
||||||389|||389|
||||||||||
||||||396|||396|
||||||||||
||||||6,111|||6,111|
||||||900|583||1,483|
||||||||||
||||||||||
||||||||||
||||||||||
||||||1,350|||1,350|
||||||||||
||||||||||
|||||||606||606|
||||||||420|420|
||||||||1,112|1,112|
||||||||||
||||||||||
||||||||||
||||||**29,496**|**1,189**|**1,532**|**32,217**|
||||||||||
||||||**29,496**|**1,189**|**1,532**|**32,217**|
||||||||||
||||||168|||168|
||||||||||
||||||**168**|||**168**|
||||||||||
||||||1,951|||1,951|
||||||458|||458|
||||||||||
||||||||||
||||||||||
||||||||||
||||||15|||15|
||||||**2,424**|||**2,424**|
||||||||||
||||||**32,190**|**1,189**|**1,532**|**34,911**|
||||||40,662
-37
-1,184
39,441
14,902
14,902
**55,564**
**-37**
**-1,184**
**54,343**||||
8 (c)
**Parish of Studley with Mappleborough Green Notes to the Financial Statements (continued) for the Year Ended 31st December 2020**
|**Supplementary Detail**
**2 Income**
**2b Other Voluntary Incoming Resources**
**Grants**
Studley/Mappleborough Green Parish Council
Studley Charities
Listed Place of Worship VAT Grant & Allchurches Trust
Total
**Legacies**
Edna Evans, Studley & Joan Welsh, Mappleborough Green
Total
**Fetes & Other Fund Raising Events**
Parish Party
Summer Fete
Autumn Fair
Smartie Tubes
Annual Fund Raising Event/Gift Day
General Fund Raising
Maundy Supper
Fund Raising V900
Lunch Box
Other Fund Raising Events
Total
**Donations**
Sundry
Total
**Total**|**Studley**|**Studley**||**Mappleborough**
**Green**|**Mappleborough**
**Green**|
|---|---|---|---|---|---|
||**2020**|**2019**||**2020**|**2019**|
|||||||
|||||||
|||600|||100|
||1,822|243||503||
||1,822|843||503|100|
|||||||
|||||||
|||92,660|||40,493|
|||92,660|||40,493|
|||||||
|||||||
|||||||
|||||||
|||||||
||||||1,170|
||||||13|
|||||||
|||||||
|||||||
|||||||
||||||1,183|
|||||||
|||||||
|||||||
|||||||
||**1,822**|**93,503**||**503**|**41,776**|
9
**Parish of Studley with Mappleborough Green Notes to the Financial Statements (continued) for the Year Ended 31st December 2020**
## **Supplementary Detail**
**3 Expenditure 3a Grants**
**Missionary Societies Amasango** Total
|**Studley**|**Studley**||**Mappleborough**
**Green**|**Mappleborough**
**Green**|
|---|---|---|---|---|
|**2020**|**2019**||**2020**|**2019**|
||||||
|||||102|
|||||102|
## **Relief & Development Agencies**
Total
## **Home Missions & Other Church Societies**
Total
## **Secular Charities**
Total
## **Total**
**102**
10
**Parish of Studley with Mappleborough Green Notes to Financial Statements (continued) for the Year Ended 31st December 2020**
## **Supplementary Detail**
|**Studley**|**Studley**||**Mappleborough**
**Green**|**Mappleborough**
**Green**|
|---|---|---|---|---|
|**2020**|**2019**||**2020**|**2019**|
## **3 Expenditure (continued)**
## **3b Activities Directly Relating to Work of the Church**
## **Clergy Expenses**
Visiting Speaker Visiting Clergy Expenses - Vicar Expenses- Curate Expenses - Associate Minister Printing - Vicar Printing - Curate Postage - Vicar Stationery - Vicar Stationery - Curate Telephone - Vicar Telephone - Curate Total
## **Upkeep of Services**
Worship Total
## **Other Ministry Costs**
Confirmation Expenses Robes Church Music Licence Service Books Royal Society of Church Music Readers Annual Subscription Deanery Levy Ecumenical Work Youth Work Sunday School/Kidschurch Church School Mission Work Total
## **Running Costs**
Cleaning Electricity Oil Water Rent of Ankcorn House Insurance Traidcraft Purchases Sundry Costs Total
## **Maintenance**
Routine Maintenance - Church Fire Equipment - Church Tuning of Organ & Piano Total
||||||
|---|---|---|---|---|
||49|||11|
|325|901||176|450|
|210|158||105|68|
|6|||3||
||||||
|33|||16||
|356|71||178|35|
|12|53||6|26|
|116|||58||
||389|||195|
|68|57||21|29|
|1,125|1,678||563|814|
||||||
|836|623||366|372|
|836|623||366|372|
||||||
||||||
||||||
|460|456||239|232|
||||||
||||||
||||||
||||||
||||||
||||||
||||||
||||132||
|203|312||86|157|
|662|768||457|389|
||||||
||||||
|857|486||456|176|
|1,182|571||965|2,053|
|53|64||||
|||||600|
|2,324|2,472||2,095|2,104|
||||||
|1,796|1,705||1,174|1,177|
|6,211|5,298||4,690|6,110|
||||||
|1,441|561||562|506|
|151|88||68|94|
|324|312||312|300|
|1,916|961||941|900|
11
**Parish of Studley with Mappleborough Green Notes to Financial Statements (continued) For the Year Ended 31st December 2020**
## **Supplementary Detail**
|**Studley**|**Studley**||**Mappleborough**
**Green**|**Mappleborough**
**Green**|
|---|---|---|---|---|
|**2020**|**2019**||**2020**|**2019**|
## **3 Expenditure (continued)**
## **3b Activities Directly Relating to Work of the Church (continued) Parish Centre/Ankcorn House Running Costs**
|Electricity
Gas
Oil
Insurance
Fire Extinguishers
Garden Maintenance
Water (2017 refund of overcharge to Ankcorn House)
Caretaker/Cleaner
Cleaning Materials
Lottery & Amusement Act Licence
Sundry Expenses
Total Running Costs
Repairs & Maintenance
Total Parish Centre/Ankcorn House Costs|476|478||137|141|
|---|---|---|---|---|---|
||785|542||||
||||||200|
||774|774||230|231|
||206|95||||
||1,100|1,308||||
||22|64||127|9|
||2,160|1,974|||26|
|||||||
|||||||
||429|495||||
||5,952|5,730||494|607|
||4,563|3,659||626|583|
||10,515|9,389||1,120|1,190|
## **3c Fund Raising & Publicity**
|Stewardship Expenses
Summer Fete Expenses
Autumn Fair Expenses
Parish Party Expenses
Sundry Fund Raising Costs - Church
Sundry Fund Raising Costs - Fabric
Publicity & Advertising
Lottery Licence - Parish Centre
Total
**3d Church Management & Administration**
Telephone - Parish Administrator
Postage - Parish Administrator
Stationery - Parish Administrator
Printing - Parish Administrator
PCC Administration Costs
Audit Costs
Total|||
|---|---|---|
||||
||||
||||
||||
||||
||||
||||
||||
||734|394|
||||
||94|145|
||219|303|
||40|41|
||33|33|
||1,120|916|
12
**Parish of Studley with Mappleborough Green Notes to the Financial Statements (continued) For the Year Ended 31st December 2020**
## **4 Staff Costs**
St. Mary's church paid a self-employed couple to cover the duties of caretaker and cleaner for the Parish Centre. The monthly cost was £180 per month. (These costs are shown under section 3b on page 12)
The Administrator employed by the Parish was paid a salary of £6,138 for the year to 31st December 2020. This was based on the National Living Wage rate of £9.30 an hour for a 55 hour month. (These costs are shown under section 3d on pages 8b and 8c)
Stipendiary clergy have been reimbursed for expenses incurred in the course of their parish duties. These costs are shown on section 3b on pages 8b and 8c. .
Apart from the people mentioned above no other person received any remuneration or reimbursement of expenses and nobody received £40,000 or more per annum
## **5a Fixed Assets (See Page 14 for details)**
## **Freehold Land and Buildings - Holy Ascension Church**
This comprises of Ankcorn House at a 1997 insurance valuation of £74,056
## **Freehold Land and Buildings - Studley Church**
This comprises of the Parish Centre at a 1997 insurance valuation of £120,000
## **Church Equipment**
This refers to equipment owned by the individual churches and shared equipment owned jointly through the PCC and comprises of such items as sound equipment, musical equipment, computers, printers, duplicator and projectors.
## **5b Investments**
At the 31st December 2020 Holy Ascension Church held 6,296.64 units in the M&G Investment Fund for Charities (Charifund), at £13.7257 each. This valued the investment at £86,425.79 which showed an unrealised loss of £18,141.88 for the year.
|**6 Debtors**
PCC Treasurer's Account
Gift Aid Tax Recoverable
Advance payment for Broadband and Zoom licence
**7 Liabilities: Amounts Falling Due Within One Year**
Balance of Gift for Upkeep of Studley Churchyard
Advance monies received for booklets
Gift Aid owed
Amount due to Studley DCC
Amount due to Mappleborough Green DCC
Provision for Rector's December Expenses
Provision for Curate's Expenses
Provision for Accounts Review Gift
**8 Bank Accounts**
**(a) Short Term Deposits**
General Fund
Parish Centre
Ankcorn House
Fabric Fund
**(b) Cash at Bank and In Hand**
General Fund
Parish Centre
Ankcorn House
Fabric Fund
**9(a) Funds**
5a Fixed Assets and Investments
5b Investments
6 Debtors
7 Liabilities
8a Short Term Deposits
8b Bank Current Accounts
**See page 15 for Fund Holdings**|**Parish**
**Fund**|**St. Mary's**|**Holy**
**Ascension**|**Total**|
|---|---|---|---|---|
||69
44|1,558
2,977|957
1,004|2,515
4,051
44|
||113|4,535|1,961|6,609|
||-1,558
-957
-378
-357
-50|-862
-16|-30|-862
-16
-30
-1,558
-957
-378
-357
-50|
||-3,300|-878|-30|-4,208|
|||131,554
14,068
10,779|48,076
7,797|179,630
14,068
18,575|
|||156,400|55,873|212,273|
||11,457|2,958
1,145
3,185|16,992
1,139
2,028|31,407
1,145
1,139
5,213|
||11,457|7,288|20,159|38,904|
||113
-3,300
11,457|120,000
4,535
-878
156,400
7,288|74,056
86,426
1,961
-30
55,873
20,159|194,056
86,426
6,610
-4,208
212,273
38,905|
||**8,270**|**287,345**|**238,445**|**534,060**|
13
**Parish of Studley with Mappleborough Green Schedule of Fixed Assets as at 31st December 2020**
**Schedule 5(a)**
## **5 Assets**
|||||||||||||||||**Total**|||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
||**Year**||||**Parish**|||**Studley**||||**Mappleborough**||||**Fixed**|**Land & Buildings**|**Total**|
||**Ending**||**£**|**Cumulative**|**Detail**||**£**|**Cumulative**|**Detail**||**£**||**Cumulative **|**Detail**||**Assets**|**Studley**
**M/G**|**Assets**|
|**Additions at cost**|||||||||||||||||||
|Cumulative Balance b/fwd|2011|||7,791.21||||13,364.07|||||9,953.48|||31,108.76|120,000.00 74,056.00|225,164.76|
||2012||589.98|8,381.19|Administrator's Computer||1,350.80|14,714.87|Sound System||||9,953.48|||33,049.54|120,000.00 74,056.00|227,105.54|
||2013|||8,381.19|||6,442.23|21,157.10|Projectors/Screens||||9,953.48|||39,491.77|120,000.00 74,056.00|233,547.77|
||2014||-255.01|8,126.18|Scrap Computer/photocopier|||21,157.10|||||9,953.48|||39,236.76|120,000.00 74,056.00|233,292.76|
||2015||193.80|8,319.98|Administrator's Printer|||21,157.10|||||9,953.48|||39,430.56|120,000.00 74,056.00|233,486.56|
||2016||639.99|8,959.97||||21,157.10|||||9,953.48|||40,070.55|120,000.00 74,056.00|234,126.55|
||2017||841.99|9,801.96|Printer, laptop and software|||21,157.10|||||9,953.48|||40,912.54|120,000.00 74,056.00|234,968.54|
||2018|||9,801.96||||21,157.10|||||9,953.48|||40,912.54|120,000.00 74,056.00|234,968.54|
||2019||1,767.99|11,569.95|Computer and Photicopier|||21,157.10|||||9,953.48|||42,680.53|120,000.00 74,056.00|236,736.53|
|**Depreciation charged**|||||||||||||||||||
|Cumulative Balance b/fwd|2011|||7,420.77||||13,364.07|||||9,953.48|||30,738.32||30,738.32|
||2012||534.28|7,955.05|||187.68|13,551.75|||||9,953.48|||31,460.28||31,460.28|
||2013||196.68|8,151.73|||450.24|14,001.99|||||9,953.48|||32,107.20||32,107.20|
||2014||-548.65|7,603.08|||2,597.67|16,599.66|||||9,953.48|||34,156.22||34,156.22|
||2015||396.05|7,999.13|||2,410.04|19,009.70|||||9,953.48|||36,962.31||36,962.31|
||2016||284.06|8,283.19|||2,147.40|21,157.10|||||9,953.48|||39,393.77||39,393.77|
||2017||1,109.83|9,393.02|Items purchased in 2017 w/off|||21,157.10|||||9,953.48|||40,503.60||40,503.60|
||2018||213.36|9,606.38||||21,157.10|||||9,953.48|||40,716.96||40,716.96|
||2019||1,963.57|11,569.95||||21,157.10|||||9,953.48|||42,680.53||42,680.53|
|**Net Book Value**|||||||||||||||||||
|Cumulative Balance b/fwd|2011|||370.44||||||||||||370.44|120,000.00 74,056.00|194,426.44|
||2012|||426.14||||1,163.12||||||||1,589.26|120,000.00 74,056.00|195,645.26|
||2013|||229.46||||7,155.11||||||||7,384.57|120,000.00 74,056.00|201,440.57|
||2014|||523.10||||4,557.44||||||||5,080.54|120,000.00 74,056.00|199,136.54|
||2015|||320.85||||2,147.40||||||||2,468.25|120,000.00 74,056.00|196,524.25|
||2016|||676.78||||||||||||676.78|120,000.00 74,056.00|194,732.78|
||2017|||408.94||||||||||||408.94|120,000.00 74,056.00|194,464.94|
||2018|||195.58||||||||||||195.58|120,000.00 74,056.00|194,251.58|
||2019||||||||||||||||120,000.00 74,056.00|194,056.00|
Fixed assets purchased prior to 2005 were depreciated over 5 years on a straight line basis. Computers purchased after 2005 and the second hand photocopier purchased in 2005 depreciated over 3 years.
Each church purchased a new projector in December 2006 and these were depreciated over 5 years.
The PCC purchased a new printer scanner and a Ricoh duplicator in 2007 for use in the Parish Office. The printer scanner was depreciated over 3 years and the duplicator over 5 years.
The PCC purchased a new laser colour printer in 2009 for use in the Parish Office. The printer was depreciated over 3 years.
Land and Buildings are not depreciated and are recorded in the accounts at the 1997 insurance valuation.
Old fully depreciated computers, which have been scrapped, were removed from the cost and depreciation base in 2006.
In 2012 a new computer was purchased for use in the Parish Office.
In 2013 projectors and screens were installed in St. Mary's Church just before the end of the year so depreciation will commence from 1st January 2014.
In 2014 a new laptop was purchased through the PCC for general use in the churches; the photocopier was sold and an old computer was scrapped.
In 2015 a new printer was purchased for the Administrator's use, but the cost was such that it was decided to write it off over 12 months.
In 2016 a new laptop was purchased for general use.
At the 2016 review of accounts the Independent Examiner recommended that any items of equipment costing up to £1,000 should be fully expensed in the year of purchase.
In 2017 a new computer was purchased through the PCC for Studley Church along with software and a printer for the administrator at a cost of £841.99 which was expensed in the year. No purchases or disposals were made in 2018.
In 2019 a second hand photocopier was purchased for £1,000 plus VAT. It was felt that it would be prudent to write this item off in the year of purchase. A new computer was bought for the Parish Office at a cost of £567.99 and this was also written off.
**No purchases or disposals were made in 2020 and there were no asset values to be depreciated in 2020**
14
**Schedule 9b**
## **Parish of Studley with Mappleborough Green Notes to the Financial Statements (continued) For the Year Ended 31st December 2020**
## **Fund Holdings**
|**Funds**|||**Parish**|||||**St. Mary's**|**St. Mary's**|||||**Holy Ascension**|**Holy Ascension**|**Holy Ascension**|||**Grand**|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|||**Unrestricted**|**Restricted**|**Total**||**Designated**|**Unrestricted**||**Restricted**|**Endowment**|**Total**||**Designated**|**Unrestricted**|**Restricted**|**Endowment**|**Total**||**Total**|
|||||||||||||||||||||
|Ankcorn House Funds|||||||||||||||1,139||**1,139**||**1,139**|
|Ankcorn House Building||||||||||||||||74,056|**74,056**||**74,056**|
|Chancel Restoration Fund|||||||||||||||100||**100**||**100**|
|Charifund Investment Fund|||||||||||||86,426||||**86,426**||**86,426**|
|Children's Arts & Craft Fund||||||155|||||**155**||||||||**155**|
|Christian Education|||||||||||||||492||**492**||**492**|
|Churches Together||||||||||||||||||||
|Coffeehouse|||100|**100**|||||||||||||||**100**|
|Cross of Nails Link (S.Africa)||||||||||||||||||||
|Decor8|||||||||659||**659**||||||||**659**|
|Equipment|||1,612|**1,612**|||||||||||||||**1,612**|
|Fabric Fund|||||||||12,481||**12,481**||||9,785||**9,785**||**22,265**|
|Flower Fund|||||||||||||||89||**89**||**89**|
|Friendship Group|||28|**28**|||||||||||||||**28**|
|General Fund||102||**102**|||138,401||||**138,401**|||66,020|||**66,020**||**204,523**|
|Legacy||||||||||||||||||||
|Memorials||||||||||||||||||||
|Mission|||753|**753**|||||||||||||||**753**|
|New Wine||||||||||||||||||||
|Parish Centre Funds|||||||||15,212||**15,212**||||||||**15,212**|
|Parish Centre Building||||||||||120,000|**120,000**||||||||**120,000**|
|Prepaid Funerals||||||||||||||||||||
|Property Refurbishment|||480|**480**|||||||||||||||**480**|
|Memorial|||||||||300||**300**||||||||**300**|
|Memorial Trees|||||||||||||||338||**338**||**338**|
|Outreach||||||137|||||**137**||||||||**137**|
|Vision 900 Appeal||||||||||||||||||||
|Youth Work|||5,195|**5,195**|||||||||||||||**5,195**|
|**Total**||102|8,168|**8,270**||292|138,401||28,652|120,000|**287,345**||86,426|66,020|11,943|74,056|**238,445**||**534,060**|
ATG 21/01/2021
15
## **Parish of Studley with Mappleborough Green Christian Ministry Analysis Year to 31st December 2020**
|**Total Resources Used**
**less:**
Major Repairs & Refurbishment
Parish Centre/Ankcorn House Repairs
Architects Fees
Professional fees
Total Ministry Costs||**2020**|**2020**|**2020**|**2020**||
|---|---|---|---|---|---|---|
||**PARISH**|**STUDLEY**||||**PCC**|
||**General**
**Fund**|**General**
**Fund**|**Parish**
**Centre**|**Fabric**
**Fund**|**Total**
**Funds**|**Total**
**Funds**|
||**£**|**£**|**£**|**£**|**£**|**£**|
|||||||**170,018**
60,301
3,728
6,273
1,026|
|||||||**98,690**|
16
**Studley Income and Expenditure Comparison 2020 v 2019**
|**Income**
Donors
Charitable Trading
Voluntary Income
Investment Income
**Total Income**
**Expenditure**
Church Costs
Grants
Support Costs
Administration
Fund Raising/Publicity
**Total Expenditure**|**2020**
**2019**|**2020**
**2019**|
|---|---|---|
||48,663
1611|47,074
5554|
||,
0|,
600|
||1,645|137|
||**51,919 **|**53,365**|
||**2020**
**2019**||
||50,997|48,326|
||||
||4,117
|3,901
|
||1,120|916|
||0|0|
||**56,234 **|**53,143**|
|Net Movement
Investment Income
**True Surplus/Deficit**|**2020**
**2019**|**2020**
**2019**|
|---|---|---|
||-4,315|222|
||1,645|137|
||**-5,960**|**85**|
**----- Start of picture text -----**
Income Income
60,00070000
60000
50,000
50000
40,000
40000
30,000
30000
20,00020000
10,10 0 0 0 0
00 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
2020 2019
Donors DonorsCharitable TradingCharitable TradingVoluntary Income Investment IncomeVoluntary Income Investment Income
ExpenditureExpenditure
60,00070000
50,00060000
40,00050000
40000
30,000
30000
20,000
20000
10,000
10000
0
0 2020 201 9
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Church Costs Grants Support Costs Administration Fund Raising/Publicity
Church Costs Grants Support Costs Administration Fund Raising
**----- End of picture text -----**
**----- Start of picture text -----**
True Surplus/Deficit
1,000
0
-1,000
-2,000
-3,000
-4,000
-5,000
-6,000
-7,000
2020 2019
**----- End of picture text -----**
17
**Studley Church Analysis of Donor Giving and Church Running Costs 2020 v 2019**
**----- Start of picture text -----**
Income IncomeIncome
Donors 2020 2019 2500030,000
Plate 889 4,272
Envelopes 724 3,060
25,000
Standing Orders 19,382 24,429 20000
Give As You Earn 9,037
Donations - Gift Aid 8,874 3,727 20,000
Donations - Non Gift Aid 2,205 1,709 15000
Charities Aid Foundation 170 265 15,000
Wedding Collections 50 518
Baptism Collections 20 350 1000010,000
Funeral Collections 121 20
Christingle Collection 5,000
Income Tax Refund 7,190 8,724 5000
Total Income - Donors 48,663 47,074 0
2020 2019
0 Plate Envelopes Standing Orders
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Give As You Earn Donations - Gift Aid Donations - Non Gift Aid
Plate Envelopes Standing Orders Annual Covenant
Donations - Gift AidCharities Aid FoundationDonations - Non Gift AidWedding CollectionsCharities Aid Foundation Wedding CollectionsBaptism Collections
Baptism CollectionsFuneral CollectionsFuneral CollectionsIncome Tax RefundChristingle Collection Income Tax Refund
Expenditure
Church Costs 2020 2019
Parish Share 38,957 38,327 ExpenditureExpenditure
Clergy 1,125 1,678 5000045,000
Worship 1,498 1,393 4500040,000
Running Costs 9,416 6,928
Total Expenditure 50,997 48,326 4000035,000
35000
30,000
30000
25,000
25000
20,000
20000
15,000
15000
10,000
10000
50005,000
0 0
2003 2004 2005 20202006 2007 2008 2009 2010 20112019 2012
RunRun ni ng Costsng CostsParish ShaPa r eish ShareClergy WorshipClergy Worship
**----- End of picture text -----**
||**Average Givin**|**Average Givin**|**g 2020**|||||**Average Giving 2019**|**Average Giving 2019**|**Average Giving 2019**|
|---|---|---|---|---|---|---|---|---|---|---|
||£||**Congregation**|**£**||||**Congregation**|**£**||
||889
724
28,419
8,874
2,205
170
7,190
**48,471**||**Average Number**|**Yearly**
|**Weekly**|||**Average Number**|**Yearly**|**Weekly**|
|Plate
Envelopes
Standing Orders
Donations - Gift Aid
Donations - Non Gift Aid|889||||||4,272||||
||724||||||3,060||||
||28,419||||||24,429||||
||8,874||||||3,727||||
||2,205||||||1,709||||
|Charities Aid Foundation|170||||||265||||
|Income Tax Refund|7,190||||||8,724||||
|Total|**48,471**||**88**|550.81|**10.59**||**46,186**|**88**|524.84|**10.09**|
The most recent published data for Church of England shows average planned giving (tax efficient and other giving) per person in **2016** was **£12.30** per week. Gift Aid allows us to reclaim 25p for every £1 given by a tax payer.
Average congregation number unknown in 2020 due to church closure during Coronavirus pandemic. Therefore, attendance has been kept the same for both years.
18
**Mappleborough Green Income and Expenditure Comparison 2020 v 2019**
**----- Start of picture text -----**
IncomeIncome
30,00035000
30000
25,000
25000
20,000
20000
15,000
15000
10,000
10000
5,0005000
0 0
2001 2002 2003 200420202005 2006 2007 2008 2009 2010 20112019 2012
DonorsDonors Charitable TradingCharitable Trading Voluntary IncomeVoluntary IncomeInvestment IncomeInvestment Income
35,000 ExpenditureExpenditure
35000
30,000
30000
25,000
25000
20,000
20000
15,000
15000
10,000
10000
5,000
5000
0
2020 2019
0
2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
Church Costs Grants Support Costs Administration Fund Raising
Church Costs Grants Support Costs Administration Fund Raising
**----- End of picture text -----**
|**Income**
Donors
Charitable Trading
Voluntary Income
Investment Income
**Total Income**|**2020**
**2019**|**2020**
**2019**|
|---|---|---|
||24,573|23,660|
||1,412|2,025|
||0|1,283|
||4479|5391|
||,
**30,464 **|,
**32,359**|
|**Expenditure**
Church Costs
Grants
Support Costs
Administration
Fund Raising
**Total Expenditure**|**2020**
**2019**|**2020**
**2019**|
|---|---|---|
||28,048|29,496|
||0|102|
||2,046|1,951|
||560|473|
||0|168|
||**30,654 **|**32,190**|
**----- Start of picture text -----**
True Surplus/Deficit
-4,300
-4,400
-4,500
-4,600
-4,700
-4,800
-4,900
-5,000
-5,100
-5,200
-5,300
2020 2019
**----- End of picture text -----**
|Net Movement
Investment Income
**True Surplus/Deficit**|**2020**
**2019**|**2020**
**2019**|
|---|---|---|
||-190|169|
||4,479|5,391|
||**-4,669**|**-5,222**|
19
**Mappleborough Green Church Analysis of Donor Giving and Church Running Costs 2020 v 2019**
**----- Start of picture text -----**
Income Income
Donors 2020 2019
16,000
Plate 306 1,541
Envelopes 497 1,069 14,000
Standing Orders (+GAYE) 14,399 13,194
Annual Covenant 200 450 12,000
Donations - Gift Aid 3,908 2,214 10,000
Donations - Non Gift Aid 536 207
Charities Aid Foundation 300 300 8,000
Wedding Collections 0 373
6,000
Baptism Collections 12 241
Funeral Collections 0 45 4,000
Christingle Collection
Income Tax Refund 4,415 4,025 2,000
Total Income - Donors 24,573 23,659 0
2020 2019
Plate Envelopes Standing Orders (+GAYE)
Annual Covenant Donations - Gift Aid Donations - Non Gift Aid
Charities Aid Foundation Wedding Collections Baptism Collections
Funeral Collections Christingle Collection Income Tax Refund
**----- End of picture text -----**
**----- Start of picture text -----**
Expenditure
Church Costs 2020 2019
Parish Share 19,479 19,164 Expenditure
Clergy 563 814 25,000
Worship 823 761
Running Costs 7,183 8,757
Total Expenditure 28,048 29,496 20,000
15,000
10,000
5,000
0
2020 2019
Running Costs Parish Share Clergy Worship
Average Giving 2020 Average Giving 2019
Congregation £ Congregation £
Average Number Yearly Weekly Average Number Yearly Weekly
Plate 306 1,811
Envelopes 497 988
Standing Orders 14,399 13,751
Annual Covenant 200 350
Donations - Gift Aid 3,908 2,026
Donations - Non Gift Aid 536 175
Charities Aid Foundation 300 458
Income Tax Refund 4,415 4,709
Total 24,561 42 584.79 11.25 24,268 42 577.81 11.11
**----- End of picture text -----**
The most recent published data for Church of England shows average tax efficient giving per person in **2016** was **£12.30** per week. Gift Aid allows us to reclaim 25p for every £1 given by a tax payer.
Average congregation number unknown in 2020 due to church closure during Coronavirus pandemic. Therefore, attendance has been kept the same for both years.
20