| Page | |||
|---|---|---|---|
| PCC Annual report |
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| Independent Examiner's |
Report | ||
| Statement of Financial | Activities | ||
| Balance Sheet | |||
| Notes to the Financial | Statements | 8-17 |
| 2020 | 2019 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total funds | ||||
| funds | funds | Total funds | ||||
| Note | E | |||||
| Income and endowments | ||||||
| Voluntary Income Activities for generating funds Church activities and other income |
3a) 3b) 3c) |
105,210 608 12,124 |
1,216 - |
106,426 608 12,124 |
115,795 7,961 25,560 |
|
| Income from Investments Total income Expenditure |
117,942 6325 124,267 |
'l,216 8 1,224 |
119,158 ~6333 125491 |
149,316 6 961 156,277 |
||
| Church Activities Raising funds |
116,646 | 295 | 116,941 | 140,456 581 |
||
| Total expenditure | 116646 | 295 | 116941 | 141 037 | ||
| Net income l(expenditure) | before | |||||
| investment gains |
7,621 | 929 | 8,550 | 15,240 | ||
| Net gains and (losses) on investments | 6 | 19833 | 19633 | 29019 | ||
| Net Incomel (expenditure) | 27,454 | 929 | 28,383 | 44,259 | ||
| Transfers between funds |
||||||
| Net movement in funds |
27,454 | 929 | 28,383 | 44,259 | ||
| Reconciliation offunds |
||||||
| Total funds brought forward Net movement in funds (as above) |
370,295 27,454 |
19,992 929 |
390,287 2&,383 |
346,028 44,259 |
||
| Total funds carried forward | 397749 | 20 921 | 63L6IQ. | 390287 |
| a) Voluntary income Planned Giving: |
Unrestricted Funds |
Restricted Funds E |
Total Funds 2020 |
Total Funds 2019 |
||
|---|---|---|---|---|---|---|
| Gift Aided donations Tax recovered Other planned giving Collections |
62,464 17,643 8,541 5 121 93,769 |
62,264 17„643 8,541 ~5121 93,769 |
60,264 19,449 8,533 13.391 101,997 |
|||
| Non-recurring donations Grants- general Grants/donations —Transformation |
4,242 1,505 |
4,242 1,505 |
5,378 341 |
|||
| Donations —St David's chairs Other donations Donations soup kitchen St David's Donations St Michaels Music /sound Donations for specific causes Legacies |
system | 2,390 29 770 505 2,000 105,210 |
1,216 1,216 |
2,390 29 1,216 770 505 2,000 106,426 |
813 60 1,638 3,118 2,450 115,795 |
|
| 2019total figures | 114109 | 1 686 | 115795 | |||
| b) Activities for generating | funds | |||||
| Events and other fundraising St Michael's Lectures Summer fete and draw |
184 | 184 | 4,550 357 |
|||
| Newspaper collections |
424 608 |
424 608 |
2,342 712 7,961 |
|||
| 2019total figures | 7961 | 7961 | ||||
| c)Church activities and other income | ||||||
| Hall lettings Book sales /magazine Coffee and edibles Fees including ceremony income Other income |
2,441 756 1,866 6,991 70 |
2,441 756 1,866 6,991 70 |
13,940 904 3,578 7,174 |
|||
| 12,124 | 12,124 | 25,560 | ||||
| 2019Total figures | 25 560 | 25 560 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| 4.Investment income |
Funds | Funds | Funds 2020 |
Funds 2019 |
|
| Dividends on investments Bank interest and interest investments |
on | 1,641 4,684 |
1,641 4,692 |
1,976 4,975 |
|
| 6,325 | 6,333 | 6,961 | |||
| 2019Total figures | 6 952 | 9 | 6961 | ||
| 5.Costs of Church activities | |||||
| Unrestricted | Restricted | Total | Total | ||
| Funds | Funds | Funds | Funds | ||
| 2020 | 2019 | ||||
| E | F | ||||
| Common Fund contribution Statutory Fees to Diocese Clergy expenses Church general and administration Governance costs Altar supplies, service sheets, gowns Music Organ maintenance Church utilities Insurance Repairs Specific causes expenditure St David's Soup kitchen outreach Missions and other outreach StDavid's- |
59,872 2,492 1,360 4,134 1,860 2,077 1,917 11,449 10,527 18,262 505 2,191 |
295 | 59,872 2,492 1,360 4,134 1,860 2,077 1,917 11,499 10,527 18,262 505 295 2,191 |
73,408 2,078 1,652 5,269 1,060 1,905 5,452 1,140 17,888 10,192 10,736 2,450 1,030 1,613 |
|
| transformation project (restricted) |
4,583 | ||||
| 116,646 | 295 | 116,941 | 140,456 | ||
| 2019Total figures | 134643 | 5613 | 140456 | ||
| 6.Net gains and (losses) on | |||||
| investments | |||||
| Realised gains | |||||
| Unrealised gains |
19,833 | 19,833 | 29,020 | ||
| 19,833 | 19,833 | 29,020 | |||
| 2019Total figures | 29 020 | 29 020 |
| Fees payable | to the independent | examiner for: | 2020 f |
2019 F |
|---|---|---|---|---|
| Independent | examination ofthe |
financial statements | 1,860 | 1,060 |
| 9. | Fixed Asset | s | s | ||
|---|---|---|---|---|---|
| a) Tangible | Assets | 2020 | 2019 | ||
| E | |||||
| St Michael's | Organ | 16371 | 16371 | ||
| b) | Investments | St | |||
| St David's | IIichael's | ||||
| 2020 | 2020 | ||||
| Market value | as at | 1 January 2020 | 98,112 | 149,204 | |
| Disposals | |||||
| Purchases at | cost | ||||
| Net gains/(loss) Market value as at |
31 December 2020 | ~8598 'I06 710 |
11235 160439 |
||
| Total Investments | at market value | 2020 | 2019 | ||
| 267 149 | 247 316 |
| c)Investments by fund |
|||
|---|---|---|---|
| Total | Total | ||
| Funds | Funds | ||
| 2020 | 2019 | ||
| St David's designated funds |
|||
| Organ fund Fabric fund (curate's house) Pastoral fund St David's Institute |
19,373 24,496 9,277 53,564 |
17,682 22,356 8,737 49,337 |
|
| St Illlichael's general reserve and | 106,710 | 98,112 | |
| designated funds |
|||
| Valpy French: general reserve Shared interest society: general reserve Fabric fund (Haldon Road): designated |
reserve | 145,292 2,000 13147 |
134,320 2,000 12884 |
| 160,436 | 149,204 | ||
| Total investments at fair value |
267,149 | 247,316 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Funds | Funds | |||||
| 2020 | 2019 | |||||
| E | E | |||||
| St David's | ||||||
| Gift aid | ||||||
| 1,215 | ||||||
| Other debtors | 1,505 | |||||
| St Michael's | ||||||
| Gift aid | 1,334 | 2,558 | ||||
| Other debtors | 827 | |||||
| Total debtors and prepayments | 4600 | |||||
| 11.Cash at bank | ||||||
| note | Total | Total Funds | ||||
| Funds | ||||||
| St David's | 2020 | 2019 | ||||
| Main account Pastoral fund deposit account St David's Institute deposit account Transformation fund |
i) ii) ii) iii) |
98,448 571 10,380 19,510 |
84,004 523 8,748 19,501 |
|||
| iv) | 128999 | 112776 | ||||
| St Michael's | ||||||
| Main account Deposit account |
25,251 131 |
24,002 34 |
||||
| 25 382 | 24 036 | |||||
| Total Cash at bank and accounts |
in investment | fund deposit | v) | 154291 | 136812 |
| 2020 | 2019 | ||
|---|---|---|---|
| E | E | ||
| Roof | fund (designated) | 25,000 | 25,000 |
| Soup | kitchen (restricted) | 2,960 | 2,040 |
| Free | cash | 70488 | 56 964 |
| 98448 | 84 004 |
| ditors: amounts falling due within one year |
||
|---|---|---|
| 2020 | 2019 | |
| St David"s | ||
| Common Fund |
5,000 | |
| Other creditors Accruals |
1,975 12449 |
990 10 126 |
| 19,424 | 11,116 | |
| StIlichael's | ||
| Common fund |
||
| Other creditors Accruals |
1,215 2,435 |
1,421 2,275 |
| 3,650 | 3,696 | |
| Total creditors falling due within one year | 14612 |
| At, 1 January 2020 E |
Income f |
Expenses | Transfers | Gain/ | At 31 December 2020 |
||
|---|---|---|---|---|---|---|---|
| St David's: | |||||||
| General reserve |
49,301 | 90,964 | (85,053) | 55,212 | |||
| Organ Fund Fabric Fund Pastoral Fund St..David's Institute |
17,862 22,356 9,260 58,085 |
48 1,632 |
'1,691 2,140 540 4,227 |
19,373 24,496 9,848 63,944 |
|||
| Roof fund St Michael's: |
25,000 181,684 |
92,644 | ~55,953 | 8,598 | 25,000 197,873 |
||
| General reserve |
41,407 | 26,977 | (31,592) | 4,645 | 41,437 | ||
| Valpy-French Haldon Road |
134,320 13,260 |
4,287 358 |
(4,287) (358) |
10,972 263 |
145,292 13,147 |
||
| 188,611 | 31,622 | ~31,592 | 11,235 | 199,877 | |||
| 370,295 | 124,266 | ~116,646 | 19,833 | 397,749 | |||
| b) | Restricted Funds | ||||||
| St David's: | |||||||
| Transformation Soup kitchen |
17,953 2,040 |
8 1,216 |
(295) | 17,961 2,960 |
|||
| 19,992 | 1,224 | ~295 | 20,921 | ||||
| Total | 390,287 | 125,490 | (116,941) | 19,833 | 418,670 |