## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY** ## **FINANCIAL STATEMENTS** **YEAR ENDED 31 DECEMBER 2020** Registered charity number: 1136055 ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY** ## **Financial statements for the year ended 31 December 2020** |**Contents**|**Page**| |---|---| |Independent Examiner's report|1| |Trustees' report|2-5| |Statement of Financial Activities|6| |Balance Sheet|7| |Notes to the financial statements|8-15| |Overall summary of income and expenditure|16| ## **Report of the independent Examiner to the Parochial Church Council of The Ecclesiastical Parish of Bridlington St. Mary** I report on the accounts of the Parochial Church Council of The Ecclesiastical Parish of Bridlington St. Mary for the year ended 31 December 2020, which are set out on pages 3 to 15. ## **Respective responsibilities of trustees and examiner** The Charity's trustees are responsible for the preparation of the accounts. The Charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 and that an independent examination is needed. It is my responsibility to: - (a) examine the accounts under section 145 of the Charities Act 2011; - (b) follow the procedures laid down in the general Directions given by the Charity Commission ( under section 145(5)(b) of the Charities Act 2011) and - (c) state whether any particular matters have come to my attention. ## **Basis of the 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 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 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 the course of our examination no matter has come to my attention: - (1) which gives me reasonable cause to believe that, in any material respect, the trustees have not met the requirements to ensure that: - (a) proper accounting records are kept ( in accordance with section 130 of the Charities Act 2011 ); and (b) accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Charities Act 2011; or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed by: Stuart AC Gibson Independent Examiner on …………………………… **1** ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY** ## **Financial statements for the year ended 31 December 2020** ## **TRUSTEES' REPORT** ## **Statement of Trustees' responsibilities** The law applicable to charities in England and Wales requires the parochial church council as trustees to prepare financial statements for each financial year. In preparing those financial statements the trustees are required to:- - select suitable accounting policies and then apply them consistently; - make judgements and estimates which are reasonable and prudent; - state which accounts have been prepared in accordance with the Statement of Recommended Practice - Accounting by Charities; and - prepare the accounts on the going concern basis unless it is inappropriate to presume that the concern will continue in operation. The trustees are required to act within the framework of trust law and the Charities Acts; they are also responsible for keeping proper accounting records. The trustees have a general responsibility for taking such steps as are reasonably open to them to safeguard the assets of the funds and to prevent and detect fraud and other irregularities. ## **Background** The Parochial Church Council ( P.C.C. ) of The Ecclesiastical Parish of Bridlington St. Mary has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social, and ecumenical. It also has maintenance responsibility for the Church Rooms. There are two properties rented out, the carpet warehouse and the Church bungalow. Members of the P.C.C. are either ex-officio or elected by the annual Parochial Church Council meeting, in accordance with the Church Representative rules. **2** ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY** ## **Financial statements for the year ended 31 December 2020** ## **TRUSTEES' REPORT - continued** Members are: Rector: Reverend Matthew Pollard Associate Minister: Reverend Christine Strand Curate: Reverend Maxine Waller Parish Deacon: Reverend Jean Fowler Ordinand in Training: Darius Traves Churchwardens: Mr. A. Halford ( retired October 2020 ) Mrs. Jan Wattleworth Mr. F. Fowler Mrs. H. Hughes ( appointed October 2020 ) Representatives of the Deanery Synod: Mrs. J. Brameld Reverend J. Fowler Mrs. P. Burbidge Co-opted members: Reverend J. Oates Elected members: Mrs. Y. Kurvits ( Secretary ) Mr. M. Kunz Mrs. E. Boardman ( Safeguarding representative ) Mr. D.Watson Mrs. M. Watson Mr. P. Koker Mrs. L. Koker Mr. J. Place Mr. B. Goodall Mrs. E. Broadbent Mr. R. Broadbent Mr. R. Sharpe ( treasurer - deceased April 2020 ) Mr. M. Rawson ( treasurer - appointed May 2020 ) ## COMMITTEES The Bridlington Priory P.C.C. has one committee, the Standing Committee, consisting of the Rector, the Churchwardens, and the Treasurer. It has the power to transact the business of the P.C.C. between its meetings subject to any directions given by the Council. **3** ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY** ## **Financial statements for the year ended 31 December 2020** ## **TRUSTEES' REPORT - continued** ## **REVIEW OF THE YEAR** Due to the pandemic, caused by the novel virus Covid19, 2020 was a year like no other. Although the first three months assumed the normal pattern of Priory life with worship, meetings, groups, and activities continuing in the normal pattern, all this came to an abrupt end on 23 March 2020 with the first lockdown. The church and the church rooms were closed, the lent course abandoned, events were cancelled and groups were suspended for the foreseeable future. We were shocked and saddened to hear of the death from Covid19 of our friend Robin. In the face of restrictions placed on churches worship resumed by means of live streaming from the Rector's sitting room and later the church. Messy Church moved online, and the PCC and Standing Committee met by Zoom, whilst other groups adapted their activities as best they could. On a more positive note we welcomed the arrival of Paul Dewhirst as the new Director of Music following the retirement of Michael at Christmas. The choir continued its work but in a limited form with online recordings, virtual practices, and a streamed carol service. However, choir camp, most fundraising activities and social events were all cancelled. As the situation improved services were able to resume with social distancing and other restrictions, and a great debt is owed to the dedicated band of cleaners who ensured that the Priory was as safe as possible for worshippers and staff. Hope Housing had proved such a success that a second property was purchased to accommodate more homeless men. Despite the difficulties of the year and the loss of our normal lives and friends, adversity brought out the best in people. Shopping was organised for shielding and self-isolating people, others struggled with technology to attend meetings, phone calls were made to the congregation to check on them, choir members learned how to record themselves singing, the churchyard maintained, volunteers joined in to keep the Priory clean and open to people wanting to pray or use the Listening Ear service. There are too many people who deserve thanks to be listed but be assured that your contribution is valued. Hopefully the virus will be beaten and things will return to normal at some point during 2021. In the meantime the Priory community will continue to provide support and welcome for anyone who seeks it as it has for over 900 years. **4** ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY** ## **Financial statements for the year ended 31 December 2020** ## **TRUSTEES' REPORT - continued** ## **Financial review of the year** The overall financial outcome for 2020 has been positive, following a balanced mix of good and bad. Total incoming resources for the P.C.C. totalled £151k., a decrease of £40k. over the previous year figure. The COVID pandemic has resulted in significant reductions in open plate collections and freewill envelope giving. However, gift aid exceeded the previous year by £8k. and partially covered the loss and reductions in sundry donations. A generous legacy of £20,000, given from the estate of Robin Sharpe ( dec'd ) has bolstered the balance sheet of the Priory. Shop sales have been decimated by £9k. due to lack of footfall; and income from concerrts and other events has fallen by £18k.. Investment income fell by £10k., whilst weddings and funeral fees were only £4k. down, because funerals had increased sharply. Resources used in the year totalled £151k., compared with £203k. last year, a decrease of £52k, in line with reduced activity. Charitable donations were limited to £7k., being a reduction of £6k., but the Diocesan offering was maintained at £70k.. As a result of the above, the accounts show net incoming resources, excluding non cash flow items ( depreciation and movements on investment valuations ) of £552, which is a further improvement on the net outgoings of £13k. in the previous year. Depreciation, which is a non cash flow cost and measures the using up of tangible fixed assets in the balance sheet, amounted to £8k., being slightly lower than last year, despite the addition of the CCTV installation late in the year. This year the investments held have had mixed fortunes, with those held in the restricted fund showing a fall in value of £7k., and those held in the endowment fund showing a valuation increase of £7k. The investment property has been revalued by Ullyotts ( external valuers ) and has shown an increase in value of £15,000. Thus the overall net gain on investments amounts to just over £15k.. As a result, the net movement in funds shows a gain of £7k., compared with a gain of £40k. last year, which was solely due to large investment gains. A major disappointment during the year has been our insurer's refusal to pay our attempted claim for loss of income. The Ecclesiastical Insurance Group has relied upon the interaction of poorly worded clauses within its policy documentation. Thus, in consequence of this technicality, a claim for a potential amount of around £10k. failed. The balance sheet of the P.C.C. remains healthy at 31 December 2020, reflecting the positive movement in net funds. Tangible fixed assets include the purchase of video security cameras on the church roof, to comply with the insurer's demands. Monies held in bank accounts total £266k., almost the same as last year. The investment property ( the carpet warehouse ) has had a quinquennial external valuation by Ullyotts which was given as £115,000 and the next external valuation is due on 31 December 2025. The valuation last year was £100,000. Stock, debtors, and creditors are similar to last year. ## **Robin Sharpe-remembered** We fondly remember the fellowship and dedication to duty that Robin enthusiastically provided within the congregation and the management team during his many years of involvement with the Priory and wider community throughout his lifetime. At the time of his death it was not possible to hold a public funeral for Robin because of public health restrictions. However, it is intended to hold a memorial service at the Priory Church, Bridlington, once these restrictions have eased. A generous legacy of £20,000 has been given from Robin's estate, which has bolstered the finances of the Priory. **5** ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2020** |Note
**Incoming resources:**
From donors
2.1
Other voluntary items
2.2
Income from operating activities
2.3
Income from investments
2.4
Other ordinary incoming resources
2.5
**Total incoming resources**
**Resources used:**
Costs of generating funds
3.1
Grants and charitable donations
3.2
Activities relating to the work
of the Church
3.3
Church management and
administration
3.4
**Total resources used:**
Net incoming/(outgoing) resources
Depreciation of tangible fixed assets:
Charge for the year
4
Gains/(Losses) on investment assets
Net movement in funds
Balances brought forward
at 1 January 2020
11-13
**Balances carried forward**
**at 31 December 2020**|**TOTAL**
TOTAL
Unrestricted
Restricted
Endowment
**FUNDS**
FUNDS
Funds
Funds
Funds
**2020**
2019
£
£
£
**£**
£
96,211
483
-
**96,694**
94,088
-
-
-
-
2,943
4,810
655
-
**5,465**
28,897
10,613
8,762
-
**19,375**
31,138
29,869
-
-
**29,869**
35,705| |---|---| ||141,503
9,900
-
**151,403**
192,771| ||2,852
-
-
**2,852**
8,958
-
-
-
**-**
7,591
141,426
85
-
**141,511**
182,656
6,488
-
-
**6,488**
6,390| ||150,766
85
-
**150,851**
205,595| ||(9,263)
9,815
-
**552**
(12,824)
(8,407)
-
-
**(8,407)**
(8,730)
15,000
(7,084)
7,392
**15,308**
61,366| ||(2,670)
2,731
7,392
**7,453**
39,812
384,618
629,132
127,382
**1,141,132**
1,101,320| ||381,948
631,863
134,774
**1,148,585**
1,141,132| **6** ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY BALANCE SHEET AT 31 DECEMBER 2020** |Note
**Fixed assets:**
Tangible fixed assets
4
Investment assets-restoration fund
5
Investment assets-other funds
5
Investment property
6
**Current assets:**
Stock
7
Debtors and prepayments
8
Bank current accounts
9
Bank short-term deposit accounts
9
**Less current liabilities:**
Creditors: amounts due within one
10
year
**Net current assets**
**TOTAL NET ASSETS**
**REPRESENTED BY:**
Unrestricted funds
11
Restricted funds
12
Endowment funds
13
**TOTAL FUNDS**
_Signed by Mike Rawson, Treasurer_
………………………………
Date:|**TOTAL**
TOTAL
Unrestricted
Restricted
Endowment
**FUNDS**
FUNDS
Funds
Funds
Funds
**2020**
2019
£
£
£
**£**
£
226,403
-
-
**226,403**
228,005
-
408,014
-
**408,014**
415,098
-
720
129,699
**130,419**
123,029
115,000
-
-
**115,000**
100,000| |---|---| ||341,403
408,734
129,699
**879,836**
866,132| ||5,436
-
-
**5,436**
5,430
6,758
-
-
**6,758**
7,440
28,822
58,584
-
**87,406**
83,077
8,556
164,545
5,075
**178,176**
186,388| ||49,572
223,129
5,075
**277,776**
282,335
9,027
-
-
**9,027**
7,335| ||40,545
223,129
5,075
**268,749**
275,000| ||| ||381,948
631,863
134,774
**1,148,585**
1,141,132| ||381,948
-
-
**381,948**
384,618
-
631,863
-
**631,863**
629,132
-
-
134,774
**134,774**
127,382| ||381,948
631,863
134,774
**1,148,585**
1,141,132| ||_Approved by the Parochial Church Council and signed_
_by the Chairman_
………………………………
Date:| **7** ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY NOTES TO THE FINANCIAL STATEMENTS YEAR ENDED 31 DECEMBER 2020** **1. Accounting policies** ( this note should be read in conjunction with notes 2 to 14 ) These financial statements have been prepared in accordance with the Church Accounting Regulations 1997 as amended by the Church Accounting ( Amendment ) Regulations 2001 together with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Strandard applicable in the UK and Republic of Ireland ( FRS 102 ) ( issued 16 July 2014 ) and with the Charities Act 2011. These financial statements have been prepared under the historical cost convention with the exception of investment properties and certain tangible fixed assets, which are included at valuation, and investment assets which are included at market value. General accounting policies as recommended under the Church Accounting Regulations 1997 to 2001 have been applied. ## **Tangible fixed assets** Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life: Office equipment - 15% on cost Fixtures and fittings - 15% on cost Freehold property - revalued on a regular basis therefore no depreciation charged ## **Investment assets** Investment assets are shown in the balance sheet at market value. ## **Investment property** Investment property owned by the Parochial Church Council is held for its long-term investment potential. Investment property has been accounted for in accordance with SSAP19 as follows: - (a) investment properties are revalued annually and the surplus or deficit on revaluation is added to or deducted from the relevant Fund. - (b) no depreciation is provided in respect of leasehold investment properties where the unexpired lease term is in excess of 20 years - (c) an external independent valuation is carried out every five years. ## **Stock** Stock is included at the lower of cost and net realisable value. **8** ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY NOTES TO THE FINANCIAL STATEMENTS ( continued )** |**YEAR ENDED 31 DECEMBER 2020**
**2. Incoming resources**
Note
2.1 From donors:
Planned giving:-
Gift aid
Income tax recoverable on
gift aid giving
Freewill offering envelopes
not gift aided
Open plate collections at all
services
Priory Friends
Legacies
Sundry donations and income
14
Income from votive candle
stand
2.2 Other voluntary items:
Fêtes and bazaars
2.3 Operating activities:
Shop - gross takings
Parish magazine - gross
receipts
Church hall lettings
Organ receipts
Income from concerts and events
2.4 Income from investments:
Dividends and interest
Net rental income receivable
2.5 Other ordinary incoming resources:
Wedding and funeral fees,
including organist
Grant income re Church Room
refurbishment|**TOTAL**
TOTAL
Unrestricted
Restricted
Endowment
**FUNDS**
FUNDS
funds
funds
funds
**2020**
2019
£
£
£
**£**
£
41,323
-
-
**41,323**
33,719
9,409
-
-
**9,409**
10,364
5,898
-
-
**5,898**
9,643
15,671
-
-
**15,671**
22,147
212
-
-
**212**
752
20,000
-
-
**20,000**
-
3,453
483
-
**3,936**
15,790
245
-
-
**245**
1,673| |---|---| ||96,211
483
-
**96,694**
94,088| ||-
-
-
**-**
2,943| ||-
-
-
**-**
2,943| ||2,874
-
-
**2,874**
11,852
984
-
-
**984**
1,297
952
-
-
**952**
1,552
-
655
-
**655**
606
-
-
-
**-**
13,590| ||4,810
655
-
**5,465**
28,897| ||-
8,762
-
**8,762**
18,765
10,613
-
-
**10,613**
12,373| ||10,613
8,762
-
**19,375**
31,138| ||29,869
-
-
**29,869**
34,025
-
-
-
**-**
1,680| ||29,869
-
-
**29,869**
35,705| **9** |**THE PAROCHIAL CHURCH COUNCIL OF THE**|||||| |---|---|---|---|---|---| |**ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY**|||||| |**NOTES TO THE FINANCIAL STATEMENTS ( continued )**|||||| |**YEAR ENDED 31 DECEMBER 2020**||||**TOTAL**|TOTAL| ||Unrestricted|Restricted|Endowment|**FUNDS**|FUNDS| ||funds|funds|funds|**2020**|2019| |**3. Resources used**|£|£|£|**£**|£| |3.1 Costs of generating funds:|||||| |Church shop - purchases|2,852|-|-|**2,852**|8,839| |Cost of freewill offering|||||| |envelopes|-|-|-|**-**|119| ||2,852|-|-|**2,852**|8,958| |3.2 Grants and charitable donations|-|-|-|**-**|7,591| |3.3 Activities relating to the work of the|||||| |church:|||||| |_Ministry:_|||||| |Diocesan freewill offering|70,000|-|-|**70,000**|69,996| |Clergy housing|86|-|-|**86**|492| |Curate's expenses|-|-|-|**-**|638| |Rector's expenses|413|-|-|**413**|1,249| |YDBF fees re funerals|16,228|-|-|**16,228**|14,258| |_Church running expenses:_|||||| |Insurance|11,291|-|-|**11,291**|11,031| |Light and heat|17,111|-|-|**17,111**|16,069| |Cleaning and water rates|460|-|-|**460**|353| |Minor repairs|1,831|-|-|**1,831**|5,487| |Restoration work: gross|-|-|-|**-**|6,545| |Music, organ tuning|1,422|85||**1,507**|4,281| |Choir expenses|2,828|-|-|**2,828**|3,388| |Organists' fees and weddings|12,886|-|-|**12,886**|19,469| |Upkeep of services|481|-|-|**481**|1,413| |Churchyard upkeep|967|-|-|**967**|861| |Cost of concerts and events|763|-|-|**763**|9,289| |_Church Rooms running expenses:_|||||| |Insurance|236|-|-|**236**|1,403| |Light and heat|1,326|-|-|**1,326**|2,593| |Repairs - hall,bungalow,|||||| |12 Scarborough Road|1,314|-|-|**1,314**|7,675| |Sundry expenses|1,015|-|-|**1,015**|3,878| |Bell repairs|288|-|-|**288**|1,871| |Bell Tower|480|-|-|**480**|417| ||141,426|85|-|**141,511**|182,656| **10** |**THE PAROCHIAL CHURCH COUNCIL OF THE**|||||| |---|---|---|---|---|---| |**ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY**|||||| |**NOTES TO THE FINANCIAL STATEMENTS ( continued )**|||||| |**YEAR ENDED 31 DECEMBER 2020**||||**TOTAL**|TOTAL| ||Unrestricted|Restricted|Endowment|**FUNDS**|FUNDS| ||funds|funds|funds|**2020**|2019| ||£|£|£|**£**|£| |3.4_Church management and_|||||| |_administration:_|||||| |Accountancy|950|-|-|**950**|950| |Bank service charges|668|-|-|**668**|815| |Office costs|4,870|-|-|**4,870**|4,625| ||6,488|-|-|**6,488**|6,390| |**4. Tangible fixed assets**
COST OR VALUATION
At 1 January 2020
Additions
Disposals
Revaluation
At 31 December 2020
DEPRECIATION
At 1 January 2020
Charge for the year
Eliminated on disposal
At 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019|Office
Land and
equipment
buildings
Fixtures
TOTAL
£
£
£
£
7,471
200,000
56,045
263,516
-
-
6,805
6,805
-
-
-
-
-
-
-
-| |---|---| ||7,471
200,000
62,850
270,321| ||7,469
-
28,042
35,511
-
-
8,407
8,407
-
-
-
-| ||7,469
-
36,449
43,918| ||**2**
**200,000**
**26,401**
**226,403**| ||2
200,000
28,003
228,005| **11** **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY NOTES TO THE FINANCIAL STATEMENTS ( continued ) YEAR ENDED 31 DECEMBER 2020** ## **4. Tangible fixed assets ( continued )** The land and buildings comprise the Church Rooms, 19A Church Green, and a bungalow. The other property owned by the Parochial Church Council has been treated in the financial statements as an investment property as shown in note 6. The property was valued on a fair market value basis as at 31 December 2016 by Ullyotts, Chartered Surveyors and Estate Agents, subject to the occupational tenancy of the bungalow. ## **5. Investment assets** Investments held specifically for the Restoration Appeal Fund are managed by Brewin Dolphin who submit quarterly reports. The market value of the assets at 31 December 2020 has been supplied by Brewin Dolphin and a full list of the investments may be inspected on application to the Treasurer. A list of all other investment assets held may also be inspected on application to the Treasurer. |**6. Investment property**
At 1 January 2020
Revaluation movement
At 31 December 2020|£
100,000
15,000| |---|---| ||115,000| The valuation at 31 December 2020 has been carried out by the external valuers, Ullyotts, Chartered Surveyors and Estate Agents, based on an open market value on an existing use basis. The next external valuation is due at 31 December 2025. ## **7. Stock** |Stock of goods for resale|**2020**
2019
**£**
£
**5,436**
5,430| |---|---| This represents the stock held in the church shop. The stock is recorded at cost, less any provision considered necessary for slow-moving stock. **12** ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY NOTES TO THE FINANCIAL STATEMENTS ( continued ) YEAR ENDED 31 DECEMBER 2020** ## **8. Debtors** |**8. Debtors**|| |---|---| |Income tax recoverable
Prepayments|**TOTAL**
TOTAL
Unrestricted
Restricted
Endowment
**FUNDS**FUNDS
funds
funds
funds
**2020**
2019
£
£
£
**£**
£
6,000
-
-
**6,000**
6,089
758
-
-
**758**
1,351| ||6,758
-
-
**6,758**
7,440| ## **9. Bank current accounts and short-term deposit accounts** Detailed schedules of the various bank accounts may be inspected on application to the Treasurer. |**10. Creditors: amounts falling due within**
**one year**
Accrued charges
Income received in advance|**TOTAL**
TOTAL
Unrestricted
Restricted
Endowment
**FUNDS**FUNDS
funds
funds
funds
**2020**
2019
£
£
£
**£**
£
9,027
-
-
**9,027**
6,785
-
-
-
**-**
550| |---|---| ||9,027
-
-
**9,027**
7,335| **13** ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY NOTES TO THE FINANCIAL STATEMENTS ( continued ) YEAR ENDED 31 DECEMBER 2020** ## **11. Unrestricted Funds** Movements on the Unrestricted Funds were: |||Normal|||| |---|---|---|---|---|---| ||Balances|Incoming/|||**Balances at**| ||at 1 January|(outgoing)|||**31 December**| ||2020|resources|Depreciation|Revaluation|**2020**| ||£|£|£|£|**£**| |General Fund|358,739|1,802|(8,407)|15,000|**367,134**| |Designated Fund - Sunday|||||| |School and Other Repair|25,879|(11,065)|-|-|**14,814**| ||384,618|(9,263)|(8,407)|15,000|**381,948**| The balance of the fund at 31 December 2020 is represented by the following assets less liabilities: |Tangible fixed assets
Investment property
Shop stock net of any provision
Debtors
Bank balances and cash available for unrestricted use-current accounts
Bank balances and cash available for unrestricted use-deposit accounts
Creditors|£
**226,403**
**115,000**
**5,436**
**6,758**
**28,822**
**8,556**
**(9,027)**| |---|---| ||**381,948**| ## **12. Restricted Funds** Movements on the Restricted Funds were: |Priory and Organ
Restoration Funds
Fabric Repair
Sundry small funds
The balance of the fund at 31 December 2020
Investment assets
Bank current accounts
Bank short-term deposit accounts|Balances at
Incoming/
Change in
1 January
(outgoing)
market
2020
resources
value
£
£
£
572,764
(6,038)
(7,084)
7,643
2,841
-
48,725
13,012
-
629,132
9,815
(7,084)
is represented by the following assets:|**Balances at**
**31 December**
**2020**
**£**
**559,642**
**10,484**
**61,737**| |---|---|---| |||**631,863**| |||£
**408,734**
**58,584**
**164,545**| |||**631,863**| **14** ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY NOTES TO THE FINANCIAL STATEMENTS ( continued ) YEAR ENDED 31 DECEMBER 2020** ## **13. Endowment Funds** Movements on the Endowment Funds were: |**13. Endowment Funds**
Movements on the Endowment Funds were:|||||| |---|---|---|---|---|---| ||Balances at|Incoming/|Change in||**Balances at**| ||1 January|(outgoing)|market||**31 December**| ||2020|resources|value||**2020**| ||£|£|£||**£**| |General|5,073|2|-||**5,075**| |Fabric|122,046|(2)|7,392||**129,436**| |Sundry Small Funds|263|-|-||**263**| ||127,382|-|7,392||**134,774**| |The balance of the fund at 31 December 2020 is represented by the following assets:|||||| ||||||£| |Investment assets|||||**129,699**| |Bank short-term deposit accounts|||||**5,075**| ||||||**134,774**| |**14. Sundry donations and income**|||**2020**|**2020**|2019| |( all unrestricted funds unless indicated otherwise )|||**General**|**Restricted**|| ||||**£**|**£**|£| |Other sundry income|||**1,753**|**-**|1,411| |Donations|||**675**|**-**|11,168| |Quiz nights|||**447**|**-**|615| |Cake stall|||**301**|**-**|1,256| |Drinks machine sales|||**160**|**-**|1,058| |Less: drinks machine costs|||**(89)**|**-**|(346)| |Hope Housing|||**124**|**-**|0| |Scripture Union|||**55**|**-**|0| |Website sales|||**27**|**-**|48| |Church restoration|||**-**|**483**|580| ||||**3,453**|**483**|15,790| **15** ## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BRIDLINGTON ST. MARY SUMMARY OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2020** ## **INCOME AND EXPENDITURE:** |Total incoming resources
Resources used
(Excess of expenditure over income)/
Excess of income over expenditure
Depreciation charge
Gains relating to investments
Net movement in funds
Fund balances brought forward
at 1 January 2020
Fund balances carried forward
At 31 December 2020|**TOTAL**
TOTAL
Unrestricted
Restricted
Endowment
**FUNDS**
FUNDS
Funds
Funds
Funds
**2020**
2019
£
£
£
**£**
£
141,503
9,900
-
**151,403**
192,771
(150,766)
(85)
-
**(150,851)**
(205,595)| |---|---| ||(9,263)
9,815
-
**552**
(12,824)
(8,407)
-
-
**(8,407)**
(8,730)
15,000
(7,084)
7,392
**15,308**
61,366| ||(2,670)
2,731
7,392
**7,453**
39,812
384,618
629,132
127,382
**1,141,132**
1,101,320| ||381,948
631,863
134,774
**1,148,585**
1,141,132| Note: this page does not form part of the statutory accounts. **16**