| Page | |||||
|---|---|---|---|---|---|
| Parochial Church Council's annual |
report | ||||
| Independent examiner's |
report to | the Parochial | Church | Council | |
| Statement of Financial |
Activities | ||||
| Balance Sheet | |||||
| Notes to the financial statements |
| 2020 | 2020 | 2019 | 2019 | |||||
|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Endowment | ||||||
| funds | funds | funds | Total funds | Total funds | ||||
| Note | E | |||||||
| Income and endowments | ||||||||
| Donations and legacies |
4 | F139,771 | F3,312 | F143,083 | 120,962 | |||
| Charitable activities |
5 | 6889 | F889 | 4,854 | ||||
| Other trading activities |
6 | F14,071 | F14,071 | 23,208 | ||||
| investment income |
7 | E1,524 | E1,524 | 2,285 | ||||
| Total income | f156,255 | f3,312 | R159,567 | 151,309 | ||||
| Expenditure | ||||||||
| Costs ofgenerating voluntary income Costs ofchurch |
CD CD r so CI'P- N e Oco SI CD. |
|||||||
| activities | 9 | F92,211 | E1,675 | 793,886 | CI | ID sI SI e O CD e |
||
| Church Expenses | 10 | 644,963 | F1,036 | f45,999 | ||||
| Total expenditure | F137,174 | F2,711 | E139,885 | 144,526 | ||||
| Net gains/(losses) | on | |||||||
| investments | 12 | f988 | f988 | 2,334 | ||||
| Net income/(outgoing) | 619,081 | f601 | F988 | K20,670 | 9,117 | |||
| Adjustment | P1,500 | P1,500 | ||||||
| Addition to compensate for |
inconsistencies | |||||||
| in 2019financial statements | (see note | 20) | ||||||
| Reconciliation of |
funds | |||||||
| Total funds brought | forward | 430,505 | 6,594 | 15,402 | 452,501 | 443,384 | ||
| Total funds carried forward | 451,086 | 7,195 | 16,390 | 474,671 | 452,501 |
| 2020 | 2019 | ||||||
|---|---|---|---|---|---|---|---|
| Note | |||||||
| Fixed assets | |||||||
| Tangible fixed assets | 16 | 100,000 | 100,000 | ||||
| Investments | 17 | 265,281 | 15,402 | ||||
| (a) | 365,281 | 115,402 | |||||
| Current assets | |||||||
| Debtors | 18 | 9,375 | 578 | ||||
| Cash at bank and | in | hand | 100,463 | 341,550 | |||
| (b) | 109,838 | 342,128 | |||||
| Creditors: amounts | falling due within | one year | 19 | (c) | 448 | 5,029 | |
| Net current assets | (b - c) | (d) | 109,390 | 337,099 | |||
| Total assets less | current liabilities |
(a + d) | 474,671 | 452,501 | |||
| Net assets | 474,671 | 452,501 | |||||
| Funds ofthe charity | |||||||
| Endowment funds |
16,390 | 15,402 | |||||
| Restricted funds | 7,195 | 6,594 | |||||
| Unrestricted funds |
451,087 | 430,505 | |||||
| Total charity funds | 20 | 474,672 | 452,501 |
| 4. | Donations | and legacies | and legacies | and legacies | |||
|---|---|---|---|---|---|---|---|
| 2020 | Unrestricted | Restricted | Total Funds | ||||
| Funds | Funds | 2020 | |||||
| Donations | |||||||
| Planned Giving |
F78,413 | F78,413 | |||||
| Collections | at services | P2,733 | P2,733 | ||||
| Other giving, including Income tax recovered |
special appeals | E2,471 *227,158 |
E3,237 | F5,708 F27,158 |
|||
| Legacies | |||||||
| Legacies | F6,000 | F6,000 | |||||
| Grants | |||||||
| Government | Business | Grants re. COVID-19 | F20,000 | 620,000 | |||
| Coronavirus | Job Retention Scheme | F2,396 | F2,396 | ||||
| Other Grants | (Youth Work 8 CCTV) | f600 | 675 | 6675 | |||
| F139,771 | f3,312 | 6143,083 |
| F139,771 |
F139,771 |
F139,771 |
f3,312 | 6143,083 | ||||
|---|---|---|---|---|---|---|---|---|
| * Includes Gift Aid |
tax received | in 2020 relating | to giving | that was received in 2019 (for |
all giving | outside of the | ||
| PGS), since this was not included | in the 2019financial statements | (f12,743).Also includes | the Gift | Aid tax that will | ||||
| be claimed in 2021 |
relating to (non-PGS) giving | received | in 2020 | (F9,375). | ||||
| 2019 | Unrestricted | Restricted | Total Funds | |||||
| Funds | Funds | 2019 | ||||||
| Donations | ||||||||
| Planned Giving |
64,382 | 64,382 | ||||||
| Collections | and other giving | 26,675 | 26,675 | |||||
| Income tax | recovered | 20,774 | 20,774 | |||||
| Legacies | ||||||||
| Legacies | 10 | 10 | ||||||
| Gifts | ||||||||
| Donations | 2,792 | 1,012 | 3,804 | |||||
| Grants | ||||||||
| Grants receivable - HLF | (Bells) | 4,393 | 4,393 | |||||
| Grants receivable - LPOW (refund ofVAT) | 924 | 924 | ||||||
| 115,557 | 5,405 | 120,962 |
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||
|---|---|---|---|---|---|---|---|
| Funds | 2020 | Funds | 2019 | ||||
| F | |||||||
| Contributions | for local community | use | |||||
| church centre | |||||||
| Wedding | 8 funeral fees retained | by | |||||
| PCC | F889 | f889 | 4,854 | 4,854 | |||
| 2889 | f889 | 4,854 | 4,854 |
| Other trading activities |
||||
|---|---|---|---|---|
| Unrestricted | Total Funds | Unrestricted | Total Funds | |
| Funds | 2020 | Funds | 2019 | |
| Refunds | ||||
| Rent received | F14,071 | f14,071 | 23,208 | 23,208 |
| F14,071 | F14,071 | 23,208 | 23,208 |
| 2020 | Unrestricted | Restricted | Total | Funds | ||
|---|---|---|---|---|---|---|
| Funds | Funds | 2020 | ||||
| F | F | F | ||||
| Bank | interest | receivable | E1,524 | E1,524 | ||
| 2019 | Unrestricted | Restricted | Total | Funds | ||
| Funds | Funds | 2019 | ||||
| E | ||||||
| Bank | interest | receivable | 2,285 | 2,285 |
| 8. | Costs ofgenerating voluntary income |
|||
|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| E | E | |||
| Costs offundraising | ||||
| 9. | Costs ofchurch activities | |||
| Unrestricted | Restricted | Total Funds | ||
| Funds | Funds | 2020 | ||
| P | E | |||
| Diocesan Parish Share | E?2,892 | F?2,892 | ||
| Mission giving 8 donations |
E4,540 | E1,675 | E6,215 | |
| Salaries, wages 8 expenses | 214,779 | F14,779 | ||
| F92,211 | E1,675 | 693,886 |
| 10. | Church | expenses | expenses | expenses | |||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total Funds | |||||||||
| Funds | Funds | 2020 | |||||||||
| F | |||||||||||
| Church | running | costs | F10,082 | E1,036 | 211,118 | ||||||
| Church | utility | costs | F17,025 | 217,025 | |||||||
| Church | Centre | running | costs | F15,097 | F15,09? | ||||||
| Maintenance | 8 | repairs | (Church | and | Church | Centre) | E2,759 | F2,759 | |||
| F44,963 | f1,036 | f45,999 |
| Year end | Year end | Year end | ed | 31 | Dece | mber | 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 11. | 2019Expenditure | (for | comparison) | ||||||||||||
| Costs ofgenerating | voluntary | income | |||||||||||||
| Unrestricted | Restncted | Total Funds | |||||||||||||
| Funds | Funds | 2019 | |||||||||||||
| E | F | E | |||||||||||||
| Costs of raising donations | and legacies | 4,525 | 4,525 | ||||||||||||
| Costs ofother trading | activities | ||||||||||||||
| Unrestricted | Restricted | Total Funds | |||||||||||||
| Funds | Funds | 2020 | |||||||||||||
| E | E | ||||||||||||||
| Costs ofother | trading | activities | |||||||||||||
| Unrestricted | Restricted | Total Funds | |||||||||||||
| Funds | Funds | 2019 | |||||||||||||
| Costs ofother | trading | activities | 135,540 | 1,348 | 136,888 | ||||||||||
| Expenditure | on charitable | activities | by | fund | type | ||||||||||
| Unrestricted | Total Funds | Unrestricted | Total Funds | ||||||||||||
| Funds | 2020 | Funds | 2019 | ||||||||||||
| E | E | ||||||||||||||
| Support costs | 3,113 | 3,113 | |||||||||||||
| Expenditure | on charitable | activities | by | activity type | |||||||||||
| Total funds | Total fund | ||||||||||||||
| Support costs | 2020 | 2019 | |||||||||||||
| F | |||||||||||||||
| Governance | costs | 3,113 | |||||||||||||
| 12. | Net gains/(losses) | on investments | |||||||||||||
| 2020 | 2019 | ||||||||||||||
| Endowment | Total | Funds | Endowment | Total Funds | |||||||||||
| Funds | 2020 | Funds | 2019 | ||||||||||||
| F | |||||||||||||||
| Gains/(losses) | on other | investment | |||||||||||||
| assets | f988 | 6988 | 2,334 | 2,334 | |||||||||||
| 13. | Independent | examination | fees | ||||||||||||
| 2020 | 2019 | ||||||||||||||
| E | |||||||||||||||
| Fees payable | to the | independent | examiner for: | ||||||||||||
| Independent | examination | ofthe | financial | statements | 750 |
| 2020 | 2019f | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Staff | costs | 14,057 | 12,947 | ||||||||||
| The | average | head | count | ofemployees | during | the | year | was | 3 | (2019: | 3). |
| No remuneration or other received by the trustees. Tangible fixed assets |
benefit | s from |
employment with the c |
harity or a related |
entity were |
|---|---|---|---|---|---|
| Freehold | |||||
| property | |||||
| Cost | |||||
| At 1 January 2020 and 31 |
December 2020 | 100,000 | |||
| Depreciation | |||||
| At 1 January 2020 and 31 |
December 2020 | ||||
| Carrying amount |
|||||
| At 31 December 2020 | 100,000 | ||||
| At 31 December 2019 | 100,000 | ||||
| Investments | |||||
| COIF Charities Investment | Fund | ||||
| 2020 | 2019 | ||||
| Number of shares held |
910 | ||||
| Mid market value of one share on | 31"December 2020 | f18 | |||
| Market value oftotal share | holding | on 31"December 2020 | 216,390 | f15,402 | |
| CBFChurch of England Deposit |
Fund | ("Legacies Fund") | |||
| Value on 31"December 2020 | F248,891 | F247,838 |
| 18. | Debtors | |||||
|---|---|---|---|---|---|---|
| 2020 f |
2019 E |
|||||
| Debtors for goods and services | 578 | |||||
| HMRC (Gift Aid tax pertaining | to giving income received | in 2020) | 9,375 | |||
| 9,375 | 578 | |||||
| 19. | Creditors: amounts | falling due within one year | ||||
| 2020 | 2019 | |||||
| Creditors for goods and services | 448 | 3,289 | ||||
| Accruals and deferred | income | 1,740 | ||||
| 5,029 |
| Unrestricted | fund | s | |||||
|---|---|---|---|---|---|---|---|
| At | Gains and | At | |||||
| 1 Jan 2020 | Income | Expenditure | Transfers | losses | 31 Dec 2020 | ||
| F | |||||||
| General funds | 37,961 | 122,380 | 117,643 | 13,000 | 1,500** | 31,198 | |
| Church | |||||||
| Restoration | and | 26,749 | 472 | (770) | 'I2,500 | 38,951 | |
| Maintenance | |||||||
| Church Centre* | 4,256 | 26,350 | 17,720 | 12,886 | |||
| Fabric | 427 | 427 | |||||
| Vicar 8 Wardens | 168 | 1,040 | 372 | ||||
| Le acies | 253,850 | 7,052 | 260,902 | ||||
| Church Centre | |||||||
| Asset | 100,000 | 100,000 | |||||
| Bells | 7,095 | 7,095 | |||||
| 430,506 | 157,254 | (138,173) | — | 1,500 | 451,087 |
| At | Gains and | At | ||||||
|---|---|---|---|---|---|---|---|---|
| 1 | Jan 2019 | Income | Expenditure | Transfers | losses | 31 Dec 2019 | ||
| F | E | |||||||
| General funds | 33,456 | 144,009 | 134,904 | 4,600 | 37,961 | |||
| Church | ||||||||
| Restoration | and | |||||||
| Maintenance | 21,784 | 1,718 | 1,753 | 5,000 | 26,749 | |||
| Church Centre | ||||||||
| Maintenance | 8,759 | 168 | 4,671 | 4,256 | ||||
| Fabric | 427 | 427 | ||||||
| Vicar 8 Wardens | 1,118 | 950 | 168 | |||||
| Le acies | 254,740 | 10 | 900 | 253,850 | ||||
| Church Centre | ||||||||
| Asset | 100,000 | 100,000 | ||||||
| Bells | 7,095 | 7,095 | ||||||
| 427,379 | 145,905 | (143,178) | 400 | 430,506 |
| At | Gains and | At | |||||
|---|---|---|---|---|---|---|---|
| 1 Jan 2020 | Income | Expenditure | Transfers | losses | 31 Dec 2020 | ||
| Bells | 4,876 | 300 | 5,176 | ||||
| Befriend | ers | 1,113 | 1,113 | ||||
| Ni ht Shelter |
249 | 562 | 300 | 511 | |||
| General Youth |
Fund | 356 | 75 | (36) | 395 | ||
| General | Fund | ||||||
| (restricted * |
1,375 | (1,375) | |||||
| donations | |||||||
| Vicar &Wardens Fund |
1,000 | (1,000) | |||||
| 6,594 | 3,312 | (2,711) | 7,195 |
| At | Gains and | At | ||||
|---|---|---|---|---|---|---|
| 1 Jan 2019 | Income | Expenditure | Transfers | losses | 31 Dec2019 | |
| F | F | E | E | |||
| Bells | 1,054 | 4,393 | 571 | 4,876 | ||
| Befrienders | 1,113 | 1,113 | ||||
| Ni ht Shelter |
397 | 912 | 660 | 249 | ||
| Youth | 373 | 100 | (117) | 356 | ||
| 2,937 | 5,405 | (1,348) | 6,594 |
| wment fun |
ds | |||||||
|---|---|---|---|---|---|---|---|---|
| At | Gains and | At | ||||||
| 1 Jan 2020 | Income | Expenditure | Transfers | losses | 31 Dec 2020 | |||
| F | F | |||||||
| Permanent | ||||||||
| Endowment | Fund | |||||||
| 1 - desc in | a/cs | |||||||
| Expendable | ||||||||
| Endowment | Fund | |||||||
| - COIF | ||||||||
| Investment | 15,402 | 16,390 | ||||||
| 15,402 | 988 | 16,390 | ||||||
| At | Gains and | At | ||||||
| 1 Jan 2019 | Income | Expenditure | Transfers | losses | 31 Dec 2019 | |||
| F | f. | F | ||||||
| Permanent | ||||||||
| Endowment | Fund | |||||||
| 1 - desc in | a/cs | 2,334 | 2,334 | |||||
| Expendable | ||||||||
| Endowment | Fund | |||||||
| - COIF | ||||||||
| Investment | 13,068 | 13,068 | ||||||
| 13,068 | 2,334 | 15,402 |