## ## ||||||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|