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|onens||Page|
|Annual
Report ofthe Parochial|Church Council||
|Independent
Examiner's
Report|||
|Statement of Financial Activities||12|
|Balance Sheet||13|
|Statement ofCash Flows||14|
|Notes to the Financial Statements||15-24|
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|Potential|Risk|Potential Impact||||Steps to mitigate
risk|||||
|---|---|---|---|---|---|---|---|---|---|---|
|Security|ofassets|~ loss or damage||||~ review security arrangements|||||
|||~ theft ofassets||||~ asset register and inspection|programme||||
|||||||~ review insurance
cover|||||
|Fund-raising||~ unsatisfactory
returns||||~ implement
appraisal,
budgeting||and||authorisation|
|||~ reputational
risks ofcampaign|||or|procedures|||||
|||methods
used||||~ review regulatory
compliance|||||
|||~ actions ofagents and|commercial|||~ monitor the adequacy offinancial|||returns achieved||
|||fund-raisers||||~ stewardship
reporting
in annual||report|||
|||~ compliance
with law|and||||||||
|||regulation|||||||||
|Disaster recovery and||~ computer system failures||or loss||~ agree ITrecovery plan|||||
|planning||ofdata||||~ implement
data backup procedures||||and security|
|||~ destruction
of property,||||measures|||||
|||equipment,
records through||fire,||~ review insurance
cover|||||
|||flood orsimilar damage||||~ create disaster recovery plan|||||
|Cash flow|sensitivities|~ inability to meet commitments||||~ ensure adequate
cash flow projections (prudence of|||||
|||~ lack of liquidity to cover variance||||assumptions)|||||
|||in costs||||~ identify major sensitivities|||||
|||~ impact on operational|activities|||~ ensure adequate
information|flow||from operational||
|||||||managers|||||
|||||||~ monitor arrangements
and re|porting||||
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|For the year|ended 31|||||||||
|---|---|---|---|---|---|---|---|---|---|
|December 2020|||2020||||2019|||
|||Unrestricted|Restricted|Endowment|TOTAL|Unrestricted|Restricted|Endowment|TOTAL|
|||Funds|Funds|Funds|2020|Funds|Funds|Funds|2019|
|Notes||2(a)|2(b)|10||2(a)|2(b)|10||
|INCOME||E||E||f|f|E||
|Voluntary
income||181,182|14,233||195,415|1,055,973|54,263||1,100,236|
|Income from|church|||||||||
|activities||12,036|||12,036|12,632|25,495||38,127|
|Activities for||||||||||
|generating
funds||3,974|9,747||13,721|12,271|||12,271|
|Income from||||||||||
|investment's||3,315|||3,315||50|1,118|1,169|
|Total Income||200,507|23,980||224,487|1,080,877|79,808|1,118|1,161,803|
|EXPENDITURE||||||||||
|Church activities||262,396|18,275||280,671|285,438|21,673||307,111|
|Raising funds||1,464|9,352||10,816|3,934|2,339||6,273|
|Total Expenditure||263,860|27,627||291,487|289,372|24,012||313,384|
|Net||||||||||
|Income/(Expenditure)||(63,353)|(3,647)||(67,000)|791,505|55,796|1,118|848,419|
|Transfer between||||||||||
|funds||||||3,700|(3,700)|||
|Net movement|in|||||||||
|funds||(63,353)|(3,647)||(67,ooo)|795,205|52,096|1,118|848,419|
|Reconciliation|of|||||||||
|funds||||||||||
|Total funds brought||||||||||
|forward||904,975|112,762|132,278|1,150,015|109,770|60,666|131,160|301,596|
|Total funds carried||||||||||
|forward||841,622|109,115|132,278|1,083,015|904,975|112,762|132,278|1,150,015|
##
||||Notes||2020||2019|
|---|---|---|---|---|---|---|---|
||||||f||f|
|FIXEDASSETS||||||||
|Tangible assets|||||13,240||14,946|
|CURRENT ASSETS||||||||
|Debtors||||15,967||75,214||
|Cash at bank and|in hand|||1,072,718||1,087,146||
|||||1,088,685||1,162,360||
|LIABILITIES:AMOUNTS||FALLING||||||
|DUE WITHIN ONE|YEAR|||18,910||27,291||
|NET CURRENT ASSETS|||||1,069,775||1,135,069|
|NET ASSETS|||||1,083,015||1,150,015|
|PARISH FUNDS||||||||
|Unrestricted|||||841,622||904,975|
|Restricted|||||109,115||112,762|
|Endowment|||||132,278||132,278|
||||||1,083,015||1,150,015|
##
||||2020||2019|
|---|---|---|---|---|---|
||||f||f|
|Cash from operating
activities|||(14,403)||821,950|
|Cash flows from invest;ing activities||||||
|Interest receivable||3,315||1,169||
|Payment to acquire tangible
fixed assets||(3,340)||(18,878)||
|Cash (used in) investing
activities|||(25)||(17,709)|
|Change
in cash in reporting
period|||(14,428)||804,241|
|Cash at 1stJanuary|||1,087,146||282,905|
|Cash at 31stDecember|||1,072,718||1,087,146|
|Cash used in operating
activities||||||
|Net income/(expenditure)|||(67,000)||848,419|
|Interest received|||(3,315)||(1,169)|
|Depreciation
charges|||5,046||3,932|
|Decrease/(increase)
in debtors|||59,247||(37,211)|
|Increase/(decrease)
in creditors|||(8,381)||7,979|
|Net cash provided
by operating|activities||(14,403)||821,950|
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|Note 2a Unrestricted
general church funds|Note 2a Unrestricted
general church funds|Note 2a Unrestricted
general church funds|2020|2019|
|---|---|---|---|---|
|INCOME|||f|E|
|Volunta
income|||||
|Planned
Giving|||136,619|159,905|
|Collections (plate) at:services|||1,812|6,352|
|Income tax recoverable|||30,368|34,639|
|Grants received|||3,092||
|Donations etc.|||8,791|9,917|
|Legacies|||500|845,160|
||||181,182|1,055,973|
|Income From Church Activities:|||||
|Wedding,
Baptism and Funeral fees|||11,988|12,593|
|Contractual
income|||48|39|
||||12,036|12,632|
|Activities for
eneratin|funds||||
|Magazine
sales|||1,649|2,526|
|Magazine
advertising|||1,395|2,418|
|Fetes and other fundraising||events||6,597|
|Orchard
hire|||930|730|
||||3,974|12,271|
|Interest income|||3,315||
|TOTAL INCOME|||200,507|1,080,877|
|EXPENDITURE|||||
|Church Activities|||||
|Parish Share|||120,000|117,504|
|Clergy expenses|||884|790|
|Church
building
maintenance|||8,143|17,586|
|Churchyard
maintenance|||151|113|
|Youth, children,
music and hospitality|||37,150|42,221|
|Church
running
expenses|||38,692|46,912|
|Organ costs|||300|297|
|General &secretarial expenses|||31,765|32,700|
|Printing
and stationery|||8,966|9,912|
|Depreciation|||5,046|3,932|
||||251,097|271,967|
|Grants|||||
|Overseas
mission societies|||7,697|9,458|
|Christian
relief &development||agencies|500|500|
|Home mission &other church||societies|3,102|3,513|
||||11,299|13,471|
##
|Note 2a Unrestricted|general|church funds (continued)||||
|---|---|---|---|---|---|
|Fund Raisin
costs||||||
|Fund raising costs total|||1,464||3,934|
|TOTAL EXPENDITURE|||263,860||289,372|
|Note 2 (b) Restricted|Funds|||||
|Trust Funds|||2020||2019|
||||f||f|
|Income||||||
|Dividends
&Interest||||||
|Expenditure||||||
|Flowers &upkeep ofgraves||||||
|Net income||||||
|Balance at 1January||||367|367|
|Balance at31December||||367|367|
|Bell Fund|||2020||2019|
||||f||f|
|Income||||||
|Interest|||||50|
|Surplus from weddings||||||
|Net income|||||50|
|Transfers|||||300|
|Balance at 1January||||28,576|28,226|
|Balance at31December|||28,576||28,576|
|Specific Donations|||2020||2019|
||||f||f|
|Income||||||
|Collections||||30|1,236|
|Donations etc||||9,202|2,900|
|Events|||||1,248|
|||||9,232|5,384|
|Expenditure||||||
|Overseas
mission societies||||||
|Christian
relief &development||agencies||459|1,551|
|Home mission &other|church|societies|||970|
|Secular charities||||(689)|{2,332)|
|Refunds||||9,202||
##
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|Note 2 (b) Restricted Funds (continued)|Note 2 (b) Restricted Funds (continued)|Note 2 (b) Restricted Funds (continued)|||
|---|---|---|---|---|
|Net Income|||260|5,195|
|Balance at 1January|||5,195||
|Balance at31December|||5,455|5,195|
||||2020|2019|
|A~eel Fund|||f|f|
|Income|||||
|Expenditure|||||
|Grants to home mission &other||church societies|||
|Costs of Fundraising|||||
|Equipment
purchases|||3,136|8,272|
||||3,136|8,272|
|Net Income/(expenditure)|||(3,136)|(8,272)|
|Balance at 1January|||9,939|18,211|
|Balance at31December|||6,803|9,939|
|Peter Aubertin
Hall|||2020|2019|
|Income|||f|f|
|Operating
activities|to generate|funds|||
|Church
hall lettings|||9,525|22,255|
||||9,525|22,255|
|Dividends
&interest|||||
|Other Income|||||
||||9,525|22,255|
|Expenditure|||||
|Church
hall running|costs||6,849|10,145|
|Church
hall building|maintenance||3,500|3,884|
|Administration
of Hall Bookings|||4,000||
||||14,349|14,029|
|Net Income|||(4,824)|8,226|
|Transfers||||(4,000)|
|Balance at 1January|||15,263|11,037|
|Balance at31December|||10,439|15,263|
##
|Note 2 b Restricted|funds|continued|||
|---|---|---|---|---|
|~Mu swell Hati|||2020|2019|
||||f|E|
|Income|||||
|Donations||||337|
|Church
hall lettings|||235|1,782|
||||235|2,119|
|Expenditure|||||
|Church
hall running|costs||1,022|1,200|
|Church
hall building|maintenance||148|322|
||||1,170|1,522|
|Net Income
Balance at 1January
Balance at31December|||(935)
3,422
2,487|597
2,825
3,422|
||||2020|2019|
|Fabric Fund|||f||
|income|||||
|Bequest|||4,988|50,000|
|Expenditure|||||
|Net Income
Balance at 1January|||4,988
50,000|50,000|
|Balance at31December|||54,988|50,000|
##
|3:Fixed assets fo|r use by the PCC|||||
|---|---|---|---|---|---|
|||Furniture,|fittings and|||
|||equipment||||
|Cost|At 1January 2020||18,878|||
||Additions at cost||3,340|||
||At 31December 2020||22,218|||
|Depreciation|At 1January 2020||3,932|||
||Charge for the year||5,046|||
||At 31December 2020||8,978|||
|Net book value|At 31December 2020||13,240|||
||At31December 2019||14,946|||
|4:Staff Costs||||2020|2019|
|||||f|f|
|Wages and salaries||||58,096|62,579|
|Socia I security costs||||1,204|642|
|Employers
Pension|costs|||1,354|1,438|
|Total||||60,654|64,659|
|Average number ofemployees||||||
|5Debtors|2020|2019|
|---|---|---|
|Due within one year|f|f|
|Income Tax recoverable|9,543|17,825|
|Prepayments|5,491|5,936|
|Other Debtors|933|51,453|
|Tota Idebtors|15,967|75,214|
|6Liabilities|2020|2019|
|Amount
falling due within one year|f|f|
|Deferred Income|300|195|
|Accruals|18,610|27,096|
|Total liabilities|18,910|27,291|
##
##
||||2020|2020||
|---|---|---|---|---|---|
|||Current|Fixed assets|Current|Fund|
|||Assets||Liabilities|Balance|
|Unrestricted|Funds|846,090|13,240|(17,708)|841,622|
|Fabric Fund||54,988|||54,988|
|Trust Funds||367|||367|
|Bell Fund||28,576|||28,576|
|Appeal
Fund||6,803|||6,803|
|Specific Donations||6,009||(554)|5,455|
|PA Hall||11,087||(648)|10,439|
|Mugswell
Hall||2,487|||2,487|
|Endowment|Fund|132,278|||132,278|
|Total Funds||1,08&,685|13,240|(18,910)|1,083,015|
||||2019|||
|||Current|Fixed assets|Current|Fund|
|||Assets||Liabilities|Balance|
|||E||||
|Unrestricted|Funds|906,551|14,946|(16,522)|904,975|
|Fabric Fund||50,000|||50,000|
|Trust Funds||367|||367|
|Bell Fund||28,576|||28,576|
|Appeal
Fund||9,939|||9,939|
|Specific Donations||15,273||(10,078)|5,195|
|PA Hall||15,954||(691)|15,263|
|Mugswell
Hall||3,422|||3,422|
|Endowment|Fund|132,278|||132,278|
|Tota I Funds||1,162,360|14,946|(27,291)|1,150,015|
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||||2020||2019|
|---|---|---|---|---|---|
||||||f|
|Within|1year|||1,430|1,430|
|Within|2to 5years|||3,934|5,364|
|||||5,364|6,794|
|Lease|payments|during the year||1,799|2,009|
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