## **The Parochial Church Council (PCC) of St George Swallowbeck Annual Report for the Year Ending December 31[st] 2020** ## **Reference and Administrative Information** St George’s Church is located in the parish of Swallowbeck in south western Lincoln. This Anglican parish is part of the Diocese of Lincoln within the Church of England. The church correspondence address is St George’s Church, Eastbrook Road, Lincoln, LN6 7EP. The Parochial Church Council is a charitable trust (Charity Commission Reg. no. 1144018). PCC Charity Secretary address: 21 Dore Avenue, North Hykeham, LN6 8LN. ## **2020 Overview: The Unprecedented Year** Early 2020 saw the onset of the worldwide pandemic of the Coronavirus (Covid 19 virus). From March most workplaces, shops and all offices, restaurants, pubs, institutions and schools were closed down, including our church and hall. People were instructed to stay at home. Travel virtually ceased. Indoor gatherings were severely restricted. Our mid-morning services moved online via Facebook and Youtube. PCC and other gatherings including monthly prayer evenings and Expect evening services also moved online via Zoom bookings. A temporary summer lockdown relaxation enabled previously curtailed 9 a.m. inperson church services to resume in July with attendance restricted by sociallydistanced seating, and the resumption of afternoon Messy Church in-person services. Much effort was devoted to keeping in touch with members of the congregation without internet facilities and to supporting the elderly, vulnerable single person households and people with underlying health issues through hand delivery of shopping, medications, church newsletters, etc. Under revised Church of England guidance, our Annual Parochial Church Meeting was postponed to 18 October. Our thanks go to all those involved in thinking and operating ‘outside the box’ during this difficult year, particularly our PCC members and those involved in pastoral care and prayer support. PCC members who served during the year were: _**Vicar:**_ Revd Tim Voltzenlogel _**Curate:**_ Kath Pickering (from 6 July) _**Wardens**_ : Richard Smith; Debby Jones (Vice Chair) (to 18 Oct); Del Gunter (from 18 Oct) _**Lay Readers:**_ Dave Albans; Malcolm Gray; Reuben Jolliff _**Treasurer:**_ Linda Hymas _**PCC Secretary**_ : Kathryn Crosby _**Representatives on the Deanery Synod:**_ Tracey Steele (to 18 Oct) Adam Keen (from 18 Oct) Gina Richardson (to 18 Oct) Debby Jones (from 9 Nov) Del Gunter (to 18 Oct) Jonny Bell (from 9 Nov) _**Elected Members:**_ Jeanette Ash (to 18 Oct) Linda Hymas 1 John Boyer Adam Keen (to 18 Oct) Sally Keen Tracey Steele (from 18 Oct) Kathryn Crosby Karl Moore Colin Draper Maggie Pitts (to 21 Sept) Graham Goodhew Lindsey Slapp Helen Housam _**Co-opted**_ **-** Helen Brooking (Safeguarding Officer) ## **Structure and Governance** The PCC is a corporate body established by the Church of England. It operates under the Parochial Church Council Powers Measure. The method of appointment of PCC members (Trustees) is set out in the Church Representation Rules. Church attendees are encouraged to register on the Electoral Roll and to stand for election to the PCC. The registered charity is an umbrella organisation which also oversees the running of the Swallows Nest Pre-School and Stepping Stones charity shop and cafe, both of which operate in our Church Community Hall. The independently examined end-of-year financial statements for the Church, the Hall, the Pre-School and Stepping Stones are published in the overall financial accounting process. ## **Management** The PCC nine times during the year, receiving reports, proposals and items for discussion from various sources. For most of the year day-to-day management of church and hall matters (including maintenance of both buildings) was delegated primarily to the Church Wardens, two part-time administrators, a Site Management Team, a part-time Site Handyman, and a Standing Committee. The management of the Swallows Nest Pre-School was undertaken by the PCC through a sub-committee formed for this purpose. The Trustees, along with the incumbent (our vicar), have remained responsible overall for major policy and spending decisions, as well as for the continuing spiritual and pastoral development of the church, its mission initiatives and relations with the local community. ## **Aim and Purposes** The primary aim of the PCC is to promote the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC remained responsible for co-operating with the incumbent, the Reverend Tim Voltzenlogel, in promoting throughout the parish the whole mission of the Church: pastoral, evangelistic, social and ecumenical. The PCC is specifically responsible for the maintenance of St George’s Church Community Hall, situated within the church site. ## **Objectives and Activities** The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at St George’s. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve people of all ages and different backgrounds. Our services and worship put faith into practice through scripture and prayer (including an open church and prayer room during some daylight hours), sacrament and 2 music, and other creative arts such as textile craft, drama and use of visual media, though their conventional scope was necessarily reduced by Covid restrictions. The range of our activities for the year has reflected the Charity Commission’s advice on public benefit and, in particular, its supplementary guidance on charities seeking the advancement of religion. We try to enable ordinary people to live out their Christian faith as part of our parish community by the following means: - Worship and prayer; learning about the Gospel; and developing their knowledge of and trust in Jesus; - Provision of pastoral care for the wellbeing of people living in the parish; - Mission and outreach work both locally and overseas. The main objectives in 2020 carried through from a previous PCC resolution in 2018 that all our activities fulfil at least one of five specific purposes: Worship; Fellowship; Discipleship; Ministry; and Mission. In practice most of the year was devoted to doing as much as we could in and through the church and hall for our congregation and parish community amidst varying degrees of Covid lockdown and strict health and safety requirements. This report therefore concentrates on the positives which emerged during the year, as listed below. As we faced the challenge of Covid 19, we were fortunate that our staffing level was strengthened as we welcomed the appointment in May of Jonny Bell, our full time Children’s and Family Outreach Worker, and Kath Pickering, who joined us as a Licensed Lay Worker in early July and was ordained as Curate in September. - Under our vicar Tim’s leadership we responded to the first lockdown by setting up a St George’s Taskforce whose members helped deliver food shopping, medications and monthly church newsletters to the most vulnerable, particularly the over-60’s and those with underlying health conditions. This assistance also tied into the City Council’s broader efforts to help others in the parish. - A bumper edition of the Easter church newsletter was compiled to include: - personal writings to inspire hope and trust in God in the face of the pandemic; - Ideas for things to do using online resources for isolated readers; - voluntary service initiatives meriting participation and support, e.g. Food Through Adversity’s home cooked meals service for over-65’s in Lincoln and south Lincs; - messages for youngsters to access via the Joy Foundation; - availability of free radios for the over-70’s; - a mental health helpline; - various volunteering opportunities during lockdown; - how to join in the Spring Harvest at Home initiative through Youtube; - extra website ideas for St George’s Yarn Group participants; - Easter wordsearch and colouring sheets. - The church remained open weekly for private morning prayer on a weekly basis when lockdown relaxation allowed, and our monthly Monday prayer 3 meetings adapted to Zoom gatherings when lockdown limitations constrained church gatherings. - Opportunities were given to participate in corporate prayer initiatives such as the Lincoln Diocese 24/7 prayer initiative against Covid and the 22 March ‘Light a Candle of Hope’ national day of prayer organised by Churches Together in England. - Publicity was given to Salted Orange Food Company’s not-for-profit service to over-65’s of three home-cooked meals a day from mid March, helping to combat the initial supermarket stockpiling frenzy and the Covid lockdown itself. - Attention was drawn to the Church of England’s publication ‘Supporting Good Mental Health’ with its prayers, Scriptures and practical tips for dealing with lockdown struggles. - One of our St George’s lay staff made his ‘How to Stop Worrying’ leaflet available. - Publicity was given to the Virtual Keswick Convention to be held at the end of July. - Our vicar Tim ran his personal ‘Tim’s Doodles’ online initiative, including competitions for the best rainbow pictures painted by and put up by families on their front windows. - We launched the St George’s Dial-a-Sermon service in May. - Publicity was given to the Archbishop of Canterbury’s free national phone line initiative - and to the Thy Kingdom Come global prayer movement at the end of May with its audio and hardcopy resources. - From early May, to help keep in personal touch with our church youngsters during lockdown, members of our Young Church team wrote and handdelivered a series of ‘Birds of the Bible’ hardcopy studies including artwork, quizzes and drama readings. - In July the Alpha course, suspended earlier in the year, resumed on Zoom.; - In early August an online Holiday Club was run for preschool and primary age groups, with hardcopy versions of the material also available. - At the end of September the Stepping Stones charity shop was able to resume in the church hall’s large room on a fortnightly basis on Wednesday mornings, albeit until tighter lockdown restrictions were re-imposed within three months. Lockdown restrictions had previously been respected by initially making second hand books, magazines and jigsaws available as front porch ‘takeaways’, and later by offering goods and refreshments in front garden morning sales within easy walking distance of church. - Remembrance Sunday in November was marked by the painting of small stones on the gravel outside the church hall to depict a very large poppy, with opportunities for visitors to write cherished names on small white crosses for prayer. A backdrop of artwork on the hall’s outside noticeboards was also mounted on the Remembrance theme. 4 - In October a Harvest Prayer Labyrinth was set up on the grass outside church. A neighbourhood ‘Windows of Light’ light-themed discovery trail and an online photo contest were also promoted for youngsters to link in with their ‘God's World’ half-term craft activity. - In November the Nomad Sock Appeal was publicised to support Lincoln’s Nomad shelter for the homeless, and St George’s also joined in the Harvest and Christmas appeals for the Lincoln Foodbank. - At the end of November, 24 hours of prayer marked the end of a month of prayer against Covid and set the scene for a daily online Advent devotional calendar, ’24 Days of Hope’. - In December Stepping Stones held a ‘Christmas special’ sale in the church hall. - By December we gained Fair Trade church status with the awarding of a Fairtrade Foundation certificate. - In December we joined with Bridge Church in Lincoln to support voucher provision for low income families missing out on free meals during the school holiday. - For several days in December a Nativity Scarecrow Trail in front gardens around the local neighbourhood attracted numerous visitors to learn about the nativity story. The trail ended in church at the life-sized tableau of shepherds, three kings, Mary and Joseph gathered around the baby Jesus. But as one visitor commented, it was very naughty to have included a figure of Santa Claus at one of the trail stations. - During the year our Eco Group led initiatives such as installing solar panels on the hall roof, switching our utilities to green energy providers, clearing one of our overgrown site borders and planting it with bee and insect friendly plants and seeds, and giving tips in the church newsletter on such matters as garden vegetable growing and forming wild meadow garden areas. The lockdown intensified the work of our parish lay workers, led by Tracey Steele and Helen Brooking, to whom we owe many thanks, particularly for continuing to reach out to vulnerable people not on the internet and those struggling with reduced carer services. Their work helped support many people through regular phone calls, emails, texting, shopping, garden and front doorstep chats, church newsletter deliveries, etc. From 1 June, Government policy encouraged early year’s educational settings to open to provide childcare for working parents. The PCC therefore gave this priority and it was a great credit to the staff and committee of Swallows Nest that in September the preschool welcomed 22 new children and the return of 3 from the summer term, the children to staff ratio capacity reaching the maximum permitted, with a long waiting list as places become available . The three months window in the last quarter of the year enabled the Stepping Stones shop to re-open temporarily on a fortnightly basis, but other lockdown 5 health and safety requirements (particularly the very strict cleaning regime) precluded the operation of any other community activities in the hall. Our Safeguarding Officer, Helen Brooking, continued to work with others during the year to secure the PCC’s compliance with its duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 to have regard to the House of Bishops’ guidance on safeguarding children and vulnerable adults. The PCC adopted the following during the year: - Grievance and Complaints Policy - Action Plan for Promoting a Safer Church - Domestic Abuse Policy - Policy for Video Conferencing with Under-12’s and Young People - Policy for Housegroup Video Conferencing including Vulnerable Adults - Parish E-Safety Policy - Facebook User Policy ## **Services** . Covid lockdown restrictions regrettably necessitated the suspension of our monthly afternoon Prospects and Taizé Sunday evening services from April for the remainder of the year. However, from July it was possible to resume shortened 9 a.m. in-person services in church (no singing!), while the mid-morning services were live-streamed on Facebook and available afterwards as videos on Youtube. From July, several monthly Messy Church services were offered in-person in church or as streamed services according to changing lockdown restrictions, while monthly Sunday evening Expect services were held online. Once each month the online mid-morning service comprised a Worship for Everyone service suitable for all the family, while Jonny Bell also introduced his online Thursday Thoughts for youngsters and a series of separate Zoom teaching/participation sessions for junior and secondary age youngsters, including games, lively worship songs and simple crafts. Themes covered by Jonny included ‘Heroes of Faith’ and the ‘I Am’ sayings of Jesus. For Christmas the 20 December Sunday Evening Carol service was online, and the Christmas Eve Midnight Communion service was in-person in church. On Christmas Day the 9 a.m. Christmas Communion service was also in-person in church, while the mid-morning Christmas Celebration service was online. Our online services were a new experience for many of those leading and helping. Our thanks go to Adam Keen and Lindsey Slapp for all the time and resources they devoted to setting up the services and for enabling participants to familiarise themselves with the new way of working. ## **Mission and Outreach across the world** 6 In terms of making grants or donations, the church continued to tithe 10% of gross income from plate giving and regular planned giving to a range of overseas, national and local mission projects. The church supported a range of different organisations/missions/charities across the year. The main local mission support included the Joy Foundation (resources for children). The main overseas mission beneficiaries included the Service of Hope (homeless children and marginalised families, Olinda, Brazil); St George’s Church, Baghdad (sister Anglican church, Iraq) and the Maasai Evangelistic Association (teaching and community resources for the Maasai people in Kenya). ## **‘The Crossing Point’ Annex Project** A major administrative achievement was the final resolution of the failed ‘Crossing Point’ Annex Project. The PCC recognised a ‘course correction’ was required. All donors who requested the return of their money from its fund-raising received the proportion of their donations we were able to pay after the appropriate deduction by law for expenses incurred in the project. Some donors re-directed their money to other church funds, for example the Church Re-ordering Fund, which reached £14,000. Any remaining money, raised through fundraising events or given anonymously, was retained pending determination by the Charity Commission as to how it may be used. That amounted to roughly £21,000. The ruling received from the Charity Commission allowed that money to be used “for the promotion of religious and other charitable work of the Church of England in the ecclesiastical parish of St George’s, Swallowbeck, including the repair, reordering, improvement, maintenance and/or extension of the church”. The PCC resolved to use this money in a way that fulfils the original Crossing Point vision as far as possible, and honours the intentions of those who gave or raised money for the original project. A group comprising some PCC members and others from the church would have started meeting in March to begin to plan in detail how we will use these funds, but Covid restrictions pushed the commencement of this work beyond the end of the year. ## **Achievements and Performance** At the October 2020 APCM it was reported that there were 138 parishioners on the Electoral Roll, compared with 146 in 2019. The total attendance at services in the representative month of October 2020 was: **----- Start of picture text -----**
Numbe Adults Children and young people
r of Church Fresh School Church Fresh School
service expression service expression service
s s s
Sunday 4 109 0 0 0 0 0
Weekday 0 0 0 0 0 0 0
s
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(N.B. These are figures from the Statistics for Mission Annual Returns required by the Diocese. They are based on averages of the representative Sundays in the month of October as opposed to entire 7 year averages. A ‘Fresh Expression’ classification is a form of church established primarily for the benefit of people who are not yet “members” of any church, i.e. Messy Church in the case of St George’s. Sunday services usually comprise: 9am, 10:45am, 6.30pm, Prospects 3pm and Messy Church 3pm services but these were curtailed by the pandemic and only one service was offered each Sunday during October 2020) During the year the church held one wedding, four funerals (with a further seven being held at the crematorium but led by our clergy), one baptism, and two Naming and Blessing services / Thanksgiving for the Gift of a Child services. In the **Statistics for Mission report** submitted as required to the Church of England, the approximate attendance figures for church provision online during the representative month of October averaged 91 and the total number of different individuals was considered to be 163. ## _**When considering attendance at church online, the level of genuine involvement is very difficult to ascertain .**_ ## **Thanks** St George’s could not sustain its services, activities and large site without the tremendous help of numerous unpaid volunteers from the congregation and their friends. Thanks are due for their hard work in keeping St George’s the spirited community it is. Everyone is encouraged to be actively involved in the church’s life in some way. Thanks are also due to our Readers and prayer intercessors at main church services; to all our Authorised Lay Ministry team for their varied parish work; and to the finance team. Thanks go to the PCC for their dedication, hard work and leadership; we are enormously grateful for our vicar Revd Tim Voltzenlogel and all he continued to achieve despite his fragile health until he passed away on Palm Sunday, 28[th] March 2021. We also want to convey our thanks to our churchwardens Richard Smith, Debby Jones and Del Gunter, and to Linda Hymas as church Treasurer, for their dedicated service. ## **Financial Review** Many thanks are expressed to Clive Carlton, John Flynn, Clare Moore and Colin Mayers for all their data work and banking duties behind the scenes in support of Linda Hymas as Treasurer. The main financial elements of the year were: - Total receipts from unrestricted giving (purpose unspecified by donors) were £113,519 of which £96,124 arose from Gift Aided giving and tax refunds, £1,535 from Payroll Giving, and £15,860 from unrestricted voluntary donations. - Planned giving through envelopes, banker’s orders etc. increased by approximately 7.3% over the previous year. 8 - Restricted giving amounted to £42,720 and originated from Gift Aided giving, tax refunds and specific donations; of this £42,029 was given for use by the church, the remainder was for good causes supported by the church. - £94,851 was spent from unrestricted funds to provide for the Christian ministry of St George’s Church, including a contribution of £41,011 to the diocesan parish share, which decreased by 1% over the previous year. - Gifts of £11,794 from unrestricted funds (being the 10% mission tithe) were given to external organisations and individuals as determined by the Trustees, taking account of established mission links, their objectives and needs. There are no upper or lower limits of support. All major insurable risks have remained subject to normal Churches’ and Employers’ insurance through Ecclesiastical Insurance Group. Our day to day bankers have remained HSBC, 221 High Street, Lincoln, LN1 1TS. ## Restricted Reserves Fund £20,554 is currently held in a Scheme (established on 18[th] November 2020 by the Charity Commission for England & Wales) known as the Crossing Point Appeal Project. In accordance with Clause 3 of the Scheme, funds have been set aside in Restricted Reserves to meet any claims (less expenses properly incurred by the scheme) within 6 months from the date of the scheme or to meet any claims by donors who have not been identified or cannot be found. Subject to the provision of Clause 3, trustees must apply any remaining funds “for the promotion of religious and other charitable work of the Church of England including the repair, reordering, improvement, maintenance and /or extension of the Church”. ## General Reserves Policy It is PCC policy to maintain a balance of General (Free) Reserves which equates to at least 3 months’ unrestricted payments in the church accounts. This is equivalent to £23,713 for the Church and £3,050 for the Community Hall. It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of the General Reserves in the church accounts at the year end was £75,273.91 which exceeds the target, an improvement on the previous year. Swallows Nest Pre-School currently holds £20,900 in General Reserves, which also exceeds the 3 months’ target of £13,041. _Adopted by the Parochial Church Council of St George Swallowbeck on April 19[th] 2021_ _and signed on its behalf by_ 9 Rural Dean 10 PAROCHIAL CHURCH COUNCIL OF ST GEORGE'S. SWALLOWBECK STATEMENT OF FINANCIAL ACnWTIES For ￿ Year ETrJlng 31 2020 Unrgskncled Funos Restricted Fur¥Js TOTAL 2020 TOTAL 19 INCOMING FiESOURCES v￿￿ntary Income A¢￿￿1108 lor Generating Fwd8 HMRC Interest In¢ome from Investrnents Church AcllvlU88 104,525.03 1,171.80 25,522.7S 5.430.55 130.047.78 6,￿2.35 115.040.13 18,108.82 74.94 47,525.21 118.84 49.219.93 627,48 92.784.31 2• 1.694.72 TOTAL INCOMING RESOURCES 107.435.45 78.553 45 185,988.90 186.571,78 RESOURCES EXPENDED Ghurch A¢tivltte$ Co$1 ol Gengrathrg Inc#m• Goveman¢e Costs Cr08s1ng Polnl Annex r8payThents TOTAL RESOURCES EXPENDED 95.e44.10 8,134.38 8S.365.48 8,420.79 f81,C4J9.58 16,555.15 184,560.02 17,14e.18 12.883.80 12,883.80 14590 103.778.46 86.870.07 190,448.53 181,852.08 NEY INCOMING RESOURCES SFORE TRANSFERS 3.838.99 8.118.82 4,489.83 4.yl 9.88 Ti4NSFgRS 17.077.$1 17.077.51 NET INCOMING RESOURCES BEFORE OTHER RECQGNISED GAINS ANO LOSSES 20,7Y 50 25,194 13 4.459.63 4,719.68 OTHER RECQGNISED GAJNS Galn on Invesfmenl As$e¢s 39.55 39.55 9061 NET MOVEMENT IN FUNDS 20.774.05 25,194.13 4,420.08 4,810.29 8alances blfvvd 1 January 2020 59.512.39 115.126.19 174.638.58 169,828.29 8alan¢e$ cJtsQ 31 De¢ernb•r 2020 85.286.44 89.932.C6 170.218.SC 174,638.£8 The no189 on pages 3 Ir> 9 forrn part of those accoLn Page 1 PAROC￿lAL CHURCH COUNCIL OF ST GEORGE'S, SWALLOWBECK BALANCE SHEET AS AT 31 DEC£M8ER 2ff20 ur￿￿( FuTh18 R85trict*J F￿￿8 Toial 2020 Total 2019 Nol88 FIXED ASSETS rangiblè 570.30 18.372.93 18.372.93 18.943.23 18,943.23 17.477.00 17.477.00 570.30 CURRENT ASSETS In¥e51m•nl8 Debtors and Prepayments Short T8rm Oeposlls Ca$h ai Bank In hand 814.62 .447.13 e.Jio.T2 66.260.18 81.632.65 814,62 9.022.13 .310.72 ' 37.244 31 153,191.78 575.OT 12,21006 24,e31.19 124.4J7.61 161.873.93 575.00 70.984.13 71.559.13 LIA8ILITISS Credltor$- falllng duo ￿thin on8 year 10 1.916.S1 1,916.51 4,712.3S NET CURRENT ASSETSILIAgILfiES 79,716.14 71,559.13 151,275.27 157.161.58 TOTAL ASSETS LESS CUFIREwf LIA8ILfiES .280.44 89.932.08 170.218.50 174,838.58 Ci'edltors- arnowls falllng due after y TOTAL NET ASSÉTS 80.28e 44 89.932.06 170.218.50 174.838.58 80.286,44 59,512.39 13G 89,932.08 11S.128.19 170.218.50 174.638.S8 Approv&1 by trTe Parothial Church Coundl on 8th Nov&nbor 2021 and on Ifs bthalf ty. Reverend Or Jon8s, and Mr5 Kawn Crosby IPCC SeCre￿ryI. rh$ notes on pages 3 to g form part of ihese aCWLmts Page 2 NOTES ACCOUNTING POLICIES Basi5 of Hnancial Slalements Tra PCC is a benefit enuty wflhin Ille meaning of FRS102 The Thnanoal slafwn8nls have preparad undei Ihe Charllies Aci 2011 4n¢ In accoidance the Church A¢￿11￿ ReguL8don$ 2￿ w¥8m￿s Ihfy wMyi¥hJ￿a. accoJftLs or PCC'S and ￿1￿ the RegU1th(￿ and Fwi" p￿￿$lOns. and apF4kaLye act￿n11ng 5taTrJatds Staiemani or RecommandÉd pract￿ RemThJ by CThanties ISORP FRS1021 (Effecfve 1 January 20191. ASSETS C￿80￿1¢￿ and benifre wop8rty. In so IBr 45 Gons8crat8d bertlko propth d any 1$ excl￿d￿d ihe 5taluiory dafln1￿M of'thaw by ¥¢t￿nI12) l&) and (GI ol Ihe Cha￿￿e5 Act 201 I assets arv nol Ga￿Ul188d in th• IlnanGwl 51818mants. Mov8abla d)urGh lumr4hl These org GapiJL5eLI al cost and ttepreGi8led over Usef￿ lrfe ¢fv hsffjclenl cost knfomiaUon Is availgble. In ¢hls casa the Item 1$ rot c9￿18*y, arn It8m8 are I￿l￿d in ibe thjrch's 1nif￿10ry in any ca*. TawiNa Atssels lor ug8 by C￿.arfty. Th060 are ¢apIt￿lSe4 Il Ihoy can b8 used lor mom Iban rfft yw. #i *t £ 1.OQ). Thoy we valued •1 cost or dse,. forgiftB-h.klnd, al 8 ra8sonabb O¥tsrn•te ol their rnark•l vakn ￿￿p1. 08pr8clpUon cskulaled lo off GaAal8éd Goyi offM•J 88Sat8 ¥•lue Qvor O$llmal•d useful1fv88 as folb*8 ). Land b. Flxlures 8Dd Rllkngs c. Computers d. Muslcal Inslrurnenls e. Furniture f. s￿ar Pan*s 20 Y•w¥ 3Yw8 4 yew¥ 10 yfj¥¥ 10y••rn No depr￿atIon Is providbd on 8$ th• currenity 88llrnBled resthal valu• d rKoWt￿$ 18 mt than Imr carrong valué ol rh¢ romaining useful lrfe d thgs• ass8ts ¢urrorty exceett8 50 yearn ao thatany dawwjalkn charge¥ V4DJhY be Immaiert41. An Imp8lrmenl r8￿8￿ Is canled out al y¢ar.oTrJ and anyrtsuI￿1 bJ8nUW is in 8wJture ts Iha year. Inv881rn8nis Inveslmanls quotèd on A retognis•J *ock exchange ￿ %thos& vsluo d8ri¥8s from Ibem ¥8 ¥ahJed ai Ma￿•t ¥￿u0 al the yèar ond. Olhor investmen13 we in¢hJded ai Pcc's be81851imab d martat va￿. Short Tem Dèrthlts The88 ar8 th8 c￿h held tyi ¢¢po￿l eilh8f*Tlh CCLA crfai Ihg bank. FUNDS unr8$￿clÈrf Funts Thes8 wr8senl the rgfflalnlng rKomé funds of lh8 PCC th81 ar¢ av¥d&t4a for Spend￿ OD the genaral ￿T008•S of the PCC. including amounts designated by ￿ pcc for fvxed a55eis for ils ￿ tL8e orlar 5r*TrYlno ￿ a fvturo pm1￿1 and Ich arè Ihèrefrts nDI ir￿U￿e￿ In lts'froÈ raservgs. a$ d￿Closed In Lhe iru$lees rep(Yt. R8siricted Funds Those aro incame funds thal rnusl be spent res￿￿1 and ofthe fvnds W aThJ r&Str￿onS kYoYKlgY are sh Jw,00 385.75 385.75 728 78 90.658 38 .31937 f5.308.21 FIXED ASSETS There was one wrchase dU￿rrfJ the yèar. This ¥wll be depreclaled over Ihe next 1Q years. LknreslrtGie Church Restrkied TOTAL Tanuibl& Book Value Lesg D*pr*￿81Fon Re-¢laofi¢aik)n from 2019 al l JanLt8ry 2020 2,557.&fj 14.919.45 2.278.27 i.riJ4.75 13.847 93 11,477.C 3,258.T7 1.iIY.75 570 30 14 218.23 Pur¢hasas 2020 Salar Pw81s 4.125.( 4.725. N¢1 Book Value al 31 Decemtsw 2020 57?.30 18.372.93 15.943 23 18.943.23 Page 6 CURRENT ASSETS R8st￿ed Funds To 2020 Total 2019 Funtts 8 Inv4stmentS arkai value 811 January 2020 Revylua1￿n gain Market value al 31 Decembw 2020 $7S 07 575 07 484 40 39.55 61462 3955 61462 90.61 575.01 b D•btors Tax Recoverable Oitrer Detstors Prepayntents and accr￿￿ Interest 4.752.33 1.092 2.602.45 8447 13 575 5,327.33 1.092 35 2.802.45 8,105.24 3.gW2.89 2,1,2 13 12,210.08 575£ Short Twm tropo￿ts 6 Church Swal￿¥￿•51 .310.72 6.310.Y2 6,284 04 18,34T 15 24.831 19 8.310 12 6,310.72 d Ca$h In Bonk Ind In Mand Churryh HaN Sw811tswsnfjsl Cr¢Jging Pdni PrqeGI IAnnoxo1 83.107.43 3.152.75 ),083.73 44.574.00 ,207.17 7,070.61 8e,505.8S 124 457.81 3.152.75 20,9W 40 20.W.40 862eo 18 70.984.13 137.244.21 Or￿ER DÉ8TORS Unreslr*ted Fwds Total Total 2019 Fun0$ 8 Tix R$¢ov•rJbl•