OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

THE ANNUAL REPORT

AND FINANCIAL STATEMENTS

OF THE ECCLESIASTICAL PARISH OF

ST MARY THE VIRGIN, LEIGH (MANCHESTER DIOCESE) FOR THE[YEAR] 2020

The Diocese of Manchester, Leigh Deanery, ‘The Parish Churchof St Mary the Virgin, Leigh St Mary’s Way, Leigh WN7 1EB

Vicar

Revd Kevin Crinks CFC

Assistant Priest

Revd Harry Greenhalgh (Until 30 September 2020)

Registered Charity Number:[1150800]

Page1

PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN, LEIGH

INDEX

Page[2]

PAROCHIAL CHURCH COUNCIL OF ST MARY[THE] VIRGIN, LE! ADMINISTRATIVE DETAILS

PCC Members ~ Members[who] have served[during] the year and until the date of approvalof this report are:

Chairman(Incumbent) The Revd Kevin Crinks*
Assistant Priest: The Rev Harry Greenhalgh * (To 30September 2020)
‘Churchwardens: Trevor Bailey
Stuart Bailey
Keir Stitt (to APCM 2020)
Deanery Synod Reps: Valerie Connell* Secretary
David Crompton* (to APCM 2020)
Audrey Harvey* (to APCM 2020)
Elizabeth Marshall* (to APCM 2020)
Elected Members: Beverley Beenham
David Crompton (from APCM 2020) -
Colin Harvey
Elizabeth Marshall (from APCM 2020)
Gail Slater
Ex-Officio
Bankers: Royal Bankof Scotland
4". Floor
1 Hardman Boulevard
Manchester
M3 4AQ
CCLAInvestment
ManagementLtd
80 Cheapside
London
EC2V 6DZ
Insurers: EB
iastical
Independent Examine! Mrs Helen Bolton FCA.
16 Lee Fold
Tyldesley
Manchester
M29 7FQ

Page[3]

PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN, LEIGH REPORT OF THE TRUSTEES FOR THE YEAR[ENDED] 31st DECEMBER2020

‘The members ofthe Parochial Church Council (PCC),[who] are the trustees ofthecharity, present their

annual report and[financial] statements[for][the] year[ended][31][December][2020.]

Structure, governance and management

The PCCof St Mary the Virgin Leigh is an independent charity which is part of the Diocese of Manchester within the Church of England. Under rules introduced bythe Charities Act 2006, the Charity was formally registered with The Charity Commission from 13 February 2013 as charity Number 1150800. Registration[with] the Charity Commission did not alter the requirements placed

upon the Charity, because excepted charities always[have,] and continue to be, fully under the supervision of the Charity Commission.

PCC’s are governed by twopieces of Church of England legislation, called Measures. These are:

he[method][of] appointment[of][ PCC][members] (trustees)[is][set][out][in][the][Church][Representation][Rules,] Members can be ex-officioor elected by the Annual Parochial Church Meeting (APCM) usuallyfor a three-year period. All Church attendees are encouraged to register on the Electoral[Roll] and stand for election to the PCC.

Thereis a Standing Committee which has the powerto transact the business of the PCC betweenits meetings, subject to any directions given it by[the][PCC,][and][consists][of] the[Incumbent][(Chair)][and] Church Wardens.

Charitable objectives and principal activities

Members of St Mary's PCC, as trustees, have the responsibility of co-operating with the incumbent, the Reverend Kevin Crinks, in promoting in the ecclesiastical parish the whole mission of[the][Church,] pastoral, evangelistic, social and ecumenical.[The][PCC] also has maintenance responsibilities for the Church building situated in St Mary's Way, Leigh.

The trustees have referred to the information containedin the Charity Commission’s general guidance on public[benefit][when] reviewing[the][aims][and] objectives[and][in] planning[future][activities.][The][trustees] believe thatthe activities carried out benefit the public by providing opportunities to meet as a community, to serve one another and to provide service and[otherwise][assist][those][individuals][in][need]

becauseof social exclusion, poverty, disability or lack of opportunity.

Church Attendance

Atthe 2020 Annual Parish Meeting there were 133 (2019: 126) nameson theelectoral roll.

Page[4]

PAROCHIAL CHURCH COUNCIL OF ST[MARY] THE VIRGIN, LEIGH REPORTOF THE TRUSTEES FOR THE YEAR[ENDED] 31st DECEMBER2020 (CONT)

The usual annual attendance count did not take place[this] year due the extra-ordinary circumstances regarding Covid-19 and resulting restrictions on church gatherings.[It][is][difficult] to assess[the][effect][of] the pandemic on church attendance on-line and in person.

Financial Arrangements

The accounts have been prepared on the accruals basis and have been independently examined in accordance with the requirements of the Charities Act.

As described more fully in Note 6, the PCCis thebeneficial owner of the playgroundat St John's school. The PCC earns incomefrom this asset.

The Vicar and churchwardensare trustees of the Travice Charity, while the Prescott Charity is the responsibility of the Deanery Chapter. ‘These charities are independent of the PCC and as such no

transactions or balances are included within these financial statements except for any[donations][which] might[be][received][from] time to[time][by][the] PCC from the char

Review of the Year

The year was overshadowed in all respects by the worldwide coronavirus pandemic known as Covid19. There wasa national lockdown from March 2020 followed by lots of varying degrees of restrictions ar[and] as a[result][the][PCC] quickly[had][to][move] its meetings[on-line] using[Zoom.][Most] meetings[concentrated][on][the][rules][to][be][followed] to[allow][safe][church][services][as][well][as] ongoing maintenance ofthe building and surrounding grounds. There was limited interaction with the wider although[the][church][did] provide[online] weekly assemblies for the local ol[and][also][participated] in[three][collections][for][the][Food][Bank.]

Financial Review

Income from unrestricted funds was £59,074 (2019: £73,922). Income has decreased by[20%,][due] mainly tothe loss of cash on the plate at services and income from baptisms, weddings and the vestry coffee activities. Income[from] restricted funds was £1,467 (2019: £8,213), as disclosed in note[9.]

Expenditure from unrestricted funds totalled £69,630 (2019: £86.701) consisting mainly of Parish Share, utilities, insurance and church repairs. Cost savings were madein several areas asa result of the church building being closed during the Covid-19 pandemic. Onceagain, the PCC was pleasedto pay the parish share in full at £37,820 (2019: £34,000). Expenditure from restricted funds was £3,625 (2019: £5,584) as disclosedin note 9.

The overall result for the year on unrestricted funds was net expenditure of £10,556, (2019: £12.79). Losses on revaluation of investments were £2,134, giving a net decrease on unrestricted funds of

£12,690 (2019: £15,229). Restricted funds decreased by £2,158

Page[5]

PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN, LEIGH REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2020 (CONT)

‘The numberof people who gave regularly to general church funds through the bank or the envelope

scheme during the year was 54 (2019: 70) and of these 41 (2019: 54) donated throughthe gift aid scheme, The method of calculating these figures has changed this year to use monthly averages rather

than year-end figures, as this better reflects the changingprofile of regular giving. The comparative figures for 2019 have been recalculated for consistency. There has been a decline in the number of. regular[donors] that began[long] before the current pandemic. In the year total planned giving was £25,361 (2019: £27, }) and £6,745 (2019: £8,402) tax could be recovered through thegift aid scheme.

It is not possible to quantify, in financial terms, the work done by many volunteers but the PCC recognises and is grateful[for][this.]

Future developments

Our plans for the coming year are to resume worship without restrictions as Covid-19 vaccine permits and to develop a sustainable pattern of services, pastoral care and outreachto our wider community.

We plan to make substantial investment in a new sound systemtoreplace the present system, now in its fifth decade of use. The new systemwill include connectivity to the internet and video facilities to offer livestreamed services to those unable to attend in-person worship. We plan to invest in a capital project to develop[the] west[end][of] the nave to provide[better][facilities][for][the] community, including a kitchen, community cafe and after school clubs. This will entail the removal ofsome existing pews and the provision of additional storage. This will be partly financed from the desigriated funds from the sale

ofthe Institute in 2018 as well as from grants and other fund raising.

Risk funds and reserves review, policy

It is PCC policy to try to maintain a balance on general unrestricted funds (excluding designated funds) to cover both ordinaryrunning costs and those which arise unexpectedly. The PCC would always aim to hold at least[6] months"[running] costs in free reserves, and this would be approximately £40,000. At 31st December 2020, the balance stood significantly higher than this target range at 15 months running costs (2019: 13 months). The PCC will continue to review whether action should be takento reduce thelevel of general funds held.

It is the PCC policy to maximise investment returns by investing surplus funds with CCLA. At the year-end there was a balance at £39,784 (2019: £69,529) in the Church of Englanddeposit account and a[further] £295,387 (2019: £297,521) invested in CCLA[Church] of England Investments, with £113,866 in the CCLA[Church] of England Investment Fund and £ 181,521 into the CCLA Chureh of England Property[Fund.] The PCC believe this split of investments will achieve a suitable balanceof income generation[and] long-term growth whilst minimising risk.

Further details of funds as set outin note 9 ofthe Financial Statements.

Page 6

PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN, LEIGH REPORTOF THE TRUSTEES FOR THE YEAR ENDED 31st DECEMBER 2020 (CONT)

Statementof Trustees responsibilities

Charity law requires the trusteesto prepare financial statements for each financial year, which give a truc and fair view ofthe state of affairs ofthe charity and ofits financial activities for that period. In preparing those financial statements the trusteesha

The trustees are responsible for keeping proper accounting[records][which][disclose][with][reasonable] accuracy[at][ainy][time] the[financial] position[of][ the] charity and to enable[them] to ensure[that] the financial statements comply[with] the Charities Acts. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities

Approved bythe[members] ofthe PCC on 34 March 2021 and signed on their behalf by

----- Start of picture text -----
--
(PCC Chairman)
----- End of picture text -----

Page[7]

INDEPENDENTEXAMINER’S REPORT TO THE PCC OF ST MARY THE VIRGIN, LEIGH FOR THE YEAR[ENDED] 31« DECEMBER 2020

This report onthe financial statements ofthe PCC for the year ended 31* December 2020, which are set out on pages 8 to[16,] is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (“the Regulations”) and s.144[of] the Charities Act 2011 (“The Act”)

Respective responsibilities of trustees and examiner

The charity's trustees are responsible for the preparation of the financial statements. The chari trustees[consider] that an audit[is] not required for this year (undersection 144(2) ofthe Charities Act 2011 and thatan independent examination is needed.

It is my responsibility to:

Basis of this report

My examination was[carried] out[in] accordance with General Directions given by the Charity Commission and to be found in the Church guidance, 2006 edition. An examination includes a review of the accounting records kept bythe charity and a comparison of the accounts presented with those records. It also includes consideration of anyunusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertakendo not provide all the evidence that would be required in an audit, and consequentlyI do not express an audit opinion ‘on the accounts.

Independent examiner's statement

Inthe course of my examination, no matter has cometo 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:

    • proper[accounting][records] are[kept][(in][accordance] with[section][41][of][ the] Act);[and]
    • accounts are prepared which agree with the accounting records and comply with the accounting requirements of the Act; or

  4. to which, in my opinion, attention should be drawn in order to enable a proper understanding ofthe accounts tobe reached.

  5. Signed:

L{ Date: 3rd March 2021 Foe

Helen Bolton, FCA

16 Lee Fold Tyldesley, M29 7FQ

Parochial Church Council of St Mary the Virgin, Leigh

Page[8]

Statement of Financial Activities For the year ending 31 Decem| ber 2020

2020 2020 2019 2019
INCOME
Donations &legacies
Fundraising income
Investment income
Church Activity income
TOTALINCOME
EXPENDITURE
Fund Raising Costs
Investment costs,
ChurchActivity costs
TOTAL EXPENDITURE
NET INCOME /
(EXPENDITURE) BEFORE
INVESTMENTGAINS/
(LOSSES)
Unrestricted
Restricted
TOTAL—
Unrestricted
Restricted
TOTAL
Funds
Funds
2020
Funds
Funds
2019
Note
&
€
£
£
£
£
2(a)
40,330
769
41,099
49,912
4,333
54,245
2(b)
968
698
1,666
9,597
2,400
11,997
2c)
16,605
-
16,605
9,486
-
9,486
2(d)
4,171
7
4,171
4,927
1,480
6,407
59,074
1,467,
60,541
73,922
8,213
82,135
3a)
383
300
683
(2,488
1,300
‘3,788
ib)
-
-
:
-
-
-
He)
69,247
3,325
72,872
84,213
4,284
88,497
69,630
3,625
73,255
86,701
5,584
92,285
(10,556)
(2,158)
(12,714)
(12,779)
2,629
(10,150)
Gains / (Losses) on Investments:
OnRevaluation 6(b) (2,134) = (2,134) (2,450) > (2,450)
NET INCOME /
(EXPENDITURE)		 5 (12,690) (2,158) (14,848) (15,229). 2,629 (12,600)
Transfers between funds 8 - - - - - :
NET MOVEMENTIN FUNDS: (12,690) (2,188) (14,848) (15,229) 2,629 (12,600)
Balances b/fwd 1st January 395,686 11,334 407,020 410,915 8705 419,620
Balances c/fwd 31st December 382,996 9,176 392,172 395,686 ‘11,334 407,020

Thenotes on pages 10 to 16 form part of these accounts

Parochial Church Council of St Mary the Virgin, Leigh

Page[9]

Balance Sheet at 31st December 2020

----- Start of picture text -----
TOTAL TOTAL
2020 2019
Note £
FIXED ASSETS
Tangible 6(a) -
Investment
6(b) 295,387 297,521
TOTAL FIXED ASSETS:
295,387 297,521
CURRENT ASSETS
Debtors 7 5,695 6,452
Short Term Deposits 39,784 69,529
Cash at Bank and in Hand 57,406 38.915.
TOTAL CURRENT ASSETS
LIABILITIES
Creditors: Amounts Falling due in one year 8 (6,100)
NET CURRENT ASSETS
TOTAL NET ASSETS
FUNDS
Unrestricted
9 382,996 395,686
Restricted
9 9,176 11,334
392,172 407,020
----- End of picture text -----

Thenotes on pages10 to 16 form part of these accounts

Approved bythe Parochial Church Council on 3rd March 2021 and signed onits behalf by.

----- Start of picture text -----
Lo
----- End of picture text -----

Chairman

Parochial Church Council of St Mary the Virgin, Leigh

Page10

NOTES TO THE FINANCIAL STATEMENTS Forthe year ending 31 December 2020

41. ACCOUNTING POLICIES

The principal accounting policies adopted in the preparation ofthe financial statements are set out below

Basis[of] preparation

The financial statements have been prepared in accordance with the Church Accounting Regulations 2008 together[with] applicable accounting standards[and] the[SORP][2015] (FRS 102). The financial statements have[been] prepared under the historical cost convention except[for] the valuation of investment assets, Which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCCis responsible. They[do] notinclude the accounts of church groups that owetheir main affiliation to another body, nor[those] that are informal gatherings of church members.

Fund accounting

Endowment Funds are funds, the capital of which must be maintained; only income arising from investment may be used either as restricted or unrestricted funds depending upon the purpose[for][which] the endowment was established. The PCC currently holds no endowment funds, Restricted Funds represent(a) income from trusts or endowments[which] may be expended only on[those] restricted objects provided in the terms[of] the trust or bequest, and (b)[donations] or grants[received][for] 2 specific purpose or invited by the PCC for a specific purpose. The[funds] may only be expended on the specific purpose[for][which] they were given. Any balance remaining unspentat the endof the yearis carried forward as[@] balance on that fund. The PCC doesnot normally invest separately[for] each fund and,[when] necessary, interest is apportioned to individual funds. Designated Funds are[funds][which] are[not][restricted][by][the][donor][but][which][the][PCC][has][agreed][to] designate[to][be][used][in][the][future][for] a specific purpose.[They][remain][under] the[control][of][ the][PCC][as][part] of unrestricted funds and could be at time in the future at the discretion ofthe PCC. re-designated any

Unrestricted Funds are general funds which can[be] used for PCC ordinary purposes. They[include] designated funds[and][free] reserves. Free reserves are those funds available to be[used][at] the[discretion][of] the PCC which have not been designated for any particular purpose

Incoming Resources

: Planned giving, collections and donations are recognised when received. Tax[refunds] are recognised[when] the incoming resource to which[they] relate is[received.] Grants, legacies and rent are[accounted] for[when][the] PCCis legally entitled to the amounts. All other incomeis recognised[when] it is[received.] All incomeis accounted for gross.

Resources expended

Grants and donations are accounted for[when] over, or when awarded, if @ binding obligation on the paid PCC exists. Amounts received and subsequently expended specifically for mission are dealt with as restricted funds. Outstanding utility costs are estimated based on recent bills. All other expenditure is generally recognised[when] itis[incurred] and is accounted for gross.

Investments

Investments are valued at market value at 31st December

Parochial Church Council of St Mary the irgin, Leigh Page[11] NOTESTO THE FINANCIAL STATEMENTSForthe year ending 31 December 2020 (Cont.) 4, ACCOUNTING POLICIES (cont, Fixed Assets Consecrated and[benefice] property is[not] included in the accounts by[s.10][of] the[Charities][Act][2011] Moveable church furnishings held by the Vicar and Churchwardens onspecial trust for the PCC and which require a[faculty][for][disposal][are][inalienable][property,][ listed][in][the][Church][inventory.][For][anything][acquired][prior] to 2000[there] insufficient cost[information][available][and][therefore][such] assets are[not][valued][in][the][financial] is statements. Since[2000] no individual item has cost more than[£1,000] so[all] such expenditure has[been] written off when incurred Equipment, including the electric organs[and] related items, is depreciated on a straight line[basis][over] 4 years. Individual items of equipment with a purchase price of[£1,000] or less are[written][off][when] the assetis[acquired,] 2020 2020 2019 2019 2. INCOME Unrestricted Restricted TOTAL Unrestricted Restcted TOTAL Funds Funds (2020 Funds Funds «2049 £ £ € £ £ £ 2{a) Donations, grants[&] legacies Planned giving by gift aid 22,024 - 22,024 23,734 - 23,734 Income tax recovered 6.669 76 6,745 8.213 189 8,402 Planned giving not bygift aid 3,337 - 3,337 3,799 - 3,799 Collections - Cash on plate 2,221 - 2,224 6,305 - 6,305 Donations[&] appeals 5553 693. «6,246 4387 1,930 6,317 LPW grant re[VAT] costs 526 526 2974 2,214 5,188 Legacies - - - 500 - 500 =<: 40330760 44099——«49,972 333_—«B4, 24S 2(b) Fundraising[income] Vestry[Coffee] 906 : 906 5,356 - 5,356 Fundraising[&][social] events 62 698 760 4241 2.400 6,641 368_—698_—«*,[688] 9.597 2,400 11,997 2{c) Investment income Dividends 12,499 - 12,499 3,970 - 3,970 Interest 256 : 256 1,666 - 1,666 Rent - St Johns playground 3,850 -_ 3,850 3,850 - 3,850 16,605 ~__ 46,605 9,486 = 9,486 2(d)[Church] Activity[income] Insurance claims - - - - - - Childrens - - - 339 - 339 groups Statutory[fees] (Weddings/funerals) 4,474 = 4A74 4,588 1,480 __6,068 1474 4.927 1,480 6,407 4A TOTAL INCOME 60,074 1,467 60,541 «73,922 «8,273 ——6 2,135

Page[12,]

Parochial Church Council of[St] Mary[the][Vir;]

Leigh

NOTES TO THE FINANCIAL[STATEMENTS] For[the] ending[31][December][2020][(Cont.)] year

zoo 2020 2019 2019
3, EXPENDITURE Unrestricted
Funds		 Restricted
Funds		 TOTAL
2020		 Unrestricted
Funds		 Resiictod ToraL
2019
¢ t
3{a) Fund Raising Costs
Vesty Coffee costs 383 : 383 2,023 2,028
Other Fundraising Costs -___ 200 300 465 1,300 1,765
363-300 683 2,488 1,300 3,788
3(b) Investment Costs
Professional fees - -
3{c) Church Activity costs,
Diocesan Parish Share 37,820 - 37,820 34,000 34,000
Missionary and Charitable Giving 300 - 300 213 213
(ther missioncosts - - 705 705
Clergy expenses
& vicarage		 2,856 - 2,656 2,929 2,929
Staff costs (See note 4) 4,634 - 4,634 7,698 7,698
Utities 9.267 - 9,267 10,097 10,097
Other Church running costs -
Insurance 6,895 . 6,895 6,781 6,781
Church service costs 1268 209 4,477 2,548 2,988 5,536
Childrens activities 45 - 45 310 310
Routine maintenance & cleaning 4264 483 4747 7,728 1,296 9,024
Depreciation - -
Accountants fees 800 - 800 760 750
Agmin 1,049 - 4,049 2,291 2,291
Building improvements & majorrepairs __—-249_——_—2,633
69,247
3,325,		 2,882
72,572		 8,163
84,213		 4,284 163_
(88,497
TOTAL EXPENDITURE 69,630 3,625 73,255 86,701 285

4. STAFF COSTS

It is the custom of the PCC to pay[for] the services[of] organists, vergers,[sextons,][choir][members,][a][bookkeeper][and] @ church cleaner. Some of these costs are recovered via charges made[for] Weddings[&][Funerals,][and][these][are][correctly] netted[off] because the[PCC] is acting[merely] as[agent.][Costs][relating][to the][provision][of][services][ of][direct][benefit][to][the] church, including payments to the organist[for][Church] services,[are][included][under][staff][costs][in][note][3.]

Mr D. Crompton, whois a member ofthe PCC, is the principal organist and[received] £520 (2019: £520).

Other staff costs[included] payments[to][Mrs][G] Pearcy[of][£1,692][in][respect][of][bookkeeping][services][(2019:] £2,285 re bookeeping[and][£2,565][re][cleaning),][and][£2,422] (2019 £2,327 ) to Mr Trevor Bailey, who is a[church][warden,][in] respectof[cleaning] services.

No payments were large enoughto attract[social] security[costs,]

Parochial Church Council of St Mary the Virgin, Leigh

Page[13]

NOTES TO THE FINANCIAL STATEMENTS
Fortheyear ending 31 December 2020 (Cont.)
5. NET INCOMING/
(OUTGOING) RESOURCES FOR THE YEAR
TOTAL=
TOTAL
2020
2019
This is stated after charging
£
£
Independent Examiners Fees
425
400
‘Accountancy
375
350
Depreciation
-
7
‘Trustees remuneration
-
-
In addition to amounts disclosedin note 4, other PCC members were reimbursed
monies paid out on behalf of the
church, None were paid travelling or subsistence expenses.
There were no other disclosable' transactionsin respect of
PCC members, persons closely connected with them or other related parties.
6. FIXED ASSETS
Viscount
6(a)Tangible fixed assets
Organ &
Playground
speakers
Total
Cost
1 January
-
13,609
13,609
Additions
=.
-
=
Cost 31 December
_
=
13,609
13,609
Accumulated depreciation
1 January
-
13,609
13,609
Charge
forthe year
-
Accumulated depreciation 31 December
=
13,609
13,609
Net book Value 31 December 2020
Net book Value 31 December 2019
-
-
-
‘Asbeneficiary of the assets of the former Parish of St John, the PCC has
theright to receive rent for the area of land
forming part of the playgroundat St Johns School,
Kirkhall Lane, Leigh.
Such rent is shown as investment incomein
note
2,
2020
2020
Unrestricted
Restricted==
TOTAL
TOTAL
6(b)Investments
Funds
Funds
2020
2019
£
£
£
£
Market Value
1 January
297,521
-
297,521
19,971
New invetments purchased
-
-
-
280,000
Net gains/ (losses) on revaluation
(2,134)
(2,134)
(2,450)
Market Value 31 December
295,387
"295,387
297.521

Investments were[held] in 5,568 units of the CCLA Investment Funds, each having a value at year[end] of 2,044.67p per

Unit (2019: 1,912.60p) and 142,470 units[of] the[CCLA] Property Fund, each having a value at year end of 127.41p (2019: 134.07p)

Parochial Church Council of St Mary[the] Virgin, Leigh Page[14] NOTES TO THE FINANCIAL STATEMENTS For the ending 31 December2020 (Cont.) year 2020 2020 Unrestricted Restricted TOTAL =—TOTAL 7.DEBTORS Funds Funds 2020 2019 € £ £ £ Rent receivable 3,850 - 3,850 3,850 Tax recoverable 1,806 «2,602 271,833 Other income recoverable - 12 5695 6,45: 2020 2020 Unrestricted Restricted TOTAL. «TOTAL LIABILITIES Funds Funds 2020 2019 £ £ £ £ 8(a) Amounts falling[due] within one year Accruals 6100 5,397 6100 5.397 investment 9 FUND MOVEMENTS Balance Incoming ‘Resources. -—=«Gains/_— Transfers alance tstJan[20] Resources Expended —(losses)-—‘In/ (out)[34st][Doc][2020] Unrestricted funds General 88,794 59,074 (68,828) (2,134) 29,372 106,278 Designated funds Church fabric 757 - (757) - 500 500 Support[for] parish income 300,000 - - + (30,000) 270,000 Organ restoration 5,000 - - - = 5,000 Mission Action Planning 131 - - - - 134 Under 18's Mission 1,004 - - 128 1,087 182,996 Restricted funds Organ 6,168 748 (614) - - 6,402 Bells 680 - (269) - - ait Disabled ramp 2,633 - (2,633) - - : Flowers 706 459 (209) : - 956 Kitchen 1,085 180 - - - 1,265 Garden of remembrance 12 - - - - 12 Clock Motor 50 80 : 130 11,334___-1.467 (3,825) - 9,176 Total Funds 407,020 60,841 (73,255) (2,134) 392,172 General funds General funds representthe amounts available to the[PCC] to[meet][its] ongoing obligations,[based][on][the] assumption that designated and restricted funds are not available for general use. The[PCC] aimsto[hold] 6 months normal operating costs. At 31st December 2020 the balance represents[15][months’] normal costs. During[2021][the][PCC] will[consider][whether] action[should][be][taken][to][reduce][the] level[of][general] funds held S

Parochial Church Council of St Mary the Virgin, Leigh

Page[15]

NOTES TO THE FINANCIAL STATEMENTS Fortheyear ending 31 December 2020 (Cont.)

9 FUND MOVEMENTS (Cont)

Designated funds

The PCC regularly estimates levels of non-recurring expenditure that they believe will be necessary in the foreseeable future and periodically they designate money out of general funds for such purposes. Any balancesnot usedat the end of the year are carried forward to subsequent years, but could be redesignated by the[PCC] as appropriate. The PCC designated £300,000 from the sale of the Institute in 2018 to support future parish income, in recognition[that] it may[take] some[time][for] new sourcesof income to[be] developed[to] replace[the][rental] income lost. It was anticipated that this designated fund would be released over the subsequent 10 years. During 2020 the transfer was[made] as planned even though the effect of the Covid-19 pandemic was not as severe as feared.

Restricted Organ funds

Fundraising to[return] the[historic][Harrison] & Harrison pipe organ to working order and cover ongoing maintenance and tuning costsis held in this restricted fund.

Restricted Bell funds

Fundraising by the bell-ringers ensuresthe bells and ropes can be maintained

in god working order.

Restricted disabled funds ramp

A Grants was received in 2018 to pay for a disabled ramp, but faculty delays meant this was only spent in 2020,

Restricted Flower fund

Moneyis received regularly for the purpose of providing flowers in church. Any donations[not] spent by the year[end] are carried forward to be spent in subsequent periods.

Other restricted funds

Grants and donations are received from time to time towards specific areas[of][church] life. Donors and grantors agree[that] any[small] balances can[be][carried][forward][for] ongoing[related][costs][in][future] years.

2020 2020
10 ANALYSIS OF NETASSETSBYFUND —“U"™eticled——_—Resticted
£
£		 eo
£		 pe
£
Tangible Fixed Assets - - - 7
Investment Fixed Assets (295,387 - 295,387 297,527
Current Assets - Cash 30 222 252 (383
Current Assets - Bank Current Accounts 46,275 10,879 87.184 38,532
Current Assets - CCLA Deposit Funds. (39,784 - (39,784 69,529
Current Assets - Debtors 5,668 27 5,695 6.452
Current Liabilities (4.148) (1,952) (6,100) (8,397)
382,996 9176 392,172 407,020

44 CAPITAL COMMITMENTS

There were no capital commitments at the year end.

Parochial Church Council of St Mary the Virgin, Leigh

Page[16]

NOTES TO THE FINANCIAL STATEMENTS Forthe year ending 31 December 2020 (Cont.)

11 ADDITIONAL DISCLOSURE RE CHARITABLE GIVING

Eachyearthe PCC acts as agent on behalf of various charities to enable the congregation and others to giveto those charities. As the PCC is only the agent, these amountsare correctly excluded from the Statement of Financial Activities (SOFA). However the PCC wishes to acknowledgethose donations by way[of][this][additional][note] showing amounts they paid out to each organisation. If donations are received towards the endofthe year they will be paid outin the subsequent year.

rds the endofthe year theywill be paid outin the subseq uentyear.
TOTAL TOTAL
2020 2019
£ £
Bishops Ordination Fund - 354
British Heart Foundation - 579
CAFOD - 49
Cancer Care 1,957 -
Carrington Court -- 75
Christian Aid : 970
Christies Hospital - 552
Dementia UK 93 -
Dogstrusr 96 -
Farm Community Network : 268
Golborne Unit - 156
Help for Heros - 83
Homelesstoiletries - 2
LAZARS 3 30
MacMillan - 275
North WestEnglish Springer Spaniel Rescue - 64
Shevington Ward : 10
TheBrick 151. 154
TheChildrens Society - 474
UNICEF - 130
Wigan & Leigh Hospice 2,156
2,460 6.381