| Contents | Page |
| 1. Annual Report | 2-6 |
| 2. Statement of Financial Activities | 7-8 |
| 3. Balance Sheet | 9 |
| 4. Statement of Cash Flows | 10 |
| 5. Notes to the Financial Statements | 11-21 |
| 6. Report of the Independent Examiner | 22 |
| The following served oil tlie | PCC during 2020: |
|---|---|
| Elected Members | Ex-Officio Mcinbers |
| Tim Hovve | Mike Moir (CW) |
| Mike dark | Tim Carlisle (CW) |
| Margaret dark | Peter Preston (D S Rep) |
| Lyiine Denyer | Marigold Sliort (DS Rep) |
| Nelly Lukvvo | Victoria Moir (DS Rep) |
| Abi Patterson | S lie Jolinston (LLM) |
| Sarah Preston | Jake Eggertsen (Curate) |
| Simon Mon-ell (Treasurer) |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| Funds | Funds | 2020 | 2019 | |
| Note | £ | £ | £ | £ |
| INCOMING RESOURCES | ||||
| Voluntary income 2(a) | 116,011 | 25,891 | 141,902 | 794,173 |
| Income from investments 2(b) | 4,259 | 4,259 | 4,777 | |
| Church activities 2(c) | 2,906 | 4,008 | 6,914 | 10,228 |
| Grant Income 2(d) | 3,648 | 3,648 | 1,824 | |
| TOTAL INCOMING RESOURCES | 118,917 | 37,806 | 156,723 | 811,002 |
| RESOURCES EXPENDED | ||||
| Missionary and charitable giving 3(a) | 10,386 | 2,614 | 13,000 | 11,840 |
| Church Running Expenses 3(b) | 28,269 | 1,590 | 29,859 | 48,891 |
| Other Church Activities 3(c) | 3,758 | 3,758 | 5,664 | |
| Diocesan parish share 3(d) | 38,943 | 38,943 | 35,402 | |
| Salary Costs 3(e) | 46,436 | 12,403 | 58,839 | 42,401 |
| Space Project 3(f) | 12,491 | |||
| Governance 3(g) | 1,020 | 1,020 | 1,020 | |
| TOTAL RESOURCES EXPENDED | 125,054 | 20,365 | 145,419 | 157,709 |
| NET INCOME BEFORE TRANSFER | (6,137) | 17,441 | 11,304 | 653,293 |
| GROSS TRANSFERS BETWEEN 5 | ||||
| FUNDS | ||||
| NET MOVEMENT OF FUNDS • | (6,137) | 17,441 | 11,304 | 653,293 |
| Balances b/forward 1 January 2020 | 187,248 | 1,140,068 1,327,316 | 674,023 | |
| Balances c/forward 31 December 2020 | 181,111 | 1,157,509 1,338,620 | 1,327,316 |
| Unrestricted | Restricted | Total | |
|---|---|---|---|
| Funds | Funds | 2019 | |
| Note | £ | £ | £ |
| INCOMING RESOURCES | |||
| Voluntary income 2{a) Income from investments 2(b) |
196,621 2 |
597,552 4,775 |
794,173 4,777 |
| Church activities 2(c) | 5,163 | 5,065 | 10,228 |
| Grant Income 2(d) | 1,824 | 1,824 | |
| TOTAL INCOMING RESOURCES | 201,786 | 609,216 | 811,002 |
| RESOURCES EXPENDED | |||
| Missionary and charitable giving 3(a) | 10,100 | 1,740 | 11,840 |
| Church Running Expenses 3(b) | 48,891 | 48,891 | |
| Other Church Activities 3(c) | 5,664 | 5,664 | |
| Diocesan parish share 3(d) | 35,402 | 35,402 | |
| Salary Costs 3(e) | 36,183 | 6,218 | 42,401 |
| Space Project 3(f) | 12,491 | 12,491 | |
| Governance 3(g) TOTAL RESOURCES EXPENDED |
1,020 131,596 |
26,113 | 1,020 157,709 |
| NET INCOME BEFORE TRANSFER | 70,190 | 583,103 | 653,293 |
| GROSS TRANSFERS BETWEEN FUNDS | 3,950 | 3,950 | |
| NET MOVEMENT OF FUNDS | 66,240 | 587,053 | 653,293 |
| Balances b/forward 1 January 2019 | 121,008 | 553,015 | 674,023 |
| Balances c/forward 31 December 2019 | 187,248 | 1,140,068 1,327,316 |
| Note | 2020 | 2019 | |||
|---|---|---|---|---|---|
| £ | £ | ||||
| FIXED ASSETS | |||||
| Tangible 10 Hardwick Park | |||||
| (50% of cost) | 122,500 | 122,500 | |||
| Equipment | 5,449 | 5,449 | |||
| Less Depreciation | 3,511 | 1,938 | 2,543 | 2,906 | |
| Total fixed assets | 6 | 124,438 | 125,406 | ||
| CURRENT ASSETS | |||||
| Debtors and Prepayments | 8 | 31,914 | 15,715 | ||
| Short term deposits | |||||
| CCLA Investment | 1,016,923 | 832,663 | |||
| Cash at bank and in hand | 171,444 | 362,811 | |||
| 1,220,281 | 1,211,189 | ||||
| LESS CURRENT LIABILITIES | |||||
| Creditors | 9 | 6,099 | 9,279 | ||
| Total net current assets | 1,214,182 | 1,201,910 | |||
| Total fixed and net current assets | 7 | 1,338,620 | 1,327,316 | ||
| Funds | |||||
| Restricted funds | 10 | 1,157,509 | 1,140,068 | ||
| Unrestricted designated funds | 11 | 118,994 | 119,962 | ||
| Unrestricted | 62,117 | 67,286 | |||
| TOTAL FUNDS | == | 1,338,620 | 1,327,316 |
| Note | 2020 | 2019 | |
|---|---|---|---|
| Cash flows from operating activities | £ | £ | |
| Net cash provided by operating activities | 12 | 11,366 | 644,231 |
| Cash flows from investing activities | |||
| Interest from investments Purchase of fixed assets |
4,259 | 4,777 | |
| Net cash provided by/(used in) investing activities | 4,259 | 4,777 | |
| Cash flows from financing activities | |||
| Change in cash and cash equivalents in the | |||
| reporting period | 7,107 | 649,008 | |
| Cash and cash equivalents at the beginning of | |||
| the reporting period | 13 | 1,195,474 | 546,466 |
| Cash and cash equivalents at the end of the | |||
| reporting period | 13 | 1,188,367 | 1,195,474 |
| 2. Incoming Resources | |||||
|---|---|---|---|---|---|
| Total | Total | ||||
| Unrestricted | Restricted | Funds | Funds | ||
| Note | Funds | Funds | 2020 | 2019 | |
| £ | £ | £ | £ | ||
| Voluntary income | 2(a) | ||||
| Donations | 97,211 | 25,891 | 123,102 | 230,998 | |
| Income Tax Recoverable | 18,800 | 18,800 | 24,069 | ||
| Legacies | 539,106 | ||||
| 116,011 | 25,891 | 141,902 | 794,173 | ||
| Income from Investments 2(b) | |||||
| CBF C of E Investment Fund | 4,259 | 4,259 | 4,777 | ||
| 4,259 | 4,259 | 4,777 | |||
| Income from church activities 2(c) | |||||
| Fees for weddings & funerals | 1,497 | 4,008 | 5,505 | 3,402 | |
| Hall lettings | 1,409 | 1,409 | 3,851 | ||
| Ministry Events | 2,975 | ||||
| Miscellaneous | |||||
| 2,906 | 4,008 | 6,914 | 10,228 | ||
| Grant Income 2(d) | |||||
| BCUK Funding | 3,648 | 3,648 | 1,824 | ||
| 3,648 | 3,648 | 1,824 | |||
| TOTAL INCOMING RESOURCES | 118,917 | 37,806 | 156,723 | 811,002 |
| 2. Incoming Resources (continued) | ||||
|---|---|---|---|---|
| Total | ||||
| Unrestricted | Restricted | Funds | ||
| Note | Funds | Funds | 2019 | |
| £ | £ | £ | ||
| Voluntary income 2(a) | ||||
| Donations Income Tax Recoverable Legacies |
96,897 20,618 79,106 |
134,101 3,451 460,000 |
230,998 24,069 539,106 |
|
| 196,621 | 597,552 | 794,173 | ||
| Activities for generating funds | 2(b) | |||
| Space Project | ||||
| Income from Investments 2(c) | ||||
| CBF C of E Investment Fund Lloyds Bank Deposit Bond |
2 | 4,775 | 4,777 | |
| 2 | 4,775 | 4,777 | ||
| Income from church activities | 2(d) | |||
| Fees for weddings & funerals Halllettings Ministry Events Miscellaneous |
1,312 3,851 |
2,090 2,97S |
3,402 3,851 2,975 |
|
| 5,163 | 5,065 | 10,228 | ||
| Grant Income 2(d) | ||||
| BCUK Funding | 1,824 | 1,824 | ||
| 1,824 | 1,824 | |||
| 201,786 | 609,216 | 811,002 |
| 3. Resources Expended | Total | Total | |||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Funds | Funds | ||
| Note | Funds | Funds | 2020 | 2019 | |
| £ | £ | £ | £ | ||
| Missionary and charitable giving 3(a) | |||||
| Overseas Mission | 7,986 | 7,986 | 7,700 | ||
| UK Mission | 2,400 | 2,400 | 2,400 | ||
| Special Collections | 2,614 | 2,614 | 1,740 | ||
| 10,386 | 2,614 | 13,000 | 11,840 | ||
| Church running expenses 3(b) | |||||
| Children's and families work | 1,888 | 1,888 | 2,006 | ||
| Buildings maintenance and running costs | 11,941 | 500 | 12,441 | 28,491 | |
| Sunshine Centre Rent | 50 | ||||
| Hardwick Park | 3,142 | 3,142 | 6,191 | ||
| Office Costs | 3,107 | 3,107 | 2,009 | ||
| Evangelism & Socials | 1,537 | 1,537 | 2,526 | ||
| Clergy Expenses | 2,937 | 2,937 | 2,969 | ||
| Depreciation | 968 | 968 | 968 | ||
| Other -- | 2,749 | 1,090 | 3,839 | 3,681 | |
| 28,269 | 1,590 | 29,859 | 48,891 | ||
| Other Church activities 3{c) | 3,758 | 3,758 | 5,664 | ||
| Ministry : Diocesan parish share 3{d) | 38,943 | 38,943 | 35,402 | ||
| Salary Costs | 3(e) | 46,436 | 12,403 | 58,839 | 42,401 |
| Space Project 3(f) | 12,491 | ||||
| Governance | |||||
| Independent Examination Fee 3(g) | 1,020 | 1,020 | 1,020 | ||
| TOTAL RESOURCES EXPENDED | 125,054 | 20,365 | 145,419 | 157,709 |
| 3. Resources Expended (continued) | Total | ||
| Unrestricted | Restricted | Funds | |
| Note | Funds | Funds | 2019 |
| £ | £ | £ | |
| Missionary and charitable giving 3(a) | |||
| Overseas Mission UK Mission |
7,700 2,400 |
7,700 2,400 |
|
| Special Collections | 1,740 | 1,740 | |
| 10,100 | 1,740 | 11,840 | |
| Church running expenses 3(b) | |||
| Children's and families work Administrator |
2,006 | 2,006 | |
| Buildings maintenance and running costs | 28,491 | 28,491 | |
| Sunshine Centre Rent | 50 | 50 | |
| Hardwick Park | 6,191 | 6,191 | |
| Office Costs | 2,009 | 2,009 | |
| Evangelism & Socials Clergy Expenses |
2,526 2,969 |
2,526 2,969 |
|
| Depreciation | 968 | 968 | |
| Other | 3,681 | 3,681 | |
| 48,891 | 48,891 | ||
| Other Church activities 3(c) | 5,664 | 5,664 | |
| Ministry : Diocesan parish share 3(d) | 35,402 | 35,402 | |
| Salary Costs 3(e) | 36,183 | 6,218 | 42,401 |
| Space Project 3{f) | 12,491 | 12,491 | |
| Governance | |||
| Independent Examination Fee 3(g) | 1,020 | 1,020 | |
| TOTAL RESOURCES EXPENDED | 131,596 | 26,113 | 157,709 |
| 4.5taff Costs | 2020 | 2019 |
|---|---|---|
| £ | £ | |
| a) Wages and salaries | 55,866 | 39,298 |
| b) National Insurance | ||
| c) Pension contributions | 2,973 | 2,297 |
| 58,839 | 41,595 |
| Salary Pension Salary Pension |
|---|
| Sue Castle (Administrator) 5,916 - 5,844 |
| Jeannette Lav/(Children and Families Worker) 29,605 2,366 29,319 2,297 |
| Steve Short 4,162 |
| Total 39,683 2,366 35,163 2,297 |
| 5. Analysis | of transfers between | 2020 | 2019 | ||
| funds. | Unrestricted Restricted | Unrestricted Restricted | |||
| Funds Funds | Funds Funds | ||||
| £ £ | £ £ | ||||
| Shine | (1,150) | 1,150 | |||
| Youth | (300) | 300 | |||
| Training | (500) | 500 | |||
| Mission Funds (specific) | (2,000) | 2,000 | |||
| Hard Times | Fund | ||||
| (3,950) | 3,950 | ||||
| 6. Fixed Assets | Church Freehold Land | Total | |||
| Equipment & Buildings | |||||
| Actual/deemed cost | |||||
| At 1 January 2020 | 5,449 | 122,500 | 127,949 | ||
| Additions at cost | |||||
| At 31 December 2020 | 5,449 | 122,500 | 127,949 | ||
| Depreciation | |||||
| At 1 January 2020 | 2,543 | 2,543 | |||
| Charge for the year | 968 | 968 | |||
| At 31 December 2020 | 3,511 | 3,511 | |||
| Net Book Value at 31/12/2020 | 1,938 | 122,500 | 124,438 | ||
| Net Book Value at 31/12/2019 | 2,906 | 122,500 | 125,406 |
| 7. Analysis of Net assets by fund | |||
|---|---|---|---|
| Unrestricted Unrestricted Restricted Total Total | |||
| Funds Designated Funds Funds Funds | |||
| £ £ £ 2020 2019 | |||
| Fixed Assets | 1,938 122,500 | 124,438 125,406 | |
| Current assets | 68,216 | 117,056 1,035,009 | 1,220,281 1,211,189 |
| Current Liabilities | (6,099) | (6,099) (9,279) | |
| 62,117 | 118,994 1,157,509 1,338,620 1,327,316 | ||
| 8. Debtors | 2020 | 2019 | |
| £ | £ | ||
| Income tax recoverable Prepayments and accrued income |
29,485 2,429 |
11,250 4,465 |
|
| 31,914 | 15,715 | ||
| 9. Creditors: amounts falling due within one year. | 2020 | 2019 | |
| £ | £ | ||
| Accruals for utilities Payroll accruals Other accruals |
2,476 3,623 |
1,096 2,244 5,939 |
|
| 6,099 | 9,279 |
| Balb/fwd | Transfers | Income | Expenditure | Balc/fwd | |
|---|---|---|---|---|---|
| 1/1/2020 | 2020 | 2020 | 2020 | 31/12/2020 | |
| £ | £ | £ | |||
| Curate's property investment | 122,500 | 122,500 | |||
| Children and Families Worker | 5,269 | 5,269 | |||
| Youth Summer Camps | 907 | 907 | |||
| Weekend at Home/Women's Day | 220 | 220 | |||
| Rev E Coombs Memorial Fund | 114 | 114 | |||
| Church Fees Account | 658 | 3,100 | 3,758 | ||
| Training Fund | 500 | 500 | |||
| Shine | 1,933 | 1,933 | |||
| Hard Times Emergency Fund | 874 | 2,250 | 1,090 | 2,034 | |
| Mission Funds (specific) | 2,500 | 2,480 | 20 | ||
| Space Project Fund | 1,009,862 | 16,840 | 1,026,702 | ||
| Covid Expenses Fund | 500 | 500 | |||
| Curate's Stipend Fund | 4,355 | 1,662 | 2,693 | ||
| 1,140,068 | 32,314 | 14,873 | 1,157,509 | ||
| Bal b/fwd | Transfers | Income | Expenditure | Bal c/fwd | |
| 1/1/2019 | 2019 | 2019 | 31/12/2019 | ||
| £ | £ | £ | |||
| Curate's property investment | 122,500 | 122,500 | |||
| Children and Families Worker | 6,218 | 6,218 | |||
| Youth Summer Camps | 607 | 300 | 907 | ||
| Weekend at Home/Women's Day | 5 | 2,975 | 2,760 | 220 | |
| Rev E Coombs Memorial Fund | 679 | 565 | 114 | ||
| Church Fees Account | 2,090 | 1,432 | 658 | ||
| Training Fund | 100 | 500 | 100 | 500 | |
| Shine | 283 | 1,150 | 500 | 1,933 | |
| Hard Times Emergency Fund | 1,080 | 600 | 806 | 874 | |
| Mission Funds (specific) | 1,000 | 2,000 | 1,240 | 1,740 | 2,500 |
| Space Project Fund | 426,761 | 595,593 | 12,492 | 1,009,862 | |
| 553,015 | 3,950 | 609,216 | 26,113 | 1,140,068 |
| Bal b/fwd 1/1/2020 Transfers Income Expenditure Bal c/fwd 2020 2020 31/12/2020 |
|
|---|---|
| Fixed Assets Capital Projects Pastoral Worker Space Project |
2,906 50,000 9,000 58,056 968 1,938 50,000 9,000 58,056 119,962 968 118,994 |
| Bal b/fwd Transfers Income Expenditure Bal c/fwd | |
| 1/1/2019 2019 2019 31/12/2019 | |
| Fixed Assets Capital Projects Pastoral Worker Space Project |
3,874 - - 968 2,906 41,391 8,609 - - 50,000 9,000 - - 9,000 30,000 28,056 - - 58,056 |
| 75,265 45,665- 968 119,962 |
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| Net income for the reporting period as per the | ||
| statement of financial activities | 11,304 | 653,293 |
| Adjustments for: | ||
| Depreciation charges | 968 | 968 |
| Interest on Investments | 4,259 | 4,777 |
| (Increase) in debtors | 16,199 | 4,469 |
| (Decrease)/increase in creditors | 3,180 | 784 |
| Net Cash provided by operating activities | (11,366) | 644,231 |
| 13. Analysis of cash and cash equivalents | ||
| 2020 | 2019 | |
| £ | £ | |
| Cash in hand | 171,444 | 362,811 |
| Notice deposits (less than 3 months) | 1,016,923 | 832,663 |
| Total Cash and cash equivalents | 1,188,367 | 1,195,474 |