## ||| |---|---| |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|