## Tadcaster Parochial Church Council Financial Report Final Accounts 2020. 

This report is based on the Final accounts for the period 1 January to 31 December 2020 They have been approved by PCC and independent examiner Frank Pearson. 

## FINANCIAL COMMENTARY 

## OVERVIEW 

Receipts before legacies for the year were £68.4K and payments were £74.8K giving. a deficit before legacies of £6.4K. 

No legacies have been received during the year. 

## RECEIPTS 

Receipts were behind budget by £29.9K. £68.4K versus £98.3K. Total Giving including Gift Aid was £1.1K behind budget. 

Weekly giving of cash and envelopes was £4.3K behind budget and Monthly Standing orders was £3.2K ahead of budget. 

Hidden treasures receipts were £7.9K behind budget. £5.1K versus £13K. Fund raising events and Coffee Mornings were £6.9K behind budget. 

## PAYMENTS 

Total payments for the period were under budget by £26.8K. £74.8K verses £101.6K. There were underspends in building maintenance, Clergy and reader expenses, Administrator and Administration expenses, Utilities, and Focus expenses. These being mainly due to reduced operations for most of the year. 

## PERFORMANCE FOR THE YEAR 

A challenging budget was set for the year with a forecast deficit of £3.3K before legacies. The results were understandably worse than forecast due to the Covid19 pandemic. The annual deficit was £6.4K, resulting in an adverse variance of £3.1K 

Giving from Individuals has held up well being only £1.1K below budget despite giving in Church being below budget by £4.3K 

Hidden Treasures, Fund Raising Events and Coffee Mornings account for 27% of the Annual Receipts budget and were understandably adversely impacted by the Covid 19 Pandemic. Despite the reduction in annual receipts the Freewill offering to Diocese of £38.328 was paid in full 

Graham Rowett ACMA CGMA 

6 May 2021 



ST MARY'S TADCASTER 

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 

|Receipts & Payments Account<br>Parish<br>Return<br>Number<br>Year End Report Headings<br>Receipts<br>Voluntary Receipts<br>1&2<br>Envelopes; Standing Orders<br>Planned Giving<br>3<br>Cash Collections; Baptism Collections to Retain;<br>Wedding Collections to Retain; Funeral<br>Collections to Retain<br>Other collections at services<br>4<br>Wall Safe & Sundries; Donations<br>All other recurring giving /<br>donations<br>5<br>All other non-recurring giving /<br>donations<br>6<br>Tax recovered through Gift Aid<br>All tax recovered through Gift Aid<br>7<br>Legacies<br>`<br>8<br>N/A<br>Recurring grants<br>8a<br>Grants for Church Furniture<br>Non-recurring grants<br>Activities for Generating Funds<br>9<br>Coffee & Lunches; Fundraising; Harvest Festival<br>Gross income from fundraising<br>activities<br>Receipts from investments<br>10<br>Dividends HSBC Current A/c<br>Dividends<br>N/A<br>HSBC Money Manager Account<br>Interest<br>N/A<br>HBOS Instant Reserve Account<br>Interest<br>N/A<br>HBOS Instant Access Account<br>Interest<br>Church Activities<br>11<br>Baptism & Confirmation Fees retained;<br>Wedding Fees retained; Funeral Fees retained<br>Statutory fees retained by the PCC<br>12<br>Focus Income, Youth Projects<br>Gross income from other church<br>activities<br>12<br>Income from Charity Shop Hidden Treasures<br>Gross income from Hidden<br>Treasures Charity Shop<br>13<br>Miscellaneous;; Joint Benefice Contributions<br>Other incoming resources<br>Receipts to pay over<br>Wedding Organ, Bells Choir to pay over;<br>Funeral Organ, Choir, Verger to pay over;<br>Wedding Fees to Diocese; Funeral Fees to<br>Diocese<br>Fees to pay over<br>Funeral Collections to pay over; Special Service<br>Collections to pay over<br>Collections to pay over|Unrestricted<br>Funds<br>Designated<br>Funds<br>Restricted<br>Funds<br>Total<br>Total<br>Funds<br>Funds<br>Funds<br>2020<br>2019<br>£27,414.40<br>£27,414.40<br>£27,949.98<br>£3,034.75<br>£3,034.75<br>£6,340.34<br>2135.96<br>£2,135.96<br>£1,500.20<br>£0.00<br>£0.00<br>£7,857.75<br>£7,857.75<br>£9,513.08<br>£0.00<br>£8,365.77<br>£0.00<br>£0.00<br>£0.00<br>£4,000.00|
|---|---|
||£40,442.86<br>£0.00<br>£0.00<br>£40,442.86<br>£57,669.37|
||£1,101.63<br>£1,101.63<br>£7,507.89|
||£1,101.63<br>£0.00<br>£0.00<br>£1,101.63<br>£7,507.89|
||£0.00<br>£0.00<br>£14.67<br>£14.67<br>£38.56<br>£0.00<br>£0.00<br>£0.00<br>£0.00<br>£14.67<br>£14.67<br>£38.56<br>£3,390.00<br>£3,390.00<br>£4,979.00<br>£88.16<br>£88.16<br>£1,666.09<br>£5,160.69<br>£5,160.69<br>£12,691.80<br>£7,872.59<br>£7,872.59<br>£7,796.52|
||£16,511.44<br>£0.00<br>£0.00<br>£16,511.44<br>£27,133.41|
||£6,343.00<br>£6,343.00<br>£12,393.81<br>£4,042.36<br>£4,042.36<br>£13,680.52|
||£10,385.36<br>£0.00<br>£10,385.36<br>£26,074.33|
|||
||£68,455.96<br>£0.00<br>£68,455.96<br>£118,423.56|





Unrestricted Designated Restricted Funds Funds Funds Total Total Funds Funds Funds 2020 2019 

|||Unrestricted<br>Funds<br>Designated<br>Funds<br>Restricted<br>Funds<br>Total<br>Total<br>Funds<br>Funds<br>Funds<br>2020<br>2019|
|---|---|---|
|Parish<br>Return<br>Number<br>Year End Report Headings<br>17<br>Coffee, Lunches & other catering expenses<br>18<br>Charitable Giving; Hidden treasures Charitable<br>Giving<br>19<br>Freewill Giving<br>20<br>Administrator Organist & Cleaner Fees & Wages <br>21<br>Clergy & Reader Expenses<br>22<br>Youth Work; Training & Education<br>23<br>Insurance; Candles, Wafers & Wine; Building<br>Maintenance; Organ & music expenses; Admin<br>expenses; Flowers, Rent of Sunday School<br>24<br>Gas; Electricity; Water<br>25<br>Focus Expenses; Hidden Treasures Rent<br>26<br>Governance Costs<br>99<br>Deanery Quota, Other Miscellaneous Expenses<br>27<br>Flood restoration costs<br>28<br>N/A<br>29<br>N/A<br>Wedding Organ, Bells Choir to pay over;<br>Funeral Organ, Choir, Verger to pay over;<br>Wedding Fees to Diocese; Funeral Fees to<br>Diocese<br>Funeral Collections to pay over; Special Service<br>Collections to pay over|Payments<br>Cost of Generating Funds<br>Cost of activities, events, etc.<br>Mission Giving & Donations<br>Charitable Giving<br>Church Activities<br>Freewill Giving  Paid to Diocese<br> Salaries / Honoraria<br>Clergy & Reader Expenses<br>Mission & Evangelism Costs<br>Church Running Expenses<br>Church Utility Bills<br>Costs of Trading<br>Audit Fee<br>Other Outgoing Resources<br>Major Capital Expenditure<br>Major Repairs to the church<br>building<br>Major Repairs to other church<br>property<br>Church Reordering<br>Receipts to pay over<br>Fees to pay over<br>Collections to pay over<br>Excess of Receipts over Payments<br>Statement of Assets & Liabilities<br>Bank current & deposit accounts<br>1st Jan<br>HSBC Current Account *<br>HSBC Money Manager Account<br>Nat West Hidden Treasures<br>Account<br>BOS Community Instant Reserve<br>Account<br>BOS Community Instant Access<br>Account<br>Bank current & deposit accounts<br>31st Dec<br>HSBC Current Account *<br>HSBC Money Manager Account<br>Nat West Hidden Treasures<br>Account<br>BOS Community Instant Reserve<br>Account<br>BOS Community Instant Access<br>Account<br>Net increase in bank account funds|£0.00<br>£0.00<br>£250.56|
|||£0.00<br>£0.00<br>£0.00<br>£0.00<br>£250.56|
|||£2,400.00<br>£2,400.00<br>£2,300.00|
|||£2,400.00<br>£0.00<br>£0.00<br>£2,400.00<br>£2,300.00|
|||38328<br>£38,328.00<br>£50,328.00<br>8433.3<br>£8,433.30<br>£8,426.69<br>2723.15<br>£2,723.15<br>£6,241.68<br>82<br>£82.00<br>£164.65<br>7822.02<br>£7,822.02<br>£10,102.92<br>2749.16<br>£2,749.16<br>£3,804.09<br>826.89<br>£826.89<br>£2,728.11<br>0<br>£0.00<br>£0.00<br>2035.71<br>£2,035.71<br>£3,880.97|
|||£63,000.23<br>£0.00<br>£0.00<br>£63,000.23<br>£85,677.11|
|||£0.00<br>£0.00<br>£0.00<br>£0.00<br>£0.00<br>£7,677.71|
|||£0.00<br>£0.00<br>£0.00<br>£0.00<br>£7,677.71|
|||£5,966.50<br>£5,966.50<br>£11,850.00<br>£3,468.73<br>£3,468.73<br>£13,499.97|
|||£9,435.23<br>£0.00<br>£0.00<br>£9,435.23<br>£25,349.97|
||||
|||£74,835.46<br>£0.00<br>£0.00<br>£74,835.46<br>£121,255.35|
|||-£6,379.50<br>£0.00<br>£0.00<br>-£6,379.50<br>-£2,831.79<br>Unrestricted<br>Funds<br>Designated<br>Funds<br>Restricted<br>Funds<br>Total<br>Total<br>Funds<br>Funds<br>Funds<br>2020<br>2019<br>£9,642.54<br>£9,642.54<br>£6,790.94<br>£9,931.73<br>£5,480.00<br>£15,411.73<br>£22,373.17<br>£2,816.43<br>£2,816.43<br>£1,538.38<br>-<br>£0.00<br>£0.00<br>-<br>£0.00<br>£0.00<br><br><br><br><br>|
|||£22,390.70<br>£0.00<br>£5,480.00<br>£27,870.70<br>£30,702.49|
|||£10,398.72<br>£10,398.72<br>£9,642.54<br>£3,946.40<br>£5,480.00<br>£9,426.40<br>£15,411.73<br>£1,666.08<br>£1,666.08<br>£2,816.43<br>-<br>£0.00<br>£0.00<br>-<br>£0.00<br>£0.00<br><br><br><br><br>|
|||£16,011.20<br>£0.00<br>£5,480.00<br>£21,491.20<br>£27,870.70|
|||<br>-£6,379.50<br>£0.00<br>£0.00<br>-£6,379.50<br>-£2,831.79|
||Approved by the PCC and signed on their behalf by Church Wardens Jonathan Craig and Celia Oldroyd;<br>Graham Rowett  PCC Treasurer; Frank Pearson Independent Examiner||





## **Report of the Independent Examiner** 

I report on the financial statements of the PCC for the year ended 31 December 2020. 

Respective responsibilities of the PCC and the examiner 

As members of the PCC you are responsible for the preparation of the financial statements. You consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. 

It is my responsibility to: 

- examine the accounts in accordance with the Church Accounting Regulations 2006 and section 144 of the 2011 Act; 

- follow the procedures laid down in the general Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and 

- state whether particular matters have come to my attention. 

Basis of this report 

My examination was carried out in accordance with the General Directions given by the Charity Commission, and to be found in Church Guidance, 2006 edition. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is 

given as to whether the accounts give a “true and fair view” and the report is limited to those matters 

set out in the statement below. 

Independent examiner's statement 

In connection with my examination, no matter has come to my attention: 

which gives me reasonable cause to believe that, in any material respect, the requirements: 

● to keep accounting records in accordance with section 130 of the 2011 Act; and 

● to prepare accounts which accord with the accounting records have not been met; or 

to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. 

F E Pearson FCMA FCCA 

6th May 2021