ST. FRANCIS OF ASSISI, TERRIERS ANNUAL REPORT AND ACCOUNTS OF THE PAROCHIAL CHURCH COUNCIL FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2020
| CONTENTS | |
|---|---|
| Page | |
| Annual Report of the Trustees (Parochial Church Council) | 1 to 6 |
| Independent Examiner's Report | 7 |
| Statement of Financial Activities (SOFA) | 8 |
| Balance Sheet | 9 |
| Notes to the Accounts | 10 to 17 |
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PAROCHIAL CHURCH COUNCIL OF ST FRANCIS OF ASSISI, TERRIERS
ANNUAL REPORT for 2020
AIM AND PURPOSES
The Parochial Church Council (PCC) of the parish of St Francis of Assisi, Terriers has the responsibility of co- operating with the incumbent, the Reverend Joanna Gallant, in promoting, in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical.
The PCC is also specifically responsible for the maintenance of the church building and church hall of St Francis of Assisi, Terriers, High Wycombe.
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 Francis of Assisi. The PCC maintains an overview of worship throughout the parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament.
When planning our activities for the year, the incumbent and the PCC have considered the Charity Commission's guidance on public benefit and, the specific guidance on charities for the advancement of religion. We try to enable ordinary people to live out their faith as part of our parish community through:
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Worship and prayer; learning about the Gospel; and developing their knowledge of and trust in Jesus Christ.
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Provision of pastoral care for people living in the parish.
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Missionary and outreach work.
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Support for organisations locally, nationally, and internationally whose aims reflect ours.
To facilitate this work, it is important that we maintain the fabric of the Church of St Francis and of the Church Hall.
ACHIEVEMENTS AND PERFORMANCE
WORSHIP AND PRAYER
The PCC seeks to offer a range of services during the week and over the course of the year that the church community and our many visitors find both beneficial and spiritually fulfilling. Due to the coronavirus pandemic the church building has been closed for much of the year, but we have continued to engage with individuals and families both those connected to our church and within the wider community, through the streaming of online Sunday services, Festivals, and Messy Church from the vicarage. The online services have reached some new people, who regularly gather virtually for worship, and many of those who previously had been unable to attend church are delighted to be able to access services online and reconnect with church family members.
Our worship continued to be enhanced by the musical contribution of our organist, Tessa Shaw, who recorded music each week for the online services. Church members and families recorded readings and intercessions each week, with sermons recorded by members of the worship team, and Nick Gallant collated, edited and provided the technical support on a weekly basis.
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In addition to this both established members of the congregation and those on the fringe received regular pastoral letters, service booklets and prayer resources throughout the year. During Advent and Lent a small group met weekly on Zoom for discussion, bible reading and prayer.
During periods when the church building was open, in person Holy Communion services were provided at 8am on Sundays and 10.30 am on Wednesdays, with a live streamed Sunday service from the vicarage at 10am.
The vicar and Nick Gallant continued to build relationships with Highworth Combined School, provide supervision for staff and respond to pastoral and social concerns where possible.
The All-Souls Service in November, for bereaved families and individuals, was live streamed and attracted some familiar and new faces. The Carol Service in December was held on Zoom and included readings and music from all ages within the congregation. Highworth Combined School and Wycombe Homeless Connection also contributed readings, and we were also joined by families from the community.
Families were encouraged to join the online ‘Big Christingle’ run by the Children’s Society and Church of England, where donations could also be made online. As we were unable to hold an in person nativity service, to ensure that the whole community could engage with the nativity story a large wooden nativity set was commissioned and erected outside the church which drew many visitors from all ages from across the community, and the feedback was extremely positive.
All Christmas and Easter services were live streamed with the sacrament administered outside the church for those who had joined online or said the service at home.
During Easter a large Easter Garden was erected outside the church for the community to engage with, and a memorial cross was placed by the entrance to remember loved ones with the tying of a ribbon. Messy church contributed painted stones and butterflies.
St Francis was delighted to welcome Lyn Gooch LLM and Revd Hilary Jones to the St Francis family and worship team and they bring a wealth of experience and giftings to enrich the mission and ministry of St Francis.
All are welcome to attend our regular services both in church and online.
Following the renewal of the Church Electoral Roll in 2020 a total of 58 parishioners was reported, 19 of whom were not resident within the parish. The Sunday in person attendance, as counted during October 2020, averaged 12 adults and 0 children. The average Sunday in person attendance has been calculated as 11 adults and 1 child. These numbers are lower than last year due to social distancing reducing attendance numbers and the church building being closed for the main 10am service.
In addition to our regular services, we usually enable our community to celebrate and thank God at significant landmarks on the journey through life. In marriage, vows are publicly exchanged and God's blessing is proclaimed, and funeral services provide an opportunity for friends and family to express their grief and give thanks for the life which is now complete in this world and to commend the person into God's keeping. Sadly, with the church building closed for much of this year we have been unable celebrate baptisms or marriages and have held no funerals in church. The vicar has taken funeral services at the crematorium.
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DEANERY SYNOD
Two members of the PCC currently sit on the deanery synod. This provides the PCC with an important link between the parish and the structures of the wider church, Nick Gallant was elected to the Deanery Mission and Pastoral Committee and our vicar oversees the wellbeing of deanery clergy and lay ministers.
THE CHURCH AND CHURCH HALL
Use of the church hall has been impacted significantly by the pandemic and successive lockdowns, and in the summer Terriers Play-Group closed. We very much hope that a broad range of community groups will continue to be able to benefit when the hall re-opens , and part of the new vision is to look at using the hall as a wellbeing café, offering a place for the whole community to meet socially, and access different services and support for body, mind and soul. Irene Hasan has been appointed volunteer parish administrator and hall manager and will be supported by the new hall committee.
Use of the church building has also been affected and the PCC very much hope it will continue to be used as a venue for church and community-related meetings and musical concerts. Plans to install a new boiler, toilets, kitchen area and level access are moving forward, so that the building can provide a place for the whole community to gather together, with much needed accessible facilities, for both the worshipping community and other groups who use the church, and we are thankful for the experience and support of Mick Relf in this respect.
PASTORAL CARE
We are grateful to all those who support the vicar in the pastoral ministry of the church and since the beginning of the pandemic the congregations’ commitment to caring for one another, neighbours and friends through telephone calls and doorstep deliveries of shopping has been much appreciated. A pastoral and social committee has also been established to continue a more coordinated approach and we very much hope that visiting the sick and housebound members of the congregation to provide pastoral care and administer home communion will soon resume. The vicar and lay people from the parish continue to support the Butterfly Hospice.
MISSION AND EVANGELISM
In March the PCC met to continue discerning the vision for the church and have since clarified the mission statement, that St Francis seeks to be a ‘Beacon of Hope, Community of Love and Well of Refreshment’ for all the community. The building project, community garden and wellbeing café will be expressions of this, and a significant fundraising project will be launched soon.
We continue to engage with the local community, wider Church and the world and we established the Harvest Fund to support families and individuals who were in need of emergency food supplies and essential items. The annual Lent Project for 2020 supported East Side Youth Club.
The parish website remains a valuable source of information about parish life and the "Friends of St Francis" Facebook group has grown considerably following online services and daily prayer reflections provided by Lyn Gooch LLM and Sally Brocklehurst. It is also a useful channel for publicising events at St Francis such as services and events.
In line with the vision planning for St Francis, we hope that the website and social media will be refreshed and rebranded in the coming year.
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Knit and Natter continued to meet on zoom and created knitted gifts that were sent out at Christmas and this Easter, which were much appreciated by everyone.
Walkers United took part in the Historic Churches Trust - Ride and Stride and the flower ladies continued to decorate the church beautifully, when it was open for services.
Sadly, the choir and club Francis were unable to meet, but Messy Church continued both online and through posted resources.
Plans for the community garden were also put on hold, due to the pandemic, but Lyn Gooch LLM, who heads up the project, has made a further application for funding and, as restrictions lift, is preparing to move the project forward.
The church continues to support Wycombe Homeless Connection in various ways with the vicar leading prayer meetings and a supervision group for the charities support workers.
ECUMENICAL AND INTER-FAITH RELATIONSHIPS
The church is a member of Churches Together in East Wycombe (CTEW), Churches Together in Buckinghamshire and Wycombe Sharing of Faiths. Members of the congregation at St Francis also work with Christians of other traditions in our support for Wycombe Homeless Connection and One Can Trust. Church leaders meet occasionally for fellowship and mutual encouragement.
FINANCIAL REVIEW
With the impact of the coronavirus pandemic, this has been a challenging year for us, as for all charities. Our main source of income has remained voluntary giving with £21,381 from Stewardship, £1,800 from collections and £5,081 from tax refunds on both Stewardship and collections under the Gift Aid scheme. We also received rent from the “Everything Everywhere and Hutchison 3G” telecommunications companies for installing and using their mobile phone base station installation in our bell tower. The Annual Rent was £13,500. We received dividends from two investments: £1,161 from the H F Field Trust and £2,143 from the St Andrews Trust. Our congregation generously donated £1,155 for other charities, and also £1,075 for a Harvest Community Fund to support families and individuals who are in need of emergency food supplies and essential items. We also received a generous donation of £20,000 to the Hugh Brocklehurst Memorial Fund to support the organ and music in the church. Our remaining income is usually from the rental of our church hall to local groups, and from fees from weddings and funerals Both of these were significantly reduced because of the pandemic.
Our outgoings were £72,155, to provide the Christian ministry from St Francis of Assisi within Terriers. Our ‘parish share’ contribution to the Diocesan funds, which, as well as paying the administrative costs of the Diocese, provides the stipends and housing for the clergy, was £32,081. With our reduced income we were unable to pay our full share. We also made substantial economies including the temporary suspension of the paid Hall Manager post and its replacement with a voluntary role. Included in the expenditure total was £9,730 for electrical upgrade work required by our insurers in the church and the hall offset by a VAT refund under the Listed Places of Worship Scheme, of £918. The net result for the year, excluding the charities fund, electrical expenditure, donations to the Hugh Brocklehurst and Spirituality Resource Fund and a bequest, was a deficit of expenditure over income of £355. As at 31 December 2020, we had net assets totalling £190,687, of which £117,812 were endowment investments and £32,547 restricted funds, leaving £7,845 unrestricted funds, and £30,503 designated for special church needs.
VOLUNTEERS
We would like to thank all the volunteers who work so hard to make our church a safe and welcoming community; in particular, our churchwardens, Mary Amer (who extended her term for another year), Liz Helps (who extended her term by 6 months), Lakshan Wanigasooriya elected
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last October, and assistant wardens Janet Banks and Valerie Stringer, who despite the many challenges faced this year have provided practical and steadfast support in their ministry to both the church and vicar. We are grateful to Peter Gee for continuing in the role of church treasurer, his wise counsel and faith have been invaluable during what has been a very uncertain time financially for the church.
We also value the role of the other members of the Parochial Church Council who have faithfully served with humour and vision, and we wish to acknowledge the continued commitment of our sacristan Mary Phipps and administrator Irene Hasan; musicians, preachers, readers and intercessors who have embraced new technology to continue their ministry and enhance the regular worship; and we are mindful of servers, sides people and those who usually provide hospitality each Sunday and on special occasions during the year, whose ministry has been put on hold. We are thankful for all who have continued to keep the church grounds tidy on a regular basis, and Sarah Wanigasooriya for her active commitment to ensuring the safeguarding of all who serve and engage with the church. We also thank Mary Amer, Tessa Shaw and Nick Gallant for their enthusiastic commitment to the young people, providing creative, online and postal resources during this difficult year.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The method of appointment of PCC members is set out in the Church Representation Rules. At St Francis of Assisi the membership of the PCC consists of the incumbent (our vicar), churchwardens, and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services/members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC.
The PCC members are responsible for making decisions on all matters of general concern and importance to the parish, including deciding on how the funds of the PCC are to be spent.
The PCC met 6 times during the year. Given its wide responsibilities, the PCC has a number of task groups, each one dealing with a particular aspect of parish life. These groups which include worship and mission, communications, finance, pastoral and social, hall, building and grounds, are all responsible to the PCC and report back to it with reports of their deliberations being received by the full PCC and discussed as necessary.
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ADMINISTRATIVE INFORMATION
The Church of St Francis of Assisi is situated in Amersham Road, Terriers, High Wycombe. It is part of the Diocese of Oxford within the Church of England.
The correspondence address is St Francis Church Office, Amersham Road, Terriers, High Wycombe HP13 5AB.
The PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2011) and a charity registered with the Charity Commission (registration number: 1155035).
PCC members who have served from 1[st] January 2020 until the date this report was approved are:
Incumbent:
The Revd Joanna Gallant (Chair)
Churchwardens:
Mrs Mary Amer (Lay Chair from Oct 2020) Mr Lakshan Wanigasooriya (from October 2020)
Deanery Synod Representatives:
Mrs Mary Amer (until July 2021) Mr Nick Gallant (until October 2023)
Elected members:
Mrs Sally Brocklehurst (from APCM 2020 - Secretary) Mrs Janet Banks (until APCM 2022 ) Mrs Christine Bradbury (until APCM 2022) Mrs Irena Lowe (until APCM 2022) Mrs Hazel Noakes (until APCM 2022) Mr Michael Relf (until APCM 2022) Dr Peter Gee (from APCM 2020 - Treasurer) Mrs Valerie Stringer (from APCM 2020)
Approved by the PCC on 13[th] June 2021
and signed on their behalf by Revd Joanna Gallant
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ST. FRANCIS OF ASSISI, TERIUERS FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2020 P88e 7 INDEPENDENT EXAMINER'S REPORT TO THE YAROCHIAL CHUKCH COULYCIL OF sr FRANCIS OF ASSISI CHURCH. TERIUERS I rewt on thc accounts of the d)urch ftr the )t8r 314 Dt<anber 2020, are set tTr) rAge88to 17. Respe¢¢iv¢ R¢5Pbnsibilities of Trte$ (PCQ md IwlepeDdem¢ Ex0•¢r 'lThe church's The PCC (Par(thial Chwth C(wncil). are re5Nsible fry the preparation of the accounts. The PCC c<xJsider that an auth"i is requirtij for this year undef S11( 144(2) of the ChaTitics Aa 2011 (the 2011 Act) and an indqatht examinaticm is needcd. It is my reswnsibility to=_ - examine the accounts under S1{ 145 of the Charities Ala. - follow ihc priKedures laid down in thc General Dire¢tilmS 8iven by the Charity C(nmissi(ners under seiion 145(5Xb) of the 2011 Act" and - st#t¢ whdher wticulat tnatters have Clle lo my atteniion. Basls of IDdependent Ee5 Report My examinatiorl was carried out in Cordance with ¢he General Dire&11$ given by the Charity C'ommission undtt se¢tion 145{5Xb) of the Ala to fTrJnd in the guidance frlwn th¢ Churth Blwd af Finance. That exarninatl¢Xl iDcluts a review of the acC(nting TlTd$ kwt by the Par(Khi81 Church Council and a comparis£ of the a¢¢Jnts with those re(d5. It alw inclth Lxmsidering y unusual iiems (T di]05ures in the ac(xxmts and seeking cxplanatiffls frcffl the In¢¢5 (PCQ concerning any such matters. The wiKedures undtak) do ncrf Frovide all the etridence wLwJld be Tequired in an audit and conw4uenily no (¢)iniTh) is givm as the accounts preseni a "true and fair" view. and the retKrt is limitaj to ththe manus sa in the eMl lOw. Indeptndent F.xamlnerfs Ststsmtwt In C(qMecti with my examinaii(ak no mattriai manws have cane io my att¢niion whith give me uSe to Ixlieve thai in. any mattrial re5TKd'. Ihe aCcn11ng rear(ts kept in ardance wsth lOn 130 of the Chariii&S Act, the aCn[S did n( a¢¢ord with the accounting or Ihe accnts did cixnply with the applible requiranents ¢onc¢rning the fom and c4X)tfflt of aLYoullLS set t in the Chwities (A(xx)unts and Rep5) Rcgulaiions 28 than Any requireMt that the actnts give a"trlle and fair" VI wthich is nLM O maLitr C(msidered as part of an IndeIdt ¢wninati4M. I have come across no other rnatt¢rs in Connecti with the examina11 to which attention sh{ld b¢ drawn in this r¢p)rt in order to cnable a prw un{kranding of the a¢¢(wnt5 to b¢ rea¢htsA. CAWyl ALLounlupry. TareJlion & BKfipxss £kve10M Servic Paj¢ Hous< 164 West Wycombe Road High Wy¢om Ilucks IIP12 3AE
ST. FRANCIS OF ASSISI, TF,RRIERS FINANCIAL STATEMF.NTS YEAR ENDED 31ST DECEMBER 2020 page 8 STATEMEf4T OF FINANCIAL ACTIVITIES T•tal F•Dds Tolll FuBdi (Cwull 2020 2019 Note ltseothing Resollrc¢5 Income and dowm¢nts frirtn: t)£xJAtions and legacies 36.815 3,503 62.918 32.528 Charitable Aaivities 1,419 665 2,084 11.072 (Mher tradin8 activities 8.741 8.741 22,568 Investsnent income 2.143 1.161 3.304 3208 (Xhtr Tn¢ine 13J 13.5ffl 13,500 To¢1 Iwcome (.475 24.426 90.547 82.876 Resotyrtes Exp¢Dded Expenditure = Raising ndS Charktable aclivities 132 132 212 46.991 7.143 IJ03 55.437 94.702 Other trading artivities 10.781 10.781 18.903 128 4,220 3,773 1,976 .727 1.727 2,886 Tot1 EApeDdittAre 7,143 3,158 72,297 122,452 Net Inf om¢ l (Expendlture) before jDves¢m¢Trt g4iTrs l (losses) 1.521 1,49n 21268 39576} Gains l (Lossos) (m InVrn 7.439 7,439 17.391 Transfty l#w¢£n Fund5 Net Mov¢ttDt in Fwids 1.497 21268 7.439 2&689 22.18 Totsl Funds IToughi frrnTd 9,366 32.0 13259 110.373 164.998 187.183 Toll Flld$ earri¢d f•rw*rd 7,845 30J03 34527 117J12 IIMI,687 164,998
ST. FRANCIS OF ASSISI. TERKIF.RS FINANCIAL STATEMEiYfs YEAR ENDED 31ST DECEMBF.R 2020 P88e 9 BALANCE SHEET Totsi T•tsi 2020 2019 Fixed assets Tangible assets 21 2.757 2,757 CurreTr¢ knets Investtnents 117,812 117,812 110,373 Cash at Imnk 6.732 275 30.503 34.527 71,762 47,405 tklors & Prepaid (x 22 275 30.503 34.527 117.812 189,849 161.889 Credltors: dut withtm one vtar Accruals 1,919 1,919 1.2 Net Current Awts 5,088 30.503 34.527 117,812 187.930 160,689 Tol#l Nel Assets 7.845 34.527 117812 ISYl,087 16i998 Repres¢Ni¢d by: Endowment Trunds 1&19 117.812 117.812 34,527 110.373 13,259 Restrided Funds 34,527 Unrestriad Funds 9.1(11.16 7.845 30.503 38,348 41,366 7.845 30.503 34.527 117.812 A90,687 164.998 Approved by the PaTh1y chth C(K]ncil u) and signoj on its tehalf by: 15th June 2021 Ch¥irn)an Revd Joanna Gallant PCC Member Dr Pder Gc¢
ST. FRANCIS OF ASSISI, TF.RRIERS FINANCIAL STATEMEwfs YEAR F.NDED 31ST DF.CEMBER 2020 page 10 NOTES TO THE ACCOUNIS I BASIS OF PREPARATIO1¥ Thes¢ a¢¢(4mts hav¢ taJ prwui unts the hi(Yical Clk# with it¢Jns rec(8nised at co& transaltiffl value unless (rtherwse stsied in the relevant n(Kes lo the acr(xm The accounts have been prepared in acc(thce wilh ihe Stat4¢ of ReAxnmcndl Practice.. ACcnI1n8 &nd Reporting by Chariiies preparing their a(rounts in acLxrdance with the Financial RqKrting Standard 4ppli¢able in th¢ UK and Republic of Ireland (FRS 102) issud 16 July 2014. and with the Charitie% Aa 2011. Th¢ account5 hav¢ pr¢pared ffi th¢ 4¢mls L•si& The charity constitutes a public i¢nefft a)tiry as defined by FRS 102. 2 ACCOUNTING POLICIES ltseome Income is included in the Statemeni of Financial Attivilie$18OPA) when the charity becThnes entitled to those rcsources and Wh the amixmi can b¢ with sufficieni reliability. There has no offsdiing of assets and liabilitie4 inc(qne and expenditure unless perniittsj or required by the FRS 102 SORP or FRS 102. Grants and d(matIS are Incl1 within the SOFA Wh1 ihe inLX)me reco8t]iti(M] criteria are meL Tax reclaim dallS and gift5 is includeAJ in inC(e th¢ is a valid declaration from the donor. Any gift aid recovcred on a don&1 is c(KJsideroJ to part of thot gift JTKI is tred as an addition lo that sarne fund as the initial unless swrified (rfheTwise by the d(ThY. Rts1 I)e fr(¥n letting of the Churth and Churth Hall is rwnisol it falls due. Income fr(¥n dividends is tncludoj in the accThmts th dxlared and pi InVestmt gains and lo&ses includes any realised gains (ff Ic65e5 arising the sJle of Tnvestmetit4 and any gains OT losses arising fr(Mn revaluing investsnents io market Val ai the end of the financi2] year. The charity has Incurred ¢xpahditure {) supwm ci ExpeMditure liabilities l.iabilitiCS orc r¢¢ogni5ed when th¢r¢ is a l¢gal iy ¢(mruaive d)li8ati(m c(Anmittin8 the charity to pay (x reSrceS, and the arnount can me&wrol wih r¢thabIt certllinty. supp clts have beefi all(Kated between governance and rthex SUPkXrt c£. Govttmance co cornpri5¢ all c(ksts involving public accouniability of the Charity and its ¢Thnpli8nce with regulati(fL and go(Kl practiiy. SupiMWt costs include (XLtral funL%1(s. CrJittYs and aciyuals are includeAI in the x¢(mts at sdtlemcni am(Kmts less any discoLmts. Tangibl¢ fixed assets fv usc by the charity we ¢apil#li in the IAl8nce shed if they useAI f(x Tn(Y¢ than one )faT and {t ai least £250. The 3r¢ iDc1W] at and then at i rnte of 2511A ptr annwn ovtt 4 yeaT& The chartly h&8 currtht hdd with the Churdj Bwd of Finance. The invesiineiits are held as TW)ell*l d(rnts and or¢ #aioj in the aCcMts at their fair market Yalue& Any surpluses or deficits arising on the revalu1( of assets during the year. are included wathin the SOFA as a credii io w charge again# the releTrnnt fund
ST. FRANCIS OF ASSISI, TERRIF.RS FINANCIAL STATEMENTS YEAR ENDED 31ST DECEMBER 2020 pagell IYOTLS TO THE AccouNrs 3 ANALYSIS OF INCOME 202• Douatlon$ 8nd leg¥tle$: -rax efficient & othu plannuf givin8 Collectiffis - Other ser5 Othe¥ donAtions Ciift aid on plannj giving & colltttith Charilies Fund dallonS Tax recovLYuJ th Charili¢s Fund d£1(&S Harvest Community Fund donations (ipdnts received B4ue5ts and legacies 21,381 1.8(K) 3,547 5.081 21,381 1.800 27.075 5.081 1.155 345 .075 17,448 9,10.I 1.12,14.15 3.503 20.025 1.105 5.734 2,520 13 13 15 1.155 345 1.075 1630 5.006 1,000 36,815 3.503 22.600 62.918 32.528 Charitable ¢livitles: Magazine sal TraidLraft gall income B<M)kstall In¢(Kne Catering income Vistting clergy ftrs rewvero LPOW schemc VAT ren6 LPOW %heme VAT refvnds Mis(rllaneou$ 51 51 742 135 14 665 835 1.173 2,485 5,559 135 14 918 238 918 238 1.419 665 11.072 Other tradlttg atti%i¢ies: Fees receivcd - net r¢lained Church lettings Rtipts fr(n hail 62 245 8.434 62 245 8,434 .775 691) 20,103 8,741 8.741 In¢ome from ljbvestments: H F Field Trusr divtdends" St Andrews Trust divido)ds 17,18 16,19 1.128 2,080 2.143 1143 2,143 3.304 3.208 Otber incom¢ Miscellaneous ine B&s¢ slalion rent 13,5(K) 13.5 13.5 13.51K) 13,500 T#1 I*eome 60.475 24.426 .547 82.876
ST. FTL4NCIS OF ASSISI, TF.RRtERS FtNANCIAL STATF.MENTS YEAR ENDED 31ST DECEMBER 2020 page 12 NOTES TO THE ACCOUNTS 4 ANALYSIS OF EXPENDITURE 2020 2019 Expe11¢ fjo Rais1 fulldk" B(M)kslI cos Traidcraft stall costs 59 73 132 59 73 132 71 212 F.xpendit•re on eharitble actitItS. Parisb share paid to Diocese (hhtt parish sutJs¢ription$ Ftopcrty insurance Heat. light and water Quinquennial fijnd Repairs. renewals & cleaning Licence5 and subscripii(ms M(ssy Church & Club Francis (hganisfs &xpa (kgan expa)ses Choir ¢xFnses Vi5iling clergy expenses Visiting clergy fc Upkeep of servic Catering costs Telephone & br(Mdlxnd Travel H05PÉtality F<Kmer vicardge utilities Gifts Sundry expenx5 Parish trnining and mission Cost of her eva]ts Dq)Te¢ialion 32.081 462 3.718 5.125 220 760 $45 32.081 462 4.879 5.125 220 7.903 545 26 533 38,466 1.161 3.899 6.120 2(Kl 2,509 565 218 1,699 33,355 16 7.143 533 14 12 142 121 565 2.469 591 787 330 508 105 237 394 25 621 394 25 621 70 348 131 105 1.552 46.991 70 348 131 105 1,552 55,295 460 41 25 .553 94.702 21 7.143 1.303 ExpeDditurc Iradlne etlvltles: Hall running expense5 10.781 10.781 10.781 10.781 18.903 18,903 Govern4Dtt ¢(KSts: IndePendt examinerfs fe Phot(K(yier expens 12fy) 1,680 395 945 4220 1,200 1.928 25 620 3.773 1.680 395 817 Primin& ststi(mery & IT 128 128 pport costs: Church Setary 1.976 1.976 ()ther expelldi¢ure: Church donations C'hl1eS fund donatiims Harvest Community Fund dthat1$ 100 2.786 13 Is lJ34 393 1.727 ,334 393 1,727 2.886 Total Expt•dit• 61.996 7,143 3,158 72,155 122,452
ST. FRANCIS OF ASSISI, TERRIERS FINANCIAL STATEMENTS YEAR ENDED 31ST DF.CF.MBER 21120 page 13 NOTES TO THE ACCOUNTS 5 EXAMINATION COSTS 2020 2019 Fett pay8ble to indwdent Miner 1200 1.200 6 GAINS AND IL>&SES ON INVEsfMENTS rhti vlwt U51 mxrktt vil at 111120 {thiti at 31112120 Chthreb of England In¥ttt Fund- I#eome Shares 2.024 sharts- Ficld Btyuest F"und 3.733 5har¢s- Si Andrew5 Fund 38.798 71.575 110,373 2.668 4,771 7.4)9 41,466 76.346 117.812 Nott 19 7 INCOME FROM HALL LEINGs 2020 2019 HALL KECF.Irrs AIYD PAYMEKfs AccouNr RECEIPTS Hall Idtings 8,434 16.958 8.434 16,958 Olher iwomiDg resources miscellan inCCle 3,145 3.145 To(1 Re¢eipts 211,103 PA YMF.P4TS Hall ¢osts Fire prtcauTI(mS Heat, light and water Insuran Repairs 4nd renevals Cleaning Sundry cxpenses Postage and stationery Performing righis licence 645 2,290 1,080 4,955 1.289 224 ,503 3.529 935 2.169 2,613 416 578 932 10.483 12.675 Hall dmiThistratioD Salarias and PA YE TLlephune (offic¢) 5.930 298 298 6.228 Total paymemts 10,781 18.903 Surplws l (Defirit)- transferred to Gentr*l F¥md {2J47) 1,200
ST. FRANCIS OF ASSISI, TERRIERS FINANCLIL STATEMENTS YEAR ENDED 31ST DECEMBER 2020 page 14 NOTES TO THE Accouwrs ST AFF cosrs 2020 2019 Salaries and wages Churth Sett¢tsry Hall adminithilj 1,976 5.9iO 7.906 9 COMMUNITY GARDEN PROJE FUND 2020 2,000 2019 Balanc¢ January 2020 Grants rxeiv Donati$ re¢¢ived Expenditure Balance ai 31 De&%miYr 21120 2.050 2.000 10 CHiIRCH HEATII¥G FU]¥D 2020 2019 Balancc of fund at Isi Juary 2020 Donations received Exrthditure Bal8nce of fimd at 31A De¢th]t*r 2020 1.000 I I SPIRITUALITY RESOURCLS FUND 2020 2019 Flalance of fund at Isr January 2020 [)LallOnS rettived r.xpendi(ure Balance of fund at 31 Dnbcr 2020 2.453 2,453 12 CHOIR FUND (R¢drict¢d) This fund has be ¢ablished fr(An knatithls rtteived aDd may the purpose 2020 2019 Balan¢e at l.%1 January 2020 Fe¢s received- nct retsined I'ransfer to GLX)tYal Furtd - choir ex5¢5 in )tar Balance at 31 st Decanitr 2020 454 454 142 312 454
ST. FRANCIS OF ASSISI, TERRTERS FINANCiAL STATEMENTS YEAR EL¥DED 31ST DECEMBER 2020 page 15 NOTES TO THE ACCOUlYts 13 CHARITIES FUND (Restrkted) 2020 2019 Balance at IA January 2020 Reeei Gin Aid txx 834 345 117 lkntioDs C'.hrisiian Aid- lunthc5 Lent proj¢¢t- EASt Side Y(Ktth Rid¢ & strid¢ 37 1,155 1520 ments christi Aid - lunches l.ait project- East Sid¢ Youth Wycomix Homeless C¢mneAii 1,031 249 .334 (2,786) Ilalance at 3 1st December 2020 851 685 14 H BROCKLEHURST FUND (Restricted) 2020 2019 Balance ai 1st January ?020 Receipts in )t8r Re¢¢ipls in incane fr(Kn FAX& & lendar sales Rrfeipts in YQT refund of VAT (ffgan repairs in ycar t of printing atrve calendars Trnnsftr io Gthal Fund . ¢xgan exF<nses in year Balance * 315t DcLr4niv 2020 12.120 20.025 665 39J27 835 5,559 (246) (33,i551 12.120 (128) 32.682 This is a rncmirial fund set up in the name of Hugh BrkI¢hur$t io maintain and develop the musical life of the church with sCl cfflcttn ts the rygam. In acaydance wth a resoluti Passed by the PCC in 2017 the Imlancc ofthc criginal Organ Fund has been transferred t and inc(ffp(ntoJ thI11, the Hugh BrklehUrsi Fund. Sjnds having the same aims. IS HARVE COMMUNITY FUND (Re5tTiCt¢d) 2020 2019 Receipts in year 1.075 Payments in year (393) Balance at 3 1st Decemttr 2020 The Ilarvest cMunity Fund is a TQ5tricted to wed to families and individuals are in n(d of eme¥gency f(Kd supplies and essential
ST. FRANCIS OF AS.$181, TF.RRIF.RS FILYANCIAL STATEMELYTS YEAR ENDED 31ST DECEMBER 2020 page 16 NOTES TO THF. ACCOUNTS 16 DESIGNATED FUNDS FOR SPECIAL CHURCH NEEDS Si Andrvhs J P Benist(m Jegn Smith fund E¢quea t%qUL Fque5t 202rJ Total 2019 Total Balanc¢ * 1st January 2020 Si. AndrS bund inc4)m¢ B¢qu¢sts r¢ceivcd Less: F.xpcnditure to CJcncral Fund Balance at 3 1st Delr 2020 24.IM)O 30,(MM) 2.143 29.000 2.080 1143 2.500 2.500 21.500 Note 20 (2,080 30.(MK) 25.(M)O Note 19 Nrte 20 Note 20 17 H.F. FEELD BEQUFST 2020 2019 Rec¢ipts paid into Gen11 Fund 18 FIELD BEQUEST {CApltsl: perpttual e#dowmenL Ixome: restrfcttd use) The pital lOngIng lo this fund is held by ihe Oxford Di(Kwn LI¢ATd of Financ¢, as (X(]1an trust¢e. "I'hc pItal must relaInj as a Ftrpetual d0rnent bjt th¢ annual in(xYne 15 F4id direct to the church for use in accordance with the iernis of Mrs Henri France5 Field'5 will 'f Ihe payment of insjrancc of the bjildings and towards the salary of a cardaku and th¢ ¢le4nTng of the said church. At 3 IA Dttember 2020 ihe cspithl investol the Church of F.ngland Central Board of Finance in 2.024 incthne shares havin8 a rnarket value of £41.466 &8 compare4J with a markd value of£38.798 at the end of the previ(KLS )e4r. 19 ST. ANDREW'S FUND (C•pi¢l: perpetual eBdowm¢pL ltst)me: expendble) The capital of this fund is a p•1 endowrneA]t 4TiSTng frim the sale ofsL Andrews Churth, 'I'otteridge. It is held by the Di(Kesan Trustees (Oxfcrd) as a&odian trte& At 3 lu De£emLrr 2020 ihe wital was intsrjj with the Chwth of England th1tr8] B(Ard of of Finance in 3.733 in¢ shares having a market val of £76.346 &8 c4xnfAroJ wÉth a market value of £71,575 at the end of the previ1$ )tar. The inc(Kne friyn ihese fvnds is to used furthering the religithts and (Mhtt charitable wffk of thc Church of England in the ecclasiast&d parish of Si. Francis. TeThieTS. Thi5 has Eyen Set aside i a Ceiitral Board of Finan(t dwil KCUJDI and is a designated fimd to be used ai the disLTdio of th¢ PCC. 20 OTHER BEQUEsrs J Dow*tt Bequ¢s1 The capitsl of this fjjnd is to 5pttifi(ally the improveThent of tering f#eilTties with the ¢hurth. £2.5(K) was transferr&l to the GuJ¢¥al Fund in the year to help with churth rqIr$.
ST. FRANCIS OF ASSISI, TERIUERS FINANCIAL STATEMENTS YEAR EIYDED 31ST DECEMBER 2020 page 17 NOTES TO THE ACCOUIYTS 20 OTHER BEQUESTS (CONfiNUED) P Beni5ton Beque5¢ The capital of this fvnd is to specificalty used for the improvement of caiering fAcilities wthin the church, and will exlwdaj to include improving toild facilities. £2.5 tran5tsred to the General Fund in the Y to help with churth rq)airs. Jean Smith Bequest The capital of this fund is io s]fi{allY used f( the improvernffit of catering and toilet ficiltties wthin the church. H. Jean Mayger Bequest The church receiv a bequest fr(xn Jean Mayger of £5,006 during the year. The b4uesL whi¢h was not designated for any specific purp054 has paid inlo the G¢ncrdl Fun(L 21 T ANGIBLE FIXED ASSETS ui Cost or Valuation at 1st Jan 2020 Additions At 3 1st Dec 2020 12.8i8 12.838 ¢ciati4)n at 1st Jan 2020 Charged in year At 3 1st Dec 2020 8.529 1.552 10.081 Net Book Values At31st D2020 2,757 at 1st Jan 2020 4J09 22 DEBTORS AND PREPAID COSTS 2020 2019 Polling station rent Insurance Claim Fund gift aid 320 3.791 275 275 4,111 23 RESERVE FUI¥DS POLICY The PCC had resolved to follow curreni guidelines issued by the Charity C(MnmissIers in res of s&ting aside unrestrided ndS in order to pmmde three months cover in respttt of outgoings. This surn amounts to approximately £15.01)O in (0ts1- £14.0(M) in respect of ihe d)ur¢h and £l.000 in respect of ihe hall. As a result of ihe coronavirus pandaxic and subsequent I(k-down& there was a shortfrdll the tieneral Fund of £7.1)00 at the elld of the ye4r which the PCC is addressing. Oth¢r uni¢strirte£L iyjt designa fill)ds amountfyl to £30503. 24 CHARITABLF. sfATUS The Partthial Church CnCIl of the Eecl&8i&8tical Parish of St Frdncis of Assisi. Terriers. High WycoJnlK, was entered on the Regtr of Charities m 16th Decemlxr 2013 Und the regtstered charity numbtt 11 $5035.