2020-12-31-accounts

The Parochial Church Council of Christ Church, Stone Trustees’ Annual Report for the year ended 31[st] December 2021 Charity registration number: 1156528

Objectives and Activities

The Parochial Church Council of Christ Church, Stone (the PCC) has the responsibility of cooperating with the incumbent, the Reverend Paul Kingman, in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelical, social and ecumenical. The PCC is also spiritually responsible for the maintenance of the church.

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 Christ Church. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups that live within our parish. Our services and worship put faith into practice through prayer, scripture, music and sacrament. Also, through non sacramental activities of hospitality and fellowship we aim to reach non churched members of the community.

Public Benefit

The trustees of the PCC are aware of the Charity Commission’s guidance on public benefit in The Advancement of Religion for the Public Benefit and have had regard to it in their administration of the Charity. The trustees believe that, by promoting the work of the Church of England in the Ecclesiastical Parish of Stone it helps to promote the whole mission of the Church (pastoral, evangelistic, social and ecumenical) more effectively, within the Ecclesiastical Parish, and that in doing so it provides a benefit to the public by:

• Providing facilities for public worship, pastoral care and spiritual, moral and intellectual development, both for its members and for anyone who wishes to benefit from what the Church offers; and

• Promoting Christian values and service by members of the Church in and to their communities, to the benefit of individuals and society as a whole.

Reference and Administrative details

Charity Name:

Christ Church. Christ Church Parish Office Christchurch Way Stone Staffs ST15 8ZB Registered charity number 1156528

PCC members who have served from 1[st] January 2021 until the date this report was approved were :

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INCUMBENT : Revd Paul Kingman (as from Sept 2003) PCC Chair Asst. Curate: In vacancy.: Children and Families Worker: Peter Cuthbert (since September 2019) Wardens: Peter Mason, David Beauchamp Deputy Wardens: Philip Tunstall; Andrew Stone Readers: David Bell, David Rowlands, Michael Thompson, Helen Bowes Deaconess (Retired) Ann Butler Gift Aid Secretary Richard Latos

Elected members:

Mrs E Woodhead, Mrs M Hillman (serving one more year) Mrs S Sanders, Mr P Kelly (serving two more years)

Mrs A Smith, Mr P Tunstall, Mr A Stone, Mrs D Morris, Mrs E Mason (elected to serve 3 more years) Mrs A Burton (stood down April 2021)

Deanery Synod members Mrs H Bowes, Mr D Rowlands

Retired Clergy in active ministry 2020/2021

Rev Preb Gerald Gardiner Rev Preb Roger Vaughan Dss Ann Butler

Bank

NatWest Bank. 41 Greengate Street Stafford Staffs ST16 2JA

Independent Examiner:

Lichfield Diocesan Board of Finance St Mary’s House The Close Lichfield WS13 7LD Telephone: [phone]

Incumbent:

Revd Paul Kingman

Structure, Governance and Management

The PCC is a Body Corporate established by the Church of England and is a Charity no. 1156528 registered with the Charity Commission. The PCC is governed by the Parochial Church Council Powers Measure (1956) as amended that came into effect on 2[nd] January 1957, and the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended).

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PCC members are elected by existing members on a rolling 3-year basis. The Council comprises the Incumbent, the Churchwardens, a representative of the Readers, those elected to the Deanery Synod, and other members who are elected at the Annual Parochial Church Meeting, by those on the Electoral Roll. For PCC members, a service is held including an induction prayer for those newly elected. Training is acquired through attending the PCC meetings, no individual responsibilities are given to those newly elected. Members of the congregation are always urged to join the Electoral Roll, and to stand for election to the PCC.

The PCC members are responsible for making decisions on all matters of general concern and importance in the parish, and for all financial matters. The PCC meet 4 times a year. [Given its responsibilities, the PCC has a number of sub committees, each dealing with a particular aspect of parish life. These include Worship, Mission and Outreach, Buildings and Finance and Youth Work. Each reports back to the PCC with the minutes of their meetings.]

Sub-Committees:

Mission Task Group Pastoral Care Task Group House Group – Dr D. Bell House Group – Mr P. Mason House Group – Dr S. Kingman House Group – Gill Latos House Group – Chris Nix House Group – Estella Woodhead

Reserves Policy

It is PCC policy to try to maintain a balance on free reserves (net current assets) which equates to at least three months unrestricted payments. This is equivalent to £27,000. It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of the free reserves at the year end was £67,129 which is higher than this target.

Safeguarding

The PCC believe they have fulfilled their duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults).

Reporting Serious Incidents

A Serious Incident is an adverse event, whether actual or alleged, which results in or risks significant harm to the charity’s beneficiaries, employees, office holders, volunteers or to others who come into contact with the charity through its work, loss of the charity’s money or assets, damage to the charity’s property or harm to the charity’s work or reputation.

The trustees are not aware of any Serious Incidents in the last year

Related Parties

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Donations from Related Parties

Donations from related parties during the year totalled £6,596. All these donations were received without conditions.

Remuneration paid to Trustees

None of the trustees have been paid any remuneration or received any other benefits from employment with the

Expenses paid to Trustees

Only trustee to receive remuneration was the incumbent – see account for details

Risk Management

The Church Wardens carry out regular Health and Safety Reviews and regularly inspect premises for potential hazards. We have safeguarding policies in place for child protection and for work with vulnerable adults, including rigorous DBS checking of staff and volunteers. Our insurances are reviewed annually to ensure adequate cover. An informal review of any new risks which may impact the work of the Church in the Parish is ongoing.

PARISH PROFILE & MISSION ACTION PLAN ( updated for April 2019 )

The United Benefice of Christ Church Stone & Oulton with Moddershall, Staffordshire, in the Diocese of Lichfield.

INCUMBENT : Revd Paul Kingman (from Sept 2003). Asst Curate: Vacant (as of Sept ’14). Children and Families Worker: Peter Cuthbert (since September 2019). Wardens: David Beauchamp and Pete Mason (CC, Stone); Simon Hodgkinson and Ruth Wilson (O with M). Deputy Wardens: Philip Tunstall and Andy Stone (CC, Stone); John Beamond (OwM); Andrew Plant (OwM). Readers: David Bell, Helen Bowes, David Rowlands, Michael Thompson.

THE PARISH SETTING :

The United Benefice covers the northern part of the town of Stone plus two villages to the northeast. The population of Stone is 16,385 and rising due to house developments. It was formerly a market town, but now known as a Canal Town and has two industrial parks for businesses. The parish has a total population ca. 4,480 [Stone 3,500; Oulton 800; Moddershall 180] and aSa of 81, 28 and 10 respectively.? Have kept this the same as they did not do a statistics calculator for 2020! More recently the town has seen the building of new retail outlets, a new leisure centre, the current development of the canal wharf with the addition of a theatre. A train service provides a link to Stafford, Birmingham, Stoke on Trent and Crewe.

THE CHURCHES

Ecclesiastical Tradition : the benefice of two parishes is in the gift of The Simeon’s Trust and so has had an Anglican evangelical ministry since its establishment – with an emphasis on shaping the church’s life and ministry according to the Holy Bible and worshipping the Lord

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and Saviour Jesus Christ. The two village churches are more traditional in style but share the same Patron. In 1989 a joint Benefice was formed and continues to be one today.

“Almighty and everlasting God, who by thy holy servant, Charles Simeon, didst mould the lives of many that they might go forth and teach others also; mercifully grant that as through evil report and good report he ceased not to preach thy saving Word, so we may never be ashamed of the Gospel of Jesus Christ Our Lord, who with Thee and the Holy Spirit liveth and reigneth one God world without end. Amen”.

[A prayer used in King's College, Cambridge for 13[th] Nov – the date of Charles Simeon's death].

Pattern of Sunday Worship :

Christ Church, Stone: 9.15 a.m. (all CW: 1[st] HC, 2[nd] MP, 3[rd] HC, 4[th] Family 5[th] MP). Oulton: 11.00 a.m. (1[st] HC BCP; 2[nd] MP; 3[rd] HC; 4[th] Family; 5[th] MP). Moddershall: 11.00 a.m. (BCP: 1[st] MP; 2[nd] HC; 3[rd] MP; 4[th ] MP) Evenings 6.00 p.m. which ranges from a standard service to a course, or a meeting.

Weekday Services : Tuesday midweek communion; monthly nursing home services; termly school services.

Lay involvement : administration (p/t paid); youth and children groups; children’s Easter Holiday Club; Sunday School; house group leaders; mums & toddlers; luncheon club for elderly (O); development of Mental Health First Aid (MHFA).

House, Study or Prayer Groups : Bible study discipleship groups, Lent courses, Christianity Explored discipleship course; midweek prayer; monthly prayer breakfast.

Youth Work : Tues lunchtime ‘Seekers’ (CCA Yr 5-8); weekly school assemblies at First and Middle schools; High School assemblies; occasional school visits or extra lessons.

Children’s work: Sunday school; annual Holiday Club; Light Party (alternative to Halloween); Pancake Party; Good Friday craft & service for children; Christingle; Parent and Toddler group.

Areas of co-operation ( e.g . with other Anglicans or Ecumenical partners): Churches Together in Stone (Anglican, Baptist, URC/M & St Dominic’s RC) cooperate for the Good Friday procession and service; ‘Advent Windows’ and town carols at Christmas; the Week of Prayer for Christian Unity; we support the ‘Stone Community Hub’ and CAP centre for the town.

Any other activities or comments:

We have regular times of outreach to the community. The Vicar was part of the organising the nationwide mission called A Passion For Life (March 2010, 2014) and the parishes ran events under this banner including a collaborative event with other north Staffs churches at Stoke City FC conference room (2010 with Ken Howells & Rico Tice; 2014 with Robin Oake & Roger Carswell). Other outreach events include ladies outreach events; men’s meals with speakers; a mini-mission with flower festival in 2018

We have organised ‘ Advent Windows’ since 2010 (an Advent display in shop windows involving community groups). We have Governor responsibility for three Church of England Schools and the Vicar is Chair of Trustees for CCA. The Vicar serves on the Diocesan Synod and the Deanery Pastoral Standing Committee. The Benefice is a partner church for the

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‘ Midlands Gospel Partnership’ (MGP) encouraging mission in the Midlands. We support several Christian mission partners overseas and at home including UCCF.

THE INCUMBENT’S AND PCC’S VISION & PRIORITIES FOR THE FUTURE:

In conjunction with the Diocesan vision for ‘Growing for Growth’ we have adopted a simple framework within which to develop a Bible based ministry. The two PCC’s have agreed to make disciples by pursuing three general aims, to be developed over time:

1. Nurture of believers: so that we become more like Christ.

2. Evangelism : to gather God’s elect into the joy of worship through faith in Jesus Christ.

3. Worship of God: to increasingly delight in God’s majesty while giving the whole of our lives God as described in Rom 12v1-2 (fed by nurture and evangelism).

This vision statement is the basis of the Mission Action Plan . Inevitably this will be age-specific in many of our activities, but we endeavour to fulfil our mission irrespective of someone’s age as we share the good news to all, whatever their cultural or religious background. The MAP applies to the Benefice, although we recognise that each of the three churches has their own part to play in order to fulfil these aims.

1. Nurture

We aim to encourage the nurture of our relationship with the Lord Jesus Christ.

Actions:

To faithfully expound the Holy Bible in Sunday services and also in the children’s classes – this will require our prayerful preparation and application so as to make disciples.

To encourage a daily discipline of Bible reading, praise and prayer amongst all congregation members.

We will aim to meet together for study courses during Lent and at other times to grow in our understanding of Biblical truth and how to live as a community of Jesus’ disciples.

We will continue to provide pastoral care for the community through our support and instruction for baptisms, weddings and funerals and at other times as they arise.

We will hold events that promote our meeting together, so as to build our identity as a community of faith.

2. Evangelism

In obedience to Jesus’ command to ‘go and make disciples of all nations’ (Mt 28v18-20) we will commit ourselves to the proclamation of the gospel of Jesus Christ.

Actions:

We will provide services at the main Festivals such as Harvest, Christmas and Easter as opportunities to bring guests to hear more about the good news of Jesus Christ.

We will provide a regular Christianity Explored discipleship course to help to strengthen faith in Jesus Christ and lead to disciples who will also make disciples of others.

We will hold an annual children’s holiday club to draw more children and their families into the life of the church and to encourage them to follow Jesus.

We will resource a children and families worker to oversee our ministry amongst young people as we pray that this will lead to lasting fruit.

We shall maintain our support of Christian mission partners both in the UK and overseas by giving up to 10% of our gross income to the work.

We will endeavour to demonstrate the gospel in action by being good news to the community – by providing Governors so as to promote good schools for the area that uphold the Christian foundation; to explore the development of further ways to support families in the area.

We will aim to encourage the community to partner with us in providing a giant Advent Calendar for Christmas.

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3. Worship

We aim to grow in Christ-likeness both in our personal conduct and in our service in the world. This is achieved through being committed to the local church as the body of Christ, to accept pastoral oversight (of the incumbent and all who exercise a leadership role) as a means of encouraging our faith in the Lord Jesus and to promote godly living and service in order to bring honour and glory to His name. We meet on a Sunday to give praise and thanksgiving for the mercies and grace we have received from the Lord; to confess our sins with the intention of not simply showing remorse, but leading to our genuine repentance and change to become more Christ-like; to engage prayerfully with what the Holy Bible teaches us; to remember the death of Christ on the cross as the basis of our being put right with God to which the two sacraments of Baptism and the Lord’s Supper point.

Actions:

We will provide a regular service on a Sunday in each church, as resources will allow, drawing on the best hymns of the past and present that are inspired by the Scriptures.

We will provide the opportunity for small groups to meet for the purpose of Bible Study and prayer as a means of discipleship, both in homes and at church.

We aim to have an annual Covenant Service to as an opportunity to remember the sheer privilege of being the people of God and to renew our commitment to the Lord.

We will encourage more people to take part in the church prayer gatherings as a demonstration of our reliance on the Lord and desire to do His will.

We will endeavour to take regular services at Autumn House nursing home as our resources allow, providing spiritual care and encouragement in an appropriate way.

A SUMMARY OF OUR MISSION ACTION PLAN from 2019.

Although we have set out the vision in our own terms, we believe that there is a good correspondence with the current Diocesan priorities. For this reason, we have set out below our goals for the next phase utilising the terms of reference: Discipleship, Vocation and Evangelism or the forthcoming period.

Table: MAP Summary (using Diocese of Lichfield’s framework):

Primary purpose	Actions for 2019 onwards
Discipleship -growing up	1. To hold regular Sunday services for corporate the worship of God. 2. Provide resources for personal Bible reading & prayer. 3. To hold an annual Lent course in order to deepen our discipleship. 4. To encourage adults and young people to attend Christian conventions and summer ventures as times of celebration, refreshment and growth. 5. To partner with the Midlands Gospel Partnership as a means of resourcing and reaching the Midlands with gospel workers. 6. Promote prayer gatherings: weekly and monthly. 7. To provide age-appropriate home groups and life-long Christian learning and prayer in small groups.
Vocation - growing more	1. Encourage the congregations to live as the family of God and to demonstrate this in everyday life at home, work and in the community. 2. Provide nursing home services so as to affirm the vocation of the elderly and infirm in their own sphere of mission. 3. To support our schools by providing foundation Governors and regular acts of worship, in order to serve God through expressing the gospel in action and bless others. 4. To provide lay pastoral care for those who grieve, together with an annual memorial service as a supportforthe bereaved.

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5. To develop an understanding that the workplace is our_‘front line’_i.e. that it is key area to work out our discipleship and service of God. 6. To care for people’s wellbeing through hospital volunteer chaplaincy to and also locally to provide Mental Health First Aid (MHFA).

Evangelism - growing out

1. To preach the gospel in season and out of season, bringing the call and the challenge of discipleship to the world, through the spoken word, written materials and our social media. 2. To make the main festivals such as Harvest, Christmas and Easter regular opportunities for outreach. 3. To provide regular_‘Christianity Explored’enquirer’s courses and outreach events, in order to spread the good news of Jesus Christ. 4. To run‘Advent windows’_in partnership with town & community groups, so as to engage people with Christmas. 5. To practise generosity and extend God’s mission by aspiring to give 10% of our gross income to Christian mission (5% min). 6. Tohold anannualchildren’sholiday club to bring the goodnews to thenext generation.

Financial details available in the audited accounts as submitted to LDBF (appointed as Independent Examiners) – February 2021.

Approved by the PCC on ……28 April… 2021 and signed on its behalf by:

Revd Paul Kingman

For and on behalf of the PCC of Christ Church Stone

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Annual Report and Financial Statements of the Parochial Church Council of Christ Church, Stone

Charity registration no. 1156528

For the year ended 31st December 2020

Independent Examiner's Report to the trustees/members of the PCC of Christ Church, Stone

Charity registration no. 1156528

I report on the accounts for the year ended 31st December 2020 which are set out on the following pages.

Respective responsibilities of the Trustees and Independent Examiner

The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under Section 144 of the Charities Act 2011 (the Charities Act) that an independent examination is needed.

It is my responsibility

• l to examine the accounts under section 145 of the Charities Act,

• l to follow the procedures laid down in the General Directions given by the Charity Commission (under section 145(5)(b) of the Charities Act, and

• l to state whether particular matters have come to my attention.

Basis of Independent Examiner's Statement

My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity 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 the 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 present 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 material matters have come to my attention which gives me casue to believe that in, any material respect:

• l accounting records were not kept in accordance with section 130 of the Charities Act or

• l the accounts do not accord with the accounting records

• l the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.

I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached.

05-Jul-21

Signed: …………………….……………………………………… Date: …………………………………………..

Jonathan Hill FCMA CGMA Lichfield Diocesan Board of Finance

St Mary’s House, The Close, Lichfield WS13 7LD

The PCC of Christ Church, Stone

Financial Statements for the Year Ended 31st December 2020

Statement of Financial Activities

Incoming Resources Income and Endowments from: Donations and Legacies 2a Activities for Generating Funds 2b Income from Investments 2c Church Activities 2d Other 2e Total Resources Expended Expenditure on: Raising Funds 3a Church Activities 3b Other 3c Total Net Income/(Expenditure) before investment Net gain/(losses) on investments 7(b) & 8(a) Net Income/(Expenditure) Transfer between Funds 6 Net Movement in Funds Total Funds brought forward 11 Total Funds carried forward	Unrestricted Funds £	Designated Funds £	Restricted Funds £	Endowment Funds £	Total Funds 2020 £		Total Funds 2019 £
							*see note 12 for full comparatives
	52,965	-	17,226	-	70,191		86,380
	481	-	172	-	653		1,653
	62	-	7	-	69		155
	7,256	-	-	-	7,256		18,935
	-	-	-	-	-		-
	60,764	-	17,405	-	78,169		107,123
	1,799	-	-	-	1,799		2,094
	67,668	-	11,816	-	79,484		111,455
	-	-	-	-	-		-
	69,467	-	11,816	-	81,283		113,549
	(8,703)	-	5,589	-	(3,114)		(6,426)
			83		83		(94)
	(8,703)	-	5,672	-	(3,031)		(6,520)
					-		-
	(8,703)	-	5,672	-	(3,031)		(6,520)
	67,129	-	41,885		109,014		60,635
	58,426	-	47,557	-	105,983		54,115

The PCC of Christ Church, Stone Financial Statements for the Year Ended 31st December 2020

Balance Sheet

Fixed Assets Tangible Assets 7(a) Investment Assets 7(b) Total Fixed Assets Current Assets Current Investments 8(a) Debtors and prepayments 8(b) Cash at bank and in hand 8(c) Total Current Assets Current Liabilities - due within 1 year Creditors and accruals 9(a) Diocesan Parish Share Diocesan Loan Total Current Liabilities Net Current Assets/(Liabilties) Liabilities due after one year 9(b) Creditors Deferred Parish Share Diocesan Loan Total Liabilites due after one year Total Net Assets/(Liabilities) Funds of the PCC Unrestricted Funds General Fund Designated Funds Restricted Funds Endowment Funds Total Funds	Total 2020 £		Total 2019 £
	-		-
	2,439		2,356
	2,439		2,356
	-		-
	-		-
	104,488		107,388
	104,488		107,388
	945		730
	945		730
	103,544		106,658
	-		-
	105,983		109,014
	Total 2020 £ 58,426 - 47,557 - 105,983
	Total 2020 £		Total 2019 £
	58,426		67,129
	-		-
	47,557		41,885
	-		-
	105,983		109,014

Approved by the Parochial Church Council on ….................................2020 and signed on its behalf by:

Signature: ………………………………...……………

Name: The Revd PH Kingman (PCC Chairman)

The notes on the following pages form part of these accounts

The PCC of Christ Church, Stone

Financial Statements for the Year Ended 31st December 2020

Accounting Policies

The PCC is a public benefit entity within the meaning of FRS 102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' "true and fair view" provisions. They have also been prepared in accordance with the Charities SORP (FRS 102).

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.

There may be minor discrepancies in the totals as the pence are not being shown.

Cashflow Statement

The Charity has taken advantage of the exemption in FRS102 from the requirement to produce a Cash flow statement on the grounds that the income does not exceed £500,000.

Going Concern

There are no material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern

Post-balance sheet events

The worldwide outbreak of the COVID-19 virus represents a significant event since the end of the financial year. The Charity has reviewed its cash flow forecasts and considered the impact on going concern, concluding that the going concern basis remains an appropriate basis of preparation for these financial statements given the likely cash flow impact of operations for 12 months from the date of signing this report. COVID-19 is considered to be a non-adjusting post year end – for accruals) event and therefore has not been taken into account in preparing these Financial Statements as at 31 December 2020.

Accounting Estimates and Prior Year Errors

No changes to accounting estimates have occurred in the reporting period.

No material prior year errors have been identified in the reporting period.

Description of Funds

Unrestricted funds are income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project and which are therefore not included in its "free reserves" as disclosed in the trustees' annual report.

Restricted funds comprise of two elements :-

a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest

b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.

Endowment funds are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income, and where the use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of all their restrictions are shown in the notes to the accounts.

Accounting Policies continued

Income

Planned giving, collections and donations are recognised when received or when the PCC becomes entitled to the resource and the monetary value can be measured with sufficient reliability. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and Legacies are accounted for when the PCC is legally entitled to the amounts due and the monetary value can be measured with sufficient reliability. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.

Expenditure

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross.

Governance and Support Costs

Support costs should be allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the PCC and its compliance with regulation and good practice.

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources eg by allocating staff costs by time spent and other costs by their usage.

Fixed Assets

Consecrated and benefice property is not included in the accounts by s.10(2)(a)&(C) of the Charities Act 2011.

Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the Church’s inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements.

No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets exceeds 50 years, so that any depreciation charges would be immaterial.

Investments

Investments in quoted shares, traded bonds and similar investments are valued initially at cost and subsequently at market value at the year end. Investments held for re-sale are treated as current asset investments.

Debtors

Debtors are measured on initial recognition at settlement amount. Subsequently they are measured at cash expected to be received.

Creditors and Accruals

Creditors are measured at settlement amounts less any trade discounts. Accruals are measured on best estimate of the amount required to settle the obligation at the reporting date.

The PCC of Christ Church, Stone

Financial Statements for the Year Ended 31st December 2020

INCOME AND ENDOWMENTS 2 Donations and Legacies Voluntary Income 1 Tax efficient planned giving 2a 2 Other planned giving 3 Collections at services 4 All other giving and voluntary receipts including special appeals 6 Gift Aid Recoverable 7 Legacies 8 Grants (recurring and one-off) Charitable Activities Activities for Generating Funds 2b 9 Summer Fete 9 Rummage Sale & Events 9 Other Fundraising Activities Finance Form Box Number	Unrestricted Funds £	Designated Funds £	Restricted Funds £	Endowment Funds £	Total Funds 2020 £		Total Funds 2019 £
	39,545	-	4,144	-	43,689		47,370
	123	-	10,728	-	10,851		12,847
	1,386	-	-	-	1,386		2,154
	1,791	-	1,660	-	3,451		17,628
		-	694	-	694		2,938
		-	-	-	-		3,443
	10,120	-	-	-	10,120		-
	52,965	-	17,226	-	70,191		86,380
	-	-	-	-	-		-
	216	-	-	-	216		300
	266	-	172	-	438		1,352
	481	-	172	-	653		1,653

INCOME AND ENDOWMENTS continued

Income from Investments 2c 10 Dividends 10 Bank Interest Income from Church Activities 2d 11 Statutory Fees (retained by PCC) 12 Church Hall Hire 12 Sunday morning coffee 12 Bookstall 12 Parish Magazine 12 Other trading activites Other Income 2e 13 Other A Total Income	Unrestricted Funds £	Designated Funds £	Restricted Funds £	Endowment Funds £	Total Funds 2020 £		Total Funds 2019 £
	56	-	-	-	56		48
	5	-	7	-	13		106
	62	-	7	-	69		155
	2,370	-	-	-	2,370		2,156
	4,127	-	-	-	4,127		14,362
	-	-	-	-	-		-
	204	-	-	-	204		769
	556	-	-	-	556		1,648
	-	-	-	-	-		-
	7,256	-	-	-	7,256		18,935
	-	-	-	-	-		-
	-	-	-	-	-		-
	60,764	-	17,405	-	78,169		107,123

The PCC of Christ Church, Stone

Financial Statements for the Year Ended 31st December 2020

EXPENDITURE 3 Raising Funds 3a Costs of Generating Funds 17 Stewardship Costs 17 Costs of Fund Raising 17 Coffee Morning Costs Charitable Activities 3b Church Activites 18 Mission Giving and Donations 19 Diocesan Parish Share 20 Salaries and Wages 21 Clergy and Staff Expenses Church Expenses 22 Church Expenses(Mission and Evangelism) 23 Church Running Expenses(incl Governance) 24 Church Utility Bills 25 Cost of Trading (Magazine, bookstall etc) 25 Church Hall Running Costs Major Capital Expenditure 27 Major Repairs to the Church 28 Major Repairs to Church Hall 29 New Building Work 99 Other Expenditure 3c Other C Total Expenditure Finance Form Box Number	Unrestricted Funds £	Designated Funds £	Restricted Funds £	Endowment Funds £	Total Funds 2020 £	Total Funds 2019 £
	-	-	-	-	-	-
	1,799	-	-	-	1,799	2,094
	-	-	-	-	-	-
	1,799	-	-	-	1,799	2,094
	5,879	-	-	-	5,879	12,691
	31,334	-	-	-	31,334	42,238
	2,821	-	11,816	-	14,637	14,665
	1,517	-	-	-	1,517	2,063
	43	-	-	-	43	197
	16,858	-	-	-	16,858	21,545
	2,306	-	-	-	2,306	4,826
	229	-	-	-	229	985
	2,103	-	-	-	2,103	7,315
		-	-	-	-	4,930
	4,578	-	-	-	4,578	-
	-	-	-	-	-	-
	67,668	-	11,816	-	79,484	111,455
	-	-	-	-	-	-
	-	-	-	-	-	-
	69,467	-	11,816	-	81,283	113,549

The PCC of Christ Church, Stone

Financial Statements for the Year Ended 31st December 2020

4 Allocation of Support Costs

Support costs comprise Trustee Training and Governance Costs etc. Due to the nature of the financial activities of the PCC, these would be allocated across Charitable Expenditure which comprises the majority of its expenditure and as such are automatically charged there.

5 (a) Staff Costs

Wages & Salaries Average number of employees	2020	2019
	£14,637	£14,665

During the year the PCC employed an adminiostrator and a Youth Worker.

There were no employee benefits to key management personnel in the previous or current year.

The PCC use the National Employment Savings Trust (NEST), via the Diocesan Payroll Scheme, for its pension payments

5 (b) Related Parties

1 Trustee(s) has been reimbursed £1,517 for travel and phone expenses incurred during the year.

No other expenses were paid to any other PCC member, persons closely connected to them, or related parties.

Donations from related parties (PCC members) totalled £6,596 during 2020 (2019 £7,590).

5 (c) Fees for the examination of the accounts

Independent Examiner's fees Other fees (eg accountancy services) paid to the Independent Examiner	2020	2019
	£150	£150
	£0	£0

6 Analysis of Transfer between Funds

None

7 (a) Tangible Fixed Assets

None

7 (b) Fixed Asset Investments

Restricted funds Gertrude Pickering Charity 32 Total	At 1st Jan £	Additions £	Disposals £	Transfers £	Change in Market Value £	At 31st Dec £
	2,356	-	-	-	83	2,439
	2,356	-	-	-	83	2,439

The Charity of Getrude Pickering, together with the Vicar and Wardens of Christ Church Stone, merged with the Charity of the Parochial Church Council of Christ Church Stone. As such, 992 investment units held with CCLA were transferred to the PCC, and are held in a restricted fund. The income from this investment is to provide gifts, at or about Christmas, to the sick or poor of the parish.

8 Current Assets

8 (a) Current Asset Investments

None

8 (b) Debtors

None

8 (c) Cash at Bank and in hand

Current Account Rock Youth Ministry CBF Deposit Account Cash in hand 31	Unrestricted £	Restricted £	Endowment £	2020 Total £	2019 £
	58,664	12,748	-	71,412	80,151
	-	32,370	-	32,370	26,533
	687	-	-	687	684
	20	-	-	20	20
	59,371	45,118	-	104,488	107,388

9 Liabilities

9 Liabilities
All unrestricted 9 (a) Amounts falling due in one year Other Creditors 35 9 (b) Amounts falling due after one year Diocesan Loan Deferred Parish Share 35	2020	2019
	945	730
	945	730
	-	-
	-	-
	-	-

F

10 Summary of Assets by Fund - 2020

Fixed Assets Investment Assets Current Assets Current Liabilities	Unrestricted Funds £	Designated Funds £	Restricted Funds £	Endowment Funds £	Total £
	-	-	-	-	-
	-	-	2,439	-	2,439
	59,371	-	45,118	-	104,488
	(945)				(945)
	58,426	-	47,557	-	105,983

Summary of Assets by Fund - 2019

Fixed Assets Investment Assets Current Assets Current Liabilities	Unrestricted Funds £	Designated Funds £	Restricted Funds £	Endowment Funds £	Total £
	-	-	-	-	-
	-	-	2,356	-	2,356
	67,859	-	39,529	-	107,388
	(730)				(730)
	67,129	-	41,885	-	109,014

11 Summary of Fund Movements - 2020

Unrestricted Fund Restricted Funds Development Rock Youth Ministry Gertrude Pickering Total Funds	Reserves at 1st Jan £	Incoming Resources £	Resources Expended £	Investment Gains / Losses £	Transfers £	Reserves at 31st Dec £
	67,129	60,764	(69,467)	-	-	58,426
	11,722	-	-	-	-	11,722
	27,807	17,405	(11,816)	-	-	33,396
	2,356	-	-	83		2,439
	41,885	17,405	(11,816)	83	-	47,557
	109,014	78,169	(81,283)	83	-	105,983

Summary of Fund Movements - 2019

Unrestricted Fund Restricted Funds Development Rock Youth Ministry Gertrude Pickering Total Funds	Reserves at 1st Jan £	Incoming Resources £	Resources Expended £	Investment Gains/Loss es £	Transfers £	Reserves at 31st Dec £
	94,753	81,041	(108,665)	-	-	67,129
	11,722	-	-	-	-	11,722
	6,609	26,082	(4,884)	-	-	27,807
	2,622	-	-	(266)		2,356
	20,954	26,082	(4,884)	(266)	-	41,886
	115,707	107,123	(113,549)	(266)	-	109,014

Development fund - monies set aside for developing the church building.

Rock Youth Ministry fund - monies for employment of the Youth Worker.

Gertrude Pickering fund - an investment is held, from which the income is used to provide gifts to the sick and poor of the parish around Christmas T

12 SOFA Comparatives

(previous year) Income and Endowments Donations and Legacies Activities for Generating Funds Income from Investments Church Activities Other Total Income Expenditure Raising Funds Church Activities Other Total Expenditure Net income/(expenditure) Net gain/(losses) on investment Net Income/(Expenditure) Transfer between Funds Net Movement in Funds	Unrestricted Funds £	Designated Funds £	Restricted Funds £	Endowment Funds £	Total Funds £
	60,298	-	26,082	-	86,380
	1,653	-	-	-	1,653
	155	-	-	-	155
	18,935	-	-	-	18,935
	-	-	-	-	-
	81,041	-	26,082	-	107,123
	2,094	-	-	-	2,094
	106,571	-	4,884	-	111,455
	-	-	-	-	-
	108,665	-	4,884	-	113,549
	(27,624)	-	21,198	-	(6,426)
			(94)		(94)
	(27,624)	-	21,104	-	(6,520)
	(1,987)	-	1,987	-	-
	(29,611)	-	23,091	-	(6,520)