2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Marks, Marks Gate, Chadwell Heath

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								31.12.20					31.12.19
						General		Restricted			Total		Total
						Funds		Funds			Funds		Funds
				Note		f		E			E
INCOME AND ENDOWMENTS		FROM:
Donations and Legacies				2(a)		16,095		136,232			152,327		14,450
Government Grants				2(a)		9,901					9,901
Charitable Activities				2(b)		26,720					26,720		41,553
Church Hall Hire				2(c)		23,216					23,216		17,034
Investments				2(d)
TOTAL INCOMING RESOURCES						75,932		136,232			212,164		73,037
EXPENDITURE ON:
Church activities				3(a)		55,678		134,250			189,928		80,383
Cost of activities for generating			funds	3(b)		12,769					12,769		27,179
TOTAL RESOURCES EXPENDED						68,447		134,250			202,697		107,562
NET SURPLUS/(DEFICIT) FOR THE YEAR						7,485		1,982			9,467		(34,525)
NET TRANSFERS FROM/TQ	RESTRICTED FUNDS					7,368		(7,368)
NET MOVEMENT IN FUNDS						14,853		(5,386)			9,467		(34,525)
BALANCES BROUGHT FORWARD AT
1STJANUARY 2020						1,510,074	E	8,810	E		1,518,884	E	1,553,409
BALANCES CARRIED FORWARD		AT
31STDECEMBER 2020					6	1,524,927	f	3,424		f	1,528,351	E	1,518,884

2. INCOME AND ENDOWMENTS	2. INCOME AND ENDOWMENTS			31.12.20		31.12.19
			General	Restricted	Total	Tota I
			Funds	Funds	Funds	Funds
			6	6	E
a) Donationsand	Legacies
Planned Giving:
Planned Giving			2,442		2,442	4,120
Tax refund			2,941		2,941	1,468
Collections (Cash offering)			539		539	1,925
Donations, appeals, etc.			173		173	1,209
Legacies
JRS Grant from	Government		9,901		9,901
Other Grants			10,000	1,982	11,982	5,728
Green Pastures		Note 8.		134,250	134,250
			25,996	136,232	162,228	14,450
b) Charitable Activities
Rents received			19,450		19,450	19,889
Breakfast Club	Income		3,714		3,714	7,407
Cafd Sales			3,556		3,556	12,000
Other fundra ising activities						2,257
			26,720		26,720	41,553
c) Income from church activities
Church hall hire			23,216		23,216	17,034
			23,216		23,216	17,034
d) Income from investments
Dividends and interest
TOTAL INCOMING	RESOURCES		75,932	136,232	212,164	73,037

3.	EXPENDITURE ON:				31.12.20		31.12.19
				General	Restricted	Total	Total
				Funds	Funds	Funds	Funds
						E	E
a)	Church activities
	Donations						1,800
	Ministry: Diocesan	Family purse		14,785		14,785	18,801
	Staff Costs			20,634		20,634	26,025
	Church running and	maintenance		9,633		9,633	17,324
	Curate/Priestin charge		Expenses	763		763	1,459
	Dragons Den Grant	Expenditure					6,607
	Examination fees			1,380		1,380	1,390
	Payment of Rentention		Monies re Green Pastures		134,250	134,250
	Depreciation expense			8,483		8,483	6,977
				55,678	134,250	189,928	80,383
b)	Raising funds
	Breakfast Club Costs			7,950		7,950	6,748
	Cafd Costs			4,414		4,414	20,061
	Flat 106 Costs			405		405	370
	Other fundra ising activities
				12,769		12,769	27,179
	TOTAL RESOURCES	EXPENDED		68,447	134,250	202,697	107,562

						31.12.20				31.12.19
					General	Restricted		Total		Total
					Funds	Funds		Fuiids		Funds
					E	E		E		E
4.	STAFF COSTS
	Wages and Salaries				28,584	-		28,584		40,821
	The average number		ofemployees	during the year was 5.
5.	FIXEDASSETS
						Leasehold		Church
	Tangible					Property		Equipment		Total
						E		E		E
	Cost
	As at 1stJanuary	2020				1,486,097		34,887		1,520,984
	Additions							6,020		6,020
	As at 31st December		2020			1,486,097		40,907		1,527,004
	Depreciation
	As at 1stJanuary	2020						27,908		27,908
	Charge for the year							8,483		8,483
	As at 31st December		2020					36,391		36,391
	Net Book Value	as at	31st December 2020			1,486,097		4,516		1,490,613
	Net Book Value	as at	31st December 2019			1,486,097		6,979		1,493,076
								31.12.20		31.12.19
6.	DEBTORS
	Property related	Debtors						600
	HMRC Gift Aid Claims							2,940		4,774
	Other debtors							1,715
7.	LIABILITIES
	Amounts falling	due within one year
	Tax and Social Social		security
	Accrual s							1,360		1,360
							E	1,360	E	1,360

THE PAROCHIAL CHURCH	THE PAROCHIAL CHURCH	THE PAROCHIAL CHURCH	COUNCIL OF	COUNCIL OF	COUNCIL OF	COUNCIL OF	THE ECCLESIASTICAL PARISH OF ST	THE ECCLESIASTICAL PARISH OF ST	THE ECCLESIASTICAL PARISH OF ST	THE ECCLESIASTICAL PARISH OF ST	THE ECCLESIASTICAL PARISH OF ST	MARKS MARKS GATE CHADWELL HEATH	MARKS MARKS GATE CHADWELL HEATH	MARKS MARKS GATE CHADWELL HEATH	MARKS MARKS GATE CHADWELL HEATH	MARKS MARKS GATE CHADWELL HEATH	MARKS MARKS GATE CHADWELL HEATH	MARKS MARKS GATE CHADWELL HEATH	MARKS MARKS GATE CHADWELL HEATH	MARKS MARKS GATE CHADWELL HEATH	MARKS MARKS GATE CHADWELL HEATH
							Charit Re istration No. 1156637
								NOTES TO THE ACCOUNTS
						FOR THE YEAR ENDED			31STDECEMBER				2020
8.	FUNDS
							Balance at		Incoming			Outgoing								Balance	at
								1.1.20	Resources		Resources					Transfers				31.12.20
								E	E				E							E
	General Funds
	General Fund							1,510,074	75,932				(68,447)				7,368			1,524,927
	Restricted Funds
	The Drama Grant							1,100												1	100
	London Over the Border							5,728									(5,728)
	Green Pastures Retention			Monies					134,250				(134,250)
	Dragons Den							1,982	1,982								(1,640)			2,324
	Mission Opportunity		Fund
								8,810	136,232				(134,250)				(7,368)			3,424
							E	1,518,884 E	212,164	E			(202,697)	E			-		E	1,528,351
	The Drama Grant was money			received			from drama groups		for the purpose				of development			ofthe new				build staging.
	The total funds incoming		in the		year was ENil. (2019-ENil). It is planned						to		spend the	balance			in the coming year.
	The London Over the		Border		Fund		fund	bought forward was for		the		purpose of improving the							Front of
	House at The Hub @St Marks by						increasing customer interaction				and community					relations		This fund
	supported our labour	costs		in		the year.		The 2019Grant funding		was			to provide	funds			for the	purchase of
	chairs which were purchased					in March		2020 and capitahsed as		set out in note				5	above
	The Green Pastures	retention				monies were released			by The London				Borough	of	Barking and				Dagenham		as
	the building work is now complete						and were paid to the buider.
	Dragon's Den funding		has helped support a number						of programs		and		others are		now		being run through				the
	Chadwell Heath Community				Association			During the	year E1,640 of			the money		bought forward						in relation	to
	the debt management		program			was, with the permission of Dragon's							Den, utilised			to	support		the Breakfast
	Club in 2020 The remaining				E342		from	Twist Kids and Homework			club will be			utihsed			in 2021			by North
	Meets South. In 2020		The Dragon's				Den also provided a further			E1,982 for the				stay and play				initiative.
9.	ANALYSIS OF NET ASSETS BY			FUND								General			Restricted					Total
													Fuitds			Funds				Fuiids
													E				E			E
	Fixed assets											1,490,613								1,490,613
	Current assets												28,306			10,792				39,098
	Current liabilities												(1,360)							(1,360)
										E		1,517,559		E			3,424	E		1,520,983
10	TRUSTEES
	In addition to the incumbent's					travel expenses off763(2019part					year E1,459), one ofthe Trustees, Mrs										I E
	Mukwaya receives a	salary		for her			work	but not for PCC duties		Approval for payment							to this	trustee in her
	role ofadministrator	has been				obtained		by the chanty