St AndreWs, Stspleford Parochlal Church Council Financial Statements For the year ended 31 December 2020
St Andres, Stapleford Parochial Church Council Flnanclal Statements For the year ended 31 December 2020 Contents Page Ilo Charity Reference and Administrative Details Report of the Trustees 4-8 Independent Examinerfs Report Statement of Financial Actwities io lincludlng Income and Expenditure Account) Balance Sheet li Notes to the Financial Statements 12-20
St Andrews. Stapleford Parochial Church Council Charity Reference and Adminlstratlve Detai For the year ended 31 December 2020 Charity Name The Parochlal Council of the Eccleslastlcal Parish of St Andrew, Slapleford Other nome the charity uses Stapleford PCC Registered Charity Number 1158492 Charity The Wicarage 43 Mingle Lane Stapleford Cambridge CB22 5SY Charitvs principal address
St Andrev/5, Stapleford Parochial Church Council Names of the charity tntstees who managed the charity during the year: Trustee name Simon Taylor Mary Cooper Alastair MacGregor Nicola West Christopher Bow Rob Needle Office lif any) PCC Chair Churchwarden Churchwarden Secretary Treasurer Deanery Synod Rep PCC Vitr Chair Deanery Synod Rep Deanery Synod Rep PCC Vice Chair Curate Dates arted rf not for whole year To October 2020 Lizzie Taylor Felicity Cooke From October 2020 Clare Coates Eleanor Norman Alice Rouse Alice Barlow Oiver Challis Lisa MacGregor Romie Ridley To October 2020 To October 2020 Assistant Churchwarden Assistant Churchwarden from Ottober 2020 Simon Humphrey Jackie Nettleton Wendy Red ewell Sue Brown Anand Pillai Jacqui Watkin5 Janet Johnson From October 2020 From October 2020 From October 2020 October 2020 to November 2020
St Andre5, Stapleford Parochial Church Council Report of the Trustees For the year ended 31 December 2020 Objectives and Activities Summary of the purposes of the charity as set out in its governlng document Stapleford PCC has the responsibility of working with the Parish Priest, the Revd Dr Simon Taylor, to promote in the ecclesiastical parish the whole mission of the church, pastoral. evangelistic, social and ecumenical. (The priest in charge is the Revd Simon Talbott of St Mary the Virgin, Gt Shelfordl. The PCC has maintenance responsibilities for the Church of St Andrew. the Vergerfs Cottage and the Johnson Hall. Summary of the main xti¥itses in relation to th05e purposes for the publi¢ benefit, In partlcular, the artivities, projects or seNlces identified in the accounts The provision of religious service5 on a regular basis. The PCC 15 committed to enabling as many people as possible to worship at St Andrev/s church and to become part of the church community, including offering special services at Easter. Harvest. Remembrance Sunday and Christmas. We offer baptism, marriage and funeral Services as requested and in accordance with Ely Diocese instructions. Pastoral and spiritual support is offered to the whole community- Statement conflmlng whether the trustees have had regard to the guidance Issued by the Charity Comrnisslon on public benefit In provision of these activities we are mindful of Christian teaching as well as the guidance issued by the Commission on public benefit. Thus activwties undertaken by the church for individuals or groups of whatever age/religion/disabilitylsexuality are open to all. We also work in partnership with the community to maintain the fabric of 5t Andre5 churth. Contributlon made by volurrteers The Parish Prlest of st AndreS serves as'House for Out. receiving housing but no stipend from the Diocese, although the parish contributes its full ministry share to the Diocese. Member5 of the PCC and the congregation lead and 5UPPOrt all actwities on a voluntary basis, through a system of sub-committees of the PCC. maintenan of the buildings and churchyard. worship and social events, pastoral work in the parish. and children's and youth work in the parish are all undertaken by volunteer members of the PCC and the church.
St Andre5, Stspleford Parochial Church Council Achievements and Performance Summary of the maln achievements of the charity, identifyiry the dlfference which the charitys work has rnade to the clr¢um5tances of its benefldarles and any wlder benefits to society as a whole Worship and Prayer- the PCC offers a range of seryices and other worship opportunities during the week and in the course of the year. Prior to the repeated lockdown5 caused by the Covid-19 pandemic there were regularly three services on Sunday, including an All Age Service on the first Sunday of each month. which caters especially for frdmilies and young children, and Junior Church on other Sundays. During periods when the church has been open we have offered between one and four seNices of different styles on Sundays. When the church has had to be closed for physical services the PCC has continued to offer online worship, mainty pre-recorded worship on YouTube, but with some Zoom provision in addr(ion. Our online provision has included services suitable for adults, Messy Church and St Andre5JunIOr$. Worship. whether in church or online, is SUPPOrted bv the Dirertor of Music and the choir and, latterly, by SingPlus, a new junior group focu55ed on singing but also offering art and other musical actr¥ities. A Messy Church was held monthly in the adjacent Johr¢son Hall prior to the pandemic. When it has been possible to hold physical setv15 those have included a twice monthly Forest Church in the churchyard, including both communion services and Messy Church. The informal seThI of the Word continued to be offered on the fourth Sunday evening of the month prior to the pandemic and when church opening pemiitted. It is aimed at young people but open to all. to which members from parishes throughout the deanery are invited. Special services take pla according to the church calendar le.g. Harvest Festival, St Andrew's Patronal Festival. Ash Wednesday). In April 2020 there were 113 persons on the Electoral Roll. 52 of whom are not resident in the parish. The attendance during an average week in October la5 reported in the 2020'Statistics for Mission} was calculated to be 81. This represents a redurtion from 100 reported in 2019, which reflects the effect of the pandemic. The 'u5ual Sundarf attendance reported in 2019 was 85. That figure was not collected in 2020. Attendance usually increases considerably for major festivals1250 on Easter EvelDay. and 449 on Christmas Eve/Day in 20191- Both Easter and Christmas were disrupted by the pandemic in 2020 and no fiEure5 were collected. Our online 3ervtrces achieved hi8h numbers of viewers throughout the year. rarely below for any Sunday service and not infrequentty above 21K), although, as many churches have found. not all viewers watched the whole of any video. During 2020, 7 funerals. I wedding and 4 baptisms were held at St Andrew's. Deanery Synod- Three members of the PCC. including the parish priest. sit on the Deanery Synod, which provides the PCC with an important link between the parish and wider structures of the church. The church and the Johnson Hall/Vergerfs Cottage- in the past the church has been open 24 hours per day throughout the year. That has continued during the pandemic save for during the first lockdown in March/April. Thereafter. even when not open for services the church has been open for private prayer. It is L¢sually made available for community events. including concerts and seNices for the local Inon-churchl primary school. but that too has been impossible for most of 2020. The PCC'S Fabric Committee Undertakes and commissions regular maintenance and upkeep, including the churchyard. Both church groups and community groups and local service businesses use the Johnson Hall. but there has been little use of it or the Vergerfs Cottage since the first lockdown be8an in
St Andrew's, Stapleford Parochial Church Council March 2020. The Vergerfs Cottage provides office space for the parish, including the administrator, curate and youth worker, a local charitable trust, a youth initiative serving our own and three adjacent parishes, and a local holiday playscheme. A weekly toddler group, supported by the church takes place in the Johnson Hall, as do the weekly Junior Church and crèche sessions on Sundays and the monthty Messy Church. Parish Magazine- the church publishes a monthly news and events magazine for the village of Stapleford, The Stapleford Messenger. which is available on subscription with copies delNered in the village and in local shops. Youth Work-a paid church youth worker. Zoe Clayton, works 16 hours per week for the church. She replaced Zac Bfitton just as the first lockdown was beginning. Various online groups ran during the vear until the young people were overcome by Zoom fatigve. Occasional other acttvities and trips a150 took place as circumstances allowed. The Children's &)ciety- In 2020 the St Andrew's/Children's Society Partnership continLEed to support the work of The Children's Society ITCSI by praying, arting and 8iving. The key event of the year was a service in October attended by the Bishop of Ely. Other activities were largely impossible. We continue to devise novel ways in which we can support the vital work of TCS with the most vulnerable and disadvantaged children and young people in the country and we model these initiatives so they can be adopted by other churches. For example, our Advent Challenge was adopted by other churches and schools. Link Committee-Together with the local communtty the church runs a Link Committee with the chuich of St AndreWs in Nachingwea, Masasi Diocese in southern Tanzania. Of 39 years, standing it is thought to be the longest runnin& continuously active Parish to Parish link in the UK. FurÈdraising activities were curtailed. A highlight of the year was an online celebration seNice in May. The Community Warden Scheme run byAge UK but5pons0d by St Andre$ has continued to run during the year. Financial Revlew As illustrated in the financial statements on pages Itk20, the church's financial position continues to be maintalned predominantly by gUlar gNing and donations in addition to the income derived from the rental income provided by the Johnson Hall. During 2020, the hall's rental income was much reduced due to the impact of the Covid-19 pandemic. However, this shortfall was more than off-set by government small business support amounting to £IO.(W. Other forms of the PCC'5 income were largely unaffected by the pandemK. Before investment gains. the net surplus for the year £6.85812019= £9161- The restricted funds were in surplus by £1,51612019= £7.6571. The church'5 unrestricted fund5 (which reflect the normal operations of the PCCI were In surplus by £5.34212019: A deficit of £6.741}. The PCC transferred £4,983 of the unrestricted surplus to a new fvnd - The Messenger designated ftjnd. This amount is a proportion of the surplus generated by the parish magazine. The lund 15 intended to support local village actwities of a charitsble and Social nature. Net assets were £187,68312019: £175,946). The overall finantial posttion of the PCC remain5 satisfactory.
St Andre5. Stapleford Parochial Church Council Statement explalning the policy for hokling reseNe5 5tatir* whythey are held It is the policy of St Andre$ Church, Stapleford to hold in reserrfe5 the equivalent of three months, general running cost5 and three years. annual deficit of income versus expenditure (based on recent years, experience). It is also our policy to hold an amount for likely building works arising from the church's next quinquennial inspection. This policy will be reviewed in twelve months, time, unless the PCC determines that the church's circumstantes have changed sufficiently to warrant an earlier review. The appropriate sum to hold in reserve for these purposes at the present time is £70.(K)O. The charftvs prlnclpal source5 of funds Ilndudlne any fundraisi Personal giving and fees gained for wedding and funer41 services (charged in accordance with Ely Diocese proceduresl. with additional funding provided by rental income, income from the village magazine and interest on investments. A programme of fundraising events augments the church's funds but are primarily to aid other chaf5ties eg-. our link with St Andre$ Church, Nachingwea. Tanzania as well as a range of local. national and international aid charities. Two Stapleford charities prowde funds for the long-temi maintenance of the church fabric Isee note 121. Structure. Governance and Management Description of charl$ trusts: Type of governlng doturnent Parochial Church Powers Measure11956) as amended. and Church Representation Rules that came into force on 2 January 1957. How is the charity constituted? The method of appointment of PCC members is set out in the Church Representation Rules. The membership of the PCC consists of the parish priest, churchwarden5, and members elected bv members of the congre8ation who are on the elettoral roll of the church. All church attenders are encouraged to register on the elertoral roll and stsnd 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 how the funds of the PCC are to be spent. There may be up to two co-opted members of the PCC. The full PCC meets six times d¢Jrin8 the year. and delegates some of its detailed work to commtttees for Fabric. Events and Johnson Hall. The Standing Committee of the PCC has the Wer to transatt the business of the PCC between its meetings. subject to any directions given by the Council. The members are the chair, vice-chair, churchwardens. the PCC secretary (who is presently an elected lay member of the PCCI, the Treasurer (a co-opted member of the PCCI. and one additional ected lay member.
St Andre5, Stapleford Parochial Church Council Trustee selertlon methods Including detsi15 of any constituUonal provision5 e4. election to P05t or name of any person or body entiw to appoint one or nK•re trustees All members of the PCC are elerted in accordance with the Church Representatton Rules, save for the chair, who is the parish priest for the time bein& and up to two Co-opted members. Trustees, responslb115ties in relation to the financlal sLitements The Trustees are required by law to prepare financial statements for each financial year that give a true and fair view of the financial actNtties of the charty and of its financial posttion at the end of that year. In preparing those financial statements. the Trustees are required to: lal select suitable accounting policie5 and apply them consistently bl make judgements and estimate5 thot are reasonable and prudent Icl state whether the policie5 adopted are in accordartce with the Charities Act 2011 and with applicable accounting Standards and statements of recommended practice. subject to any material departures disclosed and explained in the financial statements dl prepare the financial statements on a going concern basis unless It is inappropriate to assume that the charity will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the tharity and hence for taking reasonable steps forthe prevention and detection of fraud and other irregularities. Declarations The trustees declare that they have approved the trustee< report above. Signed on behalf of the charitys tfustees Signaturel5) Full Name(s) Posltlon Date Mary Cooper Churchwarden Alastair Roy MacGregor Churchwarden LHazo ZL z024
St Andrebrfs, Stapleford Parochial Church Council CHARITY COMMISSION FOR ENGIAND ANO WALES Independent examiner's report on the accounts Section A Independent Exarniner's Report Report to the tnvJteesl members of St Andrew's Stapleford Parochial Church Council On acGounts for the year ended 31 December 2020 Charity no (rfany) 1158492 Set out on pages 10t020 I report to the trustees on my examination of the accounts of the above charity nhe Trusf) for the year ended 31 Drnber 2020. Responsibilities and basis of raport As the charity's trustees. you are responsible for the preparation of the accounts in accordan with the requirements of the Charities Act 2011 (Ihe Acr). I report in respect of my examination of the Trust's accounts rnrried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5){b) of the Act. Independent I have completed my examination. I confim that no material matters have examiner's statement come to my attention in connection with the examination which gives me ause to believe that in. any material respect.. the accounting records were not kept in accordance wtth section 130 of the Charities A¢#; or the accounts did not accord with the accounting rècords: or the accounts did not comply with the applicable requirements conceming the fonn and content of accounts sel out in the Charitie5 (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a Irue and fairf view which is not a matter onsidered as part of an independent examination. I have no concems and have come across no olher matters in connection with the examination to whi¢h attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. Signed: Date: 2/1 14 Zo 24 Name: Keith Haddow Relevant professional FCA qualification{s} or body (rf any): Address: 24 Mingle Lane. Stapleford. Cambs
St AndreWs. Stapleford Parochial Church Council Statement of financial Aclivithes (including Income arKI Expendlture Acciwnt) For the year ended 31 December 2020 Unrestricted funds Restrirted fund5 2020 Total 2019 Totsl Incoming resources: Donations and legacie5 Charitable activitie5 Other ordinary incoming resoL5rces 53,791 763 8.115 61,906 763 61,262 2,469 35,1Kll 31.069 4.139 35.208 Investments 3,740 3,740 3,856 Total incoming resources 89.363 12.254 101.617 102,588 Resources expended: Raising funds Charitable artivities 114,5631 169.4581 114,5631 {80.1961 117,6281 184,0441 110,7381 Total resources expended 184.0211 110,7381 194,7591 1101,6721 Net incoming resour¢es before other gains and losse5 5,342 1.516 6,858 916 Gains on investments 4.879 4,879 13,052 Net movement in funds 10.221 1.516 11.737 13,968 Reconciliation of funds Total funds brought forward Total funds carried fOard 145.855 156,076 30,091 31,607 175.946 187,683 161,978 175,946 The statement of financial activities includes all gains and losses in the year. All income and expenditure derive5 from continuing actNlties. The notes on pages 12 to 20 forni part of these financlal statements. io
St Andrev/s, Stapleford Parochial Church Council Balance Sheet As at 31 December 2020 Unrestrlcted fvnds Restricted fund5 2020 Totsl 2019 Total Fixed assets Tangible a55ets Investments 528 528 113,461 113,989 1,241 108,582 109,823 113,461 113,989 Sub-total Crnt assets Debtors Cash at bank and in hand Sub-total 1,711 53.798 55.5C 2.111 85.005 87,116 8,671 72,341 81,012 31.207 31,607 Current liabllitie5 Creditors- amounts falling due within one year 113,4221 {13.4221 114,8891 Net current a55ets 42,087 31.607 73.694 66,123 Total assets less current liabilities 156.076 31,607 187,683 175.946 Totsl net assets 156,076 31.607 187.683 175.946 The funds of the charity Restricted funds Unrestricted funds 12 31.607 31,607 156,076 30,091 145.855 12 156,076 Totsl fund5 156.076 31,607 187.683 175,946 The notes on pages 12 to 20 form part of these financFal ststements. Approved by the Trustees on Signature{s) Full Name(s} Position Mary Cooper Churchwarden Alastair Roy MacGregor Churchwarden li
St Andrev/s, Stapleford Parochial Church Council Notes to the Flnancial Statements For the year ended 31 December 2020 l. Accountlng Pollcies The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: (al Basls of preparation The financial statements have been prepared under the Charities Act 2011 and in accordan wlth the Statement of Recommended Prattice for Accountin8 and Reporting by Charities120151, the Financial Reporting Standard FRS 102 and relevant church accounting regulations. The charity constitutes a public benefit entty a5 defined by FRS 102. Assets and liabilities are in¢tIal recognised at historical cost or transaction value unless otherwise stated in the relevant accounting poliry notels)- Ibl Goingconcem The financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have considered the level of funds held and the experted level of income and expenditure for 12 months from approving these financial statements. The bLtdgeted intome and expenditure is sufficient with the level of reseThes for the charity to be able to continue as a going concern. (c) Income All income is included in the Statement of Financial Artivities when the charity 15 entitled to the income and the amount can be quantified with reasonable accurary. Income is allocated as unrestritted and restricted in accordan with fund accounting rules. The following specific policies are applied to particular categories of income- Income from donations and legacies includes grants and donations and is included in full in the Statement of Financièl Activities when recervable. Grants, where entitlement is not conditional on the delivery of a specific perf0mlan by the charity, ore recogni5ed when the charity becomes uncondttionalty entitled to the grant. Legacies are included in the Statement of Financial Activities when the Charity become5 aware of its entitlement to the gift and the amount involved can be quantified. Income from investments is included when receNable. Income from other trading activities is accounted for when eamed. 12
St Andrevf s. Stapleford Parochial Churth Council {dl Expenditure Expenditure is recognised on an accrual basis a5 a liability is IncUrd. split between unre5tritted and restricted funds. Expenditure on raising funds comprises the costs associated with attracting donations and legacies and the costs of other trading artivities. Expendwture on charitable artivitres comprises those cost5 incurred in the delrvery of services to beneficiaries. It includes both costs that can be allocated directly to such artivities and those costs of an indirect natu necessary to support them. Govemance costs are those associated with meeting the constitutional and statutory requirements of the charity including costs linked to the strategic management of the charity. Identifiable direct costs are allocated between expenditure categories of the Statement of Financial Activities on an artual basis, all other costs are allocated on a departmental 'head count, basis. lel Consecrated and beneflce property Consecrated and benefice property of any kind is excluded from the financial ststements by Settion 1012113) & Icl of the Charities Act 2011. If) Tangible red assets Individual fixed assets costing more than £750 are capitalised at cost. Depreciation is provided on all tangible fixed assets at rates calculated to write off the cost over their expected usefijl economic lives as follows: Electronic equipment 33% straight line basis (g) Investments Investments quoted securwties and property investments are stated at market value at the balance sheet date. The Statement of Financial Activities includes the net gain5 and losses arising on revaluations throughout the year. {h) Fund accounting Unrestricted fvnds are available for use at the discretion of the Trustees in furtherance of the general objectives of the charity. Designated funds have been set aside from unrestrirted funds by the PCC for speclflc reasons. Restricted funds are subjected to restrictions on their expenditu imposed by the donor. li) Taxation The chaftty is exempt from corporation tsx as surplus income and gains are applied for charitable purposes. ti) Finance and operntlng leases Rentals applicable to operating lease5 are charged to the Statement of Financial ActNities over the period they are incurred. The charity has no finance lease5 at present. 13
St Andrebrfs, Stapleford Parochial Church Council 2. Incoming resources Unrestrirted 2tr10 Total 2019 Total Donations and legacies: Donations and gift5 Giftaid 43.268 10.523 53,791 7.730 385 50,998 10,908 61,906 50,407 10,855 61,262 Sub-total 8,115 Charitable activities- Fee income 763 763 2.469 Other ordinary incoming resources= Hall hire Magazine sales & advertising Other income Sub-total 3,584 16,285 15,339 35,208 11,089 16,566 7,346 35,lJOI 16.285 11,2CKJ 31,069 4.139 4,139 Income from investments- Interest income 3.740 3.740 3.856 Total incoming resources 89,363 12,254 101,617 102,588 Please refer to Note 3 for associated resources expended. 14
St AndreWs, Stapleford Parochial Church Council 3. Resources expended Restrlrted 2020 Total 2019 Totsl Expenditure on raising fund5- Magazine printing costs Other trading activities- hall upkeep Hall repairs & maintenance Sub-total 9,248 4,299 1,016 14,563 9,248 4,299 1.016 14.563 10,488 6.041 1,099 17,628 ExpenditL¢re on charitable activities: Ministry share Administrative costs 27.487 10.314 2,955 2,439 4,062 27,487 10.359 2,955 2.439 9,408 28,456 11,658 2,682 2,134 6,933 740 45 Insurance Repairs & maintenance Events & entertaining Missions & charities 5,346 1,759 5.347 7,106 608 9.592 997 Upkeep of services Cholr, robe5 & music Youth work & education Depreciation Sub-total 8,288 10.833 713 8,288 10.833 713 8,196 11,944 712 69.458 10.738 80,196 84.044 Total resources expended 84,021 10,738 94.759 101,672 4. Staff tosts 2020 2019 Salary costs National insurance contribution Total staff costs 13.775 18 3,802 26 13.793 3,828 The average number of employees during the year was 1.812019= 0.5)
St Andrev/s, Stapleford Parochial Church Council 5. Tangible Fixed Assets Elertronlc Equipment Cost At l January 2020 and 31 December2020 2,137 Depreciation At l January 2020 Charge in year At 31 December 2020 896 713 1,609 Net book value at 31 December 2020 528 Net book value at 31 December 2019 1,241 The PCC owns the freehold of the Johnson Hall and VerBerfs Cottage which it acquired from the dloce5e in 1954. This asset was not capitalised in the accounts of prior periods and the trustees have decided there is no material benefrt in obtaining a fomial valuation. For insurance purposes, the property was valued at £2,91XJ,C(Q on the last renewal date in September 2020. 6. Fixed A55et Investments Unrestricted 2020 2019 CCLA share fund investment: At l January Gains on revaluation 86,526 5,974 92,500 72,880 13,646 86,526 Market value at 31 December CCLA property fund investment: At l January ILosseslon revaluation Market value at 31 December 22,056 11,0951 20.961 22,650 15941 22,056 Total market value of investments at 31 December 113,461 108,582 16
St Andrev/s, Stapleford Parochial Church Council 7. Debtors Unrestrlcted 2020 2019 Debtors 8,170 501 Prepayments 271 271 Total 1,711 4CX) 2,111 8,671 8. Cash at bank and in hand Unrestrirted Restrfrted 2020 2019 Cash at bank 53.798 31,207 85,005 72,341 9. Credltors: amounts falling due within one year Unrestrirted Restrirted 2020 2019 Creditors 645 645 2,096 366 Accruals 190 190 Deferred income 12,587 12.587 12,427 Total 13.422 13,422 14.889 10. Lease c¢)mmitments 2020 2019 Total value of future photocopier rentol payments 4.257 528 11. Transartlons with trystees and related parties No trustee received any remuneration during the year12019- Nill. Expenses amounting to £17512019: £3751 were reimbursed to one trustee12019- Onel- There were no related party trartsartions {2019: None). 17
St Ands, Stapleford Parochial Church Council 12. Funds Movement during 2019 31 December 2019 Movement durlng 2020 31 December 2020 January 2019 Restritted funds: Estate fund 11,179 11,255 5,855 1,728 74 17,034 12,983 74 1,423 13081 401 18.457 12,675 475 Nachingwea fund Children's Society & Warden Scheme Total Restricted funds 22,434 7.657 30.091 1,516 31,607 Unrestricted funds: Johnson Hall fund 13,620 48,397 77.527 3.949 2.362 17,569 50,759 77.527 8,269 13,0311 25.838 47.728 77,527 General fund Legacy fund Designated funds: Messenger Fund 4,983 4,983 Total Unrestricted funds 139,544 6.311 145,855 10,221 156,076 Total funds 161,978 13,968 175,946 11,737 187,683 l. Restricted Funds Ertate Fund The Estate fund was established to fund major repairs to the church largely. but not exclusive, arising OLIt of the quinquennial inspection. It is primarily supported by two Stapf0rd village charities. Although these are independent of the PCC. the Parish Priest and the churchwardens seNe as trustees of both charities. The Feoffees charrty regutarly gives three-frfths of tts income each year,. it gave £3,405 in 202012019: £6.181). The Frtends of St AndreS raises fvnd5 forthe long-temi maintenance of the church fabric. Any request from the PCC is considered by the trustees of The Friends on its merft. £1.250 was recer¥ed from thbs source in 202012019= nill. Nachin ea Fund The Nachingwea fund ceIVeS money from regulaf donations. specific appeals and fund-raising event5.lts funds are applied in support of St Andrevfs church in Nachingwea, Tanzania and its parishioners.
St Andre5, Stapleford Parochial Church Counol Other The church operates two other small funds for causes which rt 5UPPOrts. The Children's Soclety fund. which has been established for a numberof years, and the Community Warden Scheme fund which was set up in 2019. Both receive money from occasional events or8ani5ed by the PCC. During the year, income into The Children's Society fund was £69212019: £1,541) and expendlture was £69212019: £1,4671- Income into the Community Warden Scheme fund was £59312019.. £1.2251 and expenditure was £19212019= £1.2251. The net income of these funds was £401 12019.. £741. 2. Unrestricted Funds Althou8h separate record5 are maintained for administratwe purposes. these funds are collectively available to the PCC to utili5e a5 It deems appropriate. Apart from the Messenger Fund. these funds have not been designated for any particular purpose." the separate headings are è record of where the funds have been sourced. Johnson Hall Fund Profits/llosses1 on the operation of the hall are accumulated in this fund and it is experted that they will be called upon first in the event of any maintenance costs. The source of this fijnd was a signvficant legacy with no conditions attached. This fijnd constltutes the bulk of the PCC'S investment portfolio which generates an Income for generèl use. General Fund This fund receives Its income primarily from member donations, the magazine and other routine parochial artivitie5. It funds the day-to-day operations of the PCC and the dI0San share. Desl nated Fund- Messen r Fund In 2019 and 2020. the PCC allocated a proportion of the surplus generated by the parish magazine (The Stapleford Messenger) to 5UPPOrt local charitable and other village-related activities. The PCC established a new designated fund to re1ve these monies. Due to the pandemic, no payments were made from this fund in 2020 and, as at the 31 December 2020. none of the balance on this fund had been committed to any particular cause. Balance at l January 2020 Transfer in from General Fund Balance at 31 December 2020 4,983 4.983 19
St Andrev/5, Stapleford Parochial Church Council 13. Analysls of net assets between funds 2020 Restrlcted Unrestricted Oesignated Total Fixed assets Tangible assets Investments 528 528 113.461 113,461 Current assets Debtors Cash at bank and in hand 1,711 48,815 2,111 85,005 31.207 4,983 Current liabllitles Creditor5.' due within one year {13.4221 113,4221 Net assets 31.607 151.093 4,983 187,683 2019 Restrirted Unrestricted Totsl Flxed assets Tangible assets Investments 1.241 108,582 1,241 108,582 Current assets Debtors Cash at bank and in hand 6.233 25.039 2.438 47,302 8,671 72.341 Current liablllties Creditors.. due wrthin one year {1.1811 113.7081 114,8891 Net assets 30,091 145.855 175,946 20