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2020-12-31-accounts

ten ts Page
1. Annual Report 3-13
Administrative
Information,		 Structure, Governance and Management
Aims and Purpose
List of Members
Membership
Objectives
and Activities
Achievements
and Performance
Deanery Synod Report
Safeguarding
Report
Building and Fabric Report -StJames
Building
and Fabric Report- St Peters
Financial
Review and Reserves Policy
Parish Finance Review
StJames Finance Review
St Peters Finance Review
Statement
of Members
Responsibilities
2. Independent
Examiners
Report		 14
3. Statement
of Financial
Activities		 15
4. Statement
of Financial
Position (Balance Sheet)		 16
5. Statement
of Cashflows		 17
Notes to the Financial Statements
(1-19)		 18-28

List of Me List of Me mb ers
PCC members who have served from 1"January 2020 until the date this report was approved are:
Vicar Rev David Keen Chairman
Associate Minister Rev Ruth Chapman
Readers Mr. Christopher
Harris
Church Wardens StJames Mr. Graham
Hardacre
StJames Mr. Barry Julier
StPeters Mrs. Caroline Turner
StPeters Mrs. Annie
Nixon		 (Appointed 11.10.2020)
Mrs Jackie Parsons PCC Secretary
Deanery Synod StJames Miss Linda Mason (Resigned 18.10.2020)
StPeters Mrs. Margaret
Hamilton
St Peters Mr. Mike Nixon (Appointed 11.10.2020)
StJames Mr Christopher
Harris		 (Appointed 18.10.2020)
StJames Mr John Hanson (Appointed 18.10.2020)
Elected Members
StJames Yr 3 Mr. Michael Cox Safeguarding Officer
StJames Yr 3 Mr. Mark Felstead
StJames Yr 3 Mr. Mike Eaton
StJames Yr 3 Mr, Agostino Colaco
StJames Yr3 Mr. lan Holloway Health tt Safety Officer
StJames Yr 2 Mr. Rob Kirton StJames tt PCC Treasurer
StJames Yr 2 Mr. Douglas Beard
StJames Yr 2 Mrs. Pam Kirton
StJames Mrs Maureen
Harris		 (Resigned 18.10.2020)
StJames Ms. Amanda
Felstead		 (Resigned 18.10.2020)
StJames Yr 2 Mrs Jo Cox
St Peters Yr 1
StPeters Yr 1		 Mrs. Kristi Baker
Mrs. Frances Croxford		 (Appointed
(Appointed		 18.10.2020)
18.10.2020)		 StPeters Treasurer
St Peters Yr 1 Mrs. Rhoda Wilson (Appointed 18.10.2020)

otes Unrestricted
Funds		 0esi9nated
Funds		 Restricted
Funds		 Year to
Date		 PrIor
Year
Income
Charitable
Activities
Grants and Donations		 4(a)
4(b)		 80,867
13,629		 31,960
2,369		 9,813
28,670		 122,640
44,668		 101,761
793,836
Income from investments
Activities for Generating		 Funds 4(c)
4(cl)		 57
7,370		 10
4,476		 118
15,470		 185
27,316		 807
36,684
Total Income 101,923 38,815 54,071 194,809 933,088
Expenditure
Cost of Events and Activities 5(a) 363 4,576 3,535 8,474 15,872
Mission and Charitable
Giving
Directly relating
to the Church
Major Capital Costs
Other Costs
Total Expenditure		 5(b)
5(c)
5(d)
5(e)		 3,352
90,645
1,136
3,553
99„049		 2,483
3,113
11,074
217
21,463		 0
25,845
26,122
1,987
57,489		 5,835
119,603
38,332
5,757
178,001		 4,786
115,512
796,035
10,512
942,717
Net Income
/ Ex enditure		 2,874 17,352 3,418 16,808 9,629
Fund Balances
Fund Balances B/F 29,842 9,195 69,785 108,822 118,451
Transfers
Between Funds		 19,081 (18,771) (310) 0 0
48,923 (9,575) 69,475 108,822 118,451
Fund Balances C/F 6 51,797 7,776 66,057 125,630 108,822

As at 31 Dec ember 2020
Account Notes Unrestricted
Funds		 Designated
Funds		 Restricted
Funds		 Year
ending 31
Dec 2020		 Prior Year
end 31 Oac
2019
Fixed Assets
Total Fixed Assets 0 0
Current Assets
Debtors and Prepayments 4,353 201 2,891 7,445 5,911
Cash at bank and in hand
StJames 9 31,578 2,098 19,826 53,502 79,599
St Peters 10 16,472 6,477 63,825 86,774 84,829
Total Cash at bank and in hand 48,050 8,575 83,651 140,276 164,428
Total Current Assets 52,403 8,7?6 86,542 147,721 170,339
Creditors: amounts
falling
Creditors
and Accruals		 due within one year
11		 606 1,000 485 2,091 31,517
Total Creditors: amounts
falling		 due within one year 606 1,000 485 2,091 31,517
Net Current Assets (Liabilities) 51,797 7,776 86,057 145,630 138,822
Total Assets less Current Liabilities 51,797 7,776 86,057 145,630 138,822
Creditors: amounts
falling due after more
STJames Loan		 than
12		 one year 0 20,000 20,000 30,000
Total Creditors: amounts
falling		 due after more 0 20,000 20,000 30,000
than one year
Net Assets 51,797 7,776 66,057 125,630 108,822
Funds and Reserves
Fund Balances - StJames
Fund Balances - Sl Peters		 33,737
18,060		 2,630
5.146		 500
65,557		 36,867
88.763		 24,359
84,463
Total Funds and Reserves 51,797 7,776 66,057 125,630 108,822

2020 2019
F.
Net cash generated
in operating
activities		 (24,152) 2,879
Change ofcash and cash equivalents
in the year		 (24,152) 2,879
Cash and cash equivalents
brought
forward		 164,428 161,549
Cash and cash equivalents
carried forward		 140,276 164,428
Reconciliation
of net movement
in funds to net
cashflow from operating
activities
Net Income/(Expenditure)
as Statement
of Financial
Activities		 16,808 -9,629
Depreciation
(Increase)/decrease
in debtors		 (1,534) 9,808
Increase/(decrease)
in creditors		 (39,426) 2,700
Net cash generated
in operating
activities		 (24,152) 2,879

A nnual
Report and F		 i nancial S tatements
fo		 r the Year ending 31 "Decem ber 2020
unrestricted Designated
Funds		 Restricted
Funds		 Year to
Date		 Prior Year
4(a). Charitable
Activities
Planned
Giving - Gift Aided		 Donations 53,515 35 6,053 59,603 59,834
Planned
Giving -Other		 5,122 0 1,919 7,041 3,622
Collections -Open plate 4,747 942 0 5,689 13,160
Special Collections 195 0 0 195 2,786
Gift Aid Recovered and Due 17,288 5,055 1,841 24,184 22,359
Gift days 0 25,928 0 25,928 0
Total Charitable
Activities		 80,867 31,960 9,813 122,640 101,761
Unrestricted Designated
Funds		 Restricted
Funds		 Year to
Date		 Prior Year
4(b). Grants and Donations
Donations
and Appeals
—St		 James 8,081 914 2,300 11,295 23,864
Donations
and Appeals
—St		 Peters 5,548 1,455 920 7,923 17,001
Legacy - StJames 0 0 0 0 10,000
Grants 0 0 25,450 25,450 742,971
Total Grants and Donations 13,629 2,369 28,670 44,668 793,836
Unrestricted Designated
Funds		 Restricted
Funds		 Year to
Date		 Prior Year
4(c). Income from Investments
Bank Interest Received 57 10 118 185 807
Total Income from Investments 57 10 118 185 807
Unrestricted Designated
Funds		 Restricted
Funds		 Yearto
Date		 Prior Year
4(d). Activities for Generating Funds
Fees Received - Wedding 1,149 -100 0 1,049 2,395
Fees Received - Funerals 3,119 0 0 3,119 3,907
Fees received - Other 0 0 0 0 162
Fees Received - Oue to DBF 0 4,575 0 4,576 4,787
StPeters Community
Centre Letting		 0 0 13,646 13,646 2,766
Parish Weekend
Income		 0 0 0 0 6,995
Mums and Toddlers Income 288 0 0 288 1,825
Fund Raising - StJames 883 0 0 883 3,802
Fund Raising - St Peters 400 0 1,825 2,225 4,859
Lettings
—StJames Church		 1,530 0 0 1,530 3,437
Lettings - St Peters Church 0 0 0 0 1,395
Other Income - StJames 0 0 0 0 351
Other Income - St Peters 0 0 0 0 3
Total Activities for Generating Funds 7,370 4,476 15,470 27,316 36,684

Annual
Report and Fi		 na ncial S tatements
f		 or the Year ending 3 1"Decem ber 2020
Unrestricted Designated
Funds		 Restricted
Funds		 Yearto
Date		 Prior Year
5(a).Cost of Events and Activities
Heat and Light Community
Centre		 0 0 1,977 1,977 642
Insurance
- Community
Centre		 0 0 311 311 2,052
Venue
Hire		 363 0 0 363 8,391
DBF - Parochial Fees Paid 0 4,576 0 4,576 4,787
Bursary Awarded
- Community		 Centre 0 0 1,247 1,247 0
Total Cost ofEvents and Activities 363 4,576 3,535 8,474 15,872
Unrestricted Designated
Funds		 Restricted
Funds		 Year to
Date		 Prior Year
5(b). Mission and Charitable
Giving
Church
Giving Transfers
from General		 3,157 -3,157
Parish Mission and Charity
Giving
Payments
re 2020
Christians
Against		 Poverty 1000 1000 500
Counselling
for Yeovil		 1000 1000 500
Lords Larder Food Bank 1000 1000 500
Yeovil Street Pastors 1000 1000 500
Payments
RE2019
Christians
Against		 Poverty 410 410
Counselling
for Yeovil		 410 410
Lords Larder Food Bank 410 410
Yeovil Street Pastors 410 410
Special Collections 195 195 2,786
Total Mission and Charitable
Giving		 3,352 2,483 5,835 4,786
Unrestricted Designated
Funds		 Restricted
Funds		 Year to
Date		 Prior Year
5(c).Directly Relating to the Church
Diocesan Quota
Diocesan Quota - StJames 60,225 0 60,225 65,820
Diocesan Quota
—St Peters		 13,031 0 13,031 11,331
Total Diocesan Quota 73,256 0 73,256 77,151
Clergy Expenses 1,718 0 1,718 2,046
Youth Work Expenses 120 40 161 1,097
Children's
Work Expenses		 735 0 735 1,406
Heat and Light
StJames 2,700 2,700 6,123
St Peters 500 500 998
Total Heat and Light 3,200 3,200 7 121
Insurance
Insurance
-StJames		 853 0 0 853 1,026
Insurance
-St Peters		 78 0 0 78 193
Total insurance 031 0 0 031 1,218
Water Rates 81 0 90 171 162
Repairs and Maintenance 2,614 3,073 1,756 7,443 6,289
9101)Cagta 7,991 0 23,999 31,990 19,023
Total Directly Relating to the Church 00,645 3113 25,845 110,603 115,512

Unrestricted Designated
Funds		 Restricted
Funds		 Yearto
Date		 Prior Year
5(d). Major Capital Costs
St Peters Re decorating Costs 0 11,074 0 11,074 14,795
St Peters Community Centre 0 0 24,903 24,903 776,507
Equipment Purchased 1,136 0 1,219 2,355 4,733
Total Major Capital Costs 1,136 11,074 26,122 38,332 796,035
UnreStricted Designated
Funds		 Restricted
Funds		 Year to
Date		 Prior Year
5(e). Other Costs
Telephone 624 0 280 904 838
Stationary 704 0 55 759 1,123
IT and Software 219 0 110 329 2,470
Bank Fees 213 0 279 492 450
Sundry Expenses 1,313 217 1,023 2,553 4,731
Independent Examination Fee 480 0 240 720 900
Total Other Costs 3,553 217 1,987 5,757 10,512

Balance 9/F Transfers Balance C/F
as at 31Dac Incornlna Resources Between as at 31Dac
2019 Resources Expended Furids 2020
Unrestricted Funds
StJames General Fund 16,943 76,773 -79,060 19,081 33,737
St Peters General Fund 12,899 25,150 -19,989 18,060
~di tdr d Total Unrestricted Funds 29,842 101,923 -99,049 19,081 51,797
Parish
Giving fund		 —See point 4 below 2,634 2,21/ -2,483 2,368
Due to DBF Fund 0 4,576 -4,576 0
Gift Day —StJames 18,771 -18,771 0
Gift Day - St Peters 12,341 -12,341 0
Wedding Fund 100 -100 0
Flower Fund 262 262
Other Designated Funds 0 0
St Peters Church Reorg Fund 5,296 1,009 -14,147 12,341 4,499
St Peters Tea And Toast Fund 686 1 -40 647
St Peters Other Designated Fund 217 -217 0
Total Designated Funds 9,195 38,815 -21,463 -18,771 7,776
Restricted
Funds
Parish Youth Fund 19,867 6,319 -15,450 10,736
StJames Reordering Fund -15,757 5,794 -273 -10,236
StJames Bell Fund 310 -310 0
St Peters Community Centre -See Note 19 65,365 41,958 -41,766 65,557
Total Restricted Funds 69,785 54,071 -57,489 -310 66,057
TOTAL FUNDS 108,822 194,809 -178,001 0 125,630

Parish
Gwing Fun		 d
StJames St Peters Total
8/F 2634 0 2634
TRF from General funds 2,352 805 3,157
Lent and Advent Giving 1,661 556 2,217
PAID out -5,640 -5,640
Balance Transfer from St Peters 1,361 -1,361 0
Balance C/f 2,36B 0 2,36B

Unrestricted
Funds		 Designated
Funds		 Restricted
Funds		 Yearto
Date		 Prior Year
7.Fixed Assets
Accumulated
Depreciation		 0 (9,600) 0 (9,600) (9,600)
Fixed assets 0 9,600 0 9,600 9,600
Total Fixed Assets 0 0 0 0 0
Unrestricted
Funds		 Designated
Funds		 Restricted
Funds		 Yearto
Date		 Prior Year
8.Debtors and Prepaymsnts
Accounts Receivable 0 0 2,196 2,196 1,122
Owing Between St James and StPeters (10) 10 0 0 0
Gift Aid Due - StPeters 1,921 20 0 1,941 715
Gift Aid Due - StJames 1,800 0 675 2,475 3,701
Church
Banking		 0 0 0 0 373
Prepayments 641 171 21 833 0
Total Debtors and Prepayments 4,352 201 2,892 7,445 5,911
Unrestricted
Funds		 Designated
Funds		 Restricted
Funds		 Yearto
Date		 Prior Year
9.Cash at Bank and in Hand - St James
StJames Church
Current Account		 6,777 1,440 7,525 15,742 52,430
StJames Church Reserve Account 24,801 658 12,301 37,760 27,169
Total Cash at Bank and in Hand - St James 31,578 2,098 19,826 53,502 79,599
Unrestricted
Funds		 Designated
Funds		 Restricted
Funds		 Year to
Date		 Prior Year
10.Cash at Bank and in Hand - St Peters
St Peters Church
Current Account		 3,739 2,681 0 6,420 7,998
St Peters Church
Deposit Account		 8,311 3,796 38,162 50,269 50,230
St Peters Community
Centre Current Account		 0 0 2,448 2,448 0
StPeters Community
Centre Deposit Account		 0 0 1,150 1,150 435
Community
Centre Pre paid Pockit Card		 0 0 210 210 0
St Peters Church CCLA account 4,419 0 21,855 26,274 26,163
StPeters Petty Cash
Total Cash at Bank and in Hand - St Peters		 3
16,472		 0
6,477		 0
63,825		 3
86,774		 3
84,829
Unrestricted Designated Restricted Year to Pr'lor' Year'
Funds Funds Funds Date
11.Creditors
and Accrue(a
StJames - Diocese Quota Due 0 0 0 0 (27,214)
Accruals
-StJames		 (305) (1,000) 0 (1,305) (2,712)
Accrual s - StPeters (301) 0 (485) (786) (1,427)
PAYE/
Nl Liability Account		 0 0 0 0 (24)
Pension
Liability		 0 0 0 0 (141)
Net Wages Control 0 0 0 (0) 0
Total Creditors
and Accruals		 (606) (1,000) (485) (2,091) (3(,517)

Annual
Report an		 d Financial State ments
for the		 Year ending 31"Decem ber 202 0
unrestricted
Funds		 Designated
Funds		 Restricted
Funds		 yearto
Date		 p I y
12.Creditors due after one year
StJames Reordering Loan from Diocese 0 (20,000) (20,000) (30,000)
Total Creditors due after one year 0 (20,000) (20,000) (30,000)

Unrestricted Designated Restricted Year to Date Prior Year
Funds Funds Funds 31 Dec 2020 31 Dec 2019
Income
Charitable
Activities		 61,689 19,518 9,813 91,020 83,572
Grants and Donations 8,081 914 2,300 11,295 40,464
Income from Investments 33 0 0 33 47
Activities for Generatmg Funds 6,970 4,476 0 11,246 27,661
Total Income 76,773 24,908 12,113 113,794 151,743
Expenditure
Cost of Events and Activities 363 4,576 0 4,939 13,088
Mission and Charitable Giving 2,547 1,927 0 4,474 2,933
Directly relatmg
to the Church		 73,669 0 15,450 89,119 93,974
Other Costs 2,481 0 273 2,754 7,343
Total Expenditure 79,060 6,503 15,723 101,286 117,338
Net Income
/ (Expenditure)		 (2,287) 18,405 (3,610) 12,508 34,406
Fund Balances
Fund Balances B/F 16,943 2,996 4,420 24,359 (3,110)
Transfers
Between Funds		 19,081 (18,771) (310) 0 (6,937)
Total Fund Balances 36,023 (15,775) 4,110 24,359 (10,047)
Fund Balances C/F 33,737 2,630 500 36,867 24,359
Unrestricted
Funds		 Designated
Funds		 Restricted
Funds		 Year to Date Prior Year
Funds and Reserves
StJames Church
Current Account		 6,778 1,440 7,524 15,742 52,430
StJames Church Reserve Account 24,801 658 12,301 37,760 27,169
Gift Aid Due - StJames 1,800 0 675 2,475 3,701
Owing Between StJames and St Peters 27 1,361 0 1,388 1,149
Accruals - StJames (305) (1,000) 0 (1,305) -2,877
Prepayments 636 171 0 807 .0
StJames - Diocese Quota Due 0 0 0 0 -27,214
Loan 0 0 -20,000 -20,000 -30,000
Total Funds and Reserves 33737 2,630 500 36,867 24,359

For the year end ed 31 Decemb er 2020
Unrestricted Designated Restricted Year to Date Prior Year
Funds Funds Funds 31 Dec 2020 31 Dec 2019
Income
Charitable
Activities		 19,176 12,442 0 31,620 18,189
Grants and Donations 5,548 1,455 26,370 33,373 753,372
Income from Investments 24 10 118 152 760
Activities
for Generating		 Funds 400 0 15,470 15,870 9,023
Total income 25,150 13,907 41,958 81,015 781,345
Expenditure
Cost of Events and Activities 0 0 3,535 3,535 2,784
Mission and Charitable Giving 805 556 0 1,361 730
Directly relating
to the Church		 16,976 3,113 10,395 30,484 22,662
Major Capital Costs 1,136 11,074 26,122 38,332 796,035
Other Costs 1,072 217 1,714 3,003 3,169
Total Expenditure 19,989 14,960 41,766 76,715 825,379
Net Income
/ (Expenditure)		 5,161 (1,053) 192 4,300 (44,034)
Fund Balances
Fund Balances B/F 12,699 6,199 65,365 84,463 121,561
Transfers
Between Funds		 0 0 0 0 6,937
Total Fund Balances 12,899 6,199 65,365 84,463 128,498
Fund Balances C/F 18,060 5,146 65,557 88,763 84,463
Unrestricted Designated Restricted Year to Date Prior Year
Funds Funds Funds 31 Dec 2020 31 Dec2019
Funds and Reserves
St Peters Church
Current		 A/c 3,739 2,681 0 6,420 7,998
St Peters Church
Deposit		 Account 8,311 3,796 38,161 50,269 50,230
St Peters Community
Centre Current Account		 0 0 2.448 2,448 0
StPeters Community
Centre Deposit Account		 0 0 1,150 1,150 435
Community
Centre Prepaid		 Pockit Card 0 0 210 210 0
St Peters Petty Cash 3 0 0 3 3
St Peters COLA Account 4,419 0 21,855 26,274 26,163
0
Prepayments
and Accruals
Gift Aid Due - St Peters 1,921 20 0 1,941 715
Accounts
Receivable		 0 0 2,196 2,196 1,122
Prepayments 5 0 21 26 0
Church
Banking		 0 0 0 0 373
Accruals - StPeters (301) 0 (485) (786) (1,427)
Owing Between StJames and St Peters (37) (1,351) 0 (1,388) (1,149)
Total Funds and Reserves 18,060 5,146 85597 88,763 84,483

For the year ended 31 D ecembe r 2020
Accouirt General
Running
Fund		 F
d
Bursary		 Grant
Funding
CCSF		 Grant
Funding
SCF		 Salary
Reserve
Fund		 Car
Park
Fund		 Build/
Maintenance
Fund		 Total for
the year
income
Grants
Donations
and Appeals
Bank Interest Received
Community
Centre Lettings
Fund Raising
Total Income		 10,000
920
118
13,646
1,825
26,508		 0
0
0
0
0
0		 8,750
0
0
0
0
8,750		 6,700
0
0
0
0
6,700		 0
0
0
0
0
0		 0
0
0
0
0
0		 25,450
920
118
13,646
1,825
41,958
Expenditure
Staff Costs
Insurance
Utility Bills
Bursary Awarded
Equipment
Purchased
Ma/or Works - Commumiy
Centre 8uild
General Repairs and Maintenance
Sundry Expenses
Independent
Examination
Fee
Total Expenditure		 3,549
311
1,947
0
578
0
2,385
565
240
9,575		 0
0
0
1,247
0
0
0
0
0
1,247		 5,000
0
0
0
641
0
0
0
0
5,641		 0
0
400
0
0
0
0
0
0
400		 0
0
0
0
0
24,903
0
0
0
24,903		 8,549
311
2,347
1,247
1,219
24,903
2,385
565
240
41,766
Net Income
/ (Expenditure)		 16,933 (1,247) 3,109 6,300 0 0 (24,903) 192
Fund Balances B/f 42,965 0 0 0 0 0 22,400 65,365
Transfers
Between Funds		 (45,000) 3,000 0 (3,000) 15,000 20,000 10,000
Fund Balances C/F 14,898 1,753 3,109 3,300 15,000 20,000 7,497 65,557