REGISTERED CHARITY NUMBER: 1159466
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
FOR
WEST HAM ALL SAINTS PCC
Brindley Millen Ltd 167 Turners Hill
Cheshunt Hertfordshire EN8 9BH
WEST HAM ALL SAINTS PCC
CONTENTS OF THE FINANCIAL STATEMENTS for the Year Ended 31 December 2020
| Page | |||
|---|---|---|---|
| Report of the Trustees | 1 | to | 4 |
| Independent Examiner's Report | 5 | ||
| Statement of Financial Activities | 6 | ||
| Balance Sheet | 7 | ||
| Notes to the Financial Statements | 8 | to | 15 |
| Detailed Statement of Financial Activities | 16 | to | 17 |
WEST HAM ALL SAINTS PCC
REPORT OF THE TRUSTEES for the Year Ended 31 December 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
OBJECTIVES AND ACTIVITIES
Aims and Purposes
To promote in the parish and deanery the mission of the Church: to advance the Kingdom of God, to introduce people to Jesus and to pursue pastoral, evangelistic, educational and social ends.
Objectives
In this new period of ministry under the leadership of Rev. Al Gordon and Rev. Simon Nicholls, as part of the SAINT Church of parishes, All Saints, West Ham continue in our commitment to bring HOPE to the people of East London, specifically in the Parish of West Ham. We aim to grow the church community, in order to serve the local community, to the glory of God in the whole of East London.
This new season will look different to previous iterations of ASWH, as we launch new initiatives, welcome in new people and pursue an ambitious vision.
Public benefit
The Trustees confirm they have complied with the Charity Commission's General guidelines on public benefit; Public benefit arises principally in the Parish of West Ham Church of All Saints, and its neighbourhood, and further afield, by the provision of Public Worship Services , Worship space, and charitable events open to all, as an expression of the Christian faith.
ACHIEVEMENT AND PERFORMANCE
Charitable activities
Worship and Prayer
Our pattern of worship is as follows: 11am Parish Eucharist on Sundays.
Our average Sunday attendance has been difficult to determine, given the global pandemic and the closure of the church buildings for a significant proportion of the last year. However, reopening the church on the 14th March 2021 has allowed us to once again gather in real life and to begin to see the church begin to stabilise again.
Morning Prayer meetings on Tuesdays and Thursdays, currently online as part of SAINT.
Baptisms will be held once a term, as necessary.
Sunday worship is further enriched by the dedication of musicians, readers and choristers throughout the Covid pandemic. As the restrictions lift further, we will gradually reintroduce servers, intercessors, and Eucharistic assistants. We are grateful to all those who have served faithfully and bravely during this challenging period.
Our Building
The Avenons extension is continuing to provide additional space predominantly for our own use as a much-valued resource. We will pursue the external rental of this space in order to increase the parish income, as restrictions lift throughout 2021. This will also be used weekly for an active children's work area.
We continue to implement and action the 2016 quinquennial report recommendations and are grateful to our site manager who is responsible for various jobs in the church. 2021 will provide a new opportunity to review the building in detail and to see what works are required.
There will be many items that are required, and which are urgent. These will be reviewed by the PCC once the 2021 quinquennial report has been done.
In light of the mandate from the Church of England, and funding towards a 5-year strategic plan for growth, there will almost certainly be a need to develop and upgrade some areas of the building.
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WEST HAM ALL SAINTS PCC
REPORT OF THE TRUSTEES for the Year Ended 31 December 2020
Everyone Belongs, Everyone Prays, Everyone Gives, Everyone Serves
Everyone belongs: Vital to the life of ASWH are the people. In fact, the church is only its people. The building is there to help facilitate relationships, a gathering point for people and a space in which to worship together. Right at the heart of ASWH are relationships - and whoever comes in to the building will be welcomed into the family.
Everyone Prays: At the heart of a move of God is the prayer life of the people in the area, so key to the 'success' of any new initiatives will be the prayer that surrounds it. It is going to take all of us together; everyone prays.
Everyone Gives: Finances are expanded upon in more detail below, but to see this ambitious vision come to fruition it will also take growth in the congregation and all of us, together, learning generosity; everyone gives.
Everyone Serves: It is important that all who worship with us should look to see where and how they may be involved in the life of this family. But this is more than just filling a gap, it is about ensuring that all of us find our place in the family, serving open heartedly and giving ourselves away to one another. Within the large crew who serve so faithfully, we are fortunate to have a very dedicated PCC and a committed set of Church Wardens who deserve our thanks.
Children, families and young people
During the pandemic, the numbers of children and young people have dwindled and so this area of ministry needs to be rebuilt; this is right at the forefront of our hopes and prayers. Children and young people are vital to the life of the church now and in the future. We will look to grow the crews that serve them, as well as look to build into many areas where we can love and serve young people.
One key area of growth so far is within the relationship to the school. There are weekly assemblies held, currently online, by the team from ASWH and the relationship to the school will continue to grow and deepen. One aim is towards hosting a weekly worship service for the whole school.
As part of the SDF funding (detailed below) we have been given the means to employ a part time 'children and families worker' who will dedicate themselves to growing this part of the family.
Lighthouse
Launched in November 2020, ASWH has been resourced by SAINT to open a foodbank. Lighthouse operates across East London, on five locations, serving thousands of people. In the last year, we have fed 300,000 people.
Thanksgiving
We give thanks to God for the many blessings we receive. We are grateful for all the support from the church family at All Saints, and from all in the wider parish, deanery, and diocese.
FINANCIAL REVIEW
Financial position
We are continually grateful for all the financial support we receive. It is encouraging that our church family members continue to give generously of their time and money. We are also very grateful to Wayne Johnson, who has served so faithfully as treasurer for such a long time, and has passed on his detailed work so diligently to our new Treasurer.
A comprehensive set of accounts is attached.
As a direct result of the closure of the church buildings, for almost six months out of the twelve of 2020, we have recorded large falls in income from offertory plates and space lettings, but also some reduction in operating expenses.
West Ham continued to enjoy support in the form of online donations and grant income; Investment values held up well, showing a small improvement by the 31st December.
Additionally, ASWH has been awarded £300,000 from the Church Commissioners as part of the wider Church of England's Strategic Development Funding to grow the work here in Newham.
The year closed with the Final Net Assets standing at £210,886
Reserves policy
The PCC reviews its reserves on an ongoing basis; immediate cash is held to cover at least one month of expected running costs: Any balance in excess of this will at the PCC's discretion be applied to future maintenance.
Page 2
WEST HAM ALL SAINTS PCC
for the Year Ended 31 December 2020
REPORT OF THE TRUSTEES
FUTURE PLANS
There are a variety of plans to be considered, but there have been significant developments in moving forward with the plan to partner with a group of churches in order to be resourced to grow the work in West Ham. Launched on Sunday 25th April, we are officially SAINT - a Church of Parishes, operating across East London to bring Hope.
In West Ham this has a variety of potential avenues:
- Growing the 11am traditional service, including kids work - Launching Alpha - Children and youth work - Launching new services, in different styles to reach different people groups - Partnering with local schools - Growing Lighthouse
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The charity is controlled by its governing document, a deed of trust and constitutes an unincorporated charity.
Induction and training of new trustees
Trustees are elected at the Annual General Meeting, each individual being subject to vote as prescribed by Church Representation rules. All Trustees are made aware of their individual and collective responsibilities as PCC members and Charity Trustees, open discussion supplementing Church of England and Charity Commission guidelines
REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number
1159466
Principal address
West Ham Parish Church of All Saints Church Street London E15 3HU
Trustees
Revd A Gordon Rector (appointed 18.10.20) Revd S Nicholls Associate Priest (appointed 18.10.20) Ms J Driver Treasurer (appointed 18.10.20) Mrs P Ohuruogu Warden Mrs Z Sandy Warden Mr M Serwadda Warden Mrs E Rayner Deanery Synod Rep (appointed 18.10.20) Mrs L Malcolm Deanery Synod Rep Mr J Famuyiwa Mrs R Umesi Mrs S Cave Secretary Ms K Humphrey Ms J Hazeley Ms S Raine Lay Chair Mr R Reid Deputy Lay Chair Mrs M Amankwa-Dei (resigned 18.10.20) Mr W Johnson (resigned 18.10.20) Revd A Summers (resigned 30.8.20) Mr B Williams (deceased 11.9.20)
Independent Examiner
Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH
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WEST HAM ALL SAINTS PCC
REPORT OF THE TRUSTEES for the Year Ended 31 December 2020
Approved by order of the board of trustees on ............................................. and signed on its behalf by: Jun 24, 2021
..............................................................................Simon R Nicholls (Jun 24, 2021 13:43 GMT+1) Trustee
Page 4
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF WEST HAM ALL SAINTS PCC
Independent examiner's report to the trustees of West Ham All Saints PCC
I report to the charity trustees on my examination of the accounts of West Ham All Saints PCC (the Trust) for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
-
the accounts do not accord with those records; or
-
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 no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
mwbrindley
mwbrindley (Jun 25, 2021 11:24 GMT+1)
Maurice William Brindley BSc FCA Institute of Chartered Accountants in England & Wales Brindley Millen Ltd 167 Turners Hill Cheshunt Hertfordshire EN8 9BH
Jun 25, 2021 Date: .............................................
Page 5
WEST HAM ALL SAINTS PCC
STATEMENT OF FINANCIAL ACTIVITIES for the Year Ended 31 December 2020
| Unrestricted funds Notes £ INCOME AND ENDOWMENTS FROM Donations and legacies 59,778 Charitable activities 3 Charitable Activities 5,412 Investment income 2 52 Total 65,242 EXPENDITURE ON Charitable activities Charitable Activities 68,635 Net gains/(losses) on investments (1,076) NET INCOME/(EXPENDITURE) (4,469) Transfers between funds 12 963 Net movement in funds (3,506) RECONCILIATION OF FUNDS Total funds brought forward 26,283 TOTAL FUNDS CARRIED FORWARD 22,777 |
31.12.20 31.12.19 Restricted Endowment Total Total funds funds funds funds £ £ £ £ - - 59,778 59,459 - - 5,412 27,824 - 3,417 3,469 3,608 - 3,417 68,659 90,891 35 - 68,670 92,300 - 6,818 5,742 16,014 (35) 10,235 5,731 14,605 (1,131) 168 - - (1,166) 10,403 5,731 14,605 1,166 177,706 205,155 190,550 - 188,109 210,886 205,155 |
31.12.20 31.12.19 Restricted Endowment Total Total funds funds funds funds £ £ £ £ - - 59,778 59,459 - - 5,412 27,824 - 3,417 3,469 3,608 - 3,417 68,659 90,891 35 - 68,670 92,300 - 6,818 5,742 16,014 (35) 10,235 5,731 14,605 (1,131) 168 - - (1,166) 10,403 5,731 14,605 1,166 177,706 205,155 190,550 - 188,109 210,886 205,155 |
|---|---|---|
| 90,891 92,300 16,014 |
||
| 14,605 - |
||
| 14,605 190,550 |
||
| 205,155 |
The notes form part of these financial statements
Page 6
WEST HAM ALL SAINTS PCC
BALANCE SHEET
31 December 2020
| Unrestricted funds Notes £ CURRENT ASSETS Debtors 8 - Investments 9 - Cash at bank and in hand 28,064 28,064 CREDITORS Amounts falling due within one year 10 (5,287) NET CURRENT ASSETS 22,777 TOTAL ASSETS LESS CURRENT LIABILITIES 22,777 NET ASSETS 22,777 FUNDS 12 Unrestricted funds Restricted funds Endowment funds TOTAL FUNDS |
31.12.20 31.12.19 Restricted Endowment Total Total funds funds funds funds £ £ £ £ - - - 4,599 - 112,023 112,023 104,974 - 76,086 104,150 100,581 - 188,109 216,173 210,154 - - (5,287) (4,999) - 188,109 210,886 205,155 - 188,109 210,886 205,155 - 188,109 210,886 205,155 22,777 26,283 - 1,166 188,109 177,706 210,886 205,155 |
|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on .............................................Jun 24, 2021 and were signed on its behalf by:
Simon R Nicholls (Jun 24, 2021 13:43 GMT+1) ............................................. Trustee
The notes form part of these financial statements
Page 7
WEST HAM ALL SAINTS PCC
NOTES TO THE FINANCIAL STATEMENTS for the Year Ended 31 December 2020
1. ACCOUNTING POLICIES
Basis of preparing the financial statements and assessment of going concern
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Critical accounting judgements and key sources of estimation uncertainty
No significant judgements have been made during the course of preparing these financial statements. There are no sources of estimation uncertainty.
Incoming resources
Voluntary income and capital sources
Collections are recognised when received by or on behalf of the PCC.
Planned giving receivable under Gift Aid is recognised only when received.
Income tax recoverable on Gift Aid donations is recognised when the gift is received.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
Funds raised by the fete, bazaar and similar events are accounted for gross.
Other ordinary income
Rental income from the letting of church premises is recognised when the rental is due.
Income from investments
Dividends are accounted for when due and payable. Interest entitlements are accounted for as they accrue. Tax recoverable on such income is recognised in the same accounting year.
Gains and losses on investments
Realised gains or losses are recognised when investments are sold.
Unrealised gains or losses are accounted for on revaluation of investments at 31 December.
Resources used
Grants
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
Fixed assets
Consecrated land and buildings and movable church furnishings
Consecrated and beneficed property is excluded from the accounts in accordance with Charities Act 2011.
Movable church furnishings held by the Rector and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church’s Inventory, which may be inspected at any reasonable time. For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts.
All expenditure incurred in the year on consecrated or beneficed buildings, individual items for the repair of moveable church furnishings is written off.
Other fixtures, fittings and office equipment
Individual items of equipment are written off when the asset is acquired.
Investments
Investments are valued at market value at 31 December.
continued...
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WEST HAM ALL SAINTS PCC
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020
1. ACCOUNTING POLICIES - continued
Current assets
Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectable.
Short-term deposits include cash held on deposit with the Central Board of Finance of the Church of England, the Chelmsford Diocesan Board of Finance and COIF Charity Funds.
Creditors
Creditors are recognised where the charity has a present obligation resulting from a past event that will result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors are recognised at their settlement amount.
Financial instruments
The charity only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially settled at transaction value and subsequently measured at their settlement value.
Fund accounting
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application to the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.
The accounts 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.
Pension costs and other post-retirement benefits
The charity operates a defined contribution pension scheme. Contributions payable to the charity's pension scheme are charged to the Statement of Financial Activities in the period to which they relate.
2. INVESTMENT INCOME
3.
| Unrestricted funds £ Deposit account interest 52 INCOME FROM CHARITABLE ACTIVITIES Activity Church hall lettings etc Charitable Activities PCC Fees & Weddings Charitable Activities |
31.12.20 Restricted Endowment Total funds funds funds £ £ £ - 3,417 3,469 31.12.20 £ 4,568 844 5,412 |
31.12.19 Total funds £ 3,608 |
31.12.19 Total funds £ 3,608 |
|---|---|---|---|
| 31.12.19 £ 23,598 4,226 27,824 |
|||
| 27,824 |
continued...
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WEST HAM ALL SAINTS PCC
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020
4. SUPPORT COSTS
| SUPPORT COSTS | |||
|---|---|---|---|
| Governance | |||
| Finance | costs | Totals | |
| £ | £ | £ | |
| Charitable Activities | 497 | 2,376 | 2,873 |
Support costs are apportioned to activities in proportion to the estimated proportion of time spent on those activities, apart from auditors remuneration which is allocated 100% to charitable activities.
Support costs, included in the above, are as follows:
| 31.12.20 | 31.12.19 | |
|---|---|---|
| Charitable | Total | |
| Activities | activities | |
| £ | £ | |
| Bank charges | 497 | 555 |
| Independent examination fee | 2,376 | 2,334 |
| 2,873 | 2,889 |
5.
TRUSTEES' REMUNERATION AND BENEFITS
There were no payments to PCC members for remuneration during the year.
Trustees' expenses
There were no payments to PCC members for expenses during the year.
6. STAFF COSTS
7.
| STAFF COSTS | |||||
|---|---|---|---|---|---|
| 31.12.20 | 31.12.19 | ||||
| £ | £ | ||||
| Wages and salaries | 11,820 | 13,185 | |||
| Other pension costs | 28 | 34 | |||
| 11,848 | 13,219 | ||||
| The average monthly number of employees during the year | was as follows: | ||||
| 31.12.20 | 31.12.19 | ||||
| All staff | 1 | 1 | |||
| No employees received emoluments in excess of £60,000. | |||||
| COMPARATIVES FOR THE 2019 STATEMENT OF | FINANCIAL ACTIVITIES | ||||
| Unrestricted | Restricted | Endowment | Total | ||
| funds | funds | funds | funds | ||
| £ | £ | £ | £ | ||
| INCOME AND ENDOWMENTS FROM | |||||
| Donations and legacies | 59,234 | 225 | - | 59,459 | |
| Charitable activities | |||||
| Charitable Activities | 27,824 | - | - | 27,824 | |
| Investment income | 294 | - | 3,314 | 3,608 | |
| Total | 87,352 | 225 | 3,314 | 90,891 | |
| EXPENDITURE ON | |||||
| Charitable activities | |||||
| Charitable Activities | 92,104 | 196 | - | 92,300 |
continued...
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WEST HAM ALL SAINTS PCC
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020
| 7. COMPARATIVES FOR THE 2019 STATEMENT OF FINANCIAL ACTIVITIES - Unrestricted Restricted funds funds £ £ Net gains on investments - - NET INCOME/(EXPENDITURE) (4,752) 29 Transfers between funds 185 (200) Net movement in funds (4,567) (171) RECONCILIATION OF FUNDS Total funds brought forward 30,850 1,337 TOTAL FUNDS CARRIED FORWARD 26,283 1,166 8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other debtors 9. CURRENT ASSET INVESTMENTS CCLA 10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 11. LEASING AGREEMENTS Minimum lease payments under non-cancellable operating leases fall due as follows: Within one year Between one and five years |
continued Endowment Total funds funds £ £ 16,014 16,014 19,328 14,605 15 - 19,343 14,605 158,363 190,550 177,706 205,155 31.12.20 31.12.19 £ £ - 4,599 31.12.20 31.12.19 £ £ 112,023 104,974 31.12.20 31.12.19 £ £ 5,287 4,999 31.12.20 31.12.19 £ £ 1,204 1,204 2,108 3,312 3,312 4,516 |
Total funds £ 16,014 |
|---|---|---|
| 14,605 - |
||
| 14,605 190,550 |
||
| 205,155 |
continued...
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WEST HAM ALL SAINTS PCC
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020
12. MOVEMENT IN FUNDS
| Net movement At 1.1.20 in funds £ £ Unrestricted funds General fund 9,511 (4,469) Maintenance Fund 16,772 - 26,283 (4,469) Restricted funds Mission Fund 1,166 (35) Endowment funds Tithe Chancel Fund 7,553 761 Sunday School 1,947 4 Thornycroft Funds 73,877 4,157 Withers Aged Fund 26,681 1,489 Dacres Pension Fund 50,618 2,824 Cooper Fund 516 29 Oakley relief 1,366 - Battaiheys Education 2,066 114 Battaiheys for Sermons 775 43 Battaiheys Vault in Church 516 29 Guerneys Clock 10,271 574 WH Charity Trustees 1,520 211 177,706 10,235 TOTAL FUNDS 205,155 5,731 Net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 65,242 (68,635) Restricted funds Mission Fund - (35) Endowment funds Tithe Chancel Fund 228 - Sunday School 4 - Thornycroft Funds 1,322 - Withers Aged Fund 482 - Dacres Pension Fund 914 - Cooper Fund 9 - Battaiheys Education 37 - Battaiheys for Sermons 14 - Battaiheys Vault in Church 9 - Guerneys Clock 187 - WH Charity Trustees 211 - 3,417 - TOTAL FUNDS 68,659 (68,670) |
Transfers between At funds 31.12.20 £ £ 963 6,005 - 16,772 963 22,777 (1,131) - - 8,314 - 1,951 - 78,034 - 28,170 - 53,442 - 545 - 1,366 - 2,180 - 818 - 545 - 10,845 168 1,899 168 188,109 - 210,886 Gains and Movement losses in funds £ £ (1,076) (4,469) - (35) 533 761 - 4 2,835 4,157 1,007 1,489 1,910 2,824 20 29 77 114 29 43 20 29 387 574 - 211 6,818 10,235 5,742 5,731 |
|---|---|
continued...
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WEST HAM ALL SAINTS PCC
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020
12. MOVEMENT IN FUNDS - continued
Comparatives for movement in funds
| Net movement At 1.1.19 in funds £ £ Unrestricted funds General fund 14,078 (4,752) Maintenance Fund 16,772 - 30,850 (4,752) Restricted funds Mission Fund 1,337 29 Endowment funds Tithe Chancel Fund 6,171 1,382 Sunday School 1,938 9 Thornycroft Funds 65,541 7,042 Withers Aged Fund 24,199 2,009 Dacres Pension Fund 45,192 4,530 Cooper Fund 461 46 Oakley relief 1,366 - Battaiheys Education 1,844 186 Battaiheys for Sermons 691 70 Battaiheys Vault in Church 461 46 Guerneys Clock 9,169 920 WH Charity Trustees 1,330 3,088 158,363 19,328 TOTAL FUNDS 190,550 14,605 Comparative net movement in funds, included in the above are as follows: Incoming Resources resources expended £ £ Unrestricted funds General fund 87,352 (92,104) Restricted funds Mission Fund 225 (196) Endowment funds Tithe Chancel Fund 216 - Sunday School 9 - Thornycroft Funds - - Withers Aged Fund - - Dacres Pension Fund - - Cooper Fund - - Battaiheys Education 1 - Battaiheys for Sermons - - Battaiheys Vault in Church - - Guerneys Clock - - WH Charity Trustees 3,088 - 3,314 - TOTAL FUNDS 90,891 (92,300) |
Transfers between At funds 31.12.19 £ £ 185 9,511 - 16,772 185 26,283 (200) 1,166 - 7,553 - 1,947 1,294 73,877 473 26,681 896 50,618 9 516 - 1,366 36 2,066 14 775 9 516 182 10,271 (2,898) 1,520 15 177,706 - 205,155 Gains and Movement losses in funds £ £ - (4,752) - 29 1,166 1,382 - 9 7,042 7,042 2,009 2,009 4,530 4,530 46 46 185 186 70 70 46 46 920 920 - 3,088 16,014 19,328 16,014 14,605 |
|---|---|
continued...
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WEST HAM ALL SAINTS PCC
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020
12. MOVEMENT IN FUNDS - continued
A current year 12 months and prior year 12 months combined position is as follows:
| Unrestricted funds General fund Maintenance Fund Restricted funds Mission Fund Endowment funds Tithe Chancel Fund Sunday School Thornycroft Funds Withers Aged Fund Dacres Pension Fund Cooper Fund Oakley relief Battaiheys Education Battaiheys for Sermons Battaiheys Vault in Church Guerneys Clock WH Charity Trustees TOTAL FUNDS |
Net movement At 1.1.19 in funds £ £ 14,078 (9,221) 16,772 - 30,850 (9,221) 1,337 (6) 6,171 2,143 1,938 13 65,541 11,199 24,199 3,498 45,192 7,354 461 75 1,366 - 1,844 300 691 113 461 75 9,169 1,494 1,330 3,299 158,363 29,563 190,550 20,336 |
Transfers between At funds 31.12.20 £ £ 1,148 6,005 - 16,772 1,148 22,777 (1,331) - - 8,314 - 1,951 1,294 78,034 473 28,170 896 53,442 9 545 - 1,366 36 2,180 14 818 9 545 182 10,845 (2,730) 1,899 183 188,109 - 210,886 |
Transfers between At funds 31.12.20 £ £ 1,148 6,005 - 16,772 1,148 22,777 (1,331) - - 8,314 - 1,951 1,294 78,034 473 28,170 896 53,442 9 545 - 1,366 36 2,180 14 818 9 545 182 10,845 (2,730) 1,899 183 188,109 - 210,886 |
|---|---|---|---|
| 22,777 - 8,314 1,951 78,034 28,170 53,442 545 1,366 2,180 818 545 10,845 1,899 |
|||
| 188,109 | |||
| 210,886 |
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
| Incoming | Resources | Gains and | Movement | |
|---|---|---|---|---|
| resources | expended | losses | in funds | |
| £ | £ | £ | £ | |
| Unrestricted funds | ||||
| General fund | 152,594 | (160,739) | (1,076) | (9,221) |
| Restricted funds | ||||
| Mission Fund | 225 | (231) | - | (6) |
| Endowment funds | ||||
| Tithe Chancel Fund | 444 | - | 1,699 | 2,143 |
| Sunday School | 13 | - | - | 13 |
| Thornycroft Funds | 1,322 | - | 9,877 | 11,199 |
| Withers Aged Fund | 482 | - | 3,016 | 3,498 |
| Dacres Pension Fund | 914 | - | 6,440 | 7,354 |
| Cooper Fund | 9 | - | 66 | 75 |
| Battaiheys Education | 38 | - | 262 | 300 |
| Battaiheys for Sermons | 14 | - | 99 | 113 |
| Battaiheys Vault in Church | 9 | - | 66 | 75 |
| Guerneys Clock | 187 | - | 1,307 | 1,494 |
| WH Charity Trustees | 3,299 | - | - | 3,299 |
| 6,731 | - | 22,832 | 29,563 | |
| TOTAL FUNDS | 159,550 | (160,970) | 21,756 | 20,336 |
continued...
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WEST HAM ALL SAINTS PCC
NOTES TO THE FINANCIAL STATEMENTS - continued for the Year Ended 31 December 2020
12. MOVEMENT IN FUNDS - continued
Details of Endowment Funds
The Endowment funds are all declared at values including Capital and Interest, the account WH Charity trustees being accumulated interest only. These Historical endowments have capital which must be maintained although income from them may be used in consideration of the terms of the original Endowment; Although not accessed in recent years, The PCC will review these funds over time, in line with its Ecclesiastic And Charitable purposes.
Details of Restricted Funds
The Mission Fund is to be used for UK or International Mission as prescribed with the original donation.
Transfers between funds
During the year there has been a £168 transfer from the Unrestricted Funds to Endowment Funds. This is due to incorrectly allocated interest received in the comparative period.
13. RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
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