**Parochial Church Council of St Clement, Cambridge** **Unaudited Annual Report and Financial Statements For the year ended 31 December 2020** **Registered Charity No 1162638** 1 ## **Parochial Church Council of St Clement, Cambridge** **Contents For the year ended 31 December 2020** |**Contents**|**1**| |---|---| |**Charity Administrative Details**|**2**| |**Trustees' Report**|**3 to 6**| |**Independent Examiner's Report**|**7**| |**Statement of Financial Activities**|**8**| |**Balance Sheet**|**9**| |**Notes to the Financial Statements**|**10 to 15**| 2 ## **Parochial Church Council of St Clement, Cambridge** **PCC Report For the year ended 31 December 2020** ## **PCC Members during the year:** |Clergy||| |---|---|---| |Rev'd Canon Nicholas Moir||Priest in Charge| |Churchwardens||| |Sarah Van De Weyer||| |Barry Johnson||| |Deanery Synod Representatives||| |Matthew Pettifer||Lay Vice Chair| |Co-opted members||| |Jacob Power|From March 2020|| |Elected Members||| |Robin Edwards||| |Andrew Gardiner||| |Karol Jaworski||| |Geraldine Moore||Secretary and Safeguarding Officer| |Aidan Pittman||Treasurer| |Genevieve Wedgbury|To March 2020|| |Joshua Heath|From March 2020|| |**Address:**|St Clement Church|| ||Bridge Street|| ||Cambridge|| ||CB2 1UF|| |**Registered Charity No.:**|1162638|| |**Independent Examiner**|Paul Whitmell FCA|| ||PW Accountants Ltd|| ||Chartered Accountants|| ||82B High Street|| ||Sawston|| ||Cambs|| ||CB22 3HJ|| |**Bank:**|CAF Bank Ltd|| ||25 Kings Hill Avenue|| ||Kings Hill|| ||West Malling|| ||ME19 4JQ|| 3 ## **Parochial Church Council of St Clement, Cambridge** ## **Trustees' Report For the year ended 31 December 2020** The Trustees of the Charity present their report and financial statements for the year ended 31 December 2020 ## **STATEMENT OF TRUSTEES' RESPONSIBILITIES** Law applicable to charities in England and Wales requires the Trustees to prepare financial statements for each financial period which give a true and fair view of the parent charity and its subsidiary undertaking's financial activities during the period and of its financial position at the end of the period. In preparing financial statements giving a true and fair view, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - make judgments and estimates that are reasonable and prudent; - state whether applicable Accounting Standards and Statements of Recommended Practice have been followed, subject to any departures disclosed and explained in the financial statements; - prepare the financial statements on a going concern basis unless it is inappropriate to presume that the parent charity and its subsidiary undertakings will continue in operation. The Trustees are responsible for keeping proper accounting records which disclose with reasonable accuracy the financial position of the parent charity and its subsidiary undertakings and which enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the parent charity and its subsidiary undertakings and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. ## **STRUCTURE AND GOVERNANCE** The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The appoi�t�e�t of PCC Me��e�s is go�e��ed �� a�d set out i� the Chu��h ‘ep�ese�tatio� ‘ules. At St. Cle�e�t�s the PCC �o�sists of ou� priest-in-charge, two churchwardens, six members elected by members of the congregation on the electoral roll of the church, and deanery synod representative. All those who attend as members of the congregation are encouraged to register on the Electoral Roll and stand 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. Given its wide responsibilities, the PCC has several formal committees which include the Strategy Group (general strategy, fabric and finance), Mission and Outreach Group, Music Review group, and Liason Group (representing the congregation of St Clement's and the Russian Orthodox St Ephraim's). An informal team was set up to manage day to day organisation during the COVID-19 lockdown. All are responsible to the PCC and report back to it regularly. Minutes of their discussions and recommendations are received by the full PCC and discussed as necessary. The PCC of St Cle�e�t�s �et o� 9 o��asio�s du�i�g ����. Du�i�g the pe�iods of COVID-�9 �atio�al lo�kdo��s, �eeti�gs �e�e held �e�otel� �� )oo�. The average attendance at meetings over the year was around 75%. During 2020 the PCC agreed to: - take pa�t i� the Mi�ist�� E�pe�ie��e p�oje�t ����-�� to �o�t�i�ute to the life of St Cle�e�t�s a�d also to the He�itage p�oje�t - approve arrangements to live stream services to comply with Covi-19 lockdown regulations. - make a faculty application for churchyard work to improve access and safety - authorise expenditure for historical research for the new website and exhibition funded by the Heritage Lottery grant. - approve drafts for the new website and exhibition funded by the Heritage Lottery grant - join the Cambridge Historic Churches Trust and apply, successfully, for an interest-free cash-flow loan. · app�o�e fi�a��ial a��a�ge�e�ts �ith St Eph�ai��s du�i�g the Co�id-�9 �atio�al lo�kdo�� fo� a �edu�tio� i� thei� �o�t�i�utio� u�de� the Li�e�se terms. - adopt policies for Complaints, Safeguarding, Safer Recruitment, Health and Safety and Data Management ## **AIM AND PURPOSES** St Cle�e�t�s Pa�o�hial Chu��h Cou��il �PCC� has the �espo�si�ilit� of �oope�ati�g �ith the i��u��e�t, the ‘e�e�e�d Ca�o� Ni�holas Moi�, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. 4 ## **Parochial Church Council of St Clement, Cambridge** ## **Trustees' Report For the year ended 31 December 2020** ## **OBJECTIVES AND ACHIEVEMENTS** We ha�e �o�ti�ued to �o�k to�a�ds the �isio� state�e�t �Buildi�g B�idges, Ope�i�g Doo�s� that �e ag�eed at the a��ual �eeti�g i� ���7. The introduction says: _�For more than �5� years St Clement�s has stood firmly in the Anglo-Catholic tradition of the Church of England. The Sunday morning liturgy is traditional in language and ethos: sacramental worship that is enhanced by well-ordered ritual and music. This speaks of a faithfulness to the eternal God who transcends the particularities of space and time. St Clement�s desires to be a flourishing and welcoming Christian presence in the old Bridge ward of the city, and to offer the riches of the �Prayer Book Catholic� tradition of the Church of England to those in search of a form of worship that is sacramental, spiritual and has a certain timeless quality in a world – and city - of rapid change and passing fashions.�_ Bearing in mind our location and history we adopted two images to guide our thinking: of building bridges and opening the doors: _�St Clement�s wishes to commit itself to being a church actively engaged in the business of_ _**building bridges** that enable friendship, good communication and better understanding – allowing the riches of its received Catholic Anglican faith and worship to meet and interact with the very diverse community and people of the parish and city._ _�As well as building bridges, St Clement�s is also committed to_ _**opening its doors** to the many who pass by, allowing them to discover within a place of deep prayerfulness, sanctuary and welcome. The vision is – together with our partners – to renew the community of prayer, worship and mission at St Clement�s as we also renew the fabric, so that both the building and its people are a sacrament of the beauty and presence of Christ.�_ We �ade se�e� �o��it�e�ts – to �hi�h �e added a� e�t�a o�e t�o �ea�s ago. Clea�l� the pa�de�i� a�d lo�kdo�� that �ega� soo� afte� last �ea��s a��ual �eeti�g has sig�ifi�a�tl� affe�ted �hat �e ha�e �ee� a�le to do – a�d �ill ha�e lasti�g effe�ts o� ou� �hu��h life, �i�ist�� a�d �issio�. While there have of course been setbacks, it has also been the case that the extraordinary times we have been living in have helped us to focus on essentials, to invent new ways of being church and to seize on new opportunities that have been presented. So while ) will report against our stated objectives for last year, what we actually did was not always what we had expected…. ## **1. Building bridges and partnerships with other Christians that will enhance our ministry and mission.** _2020 objectives: Offer hospitality to KingsGate events. Invite new clergy to be on the rota for Sunday services. Recruit new MES participant._ P�og�ess: While �e ha�e �ot �ee� a�le to offe� hospitalit� to a�� g�oups �e�o�d St Eph�ai��s, a �e��e� of the Ki�gsGate staff a�d lo�al �eside�t has also joined our community and has participated in educational events and occasional evening services. We had begun to involve new clergy on the Sunday morning rota; for practical and pastoral reasons though it made sense for our online services to have a regular home and celebrant (Father Robert). We did �e��uit a �e� MES pa�ti�ipa�t, Io�a Mo�phet, �ho �ega� i� Septe��e�. It has, of �ou�se, �ee� a f�ust�ati�g a�d li�ited e�pe�ie��e fo� Io�a, �ut – �he� possi�le – she has pla�ed a full pa�t i� assisti�g at �o�ship a�d p�o�idi�g ad�i�ist�ati�e, p�a�ti�al a�d pasto�al suppo�t. ## **2. Opening the doors of St Clement’s to the outside world by restoring and enhancing the building, so that it can be visited and used throughout the week and be financially sustainable.** 2020 objectives: Move on with the bell project. Explore having a prayer chapel at the east end of the north aisle. Restore the stations of the cross. Have a summer exhibition with displays on our heritage. Progress: The bell project has moved forward to the point where work can begin later in 2021: funds have been raised, contractors identified and faculty permission obtained. The architect advised that prior to the installation of a prayer chapel the north aisle floor needs to be reinforced and made able to bear the weight of the wooden screen. This work is scheduled for 2021. The stations of the cross were restored by Peter Hilken, a parishioner of St A�d�e��s Cheste�to�. The� �e�e used i� a� o�li�e Statio�s fo� the e�d of Le�t a�d ha�e su�se�ue�tl� �ee� �ei�stalled. The su��e� e�hi�itio� �as, of course, postponed, but will take place when it becomes possible. ## **3. Preserving the integrity of our sacred space, keeping the building open to visitors and bridging the gap between tourism/historical interest and the church’s spiritual and sacramental purpose.** 2020 objectives: Develop and train a team of welcomers to widen the hours the church is open during the week. Continue to develop displays, literature and exhibitions that point to our sacred purpose. Progress: Whilst a team of welcomers has not been possible, Father Robert has led the way in opening the church building (when possible) between 12 noon and 3pm daily and developed a significant ministry to visitors. Literature distribution ahs not been possible but work has been done on a simple information leaflet that will be the principal written offering to visitors. 5 ## **Parochial Church Council of St Clement, Cambridge** ## **Trustees' Report For the year ended 31 December 2020** ## **4. Building bridges with spiritual seekers and the unchurched.** 2020 objectives: Trial a contemplative prayer station on Fridays in Lent and use the (restored) stations of the cross. Launch a new website with those priorities. Progress: The stations of the cross have been reinstalled and used �see above�. Progress has been made with the new website – it has been commissioned and designed and will be launched soon. ## **5. Developing community space that will build bridges into the wider community** 2020 objectives: Sort out security and locking procedures. Organise regular cleaning. Continue the programme of Saturday concerts. Progress: There is an established protocol for unlocking and locking the building and a new list of keyholders (and policy for annual renewal of this�. Regular cleaning awaits our return to �normality�. Saturday concerts continued successfully in the first part of 2020 but have, of course, not been possible since. ## **6. Opening doors to the eternal by establishing a regular prayerful presence within the building.** 2020 objectives Use the (restored) stations of the cross. Explore Adoration before the Blessed Sacrament. Progress: See above re the stations of the cross. Adoration before the Blessed Sacrament is being considered in 2021. Daily prayer at midday has become established (lockdowns permitting). ## **7. Building bridges with younger people and those on the streets at night by exploring late-night worship and hospitality.** 2020 objective: Use Thy Kingdom Come week to be experimental. Progress: This was not possible. ## **8. Building bridges with children and their parents/carers.** 2020 objectives: Continue schools� event. Progress: This was not possible though we hope to re-establish these. ## **9. Building bridges with the natural world – and all who care for it in this time of climate crisis – by caring for our environment and** ## **using our natural resources responsibly** 2020 objectives: Develop Green agenda but with an emphasis on prayer & spirituality as well as action. Restore the path and steps in the churchyard and create Green space. Engage with the new national church agenda for reducing carbon footprint to zero by 2030. Progress: A successful midweek Lent series on Green issues was held – though momentum was inevitable lost as we moved into lockdown. Faculty permission was sought for the path and steps; following an objection from one of the neighbours the plans were subsequently revised and a better scheme has been agreed (hopefully to be completed in summer 2021). In addition to the above, lockdown saw at least two significant initiatives: · _Dearly Beloved_ was launched as a daily letter to give food for the spirit through difficult times. It rapidly expanded from an initial circulation of 30 to over 150. A large range of contributors, lay and ordained, have kept up a remarkable standard and depth of reflection, led by Bishop Rowan Williams whose weekly contributions have since been published in book form. Father Robert has co-ordinated the contributors (as well as writing many pieces himself), whilst Sarah van de Weyer has contributed regular photographs and has organised the distribution. · We had to learn quickly to enter the virtual world of Zoom and the streaming of services. Karol Jaworski redirected much energy from choir directing to the complexities of modern internet communication, first in joining together the homes of the celebrant and congregation and then in obtaining and installing the right sound and vision equipment to broadcast from the church. The planning, organisation and oversight of our lockdown arrangements was done by an ad hoc team meeting online (on the inevitable Zoom, for the first months doing so weekly). This group has varied a little in make-up but has included the churchwardens, Joshua Heath, Robin Edwards, Paul Williams, Karol Jaworski, Robert van de Weyer, Fraser Watts and our MES participants (Jack Belloli and Iona Morpeth). naTrtlalty¥Aé ContIn￿ tobe reasonth 5eoJreon ayè•r*p¥bas&Th&4dW¢th*6mpxrs ofCr*kn*19. Durln8 1020. 3 new bank xcotsrt¥rn55et UP spedru￿1urth￿8e￿5wtyeCL the ¢kmaknswLre Setup Bank•nd cJth ft0ww•sapwowith￿l￿lllla￿d. There ￿ asmall arnount Lrfw5s￿sU1pkntrJnd5 M￿ble￿*ddkntr￿I ￿31. kn•dthrh)ityorwkni wvokttsand Il•blnt4e5 Rrfirth4the Oells Proierl.thn•iknstythÈethJd2020101alW £42.9L WknKknrq8fft•ld, thls k%tr*￿rd%thttsr￿t￿tII ofE245k. Th￿dId not Indud¢amrAM)ts rth￿Te(e￿￿d. Thetot*ofELrth rEcw*s*nd r•ths4Keth* siartof2021 and thet•ryet •XP*thd to be rtathed tytr*Mk1d*d2o21.al￿Irlth¢ Wo￿a￿)Start￿thÈthrnn. The IlnalHLF irant instslmertle*the ￿￿￿£10k15*YCI*d kn 2021. As￿￿￿•1 p•ymentfor tht FIXth￿s￿ rtrr00ft￿￿S be￿ ￿&￿the r¢m31nln8fundsafo lorthe ￿0a Furthertfj6ts0fat*xrt£16kar• expttttd h 2021, •ndthereffft•b￿rf£6k*i1 bt w•JSx tythe PCQ The PCCh•s¢hos•nto akn tyrnalniakn unr¢str**d rEeM5afat IEa5t£lO.l*Jltotty* r**1> d•s*n4wdth• f￿* £lth,(K•Jr•uèMdln X+16 Iwm theclvj￿￿Is*1O£tyw buW4*Yrt •r* ¥lrtu•lty •MoIthlsh￿ begn used up nt7wdu¢iospendlry on ther*ordtrkniw*ti nwJiidwPl¢hts Sarah Vall De Weyer IChur¢hwar¢ arryjohnson IChurthw4rfenl 7 ## **Independent Examiner's Report to the** ## **Parochial Church Council of St Clement, Cambridge** This report on the accounts of the Trustees for the year ended 31 December 2020 is in respect of an examination carried out under the Church Accounting Regulations 2006 and s145 of the Charities Act 2011. ## **Respective responsibilities of Trustees and Examiner** The Charity's trustees consider that an audit is not required for this year under Section 142(2) of the Charities Act 2011 (the 2011 Act) and that an Independent Examination is required. Having satisfied myself that the PCC is not subject to audit under Charity Law and is eligible for independent examination, it is my responsibility to: - examine the accounts under Section 145 of the 2011 Act; - follow the procedures laid down in the General Directions given by the Charity Commissioners in Section 145(5)(b) of the 2011 Act; and - state whether particular matters have come to my attention. ## **Basis of Independent Examiner's Report** 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 PCC 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 you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full 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 statements below. ## **Independent Examiner's statement** In connection with my examination, no matter has come to my attention: - (1) which gives me reasonable cause to believe that in any material respect the requirements - to keep a��ou�ti�g �e�o�ds i� a��o�da��e �ith se�tio� ��� of the ���� A�t; a�d • to p�epa�e a��ou�ts �hi�h a��o�d �ith the a��ou�ti�g �e�o�ds, �o�pl� �ith the �ethods a�d p�i��iples of the A��ou�ti�g a�d ‘epo�ti�g �� 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 2015) have not been met; or (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ……………………………………… Date: Paul Whitmell FCA PW Accountants Ltd Chartered Accountants 82b High Street Sawston Cambs CB22 3HJ 8 **Parochial Church Council of St Clement, Cambridge** ## **Statement of Financial Activities** ## **For the year ended 31 December 2020** |**Unrestricted**
**Funds**
**£**
**INCOME AND ENDOWMENTS FROM**
**Note**
_Donations and Legacies_
13,939
_Charitable activities_
199
_Other trading activities_
13,054
_Investment income_
2
-
**TOTAL INCOME**
2
27,192
**EXPENDITURE ON**
_Charitable activities_
19,418
**TOTAL EXPENDITURE**
3
19,418
**NET (EXPENDITURE)**
**AND NET MOVEMENT IN FUNDS**
7,774
Transfers between funds
2,800 )
(
**NET MOVEMENT IN FUNDS**
4,974
Balances brought forward at 1 January 2020
21,008
**BALANCES CARRIED FORWARD AT**
**31 DECEMBER 2020**
25,982|**Restricted**
**Funds**
**£**
80,138
-
-
4,000
84,138
32,983
32,983
51,155
2,800
53,955
9,981
63,936|**Total**
**Funds 2020**
**£**
94,077
199
13,054
4,000
111,330
52,401
52,401
58,929
-
58,929
30,989
89,918|**Total**
**Funds 2019**
**£**
280,720
774
12,330
4,000| |---|---|---|---| ||||297,824
346,328| ||||346,328| ||||48,504 )
(
-
48,504 )
(
79,493| ||||30,989| The notes on pages 10 to 15 form part of the financial statements zing Curr*)tasset IrNestrn Debtors Cash atb8nk¥NI kn har L550 6.949 79 97.419 117.458 45297 5ffj1 IM918 •) I UnrextAct¢d Totsl yTrr¢svicW Restrlcted 63.936 The P•V5 Ioto isfrymwrtolthpfin**thlst•t*ii d bvthe PIr¢¢h￿I(bUvth¢•￿vafjn on bbeh41*. v•h VanD• w￿r{cl￿rth￿•rdÈpI 8•rryJohnson IChurctrftw4nknl 10 **Parochial Church Council of St Clement, Cambridge** ## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020** ## **1 Accounting Policies** The principal accounting policies adopted, judgements and key sources of estimation uncertainty in the preparation of the financial statements are as follows: ## **Basis of preparation** The financial statements have been prepared in accordance with the Church Accounting Regulations 2006, together with applicable accounting standards and Statement of Recommended Practice "Accounting and Reporting by Charities" SORP FRS 102 (2015). St Clement PCC meets the definition of a public benefit entity under FRS 102. The financial statements have been prepared under the historical cost convention. ## **Going Concern Basis** The PCC considers that the going concern basis is appropriate as they consider the reserves levels and expected giving and other income to be at sufficient levels to ensure that the PCC can meet its financial obligations for the next 12 to 18 months and on that basis the PCC is a going concern. ## **Financial reporting standard 102 - reduced disclosure exemptions** The PCC has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland': - the requirements of Section 7 Statement of Cash Flows. ## **Funds** General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on 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 by 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. ## **Income** Income is recognised when the PCC has entitlement to the funds, any performance conditions attached to the item(s) of income have been met, it is probable that the income will be received and the amount can be measured reliably. ## _Voluntary income and capital sources_ - collections are recognised when received by or on behalf of the PCC. - Planned Giving receivable under covenant is recognised only when received. - Income tax recoverable on covenants or gift aid donations is recognised when income is recognised. ## _Income from investments_ - Interest entitlements are accounted for as they accrue. ## _Grant income_ - Grant income is recognised when the PCC is legally entitled to the income and it can be measured with reasonable certainty. ## _Legacy income_ - for legacies entitlement is taken as the earlier of the date on which either: the PCC is aware that probate has been granted, the estate has been finalised and notification has been made by the Executors to the Trust that a distribution will be made, or when a distribution is received from the Estate. Receipt of a legacy, in whole or in part, is only considered probable when the amount can be measured reliably. 11 **Parochial Church Council of St Clement, Cambridge** ## **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020** ## **1 Accounting Policies (continued) Resources expended** ## _Grants_ - Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. ## _Activities directly relating to the work of the Church_ - The diocesan parish share is accounted for when payable. Any parish share unpaid at 31 December is accounted for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet. ## **Fixed Assets** ## _Consecrated property and movable church furnishings_ - Consecrated and beneficed property is excluded from the accounts by s.10(2)(a) and (c) of the Charities Act 2011. - Moveable church furnishings held by the Priest in Charge 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. - All expenditure incurred during the year on consecrated or benefice buildings, individual items under £1,000 or on the repair of moveable church furnishings is written off. ## _Other fixtures, fittings and office equipment_ - Equipment used within the church premises is depreciated on a straight line basis over 4 years. Individual items of equipment with a purchase price of £5,000 or less are written off when the asset is acquired. ## **Current Assets** - Amounts owing to the PCC as 31 December in respect of fees, rents or other income are shown as debtors less provisions for amounts that may prove uncollectable. - Short terms deposits include cash held on deposit either with the CBF Church of England Funds or at the bank. ## **Creditors and provisions** Creditors and provisions are recognised when the PCC has a present obligation resulting from a past event that will probably 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 and provisions are normally recognised at their settlement amount after allowing for any trade discounts due. ## **Financial instruments** The PCC only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are intially recognised at transaction value and subsequently measured at their settlement value. 12 ## **Parochial Church Council of St Clement, Cambridge** ## **NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **For the year ended 31 December 2020** |**2 Incoming Resources**
**Donations and legacies**
Gift Aided donations
Other donations-Friends of St Clements
Other donations-St Ephraims
Other donations-congregation members
Other donations-miscellaneous
Grants-Proby Fund
Grants-LPOW VAT
Grants - Cambridgeshire Community Foundation
Grants-Heritage Lottery Fund
Grants-AMEY CESPA
Grants-Cambridge City Council
Grants-South Staffordshire Water
Grants-Cambridgeshire Historic Churches Trust
Income tax recoverable
Congergational Collections
Concerts and special collections
Visitor and other donations
**Other trading activities**
Church and hall lettings
**Investment income**
Premium on grant of licence agreement
**Charitable activities**
Miscellaneous income
Total income
**3 Resources Expended**
**Charitable Activities**
Parish share
Sanctuary expenses
Heat & Light
Insurance
Water
Subcontractors
Parochial fees
Organ repairs
Music costs
Misc church costs
Audio visual equipment
Mangement and cleaning
Bank Charges
Internet
Development project
North Aisle Roof repairs
Heritage project activities
Ministry scheme costs
Bell project costs
Repairs and maintenance
Charitable donations|**Unrestricted**
**Funds**
**£**
6,870
-
-
2,912
-
-
-
-
-
-
-
-
2,164
1,785
-
208
13,939
13,054
-
199
27,192
**Unrestricted**
**Funds**
**£**
3,926
374
3,497
3,134
72
3,365
108
105
532
1,398
-
-
60
1,224
-
-
-
-
-
1,531
92
19,418|**Restricted**
**Funds**
**£**
40,910
-
3,670
9,000
5,870
-
2,163
-
4,900
-
-
-
2,750
10,228
-
647
-
80,138
-
4,000
-
84,138
**Restricted**
**Funds**
**£**
-
-
-
-
-
-
-
-
-
-
4,905
-
-
-
9,344
3,635
2,397
9,000
3,702
-
-
32,983|**Total**
**Funds 2020**
**£**
47,780
-
3,670
11,912
5,870
-
2,163
-
4,900
-
-
-
2,750
12,392
1,785
647
208
94,077
13,054
4,000
199
111,330
**Total**
**Funds 2020**
**£**
3,926
374
3,497
3,134
72
3,365
108
105
532
1,398
4,905
-
60
1,224
9,344
3,635
2,397
9,000
3,702
1,531
92
52,401|**Total**
**Funds 2019**
**£**
12,290
10,000
18,000
14,100
1,181
4,000
44,837
1,184
89,910
39,600
30,000
1,300
-
4,690
6,554
2,751
323| |---|---|---|---|---| |||||280,720| |||||12,330| |||||4,000| |||||774| |||||297,824| |||||**Total**
**Funds 2019**
**£**
2,949
856
2,941
3,452
68
3,263
207
105
1,366
3,963
-
183
65
618
190,786
115,365
5,293
8,000
5,827
1,021
-| |||||346,328| 13 **Parochial Church Council of St Clement, Cambridge** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2020** ## **4 Staff Costs** There were no staff during the 2019 or 2020. During the year 3 PCC Members were reimbursed expenses totalling £1,693 (2019:£4,816) One PCC Member provided services on a self employed basis, separate from their duties as a PCC member, invoicing £3,365 for the year (2019: one PCC Members provided services on a self employed basis invoicing £3,263) ## **5 Comparatives for the Statement of Financial Activities** |||**Unrestricted**||**Restricted**||**Total**|**Total**| |---|---|---|---|---|---|---|---| |||**Funds**||**Funds**||**Funds**|**2019**| |||**£**||**£**||**£**|| |**INCOME AND ENDOWMENTS FROM**|||||||| |_Donations and Legacies_||16,738||263,982|||280,720| |_Charitable activities_||774||-|||774| |_Other trading activities_||12,330||-|||12,330| |||-||4,000|||4,000| |**TOTAL INCOME**|||||||| |||29,842||267,982|||297,824| |**EXPENDITURE ON**|||||||| |_Charitable activities_|||||||| |||21,057||325,271|||346,328| |**TOTAL EXPENDITURE**||21,057||325,271|||346,328| |**NET (EXPENDITURE)**||8,785|(|57,289 )
|(||48,504 )
| |Transfers between funds|(|63,979 )
||63,979|||-| |**NET MOVEMENT IN FUNDS**|(|55,194 )
||6,690|(||48,504 )
| |Balances brought forward at 1 January 2019||76,202||3,291|||79,493| |**BALANCES CARRIED FORWARD AT**|||||||| |**31 DECEMBER 2019**||21,008||9,981|||30,989| 14 ## **Parochial Church Council of St Clement, Cambridge** ## **NOTES TO THE FINANCIAL STATEMENTS (continued) For the year ended 31 December 2020** |||**Unrestricted**||||| |---|---|---|---|---|---|---| |**6 Analysis of Net Assets by Fund**||**Funds**||**Restricted Funds**||**Total**| |Current Assets||46,585||70,873||117,458| |Current Liabilities|(|5,603 )
|(|6,937 )
|(|12,540 )
| |Long Term Liabilities|(|15,000 )
||-|(|15,000 )
| |Fund Balance||25,982||63,936||89,918| |**7 Debtors**||||**2020**||**2019**| |||||£||£| |Income Tax recoverable||||16,326||3,935| |VAT recoverable||||2,163||3,014| |||||18,489||6,949| |**8 Creditors: amounts falling due within one year**||||||| |General Creditors||||7,444||14,212| |Loans||||5,000||-| |Other Creditors||||96||96| |||||12,540||14,308| |**9 Creditors: amounts falling due within one year**||||||| |Loans||||15,000||-| Loans comprises £5,000 due within one year and £15,000 due after more than one year. This is an interest free loan from Cambridgeshire Historic Churches Trust, repayable in 4 equal instalments, commmencing in January 2021. ## **10 Independent Examiner's Fee** The independent examiner waived their fees for examination of the accounts for both 2019 and 2020 ## **11 Related party transactions** There are no transactions with related parties requiring disclosure, other than those disclosed in Note 4 15 ## **Parochial Church Council of St Clement, Cambridge** ## **NOTES TO THE FINANCIAL STATEMENTS (continued)** ## **For the year ended 31 December 2020** ## **12 Fund Movements** |_Unrestricted Funds_
General Fund
Designated Building Fund
_Restricted Funds_
Development Project fund
North Aisle Project Fund
COVID Streaming fund
Organ Redevelopment fund
Bells fund
Ministry scheme fund
Small Restricted Funds
**Total**|Balance at
01-Jan-20
£
10,000
11,008
21,008
-
-
-
5,108
273
-
4,600
9,981
30,989|Incoming
Resources
Fund
Resources
Expended
Transfers
£
£
£
27,192
19,418)
(
7,774)
(
-
-
4,974
27,192
19,418 )
(
2,800)
(
9,226
9,344 )
(
118
3,356
6,033 )
(
2,677
4,900
4,905 )
(
5
647
-
-
56,840
3,701 )
(
-
9,000
9,000 )
(
-
169
-
-
84,138
32,983 )
(
2,800
111,330
52,401 )
(
-|Balance at
31-Dec-20
£
10,000
15,982| |---|---|---|---| ||||25,982| ||||-
-
-
5,755
53,412
-
4,769| ||||63,936| ||||89,918| The designated building fund comprises funds designated by the PCC for use in current and future building projects. The development project comprises grants and donations to fund a new kitchen, toilet, meeting room and heating system. The North Aisle project comprises grants and donations, including form the Heritage Lottery Fund, to fund restoration of the North Aisle Roof and various associated heritage activities. The COVID streaming fund comprises a grant received to purchase equipment to enable better streaming of worship online. The organ redevelopment fund comprises funds being raised for the redevelopment of the organ. The bells fund comprises income and expenditure in connection with the establishment of a bell ringing centre within the church. The Ministry scheme fund represents income and expenditure in relation to participation in the ministry Experience Scheme Other small restricted funds represents funding provided for specific purposes which is not so material to the financial statements to require separate disclosure. ## During the year fund transfers were made as follows: £4,974 was transferred from the General Fund to the Designated Buildings Fund in accordance with the Reserves policy. £118 was transferred from the General Fund to the Development Project Fund to cover the deficit on that fund. £2,677 was transferred from the General Fund to the North Aisle Project Fund to cover the deficit on that fund. £5 was transferred from the General Fund to the COVID Streaming fund to cover the deficit on that fund.