The Ross Parishes Ross~on-Wye I Walford l Brampton Abbotts rossparishes,uk Iwiriw fAitk, hope & THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ROSS-ON-WYE ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 REGISTERED CHARITY NO. 1163776
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN. ROSS-ON-WYE Registered Charity No.: 1163776 Reports and Accounts for the year ended 31 December 2020 CONTENTS Pa eNo. Annual Report Independent Examiner's Certificate Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10-17
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ROSS4)N-WYE Registered Charity No.: 1163776 REPORT OF THE TRUSTEES For the year ending 31 December 2020 Aim and purposes St Mary's Parochial Church Council (PCC) had the responsibility of cooperating with the incumbent, The Reverend Sean Semple, in promoting in the ecclesiastical parish, the whole mission of the church, pastoral, evangelistic, social and ecumenical. The PCC also has the responsibility for the maintenance and development of the church building and St Mary's Church Hall. Objectives and activities The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at St Mary's. Our services and worship put faith into practice through prayer and Scripture, music and sacrament. When planning our activities for the year, we have considered the Charity Commission's guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable parishioners to live out their faith as part of our parish community through: Worship and prayer; leaming about the gospel; developing their knowledge and trust in Jesus Provision of pastoral care for people living in the parish Mission and outreach work. To facilitate this work, it is important that we maintain the fabric of the church of St Mary's and St Mary's Church Hall. Since March 2020 the Covid pandemic has forced us to move much of our work on-line, a move which has enabled us to reach people well beyond the parish of Ross-on-wye. Achievements and perfomiance Worship and prayer The PCC has considered the need to extend the range of services during the week and over the course of the year that our community find both beneficial and spiritually fulfilling. The Thursday moming Eucharist plays an important role but our main efforts have been towards encouraging more young people to become part of the community at St Mary's. Our Intergenerational Missioner has continued her work for the third of her five years appointment in the Parish, Toast and Toddle Club, LEAF Club and school's work with Sox ministry using sock puppets and Open the Book at Brampton Abbotts C of E Primary School have all continued, Toast and Toddle and LEAF moving on-line as necessary. Other members of the Clergy Team assisted in holding Picnic Church on summer Sundays and in starting Messy Church in the autumn. All are welcome to attend our regular services and the PCC is grateful to the Clergy Team for their work in the services that are offered and for the additional opportunities that are offered by way of Lent and Advent courses. The two regular Bible Study groups have met on-line, and an on-line Alpha course was successfully held in the autumn. The church electoral roll is renewed every six years and following the full revision in early 2019 there are currently 128 parishioners on the roll, a large proportion of whom are resident within the parish. Three names have been removed through death.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ROSS-ON-WYE Registered Charity No.: 1163776 There is a rota of volunteers to visit all who are sick or unable to get out for any other reason and to keep them in touch with church life. During lockdowns members of the Ministry Team and volunteers have maintained contact with older and vulnerable parishioners by telephone Deanery Synod Three members of the PCC sat on the Deanery Synod during the year. The Deanery Synod provides the PCC with an important link between the parish and the wider structures of the Church. The Reordering of the Church and the use of St Mary's Church Hall Phase 2 3 of our reordering work in St Mary's Church was completed atthe end ofthe year and involved the remodelling of the main, north, porch and doorway to provide a brighter, more welcoming entrance, fully accessible to the disabled. The church hall is managed by the St Mary's Church Hall Committee on behalf of the PCC. Before the pandemic there were regular paying users of the hall. The two tenants have continued to occupy much of the first floor, with one room being retained for church use. Work is being investigated in order to improve disabled access to the building and this will be funded from our available reserves if charitable grants are not available. The Ross-on-wye Community Larder continues to operate successful from the basement but the Job Club has had to close during the pandemic. Grant making policy The PCC have a policy of making donations of 5 % of the income from other unrestricted giving including Gift Aid receipts under a pattem of regular giving or otherwise. The donations are made in support of both UK and overseas charities under the recommendation of either members of the PCC or the congregation of the church rather than in response to any applications made to the PCC. Although the decision is nomally made towards the end of the accounting period each year, This year we delayed the payments pending a review of the way these grants are made. Ecumenlcal relationships The church is a member of Churches Together in Ross-on-wye. Financial review Total receipts on unrestricted funds were £97,099 of which £53,067 was unrestricted planned voluntsry donations, and a further £13,255 was from income tax recovery on Gift Aid. Our membership of the Parish Giving Scheme has improved the collection of tax repayments but we have still failed to enhance the level of donations to any significant extent. We have opened an account with PayPal which has enabled donations to be given on line and we also have a card reader situated by the North door to enable visitors to donate electronically. We have received legacies and residue payments from Estates totalling £400 during the year and a generous grant of £1000 from the Ross Education Trust that is restricted to our educational work with children and young adults under the age of 25 years. The freehold house at 3 Redwood Close, Ross-on-wye is now occupied by our curate Rev'd Tiffany Jackson. The income from this letting was £995, prior to her occupation. Our regular fundraising activities have been curtailed by the covid pandemic but the 100 Club remains a successful source of income. Our rector undertook a 'Table Mountain Challenge, which raised £1751 and together with other fundraising events has had a positive effect on income.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ROSS-ON-WYE Registered Charity No.: 1163776 Net movement in funds on unrestricted funds was a deficit of £37220 (excluding the contribution to the salary of the Intergenerational Missioner). This has reduced our balance of unrestricted funds to £116,162. As a PCC we are mindful of the fact that this represents a balance that is too large for our day-to-day needs but the current uncertainties over Covid are a conrn and ways need to be found to improve our income if annual deficits are to be addressed. The cost of the re-ordering phase 3 (£102,897) has been paid from restricted funds and since the end of the financial year we have received a grant of £16,106 to cover the VAT cost of this work. Reserves policy It is PCC policy to try to maintain a balance on free reserves (net current assets) at a level which ensures the continued operation of the church and building. As highlighted earlier, we still maintain a balance of unrestricted funds that are too great for our needs but must be considered against our failure to ensure that our Budget runs at or near breakeven. In time we anticipate that a necessary reserve of at least three to six months unrestricted payments will need to be maintained. This would be equivalent to £35,000 to £70,000. It would be held to smooth out fluctuations in cash flow and to meet emergencies and the PCC will decide the position taking into account the annual deficit with which we continue to be fad. It is our policy to invest the short term investment fund balances with the CCLA Church of England Deposit Fund, and the remainder in the CCLA Church of England Investment Fund. The investments are shown as valued as at 31 December 2019 and during the year the value has increased by £1676. The investment policy of the PCC has remained unchanged during the year. Volunteers We would like to thank all the volunteers who give their time in whatever way towards the work of our church. Structure, governance and management 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 PCC is a Registered Charity. The method of appointment of PCC members is set out in the Church Representation Rules. At St Mary's the membership of the PCC consists of the Incumbent (our Rector), Licensed Clergy, including House for Duty Priests, Churchwardens, the Readers and members elected by those members of the congregation who are on the Electoral Roll of the church. All those who attend our servicesl 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 on how the funds of the PCC are to be spent. The full PCC met six times during the year with a very good average level of attendance
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ROSS-ON-WYE Registered Charity No.: 1163776 Administrative information St. Mary's Church is situated off the High Street between Church Street and St Mary's Street in Ross- on-wye, postcode HR9 5HD. It is part of the Diocese of Hereford within the Church of England. The correspondence address is The Benefice Office, The Rectory, Church Street, Ross-on-wye HR9 5HN. Registered charity number 1163776. PCC members who have served at any time from 1 January 2020 until the date this report was approved are: Rector and Chair The Rev'd Sean Semple The Rev'd Tiffany Jackson (from 8th July 2020) The Rev'd Prebendary Caroline Pascoe The Rev'd Canon Christopher Blanchard Licensed Clergy Readers Canon Freda Davies Churchwardens Dr John Setchfield Dr Janet Cooper VI Chair Dr John Setchfield (as above) Treasurer Mr Peter Raddenbury (to 20th May 2020) Mr Roy Milnes (from 20th May 2020) Mr Paul Eward Mr Mark Sanderson Mrs Fiona Barnaby (to 7th July 2020) Mr Gerald Altree (from 71h October 2020) Mrs Rachel Lewis (from Ph October 2020) Mrs Fiona Barnaby (to 7th July 2020) Mr Paul Cummings (from 7th October 2020) Mr Bryan Jones Mr Paul Mason (from 7th October 2020) Mrs Anne Morris Mr Peter Reynolds Mr Keith Richards (to 7th October 2020) Mr Mark Sanderson Mrs Karen Vitale (to 7th October 2020) Mr Timothy Waters Mrs Rosie Winyard (from 7th October 2020) Mrs Christine Heather Cattanach (to 22nd January 2021) Mrs Rachel Lewis Deanery Synod Representatives Elected members Intergenerational Missioner Secretary Bankers: National Westminster Bank, 12 Broad Street, Hereford, HR4 9AH The Co-operative Bank, P.0. Box 250, Skelmersdale, Lancashire WN8 6wr
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ROSS4)N-WYE Registerod Charity No.: 1163776 Trustoos, responslbilities in relation to the financial statements The PCC is responsible for all parish finan. its management and control, including the appointment of a Treasurer. While it may delegale some of its duties this does not remove its legal responsibilities. Charity law requires the PCC as Trustees of the Church to prepare an annual report and financial statements for each financial year. The PCC is also required to ensure that these are subjected to an annual independent examination or audit and to present these to the Annual Parochial Church Meeting in accordance with the Church Representation Rules. In preparing these financial statements, the PCC are required to: Select suitable accounting policies and then apply them consistently; Make judgements and estimates that are reasonable and pnjdent; state whether applicable aGGounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and Prepare the financial statements on the going concern basis unless it is inappropriate to presume that the PCC will continue in operation. The PCC are responsible for keeping proper accounting records which disclose wlth reasonable accuracy at any time the financial position of the Church and enable them to ensure that the financial statements comply with the Charities Act 2011 and applicable aGcounting standards. They are also responsible for safeguarding the assets of the Church and hence for taking reasonable steps for the prevention and d8tection of fraud and other irregularities. Approved by the Parochial Church Council on and signed on its behalf by 2021 Chair
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, RossN-WYE Registered Charity No.: 1163776 Independent Examinerfs Report to the Trustees of Parochial Church Council of the Ecumenical Parish of St Mary the Virgin. ROSSn-Wye I report on the accounts of the church for the year ended 31 December 2020 which are set out on pages 8t017. Respective Responsibilltles of Trustees and Examiner The Church's Trustees are responsible for the preparatn of the accounts. The Church's Trustees consider that an audit is not required for this year under section 144(2) of the Charrties Act 2011 (the 2011 Act)) and that an independent examinatson is needed. It is my responsibilty to: Examine the accounts under section 145 of the 2011 Act); To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5){ b) of the 2011 Act); and To stste whether parb"cular matters have come to my attention. Basis of Independent Examinerfs 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 charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual rtems or disclosures in the accounts, and seeking explanations from you as trustees conceming any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is gNen as to whether the accounts present a 'true and fair view, and the report is limited to those matters set out in the statement below. Independent examlnerfs statement In connection with my examination, no material matters have come to my attentK)n which give me reasonable cause to believe that in any material respect: the accounting records were not kept in accordan with section 130 of the 2011 Ac( or the accounts did not accord with the accounting records; or the accounts did not comply with the applicable requirements conceming the form and content of accounts set out in the Charities (Accounts and Report5) Regulations 2008 other than any requirement that the accounts gNe a 'true and fairf view which is not a matter cOnsered as part of an independent examination. I have come across no other matters in connection with the examination to which attention should be drawn in order to enable a proper understanding of the accounts to be reached. David J Bennet( B.A. A.C.A. Chartered Accountant 1 Parsons Croft Hildersley Ross-on-wye 12- vll 2021 Date:
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ROSS-ON-WYE Reglstered Charity No.: 1163776 STATEMENT OF FINANCIAL ACTIVITIES For the year ending 31 December 2020 Unrestricted Restricted Endowment Funds Funds Funds Total Funds 2020 2019 Note Income and endowments Donations and legacies Other trading activities Income from investments Income from Charitable activities Other income 2(a) 2(b) 2(c) 2(d) 2(e) 77,771 13,560 598 6,141 3,333 1,000 78,771 104,624 13,560 22,727 2,006 3,257 6,141 11,485 3,333 2,590 1,408 Total income and endowments 101,402 2,408 103,810 144,683 Expenditure Expenditure on Raising funds 3(a) Expenditure on Charitable activities 3(b) 1,300 146,072 103,049 1,300 1,541 249,121 206,383 Total expenditure 147,372 103,049 250,421 207,924 Net galnsl(losses) on Investment assets on revaluation 4(b) 1.677 1,677 3,794 Net Movement in funds (45.970) (98,965) (144,934) (59,446) Total Funds brought forward 189,162 323,553 512,715 572.162 Total Funds carrled forward 143,192 224,588 367,781 512,715
TrIE PAROCHIAL C14URCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY ThE VIRGIN, ROSS-ON.WYE Regllt•rnd ¢haTlty 140.: 1183776 8ALANce SHEET AT 31 DECEMBER 2020 2020 20. 19 Notès Flxed a55ets., "rangible <I¢Se[ Invéstmént 119.957 119 957 27 2fiO 28 936 Totsl Flx•d Ass 148,893 147,217 Current asstts.. Dcotors terffl deposits Cash ai bank in haTha Patty Ca8h 183 300 337.921 35.342 245 75 Tolal Curront Asg•1• 218.887 368,588 UabllJtl¢s,' Grèdiknfg - Brno falli duL in year 3,090 N•t Curf•nl Assets 218.887 368.498 Total le89 i1111• 367,781 511716 The funds of Ibe ch•ilty Unreslricled ReslriCl£d Er%knent 143.192 189.162 224,588 3?3.5S3 7.n1 $11715 Difforonf £ The notes m p•3es lo to i l pan ol th•s4 8¢counts Agprtsved by the tNGiee8 IZ ¢4 ZOLI and signed on their tsehalf by, Chasr
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARY THE VIRGIN, ROSS-ON-WYE Registered Charity No.: 1163776 NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020 1. Accounting Policies Basis of financial statements The financial ststements have been prepared under the Church Accounting Regulations 2006 in accordan with applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities and applicable accounting standard FRS 102. The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements 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. Fund accounting Endowment Funds are funds, the capital of which must be retained either permanently or at the PCC'S discretion. the income from the endowment is to be used either as restricted or unrestricted income funds depending on the purpose for which the endowment was established in the first place. Restricted Funds represent a) income from endowments that is to be expended only on the restricted purposes intended by the donor, and b) revenue donations or grants for a specific PCC activity intended by the donor. Where these funds have unspent balances, interest on any pooled investrnent is apportioned to the individual funds on an average balance basis. The PCC does maintain a number of separate accounts for some of the restricted funds to ensure correct apportionment of interest. Unrestricted Funds are income funds that are to be spent on the PCC'S general purposes. Designated Funds are general fvnds set aside by the PCC for use in the future and are designated for particular projects for administration purposes only. Designated funds remain unrestricted and the PCC will move any surplus to other general funds. Incoming Resources Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised when the incoming resour to which they relate is received. Grants and legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt is considered certain and the amounts due are readily quantifiable. Dividends are accounted for when declared receivable and interest as and when accrued by the payer. All incoming resources are accounted for gross, except for PayPal, where receipts are net of the charges.
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 20201continued) 1. Accounting Policles (continued) Resources Expended Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan common share contributions are accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross. Fixed Assets Consecrated and benefice propety is not included in the accounts in accordance with s.10(2)(a) of the Charities Act 2011. Moveable church furnishings held by the Rector and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the Church's inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual item has cost more than £1,000 so all such expenditure has been written off when incurred. The property 3 Redwood Close, Ross-on-wye was acquired jointly with the Diocese for use by a Curate that is in post at any time. The PCC contributed the sum of £50,000 for their one-third share of the cost and no revaluation of the propety has been undertaken. Investments are valued at market value at 31 December.
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020 (continued) 2. Income and endowments Unrestricted Restricted Endowment TOTAL FUNDS Funds Funds Funds 2020 2019 2(a) Donations and legacies Planned giving: Gift Aid Donations Tax recoverable Collections (open plate) Collection safe in church Donations, appeals, etc Legacies 53,067 13,255 1,872 1,963 7,214 400 53,067 13,255 1,872 1,963 8,214 400 51,439 14,901 7,520 2,693 6,242 21,828 1,000 77,771 1,000 78,771 104,624 2(b) Other trading activlties Rental income Fund-raising Christmas Tree Festival 100 Club Lent Lunch Flower Festival Harvest Lunch Sunday Morning Coffee Coffee Morning Auction of Promises St Mary's Church Hall 995 1,130 995 1,130 3,168 1,270 4,422 3,174 483 3,042 209 3,042 209 250 1,561 1,633 290 586 290 5,337 5,337 6,765 11,589 11,589 22,727 2(c) Income from investments Dividends & interest inc tax recoverable 598 1,408 2,006 3,257 2(d) Income from charitable activities Use of Church Fees 700 10,785 6,141 6,141 6,141 6,141 11,485 2(e) Other income Brampton Abbotts PCC share expenses Walford PCC share of expenses 183 3,150 183 3,150 204 2,386 Total income and endowments 99,432 2,408 101,840 144,683
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020 (continued) 3. Expenditure Unrestricted Restricted Endowment TOTAL FUNDS Funds Funds Funds 2020 2019 3(a) Expenditure on raising funds Giving Envelopes Fees Materials Adverts Sundries 100 Club 92 20 108 21 1,300 1,300 1,300 1,300 1,300 1,541 3(b) Expenditure on Charitable activities Diocesan Common Share Clergy and Benefi expenses Intergenerational Missioner Heat and Light Cleaning Insurance Water Upkeep of Services Organists and Choir Bank Charges Sundries Building repairs Renewal of Lighting Quinquennial repairs Church New Works Chairs for reordering Boiler service contract Organ maintenance Bell maintenance Christian Giving (See Note 3(c)) Churches Together Subscription Donations Church Hall Stationery Professional Services IT Fees and servIs Upkeep of Churchyard Waste Collections & Disposal Telephone Forwarded Collections 69,300 22,215 8,750 5,507 465 7,863 106 1,666 6,373 20 890 12,484 69,300 22,368 8,750 5,507 465 7,863 106 1,666 6,373 20 890 12,484 69,300 18,708 8,750 7,216 152 7,715 138 1,596 6,327 3,746 102,897 102,897 30,043 29,124 2,502 803 32 4,678 100 564 994 32 310 140 564 994 32 310 140 3,825 146 3,825 146 7,881 1,989 704 655 1,027 407 270 2,671 1,082 1,920 389 1,030 1,082 1,920 389 1,030 146,072 103,049 249,121 206,383 Total expenditure 147.372 103.049 250,421 207,924
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020 (continued) 3(c) Christian Giving Each year the PCC consider donating a sum of up to 5 % of the Incoming Resources for charitable purposes. The donations made are: 2020 2019 Church Mission Society St Peter's Winter Shelter Haygrove Community Gardens- for Ross Community Garden Orchard Trust 900 900 900 900 3,600 A sum of £375 represents the balance of the 5 % available and will be distributed early in 2020. In addition, donations totalling £703.20 have been made to Societe de Paul, Israel and Crisis from the proceeds of events during the year. 4. FIXED ASSETS 4{a) Tangible (all restricted) Improvements Bullding to Property Actuavdeemed cost At 1 Jan 2020 Disposal Additions at cost 50,000 69,957 119,957 At 31 Dec 2020 50,000 69,957 119,957 The PCC have a one~third share in 3 Redwood Close, the curate's house. The money came from the sale of The Little House, a propety owned by the PCC for the use of curates in training within the parish. As the Diocese now provides for curate's housing this property was not needed. The PCC invested a proportion of the sale value of The Little House with the Diocesan Board of Finance to assist with the purchase of another curate's house. In accordance with FRS 11 the freehold building has been reviewed for impairment and no depreciation charge has been made on the grounds that the building is in good repair and has an expected life of over 50 years. 4(b) Investments CofE Inv HDBF Miss CBF Dep Inc shares Williams vla HDBF Miss Sadler Mrs Smith Total At 1 January 2020 Net gain on revaluation 24,076 1,677 621 1,962 300 300 27,259 1,677 Market value as at 31 December 2020 25,753 621 1,962 300 300 28,936
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020 (continued) 5. Debtors (unrestricted funds) Prepayments Gift Aid ~ income tax recoverable Other amounts due 6. Llabilities (unrestricted funds) Uncleared cheques Accruals 7. Transfer between funds The PCC agreed that the property maintenance deposit of £9,530 within the unrestricted funds should be transferred as a designated fund in order to maintain its identity and the use to which this balance can be used. 8. Funds The unrestricted funds, designated funds and restricted funds are detailed on page 16. The resticted funds include the Fabric Fund, and Bequests Fun both of which are to be used for work necessary for the repair and maintenance of the church building. The Colwell Bequest Fund, like the Churchyard Fund, are available for the maintenance of the churchyard. The Organ Fund is for improvements, not regular maintenance, of the organ. For 3 Redwood Close the Property Improvements see Note 4(a). The remaining funds are for the purposes stated.
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020 (continued) 8. Funds (continued) The movements in the unrestricted, designated and restricted funds during the year were: Balance Market Balance blwd value clfwd Income Expenditure Transfers Unrestricted funds General 153,382 101,402 (138,622) 116,162 Designated funds Property maintenance Intergenerational Missioner 9,548 41 9,588 26,250 (8,750) 17,500 189,180 101,443 (147,372) 0 143,250 Restricted funds Fabric fund Lay Assistance Fund Colwell Bequest Fund Bell Fund Organ Fund PA System Fund Bequests Fund Spire Restoration Christian Education Churchyard Fund Garden of Remembrance Fund 3 Redwood Close Property Improvements Choir Scholarship Fund 49,538 29,457 2,720 210 (2,400) 47,348 30,923 2,901 1,466 181 186 6,379 96,647 4,000 718 6,302 187 6,406 97 4,005 1,580 6,516 27 406 (96,957) 1,000 183 (138) 30 6,124 50,000 69,957 1,523 26 6,150 50,000 69,957 1,523 323,552 1,859 (99,495) 1,677 227,592 The legacy by Jessie Cater was only to be used on the fabric of St Mary's Church and for the building and maintenance of a new Church Hall. Charity Commission approval has been obtained that has enabled the Fund to be employed against the charitable objects. The PCC committed to meet a 25 % share of the cost of an Intergenerational Missioner over a five year period. The sum of £43,750 has been allocated to a designated fund for this purpose and the third yearfs commitment of £8,750 has been paid.
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020 (continued) 9. St Mary's Church Hall Committee Receipts and Payments Account For the year ended 31 December 2020 2020 2019 Opening balance - Bank Current Account 1,637 2,263 Receipts Lettings Flicks in the Sticks 4,999 339 5,235 696 6,975 8,194 Payments General repairs Herefordshire Fire Protection Lighting and heating Water rates Insurance Stationery and postage Cleaning Sundries 425 108 974 227 1,763 400 1,874 287 850 377 454 1,205 178 2,565 6,557 Closing balance- Bank Current Account 4,410 1,637 6,975 8,194