4t Trust in the Lord with a//your heart and lean not on your own understanding,. in c711your ways submit to him, and he wi// makeyour paths straight. Proverbs 3.'5-6 Annual Report and Financial Statements for the parish of Kingsclere For the year ended 31st December 2020
Financial Statements for the Year Ended 31 December 2020
Receipts and Payments Accounts
| Note RECEIPTS Voluntary receipts: Planned giving Collections All other giving/voluntary receipts 4a Tax and Gift Aid recovered Activities for generating funds 4b Investment income Church activities 4c Total receipts PAYMENTS Church activities: Diocesan parish contribution Clergy and staffing costs Church running expenses 4d Cost of generating funds Total payments Surplus/(deficit) of receipts over payments Transfers between funds Cash at bank and in hand at 1 January including liabilities as at 2019 year end Cash at bank and in hand at 31 December |
Unrestricted funds Restricted funds Total 2020 Total 2019 £ £ £ £ 40,267 - 40,267 35,774 3,681 - 3,681 9,630 23,248 15,808 39,056 37,807 12,175 - 12,175 20,518 |
|---|---|
| 79,370 15,808 95,178 103,729 11,495 - 11,495 18,886 8,642 - 8,642 15,726 8,566 - 8,566 8,752 |
|
| 108,074 15,808 123,882 147,093 |
|
| 50,596 - 50,596 46,361 19,958 - 19,958 22,479 36,060 632 36,692 69,316 |
|
| 106,614 632 107,246 138,156 10,108 - 10,108 9,645 |
|
| 116,722 632 117,354 147,801 |
|
| (8,648) 15,176 6,528 (708) - - - - |
|
| (8,648) 15,176 6,528 (708) 135,006 2,867 137,873 137,205 |
|
| 126,359 18,042 144,401 136,497 |
Financial Statements for the Year Ended 31 December 2020
Statement of Assets and Liabilities
| Statement of Assets and Liabilities | ||||||
|---|---|---|---|---|---|---|
| Unrestricted funds | Restricted | Total 2020 | Total 2019 | |||
| Note | funds | |||||
| £ | £ | £ | £ | |||
| Cash funds | ||||||
| Bank current account | 31,907 | 18,042 | 49,949 | 52,363 | ||
| Petty Cash | 300 | - | 300 | - | ||
| 32,207 | 18,042 | 50,249 | 52,363 | |||
| Investment assets | ||||||
| Investment funds held at market value | 2 | 94,152 | - | 94,152 | 85,510 | |
| Cash at bank and in hand at 31 December | 126,359 | 18,042 | 144,401 | 137,873 | ||
| Liabilities at year end | - | (743) | (743) | (1,376) | ||
| Assets retained for church use after liabilities | 126,359 | 17,299 | 143,658 | 136,497 | ||
| Notes | ||||||
| 1. The financial statements of the PCC have been prepared in accordance with | the Church Accounting Regulations | |||||
| 2006 using the Receipts and Payments basis. | ||||||
| 2. Funds are held in the CCLA CBF Church of | England | Investment Fund. Returns are used for ordinary church | ||||
| purposes. | ||||||
| 3. The movements in restricted funds and liabilities at | 2019 year end during the | year were: | ||||
| b/fwd | Transfers | Receipts | Payments | c/fwd | ||
| Breakfast fund | - | - |
- | - | - | |
| Flower fund | - | - |
100 | - | 100 | |
| Keystone fund | - | - |
- | - | - | |
| Kyankowe fund | - | - |
- | - | - | |
| Mission fund | 1,491 | - |
- | - | 1,491 | |
| Nave Chair fund (closed) | - | - |
- | - | - | |
| Children & Family Fund | - | - |
6,708 | - | 6,708 | |
| Drainage Project Fund | - | - |
9,000 | - | 9,000 | |
| - | ||||||
| Liabilites at 2019 year end | 1,376 | - |
- | 632 | 743 | |
| - | ||||||
| 2,867 | 18,042 | |||||
| - |
The Breakfast fund represents monies to pay for meals before services within the Parish.
The Flower fund represents donations to be spent on flowers at the Church.
The Keystone fund is designed to develop and improve the present Church building.
The Kyankowe fund represents funds raised to be donated to Mityana Projects Trust.
The Mission fund represents monies restricted to only be spent on evangelism.
The Children & Family Fund can only be spent on children and family activities.
The Drainage Project Fund can only be spent on the project repairing the church's drainage.
Financial Statements for the Year Ended 31 December 2020
- Further Analysis of Receipts and Payments Accounts
| Note RECEIPTS a) All other giving/voluntary receipts Donations Grants Contribution from AHwH b) Activities for generating funds Fete Parish magazine Lights, Coffee Mornings and other c) Church activities Fees for weddings and funerals Room hire PAYMENTS d) Church running expenses Donations Utilities School Bibles and Youth Mission Cost of services Repairs and maintenance AV and music upgrade Insurance |
Unrestricted funds Restricted funds Total 2020 Total 2019 £ £ £ £ 9431.26 15,808 25,239 7,477 4,178 - 4,178 20,695 9,639 - 9,639 9,635 |
|---|---|
| 23,248 15,808 39,056 37,807 |
|
| - - - 5,522 10,645 - 10,645 10,980 850 - 850 2,384 |
|
| 11,495 - 11,495 18,886 |
|
| 8,566 - 8,566 7,895 - - - 857 |
|
| 8,566 - 8,566 8,752 |
|
| 1,020 - 1,020 7,669 2,488 - 2,488 2,951 - 632 632 - 6,781 6,781 10,207 20,698 20,698 43,574 290 - 290 374 4,783 - 4,783 4,541 |
|
| 36,060 632 36,692 69,316 |