| Annual report for 2020 |
pages | 2- 7 | |
|---|---|---|---|
| Statement offinancial activities | page | 8 | |
| Balance sheet | page | 9 | |
| Accounting policies |
pages | 10 - 11 | |
| Notes to the financial statements | pages | 12 - 15 | |
| Independent Examiner's |
Report | page | 16 |
| Forthe year ended 31 December | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricte | |||||||
| d | Restricted | Total | Funds | ||||
| Funds | Funds | 2020 | 2019 | ||||
| Not | |||||||
| e | f | f | |||||
| INCOMING RESOURCES | |||||||
| Incoming resources from donors |
2a | 73,759 | 110 | 73,869 | 69,761 | ||
| Other voluntary incoming resources |
2b | 26,525 | 32,268 | 58,793 | 239,175 | ||
| Incoming resources from operating |
activities: | ||||||
| -to further the Council's objects | 2c | 7,093 | 0 | 7,093 | 13,356 | ||
| - to generate funds |
2d | 1,577 | 0 | 1,577 | 7,546 | ||
| Income from investment | 2e | 280 | 243 | 523 | 795 | ||
| TOTAL INCOMING RESOURCES | 109,234 | 32,621 | 141,855 | 330633 | |||
| RESOURCES EXPENDED | |||||||
| Activities directly relating to the work |
ofthe | ||||||
| Church | 3a | 90,070 | 18 | 90,088 | 102,805 | ||
| Church management and administration |
3b | 6,889 | 0 | 6,889 | 5,021 | ||
| Costs ofgenerating funds |
3c | 231 | 0 | 231 | 81 | ||
| TOTAL RESOURCES EXPENDED | 97,190 | 18 | 97208 | 107907 | |||
| NET INCOMING RESOURCES BEFORE | |||||||
| OTHER | 12,044 | 32,603 | 44,647 | 222,726 | |||
| RECOGNISED GAINS AND LOSSES | |||||||
| GAIN ON INVESTMENT ASSETS | 4b | 367 | 0 | 367 | 871 | ||
| NET MOVEMENT IN FUNDS |
12,411 | 32,603 | 45,014 | 223,597 | |||
| BALANCES BROLIGHT FORWARD | AT | ||||||
| 1 JANUARY 2020 | 275,823 | 63,833 | 339,656 | 116,059 | |||
| BALANCES CARRIED FORWARD | AT | ||||||
| 31DECEMBER 2020 | 288,234 | 96,436 | 384,670 | 339,656 |
| Church Council ofSt.Faith, Gaywood | Church Council ofSt.Faith, Gaywood | Church Council ofSt.Faith, Gaywood | |||
|---|---|---|---|---|---|
| Balance Sheet at 31stDecember 2020 | |||||
| 2020 | 2019 | ||||
| Note | E | ||||
| FIXEDASSETS | |||||
| Tangible fixed assets | 4a | 225,000 | 225,000 | ||
| Investment assets |
4I3 | 6,106 | 5,739 | ||
| 231,106 | 230,739 | ||||
| CURRENT ASSETS | |||||
| Debtors | 17,961 | 12,821 | |||
| Short term deposits (CBFfunds) | 107,417 | 75,571 | |||
| Cash at bank and | in hand | 29,417 | 21,193 | ||
| 154,795 | 109,585 | ||||
| LIABILITIES:AMOUNTS | FALLING DUE WITHIN ONE YEAR | 6 | 1,231 | 668 | |
| NET CURRENT ASSETS | 153,564 | 108,917 | |||
| NET ASSETS | 384,670 | 339,656 | |||
| FUNDS | 7/8 | ||||
| Unrestricted | 288,233 | 275,822 | |||
| Restricted | 96,437 | 63,834 | |||
| 384,670 | 339,656 |
| Notes to the Financial Statements | Notes to the Financial Statements | Notes to the Financial Statements | Notes to the Financial Statements | for | the year | ended 31 December 2020 | ended 31 December 2020 | ||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | funds | ||||||
| funds | funds | ||||||||
| 2020 | 2019 | ||||||||
| 8 | |||||||||
| 2 | INCOMING RESOURCES | ||||||||
| 2a | Incoming resources from |
donors | |||||||
| Planned giving |
58,850 | 58,850 | 50,708 | ||||||
| Income tax recoverable | 12,416 | 110 | 12,526 | 13,300 | |||||
| Baptisms, weddings | and funerals | 67 | 67 | 887 | |||||
| General collections | 2,426 | 2,426 | 4,866 | ||||||
| 73759 | 110 | 73,869 | 69,761 | ||||||
| 2b | Other voluntaryincoming | resources | |||||||
| Donations and general |
bequests | 26,525 | 26,525 | 14,010 | |||||
| Grants received | 24,500 | 24,500 | 165 | ||||||
| Bungalow | 700 | 700 | 225,000 | ||||||
| Dementia WN |
7,068 | 7,068 | |||||||
| Legacies | |||||||||
| 26,525 | 32,268 | 58,793 | 239,175 | ||||||
| 2c | Incoming resources from |
operating | activities: | ||||||
| -to further the Council's | objects | ||||||||
| Fees | 6,624 | 6,624 | 11,503 | ||||||
| Together magazine | 469 | 469 | 1,724 | ||||||
| Miscellaneous income |
129 | ||||||||
| 7,093 | 7,093 | 13,356 | |||||||
| 2d | Incoming resources from |
operating | activities: | ||||||
| - to generate funds |
|||||||||
| Church office printing | 60 | 60 | 566 | ||||||
| Church office miscellaneous | income | 32 | 32 | 12 | |||||
| Other income | 1,283 | 1,283 | 2,750 | ||||||
| Fund-raising | 202 | 202 | 4,218 | ||||||
| 1,577 | 1,577 | 7,546 | |||||||
| 2e | Income from investment | ||||||||
| CBFDeposit Fund and | bank | interest | 104 | 243 | 347 | 623 | |||
| Charities Investment |
Fund dividends | 176 | 176 | 172 | |||||
| 280 | 243 | 523 | 795 | ||||||
| TOTAL INCOMING RESOURCES | 109,234 | 32,621 | 141,855 | 330,633 |
| Unrestricted | Restricted | Total | funds | |||||
|---|---|---|---|---|---|---|---|---|
| funds | funds | |||||||
| 2020 | 2019 | |||||||
| E | E | |||||||
| 3 | RESOURCES EXPENDED | |||||||
| 3a | Activities directly relating | to the work ofthe Church | ||||||
| Diocesan parish | share | 63,000 | 63,000 | 61,000 | ||||
| Methodist circuit |
contribution | 13,286 | 13,286 | 19,663 | ||||
| Parish expenses | 2,057 | 2,057 | 3,174 | |||||
| Upkeep ofservices | 318 | 318 | 517 | |||||
| Church running |
expenses | 5,272 | 5,272 | 6,775 | ||||
| Church maintenance | 1,202 | 1,202 | 4,838 | |||||
| Childrens' work |
23 | 23 | 163 | |||||
| Subscriptions | 581 | 581 | 760 | |||||
| Catering | 127 | 127 | 179 | |||||
| Depreciation | 989 | |||||||
| Donations | 374 | 374 | 926 | |||||
| Mission and outreach | 315 | 315 | 198 | |||||
| Christmas Day meal |
2,687 | 2,687 | 388 | |||||
| Dementia cafe | 285 | 285 | 620 | |||||
| Bungalow project | 18 | 18 | 1,978 | |||||
| Bank charges | 543 | 543 | 637 | |||||
| Miscellaneous | ||||||||
| 90,070 | 18 | 90,088 | 102805 | |||||
| 3b | Church management | and | administration | |||||
| Church office | 6,889 | 6,889 | 5,021 | |||||
| Office manager | ||||||||
| 6,889 | 6,889 | 5,021 | ||||||
| 3c | Costs ofgenerating | funds | ||||||
| Fund-raising | 231 | 231 | 81 | |||||
| TOTAL RESOURCES EXPENDED | 97,190 | 18 | 97,208 | 107,907 |
| Bungalow | Total | |||
|---|---|---|---|---|
| E | E | |||
| Actual/deemed | cost at | 1 January 2020 | 225,000 | 225,000 |
| At 31 December 2020 | 225,000 | 225,000 | ||
| DEPRECIATION | ||||
| Charge for the year | ||||
| At 31 December 2020 | ||||
| NET BOOK VALUE | At 31 December 2020 | 225,000 | 225,000 | |
| At 31 December 2019 | 225,000 | 225,000 |
| 4b | investment assets |
||
|---|---|---|---|
| Movements in the year: |
|||
| Market value - 1 January 2020 | 5,739 | ||
| Net gain on disposals and annual | revaluation | 367.03 | |
| Market value -31 December 2020 | 6,106 |
| LIABILITIES:AMOUNTS | LIABILITIES:AMOUNTS | FALLING DUE WITHIN ONE | FALLING DUE WITHIN ONE | |||
|---|---|---|---|---|---|---|
| 6 | YEAR | 2020 | 2019 | |||
| 6 | ||||||
| Accruals and deferred | income | 1,211 | 668 | |||
| Other creditors | 20 | |||||
| 1,231 | 668 | |||||
| 7 | ANALYSIS OF NET ASSETS BYFUND | |||||
| Unrestricted | Restricted | Total | ||||
| funds E |
funds | fundsf | ||||
| Fixed assets for Church | use | 225,000 | 225,000 | |||
| Fixed asset investments | 6,106 | 6,106 | ||||
| Current assets | 58,358 | 96,437 | 154,795 | |||
| Interfund balance |
||||||
| Current liabilities |
-1,231 | -1,231 | ||||
| Fund balance | 288,233 | 96,437 | 384,670 | |||
| 8 | FUND DETAILS | 2020 | 2019 | |||
| 6 | 6 | |||||
| Fund balances at the Balance Sheet date are as follows: | ||||||
| Unrestricted funds |
||||||
| Unrestricted general |
funds | 284,228 | 271,410 | |||
| Designated funds: |
||||||
| Rector 8Warden's | Fund | 1,029 | 1,138 | |||
| Catering Fund |
982 | 982 | ||||
| Flower Fund | ||||||
| J Collison donation | 280 | 280 | ||||
| Christmas Day Meal |
280 | 812 | ||||
| After school club | 232 | 232 | ||||
| Dementia cafe | 1,051 | 818 | ||||
| Youth fund | 150 | 150 | ||||
| 288,233 | 275,822 | |||||
| Restricted funds | ||||||
| Organ Fund | 4,297 | 4,279 | ||||
| Church Repairs Fund |
7,042 | 7,012 | ||||
| Radcliffe Centenary | Fund | 5,740 | 5,716 | |||
| Bungalow project (CBFfund) | 66,067 | 34,397 | ||||
| Bungalow project (community | account) | 5,124 | 11,517 | |||
| Bungalow project (R&W account) | 90 | 9 | ||||
| Training fund |
899 | 899 | ||||
| Restricted fund gift aid | (Bungalow) | 110 | 4 | |||
| Dementia WN |
7,068 | |||||
| 96,437 | 63,833 |