| CONTENTS | |
|---|---|
| Co-Chairperson'sReportonFinances | 2 |
| Aim andPurpose | 4 |
| AdministrativeInformation | 4 |
| Structure, Governanceandl\4anagement | 5 |
| Committees.................... | 6 |
| Trustees'Meetings........ | 6 |
| Financial Review............ | 6 |
| Reserves Policy | 6 |
| PoliciesandProcedures | 6 |
| Trustees'Statement | 7 |
| lndependentExaminer's Report | 8 |
| StatementofFinancial Activities...... | I |
| Balance Sheet | 10 |
| Notes totheFinancial Statements /Treasurer'sReport | |
| 1AccountingPolicies........... | 10 |
| 2 | |
| a.Funds | |
| b.lncomingresources | |
| c.Resourcesused 3Financial statement notes |
11 |
| a.Debtors | |
| b.Creditors duewithinone year |
| uring theyear, the | following served as Trustees | oftheclo: |
|---|---|---|
| Chair | RevtVlatthewThomson | CofElncumbent,Banwell& CongresburyBenefice |
| Treasurer | Robert Mitchell | TreasurerforStAndrew's, |
| Banwell | ||
| Beth Ashton-Hilton | TreasurerforStAndrew's, | |
| Congresbury | ||
| lt/emberChurch | GeorginaWalker | RepresentingStAndrew's, Banwell |
| Appointments | lan Stocker | RepresentingStAndrew's, Congresbury |
| tatementofFinancialActivi | ties | |||
|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||
| 2020-202L | 2020-2021 | 2020-2027 | 2019-2020 | |
| lncoming resources: | ||||
| Grants | 0 | 19,545 | 19,545 | 1,500 |
| Charitable income | 57,525 | 0 | 57,525 | 71,552 |
| Total income | 57,523 | 19,545 |
77,O7O | 73,Osz |
| Resourcesexpended: Expenditure on charitable activities |
52,379 | 19,655 |
72,034 |
66,247 |
| Totalexpenditure | 52,379 | 19,655 |
72,034 | 66,?47 |
| Net incoming/(expended)resources | 5146 | (110) | 5,036 | 6,805 |
| Transfers | s00 | (soo) | 0 | 0 |
| Totalfundsbroughtforward | 9,194 | 6,447 | 15,641 | 8,836 |
| Total funds carriedforward | L4,840 | s,837 | 20.677 | 15,641 |
| Total | ||
|---|---|---|
| 2020-202L | 20L9-2020 | |
| Currentassets | ||
| Cashatbankand inhand | 25,279 | 27,569 |
| Debtors(see Note 2o) | 5,14L | 6,474 |
| 30,420 | 28,043 | |
| Liabilities | ||
| Creditors(see Note2b) | 9,743 | L2,402 |
| 9,743 | L2,4O2 | |
| Netcurrentassets | 20,677 | L5,641 |
| Represented by | ||
| Unrestricted-Generalfund | L4,840 | 9t94 |
| Restricted(seenote2c) | s,837 | 6,447 |
| BFWD | INCOME | EXPENSE | TRANSFERS | CFWD | ||
|---|---|---|---|---|---|---|
| 2019-20 | 2020-2t | 2020-27 | 2020-2t | 2020-21 | ||
| 1 | VineCAST Project | 2,000 | 0 | 0 | U | 2,000 |
| 2 | Banwell Office Fund | 0 | 2,940 | 0 | n | 2,940 |
| 3 | NC Coffee & Chat Event | 897 | tt | 0 | 0 | 897 |
| 4 | NC lonafrip 2021 | 3,050 | 16,605 | 9,655) (1 |
0 | U |
| 5 | Youth Cast Grant | 500 | 0 | 0 | (500) | 0 |
| TOTALS | 6,447 | 1e,545 | (19,655) (5oo) | 5,837 |
NEW CREATION CHURCHES MENDIP VALE End of Year Financial Statements Year endin8 31 Au8ust 2021 Page 13