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|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<br>3Financial statement notes|11|
|a.Debtors||
|b.Creditors duewithinone year||





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|uring theyear, the|following served as Trustees|oftheclo:|
|---|---|---|
|Chair|RevtVlatthewThomson|CofElncumbent,Banwell&<br>CongresburyBenefice|
|Treasurer|Robert Mitchell|TreasurerforStAndrew's,|
|||Banwell|
||Beth Ashton-Hilton|TreasurerforStAndrew's,|
|||Congresbury|
|lt/emberChurch|GeorginaWalker|RepresentingStAndrew's,<br>Banwell|
|Appointments|lan Stocker|RepresentingStAndrew's,<br>Congresbury|





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|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|<br>19,545|77,O7O|73,Osz|
|Resourcesexpended:<br>Expenditure on charitable activities|52,379|<br>19,655|<br>72,034|<br>66,247|
|Totalexpenditure|52,379|<br>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|





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||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|





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|||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)<br>(1|0|U|
|5|Youth Cast Grant|500|0|0|(500)|0|
||TOTALS|6,447|1e,545|(19,655) (5oo)||<br>5,837|





NEW CREATION CHURCHES MENDIP VALE
End of Year Financial Statements
Year endin8 31 Au8ust 2021
Page 13