the Lne Sheffield The Parochial Church Council of the Ecclesiastical Parish of The Vine Sheffield (Known as 'Yhe Vine Sheffield") Annual Report and Financial Statements for year ended 31 December 2020 Registered Charity Number 1171476
The Vlne Sheffleld Contents Page Administrative informatlon Annual Report Independent examinerfs report Receipts and payments account io Statement of assets and liabilities li Notes to the accounts 12-16
The Vine Sheffield Administrative information For the year ended 31 December 2020 St. Stephen's Church Building is situated on Fawcett Street in Netherthorpe, Sheffield S3 7PL. St Bartholomews Church Building Is situated on Primrose Hill, Sheffield 56 2UW. It is part of the Diocese of Sheffield within the Church of England. The correspondence address Is The Vine Sheff ield, St Bartholomew's Building, Primrose Hill, Sheffield S6 2UW PCC members who have served from April 2019 until the date this report was approved are.. Incumbent- Rev. William Briggs Curate.. NIA Lay VSce-Chalr: Ben Widdows Wardens: Stephen Hill Paul Sheridan Andrew Bryce Ire518ned October) (instated October) Treasurer Jonathan Smith Representatives on Deanery Synod., Ann Humphreys Tim Hawkins Stephen Hill (resigned October) (resigned October) Ilnstated October) PCC Secretary David Smith Elected members: Gill Wier Dave Neath Vicki Neath Martln Horton Ben Widdows Jonathan Smith Claire Law rina Powell-wiffen Alan Harrison Andrew Wier (resigned October) Ilnstated Octoberl (instated October) (instated Octoberl The PCC'S bankers are The Royal Bank of Scotland. Yorkshire Banl Natwest and CAF. The Independent Examiner is: Sarah Lightfoot, FCA DChA On behalf of. VAS Community Accountancy, The Circle 33 Rockingham Lane, Sheffield. Sl 4FW
The Vine Sheffield Annual Report For the year ended 31 December 2020 Oblectlves and actlvlties The objective of the PCC 15 promoting in the parish the whole mission of the church, pastoral, evangelistlc, social and ecumenical. The Vine Sheffield is an Anglican Church and Ecclesiastical Parish in the areas of Netherthorpe, Upperthorpe, and the Lan85ett Estate in Sheffield. Our purpose statement is: "As an open and prayerful community, it is our desire to know and encounter God's love In deeper ways and to grow in our response to that love, Challenging each other to become more l ike Christ and through livin8 Out the values of the Kin8dom of God we will look to create and develop a network of loving relationship5 where people can be transformed by encountering Jesus. And we will seek to serve our neighbour, prayerfully expectin8 God to be at work by following God's lead. When plannin8 our actlvities for the year, the Incumbent and the PCC have consldered the Charity Commission's guidance on public benefit and. in particular. the specific 8uidance on charitie5 for the advancement of reli8ion. Revlew of the year The activities and achlevements of the Parish In 2020 has been domlnated by the response to the Covid-19 pandemic. Public worship was suspended when required with a small service resumin8 on sunday afternoons. A youtube livestream on Sunday mornin85 has been a rnain focus of worship and discipleship. A zoom meeting following the stream on most Sundays has allowed for ongoing fellowship. In-person activities have ceased. The conclusion of the Thursday Communlty Cafe was brou8ht forward in March 2020. Thecafezero Foodcycle meal ceased to operate atthe same tlme. Other activities have moved to an online or virtual form. Godly Play session5 were held by Kathryn Lord in the first half of the year. Most of our small groups have found a way to continue to meet online. When allowed by regulations. our Thursday morning smoll group has met as a support group at St. Barvs.
The Vine Sheffield Annual Report For the year ended 31 December 2020 From the beginningof the pandemic the PCC recogni5ed thatthere would be some who would be particularly disadvantaged by the circumstances. A Yemporary Pastoral Fund" was authorised by PCC to provide discretionary assistance when possible. This fund has beers used to a5515t house-bound people with some of the fabric of their accommodation. It has also been used to a5SiSt those who are otherwlse unable to access the internet or digital services. Our livestream services were initially provlded from the vicarage. As restri¢rions began to ease, this location was moved to St.Barts. to allow for a team to form and grow around the provision of the livestream. The location at St. Bart's accorded with the tentative decision of PCC to begln consolidating our Sunday presence at St. 8art's. The formation of the team accords with the need for a robust "Focal Minlstry Team" In the dlocesan structures that Ile ahead. Towards the end of the year our thou8hts a150 turned to the outreach that might develop at both ends of the Parish in the years to come. 8y the end of the year a mission audit process was being developed for our S6 end around the Langsett and Philadelphia estates. At St. Stephen's, a House of Prayer min istry was developed by a small team to provide daily prayer and worship as a foundation for new ministries to emerge in Netherthorpe and surrounds. We are takin8 particular note of the international and student commvnities in the $3 end of the parSsh. From December 2020, we have hosted Rock Community Church, as an Interlm hlrer of St. Stephen's. The proce55 for uniting of benefice with St. Timothrfs Crookes was actioned throughout 2020. The work to align the operations and mi55ion of the two parishes also commenced and will be substantial work In 2021. Chur¢h Attendance & Meetin8s: There were 69 parishioners on the Church Electoral Roll at the time of the last APCM (October 20201. this represents an increase from the figure reported last year of 56. Review ol the year: The full PCC rnet formally 9 times durlng the year. This was more frequer)t than the planned 6 as it include5 ad-hoc meetings to sign off accounts, post-APCM and additional meetings to deal with additional issues arising from the Covid-19 pandemic. Standing committee met between meetings and minutes of their deliberations were recelved by the full PCC and discussed where necessary.
The Vine Sheffield Annual Report For the year ended 31 December 2020 Key changes during 2020 The response to the pandemic resulted in a number of changes. This included the hastening of the closure of the Thursday Cornmunity Cafe, and the closure of the Cafe Zero foodcycle partnership with Timebuilders at St. Bart's. in March 2020. Public worship at St. Stephen's was suspended in March 2020 and church community gathered online via YouTube livestream and zoom. In-person public worship recommenced in the parish in July 2020, at St. Bart's, takin8 into account Covid19 regulations, as well as the tentative decision made by PCC in early 2020 to consolidate our Sunday activities at St. Bart's. This public worship was a small service In the afternoon, complementin8 the morning live stream. A House of Prayer prayer room commenced at St. Stephen's in November 2020, meeting according to regulatior)s. In response to restructurin8 of stipended ordained ministry In the Diocese and Deanery, throughout 2020 there has been conversation with St. Timoth¢5 Crookes towards forming united benefice of the two parishes. The PCC of The Vine formally approved this intention in March. The Diocesan Mission and Pastoral Committee fofmally commenced the process for draftlng a pastoral scheme in the middle of the year. We expect the beneflces to be united in July of 2021. Personnel changes: Amy Hole was placed with the church as an ordination candidate from late 2019 until March 2020. In late 2020 we learned that Arny will join the forthcomin8 united benefice as our Curate. Kathryn Lord, children's worker, and Godly Play leader, left the church in August 2020, Because of the pandemic the APCM was delayed until October 2020. At this point Steve HS11 stepped back as Warden. Andrew Bryce was elected as a new warden alongside Paul Sheridan. Steve was elected as our Deanery Synod representative. In preparation for the united benefice as a Mission Area for "Oversight Ministrf the vicar formed a "Ministry Leadership Team" to seNe as a strategic advisory group for the Incurnbent. The members of this team are Rev. Gill Bri88s, Paul Sheridan, Tina Powell-wiffen, Dave Neath, Claire Law, and Steve Hill. From October 2020 our safeguarding administration was delegated to Siobhan Melville, the admlnlstrator at St. TimothWs Crookes. Gill Wier remains the Safeguarding Officer at The Vine.
The Vine Sheffield Annual Report For the year ended 31 December 2020 Future Plans The angoing pandemic inserts a degree of uncertainty in the plans for 2021 and beyond. However, there are three dominant factors that inform our planning.. l. The uniting of benefice with St. Timothy's Crookes. An Interim Councll has been formed, consisting of representatives from both parishes, that will advise PCCS on opportunities for cooperation, collaboration, and alignment of church management. This will be a substantial piece of work throughout 2021. Significant Structural or stafflng changes are not expected the immediate term. Shared budgeting, including the employment of an Operations Manager suited to the size of the new benefice, will be part of the medium- term planning ahead of 2022. 2, The recommencing of in-person worship will require care and thoughtfulness. The consolidation of Sunday location at St. Bart's will require that we revisit the necessary bullding work that was being considered in early 2020. Our desire is to be driven by mission and a mission audit process for the Langsett and Phlladelphia Estates is bein8 commlssioned to inform our activities in S6. 3. The consultation in 2019 and 2020 affirmed that we do not wish to abandon elther end of our Parlsh, Our presence and activities at St. Stephen's will be 8iven serious consideration in 2021. St. Stephen's commences 2021 as a venue for hlre to Rock Community Church. Subsequent to the end of that arrangement a change of statu5 to Festival Chu rch may be appropriate. More importantly, outreach and mi55ion in Netherthorpe is in a different context to that in S6. As part of the benefice considerations, the use of the current vicarage In Upperthorpe Rd for mission purposes has been assured by the Archdeacon. We will need to spend 2021 planning and budgeting for mission activities that can be located there. It is likely that a form of intercultural outreach with the inclusion of students will be relevant in the Netherthorpe Area. Flnanclal Revlew We are pleased to note that. in a year of uncertainty which has impacted many voluntary organisations in a number of different ways. The Vine has had a relatively stable year financially. Whilst the PCC made worst-case scenario revisions to our budget in March 2020, our eventual position was close to break-even. even having designated funds to a Temporary Pastoral Fund, helping individuals strLfggling a5 a result of the Covid-19 pandemic.
The Vine Sheffield Annual Report For the year ended 31 December 2020 We remain cautious about potential financial issues arising as a result of the pandemic, but feel able to plan for 2021 based on continued strong giving & investment i ncome, combined with relatively stable fixed costs. l rncome The Vine recelved £132,756 In total durlng 2020, an increase of £8,456 on 2019's receipts. Of this income, £105,084 was received into General Funds, £315 into Designated fund5 and £27.357 Into Restricted funds Ithe majority of which was a £25,500 common fund contrlbutloll grant sent to us by the Sheff ield Bur8e55es Trust on the cond ition it was sent straight to the Dioce5el. Overall dorbations increased Sn 2020. Whllst there was a significant decrease In collectlons at services, planned glvin8 increased in 2020, and there were a number of ad-hoc online donatlons. Building Hire income almost halved in 2020, reducing from £8,200 to £4,435, however the effects of thls were mitigated by continued strong investment income1£15,9021 alongslde some other ad-hoc sources of income. Ex endlture £140,589 was spent to provide Christian ministry at The Vine PCC, of whlch £106,140 was from General Funds, £5,777 from Designated Funds and £28,672 from Restricted Fund5. Whilst a many running costs have remained at a similar level to 2019, there was a marked increase in building maintenance costs, and cost5 associated with setting up and maintaining online services (for which we did receive a small amount of grant money, £500, from 3 dSocese initiatlvel. Staff salaries remained fairly consistent in 2020. despite the decision to furlough a member of staff, as the church decided to continue paying full salaries, whilst recouping some cost5 via the furlou8h scheme. £5,000 was transferred from General Funds to establish the Temporary pastoral fund Iwhich was also established to receive incorne from indivldual donors). Most of this balance was spent on initiatives during 2020, and decisions about it5 continuation are being made as part of the 2021 budgeting proces5.
The Vlne Sheffield Annual Report For the year ended 31 December 2020 Net Position & Balances During 2020, The Vlne spent £7,883 more than It received. However. sirtrce Deslgnated and Restricted10sses amounted to £6,777, the General Funds deficit was more limited at £1,056 Ibefore transfers). The balances carried forward at 31 December 2020 on general funds totalled £27,553, restricted funds £8,661 and the designated funds £240,275 leading to an overall total of £276,489. The total market value of investments held on 31 December 2020 was £555,255. Reserves Policy It is PCC policy to maintain a balance on 8eneral funds to cover emergency 51tuations that may arise from tlme to time. This is a minimum of £24,0(M) based on three months of expected expenditure of general funds, including only the three admin and cleaning salaries related to this. Whilst we do not currently employ staff at this level, it feels prudent to maintaln a high level of reserves, however the reserves policy will be reviewed if circumstances significantly change, Dlsregarding the balances held in Designated and Restrlcted funds, The Vine's general fund balance at 31 December 2020 of £27,553 met this reserves requirement. Overall balances will continue to be monitored on a regular basis during 2020. In additlon to the general funds £240,275 was held as designated funds. £200,000 of this is de518nated towards the St Bart'5 redevelopment. 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 registered with the Charity Cornmi55ion on 6 February 2017, as it'5 income exceeded £IOO,000. The Charity number is 1171476. The method of appointment of PCC members is Set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. New PCC members receive appropriate training and induction, drawing on Diocesan courses where necessary. The PCC meets on average every two months. Operational issues between PCC meeting5 are considered by Standing Committee Iwhich consist5 of the Vicar. Wardens, Treasurer, and one/two other PCC members).
The Wine Sheffield Annual Report For the year ended 31 December 2020 The annual report and financial statements were approved by the PCC on ?02[ Signed on thelr behalf by Will Brig85 Ilncumbentl
Independent Examinerfs report to the PCC Members of The Vine Sheffield I report to the PCC members on my examination of the account5 of The Vine Sheffield (the Charity) for the year ended 31 December 2020. Responslbllltles and basis of report A5 the charity PCC members of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Art 20111'the Act'l. I report in respect of my examination of the ChariV5 accounts carried out under Section 145 of the 2011 Act and Sn carryin8 Out my examination I have followed all the applicable Dlrectlons given by the Charity Commission under sectlon 14515llbl of the Act. Independent examlnerfs Statement I have completed my examination. I confirm that no material matters have come to my attention In connection with the examination giving me cause to believe that in any material respect.. accounting records were not kept In respect of the Charity as requlred by section 130 of the Act- or the accounts do not accord with those records. I have no concerns and have come across no other matters in connectlon wlth the examination to which attention should be drawn in this report in order to enable a proper understandlng of the accounts to be reached. Signed: Sarah Lightfoot, FCA, DChA On beholf of.. VAS Community Accountancy The Circle 33. Rockingham Lane Sheffield SI 4FW Date.. 29 April 2021
The Wne, SheffiEld Recelpts and paymenis For the yeareffided 31 atrnbEr 2010 Gonoral Doslytsd Res¢rkied Emdowment nds luThds fvnds fvnds 2020 Tot¥1 2019 Recelpts frorn: Oonatlons Planned OvlnÉ CollectiDTrS at 5pnri¢e5 other81¥1 Gift ald recovered Le8acle5 Church aCuv1es 58,089 386 3,070 15,424 500 56,581 1661 1,241 16.819 1,711 15,424 1,357 4.435 4.2CK) 4,435 4,100 325 8,200 4,200 2,087 2,140 766 LI309 L442 15,854 Churrhflat rental CalelrKome Weekend away Incorne PCC fee$ Grants Other Invostrnent in¥ Furlough sthEme 8rant 315 220 220 16,rJJo 2.442 15,902 Ln3 2,442 15.902 1.773 Totil r•¢•lpts 105.084 315 17.357 132.756 124,3 P•yNnt5frorn'. Church icbvirits GI11nd don8•$ Common Fund suff cosis cler and stalf expenses Mission and evaniellsm Cafe CeS15 Mutual Ble$51Ns- attlty tosts Y¢u¢h work Weokoftd 4Way other mlssbn in¢ evan8elism costs Church and centre runnln8 Costs Upkeep o15ervice5 Heailn&118hilnB and Insur3nC¢ 8uildin& rnaintenartee toits Other runnin8 Costs Govem?n¢e costs Major iepalrs 4.SlZ 1,357 15,5Q) 14,469 71,616 14.146 1,301 46.116 14.146 1,302 45,Z12 24,083 2,317 2$7 257 420 1,994 3,602 410 2,519 4,583 37 37 a.702 15,675 8.812 4,202 15,67S 9,J75 7,107 600 861 16,556 7,.562 7.574 563 332 316 316 1,008 59 856 Major bulldln8work Other costs REturn of srant noi spent 249 946 104140 28.672 I),$69 126.123 Nat r•c•lptsllpaym4ntsl IL0561 15A621 11,3151 17,8331 11.8131 Tr£n5fer5 15.fO)I Net Th¢wern2nt In lunds 16.0561 14621 IL3151 17.8331 11.8231 Total cèsh funds broteht forwai 33.6 240.737 9,976 284,322 286,145 Totsl cash lUndS£4rrl forward Z40 175 8,661 276,489 284.3Z2 io
Tha Wirte. Sheffleld 51atementof knsets and UabSlltSes As at 31 December 2020 EndowfflLt funds Yotal 2020 knd5 2019 C•sh fwds ank current accounts D¢p05it account Cash In hand 7572 19,981 3.894 236,274 107 8,661 20,127 6.255 107 42,299 241.614 T11 czsh funds 240 275 176 489 Diblor5 Gfft Ald cl?Im Bulhlin8 hlre Income Flat rental Income Grant-5heffle Churth BurgessesTn 3.898 526 3,898 526 3,B98 32 181 25,500 Totsl debtors 4,605 4,605 29,611 InvÈitminl •ss•ti CCiA investment fund- accumulated fvr CCLA Investment fund- Inccffie shares 3481 521,174 34.081 521,174 32.036 488,605 Total Invtstmnt 555.255 555,255 520,645 Uabllltles Independer)t examlfiatlort fee ljurch ènd centro rnn1th&CO5ts oiher running rosts Otherexpen&es Cornmon Fund BlIdIng hlre Sncorne 192 48 192 332 121 165 25,5 28,178 APprd by the PCC on and on th•ir behalf by. Ilncumbenil li
The Vlne, Sheffleld Notes to the flnandal statements Forthe year ended 31 OÈtÈmber 1020 l A¢countlng poll¢les Ba51s of kvep3ratlon The account are prered In with the Chèrrty CoMrntsS Euldance on "Recelpts ané payments" accounts and the Church Accountln8 Regulatlon 2016. Recelpts & payments aecount Receipts and piyments accounts are statements that svmmorise the ffrfjvempnt ol cash into and out of the orianlsatlon durlng the flninclal year. In tiis context'cash Includes casb equi¥8lenrs. for example. bank acCenIS where cash can be readlly withdrawn to pay ftsr debts os they become du2. Funds General fund5 are donotion5 and other IDcome reCeIble or Bener3ted fur the ¥bJErt5 of the or8aD15ation wlthout further specllled purpose. Deslgnated funds are set 151de at the dlscretlon oFthe PCC Resirltted funds are to bÈ used for specific purposes as146d down by the donor. Endowment funds arSse from sgecific gifts leli io the thurch and are held as investments. The Investment income generated from these Investments ton be used towlards the general pyrpw¢s of the th•dty. Z Deslin•ted fvnds C4sh funds 1x0h1 forw•rd Cash fuThd5 arrled forward Sncome Exp¢hdllur• Tr4n$ler5 Vlcèrs d15cretlonary fund Advènclng Kln8dom purposes 5t Bart'5 F8b¥lc Fund St 8art'5 Buildin6 Improvemeni Fund ComrnunSty Cafe Temporary pastoral fund 4,459 34.491 1,729 100.coo 58 12871 4,172 34,491 721 200,OChJ 116 775 li.C¥)81 315 1257 14,2251 140,737 315 15,7771 240,275 Vk¥i$ dls¢r*tlon•ryfund These lund5 have ari%en on rhe con5dldarlon of the George's thvrth charities and other tharltles. PreoU91¥ under the ausplces of the Netherihorpe Parlsh Trustees, now under The Vlne PCC. The si Geor8e's churth Charitles are to be used for the relief of sl£kness or need in the fom)er e£cSE3$t[Cal parfshÈs of St Geor8e and St Stephens. The PCC have de¢lded that the funds contlnue to be used within the charitable pvrposes, far the discretionary use of the ViGir, or to coniribute towards church-led prolec15 whlch beneflt the sick andloF need¥. Advan¢lw Klnidom purp$ Whlle moniE5 sriii txlsi In the Fund, Ir S11 be spen., on advandng KlThgdorn purposes wtthln thE Parish, wlth sn unanitnOU5 dEcision from PCC on what to spend it on. Advanced Kingdom purposes could inthde 5pendlng It the builolng5, in line wlth dlscus51ons within the PCC about how the bulldin8s caTh be used to kinBdDm purp05e5. Investment Incorne from the undertylng cash held for this fund wi,1 be applied to thi5 fund. st rt'S Fabrlc Fund This fund origirally arose on des(gnation by the PCG and be spent on maintenance to the fabric of St Bart's bulldings. The PCC aBreed 10 use the St Bari's Fabric Fund money igwards a feasibiliiy study and ar£hliects brief fer rede¥elopinÉ St 8art's buildln8. Money has also been speTrt on architects, drawings. 12
The Vlne, Sheffleld Notes to the fiJaTr¢lal ststements For the year ended 31 December 2020 2 DeslinatEd funds. CQntlnuEd St Oart'i Bulldln8 Improvement Fund As part OF the PCC'5 move to a totsl retvrn approach to thelr in¥ests))enty £200.c¥xJ has beèn designated towards the planned major bulldlng work ar st Oart's. See note 4 forfurtherdetalls. The Interest on the Improvement fund Investrnents has been treated as gener•1 fund Ints)me to help lund ongoing church costs, In Ilno wlth PCC dec15ions in ZOI6. Communltyca The Communlty Cafe fund contdbutes some o15t5 surplus Inwme to genernl Fund5 due to Its use of St stephen's buildlng. The bulldlnE use conirlbutlons are shown as fransfets between fvnd5. Tempornry pastoMI A new fund, the Temporary Pastoral Fund. was uèated In 2020 In response to any flnafidal need arl&ng from parlshloner$. ¢r others. as • result of C¢Wd-19. The PCC ègr•ed to transfer £5,000. which would be admlnlstered by nomlDated indlvldua15 from StJndln8 Commlttee. 3 Rostrlcted Cash IndS brouihi forward C•sh fvnds Note Inc¢m• Exptfidl¢urt Trinsfers f¢rw•rd Mutuèl Blessln8S Sl Barts community me•l.related Èxpertses Church weekend awav Temporary pasiDral fund Diocesan Grant Cornmon Fund wntrlbution 2019 9,571 906 15011 14201 18951 9,151 1,357 5Tr) 25.sc 11.3571 125,5fXJI 9.976 17,357 128,6721 8.661 Mutuol Ble551n The Mutual 8les$ini$ Irints #rE t) be spent on promotin& trainln8 and enabling equipping thurches to undertake Godly Play withln iheir own 5ettlng and lor Godly Play to be taken more into schods and elderfy ur& Settings. More Informatlon 1$ 8fven regardin8 thls In note 9. Church weak•rd èwav The church weekend away monles have been treaitd as restricted. The c¢)sts were ÉS01 more than the Income re1Ved resultlnq In a negatlve fund balance. Another weekend away was due ro be hekl In 202D. b1 wa5 postponed. If the fund is still in deficit after the nÈxtweekend, then the PCC will fund t5 from 8eneral funds. Temporary pastoral fund Contributlon5 We made rntmbers ol the Congreg1 to prowtde support for those kn hardship dve to the cov119 crls15. A further £S.WO wa5 set aside by the PCC and wa55hown within desited funds. Dlocesan Grant The Dlocese prcvlded a £50D grant for equlpment to help thurches In lo&down whlch was fully spent. Common Fund tLVbtribution 2019 The ShefNeld Church BurgessesTrust Thade a grantof É2S.W in latiOn to the 2019 Common Fund contribirtiDn to the Dlocese. 13
The Vlne, Sheffiekl Notes to the flnandal statements For the year Ènded 31 December 20ZO 4 Endowment fur and total return IAve£tment In March 2016...he PCC adopted a Total f4pturn bas15 to the majority of their endo¥Yrnents. u5sng the 1996 valuation. Thls sets the b85eline vzlue of the component of the endowment to whlth any 5ubwuent 8ifts of endowrnent are added. The difference between the to'.zl ol endowment fuThd5 as at the 1996 ¥aluatlDn and the value of the Wft component represented the openlng balance ef unapplied total return. Thè ptswer of total return ppmit5 the PCC to nvest permanently Èndowed funds to rnaxlmlse total return and to apply an appropriate portlon of the Un3pld total rerum io income each year. Vntil the power Is Èxercised to transfer a portion of unapplleij totol retum to lftcome, the unapplled totsl retwn remalns In¥ested a5 part of the pemaoent endowmertt. The power allows the trustees to declde In ta¢h year how muth of the unapplled trtal tetum15 transferred to In¢ome funds ind so available lor expendllure. No amounr h35 bentran5ferred thts ¥ear. The Invèstfflent fund an appllcai6on of tgt41 r•twn to permanent endowment funcs.. Urnlpplied total rewrn Endowmevt Tot41 Openln8 value of èndowment.. Glft component of permanentendowrnent: Unapplied total reiurn 223.303 223,303 297,942 520,645 297,342 297,342 223,303 Movement In year,. Investment valuatlon Bain51110$5esl Nei movement In reportlni perlod 34.610 34.610 34,610 34.610 aDsItt8 v•lu• ol endowment.. Glft coffjponent uf permanent endoY4metst'. Unapplled lolal return Market value of In¥estments 223,303 223,303 331,952 555,2SS 331.952 331.9S2 ZZJ.303 Investment Income earned from the endowmeTht lfivestments Is appll•d to general Mnd. to assist wlth ongolng maintenan¢e Work, 35 a8reed by thè PCC. S Related party iransacllons PCC members and Senior Staff, and thelr dose rÈlatlves donated e42,653 In addIt to any arnounts Blven within the ¢ollectlon, during the year. PCC members renffed no rernuneraIl for the rde as trustees durfnl the year. aergy. curate and staff expenses of 1,302 2019.. £2,317] comprise prlmarily costs to allow the cleray and staff to fulfil thelr roles. for example telephone recharKe5 and hospitalSty ccrtrlbutlons. Included In the above clergy ènd staff cost5 53112019.. £5101 was paid forthe tara80 water bills. Martin Horton, a PCC member. and h15 wife Eva eIVed rThis5ion support of £1,210*ia Wydiffe Bible Translators. The DATIC Trust, for whtyn Daddsmrth is a Trustee. received a donarion of El,210. Dawd Srnith is the PCC Secretary. 5omÈ trustees and their familiesalsts recefved discounted roorn hlre, at Ihe available to all church mernber5. 6 Payroll rosts AverJgÈ no. ol staff 1020 2019 Salaries and redundan C05t5 AdminislratloTr and cleaning Mutual Blessings 14,146 14.610 9,473 24,083 14,116 14
The Vlne, Sheffleld Note5 to the flnan¢lal statement5 For the year ended 31 December 2020 7 Tian¥fery Transfers tollfrom General Desl8nat2d funds funds Restrlcted funds Transfer5 tollfroml.. Rgstrlcted fvnds Temporary pastoral ftsnd Is.0001 Is,0001 5,000 5,000 8 G8rnerèl frJndg- Bulldln8 Incam4 •nd èelow15 an extractlon from the 8eneral fund$ 5howln& where èppllcable, bulldin8 Income an*J expenditure r¢latln8 tD St Barts and 5t Stephens. 2020 Total Genernl St Steph•n's Ricelpt5'. Bu51din8 hire and contrtbutlon to churth events 4.435 A,435 4.435 4,435 Payments.. 5talf ¢os¢s Chur<h and cÈntre running c05ts Upkeep 01 servlces He•tln&118hUng and Inwrance 8uilding rnaintenan¢e ¢osts Other runnlng ¢05¢5 8A26 5,320 14,146 3.702 8582 812 6,775 3,702 15,675 8,812 6,775 6,948 145 36,697 12,268 145 49,110 15
The Vlne, Sheffleld Note5 to the rnd•1%1IoM1ts Fortheyear enikd 31 Decernb¢r 20ZQ 9 mulal Ble$slrt Th15 sectlon 5h¢)w5 a breakdown OF rece4pts and paTrThents for the MUal Bwngs Ftynd for ye•r. The pot5115ted withln the Mutual BlesslnK Fund make a dlstinttk)n between carrfed out in Sheffield and Outslde and the tyPE of artsty. They are related closely to the criterla foreach of the 8rapt5 receNed. The Churche5 Support pot holds funding recelved and ttssts are incurred to supp¢rt thurthes ¥thin the Dlocese, whereas Sheffleld Churches pport pot Ss tsn'.y used to support churcnes ¥hln Sheffleld. Pl.8. The sronts allow the possiblllty of transfers from the Churthes sUPPOrt monles IcoverinE the whole of the Diocese) to the Sheffldd Churches SUPPDrt monie5 Iwhlch is restritted to the Sheffleld clty bounda.ryl. The Elders pots dls¥n8uish between the WO octhJrrin8 Within the Oty of Sheffield baundary ILtstal Elder51 and the work funded to expand this on a natloftallinternation31 lewel (Naiional Elders). Following d15CU5sion ¥th Kathryn Lord In 2Q20, It was decided that Themne I)ld no longer pver5ee the work of Mutual Blèsslrtgj. A5 4 result. a proc•$5 is U¢bdorw•y to wnxjlt wth funders and PCC about the rern3lnin8 rnoney in each Restrictèd fund, With the ultlrnate aln gf transferrlng this moneytoan pprowlJte r¢clwenL orrnan•aethe spend of afiy r¢milnln8 money in the fud. 2020 Chur¢hes Support Natlon•l P•ple Eiders KeeplngW¢ll 2020 Tot41 ZQlg Trf•l Eld•rs R9c•lpt5 from.. GrBnis MethodlstL8rnlni and Developmeni Fund pèople Keepln8 Well other ParJcSpant Course Income- Non-Blftalded Other Inwmt Ilncludes fvndralsed Incomel 1,328 9,981 Mytu•l 8le¥slni IelP1S 11,4Z9 Paym•nulrom: Church atts¥Stles St•ff W$¢5 ClerBy 8nd siaflexptnses 9,474 284 M155ion and e¥an8ellsm.' Mutual Blessln6S- XtItyT$ts Miscellany Resource5 Resources sranis Training Events TraSnlnggrènts Q)n5ultancy fee5 Other 120 120 605 I,QZ8 600 14 Joo 854 44 150 150 150 Mutual Bles$lrni payments 300 420 13.203 Net re¢¢1%11PaYrn*ntsI 13txJi 11201 14201 11.7741 Tiansfers Mutual WessinK5 Miscellany Transfer5 14691 14691 Net movemeoi In funds 13Tr)1 11201 14201 12,2431 Ch funds broughtforward S.418 1,667 L788 698 9,571 11,814 Cash fund5 carrled forward 5.11 1.547 1.788 698 9,151 9,571 16