2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Benefice Of The Ascension, Cambridge (St. Giles With St. Peter, St. Luke And St. Augustine)

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Contents		Pages
Annual Report
Iindependent Examiner's	Report
Statement of Financial	Activities
Balance Sheet
StatemerIt of Cashflows
Notes to the Financial StaternerIts

During th PCC.	e year a	nd to ihe tirrie at	which these accounts are appr	which these accounts are appr	ove
Rector			The Revd Philipa King
Team Vicar			The Revd Dr Janet	Bunker
Asst. Priest			The Revd Ank Rigelsford
Asst. Priest			The Revd Dr Tom	Ambrose
URC Minister			The Revd Charles	Mather
Retired Priest			Owen Spencer Thomas
Licensed	Lay Minister		Margaret Cooper
LLM			Marie Lucchetta Redmond
ALM			Sue Mudie (Pastoral)
			Gill Ambrose (Childreri)
Churchwardens			Gillian Mead
			Mark Wills
			Arthur Hibble
			Richard Catchpole
			Paul Gibbs
Deanery	Synod representatives		Joyce Jarvis
			Alison Taylor(Jane	Holmes
			Mark Wills
Treasurer			Richard Footitt
Elected Members,		also secretary	Patricia McGuire
			Caroline Wilson(Anthony		Rix
			John Jarvis
			Clare Walker Gore
			Frances Klein
			Gill Ambrose
			Judith Crawe
			George Owers

AS AT 3'I DECEMB	E	R 2020
				2020		2019
			Note
I=IXEDASSETS
Investments					1,042,354		1,002,050
CURRENT ASSETS
Debtors				34,861		77,870
Cash at Bank and	ln	Hand		200,593		i91,927
				235,454		269,797
CURRENT LIABILITIES
Creditors -Amounts		Falling Due Within One Year		8,967		4,146
NET CURRENT ASSETS					226,487		265,651
TOTAL ASSETS LESSCURRENT LIABILITIES					1,268,841		1,267,70'I
Creditors - Amounts		Falling Due After More Than	One Year
NET ASSETS					1,268,843		1,267,701
FUNDS
Unrestricted Funds			9		947,564		917,633
Restricted Funds			10		264,977		296,651
Endowment Funds			11		56,300		53,4'I 7
Total Funds					't,268,841		1,267,701

								2020	2019
						Note (below)
Cash flow from operating activities:
Net cash provided by operating	activities						A	(43,178)	(36,176)
Cash flow from investing activities								51,844	73, 'I'I3
Change in cash and cash equivaIents			in the reporting			period		8,666	36,937
Cash and cash equivalents at the beginning					ofthe	reporting
p8rlod Cash and cash equivalents at the end of				the reporting				191,927	154,990
period								200,593	191,927
Notes to the statement ofcash	fiow
A) Reconciliation of net Income		to net cashf low from operating					activities
Net (expenditure)/income for the		reporting		period as		the
statement of financial activites								1,140	135,315
Gains on investments								(20,292)	(3'l,570)
Investment income								(71,856)	(69,750}
(Increase)/Decrease in debtors								43,009	(67,997)
(Decrease)/Increase in creditors								4,821	(2,174)
Net cash provided by operating		activities						43,178}	(36,176)
B)Cashf low from investing activites
Investment income								71,856	69,750
Investment additions								(72,694)	(390)
Investment disposals								52,682 51,844	3,753 73,113
C) Analysis ofcash and cash equivalents
Cash at bank and in hand								200,593	19I,927

2	INCOME
		Unrestricted	Restricted			Endowment		Total		Funds		Total	Funds
		Funds		Funds		Funds				2020			2019
(aj	Donations 5legacies: Planned giving —under gift aid Tax Recoverable	31,828 8,437									31,828 8,437		29,601 9,133
	Other planned giving Collections in service	4,800 1,890									4,800 1,890		4,800 7,208
	Grants	436		2,938							3,374		400
	Major Grants and Fundraising Contributions from URC			51,299							51,299
	Sundry donations Legacies	4,770 52,161		54,237						4,770 106,398			5,126 72,338 128,606
(b)	Charitable activities Fund raising events Missions	317 787		454							771 787		1,363 3,102
	Fees	1,198									1,198		2,02'I
	Hall and related rents	16,624		63,154							79,778		107,136
	Children, Social
	events, Publications, Retreat	1,502									1,502		4,418
		20,428		63,608							84,036		118,040
(c)	Investments: Bank interest & dividends	668		894			294				1,856		2,937
	Rents and similar income	70,000									70,000		66,813
		70,668		894			294				71,856		69,750
	Total Income	143,257		118,739			294			262,290			316,396
3	EXPENDITURE
		Unrestricted	Restricted			Endowment		Total		Funds		Total	Funds
		Funds		Funds		Funds				2020			2059
				K						E
(a)	Raising Funds Cost of fund raising events	3,332 3,332									3,332 3,332		3,819 3,819
(b)	Parish share 49,333 The church contributes to the central Diocese costs oftraining		14,000 and providing			ministers	(induding		63,333 the centralised payment				of 58,683
	stapends, pension contributions	and other benefits for ministers),		running	the	denomination,		and	the wider		mission	of
	the national church.
(c)	Ministerial Costs Ministers expenses Worship resources Musical life ofthe church	454 875 6,770									454 875 6,770		381 1,215 7,996
		8,099									8,099		9,592
(d)	Costs of Church Activities
	Premises running costs:
	Rates and utilities	6,415		11,967							18,382		19,926
	)nsurance	4,545		5,722							10,267		10,038
	Repairs and maintenance Major building expenditure	7,709 825		6,624 98,622							14,333 99,447		41,398 2
	Caretaker and cleaning Legal and professional	8,772 8 28,274		6,159 129,094						14,931 8 157,368			15,391 8,198 94,953
	Administration costs
	Office costs	7,567		2,582							10,149		9,055
	Staff costs	14,857		9,242							24,099		23,047
		22,424		11,824							34,248		32,102