# Annual General Meeting Sunday 23[rd] May 2021 following our Sunday service 1 ## **Agenda:** ## **Chaired by Sue Williams (Churchwarden)** **Annual Meeting of Parishioners Churchwardens’** Apologies Appointment of Churchwardens ## **Annual Parochial Church Meeting** 1. Approval of the minutes of the Annual Meeting held on 11.10.20 2. Matters Arising not on the agenda 3. Presentation and Adoption of the Revised Church Electoral Roll 4. Churchwardens’ Report on the Fabric, Goods and Ornaments of the Church 5. Financial Statements for 2020 6. Annual Report 2020 2 7. Appointment of Independent Examiner for Accounts 8. Report on the proceedings of the Deanery Synod 9. Elections: a) 9 members to Parochial Church Council b) Safeguarding Officer - 10.Looking ahead - 11.Date of next years AGM ## **Parochial Church Council** A short meeting to elect officers (Vice-Chair, Secretary, Treasurer, Electoral Roll Officer and Standing Committee. 3 ## **MINUTES OF THE ANNUAL GENERAL MEETING HELD AT ST FRANCIS CHURCH on Sunday 11 October 2020 in church** The Annual General Meeting and Vestry Meeting were held in church on 11th April 2020 after the 10.30 Eucharist. The meeting was chaired by Churchwarden Sue Williams, who opened the proceedings with prayer. **Annual Meeting of Parishioners** Present: Sue Williams Nana Agyeman Lawrencia Asare Bob Cooper Richard Grant Christine Harris David Howarth Kate Hughes Joanna Jackson Joan Merritt Melinda Nagy Ogechi Ngemegwai Nkem Nwokeocha Patience Okojie Penny Phillips Maria Prue Kevin Read Selina Read Rekha Thakrar 1. **Apologies:** Mick Fennell, Stacey Fennell, Lynda Howarth, Julie Whelan. 4 ## 2. **Appointment of Churchwardens** The two churchwardens were elected nem.con. Sue Williams Proposed by David Howarth Seconded by Kate Hughes. Kevin Read Proposed by Sue Williams Seconded by Kate Hughes. ## **Annual Parochial Church Meeting** 1. **Approval of the minutes of the Annual Meeting held on 7 April 2019.** The Minutes were accepted. 2. **Matters Arising not on the Agenda** There were no matters arising. 3. **Adoption of the Church Electoral Roll** The new Electoral Roll was presented. As at 30 September 2020 the roll stood as follows: 66 members 20 resident and 46 non-resident. Ten members were added this year. The adoption of the Electoral Roll was agreed by all, and David Brightwell, our Electoral Roll Officer, was thanked for his work on keeping the electoral roll up to date. 5 4. **Churchwardens’ Report on the Fabric, Goods and Ornaments of the Church** Sue Williams presented the Churchwardens’ written report. Sue Williams (Churchwarden), Penny Phillips (Treasurer) and Kate Hughes (PCC Secretary) were thanked for their contribution. ## **5. Financial Statements for 2019** The Financial Report was accepted nem. con. ## 6. **Annual Report** This report, consisting of general information and a review of the past year, had been approved by the PCC, was made available at the meeting and was presented by Sue Williams. Acceptance of the report was proposed by Christie Harris, seconded by Penny Phillips and agreed nem. con. ## **7. Deanery Synod Report** Sue presented the Deanery Synod Report. ## **8. Elections** - **(a) Deputy Churchwardens:** to be appointed by the PCC. - **(b) Deanery Synod Representatives:** David Brightwell, Kate Hughes and Ogechi Ngemegwai were elected nem. con. 6 ## (c) **Parochial Church Council** Churchwardens and Deanery and Diocesan Synod Representatives (Sue Williams, Kevin Read, David Brightwell, Ogechi Ngemegwai and Kate Hughes) are ex-officio on the PCC. The following people had been proposed as our allowed 9 elected members, so no election was needed. Lawrencia Asare Proposed Sue Williams Seconded Joan Merritt Patience Okojie Proposed Ogechi Ngemegwai Seconded Kate Hughes Nkem Nwokeocha Proposed Ogechi Ngemegwai Seconded Kate Hughes Joan Merritt Proposed Alex Eley Seconded David Howarth Penny Phillips Proposed Sue Williams Seconded Kevin Read Joanna Jackson Proposed Kate Hughes Seconded Selina Read David Howarth Proposed Sue Willliams Seconded David Brightwell Two additional members of PCC will be co-opted . (d) **Safeguarding Officer:** Stacey Fennell was re-elected as Safeguarding Officer. 9. **Appointment of Independent Examiner** This will be dealt with by the PCC. 7 ## 10. **Chairman’s Address** Instead of a Chairman’s Address, Selina Read and Joanna Jackson gave a spoken report on our Projects, which include working with the City Council on housing for the homeless, funded by Nationwide Building Society. Other projects include the **Step** Employability Course, which is now online; **Building Bridges** partnering with many other groups; **ESOL** across Coventry, now online; working with long-standing migrants with Adult Education; **Skills** such as Health and Safety training; **5 Doors Down** which has led to the Food Bank and Social Supermarket; **Arabian Bites** which is temporarily closed but hopes to rebuild after lockdown. 11. **Opportunity to raise items concerning the work of the church for consideration by PCC** There was no other business. 12. **Date of next Annual Meeting** To be decided by the PCC. The Chair Sue Williams thanked everyone for coming. Maria Prue proposed a vote of thanks to Sue and all who make the church the Kingdom in action. This was endorsed by all present. ## **Parochial Church Council** The next meeting of the PCC will be on Wednesday 18 November 2020 at 7.00pm, when officers will be elected. Signed …………………………………………….. Date ……………………………. 8 ## **St. Francis of Assisi Links Road Radford Coventry** ## **Diocese of Coventry** ## **ANNUAL REPORT 2020** The Parochial Church Council (PCC) of St Francis presents its annual report and accounts in respect of the year to 31st December 2020. The PCC is a charity excepted from registration with the Charity Commissioners. ## **Background** The PCC of St Francis has responsibility with the Vicar, for promoting the whole mission of the church, pastoral, evangelistic, social, ecumenical, in the Church of England parish, within the Deanery of Coventry North and Diocese of Coventry, together with the oversight of the Church Building of St. Francis, its two halls and grounds. The new parish consists of a population of almost 20,000 people. **Membership** Members of the PCC are either ex officio or elected by the APCM in accordance with the Church Representation Rules. **Priest In Charge** Revd Liz Jackson (from October 2013-August 2020)) 9 **Priest In Charge** Vacancy (from August 2020)) **Wardens:** Sue Williams Kevin Read ## **Representatives on the Deanery Synod** (serving until APCM 2023) Sue Williams (Ex officio, Diocesan Synod) Kate Hughes (PCC Secretary) (Licensed to Preach) David Brightwell (Electoral Roll Officer) Ogechi N (Treasurer) **Elected Members** (serving until APCM 2021) Lawrencia Asare Patience Okojie Nkem Nwokeocha Joan Merritt Penny Phillips Joanna Jackson David Howarth Mick Fennell (co-opted) Alex Eley (co-opted) Stacey Fennell (Safeguarding Officer) (co-opted) The PCC met 4 times during the year. 10 ## **Committees** The PCC operates through a number of committees or groups which meet between full meetings of the PCC or on an occasional basis. - Standing Committee - Parish Profile Group - Worship/Ministry Group - Link Group (with Methodists) (on hold at present) In addition the Vicar and church wardens meet monthly, the Treasurer and the Vicar meet 3 times a year and clergy staff meet weekly, although this year has been far from normal this hasn’t happened. ## **Church Membership** There are **64** members on the Electoral Roll as at the Annual Meeting, of whom **44** are not resident within the parish. ## **Officers** Sue Williams served as **Warden** until 11.10.20 when Kevin Read joined her, looking after and preparing for services. Kate Hughes, David Brightwell and Ogechi Ngemegwai have been the church’s **Deanery Synod Representatives.** Sue Williams has also continued as our **Cathedral Parish Partner** and **Diocesan Synod Representative.** Kate Hughes acts as **Parish Information Officer** . 11 ## **REVIEW OF THE YEAR** This look back at what has been happening at St Francis but won’t cover a whole year, nly the period since the last APCM on 11 October 2020. The mixture of lockdown and an interregnum has made this time rather strange. Our churchwardens have worked very hard to keep services going, but it hasn’t always been possible in lockdown to find a priest to celebrate for us and Zoom services weren’t always very successful. But we are very grateful for those who have helped us, especially Fr Tim Brooke and Canon John Eardley. In spite of all the problems, we have continued to observe the seasons, with a lovely Advent wreath, Midnight Mass at Christmas, a Lent course (courtesy of the Diocese) and more recently a beautiful Easter service. The Diocesan online Lent course, ‘Journey into Prayer’, was attended by several members of the congregation, for excellent weekly talks on Contemplation using Scripture, Praying the Examen, Praying with Icons, Centering Prayer and Lectio Divina. Selina Read did a great job of providing online Sunday worship for our children, who of course have not been allowed in church during lockdown. The PCC and Standing Committee adapted to Zoom meetings, and the Parish Profile group (Sue, Kate, Ogechi, Kevin, David Brightwell, David Howarth and Messi, with a contribution on our Projects from Selina) worked hard to put together a really good booklet about the life and needs of our parish. The advertisement for our new vicar is in the _Church Times_ now. And throughout this time our projects have been keeping going as far as possible, and the Food Bank, Social Supermarket and the 5 Doors Down outreach have been helping many people, supported by members of the congregation as well as the paid staff. We need to be grateful for all the help we have had to keep going as the body of Christ in Radford – for the members of the St Francis family and for the grace and love of God. 12 ## **Church Wardens Comments** Our thanks to Richard Tarver for playing the organ, Sunday by Sunday and to Sue for providing the power point services and booking clergy on a Sunday during the vacancy. Many thanks to Ogechi the Treasurer, David Howarth and Sue for taking care of the weekly collections, servers and flower arrangers. Also to Kate, PCC Secretary for all her assistance, David the Sacristan and Electoral Roll Officer, and those who help in any other ways when needed, especially during this interregnum. Many thanks also to the volunteers who do jobs around the church and grounds when needed. Thanks be to God and to all who have supported us throughout the year and we look forward to good things to come when we appoint a new Vicar and as we ease out of lockdown restrictions. ## **Kevin Read and Sue Williams, Churchwardens** ## **Electoral Roll** On 9[th] May there were **64** people on the Electoral Roll of which **20** were resident and **44** non resident. 2 people (non resident) were removed and no names were added. David Brightwell **Electoral Roll Officer** 13 ## **Deanery Synod Report 2021** Since our last APCM, the Deanery North Synod has met twice, in November and January. Revd Gareth Irvine, vicar of St Laurence’s Foleshill, was commissioned as Area Dean at the November meeting. The meetings have followed the usual pattern of business, especially the Parish Share paid by each parish towards the cost of their clergy, a talk on a range of subjects, and a time of sharing of events in the parishes. In November the talk was by Archdeacon Barry Dugmore on the new Diocesan Mission and Growth Strategy, which aims to have 150 new worshipping communities by 2030, including 5 church plants in urban areas, missional communities and Church in School. The January talk was given by Chris Edwards, the Chief Operations Officer of Hope. He spoke to us about what Hope is, what it does and what it will do in the future. You can find out more about Hope on their website: hopecoventry.org. The next Deanery Synod meeting is on 17 May, so I may be able to add a bit more information to this report verbally at our APCM! **Kate Hughes** 14 ## **Diocesan Synod 2018-2021: Triennium Review** As the current triennium comes to an end it is to look back at the work done over the last three encouraging It years. This summary contains an overview of some of the key decisions and discussions of Diocesan Synod. is by no means exhaustive! We give thanks for the progress of the last three years and look forward to the joys and challenges of the next stage of our diocesan life. ## **Motions Passed:** (a) Approval of DBF annual budgets, receipt of annual report and financial statements, appointment of auditors (b) Noting of DBE annual report and financial statements (c) Pauper funerals (Nov 18) (d) Deanery synod scale of representation (Nov 19) (e) Covenant for Clergy Care and Wellbeing (June 20) (f) Growth Strategy (Nov 20) (g) Appointment of Chapel of Unity Trustees (Nov 20) (h) Deanery representation in diocesan synod elections and form of voting method (Nov 20) (i) Urban Hope representation on deanery synod (Nov 20) (j) Updated Parsonages Management Scheme (Nov 20) (k) Updated Quinquennial Inspections scheme (Nov 20) (l) Delegation of +C duties to +J during the sabbatical period (Mar 21) : **Key Discussions** - (a) Whole Diocese strategy and shared objectives - (b) Godly Communication strategy - (c) Safeguarding culture and use of the parish dashboard system 15 - (d) Living in Love and Faith (e) Generous Relationships and Parish Giving Scheme - (f) EQuip Hub - (g) Revised Churchyard Regulations - (h) Growth Strategy - (i) Parish Share review process - (j) 2021 elections : **Questions received from Synod Members about** (a) Progress towards Eco Diocese award (Nov 18) (b) Awareness of Farming Community Network (Mar 19) (c) Awareness of Places of Worship Security Fund (Jun 19) (d) During the pandemic: recognition of clergy as key workers, access of clergy to church buildings (Jun 20) Practical and strategic steps to change systems and culture with regards to appointment of ethnic minority clergy to a variety of parish contexts (Jun 20) - (e) Government funding to help parishes during lockdown (Nov 20) (f) Financial rationalisation and efficiency savings plan (Nov 20) - (g) Number of people of BAME heritage in the vocations process and amongst senior Diocesan and Bishop’s staff (Mar 21) - (h) Encouragement to vote in upcoming local elections (Mar 21) 16 ## St Francis PCC The Parochial Church Council of the Ecclesiastical Parish of Radford Coventry 1174496 Annual Accounts 2020 January 1st 2020 to 31st December 2020 17 1.Statement of Income and Expenditure a. Notes 2. Reserves statement a. Notes to reserve statement 3. Statement of Financial Accounts 4. Balance Sheet ## 5. Independent Examiners Statement 18 ## Notes to accounts 2020 2020 was the first full year of separation of St Francis Employabilty and the PCC accounts. Previous years reflect the fact that the projects were being run by the PCC through the PCC charitable registration. 2019 was the year that the PCC registered as a separate charity and St Francis Employability was established. 19 ## **St Francis Church** ## **PCC** ## **Accounts 2020** ## **Charity no. 1174496** 1. Income and Expenditure 2020 (against previous years) 2. Statement of Financial Activities (for Charity Commission submission) 3. Balance Sheet (for Charity Commission submission) 4. Reserves Statement |**St Francis PCC January - December 2020**|**St Francis PCC January - December 2020**||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---| |**_All Activities_**|||||||||||| |||2020|||_2019_|_2018_|_2017_|_2016_|_2015_|_2014_|_2013_| ||_bf 2019_|£16,947.00|||_£59,523.00_|_£15,531.00 _|_£14,693.00_|_£25,483.00_|_£21,077.00_|_19096_|_6820_| ||**_Income_**|||||||_£1,000.00_|||_9797_| |_balance transfer_|closed CDBF accounts|£3,766.54|||||||_178_||| |_giving_|tax efficientgiving|£5,644.06|||_£5,673.00_|_£4,181.00_|_£3,557.00_|_£14,255.00_|_£4,463.00_|_£3,510.00_|_2825_| ||othergiving|£3,538.93|||_£9,417.00_|_£4,304.00_|_£5,724.00_|_£5,624.00_|_3763_|_5450_|_12726_| |_reclaimedgift aid_||£2,184.37|||_£984.00_|_£1,834.00_|_£1,387.00_|_£4,280.00_|_£1,472.00_|_£2,468.00_|_1323_| |_fundraising_||£11.00|||_£1,274.00_|_£1,051.00_|_£1,089.00_|_£4,164.00_|_£1,018.00_||| |_trading_|rents|£21,862.37|||_£20,942.00_
_£52,529.00_|_£21,021.00 _
_£4,500.00_|_£21,213.00_
_£5,174.00_|_£21,388.00_
_£62,509.00_|_£20,819.00_
_£45,177.00_|_£20,649.00_
_£39,168.00_|_3419_
_2056_| |_other income_|insurance claims|£130.00|||||||||| |_interest_||£13.41|||_£21.00_||_£5.00_|_£44.00_||_£102.00_|_29_| |_fees_|fees retained|232|||_£297.00_|_£217.00_|_£536.00_|_£2,518.00_|_£2,853.00_|_£4,862.00_|_2905_| ||||£37,382.68|£54,329.68|_£150,660.00_|_£52,639.00 _|_£53,378.00 _|_£139,265.00_|_£100,820.00_|_£95,304.00_|_£41,900.00_| ||**_Expenditure_**||||_£7,534.00_|_£4,733.00_|_£3,792.00_|_6179_|||_2174_| |_Premises costs_|utilities|£4,692.06|||||||_4496_|_3779_|| |_Support Costs_|Administration|£11.01|||_£356.00_|_£1,085.00_|_£330.00_|_391_|_£812.00_|_£1,200.00_|_776_| ||phone/internet|£0.00|||_£9,718.00_|_£7,912.00_|_£8,665.00_|_6103_|||_6855_| ||banking|£190.14|||||||||| ||premises|£2,092.85|||||||_4125_|_35545_|| ||Cleaning|£2,817.61|||_£1,565.00_|_£4,534.00_|_£3,645.00_|_3045_|_£3,203.00_|_£3,302.00_|_£139.00_| ||publicity|£0.00|||||||||| |_Delivery costs_|resources|£162.00|||||||||| ||Equipment|£4,172.34|||||||||| ||project delivery|£0.00|||_£49,266.00_
_£396.00_
_£775.00_
_£16,209.00_
_£750.00_
_£2,529.00_|_£2,128.00_
_£1,029.00_
_£15,500.00 _
_£919.00_
_£2,320.00_|_£3,252.00_
_£435.00_
_£13,947.00_
_£248.00_
_£2,281.00_|_£46,228.00_
_£864.00_
_£14,912.00_
_£1,452.00_
_£1,016.00_|_£29,465.00_
_£432.00_
_£30,123.00_
_£0.00_
_£1,243.00_|_15056_
_15_
_10764_
_2130_
_1301_|_1580_
_296_
_9531_
_993_
_417_| |||£0.00|||||||||| |||£0.00|||||||||| |||£0.00|||||||||| |||£0.00|||||||||| ||food|£0.00|||||||||| ||pastoral|£100.00|||||||||| |_Parish Share_||£16,838.00|||||||||| |_Other costs_|events|£169.99|||||||||| ||worship|£774.67|||||||||| ||discipleship|£1,736.32|||_£1,039.00_||_£1,246.00_|_£2,032.00_|_£1,590.00_|_1137_|_259_| ||||||_£90,136.00_|_£40,160.00 _|_£37,847.00_|_£82,225.00_|_£75,338.00_|_£74,227.00_|_£23,020.00_| ||||£33,756.99|£20,572.69|_£60,524.00_|_£12,479.00 _|_£15,531.00_|_£57,040.00_|_£25,482.00_|_£21,077.00_|_£18,897.00_| ## **Notes** 1. Rents remained high, despite pandemic because of a grant from National Lottery to support premises costs to enable continuation of projects. 2. Equipment costs include purchase of sheds for storage and tables for hall 3. In addition it is important to note that the Employability projects contribute towards the running costs and mission of the church in the following way in 2020: |way in 2020:|||| |---|---|---|---| ||_Expenditure_||£17,448.33| |_premises costs_||£12,819.03|| |_Delivery costs_|resourcing|£1,784.37|| ||staff|£0.00|| ||equipment|£820.02|| ||pastoral costs|£186.72|| |_cost of supporting church_||£1,838.19|| _Premises costs: cleaning, repairs, caretaker and cleaner costs, maintenance, health and safety, security costs_ _Cost of supporting church: provision of church related events, children’s work, Sunday school and discipleship resources._ ||St Francis Church|St Francis Church|St Francis Church|Charity No
(if any)|1174496|**CC17a**| |---|---|---|---|---|---|---| ||Annual accounts for the period|||||| ||Period start date|**04/03/2020**|**To**|Period end
date|31/12/2020|| |||||||| |**Section A**|**Statement of financial activities**|||||| |**Recommended**
**categories by activity**
**Details of own**
**analysis**
Note
**Incoming resources (Note 3)**
**Incoming resources from**
**generated funds**
Voluntary income
11378.36
S01
Activities for generating
funds
21862.37
S02
Investment income
13.41
S03
**Incoming resources from**
**charitable activities**
232
S04
**Other incoming resources**
3896.54
S05
S06
**Resources expended(Notes 4-8)**
**Costs of Generating Funds**
Costs of generating voluntary
income
14238.01
S07
Fundraising trading costs
-
S08
Investment management costs
-
S09
**Charitable activities**
19518.98
S10
**Governance costs**
S11
**Other resources**
**expended**
-
S12
S13
S14
S15
S16
S17
S18
S19
S20
S21
Gains and losses on investment assets
**_Net movement in funds_**
**Total funds brought forward**
**_Total funds carried forward_**
**_Total resources expended_**
**_Net incoming/(outgoing) resources before_**
**_transfers_**
**Gross transfers between funds**
**_Net incoming/(outgoing) resources before_**
**_other recognised gains/(losses)_**
**Other recognised** **gains/(losses)**
Gains and losses on revaluation of fixed
assets for the charity’s own use
**_Total incoming resources_**||**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**Endowment**
**funds**
**Total this**
**year**
**Total last**
**year**
**£**
**£**
**£**
**£**
**£**
F01
F02
F03
F04
F05||||| |||-|-|-|-|-| |||11,378|-|-|11,378|16,074| |||21862.37||-|21,862|29,347| |||13|-|-|13|21| |||232|-|-|232|45,695| |||3,897|-|-|3,897|-| |||37,383|-|-|37,383|91,137| |||||||| |||-|-|-|-|-| |||14,238|-|-|14,238|19,173| |||-|-|-|-|486| |||-|-|-|-|19,436| |||19518.98|-|-|19,519|51,041| ||||-|-|-|-| |||-|-|-|-|-| |||33,757|-|-|33,757|90,136| |||3,626|-|-|3,626|1,001| |||-|-|-|-|-| |||3,626|-|-|3,626|1,001| |||||||| |||-|-|-|-|-| |||-|-|-|-|-| |||3,626|-|-|3,626|1,001| |||-|-|-|-|-| |||3,626|-|-|1,001|1,001| ## **Section B Balance sheet** |Note
**Fixed assets**
**Tangible assets (Note 9)**
B01
B02
**Investments (Note 10)**
B03
**_Total fixed assets_**
B04
**Current assets**
**Stock and work in progress**
B05
**Debtors (Note 11)**
B06
**(Short term) investments**
B07
**Cash at bank and in hand**
B08
**_Total current assets_**
B09
**Creditors: amounts falling due**
**within one year (Note 12)**
B10
**_Net current assets/(liabilities)_**
B11
**_Total assets less current liabilities_**
B12
**Creditors: amounts falling due**
**after one year (Note 12)**
B13
**Provisions for liabilities and**
**charges**
B14
**_Net assets_**
B15
**Funds of the Charity**
**Unrestricted funds**
B16
B17
**Restricted income funds (Note 13)**
B18
**Endowment funds(Note 13)**
B19
**_Total funds_**
B20|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**£**
**£**
F01
F02|**Unrestricted**
**funds**
**Restricted**
**income**
**funds**
**£**
**£**
F01
F02|**Endowment**
**funds**
**£**
F03|
**Total this**
**year 2020**
**Total last**
**year 2019**
**£**
**£**
F04
F05|
**Total this**
**year 2020**
**Total last**
**year 2019**
**£**
**£**
F04
F05|**_2018_**|**_2017_**|**_2016_**|**_2015_**|**_2014_**|**_2013_**| |---|---|---|---|---|---|---|---|---|---|---|---| ||||||||||||| ||||||||||||| ||-|-|-|-|-||||||| ||-|-|-|-|-||||||| ||-|-|-|-|-||||||| ||-|-|-|-|-||||||| ||||||||||||| ||-|-|-|-|-||||||| ||0||-|-|-||||||| ||-|-|-|-|-||||||| ||20,573|-|-|20,573|20,714|_55,777_|_60,043_|_57040_|_25482_|_21077_|_18897_| ||20,573|-|-|20,573|20,714|_55,777_|_60,043_|_57040_|_25482_|_21077_|_18897_| ||||||||||||| ||-|-|-|-|2,440||||||| ||||||||||||| ||20,573|-|-|20,573|18,274|_55,777_|_60,043_|_57040_|_25482_|_21077_|_18897_| ||||||||||||| ||20,573|-|**-**|20,573|18,274|_55,777_|_60,043_|_57040_|_25482_|_21077_|_18897_| ||||||||||||| ||-|-|-|-|-||||||| ||-|-|-|-|-||||||| ||||||||||||| ||20,573|-|-|20,573|18,274|_55,777_|_60,043_|_57040_|_25482_|_21077_|_18897_| ||||||||||||| ||20,573|||20,573|-||||||| ||-|||-|-||||||| ||-|-||-|-||||||| ||||-|-|-||||||| ||||||||||||| ||20,573|-|-|20,573|-|_55,777_|_60,043_|_57,040_|_25,482_|_21,077_|_18,897_| **----- Start of picture text -----**
St Francis Employability Reserves Statement 31st December
2020
Our reserves position:
%
Current Previous
Previous Increase /
Year Year
Year 2019 (Decrease
2020 2018
)
Unrestricted Funds (Reserves) 20573 18274 16225 27% 1
Restricted / Designated Funds: 0 0 43298 100%
- Building Fund
- Education Fund
- Others
Endowment Funds
Total Funds[1] 20573 20714 59523 -10% 2
Ratio of Reserves[2] to Annual Operating Expenditure[3] 5.52 6.1
The reserves that we have set aside provide financial stability and
the means for the development of our principal activity. We intend to
try to maintain our reserves at a level which is at least equivalent to 6
months normal operating.
We intend to use the reserves in the following manner in 2021:
a. as a buffer against unexpected repairs to building
b. as a buffer against unforeseen circumstances resulting in a drop
in income
The PCC regularly (annually) reviews the amount of reserves that are
required to ensure that they are adequate to fulfil our continuing
obligations.
Notes to reserves statement .
1. The increase in reserves held at end of 2020 is in line with our
policy to hold 6 months reserves, for the purposes described above.
Due to the pressures of managing finances during a pandemic out
reserves has dropped by 10% meaning we currently hold 5.52
months reserves. It is our aim to increase this back to 6 months in
2021.
[1] Total funds include unrestricted, restricted, designated and endowment funds.
[2] Unrestricted Funds.
[3] Charitable Activities and Other Operating and Administration Expenses.
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CHARITY COMMISSION FOR ENGLAND AND WALES Independent examiner's report on the accounts Sociion A Inijependent Examiner s Report R•port to th• tru8t••81 M￿ltser$ of The Parochial Church Council of the Ecdesiastical Parish of Radford Coventry (St Francis PCC) Charity no11 any) On accounts lor the yew ended 31 sl De(wb8r 2020 1174496 Set o(rt on pages Ito4 I repryt to th? trust•e¥ on my examination ofthè accounts of the ab)v• charity I'tha TNsfl for the year eTrJed 3111212020 A5 the chanty trustees ol Ihe Tru6t. you are responsible for the prtspar#tion ol ltte accounts in accord8nc8 wth the requirorn•nts ol lh8 Charib'es Act 20111.lhe Act"). R••pon•lbllltlM And bA•l• of r•port I report In respett ol my examinat￿ ol lh8 Trust's accounts carr￿¢ cul under section 145 otthe 2011 Act and in carrying out my examinabon, I have followe¢ the applicable rectsons gNèn by the Chanty Commission under sèction 145ISllbl ol the Act. I have compknte