| Unrestricted | Designated | Restricted | Endowment | TOTAL | TOTAL | ||||
|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | funds | 2021 | 2020 | ||||
| 6 | 6 | ||||||||
| INCOMING RESOURCES | Note: | ||||||||
| Voluntary income |
2a | 38,281 | 38,281 | 84,665 | |||||
| Investment income |
2b | 8,263 | 456 | 8,719 | 9,640 | ||||
| Church Fees | 8,811 | 8,811 | 3,534 | ||||||
| Insurance daims &VAT |
reclaims | 3,466 | 3,466 | 40,719 | |||||
| TOTAL INCOMING RESOURCES | 58,821 | 456 | 59,277 | 138,558 | |||||
| RESOURCESEXPEN E |
|||||||||
| Cost ofgenerating funds |
Note: | 22 | |||||||
| Church Activities | 3a | 60,873 | 60,873 | 63,664 | |||||
| Charitable activities |
60 | ||||||||
| Governance costs |
|||||||||
| Other resources used | 3b | 7,706 | 7,706 | 106,752 | |||||
| TOTALRESOURCESEXPENDED | 68,579 | 68,5T9 | 170,498 | ||||||
| NET INCOMING RESOURCES BEFORE | -9,758 | 456 | -9,302 | -31,940 | |||||
| OTHER RECOGNISED GAINS AND | LOSSES | ||||||||
| Transfers befween funds | |||||||||
| Gross transfers | between | funds | - in | 14,278 | 1,000 | 15,278 | 1,566 | ||
| Gross transfers | between | funds - out | -1,022 | -14,256 | -15,278 | -1,566 | |||
| Net incoming Ioutgoing before other gains I |
3,498 | -12,800 | -9,302 | -31,940 | |||||
| losses | |||||||||
| Oflrsr recognised gains 7losses | |||||||||
| Gains Ilosses on investment | assets | 1,326 | 1,326 | 1,497 | |||||
| NET ISOVEMENT IN FUNDS: | 3,498 | -11,474 | -7,976 | -30,443 | |||||
| Reconciliation offunds | |||||||||
| Total funds brought fonvard | 14,050 | 321,770 | 755 | 336,575 | 367,020 | ||||
| Total funds carried forward | 17,548 | 310,296 | 755 | 328,599 | 336,575 |
| General | Designated | Restricted | Endowment | TOTAL | TOTAL | |||||
|---|---|---|---|---|---|---|---|---|---|---|
| Fund | Funds | Funds | Funds | 2021 | 2020 | |||||
| f | 6 | f | 5 | 5 | ||||||
| Fixed assets | ||||||||||
| Note: | ||||||||||
| Tangible | 4 | 260,000 | 260,000 | 260,000 | ||||||
| Investments | 5 | -909 | 3,084 | 34,787 | 755 | 37,718 | 36,391 | |||
| Fixed assets | -909 | 3,084 | 294,787 | 755 | 297,718 | 296,391 | ||||
| Current assets | ||||||||||
| Debtors | ||||||||||
| Cash at bank and | in hand | 108,922 | -91,225 | 15,251 | 32,949 | 45,135 | ||||
| Current assets | 'I08,922 | -91,225 | 15,251 | 32,949 | 45,135 | |||||
| ~Liabiliti | ||||||||||
| Note: | ||||||||||
| Creditors: Amounts | falling due in | one year | 6 | 2,324 | -257 | 2,066 | 4,950 | |||
| Net current | assets | less cunant | liabilities | 106,598 | -91,225 | 15,508 | 30,882 | 40,185 | ||
| Total assets less current liabilities | 105,689 | -88„141 | 310,295 | 755 | 328,598 | 336,576 | ||||
| ~sd | de | |||||||||
| Unrestricted | General fund | 105,689 | 105,689 | 102,213 | ||||||
| Designated | Funds | -88,141 | -88,141 | -88,163 | ||||||
| Restricted | funds | 310,295 | 310„295 | 321,770 | ||||||
| Endowment | Funds | 755 | T55 | 755 | ||||||
| Funds ofthe church | 105,689 | -88,141 | 310,295 | 755 | 328,598 | 336,576 |
| 1. ACCOUNTING POLICIES |
|---|
| The financial statements have been prepared in accordance with the Church Accounting Regulations 2006together with applicable |
| accounting standards and the SORP 2005. |
| The financial statements have been prepared under the historical cost convention except for the valuation ofinvestment assets, which are shovm at market value. The financial statements include sfi transactions, assets and liabiTNes forwhich the PCC is responsible in law. They do nct indude the accounts ofchurch groups that owe Iheir main atfiliafion to another body, nor those that are informal gatherings ofsuch |
| members. |
| Funds |
| Endowment funds are funds, the capital of which must be maintained; only income arising fram investment ofthe endowment may be used |
| either as restricted or unrestricted funds depending upon the purpose for which the endowment was established. |
| Restricted funds represent (a) income from trusts orendowments which may be expended only on those restricted objects provided in the terms ofthe trust or bequest, and (b) donations or grants received for a specific object cr ingited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end cfeach year must be cameo forward ass balance on that fund. The PCC does not usually invest separately foreach fund. Where there is no separate investment, |
| interest is apportioned to individual funds on an average balance basis. |
| Unrestdcled funds are general funds which can be used for PCC ordinary purposes. |
| Incoming resources Planned giving, cofiections and donations are recognised when received. Tax refunds are recognised when the incoming resources to which they are related is received. Grants and legaees are accounted forwhen the PCC is legally entitled to the amounts due. Dividends are accounted fcrwhen receivable, interest isaccrued. Afi other income is recognised when it is receivable. Ail incoming resources are |
| accounted forgross. |
| Resources Expended |
| Grants and donations are accounted forwhen paid over, orwhen awarded, ifthat award creates a binding or constructive obligation on the PCC.The diocesan parish share is accounted fcr when due. Amounts received spececsfiy for mission are dealt with as restricted funds Afi |
| other expenditure is generally recognised when it is incurred and is accounted forgross. |
| Fixed Assets Consecrated and benefice properly is not induded in the accounts in accordance with s.10(2)(a) ofthe Charities Act 2011. |
| Movable church furnishings held by the vicar snd churchwardens on special trust for the PCC and which require a faculty fcrdisposal are inalienable property, listed in the church's inventory, which can be inspected(at any reasonable time). For anything required prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no |
| individual item has cost more than 61,000so afi such expenditure has been written oifwhen incurred. |
| Equipment used within the church premises is depreciated on a straight-line basis over four years. Individual items ofequipment with a purchase price offit,000or less are written offwhen the asset is acquired. There are no assets presently undergoing depreciation oftheir |
| value. |
| Investments are valued at market value at 31 December. |
| Unrestricted | Designated | Restricted | Endowment | TOTAL | TOTAL | |
|---|---|---|---|---|---|---|
| Funds | Funds | Funds 8 |
Funds f |
2021 8 |
2020 F |
|
| 2a. Voluntary income Donations |
26,626 | 26,626 | 22,567 | |||
| Collections st Services Miscellaneous |
3,904 2,923 |
3,904 2,923 |
2,486 59,916 |
|||
| Gilt Aid Received | 4,828 | 4,828 | -304 | |||
| 38,281 | 38281 | 84,665 | ||||
| 2b. Investment Income |
||||||
| Interest received | 154 | 456 | 610 | 640 | ||
| Rent —25 Rectory | 8,109 | 8,109 | 9,000 | |||
| 8,263 | 456 | 8719 | 9,640 |
| 3.RESOURCES USED | ||||||
|---|---|---|---|---|---|---|
| Unrestricted | Designated | Restricted | Endowment | TOTAL | TOTAL | |
| Funds | Funds | Funds | Funds | 2021 | 2020 | |
| 3a. Church Activities Punish Share Upkeep of Services Church Insurance Church Maintenance Service Fees Utility Costs Clergy &Vicarage Youth Group Churchyard Maintenance 25 Rectory Lane |
20,000 2,330 6,824 1,644 6,781 6,565 6,715 3,505 6,509 |
20,000 2,330 6,824 1,644 6,781 6,565 6,715 3,505 6,509 |
31,825 4,737 6,906 1,283 6,456 3,369 3,720 240 4,314 808 |
|||
| 60,873 | 60 873 | 63,664 | ||||
| 3b. Other Resources used Community Centre Major Repairs Fees paid to diocese |
930 3,579 3,197 |
930 3,579 3,197 |
941 103,508 2303 |
|||
| 7,706 | 7706 | 106,754 |
| 6.LIABILIT | IES:A | MOUNTS FALLING DUE WITHIN ONE |
YEAR |
|---|---|---|---|
| TOTAL | |||
| 2021 | |||
| Water Plus' | utility | bill - December | 21 |
| Churchyard | tree felling | 1,920 | |
| Choir soloist | fee - | December | 125 |
| Total | f2,066 |