## ## ## ## ## ## ## ## ## ## ## ## ## ## |||||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|