COLLEGIATE CHURCH OF ST MARY STAFFORD FINANCIAL ACCOUNTS Registered Charity 1175903 for the year ended 31 December 2020
COLLEGIATE CHURCH OF ST MARY STAFFORD
STATEMENT OF FINANCIAL ACTIVITIES AND FUND SUMMARY
for the year ended 31 December 2020
| STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Funds £ INCOMING RESOURCES Grants 40,770 Voluntary income 45,642 Activities for generating funds - Fees-Weddings and Funerals 5,446 Investment income 6,084 Income from charitable activities TOTAL INCOMING RESOURCES 97,942 RESOURCES EXPENDED Cost of generating funds 212 Charitable activities 68,264 TOTAL RESOURCES EXPENDED 68,476 Transfers between funds (3,000) NET MOVEMENT IN FUNDS 26,466 Fund balances brought forward 68,004 FUND BALANCES CARRIED FORWARD 94,470 SUMMARY OF FUNDS Notes Income Expenditure UNRESTRICTED FUNDS General Fund 97,942 68,476 DESIGNATED FUNDS Adult Choir - 107 Boiler Fund 13,585 20,368 Coffee Concerts 1,236 947 Children's Choir - - Children's Ministry 1,220 Fabric Fund 3,451 6,698 Flower Fund 20 - One World Group 171 1,256 Parish Office 4,393 8,698 Traidcraft 2 870 612 Christmas Tree Festival 300 212 Special Projects Reserve - - 24,026 40,118 TOTAL FUNDS 121,968 108,594 |
STATEMENT OF FINANCIAL ACTIVITIES Unrestricted Funds £ INCOMING RESOURCES Grants 40,770 Voluntary income 45,642 Activities for generating funds - Fees-Weddings and Funerals 5,446 Investment income 6,084 Income from charitable activities TOTAL INCOMING RESOURCES 97,942 RESOURCES EXPENDED Cost of generating funds 212 Charitable activities 68,264 TOTAL RESOURCES EXPENDED 68,476 Transfers between funds (3,000) NET MOVEMENT IN FUNDS 26,466 Fund balances brought forward 68,004 FUND BALANCES CARRIED FORWARD 94,470 SUMMARY OF FUNDS Notes Income Expenditure UNRESTRICTED FUNDS General Fund 97,942 68,476 DESIGNATED FUNDS Adult Choir - 107 Boiler Fund 13,585 20,368 Coffee Concerts 1,236 947 Children's Choir - - Children's Ministry 1,220 Fabric Fund 3,451 6,698 Flower Fund 20 - One World Group 171 1,256 Parish Office 4,393 8,698 Traidcraft 2 870 612 Christmas Tree Festival 300 212 Special Projects Reserve - - 24,026 40,118 TOTAL FUNDS 121,968 108,594 |
Designated Total Total Funds 2020 2019 £ £ £ 3,451 44,221 - 18,829 64,471 75,772 1,746 1,746 44,017 - 5,446 10,099 - 6,084 11,097 - - 24,026 121,968 140,985 - 212 3,803 40,118 108,382 146,404 40,118 108,594 150,207 3,000 - - (13,092) 13,374 (9,222) 63,948 131,952 141,174 50,856 145,326 131,952 Balance Closing Surplus Transfers from Balance / (Deficit) 2019 2020 29,466 (3,000) 68,004 94,470 (107) - 15 (92) (6,783) - - (6,783) 289 - 6,604 6,893 - - (98) (98) (1,220) 3,000 - 1,780 (3,247) - - (3,247) 20 - 317 337 (1,085) - 1,311 226 (4,305) - 3,156 1,149 - 258 - 397 655 88 - - 88 - - 52,246 52,246 (16,092) 3,000 63,948 50,856 13,374 - 131,952 145,326 |
Total Total 2020 2019 £ £ 44,221 - 64,471 75,772 1,746 44,017 5,446 10,099 6,084 11,097 - - |
|---|---|---|---|
| 121,968 140,985 |
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| 212 3,803 108,382 146,404 |
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| 108,594 150,207 |
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| - - |
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| 13,374 (9,222) 131,952 141,174 |
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| - 107 13,585 20,368 1,236 947 - - 1,220 3,451 6,698 20 - 171 1,256 4,393 8,698 870 612 300 212 - - |
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| 24,026 40,118 121,968 108,594 |
(1)
COLLEGIATE CHURCH OF ST MARY STAFFORD FINANCIAL ACCOUNTS
for the year ended 31 December 2020
CONTENTS
Pages 1 Statement of Financial Activities and Fund Summary
- 2 Balance Sheet and Notes on the financial accounts
3 Income and Expenditure Account – Combined Funds (for information only)
I approve these accounts and confirm that I have made available all relevant records and information for their preparation.
Date 2021 – Treasurer
INDEPENDENT EXAMINER’S REPORT TO THE PAROCHIAL CHURCH COUNCIL
I report on the accounts of the Collegiate Church of St Mary Stafford for the year ended 31[st] December 2020, which are set out on pages 1 and 2.
As a Church Council you are responsible for the preparation of the accounts and you consider that the audit requirement of section 144(2) of the Charities Act 2011 (the Charities Act) does not apply and that an independent examination is needed.
It is my responsibility to examine the accounts under section 145 of the Charities Act; to follow the procedures laid down in the general Directions given by the Charity Commissioners under section 145(5)(b) of the Charities Act and to state whether any particular matters have come to my attention.
BASIS OF INDEPENDENT EXAMINER’S REPORT
My examination was carried out in accordance with the General Directions given by the Charity Commission. That examination includes a review of the accounting records kept by the Council and a comparison of the accounts with those records. It also includes considering any unusual items or disclosures in the accounts and seeking explanations from you as Church Councillors concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts and the report is limited to those matters set out in the statement below.
INDEPENDENT EXAMINER’S STATEMENT
In connection with my examination, no matter has come to my attention:
-
(1) which gives me reasonable cause to believe that in any material respects the requirements
-
to keep accounting records in accordance with section 130 of the Charities Act; or the accounts did not accord with the accounting records; or
-
the accounts did not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirements that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination
have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
B C Lloyd FCA 20[th] January 2021 Ashfield, Bradley Lane, Bradley, Stafford ST18 9DP
COLLEGIATE CHURCH OF ST MARY STAFFORD
BALANCE SHEET
As at 31 December 2020
| CURRENT ASSETS Bank Current Accounts CAF Bank Yorkshire Bank Stafford Railway Building Society CCLA Deposit Accrued Income CURRENT LIABILITIES Creditor (Rental Deposit) Accrued Expenses NET CURRENT ASSETS TOTAL ASSETS WHICH REPRESENT Unrestricted funds Designated funds TOTAL FUNDS |
2020 £ 52,983 2 93,402 2,851 - 149,238 (2,905) (1,007) (3,912) 145,326 £145,326 94,470 50,856 £145,326 |
2019 £ |
|---|---|---|
| 11,993 3,482 102,932 2,851 13,599 |
||
| 134,857 | ||
| (2,905) | ||
| 131,952 | ||
| £131,952 | ||
| 68,003 63,949 |
||
| £131,952 |
NOTES ON THE FINANCIAL STATEMENTS
1 ACCOUNTING POLICIES
The financial statements have been prepared under the historical cost convention as modified by the revaluation of investments, and are in accordance with applicable accounting standards, and the Charities Accounting Statement of Recommended Practice (SORP). There have been no changes on the accounting policies.
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a All expenditure is accounted for gross, and when incurred. Donations made are included in the year in which they are paid. Those expenses, which are attributable to two or more expense headings, are apportioned between those headings on an appropriate basis.
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b Donations and bequests are accounted for when received by the council.. Income includes income tax, received and recoverable.
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c The tax refund from Gift Aided donations is no longer treated as accrued income (as in previous years) but is taken into account when received.
2 TRAIDCRAFT FUND
No account has been taken of Traidcraft stock held or of proceeds of sales banked after 31[st] December 2020.
(2)
COLLEGIATE CHURCH OF ST MARY STAFFORD INCOME AND EXPENDITURE ACCOUNT
COMBINED FUNDS for the year ended 31 December 2020 (for information only –this statement does not form part of the statutory accounts)
| INCOME 2020 2019 VOLUNTARY INCOME Pledged Giving 30,241 31,556 Loose Plate Collections 1,443 3,851 Collections at Special services 1,072 6,271 Giving through Wall Safe 668 2,326 Votive Candle Box 205 1,585 Donations and Appeals 14,429 6,227 Tax recovered on Gift Aid - 10,502 Legacies - 3,851 Queen Elizabeth Grant 8,500 8,786 56,558 74,955 GRANTS 44,221 - OTHER CHURCH INCOME Coffee Concerts 1,236 2,909 After Service Coffee 210 400 Christmas Tree Festival 300 10,132 Bookstall - 489 Church & Church Hall Lettings 2,274 5,580 One World Group 171 2,552 Traidcraft Sales 870 1,293 Magazine Income 275 442 5,336 23,797 INVESTMENT INCOME Bank and Investment Income 584 914 Rent from Land and Buildings 5,500 11,000 6,084 11,914 FEES Statutory Fees, Weddings &Funerals 5,446 8,287 Other Fees,Weddings & Funerals - 1,812 5,446 10,099 CONTRIBUTIONS TO PARISH OFFICE - St Mary's (per Contra) - 15,600 - St Chad's 3,600 3,900 - St Leonard's 720 720 4,320 20,220 TOTAL INCOME 121,965 140,985 £121,965 £140,985 |
2020 2019 30,241 31,556 1,443 3,851 1,072 6,271 668 2,326 205 1,585 14,429 6,227 - 10,502 - 3,851 8,500 8,786 |
EXPENDITURE PARISH SHARE STIPENDS AND EXPENSES Wedding and funeral fees - Diocese Organist, verger and other fees Choir and Bell Ringers Fees UTILITIES AND INSURANCE Church Utilities Church Insurance MAINTENANCE Organ and Choir Expenses Junior Choir Church Maintenance Cleaning OTHER EXPENDITURE Advertising and Publicity Magazine Expenses Upkeep of services Administration and other expenses Literature/Hymn Books Traidcraft purchases Coffee concert costs CAPITAL WORKS New Heating Boiler FUND RAISING COSTS DONATIONS MADE Donations from Special Collections Donations to Charities St John Jerusalem Eye Hospital Pump Aid PARISH OFFICE COSTS (see note3) |
2020 2019 29,755 44,606 |
|---|---|---|---|
| 2,757 3,597 8,722 14,260 413 1,985 |
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| 11,892 19,842 |
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| 10,971 11,394 5,740 8,386 |
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| 56,558 74,955 |
16,711 19,780 |
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| 44,221 - |
645 150 - 198 13,229 8,905 304 984 |
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| 1,236 2,909 210 400 300 10,132 - 489 2,274 5,580 171 2,552 870 1,293 275 442 |
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| 14,178 10,237 |
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| 355 2,327 156 925 788 1,774 377 1,005 1,566 983 612 1,125 904 3,946 |
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| 5,336 23,797 |
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| 584 914 5,500 11,000 |
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| 4,758 12,085 |
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| 20,367 - |
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| 6,084 11,914 |
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| 5,446 8,287 - 1,812 |
212 3,802 |
||
| 215 398 468 2,505 1,256 - - 3,000 |
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| 5,446 10,099 |
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| 1,939 5,903 |
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| - 15,600 8,779 18,351 |
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| - St Mary's (per Contra) - St Chad's - St Leonard's TOTAL INCOME |
St Mary's (per Contra) Expenses TOTAL EXPENDITURE SURPLUS/(DEFICIT) |
||
| 4,320 20,220 |
8,779 33,951 |
||
| 121,965 140,985 |
108,591 150,206 13,374 ( 9,221) |
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| £121,965 £140,985 |
£121,965 £140,985 |