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_| ||||212
_3,803_
108,382
_146,404_| ||||108,594
_150,207_| ||||-
_-_| ||||13,374
_(9,222)_
131,952
_141,174_| ||-
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
-
-||| ||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. - **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. - **b** Donations and bequests are accounted for when received by the council.. Income includes income tax, received and recoverable. - **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_| ||||**11,892**
**_19,842_**| ||||10,971
_11,394_
5,740
_8,386_| ||**56,558**
**_74,955_**||**16,711**
**_19,780_**| ||**44,221**
**_-_**||645
_150_
-
_198_
13,229
_8,905_
304
_984_| ||1,236
_2,909_
210
_400_
300
_10,132_
-
_489_
2,274
_5,580_
171
_2,552_
870
_1,293_
275
_442_||| ||||**14,178**
**_10,237_**| ||||355
_2,327_
156
_925_
788
_1,774_
377
_1,005_
1,566
_983_
612
_1,125_
904
_3,946_| ||**5,336**
**_23,797_**||| ||584
_914_
5,500
_11,000_||| ||||**4,758**
**_12,085_**| ||||**20,367**
**_-_**| ||**6,084**
**_11,914_**||| ||5,446
_8,287_
-
_1,812_||**212**
**_3,802_**| ||||215
_398_
468
_2,505_
1,256
_-_
-
_3,000_| ||**5,446**
**_10,099_**||| ||||**1,939**
**_5,903_**| ||||-
_15,600_
8,779
_18,351_| |- 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)**| ||**£121,965**
**_£140,985_**||**£121,965**
**_£140,985_**|