| Financial Statements | ofthe Trustees | ofthe Trustees | ||
|---|---|---|---|---|
| for the year ended 31stDecember 2020. | ||||
| General Account | ||||
| income | 2020 f:p |
2010f | ||
| Letting 8 | ||||
| Church Office | 6,970.00 | 6,970.00 | ||
| Other users | 722&24 | 27 7M.22 | ||
| Total Lettings | 14,264.24 | 28,670.50 | ||
| StMary's PCC contribution | in lieu ofrent | 575.00 | 2,765.00 | |
| Donations | 150.00 | |||
| Interest | 41.30 | 89.52 | ||
| Total Income | 15,030.54 | 31,525.02 | ||
| Expenditure | ||||
| Insurance | 1,725.84 | |||
| Professional Fees | 1,402.00 | |||
| Alterations, Maintenance |
and Repairs | 1,290.15 | 1,347.39 | |
| Fixtures, Fittings and Equipment |
||||
| Utilities | 2,814.35 | 3,311.93 | ||
| Staif Costs | 7,976.40 | 10,098.90 | ||
| Stationeryl Postage/Photocopy |
15.12 | 36.24 | ||
| Interest on Loan from Nantwich | Town Council | 312.67 | 443.02 | |
| Sundries | 606.32 | 729.54 | ||
| Total Expenditure | 14,566.45 | 19,094.86 | ||
| General Account Surplus IlDeflcit) forthe year | 12,430.16 |
| Financial Statements | ofthe Trustees | |||
|---|---|---|---|---|
| for the year ended 31stDecember 2020. | ||||
| Balance Sheet | Notes | 2020 8:p |
2018f | |
| Fixed Assets | 88,147.92 | |||
| Current Assets | ||||
| Debtors | 7,516.00 | 3,836 | ||
| Bank and Building Society | Accounts | 37,260.55 | ||
| Cash in Hand | 109.42 | |||
| Total Current Assets | 44,885.97 | 50,417 | ||
| Current Liabilities |
||||
| Loan repayable to Nantwich |
Town Council | 8 | 5,291.06 | 8,648 |
| Creditors | 10 | 2,654.82 | 5,293 | |
| Total assets less Liabilities | 125,088.01 | 124,824 | ||
| represented by: |
||||
| General Reserves | 21,433.64 | 24,326 | ||
| Property Reserve | 12 | 82,856.87 | 79,500 | |
| Development Reserve |
13 | 20,797.50 | 20,798 | |
| Reserves carried forward | 125,088.01 | 1~824 |
| 11.General Account. | 2019 | |
| f:p | ||
| Brought forward as at 1stJanuary | 24,326.26 | 15,123 |
| Surplus((deficit for the year (see page 3) |
12,430 | |
| Annual repayment ofLoan Principal to NTC |
(3,356.73) | (3,226) |
| Transfer to Development Reserve |
||
| Gamed forward as at 31st December | 21,433.64 | 24,328 |
| The trustees will hold a balance off15,000 in the General Account as a precaution |
against an emergency | |
| 12.Property Reserve | 2019f | |
| Brought forward as at 1stJanuary | 79,500.14 | 76,274 |
| Repayment ofPrincipal in year |
3,356.73 | 3,226 |
| Gamed forward as at31stDecember | 82,858.87 | 79,500 |
| Alter full repayment ofthe loan from NTC this reserve will equal the fixed asset value shown at note 6 |
||
| 13.Development Reserve |
2019 f |
|
| Brought forward as at 1stJanuary | 20,797.50 | 24,000 |
| Exploratory Expenditure on Development |
(3,202.50) | |
| Transl'orred from General Account |
||
| Gamed forward as at 31st December | 20,797.80 | 20,798 |
| The trustees are planning the redevelopment ofthe upper floor ofthe building to inc(ude new toilet and |
||
| kitchen facilies. Funds are being put aside forthis purpose asfinances permit |