PAROCHIAL CHURCH COUNCIL OF ST MARY THE VIRGIN, BURES FOR THE YEAR ENDED 31 DECEMBER 2020
This report on the accounts of the PCC for the year ended 31 December 2020 which are set out on pages 2 – 8 is in respect of an examination carried out under Regulation 3 (3) of the Church Accounting Regulations 1997 to 2001 (The Regulations) and s.43 of the Charities Act (The Act).
Respective responsibilities of trustees and examiner
As members of the PCC you are responsible for the preparation of the accounts; you consider that the audit requirements of Regulation 3 (3) and section 43 (2) of the Act do not apply. It is my responsibility to issue this report on those accounts in accordance with the terms of Regulation 25.
Basis of independent examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commission under section 43 (7)(b) of the Act and to be found in the Church Guidance 2001 edition issued by the Finance Division of the Archbishops’ Council. That examination includes a review of the accounting records kept by the PCC 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 trustees 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.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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1) which gives me reasonable cause to believe that in any material respect the requirements
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a) to keep accounting records in accordance with section 41 of the Act and
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b) to prepare accounts which accord with the accounting records and to comply with the requirements of the Act and the Regulation have not been met; or
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2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Examiner: Carolyn Holbrook
Date: 31 January 2021
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£
2019 Total 71,223.42 6,796.44 10,094.79 7,947.44 12,489.58 1,092.84 18,591.55 128,236.06
30.00 0.00 0.00 0.00 0.00 0.00
£ 570.83 319.03 643.53 643.53 995.75
2019 Restricted 9,188.00 9,218.00 3,340.00 3,013.49 2,173.37 8,845.89 4,320.20 1,300.48 6,571.00 7,566.75 32,465.68
£ 0.00 320.00 0.00 928.90 449.31 449.31 0.00 0.00 603.70
2019 Unrestricted 56,825.42 5,180.00 62,005.42 6,225.61 1,248.90 3,627.24 11,189.10 3,873.20 1,239.63 2,410.07 2,898.20 11,024.80 95,770.38
£ 890.67
2020 Total 64,612.98 2,111.48 11,877.75 1,449.65 16,915.35 6,198.66 104,056.54
£ 0.00 80.03 121.82 500.00 693.66 693.66 211.00 0.00 0.00 327.00 0.00 0.00 0.00 538.00
2020 9,968.00 9,968.00 5,603.93 5,200.00 11,425.75 1,400.11 2,118.63 26,224.18
Restricted
£ 0.00 362.00 0.00 90.00 452.00 49.54 197.01 197.01 0.00 209.44 0.00 359.28 279.09
2020 Unrestricted 48,576.98 6,068.00 54,644.98 2,031.45 14,796.72 1,792.70 3,020.15 5,660.66 77,832.36
FINANCIAL STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2020 Receipts and Payments Account Receipts Planned Giving Giftaided giving Non-Giftaided giving Total Planned giving Collections Other Voluntary Receipts Giving through church boxes One off gifts Legacies and grants Donations, appeals etc. Total Other Voluntary Receipts Fundraising Activities Gift Aid Recovered Investments Interest and Dividends Total Investments Receipts from Church Activities Fees for weddings and funerals Benefice weekend Open Doors Messy Church Magazine advertising Magazine sales Other activities Total receipts from church activitie Total Receipts
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£
2019 Total 13,288.17 56,588.00 10,892.17 37,103.69
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 63.96 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
£ 733.09 653.39
2019 Restricted 2,783.00 1,240.00 5,447.08 10,203.17 1,840.00 1,840.00 9,217.40 1,111.82 2,525.19 13,571.76
£ 0.00 45.00 0.00 0.00 324.00 0.00 316.80 320.12 362.79 153.15 552.92 895.51 620.69 312.28 247.56
2019 Unrestricted 1,000.00 2,040.00 3,085.00 56,588.00 1,400.00 6,550.01 1,102.16 9,052.17 3,669.03 1,200.00 1,089.91 1,594.88 1,318.17 2,237.56 2,297.19 6,019.37 23,531.93
6,535.00 56,588.00 7,525.49 17,861.89
£ 550.00 550.00 300.00 0.00 0.00 0.00 0.00 327.00 0.00 0.00 0.00 0.00 0.00 0.00 96.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 360.00 0.00
2020 2,000.00 3,400.00 1,375.00 1,480.25 1,480.25 2,606.28 1,417.11 4,807.29
Restricted
£ 95.00 656.30 784.96 200.00 0.00 95.00 0.00 180.00 875.00 360.68 143.60 432.02 108.12 448.10 494.98 703.58 867.15 272.47 188.81 251.16
2020 Unrestricted 1,000.00 1,000.00 1,040.00 3,135.00 55,213.00 1,254.25 4,134.69 6,045.24 1,118.98 1,390.00 4,139.99 13,054.60
Payments Missionary and Charitable Giving (see note 2) Giving to missionary societies Giving to relief and dev agencies Home mission Secular charities Total Charitable Giving Parish Share Clergy and Staff Costs Assistant Staff Costs Salaries and honoraria Working expenses of incumbent Total clergy and staff costs Church Running Costs Training and Mission Benefice weekend Messy Church Counselling and education Insurance Organ Tuning Cleaning Moveable furnishings Upkeep of services Materials for worship Upkeep of churchyard Flowers Administration Catering Photocopying Software licences Website and publicity Electricity Water Oil Magazine costs Total running expenses
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£
2019 Total 17,968.04 1,939.37 137,779.44 -9,543.38 57,802.75 48,259.37
0.00
£ 622.00
2019
Restricted 17,236.85 17,236.85 43,473.78 -11,008.10 38,273.97 27,265.87
£ 731.19 0.00 731.19
2019 1,317.37 1,464.72
Unrestricted 94,305.66 19,528.78 20,993.50
11,089.51 0.00 99,599.89 4,456.65 48,259.37 52,716.02
£ 951.60 0.00
2020 9,014.00 9,965.60 5,196.04
21,028.14 27,265.87 32,461.91
Restricted
0.00 0.00
2020 £ 1,123.91 1,123.91 -739.39
Unrestricted 78,571.75 20,993.50 20,254.11
Payments Continued Church Repairs and Maintenance Regular maintenance Major works Total Repairs and Maintenance Fundraising and event costs Total Payments Excess of receipts over payments Bank accounts and deposits b/fwd Bank accounts and deposits c/fwd
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| Movements in Restricted Funds during the year 2020 | Movements in Restricted Funds during the year 2020 | Movements in Restricted Funds during the year 2020 | Movements in Restricted Funds during the year 2020 | |||
|---|---|---|---|---|---|---|
| Fund | Bal b/fwd | Receipts | Payments | Transfer | Bal c/fwd | |
| Fabric Maintenance | 25,227.98 | 8,415.41 | 7,401.38 | 0.00 | 26,242.01 | |
| Russe | 0.00 | 2,000.00 | 2,000.00 | 0.00 | 0.00 | |
| Messy Church | 571.63 | 327.00 | 327.00 | 0.00 | 571.63 | |
| Clock Maintenance | 1,103.68 | 5,447.93 | 6,514.00 | 0.00 | 37.61 | |
| Sharp Flower Fund | 159.42 | 414.88 | 296.90 | 0.00 | 277.40 | |
| Dorcas Bridges | 0.00 | 5,609.58 | 0.00 | 0.00 | 5,609.58 | |
| Tower Fund (Bells) | 2,247.07 | 34.29 | 0.00 | 0.00 | 2,281.36 | |
| Total | 29,309.78 | 35,019.59 | ||||
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| STATEMENTOF ASSETS AND LIABILITIES AS AT31 DECEMBER 2020 | STATEMENTOF ASSETS AND LIABILITIES AS AT31 DECEMBER 2020 | STATEMENTOF ASSETS AND LIABILITIES AS AT31 DECEMBER 2020 | STATEMENTOF ASSETS AND LIABILITIES AS AT31 DECEMBER 2020 | STATEMENTOF ASSETS AND LIABILITIES AS AT31 DECEMBER 2020 | STATEMENTOF ASSETS AND LIABILITIES AS AT31 DECEMBER 2020 | STATEMENTOF ASSETS AND LIABILITIES AS AT31 DECEMBER 2020 | |||
|---|---|---|---|---|---|---|---|---|---|
| Sharp | |||||||||
| Monetary Assets | Total | General | Fabric | Flower | Tower | Clock | Messy | Dorcas | |
| Fund | Fund | Fund | Trust | Church | Bridges | ||||
| Bankaccounts | 10,431.33 | 8,302.68 | 1,242.01 | 277.40 | 37.61 | 571.63 | |||
| NS&I Investment account | 2,281.36 | 2,281.36 | |||||||
| Board of FinanceDeposit | 42,284.69 | 11,675.11 | 25,000.00 | 5,609.58 | |||||
| Fundsheld byDiocese | 0.00 | ||||||||
| Total funds | 54,997.38 | 19,977.79 | 26,242.01 | 277.40 | 2,281.36 | 37.61 | **571.63 ** | 5,609.58 | |
| Debtors | Therewereno debtors as at 31 December 2020 | ||||||||
| Liabilities | Therewerenoliabilities at 31 December 2020withthe | ||||||||
| exceptionofaweddingfee of£211 which is beingheld | |||||||||
| onaccount. Itmust also benoted that thefundswhichare | |||||||||
| held ontheFabric account are already allocated and | |||||||||
| arenot availableforgeneraluse. | |||||||||
| Approved by theParochialChurchCouncilon | |||||||||
| and signed on its behalfby | |||||||||
| Chairman | SR Morley | Treasurer | C Scott | ||||||
| Thenotes onthefollowing pagesformpart ofthese accounts | |||||||||
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NOTES TO THE FINANCIAL STATEMENTS For the Year Ended 31 December 2020
1. Accounting Policies of the Parochial Church Council
The Financial Statements of the PCC have been prepared in accordance with the Church Accounting Regulations 1997 using the Receipts and Payments basis.
Funds
General funds represent the funds of the PCC that are not subject to any special restrictions regarding their use and are available for application to the general purposes of the PCC. These include funds designated for a particular purpose by the PCC.
The accounts include monetary transactions, assets and liabilities for which the PCC can be held responsible. They do not include the accounts of other Church groups that owe an affiliation to another body, nor those that are informal gatherings of Church members. Subject to the above, receipts and payments include income as received and expenditure when irrevocably paid.
It is the aim of the PCC to retain a reserve fund against future works and maintenance. Members would like to see a sum of £25,000 held in this fund, although they appreciate that this may not always be possible.
.
Statement of Assets and Liabilities
The following assets are recognised but not valued in the Statement of Assets and Liabilities:
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Moveable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal.
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Land and buildings held on behalf of the PCC.
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Other fixtures, fittings and office equipment where the PCC is free to dispose of such assets without faculty and where the original cost exceeded £1,000.
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Legacies where formal notification of entitlement and amount has been received at 31 December by the PCC.
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Investments held beneficially by the PCC.
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Closing bank balances as shown in the receipts and payment account.
The following liabilities are recognised in the Statement of Assets and Liabilities:
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Any loan or overdraft advanced to the PCC
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Any arrears of Diocesan Quota of Parish Share.
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Creditors for goods or services where the supply has been received and invoiced by 31 December.
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| 2. Bures PCC - Charitablegiving 2020 | 2. Bures PCC - Charitablegiving 2020 | 2. Bures PCC - Charitablegiving 2020 | ||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | ||||
| £ | £ | £ | ||||
| Giving to missionary societies | ||||||
| International Justice Mission | 1,000.00 | 0.00 | ||||
| Epic/Russe-Annual Support | 0.00 | 2,000.00 | ||||
| 1,000.00 | 2,000.00 | 3,000.00 | ||||
| Giving to relief and dev agencies | ||||||
| Water Aid | 1,000.00 | 550.00 | ||||
| 1,000.00 | 550.00 | 1,550.00 | ||||
| Home mission | ||||||
| Churches Together Affiliation Donation | 40.00 | 0.00 | ||||
| Storehouse Foodbank | 1,000.00 | 550.00 | ||||
| 1,040.00 | 550.00 | 1,590.00 | ||||
| Secular charities | ||||||
| Suffolk Historic Churches Trust | 45.00 | 0.00 | ||||
| Children's Society | 50.00 | 100.00 | ||||
| Action on Hearing Loss | 0.00 | 200.00 | ||||
| 95.00 | 300.00 | 395.00 | ||||
| Total | 3,135.00 | 3,400.00 | 6,535.00 | |||
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