St Edmund's Church & St Helen's Church Costessey, Norwich
Annual Report
and
Financial Statement of The Receipts & Payments Accou
of the
Parochial Church Council
for the year ending 31st December 2020
Priest in Charge: Revd Edward Land The Vicarage Folgate Lane Old Costessey Norwich NR8 5DP
Bank:
NatWest Bank PLC 21 Gentleman's Walk Norwich NR2 1NA
Independent Examiner: Mrs M-A Edwards MAE Bookkeeping & Accounts 156 Fakenham Road Briston Melton Constable NR24 2DH
Costessey PCC
Financial Statements for the Year Ended 31st December 2020
Financial Report
Overview
2020 was a very difficult year due to the Coronavirus pandemic. The year started very well in that we ran a very successful Alpha covering an 8 week period through January and February. The hope was that this (and other events throughout the year) would encourage people to visit the church. With a view to increasing numbers in both congregations.
However, due to the lockdowns and restrictions on movement the church was closed for worship throughout much of the year. Consequently, this had a dramatic effect on finances as stated below.
Receipts
The General Fund receipts for 2020 show a significant decrease of £8892 in comparison to 2019 (2020: £48600, 2019: £57,492). Income from magazine advertising was £1415 and the income from magazine sales was £741 a decrease of £4081 on 2019. Magazine expenditure fell by £938 leaving an overall profit of £1615 (2019: £4,758). Income received from Hall lettings was significantly down, £169 compared to £6041 in 2019. This was due to the closure of the church and the Pre-school no longer using the premises.
Payments
The parish share request for 2020 was £36000. £24,330 was paid towards it during the year, leaving a shortfall of £11670. (2019 request was £41659.00 which was shortpaid by £16659).
The parish share request for 2021 is set at £36,000 as per Diocesan email 06/01/21 Payments from the General Fund decreased by £4988.
Nett Sundry payments were £1207 in 2020 from £2308 in 2019. Sundry expenditure includes purchase of a PA system and Alpha costs.
St Edmund's
During the year there were some final payments made in relation to the bells but the cost (£979) was covered by FOSE. Heat, light and water costs show a slight decrease of £74. £118 was spent on making the church "covid secure". Insurance costs were slightly less than 2019
St Helen's
The cost of maintenance increased t0 £665 due in part to refurbishment of the room attached to the Hall (2019: £369) Heat, Light and Water costs decreased due to church and hall being closed for a long period. Consequently, the caretaker costs were minimal and related to the beginning of the year. The cost of Supplies increased as there was a requiremnt to make the church "covid secure".
Magazine
Magazine income and expenditure showed a significant decrease on 2019. Income £2156, Expenditure £541. The magazine has made a profit of £1615 but a decision needs to be made as to whether it can continue in its present format because of compiling, editing and distribution issues, due in part to the restrictions on movement and congregating etc.
Mission & Charities.
There have been collections during the year for different charities and these have been supported generously. Charities supported include The East Anglian Children's Hospice and Soul Foundation
Costessey PCC
Financial Statements for the Year Ended 31st December 2020
| Receipts and Payments Accounts Receipts |
Gen Fund Unrestricted Restricted Total Total Totals General Designated Funds 2020 2019 2018 £ £ £ £ £ £ |
|---|---|
| Planned Giving Plate Collections Donations Gift Aid Rebate Fees (Gross) Fund RaisingActivities Magazine Adverts Magazine Sales/Misc Hall Lettings Other Fund Raising Social Functions Youth Events Sunday Cofee Endowment Dividends Bank Interest Legacies/Bequests Grants Insurance Claims Loan Transfer of Funds Sundry Totals Mission/Charities 2020 Collected |
18,959 18,959 18752 11,342 5,775 5,775 6140 3,340 8,075 979 9,054 6741 336 4,526 4,526 3540 3,961 6,936 6,936 6364 5,446 1,415 1,415 4553 3,515 741 741 1684 1,576 169 169 6041 8,866 - 0 100 100 1454 1,475 - - 0 65 65 370 295 152 152 282 31 259 290 366 - 0 - 20913 - 19487 - 0 - 0 - 13788 505 505 1853 1,082 |
| 47,266 1,010 411 - 48,687 112,328.00 41,234 |
|
| £0.00 outstanding to be forwarded 2020 £ Forwarded £ 128.50 01/20 128.50 226.00 12/20 206.00 354.50 334.50 20.00 To Be Forwarded 2021 |
|
| 01/20 Each 12/20 Soul Foundation Totals Outstanding |
Costessey PCC
Financial Statements for the Year Ended 31st December 2020
| Receipts and Payments Accounts Payments |
General Fund Unrestricted Restricted Total Total Totals General Designated Funds 2020 2019 2018 £ £ £ £ £ £ |
|---|---|
| Parish Share Altar Requisites Admin/Accounts Clergy Expenses Fees to Diocese Fees to Verger etc. Flowers Organists Organ/Piano Maint Subs/Licences Youth Events Fund RaisingExpenses |
24,000 24,000 25000 20,000 28 28 180 75 1,295 1,295 1514 1,572 2,173 2,173 856 145 5,152 5,152 2112 3,730 - - 0 286 - - 0 51 240 240 1241 - - 1416 1,216 516 516 446 322 - 541 541 1479 1,771 - - 545 5 - - 0 100 1,647 1,647 1721 653 236 979 1,215 289 579 10 10 10 118 118 194 15 1,549 1,549 1647 1,976 1,276 1,276 3777 3,737 665 665 369 3,177 300 300 1216 1,173 484 484 84 131 697 697 742 724 - 18945 - 0 - 3401 - 2469 - 3539 - 36319 - 900 - 13788 1,373 1,373 4297 1,157 |
| Magazine Expenses Social Functions Hall Management Church RunningCosts |
|
| St Edmund's Heat,Light & Water Maintenance Car Park Rent Supplies Insurance St Helen's Heat,Light & Water Maintenance Caretaker Supplies Insurance St Edmund's Bell Project St Edmund's HLF Project St Edmund's Chancel Wall Project St Edmund's Heating Project St Edmund's Oak Cupboard Project St Helen's Hall Roof/Refurb Project Michael Richardson/Alpha 2020 Transfer of Funds Sundry Totals |
|
| 42,300 979 - - - 43,279 128,496 42,595 |
Costessey PCC
Financial Statements for the Year Ended 31st December 2020
Movement within Funds & Balance
| Movement within Funds & Balance | ||
|---|---|---|
| Endowment Funds | 798 2572 348 3647 Opening Balance 01/01/20 |
Receipts Payments 0 58 - 856 221 - 2793 27 - 375 15 - 3662 Closing Balance 31/12/20 |
| Chancel Churchyard Clive James St Helen's Fabric Sub-Total Restricted Funds |
||
| 7,367 1422 212 366 1277 147 0 358 0 0 0 0 - 8,606 8,227 1,004 0 |
321 - 7686 6 - 1,428 1 - 213 2 - 368 5 - 1,282 1 - 148 - - - 1 - 359 - - - - - - - - - - - - - - - 36 - 8,642 34 - 8,261 4 - 1,008 - |
|
| Bells Choir (St E) Choir (St H) Curson Legacy Fabric (St E) Hall Roof Dev Fund Organ Maintenance Woolner Legacy (St H) HLF Project (St E) Chancel Wall (St E) Heating (St E) Oak Cupboard (St E) M H Richardson Family M H Richardson St H Roof & Boiler Curson Bequest re G & M Munday Sub-Total Unrestricted Funds Designated |
||
| 21,618 57 181 284 488 79 3742 697 262 646 1002 |
90 - 21,709 979 979 57 1 - 182 1 - 285 2 - 490 0 - 79 16 - 3,758 3 - 700 1 - 263 3 - 649 4 - 1,006 |
|
| Bell Fund Church Linen (St E) Education Equipment (St E) Equipment (St H) Fabric (St E) Fabric (St H) N.Chamberlain (St H) Printer/Copier Muriel Webb (St H) Sub-Total General Fund Total All Funds Total Funds Represented By |
||
| 7,439 11119 |
1,010 979 7,469 47,266 42,300 16,085 |
|
| 47,543 | 48,687 43,279 52,949 |
|
| £ 15,809 36,864 250 52,923 - 20 Charity donation to be forwarded 2020 Unallocated funds 52,903 |
Approval of Financial Statements.
The 2020 Financial Statements and Balance Sheet were approved at a meeting of the PCC, held on ….........
Revd Edward Land, Priest in Charge
Mr Denis Collen, Churchwarden
Libby Glover, Churchwarden
Costessey PCC
Financial Statements for the Year Ended 31st December 2020
Statement of Assets and Liabilities
| Unrestricted | Unrestricted | Restricted | Total | Total | Total | |
|---|---|---|---|---|---|---|
| General | Designated | Funds | 2020 | 2019 | 2018 | |
| £ | £ | £ | £ | £ | £ | |
| Cash Funds: |
250 | 250 | 250 | |||
| Bank Current Account |
15,809 | - | 15,809 | 11,732 | 12,087 | |
| Bank Deposit Account | 7,469 | 29,395 | 36,864 | 35,561 | 51,624 | |
| 16,059 | 7,469 | 29,395 | 52,923 | 47,543 | 63,711 | |
| Other MonetryAssets | ||||||
| Liabilities | ||||||
| Charity Donation to |
20 | - | - | 20 | - | |
| be forwarded. | ||||||
| Investment Funds Market Value | 2020 | 2019 | 2018 | |||
| at 31st December 2020 | £ | £ | £ | |||
| Chancel Fund | ||||||
| 94.92 income shares in the CBF of the | Cof E Investment Fund | 1,945 | 1,820 | 1,533 | ||
| Churchyard Fund | ||||||
| 365 income shares in the CBF of the Cof E Investment Fund | 7,478 | 6,997 | 5,894 | |||
| Clive James Memorial Fund | ||||||
| 45.37 income shares in the CBF of the | Cof E Investment Fund | 930 | 870 | 733 |
St Edmund's Church & St Helen's Church Costessey, Norwich
Annual Report
and
Financial Statement of The Receipts & Payments Accou
of the
Parochial Church Council
for the year ending 31st December 2020
Priest in Charge: Revd Edward Land The Vicarage Folgate Lane Old Costessey Norwich NR8 5DP
Bank:
NatWest Bank PLC 21 Gentleman's Walk Norwich NR2 1NA
Independent Examiner: Mrs M-A Edwards MAE Bookkeeping & Accounts 156 Fakenham Road Briston Melton Constable NR24 2DH
Costessey PCC
Financial Statements for the Year Ended 31st December 2020
Financial Report
Overview
2020 was a very difficult year due to the Coronavirus pandemic. The year started very well in that we ran a very successful Alpha covering an 8 week period through January and February. The hope was that this (and other events throughout the year) would encourage people to visit the church. With a view to increasing numbers in both congregations.
However, due to the lockdowns and restrictions on movement the church was closed for worship throughout much of the year. Consequently, this had a dramatic effect on finances as stated below.
Receipts
The General Fund receipts for 2020 show a significant decrease of £8892 in comparison to 2019 (2020: £48600, 2019: £57,492). Income from magazine advertising was £1415 and the income from magazine sales was £741 a decrease of £4081 on 2019. Magazine expenditure fell by £938 leaving an overall profit of £1615 (2019: £4,758). Income received from Hall lettings was significantly down, £169 compared to £6041 in 2019. This was due to the closure of the church and the Pre-school no longer using the premises.
Payments
The parish share request for 2020 was £36000. £24,330 was paid towards it during the year, leaving a shortfall of £11670. (2019 request was £41659.00 which was shortpaid by £16659).
The parish share request for 2021 is set at £36,000 as per Diocesan email 06/01/21 Payments from the General Fund decreased by £4988.
Nett Sundry payments were £1207 in 2020 from £2308 in 2019. Sundry expenditure includes purchase of a PA system and Alpha costs.
St Edmund's
During the year there were some final payments made in relation to the bells but the cost (£979) was covered by FOSE. Heat, light and water costs show a slight decrease of £74. £118 was spent on making the church "covid secure". Insurance costs were slightly less than 2019
St Helen's
The cost of maintenance increased t0 £665 due in part to refurbishment of the room attached to the Hall (2019: £369) Heat, Light and Water costs decreased due to church and hall being closed for a long period. Consequently, the caretaker costs were minimal and related to the beginning of the year. The cost of Supplies increased as there was a requiremnt to make the church "covid secure".
Magazine
Magazine income and expenditure showed a significant decrease on 2019. Income £2156, Expenditure £541. The magazine has made a profit of £1615 but a decision needs to be made as to whether it can continue in its present format because of compiling, editing and distribution issues, due in part to the restrictions on movement and congregating etc.
Mission & Charities.
There have been collections during the year for different charities and these have been supported generously. Charities supported include The East Anglian Children's Hospice and Soul Foundation
Costessey PCC
Financial Statements for the Year Ended 31st December 2020
| Receipts and Payments Accounts Receipts |
Gen Fund Unrestricted Restricted Total Total Totals General Designated Funds 2020 2019 2018 £ £ £ £ £ £ |
|---|---|
| Planned Giving Plate Collections Donations Gift Aid Rebate Fees (Gross) Fund RaisingActivities Magazine Adverts Magazine Sales/Misc Hall Lettings Other Fund Raising Social Functions Youth Events Sunday Cofee Endowment Dividends Bank Interest Legacies/Bequests Grants Insurance Claims Loan Transfer of Funds Sundry Totals Mission/Charities 2020 Collected |
18,959 18,959 18752 11,342 5,775 5,775 6140 3,340 8,075 979 9,054 6741 336 4,526 4,526 3540 3,961 6,936 6,936 6364 5,446 1,415 1,415 4553 3,515 741 741 1684 1,576 169 169 6041 8,866 - 0 100 100 1454 1,475 - - 0 65 65 370 295 152 152 282 31 259 290 366 - 0 - 20913 - 19487 - 0 - 0 - 13788 505 505 1853 1,082 |
| 47,266 1,010 411 - 48,687 112,328.00 41,234 |
|
| £0.00 outstanding to be forwarded 2020 £ Forwarded £ 128.50 01/20 128.50 226.00 12/20 206.00 354.50 334.50 20.00 To Be Forwarded 2021 |
|
| 01/20 Each 12/20 Soul Foundation Totals Outstanding |
Costessey PCC
Financial Statements for the Year Ended 31st December 2020
| Receipts and Payments Accounts Payments |
General Fund Unrestricted Restricted Total Total Totals General Designated Funds 2020 2019 2018 £ £ £ £ £ £ |
|---|---|
| Parish Share Altar Requisites Admin/Accounts Clergy Expenses Fees to Diocese Fees to Verger etc. Flowers Organists Organ/Piano Maint Subs/Licences Youth Events Fund RaisingExpenses |
24,000 24,000 25000 20,000 28 28 180 75 1,295 1,295 1514 1,572 2,173 2,173 856 145 5,152 5,152 2112 3,730 - - 0 286 - - 0 51 240 240 1241 - - 1416 1,216 516 516 446 322 - 541 541 1479 1,771 - - 545 5 - - 0 100 1,647 1,647 1721 653 236 979 1,215 289 579 10 10 10 118 118 194 15 1,549 1,549 1647 1,976 1,276 1,276 3777 3,737 665 665 369 3,177 300 300 1216 1,173 484 484 84 131 697 697 742 724 - 18945 - 0 - 3401 - 2469 - 3539 - 36319 - 900 - 13788 1,373 1,373 4297 1,157 |
| Magazine Expenses Social Functions Hall Management Church RunningCosts |
|
| St Edmund's Heat,Light & Water Maintenance Car Park Rent Supplies Insurance St Helen's Heat,Light & Water Maintenance Caretaker Supplies Insurance St Edmund's Bell Project St Edmund's HLF Project St Edmund's Chancel Wall Project St Edmund's Heating Project St Edmund's Oak Cupboard Project St Helen's Hall Roof/Refurb Project Michael Richardson/Alpha 2020 Transfer of Funds Sundry Totals |
|
| 42,300 979 - - - 43,279 128,496 42,595 |
Costessey PCC
Financial Statements for the Year Ended 31st December 2020
Movement within Funds & Balance
| Movement within Funds & Balance | ||
|---|---|---|
| Endowment Funds | 798 2572 348 3647 Opening Balance 01/01/20 |
Receipts Payments 0 58 - 856 221 - 2793 27 - 375 15 - 3662 Closing Balance 31/12/20 |
| Chancel Churchyard Clive James St Helen's Fabric Sub-Total Restricted Funds |
||
| 7,367 1422 212 366 1277 147 0 358 0 0 0 0 - 8,606 8,227 1,004 0 |
321 - 7686 6 - 1,428 1 - 213 2 - 368 5 - 1,282 1 - 148 - - - 1 - 359 - - - - - - - - - - - - - - - 36 - 8,642 34 - 8,261 4 - 1,008 - |
|
| Bells Choir (St E) Choir (St H) Curson Legacy Fabric (St E) Hall Roof Dev Fund Organ Maintenance Woolner Legacy (St H) HLF Project (St E) Chancel Wall (St E) Heating (St E) Oak Cupboard (St E) M H Richardson Family M H Richardson St H Roof & Boiler Curson Bequest re G & M Munday Sub-Total Unrestricted Funds Designated |
||
| 21,618 57 181 284 488 79 3742 697 262 646 1002 |
90 - 21,709 979 979 57 1 - 182 1 - 285 2 - 490 0 - 79 16 - 3,758 3 - 700 1 - 263 3 - 649 4 - 1,006 |
|
| Bell Fund Church Linen (St E) Education Equipment (St E) Equipment (St H) Fabric (St E) Fabric (St H) N.Chamberlain (St H) Printer/Copier Muriel Webb (St H) Sub-Total General Fund Total All Funds Total Funds Represented By |
||
| 7,439 11119 |
1,010 979 7,469 47,266 42,300 16,085 |
|
| 47,543 | 48,687 43,279 52,949 |
|
| £ 15,809 36,864 250 52,923 - 20 Charity donation to be forwarded 2020 Unallocated funds 52,903 |
Approval of Financial Statements.
The 2020 Financial Statements and Balance Sheet were approved at a meeting of the PCC, held on ….........
Revd Edward Land, Priest in Charge
Mr Denis Collen, Churchwarden
Libby Glover, Churchwarden
Costessey PCC
Financial Statements for the Year Ended 31st December 2020
Statement of Assets and Liabilities
| Unrestricted | Unrestricted | Restricted | Total | Total | Total | |
|---|---|---|---|---|---|---|
| General | Designated | Funds | 2020 | 2019 | 2018 | |
| £ | £ | £ | £ | £ | £ | |
| Cash Funds: |
250 | 250 | 250 | |||
| Bank Current Account |
15,809 | - | 15,809 | 11,732 | 12,087 | |
| Bank Deposit Account | 7,469 | 29,395 | 36,864 | 35,561 | 51,624 | |
| 16,059 | 7,469 | 29,395 | 52,923 | 47,543 | 63,711 | |
| Other MonetryAssets | ||||||
| Liabilities | ||||||
| Charity Donation to |
20 | - | - | 20 | - | |
| be forwarded. | ||||||
| Investment Funds Market Value | 2020 | 2019 | 2018 | |||
| at 31st December 2020 | £ | £ | £ | |||
| Chancel Fund | ||||||
| 94.92 income shares in the CBF of the | Cof E Investment Fund | 1,945 | 1,820 | 1,533 | ||
| Churchyard Fund | ||||||
| 365 income shares in the CBF of the Cof E Investment Fund | 7,478 | 6,997 | 5,894 | |||
| Clive James Memorial Fund | ||||||
| 45.37 income shares in the CBF of the | Cof E Investment Fund | 930 | 870 | 733 |
Independent Examiners Certificate
Report to the trustees/ members of: Costessey PCC On accounts for the year ended: December 2020
Charity no (if any):
I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31/12/2020.
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (“the Act”).
I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
the accounting records were not kept 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 requirement that the accounts give a ‘true and fair’ view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Signed: Date: 14 April 2021 Name: Marie-Anne Edwards Relevant professional AATQB qualification(s) or body (if any) Address: 156 Fakenham Road, Briston, Norfolk, NR24 2DH
1
Oct 2018
IER