east council report 31 2016

MORTLAKE WITH EAST SHEEN PAROCHIAL CHURCH COUNCIL

ANNIJAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2016

Annual Finance ReviewThe main operating fund of the Parish is the General Fund. It ended the year with a deficit of

619,264 and no transfer to the Fabric Fund (this compares to the predicted surplus of 64,000with a f12,000 transfer to the Fabric Fund).

As always, there is a lot going on in these figures!~ There was a 4.6yo drop in Planned Giving. This is due to the lass of income on a small

number af donors The Giving Scheme is really important for us to meet aur expenses - it

continues to form the backbone af our finances.~ Regarding our contribution to the Diocese, it is naw the 'Parish Support Fund' ta which we

are asked to pledge generously based an the overall financial position of the Parish. In

2016 our cantnbution was 6313,520, including the cost of 50'yo af the Christ Church teamvicar that is no longer covered by the Diocese. In 2017 our pledge is the same. Looking

back at the previous 'Parish Assessment' our contribution peaked in 2013 when wecontributed L'320, 054. Sa although the cost did increase on 2015 it is still below our peak-but in line with the spirit of generosity that underpins the scheme. Having said that, if thereis na improvement in the P!armed Giving we will have to keep the pledge under review. ..

~ During the year the Parish benefited from the Vera Jenkins legacy of F12,750 and wereceived the final tranche af the Audrey Staniforth legacy (that had been accrued in the2015 Accounts). We are really grateful for all I egacies —they are the main reason that wehave a sizeable Fabric Fund.

~ Although there is no movement shown on the Fabric Fund, nationally the very generousVera Jenkins Legacy (which was destined for the Fabric Fund) helped to finance thesubstantial Clergy House repairs.

~ We did significant work ta all three of the clergy houses much of which was accrued in lastyear's figures. Spending over the last twa years amounts to 641,000 and with Gareth'sarrival, there was just a short period of rental income fram Vernon Road. The housesfinished the year in better shape than the start!

~ Mission Giving looks as though it reduced significantly but last year includes the StephenGriffith leaving collection funds (approximately E6,000). The outcome is as budgeted.

~ Nat helping is the NatWest withdrawal of free banking. We paid F1,259 in charges in 2016.~ All Saints reported a small deficit in the year. The Concert Series broke-even aRer financing

new lighting and raising around k2, 000 for MIND Active Retired made a small surplus.~ Christ Church incurred a deficit of approximately k6, 000. This was expected with the

disruption to the rooms income due to the hall development. In the current year with thekali on stream, we expect Christ Church to at least break even.

~ St Mary's reported a small surplus —a good outcome with the roof repairs covered largely

by an insurance claim.~ From a cashf low point of view the most significant activity was in the Christ Church

Community Hall fund where F608,810 was spent on the completion of the Hall. As noted in

the Accounts (hlote 3(a)), the construction is an consecrated land, accordingly the cost hasbeen written off to improvements in line with the Accounting Policy. This also explains thereduction of cash at bank in the Balance Sheet (from 6818,849 to k326, 996). The total costaf the project was L'681,464.

In conclusion aur reserves are lower than they were last year and cur underlying casts arehigher than last year. So the Giving Scheme comes into sharper focus. If you are not in.please listen aut for the finance messages and consider joining us in the Scheme as soon aspossible. And, of course, as always, to everybody who has given (by whatever method) —a bigthank youl And a special thank you across the Parish ta all in the Treasury Team

Jon Blythe (Parish Treasurer)

3


ANNUAL REPORT YEAR ENDED $1 DECEMBER 2016 - coilarliied

Reserves Policy

It is PCC policy to try to maintain a balance on free Reserves which equates to at least 3months unrestricted payments (including our contnbution to the Parish Support Fund). This

is equivalent to E112,000. It is held to smooth out fluctuations in cashflow and to meetemergencies. The free Reserve balance at the year end was E196,000. This includes theFabric Fund amounting to 8108,000.

Statement of Trustees Responsibilities

The trustees are responsible for preparing the Annual Report and the financial statementsfor each financial year in accordance with applicable law and United Kingdom AccountingStandards (United Kingdom Generally Accepted Accounting Practice). Charity law requiresthe trustees to prepare financial statements for each financial year which give a true and fairview of the state of affairs of the charity and of its financial activities for the year

In prepanng the financial statements, the trustees are required to:

~ Select suitable accounting policies and then apply them consistently;

~ Observe the methods and principles in the Charities SORP;

~ Make judgements and estimates that are reasonable and prudent; and

~ Prepare the financial statements on a going concern basis unless it is inappropriateto presume that the charity will continue its activities.

The trustees are responsible for keeping accounting records which enable them to ascertainwith reasonable accuracy the financial position of the charity and which enable them toensure that the financial statements comply with the Charities Act 2011 and the Charity(Accounts and Reports) Regulations 2008. The trustees are also responsible forsafeguarding the assets of the charity and hence for taking reasonable steps for theprevention and detection of fraud and other irregularities.

Page 14

INDEPENDENT EXAMINER'S REPORT TO THE MEMBKRS OF THE MORTLAKEWITH EAST SHEEN PAROCHIAL CHURCH COUNCH

1 report on the accounts of the Parochial Church Council (PCC) for the year ended 31" December

20!6 set out on pages 16 to 25.

RESPECTIVE RFSPONSIBILI1'IES OF TRUSTEES AND INDEPENDENT EXAMINERThe PCC is responsible for thc preparation of the accounts. The PCC consider that an audit is not

required for this year (under Section 144(2) of the Charitics Act 2011 (the 2011 Act) and that an

independent examination is needed.

lt is my responsibility to:

~ examine thc accounts under Section 145 of the 2011 Act and in accordance with thc Church

Accounting Regulations 2006 (the Regulations):~ to follow the procedures laid down in the general Directions given by the Charity

Commission under Section 145(5)(b) ol the 2011 Act and to be found in thc Church guidance,2006 edition; and

~ to state v hether paNicular matters have come to my attention.

BASIS OF INDEPENDENT EXAMINER'S STATEMENTMy examination was carried out in accordance with the Oeneral Directions given by the CharityCommission and to be found in the Church guidance, 2006 edition. An examination includes areviev of (hc accounting records kept by thc PCC and a comparison of the accounts presented with

those records. It also inc!udes consideration of any unusual items or disclosures in the accounts, andseekinf, explanations from you as trustees concerning any such matters. The procedures undertakendo not provide all thc evidence that would be required in an audit, and consequently I do not expressan audit opinion on whether the accounts present a "true and fair view' and the report is limited tothose matters set out in the statement belov .

INDEPENDENT EXAMINER'S STATEMENTln connection with my examination, no matter has come to my attention:

(I) Which gives me reasonable cause (o bclicvc that in any material respect the requirements:

~ To keep proper accounting records in accordance v ith Section 130 of the 2011 Act and~ Ta prepare accounts which accord with the accounting records and comply with the

ac,c,ounting requirements of the 2011 Act and the Regulations have nnt been met, ' or

(2) To which, in my opinion, attention should be drnv n in order to enable a proper understandingof the accounts to be reached,

Allstair H.E. Smt CA.Ferguson Maidtnent dk CnChaaered Accountants167 Fleet StreetLondonEC4A 2EA Dated: 22 March 2017

page 15


STATEMENT OF FINANCIAL ACTIMTIES

For the year endtng 31 December 2086

Llnrestrlcted unmrtfrhd Designated Restricted Endowment TOTAL FLINDS

2D16 2819 Funds Funds Funds Ella ans

6 2 8 E 8

INCOMING RESOURCES (Aapendix 1)

Incommg resources from donors 389,144 101,141 25 389,189 mmul

Other voluntary incommg resouroee 18,780 55,118 238 71,462 DD, 480 Bt,tt7

Irmommg retowces Dom oceadng sctivnes

lo further tile Ccunal'9 oh)acts 15,277 21,111 73,565 12,349 104,191 117,361

Incommg resources from oeersang amounts»

lo generals funds 7, 179 7.179

Other ordmwy incoming resources 5, 204 1,890 5,204 IJI90

Inccme fram mvmlmanf 16 '1,034 1,694 7 to 1

TOTALINCOMIIeG RCSOLIRCES 432, 049 SA788 73,844 92,024 0 597,917 tglldl

RESOURCES USED Inppendia 21

Grants 30 22,231 29nn

Drectly relating to Ihe work of lhe Church 398 780 388 717 78, 942 628, 827 1 106,549 8mmf

Cast of generahng funds 154 154

Church marmgement and admmialration 24 080 18 781 1,154 2, 725 27,959 total

TOTAL RESDURCES USED 445 06t 493Mf 80,1396 631,736 0 1, '156,893 891,799

NET INCOIRING RCSDURCES

BEFORETRANSFERS -13 012 720J, -6, 252 -539,712 0 -558,976 IR 752

TRANSFERS

In

Out

1,937-6 189 41871

8, 189

-1,937

10,126 1812171

-10,128 -181%1

NET INCOIRING 7 IOIJTGOING) RESOURCES 19 264 11,087 ll -539,J12 0 888 978 797217

GAII4S 6 LDSSES DN INVESTMENTS

Ie8118eri

lmlea98mi 8.265 8,255 7879

NET MOvcMENT IN FUIVIJS -Ul, 264 11087 0 -539,712 8, 285 -550,711 239223

BAIANCES BROUGHT fORWARD AT

'I JANIJARY 213'le 72D'15) 192 798 181712 112,169 840, 174 77, 002 1,022, 143 78272I

BALJINCE5 CARRIED FORWARD

AT 31 DEGEMBER 2016 72015) 173 534 197799 112,169 1DI3, 482 85, 287 471,432 f922, 783

Page 15

MORTLAKE WITH 'EAST SHEEN PAROCHIAL CHURCH CDUNCIL

BALANCE SHEET AT 31 DECEMBER 2Df 8

Note 2016 2015E E

FIXED A55ETS

Land and buildings

Movable church furnishings

Investments

Deposrts

3(a)3(b)

3(cl

86,057

3,977

68,96715,299

174,300

86.0574, 775

60,702

15,299166,833

CURRENT A56ETS

Debtors

Cash at bank and in hand

16.036326,993343.029

80,870818,849899,719

LIABILITIE5I'AMOUNTS FALUNG

DU'E WITHIN ONE YEAR 5(a) (45,897) (43,018)

NET CURRENT ASSETS 297,132 856,701

TOTAL ASSETS LESS CURRENT LIABILITIES

UABIUTIES DUE AFTER MORE THAN ONE YEAR

NET ASSET5

5(b)

471,432

471,432

1,023,534

(1,391)

1022,143

FU FSDS

Llnrestricted

Designated

Re st noted

Endowment

FUNDS TOTAL

9(d)

9(c)

9(b)

9(a)

173,534112,16910D,462

85,267

192,798112,169640, 174

77,002

1,022,143

Approvetl by the Parochial Church Counol and signed an its behalf by

Carol Graham (Pansh Warden) jonathan Blythe (Treasurer)

The notes on pages 16 to 22 form part of these accounts.22 March 2017

The accounts of those Connected Chantles managed by the Council (which are not subject to audit) are appended at page 24.

Page 17


CASH FLOW STATEMENT for the year ending 31 December 2048

2016f.

20156

Net ca sh (utilised)/generated by operating activities (see below) (493,462) 189,998

Cash flaws from investing activities

Dividends and interest from investments

Interest paid

Net cash provided by investing activfdes

1,694

(88)1,606

2,631164

2,795

Change! n cash and cash equivalents In the reporting period (491,856) 192,793

Cash and cash equivalents at 1January

Cash and rash equivaients at 31 December

818,849

326,993

626,056

818,849

Recondgatlon of net expenditure before Investment gains

Net expenditure before investment gains

Adjusted for:

Depreciation charge

Dividends and interest from investments

Interest paid

Decrease/(increase) in debtors

Increase in creditors

(558,976)

798(1,694)

8864,834

1,488

237,252

798(2.631)

(164)

(62,588)17,331

Net cash (utgised)/generated by operating activities (493,462) 189,998

Page tg

MORTLAKE WITH EAST SHEEN PAROCHAL CHURCH COUNCIL

NOTES TO THE FINANCIAL STATEMENTSFor the year ending 31 December 2016

1 Accounting policies

Basis of Accounting

The financial stetementa have been prepared in accordance with the Church Accounting Regulabona 2006, applicableaccounting standards and in accordance with Financial Reporting Standard applicable in the UK and Republic of Ireland

(FRS 'I02), Chanties Statement of Recommended Practice (SQRP (FRS 102)) and the Charities Act 2011.

The accounts of the Churchwardene of the three churches have been consolidated into the accounts of the PCC ea theformer are regarded as branches of the PCC.

Inveslmenta held by the custodian trustee (Ihe South London Church Fund end Southwark Diocesan Board of Finance) onbehalf of the PCC (who are the managing trustees) logether with other investments held directly by the PCC are induded in

the balance sheeL Connected chariliea separately registered with the Charity Commission end an unregistered connectedchanty are referred to in the notes.

The financial statements have been prepared under the histormel cost convention except for investment assets, which areshown at market value.

Funda

Endowment funds are funds, the capital of which must be maintained; only income arising from irwestmerd of theendowment mey be used either as restricted or unrestricted funds depending upon the purpose for which the endowmentwaa established.

Restricted funds represent (a) income from trusts or endowments that may be expended only on those restricted objectsprovided in the terms of the trust or bequest, and (b) donations or grants received for a specific obtect or invited by the PCCfor e apso(re object The funds mey only be expended on the speciiic object for which they were given. Any balanceremaining unspent at the end of each year must be carried forward as a balance on that fund.

Unrestricted and designated funds are general funds that can be used for PCC ordinary purposes.

The accounts include transactions, asaela end liabilities for which the PCC can be held responsible. They do not includethe accounts of church groups that owe an afiiliabon to another body nor those that ere infomnsl gatherings of churchme mba ra

Incoming resources

VotunteFy tncome end capital soumesPlanned giving, collections and donations ere recognised when receivedIncome Tsx recoverable on gilt aid donations is recognised when daimable.Grants and legacies to the PCC are accounted for when Ihe PCC s legally entitled to the amounts due.Funds raised by fund reiwng events sre accounted for gross.

Otlrer ordinary tncomeRental income from letting of church premises and halls ia scrxtunted for when earned.Parochial fees due to the PCC for weddings, funerals etc are accounted for when earned.

income fiom investmentDividends end interest are accounted for when due

investment gains and tossesRealised gains and losses ere recognised when investments are sold. Unrealiaed gains or losses ere accounted for onrevaluation of investments at 31 December.

Page ta

MORTLAKE WITH EAST SHEEN PAROCHAL CHURCH COUNCIL

NOTES TO THE FINANCilAL STATEMENTSFor the year ending 31 December 2016

Accounting policies (continued)

Application of resources

GrantsGrants and donations are aocounted for when paid.

Costs di acffy n;lated to the wodr of the churchThe Pensh Assessment and all other costs are accounted for when payable.

Fixed assets

Consecrated tend end buitdings end movable churcti I'umishings

Consecrated and beneficed property is excluded froin the accounts by s 96(2) (a) of the Charities Acts 1993

Moveable church furnishings hekl by the vicar and churchwardans on special trust for the PCC and which require a facultyfor disposal are inalienable property, listed in the inventory of the relevant church which may be inspected Inalienable andhistoric assets that existed at 31 December 2000 have not been valued as reliable cost or valuation Information does notexist and, in the opinion of the PCC. the cost of valuation would not be iusfiified. All expenditure incurred during the year onconsecrated or beneficed buildings, whether maintenance or improvement, has been w(ilten clf as incurred. Expenditure onitems of inalienable property acquired since 1 January 2001 costing more than L'10,000 hes been capitalised anddepreciated on e straight line basis over ils anticipated useful life, items costing less than 210,000 have been charged asexpenditure.

Other fend end buiidingsOther land end buildings held on behalf of the PCC for its own purposes are valued at cost. No depreciation is chargedagainst such properties, sinoa in the opinion of the PCC these properbes are maintained to e standard that does not requiredepreciation, but any expenditure on maintenance or improvement is written off as incurred,

Other fixtures, fittfngs and office equipmentEquipment used within church premises is depreciated on a straight line basis over 4 years. Individual items of equipmentwith a purchase price of E2,000 or less are written off in the periiod in which the asset is acquired.

Fund raising merchandiseNo value is placed on such merchandise where It can only be sold in connection with the fund raising exercise in quasbon.

investmentsInvestments are stated at market value at 31 December

Currenf assetsAmounts owing to the PCC at 31 December in respect of fees. legacies, rents or other Income are shown as debtors lessany provision for amounts that may prove uncollectable

Page 20

MORTLAKE W)TH EAST SHEEN ftAROCHIAL CHURCH COUNC)L

NOTES TO THE FINANOfAL STATEMENTS (continued)

Far the year ending 31 December 2018

2 STAFF COSTS AND OTHER PAYMENTS FOR SERVICES

Yfaeas and satanas 640.554 12015 f41,041)

Dunng Iha year the PCC entnyad the ServiCea Of three dirsdcra af muaiC, three parI

bma sacretanes and twa cleaners, nona of whom earned 240.000 pa ar mare No member of Ihe PCC wsa empkrfad

The accounts include some psymentr, nlsds lo choirs snd lamporary stall Na ulnar paymards were made to members

of the FCC, ar other persons connaaed wth the pCC, sxcepl In respect of speosc rtema purcfmssd

3 FIXED 45SETS

3)a) Land and Buildings

Freehold clergy houses

COST

88 East Sheen

Avenue

Al 31 lyacsmbar 2018

17 Sheen Gate

Gardens

3D, 057

S Vernon

Road

6

15,000

Total Total

2018 2015

6 f95,057 85 067

Freehold land Quasmm Hall site (Note 10) 1,000 1.0DD

88.057 86 057

Consecrated lanij and buildings aie aadudsd franl Ihe accounts Other freehold property is duckrrad under the

hstoncsl coat oanvantian in aoccrdenos imth Ihs accounkng pohcy INola 1) lt is Ihs opinon of the psrcohal Chunh

Caunol that if these seams were disclosed at market value there wauld be s rsvaluaaon surplus of at least 52 500 000

ln the year ms Chnsl Chuich Community Hsa wss completed Aa Ihs construcbon is an consecrated ground tha casts

have been wnttsri alf ta Chumh Fsbnc improvements The tatsl cast of the prolsct was f961.484

3tb) Movable church furnishings

COST

DEPRECIATION

At 31 December 2016

At 1 January 2016

Charge kv the year

At 31 Dear mbsr 2016

2016 2D15

6

fs,egs ts, e25

1'1,150 10,352

796 798

1'1,948 11,160

NET BOOK VALVE At 31 Dsasmbai 2015 3,977 4, 775

Tha mcvabm church fumlshings consist of s Yamsha grand pone at All Saints purchased in 2002, deprecated aver 20 years

3la) Iavaatmama

145 CSF Invaalmani Fund shares - tastarll; coal yl, 063

447 78 COIF Chsnties Invmlment Fund aoc shares - histonc cast 28,955

382 M8.G Cnanfund Income Shares - hislonc cost f3,882

Sasrkel Value

Market Value

siarkat Value

21116

E

2, 180

61,229

s, sss

2015E

1,062

53,549

5, 191

SD,702

There wars no purchasm or sales af ursis m the year - the movement represents rsvsluslmn only

4 DEBTORS

Inoaae tsv reoovs ra bi a

Other debtors (mamly Chnsl Church Hall grani f41,000, final Standcnh legacy inslalmenl f.t S,S23)

2016

8,348

g,eee

2016

6,45874,412

16,038 80,870

5 LIABILITIES

5(a) Amounts falling due within one year

Accrue la

Lamia

Other creditors

5tb) Longer term lisbikbss -loans

I-Ia Iifsx

kern Repayable Inttun one yasr

Sstaf

42, 093

1,300

2, 504

45, 597

1,361

1,391

2015

37,223

2, 500

3,295

43, 015

3,691

2, 500

1,391

A 15 year loan af 229, 000 secured cn 68 Essl Sheen Avenue wss taken aut in July 2D02 It is dus to be repaid in full m 2017

Page 21


NOTES TO THE FINANCIAL STATEMENTS (contlnuedl

For the year ending 31 December 2018

6 ANALYSIS OF NET ASSETD BY FUND

Feed asaela

Currsril sssslsC urrant liats libel

Unlaaofchm

Flillde

E

es,O33

130,39$-48,597

DesignatedFunits

f

112 189

Reelr Mfad

Funda

9

100,462

Endowment

Funda

555.257

Total

f174,300

343,029

45,1%7

Fund tmlsncm 173,534 '112,109 1OD,462 85,267 471,432

7 TRANSFERS

transfers repraaard the net COnlraulmn tO Ihs pariah fram the Churohwerdans accounts

During Ihe year Ihe General Fund transferred 2nd (2015 «45000( ta 9W FabnC Fund

5 CHARITASIE AI4D OTHER COM9BTMENTS

Al 31 Dsmmber 20 td lhsre was a Capital CammRmenl smouneng ta «nil (20 t 5 f485,5007 for the building af lhe Cammunny Hell

at Chnst Chondr

9 FUJI BALANCES

(el ERDOIVMENT FUNDS

Sl Andrew's Musion Church Fund

James Newman Ssou eel

Quasters Nail Fund

AD Saints Piano Fund

Perry Sequent

(bl RESTRICTED FUNDS

Sl Mary'4 Toivel lip peril

Chnslmea Lunch Fund

Active Reh rod

Sl Mary'a Donalona Fund

Chrrw Church Donations Fund

Chnsl Church Cammundy Hell

FJI Salnls Donsgons Fund

Frank Hokling Legacy

(cI DESIGNATED FUNDS

Febnc Fund

JJI Salnls Concerl Series

See also Nels 10(lncame paid lo Ganwal Fundl

(Income paid la General Fundt

(Inmme paid lo General Fund)

(Income lo Ag Saints Danabon Fundt

gncome lo All Saints Donatmn Fundl

2D16

872, 155

2, 151

1,0DO

0,000

431

85,267

7,144

229

3,435

16,5D I

25, 100

0,51617,764

18,873

100,452

108,169

4,000112,'169

2016

e84, 108

1,963

1,DOO

e, lgo491

77,002

6,44D

330

2,775

t7,847

22, 552

553,912

17,720

18,597

840, 174

106,188

4 DOO

112,189

tal UNRESTRICTED FUNDS

General Fund (Held memly m cash(

Property (Clergy Houses and church Iurmshings, less loan)

Da, aao

65,734

173,534

105,657

192,795

TOTAL FUNDS 471.432 1 022, 143

10 FUND DETAILS

The Sl AndreWe Llisnon Chumh Fund ia e permanent endawmenl the General Fund receives Ihe mourne Of Ihm Fund

7rm Qusstsrs Hall Furls owns freehold property on nfl ch e 125 year lease was granted m 1865 the annual rent is k HXI

fru the Erat 25 yearn and f200 far Ihe fouavnng 25 yearn «808 during the naci 25 yearn and 2 I cod pa far the real af the Isaac

The RMWICtad Funda inCluda tha Danabonr, Funda er the three churches The reairmOOna WhlCh aaply ta lhe venous

rub-funds Contained m Ihe Donrmona Funds nuiy Ce SSOSrlemod gcm tha aCCaunla prepared by Ihe churchwardena

11 LEGACIES

the pansh received e legacy of f 12,750 fram the Eslale of Vera Jensms dsc'd (2015 «48, 8237

Page 22

MORTlAKE WITH EAST SHEEN PAROCHIAL CHURCH COUNCIL

NOTES TO THE F!NANCIAL STATEMENTS (continued)

For the year ending 31 December 203 g

12 CrgNNECTED CHARITIEB

The parconral Church Counts la Managing Trustee of Ihe Nlrevsng Registered Chsntrss

Fredsnck Wigan Trust

Flgg Trust

Regatered Charity number. 249614

Regirlsred Charity number 1g13745

These chanlies are empowered le make grants to further Ihe General Purposes of the perennial Churoh COunog, subjoin

In some cases to certain restndiOna Such grants are deacnbed aa such in Ihe Accounts. The rkooounta Ol these

Connected Chanbes are set oul beyond.

Tne Friends of Mortlske Churchyard a a non-registered Chsntabie BOdy and IS alsa a Connected Charity. A oopy of its

Aconunta may be Obtained an application to the Pansh Olfice.

Page 23


NOTES TO THE FINANCIAL STATEMENTS

For Ihe year ending 31 December 2il15

Appendix 1

INCOMING RESOEIRCES TOTAL FIINDS

unreanfcted ucuvstusd Designated Realrlctatt Endotumard

2016 sns Funda Funds Funda 2018 2818

f 5 5 f f f

Inconcng resources from donors

Planned GIVing

Income lax recoverable

Oc Ihmt slns

Sundry donehons

282, 427

67, 777

31,375

7, 585

298,33C

72,9a3

39,123

9, 748 25

282,427 295338

67.777 72.848

31,375 39,123

7, 590 '8, 155

389, 144 418 141 25 0 0 339,169 tts, mt

Other volunlsrp inccvmng resources

Grsnts

Church conlnbu'lens

Donalmns end appeals

Tax reocvere lac On donatiOne 8 SPPe Sic

Funduaumg events

Leg aoreS

6 030 8 338

'I 2,750

300

60, 127

11,035

6,330 72,525

0 8

80, 127 142288

1 1,035 17,ea238 S,SN

12.7517 IEE23

18,780 35 148 238 71,462 0 '90,450 36, 117

lnccme rescuroea from Operabng SCSvhres

to furfher fhe Cc cnufa olverf8

Lehings snd rents

tJSS Of CnurCh

PCC Fess

Social and Iueeenlslions

Adrvhms fees end ccntnbubons

Educational actlvlllas contribution

5 668 12 043 42,065

93 7,895

4,540 IO, SSS

2,700 388 8,345

5,369 4,845 17,45T 12,349

1st

47, 733

7,895

4, 540

9,045

35,175

0

IOSI0

72tst

22.121

1st

1S,277 28,058 '73, 565 12,349 0 104, 191 I ITIN

income resources from operafrng udivnrcs

to gsnarafe funds

Fund raismg

Maganne adVerllsrng

7.179 7, 179

0 57 0 T, 179 0 7, 179 88

Ofner cvdmsrv SICnmlng reacurosa

Irnurance deems

Sale of malensls

5,072 4,000 5, 072 8033

0 8

VAT recovered

Other

0 8

132 890 132 883

5,204 4,890 0 5 204 tp0

InCCme frOm mVestmenr

Dlvtdshds Bhd Ihtafett

Deposit rhtsmst

Bank inlerest

644 493 16 1,034 1,894 2240

0 Ml

F93 18 1,034 0 1.694 26 B

TOTAL INCOMISIG RESOURCES 432,049 508,785 73,844 92,024 0 597.917 831,951

Page 24

ESQRTLAKE WIM EAST SHEEN PAROCHIAl CHURCH COUNCIL

NOTES TO ME FINANCIAL STATEMENTS IcangnnedI

Fortheyearandlng31 Daoemher 2018

Appendix 2

RESOURCES USED

UnfeatdOlml U~ Designated Restrhtcrl Enaommsnt TOTAL FLIND5

2010 Iaf Funda Fiiilda Fiilida 201e ltns

I 5 8 5 8 IOrsnm

hhssrxucy eml chsraade gmng

Clvinh e ivcaac

Mimionety Scasfies

Rshef and development agexmsHome mismons and other Chwch

somelles ana urgentsegons

Cmcch mmlrlhdlori Io Parhli

Other rhamlsr

Rumors dnmalxsi

47mn

0,300 'I 174

9,775 14 txr

4, IO I

4,000 I0,306 831I

tl, 775

0 Icy30 I Icl

0 a

22,201 0 30 0 22,231 Bimi

ncenhm dvsmfy refahng fo fhs tvora o( Ra ChurCP

Mlitalry

tynrem, Pimsh Ddouit Fiiinl

Dccese Mna of Teanl Inter Stdend

Irhil stens I conn sac

hmlstarlsl stOOmrt

Clcrgylx Camels

Ctegy hovmt fc8n fo

md imptiv8iiliinlt

Cow cess.Rish rig im pet oetl

Inswmica

Upkeep ol asrvmar

Satanas, wager raulr pay

Ch rch famni

Reaxm 8 mhxovemods (alnnlufe)

Repars 5 improvements tmslalkilmm)

Fear 6 expenses

Support ocsm

Adfvilnl

Enucalen md Irarnng

Outreach

Sca manana adiv oas

Stancnptmns

Presealetmas mn gyle

Olrisr cm!Iii

Hall and Rocms

Rurrmp cocm

Maintenance

218 OD

15 No0.334

2,48 I

I I 475

17 720

13,301

15 003

3,42I

1,230

3,3rD

104

2,040

156

oml, 63~

7, 190

I,crt

I a,sr ~

21 silt

12 207

14 crt

Osis

1 732

0,434

115

3.R)1

20,51M

I 3 fern

2.813

'17 002

192

446

4,957

I 494

1.020

000 eto3,773

0 007

t,ass

298 000 xonxr

15,520

0 334

2 481

I IN 75

I ifo' 1. I

Iaar)

17 72S filar

22JII5 alAI

10,190 tr, mt

0 045 rxo27486 )lprr

24.509 4 ml

1,4DI I,lxl

1,736 to, lla

5,206 f, loa

302 In2,040 arne

150 0

4,057 I oD

0 a

030,354 mmr

0,5N! 7AS

3,421 0

Cavr o(pamratep amds

Funa rmsmg costs

G klieg itdleclt' mals

390,700 Iasrif 70,942 020,027

154

0 '1, 100,649

154 0

0 0

0 0 154 0 154 a

Chomh mamgemenl and cdicnnfMaon

S0 col tan el cools

Offer cons~I Iximu

Sana muxg asax umtc ana ewxr

13 300

5,230

1,262

1,107

2,377 2,310

ma

1,154 2,573

152

13 300 I7H

S,fdy I,II.'1,261

I 259

2 377 7aio

79S

24 000 Iti 1st 1154 2 725 0 27.IM0 el pl I

TOTAL RESOURCES USED 445.061 433,ett 80,000 631 736 0 l.'1501m3 clr, lm

year 15

MQRTLAKE WITH EAST SHEEN PAROCHIAL CHURCH COUNCIL

CONNECTED CHARmES ACCOUNTS (Not subject to audit)For the year ending 31 December 2016

FrederickSTATEMENT OF FINANCIAL TrustACTIVITIES

2016E

Wigan

2D15

Figg Trust

2D16 2015E E

INCOME

RentsInsuranos recharge

Dividends and Bank Interest

Total In ourn e

17,7552, 573

42

18,375580

3519,990 20, 370

1,017 1,2001,D17 1,200

EXPENDITURE

Legal 8 professional fees*drhinistralion rechargeSelvlcaeinsurance

Works

Total expenditure

NET INCONIINGI(OUTGOING) RESOURCES

GAINSILOSSES ON INVESTMENTS

NET MOVEMENT IN FUNDS

4, 8631,0007,653 4, 36g

843 809742 3,470

10,238 13,511

9,752 6,859

4,948 1,768

14,700 8,627

0 0

1,017 1,200

3,486 422

4,503 1.622

BALANCES BROUGHT FORWARD

AT 1 JANUARY 20'f6 (2015)BALANCES CARRIED FORWARD

AT 31 DECEMBER 2016 (2018)

54,019 45, 392

68,719 54, 019

39,199 37,577

43,702 39,199

BALANCE SHEET AT 31 DECEMBER 2016 (2015)

FIXED ASSETSInvestments (COIF Units l

Deposits (CBF)40,889 35,941

3,314 3,31434,886 31,400

CURRENT ASSETBCash at bank and in hand

Debtors

Creditors

25,137 14,019379 745

(1,000)

8,816 7,799

NET ASSETS 68,718 54,019 43,702 39,199

FUNDS

Endowment Fund

Recoupment Fund

Income Fund

TOTAL FUNDB

3,314

24, 516

3,31435,94114,764

68,718 54, 019

34,888 31,400

8,816 7,799

43,702 39,189

The Frederick Wigan Trust is sub)sotto a Recoupment Order of 60 annual payments of F149 DS 35 annual

instalments have now been paid. The trust also retains a smail piece of land adiaoent to Ihe site of the old

Wigan Hall anwhioh eland threehuts No value hasbeen attached to this land The leases OlthehutShave recengy been renewed.

Fate 26

east council report 31 2016

Documents