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2020-12-31-accounts

Page
Trustees'
report
1-13
Statement
ofTrustees'
responsibilities 14
Independent
auditor's
report 15-18
Statement
offinancial
activities 19-20
Balance sheet 21
Statement
ofcash flows
22
Notes to the financial statements 23-45

Structure, governance governance governance and and management
The charity is a trust and as such the governing document
is the
Trust Deeds.
The Parochial
Church
Council (PCC) is registered with the Charity Commission (Registration No. 1128313).
During the year (from 1 January 2019to date of this report) the following served as elected PCC members:
The Rev'd Canon Robert Cotton (Chair & Incumbent and General
Synod Representative)
The Rev'd Jonathan Hedgecock (Associate Minister)
The Rev'd Roderick Pierce (Associate Minister)
The Rev'd Tom Pote (Curate)
M Bishop (Vice-Chair)
C Graham (Deanery and General Synod Representative)
A Marriage (Deanery Synod Representative)
Maggie Perrins (Deanery Synod Representative) (Appointed 5 April 2020)
R Dixon (Treasurer)
P Mitchell (Family and Children's
Co-ordinator)
J Nockolds (Churchwarden - St Mary' s) (Appointed 5 April 2020)
M Howard (Churchwarden -St Mary' s)
H Parkinson (Churchwarden - Holy Trinity) (Appointed 5 April 2020)
P Mclntosh (Churchwarden - Holy Trinity)
CAlcock (Appointed 5 April 2020)
SAlcock
M Alexander (PCC Secretary)
CAntcliff (Appointed 5 April 2020)
C Benson (Appointed 5 April 2020)
A Chastney (Appointed 5 April 2020)
P Graham
P Hancock
J Hawksworth
J Hedgecock
C Howes (Appointed 5 April 2020)
V Howes
AJacques (Deanery Synod Representative) (Resigned 5April 2020)
C Jarrett
G Jones (Designated Safeguarding
Lead)
M Kettell
W Latto (Appointed 5 April 2020)
R Lee
A Mclntosh
S Marriott (Churchwarden - Holy Trinity) (Resigned 5April 2020)
N Matthews
S Palmer (Churchwarden - St Mary' s) (Resigned 5April 2020)
M Perrins
C Roberts
D Uzzell (Resigned 5April 2020)
AWalker
P Youngs

Current financial year Current financial year
Unrestricted Unrestricted Restricted Total Total
funds funds funds 2020 2019
general designated
Notes
Income from:
Donations
and legacies
253,894 552 119,808 374,254 827,846
Charitable
activities
20,919 56 20,975 75,824
Parish events 3,224 3,224 28,276
Investments 662 262 4,317 5,241 9,505
Total income 278,699 814 124,181 403,694 941,451
Charitable
activities
276,630 14,660 494,320 785,610 1,405,546
Other 12 257 20 277 315
Total resources expended 276,887 14,660 494,340 785,887 1,405,861
Net gains/(losses) on investments 13 1,340 465 6,710 8,515 19,196
Net movement
in
funds 3,152 (13,381) (363,449) (373,678) (445,214)
Fund balances at 1 January 2020 60,176 51,411 1,023,194 1,134,781 1,579,995
Fund balances at 31 December
2020 63,328 38,030 659,745 761,103 1,134,781

Prior financial yea r
Unrestricted Unrestricted Restricted Total
funds funds funds
general designated
2019 2019 2019 2019
Notes
Income from:
Donations
and legacies
231,483 4,329 592,034 827,846
Charitable
activities
74,959 865 75,824
Parish events 4,935 23,341 28,276
Investments 862 467 8,176 9,505
Total income 312,239 4,796 624,416 941,451
Charitable
activities
306,877 25,416 1,073,253 1,405,546
Other 12 295 20 315
Total resources expended 307,172 25,416 1,073,273 1,405,861
Net gains/(losses) on investments 13 2,286 1,235 15,675 19,196
Gross transfers between funds (7,353) 7,353
Net movement in funds (12,032) (433,182) (445,214)
Fund balances at 1 January 2020 60,176 63,443 1,456,376 1,579,995
Fund balances at 31 December 2020 60,176 51,411 1,023,194 1,134,781

2020 2019
Notes F
Fixed assets
Tangible assets 14 335,866 287,826
Investments 15 131,821 123,306
467,687 411,132
Current assets
Debtors 17 15,304 315,286
Investments 18 199,134 393,896
Cash at bank and in hand 126,192 84,113
340,630 793,295
Creditors: amounts falling due within
one year 19 (47,214) (69,646)
Net current assets 293,416 723,649
Total assets less current liabilities 761,103 1,134,781
Income funds
Restricted funds 21 659,745 1,023,194
Unrestricted funds 22 101,358 111,587
761,103 1,134,781

2020 2019
Notes
Cash flows from operating activities
Cash absorbed
by operations
26 (56,522) (662,396)
Investing activities
Purchase oftangible
fixed assets
(101,402)
Proceeds on disposal of investments 194,762 640,497
Investment income received 5,241 9,505
Net cash generated
from investing
activities 98,601 650,002
Net cash used in financing activities
Net increase/(decrease)
in
cash and cash
equivalents 42,079 (12,394)
Cash and cash equivalents
at beginning
ofyear 84,113 96,507
Cash and cash equivalents at end of year 126,192 84,113

Freehold land and buildings 2% on cost of buildings
Leasehold improvements 5% on cost
Fixtures and fittings 17%-25%on cost

Unrestricted Unrestricted Restricted Total Total
funds funds funds 2020 2019
general designated
F
Donations and gifts 244,440 37,064 281,504 648,381
Legacies receivable 1,116 1,116 3500
Grants receivable 9,454 552 81,628 91,634 175,965
253,894 552 119,808 374,254
Forthe year ended 31 December
2019 231,483 4,329 592,034 827,846

Trinity Centre Church Lettings Pewley Way Miscellaneous Total Total
lettings lettings sales 2020 2019
Sales within charitable
activities 11,054 9,300 621 20,975 75,824
Analysis
by
fund
Unrestricted funds-
general 11,054 9,300 565 20,919
Restricted funds 56 56
11,054 9,300 621 20,975
Forthe year ended 31 December 2019
Unrestricted funds-
general 35,878 29,967 6,574 2,540 74,959
Restricted funds 865 865
35,878 29,967 6,574 3,405 75,824

Unrestricted Restricted Total Total
funds funds 2020 2019
general
F
Fees paid to the PCC 2,487 2,487 3,013
Trading
activity income: other
737 737 25,263
Parish events 3,224 3,224
Forthe year ended 31
December 2019 4,935 23,341 28,276

Unrestricted Unrestricted Restricted Total Total
funds funds funds 2020 2019
general designated
F F
Income from unlisted investments 511 202 2,987 3,700 4,235
Interest receivable 151 60 1,330 1,541 5,270
662 262 4,317 5,241
Forthe year ended 31 December
2019 862 467 8,176 9,505

2020 2019
Staff costs 72,848 68,287
Depreciation
and impairment
53,362 36,461
Ministry expenses: Diocesan parish share 109,957 109,749
Ministry expenses: Rector's housing/expenses 3,067 7,115
Ministry expenses: Curate's housing/expenses 3,343 13,641
Ministry expenses: Other 4,505 6,055
Building
running
expenses
53,524 62,208
Church
maintenance
17,840 181,298
Upkeep ofservices 9,468 21,106
Parish development and special projects 427,696 839,458
755,610 1,345,378
Grant funding
ofactivities (see note 8)
24,700 55,008
Share ofgovernance costs (see note 9) 5,300 5,160
785,610 1,405,546
Analysis
by fund
Unrestricted
funds -
general 276,630
Unrestricted
funds -
designated 14,660
Restricted funds 494,320
785,610

2020 2019
f
Grants to institutions:
Missionary Societies 5,750 5,500
Relief and Development Agencies 1,500
Home Missions and other Church Societies 5,700 4,751
Secular Charities 5,300 6,750
Other donations
and grants
7,950 35,807
24,700 54,308
Grants to individuals 700
24,700 55,008

Support costs
Support Governance 2020 2019 Basis ofallocation
costs costs
f' f
Audit fees 3,900 3,900 3,810 Governance
Accountancy 1,400 1,400 1,350 Governance
5,300 5,300 5,160
Analysed between
Charitable activities 5,300 5,300 5,160

The average
monthly
number
ofemployees
(all part
time) during
the year was:
2020 2019
Number Number
Support staff
Employment costs 2020 2019f
Wages and salaries 70,560 66,531
Social security costs 282 402
Other pension costs 2,006 1,354
72,848 68,287

Unrestricted Restricted Total Total
funds funds 2020 2019
general
Bank charges 257 20 277 315
Forthe year ended 31 December 2019 295 20 315

Tangible fixed assets
Freehold land Leasehold Fixtures and Total
and buildings improvements fittings
Cost
At 1 January 2020 24, 100 628,477 44,016 696,593
Additions 101,402 101,402
At 31 December 2020 24, 100 628,477 145,418 797,995
Depreciation
and impairment
At 1 January 2020 6,750 376,349 25,668 408,767
Depreciation
charged
in the year 450 31,424 21,488 53,362
At 31 December 2020 7,200 407,773 47,156 462,129
Carrying
amount
At 31 December 2020 16,900 220,704 98,262 335,866
At 31 December 2019 17,350 252,128 18,348 287,826

Fixed asset inves tmen ts
Unlisted
investmentsf
Cost or valuation
At 1 January 2020 123,306
Valuation
changes
8,515
At 31 December 2020 131,821
Carrying
amount
At 31 December 2020 131,821
At 31 December 2019 123,306
Financial
instruments
2020 2019
Carrying
amount
offinancial assets
Debt instruments measured at amortised cost 11,057 286,251
Equity instruments measured at cost less impairment 131,821 123,306
Instruments
measured
at fair value through profit or loss 199,134 393,896
Carrying
amount
offinancial liabilities
Measured
at amortised
cost 1,800
Debtors
2020 2019
Amounts
falling
due within one year:
Other debtors 11,057 286,251
Prepayments
and
accrued income 4,247 29,035
15,304 315,286

2020 2019
f
199,134 393,896

Creditors: amounts
f
alling due within one year
2020 2019
Other creditors 1,800
Accruals and deferred income 47,214 67,846
47,214 69,646

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24 Capital commitments 2020 2019f
At 31 December 2020 the PCC had capital commitments as follows:
Contracted
for but not provided
in the financial statements:
Acquisition
of property,
plant and equipment
314,793
25 Related party transactions
Remuneration
of key management
personnel
The remuneration
of key management
personnel is as follows.
2020 2019
Aggregate
compensation
4,742 4,596

25 Related party transactions (Continued)
Expenses Fees
F F
Rev'd Canon Robert Cotton 2,798
Mrs Corinne Jones 1,165
Rev'd Jonathan
Hedgecock
300
Mr James Hedgecock 2,792
Rev'd Roderick Pierce 125
Rev'd Tom Pote 1 745
8 925
No guarantees
have been given
or received.
26 Cash generated
from operations
2020 2019
F E
Deficit for the year (373,678) (445,214)
Adjustments
for:
Investment
income recognised
in statement offinancial activities (5,241) (9,505)
Fair value gains and losses on investments (8,515) (19,196)
Depreciation
and impairment
of tangible fixed assets 53,362 36,461
Movements
in working
capital:
Decrease/(increase)
in debtors
299,982 (237,564)
(Decrease)/increase
in creditors
(22,432) 12,622
Cash absorbed
by operations
(56,522) (662,396)