ALL SAINTS ECCLESALL
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD
REPORTS AND FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2020
Registered Charity No. 1128859
Loving God. Living Life. Sharing Faith.
## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD
## CONTENTS
||Page|
|---|---|
|Legal and administrative information|1-2|
|Report ofthe Trustees|3-10|
|Independent Auditors’ report|11-13|
|Statement of Financial Activities|14|
|Balance Sheet|15|
|Statement of Cash Flows|16|
|NotestotheFinancialStatements|17-31|
## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD
## LEGAL and ADMINISTRATIVE INFORMATION
|Charity number|1128859|||
|---|---|---|---|
|Address|Church Halls|||
||Ringinglow Road|||
||Sheffield|||
||S11 7PP|||
|Auditors|Hawsons Chartered Accountants|||
||Statutory Auditor|||
||Pegasus House|||
||463a Glossop Road|||
||Sheffield|||
||$10 2QD|||
|Bankers|Yorkshire Bank plc|||
||681 Chesterfield Road|||
||Sheffield|||
||South Yorkshire|||
||S8 ORY|||
|Officers ofthe Parochial Church Council (PCC)||||
|Chair|Sarah Leighton|(T)|To 21 October 2020|
||Ruth Watkin|(T)|From 22 October 2020 to 20January 2021|
||The Revd. Canon Mark Brown|(T)|From 21 January 2021|
|Vice Chair
||The Revd. Dan Christian|(T)|Joint Vice Chair to 20 January 2021|
||The Revd, Beth Keith|(T)|Joint Vice Chair to 20 January 2021|
||Ruth Watkin|(T)|From 21 January 2021|
|Secretary|EmilyJackson|(T)||
|Treasurer|Ann Hawkes|(T)|To 10 February 2020|
||Julia Newton|(T)|From 15 June 2020|
||||Deputy Treasurer from 27 January 2020|
|Giving Treasurer|Roger Manterfield|||
|ElectoralRollOfficer|StuartKing|||
Key (T) = Trustees
1
## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD LEGAL and ADMINISTRATIVE INFORMATION - continued
|Trustees (Voting Members of Parochial Church|Trustees (Voting Members of Parochial Church|Council)|Council)|
|---|---|---|---|
|Oversight Minster|The Revd. Canon Mark Brown||From 21 January 2021|
|& Priest in Charge||||
|Associate Vicars|The Revd. Dan Christian|||
||The Revd. Beth Keith|||
|Church Wardens|Sarah Leighton||To 21 October 2020|
||Ruth Watkin|||
||David Coleshill||From 21 October 2020|
|DeanerySynod|Tim Robinson|||
|Representatives|Vicky Vidler||To 5 February 2020|
|Elected Representatives||||
||David Coleshill|E|Deputywarden to 21 October 2020|
||Julia Newton|E|Deputy warden to 21 October 2020|
||Alison Fletcher|E|Deputy Warden From 15 June 2020|
||Richard Bylth|E|Deputy Warden From 15 June 2020|
||Sue Blaby|E|To 21 October 2020|
||Alan Cantrell|E||
||Jenny Coleman|E|To 21 October 2020|
||Richard Donkin|E|To 21 October 2020|
||Kelly Feast|E||
||Kate Gerrish|E|From 21 October 2020|
||Michael Gordon|E||
||Jonathan Hattersley|E|To 21 October 2020|
||Ann Hawkes|E|To 10 February 2020|
||Rod Ismay|E||
||Emily Jackson|E||
||Julia Newton|E||
||Eric Phillips|E||
||Bev Popplewell|E|To 21 October 2020|
||Lesley Snell|E||
||Kathryn Walker|E||
||Alison Woodman|E||
|Co-opted Member|Kate Gerrish||Until elected on 21 October 2020|
||As Parish Safeguarding Officer|||
|Ex Officio Non Voting Members ofthe PCC||||
|Clerks in HolyOrders —The Revd. AlistairStevenson
beneficed in or licensed the Revd. Stephen Hunter|||AssociateVicarto30June 2020
SSM Associate Minister|
|to the Parish||||
|Key(E)=ElectedRepresentative||||
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## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
The members of the Parochial Church Council (‘PCC’) are pleased to present their report and financial statements for the year ended 31 December 2020.
## 1. Structure, governance and management
## PCC
The PCC is a corporate body established by the Church of England. It is part of the Ecclesall Deanery within the Diocese of Sheffield. The PCC operates under the Parochial Church Council Powers Measure. PCC is a Registered Charity.
All regular Church attendees are encouraged to register on the Electoral Roll and are able to stand for election to the PCC providing they meet the requirements of the Charity Commission and Church of England, and are not disqualified under the Church Representation Rules. The method of appointment of trustees is set out in the Church Representation Rules. Trustees are offered training to support their membership of PCC.
The PCC is responsible for setting the overall mission and vision of the Church, for ensuring that money is spent wisely and appropriately, for employing staff and for looking after all church property.
The full PCC formally met twice in person prior to the start of the restrictions resulting from the Covid-i9 pandemic and then formally met a further five times via Zoom. All members of PCC had access to Zoom and were able to receive papers electronically, so allowing all members to fully participate in the meetings. Taking the seven meetings together there was average attendance of 85.0% (2019 - 83.4%). PCC also held an away morning in February 2020 with 73.5% attendance.
Given the wide range of responsibilities undertaken by PCC it is supported in its work by a number of committees and groups each dealing with particular areas as follows:
## PCC Executive Committee
This is the Standing Committee of PCC. It transacts the business of the Church between PCC meetings and with the Estates Commitee has shared oversight of property improvement and maintenance. It usually consists of the vicar (chair), the two church wardens and treasurer plus a minimum of two elected members of the PCC, with the operations manager, the associate vicars and deputy warden(s) in attendance. The committee reports to the PCC via minutes of its meetings. The Committee met on a regular basis during 2020 usually chaired by Sarah Leighton, Senior Warden and was particularly focussed on managing issues resulting from Covid-19 restrictions, combined with the church being in a period of Vacancy throughout 2020.
## PCC Estates Committee
The Estates Committee acts as an interface between PCC and the day to day management of All Saints estate, including providing advice and recommendations on major estates repairs and developments. The Committee usually consists of a chair, a designated warden, the treasurer, plus another member of the PCC and up to three members of the Church family with appropriate skills, experience or expertise. The Committee reports to the PCC via minutes of its meetings. In attendance, when required, are the Chair of Whirlow Grange Ltd, the Churchyard Volunteer Team Leader and the Operations Manager. The committee met only twice in 2020 primarily reflecting that Covid-19 restrictions significantly delayed work to the fabric of the church.
## Treasurer's Group
The Treasurer’s Group works alongside and in support of the Treasurer developing sustainable financial policies and procedures in support of good governance and stewardship of church resources and providing technical and professional expertise to support the Treasurer in the preparation of financial reports and assessments to PCC. During 2020 the group met five times with a focus on updating policies, investment of funds and a competitive tendering process for our auditors. The membership consists of the Vicar or Associate Vicar, Treasurer, Giving Treasurer, a member of the PCC (appointed by the PCC) and up to three Non-PCC members with appropriate skills and experience. It reports to PCC by way of relevant papers.
## "Beyond Ecclesall" Mission Support Group
The group exists to promote Christian mission beyond the normal local, social, pastoral and evangelistic and ecumenical responsibilities of the Church Family. It seeks to implement the mission support policy approved by PCC and to make recommendations to the Vicar on the distribution of the annual budget for mission support approved by PCC. The group is chaired by a member of PCC, with at least one other member being a member of PCC and with 6 to 8 other members. It reports to PCC by via minutes of its meetings which happen at least 3 times a year.
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## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 - continued
## Task & Finish Groups
In June 2020, PCC approved the establishment of three time limited "task and finish" groups to undertake specific projects. Firstly to support the re-opening of church following the first lock-down. With its work complete, it ceased to meet in the autumn. Secondly to support the re-opening of the Parish Halls and to prepare a report on possible longer term options. The Group finished its work with a report shared with Mark Brown and PCC in February 2021. Thirdly to look at options for fund raising given the financial challenges faced as a result of Covid-19. Within the restrictions, three successful activities were able to take place. PCC agreed at its meeting in February 2021 that this group would continue to meet as part of normal activities going forward.
## Related Trusts and Charities
The Taylor Institution (Reg. Charity 226122) provides grants to poor people in the Ecclesall Bierlow area, who are members of the Church of England. The Vicar of All Saints Ecclesall was the sole trustee of the charity until 5 September 2019. Subsequently no grants have been made but work is ongoing with help and direction from the Charity Commission for the PCC to become Corporate Trustee. This will improve the governance of the Charity and allow grants to be made, overseen by our new Oversight Minister.
## 2. Obiectives and activities
The Church's main objective is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England.
All Saints PCC has the responsibility of co-operating with the incumbent in promoting within the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical and in support of our calling to be:
- A vibrant, missional, multi-generation Christian community worshipping the God who is Father, Son and Holy Spirit, living our daily lives in worship and sharing our faith with Ecclesall and beyond.
At the start of 2020, we had formally been in a Vacancy (that is with no incumbent) since September 2019, Due to a moritorium on the appointment of new incumbents across the Diocese, we also had been given no timetable for when we might advertise for a new vicar. This meant that PCC felt it was difficult to set any major new objectives and in particular plan substantive new developments for 2020. PCC determined that the focus should be on maintaining the wide range of services and activities that take place at All Saints.
## 3. Achievements and performance
2020 has been a challenging year for All Saints, just as it has for many churches. As well as being in Vacancy all year, from March 2020 we needed to work through all the changes and demands brought about by the global pandemic of Covid-19. We had to adapt to how we could provide services, activities and pastoral care to both the church family and our wider community as restrictions have changed throughout the year. PCC would like to formally record our thanks in this Trustees' Report for all the hard work by our ministry and operations staff and by our many volunteers in support of our calling. We have seen many marvellous new and imaginative responses to provide services, activities and pastoral care during these extraordinary and challenging months of 2020.
The staff team, working closely with the Churchwardens and PCC, responded to the changing circumstances including providing services, prayer and reflection resources on line, opening and closing our church and halls buildings as we were able, providing resources to those members of the church family with no digital access and caring pastorally for members of the church family, particularly those struggling with the impact of the pandemic.
PCC continued to meet to oversee and sometimes take very difficult decisions relating to our finances, staffing and work to our church buildings. We are grateful to members of our operations team who continued to work to keep necessary financial and other operational matters functioning.
Early in 2020 PCC approved emergency repairs to the church particularly to prevent further water ingress after problems worsened over winter 2019/20. Unfortunately the Covid-19 restrictions and then supply issues prevented the planned work from taking place and this is being scheduled for as early as possible in 2021. PCC also approved major repairs to the nave roof and gutterings in response to the 2015 Quinquennial Report, which also are deferred into 2021.
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## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 - continued
A major highlight of the year was when we were able to advertise for our Oversight Minister and Priest-in-Charge at All Saints. PCC records our thanks in particular to our two Parish Representatives who were so integral to the recruitment process, Interviews took place on 28" September and on Sunday 25" October, the announcement was made that The Revd. Canon Mark Brown had been appointed. Mark's licensing service took place on 21 January 2021 via Zoom and we look forward to him leading us in a new season at All Saints.
## Church membership
There were 338 Church members on the Electoral Roll as at 31 December 2020. (2019 — 341). The Covid-19 pandemic means that an average weekly attendance in the church building at All Saints during the year is not a meaningful figure. We were able to be open during October 2020 which is when the Church of England request attendance information. This showed an average Sunday attendance of 76 and of 16 at Tuesday morning services at the Chapel of the Holy Spirit, Whirlow. (2019: Average at All Saints was 400 + 40 at the Chapel of the Holy Spirit). There were 214 households in December 2020 in the pledged giving scheme making regular gifts (2019: 230).
## Worship andprayer
Daily Prayer normally takes place in the church on mid weekdays with up to 5 services of public worship each Sunday and one on a Wednesday. In addition, on Sundays there is a pattern of services at the Chapel of the Holy Spirit and youthorientated worship events in the halls. There is a weekly reflective service of Holy Communion at the Chapel of the Holy Spirit on Tuesday mornings. This pattern has been interrupted and effected by Covid-19, with the church being shut during lockdown from 16 March 2020 and services being moved online. The church reopened for private prayer at the beginning of June 2020, opening on a Wednesday and a Sunday morning, and services allowing for limited attendance began in July 2020. These services took place during a Sunday morning and ran alongside the service that continued to be delivered online. They continued through to Christmas Day with some additional services both on line and in church during Advent apart from during "lockdown 2".
The Ministry team, supported by church family members, have provided a range of prayer and reflection resources both on line and in hard copy since the start of the pandemic in 2020 and continue to do so. The prayer labyrinth walk created by our church yard volunteers has proved popular. Starting with our celebrations for Harvest and continuing with themes for Remembrance, Advent and Christmas we have been reaching out and seeking to bless our local community with our theme of "church inside out" with displays and messages along the public footpath which runs through our church yard. We are encouraged by the many positive responses we have received and continue with these activities in 2021. PCC thanks members of the 'creative team' and all those who have contributed.
PCC is grateful to Revd. Beth Keith for taking on temporary responsibility from July 2020 for the oversight of our worship and music ministry following both Revd. Alistair Stephenson and David Onac, Director of Choral Music, moving to new roles away from All Saints at the end of June. The introduction of "live streaming” of services has presented a range of technical challenges and remains "work in progress".
## Programme ofEvents
The programme of ‘in person’ events for 2020 was significantly impacted by Covid-19. Throughout 2020, the church continued to provide a weekly and, at times, daily presence via social media. Daily reflections were provided throughout Lent and Advent. Our Small, Echo and Youth Groups have found a variety of ways of continuing to stay in touch and provide fellowship, friendship and care. With the easing of restrictions over the summer, two successful "Open Gardens" weekends were held allowing church family members to safely meet in a socially distanced way and at the same time raise funds for the church. Activities for our Children and Youth are discussed under those headings.
## Pastoral Care
Under the leadership of Revd. Dan Christian and Sue Blaby, All Saints has a team involved in and committed to developing Pastoral Ministry with staff and many others reaching out and offering care to church members and the local community. The team have been particularly pro-active during all the restrictions of 2020 in making contact with those living on their own.
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## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 - continued
## Childrens Ministry
Working with Revd. Dan Christian, Children’s Minister, Rosie Blackett, ably continues to develop the children’s ministry throughout the church and in her role as school chaplain at Clifford All Saints School. Rosie found new ways to do this during the pandemic including delivering, a very successful online Holiday Club in August. Ruth Ling supported Rosie as Toddlers’ Assistant until the closure of the Toddlers’ Group in March 2020 due to the Covid-19 pandemic.
## Youth Ministry
Youth ministry, led by Revd. Dan Christian, has largely taken place "on line" with monthly in person services when restrictions allowed. Sadly House Party scheduled for April 2020 had to be cancelled due Covid-19 restrictions. After careful consideration, the PCC advertised for a part time Youth Minister during 2020 but were unsuccessful in all attempts to appoint. PCC will be reviewing options in early 2021.
## Whirlow
On site activities in the Chapel of the Holy Spirit were severely affected by Covid-19 restrictions but Whirlow Grange Ltd operated a diverse programme of on line events. Reflective Communion Services restarted in October 2020, following the opening of the Chapel for private prayer over the summer. There was a moving exhibition " together in isolation” available for viewing. The peaceful grounds surrounding the Chapel were open throughout the year for those seeking a tranquil space for prayer and reflection.
## Mission and Evangelism
All Saints remained fully committed to Mission and Evangelism during 2020. We pray for, participate in and give financial support to local, national and international projects and individuals. It was disappointing that the planned visit by church family members to our connected church in Tanzania in May 2020 had to be cancelled due to the pandemic. Our Mission Weekend still took place, albeit on line, with fund raising through a highly enjoyable "quiz night".
## Ecumenical relationships
Members of staff meet with leaders of other local churches and from churches across the city. The Chapel of the Holy Spirit at Whirlow is a postive ecumenical arrangement. We are in a mission partnership with St Gabriel’s in Greystones. The Revd Alistair Stevenson was half time Associate Vicar at All Saints and half time Priest in Charge at St. Gabriel's until the end of June 2020, at which point he became full time Priest in Charge at St. Gabriel’s. We have run some joint services and events during 2020.
## Deanery Synod
We had Lay and Clergy members attend Deanery Synod meetings and events specifically arranged as part of the Diocese's implementation of the "Renew, Release, Rejuvenate" strategy, with PCC also providing feedback on the proposals relating to Mission Partnership Areas and the deployment of clergy as part of this strategy.
## Volunteers
PCC remains grateful for the services of numerous volunteers who cover a wide variety of roles including Church Wardens, Treasurer, PCC Secretary, Giving Treasurer, Parish Safeguarding Officer, Readers, PCC members, Sidespeople and Welcomers, Home Group Co-ordinators and Leaders, and many other roles. Ordained, licensed and approved ministers and preachers lead and preach at services on a regular basis.
## Public Benefit
The range of activities in our church provides clear tangible benefits to our community by:
- The provision of a full range of services, in the open evangelical tradition, available to all.
- Pastoral work, including visiting the sick, distressed and bereaved in the community and through our links with St Luke’s Hospice. - Teaching of the Christian faith through sermons, courses, special events and youth groups and religious assemblies in local schools.
- Providing facilities through the use of the Parish Halls to a large variety of groups, including Pre-school, Mother and Toddler Groups, uniformed organisations, musical and theatre groups etc.
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## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD
## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 - continued
## 4. Financial Review
In the 2020 Stewardship Appeal back in autumn 2019, PCC set out draft budget proposals for the financial year ahead. Mindful of our stewardship responsibilities at at time of uncertainty, in that we were already in Vacancy with no clear idea of when that may end, PCC proposed a budget that would allow all our main activities to continue but did not set out to implement new developments or activities that would require additional funding. PCC sought a modest increase in regular giving from the church family to support our activities and at the same time set out clear plans for how the £295k unrestricted reserves of the church would be used over the next 2 years. £150k of these were set aside for the significant repairs required to our church and halls buildings.
The Covid-19 pandemic resulted in a range of challenges affecting most of our planned activities in 2020, which in turn significantly impacted on our finances. This has meant that in many areas our income and our expenditure has been very different to that which we envisaged and planned for. PCC, advised by our Treasurer, who undertook substantial additional work during the year, have regularly monitored our finances and taken a number of difficult decisions in order to ensure that we ended 2020 in a stable financial position. The Church Family have received a number of updates on our finances and the decisions taken and in particular these were set out ina presentation by our Treasurer at the delayed APCM on 21 October 2020 and as part of the request for one off gifts by the church family on Offering Sunday in October 2020.
PCC is very thankful that so many of our church family were able to continue with their regular giving during 2020. While we did not achieve the £15k increase we planned for, when gift aid is included, regular giving was £396.5k and so consistent with the £395.5k in 2019. The financial statements, however, show that income from the hire of our halls, and also hire of church, trading activities, weddings and funerals was substantially lower than in 2019. (£64.5k lower in total at £48.8k compared to £113.2k). This reflects the closure of our buildings and the social distancing measures in place. Where possible and appropriate, PCC agreed steps to reduce expenditure to mitigate against this lower income for example placing staff "on furlough" and pausing contracts for certain support services as well as minimising on the use of utlities. Nevertheless, as shown in note 15, which indicates our income and expenditure by funds, we made a net loss of £29k on the operation of our parish halls. Unfortunately we were not eligible for any discretionary Government Grants.
At the September meeting of PCC we considered forecasts for 2020 which indicated that without additional action we could end the financial year with a £75k operational deficit (that is before any investment gains). As a result, PCC made the difficult decision not to pay the remaining 3 months (£35k) contribution into the Diocesan Common Fund and also decided to replace the usual autumn stewardship appeal with a request to the Church Family to pray for God's provision for All Saints as we faced the financial challenges of Covid-19, and if they were able, to make a "one off" gift. PCC gives thanks for God's faithful provision through the generosity of the church family. When Gift Aid is added, in response to Offering Sunday we raised £45k. These two actions, together with further expenditure savings in "lock down 2", meant the final position was a £25k operational surplus. The Statement of Financial Activities shows for Unrestricted Funds a surplus of £11k, after also taking into account £14k of major repairs.
## Reserves policy
As part of our reserves policy, PCC reviews our reserves position on a regular basis .
Our aim is to maintain unrestricted reserves at a sufficient level to ensure financial resilience and sustainability, including protecting us against key risks identified in our risk register. The most significant continue to be the cost of repairs to our church building and also for 2021, ongoing income loss due to continuing Covid-19 restrictions. Our aim is to achieve an appropriate balance between financial resilience and stepping out in faith to use our funds in support of the mission of the church.
We believe that we should look ahead over at least a two year planning period, but that as a minimum we should seek to have sufficient reserves for the financial year ahead. The table below summarises the position at the time of signing this Trustees’ Report. We assess we need £293k, leaving a balance of £24k for use for activities in support of our mission. Subsequent to the year end we have received up to 10 May 2021 notification of unrestricted legacies totalling £21k which increases our unrestricted reserves by this amount.
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## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD
## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 - continued
## Reserves policy (continued)
**----- Start of picture text -----**
||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Reserves|Required|at|1 January|2021|
|Church|Activities|£|£|
|2021|Budget:|Planned|Deficit|on|Church|&|Halls|Activities|24,000|
|Reserve|for|operational|risks|during|2021|including|further|impact|of|
|Covid-19|restrictions|on|our|activities|and|income|40,000|
|Reserves|set|aside|for|2022|to|manage|risks|such|as|income|not|
|increasing|to|cover ongoing|expenditure|45,000|
|Remaining|commitment|re.|St|Gabriels|Mission|Partnership|-|payable|
|between|January|2021|and|June|2023|34,000|
|143,000|
|Estates|
|Fund|for|major|repairs|to|the|Church|-deferred|from|2020|due|to|Covid-|
|19|restrictions.|We|will|seek|Grants|to|support|the|works|and|hence|
|supplement|this|reserve.|140,000|
|For|repairs|to|other|properties|10,000|
|150,000|
|Total|293,000|
|Unrestricted|Funds|Available|(note|1|below)|317,000|
|Balance|of|Reserves|available|for new|developments|24,000|
**----- End of picture text -----**
Note 1: PCC defines Unrestricted Reserves as general funds and designated funds held in liquid form. Thus we exclude any funds which could only be realised by the disposal of the fixed assets held for charitable use such as the properties we own.
**----- Start of picture text -----**
|||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
|The|Total|Funds|of the|Church|are|made|up|as|follows:|£|£|
|Endowment|Funds:|Investments|held|permanently|to|produce|income|496,472|
|for|the|specific|use|of|maintaining|the|churchyard,|church|fabric,|'|
|supporting|church|music|and|contributing|to|the|Diocesan|Stipend|Fund.|
|Restricted|funds|held|for|specific|purposes.|120,254|
|Designated|funds|held|in|the form|of|tangible|fixed|assets|1,243,926|
|Unrestricted|funds|held|in|liquid|form:|
|General|Funds|166,172|
|Designated|Funds|___151,000_|
|317,172|
|2,177,824|
**----- End of picture text -----**
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## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD
## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 - continued
## Investment policy
PCC agreed an updated investment policy at its meeting in February 2021 as follows:
The PCC holds property in the form of housing for our Associate Vicars and the parish halls to assist in the mission of the church including outreach to the church family and wider community. Each property is professionally valued at market value every three years. They are subject to periodic inspections to ensure that the PCC is appraised of repair and maintenance requirements, so that these can be considered as part of the wider estates programme of work.
All Endowment Funds are held either by the PCC or in trust on behalf of the PCC by the Diocesan Board of Finance, in the CBF Church of England Funds managed by CCLA Investment Management Limited. The objective is to ensure security and a good long term investment return. PCC has determined a medium risk profile and the funds are mainly invested in equities with other asset classes represented. The funds are invested in accordance with the Church of England’s ethical policy.
The PCC’s approach to investing other funds not required for immediate use, is to place these either in cash deposit accounts or investment funds with CBF Church of England Funds, to ensure a balance between ready access to working capital and achieving a reasonable financial return.
## 5. Future Plans
PCC has identified the following priorities for 2021.
- j Identify and implement a mission activity, involving the whole parish family, for the local community from June 2021 onwards
- ii Seek a safe and healing environment where the effects of the pandemic can be addressed sensitively but significantly for our church family members and in connection with the wider community
- jij Led by Mark Brown, our new Oversight Minister, explore the best direction and shape of the church's mission and ministry. To encompass all areas of our multi-generational activities as we emerge from lock down restrictions, including continuing to consider the future direction for our church halls following the initial analysis work by the task & finish group in 2020.
- iv Review the best way to engage in public worship including the balance of on line and physical acts of worship
- v Advertise and seek to appoint a Youth Minister for the autumn with House Party 2021 rescheduled for October.
- vi Ensure the significant repairs to our church building for which we have DAC approvals are completed. Then direct attention to understanding the internal repair requirements and any new issues emerging from the quinquennial inspection due to take place in 2021.
- vii Continue to explore the emerging and established links with the wider Diocesan family with respect to our place in local mission partnerships and the aspiration to be a resourcing church.
- viii Explore how the Parish Church Family can generate social and relational positive outcomes recognising our place within the wider local community of Ecclesall and further afield; this to set the Church in its context and for us all to build networks of trust and partnership so mission and ministry is enhanced.
- ix Launch our first annual initiative at our APCM and ensure that this is pursued and followed through
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## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD
## REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 - continued
## 6. Trustees’ responsibilities statement
As trustees, the members of the PCC are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the members to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the PCC and of the incoming resources and application of resources of the PCC for that period. In preparing these financial statements, the members are required to:
- select suitable accounting policies and apply them consistently;
- - observe the methods and principles in the Charities SORP FRS 102;
- | make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the PCC will continue to operate.
The members are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the PCC and to enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
- In so far as the members are aware: - there is no relevant audit information of which the PCC's auditors are unaware;and - the trustees have taken all reasonable steps that they ought to have taken to make themselves aware of any relevant audit information and to establish that the auditors are aware of that information.
Approved by the PCC on 10 May 2021 and signed on their behalf by The Reverend Canon Mark Brown, Chair PCC
10
## INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD
## Opinion
We have audited the financial statements of the Parochial Church Council of the Ecclesiastical Parish of Ecclesall Sheffield ("the charity") for the year ended 31 December 2020 which comprise the Statement of Financial Activities, the Balance Sheet, the Statement of cash flows and the notes to the financial statements including significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards including FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland" (United Kingdom Generally Accepted Accounting Practice).
In our opinion the financial statements:
- give a true and fair view of the state of the charity’s affairs as at 31 December 2020 and of its incoming resources and application of resources in the year then ended;
- = have been properly prepared in accordance with the United Kingdom Generally Accepted Accounting Practice; and
- have been prepared in accordance with the requirements of the Charities Act 2011.
## Basis for opinion
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditor's responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.
## Conclusions relating to going concern
In auditing the financial statements, we have concluded that the trustees' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least 12 months from when the financial statements are authorised for issue.
Our responsibilities and the responsibilities of the trustees with respect to going concern are described in the relevant sections of this report.
## Other information
The other information comprises the information included in the trustees' report, other than the financial statements and our auditor's report thereon. The trustees are responsible for the other information contained in their report. Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.
Our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact.
We have nothing to report in this regard.
## Matters on which we are required to report by exception
In the light of the knowledge and understanding of the charity and its environment obtained in the course of the audit, we have not identified material misstatements in the trustees’ report.
We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion:
11
## INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD (continued)
## Matters on which we are required to report by exception (continued)
- the information given in the trustees' report is inconsistent in any material respect with the financial statements; or
- zs sufficient accounting records have not been kept; or - the financial statements are not in agreement with the accounting records; or é we have not received all the information and explanations we require for our audit.
## Responsibilities of trustees
As explained more fully in the trustees’ responsibilities statement, the trustees are responsible for the preparation of financial statements and being satisfied that they give a true and fair view, and for such internal control as the trustees determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.
In preparing the financial statements, the trustees are responsible for assessing the charity's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the trustees either intend to liquidate the charity or to cease operations, or have no realistic alternative but to do so.
## Auditor's responsibilities for the audit of the financial statements
We have been appointed as auditor under section 144 of the Charities Act 2011 and report in accordance with the Act and regulations made or having effect thereunder.
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditor’s report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists.
Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.
Irregularities, including fraud, are instances of non compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material mistatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:
The charity is subject to laws and regulations that directly and indirectly affect the financial statements. Based on our understanding of the charity and the environment it operates within, we determined that the laws and regulations which were most significant included FRS 102, Charities Act 2011 and Health and Safety regulations. We considered the extent to which non-compliance with these laws and regulations might have a material effect on the financial statements, including how fraud might occur. We evaluated management's incentives and opportunities for fraudulent manipulation of the financial statements (including the risk of override of controls), and determined that the principal risks were related to the posting of inappropriate journal entries to improve the charity's result for the period, and management bias in key accounting estimates.
Audit procedures performed by the engagement team included:
- Discussions with management and those responsible for legal compliance procedures within the charity to obtain an understanding of the legal and regulatory framework applicable to the charity and how the charity complies with that framework, including consideration of known or suspected instances of non-compliance with laws and regulations and fraud;
- Reviewing minutes of Trustee meetings;
- Identifying and assessing the design effectiveness of controls that management has in place to prevent and detect fraud and non-compliance with laws and regulations;
- Challenging assumptions and judgements made by management in their significant accounting estimates.
- Identifying and testing journal entries, in particular any journal entries posted with unusual account combinations or posted by senior management.
12
## INDEPENDENT AUDITOR'S REPORT TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD (continued)
## Auditor's responsibilities for the audit of the financial statements (continued)
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at: www.frc.org.uk/auditorsresponsibilities.This description forms part of our auditor's report.
Hawsons Chartered Accountants is eligible for appointment as auditor of the charity by virtue of its eligibility for appointment as auditor of a company under section 1212 of the Companies Act 2006.
## Use of our report
This report is made solely to the charity's trustees, as a body, in accordance with the Charities Act 2011. Our audit work has been undertaken so that we might state to the trustees those matters we are required to state to them in an auditor's report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the trustees as a body, for our audit work, for this report, or for the opinions we have formed.
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Hawsons Chartered Accountants
## Statutory Auditor
Pegasus House 463a Glossop Road Sheffield $10 2QD
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13
## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD
## STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
|||Unrestricted|Restricted|Endowment|||
|---|---|---|---|---|---|---|
|||Funds|Funds|Funds|Total|Total|
|||2020|2020|2020|2020|2019|
||Notes|£|£|£|£|£|
|Income and endowments from:|||||||
|Donations and legacies|2|465,967|13,452|-|479,419|539,320|
|Charitable activities|3|49,019|14,997|-|64,016|99,904|
|Other trading activities|4|25,167|-|-|25,167|64,645|
|Investments|5|2,282|12,193|-|14,475|16,879|
|Total income and endowments||542,435|40,642|-|583,077|720,748|
|Expenditure on:|||||||
|Charitable activities|||||||
|- Grants made|6|(17,578)|(10,570)|-|(28,148)|(33,162)|
|- Other missional giving|7|(130,199)|(5,000)|-|(135,199)|(111,418)|
|- Activities directly relating to the|||||||
|work ofthe church|8|(383,684)|(26,451)|-|(410,135)|(596,608)|
|Total expenditure||(531,461)|(42,021)|-|(573,482)|(741,188)|
|Net gains/ (losses) on investments||-|-|31,943|31,943|73,199|
|Net income / (expenditure)||10,974|(1,379)|31,943|41,538|52,759|
|Transfers between funds|15|(4,771)|4,771|-|.|-|
|Net gains/ (losses) on revaluation of|||||||
|fixed assets||=|=|=|-|(1,215)|
|Netmovement in funds||6,203|3,392|31,943|41,538|51,544|
|Reconciliation offunds:|||||||
|Total funds brought forward||1,554,895|116,862|464,529|2,136,286|2,084,742|
|Totalfundscarriedforward||1,561,098|120,254|496,472|2,177,824|2,136,286|
All income and expenditure derive from continuing activities.
14
## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD
## BALANCE SHEET AS AT 31 DECEMBER 2020
|||2020|2019|
|---|---|---|---|
||Notes|£|£|
|Fixed assets||||
|Tangible assets|11|1,243,926|1,260,101|
|Investments|12|496,472|464,529|
|||1,740,398|1,724,630|
|Current assets||||
|Debtors|13|37,128|31,214|
|Shortterm deposits||224,243|30,041|
|Cash at bank and in hand||217,208|401,413|
|||478,579|462,668|
|Creditors: amounts falling due within oneyear|14|(41,153)|(51,012)|
|Net Currentassets||437,426|411,656|
|Total net assets||2,177,824|2,136,286|
|Charity Funds||||
|Unrestricted funds|15|1,561,098|1,554,895|
|Restricted funds|15|120,254|116,862|
|Endowment funds|15|496,472|464,529|
|Totalfunds||2,177,824|2,136,286|
Approved by the Parochial Church Council on 10 May 2021 and signed on its behalf by:
## The Reverend Canon Mark Brown, Oversight Minister and Chair of PCC
The notes on pages 17 to 31 form an integral part of these financial statements.
15
## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD
## STATEMENT OF CASH FLOWS AS AT 31 DECEMBER 2020
||Note|2020|2019|
|---|---|---|---|
|||£|£|
|Cash flow from operating activities|20|(947)|(114,495)|
|Interest paid||=|(324)|
|Netcash flowfrom operating activities||(947)|(114,819)|
|Cash flow from investing activities||||
|Payments to acquire tangible fixed assets||(3,531)|(439,791)|
|Proceeds on sale of fixed assets||>|350,000|
|Interest and dividends received||14,475|16,879|
|Netcash flowfrom investing activities||10,944|(72,912)|
|Net increase / (decrease) in cash and cash equivalents||9,997|(187,731)|
|Cash and cash equivalents at 1 January 2020||431,454|619,185|
|Cash and cash equivalents at 31 December 2020||441,451|431,454|
|Cash and cash equivalents consists of:||||
|Cash at bank and in hand||217,208|401,413|
|Short term deposits||224,243|30,041|
|Cashandcashequivalentsat31December2020||441,451|431,454|
16
## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
## i. Summary of significant accounting policies
## (a) General information and basis of preparation
The charity constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Practice.
The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following the Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity and are rounded to the nearest £.
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented unless otherwise stated.
## (b) Funds
Unrestricted Funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. These include funds designated for a particular purpose by the PCC. Designated Funds are detailed in note 15. Restricted Funds are those funds which the PCC must apply to specific purposes set out by the donor or legal obligations. Restricted Funds are detailed in note 15.
Endowment Funds are assets which must be held permanently by the PCC. The Funds are held in long term investments which are detailed in note 12.
The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financial statements of church groups that owe their main affiliation to another body or those that are informal gatherings of church members.
## (c) Income
Income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
Deferred Income relates to events where income relating to attending the events has been received but the events will take place in future accounting periods
17
## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
1. Accounting Policies - continued
## (c) Income - continued
## Donations and Legacies
Collections are recognised when received by or on the behalf of the PCC. Planned giving receivable under Gift Aid donations is recognised only when received. Income tax recoverable on Gift Aid donations is recognised when the income is recognised.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
Funds raised from events etc are accounted for gross except where expenses are considered to be immaterial.
## Charitable Activities and Other Trading Activities
Income is shown Gross. This includes parochial fees for weddings and funerals, income from trading activities such as hire of halls and church and from church events such as holiday club and lunch club. Related expenditure is shown under Charitable Activities - Activities directly relating to the work of the church.
## Income from Investments
Dividends and Interest from Bank Deposits and Investments are accounted for when receivable.
## Gains and losses on investments
Realised gains or losses are recognised when investments are sold.
Unrealised gains or losses are accounted for on revaluation of investments at 31 December.
## (d) Expenditure
Expenditure is recognised as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of obligation can be measured reliably. Expenditure is accounted for on an accruals basis and includes irrecoverable VAT.
## Missional Grants
The church supports mission partners in the UK and abroad. The amount of general funding available for mission grants each financial year is determined as a % of regular giving. We accrue for this amount of funding at year end and payments are made to partners the following financial year. Note 6 to the accounts shows the actual payments made in the relevant year.
Many of our partners have been supported by the PCC for a number of years. However, the PCC or the Mission Support Group on behalf of PCC, assesses mission partner funding on an annual basis and is confident that partners would not view that there is an open ended obligation. As a result, only the annual commitment is accounted for in these financial statements.
Other grants made including those from the Restricted Mission Fund and the Connected Church Fund are recognised in the accounts when the decision to make the grant is taken.
18
## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
## 1. Accounting Policies - continued
## (e) Fixed Assets
## Consecrated property and movable church furnishings
Consecrated and beneficed property of any kind is excluded from the accounts by section 10(2)(a) of the Charities Act 2011. This exclusion applies to the consecrated property at Whirlow, Sheffield, (the Chapel of the Holy Spirit), owned by All Saints Ecclesall PCC and held under the custodian trusteeship of the Sheffield Diocesan Board of Finance. The purchase of land at Whirlow and the subsequent building of the Chapel in 1958 was financed out of a generous bequest received from the Estate of Enid Gertrude Hague Deceased.
No value is placed for the accounts on movable church furnishings held by the Oversight Minister and Churchwardens in special trust for the PCC and which require a faculty for disposal since the PCC considers these to be inalienable property. They are listed in the church’s inventory which can be inspected at any reasonable time.
All expenditure incurred during the year on consecrated or beneficed buildings and such moveable church furnishings is written off.
## Unconsecrated property
Property held by the PCC for continuing use in its work that has not been consecrated or beneficed is valued at market value for existing use. Properties are subject to a professional valuation every three years. The last valuation took place in December 2019.
## Other fixtures, fittings and office equipment
Individual items of fixtures, fittings and equipment with a purchase price of £1,000 or less are written off when the asset is acquired, with the exception of computer equipment, which is capitalised regardless of cost.
Items which are capitalised are included at cost and are depreciated over their expected useful life on a straight line basis as follows:
Office equipment including computers — 3 or 4 years Church & Halls equipment — 4 to 10 years
## (f) Investments
Investments with the Central Board of Finance Investment Funds are valued at mid-market value at 31 December.
## (g) Tax
The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable organisation for UK corporation tax purposes.
## (h) Going concern
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity to be able to continue as a going concern.
19
## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
## 2 Income from donations and legacies
||Unrestricted|Restricted|Total|funds|
|---|---|---|---|---|
||Funds|Funds|2020|2019|
||£|£|£|£|
|Regular Giving|||||
|Gift aided|294,129|=|294,129|285,595|
|Tax Recoverable|73,584|=|73,584|72,935|
|Non Gift aided|26,768|“|26,768|30,676|
||394,481||394,481|389,206|
|Collections at services|||||
|including tax recoverable|2,065|=|2,065|6,305|
||396,546|=|396,546|395,511|
|One off Gifts|||||
|Gift aided|38,136||38,136|14,850|
|Tax Recoverable|9,519|“|9,519|3,713|
|Non Gift aided|6,495|z|6,495|5,000|
||54,150|-|54,150|23,563|
|Total Giving|450,696|=|450,696|419,074|
|Donations|4,622|12,952|17,574|41,932|
|Legacies|-|ss|-|41,039|
|Grants|10,649|500|11,149|37,275|
||465,967|13,452|479,419|539,320|
This note has been restructured for the 2020 accounts to provide greater clarity on Regular as opposed to One Off Giving. As a result, the 2019 comparatives have been restated to provide information as far as possible on a consistent basis.
£129,634 of the total income of £539,320 was categorised as Restricted in 2019 which reflected how we historically accounted for a proportion of pledged giving. This approach was ceased with effect from 1 January 2020 as it was no longer required.
The total tax recoverable, including on certain donations, was £86,159 (2019: £85,346).
Unrestricted One off Gifts include £45,152 (including tax recoverable) from Offering Sunday in 2020 which replaced the traditional Vision Sunday in October. Church Family members generously responded to the request to consider making a one off gift in response to the financial challenges presented by Covid-19. This replaced being asked to consider increasing their regular giving for the forthcoming financial year.
Unrestricted donations include £2,574 from fund raising activities (2019: £nil) ). Restricted donations include for Mission of £8,572 (2019: £2,818) and £2,535 for the annual House Party, which as this could not be held in 2020 will be carried forward as part of the Youth Restricted Fund (2019: £1,565). Also in Restricted funds in 2019 was £31,629 in relation to the Big Church Weekend Away.
Grants include £10,149 from the Government Covid-19 Staff Retention (Furlough) Scheme. (2019: E£nil). Grants in 2019 include £25,000 from the Diocese for the Mission Partnership with St Gabriels’.
20
## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
## 3. Incoming resources from charitable activities
||Unrestricted|Restricted|Totalfunds|funds|
|---|---|---|---|---|
||Funds|Funds|2020|2019|
||£|£|£|£|
|Funeral Fees|6,379|10,173|16,552|19,755|
|Wedding Fees|93|-|93|6,901|
|Events|1,993|224|2,217|26,913|
|Church hire|2,598|-|2,598|6,523|
|Grave plots|-|4,600|4,600|4,260|
|Parish Hall lettings|2115|-|2,115|8,465|
|Whirlow lettings|1,155|-|1,155|5,030|
|Trading|1,087|-|1,087|2,722|
|OtherIncome|33,599|-|33,599|19,335|
||49,019|14,997|64,016|99,904|
£26,881 of the total income from charitable activities in 2019 related to Restricted Funds.
Events include childrens’ holiday club, lunch club and toddlers within unrestricted funds and youth in Restricted. (In 2019 also the Big Church Weekend Away.)
Other income includes the income received from Whirlow Grange Ltd (WGL) for the salaries of the staff employed by All Saints PCC on WGL's behalf as part of partnership arrangements. The 2019 comparative has been restated for consistency. It also includes in 2020 £7,188 income from St Gabriels PCC towards the stipend of Revd. A Stevenson as part of the mission partnership.
## 4. Income from other trading activities
||Unrestricted
Funds
£|Restricted
Funds
£|Totalfunds
2020
2019
£
£|Totalfunds
2020
2019
£
£|
|---|---|---|---|---|
|Parish Hall lettings|23,954|-|23,954|61,685|
|Whirlow lettings|1,213|-|1,213|2,960|
||25,167|-|25,167|64,645|
|Enil ofthe total income from|other trading activities in 2019 related to Restricted Funds.||||
|Incomefrom investments|||||
||Unrestricted|Restricted|Total funds||
||Funds|Funds|2020|2019|
||£|£|£|£|
|Dividends and interest|2,282|12,193|14,475|16,879|
||2,282|12,193|14,475|16,879|
## 5. Income from investments
21
## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
|6.|Grants made|Unrestricted|Restricted|Total|funds|
|---|---|---|---|---|---|
|||Funds|Funds|2020|2019|
|||£|£|£|£|
||Overseas Mission & Charitable Giving:|||||
||- Missionary societies|12,873|2,360|15,233|14,090|
||- Reliefand development agencies|1,905|4,930|6,835|8,660|
|||14,778|7,290|22,068|22,750|
||Home Mission&Charitiable Giving|2,800|3,280|6,080|10,412|
|||17,578|10,570|28,148|33,162|
||Grants paid
in 2020 in excess of£1,000 are shown with comparative figures from 2019.|||||
||Church Mission Society
Overseas Missionary Fellowship|6,500
3,800|720
200|7,220
4,000|6,000
3,800|
||Smithers with Serving in Mission (SIM)|1,100|720|1,820|1,000|
||Aanandit, Nepal|1,000|720|1,720|700|
||Mosaic (formerly Foundation for Relief&
Reconciliation inthe Middle East)|805|720|1,525|804|
||A Rocha|700|720|1,420|700|
||St Michael's Buenos Aries|400|720|1,120|300|
||Connected Church - Tanzania|-|2,000|2,000|4,642|
||The DATIC Trust (Galeed House)|800|720|1,520|1,075|
||Christiansand Sheffield Schools|1,200|720|1,920|1,005|
||Oakes Holiday Centre|750|720|1,470|817|
|||17,055|8,680|25,735|20,843|
£15,344 of the total grants awarded in 2019 related to Restricted Funds
## 7. Other Missional Giving
|Other Missional Giving|||||
|---|---|---|---|---|
||Unrestricted|Restricted|Total|funds|
||Funds|Funds|2020|2019|
||£|£|£|£|
|DiocesanCommon Fund|106,254|-|106,254|92,227|
|StGabriels|23,945|5,000|28,945|19,191|
||130,199|5,000|135,199|111,418|
## Please see note 8 for further details on contributions to the Diocesan Common Fund.
All Saints PCC entered into a Mission Partnership with St Gabriels PCC for 5 years from 1 January 2019. During 2020 The Revd. Alistair Stevenson worked half time as Associate Vicar at All Saints and half time as Priest in Charge at St Gabriels until 30 June 2020. (This arrangement existed all year in 2019.) From 1 July 2020 he has been full time at St Gabriels. The element of his time at St Gabriels funded by All Saints PCC is reported as missional giving. In 2020 £5,000 of this was funded via a kick start grant from the Diocese and hence is shown as restricted expenditure (2019: £5,000).
22
## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
8. Activities directly relating to the work of the church
||Unrestricted|Restricted|Total|funds|
|---|---|---|---|---|
||Funds|Funds|2020|2019|
|Ministry:|£|£|£|£|
|- Diocesan Common Fund #1|-|-|-|46,667|
|- Clergy stipends|86,503|=|86,503|90,219|
|- Clergy housing &expenses|9,497|-|9,497|16,094|
|- Laystaff salaries & expenses|35,382|=|35,382|48,186|
|- Contribution todiocesan stipends|-|4,751|4,751|4,613|
|- Services and ministry costs|5,381|301|5,682|13,822|
|- Wedding costs& Assigned Fees|=|-|=|2,577|
|- Funeral costs&Assigned Fees
- Events #2
- Mission and evangelism costs|952
2,403
64|3,030
=
2|3,982
2,403
64|5,535
62,587
606|
||140,182|8,082|148,264|290,906|
|Salaries - OperationsTeam|97,473|2,496|99,969|93,845|
|Church running costs|27,217|-|27,217|42,032|
|Major repairs|13,739|-|13,739|10,504|
|Trading activities|1,262|21|1,283|3,856|
|Upkeep ofchurchyard|-|15,823|15,823|24,064|
|Parish Hall running costs|27,431|=|27,431|38,114|
|Whirlow running costs
Whirlow development costs|31,484
-|=
-|31,484
=|28,366
716|
|Administration expenses
Depreciation|14,011
19,513|29
=|14,040
19,513|25,682
20,549|
|Loss on disposal of fixed asset|193|-|193|6,970|
|Governance costs (note 9)|11,179|-|11,179|11,004|
||383,684|26,451|410,135|596,608|
A number of the 2019 comparatives have been restated to give a consistent analysis with 2020. £174,332 of the total expenditure in 2019 related to Restricted Funds.
#1 Diocesan Common Fund: The PCC's total contribution to the Sheffield Diocesan Board of Finance Common Fund in 2020 was £106,254 (2019: £138,894). In most years our contribution has two elements. The Diocese has confirmed that the annual cost of supporting an incumbent (vicar) for a parish is £70,000. This covers stipend and housing costs, together with other parish support costs. As we were in a Vacancy throughout 2020 this element was £nil. (2019: When we were in Vacancy for 4 months £46,667.) The balance of our Common Fund contribution is to support church families in other parishes in the Diocese and hence is reported under note 7 as "other missional giving". In 2020 this element was £106,254. (2019: £92,227.)
#2 During 2019 a big church family weekend away was held. The costs of the event were £44,054.
|9.|Governance costs|Unrestricted|Restricted|Total|funds|
|---|---|---|---|---|---|
|||Funds|Funds|2020|2019|
|||£|£|£|£|
||Auditor's remuneration|||||
||- auditofcurrent year's accounts|7,020|-|7,020|8,086|
||Legal and professional|4,159|-|4,159|2,918|
|||11,179|-|11,179|11,004|
The auditor’s remuneration is an audit fee of £7,020 (including VAT) for 2020. (2019: £8,086 including an under accrual of £886 relating to 2018.) There were non audit services of Enil. (2019: £540).
23
## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
## 10. Staff costs, Trustee remuneration and expenses, and the cost of key management personnel
|StaffCosts and Employee Benefits|2020|2019|
|---|---|---|
||£|£|
|Wages and salaries|221,982|233,677|
|Social security|10,412|13,467|
|Defined contribution pension costs|40,559|38,963|
||272,953|286,107|
|Averagenumberofemployeesduringtheyear(headcount)|15|17|
The average number of employees does not include the Vicar/Oversight Minister who is not employed by the PCC. The number does include 3 Associate Vicars including Revd. A Stevenson following his move to St Gabriels on 1 July 2020 due to the agreements in place (3 in 2019). It also includes 2 staff employed on behalf of Whirlow Grange Ltd (2 in 2019) as part of the partnership arrangements. The full costs of Rev Stevenson and the Whirlow Grange Ltd staff are included in the total staff costs shown in this note.
No employees received total employee benefits (excluding employer pension costs) of more than £60,000.
## Trustee Remuneration and Expenses
The Trustees are the voting members of PCC as listed in the legal and administrative information section of these accounts.
Trustees were not paid and did not receive any other benefits such as travelling or subsistance expenses in their capacity as Members of PCC (2019: Enil).
Payments to Trustees for other activities undertaken for the church are disclosed in note 19, Related Party Transactions.
The remuneration of the Vicar and the two Associate Vicars who were members of PCC in 2020 and 2019 is disclosed as part of the note below on key management personel.
## Cost of Key Management Personnel
The PCC considers the key management personnel to be the voting Trustees, who included the Vicar and two of the Associate Vicars, and in addition the Operations Manager and Revd. A Stevenson as Associate Vicar until 30 June 2020.
The aggregate salary and pension contributions paid by All Saints Ecclesall to and on behalf of these individuals is £123,912. (2019: £129,242). In neither year does this include costs for the Vicar as these are paid through the Common Fund.
Other clergy expenses including housing costs were £9,497 (2019: £16,094).
24
## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
|11.|Fixed assets||Church &|||
|---|---|---|---|---|---|
||Landand||Halls|Office||
||buildings||equipment|equipment|Total|
|||£|£|£|£|
||Cost / valuation|||||
||As at 1 January 2020|1,195,000|107,817|38,613|1,341,430|
||Additions|-|1,893|1,638|3,531|
||Disposals|-|2|(377)|(377)|
||As at 31 December 2020|1,195,000|109,710|39,874|1,344,584|
||Depreciation|||||
||As at 1 January 2020|-|50,098|31,231|81,329|
||Disposals|-|-|(184)|(184)|
||Charge forthe year|2|14,521|4,992|19,513|
||As at 31 December 2020|:|64,619|36,039|100,658|
||Net book value|||||
||As at 31 December 2020|1,195,000|45,091|3,835|1,243,926|
||As at 31 December 2019|1,195,000|57,719|7,382|1,260,101|
||The land and buildings at 31 December 2020|are comprised|of:|||
|||||£||
||Clergy House: 162 Knowle Lane, Sheffield||Freehold|450,000||
||Clergy House: 9 Greystones Grange, Sheffield||Leasehold|450,000||
||Church Parish Hall||Freehold|295,000||
|||||1,195,000||
No depreciation or impairment has been provided on the land and buildings as the PCC has a policy of valuing properties at open market value for existing use. The properties were last revalued by Whitehornes Bespoke Sales & Lettings in December 2019.
The historical cost of the Clergy House at 162 Knowle Lane is £390,000 and 9 Greystones Grange £426,215. Information is not available to quantify the historical cost of the Church Parish Hall.
## 12. Fixed asset investments
|Fixed asset investments||||
|---|---|---|---|
|||2020|2019|
|Market value||£|£|
|As at 1 January 2020||464,529|391,330|
|Increase in value during the year||31,943|73,199|
|As at 31 December 2020||496,472|464,529|
|CBF Church ofEngland Investment Fund|||2020|
||Shares||£|
|Churchyard Fund|12,683|2,048.73|259,845|
|Augmentation Trust Fund|8,279|2,048.73|169,614|
|Houghton Fabric Fund|2,621|2,048.73|53,696|
|Choristers Memorial Fund|650|2,048.73|13,317|
||||496,472|
25
## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
**----- Start of picture text -----**
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|13.|Debtors|2020|2019|
|£|£|
|Prepayments|and|other|debtors|37,128|25,093|
|Expected|Legacies|=|6,121|
|37,128|31,214|
|14.|Creditors|2020|2019|
|£|£|
|Due within one year|
|Accruals|and|other|creditors|39,128|51,012|
|Deferred|income|2,025|=|
|41,153|51,012|
|15.|Fund|reconciliation|
|A)|Unrestricted|Funds|
|Balance|at|Gains|/|Balance|at|
|01/01/2020|Income|_|Expenditure|Transfers|(losses)|31/12/2020|
|£|£|£|£|£|£|
|General|funds|139,541|479,813|(405,297)|(47,884)|>|166,172|
|Designated|funds:|
|Youth|Events|fund|4,253|=|=|(4,253)|=|-|
|Toddlers fund|1,000|1,446|(1,413)|(33)|=|1,000|
|Whirlow|fund|-|28,779|(31,484)|2,705|=|=|
|Parish|Hall|fund|-|30,893|(59,822)|28,929|-|-|
|Estates|fund|150,000|1,505|(13,739)|12,234|rm|150,000|
|Sub total|5,053|reese ay|[39,582-]|——~ 51,000|
|Fixed|Assets|fund|1,260,101|-|(19,706)|3,531|-|1,243,926|
|1,415,354|62,622|(126,164)|43,113|-|1,394,926|
|Total|Unrestricted|funds|1,554,895|542,435|(531,461)|(4,771)|-|1,561,098|
|Total|of|Unrestricted|Funds|held|as|Cash|or|Short Term|Deposits|317,172|
**----- End of picture text -----**
## 15. Fund reconciliation
## Designated Funds
Youth Events fund - Funding for the purpose of supporting youth activities such as the annual House Party. PCC have determined that the Youth Events fund should more appropriately be a Restricted Fund and so we should have retained the Restricted as opposed to the Designated Fund at 31 December 2019. As a result, we have madea transfer of the funds to the Restricted Fund with effect from 1 January 2020.
Toddlers fund — Income generated mainly from the Toddlers Group. PCC have determined that from 2019 onwards a balance of £1,000 should be retained each year end if possible for future major purchases.
Whirlow fund — All Saints Ecclesall operate the Whirlow Spirituality Centre at the Chapel of the Holy Spirit in partnership with Whirlow Grange Ltd. The PCC's share of income and expenditure relating to the centre, as part of the partnership arrangements, is accounted for via this fund with any shortfall in funding being financed from general funds.
Parish Hall fund — This fund is used to account for income from lettings of the parish halls and related expenditure. As part of the Reserves Policy, PCC determined that the balance of funds at 31 December 2019 of £36,087 be transferred into general funds, with the expectation that in future years the halls would be able to operate so that hire income covered operating costs. Any major repairs or redevelopment would require separate funding. In 2020 the restrictions resulting from the Covid19 pandemic have resulted in a loss of £28,929 on halls operation and in addition we have spent £8,377 on roof repairs which together exceed the balance previously transferred to general funds.
Estate fund - PCC has determined that a designated fund should exist to support future major repairs and improvements to the Church and other properties owned by the PCC. The fund will be reviewed at least once a year, taking into account Quinquennial Inspection reports and other priorities against our total unrestricted reserves.
Fixed Assets fund — funds invested in Freehold Land & Buildings and other capital assets to support church activities.
26
## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
**----- Start of picture text -----**
||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|15.|Fund|reconciliation|-|continued|
|Balance at|Gains|/|Balance at|
|Unrestricted funds|-|prior year|01/01/2019|Income|Expenditure|Transfers|(losses)|31/12/2019|
|£|£|£|£|£|£|
|General|funds|36,205|395,671|(400,859)|108,524|-|139,541|
|Designated|funds:|
|Youth|Events|fund|5,565|9,121|(10,433)|#|-|4,253|
|Toddlers|fund|2,056|6,340|(7,396)|=|-|1,000|
|Whirlow|fund|>|27,324|(29,082)|1,758|-|-|
|Legacy|fund|321,761|41,039|-|(362,800)|-|=|
|Parish|Hall fund|35,756|70,806|(70,475)|(36,087)|=|s|
|Estates|fund|102,136|-|(7,718)|55,582|-|150,000|
|Redevelopment|fund|12,500|-|-|(12,500)|-|x|
|Churchyard|fund|4,744|-|-|(4,744)|-|:|
|Sub|total|484,518|154,630|(125,104)|(358,791)|=|155,253|
|Fixed|Assets fund|1,057,459|-|(20,549)|224,406|(1,215)|1,260,101|
|1,541,977|154,630|(145,653)|(134,385)|(1,215)|1,415,354|
|SSSOS|sss|
|Total|Unrestricted funds|1,578,182|550,302|(546,512)|(25,862)|(1,215)|1,554,895|
|Total|of|Unrestricted|Funds|held|as|Cash|or|Short Term|Deposits|294,794|
|B)|Restricted|funds|Balance at|Gains|/|Balance|at|
|01/01/2020|Income|Expenditure|Transfers|(losses)|31/12/2020|
|£|£|£|£|£|£|
|Churchyard|fund|93,289|19,434|(18,319)|-|-|94,404|
|Augmentation|Trust|fund|-|4,751|(4,751)|-|-|-|
|Assigned|Fees|fund|-|3,030|(3,030)|-|-|-|
|Connected|Church|fund|3,372|620|(2,000)|518|-|2,510|
|St Gabriels:|Kick|Start fund|20,000|-|(5,000)|=|-|15,000|
|Mission|&|Other funds|201|9,947|(8,570)|-|-|1,578|
|Youth|Events|fund|=|2,860|(351)|4,253|-|6,762|
|116,862|40,642|(42,021)|4,771|-|120,254|
|Endowment:|
|Churchyard|fund|243,126|-|-|-|16,719|259,845|
|Augmentation|trust fund|158,701|-|-|-|10,913|169,614|
|Houghton|fabric|fund|50,242|.|ie|=|3,454|53,696|
|Choristers|fund|12,460|-|-|>|857|13,317|
|464,529|-|=|-|31,943|496,472|
|——————SSSSS=—= eee CSS|SSSSelCoNNeeSeeeq®wl®w2nmn. =|==z=_A..__aa4.4.7|
**----- End of picture text -----**
Restricted funds:
Churchyard fund — Funds available to use as a resource to maintain the churchyard. Income each year is from the Endowment Churchyard fund and from specific burial and internment fees. Expenditure is all on maintenance of the churchyard.
Augmentation Trust fund — Income is from the related Endowment Fund which is held on behalf of the Sheffield Diocesan Board of Finance and is passed to them as a contribution to the Diocesan Stipend Fund.
Assigned fees fund - A set proportion of fees earned from funerals and weddings has to be paid over to the Sheffield Diocesan Board of Finance. This fund is used to manage such income and should have a Enil balance at each year end.
Connected Church fund — funds generated from donations and events to finance the partnership with Tearfund to support the Diocese of Mount Kilimanjaro with the Church & Community mobilisation project.
St Gabriels: Kick Start Grant - All Saints PCC has entered into a 5 year Mission Partnership Agreement with St Gabriels PCC. A £25,000 grant from the Sheffield Diocesan Board of Finance in 2019 will be used equally over the 5 years to 2023.
Mission & Other funds — donations or grants received for specific purposes and which are only spent on those purposes.
PCC determined that both the Houghton Fabric (Estate) fund and the Choristers fund could be closed with effect from 1 January 2020. Previously these Restricted Funds have been maintained to capture the investment income from the relevant Endowment funds for use for estates work and for music costs respectively. It has been determined that this income can more helpfully flow directly into the Estates Designated Fund and general funds respectively instead.
Endowment Funds are assets which must be held permanently by the PCC.
27
## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
15. Fund reconciliation - continued
**----- Start of picture text -----**
|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|Restricted|funds|-|prior year|Balance|at|Gains|/|Balance|at|
|01/01/2019|Income|Expenditure|Transfers|(losses)|31/12/2019|
|£|£|£|£|£|£|
|Restricted:|
|Churchyard|fund|99,048|19,681|(25,440)|-|-|93,289|
|Houghton|Fabric fund|1,815|1,631|(3,446)|-|=|:|
|Choristers fund|64|362|(426)|-|=|-|
|Augmentation|trust|fund|-|4,613|(4,613)|-|-|=|
|Connected|Church|fund|6,696|1,379|(4,703)|-|-|3,372|
|Big|Church|Weekend|Away fund|44,754|(44,754)|-|
|St Gabriels:|Kick|Start fund|25,000|(5,000)|20,000|
|Designated|ministries|fund|=|64,357|(90,219)|25,862|-|-|
|Assigned|Fees|fund|<|4,600|(4,600)|-|=|=|
|Mission|& Other funds|6,135|4,069|(10,003)|-|-|201|
|Youth|Events|fund|1,472|-|(1,472)|-|=|-|
|115,230|170,446|(194,676)|25,862|-|116,862|
|Endowment:|
|Churchyard|fund|204,815|=|-|-|38,311|243,126|
|Houghton|fabric|fund|42,325|-|-|-|7,917|50,242|
|Choristers|fund|10,497|-|-|-|1,963|12,460|
|Augmentation|trust|fund|133,693|-|-|-|25,008|158,701|
|391,330|-|-|-|73,199|464,529|
|———SS=|_—»—[x]—>—EEoooESeESESESEs|_—Eso|S SS|
**----- End of picture text -----**
## C) Transfers between funds
**----- Start of picture text -----**
||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|During|the|year|the|following|transfers|between|funds|were|made|in|support|of the|PCC|funding|its|operations:|
|Between|General|and|Designated|Funds|From|To|£|
|To cover PCC|net costs|into|the|Whirlow|Partnership|General|Whirlow|(2,705)|
|To cover|the|net|loss on|the|operation|of our|Parish|Halls|in|2020|General|Parish|Halls|(28,929)|
|To|return|the|Estates|Designated|fund to|£150,000|at 31|December|2020|General|Estates|(12,234)|
|To|purchase|fixed|assets|in|2020|General|Fixed|Assets|(3,531)|
|Transfer|operating|surplus|on|Toddlers to|general|funds|Toddlers|General|33|
|Between|Unrestricted|and|Restricted|Funds|
|Youth|Events|converted|from|Designated|to|Restricted|Fund|Youth|Events|Youth|Events|(4,253)|
|Transfer|from|general|mission|funds|to Connected|Church|Restricted|Fund|General|Whirlow|(518)|
**----- End of picture text -----**
28
## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD
## NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
## 16. Analysis of net assets by fund
|Analysis of net assets by fundnet assets by fundassets by fundby fundfund||||||
|---|---|---|---|---|---|
|||Unrestricted||||
|Unrestricted||designated|Restricted|Endowment||
|freefunds|funds|funds|funds|funds|Total|
||£|£|£|£|E|
|Fixed assets for church use|-|1,243,926|-|-|1,243,926|
|Fixed assets investments|-|-|-|496,472|496,472|
|Current assets|197,438|157,222|123,919|-|478,579|
|Current liabilities|(31,266)|(6,222)|(3,665)|-|(41,153)|
|Long-term liabilities|-|-|-|-|-|
|Fund balance|166,172|1,394,926|120,254|496,472|2,177,824|
|Analysisofnetassetsbyfund - prioryear||||||
|||Unrestricted||||
|Unrestricted||designated|Restricted|Endowment||
|free|funds|funds|funds|funds|Total|
||£|£|£|£|£|
|Fixed assets forchurch use|-|1,260,101|-|-|1,260,101|
|Fixed assets investments|-|-|-|464,529|464,529|
|Current assets|175,896|158,347|128,425|-|462,668|
|Current liabilities|(36,355)|(3,094)|(11,563)|-|(51,012)|
|Long-term liabilities|-|-|=|.|-|
|Fundbalance|139,541|1,415,354|116,862|464,529|2,136,286|
Sufficient resources are held in an appropriate form to enable each fund to be applied in accordance with the restrictions imposed by the donors.
## 17. Capital commitments
The church had commitments as follows: 2020 2019 E £ Contracted for but not provided in these financial statements 22,991 2
All repairs to both conscerated and unconsecrated property are written off in the year in which they are incurred and are not "capitalised". This note, however, requires PCC to confirm all major estates commitments.
Covid-19 restrictions prevented both the emergency and major repairs to the church's roof and gutterings over the nave recommended in the 2015 Quinquennial Inspection from taking place. These repairs, together with some internal work to the church, are now scheduled for 2021 at a total estimated cost of £132,000. Of this total £22,991 has been formally committed through contractual arrangements at 31 December 2020. The Quinquennial inspection of the Church, deferred from 2020, will take place after these major repairs are completed.
The last Quinquennial inspection of the Halls was in 2019. Limited emergency work to the roof took place in 2020 but more extensive work is deferred pending strategic decisions by PCC on the use of the halls.
The last Quinquennial inspection of the Chapel of the Holy Spirit and adjoining building at Whirlow was in 2019. Limited repair and improvement work was recommended, reflecting the major redvelopment which took place in 2017.
29
## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
## 18. Church Workers Pension Fund
Ecclesall PCC participates in the Pension Builder Scheme section of the Church Workers Pension Fund (CWPF) for lay staff. The Scheme is administered by the Church of England Pensions Board, which holds the assets of the schemes separately from those of the Employer and the other participating employers.
The CWPF has a section known as the Defined Benefits Scheme, a deferred annuity section known as Pension Builder Classic and a cash balance section known as Pension Builder 2014.
## Pension Builder Scheme
The Pension Builder Scheme of the Church Workers Pension Fund is made up of two sections, Pension Builder Classic and Pension Builder 2014, both of which are classed as defined benefit schemes.
Pension Builder Classic provides a pension for members for payment from retirement, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors.
Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. This account may have bonuses added by the Board before retirement. The bonuses depend on investment experience and other factors. There is no requirement for the Board grant any bonuses. The account, plus any bonuses declared, is payable from members’ Normal Pension Age.
There is no sub division of assets between employers in each section of the Pension Builder Scheme.
The scheme is a multi-employer scheme as described in Section 28 of FRS 102 as it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers. This means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are contributions payable. 2020: £11,527. (2019: £10,783)
A valuation of the Pension Builder Scheme is carried out once every three years. The most recent was carried out as at 31 December 2016. A valuation as at 31 December 2019 was underway at 31 December 2020.
For the Pension Builder Classic section, the valuation revealed a deficit of £14.2m on the ongoing assumptions used. At the most recent annual review, the Board chose not to grant a discretionary bonus, which will have acted to improve the funding position. There is no requirement for deficit payments at the current time.
For the Pension Builder 2014 section, the valuation revealed a surplus of £1.8m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.
The legal structure of the scheme is such that if another employer fails, Ecclesall PCC could become responsible for paying a share of that employer’s pension liabilities.
30
## THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ECCLESALL SHEFFIELD NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
## 19. Related Party Transactions
The Charities SORP (FRS 102) defines "Related Parties" as the charity's Trustees and their close family members and those entities which they control or in which they have a significant interest.
The Trustees are the voting members of PCC as listed on page 2 of the legal and administrative information section of these accounts.
## Donations from Trustees (including close family members)
The total amount of donations (excluding tax recoverable) made without conditions to the church by the Trustees was £69,434. (2019: £67,477).
The total amount of donations (excluding tax recoverable) made into Restricted Funds by the Trustees was £1,755. (2019: £7,525). All these donations were to existing funds and did not place further restrictions on the use of the funds.
Where a Trustee has served for part of the year, only those donations falling within the period that they were a Trustee are included.
## Payments to Related Parties
One Trustee was paid a total of £34 for assisting at some services (2019: One Trustee paid £187) The spouse of one trustee was paid a total of £33 for officiating or otherwise assisting at some services (2019: Three spouses were paid a total of £814.)
The remuneration of Trustees who are paid staff is disclosed under note 10.
## 20. Reconciliation of net income to net cash flow from operating activities
**----- Start of picture text -----**
||||||||||
|---|---|---|---|---|---|---|---|---|
|2020|2019|
|£|£|
|Net|income|for|year|41,538|51,544|
|Interest|receivable|(14,475)|(16,879)|
|Interest|payable|-|324|
|Depreciation|and|impairment|of|tangible|fixed|assets|19,513|20,549|
|Loss|on|disposal|of tangible|fixed|assets|193|=|
|(Gains)|on|investments|(31,943)|(71,984)|
|(Increase)/decrease|in|debtors|(5,914)|125,623|
|(Decrease)|in|creditors|(9,859)|(223,672)|
|Net|cash|flow|from|operating|activities|(947)|(114,495)|
|changes|in|net debt debt|
|As|ati|Other|non-|Asat31|
|January|Cashflows|cash|December|
|2020|changes|2020|
|£|£|£|£|
|Cash|and|cash|equivalents:|
|Cash|401,413|(184,205)|-|217,208|
|Short term|deposits|30,041|194,202|-|224,243|
|Total|net debt|431,454|9,997|:|441,451|
**----- End of picture text -----**
## 21. Analysis of changes in net debt debt
31