## **2020 Trustees Report**
## **and**
## **Financial Statements**
**Registered Charity number 1130108**
## **Address for correspondence**
The Parish of Great Berkhamsted Parish Office, The Court House Church Lane Berkhamsted, Hertfordshire HP4 2AX
## **Our Bankers**
NatWest Bank Plc. CAF Bank Ltd 199 High Street 25, Kings Hill Avenue Berkhamsted, Kings Hill Hertfordshire, West Malling, Kent HP4 1BH ME19 4JQ
The CBF Church of England Funds 80 Cheapside London EC2V 6DZ
## **Our Independent Examiners**
Hillier Hopkins LLP Radius House 51 Clarendon Road Watford WD17 1HP
## **Incumbents during the reporting period**
Rev’d. Canon Timothy Pilkington. Rev’d. Stuart Owen
## **Church Wardens**
Mark Grego and Tim Hennessey
## **Hon. Treasurer**
## Richard Hackworth
_The photographs in this Report have been taken by members of the church congregation._
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## **Trustees**
Trustees in office between the 2019 APCM on 14[th] April 2019 and the 2020 APCM are set out below.
As a consequence of the 2020 Covid-19 pandemic, the 2020 AGM that had been planned for 14[th] April was postponed until 25[th] October 2020. Trustees who were in office in April 2020 had their periods of service extended until 25[th] October, when elections to replace retiring trustees took place.
For clarity, Trustees in office following the 2020 APCM are underlined.
## **Clergy**
## **Churchwardens**
The Revd Stuart Owen _(Rector of St Peter’s from_ Mark Grego _12[th] September 2020)_ Tim Hennessey The Revd Canon Timothy Pilkington _(Team Rector until his retirement on 2[nd] February 2020)_ The Revd Joe Roberts **Deanery Synod** The Revd John Russell Alan Conway The Revd Simon Vivian _(until his departure on 26[th]_ Carole Dell _(until APCM 25[th] October) July 2020 from St Peter’s to take up his_ Christine Cowie _(from APCM 25[th] October) appointment as Vicar of St Mary’s Sawbridgeworth on 20[th] September)_ Peter Matthews _(from APCM 25[th] October)_
## **Other PCC members**
Chris Beauchamp
Astrid Biddle _(Deputy Churchwarden)_ Carolynne Charman _(Deputy Churchwarden)_ Richard Currie _(until APCM 25[th] October)_ Julian Dawson _(PCC Secretary)_ Hilary Elliott _(Deputy Churchwarden and Safeguarding Officer)_ Oliver Fradgley _(from APCM 25[th] October)_ John Gerry _(until APCM 25[th] October)_ Nicholas Goss _(from APCM 25[th] October)_
Richard Hackworth _(Hon PCC Treasurer and the All Saints representative on PCC)_ Jon Lee Alison McMunn _(until APCM 25[th] October)_ Prunella Murray Christopher Green _(also Chairman of the Diocesan Advisory Committee)_ David Northcott _(until APCM 25[th] October)_ David Cooke _(from APCM 25[th] October)_ Susan Holmes _(from APCM 25[th] October)_
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## **Trustee Report for the year ended 31[st] December 2020**
## **The 2020 Covid-19 Pandemic**
The 2020 Covid-19 pandemic has disrupted personal lives and the community throughout most of the year. Government’s response to the pandemic has aimed to minimise rates of infection by limiting contacts between individuals and groups of people. Church life is essentially communal and so the community of St Peter’s, and all other churches, has been particularly impacted. For periods of time, it has been necessary to close the church and suspend all public worship in line with Government and Church of England guidance. Here is a summary of the main actions taken by the PCC, the main impacts on our charity, and significant implications for the future.
## Main actions taken
- When St Peter’s was closed for all public worship and private prayer, our clergy prepared video recordings of services, either alone in church or from their homes, and these were broadcast live or as recordings through Internet streaming services provided by YouTube, Facebook and through the parish website.
- Additional pastoral care networks were quickly established to ensure regular telephone contact with members of the community living alone or who were considered vulnerable. This network continued until St Peter’s was able to reopen.
- When restrictions were relaxed sufficiently to open St Peter’s for private prayer a small area within the church was made available subject to careful controls. The number of visitors present at any one time was limited, and the church was manned at all times by a church minister and a steward. All visitors were required to wear face masks and to clean their hands with sanitiser when they arrived and when they departed, and the church was cleaned thoroughly after each period.
- Also, when restrictions were relaxed a limited number of most welcome music concerts were given in St Peter’s church, and during Advent the church was illuminated as a sign of hope and greeting to the community. At Christmas additional services were conducted to enable all people who wished to attend church to be welcomed in at this very important season.
- Video meeting services such as Zoom and WhatsApp have been used to enable church groups to continue meeting while they could not meet face to face. Zoom has been used for PCC meetings, meetings between church officers and with clergy, and to run discussion groups within the parish. The Diocese of St Albans has made extensive use of Zoom to deliver important training, such as continuing Safeguarding training, and to host helpful meetings between parishes, such as for clergy, parish treasurers and Church Wardens.
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- When public worship has been resumed it has necessarily been subject to continuing constraints to control how many people are able to attend church services, where they may sit in church, and how they may move around the building. Regrettably, communal singing has been prohibited, and some church liturgy has been reshaped to avoid potential sources of infection during worship. Congregants have been instructed to wear face masks at all times during church services. Special arrangements have been made to enable a limited church choir safely to accompany church services. Hand sanitisers and face masks have been made available and additional cleaning has been carried out following public worship.
- To manage the limited number of people permitted to attend church services an online ticketing service, Eventbrite, has been implemented to enable parishioners to reserve seats and to simplify church administration.
- The Court House that would normally be hired for community and church activities has necessarily been closed when required by Government restrictions. It has only been reopened when permitted for a limited number of clients known to the PCC and who are trusted to comply with the safety precautions and maintain the COVID secure environment.
- The parish magazine would normally be printed and distributed by volunteers, the majority of whom are drawn from older members of the church. To avoid unnecessary risk, for the duration of the pandemic printing and physical distribution have been suspended and the magazine has been published online on the parish website.
- The PCC has given full support to the Government Test and Trace system.
## Main impacts
- The impact of the pandemic overall has been to reduce the ability of the church to reach members of the community, and to welcome people into church, especially over the Christmas period, which is particularly sad. The pandemic has frustrated the PCC’s efforts fully to address its charitable objectives.
- Older people represent a relatively high proportion of the congregation of St Peter’s, and older people have been considered to be at relatively high risk of infection and of consequent serious illness. A significant number of regular older worshipers therefore chose to avoid attending church until the pandemic is under control and they have been protected through vaccination. This is regrettable but
- understandable, and in these respects St Peter’s experience matches that of other churches and charities.
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- For the same reasons a number of regular volunteers have stood back from the tasks they undertake for the parish. Although this has caused some inconvenience, other members of the church have come forward to pick up these roles. The PCC has also called on volunteers to undertake new roles in response to the pandemic, such supervising periods of private prayer, managing the recording and streaming of services, and additional cleaning. The PCC is grateful to all who have responded so readily to these needs.
- The pandemic has prevented members of the church from taking pastoral care into the community, including visiting people at home, ministering to residents of care homes, and carrying worship into our church schools. Pastoral services such as funerals have also been significantly impacted.
- Many people have been involved in the measures summarised above and the PCC is grateful to them all. The PCC is particular grateful to our Parish Administrator who has carried out much of the significant additional work required to plan and implement necessary procedures and controls. She has been a source of constant energy throughout.
- On a brighter note, St Peter’s has also provided a place of peace to people suffering the impacts of the pandemic who might not normally attend church, but who have been grateful for the opportunity to visit St Peter’s for private prayer and a conversation with a member of the church. Church services streamed on the Internet have attracted an online audience drawn from a wider community and geographical areas than would or could otherwise attend St Peter’s. These are positive outcomes of the pandemic for the church.
- The pandemic has impacted the charity’s finances. In particular, 2020 income from hiring the Court House and St Peter’s church for activities and events, and income from church collections, have together reduced by approximately £20,000 compared with 2019. In contrast, costs have not reduced significantly. As a result, the General fund has been reduced to approximately £7,000, significantly below the PCC reserve policy level of £20,000 - £22,000. Reserves will be applied to support the General fund, but this will unavoidably limit the PCC’s ability to cope with potential future difficulties. Some parish staff were placed on furlough and the PCC took advantage of the Government’s Corona virus Job Retention Scheme to benefit from additional financial support. Nevertheless, because of deteriorating financial circumstances and in order to reduce costs the PCC has regrettably decided to declare an administrative post redundant during the year.
- It is pleasing to report that despite the pandemic regular donations through bank standing orders, the Parish Giving Scheme and Gift Aid envelopes, and Gift Aid income, have not been adversely affected. The PCC is very grateful for all who make regular donations to St Peter’s.
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## Significant implications for the future
- At the time of writing this Report in early 2021 the outlook for the pandemic remains uncertain. Trustees and clergy will continue to do all possible to serve our community and meet our charitable objectives, and to respond to opportunities and manage setbacks as the situation evolves. The initiatives already well established, such as live and recorded streaming of church services, will continue and look likely to become regular features of future church life.
- All Saints House, that has until recently housed a curate and his family, has been let to tenants from the beginning of January 2021, yielding valuable and welcome additional income. But even with this benefit, other income is likely to be less than normal, and with our reserves depleted 2021 is likely to present the PCC, and all churches and charities, with significant but as yet unclear risks.
- PCC finances will therefore require closer attention for the foreseeable future. Two financial projections have been prepared for 2021 to provide the PCC with a basis for monitoring and managing resources. An optimistic projection assuming a normal year indicates a surplus. A pessimistic projection assuming the effects of the pandemic continue through 2021 indicates a deficit. The outcome will probably be between these two views and progress will be closely monitored each month.
- It is against this background that the Trustees present their Report and Accounts for 2020.
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## Introduction and background
The Church of England Parish of Great Berkhamsted is situated in Hertfordshire. The town of Berkhamsted is served by churches of all major denominations. There are two churches in the Parish of Great Berkhamsted. One is St Peter’s to which this report solely relates. The other is a self-governing Local Ecumenical Partnership with the Methodist Church at All Saints Church.
St Peter’s is part of a Team Ministry alongside four other parishes in nearby villages - St Peter and St Paul in Little Gaddesden, St John the Baptist Great Gaddesden, St Lawrence in Nettleden, and Holy Trinity in Potten End. Each of these parishes is self-governing. This report concerns the PCC of St Peter’s only.
PCC responsibilities include the care and maintenance of St Peter’s Church, the Court House, the Court House Cottage and All Saints House, and also parts of the Rectory Lane Cemetery, all of which are located in Berkhamsted.
## Our Clergy
Revd. Canon Timothy Pilkington served as the Rector of St Peter’s until his retirement on 2[nd] February 2020. The parish has also been supported by Revd. Simon Vivian, our first post Curate, until he left the parish to take up his appointment as Vicar of Great St Mary, Sawbridgeworth on 20[th] September 2020.
The parish was delighted to welcome Revd. Stuart Owen and his family to Berkhamsted. Fr Stuart was licensed as Rector of the parish on 12[th] September.
The parish benefits from the ministry of three retired members of the clergy, Fr Anthony Lathe, Fr David Lawson and Fr Christopher Rogers.
The parish has also been supported by Miss Olivia Davies, also Assistant Chaplain at Berkhamsted School. We are very grateful to the School for enabling Miss Davies to work with St Peter’s.
Full time clergy are supported by a large number of volunteers including lay ministers, Church Wardens, members of the church choir, Sunday school and youth leaders, as well as many people who serve on committees and assist with administrative and worship tasks.
## Our Trustees
Trustees constitute the Parochial Church Council, and are referred to as the PCC in this report. A full lost of Trustees is presented above. Each member of the PCC has confirmed that they have reviewed this report and that to the best of their knowledge it is correct, and that there are no additional important matters which should be brought to the attention of the Charity Commission or the Diocese of St Albans.
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## Major activities and public benefit
The PCC is a Public Benefit Entity within the meaning of Financial Reporting Standard 102, and it has regard to the Charity Commission guidance on public benefit. The principal aims of the PCC are to serve its local community by:
- Providing a full programme of public Christian worship.
- Teaching the Christian faith.
- Encouraging and enabling as many people as possible to worship at St Peter’s Church and to become members of our church community.
- Offering appropriate pastoral care within the local community.
- Promoting the whole pastoral, evangelistic, ecumenical and social missions of the Church of England.
St Peter’s church is open during the day, and we invite all people of any faith or none to come into St Peter’s to pray, to seek help and to find peace. Clergy take worship into the church schools, and lay ministers and others to carry worship and pastoral care into private and residential homes. The PCC is pleased to provide meeting space to a local group of Muslims as our guests for weekly prayer.
The PCC supports its Christian mission by hiring out the facilities of the Court House and St Peter’s Church for a wide range of public and private events. The Court House is used by children’s, recreational and teaching groups, and by families for private occasions. It is used for regular church sponsored events such as lunch clubs for the elderly. It is also hired for private business events such as book fairs and charity sales. St Peter’s hosts a full range of high-quality music concerts and recitals in the church for the benefit of the local community. The PCC generally receives fees for the use of its facilities but these amount to significantly less than total operating and maintenance costs.
Our parish magazine, Your Berkhamsted, is available online and is distributed throughout Berkhamsted.
## Governance structure and PCC responsibilities
The PCC is a body corporate and is registered as UK charity number 1130108. The Governing documents of the PCC are the Church Representation Rules and the Parochial Church Councils (Powers) Measure 1956. The PCC complies with the Charities Act 2011, appropriate charity accounting and reporting standards, and the management procedures of the Church of England. Annual PCC accounts are subject to Independent Examination.
Members of the PCC for the year ending 31st December 2020 are listed above together with specific roles and responsibilities where applicable. Elected members are appointed by the Annual Parochial Church Meeting (APCM) for three years. The PCC has no corporate trustees and no trustees hold title to any PCC properties. Copies of the minutes of the PCC
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meetings are available for reference on the St Peter’s church website http://www.stpetersberkhamsted.org.uk/groups/pcc.
## Trustee induction and training
New members of the PCC are provided with copies of recent accounts and meeting minutes. Significant changes in legislation are brought to the attention of the PCC from a variety of sources including regular mailings from the St Alban’s Diocese and the Charity Commission. PCC members with specific responsibilities may attend relevant training courses offered by the Diocese and others as appropriate.
## Management responsibilities
The PCC is ultimately responsible for the conduct and management of the charity but the majority of day-to-day management decisions are taken by the following members of the PCC, and subsequently ratified by the PCC if appropriate.:
- Rector of the Parish of Great Berkhamsted (Rev’d Stuart Owen),
- Church Wardens (Mr Mark Grego and Mr Tim Hennessey),
- Hon Treasurer (Mr Richard Hackworth), and
- Chairman of the Buildings Committee (Mr Mark Grego).
The PCC delegates responsibility for church music to the Director of Music (Mr A Davis), who is not a trustee.
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## KEY NUMBERS for 2020
- The PCC has met on 6 occasions during 2020 with an average attendance of 91 **%.**
- Total income across all funds is approximately £209,000 (£236,700 in 2019).
- Expenditure across all funds is approximately £265,000 (£267,000 in 2019).
- The total of all PCC funds is approximately £1.57m (£1.63m in 2019). If property assets are excluded, PCC funds amount to approximately £190,000 (£246,000 in 2019).
- In 2020 donated income (including Gift Aid grants) represented 81% of all income across all funds (74% in 2019).
- Because of the Covid-19 pandemic St Peter’s was closed for public worship for 21 Sundays in 2020. Sunday morning services were streamed from about mid-April, including an additional four services over Christmas 2020 and some mid-week services.
- Average Sunday attendance in October 2020 was 100 adults and 15 children (2019: 160 adults and 30 children). During the Covid-19 lock-down at the end of 2020, average Sunday attendance was about 50. Approximately 30 people regularly follow the main Sunday morning Eucharist service online.
## Committees
Selected PCC activities are delegated to sub-committees which meet as required between full meetings of the Council. Reports of their activities are received and discussed at PCC meetings as appropriate, and reports of committee activities are presented to the APCM. The principal committees are as follows.
## Buildings Committee
The Buildings Committee plans and oversees the maintenance and development of all properties which fall within the responsibility of the PCC. Faculty authorisation for work is obtained from the Diocese of St Albans as appropriate.
## Pastoral Group
The Pastoral Group supports and visits members of the parish with pastoral needs, including bereavement support.
## Standing Committee
This committee is required by law. It consists of the stipendiary clergy, the two church wardens, the two deputy wardens if they are appointed, the honorary treasurer and the honorary secretary. It has the power to transact the business of the PCC between its meetings.
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## Your Berkhamsted Committee
This Committee overseas management of the parish magazine, Your Berkhamsted. In addition, informal groups are convened to manage specific parish events as appropriate.
## Parish staff, and volunteers
The St Peter’s Parish office is operated by the Parish Administrator, Mrs Hilary Armstrong, who is a salaried employee. Until mid-2020 the PCC employed a second Administrator and it is with regret that the PCC reluctantly decided to make this job redundant in October 2020 because of financial difficulties caused by the Covid-19 pandemic.
Church music is led by a Director, Mr Adrian Davis, and Assistant Director of Music, Mrs Jean Wild, and an Organist, Mr Jon Lee, who are paid fees for their professional services. The work of the whole church in every area of activity is supported by many unpaid volunteers who receive only out of pocket expenses. The PCC is very grateful and appreciative of the untiring and voluntary support to the mission of the church donated by members of the church congregation. Since the life of the church is defined through these donations of time and talents the PCC considers that it would be inappropriate to quantify them across the whole church community. However, a reasonable and conservative estimate of the total contribution donated by members of the PCC alone has been and remains in the region of 500 person-days pa.
## Safeguarding and Compliance
The PCC seeks to implement recognised and appropriate best practice to comply with relevant legislation, regulation and standards. In particular, the PCC attaches a high priority to safeguarding matters and has appointed a Safeguarding Officer, and the PCC has implemented controls and procedures to comply with the General Data Protection Regulations. All clergy and Trustees attend relevant safeguarding courses run by the Diocese of St Albans appropriate to their roles and responsibilities. The PCC complies with all relevant policies of the Church of England and the Diocese of St Albans.
## Related organisations
The Parish of Great Berkhamsted is not a parent or subsidiary undertaking of any other organisation and is not in an Associate, Joint Venture or Joint Arrangement relationship with any other organisation. However, the PCC is active within the local community in several ways and the following allied self-governing organisations may be noted.
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## Church schools
The Castle Church of England Federation is a partnership of two Church of England School within the parish of St Peter’s, and supported by the PCC:
- a) Thomas Coram Church of England School, Head of School Mrs Jackie Cutler.
- b) Victoria Church of England Infant and Nursery School, Head of School Mrs Caroline Crozier.
Mr Rob Halls is the Executive Headteacher of the Castle CE Federation.
## All Saints Church
All Saints Church, Berkhamsted (Registered Charity number 1153162) is an Anglican/Methodist Local Ecumenical Partnership (LEP). The LEP is administered as part of the West Hertfordshire and Borders Methodist Circuit and is also part of the Parish of Great Berkhamsted. Ultimate responsibility for the management of All Saints Church lies with the Anglican Methodist Association (Berkhamsted) Ltd (Registered Charity number 280703 and Company number 01493109). All day-to-day management responsibility is delegated to the All Saints Council which is funded directly by the All Saints congregation.
## The Friends of St Peter’s
The object of the Friends of St Peter’s Great Berkhamsted (Registered Charity number 1160314) is the preservation, repair, maintenance and improvement of the fabric of St Peter’s Church and associated Churchyards. The PCC receives occasional grants from the Friends for the care of the church, for which it has been very grateful. The PCC has collaborated with the Friends of St Peter’s and with Dacorum Borough Council in a project to enhance the Rectory Lane Cemetery during the period November 2017 to October 2020.
## Other local charities
The PCC nominates trustees for some independent local charities.
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## Property
The PCC owns two residential properties, All Saints House and Court House Cottage. All Saints House has been occupied by our curate Revd Simon Vivian and his family until September 2020 when he left the parish to take up a new position. The PCC has invested in significant maintenance of All Saints House in preparation to let it to tenants commencing in January 2021. The additional regular income will be important to the charity.
The Court House Cottage was occupied by a tenant until February 2020. It was then vacant until it was relet in August 2020.
The Court House Cottage and the Court House are separate but adjacent properties and the PCC has prepared a detailed programme of investment work to improve them both for the benefit of future tenants of the Cottage and users of the Court House. The pace with which the PCC will be able to proceed with this plan will depend on available funds.
St Peter’s Church is a Grade II* listed building parts of which date from the thirteenth century. The Court House is a Grade II listed building that dates from the sixteenth century. Maintenance of these important properties is a continuing and generally expensive responsibility. The PCC sets money aside for this work in a (Designated) Building fund.
## Charitable grants
Fund raising events and church service collections are carried out for a number of charities. During 2019 the PCC made gifts to charities totalling approximately £2,300. Details are summarised in Note 9 to the Financial Report.
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## Principal plans, constraints and risks
The PCC aims to strengthen resources and develop skills in order successfully to grow church membership and to serve the community well in the foreseeable future. PCC initiatives are constrained by available funds. In addition to the traditional method of donating through bank Standing Orders, donors may also donate through on-line services such as PayPal, and through the Parish Giving Scheme (PGS) which provides administrative and financial advantages to the PCC. The PCC encourages all donors to Gift Aid their donations.
The average age of the congregation continues to increase, with associated medium to long term risks of reducing donated income and reducing numbers of volunteers for some roles. The PCC is addressing these risks by encouraging new members and through outreach to the community.
Property maintenance and development is limited by funds available for building work, that are allocated to projects according to practical priorities and available resources. It is therefore sometimes necessary to postpone lower priority, but nevertheless important, work and the PCC recognises the potential risks entailed. However, the PCC plans a programme of improvements to the Court House Cottage and the Court House better to reduce costs and to serve its community more effectively.
PCC policy is to manage normal business risks in line with best practice. The charity has not suffered any material damage due to failures of, or inadequate management of, controls.
## Going Concern basis for accounts
The charity’s financial statements have been prepared on a going concern basis as the Trustees believe that no material uncertainties exist. The Trustees have also considered the impact of Covid-19, the level of funds held, and the expected level of income and expenditure for 12 months from the date of 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.
There are no points of special concern relating to the pandemic or any other matter to bring to the attention of the Charity Commission or the Diocese of St Albans, and no post balance sheet events are to be noted.
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## **Independent Examiner's Report to the trustees of The Parish of Great Berkhamsted, St Peter for the year ended 31 December 2020**
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 17 to 37.
## **Responsibilities and basis of report**
As the charity’s trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the charity as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Neil Cundale BSc FCA Hillier Hopkins LLP Chartered Accountants Radius House 51 Clarendon Road Watford Herts WD17 1HP
Date: 3 March 2021
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## **PCC of Great Berkhamsted St Peter**
## **Statement of Financial Activities**
## **For the period from 01 January 2020 to 31 December 2020**
||**Unrestricted**|**Designated**|**Restricted**|**Endowment**|**Total**|**Prior year**|
|---|---|---|---|---|---|---|
||**funds**|**funds**|**funds**|**funds**|**funds**|**total funds**|
|**_Incoming resources_**|||||||
|Incoming resources from generated funds|||||||
|Voluntary income|170,524|10,618|—|—|181,142|184,294|
|Activities for generating funds|270|540|—|—|810|4,612|
|Investment income|10,392|—|—|—|10,392|21,574|
|Incoming resources from charitable activities|7,633|1,548|60|—|9,241|22,043|
|Other incoming resources|7,470|—|—|—|7,470|4,223|
|**Total income**|**196,290**|**12,706**|**60**|**—**|**209,056**|**236,745**|
|**_Resources used_**|||||||
|Cost of generating funds|8,212|20,463|—|—|28,674|15,162|
|Charitable activities|200,514|34,366|100|—|234,980|250,205|
|Governance costs|2,020|—|—|—|2,020|2,160|
|**Total expenditure**|**210,746**|**54,828**|**100**|**—**|**265,674**|**267,527**|
|**Net income / (expenditure) resources before transfer**|**(14,456)**|**(42,123)**|**(40)**|**—**|**(56,618)**|**(30,782)**|
||||||||
|**_Transfers_**|||||||
|Gross transfers between funds - in|10|19,817|1,560|—|21,387|13,148|
|Gross transfers between funds - out|(1,277)|(20,109)|—|—|(21,387)|(13,148)|
|**_Other recognised gains / losses_**|||||||
|**Net movement in funds**|**(15,723)**|**(42,416)**|**1,521**|**—**|**(56,618)**|**(30,782)**|
|**_Reconciliation of funds_**|||||||
|**Total funds brought forward**|**22,623**|**1,597,575**|**6,272**|**—**|**1,626,470**|**1,657,251**|
|**Total funds carried forward**|**6,900**|**1,555,159**|**7,793**|**—**|**1,569,852**|**1,626,470**|
||||||||
|**_Represented by_**|||||||
|Unrestricted|||||||
|General fund|6,900|—|—|—|6,900|22,623|
|Designated|||||||
|Buildings Fund|—|25,880|—|—|25,880|53,282|
|Clergy support fund|—|20,551|—|—|20,551|20,551|
|Court House|—|30,963|—|—|30,963|36,692|
|Legacy|—|93,183|—|—|93,183|93,183|
|Little Fishes|—|1,324|—|—|1,324|1,169|
|Parish Magazine|—|3,258|—|—|3,258|2,598|
|Property|—|1,380,000|—|—|1,380,000|1,380,000|
|RLCP Contingency|—|—|—|—|—|10,100|
|Restricted|||||||
|Agency collection|—|—|0|—|0|0|
|Flower Fund|—|—|233|—|233|272|
|Money received for restricted purposes|—|—|1,560|—|1,560|—|
|St Catherine Chapel|—|—|6,000|—|6,000|6,000|
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## **PCC of Great Berkhamsted St Peter**
## **Balance sheet (Separate funds) As at: 31 December 2020**
||**General**|**Designated**|**Restricted**|**Endowment**|**At 31/12/2020**|**At 31/12/2019**|
|---|---|---|---|---|---|---|
||**Fund**|**Funds**|**Funds**|**Funds**|**£**|**£**|
|**_Fixed assets_**|||||||
|Tangible assets|—|1,380,000|—|—|1,380,000|1,381,288|
|**Fixed assets**|**—**|**1,380,000**|**—**|**—**|**1,380,000**|**1,381,288**|
|**_Current assets_**|||||||
|Debtors|—|—|—|—|—|12,000|
|Cash at bank and in hand|9,650|178,559|9,590|—|197,799|240,739|
|**Current assets**|**9,650**|**178,559**|**9,590**|**—**|**197,799**|**252,739**|
|**_Liabilities_**|||||||
|Creditors: Amounts falling due in one year|2,750|3,400|1,797|—|7,947|7,558|
|**Net current assets less current liabilities**|**6,900**|**175,159**|**7,793**|**—**|**189,852**|**245,181**|
|**Total assets less current liabilities**|**6,900**|**1,555,159**|**7,793**|**—**|**1,569,852**|**1,626,470**|
|**Total net assets less liabilities**|**6,900**|**1,555,159**|**7,793**|**—**|**1,569,852**|**1,626,470**|
|**_Represented by_**|||||||
|**_Unrestricted_**|||||||
|Unrestricted - General fund|6,900|—|—|—|6,900|22,623|
|**_Designated_**|||||||
|Designated - All Saints Roof|—|—|—|—|—|—|
|Designated - RLCP Contingency|—|—|—|—|—|10,100|
|Designated - Buildings Fund|—|25,880|—|—|25,880|53,282|
|Designated - Clergy support fund|—|20,551|—|—|20,551|20,551|
|Designated - Court House|—|30,963|—|—|30,963|36,692|
|Designated - Cowper Society|—|—|—|—|—|—|
|Designated - Legacy|—|93,183|—|—|93,183|93,183|
|Designated - Little Fishes|—|1,324|—|—|1,324|1,169|
|Designated - Parish Magazine|—|3,258|—|—|3,258|2,598|
|Designated - Property|—|1,380,000|—|—|1,380,000|1,380,000|
|**_Restricted_**|||||||
|Restricted - St Catherine Chapel|—|—|6,000|—|6,000|6,000|
|Restricted - Flower Fund|—|—|233|—|233|272|
|Restricted - Organ Appeal Fund|—|—|—|—|—|—|
|Restricted - Petertide|—|—|—|—|—|—|
|Restricted - Money received for restricted purposes|—|—|1,560|—|1,560|—|
|Restricted - Agency collection|—|—|0|—|0|0|
|**Funds of the church**|**6,900**|**1,555,159**|**7,793**|**—**|**1,569,852**|**1,626,470**|
18 of 37
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## **Financial Report for the year ended 31 December 2020**
## **Financial responsibilities of trustees**
The PCC is responsible for preparing annual financial statements in accordance with Charity law which give a true and fair view of the state of affairs of the PCC and of its financial activities. In summary, Trustees financial responsibilities are to:
- Evidence the trustees’ responsibility for public accountability and Stewardship.
- Select suitable accounting policies and apply them consistently.
- Make judgements and estimates that are reasonable and prudent.
- State whether the policies adopted are in accordance with the Statement of Recommended Practice ‘Accounting and Reporting by Charities’ and with applicable accounting standards, 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 assume that the PCC will continue in operation.
- Keep 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.
- Safeguard the assets of the PCC and take reasonable steps for the prevention and detection of fraud or other irregularities.
- Maintain reserves at an adequate level appropriate to the Charity objectives and responsibilities.
## **Accounting standards**
Accounts have been prepared on the going concern basis in accordance with relevant requirements of the Charities Act 2011, the Church Accounting Regulations 2006, the Charities Statement of Recommended Practice 2015 (SORP 2015) and the Financial Reporting Standard 102 (March 2018).
The accounts include all material transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups which owe their main affiliation to another body, nor those that are informal gatherings of church members.
## Eligibility for Independent Examination and application of Small Entity Accounting Standards.
For the year ending 31[st] December 2020 the total assets of the charity are less than £3.26m net, its gross income is less than £500,000 and it employs less than 50 staff. The charity therefore qualifies to prepare its Report and Accounts in compliance with the Accounting Standards for Smaller Entities (FRS 102, 1a). In accordance with FRS 102 and the Charities SORP 2015 the charity is not required to commission a formal audit and may rely upon
20 of 37
Independent Examination of its Annual Report and Accounts.
## **Funds**
The PCC operates thirteen funds which are set out below. The PCC holds no Endowment funds.
## Unrestricted funds
_General fund_ - receives the regular income of the PCC and is used for normal operating and recurring expenses including insurance, utility, administration and housekeeping costs.
## Designated unrestricted funds
_Buildings fund_ - to support property maintenance and improvements.
_Clergy Support fund_ – to hold unrestricted reserves to support potential shortfalls in General fund income.
_Court House fund_ – holds money specifically donated for maintenance and enhancement of the Court House.
_Legacy fund –_ to hold all legacies bequeathed to the PCC. All money received from legacies is accounted for through this fund.
_Little Fishes –_ to support the Little Fishes children’s group.
_Parish Magazine fund_ – to support the production and distribution of the parish magazine, “Your Berkhamsted”.
_Property fund_ – represents the fair value to the PCC of the properties held for the benefit of the PCC. The properties are legally vested in the Diocesan Board of Finance as Custodian Trustee.
_Rectory Lane Cemetery Project (RLCP) fund –_ held money set aside to supplement funds raised by the RLCP between November 2017 and October 2020 to ensure that the RLCP is able to meet its fund-raising obligations arising from a Lottery Heritage Fund grant. As at 31[st] December 2020 this fund has been reduced to zero.
## Restricted funds
_Petertide fund –_ holds money specifically given to the PCC to support the Petertide charities selected by the PCC.
_Flower fund –_ holds money received for the provision of flowers in St Peter’s Church.
_Restricted fund –_ holds money received by the PCC for other restricted purposes.
_St Catherine’s Chapel fund –_ holds funds specifically donated for restoration of the St Catherine’s chapel.
Agency funds
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These hold monies collected by the PCC acting as agent for independent organisations and individuals. No formal Agency Agreements are in place.
Independent organisations include charities and the Diocese of St Albans. Money held for charities is usually collected during church services such as funerals, or in “red bucket” appeals on behalf of specified charities. The PCC ensures that the identities of the charities concerned are made clear to church congregations at the time of the collection.
Money collected on behalf of the Diocese consists of fees for parochial church services such as weddings and funerals.
Money collected on behalf of individuals includes fees due to musicians, bell ringers and church vergers for optional services provided at weddings or other special events. These fees are paid by those commissioning the services concerned and not by the PCC.
These funds are referred to collectively as “Agency Funds”. They are not PCC assets although they generally reside temporarily in PCC bank accounts until disbursed, which the PCC aims to complete promptly. The Balance Sheet shows the value of Agency funds held at year end. During 2020 the PCC has collected and disbursed approximately £11,800 through Agency funds.
## **Incoming resources**
All income is recognised when receipt of that income by the PCC is considered highly probable, and is accounted for gross. The value of the very considerable amount of time and expertise given free of charge by volunteer members of the congregation in a wide variety of ways is not quantified.
## **Expended resources**
Expenditure is recognised when it is incurred and is accounted for gross. Parish support costs are not apportioned to specific activities. Grants and donations are recognised when paid over, or when awarded if that award creates a binding or constructive obligation on the PCC.
## **Fixed assets**
## Property
Property assets are as follows.
- a) Consecrated and benefice property including St Peter’s Church and the Rectory Lane Cemetery. This is not included in the accounts in accordance with s. 10(2) to 10(4) of the Charities Act 2011. The PCC has maintenance responsibility for these properties and for ensuring that they are adequately insured.
- b) The Court House. The PCC considers that the potential market value of the Court House, and the costs of a potential sale, would depend heavily on several important considerations none of which can be reliably identified nor assessed in advance. This property is therefore valued at zero.
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- c) Movable church furnishings held by the Rector and Churchwardens on special trust for the PCC, and which require a faculty for disposal. These are inalienable property, listed in the church inventory, which can be inspected by arrangement at any reasonable time. These assets are valued at zero.
- d) Residential property consisting of the Court House Cottage and All Saints House. During the year ending 31[st] December 2020 the Court House Cottage has been rented on the open market, and All Saints House has been occupied by our Curate and his family free of rent. The fair market value of PCC property assets has been left unchanged at the end of this Financial Year.
All expenditure incurred on the property set out under a) to d) above, whether for maintenance or improvement, is written off.
## Insured value
As at 31[st] December 2020 PCC property and contents is insured for a total replacement cost of approximately £26.5m, £23.2m of which relates to St Peter’s church.
## Other fixed assets
Fixed assets with a purchase price of £1,000 or less are written off when the asset is acquired. Other fixed assets, such as office equipment, with a purchase price greater than £1,000 are depreciated on a straight-line basis over 5 years unless the PCC determines otherwise in specific cases.
## **Current assets**
Cash at bank and in hand. The PCC operates bank accounts with CAF Bank Ltd, NatWest Bank plc and with CCLA Investment Management Ltd. Small cash floats are also held for certain activities.
Inventories. The PCC holds small inventories of office supplies, housekeeping materials, worship supplies and books. The fair sale value of these is considered to be immaterial and inventories are valued at zero
Debtors. Amounts owing to the PCC at 31[st] December in respect of fees, rents, Gift Aid and other income are shown as debtors less any provision for amounts that may prove uncollectable. All utility and insurance costs are paid by monthly Direct Debits and therefore no accruals have been made for prepayments.
## **Intangible assets**
The PCC has not identified any intangible assets with material value.
## **Liabilities**
## Long term commitments
The PCC has no outstanding borrowings or long-term funding commitments towards other organisations.
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## **Current liabilities**
## Creditors.
Material payments considered to be highly likely although not yet invoiced are recorded as liabilities.
As a registered charity the PCC has no tax liabilities.
## **Reserves**
PCC policy is to maintain a minimum General fund balance of not less than 2 months regular planned income to cover likely day to day transactions. Through 2020, average monthly planned income is approximately £12,000 to £13,000. As at 31[st] December 2020 the General fund balance is approximately £7,000. Consequently, in January 2021 funds have been transferred from reserves to lift the General fund to an acceptable balance. Through 2021 the General fund will be monitored closely every monthly, and supported as necessary from reserves held in the Clergy Support fund and, if essential, the Legacy fund. One associated potential risk of calling upon the Legacy fund is that the PCC might not have sufficient funds available for planned building work during 2021.
PCC policy is to determine no formal reserve policies for other funds since these would serve no useful management purposes.
## **Cash investments**
PCC investment policy is to hold cash in excess of that required for day-to-day activities but likely to be required at call in a CCLA CBF cash deposit account. This account is considered to represent no investment risk to the PCC. Funds can be accessed within 10 working days. Cash which the PCC considers is likely to be required in more than 1 year but less than 5 years is invested in term deposit accounts selected by reference to the return offered and finance industry risk ratings. As at 31[st] December 2020 no such term deposit accounts were held.
## **Risk management**
The PCC considers that there is no significant risk of material adjustments to transactions relating to the current or previous reporting periods.
Day to day operational risks are managed as appropriate and proportionate in accordance with recognised best practice.
An important operational risk is potential loss of computer data which would severely reduce the PCC’s ability to function. Reputable security software is installed on computer equipment and important computer data is stored and automatically backed-up off-site.
The greatest financial risk is inadequate General fund cash flow to support regular commitments, particularly through the Covid-19 pandemic. Projections of the financial outlook have been prepared to inform the PCC of potential risks and contingency actions
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identified. Monthly cash flow summaries for the General fund and the Building fund will continue to be circulated to the PCC with supporting commentaries.
## **Remuneration**
## Staff
Until mid-2020 the PCC employed two people to staff the Parish Office from Monday to Friday. With much regret the PCC decided to declare one of these jobs redundant because of financial difficulties caused by the Covid-19 pandemic, and she left employment on 31[st] October 2020.
Three musicians (the Director of Music, the Assistant Director of music, and the church organist) are also treated as employees for the purposes of collecting and paying PAYE and National Insurance contributions.
The PCC offers all employees membership of a Work Place Pension in accordance with the Pensions Act 2008.
## Trustees
Clergy are employed by the Diocese of St Albans and receive no additional remuneration from the PCC. Members of the PCC are not remunerated for their services as Trustees.
During 2020 one Trustee has been employed by the PCC for his separate role as church organist (refer to the paragraph above concerning staff).
All trustees are reimbursed by the PCC for out-of-pocket expenses incurred on PCC business and evidenced by reasonable receipts. The total of unclaimed trustee expenses is considered to be immaterial.
## Parochial church services
The church offers individual trained members of the church to provide assistance and support to parochial church services such as weddings and funerals. Examples include bell ringers, vergers and musicians. This assistance and support is paid for by the people commissioning the services concerned (such as wedding couples and families for funerals), and not by the charity. Parochial fees are set out in a schedule approved by the PCC. The PCC collects Parochial fees on behalf of the people concerned and holds funds in an agency account where they are not counted as PCC assets, until they are disbursed.
During 2020 two Trustees served to provide assistance and support to Parochial services, as organist and as a verger. These roles are independent of the roles as Trustees of the individuals concerned.
## Related Party Transactions
All trustees have confirmed that neither they, nor any of their relatives, nor any company in which they have financial interests, have been party to any PCC transactions in the year ending 31[st] December 2020. No trustees have any financial interests in any PCC assets.
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## **Notes to this Financial Report**
1. Cash flow statement.
2. Donated income and Gift Aid
3. Covid-19 Job Retention Scheme
4. Legacies.
5. Investment income.
6. Transactions with employees and trustees and related persons.
7. Employment costs.
8. Pension scheme.
9. Grants and outward giving.
10. Parish share.
11. Parochial fees.
12. Fixed assets.
13. Accrued assets and liabilities
14. Fund reports.
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## 1 Cash Flow Statement
|||Fund types||31/12/2020|31/12/2019|
|---|---|---|---|---|---|
||Unrestricted|Designated|Restricted|All funds|All funds|
||**£**|£|£|£|£|
|**Cash flows from operating activities**||||||
|Fund income from SOFA|196,290|12,706|60|209,056|236,745|
|Less investment (rental)income|-9,870|0|0|-9,870|-20,310|
|Less bank interest|-460|0|0|-460|-1,264|
|Less increase in debtors|12,000|0|0|12,000|-250|
|Cash income from operating activities|197,960|12,706|60|210,726|214,921|
|Fund expenditure from SOFA|210,746|54,828|100|265,674|267,527|
|less increase in creditors|2,710|-2,400|-700|-389|-398|
|less depreciation|-1,288|0|0|-1,288|-1,300|
|Cash expenditure on operatingactivities|212,168|52,428|-600|263,996|265,829|
|**Net cashprovided by (used in) operating activities**|-14,208|-39,723|660|-53,270|-50,908|
|**Reconciliation of movement in funds to net operating cash**||**flows**||||
|**_Net movement in funds as reported in the SOFA_**|-15,723|-42,416|1,521|-56,618|-30,782|
|Less investment (rental) and interest|-10,330|0|0|-10,330|-21,574|
|Less revaluation of property assets|0|0|0|0|0|
|Less cash fund transfer in|-10|-19,817|-1,560|-21,387|-13,148|
|Plus cash fund transfer out|1,277|20,109|0|21,387|13,148|
|Depreciation charges|1,288|0|0|1,288|1,300|
|Decrease in Debtors|12,000|0|0|12,000|-250|
|Plus increase in creditors|-2,710|2,400|700|389|398|
|**_Net cashprovided by (used in) operating activities_**|-14,208|-39,723|660|-53,270|-50,908|
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||Years ending
31/12/2020
31/12/2019
All funds
All funds
£
£
9,870
20,310
460
1,264
0
0
10,330
21,574
-42,940
-29,334
-42,940
-29,334
240,739
270,073
21,367
13,148
-21,367
-13,148
197,799
240,739
197,799
240,739
0
0
0
0
197,799
240,739|
|---|---|
|**Cash at bank and in hand reported in Balance Sheet**
9,650
178,559
9,590||
|**Analysis of cash and cash equivalents**
Cash at banks and in hand
9,650
178,559
9,590
Notice deposits
0
0
0
Overdraft facilities
0
0
0
**Total cash and cash equivalents**
9,650
178,559
9,590||
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## 2 Donated income and Gift Aid
In total the PCC received donations in 2020, including Gift Aid, from all sources and across all funds of approximately £183,000, 22% of which is Gift Aid. The principal sources of donated income are as follows.
|**Source**|**£**|
|---|---|
|**Planned monthly donations excluding Gift Aid**||
|Planned Stewardship direct to PCC|69,971|
|PGS|63,769|
|Other sources including collections and donations|9,326|
|**Total**|**143,066**|
|||
|**Gift Aid received**||
|Claimed by PCC|26,144|
|Received through PGS|13,818|
|**Total Gift Aid**|**39,962**|
|||
|**Total income from all donations**|**183,029**|
- 3 Covid-19 Job Retention Scheme
The PCC placed four employees on furlough for the period when St Peter’s church was required to close for public worship and it applied for grants under the Government Job Retention Scheme, totalling £7,042.
- 4 Legacies
During 2020, the PCC has received three legacies totalling £9,706.
- 5 Investment income
Investment income consists of:
- a) Interest of £460 earned by cash held on deposit with CCLA.
- b) Rental income of £9,870 from rental of Court House Cottage.
6 Financial transactions with employees, trustees, professional services and related
person transactions
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## Donations
Details of all personal donations are confidential to the parish Planned Giving Coordinator and the Treasurer, including those of PCC members and their families. Donations to the charity made by trustees and their family members are typical of donations made by the church congregation as a whole.
## Reimbursement of expenses
Clergy, employees and trustees may incur out-of-pocket expenses on behalf of the PCC which are reimbursed against reasonable evidence of payment. During 2019 expense reimbursements are as follows.
|reimbursements are as follows.||
|---|---|
|**Group (numbers making claims)**|**Total**
**reimbursements**|
|Employees (2 people)|£587|
|Members of the clergy (5 people)|£4,857|
|Other trustees (4 people)|£2,687|
|**Total (across 9 people)**|**£8,131**|
The maximum total reimbursement of expenses paid to a single trustee (other than members of clergy) in the reporting period is £1,190. The PCC has made no loans to trustees or staff.
## Professional fees
Independent Examination fees during 2020 are £2,160. Professional fees may also be paid for architectural, design and installation services necessary for the maintenance of PCC property.
## 7 Employment costs
The total gross remuneration paid during 2020 is £24,837. Additional redundancy costs including Employers pension contributions are £5,950. In 2020 the PCC collected and paid to HMRC Income Tax and National Insurance totalling £2,980. The PCC has no liability for post-employment or post-retirement benefits.
## 8 Pension scheme – CWPF Pension Builder 2014
In accordance with the 2008 Pensions Act, the PCC offers membership of a pension scheme to all eligible workers. The PCC participates in the Pension Builder 2014 Scheme section of the Church Workers Pension Fund (CWPF) for lay staff. The Scheme is administered by the Church of England Pensions Board.
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Pension Builder 2014 is classed as defined benefit scheme. It 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. The Board may add discretionary bonuses to member accounts before retirement, depending 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. A reduction may be made if benefits are withdrawn before this age.
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 legal structure of the scheme is such that if another employer fails, the PCC could become responsible for paying a share of that employer’s pension liabilities. There is no requirement for deficit payments at the current time. The employer pensions costs charged to the SoFA in 2020 are £1,892.
An actuarial valuation of the Pension Builder Scheme is carried out once every three years, the most recent valuation being as at 31 December 2016. A valuation as at 31 December 2019 is underway as at 31 December 2020. For the Pension Builder 2014 section, the 2016 valuation revealed a surplus on the ongoing assumptions used of £1.8m. Retirement accounts are invested in line with the Church of England’s ethical policies. The Church of England Pension’s Board review of 2020 reported overall investment returns in excess of 9%.
## 9 Grants and outward giving
Money collected on behalf of independent charities is accounted for through Agency funds. Charitable grants and contributions paid in 2020 include:
- a) £290 to The Children’s Society.
- b) £939 to the Hospice of St Francis.
- c) £939 to DENS.
- d) £143 to charitable appeals by the Diocese of St Albans.
Money is also donated to various charities at pastoral services such as funerals which is generally not managed by the PCC. Such donations are not included.
- 10 Parish Share
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The Parish Share is paid to the Diocese of St Albans to contribute towards clergy employment costs, ministerial training, and to assist less well-off parishes in the Diocese. Annual Parish Share expenditure is:
|2017|£131,659|
|---|---|
|2018|£132,455|
|2019|£131,674|
|2020|£130,858|
|2021|£132,053|
The Parish Share is the single largest item of PCC expenditure, representing approximately 63% of General fund expenditure in 2020.
## 11 Parochial Fees
The Church of England sets standard fees for parochial church services such as weddings, funerals and memorial services, some of which are retained by the PCC and some of which are remitted to the Diocese of St Albans. In addition, the PCC sets its own fees for providing “extras” such as an organist, the choir, bell ringers, making private videos, additional church cleaning during the Covid-19 pandemic, and administrative support if requested. Parochial fees are reviewed annually. In 2020 the PCC received a total of £1550, and the Diocese a total of approximately £1,794. Diocesan fees are accounted for through an Agency account.
## 12 Fixed assets and depreciation
|**Property**|||
|---|---|---|
|Property at fair market value at 31stDecember
2019||£1,380,000|
|Additions and disposals during 2020|-||
|Revaluation during 2020|-||
|Property at fair market value at 31stDecember
2020||£1,380,000|
||||
|**Office equipment**|||
|Office equipment at 31stDecember 2018||£1,288|
|Purchase price|£6,488||
|Depreciation brought forward 1stJanuary 2020|(£5,200)||
|Additions and disposals during 2020|-||
|Depreciation applied 31stDecember 2020|(£1,288)||
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Net book value at 31[st] December 2020
Nil
The total net value of fixed assets at 31[st] December 2020 is £1,380,000. The Land Registry House Price index shows a significant increase between December 2019 and October 2020, indicating that fair-value estimates for property prices have risen during 2020. However, in view of the economic uncertainties associated with the Covid-19 pandemic, including proposed tax changes, PCC property values are unchanged in these accounts.
## 13 Accrued assets and liabilities
Accrued assets
As at 31[st] December 2020 the PCC has no debtors or accrued assets.
Accrued liabilities
As at 31[st] December 2020 the PCC has total accrued liabilities of approximately £7,950 consisting of:
- a) £2,300 for professional fees.
- b) £5,650 for advance receipts and known payments due early in 2021.
Contingent liability
The PCC currently holds no contingent liabilities.
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## 14 Fund reports
## Fund transfers
The following significant fund transfers have been made:
- a) £10,100 from the RLCP fund to the Building fund. The RLCP fund is now fully transferred to the Building fund.
- b) £600 from the Verger Agency fund to the General fund. This money is parochial fees for providing church vergers. As these posts are currently held on an honorary basis these fees have been passed directly to the Charity.
- c) £9,706 from the Legacy fund to the Building fund.
Other fund transfers have been made during the year for administrative convenience such as managing fund balances between PCC bank accounts.
## Fund movements, and fund assets and liabilities
Summary reports are given below.
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## **PCC of Great Berkhamsted St Peter**
## **Fund movement summary Selected period: 01 January 2020 to 31 December 2020**
|
|**Fund**
**Fund Balances**
**Incoming**
**Outgoing**
**Transfers**
**Gains and**
**Journal Enties**
**Fund balances**
**brought forward**
**Resources**
**Resources**
**Losses**
**Carried forward**|
|---|---|
||**—**
AS-Roof - All Saints Roof
—
—
—
—
—
—
—
Buildings - Buildings Fund
53,282
1,270
48,185
19,514
—
—
25,880
Clergy - Clergy support
20,551
—
—
—
—
—
20,551
fund
CourtH - Court House
36,692
—
5,729
—
—
—
30,963
Cowper - Cowper Society
—
—
—
—
—
—
—
Flower - Flower Fund
272
60
100
—
—
—
233
Legacy - Legacy
93,183
9,707
—
(9,707)
—
—
93,183
LitFsh - Little Fishes
1,169
182
27
—
—
—
1,324
Restricted - Money
—
—
—
1,560
—
—
1,560
received for restricted
purposes
Organ - Organ Appeal
—
—
—
—
—
—
—
Fund
Magazine - Parish
2,598
1,548
888
—
—
—
3,258
Magazine
Petertide - Petertide
—
—
—
—
—
—
—
Property - Property
1,380,000
—
—
—
—
—
1,380,000
RLCP - RLCP
10,100
—
—
(10,100)
—
—
—
Contingency
Cath - St Catherine
6,000
—
—
—
—
—
6,000
Chapel
General - General fund
22,623
196,290
210,746
(1,267)
—
—
6,900
**Totals**
**1,626,470**
**209,056**
**265,674**
**—**
**—**
**1,569,852**|
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## **PCC of Great Berkhamsted St Peter**
## **Statement of Assets and Liabilities (by fund) As at: 31 December 2020**
||**Balance**|**Previous**
**balance**|
|---|---|---|
|**Tangible assets**
**0500: Property - Asset**
Property
Designated
**0510: Equipment - Asset**
General fund
Unrestricted
**Tangible assets**
**Cash at bank and in hand**
**0600: NatWest Current - Asset**
General fund
Unrestricted
Agency collection
Restricted
**0601: CAF Bank Account - Asset**
Buildings Fund
Designated
Clergy support fund
Designated
Court House
Designated
Flower Fund
Restricted
Little Fishes
Designated
Money received for
Restricted
restricted purposes
Parish Magazine
Designated
RLCP Contingency
Designated
St Catherine Chapel
Restricted
General fund
Unrestricted
Agency collection
Restricted
**0605: CCLA Account - Asset**
Clergy support fund
Designated
Legacy
Designated
RLCP Contingency
Designated
General fund
Unrestricted
**0625: NatWest Stewardship Account - Asset**
General fund
Unrestricted
**0651: St Peters Choir Float - Asset**
General fund
Unrestricted
**0652: Little Fishes Float - Asset**
Little Fishes
Designated
General fund
Unrestricted
**Cash at bank and in hand**|1,380,000|**1,380,000**
**1,288**
**1,381,288**
**10**
**105,137**
**135,447**
**10**
**100**
**35**
**240,739**
1,380,000
1,288
58
(48)
54,282
(250)
36,692
272
1,134
—
2,598
(10,100)
6,000
13,363
1,145
20,801
93,183
20,200
1,264
10
100
35
—|
||**1,380,000**
—||
||**—**
**1,380,000**
10
—||
||**10**
29,280
20,551
30,963
233
1,299
1,560
3,258
—
6,000
9,397
1,797||
||**104,339**
—
93,183
—
62||
||**93,245**
70||
||**70**
100||
||**100**
25
10||
||**35**
**197,799**||
36 of 37
**Previous Balance balance**
## **Debtors**
|**Debtors**|**Balance**|**Previous**
**balance**|
|---|---|---|
|**0660: Income Tax Debtor - Asset**
General fund
Unrestricted
**Debtors**
**Agency accounts**
**6699: Agency collections - Liability**
Agency collection
Restricted
**Agency accounts**
**Creditors: Amounts falling due in one year**
**0700: Accruals - Liability**
Buildings Fund
Designated
General fund
Unrestricted
**Z04: Accounts Payable - Liability**
Buildings Fund
Designated
General fund
Unrestricted
**Creditors: Amounts falling due in one year**
**Grand Total**|—|**12,000**
**12,000**
**1,097**
**1,097**
**—**
**6,460**
**6,460**
12,000
1,097
—
—
1,000
5,460
**1,626,470**|
||**—**||
||**—**
1,797||
||**1,797**||
||**1,797**
3,400
2,750||
||**6,150**
—
—||
||**—**||
||**6,150**
**1,569,852**||
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