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2020-12-31-accounts

ST FRANCIS CHURCH, SALISBURY Annual Report and Financial Statements of the Parochial Church Council

for the year ended 31 December 2020

Charity Number 1130133

ST FRANCIS CHURCH, SALISBURY (1130133) ANNUAL REPORT AND FINANCIAL STATEMENTS

CONTENTS

CONTENTS
Page
Trustees and professional advisers 1
Trustees Annual report 2-5
Independent Examiner's Report to the trustees of
St Francis Church Salisbury 6
Financial Statements:
Statement of Financial Activities 8
Balance Sheet 9
Notes to the Financial Statements 10-16

ST FRANCIS CHURCH, SALISBURY (1130133)

ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

ADMINISTRATIVE INFORMATION

Church Details

St Francis Church is an Anglican Church in the Diocese of Salisbury. The church building is situated in the northern part of the city, at the junction of Castle Road and Beatrice Road.

Correspondence to the Church, the PCC or its officers can be addressed to:

The Parish Office St Francis Church Beatrice Road Salisbury, SP1 3PN

Structure and Management

The PCC is a corporate body established by the Church of England and operates under the Parochial Church Council Powers Measure. The PCC registered with the Charity Commission during 2009; our Registration Number is 1130133. The appointment of members of the PCC is governed by and set out in the Church Representation Rules.

Churchwardens at St Francis had traditionally been elected to serve a two-year term. A decision was made in 2007 to increase the normal term to three years. Churchwardens attend training days to make them aware of the responsibilities that they have as Churchwardens, and that the PCC has overall. When necessary and appropriate, individual members of the PCC attend courses to learn about specific issues and to report back to the PCC.

The PCC meets regularly on alternate months; in the intervening months a Standing Committee, (consisting of the PCC Chair, the Curate, Secretary, Treasurer, Operations Manager, Churchwardens and Vice-Chair) meets. Reports from Deanery and General Synods, Churches Together, our link missionaries, the Juba School in Sudan and PCC Committees are regularly received by the PCC. The PCC has appointed sub-committees and task forces for special responsibilities and tasks, as follows:

Responsibilities

Building & Grounds Committee To deal with issues relating to the fabric of the church building and grounds Mission Committee To monitor and review all our mission work, and to advise on annual giving Other taskforces are formed as and when they are needed for special events and for the appointment of staff

PCC membership

The following people served on the Parochial Church Council (PCC) during 2020 and consequently formed the Board of Trustees of the PCC during the period:

Incumbent Reverend Canon Jean de Garis Chair of the PCC (from May 2019) Curate Reverend Matthew Levinsohn ( from July 2017 ) Churchwardens Caroline Ferguson (until September 2020) Olwen Brockway (until September 2020) Chris Taylor (from September 2020) Tom Wilkins (from September 2020)

Officers Jane Franchi Secretary (from September 2020 Jean Filtness Secretary (until September 2020) Mark Venables Treasurer (from April 2019)

Page 1

ST FRANCIS CHURCH, SALISBURY (1130133)

ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

General Synod Member Keith Leslie (re-elected April 2017)
Deanery Synod Susan Carey (Until September 2020)
Representatives Sally Reed (re-elected September 2020)
John Squire (re-elected September 2020)
Dannielle Malone (elected September 2020)
Elected Members Michelle Boucher (Until September 2020)
David Heydon (Until September 2020)
Colin Reed (Until September 2020)
Bill Wilson (Until September 2020)
Toby Ferguson elected 2019 for 2 years
Aysha Musson elected 2018 for 3 years
Anita Thorne elected 2018 for 3 years
Brian Webb elected 2018 for 3 years
Sarah Alford elected 2019 for 3 years
Jean Filtness elected 2019 for 3 years
Chris Taylor elected 2019 for 3 years
Mark Venables elected 2019 for 3 years
Simon Futcher elected September 2020 for 3 years
Michael Neve elected September 2020 for 3 years
Georgine Polius elected September 2020 for 3 years
Karen Scott elected September 2020 for 3 years
Ex-Officio Members Rev Sarah Wood-Roe Priest at St Lawrence, Stratford-sub-
William Burditt Castle
Sophie Burditt Hope Community Church Leader
Hope Community Church Leader

AIM AND PURPOSE

The Parochial Church Council (PCC) of St Francis Church is responsible for co-operating with the Vicar, in promoting the whole mission of the church, pastoral, evangelistic, social and ecumenical, in the ecclesiastical parish. It is also responsible for the maintenance of the Parish Church and the adjacent Church Hall.

OBJECTIVES AND ACTIVITIES

The primary objective of the PCC is the proclamation of the Gospel of our Lord Jesus Christ according to the doctrine and practices of the Church of England. St Francis PCC tries to achieve this by co-operating with and supporting our Vicar in promoting the mission of the church to the whole parish.

The Standing Committee (which sets the agenda for meetings of the PCC) is very conscious that it is easy for the PCC to become too involved with building maintenance and other routine matters. While the responsibility for looking after our physical assets must not be ignored, the PCC does try to keep a sensible balance and devote time to discussing the future work of the church in the parish and our role in the wider community.

Page 2

ST FRANCIS CHURCH, SALISBURY (1130133)

ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

REVIEW OF THE YEAR (ACHIEVEMENTS AND PERFORMANCE)

Church Activities

In non-Covid-19 times, St Francis maintains a varied pattern of worship services. These are usually: 9.30 am Holy Communion, 11 am Informal Worship and 7.30 pm Praise and Prayer. This range of worship includes a small choir, a worship band, liturgical and all-age worship opportunities.

Often for the teaching component of worship, age-appropriate groups are formed for some or all of the service. The church is blessed with having a number of excellent different locations on site for small-group discipleship.

In addition to services in church building, we take Communion to the house-bound and many residential homes.

We have 156 people on our Electoral Roll, and the average church attendance last year was around 190 each Sunday for the 9.30 and 11.00 services combined, the same as last year. (Note that some people attend both services).

Covid-19 Changes

During the periods of the closure of all buildings in the pandemic, worship, praise, prayer and discipleship in small groups, all moved online. Most pre-recorded services on YouTube had between 100 and 800 viewings per week. We pivoted into live Zoom meetings in 2021, but have held live services at St Francis when able to do so safely having done all appropriate risk-assessments.

Clergy

The Rev Canon Jean de Garis (Vicar) and Rev Matt Levinsohn (Assistant Curate) have led and taught in the majority of worship services and oversaw the delivery of pastoral care and evangelism through the local church.

Church Staff

In addition to clergy, the Church has five part-time paid staff members: Katie Ollivierre working with Children and Young Families, Paul Cable the Youth Pastor, Jane Franchi the Operations Manager, Rory Malone the Worship Pastor and Home Group Co-Ordinator, and Charlie Davies the caretaker. In addition, Rachel Levinsohn coordinated and led Prayer Ministry within the church in a voluntary capacity.

The staff team were exceptional in pivoting their delivery of ministry to the church and wider community through the pandemic. They produced exceptional, high-quality resources across a range of social media platforms as well as using different physical spaces (including “The Green”). This involved developing new skills in a very short timeframe, and they offered fun activities and discipleship programmes outside their previous comfort zones or competencies. We are extremely grateful for their imagination, creativity, courage and hard work this year. Five members of staff were fully or partially furloughed under the government job retention schemes in 2020 and 2021.

Church Fabric

The Beatrice Room is used for a wide variety of activities. The new church roof was installed and completed in January 2020. There are significant loans to be repaid, but the work has been completed on time and within budget. Through the year, the Youth Lounge was extensively re-ordered and re-furnished to a very high specification. This will facilitate the delivery of our own high-quality youth work, and make it a space available for other youth agencies in the future.

Page 3

ST FRANCIS CHURCH, SALISBURY (1130133)

ANNUAL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020

REVIEW OF THE YEAR (ACHIEVEMENTS AND PERFORMANCE)

Hope Church

The Missional Hope Community under Will and Sophie Burditt’s leadership was well-engaged with people on the two new housing estates of Old Sarum and Longhedge in preceding years. The next natural phase in its development, after much research, discussion and prayer, was to invite members of St Francis Church to commit themselves to forming a new Sunday worshipping community in the Old Sarum Community Centre. In November 2019, an invitation was given to the whole church to consider prayerfully whether they were being called into this new emerging church. 30 adults and 20 children committed themselves to this exciting adventure of faith. In January 2020, these members were commissioned and sent out from St Francis to start a new phase in being the people of God amongst the new housing as “Hope Church”. This reflected the fact they were going to be meeting every Sunday for shared worship in addition to being a dispersed community.

The dominant theological image is to be both Salt (mixed into the wider community) and Light (illuminating the world as a gathered church). There is still much scope for growth and consolidation, but this has been a very positive development. Hope Church has its own identity and membership yet remains part of the parish and responsibility of the Vicar and PCC of St Francis Church. All church members – both Hope Church and St Francis – are equally called to be active in sharing their faith.

The launch of Hope Church to the wider estate was on Sunday 15[th] March 2020. Immediately after this, because of the pandemic, all church gatherings were closed. Plans had to be radically re-thought in very short time. Hope continued as an online worshipping community, praying and becoming disciples of Jesus. During the lockdown, St Francis and Hope Church members delivered hundreds of loads of free shopping to people across the city and especially on the new estates to bless them. This was partly paid for by church members, but much was given as “over-ripe” fresh produce supplied by a local supermarket. These deliveries continued weekly from April through to August 2020. Hope Church has bought essential, high-quality AV equipment for running services in the community centre. Grants have been made by other bodies and generous giving by church members has helped to support the evolving ministry.

Although run as a distinct worshipping community, Hope Church remains within the governance and finance structures of St Francis. There is a healthy cross-fertilization of ideas and membership between St Francis and Hope Church.

PLANS FOR FUTURE PERIODS

COVID-19 IN 2020 AND BEYOND

The unwelcome arrival of the world pandemic has changed nearly everything for nearly everyone. The church has had to adapt swiftly to a mixture of “live” and “virtual” worship and discipleship using technology that was new to many. The Church has cared for its members and the wider community through a huge number of phone calls, YouTube and Zoom services, and practical acts of assistance.

Heading towards summer we hope to be free from the final covid-19 restrictions by the end of June 2021. We continue to meet the challenges of a rapidly changing world. We are aware of our need to work collaboratively with other local churches and other agencies to address multiple challenges including: climate change, local poverty, racial injustice, health inequality and the effects of loneliness and poor mental-health, especially amongst young people.

Page 4

ST FRANCIS CHURCH, ULISBURY {11301331 ANNUALREPORTOFTIIETRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020 REVIEWOFTHE YEAR (ACHIEVEMENTS AND PERFORMANCE) v the mldthe of 2020 It became dear thJt we lèced a sign￿1(ant financlal challefi8e. Thls was a resuk ot three thin8S.' the costs of the new roof, the10s5 of rental Income through the pandemlc, and stsff hours which had Increased In recentyeafs. Followlnga successful stewdrdship campaign in Septerftber 2020, church members have generoysty promised tu Increase their 8iviJ8 and the church finances are ¢tsnsequentty in a much healthier condltlon. We belleve that God wants to bless all people and that he invStes us to be part of his plan to cherish all creation. As a local church, St Francls aims to model to our wlder cukure a betterway of living well tosetherln communFty and demon5tratin8 what.life In all Its fullness. can look like in the city of Salisbury. REVIIW OF FINAN0￿ ACTNMESAND AFFAIRS Ouraccountsfortheyear are subject to Independert Examination,. The PCC5 Independent Exarniner5 are Moore Isouthl LLP The PCC maintains a turrent account wtth the CAF BaTrk Ltd and a depostt account with the Monmovth Building k¢5ety. The total tash inthe church's bank atcounts 15 £141.63012019: £150,840). Total receipts on the general fvnd were £243,41512019: £211,313 las restatedll and are detailed in the financlal statements, and £223,15112019: £239,0641 was spernt to pro￿de the Chrlstian Mlnistry from St Franc15, includin8 Ouf contributlon to the Diocesa# costs lour'share'l whith cowersstipends, housing and pensionsforthe cleTgv. The church also received £25,76912019.. £55,4241as restatedll thSs year for the roof repalr fund whlch incurred Costsof £26,98912019:£129,7151 duringtheyear. The roofrepairwds Partfunded bytwo different loans receNed l&st year amounting to £102,000; £50,OCQ w35 a diocesan loan repayable in 5 years and £52,¢JJ) wès through interest free loan5 provided by congregation rnembers. During 2020 £5,000 had been written off as a grant from a rnember of the con8¥egatlDn and EIO,000 of the loan had been repald to a cott8re8ation member. The net resuft fortheyear on the General Fund was a surplus of £20,844 (2019.. defick £104,470 lasreststedll. The PCC conslders that 11 shou]d malntaln sum¢ieftt reserves lo cover half of a year's expected general expendlture, which woukl be about £73,000, At the year end, after the appllcation of 8eneial fund surplus as above,the Reserve Fund stood èt the required £73,LUI. The PCC will reviewthe feserves pdiry durins the coming year. On behalf of St Fran¢ls PCC: Date.. Reverend Canon lean de Garis, Vicarand PCC Chairman Page 5

ST FRANCIS CHURCH, SALISBURY (1130133)

INDEPENDENT EXAMINER’S REPORT TO THE TRUSTEES OF ST FRANCIS CHURCH, SALISBURY, PAROCHIAL CHURCH COUNCIL

I report on the accounts of the PCC of St Francis Church, Salisbury (charity number 1130133) for the year ended 2020 which comprise Statement of Financial Activities of all funds, the Balance Sheet and the related note, which can be found on pages 8 – 16 of this document.

Respective responsibilities of Trustees and Examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 of the Charities Act 2011 (“the Charities Act”) and that an independent examination is needed. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA

It is my responsibility to:

Basis of Independent Examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the Charity and a comparison of the accounts presented with those records. It also includes a consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent Examiner’s statement

In connection with my examination, no matter has come to my attention which gives me reasonable cause to believe that in any material respect the requirements:

I 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.

Robert MacDonald FCCA Moore (South) LLP Chartered Accountants 33 The Clarendon Centre Salisbury Business Park Dairy Meadow Lane Salisbury SP1 2TJ

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(This page left deliberately blankl Page 7

ST FRANCIS CHURCH, SALISBURY (1130133)

STATEMENT OF FINANCIAL ACTIVITIES 1 JANUARY 2020 TO 31 DECEMBER 2020

Total
Unrestricted Endowment Restricted This year Last year (as
restated)
(£) (£) (£) (£) (£)
Incoming resources
Incoming resources from generated
funds
Voluntary income 203,330 - 9,765 213,095 227,223
Activities for generating funds 612 - - 612 984
Investment income - - - - -
Incoming resources from charitable
activities		 31,275 - 11,004 42,279 38,102
Incoming resources from generated 68 - - 68 -
funds
Other incoming resources 4,456 - - 4,456 1,326
Other voluntary incoming resources 3,674 - 6,800 10,474 -
Total income 243,415 - 27,569 270,984 267,635
Resources used
Charitable Giving 14,958 - - 14,958 20,118
work
Activities directly related to church		 184,686 - 1,000 185,686 198,452
Church Hall 21,788 - - 21,788 11,140
administration
Church management and		 720 - 26,989 27,709 142,395
Total expenditure 222,151 - 27,989 250,140 372,105
resources before transfer
Net income / (expenditure)		 21,264 - (420) 20,844 (104,470)
Transfers
Gross transfers between funds - in - - 16,000 16,000 -
Gross transfers between funds - out (16,000) - - (16,000) -
Other recognisedgains/ losses
Net movement in funds 5,264 - 15,580 20,844 (104,470)
Reconciliation of funds
Total funds brought forward 96,925 - (75,928) 20,997 125,467
Total funds carried forward 102,189 - (60,348) 41,841 20,997

Page 8

ST FRANCIS CHURCH, SALISBURY111301331 BALANCE SHEEr 31 DECEMBER 2020 31 DECEMBER 2019 las restated) Flxed assets Tanglble assets Isee note 31 Currerrt assets Debtors (see note 51 Cash at bank and in hand 11,81)0 141630 339 153 430 151 179 Uabilitles Credlt rs- Amounts falling due in one year Isee 162,8641 183,6611 Net current assets less culrent Ilabllltles Totsl assets less currert Ilabllltle5 91,841 70,997 Long term loan (see note 71 50,000 S0,1￿) Total net assets less Ilabllltles 41,841 20,997 Represented bv: Unrestrlcted Unrestricted- General fund 33.421 12,024 Deslgnated Designated- Vicarage Repair Fund Designated- Staffing Fund Designated - Flower Fund De5ignated- Teddy Bears Fund Designated- Reserves Designated- Old Sarum Mlsslon Designated- Fabrlc Fund Deslgnated- Church Extension Fund 1.921 146,7041 422 1.921 115,3701 589 1.936 73,C 12,5811 39,990 1.936 73,CO) 13,2861 41,499 116,2171 Restrfrted Restrirted- Discretionary hardship fund Restricted- Roof repair fund Restrlrted- Soul Survivorfund 8¢XI 159,7301 1,418 173.6811 11,418 Funds ot the f hU￿h The notes on pages 8-16 form part of thesè accounts Approved by the Trustees and signed on their behalf by: Dats: 21, Af,",1 2021 Reverend Canon Jean de Garis, Vicar and PCC Chairman Mrm nables, Treasurer Page 9

ST FRANCIS CHURCH, SALISBURY (1130133)

NOTES TO THE ACCOUNTS

1 ACCOUNTING POLICIES

Charity Information

Charity name: The Parochial Church Council of the Ecclesiastical Parish of St Francis, Salisbury Charity number: 1130133

Accounting convention

The accounts (financial statements) have been prepared under the historic cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and reporting by Charities preparing their accounts in accordance with the Financial Reporting Standards applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.

In preparing the accounts, the trustees have considered whether in applying the accounting policies required by FRS 102 and the Charities SORP FRS 102 a restatement of comparative items was needed. No restatements were required.

1a Funds

The accounts include all the funds for which the PCC is legally responsible.

Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor. Unrestricted funds include funds which the trustees are free to use for any purpose in furtherance of the charitable objectives of the PCC. Unrestricted funds include designated funds where the trustees, at their discretion, have created a fund for a specific purpose.

The General Fund is an unrestricted fund, and most other funds are designated funds, with the exception of restricted funds set up in 2018 for funds raised for the forthcoming roof repair and a fund for amounts raised to support the Soul Survivor event attendance for our young people.

1b Income Recognition

All income is recognised once the PCC has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Donations are recognised when the PCC has been notified in writing of both the amount and the settlement date.

The PCC has received no legacy gifts in this accounting period.

Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the PCC, which is normally on notification of interest paid or payable by the bank involved.

1c Expenditure Recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the PCC to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accrual basis. All expenses are allocated or apportioned to the applicable expenditure headings.

Page 10

ST FRANCIS CHURCH, SALISBURY (1130133)

NOTES TO THE ACCOUNTS

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

1d Statement of Assets and Liabilities

An inventory of all fixtures, fittings and equipment is kept and reviewed each year.

The following assets are recognised but not valued in the Statement of Assets and Liabilities: - Movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for their disposal, and

1e Pensions

Employees of the PCC are enrolled in one of two pension schemes – see note 8 for details

1f Going Concern

At the time of the Trustees approving the financial statements, the trustees have a reasonable expectation that there are adequate resources to continue in operational existence for the foreseeable future, therefore, the trustees continue to adopt the going concern basis.

1g Tangible Fixed Assets

Assets are capitalised at a value over £3,000 which have a useful life of a number of years. Fixtures, fittings and equipment are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of the assets less their residual values over their useful lives on the following basis:

Fixtures, fittings and equipment – 4 to 10 years straight line

1h Interest free loans

Interest free loans were generously provided by a number of households in the congregation to assist with cashflow management for the annexe building and roof repair project.

Interest free loans have not been discounted as this is not required for Public Benefit Entities under FRS102

2 DONATIONS

Church Overseas
Child of Hope
C.M.S (Argentina project)
Diocesan Fund for the Sudan
MAF
Christian Aid		 2020
(£)
-
3,600
1,300
1,500

200


6,600		 2019
(£)
10,000
3,600
1,400
1,600

16,600

Page 11

ST FRANCIS CHURCH, SALISBURY (1130133)

NOTES TO THE ACCOUNTS

2 DONATIONS (continued)

Home Missions, Church Societies and Organisations
Bridge Project
Salisbury Foodbank
Street Pastors
The Bible Society
New Wine Trust
Trussell Trust
Salisbury Trust for the Homeless
Wiltshire Historical Churches Trust
Alabare
The Children’s Society
Urban Saints
Other Donations
Salisbury Women’s Refuge		 4,080
700
1,200
200
-
-
200
-
275
200

249


7,104

500

500		 3,095
-
1,300
250
543
750
200
330
250

6,718

500

500

The donations to Child of Hope relate to the church’s tithe of annexe project income.

3 OTHER ASSETS

Solar panels were installed on the south aisle roof in November 2011 and appear at cost (£12,750). They are being depreciated over 10 years starting in 2012.

A photocopier was purchased during 2012 for £4,315. This is being depreciated on a straight line basis over 4 years and the value is now zero.

New projectors for the church were purchased during 2017 at a cost of £3,714 and are being depreciated on a straight line basis over 4 years.

COST
Brought forward at 1 January 2020
Additions in year
Carried forward at 31 December 2020
DEPRECIATION
Brought forward at 1 January 2020
Charge for year (straight line basis)
Carried forward at 31 December 2020
NET BOOK VALUE
At 31 December 2020
At 31 December 2019		 Fixtures, fittings
and equipment
Total
(£)
(£)
20,779
20,779
-
-
20,779
20,779
17,300
17,300
2,203
2,203
19,504
19,504
1,275
1,275
3,479
3,479

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ST FRANCIS CHURCH, SALISBURY (1130133)

NOTES TO THE ACCOUNTS

4 CHURCH HALL

The Church Hall, which was built on church land in 1957, is of a specialist nature and the PCC considers that it is not appropriate to apply a modern value to the property.

5 DEBTORS

Gift Aid Tax Recoverable
Guide rent
6
CREDITORS
Others
Interest free loan – Church Extension
Interest free loans – Roof Repair
7
CREDITORS DUE AFTER ONE YEAR
Diocesan Interest free loan – Roof Repair		 2020
(£)
11,800

-

11,800
2020
(£)
2,864
23,000
37,000
62,864
2020
(£)
50,000
50,000		 2019
(£) (as restated)
-

339

339
2019
(£) (as restated)
8,661
23,000

52,000

83,661
2019
(£) (as restated)

50,000

50,000

In 2019 £50,000 was provided by the Diocese as an interest free loan repayable in 2024 in full.

Page 13

ST FRANCIS CHURCH, SALISBURY (1130133)

NOTES TO THE ACCOUNTS

8 PENSIONS

St Francis PCC participates in the Pension Builder Scheme section of Church Workers Pension Fund for three members of its lay staff; other eligible lay staff are enrolled in the Government’s NEST pension scheme.

The Pension Builder 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 Church Workers Pension Fund 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 to 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 considered to be 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: £4,092, 2019: £3,785)

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, St Francis PCC could become responsible for paying a share of that employer’s pension liabilities.

Page 14

ST FRANCIS CHURCH, SALISBURY (1130133)

NOTES TO THE ACCOUNTS

9 RELATED PARTY TRANSACTIONS

All Trustees give freely of their time and expertise without any form of remuneration or other benefit in cash or kind, and have claimed no expenses.

Any work done by families or associates of Trustees is paid for at market rates against invoices.

Donations were made to the following organisations with links to the following trustees:

Decisions about donations made are proposed by a mission committee and approved by the PCC as a whole.

10 STAFF COSTS

Salaries and wages
Social security costs
Pension costs (defined contribution scheme)
Other employee benefits		 2020
(£)
86,199
2,861
4,092

-

93,152		 2019
(£)
82,418
2,251
3,785

-

88,454

No employee received remuneration amounting to £60,000 or more during either year.

There were job retention scheme grants received amounting to £14,817 during the year claimed for furloughed employees.

The average number of persons employed by the charity during the year was 5 (2019: 5).

11 FUND MOVEMENT SUMMARY

FUND AT 1 INCOMING OUTGOING TRANSFERS GAINS AT 31
JANUARY RESOURCES RESOURCES AND DECEMBER
2020(as LOSSES 2020
restated)
Unrestricted
General fund 12,024 189,777 153,209 (15,171) - 33,421
Designated
Staffing fund (15,370) 31,122 62,456 - - (46,704)
Old Sarum Mission fund (3,286) 5,500 4,795 - - (2,581)
Fabric fund 41,499 - 1,509 - - 39,990
Church Extension fund (16,217) 17,001 - - - 784
Vicarage Repair fund 1,921 - - - - 1,921
Flower fund 589 15 182 - - 422
Teddy Bears fund 1,936 - - - - 1,936
Reserves 73,000 - - - - 73,000
Restricted
Discretionary Hardship - 1,800 1,000 - - 800
Fund
Roof repair fund (73,681) 25,769 26,989 15,171 - (59,730)
Soul Survivor (1,418) - - - - (1,418)

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ST FRANCIS CHURCH, SALISBURY (1130133)

NOTES TO THE ACCOUNTS

DESIGNATED FUND PURPOSES

Staffing fund Previously Children’s and Family Worker fund. To support staff posts at the
church engaged in work withyouth,children or worship
Old Sarum Mission fund To support the work at the residential area of Old Sarum, now within the parish
boundaries of St Francis.
Fabric fund For repairs and upkeepof the church site and its buildings
Church Extension fund For the buildingof an annex to the church alongthe Beatrice Road side
Vicarage Repair fund For repairs and upkeepof the vicarage
Flower fund For flowers and floristryequipment used at the church site
TeddyBears fund For the TeddyBearsparent and childgroup
Vicar’s Computer fund For repairs to or replacement of the vicar’s computer and associated
equipment
Reserves General reserves

RESTRICTED FUND PURPOSES

Roof repair fund For the repair of the roof at St Francis Church,Salisbury
Soul Survivor fund For the costs of the Soul Survivor event foryoung people
Discretionary Hardship
Fund		 To support specific hardship requests from within the St Francis and Hope
Church community

12 PRIOR YEAR RESTATEMENT

£
Unrestricted general funds per signed financial statements as at 31 December 2019 26,072
Removal of duplicated December 2019 gift aid receipt (1) (14,046)
Restated unrestricted general funds as at 31 December 2019 12,024
Restricted roof repair fund per signed financial statements as at 31 December 2019 28,319
Removal of loan recognised as income from diocesan and church members (2) (102,000)
Restated restricted roof repair as at 31 December 2019 (73,681)

Notes to restatement

Note 1

It was identified an accrued income provision had been incorrectly provided during the 31 December 2019 financial statements, this has been amended through a prior year restatement to amend the unrestricted general funds which were overstated by £14,046.

Note 2

It was identified that interest free loans were received in 2019 from the Diocesan and the church members which had incorrectly been recognised as income. This has been amended through a prior year restatement to recognise the receipt as loan repayable back to the Diocese and members which reduced the restricted roof repair fund by £102,000. The fund is currently in a deficit to reflect the fact that the loans are repayable from that fund.

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