The Parochial Church Council of the Ecclesiastical Parish of Cartmel
Registration number: 1130275
Annual Report and Financial Statements
31 December 2020
The Parochial Church Council of the Ecclesiastical Parish of Cartmel Contents
| Reference and Administrative Details | 1 |
|---|---|
| Trustees' report | 2 |
| Trustees' responsibilities | 3 |
| Independent examiner's report | 4 |
| Statement of financial activities | 5 |
| Balance sheet | 6 |
| Notes to the financial statements | 7 |
The Parochial Church Council of the Ecclesiastical Parish of Cartmel Reference and Administrative Details
| Charity name | The Parochial Church Council of the Ecclesiastical Parish of | The Parochial Church Council of the Ecclesiastical Parish of |
|---|---|---|
| Cartmel | ||
| Charity registration number | 1130275 | |
| Principal office | The Rivelin | |
| Lindale | ||
| GRANGE OVER | SANDS | |
| LA11 6LJ | ||
| Registered office | The Rivelin | |
| Lindale | ||
| GRANGE OVER | SANDS | |
| LA11 6LJ | ||
| Trustees | N Devenish | Chairman |
| Dr R Baxter | ||
| D Hugget | ||
| J Iveson | ||
| D Wallace | (resigned 16/09/2020) | |
| J Johnson | ||
| J Finch | (resigned 14/10/2020) | |
| E J Lucas | ||
| S McCleery | ||
| D Vaughan | (resigned 14/10/2020) | |
| P Foulerton | ||
| M Booth | ||
| D Maguire | ||
| J Bertlin | ||
| T Pemberton | (appointed 14/10/20) | |
| V Richardson | (appointed 14/10/20) | |
| H Bailey | (appointed 14/10/20) | |
| A O’Donoghue | (appointed 14/10/20) | |
| Accountant | Dodd & Co Limited | |
| FIFTEEN Rosehill | ||
| Montgomery Way | ||
| Rosehill Estate | ||
| CARLISLE | ||
| CA1 2RW |
Page 1
Thè Parochl81 Church Councll of the E¢Cla$ll¢l Parish of Cartmel Trustees. Annual Report lor the Year Ended 31 December 2020 StrucluN Go%rnanca and Ilawemurt The Charfty's govgmkvJ dotsjmani is the Par0th1 Church CiwJnL¥I Powers IAeaue119561 ar¥J thè Church Rw88entaln Rules. dntmgnt of Trustaes O nmthn The Trust88¥, Tll8¢t forrn8ty on sevwal Oc8r thJriry the year. adrrllnister the affwrs ol the Cfiity. NèvAy 8ppoint8d Trust885 are gNen inducuon trthNJ fitst apwnted and Tn are ongoiryj trwnlng as appTopriat&. The Trustegs have assessed the mah risks to the Charity TS exp)sed. in ptrlarthI)s+ relating to OFera1Jw and finanees ol tha Churth. and ara salisfiéd that systems are In a¢a to rritigat8lhe eyp)sur8 to thg rnaior risks. The prime obJ'e¢tvg of th¢ Ch8rity i8 the promotion In the ecdesuaStsc parish of th8 Miss of th8 ChUh. The Charity mgt these objethes during the year by widing $ems for parish and prorTh)bng access to the Prfory. In iJetem)Inlng these rkniecbves acbviltts the Tru5t888 have wd due regard to the Comrnission gui¢£anc& on pubAc berliti Cov119 The outbak of Com18 In the earty months o12tr20 wsed a s, p(6siNyeatayircphlc rlsk to Prfory Churc Ilnancas. With chUh do¥ure there We C¥yregatiOTr oathorings or Priory v110[. &1 Sour of income githgr ceasod )mpletely or very&giylKanty dWete(S. Paym)t fore5sential Churth overhea¢ts ol circa £9.OOOlrnonth was the thlenge to be faced. A PCC appe to Canrnd PrioryTTUSt Fund to expbTe the posyboty ol hdp. in yJ¢h unandcipated and extraordinary uioJrnstanc8s. 18d lo a dause of'hP in in ts Trust activaied afj ]mnjIa1e he> being offered. a th)rt perk)d duriNJ 1he SLrnmer and earty aurnn [Dito bwne pos8bie ith a COMMsuTate Sm1 fbw of Incomg. but h soon to bg hatted In Octob8r, a suee8ssful apation made to the Govemrnrts CUthJ & H&itsge RVery FuThJ. operated through the Nationd tthery. A svJnificanl GranL COgnIn9 Cartrnd Priory as a Herttagè t¥trO Ktrthy ¢f National $uppg¢ wys So1¢d for thè 6 months trorn October2020 to March 2021. We hoFe Most that ty then Churth will agn be operational with $itor$ relurnlng, dlowing the firAncid LtUre to irnprove. 60% ofiurch income Ls i*rfvgd dthor dlrecty or Ind1¢ from those visit the Churth from oude of the Flnanelal R18 The n¥t as8ets of the PCC hav8 irvease by m.134 thk8 year At tho year , the Charily hatl free reswos of £103.146 th15 15"ts)n5bJerwJ tots an approwg of reseN. by the Tru on kn Wdngd on th•tr bdAif by: The Revgrend NidK DeVenI Twstee P&Je 2
The Parochial Church Council of the Ecclesiastical Parish of Cartmel Trustees' Responsibilities in relation to the Financial Statements
The trustees are responsible for preparing the Trustees' Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:
select suitable accounting policies and then apply them consistently;
-
observe the methods and principles in the Charities SORP;
-
make judgements and estimates that are reasonable and prudent;
-
state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed. They are responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Page 3
Independenl Examlnerfs Aeport lo the Trustees of The Parochlal Church Council of the Eccleslastl¢al Parlsh ol Cartrn•l I r8P)rt on the an[S ol the TnL81 lor the year 31 Demtw >J20, ar• sth on pages S io 12 YDUT aitentKJn 15 10 drnwn io the lact thal thè Chayty h85 wepar•J ts finarThl statemerts in actorfance ilh Acojunbng and Re[tir by Charilies prewiThJ thew anIS in accordarKe wilh the Financ1 f4¢w)rD"r¥J Stantsrd in the UK Reputs4 ol kelaThJ IFRS 1021 m wel•re to the N£counlrrwJ aTrJ Aep)rtff#J by ChariDe5'. Stsiemerst ol Recommended Pra¢tK issued on 1 Awl 2rS is referred lo in Ihe extant regulatsons Ixrt has SI been withdrawn. We undw5tarnl Ihai this has en tlone in orfer lor Ihe aftnts to WOVk1e a true arrtl lalr in orae with Gèner Accepted AcccyJnliNJ PractKe effecb.ve for re'rj periods teginning on or aller 1 January 2015. Re8pe¢Uw responslbllllles of trustees and •x•mbwr The trustee5 arè lor the preparaipjn ol Iht acrounts. The tNstees cons#Jer that an audrt is not rUired lor Ihi8 ypar undewtion 144121 ol ihe Chan"ts"es Act 2011llht 2011 Adl aThJ thal an irn1OFerK1èni examinalion nogd8d. 11 Ls re5Fon5ibilty to: examine the ac£ounts urJeectTh 145 01 the 2011 Act: lollcMT thè prc(luws lail down in the cThe Directhy given by Ihe Charity Cofflrnisslon ursli0n 145151 Ibl ol the 2011 Act: arKI stale tAlr partuAar n4tter5 have lo my atten1. My examthatbjn was caThi&J rKrt in acwrdance TAith Ihè Gener DinS gNen by the Chanty cornm15sn. An exarninabon indudes a revi ol Ihè aeeounb.ng records by the charity aThd a o)rnparison ol tho atrounts ed vthh those records. 11 a150 inctwJ8s C0nderan of any unusual rterns ordLsdosurns the acwunts. and seekj.ng explanations from you as truse9 concemiro any such fflatters. The Vocedu uThJeriaken do r ovido Ihe ev#lence that wouky rg]uired in an cor$uenIIY no OF4n)n is gNOn as 10 thelher the accounts present a Irue and lair aThJ the rewjrt is liffltted lo those Matte Sel wt in Ihe slalement below. Indopend•nt •xmlnèrfs statement In nneCtrOn with my exination. no matter ha5 c4yn¢ to my attenlM: gwes me rea50nth cause 10 be[e thal any material re5pEcI ts ueMents. . lo keep aCwjnbJ rId$ lIh tion 130 01 the Acl,. aThJ rgquiremenls ol the 2011 Acl have been m6t: to whKh. in rny opmnion, attention Shr10 Ix In Lvdertyj enable a uTrJerstarylirMJ ol the accounts o bg r¢a¢hed. Martln S Wart1 FCA D£Jd & Co Limitèd Charter&J Nttounlants FIFfEEN Ros¥hlll Monwomery Way B059hiU ESe CAALISLE CA1 2RW Dale..
PAROCHIAL CHURCH COUNCIL OF CARTMEL, CUMBRIA STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2020
| Note INCOME FROM: Donations and legacies 2( a ) Charitable activities 2( b ) Other income 2( c ) Investments 2( d ) TOTAL EXPENDITURE ON: Raising funds 3( a ) Charitable activities 3( b ) Other expenses 3( c ) TOTAL Gain / (Loss) on investment assets: NET INCOME/(EXPENDITURE) BALANCES B/FWD 1 JANUARY BALANCES C/FWD 31 DECEMBER |
Unrestricted Restricted funds funds 2020 2019 £ £ £ £ 124,567 76,671 201,238 195,663 589 - 589 2,212 2,203 - 2,203 11,033 791 - 791 517 TOTAL FUNDS |
|---|---|
| 128,150 76,671 204,821 209,425 |
|
| 509 - 509 663 80,944 37,574 118,518 206,182 13,356 - 13,356 15,410 |
|
| 94,808 37,574 132,382 222,255 |
|
| 695 - 695 1,592 |
|
| 34,037 39,097 73,134 (11,238) 88,580 32,670 121,250 132,488 |
|
| 122,617 71,767 194,384 121,250 |
The notes on pages 7-13 form part of the accounts.
Page 5
PAROCHIAL CHURCH COUNCIL OF CARTMEL, CUMBRIA BALANCE SHEET At 31 December 2020 N¢Xe 2020 2019 FIXED AssErs Tanglble Investment Irwestmgnt in subsithary 51a> 51bl Slcl 8,673 10.797 17,764 10,102 19,471 27,867 CURRETrif ASSETS Debtors Cash at bank and in hand 61.784 120.815 52,014 50,646 182.598 102.660 LIABILITIES Credltors - amounts falllro due in on& year 9.277 Net ¢urrnnt assèts l {liabilitiBs) 174,913 93,383 TOTAL NEf ASSETS 194,384 121,250 PARISH FUNDS Unrestrkted Restrfcted 10 10 122.617 71.767 32,670 194.384 121,250 Approved by the Parochial Churth Counril on R Baxter Trustee Trustee The notes on pages 7-13 f(Km part of th& accounts. Page 6
PAROCHIAL CHURCH COUNCIL OF CARTMEL, CUMBRIA NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020
1. Accounting policies
Statement of compliance
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).
Basis of preparation
The charity meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy
Fund accounting policy
Unrestricted income funds are general funds that are available for use at the trustees' discretion in futherance of the objectives of the charity.
Restricted funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.
Going concern
These financial statements have been prepared on a going concern basis.
Income
Donations are recognised where there is entitlement, receipt is probable and the amount can be measured with sufficient reliability.
Where services are provided to the charity as a donation that would normally be purchased from our suppliers, this contribution is included in the financial statements at an estimate based on the value of the contribution to the charity where this can be quantified.
The value of services provided by volunteers is not incoporated into these financial statements. Further details of the contribution made by volunteers can be found in the Trustee's Annual Report.
Income from tax reclaims are included in the statement of financial activities at the same time as the gift to which they relate.
Income derived from events is recognised as earned (that is, as the related goods or services are provided).
Investment income is recognised on a receivable basis.
Income from charitable activities includes income recognised as earned (as the related goods or services are provided) under contract.
Expenditure
Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to the expenditure. All expenditure is accounted for on an accruals basis and has been classified under costs of trading for fundraising purposes.
Raising funds expenditure compromise the costs associated with attracting voluntary income and the costs of trading for fundraising purposes.
Charitable activities expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.
Page 7
PAROCHIAL CHURCH COUNCIL OF CARTMEL, CUMBRIA NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020
Support costs
Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.
Fixed assets
Consecrated and benefice property is not included in the accounts in accordance with s.10(2)a) of the Charities Act 2011.
Individual assets costing £1,000 or more are initially recorded at cost.
Depreciation
Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:
Fixtures, fittings and equipment 4 years straight line basis
Cash and Cash Equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Investments
Fixed asset investments are included at fair value at the balance sheet date.
Realised gains and losses on investments are calculated as the difference between sales proceeds and their fair value at the start of the year, or their subsequent cost, and are charged or credited to the statement of the financial activities in the period of disposal.
Unrealised gains and losses represent the movement in fair values during the year and are credited or charged to the statement of financial activities based on the fair value at the year end.
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PAROCHIAL CHURCH COUNCIL OF CARTMEL, CUMBRIA NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020
2. INCOME FROM :
| (a) Donations and legacies Boxes Donations Special COVID donation from Trust Fund Donation from Church Shop Legacies Grants Donorpoint giving Planned giving Collections Pricket stand Gift aid envelopes Gift aid tax recovered |
������������ ���������� TOTAL FUNDS TOTAL FUNDS ����� ����� 2020 2019 £ £ £ £ 6,140 - 6,140 20,446 3,459 5,291 8,750 94,310 82,000 82,000 - - - - 13,650 - 5,000 5,000 1,000 - 66,380 66,380 - 1,641 - 1,641 4,210 23,810 - 23,810 25,483 432 - 432 6,967 1,826 - 1,826 5,904 3,260 - 3,260 13,708 2,000 - 2,000 9,985 |
|---|---|
| 124,567 76,671 201,238 195,663 |
Of the £195,663 received in 2019, £80,876 of donations were restricted and £114,787 were unrestricted.
(b) Charitable activities
Fundraising:
| Coffee/social activities | - | - | - | 95 |
|---|---|---|---|---|
| Guided tours | 589 | - | 589 | 2,117 |
| 589 | - | 589 | 2,212 | |
| Of the £2,212 received in 2019, £nil related to restricted funds | and £2,212 related to | |||
| unrestricted funds. | ||||
| (c) Other income | ||||
| Fees | 1,483 | - | 1,483 | 3,764 |
| Concerts | 720 | - | 720 | 7,169 |
| Parish Magazine | - | - | - | 100 |
| Misc income | - | - | - | - |
| 2,203 | - | 2,203 | 11,033 |
Of the £11,033 received in 2019, £nil related to restricted funds and £11,033 related to unrestricted funds.
| (d) Investments Dividends and interest |
791 - 791 517 |
|---|---|
| 791 - 791 517 |
Of the £517 received in 2019, £nil related to restricted funds and £517 related to unrestricted funds.
TOTAL INCOMING RESOURCES 128,150 76,671 204,821 209,425
Page 9
PAROCHIAL CHURCH COUNCIL OF CARTMEL, CUMBRIA NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020
| 3. EXPENDITURE ON : (a) Raising funds Gift aid envelopes & stationery Donorpoint |
Unrestricted Restricted TOTAL FUNDS TOTAL FUNDS funds funds 2020 2019 £ £ £ £ - - - 146 509 - 509 517 |
|---|---|
| 509 - 509 663 |
Of the £663 expenditure in 2019, all related to unrestricted funds.
| Missionary and charitable giving Overseas UK missions & church societies Secular local charities Tithing overstated in 2018 Ministry: Diocesan Parish Offering Other ministry costs Clergy & secretarial Caretaker salary/exps/PAYE/NI Church running & routine maintenance Non-routine maintenance Churchyard upkeep Heat/light/water costs Insurance Organ costs Publicity/website Organist fees Upkeep of services Wedding and funeral expenses Sundry costs Bank charges Education & training Printing, stationery & postage Parish magazine Concerts Restricted Fund costs |
- - - 600 - - - 100 (250) - (250) 1,100 - - - (2,443) 47,250 15,750 63,000 60,000 1,343 - 1,343 2,230 2,762 3,012 5,774 7,111 3,456 3,081 6,537 5,907 44 2,886 2,930 4,829 2,684 5,291 7,975 80,876 1,275 783 2,058 2,156 6,097 1,584 7,681 10,497 5,186 2,088 7,274 7,087 - - - 266 118 118 426 3,749 1,251 5,000 5,695 - 275 275 631 231 - 231 568 4,981 622 5,603 910 88 - 88 168 - - - 445 1,346 951 2,297 3,669 583 - 583 3,094 - - - 9,257 - - - 1,002 |
|---|---|
| 80,944 37,574 118,518 206,182 |
Of the £206,182 expenditure on charitable activities in 2019, £82,304 was charged to restricted funds and £123,878 was charged to unrestricted funds.
(c) Other expenses
| Accountancy fees Depreciation TOTAL RESOURCES EXPENDED |
4,265 - 4,265 5,941 9,091 - 9,091 9,469 |
|---|---|
| 13,356 - 13,356 15,410 |
|
| 94,808 37,574 132,382 222,255 |
Of the £15,410 other expenditure in 2019, all related to unrestricted funds.
Page 10
PAROCHIAL CHURCH COUNCIL OF CARTMEL, CUMBRIA NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 December 2020
4a. STAFF COSTS
| 4a. STAFF COSTS Wages and salaries Social security costs Pension costs No employee received emoluments of more than £60,000 during the year (2019 - No. 0) The average number of persons employed by the charity during the year was as follows: Charitable activities |
2020 2019 £ £ 6,537 5,758 - - 172 149 |
|---|---|
| 6,709 5,907 |
|
| 2020 2019 No. No. 2 2 |
Charitable activities
4b. PAYMENTS TO PCC MEMBERS
Expenses of £105 were paid to trustees in the year. There no other payments to any PCC member, persons connected to them or related parties.
5. FIXED ASSETS FOR USE BY THE PCC
| (a) Tangible ACTUAL/DEEMED COST At 1 January 2020 Additions At 31 December 2020 DEPRECIATION At 1 January 2020 Charge for year At 31 December 2020 NET BOOK VALUE At 31 December 2020 At 31 December 2019 (b) Investments Fair value 1 January 2020 Revaluation gain Fair value 31 December 2020 |
Equipment £ 42,357 - |
|---|---|
| 42,357 | |
| 24,593 9,091 |
|
| 33,684 | |
| 8,673 | |
| 17,764 | |
| £ 10,102 695 |
|
| 10,797 |
(c) Investment in subsidiary
The charity holds more than 20% of the share capital of the following company:
Country of Principal Subsidiary undertakings incorporation activity Class % Cartmel Priory Shop Limited United Kingdom Priory shop Ordinary 100 Capital & Profit/(loss) for the reserves period £ £ 1 6. OPERATING LEASE COMMITMENTS Future minimum lease payments 2020 2019 £ £ Not later than one year 1,063 1,170 - Later than one year and not later than five years 1,063 Total 2,126 1,170
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PAROCHIAL CHURCH COUNCIL OF CARTMEL, CUMBRIA NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 December 2020
7. DEBTORS
| 7. DEBTORS Trade debtors Due from Cartmel Priory Shop Ltd 8. CREDITORS Amounts falling due in one year Trade creditors Accruals |
2020 2019 £ £ 5,750 4,619 56,034 47,395 |
| 61,784 52,014 |
|
| 2020 2019 £ £ 5,592 7,305 2,093 1,972 |
|
| 7,685 9,277 |
9. FUND DETAILS
Restricted funds
| Refurb & development Misc restricted Vigarage fund Flower fund Young parishioners Publicity & website Heritage Grant Macbeth Grant David Hampson Legacy Comparative restricted funds Refurb & development Misc restricted Vigarage fund Flower fund Young parishioners Publicity & website |
Balance at 1 January 2020 Incoming resources Resources expended Transfers Total restricted £ £ £ £ £ 1,400 5,291 (5,291) - 1,400 4,939 - - - 4,939 230 - - - 230 2,003 - - - 2,003 14,711 - - - 14,711 9,387 - - - 9,387 - 62,280 (32,283) - 29,997 - 4,100 - - 4,100 5,000 5,000 |
|---|---|
| 32,670 76,671 (37,574) - 71,767 |
|
| Balance at 1 January 2019 Incoming resources Resources expended Transfers Total restricted £ £ £ £ £ 1,400 80,876 (80,876) - 1,400 4,939 - - - 4,939 230 - - - 230 3,005 - (1,002) - 2,003 14,711 - - - 14,711 9,813 - (426) - 9,387 |
|
| 34,098 80,876 (82,304) - 32,670 |
Refurb & Development - this fund is used to pay for any major refurbishments to the Priory.
Page 12
PAROCHIAL CHURCH COUNCIL OF CARTMEL, CUMBRIA NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 December 2020
10. NET ASSETS BY FUND
| 10. NET ASSETS BY FUND | |
|---|---|
| Fixed Assets Current Assets Creditors due within one year Comparative net assets by fund Fixed Assets Current Assets Creditors due within one year |
Restricted funds Unrestricted funds Total funds £ £ £ - 19,471 19,471 71,767 110,831 182,598 - (7,685) (7,685) |
| 71,767 122,617 194,384 |
|
| Restricted funds Unrestricted funds Total funds £ £ £ 35,744 35,744 34,098 74,241 108,339 - (11,595) (11,595) |
|
| 34,098 98,390 132,488 |
11. CARTMEL PRIORY CHURCH SHOP LTD
From 6 January 2016 Cartmel Priory Church Shop Ltd was set up as a wholly owned trading subsidiary of the PCC of Cartmel.
12. RELATED PARTY TRANSACTIONS
During the year a donation of £Nil (2019 £13,650) was received from Cartmel Priory Church Shop Ltd and recharges totalling £8512 (2019 £8,649) were made to the company from the charity.
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