# **The Parochial Church Council of the Ecclesiastical Parish of Cartmel**
**Registration number: 1130275**
**Annual Report and Financial Statements**
**31 December 2021**
## **The Parochial Church Council of the Ecclesiastical Parish of Cartmel Contents**
|Reference and Administrative Details|1|
|---|---|
|Trustees' report|2|
|Trustees' responsibilities|4|
|Independent examiner's report|5|
|Statement of financial activities|6|
|Balance sheet|7|
|Notes to the financial statements|8|
## **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 Vicarage||
||Priest Lane||
||Cartmel||
||GRANGE-OVER-SANDS||
||LA11 6PU||
|**Registered office**|The Vicarage||
||Priest Lane||
||Cartmel||
||GRANGE-OVER-SANDS||
||LA11 6PU||
|**Trustees**|N Devenish|Chairman|
||Dr R Baxter|(Retired - 02/09/2021)|
||D Hugget||
||J Iveson||
||J Johnson||
||E J Lucas||
||S McCleery||
||P Foulerton||
||M Booth||
||D Maguire||
||J Bertlin||
||T Pemberton||
||V Richardson||
||H Bailey||
||A O’Donoghue||
||J Robinson||
||F Smith|(Appointed 02/09/2021)|
|**Accountant**|Dodd & Co Limited||
||FIFTEEN Rosehill||
||Montgomery Way||
||Rosehill Estate||
||CARLISLE||
||CA1 2RW||
Page 1
## **The Parochial Church Council of the Ecclesiastical Parish of Cartmel Trustees' Annual Report for the Year Ended 31 December 2021**
## **Structure, Governance and Management**
## Governing Document
The Charity’s governing document is the Parochial Church Council Powers Measure (1956) and the Church Representation Rules **.**
## Appointment of Trustees, and Organisational and Decision Making Policy
The Trustees, who meet formally on several occasions during the year, administer the affairs of the Charity. Newly appointed Trustees are given induction training when first appointed and all Trustees are offered ongoing training as appropriate.
## Risk Policy
The Trustees have assessed the major risks to which the Charity is exposed, in particular those relating to operations and finances of the Church, and are satisfied that systems are in place to mitigate their exposure to the major risks.
## **Objectives and Activities**
The prime objective of the Charity is the promotion in the ecclesiastical parish of the whole mission of the Church.
The Charity met these objectives during the year by providing services for the parish and promoting access to the Priory. In determining these objectives and activities the Trustees have paid due regard to the Charity Commission guidance on public benefit.
## **Achievements and Performance**
2021 began in lockdown with the Priory Church closed, as COVID 19 continued to prevent any return to normality. The celebration of Easter on April 4th heralded its reopening; and April 12th brought opening to the general public.
(COVID safety measures required that any opening hours would need diligent stewarding; the volunteer demographic had restricted sufficient availability for any earlier opening).
However, there was a slow but steady return of regional visitors as restrictions were moderated, stewarding numbers increased - allowing longer opening hours - and thankfully this led to a very welcome small inflow of visitor income.
Opportunities had been identified to utilise digital platforms to sustain the mission of the Church to the Parish, and extend its reach much further afield, and these were gradually being exploited as increased expertise and extra equipment allowed. COVID circumstances have inspired the nascent growth of a hybrid approach to Mission, using Facebook and YouTube offers, alongside development of other Social Media platforms; Instagram and Tik-Tok.
An on-line weekday evening service of Compline (Night prayer) has established a regular ‘congregation’.
Digital engagement with the local schools has been a vital element in their support both in education, well-being and Governance. Website development is enabling promotion of the Priory’s activities, whilst exploiting the Heritage value of the Grade 1 listed Priory building. Accomplishing the transfer to video of the Virtual Reality experience through scoping of an Augmented Reality project involving William Marshal is an ongoing project.
The total denial of visitors or any revenue raising activities during the first three months of 2021 left the Priory dependent on the Government’s Culture Recovery Fund for Heritage Grant (CRFH— £69,200 awarded October 2020) to sustain its everyday needs.
An application for a 2nd Round CRFH grant, to cover similar needs from April 1st to June 30th and to provide a basis for future sustainability, was successfully made resulting in a further award of £39,500.
The return of regional visitors remained slow as restrictions were gradually eased. At the end of June the Priory became the venue for a “Face 2 Face exhibition” in support of Kendal’s ‘The Lighthouse’, the Community Mental Health Hub. This proved very popular with local & regional visitors and the shop was the beneficiary of the considerable increase in visitor numbers. (The exhibition ran for an extra 6 weeks beyond its published closure date). The hard work of all volunteers and staff has allowed ‘shop performance’ to match contributions to Priory finances in previous ‘best years’ - and this after being fully operational for only around 6 months during 2021. A noteworthy achievement!
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
- 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 4
## **Independent Examiner's Report to the Trustees of**
## **The Parochial Church Council of the Ecclesiastical Parish of Cartmel**
I report on the accounts of the Trust for the year ended 31 December 2021, which are set out on pages 5 to 12.
Your attention is to drawn to the fact that the Charity has prepared the financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.
We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
## **Respective responsibilities of trustees and examiner**
The trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year undersection 144(2) of the Charities Act 2011(the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
- examine the accounts undersection 145 of the 2011 Act;
- follow the procedures laid down in the General Directions given by the Charity Commission undersection 145 (5) (b) of the 2011 Act; and
- state whether particular matters have come to my attention.
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 consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as 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:
- (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 130 of the Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
.........................................
Martin S Ward FCA
Dodd & Co Limited
Chartered Accountants FIFTEEN Rosehill Montgomery Way Rosehill Estate CARLISLE CA1 2RW
> Date: 16 March 2022
Page 5
## PAROCHIAL CHURCH COUNCIL OF CARTMEL, CUMBRIA **STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2021**
|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
2021
2020
£
£
£
£
73,737
70,723
144,460
201,238
-
-
-
589
10,804
-
10,804
2,203
331
-
331
791
TOTAL FUNDS|
|---|---|
||84,872
70,723
155,595
204,821|
||1,662
-
1,662
509
51,337
100,864
152,201
118,518
11,374
-
11,374
13,356|
||64,372
100,864
165,236
132,382|
||1,537
-
1,537
695|
||22,036
(30,141)
(8,105)
73,134
122,617
71,767
194,384
121,250|
||144,653
41,626
186,279
194,384|
The notes on pages 8-14 form part of the accounts.
Page 6
PAR(HlAL CHURCH COUNCIL OF CARTMEU CUMBRIA
5{a)
S¢bl
514
S.7&5
11334
I797
18.1
19.471
).162
117AX•
61.784
177,4*.
1•2398
I159
13
I219
194.J84
io
10
144.
41.628
121617
71.767
IlJ62
194A4
## PAROCHIAL CHURCH COUNCIL OF CARTMEL, CUMBRIA **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021**
## **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 notes.
## **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 8
## PAROCHIAL CHURCH COUNCIL OF CARTMEL, CUMBRIA **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021**
## **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.
Page 9
## PAROCHIAL CHURCH COUNCIL OF CARTMEL, CUMBRIA **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021**
## **2. INCOME FROM :**
|**(a) Donations and legacies**
Boxes
Donations
Donations from Trust Fund
Donation from Church shop
Special COVID donation from Trust Fund
Legacies
Grants
Donorpoint giving
Planned giving
Collections
Pricket stand
Gift aid envelopes
Gift aid tax recovered|������������
����������
TOTAL
FUNDS
TOTAL
FUNDS
�����
�����
2021
2020
£
£
£
£
12,912
-
12,912
6,140
3,460
-
3,460
8,750
-
24,303
24,303
-
2,398
-
2,398
-
-
-
-
82,000
-
-
-
5,000
-
46,420
46,420
66,380
2,943
-
2,943
1,641
23,351
-
23,351
23,810
-
-
-
432
3,792
-
3,792
1,826
3,605
-
3,605
3,260
21,276
-
21,276
2,000|
|---|---|
||73,737
70,723
144,460
201,238|
Of the £201,238 received in 2020, £76,671 of donations were restricted and £124,567 were unrestricted.
|**(b) Charitable activities**
Fundraising:
Guided tours|-
-
-
589|
|---|---|
||-
-
-
589|
Of the £589 received in 2020, £nil related to restricted funds and £589 related to unrestricted funds.
|**(c) Other income**
Fees
Concerts
Misc income|4,359
-
4,359
1,483
982
-
982
720
5,462
-
5,462
-|
|---|---|
||10,804
-
10,804
2,203|
Of the £2,203 received in 2020, £nil related to restricted funds and £2,203 related to unrestricted funds.
|**(d) Investments**
Dividends and interest|331
-
331
791|
|---|---|
||331
-
331
791|
Of the £791 received in 2020, £nil related to restricted funds and £791 related to unrestricted funds.
**TOTAL INCOMING RESOURCES** 84,872 70,723 155,595 204,821
Page 10
## PAROCHIAL CHURCH COUNCIL OF CARTMEL, CUMBRIA **NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021**
|**3. EXPENDITURE ON :**
**(a) Raising funds**
Donorpoint|Unrestricted
Restricted
TOTAL
FUNDS
TOTAL
FUNDS
funds
funds
2021
2020
£
£
£
£
1,662
-
1,662
509|
|---|---|
||1,662
-
1,662
509|
All of the £509 expenditure on raising funds in 2020 related to unrestricted funds.
|Missionary and charitable giving
Secular local charities
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|-
-
-
(250)
22,404
41,510
63,914
63,000
1,538
-
1,538
1,343
4,714
5,570
10,284
5,774
-
5,831
5,831
6,537
1,877
5,337
7,214
2,930
198
24,303
24,501
7,975
-
971
971
2,058
7,887
2,929
10,816
7,681
3,578
3,861
7,439
7,274
901
-
901
-
1,343
3,770
5,113
118
3,149
2,313
5,462
5,000
-
-
-
275
(249)
-
(249)
231
3,558
1,150
4,708
5,603
198
-
198
88
-
660
660
-
-
912
912
2,297
-
-
-
583
240
-
240
-
-
1,747
1,747
-|
|---|---|
||51,337
100,864
152,201
118,518|
Of the £118,518 expenditure on charitable activities in 2020, £37,574 was charged to restricted funds and £80,944 was charged to unrestricted funds.
|**(c) Other expenses**|||||
|---|---|---|---|---|
|Accountancy fees|4,138|-|4,138|4,265|
|Depreciation|7,236|-|7,236|9,091|
||11,374|-|11,374|13,356|
|All of the £13,356 other expenditure in 2020|related to unrestricted funds.||||
|**TOTAL RESOURCES EXPENDED**|64,372|100,864|165,236|132,382|
Page 11
## PAROCHIAL CHURCH COUNCIL OF CARTMEL, CUMBRIA **NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 December 2021**
## **4a. STAFF COSTS**
|**4a. STAFF COSTS**
Wages and salaries
Social security costs
Pension costs|2021
2020
£
£
5,658
6,537
-
-
173
172|
|---|---|
||5,831
6,709|
No employee received emoluments of more than £60,000 during the year (2020 - No. 0)
The average number of persons employed by the charity during the year was as follows:
## Charitable activities
|2021||2020||
|---|---|---|---|
||No.||No.|
||1||2|
## **4b. PAYMENTS TO PCC MEMBERS**
Expenses of £1,058 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 2021
Additions
At 31 December 2021
**DEPRECIATION**
At 1 January 2021
Charge for year
At 31 December 2021
**NET BOOK VALUE**
At 31 December 2021
At 31 December 2020
**(b) Investments**
Fair value 1 January 2021
Revaluation gain
Fair value 31 December 2021
The investments held|Equipment
£
42,357
4,348|
|---|---|
||46,705|
||33,684
7,236|
||40,920|
|||
||5,785|
||8,673|
||£
10,797
1,537|
||12,334|
|||
## **(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|10,343||||
|**6. OPERATING LEASE COMMITMENTS**||||||||
|Future minimum lease payments||||||2021|2020|
|||||||£|£|
|Not later than one year||||||1,063|1,063|
|Later than one year and not later than|five years|||||-|1,063|
|Total||||||1,063|2,126|
Page 12
## PAROCHIAL CHURCH COUNCIL OF CARTMEL, CUMBRIA **NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 December 2021**
## **7. DEBTORS**
|||
|---|---|
|**7. DEBTORS**
Trade debtors
Due from Cartmel Priory Shop Ltd
**8. CREDITORS**
**Amounts falling due in one year**
Trade creditors
Accruals|2021
2020
£
£
8,938
5,750
51,224
56,034|
||60,162
61,784|
||2021
2020
£
£
4,929
5,592
4,404
2,093|
||9,333
7,685|
## **9. FUND DETAILS**
## **Restricted funds**
|Refurb & development
Misc restricted
Vigarage fund
Flower fund
Young parishioners
Publicity & website
Heritage Grant
Macbeth Grant
David Hampson Legacy|Balance at 1
January 2021
Incoming
resources
Resources
expended
Transfers
Total
restricted
£
£
£
£
£
1,400
24,303
(24,303)
-
1,400
4,939
-
-
-
4,939
230
-
(144)
-
86
2,003
-
-
-
2,003
14,711
-
-
-
14,711
9,387
-
-
-
9,387
29,997
46,420
(76,417)
-
-
4,100
-
-
-
4,100
5,000
-
-
-
5,000|
|---|---|
||71,767
70,723
(100,864)
-
41,626|
|Comparative restricted funds
Refurb & development
Misc restricted
Vigarage fund
Flower fund
Young parishioners
Publicity & website
Heritage Grant
Macbeth Grant
David Hampson Legacy|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|
Refurb & Development - this fund is used to pay for any major refurbishments to the Priory. Misc restricted - this fund contains donations made for specific repairs to the Priory. Vicarage fund - this fund relates to maintenance of the vicarage. Flower fund - this fund is for the provision of flowers within the Priory. Young parishioners - this fund is to be used for the promotion of young parishioners. Publicity & website - this fund is used to pay for the promotion of the Priory. Heritage Grant - this fund is to be used to administer the Culture Recovery Fund for Heritage project. Macbeth Grant - this fund is to be used for the purchase of radio microphones. David Hampson legacy - this fund is to be used for routine maintenance and upkeep of the priory.
Page 13
## PAROCHIAL CHURCH COUNCIL OF CARTMEL, CUMBRIA **NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 December 2021**
## **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
£
£
£
-
18,120
18,120
41,626
135,866
177,492
-
(9,333)
(9,333)|
||41,626
144,653
186,279|
||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|
## **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 £2,398 (2020 £nil) was received from Cartmel Priory Church Shop Ltd and recharges totalling £8,883 (2020 £8,512) were made to the company from the charity.
Page 14