2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Nottingham Saint Peter And All Saints

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The last APCM was held in All Saints' Church on 20October 2020, deferred	The last APCM was held in All Saints' Church on 20October 2020, deferred	The last APCM was held in All Saints' Church on 20October 2020, deferred	The last APCM was held in All Saints' Church on 20October 2020, deferred	The last APCM was held in All Saints' Church on 20October 2020, deferred	The last APCM was held in All Saints' Church on 20October 2020, deferred	from 30April 2020 under the authority ofthe	from 30April 2020 under the authority ofthe	from 30April 2020 under the authority ofthe	from 30April 2020 under the authority ofthe	from 30April 2020 under the authority ofthe	Instrument
issued by Bishop Paul officers to 31 October	in response to the pandemic, one that also extended 2020. The PCC met twice during 2020 in person and						the periods of office of elected once under the new Business			PCC members and by Correspondence
procedure brought in by the Church Representation Rules 2020. Given its wide responsibilities, as well as the statutory Standing committee, the PCC establishes a number of committees (see below) dealing with particular aspects of parish life but these have
accountability back to	the PCC.
THE PARISH OF NOTTINGHAM			SAINT	PETER AND ALL SAINTS
PCC Membershi:		2020/21		Served to 20 October 2020 APCM				Served from 20October 2020 APCM
Rector				Revd Christopher	Harrison	(Chair)		Revd Christopher Harrison (Chair)
Associate Priest				Revd Dr Richard Dav				Revd Dr Richard Dav
Churchwardens:	St Peter's			Laurie Crawforth				Laurie Crawforth
				Brian Dunn				Brian Dunn
Churchwardens:	All Saints			Julia Atkins				Lorraine Smedley
				Lorraine Smedle				Casual vacanc
Deputy Churchwardens				Nof appointed				Dorothy Mountford	(forSf Peter' s)
Deanery Synod Representatives				Sanjay Brown				Keith Charter (a/so	PCC Lay Chair)
ex-officio PCC members				Keith Charter a/so PCC Lay Chair
Elected Lay Members:
St Peter's				Rob Edlin-White				Rob Edlin-White
				Anne Hardy				Anne Hardy
				Dorothy Mounfford	(also Assistant
				Churchwarden from	23May 2019)			Resil Jarrett
				Cathryn Vindelis				Cathryn Vindelis
				Hardiet Ward				Casual vacancy (n.b.		subsequently	filled
								by Patricia Coy from	TJanuary 2021)
Elected Lay Members:
All Saints				Deena Gaunt				Deena Gaunt
				Diane Caunt				Diane Gaunt
								Amy Fines
				Amy Fines				David Fines
				David Fines (also Assistant
				Churchwarden from	23May 2019)			David Towers
				David Towers
Co-opted Member				Peter Moore (Treasurer)				Peter Moore (Treasurer)
PCC Secreta				Keith Charter				Keith Charter

Statement offinancial ac	tivities for the y	ear ended 31Dec	ember 2020
		Unrestricted	Restricted	Endowment	Total	funds
	Note	Funds	Funds	Funds	2020	2019
			E	6		8
Income and endowments	from:
Donations and legacies	2(a)	98,902	222,900		321,802	132,798
Income from charitable
activities	2(b)	2,251			2,251	7,044
Other trading activities	2(c)	49,445			49,445	122,238
Investments	2(d)	13,922	2,470		16,392	19,013
Other income	2(e)	92,937	58,118		151,055	78,563
Total income and endowments		257,457	283,488		540,945	359,656
Expenditure on: Costs of raising funds	3(a)	48,699			48,699	80,668
Expenditure on charitable
activities	3(b)	198,296	297,195		495,491	295,424
Total expenditure		246,995	297,195		544,190	376,092
Net income/(expenditure)	before
gains on investment assets		10,462	(13,707)		(3,245)	(16,436)
Gains on investment assets			3,291	8,980	12,271	38,322
Net income/(expenditure)		10,462	(10,416)	8,980	9,026	21,886
Transfer between funds	12
Net movement in funds		10,462	(10,416)	8,980	9,026	21,886
Balances brought forward 1 January 2020	at	305,024	145,572	130,024	580,620	558,734
Balances carried forward	at
31 December 2020		315,486	135,156	139,004	589,646	580,620

			Note	2020	2019
					5
Fixed Assets
Tangible fixed assets Investment assets			sa 5b	534 194,390	1,058 244,119
Investment properties			6	475,000	475,000
				669,924	720,177
Current assets
Debtors				29,637	33,007
Investments	-short term deposits			55,385	70,365
Cash at bank	and in	hand		146,260	64,429
				231,282	167,801
Liabilities: amounts falling due:
within one year			10	(11,560)	(7,358)
Net current assets				219,722	160,443
Total assets less	current	liabilities		889,646	880,620
Creditors amounts	falling due after one year		13	300,000	300,000
Total Net Assets				589,646	580,620
Parish funds
Unrestricted				315,486	305,024
Restricted				135,156	145,572
Permanent endowment				139,004	130,024
				589,646	580,620
Approved by the PCC on		13April 2021 and signed on its behalf by
Revd C D Harrison			P R Moore
Chairman			Treasurer

Cash flow statement
Forthe year ended 31December 2020
				2020		2019
						6	E
Cash flows from operating		activities
Net cash used in by operating		activities			(11,541)		(38,562)
Cash flows from investing		activities
Dividends, interest and rent	from
investments			16,392			19,013
Proceeds from the sale of:
Fixed investments			62,000
Purchase of:
Fixed asset investments						(1,572)
Net cash provided by investing activities					78,392		17,441
Cash flow from financing	activities
Repayment of long term loan
Interest paid
Net cash (used in) financing		activities
Change in cash and cash in the reporting period	equivalents				66,851		(21,121)
Cash and cash equivalents		at 1 January			134,794		155,915
Cash and cash equivalents		at 31 December			201,645		134,794
Reconciliation ofnet income/(expenditure)
before investment gains
Net income					9,026		21,886
Adjustments for:
Depreciation					524		524
(Gains) on investments					(12,271)		(38,322)
Dividends, interest and rent	from investments				(16,392)		(19,013)
Decrease in debtors					3,370		1,812
Increase/(Decrease) in creditors					4,202		(5,449)
Net cash used in operating		activities
					(11,541)		(38,562)
Analysis ofcash and cash		equivalents
Cash in hand					146,260		64,429
Short term deposits					55,385		70,365
Cash and cash equivalents		at 31 December			201,645		134,794

Income and endowments	from:	from:
			Unrestricted	Restricted		Total	Unrestricted	Restricted	Total
			Funds f	Funds f		2020 f	Funds f	Funds f	2019 f
(a) Donations and legacies
Planned giving
- Gift Aid donations			72,744	3,147		75,891	63,868	11,274	75,142
- Income tax recoverable			18,427	787		19,214	17,896	2,581	20,477
- Other planned giving Collections (open plate) at Donations, appeals etc Legacies		all services	1,720 2,175 2,836 1,000	218,966	1,720 2,175 221,802 1,000		4,217 9,129 9,829 5,000	507 8,497	4,217 9,636 18,326 5,000
			98,902	222,900	321,802		109,939	22,859	132,798
(b) income from chari table activities Church lettings Fees			1,930 321			1,930 321	5,850 1,194		5,850 1,194
			2,251			2,251	7,044		7,044
(c) Other trading activities Coffee room			49,022			49,022	117,046		117,046
Centre Lettings Fund raising activities			423			423	3,855	1,337	3,855 1,337
			49,445			49,445	120,901	1,337	122,238
(d) Investments Bank interest			234	8		242	411		455
Income on investments			5,209	2,462		7,671	5,246	1,734	6,980
Rent received			8,479			8,479	11,578		11,578
			13,922	2,470		16,392	17,235	1,778	19,013
(e) Otherincome VAT recovered			4,314	47,503		51,817	815		815
St Peter's Trust Funds			73,640	10,615		84,255	73,902	3,846	77,748
Job retention scheme	grant		14,983			14,983
			92,937	58,118	151,055		74,717	3,846	78,563
Total income and endowments			257,457	283,488	540,945		329,836	29,820	359,656

Expenditure on:
					Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
						Funds K	Funds	2020 8	Funds 8	Funds 8	2019 f
(a) Costs ofgenerating funds Coffee room expenditure						48,699		48,699	80,579		80,579
Promise Programme									89		89
						48,699		48,699	80,668		80,668
(b) Expenditure on charitable				activities
Missionary and charitable				giving
(note 18)
Church overseas
- Missionary Societies						2,000	500	2,500	2,000		2,000
- Relief and development				agencies		1,000	950	1,950	1,000	1,396	2,396
Home missions and	other			Church	Societies	600		600	600		600
Secular charities						6,400		6,400	6,400	1,705	8,105
						10,000	1,450	11,450	10,000	3,101	13,101
Parish share						40,000		40,000	72,000		72,000
Ministerial support costs,				secretarial/
office expenses						11,272	8,614	19,886	11,304	6,347	17,651
Ministerial expenses						2,150		2,150	3,261		3,261
Churches
insurance						11,641	670	12,311	11,505		11,505
heat, light, water	and		telephone			7,833		7,833	12,583		12,583
major repairs							282,683	282,683		18,136	18,136
routine maintenance			deaning		and
repairs						11,235		11,235	14,964	9,000	23,964
sanctuary						1,410		1,410	2,401	220	2,621
St Peter's Centre
insurance						750		750	750		750
heat, light, water	and		telephone			5,140		5,140	10,220		10,220
routine maintenance			deaning		and
repairs						4,829		4,829	7,590		7,590
depreciation of equipment						524		524	524		524
Other PCC properly upkeep costs Choir and organ expenses						5,279 (1,050)	1,530	5,279 480	2,295 2,684	675	2,295 3,359
Salaries
Directors ofmusic		and		organists		11,929		11,929	12,054		12,054
Vergers						33,428		33,428	33,881		33,881
Administrators and		secretanes'			salary
(part) Church organisations		-Activities				18,052 40	2,242	18,052 2,282	20,432 1,275	4,845	20,432 6,120
Printing and stationery						282		282	491		491
Office expenses Audit fees						5,564 2,988		5,570 2,988	5,186 2,700		5,186 2,700
Loan interest						15,000		15,000	15,000		15,000
						198,296	297,195	495,491	253,100	42,324	295,424
Total Expenditure						246,995	297,195	544,190	333,768	42,324	376,092

aff costs
	Unrestricted	Restricted	Total	Funds
	Funds	Funds	2020	2019
	E	6	6	6
Wages and salaries Social security costs Pension costs	102,613 1,815 4,513	13,598 63	116,211 1,815 4,576	122,185 2,521 4,213
	108,941	13,661	122,602	128,919

				StPeter's
				Centre
				Furnishings
				and	Office
				equipment	equipment	Total
				8	8
(a)Tangible fixed assets
Cost/valuation
At 1 January 2020				47,273	10,582	57,855
Additions
At 31 December 2020				47,273	10,582	57,855
Depreciation
At 1 January 2020				.46,220	10,577	56,797
Charge for the year				524		524
At 31 December 2020				46,744	10,577	57,321
Net book value
At 31 December 2020				529		534
At 31 December 2019				1,053		1,058
(b) Investments				Historic	Fair value
				Cost	2020	2019
				E		K
Endowment Fund
St Peter —Vincent Trivett Scholarship		Fund
1,283 Units Central Board of Finance		Investment
Fund				1,246	26,285	24,593
St Peter —Vincent Trivett Organ Fund
1,308 Units Central Board of Finance		Investment
Fund				1,005	26,797	25,073
StJames Church House Account
236.35 Units Charities	Official Investment		Fund	292	4,304	3,991
St Peter —Fabric and	maintenance
3,984 Units Central Board of Finance Fund		Investment		4,502	81,620	76,369
				7,045	139,006	130,026

rming part ofthe financial statements for the yea	rming part ofthe financial statements for the yea	r ended 31Dec	ember 2020 (	Continued)
Analysis ofnet assets by fund - 2020
		Unrestricted	Restricted	Endowment
		Funds	Funds	Funds 6	Totalf
Fixed assets		475,534	55,384	139,006	669,924
Current assets		146,019	85,263		231,282
Current liabilities		(6,067)	(5,491)	(2)	(11,560)
Long term liabilities		(300,000)			(300,000)
Fund balance		315,486	135,156	139,004	589,646
Analysis of net assets by fund - 2019
		Unrestricted	Restricted	Endowment
		Funds	Funds	Funds	Total
		6		6
Fixed assets		476,058	114,093	130,026	720,177
Current assets		135,867	31,934		167,801
Current liabilities		(6,901)	(455)	(2)	(7,358)
Long term liabilities		(300,000)			(300,000)
Fund balance		305,024	145,572	130,024	580,620
Debtors
				2020	2019
					6
Income tax recoverable				18,631	20,080
Other debtors				11,006	12,927
				29,637	33,007
Investments —short	term deposits
Cash held for investment				55,385	70,365
Liabilities: amounts	falling due within one year
Creditors for goods and services				9,434	5,565
Other creditors				2,126	1,793
				11,560	7,358

No	tes forming part ofthe financial state	ments	for the year en	ded 31 Decem	ber 2020 (C	onflnuedj
11	Fund details
	The restricted fund comprises:		Balance at				Balance at
			31 Dec2019 f.	Transfers f	Income f	Outgoings f	31 Dec2020 f
	St Peter —Roof repairs		(9,673)	53,000	264,905	280,310	27,922
	St Peter —Fabric and Maintenance		95,106	(53,000)	2,605		44,711
	St Peter —Vincent Trivett Scholarship	Fund
	for Choristers accumulated income		6,716		744	1,530	5,930
	St Peter —Vincent Trivett Organ Fund
	accumulated income		2,773		751		3,524
	Overseas committee		1,529		1,041	1,450	1,120
	HR Cobbin Memorial Fund for the
	maintenance and repair ofthe Church
	bells and the Annetta Henson bequest
	for the benefit ofSt Peter's Bell Ringers		18,557		985		19,542
	Other collections All Saints bell ringers		(1,301) 1,113		11,365	8,614	1,450 1,113
	All Saints Bell Tower		6,180		2,207	3,509	4,878
	Workplace Chaplaincy		289				289
	Rev Gibson & D Cooper Legaaes
	for St Peter		17,106				17,106
	S M Dudley Legacy for All Saints Women of Faith		2,000 5,177		1,500	1,782	2,000 4,895
	Mary Evison —Rector Discretionary				676		676
			145,572		286,779	297,195	135,156

Missionary and charitable overseas	Missionary and charitable overseas	giving		Unrestricted fundsf	Restricted funds E	Total 2920 K	Total 2019
Missionary Societies
CMS				1,000		1,000	1,000
CMS Partner					500	500
USPG				1,000		1,000	1,000
				2,000	500	2,500	2,000
Relief and development Christian Aid	agencies			1,000		1,000	1,350
Mercy Ships							233
UNHCR					750	750
Disaster Aid / Hurricane		Dorian					250
Traidcraft Exchange							250
CARF					100	100
Toilet Twinning							63
Five Talents					100	100	250
				1,000	950	1,950	2,396
Home Missions
Notts Clergy Widows and Dependants				600		600	600
				600		600	600
Secular Charities
Faith in Families							455
Emmanuel House				3,300		3,300	4,550
Framework Housing				1,500		1,500	1,500
Nottinghamshire	Historic Churches		Trust	100		100	100
Arimathea Trust				1,500		1,500	1,500
				6,400		6,400	8,105
				10,000	1,450	11,450	13,101

Rèsponsibllltl•g of tru8t••s wlalnl rnOr•fy InthetrnIee5' pOrliAll11& statanent sd on page 6. thtrte8S are responsiblgftYlhB preparation of the finartk?I stat&$ and for satisfied that they give a true and fwr vi8w, and Icy such Intern wntrol 8S thè truste&8 ¢JFtermine is nec&ssary to wable thè waparatlon of financial slaternw15 th arefree frrm materia misStai&))ent, whethw due t fraud u error. In prepariro thefinCial slatwnents, thtrsta are re5ponsblefor &s5e5siffj 1he eharfty's ablity lo ¢onJnue as agoing CCfrErn, dSsdosiryJ, as ap1¢abl rnattws rat to gc4rvJ corKem and Ung the gofv)g concern basis of ac¥x)unliro unltrA InJstee5 athw i to liquidate the thority to cease operations, or hava no rèalistic alternative but lo do so. Auditors r•spontslbllFtI•s forth• audtt of thef1n¢1oI si•mènti W8 have be app)int8J as aUdtt under sectK)n 145 of th8 Charibes Aa 2011 and report In OrdanCe witl) rvJulat1or made under s11)n 154 of that Ad. Our obl&ives lo obtaln rw0n8& assurance aboLÉ whetheT the firwcial stataments as a ole 8rè fr8é frc#n material misslaternent, whether due to fraud or error, andto issue an auditorfs reportthat Indude5 our opinion. Rèasonableassurar is a igh levd of assuwtE. bul 1$ not a guarantee thal an audit )nduct a0rdan wth ISAS (UK) wll always de a m8taial misstatent Wh it exlsts. Misstatanents can arise Iri%n fra or error and are CortsideI materia if, Individually or in th& agrat& they could Te880nably be expect& to inftuence the ecDnoml¢ ¢Jeosions of users lakw on thè basls ol these finan(¥al stateTnWts. Iaulariti, indLK1iwJ fraud, are instantAs of rn)n-C))mpllan th laws arKI wulations. W8 design Pfc¢eJures in lin¢ wilh (r rpOnsibIli11, outllngy above, to detKI malwal misstatements in respt of IrruLrItI6$, Iding fraué. Th8 SPrIG proe•Ju for tlis engagent and the extent to which these afv e4p3ble d detn9 irregularities. indudSrKJ fraud is detail Exerose Profk)nal and maintan wofe6slon818(wtiusm tough0Ut th8 planning 8né pwrOman ol Ihe audit., Identfy and asséss the rlsks of material mi55talwnent of thefirlandal statwnents, whdh¥ dua to fra¢JJ or error, dthgn and p(rn audit prccedures re8pon5iV8 to those rfsks. and obtsin audit evidwcg that is sufficiait and 8ppropriat8 to proidg a basis tr our OniOn.. Obtain an unddIr0 of the internal (trol rdevant to thg audit In ordw to dign audit prOcureS that are 8ppropn"8le in the alrI)stan8, but not for the purpose of expressing an opinion on the effectiveness of the charity's inleTno1 contrd., Ev8luaté thè appropriateness of accounting pdi(i&8 LsBd and the reason8bl6nw of acwuntlng &stIma and rdatgd disdosures made by managllt., Mak8 quIeS of fflanagWnt and th0 ch&ged ¥th g?vwnar of Any Instanc8s of nOno)mPlancE with laws and rulatIOr and of any actual aNJ potenllal lrtigation and dams., Re¥1 financial siatqnent disdosures to supportlng doAerAlln to assass 1th apF4iLzble laws and ulatior B&au%8 ol the innt limhations of an audit, thèrè is a rfjsk that we will not dett all irregul, Induding th)sè 18adlng to a rnatthal rni5Statement in thefinancial statènents or non-compliancewilh rgJulaknon. This risk InGreases the morethat complian with a law or wulation 15 rn0Vej from the evwts and transa(ions rOn&t In th8 finan&al statwnwts. as we ill be less likely to bne aware of instan(w of non-MplIan¢Q. The risk 1$ also greatw rgJarding IrrgJulariti&8 occurring tjue to fraud rather than error, as fra1 invdv&% int**lond ncealrnt, forywy, collusK)n, omisslon or rniswrtsentation. Afurther d&%crfpllon dour responsibllities is availae on the Finanoal Reportng Counal's Webte at.. httpS'.Ifv.frC.Org.ukrtjUr- WorklAUdrtlAud6t.and4ssuran¢eJStandards-and-guidansndards-an-gUIa&knuditorsIitorS-r85pQnslb1lI-f0I- audltlDescfftptionrf4udilorS-rpOnSlbIl1&4Dr-aUrt.aspx This dss¢dplion loms part of our audItt$ réport. Use of our report Ths report is made sd•ly to th• eharty's trLISt, a8 a b)dy, in o¢cd3e wlh Part 4 01 the Chanty"es IAcLoJnts and Reports) Regulations 20(B. Our audt work has undertaken 50 that we might state lo the tharity'5 trust¢?5 those matters we ¥è ru1r to stste to th in an auditorfs report a1 f¢y no Othar purpose. To the fullest eKtenl pBrmitted by law, we do nttt acc8pt oi assume responSilIty to anytsne other than the charity and the charity'81wstees as a boo¥, for our al£wth, tfms rq)ort. or ft)rth8 opinions w& hava foffngd. ery70& Lemans Charter1 Ac0)untts StatutoryAuditc NottiThJham NG14IA 21 Aprt'L 2021 Lemans is digIe to 8fA as an audMor In tems of secffjoll 1212 of tha Ccfflpanies kl 2006. 23