The Parochial Church Council of The Ecclesiastical Parish of St Peter & St Paul, Mansfield
Annual Report
and
Financial Statements
for the year ended 31st December 2020
The Parochial Church Council of The Ecclesiastical Parish of St Peter & St Paul, Mansfield
Annual Report for 2020
Index
| Annual Report | 1 - 5 |
|---|---|
| Independent Examiner’s Report | 6 |
| Statement of Financial Activities | 7 |
| Balance Sheet | 8 |
| Notes to the Financial Statements | 9 - 16 |
The Parochial Church Council of The Ecclesiastical Parish of St Peter & St Paul, Mansfield
Annual Report for 2020
Administrative information
The Parochial Church Council of the Ecclesiastical Parish of St Peter & St Paul, Mansfield is registered as a charity, number 1130303. Its working name is St Peter & St Paul’s PCC, Mansfield.
The Parish Church of St Peter & St Paul, including its principal office, is situated in Churchside, Mansfield, Nottinghamshire, NG18 1AP. It is part of the Diocese of Southwell & Nottingham within the Church of England.
The charity trustees are members of the PCC who are either ex-officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules. PCC members who have served from 1[st] January 2020 until the date on which this Report was approved are:
Ex Officio members:
Incumbent Rev Dr C J Phillips Curate Rev P Scott (from 5.7.20) Churchwardens Mrs J E Allen (to 25.10.20) Mr K Allsop Reader Mr D J Pulman (to 25.10.20) Miss M S Tate (from 25.10.20) Representatives on the Deanery Synod Ms J McIntyre Mrs E M Thomas Elected Members: Mr M Ashton Mrs C Barnes (Deputy Churchwarden) Miss S E Clarkson Mr J E Hooton (Treasurer) Ms J McIntyre Mr M Newman (Deputy Churchwarden) Mr G Parker Ms C Ramsdale Mrs H Robinson Mr I A Robinson (Vice Chairman, Deputy Churchwarden) Mrs J L Robinson Mr V H Slaney Co-opted members : Mrs A Mellors (Secretary) (to 25.10.20) Mrs J E Allen (from 12.11.20) Mr M Jones (from 12.11.20)
Coronavirus pandemic
March 2020 saw the start of restrictions being placed on the life of St Peter & St Paul’s church to control the spread of the Covid-19 virus. Services have been affected, by holding fewer services in the church building and, instead, transmitting them electronically via YouTube and Zoom. Hiring of rooms in St Peter’s Centre has also been affected and administrative meetings have generally been held remotely. Statistical information provided in this Report is therefore not directly comparable with previous years.
1
The Parochial Church Council of The Ecclesiastical Parish of St Peter & St Paul, Mansfield
Annual Report for 2020
Structure, governance and management
The charity is governed by the Parochial Church Council Powers Measure (1956) as amended and Church Representation Rules.
The method of appointment of PCC members (charity trustees) is set out in the Church Representation Rules. At St Peter & St Paul’s church the membership of the PCC consists of the incumbent, curate, churchwardens, reader, and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services are encouraged to register on the electoral roll and stand for election to the PCC.
The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. The full PCC met on 5 occasions and made 4 decisions by email. Due to the Covid-19 pandemic most meetings were conducted on Zoom. There was an average attendance of 15 (average membership 19).
Given its wide responsibilities the PCC also operates through several sub-committees, which meet between full meetings of the PCC. They report back to the full PCC and all matters are discussed where necessary.
Standing Committee
This is the only committee required by law. It has power to transact the business of the PCC between its meetings, subject to any directions given by the Council. The Standing Committee met 6 times during the year.
Centre Management Committee
manages all aspects of St. Peter’s Centre.
Communications Committee
to ensure efficient exchange of information between all groups and members of the church.
Finance Committee
prepares budgets and plans income and expenditure. It controls all matters of finance.
Funding & Stewardship Committee
to raise funds and encourage the use of regular planned giving.
Ministry team
discusses worship and organises services. It deals with parish ministry including pastoral care.
Social Committee
runs events throughout the year to encourage fellowship and raise income.
Aim and purposes
St. Peter’s Parochial Church Council (PCC) has the responsibility of co-operating with the Incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.
The PCC is also responsible for the maintenance of St Peter’s Centre, Churchside, Mansfield.
The PCC also supports the relationship between the church and St Peter’s Church of England Primary Academy.
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The Parochial Church Council of The Ecclesiastical Parish of St Peter & St Paul, Mansfield
Annual Report for 2020
Objectives and activities
The PCC is committed to enabling as many people as possible to worship at our church and to become part of our parish community at St Peter’s. The PCC oversees worship throughout the parish and aims to involve the many groups that live within our parish. Our services and worship put faith into practice through word, sacrament and prayer.
When planning activities, the Incumbent and the PCC have considered the Charity Commission’s guidance on public benefit and the specific guidance on charities for the advancement of religion. We try to enable ordinary people to live out their faith as part of our parish community through:
-
Worship, prayer and small groups, learning about the Gospel and developing their knowledge and trust in Jesus.
-
Provision of pastoral care for people living in the parish and on its electoral roll.
-
• Missionary and outreach work.
To facilitate this work, it is important that we maintain the fabric of the Church of St Peter and St Paul and St Peter’s Centre.
Public benefit
St. Peter and St. Paul’s is a charity below the audit threshold. The above religious activities conform to the guidance of the Charity Commission on charities for the advancement of religion, showing identifiable benefits to the wider public in that they are all open to any members of the public who wish to join. In normal times it is believed that they may be encouraged by means of wide publicity in the surrounding area, including circulation of the monthly magazine and social events. During the Covid-19 pandemic and lockdowns, St Peter’s has sought to engage people in worship and faith through online worship, social media, mailings and other creative means.
Achievements and performance
Worship and prayer
The PCC is keen to offer a range of services during the week and over the course of the year that our community find beneficial and spiritually fulfilling. Regular services are held, either in church or electronically, on Sunday, Wednesday, and Thursday. An informal service, Café Church, has been held either in St Peter’s Centre or electronically, on the first Sunday of each month, but is currently suspended in favour of online “St Peter’s Praise” services and regular “All-Age Special” creative worship.
All are welcome to attend our services. On 1[st] January 2020 there were 160 people on the Electoral Roll, of whom 104 did not reside in the parish. 8 names were added during 2020 and 5 removed through death. On 31[st] December 2020 there were 163 people on the Electoral Roll, of whom 118 did not reside in the parish. The average weekly attendance, counted during October, was 55 plus 95 online views.
As well as our regular services, we enable our community to celebrate and thank God at milestones of the journey through life. Through baptism we thank God for the gift of life, in marriage public vows are exchanged with God’s blessing and through funeral services friends and family express their grief and give thanks for the life which is complete in this world and to commend the person into God’s keeping. In 2020 we have celebrated 6 baptisms but no weddings and held 11 funerals in our church with a further 23 held at the Crematorium.
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The Parochial Church Council of The Ecclesiastical Parish of St Peter & St Paul, Mansfield
Annual Report for 2020
The challenges of 2020 meant that some of our usual “special” services could not be held. St Peter’s Academy and King Edward’s School were not able to make their usual visits for Easter, Harvest and Christmas. However, the clergy supported school worship by recording special Assemblies and services. St Peter’s offered a full programme of online worship over Holy Week and Easter, and during Advent and Christmas worship was offered in “dual-mode”, enabling people to share worship in-person or online as they chose.
Deanery Synod
Two members of the PCC sit on the deanery synod. This provides the PCC with an important link between the parish and the wider structures of the church.
The Church buildings
We have traditionally kept the church open on six days a week, to enable the community to visit for private prayer. However, the pandemic meant that the building has been open to the public in a more limited way in 2020.
The church building is kept in a good state of repair. Surveys take place at five-yearly intervals and such maintenance and repair work as is advised is carried out on a planned basis. A reserve fund is maintained to enable such work to be paid for without having to make urgent financial appeals. A separate report on the church Buildings and Ornaments will be made at the Annual Meeting.
St Peter’s Centre is also maintained in a planned way based on architect’s reports. An employed manager along with several willing volunteers, to whom we are greatly indebted, enable us to maximise income from letting rooms. Spaces in the car park are also let. Income from both sources goes towards the costs of running St Peter’s Centre to enable it to remain open for use by the church groups and our community. The use of the Centre has been temporarily impacted by restrictions necessary as a result of the Covid-19 pandemic.
Pastoral care
Some members of our parish are unable to attend church due to sickness or age. In normal times they are offered visits and holy communion at home or in hospital by a team of clergy, readers, and other church members. During the pandemic home visiting has not been possible, but all members of our electoral roll have been supported by telephone, regular mailings and online contact.
St Peter’s Centre is used by several groups connected with our church including Sunday school, Tots, Scouts, Guides, CAMEO, Mothers Union, Drama and Social groups.
Mission and Evangelism
St Peter’s supports the Hall Homeless Project and the Stanhope Centre Drop-in Lunch, which reach out to the homeless and vulnerable of our community. In October 2020 St Peter’s Satellite Foodbank returned to our church building and provides food parcels for those in need.
In normal times, a monthly parish magazine is delivered to subscribers and copies are sent to a local newspaper and two radio companies and are available in Mansfield library, St Peters Centre and in our church. The magazine keeps subscribers informed of important matters affecting our church and includes articles that help develop our knowledge and trust in Jesus. During the pandemic printing of the magazine has been suspended, but monthly mailings and weekly emails have been sent to keep people in touch with St Peter’s.
A Bible Course was held in the autumn of 2020, with two online groups to enable participants to develop in faith.
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The Parochial Church Council of The Ecclesiastical Parish of St Peter & St Paul, Mansfield
Annual Report for 2020
Ecumenical relationships
Links with the members of the parish of St Mark, Mansfield have continued. Until the coronavirus restrictions were introduced Rev Caroline Phillips and Rev James Curry led worship at each other’s churches approximately every 6-8 weeks.
Our church is a member of Churches Together in Mansfield.
Finances
As is to be expected finances have been adversely affected by the Coronavirus pandemic. Income from open plate collections, donations and fund-raising activities were reduced but, on the other hand, certain expenses were likewise reduced. Claims have been made under the Government’s Job Retention Scheme which has enabled some staff to be furloughed. Grants have been claimed towards the cost of re-pointing repairs to St Peter’s Centre as well as a replacement Centre boiler.
During 2020 total incoming resources amounted to £257,071 whilst resources expended totalled £258,710 resulting in net outgoing resources of £1,639. There were gains of £32,756 on the book value of fixed and investment assets and so there was a net increase in funds of £31,117 resulting in total funds carried forward of £1,206,823.
Included in the overall results the General fund showed a deficit of £7,397 leaving a General Reserve of £3,726. The trustees will continue to discuss the challenges and take steps to balance projected income with future expenditure.
Reserves
The charity needs reserves to enable it to continue to meet its ongoing commitments. The policy of the trustees is to maintain sufficient reserves to fund the fixed assets of the PCC and to provide adequate working capital. Voluntary income and fundraising can be both unpredictable and variable whilst expenditure tends to continue at a steadily increasing level.
The trustees are aware that, in being responsible for the continuing maintenance of listed buildings (both St Peter & St Paul’s Church and St Peter’s Centre), significant expenditure can arise at relatively short notice. The trustees must plan to meet such expenditure and therefore sums are set aside to meet future major expenditure on the fabric of the church building, on refurbishing the church organ and on maintaining St Peter’s Centre building.
The level of total reserves is appropriate to the current situation and requirements of the charity. This policy is reviewed annually.
The trustees declare that this report has been approved by the Parochial Church Council.
Signed on behalf of the charity’s trustees.
Caroline Phillips J E Hooton
……………………………………………… ………………………………………………
Rev Dr Caroline Jill Phillips (Chair) John Edward Hooton (Treasurer)
4[th] March 2021
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The Parochlal Church Councll of The Eccleslastlcal Parfsh of St Peter & St Paul, Mansfield Independent examlner's report to the Iruslees of (parochlal church covncll) of The Eccleslasllcal Parfsh of St Peter & St Paul. Mansfield- charlty number 1130303 I report to the twstee5 on my exanNnotDn of the occounts of The EcCleo$hC0I Paiish of St Peter & St Povl. Mansfield I'the Chority") for the yeor eThled 3151 December 2020. Respon$lbHTtles and bas1$ of report As the Iruslees of the Charity you are resF)onsible for Ihe preparalion ol the occounts in occordance with the requiremenls of the Chorilie5 Act i)1 I I'lhe Act'i. I report in respect of my examination of the Chority's occount5 carried (xJt under section 145 of Ihe 2011 Acl and in carrying ovt my exominolion I have lollowed all the applicable Directions given by the Chority Commission under seclion 14515llbl of the Act. Independ•nl examln•r'$ statement I have completed my examinotlon. I confirm that no material motter5 have come lo my attention in connectK)n with the exomination giving me cause to believe that in any malerial respect: . accounling records were not kept in respect of the Charity as required by section 130 of the Acl- or 2. *he acctyJnts do not accord with those records: or 3. the occounts do not comply with the opplicoble requirements conceming the lorm and content of accounls set out in the Charilies (Accounts and Reportsl Regulations 2CX)8 other than any requirement thol Ihe accounls give a 'lrue ond l(ir view, wlrych i% nol a matter considered 05 part of an independent exominathM. I have no concern5 and have come ocross no other motters in connection wtth the examination to which ollention should be drawn in this report in order lo enable o 0per understanding of the accounts t be reached. Signed- Name: QILW 5&1rt4J Relevant prof8s5ionol qualification CK membership of prOfeSonal bodies: Associotion of Chortered Certified Accountants IACCAI Address: Beeley HeY & Co., 4244 Notlingham Road. Mansfield. NG18 IBL Date: 161Ji 9021
St Peter & St Paul's PCC, Mansfield
Statement of Financial Activities for the year ended 31st December 2020
| Unrestricted | Designated | Restricted | Endowment | Total | funds | ||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | 2020 | 2019 | ||
| £ | £ | £ | £ | £ | £ | ||
| Note | |||||||
| Incoming resources | |||||||
| Voluntary income | 2a | 74,174 | 2,187 | 81,654 | - | 158,015 | 135,753 |
| Activities for generating funds | 2b | 14,137 | 26,958 | 731 | - | 41,826 | 27,304 |
| Income from investments | 2c | 24,307 | 548 | 1,741 | - | 26,596 | 29,137 |
| Church activities | 2d | 2,688 | 27,946 | - | - | 30,634 | 71,302 |
| Total incoming resources | 115,306 | 57,639 | 84,126 | - | 257,071 | 263,496 | |
| Resources expended | |||||||
| Costs of generating voluntary | |||||||
| income | 3a | - | - | 0 | - | 0 | 512 |
| Fund-raising trading costs | 3b | - | 3,592 | - | - | 3,592 | 6,732 |
| Investment management costs | 3c | 3,505 | - | - | - | 3,505 | 4,632 |
| Charitable church activities | 3d | 123,056 | 63,880 | 62,676 | - | 249,612 | 252,731 |
| Governance costs | 3e | 408 | 1,593 | - | - | 2,001 | 9,740 |
| Total resources expended | 126,969 | 69,065 | 62,676 | - | 258,710 | 274,347 | |
| Net incoming resources before | |||||||
| transfers | -11,663 | -11,426 | 21,450 | - | -1,639 | -10,851 | |
| Gross transfers between funds | |||||||
| Transfers in | 4,266 | 627 | 2,877 | - | 7,770 | 9,844 | |
| Transfers out | -7,770 | - | -7,770 | -9,844 | |||
| Net incoming resources before | |||||||
| other recognized gains and losses | -7,397 | -18,569 | 24,327 | - | -1,639 | -10,851 | |
| Gains on revaluation of fixed and | |||||||
| investment assets | 7 | - | 8,145 | - | 24,611 | 32,756 | 63,825 |
| Net movement in funds | -7,397 | -10,424 | 24,327 | 24,611 | 31,117 | 52,974 | |
| Total funds brought forward at 1.1.20 | 11,123 | 273,606 | 318,138 | 572,839 | 1,175,706 | 1,122,732 | |
| Total funds carried forward at 31.12.20 | 3,726 | 263,182 | 342,465 | 597,450 | 1,206,823 | 1,175,706 |
The notes on pages 9 to 16 form part of these accounts
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St Peter & St Paul's PCC, Mansfield
Balance Sheet at 31st December 2020
| Unrestricted | Designated | Restricted | Endowment | Total | funds | ||
|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | 2020 | 2019 | ||
| £ | £ | £ | £ | £ | £ | ||
| Note | |||||||
| Fixed assets | |||||||
| Tangible fixed assets | 6 | - | - | 100,000 | - | 100,000 | 100,434 |
| Investment assets | 7 | - | 126,583 | - | 597,450 | 724,033 | 691,277 |
| - | 126,583 | 100,000 | 597,450 | 824,033 | 791,711 | ||
| Current assets | |||||||
| Debtors | 9 | 3,416 | 825 | - | 4,241 | 24,435 | |
| Short term deposits | 879 | 119,953 | 202,437 | - | 323,269 | 318,825 | |
| Cash at bank and in hand | 5,508 | 16,890 | 40,110 | - | 62,508 | 50,484 | |
| 9,803 | 137,668 | 242,547 | - | 390,018 | 393,744 | ||
| Liabilities: amounts falling due | |||||||
| within one year | 10 | 6,077 | 1,069 | 82 | - | 7,228 | 9,749 |
| Net current assets | 3,726 | 136,599 | 242,465 | - | 382,790 | 383,995 | |
| Net assets | 3,726 | 263,182 | 342,465 | 597,450 | 1,206,823 | 1,175,706 | |
| Funds | 3,726 | 263,182 | 342,465 | 597,450 | 1,206,823 | 1,175,706 |
Approved by the Parochial Church Council on 4th March 2021 and signed on its behalf by:
Caroline Phillips
…………………………………………
Rev Dr Caroline Phillips (Chair)
John Hooton
…………………………………………
John Edward Hooton (Treasurer)
The notes on pages 9 to 16 form part of these accounts
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St Peter & St Paul’s PCC, Mansfield
Notes to the Financial Statements for the year ended 31[st] December 2020
1 Basis of preparation and Accounting policies
These financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant notes to these financial statements.
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their financial statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and with the Charities Act 2011.
The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.
Funds
Endowment funds are funds, the capital of which must be maintained. Income arising from investment of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established.
Restricted funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not necessarily invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds.
Designated funds are general funds which have been allocated by the PCC for a particular purpose but may, subject to resolution of the PCC, be re-allocated for a different purpose.
Unrestricted funds are general funds which can be used by the PCC for ordinary purposes.
Incoming resources
These are recognised and included in the Statement of Financial Activities (SOFA) when:
-
the charity becomes entitled to the resources;
-
the trustees are virtually certain they will receive the resources; and
-
the monetary value can be measured with sufficient reliability.
Where incoming resources have related expenditure (as with fund-raising income) the incoming resources and related expenditure are reported gross in the SOFA.
Grants, legacies and donations are only included in the SOFA when the PCC has unconditional entitlement to the resources. Planned giving, collections and donations are recognised when received.
9
St Peter & St Paul’s PCC, Mansfield
Notes to the Financial Statements for the year ended 31[st] December 2020
Where moneys are collected on behalf of other charities and are immediately paid over, both receipts and payments are excluded from these statements.
Income tax recoverable on Gift Aid donations is recognised in the same accounting period as the gifts to which they relate.
Dividends and interest are accounted for when receivable. All incoming resources are accounted for gross.
Resources expended
Liabilities are recognised as soon as there is a legal or constructive obligation committing the PCC to pay out resources.
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross.
Fixed assets
Consecrated and benefice property is not included in the accounts in accordance with s.10(2)(a) of the Charities Act 2011.
Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church’s inventory, which can be inspected (at any reasonable time).
Freehold properties held for the PCC's own use are carried in the balance sheet at the trustees’ best estimate of fair value on the open market as at the year end. Freehold land and freehold buildings are dealt with separately. In view of the considerable restrictions on the use of the buildings, their situation within a Conservation area, their Grade II Listed status and the PCC’s policy of maintaining the building the PCC has determined that both the annualised and cumulative depreciation provisions are immaterial and so no depreciation is charged. An annual review for any identifiable impairment of each asset’s service potential is made and any significant reduction in the asset’s value is written off in the Statement of Financial Activities.
Equipment costing or valued at £1,000 or more when acquired is depreciated on a straight-line basis over 4 years. Individual items of equipment with a purchase price of less than £1,000 are written off as acquired.
Investment assets are included in the balance sheet at the trustees’ best estimate of their fair value on the open market. Any gains or losses arising on annual revaluation are transferred to the Statement of Financial Activities.
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St Peter & St Paul's PCC, Mansfield
Notes to the Financial Statements for the year ended 31st December 2020
| 2 Incoming resources 2a Voluntary income Planned giving: Planned giving (direct to bank) Planned giving (envelopes) Tax recoverable Collections (open plate) Donations Grants Subscriptions Candle box 2b Activities for generating funds Fund-raising Trading sales 2c Income from investments House rents Investment income Interest on short-term deposits 2d Church activities Centre room rents Centre car park rents Fees Total incoming resources |
Unrestricted Designated Restricted Endowment Funds Funds Funds Funds 2020 2019 £ £ £ £ £ £ 52,345 - - - 52,345 47,461 3,403 - - - 3,403 4,346 14,133 86 - - 14,219 16,526 2,290 - - - 2,290 7,078 72,171 86 0 - 72,257 75,411 1,449 901 850 - 3,200 6,147 400 250 80,804 - 81,454 52,416 - 950 - - 950 1,298 154 - - - 154 481 74,174 2,187 81,654 - 158,015 135,753 1,984 7,492 - - 9,476 18,672 12,153 19,466 731 - 32,350 8,632 14,137 26,958 731 - 41,826 27,304 12,920 - - - 12,920 14,722 11,360 - 899 - 12,259 11,902 27 548 842 - 1,417 2,513 24,307 548 1,741 - 26,596 29,137 - 19,959 - - 19,959 51,739 - 7,987 - - 7,987 9,350 2,688 - - - 2,688 10,213 2,688 27,946 - - 30,634 71,302 115,306 57,639 84,126 - 257,071 263,496 Total funds |
|---|---|
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St Peter & St Paul's PCC, Mansfield
Notes to the Financial Statements for the year ended 31st December 2020
| Unrestricted | Designated | Restricted Endowment | Restricted Endowment | Restricted Endowment | Total | funds | ||
|---|---|---|---|---|---|---|---|---|
| Funds | Funds | Funds | Funds | 2020 | 2019 | |||
| £ | £ | £ | £ | £ | £ | |||
| 3 | Resources expended | |||||||
| 3a | Costs of generating voluntary income | |||||||
| Publicity | - | - | - | - | 0 | 40 | ||
| Stewardship expenses | - | - | - | - | 0 | 472 | ||
| 0 | 0 | 0 - | 0 | 512 | ||||
| 3b | Fund-raising trading costs | |||||||
| Fund-raising and trading costs | - | 3,592 | - | - | 3,592 | 6,732 | ||
| 3c | Investment management costs | |||||||
| Investment property costs | 3,505 | - | - | - | 3,505 | 4,632 | ||
| 3d | Charitable church activities | |||||||
| Missionary and charitable giving | ||||||||
| Overseas relief | - | 55 | - | - | 55 | 30 | ||
| Home mission | - | 30 | - | - | 30 | 50 | ||
| Secular charities | - | 620 | - | - | 620 | 257 | ||
| 0 | 705 | - | - | 705 | 337 | |||
| Diocesan parish share | 80,220 | - | - | - | 80,220 | 79,116 | ||
| Ministry expenses | 858 | - | - | - | 858 | 785 | ||
| Volunteers' expenses | - | - | - | 0 | 53 | |||
| Group activities | - | 639 | 1,101 | - | 1,740 | 2,974 | ||
| Church running and maintenance | 15,962 | 289 | - | - | 16,251 | 20,247 | ||
| Major church repairs | - | - | 6,923 | - | 6,923 | 33,974 | ||
| Service expenses | 3,041 | 288 | - | - | 3,329 | 8,009 | ||
| Training and mission | 276 | - | - | - | 276 | 502 | ||
| Depreciation of equipment | - | 434 | - | - | 434 | 434 | ||
| Centre running costs | - | 24,681 | 36,487 | - | 61,168 | 21,163 | ||
| Salaries | 20,827 | 35,942 | 17,928 | - | 74,697 | 79,184 | ||
| Administration | 1,872 | 902 | 237 | - | 3,011 | 5,953 | ||
| 123,056 | 63,880 | 62,676 | - | 249,612 | 252,731 | |||
| 3e | Governance costs | |||||||
| Diocesan fees | - | - | - | - | 0 | 8,397 | ||
| Architect's fees | - | 1,593 | - | - | 1,593 | 943 | ||
| Independent examination fee | 408 | - | - | - | 408 | 400 | ||
| 408 | 1,593 | - | - | 2,001 | 9,740 | |||
| Total resources expended | 126,969 | 69,065 | 62,676 | - | 258,710 | 274,347 |
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St Peter & St Paul's PCC, Mansfield
Notes to the Financial Statements for the year ended 31st December 2020
| 4 Staff costs Salaries Social security costs Pension costs Average number of full-time equivalent employees in the year |
2020 2019 £ £ 69,312 73,277 4,015 4,595 1,370 1,312 |
|---|---|
| 74,697 79,184 |
|
| 3.71 3.86 |
During 2020 the PCC employed a verger, office secretary, centre manager, centre caretaker and children worker. There were no employees with emoluments over £60,000. There were no other disclosable transactions in respect of PCC members or persons closely connected with them or other related parties.
No adjustment has been made for any holiday pay due to employees but not taken at the year end. Holiday pay accrues over a 12 month period ending on 31st March. Holiday is taken at times which are mutually agreed and these are normally spread over the year. In the opinion of the PCC any holiday which has accrued but not yet been taken at any time is immaterial.
5 Related parties
A small immaterial portion of the expenses paid to the incumbent may have related to her services as chair of the PCC. No other payments or expenses were paid to any other PCC member, persons connected with them or related parties.
6 Tangible fixed assets
| Cost/valuation Cost at 1st January 2020 Valuation at 1st January 2020 at 31st December 2020 Depreciation at 1st January 2020 charge for the year at 31st December 2020 Net book value at 1st January 2020 at 31st December 2020 |
Freehold Freehold Equipment Total Land Building £ £ £ £ 1,736 1,736 50,000 50,000 100,000 |
Freehold Freehold Equipment Total Land Building £ £ £ £ 1,736 1,736 50,000 50,000 100,000 |
|---|---|---|
| 50,000 50,000 1,736 101,736 |
||
| 1,302 1,302 434 434 1,736 1,736 50,000 50,000 434 100,434 |
1,302 1,302 434 434 |
|
| 1,736 1,736 |
||
| 50,000 50,000 0 100,000 |
The freehold land and buildings comprises St Peter's Centre, Church Side, used as a community centre and church hall.
13
St Peter & St Paul's PCC, Mansfield
Notes to the Financial Statements for the year ended 31st December 2020
7 Investment fixed assets
| Property, 4 Baums Lane, Mansfield Property, 85 Delamere Drive, Mansfield 13534.23 CBF Investment fund shares 6178.61 CBF Investment fund shares 1496.42 CBF Investment fund units 81 CBF Investment fund units 71.06 CBF Investment fund units Movements in the year Market value at 1 January 2020 Net -loss/gain on annual revaluation Market value at 31 December 2020 |
Original Market Income Original Market cost value cost value £ £ £ £ £ 32,898 106,700 5,720 32,898 105,100 22,380 179,700 7,200 22,380 176,700 149,132 277,279 7,767 149,132 259,439 73,843 126,583 3,546 73,843 118,438 3,082 30,657 859 3,082 28,685 457 1,659 46 457 1,553 375 1,455 41 375 1,362 2019 2020 |
Original Market Income Original Market cost value cost value £ £ £ £ £ 32,898 106,700 5,720 32,898 105,100 22,380 179,700 7,200 22,380 176,700 149,132 277,279 7,767 149,132 259,439 73,843 126,583 3,546 73,843 118,438 3,082 30,657 859 3,082 28,685 457 1,659 46 457 1,553 375 1,455 41 375 1,362 2019 2020 |
|---|---|---|
| 282,167 724,033 25,179 282,167 691,277 |
||
| 2019 £ £ 691,277 627,452 32,756 63,825 724,033 691,277 2020 |
8 Leases
The investment properties at 4 Baums Lane, Mansfield and 85 Delamere Drive, Mansfield are let through agents on shorthold tenancies. The gross rents receivable at 31st December 2020 were £525 and £600 per calender month respectively.
| 9 Debtors Debtors Prepayments 10 Liabilities: amounts falling due within one year Creditors Accruals Receipts in advance |
2020 2019 £ £ 4,061 24,255 180 180 |
|---|---|
| 4,241 24,435 |
|
| 2020 2019 £ £ 6,528 8,676 100 473 600 600 |
|
| 7,228 9,749 |
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St Peter & St Paul's PCC, Mansfield
Notes to the Financial Statements for the year ended 31st December 2020
11 Fund details
| Endowment funds (all are permanent endowment funds) Fabric fund- (income restricted for fabric repairs) 1496.42 CBF Investment fund units Hameyer Trust fund- (income designated for service expenses) 81 CBF Investment fund units PCC Capital fund- (income unrestricted) Property - 4 Baums Lane Property - 85 Delamere Drive 13534.23 CBF Investment fund shares SDBF Chancel fund- (income restricted for chancel repairs) 71.06 CBF Investment fund units Restricted funds Centre Management fund Short-term deposits Cash at bank and in hand Children fund- (capital and income restricted for children) Cash at bank and in hand Debtor - tax refund Liabilities Fabric fund- (capital and income restricted for fabric repairs) Short-term deposits Cash at bank and in hand PCC Capital fund- (income unrestricted) Property - St Peter's Centre SDBF Chancel fund- (accumulated income restricted for chancel repairs) Short-term deposits Special Projects fund- (fund raising for defibrulator) Cash at bank and in hand |
2020 2019 £ £ 30,657 28,685 1,659 1,553 106,700 105,100 179,700 176,700 277,279 259,439 1,455 1,362 |
|---|---|
| 597,450 572,839 |
|
| 2020 2019 £ £ 2,000 - 26,513 - 13,347 13,977 184 -81 -824 200,113 198,413 - 5,769 100,000 100,000 324 282 250 337 |
|
| 342,466 318,138 |
Note: The Fabric fund Restricted total of £200,113 includes £181,552 remaining from a single legacy received in 2009. At the date of these accounts the application of this amount has yet to be agreed.
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St Peter & St Paul's PCC, Mansfield
Notes to the Financial Statements for the year ended 31st December 2020
| 12 Movement of the major funds General fund Incoming resources Transfers in Resources used Transfers out Net movement in fund Balance brought forward Balance carried forward Centre management fund Incoming resources Resources used Net movement in fund Balance brought forward Balance carried forward Fabric fund Incoming resources Transfers in Resources used Gain on revaluation Net movement in fund Balance brought forward Balance carried forward PCC Capital fund Transfers out Gain on revaluation Net movement in fund Balance brought forward Balance carried forward Special Projects fund Incoming resources Resources used Transfers out Net movement in fund Balance brought forward Balance carried forward |
UnrestrictedDesignated Restricted Endowment Funds Funds Funds Funds 2020 2019 £ £ £ £ £ £ 115,306 - - - 115,306 120,354 4,266 - - - 4,266 1,617 -126,969 - - - -126,969 -135,871 - - - - 0 -66 Total Funds |
|---|---|
| -7,397 - - - -7,397 -13,966 11,123 - - - 11,123 25,089 |
|
| 3,726 - - - 3,726 11,123 |
|
| - 49,633 65,000 - 114,633 70,485 - -63,297 -36,487 - -99,784 -61,216 |
|
| - -13,664 28,513 - 14,849 9,269 - 90,580 - - 90,580 81,311 |
|
| - 76,916 28,513 - 105,429 90,580 |
|
| - 18 2,853 - 2,871 42,079 - - - - 0 - - - -6,923 - -6,923 -42,371 - - - 1,972 1,972 4,520 |
|
| - 18 -4,070 1,972 -2,080 4,228 - 4,242 204,182 28,685 237,109 232,881 |
|
| - 4,260 200,112 30,657 235,029 237,109 |
|
| - - - 0 - - 8,145 - 22,440 30,585 58,845 |
|
| - 8,145 - 22,440 30,585 58,845 - 118,438 100,000 541,239 759,677 700,832 |
|
| - 126,583 100,000 563,679 790,262 759,677 |
|
| - 5 150 - 155 1,814 - -237 - -237 -1,519 - -2,877 - - -2,877 -8,162 |
|
| - -2,872 -87 - -2,959 -7,867 - 4,076 337 - 4,413 12,280 |
|
| - 1,204 250 - 1,454 4,413 |
13 Contingent liability
The freehold of St Peter's Centre was purchased on 8 November 2002 at a cost of £102,825. The deed of transfer contained a provision that if, prior to 8 November 2082, planning permission is granted for use of the property other than as a community centre and church hall, then an additional sum would be payable to the vendor calculated at 60% of any resultant increase in value.
16