2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Martin, Liskeard

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Liskeard Parochial Church Council

Registered Charity No. 1130720

Statement of accounts

for the year ended 31 December 2021

Independent Examiners: Dawe, Hawken & Dodd, Callington

Liskeard Parochial Church Council Annual Report For the year ended 31 December 2021

Introduction

The Parochial Church Council (PCC) is a registered charity, number 1130720. It is registered with the Charity Commission under the name "The Parochial Church Council of the Ecclesiastical Parish of St Martin, Liskeard", with the working name of "Liskeard PCC". The charity is also known as St Martin's Church, Liskeard.

Aims and Purposes

Our primary purpose as a church is the promotion of the Gospel of our Lord Jesus Christ, according to the doctrines and practices of the Church of England. Our main charitable purpose is therefore the advancement of religion. The PCC is required by the Parochial Church (Powers) Measure 1956 to cooperate with the parish priest (vicar) in promoting in the parish the whole mission of the church, pastoral, evangelistic, social and ecumenical.

The parish church of Liskeard is dedicated to St Martin, and is part of the Diocese of Truro within the Church of England. It is a grade II* listed Medieval church with a capacity of 550. Liskeard PCC has maintenance responsibilities for this church and thereby preserves this historic building for future generations. The PCC is also responsible for the maintenance of St Martin's Church Centre (a grade II listed building) & the lower church hall in Church Street, Liskeard.

Public benefit

In carrying out their responsibilities, the members of the PCC have had regard to the Charity Commission’s guidance on public benefit. As well as having an active church membership, St Martin's is used by the community for key events, with special services held throughout the year, such as the annual civic service and the Remembrance Day service. Special services are also held at Easter and Christmas, which many extra visitors and locals attend. The church also provides a focus for local people at key times in their lives, including baptisms, weddings and funerals. Since the disruption of so many services in 2020 due to COVID19, the PCC has been live streaming services on its YouTube channel: (https://www.youtube.com/channel/UCkQ84Zh2Q67826P_-yuxp4A).

This will continue beyond the pandemic.

One of the strengths of St Martin's is the range of services available, from the traditional sung Communion services, to the more modern services with worship led by a music group. Separate children's and youth groups are held during the 11:00 services. This provides a choice of worship styles, to make the church as accessible to as many people as possible. As last year, children's work has been difficult at times, but we have still maintained contact with families that are shielding through regularly meetings on Zoom.

The PCC’s mission statement is "Through the power of the Spirit to bring the love of Jesus to our community, to make disciples and to worship God". With this in mind, we provide support to local families and individuals through a range of activities:

Acting as a frontline support service to distribute crisis funding to those in real need.
Expanding the work of our Christians Against Poverty, an ecumenical project based in St Martin's
- Church in Liskeard and covering the Liskeard and Looe area.
Running face to face and online Alpha and Youth Alpha courses for those exploring the Christian
- faith.

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Starting to run "Kids Matter" parenting courses
Starting to run "Transforming Lives for Good" mentoring sessions with children who are
- struggling
Expanding our Carpark Carols service to allow more people to attend.
Piloting "Life Groups" where small groups meet to share and explore their faith, with the full roll out starting in February 2022.
Restarting youth activities, including launching a new monthly youth service in the second half of the year.
Restarting our ABC groups (Adults, Babies, Children).
Restarting face to face visits to two of the three primary schools in the parish under the "Open the Book" initiative, which presents the children with dramatised versions of Bible Stories.
Signing up to Eco Church, and gaining the Bronze Eco Church award.

St Martin's has an established internet and social media presence. Details of the church's services and other regular events can be obtained from the church office, the church's website (https://smartchurchliskeard.co.uk) or "A church near you" web site (www.acny.org.uk/2577/).

The church and the church centre act as venues for a huge range of community groups and the members of St Martin's Church also support a range of local and international charities in the work that they do.

Objectives and activities

The church's "Transforming Mission" project is part funded by the Church Commissioners and the Diocese of Truro. The project is designed to help St Martin's Church grow and develop into a resourcing church, helping other churches in South East Cornwall to grow as well. We do continue to grow, as a church, but the pandemic has put us behind where we had hoped to be in terms of both our own growth and supporting other churches.

In addition to the vicar (church leader) and curate, the church's Transforming Mission team includes: an operations manager; worship leader; pioneer leader (overseeing families, youth and children's work); a youth worker; a families' worker; and interns. The church also employs a CAP centre manager (Christians Against Poverty), a parish administrator; and a cleaner for the church centre complex.

Achievements and performance

Church attendance

The number on the new electoral roll for 2021-2022 was 177, comprising 143 people resident in the parish and 34 who are non-resident. The latest update resulted in 6 names being removed, and 15 new people being added to the electoral roll.

Calculating the average weekly attendance at St Martin's is much more difficult with the church being shut for some of the time, moving outdoors when the weather permitted and attendance often being online. A single online login may also represent a whole family watching on their television.

The following numbers relate to the average attendances for the last three months of 2021, excluding special Christmas services and activities (which are shown separately), and online relates to attendance via YouTube:

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9:15 Sunday service: 42 attended church on average, with 37 YouTube views.
11:00 Sunday service: 77 attended church on average, including an average of 15 children, with 64 YouTube views.
Wednesday morning communion (not online): 20 attended on average.

The total average weekly attendance for the last three months of 2021 was therefore 139 people, with 101 YouTube views.

Over Christmas, over 2,000 people attended the special services and events such as Carol services, Christingle services, the crib service, musical nativities and the Carpark carols. This is in addition to the usual service attendances.

Review of the year

The PCC met seven times during the year, including online meetings using Zoom when we were under lockdown. The day to day management of the church is undertaken by the clergy and staff team. The role of the PCC is to review, advise on and approve strategic issues, risk assessments, policies and procedures and the church's financial position.

During the year the PCC considered a range of topics, including:

Regular consideration of safeguarding; health & safety; finances; and mission activities & initiatives.
Holding a strategy day to focus on implementing the church’s vision document: https://smartchurchliskeard.co.uk/about/#vision.
Receiving updates on Transforming Mission, staffing changes and the various activities in the church.
Approving the piloting of life groups in church: https://smartchurchliskeard.co.uk/churchlife/#lifegroups.
Receiving updates on the changes to the south approach to the church and the “Making Space for Nature” project.

Marks of membership

St Martin's Church continues to promote its "marks of membership:

Regular church attendance (in person or online)
Being part of a home group
Being part of a team (such as welcoming, refreshments, audio-visual)
Giving regularly through one of our planned giving schemes

Structure, governance and management

Liskeard PCC is an unincorporated charity. The method of appointment of PCC members (who are the trustees of the charity) is set out in the Church Representation Rules. All Church attendees are encouraged to register on the electoral roll and stand for election to the PCC. PCC members are encouraged to attend relevant training days offered by the Diocese of Truro.

Reserves policy

Reserves are defined as that part of the PCC's income that is freely available. This excludes the PCC's restricted and endowment funds and income which can only be realised by selling fixed assets held for charity use.

General fund: The PCC does not intend to build up large reserves. To minimise the risk of being unable to meet all its financial obligations as they fall due, including full payment of the Mission & Ministry Fund (MMF), and be able to pay all salaries for the Transforming Mission team, the PCC is aiming to hold sufficient liquid general fund resources to meet 8 months’ running costs.

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As at 31 December 2021, the general fund resources that are readily realisable represent 9.2 months’ routine payments (2020: 7.2 months'). However, as much of the operational expenditure now goes through the Transforming Mission (TM) fund as it does the general fund. When the general and TM funds are combined, the available reserves fall to 4.6 months expenditure.

Restricted funds: The PCC does not plan to hold significant restricted funds and the PCC will seek to use the restricted funds to support the general activities of the church, within the restrictions placed on those funds. Where special needs arise, the PCC will instigate fundraising activities and appeals to meet that need.

However, the PCC is aware of the Statistics for Mission published by the Research and Statistics Department of the Archbishops' Council, and the trend towards ageing church congregations and falling church attendances. The PCC will use its restricted funds to help provide some longer term financial security whilst the underlying trend is addressed locally and nationally. In particular, as the church grows under the Transforming Mission (TM) project, the Mission Fund will be a vital resource to helping us with the transition from fully funded to financially self-sustaining.

The TM funding is tapered, with the parish contribution increasing each year. The pandemic has put the whole project behind where we had hoped to be, which has resulted in the costs, and so the grant funding, being delayed. Whilst we have the option of extending the funding period into 2026, we have chosen instead to reduce the parish contribitions from 2022 to 2025. This will help us as we continue to grow, but does result in a much steeper jump in 2026 as we go to full self-funding.

Year 2019 2020 2021 2022 2023 2024 2025 2026 Total	Original Parish contribution £0 £8,013 £18,988 £37,706 £50,099 £81,300 £118,587 £152,000	Revised parish contributions based on the latest TM budget for Liskeard Church Commissioners / Truro Diocese funding Total project cost £0 £13,369 £13,369 £8,013 £89,641 £97,654 £18,988 £117,115 £136,103 £30,000 £107,384 £137,384 £40,000 £101,136 £141,136 £60,000 £85,387 £145,387 £74,266 £75,969 £150,235 £153,199 £0 £153,199
	£466,693	£384,466 £590,000 £974,466

These parish contributions are in addition as our MMF contributions to the diocese, and our normal running costs. At 31 December 2021 the Mission Fund currently had £164,264 in it. So, on the current rate of use, the fund will be exhausted by early 2025.

Endowment fund: The PCC benefits from the Lanseaton endowment fund, which was created by the sale of property. The income from the fund can only be used for ‘ecclesiastical purposes’. In the past, the PCC has been able to use this to help finance major projects, such as the church reordering. Where such projects are foreseeable the PCC may designate the income from this fund to be used for those projects. Otherwise, the PCC will seek to use the income to support the general activities of the church, within the restrictions placed on the fund.

Summary of the results for the year

The end of 2021 saw unrealised gains in the church’s investments of £53,836. Of course, as unrealised gains, they are liable to be lost should the value of our investments fall. Given the increasing level of parish contributions to Transforming Mission, the PCC took the decision in early 2022 to sell £20,000 of our Mission Fund investments when the market is less volatile, to lock some of the gain in and convert it to cash. Together with the Mission Fund cash already held, this should provide sufficient realised gains to cover all of our parish contributions to Transforming Mission for all of 2022 and up to about May 2023.

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Summary of results for the year (continued)

The overall surplus for the year was £39,425 (2020: a loss of -£12,449). This is made up of a surplus on the general fund of £6,688 (2020: a loss of -£16,639), a loss on restricted funds of -£2,099 (2020: a loss of - £9,123) and a surplus of £34,836 on the endowment fund. (2020: a surplus of £13,313).

As in recent years the general fund continues to show an operating deficit, this year amounting to -£2,271, with the restricted funds also recording an overall deficit of -£19,973. That said, Transforming Mission and the Church reordering involved buying a considerable amount of equipment and furniture, and the overall charge to depreciation for the restricted funds amounts to close to £25,000, which is more than the deficit on restricted funds. Whilst depreciation does not involve cash payments, it must be remembered that it represents the 'using up' of the related assets. Ultimately, they will need replacing, which will involve further expenditure.

With no expenses on the endowment fund this operates at a surplus. We used almost all of the income generated by this fund to help with church maintenance and similar costs, leaving the unrealised gain in investments as the main source of the growth in the endowment fund.

As with 2020, the results for 2021 were also affected by the lockdown in the early part of the year. Our income from hall and church bookings fell again, from just below £10,000 in 2020 to about £7,500. In the four years from 2016 to 2019 the average was about £21,500, so we were down £14,000 in 2021. The amounts for planned giving, tax recoverable and collections are slightly above the pre-pandemic average, so giving is generally holding up well, as are parochial fees. Fundraising income started to recover during 2021 but remained about £2,000 below pre-COVID times. Overall, then, we have lost about £16,000 in 2021 due to COVID.

Finally, our payment towards the diocesan Mission & Ministry Fund (referred to as parish share in other dioceses) fall from £77,000 to £70,000. This is a more accurate reflection of the ministry costs for the parish, and is unlikely to fall again in future years. Indeed, we would expect it to start increasing slightly in the future.

Looking forward to 2022

Our budget for 2022 is set out on pages 20 and 21, and shows an overall deficit of -£34,450. Within this deficit is the 2022 parish contribution to Transforming Mission of £30,000. This parish contribution will continue to increase year on year, as stated on page 4. However, the Mission Fund, which currently covers the parish contribution to Transforming Mission, will run out during 2025. We will need to produce a balanced budget before that happens.

We have assumed that 2022 will start to see the recovery following COVID, and so have built increased income from the hall complex and from fundraising. In light of the focus on giving during the services at the end of January 2022 and into February, and the growth in church membership, we have built increased giving into the 2022 budget as well.

2021 ended with record prices for oil and gas. As the church's contract for gas and electricity comes up for renewal, this will likely feed into much higher costs for heat & light, which was already nearly £10,000 in 2021. We have increased the 2022 budget to reflect this.

Our church hall complex is a wonderful asset for the church, providing space many church and community activities. However, it is in desperate need of major repair work. The roof is the original 150 year old roof, with patches on patches, and the carpark area around the south side of the main hall is cracked and lets damp into the youth club area.

The PCC is currently looking to enter into two new leases for land. The first is with the Diocese of Truro, for the land next to the lower church hall carpark and behind the rectory. As the church grows there will be increased need for parking. We have negotiated a 25 year lease at a rent of £1 per annum with the diocese in exchange for granting the diocese access rights to this land over PCC property.

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Looking forward to 2022 (continue)

The second potential lease is also for 25 years at a rent of £1 per annum, this time with Cornwall Council. It is for about 1.5 acres of land next to St Martin's School. It is a community recreational field, and as part of the church's commitment to caring for creation we aim to work with the school and local community to develop part of the land into a community garden or orchard, create a nature trail and wild flower area and improve the recreational facilities on the land.

As already indicated the church hall complex is in need of a major renovation, and we aim to start this during 2022. This is likely to take several years to complete, and we will be breaking the project down into several phases:

Phase 1: consultation and design, followed by obtaining formal costings.
Phase 2: make the building watertight, which involves a full overhaul of the roof, reusing existing tiles wherever possible, and repairing the car park surface outside the south side which is allowing water into the cellars. Whilst we have the scaffolding, installing PV solar panels on the roof
- Phase 3: once the building is watertight, upgrade the cellars (youth club area).
Phase 4: make any necessary improvements to the rest of the building, based on the results of the results of the consultation process in phase 1.
Phase 5: work on the rest of the car parking area and investigate the feasibility of extending it into the diocesan land behind the rectory. Sign the 25 year lease with the diocese once the feasibility is confirmed.
Phase 6: upgrade the lower hall.

We will be seeking grant-funding for each phase of the work.

Net Zero 2030

The Church of England passed a resolution at General Synod for the whole of the Church of England to aim to be net zero emissions by 2030. This is an ambitious target, and relates to all aspects of the Church of England's activities.

As indicated in the public benefit part of this report, St Martin's Church signed up to the A Rocha Eco Church scheme, and was awarded its bronze certificate in 2021. We have mapped out our route to the silver award, and aim to achieve this is 2022.

St Martin's Church is the second largest parish church in the diocese, and is used regularly throughout the week, as is the church hall complex. Keeping these historic buildings warm and inviting is energy intensive, and whilst we are on 100% renewable electricity, the main source of heating remains gas. As the market for renewable gas develops we will explore the availability and practicality of switching to renewable gas as well.

Risk assessment

The PCC's main risk is the financial risk stemming from increasing parish contributions up to 2025 and the need to become financially self-supporting by 2026 as the grant funding for Transforming Mission comes to an end. The PCC is blessed by the existance of the Mission Fund, which helps mitigate this risk in the short-term.

The route to financial sustainability was always going to be challenging, but COVID-19 has put the church's growth plans back by two years. The emergence of a future new and agressive variant of COVID would make that challenge even more difficult.

As the church increases it work with the local schools and communities and with other parishes across the South West, another significant risk is having insufficient volunteers to support the work. The aim is for the work to help the church to grow, and so have more people available to help with the work. A lack of volunteers may slow that work and so growth down.

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Administrative information

Revd Steve Morgan is the vicar of the benefice of Liskeard & St Keyne. Initial contact with the PCC will normally be via Mrs Nikki Carter in the church office.

The address and other contact details are:

Address St Martin's Church, St Martin's Church Centre, Church Street, Liskeard, PL14 3AQ Telephone 01579 347411 E-mail office@smartchurchliskeard.co.uk Web www.smartchurchliskeard.co.uk

Parochial Church Council (PCC)

Most parish churches do not have the extensive staff team that St Martin's has, and the PCC members tend to be the vicar's main volunteers in most parishes. With the establishment of the full Transforming Mission team in 2021, and the consequent refocus of the PCC on strategic instead of operational issues, the size of the PCC reduced significantly at the Annual Parohial Church Meeting on 21 March 2021.

The members of PCC who have served since the commencement of the financial year until the approval of the accounts are set out below, along with any other responsibilities they have:

Vicar Rev Steve Morgan Curate Rev Phil Aindow Reader, General Synod, Deanery Mrs Sheri Sturgess Resigned General & Diocesan lay chair, & PCC lay chair Synods 8 Oct 21 Readers Mrs Liz Piper Resigned 21 Mar 21 Mr Ron Bennett Resigned 21 Mar 21 Church Wardens Mrs Kate Crawshaw Mr John Vincent Miss Rachael Pryor Dr Tony Piper Resigned on 30 Nov 20 Treasurer & Diocesan Synod Mr Mike Sturgess PCC Secretary Mrs Susan Hearne Resigned 21 Mar 21 Deanery Synod Mr John Kendrick-Crawshaw Mrs Janet Martin Mrs Margaret Mills Other PCC members Mrs Tiffany Biddle Resigned 21 Mar 21 Mr Mick Chandler Mrs Linda Dean Resigned 21 Mar 21 Miss Anne Purdon Resigned 21 Mar 21 Caroline Shepherd Appointed 21 Mar 21 Miss Trudy Williams Resigned 21 Mar 21

The following people attend the PCC meetings: Mrs Nikki Carter in her role as Operations Manager and PCC Secretary; and Mrs Susan Hearne in her role as PCC minute secretary

Mike Sturgess is Chair of the Truro Diocesan Board of Finance Limited and sits on the board's governing body, the Bishop's Diocesan Council. The Truro Diocesan Board of Finance is the custodian trustee holding the church hall complex and the Lanseaton Endowment Fund on behalf of Liskeard PCC, which is the managing trustee.

The PCC's independent examiner of the financial statements is Andrew Farr of Dawe, Hawken & Dodd, Callington. The PCC's bankers are HSBC, Barras Street, Liskeard, HSBC, Fore Street, St Austell and CAF Bank, Kings Hill, West Malling. The PCC's investment managers are CCLA, Queen Victoria Street, London.

Mike Sturgess, Treasurer 7 March 2022

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Liskeard Parochial Church Council Some key facts for the year ended 31 December 2021

----- Start of picture text -----
2021 Actual - weekly operating 2021 2022 2022 Budget: weekly operating
deficit actual budget deficit
Weekly deficit:
Weekly operational income Weekly … £5,115 £5,018 £432
Weekly operating expenditure £5,312 £5,450
Weekly operating deficit £197 £432
Weekly
Weeking Weekly Weekly
operating
operating income: operating operating
costs: £5,115 costs: income:
£5,312 £5,450 £5,018
----- End of picture text -----

The graphs above relate just to our core activities and include income and expenditure from the general fund and Transforming Mission fund. It excludes the other restricted and endowment funds. We have been running an operational deficit for some years and are using our reserves to fund them. The main reason for this large increase in the 2022 budgeted deficit is the reducing Transforming Mission grants. We are covering this from the reserves in the Mission Fund, but ultimately we must become fully self-financing, primarily through increased planned giving.

----- Start of picture text -----
Giving habits of
ChurchSuite members
Not Planned
planned givers:
givers:
91 (45%)
114
(55%)
----- End of picture text -----

This analysis shows where we are currently, in terms of planned giving, and have used the church's ChurchSuite membership as an indication of the current membership of the church. When considering planned giving, if one member of a family household on ChurchSuite is in a planned giving scheme, we treat all the members as being in the scheme.

In order to cover the 2022 budget deficit we need more members committed to planned giving. The number needed will depend on the level of giving. The average giving from the planned givers at the end of 2021 was £26.14 per week.

Average weekly giving for new givers	Number of new planned givers to cover the 2022 budget deficit
£5 per week	86
£10 per week	43
£15 per week	29
£20 per week	22
£25 per week	17

One of the marks of membership of our church is supporting it financially. If you have not already joined one of our planned giving schemes, we would encourage you to do so. If you are already using one of our planned giving schemes we would encourage you to consider the points below.

1. If you are a taxpayer please make your giving tax effective by paying through the gift aid scheme. This will increase the money the church gets from your giving by 25% (£2.50 for each £10 given).

2. Give proportionately - that is, a fixed percentage of your income. The biblical tithe looks at giving 10% of your income after tax.

3. Review your giving regularly. This could be annually if you have an annual pay review or pension increase.

4. Consider including a legacy in your will. If you don't have a will, then make one! It's the only sure way of ensuring that your wishes are carried out after your death.

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Liskeard Parochial Church Council Statement of Financial Activities

Note
INCOMING RESOURCES
Income from donations and legacies
2a
Income from church activities
2b
Income from other trading activities
2c
Investment income
2d
Other income
2e
RESOURCES USED
Expenditure on raising funds
3a
Expenditure on church activities
3b
Other expenditure
3c
NET INCOMING / (OUTGOING) RESOURCES
BEFORE INVESTMENT GAINS
GAINS AND LOSSES ON INVESTMENTS
Investment gains / (losses)
- Realised gains / (losses)
- Unrealised gains / (losses)
TRANSFERS BETWEEN FUNDS
Transfer into funds
14
Transfer out of funds
14
NET MOVEMENT IN FUNDS
Opening balances
BALANCES C/FWD AT 31 December 2021
For the year ended 31 December 2021

____ 2020 ________
Unrestricted
Restricted
Endowment
Total
Unrestricted
Restricted
Endowment
Total
Funds
Funds
Funds
Funds
Funds
Funds
£
£
£
£
£
£
£
£
115,430
174,191
0
289,621
117,817
174,923
0
292,740
14,122
0
0
14,122
14,367
0
0
14,367
3,509
0
0
3,509
2,101
1,615
0
3,716
2,676
26
7,833
10,535
2,488
247
7,576
10,311
4,205
9,564
0
13,769
5,261
2,138
0
7,399
£139,942
£183,781
£7,833
£331,556
£142,034
£178,923
£7,576
£328,533
1,910
25
0
1,935
368
100
0
468
137,907
193,617
0
331,524
164,506
190,471
0
354,977
2,396
10,112
0
12,508
2,339
7,982
0
10,321
£142,213
£203,754
£0
£345,967
£167,213
£198,553
£0
£365,766
(2,271)
(19,973)
7,833
(14,411)
(25,179)
(19,630)
7,576
(37,233)
0
0
0
0
0
752
0
752
204
19,031
34,601
53,836
114
10,606
13,313
24,033
(2,067)
(942)
42,434
39,425
(25,065)
(8,272)
20,889
(12,448)
9,794
20,027
0
29,821
9,426
9,013
0
18,439
(1,039)
(21,184)
(7,598)
(29,821)
(1,000)
(9,864)
(7,576)
(18,440)
£6,688
(£2,099)
£34,836
£39,425
(£16,639)
(£9,123)
£13,313
(£12,449)
110,471
357,783
269,985
738,239
127,110
366,902
256,672
750,684
£117,159
£355,684
£304,821
£777,664
£110,471
£357,779
£269,985
£738,235
___ 2021 ___

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Liskeard Parochial Church Council Balance Sheet

For the year ended 31 December 2021 Notes FIXED ASSETS Tangible Fixed Assets 6 Investments 7 CURRENT ASSETS Debtors 8 Cash at bank and in hand 9 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR 10 NET CURRENT ASSETS LIABILITIES: AMOUNTS FALLING DUE IN MORE THAN ONE YEAR NET ASSETS FUNDS Opening balances Surplus / (deficit) Transfers 14 Realised and unrealised gains/(losses) TOTAL FUNDS AT 31 December 2021 11 These financial statements were approved by the PCC and signed on its behalf by: _	Unrestricted Restricted Endowment Funds Funds Funds £ £ £ 7,664 154,756 0 4,105 144,367 304,587 11,769 299,123 304,587 18,966 64 0 90,200 59,040 234 109,166 59,104 234 3,776 2,543 0 105,390 56,561 234 0 0 0 £117,159 £355,684 £304,821 110,471 357,783 269,985 (2,271) (19,973) 7,833 8,755 (1,157) (7,598) 204 19,031 34,601 £117,159 £355,684 £304,821 on 7 March 2022. __ 2021 ____	Total Unrestricted Restricted Endowment Total 2021 Funds Funds Funds 2020 £ £ £ £ £ 162,420 10,498 167,345 0 177,843 453,059 3,901 125,336 269,985 399,222 615,479 14,399 292,681 269,985 577,065 19,030 12,044 2,122 0 14,166 149,474 86,876 67,826 0 154,702 168,504 98,920 69,948 0 168,868 6,319 2,848 4,850 0 7,698 162,185 96,072 65,098 0 161,170 0 0 0 0 0 £777,664 £110,471 £357,779 £269,985 £738,235 738,239 127,110 366,906 256,672 750,688 (14,411) (25,179) (19,630) 7,576 (37,233) 0 8,426 (851) (7,576) (1) 53,836 114 11,358 13,313 24,785 £777,664 £110,471 £357,783 £269,985 £738,239 Mike Sturgess Steve Morgan Treasurer Rector ____ 2020 ________ _____

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Liskeard Parochial Church Council Notes to the accounts For the year ended 31 December 2021

1 ACCOUNTING POLICIES

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared:

under the Charities Act 2011: and
in accordance with the Church Accounting Regulations governing the individual accounts of PCCs, and with the Regulations’ “true and fair view” provisions;
together with FRS102 as the applicable accounting standards; and
the 2019 version of the Statement of Recommended Practice: Accounting and Reporting by Charities (SORP(FRS102)).

The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at fair value.

Funds

General funds (or unrestricted funds) represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC.

Restricted funds are those that must be spent on restricted purposes. Endowment funds only allow the income generated by the capital to be expended, and then only on the restricted purpose of the fund. Details of the various funds held by the PCC are provided in note 10.

The accounts 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.

Incoming Resources

Income and endowments are included in the Statement of Financial Activities (SOFA) when:

the PCC becomes legally entitled to the use of the resources; and
inflow of economic benefit is probable; and
the monetary value can be measured with sufficient reliability.

In practice, this means that:

Collections are recognised when received by or on behalf of the PCC.
Planned giving receivable under gift aid is recognised only when received.
Tax recoverable on gift aid donations and under the Gift Aid Small Donations Scheme is recognised when the related income is recognised.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain.
Funds raised by fundraising events are accounted for gross.
Sales of books, cards and magazines are accounted for gross.
Monies received from external users of the church and church halls are recognised in the same period as the related usage.
Investment income is accounted for when receivable.
Investment gains or losses are recognised when investments are sold and on revaluation of investments at 31 December.

Resources used

Grants awarded by the PCC and donations made are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
The diocesan Mission & Ministry Fund (MMF) is accounted for when payable. Any MMF unpaid at 31 December is provided for in the financial statements as an operational (though not legal) liability and is shown as a creditor.

Page 11

Liskeard Parochial Church Council Notes to the accounts For the year ended 31 December 2021

1 ACCOUNTING POLICIES cont.

Fixed assets

Consecrated land and buildings and movable church furnishings

St Martin’s Church in Liskeard, as consecrated and beneficed property, is excluded from the accounts by section 10(2)(a) and (c) of the Charities Act 2011.
No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal, since the PCC considers this to be inalienable property.
All expenditure incurred during the year on consecrated or benefice buildings and maintenance or improvements of movable church furnishings is written off as expenditure in the SOFA and separately disclosed. As a result, the costs of any major works are written off during the year incurred.

Church hall complex

The church hall complex is depreciated at 2% per annum straight-line based on an estimated 50 yearlife. The PCC has taken advantage of the transitioning provisions of the Charities SORP (FRS 102) 2015 to “freeze” the cost as shown in the financial statements at 1 January 2015, as a substitute for the historic cost of the church hall complex.

Solar panels

The solar panels on the church roof are depreciated on a straight-line basis over 20 years, which is their expected operational life.

Reordering furniture and equipment

All assets are depreciated on a straight-line basis. The chairs and tables for the church that were bought during the reordering are depreciated over 10 years; the audio-visual and CCTV equipment are depreciated over 5 years, and the computers over 3 years.

Other fixtures, fittings and office equipment

Equipment used within the church premises is depreciated on a straight-line basis over 4 years. Computer equipment is depreciated on a straight-line basis over 3 years. Individual items of equipment with a purchase price of £100 or less are written off when the asset is acquired unless part of a larger system acquired at the same time.
Investments
Investments are valued at market value at 31 December each year.

Current assets

Amounts owing to the PCC at 31 December in respect of fees, use of the church or church halls or other income are shown as debtors less provision for amounts that may prove not to be collectable.
Cash at bank includes cash held on deposit either with the CBF Church of England Funds or at the bank.

Page 12

Liskeard Parochial Church Council Notes to the accounts

Unrestricted Restricted Endowment Funds Funds Funds £ £ £ ___ 2021 _____	Total Unrestricted Restricted Endowment Funds Funds Funds £ £ £ £ ____ ____ 2020 ____	Total Unrestricted Restricted Endowment Funds Funds Funds £ £ £ £ ____ ____ 2020 ____	Total £ __
38,722 2,980 0 20,482 574 0 28,938 2,070 0 1,239 0 0 6,513 133,133 0 10,182 34,879 0 1,683 555 0 7,671 0 0	41,702 21,056 31,008 1,239 139,646 45,061 2,238 7,671	44,095 1,980 0 24,080 5,607 0 19,694 1,940 0 2,017 0 0 16,305 98,049 0 11,478 67,347 0 148 0 0 0 0 0	46,075 29,687 21,634 2,017 114,354 78,825 148 0
115,430 174,191 0	289,621	117,817 174,923 0	292,740
7,464 0 0 91 0 0 6,567 0 0	7,464 91 6,567	9,507 0 0 339 0 0 4,521 0 0	9,507 339 4,521
14,122 0 0	14,122	14,367 0 0	14,367
158 0 0 3,351 0 0	158 3,351	164 0 0 1,937 1,615 0	164 3,552
3,509 0 0	3,509	2,101 1,615 0	3,716
17 0 7,832 35 26 1 2,624 0 0	7,849 62 2,624	29 0 7,563 234 247 13 2,225 0 0	7,592 494 2,225
2,676 26 7,833	10,535	2,488 247 7,576	10,311
4,205 9,564 0	13,769	5,261 2,138 0	7,399
4,205 9,564 0	13,769	5,261 2,138 0	7,399

139,942 183,781 7,833	331,556	142,034 178,923 7,576	328,533

142,213 203,754 0	345,967	167,213 198,553 0	365,766

(£2,271) (£19,973) £7,833	(£14,411)	(£25,179) (£19,630) £7,576	(£37,233)

2 Miscellaneous income for 2020 includes £3,000 Job Retention Scheme grants for furloughed staff, and £2,100 contribution from South West Youth Ministry (SWYM) for support provided. In 2021 £9,141 received from the Job Retention Scheme has been included in grants (see note 12) and split between the general fund and Transforming Mission.

Page 13

Liskeard Parochial Church Council Notes to the accounts For the year ended 31 December 2021

Unrestricted Restricted Endowment Funds Funds Funds £ £ £ ___ 2021 _____	Total Unrestricted Restricted Endowment Funds Funds Funds £ £ £ £ ____ __ 2020 _	Total Unrestricted Restricted Endowment Funds Funds Funds £ £ £ £ ____ __ 2020 _	Total £ ___
1,004 0 0 0 0 0 906 25 0	1,004 0 931	167 0 0 158 0 0 43 100 0	167 158 143
1,910 25 0	1,935	368 100 0	468
4,096 0 0 29 0 0 1,588 9,493 0 231 0 0	4,096 29 11,081 231	1,851 0 0 0 0 0 688 7,223 0 0 0 0	1,851 0 7,911 0
5,944 9,493 0 70,000 0 0 5,637 0 0 0 70,693 0 2,228 0 0 14,666 0 0 7,646 486 0 1,882 0 0 887 0 0 50 0 0 118 2,935 0 16,651 0 0 0 24,601 0 9,364 57,259 0 2,834 23,850 0 0 1,500 0 0 2,800 0	15,437 70,000 5,637 70,693 2,228 14,666 8,132 1,882 887 50 3,053 16,651 24,601	2,539 7,223 0 77,000 0 0 3,596 0 0 0 33,937 0 1,200 0 0 13,652 0 0 7,756 458 0 2,231 0 0 310 319 0 68 0 0 448 8,763 0 13,344 0 0 29,709 68,495 0 8,621 46,639 0 4,032 20,337 0 0 1,500 0 0 2,800 0	9,762 77,000 3,596 33,937 1,200 13,652 8,214 2,231 629 68 9,211 13,344 98,204
	66,623		55,260
	26,684 1,500 2,800		24,369 1,500 2,800
137,907 193,617 0	331,524	164,506 190,471 0	354,977
948 0 0 271 0 0 146 0 0 1,031 10,112 0	948 271 146 11,143	918 0 0 144 0 0 51 3 0 1,226 7,979 0	918 144 54 9,205
2,396 10,112 0	12,508	2,339 7,982 0	10,321

142,213 203,754 0	345,967	167,213 198,553 0	365,766

Page 14

Liskeard Parochial Church Council Notes to the accounts For the year ended 31 December 2021

4 MISSIONARY GIVING

The summary below sets out the financial aspect of the mission giving for the year. This sums relate to monies given to, or goods bought for individuals and external organisations. Most of our mission expenditure relates to internal costs incurred during mission activities which was funded from a mixture of grants received from third parties and donations. See the annual report for a summary of the various activities undertaken for 2021.

Organisation / activity Help for those in need through ACTS 435 Crisis funding for those in need Supporting missionary church family Liskeard & Looe CAP Centre Foodbank Royal British Legion Children's Society Tear Fund Cornwall Historic Churches Trust Blessings bags Liskeard Churches Together Christmas hampers and toys Simeon's Trustees Liskeard Show Try praying Open the Book Good Book & Grub Club 5 EMPLOYMENT COSTS Wages and salaries Tax and social security costs Pension costs	2021 2020 £ £ 10,112 1,150 2,828 1,851 2,266 2,202 1,000 1,000 431 40 231 0 52 26 50 0 25 25 4,536 502 182 175 170 159 44 41
	£16,995 £10,953
	2021 2020 £ £ 102,055 77,964 21,044 12,268 11,248 7,765
	£134,347 £97,998

The PCC employed the following people during the year:

TM (Transforming Mission):

Nikki Carter as operations manager;
Niall Dunne as worship leader;
Grace Kanungha as Pioneer leader, heading up the families, youth and children's work;
Liam Hathway, as youth worker; and
Sandra Mitchell as families worker.

CAP (Christians Against Poverty)

Darren Arulvasagam, as CAP centre manager.

Office / hall complex

Melissa Purchall as the parish administrator; and
Linda Chandler as the church hall cleaner.

Together, these employees equate to 5.42 full-time equivalent employees.

Page 15

Liskeard Parochial Church Council Notes to the accounts For the year ended 31 December 2021

6 TANGIBLE FIXED ASSETS FOR USE BY THE PCC

Gross book value At 31 January 2021 Additions Written off At 31 December 2021 Depreciation / Impairment At 31 January 2021 Charge for the year Written off At 31 December 2021 Net book value At 31 January 2021 At 31 December 2021	Freehold land and buildings General Fund: Equipment Solar panels Reordering equipment Transforming Mission CAP & ABC Total £ £ £ £ £ £ £ 408,308 33,546 30,460 88,585 24,746 1,776 587,421 15,561 15,561 0
	408,308 33,546 30,460 88,585 40,307 1,776 602,982
	321,508 23,048 13,500 43,218 7007 1,299 409,580 2,800 2,834 1,500 14,272 9,190 388 30,984 0
	324,308 25,882 15,000 57,490 16,197 1,687 440,564

	£86,800 £10,498 £16,960 £45,367 £17,739 £477 £177,841

	£84,000 £7,664 £15,460 £31,095 £24,110 £89 £162,418

The freehold land and buildings comprise the Church Centre and Lower Church Hall at Church Street. The Church hall complex continue to be depreciated in line with the PCC's accounting policy.

Included in CAP & ABC is IT equipment for CAP with a gross cost £890, and a net book value of £Nil. The ABC assets have a gross cost of £886, and a net book value of £89.

7 INVESTMENTS Fund name Nature of fund General fund Unrestricted Lanseaton Endowment Mission fund Restricted Bells fund Restricted	2020 Unrealised gain at 31 Dec 21 2021 £ £ £ 3,901 204 4,105 269,985 34,602 304,587 119,726 18,179 137,905 5,610 852 6,462
	£399,222 £53,837 £453,059

Page 16

Liskeard Parochial Church Council Notes to the accounts For the year ended 31 December 2021

8 DEBTORS

DEBTORS
Grant receivable Income tax recoverable Prepayments Other debtors	£ £ £ £ £ £ £ Unrestricted CAP fund Total Unrestricted CAP fund Toys & Hampers Total 1,700 £1,700 1,231 64 1,295 717 149 172 £1,038 7,146 7,146 6,903 £6,903 10,589 10,589 4,424 101 £4,525 <---------------------2021----------------------> <-----------------------------2020----------------------------->
	£18,966 £64 £19,030 £12,044 £149 £1,973 £14,166

Unrestricted other debtors includes parochial fees due to the PCC for the quarter to December, and some income for December hall bookings. The 2021 figure also includes a £5,000 unrestricted legacy due to the PCC.

9 CASH AND BANK

CASH AND BANK
	Unrestricted	Mission fund	CAP	Organ fund	Transforming Mission	Other restricted funds	Lanseaton Endowment Fund	Total
Balance at 31 December 2021	£90,200	£26,360	£24,407	£3,119	£1,872	£3,282	£234	£149,474
Balance at 31 December 2020	£86,876	£42,527	£18,105	£3,604	-£384	£3,974	£0	£154,702
LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
	<-------------------------------------2021-------------------------------------->					<-------------------2020-------------------->
	£	£	£	£	£	£	£	£
	Unrestricted	Poverty fund	CAP	Transforming Mission	Total	Unrestricted	Restricted funds	Total
Creditors	3,776	90	150	2,303	6,319	2,848	4,850	7,698
	£3,776	£90	£150	£2,303	£6,319	£2,848	£4,850	£7,698

10 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR

Restricted fund for 2020 comprise: £4,735 for Transforming Mission; and £115 for poverty fund.

Page 17

Liskeard Parochial Church Council Notes to the accounts For the year ended 31 December 2021

11 FUND DETAILS

Unrestricted funds

This represents funds at the disposal of the PCC, which may use them in any way that it sees fit.

Restricted funds

Restricted funds represent monies given for a specific purpose, and may only be used for that purpose. These funds are not available to the PCC for use towards the general running of the church. The various restricted funds are:

Name of fund	Main purpose of fund	Main sources of income
ABC fund	Support of the adults, babies & children group	Subscriptions and fundraising
Bells fund	Restoration and maintenance of the bells	Donations, grants and fees
CAP (Christians Against Poverty)	Fund the Liskeard & Looe CAP debt centre that is based in St Martin's church	Donations, and grants
Choir fund	Purchase of music and robes for the choir	Subscriptions by the choir
Church hall fund	This fund comprises the church hall complex	Past donations
Church reordering	This fund financed the 2018 / 2019 reordering of St Martin's Church. The fund now represents fixed assets bought as part of the reordering, which are being depreciated.	Donations, grants and fundraising
Fabric fund	Maintenance of the organ and the fabric of the church	Legacies and donations
Toys & hampers fund	To provide Christmas hampers for local families in need and Christmas presents for children who would otherwise receive none. This is now done through the CAP fund.	External grants and donations
Mission fund	Finance mission activities by St Martin's Church.	Single donation and associated gift aid
Organ fund	Finance the complete refurbishment of St Martin's Lewis pipe organ and subsequent maintenance.	Single donation
Organ scholarship fund	Finance lessons for scholars on playing the Lewis pipe organ	Single donation
Poverty fund	To provide emergency support to those in extreme need	Grants
Solar panels fund	Installation of solar panels on St Martin's Church	Donations and fundraising
Transforming Mission	Financing of the Transforming Mission (TM) Project at St Martin's Church	Grant from the Diocese of Truro & the Church Commissioners, plus ongoing support from the Mission fund

The Mission Fund may only be used for mission activities as defined by the "Five Marks of Mission" set out by the Archbishops of the Anglican Communion. It is primarily used for the parish contribution to Transforming Mission.

Endowment funds

Endowment funds represent funds where the capital invested may not be used; only the income generated from that capital. The fund arose from the sale of the farm and land at Lanseaton and Lanchard. The income from this fund may only be used for ecclesiastical purposes. The capital in this fund is required to be vested in the Diocesan Board of Finance as custodian trustee, but the PCC receives and controls the way that the income is spent, provided always that it is restricted to ecclesiastical purposes. The Lanseaton fund is a permanent endowment fund. It can never be converted to income available to the PCC.

Fund balances

Details of the various fund movements and balances are given in note 12.

Page 18

Liskeard Parochial Church Council Notes to the accounts For the year ended 31 December 2021

12 DETAILS OF FUNDS

DETAILS OF FUNDS
INCOMING RESOURCES Income from donations and legacies Income from church activities Income from other trading activities Investment income Other income RESOURCES USED Expenditure on raising funds Expenditure on church activities Other expenditure NET INCOMING / (OUTGOING) RESOURCES BEFORE INVESTMENT GAINS GAINS AND LOSSES ON INVESTMENTS Impairment of fixed assets Investment gains / (losses) - Realised gains / (losses) - Unrealised gains / (losses) NET MOVEMENT IN FUNDS TRANSFERS BETWEEN FUNDS Transfer into funds Transfer out of funds NET MOVEMENT IN FUNDS Opening balances BALANCES C/FWD AT 31 December 2021	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Fabric fund Organ fund Organ scholarship Poverty fund Toys & Hampers Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ £ 289,621 115,430 0 5,000 126,063 17,917 0 0 0 113 0 0 24,601 0 0 600 -103 14,122 14,122 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 3,509 3,509 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 10,535 2,676 7,833 16 0 7 0 0 0 0 0 0 0 1 1 1 0 13,769 4,205 0 0 0 9,445 0 0 0 115 0 0 0 0 0 0 4
	331,556 139,942 7,833 5,016 126,063 27,369 0 0 0 228 0 0 24,601 1 1 601 -99
	1,935 1,910 0 0 25 0 0 0 0 0 0 0 0 0 0 0 0 331,524 137,907 0 0 132,228 14,431 14,272 2,800 1,500 471 0 0 24,601 486 0 2,828 0 12,508 2,396 0 0 1,740 8,169 0 0 0 0 0 0 0 0 203 0 0
	345,967 142,213 0 0 133,993 22,600 14,272 2,800 1,500 471 0 0 24,601 486 203 2,828 0
	-14,411 -2,271 7,833 5,016 -7,930 4,769 -14,272 -2,800 -1,500 -243 0 0 0 -485 -202 -2,227 -99 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 53,836 204 34,601 18,179 0 0 0 0 0 0 852 0 0 0 0 0 0
	39,425 -2,067 42,434 23,195 -7,930 4,769 -14,272 -2,800 -1,500 -243 852 0 0 -485 -202 -2,227 -99 29,821 9,794 0 0 18,988 1,000 0 0 0 0 0 0 0 0 0 0 39 -29,821 -1,039 -7,598 -21,184 0 0 0 0 0 0 0 0 0 0 0 0 0
	39,425 6,688 34,836 2,011 11,058 5,769 -14,272 -2,800 -1,500 -243 852 0 0 -485 -202 -2,227 -60 738,235 110,471 269,985 162,253 12,619 18,551 45,369 86,800 16,960 1,027 5,268 1,010 0 3,605 1,501 2,756 60
	777,660 117,159 304,821 164,264 23,677 24,320 31,097 84,000 15,460 784 6,120 1,010 0 3,120 1,299 529 0

<================================================ Restricted funds total: £355,680 ========================================================>

Page 19

Liskeard Parochial Church Council Notes to the accounts For the year ended 31 December 2021

13 ANALYSIS OF GRANTS RECEIVED

Main funder Details Diocese of Truro Transforming Mission HMRC Job Retention Scheme (see note below) Funding towards CAP Centre Local churches Other grants Cornwall Community fund CAP funding Poverty funding Liskeard Town Council Carpark carols grant Benefice contributions Dobwalls contribution towards MMF Listed Places of Worship Scheme VAT refund on church maintenance Defra grant Christmas toys & hampers Bristol University Internship grant Grand total	Total from main funder Amount of grants 2020 116,450 79,779 116,450 9,141 3,007 9,141 5,930 7,260 4,930 1,000 2,750 5,974 2,250 500 500 £4,940 500 3,296 £2,992 3,296 490 10,690 490 £1,700 £1,149
	£138,557 £138,557 £117,491

Main funder
Details
Diocese of Truro
Transforming Mission
HMRC
Job Retention Scheme (see note below)
Funding towards CAP Centre
Local churches
Other grants
Cornwall Community fund
CAP funding
Poverty funding
Liskeard Town Council
Carpark carols grant
Benefice contributions
Dobwalls contribution towards MMF
Listed Places of Worship Scheme
VAT refund on church maintenance
Defra grant
Christmas toys & hampers
Bristol University
Internship grant
Grand total

Total from
main funder
Amount of
grants
2020
116,450
79,779
116,450
9,141
3,007
9,141
5,930
7,260
4,930
1,000
2,750
5,974
2,250
500
500
£4,940
500
3,296
£2,992
3,296
490
10,690
490
£1,700
£1,149

£138,557
£138,557
£117,491

In 2020 the church received £3,007 under the Job Retention Scheme. This was recorded in miscellaneous income in the 2020 accounts. The comparatives above have been adjusted for consistency.

14 TRANSFERS BETWEEN FUNDS

The 2021 transfers between the various funds, with their reasons, were: Transfer from Mission fund into Transforming Mission re the parish contibution to TM costs Transfer from Lanseaton into General Fund re church maintenance Transfer from General fund into CAP re St Martin's contribution to CAP Transfer from General fund into Toys & hampers fund to cover the 2020 overspend Transfer from Mission fund into General Fund re support of church members on overseas mission work	£ £18,989 £7,598 £2,196 £1,000 £39
	£29,822

The 2021 transfers between the various funds, with their reasons, were:
Transfer from Mission fund into Transforming Mission re the parish contibution to TM costs
Transfer from Lanseaton into General Fund re church maintenance
Transfer from General fund into CAP re St Martin's contribution to CAP
Transfer from General fund into Toys & hampers fund to cover the 2020 overspend
Transfer from Mission fund into General Fund re support of church members on overseas mission
work

£
£18,989
£7,598
£2,196
£1,000
£39

£29,822

15 FUTURE EXPENDITURE

There was no contracted project or transaction at the end of the year.

16 TRANSACTIONS WITH MEMBERS OF THE PCC DURING THE YEAR

The following note discloses the transactions throughout the year relating to individuals who were members of the PCC at any time during the year. The note includes payments made to family members as well as the PCC members themselves. The church office did not have a debit card, so PCC members often bought things on behalf of the PCC and reclaimed the costs later. In December 2021 a new CAF bank account was opened and debit cards obtained, which will significantly reduce the need for transactions with PCC members in the future.

PCC Member Tony Piper Steve Morgan Mike Sturgess Mick Chandler Phil Aindow Rachael Pryor Reimbursement of PCC costs incurred Salary (of Linda Chandler) and reimbursement of PCC costs incurred Reimbursement of PCC costs incurred Clergy expenses and reimbursement of PCC costs incurred Clergy expenses and reimbursement of PCC costs incurred. Reimbursement of PCC costs incurred Description of transactions	Amount £9,164 £4,109 £2,707 £2,479 £972 £80
	£19,511

PCC Member
Tony Piper
Steve Morgan
Mike Sturgess
Mick Chandler
Phil Aindow
Rachael Pryor
Reimbursement of PCC costs incurred
Salary (of Linda Chandler) and reimbursement of PCC costs incurred
Reimbursement of PCC costs incurred
Clergy expenses and reimbursement of PCC costs incurred
Clergy expenses and reimbursement of PCC costs incurred.
Reimbursement of PCC costs incurred
Description of transactions

Amount
£9,164
£4,109
£2,707
£2,479
£972
£80

£19,511

Page 20

Liskeard Parochial Church Council

Budget for the year ended 31 December 2022

TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £
62,800	60,000				2,800
17,700	17,000				700
28,500	27,000				1,500
1,000	1,000
128,400	4,000			107,400	15,000			2,000
9,000	9,000
3,000	2,000				1,000
0
250,400 120,000 0 0 107,400 21,000 0 0 0 0 0 0 0 0 2,000

15,000	15,000
500	500
7,500	7,500
23,000 23,000 0 0 0 0 0 0 0 0 0 0 0 0 0

1,000	1,000
5,000	5,000
6,000 6,000 0 0 0 0 0 0 0 0 0 0 0 0 0

7,820	20	7,800
30	30
2,500	2,500
0
10,350 2,550 7,800 0 0 0 0 0 0 0 0 0 0 0 0

0
2,200	2,000					200	0
2,200 2,000 0 0 0 0 0 0 0 200 0 0 0 0 0
291,950 153,550 7,800 0 107,400 21,000 0 0 0 200 0 0 0 0 2,000 326,400 138,400 0 0 145,000 19,500 14,300 2,800 1,500 400 1,000 0 500 500 2,500
-34,450 15,150 7,800 0 -37,600 1,500 -14,300 -2,800 -1,500 -200 -1,000 0 -500 -500 -500
40,000	10,000			30,000
-40,000		-7,800	-32,200
-34,450 25,150 0 -32,200 -7,600 1,500 -14,300 -2,800 -1,500 -200 -1,000 0 -500 -500 -500 777,660 117,159 304,821 164,264 23,677 24,320 31,097 84,000 15,460 784 6,120 1,010 1,299 3,120 529
743,210 142,309 304,821 132,064 16,077 25,820 16,797 81,200 13,960 584 5,120 1,010 799 2,620 29

<======================================= Restricted funds total: £296,080 ==============================================>

Page 21

Liskeard Parochial Church Council

Budget for the year ended 31 December 2022

TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £	TOTAL General Lanseaton Mission fund Transforming Mission CAP Church reordering Church Hall fund Solar panels ABC Bells fund Choir fund Organ scholarship Organ fund Poverty fund Unrestricted Endowment Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted Restricted £ £ £ £ £ £ £ £ £ £ £ £ £ £
600	600
0
400	200	200
1,000 800 0 0 200 0 0 0 0 0 0 0 0 0 0

2,400	2,400
200	200
6,400	400		3,500								2,500
200	200

70,000	70,000
4,000	4,000
99,800		99,800
2,300	2,300
18,800	18,000	800
6,500	5,000							1,000		500
2,000	2,000
800	800
2,100	200	1,400							500
4,600	100	4,200					300
17,000	17,000
3,000	3,000
53,200	7,000	30,200	16,000
29,100	2,000	8,400		14,300	2,800	1,500	100
322,400 134,600 0 0 144,800 19,500 14,300 2,800 1,500 400 1,000 0 500 500 2,500

900	900
150	150
750	750
1,200	1,200
3,000 3,000 0 0 0 0 0 0 0 0 0 0 0 0 0

326,400 138,400 0 0 145,000 19,500 14,300 2,800 1,500 400 1,000 0 500 500 2,500

Page 22

Liskeard Parochial Church Council Summary Financial Report For the year ended 31 December 2021

What is our church really worth?	Notes	2021		2020
		£	£	£	£
Total 'worth' of the church (according to the accounts)			777,660		738,235
Less: assets that we cannot spend
Our church hall complex		84,000		86,800
Solar panels		15,460		16,960
Church reordering furniture and equipment		31,097		45,369
Other equipment and furniture used for Transforming Mission, CAP and ABC		24,200		18,217
Computers and other assets used in the church office		7,664		10,498
Capital investment from the original sale of Lanseaton Farm (at market value)		304,587		269,985
			467,008		447,829
			310,652		290,406
Less: assets that we can only spend on specific projects
Accumulated income from Lanseaton that can only be used for restricted purposes	1	234		0
Cash and investments for spending on mission activities only	2	164,264		162,253
Cash for spending on the church bells		6,120		5,268
Cash for spending on the organ		3,120		3,605
Cash for spending on ABC		694		846
Cash for spending on Christmas hampers & toys		0		60
Cash for spending on Transforming Mission		(433)		(5,120)
Cash for spending on the Choir		1,010		1,010
Cash for spending on the organ scholarship		1,299		1,501
Cash for spending on those suffering from poverty		529		2,756
Cash for spending on Christians Against Poverty (CAP)		24,320		18,254
			201,157		190,433
Total money and other assets that the PCC may do with as it chooses			109,495		99,973
Which consists of:
Money held as investments		4,105		3,901
Money owed to the church by others		18,966		12,044
Cash at the bank and petty cash held		90,200		86,876
		113,271		102,821
Money that the church owes to others		(3,776)		(2,848)

			109,495		99,973
Notes

1 Lanseaton income can only be used for 'ecclesiastical purposes'. However, this is quite a wide definition, relating to anything to do with the church building or the ministry or mission of the church.

2 The Mission Fund may only be used for mission activities as defined by the "Five Marks of Mission" set out by the Archbishops of the Anglican Communion. Its primary purpose now is to meet or contribute to the parish contributions under Transforming Mission.

Page 23

INDEPENDENT EXAMINER’S REPORT

TO THE PAROCHIAL CHURCH COUNCIL (PCC) OF ST. MARTIN’S, LISKEARD ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021

I report on the accounts for the year ended 31 December 2021 which are set out on pages 9 to 20.

Respective Responsibilities of the PCC and the Independent Examiner

The PCC is responsible for the preparation of the accounts. The PCC considers that an audit is not required for this year under section 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 under section 145 of the 2011 Act;
follow the procedures laid down in the Charity Commissioner under section 145(5)(b) of the 2011 Act; and
state whether particular matters have come to my attention.

Basis of Independent Examiner’s Statement

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 PCC 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 the PCC 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 next statement.

Independent Examiner’s Statement

In connection with my examination, no matters have 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 2011 Act; or
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.

A.M. Farr, F.C.C.A. 3 March 2022 DAWE, HAWKEN & DODD Chartered Certified Accountants 52 Fore Street, Callington, PL17 7AJ