The Parochial Church Council All Saints Church, Trull Annual Report and Financial Statements for the year ended 31 December 2020 Incumbent= Rev Andrew Wadsworth The Rectory. Wild Oak Lane, TTull. Taunton TA3 7JT Parish offi.. Trull Church Community Centre, Church Road, Trull. Taunton TA3 7JZ Bank". HSBC Bank plc 17 North Street. Taunton TA1 1NA PCC All Saints fnjll is a Registered Charity no. 1130899 Contents Annual Report of the Council Report of the Independent Examiner ststement of Financial Activities Balance Sheet Notss to the Financial Ststements 10
PCC of All Saints Church. Trull Annual Report for the year ended 31 December 2020 Background All Saints Trull PCC has the responsibilty of cwperating with the incumbent in promoting in the ecclesrastical parish the vthole mission of the ¢hur¢h.' pastoral, evangelistic, social and ecumenical. Membgrnhlp Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules. The PCC also has the power to Co-opt members as vacancvas arise. During the year the fr)1wIng served as members of the PCC.. Incumbent Rev Andrew Wadsworth Chairman Youth Worter Ghildrgn & Families w0er Reader Churchwardens Mrs Ruth Slade MIS Libby Culhbertson Mr David Shafpe Mrs Anne Lavffence Mrs Liz Willis TSSurer, Vi¢&Chaimian RepSentativeS on the Deanery Synod Mr Mark Richmond Mrs Judy Reeves Dr Allison Saltrese Mr Simon Howell Mr Guy Price until October Safeguarding Officer until October trom October from October Elected Members Mrs Sue Allen Mr Paul Bai Mrs Anne Bird Mrs Suzy Cla Mrs Kay DaniekTrowell Mr Andrew Dunningham Mrs Barbara Finch Mr Kevin Hamer Mrs Michele Sander3 Miss Diana Scholes Dr Marie Simmonds Mr Martin Sumpter Mrs Averil Taylor Secretary from OGtober until October untsl October unbl IAay until January 2021 until October from October until OGft)b&r from October Commlttees The Standing Committee Ichairnian, Churchwardens, Secretsry, Treasurer). which is a legal requirement has the powers to transact the business of the PCC between meetsngs. subject to directions given by the Council. For some areas of church life, the PCC operates through teams le.g. Communications, Mission) that meet betren, and port to, full meetings . page I
PCC of All Salnts Chur¢h, Trull Annual Rèport for the year ended 31 Decembor 2020 {connued) The greatest ¢halknge in 2020 to the PCC fijlfilling its charitable objectives and providing public benefit was the impa¢t of the COVID-19 pandemic from March onwards, which bs fefiected in most sections of this repcrt With the church building and the Trull Church Community Centre (TCCCI being closed for many months, and having to restrict numbers attending at other tsmes, it was hard to provide 'reguLgF PLÈblic worship open to all, and to promote and teach the Paith. Online services and actwities were arran1 and people were contacted by phone. email and P05t as the main method of pastoral work, when visiting restricted. The church has joined with others in the village lo support those who have had to stay at home, through the Tfull Community Supp)rt Group and Helpline. It has also provided a drop-off tKJint for supplies for the homeless. Many ures in this report are not really comparable with those in previous years. In 2021 we took forward to reopeniNJ facilities and restarting activities when lockdown restrictions are eased. Revd Andy Wadsworth completed his second year as Rector in October. As the wide range of meetings in the parishes of Trull and Angersleigh has been restricted, he has c04Kdinated efforts to establish online Servi and activthes. to keep in touch vith the congregations pastofalty and lo support care for the Wer community. He has ¢ontrnued his clear Bible prehing on the beginning of John's Gospel. Ephesians. the Mafks of a LNing chUh and Romans 8, and outreach through Chiistianrfy Explored coutses. His wrfe Kalie has been involved in the Sunday crèche, growth groups, women's events and the Angels toddler group. Church Attendance and Membershi There were 273 names on the Electoral Roll at the annual meekn'ng in October 2020, compared wth 274 in April 2019. The average weekly attendance at All Saints TrLtII was 170 adults and 30 children, whilst the church was open. The figure for'church Membership. used by the diocese for calculating the Patish Share that we contribute to the Common Fund that pays for clergy costs and other diocesan expenditure is calculated in yet another way.. anyone ¢)ver 18. apart from vssitors, who attends a service during October, or woukl have done so but for illness, is counted. Newcomers are not aw included in their first year. On this basis. the annual survey of church attendance in Oct 2020 produced a membership figure of 187 (135 in person at one of the limited congregations, 35 only on Zoom and 17 when a service Nwas availabte later online or on paperl", this compares attendances at a full range of ServIS in the church and in the TCCC of 240 in 2019 and 234 in 2018. Review of the Ygarfs Actlvlties During 2020 the PCC had 6 regular meetings with an average attendance of 81%. sin May these meeliThJs have n held vTra Zoom. which has increased. rather thall decreased, attendan. In accordance the Bishop's emergency regulations, PCC members who were due to leave in April continued in Offi until the postp)ned AnnL6al Meeting in October. Ruth Slade is in her fourth year as full-time Youth-worker. wth paitular responsibilty ft)r 11-18+ Libby Cuthbertson is in her second full year as Children & Families Worker.. she is focussing on under-11's and their parents and tr2rers. Ruth and Libby work tcgether wkth a large team of volunteers (all DBS<h&kedl to run groups for children on Sundays, Launchpad-Extra {previousty Dropzonel for 11-14'3 and Launchpad for 11,$ on some Wednesdays, Pulse for 14-18's on Friday evenings. Angels (ldIerS) and occasional sessions of famity film nights and Worship through Play. Many of these groups have wntinued online since March, although numbers taking part have dropped. Imaginat¢ve partly-virtual activities have included bake-along sessH)ns and the All Saints Stable Trail at Christmas. Judy Reeves has continued as the Safeguarding Offieer, Trmth Kwi Daniel-Trowell assisting her. The PCC agreed an updated Safeguarding and Safe Recruiting Policy in November 2020. Diana Scholes has taken over the roles of PCC leads for Disabllity and for Health & Safety. Anne Lawrence and Liz Willis continued as chuTchwardens', they are supported by several deputies. Sue Allen has conkn.nued as PCC Secretary and Davld Sharpe as Treasurer and vie&£haIan. We modified our wide rnnge of Sunday $er4lce8 at the beginning of 2020.. tfaditional BCP CommunK)n or Morning Prayer continued at 8am. a Moming Service at 10.30am combined the more infoTmal all-age worship {previously at 9.30) and Common Worship services (prevUSty al 11.15am) - but on the 2nd Sunday there is Family servi in the TCCC at the same 10.30am tsme as a Common Worship Communion servv% in church., at 5.30pm there is the Five30 service of contemporary worship in the TCCC. All these Serys rely on volunteer musicians and sound team members. Jennie Rusinek. Mark Richmond and Salty Silsby have ContinUj to lead serVIS as Lay Wotship Assistsnts. We have also knefftted from the ministry of Rev Tim Buttin and David Willis. Since October, we have an ordinand. Jamie Fox. placed with us., he is training for ministy with St Mellitus ColWe. The Prayer Team supports the work of the church and the needs of individuals in prayer. P0werf70U, the church prayer-meeting, ts held monthly.. there is also corporate prayer to start the week, and also for the work amongst young people and for the men's ministy. page 2
PCC of All Saints Church, Trull Annual Report for the year ended 31 December 2020 Icontinued) During the first lockdown of the COVID-19 pandem1¢ the church building was Closed and services wuld not be held there or in the TCCC. Ruth Slade and Sian Stanley set up online ZM servw, wht¢ti were atso available during the wEek on the churth website. Efftirts were made to keep in touch wth those who coukl not acxxs these media. Some in-person services restarted in July with limited numbers allowed ir¢ the buildings. meaning that places had lo be booked for them. LNe-streaming was introduced from both the church and the TCCC with new equipment this enabled bvo services each Sunday to be transmitted during the second lockdown in November. The Parlsh Links are an important part of pastoral care in the parish, maintaining contaci with those who live in the village and letting the clergy know of people in need of a visit they also distribute the magazine, aithough paper cx)pies have been replaced by online versions for some morths in 2020. Some members of the church are licensed by the Bishop as pastoral visitors. Other ways of making contacts. such as Gethng to Know Us teas for newcomers, the monthly Coffee Connect coffee momings and TWe1ve-frT? {monthty lunchtime meeting for the retired) have had to te suspended. The team of 8 Willage Chaplains have had fewer opportuniknes to develop link5 Wtth different areas of village life this year but have eonts.nued to keep in touch by phone. The Trull Church Community Centre has now been open for over six years and continues to meet the needs of tx)th the church and the community. When operating, all our youth and children's work takes place in the Centre, including the Sunday groups. and after-school ath"vities for different age-groups. In nomial times, the church offi, th Julie Brtstow the Rectoffs P& Elaine White the part-time Church Administrator and Jennie Rusinek the ntre-manager. is a welcoming place to find out what is going on. as well as supporting the Rector, Children & Families Worker and Youth-worker in their offices elsewhere in the same building. At ts'mes in 2020 the Trull Saplings Preschool has been the only activty rn the Centre but we have kept the building open so that they have been able to operdte throughout the year. The Hive Café has had lo dose Iwice in 2020. although a take-away service was operated for a couple of months. we a very grateful to Val Cousins. Fran Pym and Dot Ma¢kay. the *hree volunteer managers. and over 50 well- trained vollsnteers. crdinated by Merlryn Roberts, who have coped with drfferent ways of opening and enhanced hygiene procedures. Profits from the café have contributed to the running costs of the Centre. Ron Vining was fudoughed whilst the Centre was cbsed and cleaning is now supplied by a services contractor. The Parish Archives supported by both the church and the parish council are stored upstairs. Our Police Community Supw)rt offirS hold their 'surgeW from time to time in the Centre,. we have also hosted groups that support with different medtcal condib'ons. In all these ways, the Centre is helping us to fvlfil one of our main aims. that of caring for people of all ages in our community. The Mission Team oversees links with mission partners and giving for misston. In totsl around £12,400 was sent to mission and chaiities in 2020. Of this total. £400 was sent directly from collecbons, which were much smaller this year- detaiL8 are attached to the church accounts bul they are separate from church income and expendilure. sin 2009 church members have made financial pledges to the Trull Church Mission Fund. In 2020, over £12,¢)00 was given in this way (with £2,700 tax reciaimed for 2019 in addilionl.. cheques from the fund totalling £14,000 were sent to the following missKJns.' the Belgian Evangelical Mission & Crosslinks Ide Roemersl, UFM for Heidi and Bosco BukeeTa church-planting in Uganda, CMS {Jenny Green in Bradlordl. Oak Hall in Serbia. Bible Society. and more kKally". Besom in Taunton, Taunton Team Chaplaincy and Taunton Youth for Christ We have ¢ontinued to invite offetiftgs for Open Door over the ChTiStmas period. There are nearly 20 groWthrOupS meettng in different homes. involving about 150 members. Groups can use hOme-prodU material that links to the sermon series. Anne Bird and David Taylor oversee this pro3ramme. The churth weekend-away planned for 2020 had to be canlled. The thurch plays a centrnl role in vlllage Ilfe. Close links have continued with Trull COE VA Prfmary School. VeroT7t(x Ferdinando is School Chaplain; the Children & Families Worker and Rector take regular and seasonal assemblies.. church members have helped with 'Worship through P18y'. The Community Centre wntinues lo strengthen our links vrith many village organvzations. The parTrsh magazine includes a range of community news and is delivered to a majorty of the homes in Trull when printed, or avaikble online via the church website in other months. Infr)rmab"on about the church can also tk found on the website, which includes recent semions. During the pandemic supwrt for Ihe homeless has increased. A centre for the homeless was set up by SW&T Council at Canonsgrove. on the edge of Tnjll. A ¢alty41StanCed Christmas event was arranged wth Chrisbnas grft boxes provided by members of the church. We are also listening to con¢em$ raised by some local residents. page 3
PCC of All Saints Church. Trull Annual Rèport for the year ended 31 December 2020 (continued) The thufch porch has been used as a safe drOpff point food and clothing, not only for Canonsgrove bui also for Open Door and the Taunton Fcx)dbank. All Saints Trull is part of a joint beneffi, sharing the Rector wth St Michael and All Angels, Anggrslelgh. Some members of the Angersleigh congregation come to Trull on Ihe Sundays when they have no service of their own. I Saints Trull and St Michael & All Arsgels Angersleigh are part of a Local Ministry Group wilh Wilton, Galmington and Bishops Hull in the Taunton Deanery,. the ministers meet to pray, share news and supwrt one another. There are infom7al links to the 81 fellowship of Taunton church leaders. Four memLErs of the church are involved with Taunton Street Pastors at weekends. A member of the congregatton is involved in the Taunton Team Chaplaincy for workplaces, especially those in the ti)wn ntre. on behalf of the churches in Taunton. Other volunteers have joined in projects such ag gardening and house de¢oration through the Besom in Taunton. Financlal Revigw We are very thankful that we have been able to meet our routtne costs in 2020 without hawng to use any of our emergency reserves. Regular giving at the end of the year was slightly Eower than in January. It was the finances of the Community Centre that were most affected by the pandemic. Despite fU0v@hing some TCCC stsff, many costs Temained much the same whilst income was halved, because we had to close the Hive Café and often the only hirer was Tnjll Saplings PreS¢hool. Then we received 8 wonderful legacy of £630,000 from Ruth Pewtress Yor Ihe f8b17c of the building of All Saints P8rish Church onl. which will pay for budding repairs for many years to come. 11 also meant that we Uld use the money we had sel asKle for roof repairn tt) idge the gap between income and expendire in 2020. Looking ahead into 2021, much ¢Jepends on how long lockdown lasts. It is likety that everything in the Trull Church Community Centre, apart from the Preschool, will remain closed until Easter. and that reopening will then happen very gradually, perhaps geth'ng back to near nom1 in September. Other costs will increase bwth inflation and the Parish Share by 5%". although OUT congregation has stay8d the same srie, we shall receive tess discount for new members. Our regular income is slarting at a lower level than at the beginning of 2020. We are looking at 8 shortfall of about £40,000 over 2021.. planned routs.ne expenditure is £278,000. whilst income would be £239,000 rf restrictions continue for much of the year and if giving continues at the same level as at the end of 2020. In January 2021 we had around £25.000 in the bank that wasn't allocated to other purposes, on top of our prudent reserves of 2 months, expenditure. That means we shall probabty need an extrd £15.000 of regular personal gNing this year to balance the tx)oks. Recognizing that some memters of the congregation have seen their income reduced by the pandemic, we hope that ottws will feel able to increase their gNing by or 10% this year. Funds and ReseNes Total Income for 2020 was £910,581 (2019: £370.464,' 2018.. £318,460) of which £645,511 (2019.. £18,071) was ReytTtcted, including £630,000 from the Ruth Pewiress Fabric legacy {of whh £30,000 is sts"Il to be receivedj. Total Expendlturn in 2020 was £304.078 (2019." £316. 782) of whieh £26,509 (2019." £23,305) was Restricted and £1.000 (2019." £1,200) from Endowment. So there was a Surplus in 2020 of £606.503 (2019." £53,682}' wthout Ruth Pewtress, legacy there would have been a deffcit of around £23,000. Total Funds at the end of 2020 weTr £1,873.123 (2019.. £1,266,620) of which £1.678,744 (2019: £1,059.742) was in Restr"cled Funds Imosdy the value of Ihe TCCC and its equipment and the maInIng £621,1)00 of Ruth's fabric legacy}. £8.200 (2019.. £9,200) was in ErOlent Funds (see below} and £186,179 (2019.. £197,678) was UnS1Cled. Of these Unfested Funds £9,178 (2019.. £5,584) are held as fixed assets. £35.000 was all0ed for replaung equipment & medium-tem repairs to the TCCC and £12,000 towards the cost of employing a youth- worker in 2021-24. Ineluded in our Unrestricted RgIVeS are sums of money from legacres" some recent gifts have been set astde for fabric & organ repairs (around £2.000). The Llty Fund. with a balance of over £1.500, is to help young people take part in Christian courses & activjbes. A legacy from Margaret Sutcliffe in 2019 is being used towards the cost of having a fvll-time youth-worker in 2020-24. In 2020 the Ruth Pewtress tegacy released the £10.000 general funds set aside for churth buikling repairs. This leaves approximately £75,000 unrestricted and unallocated free reseNes readity available in the bank. So the PCC met its tsrget of keeping financial reserves in unrestricted fvnds equal to months, regular expenditure (now £50,000). So £25,000 from previous years is availabte to Ver over half the expected shortfall betsveen income and expenditure in 2021. page 4
PCC of All Salnts Church, Trull Annual Report for the year •nded 31 Docomber 2020 {continued) The main Re8tr1cted Funds are the Hall DeVelopnt Fund {used to build the Trull Church Communlty Centre) and the Ruth Pewtrgss Fabric Fund for the church building. Details ot the Mlssk•n Fund are on page 3 of this RerNJrt. Other Restricted Funds include.. the general Fabrlc Fund and the Organ Fund for the church building and organ.. Bells Fund. for maintenance of the bells. the Trull Akl Fund, given to help members of the parish or congregabon in need, at the dimtion of the Rector, but also irwolving the Treasurer and a Churchwarden; the Rectory Fund for defrayin9 some of the expenses of the re¢torr, the Archives Fund for developing the Archives of the Parish.. amounts for Women's Events. In 2010 the church received a legacy from the estste of Miss Gwen Richards. There were tsvo ondowments, each of £7.000." one towards the rna1ntenan of the churchyard and one frjr ¢hurch fic•Ners,' In 2016 the PCC took measures in accordan with Charity Commission published advice to release the capital of these endowments. Charitable Status: Aims & O "ectlves and Publlc Benefit Since we have an income of over £100,000 p.a., the Parochial Church Council of All Saints Trull is required by the Charities Act 2011 to register individually as. a charity" our RegiBtorgd Charity number is 1130899. As for all PCC charl9 there is no separ* Goveming Document., the PCC is suty'ect to the Paro¢hial Church Council Powers Measure {1956) as amended and to the Church Representatron Rules. When registering as a Charity the PCC declared rts Aims and Obiectiveg to be promofyng in Ihe ecclesiastical pISh whole mission of the church, including the frAlowing activities conducted under the authority of the Church of England for the benefrt of the public: - regular publ worship open to all - the pmision of sacred space for persond prayer and cOnteMption - pastoral work. including visiting the sick and bereaved - teaching of Christianity through seThTrons, courses and small groups - taking of religious assemblies in schools - promotion of Christianty through the staging of events and meetings. and the distribution of literattF - the provision of activities for senior cit¢zens and for parents & toddler5 - SUPFKJrting other charities in the UK and overseas The Trustees (the PCC) confinn that they have referrEd to the guidan¢e corrtained in the Chanty CommL%sK)n's General GuKlance on Public Benerrt when reviewing the Charrty's Aims and Objectives and in planning fuiure activthes. Related Trusts and Charllles TTUII Parlsh Room is a registergd charlty no. 203284 estsblished by a Declaration of TTUSt dated 11 Oct 1967. based ort an Indenture dated 29 Jan 1886, as varied by a S¢heme sealed on 19 Feb 1993. The CLtstodian Trustees are the Bath & Wells Diocesan Board of Finance. who need to be consulted about any major changes to the site. The Managing Trustees. responsible for all routine business, afe the PCC of All Saints, Twll. Ssnce the Parish Room$ have now been demoiished, the is no Wer any income or expenditure to shown in the accounts. However, the Trull Parish Room charity continues to exist as the owner of the site of the fomier Parish Room and also of Ihe site of the Old Village Hall, which it acquired from th& Trull Village Memorial Hall Trustees for £10,000 in Juty 2013 in OrdanCe with an Order ot the Charity Commission of 21 May 2013; Ihese sites form the site of the new Trull Churth Community Centre, which is itself the propety of the PCC All Saints Trull charity. The possibility of merging the Parish Room charity with the main PCC charty was explored in earfy 2013 but the Chaiity commiss did not accept our case that this wouhj $implTfy the arrangements for the new Centre. ststement of e PCC'S Res n$lbilities The council is responsible for prepartng the trustees, Annual Report and the financi81 statements in &cordan with applicatAe law and in accordan with United Kingdom Accounting Standards, induding Financial Reporbng standard 102: the financial reFWJrting Standard applicable in the UK and Republ of Ireland {UK Generdlty Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charty Iwstees to prepare financFal statements for each year that give a true and fair view of the state of affairs of the PGC and of the income and expenditure of the chaiity for that period. In prepaTing these financial statements, the council a required to: select suitable accounting policies and then appty them consistentty.. observe the methods and principles in the appltcable Charities SORP:
PCC of All Salnts Church, Trull Annual Report for the year ended 31 December 2020 Icontinued) In preparing these financial stat8m8nts. th8 council a to." (Gontinued) make judgements and esty'mates that are reasonable and prudent., - stale whether applicable accounting standards have been followed, subject to any material departures that must be disclosed and explained in the financial statements. prepare the financial statements on the going cOTtM basi5 unless it is inappropriate to presume that the PCC will continue. The council is responsible for maintaining proper accounting records that disclose with reasonable accuracy at any 'me the financial F%)sition of the PCC and enable them to ensure that the financial Statements comply with the Charilies Act 2011, the applicable chartti.es (Accounts and Reports) Regulations 2008, and the provisions of the trust deed. They are also responsible for the safeguarding the assets of the PCC and tsking asOnable steps for the prevention and detection of frdud ar ther irwularitr"es. Risk and Reseryes Poli¢ The financial and pastoral risks to which the PCC is exposed are reviewed gularlY at PCC meetings, the likelihood and dangers are ¢alculated and measures to eliminate them are detemiined. To reduce financial risk, all payments from PCC accounts require 2 signatories. Savings are kept in financial institutions where the balance is covered by the Financial Services Compensation Scheme. Reserves are held for arDund 2 months general expenditure", money is also set aside to replace equipment a short lrfespan. The Ruth Pewlress fabric legacy received in 2020, which is too large to be kept in an instrtubon covered by the FSCS, now provides more than enough reserves to cover emergency repairs to the church buifding. The PCC operates Safeguarding and Safei Recruiting Polictes that are reviewed annualty. The PCC is complying with the 2018 General Data Protection Regulats'ons.. we have upjated our office database to enable more efficient and attractive communutions church members. in a way that 15 fulty compliant with GDPR. In July 2019, following Charty Commission and Church of England advi lo all parishes, the PCC delegated to the dese the responsibility to report to the Charity Commission any serious incident involving Safeguarding. Safeguarding issues. Health & Safety, Di5abilty and Data Protection are on the agenda of every PCC meeting. The Annual Report was approved by the PCC on 8 March 2021 and signed on their behaw by.. Signed Rev Andw Wadsworth (Channanl AJiAtad.at page 6
PCC of All Saints Church. Trull Inde ndent Examiner's Re to tho Trustees of the Parochial Church Council of All Saints Church TTUII I teport lo the members of the PCC on my examination of the accounts of the Parochial Chuich Council of All Saints, Trull for the year ended 31 December 2020. onsibililies and Basis of R¢ rt As the members of the Parochial Church Council of Al Saints Chureh, Trull, you are responsible for the preparabon of the accounts in accoFdance with the Nu1MentS of the Charities Act 2011 I'lhe ACVI. I report in respect of my examinatson of the cha.nty's accounts ¢arrieil out under section 145 of the 2011 Act and in cafrylll9 Oljt my exaFnination I have folk)wed all the applicable Directions 9iven by the Charity Commission under section 14515llb) of the ACL Inde ndent Examiner's Slalement Since the tharity's gross income exeded £250.000 your examiller must be a member of a body listed in seclron 145 of the 2011 Act. I confitm that l am qualified to undertake the examination because l am a member of the Institute of Chartered Accountant$ in EnglarKi 2nd Wates, which is one of the listed bodies. I have compted my examination. I conlirm that no material matters have come to my attention in cOnnectn with the examination giving me ¢ause to believe Ihat in any material respect" 111 accounting reoords wefe not kept in respect of the Chafity as reouired by section 130 of the Act". or {21 the accounts do not accord wth these records.. or {31 the accounts do not comply with the applicable requirements conceming the fomi and content of aoUnt$ set out in th@ Charities (Accounts and Reports) Regulations 2008 other than any reqUireent thal the accounts give 'true and fair Vie which is not a matter consKlered part of an independont examination. I have no concem5 and have come across no other matters in connection with the examination to which altenb.on should be drawn in this report in order lo enable a proper understanding of the accounts to be reached. neLI.' date.. 1914121 Alexandra Shore FCA CTA DChA Chartered Accountant A C Mole & Sons Stafford House Blackbrook Park Avenue Taunton TA12PX
PCC of All Saints Church. Trull Statement of Financial Activtties for the Year Ended 31 December 2020 Total Funds 2020 Tof81 Funds 2019 UnreslFiCted Restrided Endowment FLmds Funds Furxl$ Income from: Donations and Legacies Other Trading Activrties nvestments 220.248 13,650 373 645.023 865,271 13.650 761 2TI.673 21,303 388 585 Charitable Activities 27,257 3,542 27,257 3,642 70,929 Other lftcome 100 5,974 Total Income 265,070 645.511 910.581 370,464 Expenditure on: Raising Funds Charitable Actsvities 276,504 26,331 178 1.000 303,835 316,235 483 Other Expendihjre 178 Total Expenditure 276.569 26,509 1,000 304,078 316. 782 Net IncomellExpenditure) {11,4991 619,002 {1.000} 606.503 53.682 Net Alovement In Funds {11.4991 619,002 11,0001 606.503 53,682 Reconclllatlon of Funds: Total Funds Brought Forward 15 197,678 1,059.742 9.200 1,266,620 1,212,938 Total Funds Carried Forward 15 186,179 1,678,744 8,200 1,873.123 1,266,620 The notes on pages 10 to 19 fomi part ofthe financial statem8nts. A Stalementof Finanu'alActivities for the pVit)us yeardiwiled behveen Funds is included at Note 18 on p. 18., page 8
PCC of All Saints Church, Trull Balance Sheèt as at 31 December 2020 Notes 2020 2019 Fixed assets Tan9ible assets 11 1,052,449 1,051,579 1,052,449 1,051.579 Curront assets Debtors Cash and cash equivalents 12 70,717 757 221 827,938 47.122 169.611 216.733 Current Liabilities Creditors - due within 1 year 13 7,264 1.692 N¢t Current assets 820,674 215.041 Total Assets less Current Llabililies 1,873,123 1,266.620 Net assets 1,873.123 1,266,620 Funds Unrestricted funds Restricted funds Endowment funds 15 15 15 186.179 1,678,744 8,200 197,678 1.059, 742 9.200 Total funds 1,873,123 1.266,620 The financial statements were approved by the PCC on 8 March 2021 and were signed on its behall by.. Rev Andrew Wadsworth Ichairman) The notes on pages 10 to 19 fom? partof the financial statements. page 9
PCC of All Saints Church, Trull Notes to the Financial Statements for the Year Ended 31 December 2020 1. Accounting Policigs The financial statements have been prepared under the historical cost conventton wilh items recognised * Cost or transaction value and subsequenuy amorttsed cost The financial statements have been prepared in accordance with the Statement of Recommended Practice Aeeounting and ReF)Orting by Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republtc of Iretand (FRS 1021 issued October 2019, the Financial Reporting Standard applicable in the United Kingdom IFRS 102}, the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006. The Church constitutes a public benefit entity as defined by FRS 102. The Trustees consider that there are no material UnrtaIntieS abolrt the Charitys ability to continue as a going concem. {1) Funds Unrestricted funds represent the funds of the PCC that are not subject lo any restriction regarding their use and are available for application to the general purposes of the PCC. These include funds designated for a particular purpose by the PCC. Restricted funds are funds given to the PCC for specific purposes. For details of these funds see the table attached. The tsvo endowment funds at All Saints are from the legacy of Gwen Richards, for church flowers and the churchyard. In 2016 the PCC took measures in accordance with Charity Commission published advice to release the capilal of these endowments so th* the PUTPQSe of the funds can be achieved more effectivety. (li) Tangible Fixed Assets Tangible fixed assets are included at cost less deprectation. Depreciatson of ilems such as electrical equipment is calculated at approxim2tety 20% of cos( which is considered sufficient to Wrtte off the assets over their useful economic lives. Depreciation of rtems such as fumrture and non£le¢trical equipment in the Community Centre is calculated at 10% of cost. No depreciation is being applied to the building itself but the PCC is exploring the likety cost and timing of ftjture maintenance and repairs, and is setting aside some funds for this PUTpose. Moveable Church furnishings held by the Churchwardens as listed in the inventory held by the Churchwardens are not included on the Balan Sheet Consecrated and benef property is not included in the accounts under Section 1012al of the Charibes Act 2011. lili) Re¢ognition of In¢omo and Expenditure Income is recognised when cash is rFVed or when its receipt is considered rtaIn. Expenditure is recognised when payment is made or when a liability has been incurred if eartier. Liabilth are recognis&Y as expenditure as swn as there is a legal or constructbve obligation commilhng the charity to that expenditure, it is probable that setuement W711 be required and the amount of the obligation can be measured reliably. Al expenditure is accounted for on an accnjals basis. All expenses including supp)rt costs and govemance Costs are allocated or apportioned to the applicable expenditure headings. liv) Legacies Income from legacies is credited to the relevant fund in the year in which it is re¢eived, or where the is sufficient evidence that the legacy will reNed. If not othernise specified by the testator, legacies are norTnally credited direct to the General Fund. Iv} Irrecoverable VAT lffecoverable VAT is charged against the expenditure heading for which it was incurred. (vil Expondituve on Charitablg ActivitiOS Costs of charitable activities include donations. parish share, upkeep of the church, support costs and g0Veman costs.. see page 13 for details. These costs include costs related to independent examination. page 10
PCC of All Salnts Church. Trull Notes to tho Flnancial Ststsments for the Year Ended 31 December 2020 (viil Key Judgements and Estimation Uncertainty The preparation of the financial statements requires mangement to make judgements, estimates and assumpltons that affect the application of policies and reported amounts of assets and laibiltlies, income and expenses. Estimates and judgements are continualty evaluated and are based on historical experience and other factors, including expectations of futtjre events, that are believed to be reasonable under the circumstances. The resutting accounting esb'mates will. by definibon, seldom equal the lated actual results. Estimate of legacy income.. a debtor of £30,000 has been recogntzed in respect of the remainder of a legacy payable to the PCC. Thts refiects the Trustees. best estimate at the balance-sheel date. The relevant estate is still in the hands of the solictÈor and the final amount to be paid to the PCC is yet to be finalised., so the amount that is ultimately r1Ved could vary from the amount recognvzed al the balance-sheet date. Iviii) Expendlture on Raising Funds The expenditure on raising fvnds consists of costs associated with administering donations and fundraising events. lix) Financial Instruments The Church only has financial assets and liabilities that qualify as basic financial instruments and are therefore recognised at transactK)n price and sUbseqUenY at amoftised cost. These include debtors and creditors as applicable. Ix} Cash and cash equfvalents Cash and cash equivalents includes cash and short temi highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar am)unt page 11
PCC of All Saints Church, Trull Notes to the Financial Statements for the Year Ended 31 Dewnber 2020 Unrestricted Restricted Endovmient 2020 2020 2020 Total 2020 Total 2019 Donatlon8 and Legacles Planned GNing and FWO Gtts Tax RecL3imable on Planned GNing Giving via CAF etc Collections for Church Funds Other Gifts for Church Funds Gifts for Mission Support Tax Re¢laimable on Mission Giving Legacies & Gifts In Memory TCCCIHall Development Gifts Rectory Fund Gifts 168,743 37,593 9.137 229 2,166 168,743 37,593 9,137 229 2,266 12,248 2,635 632,380 186.432 42,55t 6, 751 1,288 614 12.462 2,842 17.250 440 1,043 100 12.248 2.635 630,000 40 2,380 220.248 645,023 865,271 271,673 Other Trading Activities TCCC Hire 13,650 13,650 21,303 Investments Interest 373 388 761 585 373 388 761 585 Charitsble Activities Fees Magazine Parishlmenmomen weekends Youth & Children Bookstall TCCC Events TCCC Café Other 6,343 2,368 6,343 2.368 6,989 8,958 9,225 206 653 1.512 43,365 21 764 305 764 305 17,3 17,396 81 81 27,257 27,257 70,929 Other Income Grants- general . offi Income Other Ilnsurance Claim. Archives) 3,163 379 3,163 379 100 4.786 718 470 1LK) 3,542 100 3,642 5.974 . Grdnts in 2020 from." Paiish Lan(Js. page 12
PCC of All Saints Church, Trull Notes to the Financial Statements for the Year Ended 31 December 2020 Unrestricted Endowment Restricted 2020 2020 2020 Totsl 2020 Total 20t9 Expendituro on Raislng Funds Planned Giving Envelopes 65 65 65 8. Charitable Acllvltles Parish Share Recto¢s Expenses Curate & Placement Expenses Fees Youth-worker Children & Families Workef 119,393 2,203 297 3,504 26,665 26,093 26,879 5,124 3.615 2,749 442 119.393 2,203 297 ItS,448 3,060 26.665 26,093 26.879 5,124 3,615 2.749 442 27,668 15.944 23.267 6.033 9.391 2.230 offi Costs Magazine Youth & Children Outre&h Parishlwomenlmen VekendS Other Events & Teams Mission SuppoTVExpenses Education - Courses and Resour Bookstall Worship Communication$ & Archives Church Repairs & Improvements Church Insurance & Utilities Churchyard & Car Park TCCC- Staff TCCC- Cleaning Contract lfrom Sept) TCCC - Operation TCCC - Events TCCC - Café DeplatIOn - general equipment Depreciation- TCCC fvmiture & eqpt Depreciation - TCCC Café equipment IndeFendent Exam (extra 2018 in 2019) 9.372 129 16.810 151 733 2.611 1.094 4.827 2.603 4,024 14,271 47 14.000 47 14,0(Kl 263 344 2,344 544 10.422 2.990 263 2.244 100 1,146 2,990 2,456 12,787 3,265 19,635 9,276 900 12,787 3,265 19,635 18.924 1,302 2t,905 446 9,638 726 9.638 726 3.578 1,598 1,050 303,835 2.178 1,052 1,050 276,504 2. 782 1.140 316.235 1,000 26,331 9. Oiher EXdItu* Rectory Fund 178 178 178 178 483 483 P8ge 13
PCC of All Saints Church, Trull Notes to the Flnanclal Statemonts for the Year Ended 31 December 2020 10. Staff Costs 2020 2019 Gross Salaries Coronavirus Job Retention Scheme Claims for TCCC staff Employerfs National Insurance (Employment Allowance £4,000 in 2020. up fn)m £3.000 in 2019) Pension costs Redundancy 87,491 (2,252} 1.558 77.066 1,917 3.327 690 90,814 2.877 81,860 The average number of employees in 2020 was 6." 2 are full-time, the 2 office-staff and the 2 employees for the TCCC are part-time. The PCC resolved that from January 2016 all employees should be paid at least the Living Wage as defined by the independent Living Wage Foundation. Most of our employees have been enrolled in a pension scheme with NEST trom 1 January 2017, fulfilling our obligations under pension regulations. The PCC has chosen to match employee contributions to the pension scheme and to pay any required annual increase in the rate of conlributs.on from January, rather Ihan April, of each year. There are no employees with emoluments exceeding £60,000.12019 - nil}. The key management personnel are the Incumbent and members of the PCC. Please see note 17 for details of remuneration paid to members of Ihe PCC. 11. Tangible Fixed Assets TCCC Building TCCC Other Equipment Equipment Total Cost At 1 January 2020 Additions Disposals At 31 Dember 2020 1,036,837 56,242 2,994 5.255 3,778 1,098.334 6,772 1,036,837 59,236 9,033 1,105,106 De reciation At 1 January 2020 Charge for the Year Eliminated on Disposal At 31 December 2020 42,333 5,176 4.422 726 46.755 5,902 47,509 5,148 52,657 Nel Book Value at 31 December 2020 1,036,837 11,727 3,885 1,052,449 Net Book Value at 31 Dmber 2019 1.036.837 13,909 833 1.051,579 The TCCC building ffxed asset refers to the costs of this project from deSn lo completion in October 2Q14, including architect's & other design consultants, fees, and planning & 5uNey fees, as well as the building contractor. No depreciation is applied tt) the building. Fumiture and non-electrical equipment are depreciated at 100A p.a. and electrical equipment at 20% p.a. page 14
PCC of All Saints Church, Trull Notes to the Financlal SLthments for the Year Ended 31 December 2020 2020 2019 12. Debtorn Tax Refund due on Planned Giving Jan-Dec Tax Refund due on Misston Fund Giving Jan-Dec Other Prepayments & Accrued Irtcome Legacy- last part to be paid 37,593 2.635 489 30,1]00 70,717 42,720 2,778 2,224 47,122 13. Credltors - due within 1 year Creditors for goods and servi In 2020 magazine subs and adverts were paid but fe¥v issues piinted. so £4. T38 has been defeffed towards cost of 2021 issues. 7,263 7.263 1,692 7,692 1 Independent Examinerfs Remuneration 2020 2019 Indendent Examinerfs Fee (2019 induded some extra for2018J 1,050 1,140 page 15
PCC of All Saints Church. Trull Notes to the Financial Statements for the Year Ended 31 December 2020 15.Ststement of Funds Balance Balanc Cthvd 31112120 Investment Gains 01101120 Income EX[dI1Ure Tr8nsfèJs Unrestricted Fund5 197,678 265.070 276,569 186.179 Restri Archives Bells Fabric GRichards: Churchyard GRichards.' Flowers H811 Development Mission Support Organ Rectory Ruth Pewtress Fabric Trull Aid Total Restried Funds 11001 128 4,650 47 100 128 4,365 47 285 75 1,046,935 ' 4,391 2,000 1,216 75 1,044,251 5,274 2,000 1,038 621,113 453 1,678,744 40 14,883 2,724 14.000 178 9,275 47 26,509 630,388 100 645,511 400 1,059,742 Endowment Funds GRichards'. Churchyard GRichards'. Flowers Total Endowment Funds 3,000 6,200 9,200 1,000 2,000 6,200 8,200 1.000 Totsl Funds 1,266,620 910,581 304,078 1,873,123 Unrestrlcted Funds are for the general purposes of the church. This includes money from several legacies and gits in memory that are not legally restricted to a particular purpose. However, Ihe PCC wishes such monies trj be used in ways that a approprEate to each person being commemorated. So, these amounts are labelled on the Treasurerfs computer accounts program. to keep track of how they are spent., detai5s for 2020 may be seen in the Annual ReporL The new Restricted Fund this year is the Ruth Pewtress Fabric Fund that represents her legacy of £630.fX)O Yor the fabiic of the building of All Saints Pailsh Church onlrf. other Restricted Funds include the Archives Fund. which is for the developmerrt arsd dtsplay of the Parish Archives. It includes the annual grant from the Twll Parrsh Council. The Bells Fund is for the maintenance of the church tells. Money in the Fabr1¢ Fund has been gtven for repairs to the church building, organ and churchyard lamp. A more specific gift has been allocated to the Organ Fund. The GRichards: ChurchyardlFlowers Funds indude the income generated on the related Endov4Thent Funds. These funds are to be used respectively for maintaining the churchyard l flowers in the church. The TCCCIHall Development Fund comes from money given towards the project to build the Trull Church Community Centre. The money now r1Ved has covered the full cost of construction. Some further income is being used to improve the buildirtg. Mission Support represents money given specifically to support Mission outside the parish. From April 2009 this includes all the money given via the TNII Church Mlssion Fund bank account and any tax reclaimed on those grfts. From time lo time the PCC, through its Mission Team, makes gifts from this fvjnd to missions and charities supported by the church. The Rectory Fund represents money given to defray expenses in the Rectory. The Trull Aid Fund was set up in November 2009 for money to help reople in the parish or in the congregation who are in financial difficulty. Grants are made at the Rectorfs discretson but the signatures of the Treasurer and a Churchwarden a needed on any cheque. page 76
PCC of All Saints Church, Trull Notes to the Financial Statements for the Year Ended 31 December 2020 The Youth-work Fund now contains only designated funds from a legacy from Margaret Sutcliffe. The two Endowment Funds come from legacies of £7,000 each from the late Gwen Richards". one for church flowers and one for the maintenance of the ChuhYard. In 2016 the PCC twk measures in a(X0rdan with Charity Commission published advi to release the capital of these endowments so that the purpose of the funds can be achiev&J more effective. 16.Anatysis of Net Assets between Funds Tangible Fixed Assets Net Current Assets Creditors Due after 1 year 3111212020 Totsl Unrestiicted Funds Restricted Funds Endowment Funds 9,178 1,043,271 177,001 635,473 8,200 186.179 1.678.744 8.200 1.052,449 820,674 1,873,123 Forcompaiison. this is18St yea$ Analysis of NetAssets between Funds- for 2019. Tangib18 FMed Net Current Credrtors Due 31/12A019 Assets Assets after l year Total Unrestricted Funds 5,584 1,045,995 192,094 13,747 9,200 215,041 197,678 1.059,742 9,200 Restricted Funds Endowment Funds 1.051,579 1.266.620 17. Relaled Party Transadions Reimbursement of expenw properly incurred on behalf of the PCC during the year amounted to £68 in total. The following payments have been made to persons related lo members of Ihe PCC.. £290 to Tim Finch for several paIrS and updates to computers.. £133 to Gil & Anne Bird ft)r Traidcraft food and drinks for the cafe, supplied at cost From April onwards it became necessary for the PCC to make payments online, because many suppliers were not accepting Cheques during the pandemic and other payments would be delayed Wh•t awaiting counter- signing of cheques. Two unsuccessful attempts were made to obtain online banking via the PCC'S main account at HSBC. So, the Treasurer. David Sharpe, set up a new personal online account. with another bank, to be used solely for church business. Before adopting this emergency procedure, he discussed it with Liz Willis {churchwar¢Jen). At its May meeting. the PCC approved the arrangements. Since repayments are by cheque, two other signatories have to authorise any such repayment. During 2020 13 repayments were made for batches of online payments tolalling £28,312. A third attempt to obtain online banking on the PCC'S account at HSBC is now being made. In 2020 tsvo Trustees were employed by the Charity and reiVed remuneration as follows". Ruth Slade - Youth-worker £24.084 {2019.' £23,520) and pension contributsons of £9631£940 in 20191. Libby Cuthbertson - Children & Families Worker £24.000 (£12,305 Juty-Dec 2019) and pension Contributions of £9601£474 July-Dec 2019). In th cases. remuneration was paid as part of their employmenl package and solely for their Servi relating to employment and not for seNices as Trustees. Safeguards are in place to ensure the employees and related TTustees are not part of Trnstee decisions sOndIng employment terms and remuneration. These include PCC members leaving the meeting when any discussions take place about the relevant paty. Page 17
PCC of All Salnts Church, Trull Notes to the Financial Statements for the Year Ended 31 December 2020 18. Statement of Financial Activities for the Year Ended 31 Dernber 2019 For comparatNe purposes the Statement of Financial Adivitres for the previous year is included here. Total Funds 2019 Total Funds 20t8 Unrestricted RestrF¢ted Endowment Funds Funds Funds Income from: DonanS and Legacies Other Trading Activities Investments Charitable Activities Other Income 253,769 21,303 518 70.929 5,874 17,904 271,673 21,303 585 70,929 5,974 218.485 17,128 417 T6,458 5.972 67 100 Total Income 352.393 18,071 370,464 318.460 Expenditure on: Raisiftg Funds Charitable Activities other Expenditure 78 316,653 292,213 22,822 483 1,200 316,235 483 Total Expenditure 292,277 23,305 1,200 316,782 316,731 Net In¢omel{Expenditure) 60.116 (5,234) (1,200) 53,682 1,729 Net Movement in Funds 60,116 {5,2341 11,200} 53,682 1,729 Reconciliation of Funds: Total Funds Brought Forward 137,562 1.(&1,976 10.400 1,212,938 1,211,209 Total Funds Carrled Forward 197.678 1,059,742 9,200 1.266.620 1,212.938 page 18
PCC of All Saints Church, Trull Notss to the Financtal Statsments for the Year Ended 31 Decemb8r 2020 19. Prlor Year Statement of Funds (2019) For comparative purposes the Statement of Funds for the previous year is included here. Balance Blfv 01101119 BaFan Cth¥d 31112119 Investment Transfers Gains ItoMe Eynoilure Unrestricted Funds 137,562 352.393 292,277 197.678 Restricted Funds Archives Bells Fabric GRichards."Churchyard GRichards: Flowers Hall Devejopment Mission Support Organ Rectory Trull Aid YOuth-vrk Totsl Restricted Funds 100 128 2.650 22 33 1.053.979 4,830 2.000 655 400 179 1,064,976 100 300 11001 128 4,650 47 75 1.046,935 4.391 2,000 1,216 400 2,000 25 42 440 14,361 14,800 239 23,305 18.071 1,059,742 Endowment Funds GRichards-. Churchyard GRichards." Flowers Total Endowment Funds 4,000 6,400 10,400 1,000 200 1,200 3,000 6,200 9,200 Total Funds 1,212,938 370,464 316.782 1,266,620 page 19