The Parochial Church Council of All Saints Church, Trull Annual Report and Financial Statements for the year ended 31 December 2021 Incumbent.. Rev Andrew Wadsworth The Rectory. Wild Oak Lane, Trull. Taunton TA3 7JT Parish Office.. Tru11 Church Community Centre, Church Road, Trull, Taunton TA3 7JZ Bank". HSBC Bank plc 17 North Street, Taunton TA1 1 NA PCC All Saints Trull is a Registered Chanty no. 1130899 Contents Pa Annual Report of the Council Report of the Sndependent Examiner statement of Financial Activvties Balan Sheet Notes to the Financial Statements 10
PCC of All Saints Church, Trull Annual Report for the year ended 31 December 2021 Background All Saints Trull PCC has the responsibility of co-operating wth the incumbent in promottng in the ecclesiastical parish the whole mission of the church.. pastoral, evangelistic. social and ecumenical. Memb&rshSp Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representstion Rules. The PCC also has the power lo ¢0p1 members as vacancies arise. During the year the followng served as members of the PCC.. Incumbent Rev Andfew Wadsworth Chaimian Curates Rev Imogen Ball Rev Jonathan Ball Mr David Sharpe Mrs Anne Lawrence Mrs Liz Willis fK)m July from July Treasurer, Vice-chair Reader Churchwardens Representatives on the Deanery Synod Mr Mark Richmond Mr Simon Howell Mrs Chrissie Wilson Mr Guy Price from April until December Elect&d Membe Mrs Sue AIFen Mr Paul Bailey Mrs Barbara Finch until Apnl Mrs Tracey Khodabandehloo from Apnl Mr Robert Pym from Apnl Mrs Michele Sanders until April Miss Diana Scholes Dr Marie Simmonds Mrs Averil Taylor Mr David Taylor Secretary Committegs The Standing Committee (Chairman. Churchwardens, Secretary, Treasureil, which is a legal requirement, has the powers lo transact the business of the PCC betsveen meetings, subject to directions given by the Council. For some areas of church life, the PCC operates through teams le.g. Buildings, Mission) that meet beeen, and report to, full meetings . page t
PCC of All Saints Church, Trull Annual Report for the year ended 31 December 2021 (continued The greatest challenge in 2021 to the PCC fulfilling its charitable objectives and providing public benefit continued to be the impact of the COVID-19 pandemic. which is reflected in most secb'ons of this report. With the church building and the Trull Church Community Centre (rccci being closed for many months, and having to restnct numbers attending at other limes, it was hard lo provtde 'regular public worship open to all. and to promote and leach the faith. Online servtces and activities were arranged and people were contacted by phone, email and post as the main methcxj of pastoral work, when visrting was restricted. The church has joined with others in the village to support those who have had to stay at home, through the Trull Communtty Support Group and Helpline. It has also provided a drop-off point for supplies for the homeless. In 2022 we are seeing fvll reopening ol facilities and most activities are restarting. Revd Andy Wadsworth completed his third year as Rector in October. As the wide range of meetings in the parishes of Trull and Angersleigh has been restricted, he has co-ordinated efft)rts to continue online services and acb'vib'es, to keep in touch wilh the congregats'ons pastorally and to SUPF)Ort care for the wider community. He has continued his clear Bible preaching on Luke's Gospel, the First Letter of Peter and the Book of Proverbs. In July we welcomed our new curate5 Revd Imogen and Revd Jonathan Ball, with their son Barney,. they were initially licensed as lay workers before their ordinab'on in Seplember. They are the first CLITates to job-share in this diocese and Kalie Wadsworth is joining with Andy in supervising their curacy. Church Attendance and Membershi There were 269 names on the Electoral Roll at the annal meeting ir¢ April 2021, compared w¢th 273 in October 2020. The average weekly attendallce al All Saints Trull was 100 adults and 20 children when the church had reopened, wth some more people watching live-streamed services or reeeivillg paper copies., this compares with 170 adults and 30 children before the pandemic. The figure for "Church Membership" used by the diocese for alculat*ng the Parish Share that we contribute to the Common Fund that pays for clergy costs and other dI0san expendrture is calculated in yet another way.. anyone over 18, apart from visitors, who attends a service during October, or would have done so bul ft>r illness, is counted_ NeornerS are not always included in their first year. On this basis, the annual survey of church attendance in Oct 2021 prodUd a membership figure of 1821169 in person and 13 at home, watching online or with paper copies of the 5eTvicel," this compares with 187 for in-person and online services in Oct 2020", pre-pandemic figures for attendances at a full range of services were 240 in 2019 and 234 in 2018. We are making contact with those who have not yet retumed to ServIS in person. Review of the Yearfs Activities During 2021 the PCC had 6 regular meetings, either in-person or via Zoom. with an average attendance of 88¥0. They also had an away-day together in the Angersleigh Village Room in O¢lober, to consider flrture priorities. As well as respollding to the challenges of coronavirus restrictions, they have been lookillg ahead to the opportunities of the Orchard Grove housing development in the pansh and making plans for improvements to the church building, including tetter Itghling and more eco-friendly heating. Ruth Slade is in her fifth year as full-time Youth-worker, with particular responsibility for 11-18+ Libby Cuthbertson is in her third full year as Chtldren & Families Worker., she is focussing on under-11's and their parents and carers. Ruth and Libby work together wrth a large team of volunteers (all DBSiheckedl to run groups for children on Sundays, Launchpad-Extra for 11-14's on Tuesdays, Laur¢chpad for 9-11's on Wednesdays, Angels Itoddlers} on Thursdays and Pulse for 14-18's on Friday evenings", when possible, there are occasional sessions of family film nights and Worship through Play. Many of these groups continued online during period5 of lockdown, although numbers taking part have dropped. Some activth.es have been held outdoors in the churchyard and there was a family weekend al the Wildside Experience centre in the Blackdowns. Seven young people and three adults were confirmed in All Sainls Trull in September. Hannah Gales has taken over from Judy Reeves as the Parish Safgguarding Officer, with admin support from Trish Kelty in the church offi. The PCC agreed an updated Safeguarding and Safe Recruiting Poli¢y in November 2021. Diana Scholes has conbnued as PCC lead for Disability and for Health & Safety. Anne Lawren¢e and Liz Willis continued as churchwardens", they are SLlPPOrted by several servi-steward$. Sue Allen has continued as PCC Secretary and Davtd Sharpe as Treasurer and Vice-chair. When the church has been open, we have held a range of Sunday setvices.. al 8am there is traditional BCP Communion or Moming Prayer,. the Moming Service at 10.30am is more informal all-age worship on most Sundays but on the 2nd Sunday there is a Family Service in the TCCC at the same lime as a Common Worship service with organ and choir in church," at 5.30pm Ihere is the FTve30 service of contemporary worship in the TCCC. AII these services rely on volunteer musicians and sound team members. page 2
PCC of All Saints Church, Trull Annual Report for the year ended 31 December 2021 Icontinu8d) Jennie Rusinek, Mark Richmond and Sally Silsby have continued to lead services as Lay Worship Assistants. We have also benefitted from the ministry of Rev Tim Butlin and David Willis. Jamie Fox has continued his placement with us., he is training for ordination with Sl Mellttus College. Laurence Pallant is exploring ministy. Our worship and aclivrties are upheld by prayeT." Powerhouse, the church prayer-meeling, is 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. The Parish Links are an important part of pastoral care in the parish. maintaining contsct with those who live in the village and letting the clergy know of people in need of a visit,. they also distribute the magazine_ Martin Sumpter Co-ordinates pasloral care. some members of the church are licensed by the Bishop as pastoral visitors. The Twelve-tO-Two monthly lunchtime meeting for the retsred has restarted. The role of the Village Chaplains has been restricted during the pandemic and will now be reviewed. The Trull Church Community Centre has now been open for over seven years and continues to meet the needs of both the church and the community. All our youth aRd children's WOTk takes place in the Centre, including the Sunday groups, and after-school a¢livities for drfferenl age-groups.The church office, with Julie Bristow (Rector's PAI, Trish Kelly Ipart-time ReptIOniSt and Safeguarding Administrator since Juftel and Andy Dunningham {Centre Manager}, is once again a welcoming place to fi'nd out what is going on, as well as supporting the Rector, Children & Families Worker and Youlh-worker in their offices elsewhere in the same building. The TCCC welcomed back the groups that hire it during 2021", Trull Saplings Preschool has kept going throughout the pandemic, sometimes being the only activity in the Centre, but we have kept the building open for them to operate. The Hive Café reopened in March, initially for a take-away service and then al outside tables,. we are very grateful to Val Cousins, Fran Pym and Dot Mackay, the three volunteer managers, and over 50 well-trained volunteers, coordinated by MeNyn Roberts, who have coped with different ways of opening and enhanced hygiene procedures. Profits from the café have contributed to the rufining costs of the Centre. In July Marcus Kavanagh took over cleaning the Centre from a servi5 contractor. The Parish Arehtves supported by both the chuTch and the parish council are stored upstairs. Our poli Community Support Officets hold Iheir'suigery, from time lo time in the Centre", we have also hosted groijps that support people with different medical conditions. In all these ways, the Centre is helping us to fulfil 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 mission. In total around £17,000 was sent to mission and charities in 2021. Of this total, £900 was sent directly from collections details are attached to the church accounts bul they are separate from church income and expenditure. Since 2009 church members have made financial pledges lo the Trnll chUh Mission Fund. In 2021, over £12,700 was given in this way (with £2.600 tax reclaimed for 2020 in addition)., cheques and standing-orders from the fund totalling £15.000 were sent to the following Tnissions.. Crosslinks for the de Roemers in Belgium, UFM lor Heidi and Bosco Bukeera church-planting in Uganda, Kisiiii Partners for medical supplies whilst Laurence & Marjay Pallant were doctors there, Oak Hall in Serbia, Bible Society, and more locally.. Besom in Taunton, Taunton Team Chaplaincy, Taunton Youth for Christ and Open Door, for which we also continued lo invite offerings over the Christmas period. It was heartening that approximately half of our growthrOupS were able to contit7ue meeting despite the pandemic, in different homes and online- they are being relaunched in 2022. Anne Bird and David Taylor oversee this programme. The church plays a central role in vlllage lrfe. Close links have continued wilh Trull CofE VA Primary School. Veronica Ferdinando is School Chaplain," the Childn & Families Worker and Rector take regular and seasonal assemblies. The Community Centre continues to strengthen our links with many village otganizalions. The parish magazine includes a range of community news and is delivered to a rnajorty of the homes in Trull. Information about the church can also be found on the website, which includes recent services and sermons. During the pandernic support for the homele55 has increased. A centre for the homeless was set up by SW&T Council al Canonsgrove, on the edge of Trull. A socially-distan¢ed Christmas event was arranged with Christmas gift boxes provided by members of the church. We are also listening to concerns raised by some local residents. The church porch has been used as a safe drop-off point for food and clothing, not only for Canonsgrove but also for Open Door and the Taunton Foodbank. AJI Saints Trull is part of a joint benefice, sharing the Rector with St Michael and All Angels, Angersleigh. Some members of the Angersleigh congregation come to Trull on the Sundays when they have no service of their own. Al Saints Trull and St Michael & All Angels Angersleigh are part of a Local MniS Group with Wilton, Galmington and Bishops Hull in the Taunton Deanery. the ministers meet to pray, share news and support one another. page 3
PCC of All Saints Church. Trull Annual Roport for the year ended 311)ecember 2021 (continued) There are informal links to the B1 fellowship of Taunton church leaders. Four members of the church are involved th Taunton Street Pastorn at weekends. Two Members of the congregab.on are involved in the Taunton Team Chaplaincy for WOrkplaS, especially those in the town centre. on behalf of the churches in Taunton. Othei volunteers have joined in projects such as gardening and house decoralion through the Besom in Taunton. Financial Review We are grateful for those who continue to give so farthfully to the work of the church_ Regular giving held up durir¢g the first half of 2021 bul dropped later in the year as some people moved away from Trull or started going to a churth nearer their hornes. Expendrture was below budget because our youth-worker was on leave for haW the year,. new appointments in the office and for TCCC cleaning were delayed as a result of the lockdown. Income from TCCC hire and the Hive Café recovered more quickly than expected when actwity restarted. So we only had a small shortfall in 2021 and didn't need to use our reserves. Legacies with no restrictions on their use were [1Ved from Janet Trevelyan, the daughter of a former vicar 1£10,0001,' Peggy Toy 1£5,0041 and Patience ClarthY {£1,0211. We are very thankful that we have been able to meet our routine costs in 2021 without having lo use any of our emergency reseTves. Regular giving at the end of the year was slightly lower than in January. It was the finances of the Community Centre that were most affected by the pandemic. Despite furloughing some TCCC slaff, many costs remained much the same whilst income was halved, because we had to close the Hive Cafè and often the only hirer was Trull Saplings Preschool. In 2020 we received a wonderful acY of £630,000 from Ruth Pewtress for the fabric of the building of All Saints Parish Church only,. This will pay for the building repairs recommended by the architect, Michael Vaughan, in his recent quinquennial report and for years to come. Using this legacy, we ate also developing plans to renew the lighting and to install a more eco-friendly heats.ng system., Peter Chew and the architect are co-ordinating initial surveys. Looking ahead Inlo 2022, we are expecting to have a full range of activibes and a full staff team for the whole year. The diocese is asking for the same Parish sha Iwith Benefice Ministry Allowance) as in 2021. Our regular income is starting at a lower level than in January 2021. We are looking at a shortfall of about £45,000 over 2022.. planned roubne expenditure is £283,000, whilst income would be £237,000 if giving continues at the same level as at the end of 2021. In January 2022 we had over £40,000 in the bank that wasn't allocated to other purposes, on lop of our prudent reserves of 2 months. expenditure. So we should be able to meet our costs in 2022 but we cannot sustain this level of staffing and activity in future years unless planned regular giving increases. Funds and Reserves Total Income for 2021 was £321,897 (2020.. £910,581 including Ruth Pewtress Fabric legacy, 2019.- £370,464) of which £15,823 (2020.. £645,511,. 2019.. £18,071) was Restricted. Total Expenditure in 2021 was £329.143 {2020.' £304,078., 2019.- £316,782) of which £34,150 (2020.. £26.509', 2019.. £23,305) was Restricted and £1,100 (2020" £1,000", 2019." £1,200} from Endowment. So there was a Deficit of £7,246 in 2021 {2020'. £606,503 Surplus but about £23,000 deficit without the legacy; 2019.. Surplus £53,682). Total Funds at the end of 2021 were £1,865,877 {2020: £1,873,123,. 2019. £1,266,620) of which £1,661,360 (2020. £1,678,644, 2019: £1,059, 742) was in Restricted Funds ImosUy the value of the TCCC and its equipment and the remaining £605,000 of Ruth's fabric legacy), £7,100 (2020.. £8.2(X),' 2019.. £9,200) was in Endowment Funds (see below) and £197,417 (2020. £186,179,. 2019.. £197,678) was Unrestricted. Of these Unrestricted Funds £8,927 (2020.. £9.178," 2019.- £5,584) are held as fixed assets. £35,000 was allwated for replacing equipment & medium-temi repairs to the TCCC and £9,500 towards employing a youth-worker in 2021-24. Ir¢cluded in our Unrestrfcted Reserves a sums of money from legacies", some recent gtrts have been set aside for fabric & organ repairs (around £7,000). The Lily Fund, with a balance of over £1,500, is to help young people take part in Christian courses & activities. A legacy from Margaret Sutcliffe in 2019 is being u*d towards the cost of having a full-time youth-worker in 2020-24. This leaves over £90,000 unrestricted and unallocated free reseeS readily available in the bank. So the PCC met its target of keeping fi'nancial weNes in unrestricted funds equal to two months, regular expenditure1£50,000}. In addition to this prudent reserve, over £40,000 from previous year5 IS available to cover the possible shortfall of this amount between income and expenditure in 2022. The main Restricted Funds are the Hall Development Fund (used to build the Trull Church Community Centrel and the Ruth Pewtress Fabric Fund for the church building. Details of the Mission Fund are on p.3 of this Report. Other Restricted Funds include.. the general Fabric Fund and the Oryan Fund for the church building and organ-, the Trull Aid Fund, given to help members of the parish or congregation in need, at the discretion of the Rector, but also invofving the Treasurer and a Churchwarden. page 4
PCC of All Saints Church, Trull Annual Report for the year onded 31 December 2021 (continued) other Reslricled Funds". Bells Fund, for maintenance of the bells,. the Rectory Fund for defraying some of the expenses of the rectory., the Archives Fund for developing the Archives of the Parish,. Women's Events. In 2010 the ¢hurch received a legacy from the estate of Miss Gwen Richards. There were Iwo gndowments, each of £7,000.. one towards the Maintenan of the churchyard and one for church flowers,. In 2016 the PCC look measijres in accordance with Charity Commission published advice lo release the capital of these endowments. Charitable Status: Aims & Ob'ectives and Public Benefrt 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 Registered Charity number 1$ 1130899. As for all PCC charibes there is no separate Governing Dctumenl,. the PCC is subject to the Parochial Church Council Powers Measure119561 as amended and to the Church Representation Rules. When registering a5 a charity the PCC declared its Alms and Objectives to be promoting in the ecclesiastical parish the whole npission of the church, including the following activities conducted under the authonty of the Church of England for the benefit of the public.. regular public worship open to all - the provisKJn of sacred space for personal prayer and corTrtemplation pastoral worf¢, including visiting the sick and bereaved leaching of Christianity through semions, courses and small groups taking of religious assemblies in schools promotion of Chlistianty through the staging of events and meetings, and the distribution of lrteralure the provision of activities for senior citizens and for parents & toddlers supporting other charities in the UK and overseas The Trustees {the PCCI ¢onfimi that they have referred to the guidan contained in the Charity Commission's General Guidan on Public Benefft when reviewing the Charity's "mS and Objectives and in planning future activities. Related Tnts and Charities Trull Parish Room is a registered charlty no. 203284 established by a Declaration of Trust dated 11 Oct 1967, based on an Indenture dated 29 Jan 1886, as varied by a Scheme sealed on 19 Feb 1993. The Custodian Trustees are the Bath & Wells Di(San Board of Finance, who need to be consulted about any major changes to the site. The Managing Trustees, responsible for 811 roubne business, are the PCC of All Saints, Trull. SIfi the Parish Rooms have now been demolished, there is no longer any income or exnditre to be shown in Ihe accounts. However, the Trull Parish Room charity continues to exist as the owner of the site of the fomier Parish Room and also of the stte of the Old Village Hall, which it acquired from the Trull Village Memorial Hall Trustees for £10,000 in July 2013 in accordan w4th an Order of the Charity Commission of 21 May 2013,. these sites fonn the site of the new Trull Church Community Cenlre, which is itself the property of the PCC All Saints Trull charity- The w)ssibility of merging the Parish Room charity with the main PCC charity was explored in early 2013 but the Charity Cornmission did not accept our case that this would simplify the affangements for the new Cenlre. Statement of the PCC'S Res onsibilities The council Is responsible for preparing the Iruslees, Annual Report and the financial stslements in accordance with applicable law and in accordance wth United Kingdom Accounting Standards, including Financial Reporting Standard 102.. the financHI reporting standard applicable in the UK and Republic of Ireland (UK Generally Accepted Accounting Practice). The law applicable to charities in England and Wales reqL*ires the charity trustees to prepare financial statements for each year that give a true and fair view of the state of affairs of the PCC and of the income and expenditure of the charity for that period. In preparing these financial statements, the council are required lo". select suitable accounting policies and then apply them consistently,. observe the methods and principles in the applicable Charities SORP., make judgements and estimates that are reasonable and prudent., state whether applicable accounting standards havè been followed, subject to any material departures that must be disclosed and explained in the financial statements.. prepare the financial Statements on the going concern basis unless it is illappropriate to presume that the PCC will continue. page 5
PCC of All Saints Church, Trull Annual Report for the year ended 31 December 2021 (continued Statement of the PCC'S R The c4)uncil is responsible for maintaining proper accounb.ng records that disclose with reasonable accuracy at arly bme the financial position of the PCC and enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable CharilEs {Accounts and Reports) Regulations 2008, and the provisions of the trust deed. They are also responsible for the safeguarding the assets of the PCC anij taking reasonable steps for the prevention and detection of fraud and other irregularities. The council is responsible for the maintenance and integrity of the charity and financial infomiation included on the" Chanty's website. Legislation in the United "ngdoM governing the preparation and disseminats.on of financial statements may differ from legislatioft in other jurisdictions. onsibilities continued Risk and ReseNes Polic The financial and pastoral risks to which the PCC is exposed are reviewed regularfy at PCC meetings, the like5ihood and dangers are calculated and measLsres to eliminate them are determined_ To reduce financial risk, all heques from PCC accounts require 2 signatories. The Treasurer makes all online payments, with a daily limit of £1,000. Liz Willis, a church warden, has full acce55 to the online account to monitor transactions and can suspend its use if required,. at the end of each month she counter-signs all online bank payments on a copy of the bank statement. Savings are kept in financial institutions where the balance is covered by the Financial Services Compensation Scheme. Reserves are held for around 2 months general expenditure-, money is also set aside to replace equipment with a short lifespan. The Ruth Pewtress fabric legacy received in 2020, which is too large to be kept in an institution covered by the FSCS, now provides more than enough reserves to cover emergency repairs to the church building. The PCC opete$ Safeguarding and Safer RecrU'ng Policies that are reviewed annually. The PCC is complying with the 2018 General Data Protection Regulations.. we have updated our office database to enable more efficient and attractive communications with church members, in a way that is fully compliant with GDPR. In Juty 2019, following Charity Commission and Church of England advice to all parishes, the PCC delegated lo the diocese the responsibility to report to the Chanty Commission any seTiOUS incident involving Safeguarding. Safeguarding issues, Health & Safety, Disability and Data Protection are on the agenda of every PCC meeting. The Annual Report was approved by the PCC on 14 March 2022 and signed on their behalf by: Signed Rev Andrew Wadsworth (Chairman) page 6
PCC of All Salnts Church, Trnll Inde endent Examinerfs Re ort to the Trust¢¢s of the Parochlal Church Councll of All Saints Church TNII I report to the members of the PCC my examinatim of the aco)unts of ihe Paro¢hial Churth Council of All Saints, Trult for Ihe year ended 31 Decembw 2021. n8ibiliti and Bas18 of Re rt As the membeTS of tt)e Parochial Church Council of AH Saints Church. Trull, you a responsible lor the preparation of the accounts • accordance vrith the requirements of the Charittes Act 2011 IY)e ACVI. I rep)rt in respect of my eL2minalion of the ¢harrVs accounts carrled fxrt uThJer section 145 of the 2011 Aci and in carying out my examination I have folh)wed all the applicable Directions given by the Charlty Commission under section 14515Mb) of the ACL Inde ndont ExamlneV8 Statemmt Since the charity's gross income exceeded £250,0 your examiner musl be a member of a kKxty listed in section 145 of the 2011 Act. I confim) that l am qualif to undertake the examination because l am a member of the Insbtute of Cl)artored Accountants in Erwland and Wales. which ts one of the I'sted Fxyjies. I havo rnpleted my examination. I confirm that no material matters have come to my attenti in connection ¥th the examinatM)n givKw me cau86 to ble that in any material respecl: (11 aCCUnI.g re(yJrds wwe not kept in re3pect of the Charty as required by sectDn 130 ofthe Act,. or 12) the accounts do accord wilh these re(ths: or (31 the accounts do not compty wth the appItCab requirements concerning the fomi and content of aCnIS set out in the Charities (Accounts and Reports) Regula1KJns 2008 other than any requirement trklt the accounts give a 'Irue and fair view. which is not a matter considered part of an Trndependent examinatson. I have no ncernS and have come across fto other matters in connection wtlh the examinahon to which attention shouf(I be drawn in this report in order to enable a proper understanding of the accounts io be reached. Sarah Twst FG4 DChA Chartered Accountant ACMO Slafford House Blackbrook Park Avenue Taunton TA12PX
PCC of All Saints Church, Trull Statoment of Financial Activities for the Year Ended 31 December 2021 Total Fund5 2021 Total Unrestricted Restricted Endowment Funds Funds Funds Funds 2020 Notes Income from: Donations and Legacies Other Trading Actwibes Investments 231,801 15.536 247,337 865,271 13,650 14,907 14,907 91 287 378 761 Charitable Activities 56,062 56.062 27.257 other Income 3,213 3,213 3,642 Total Income 306,074 15,823 321,897 910,581 Expenditure on: Raising Funds Charitable Activities 65 293,874 33,869 1,100 328,843 303,835 Other Expenditure 19 281 300 178 Total Expenditure 293,893 34.150 1,100 329,143 304,078 Net IncomellExpenditure) Movement behveen Ftjnds 12,181 {943) 11,238 118,3271 11.100} 943 {7,2461 606,503 Nel Movement in Funds 117,3841 {1,1001 (7,2461 606,503 Reconciliation of Funds: Total Funds Brought Forward 15 186,179 1,678.744 8,200 1,873,123 1.266,620 Total Funds Carried Forward 15 197,417 1,661,360 7,100 1,865,877 1.873,123 The notes orj pages 10 to 19 form part of the financial statements. A Statement ofFinancialActivifies for the prevft)us year divided between Funds is included at Note 18 on p. 18., page 8
PCC of All Saints Church, Trull Balance Sh88t as at 31 Decomber 2021 Notes 2021 2020 Fixed assets Tangible assets 1,049,474 1,052,449 1,049,474 t,052,449 Current assets Debtors Cash and cash equivalenls 12 70,440 753 005 823,445 70,717 757,221 827,938 Current Liabilitie5 Creditr)rs - due wthin 1 year 13 7,042 7,264 Net current assets 81S,403 820.674 Total Assets less Current Liabililies 1,865,877 1,873.123 Net assets 1,865,877 1,873,123 Funds Unrestricted funds Reslricted funds Endowment funds 15 15 15 197,417 1,661,360 7,100 186.179 1,678.744 8.200 Totsl funds 1,865,877 1.813, 123 The financial statements were approved by the PCC on 14 March 2022 and were signed on its beha by: Rev Andrew Wadsworth {Chairman} The notes on pages 10 to 19 fon17 part of the financial statements. page 9
PCC of All Saints Church, Trull Notes to the Financial Statemènts for the Year Ended 31 December 2021 Accounting Pollcies The financial Statements have been prepared under the historical cost convention with items COgniSed at cost or transaction value and subsequenuy amortssed cosl. The financial statements have been prepared in accordance with the Statement of Recommended Practi Accounb"ng and Reporting by Charib'es preparing their accounts in accordance with the Financial Reporttng Standard applicable in the UK and Republic of Ireland IFRS 1021 issued October 2019, the Financial Reporting Standard applicable in the United 'ngdoM IFRS 1021, the Charities Act 2011 and in aordanCe with the Church Accounb'ng Regulations 2006. The Church constitutes a publi¢ benefil entity as defined by FRS 102. The Tru51ees consider that there are no material uncertainties about the Charity's ability lo continue as a going concern. (il Funds Unrestricted funds represent the funds of the PCC th are not subjecl to any restrickn'on regarding their use and are available for application to the general purwses 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 endowment funds at All Saints are from the legacy of Gwen Richards, for church fiowers and the churchyard. In 2016 the PCC took measures in accordance with Charity Commission published advice tg release the capital of these endowments 50 that the purpose of the funds can be achieved more effectively. lill Tangible Fixed Assets Tangible fixed assets a included at C05t less depreciation_ Depreciation of items such as electrical equipment is calculated at approximately 200fi of cost, which is considered sufficient to write off the assets over their useftjl economic lives_ Depreciation of items such as fumiture and nonlectrical equipment in the Communty Centre is calculated at 100/0 of cost. No depreciatron is being applied to the building itself but Ihe PCC is exploring the likely cost and timing of future maintenance and repaits, and is seth'ng aside some funds for this purpose. Moveable Church fumishings held by the Churchwardens ag listed in the inventory held by the Churchwardens are not included on the Balance Sheet. Consecrated and benefice property is not included in the accounts under Section 1012al of the Charities Act 2011. (iii) Recognition of Income and Expendithre Income is recognised when cash is received or when its receipt is considered certain. Expenditure is recognised when payment is made or when a liability has been incurred if earlier. Lrabilities are recognised as expenditure as goon as there is a legal or constructive obligats'on committing the charity to that expenditure, it is probable that settiemenl will be required and the amount of the obligation can be measured reliabty. All expenditure is accounted for on an accruals basis. All expenses including support costs and governan costs are allocated or apportioned lo the applicable expenditure headings. liv) Legacies Income from legacies is credited lo the relevant fund in the year in which it is received, or where there is suffi'cient evidence that the legacy will be received. If not otherwise specified by the testator, legacies are nomially credited direct lo the General Fund. {vl Irrecoverable VAT Irrecoverable VAT is charged against the expenditure heading for which it was incurred. Ivil Expendlture on Charitable Activltles Costs of charitable activilies include donations, parish share, upkeep of the church, support costs and 90vemance costs.. see page 13 for details. These costs include costs related to independent examination. page 10
PCC of All Saints Church. Trull Notes to tho Financial Statements for the Year Endod 31 December 2021 Iviil Kgy Judgements and Estimation Uncertainty The preparation of the financial statements requires rnangement to make judgements, estsmates and assumptions thal affe the application of policies and reported amounts of assets and laibilities, income and expenses. Estimates and judgements are continually evalLtated and are based on historical experience and other factors, including expectations of future events, that are believed to be reasonable under the circumstances. The resulb'ng accounting estimates will, by definitson, seldom equal the related actual results_ Estimate of legacy income.. in 2020 a debtor of £30,000 was recognized in respect of the remainder of a legacy payable to the PCC. This continues to reflect the TfUStees' best estimate at the balance-5heet dale. The relevant estate is still in the hands of the solicitor and the final amount to be paid to the PCC is yet to be finalised,. so the amount that is ultimately receNed could vary from the amount recognried at the balance- sheet date. Iviiil Expenditure on Raising Funds The expenditure on raising fvnds consists of costs associated with administering donations and fundraising events. {ixl Financial Instruments The Church only has financial assets and liabilities that qualify as basic financial instruments and are therefore recognised at transactson price and subsequentty at amortised cost. These include debtors and creditors as applicable. Ix} Cash and cash equivalents Cash and cash equivalents includes cash and short term highly liqusd investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account. page 11
PCC of All Saints Church. Trull Notes to the Financial Statements for the Year Ended 31 De¢•mbor 2021 UnrestrÉcted 2021 Restr"cted Endowment 2021 2021 Total 2021 Total 2020 Donation¥ and Legacies Planned Giving and FWO Gifts Tax Reclaimabke on Planned Giving Giving via CAF etc Collections for Church Funds Other Gifts for Church Funds Gifts for Mission Support Tax Reclaimable on Mission Gniing Legacies & Gifts In Memory TCCCIHall Development Gifts Rectory Fund Gifts 167,429 37,016 8,988 21hS 1,417 167,429 37,016 8,988 2( 1.417 12,681 2,701 16,745 104 168. 743 37,593 9, 137 229 2,266 12,248 2,635 632,380 40 12,681 2,701 16.745 104 50 231,801 15,536 247.337 865,271 Other Trading Activities TCCC Hire 14,907 14,907 13.650 Investments Interest 91 287 378 761 91 287 378 761 Charitsble Activtties Fees Magazine Youth & Children Bookstall TCCC Café other 8,547 9,081 2,154 8.547 9.081 2.154 6.343 2,368 764 305 17,396 81 35,896 35,896 56,062 56,062 27,257 Other Incomg Grants- general . Office Income Other (Insuran Claim, Archives) 2,623 590 2,623 590 3,163 379 100 3.213 3,213 3,642 . Grants in 2021 from." P81Fsh Lands. pag8 12
PCC of All Saints Church. Trull Notes to the Financial Statements for the Year Ended 31 December 2021 Unrestricted Restricted Endowment 2021 2021 2021 Total 2021 Total 2020 Expenditure on Raising Funds Planned Giving Envelopes 65 65 Charitable Activities Parish Share Rectorfs Expenses Curate & Placement Expen Fees Youth-WOTker Children & Families Worker Office Staff Office Costs Magazine Youth & Children Outreach Other Events & Teams Mission SupportlExpenses Education - Coutses and Resources Bookstall Worship Communicatsons & ArchNes Church Repairs & Improvements Church Insuran & Utilities Churchyard & Car Park TCCC - Staff TCCC - Cleaning Contract (2020-1) TCCC- Operation TCCC - Café Depreciation - general equipment Depreciation - TCCC furniture & eqpt Depreciation - TCCC Café equipment Loss on Disposal {TCCC equipment) Independent Exam (ext 2020 in 2021) othe PCC Expenses 126,125 1,684 1,831 4,308 14,469 26,696 24,056 6,115 8,193 3,923 455 126.125 1,684 1,831 4.308 14,469 26,696 24.056 6,115 8,193 3.923 455 320 16,030 428 437 4,169 299 16,628 2,882 4,693 15,542 1.924 21,294 19,812 950 2,202 1,146 400 1.530 302 119,393 2.203 297 3,504 26,665 26,093 26,879 5,124 3,615 2, 749 442 256 1,000 428 437 4,099 299 951 2,882 3,593 15,542 1,924 21,230 19,812 950 24 600 400 1.290 302 64 47 15,030 14,0(K) 263 344 2,344 544 10,422 2,990 3,640 12,787 3,265 19,635 9,638 726 3,578 1.598 70 15,677 1,100 2,178 546 240 1.050 293.874 33,869 1.100 328,843 303.835 Other Expenditure Rectory Fund Bank Charges 281 281 19 300 178 19 19 281 178 page 13
PCC of All Saints Church, Trull Notss to the Financial Statements for the Year Ended 31 December 2021 10. Staff Costs 2021 2020 Gross Salaries Coronaviftjs Job Retention Scheme Claims for TCCC staff Statutory Matemity Pay reclaimed Employerfs National Insuran¢e (EmploymentAIlowan £4,000 in 2020, as in 2019J Pension costs Redundancy 78,714 87,491 (2,252) 14.141} 1,379 1,558 3,294 3,327 690 90,814 79,246 The average number of employees in 2021 was 6 (the same as in 2020).. 2 are full-time, the 2 office-staff and the 2 employees for the TCCC are part-time. One full-time employee was on maternity leave or shared parental leave for 7 months of the year. 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 wth NEST, fulfillir¢g our obligations under pension regulations. The PCC has chosen to match employee contributions to the pension scheme and to pay any required arinual increase in the rate of contribution frorn January, rather than April, of each year. There are no employees with emoluments exceeding £60.000. 12020 - nill. The key management personnel are the Incumbent and members of the PCC_ In January 2021 the employees of the PCC who had been co-opted, after their appointment, as members of the PCC resigned from the PCC and now onty attend to report on their activitie5," SO there is no longer any remuneration paid to rnembers of the PCC. Details of remuneration paid to members of the PCC in 2020 are in Note 17_ 11. Tangible Fixed Assets TCCC Building TCCC Equipment Other Equipment Total Cost At 1 January 2021 Addrtions Disposals At 31 Dernber 2021 1,036,837 59,236 1,474 11,1201 59,590 9,033 499 1.105,106 1.973 11,1201 1,105,959 1,036,837 9,532 recialion At 1 January 2021 Charge for the Year Eliminated on Disposal At 31 December2021 47.509 3.348 14701 50,387 5.148 950 52,657 4,298 14701 56,485 6,098 Net Book Value al 31 December 2021 1,036,837 9,203 3,434 1,049,474 Net Book Value at 31 December2020 1,036, 837 11,727 3.885 1,052,449 The TCCC building fixed asset refers lo the costs of this project from design to completion in Octobei 2014, including architect's & other design consultants, fees, and planning & survey fees, as well as the building contractor. No depreciation is applied lo the building. FurnUre and non-electrical equipment are depreaated al 100A p.a. and electtioal equipment al 200K p.a. page 14
PCC of All Saints Church. Trull Notes to the Financial SLitsments for the Year Ended 31 December 2021 2021 2020 12. Debto Tax Refvjnd due on Planned Giving Jan-Dec Tax Refijnd due on Mission Fund Giving Jan-Dec Other Prepayments & Awrued Income Legacy - estimate of remainder of Ruth Pelress legacy to be paid". same as at 31 Dec 2020.. the administrat ofher estate is notyet complete. 37.( 2.7 740 30,CX)O 37,593 2,635 489 30.(AIO 70,440 70,717 13. Creditors - due within 1 year Cred((ors for goods and services In 2020 magazine subs and adverts were paid but few issues printed. so £4, 738 was deferred tow8rds wst of2021 issues. 7,042 7,264 7,042 7,264 In autumn 2021 subsciiptAons were collected for the rest of 2021 for 2022.- £3,361 was paid in advance for 2022. 14. Independent Examinerfs Remuneratlon 2021 2020 Independent Examinerfs Fee. In 2021 thAS included some extra for the 2020 accounts to deal with a large legacy. 1,530 1,050 page 15
PCC of All Saints Church, Trull Notes to the Financial Statements for the Year Ended 31 December 2021 15. Statement of Funds Balance Bfvd 01101121 Balance cifv 31112121 Investment Gains Income Exp8nditurè Tr8nsfers Unrestricted Funds 186,179 306,074 293,893 1943) 197,417 Reslricled Funds Archives Bells Fabric GRichard$.' Churchyard GRichards'. Flowers Hall Development Mission Sijpport Organ Rectory Ruth Pewtress Fabric Tvull Aid Total Restricted Funds 128 4,365 47 75 128 4,365 47 70 2,788 15,030 1.044,251 5,274 2,000 1,038 621,113 453 1,678,744 104 15,382 1,041,567 6.569 2,000 807 605,483 389 1,661,360 943 50 287 281 15,917 15.823 34,150 943 Endowment Funds GRichards.' Churchyard GRichards'. Flowers Total Endowment Funds 2,000 6,200 8,200 1.000 100 1,100 1,000 6,100 7,100 Total Funds 1,873,123 321,897 329,143 1,865,877 Unrostricled Funds are for the general purposes of the church. This includes money from several lega¢5es and gifts in memory that are not legalty restricted to a particular purpose. However, the PCC wishes such monies to be used in ways that are appropriate to each person being commemorated. So, these amounls are labelled on the Treasurevs computer accounts program, to keep track of how they are spent.. details for 2021 may be seen in the Annual Report. The largest Restricted Fund in cash is the Ruth Pewtress Fabric Fund that represents her legacy of £630,000 Yor the fabric of the building of All Saints Paiish Church only,. other Restricted Funds include the Archives Fund, which is for the development and display of the Parish Archives. It includes the annual grant from the Trull Parish Council. The Bells Fund is for the maintenallce of the church bells. Money in the Fabric Fund has been given for repair5 to the church bL¢ilding. organ 2nd churchyard lamp. A more specific gift has been allocated to the Organ Fund. The GRlchard$: ChurchyardlFlowers Funds include the income generated on the related Endowment 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 received has covered the full cost of construction. Some further income is being used to improve the building. Mission Support represents money given specifically to support Mission outside the parish_ From Aprsl 2009 this includes all the money given via the Trull Church Mission Fund bank account and any tax reclaimed on those gifts. From lime to time the PCC, through its Mission Team, makes gifts from this fund to missions and charities supported by the church. In May 2019 the income of £ 943 to the Mission Fund bank account was mistakenly allocated to the General Fund. This error was colrected in 2027 by a ttsnsfer from the General Fund to the restricted MissAon Fund of £ 943 in the Mission Fund Bank Account (see table above). The Rectory Fund represents money given to defray expenses in the Rectory. pag8 16
PCC of All Saints Church, Trull Notes to the Financial Statements for the Year Ended 31 December 2021 The Trull Aid Fund was set up in November 2009 for money to help people in the parish or in the congregakn.on who are in financial difficulty. Grants are made at the Rectols discretion but the signatures of the Treasurer and a Churchwarden are needed on any cheque. The Youth-work Fund now contains only designated funds from a legacy from Margaret Sutcliffe. The Endowment Funds come from legacies of £7.000 each from the late Gwen Richards.. one for ChUh flowets and one for the maintenance of the churchyard. In 2016 the PCC took measures in accordance wth Charity Commission published advice to release the capital of these endowments so that the purpose of the funds can be achieved more effectively. 16. Analysis of Net Assets between Funds Tangible Fixed Assets Net Current Assets Creditors Due after 1 year 3111212021 Total Unrestricted Funds Restricted Funds Endowment Funds 8,927 1,040,547 188,490 620,813 7,100 197,417 1,661,360 7,100 1,049,474 816,403 1,865,877 Forcomparison, this is last yeaS Analysis of Net Assets betWe8n Funds- for 2020. Tangible Fixed Net Cuent Creditots Due Assets Assets after t year 31/12/2020 Total Unrestricted Funds 9.178 1,043,271 177,001 635,473 8,200 186,179 1.678,744 8,200 Resth"cted Funds Endowment Fund5 1,052,449 820,674 1,873,123 17. Related Party Transactlons Reimbursement of expenses properly incurred on behalf of the PCC during the year amounted to £399 in total. The following payment has been made to the wife of a PCC member.. £2,107 to Fran Pym, one of the Hive Cafe volunteer managers, for baking cakes lat costl, shopping and monthly expenses., this is the same arrangemenl as ft)r all Hive managers, established five years before Rob Pym joined the PCC. From Aplll 2020 onwards rt was nSSary for the PCC to make online payments. Two unsuccessful attempts were made to obtain online banking via the PCC'S main account at HSBC. So, the Treasurer, David Sharpe, sel up a new petsonal online account. to be used solely for church busir¢ess. The PCC approved the arrangements. Since repayments were by cheqL¢e, Iwo other signatories had to authorise any such repayment. In 2021, 4 more repayments were made for batches of online payments totalling £11,540. A third attempt to obtain online banking on the PCC'S account was succesful in April 2021. From January 2021 no Trustees were employed by the Charity. In 2020 Iwo Trustees were employed by the charty and received remunerabon as follows.. Ruth Slade, Youthworker. £24,084 and pension contribution £963,. Libby Cuthbertson. Children & Familie5 Worker. £24,000 and pension contribution £960. In both cases remuneration was paid as part of their employment package and solely for their services ielaling lo employment and not for setvices as Trustees. The Youlh-worker, Children & Familie5 Worker and TCCC Manager are in attendance at pcc to contribute to discussion of items related lo their work and sometimes to comment on wider issues. They have no voting rights and wtthdraw from any discussion about their employment temis and remuneration. AII PCC members are irkvited to declare any potential conflicts of interest al Ihe beginning of each meeting. If neSsary, they withdraw from the meeting for any such items on the agenda. page 17
PCC of All Saints Church, Trull Notes to the Financial Statements for the Year Ended 31 December 2021 18. Statement of Financial Activities for the Year Ended 31 December 2020 For comparative purposes the Statement of Financial ActNities for the previous year is included here. Total Funds 2020 Total Funds 2019 Unrestricted Restricted Endowment Fund$ Funds Funds Income from: Donations and LegacEs Other Trading Activities Investments Charitable Acttvities other Income 220,248 13,650 373 27,257 3.542 645,023 865,271 13,650 761 27.257 3,642 27t,673 21,303 585 70,929 5,974 388 100 Total Income 265,070 645,511 910,581 370,464 Expenditure on: Raising Funds Charitable Activities Other Expenditure 65 276,504 65 303,835 178 26,331 178 1.000 316,235 483 Total Expenditure 276,569 26,509 1,000 304,078 316.782 Net Incomel(Expenditure) 111.499) 619,002 {1,000} 606,503 53.682 Net Movement in Funds {11,4991 619,002 (1,000) 606.503 53.682 Reconciliation of Funds: Tolal Funds Brought Forward 197,678 1,059,742 9,200 1,266,620 1,212,938 Total Funds Carried Foard 186,179 1,678,744 8,200 1.873,123 1,266,620 page 18
PCC of All Saints Church, Trull Notes to the Financial Statements for the Year Ended 31 December 2021 19. Prior Year Statement of Funds (2020) For comparative purposes the Statement of Funds for the previous year is included here. ststement of Fund5 Balance Bl 01101120 Balance Cifwd 31112120 Investment Gains Income Expenditure Transfers Unrestricted Funds 197.678 265.070 276,569 186,179 Restricted Funds Archives Bells Fabric GRichards.' Churchyard GRichards'. Flowers Hall Development Mission Support Organ Rectory Ruth Pewtress Fabric Trtjll Aid Total Restricted Funds 11001 128 4,650 47 75 1,046,935 4,391 2,000 1,216 100 128 4,365 47 75 1,044,251 5,274 2,000 1,038 621,113 453 1,678,744 285 40 14,883 2.724 14.000 178 9.275 47 26.509 630.388 100 645,511 400 1,059,742 Endowmen Funds GRichards". Churchyard GRichards". Flowers Total Endowment Funds 3,000 6,200 9,200 1,000 2,000 6,200 8,200 1,000 Total Funds 1,266,620 910,581 304,078 1,873.123 page tg