The Parochial Church Council of All Saints Church, Trull Annual Report and Financial Statements for the year ended 31 December 2022 Incumbent: Rev Andrew Wadsworth The Rectory, Wild Oak Lane, Trull, Taunton TA3 7JT Parish Office.. Trull Church Community Centre, Church Road, Trull, Taunton TA3 7JZ Bank: HSBC Bank plc 17 North Street, Taunton TA1 1 NA PCC All Saints Tmll is a Registered Charity no. 1130899 Contents Pa Annual Report of the Council Report of the Independent Examiner Statement of Financial Activities Balance Sheet Notes to the Financial Statements 10
PCC of All Saints Church, Trull Annual Report for the year ondod 31 Docomber 2022 Background All Saints Trull PCC has the responsibilty of ¢wperating with the in¢umbent in promoting in the ecclesiastical parish the whole mission of the church.. pastoral, evangelistic, social and ecumenical. Membership Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting in accordan wth the Church Representation Rules. The PCC also has the power to Co-opt membeTS as vacancies arise. During the year the following served as members of the PCC." Incumbent Rev Andrew Wadsworth Chaimian Cur8tes Rev Imogen Ball Rev Jonathan Ball Mr David Sharpe Mrs Anne Lawrence Mrs Jane Martin-scott Mrs Liz Willis Reader Churtthwardèns Treasurer. WichaIr until Apnl from Apnl Representatives on the Deanery Synod Mr David Taylor Mr Mark Richmond Mr Simon Howell Mr5 Chri5sie Wilson Secretary until August until May until Apnl El8cted Member3 Mrs Sue Allen Mr Paul Bailey MTS Tracey Khodabandehloo Mr Robert Py Miss Diana Scholes Dr Marie Simmond5 Mrs Averil Taylor Secretary until Apn-l until Aprtl C04Wted Membe Mrs Liz Otgan Dr Laurence Pallant from September from September Committoes The Slandirsg Committee (Chairman. Churchwardens, Secretary. Treasurer), which is a legal requiremenl, has the powers to transact the business of the PCC betWeen 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 between, and report to, full meetings . page I
PCC of All Saints Church. Trull Annual Report for the year ended 31 December 2022 (continued) 2022 saw the beginning of recovery from the COVID-19 pandemic but ils impact continued to be the greatest challenge to the PCC fijlfilling its charitable objectives and providing public benefit . All facilities have reopened but not all actpvities have restarted. Revd Andy Wadsworth completed his fourth year as Rector in October. He has had to oversee staff changes and recovery trom the pandemic in 2022. He has continued his cleai Bible preaching on Revelation. Luke's Gospel, Psalms and Nehemiah. as well as seasonal topics. Our curates Revd Imogen and Revd Jonathan Ball. wth their son Bamey, completed their first year of p05t- . ordination training by being priested in Decetnber,. Rt Revd Michael Beasley, the new Bishop of Bath & Wells, came to Trull for this celebration of their ministry. They are the first CiJTates to job-share in this diocese and Katie Wadsworth is joining with Andy in supeNising their curacy. The congregations have appreciated their different approaches lo leading worship and new perspectives in preaching, as well as their contribub.on to a fange of activities both within and beyond the parish. In ALtgusl Julie Bristow left the church office after 17 years as Church Administrator and Rector's PA. She has gone far beyond the terms of her job description.. she has been the welcoming face of the church, both in the tiny office in the old Parish Rooms and in the TCCC,. she has been a pastoral support to people in the office and on the phone." and she will be missed by the wider village as well. A presentation was made lo Julie at a Sunday lunch. We are also grateful to her husband Rob for his support of Julie and his DIY skills. Church Attendance and Membershi There were 253 narnes on the Electoral Roll at the annual meeting in April 2022, compared with 269 in April 2021. In 2022 the average weekly attendance al All Saints Trull was 115 aduts and 20 children, with a few MO people watching live-streamed services or r1VIng paper copies. this compares with 100 adults and 20 children in 2021, and 170 adults and 30 children befoie the pandemic. The fuure for'church Membership" used by the diocese for calculating the Parish Share that we contribute to the Common Fund that pays for clergy costs and other dioan expenditure is calculated in yet another way. anyone over 18, apart from visitors, who attends a service during October, or would have done so bul for illness, is counted. Newcomers are not always included in their ffrst year. On this basis, the annual survey of church attendance in Ocl 2022 produced a membership figure of 1991189 in person and 10 al home, watching online or with paper copies of the service)., this compares wrth 182 for in-person and online ServIS in Oct 2021. pre-pandemic figures for attendances at a full range of services were 240. Review of the Year's Activities During 2022 the PCC had 6 regular meelings with an average attendance of 84¥0. As well as responding to recovery from the pandemic. they have been looking ahead to the opportunities of the Orchard Grove housing development in the parish and making plans for improvements to the church building, including better lighting and more eco-fn"endly heating. In November Ruth Slade left her post as fvll-lime Youth-worker after 5 energetic years wilh us. when she was appointed as Growng Faith and Everyday Faith Adviser for the Wells Archdeaconry. We are glad that she, with Matt and Ellie, haven't moved away and are still active members of the church. We do not have the money lo appoint a replacement member of staff. Teams of volunteers are taking responsibility for Watchers111-14's, now gn Sunday evenings) and Pulse for 14-18's on Fiiday evenings. Libby Cuthbertson continues as Chiklren & Families Worker, she is focussirTrg on under-11's and their parents and carers. She is joined by a large team of volunteers (all DBS-checked} lo run groups for children on Sundays, Launchpad for 11.$ on Wednesday5, and Angels Itoddlersl on Thursdays. Some activities have been held outdoors in the churchyard and there was a family weekend al the Wildside Experience tre in the Blackdowns. Julia McFaul has taken over from Hannah Gales as the Parish Safeguarding Offlcer. The PCC agreed an updated Safeguarding and Safe Recruiting Policy in November 2022. Diana Scholes has continued as PCC lead for Disability and for Heatth & Safety. Jane Martin-scott took over trom Anne Lawrence as churchwarden in April, and Liz Willis continued as churchwarden,. they are 5UPPOrted by several service-stewards. Sue Allen was unable to conb.nue as PCC Secretary and David Taylor stepped into this role. David Sharpe is still Vice-chair, Treasurer and Reader. We were able to return to the full range of Sunday services". at 8am there is traditional BCP Communion or Morning PTayer', the Moming Service at 10.30am is more informal all-age worship on most Sundays but on the 2nd Sunday there is a Family Setvice in the TCCC at the same time as a Common Worship service with organ and choir in church- at 5_30pm there is the Five30 service of contemporary worship in the TCCC. All these seNices rely on volunteer musicians aad sound team members. page 2
PCC of All Saints Church, Trull Annual Report for the year ended 31 December 20221continued) Jennie Ru5inek and Sally Silsby have continued to lead services as Lay Worship Assistants. We have also benefitted from the ministy of Rev Tim Butlin and David Willis. Although Sandra Jones focuses her Reader ministry on Angersleigh, it is also good to see her in Trull. Jamie Fox compSeted his placement with us." he is now the Curate at Taunton Minister ISI Mary Magdalene). Laurence Pallant is exploring ministry. Our worship and activities are upheld by prayer.. Powethouse, the church prayer-meeling, is held monthly., there is also corw)rate prayer to start the week, and also for the work amongst young people and for the men's ministry. The Parish Links are an important part of pastoral care in the parish, maintaining contact 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 pastoral care", some members of the church are licensed by the Bishop as pastoral visitors. There have been fewer people coming to IheTwelve-ttFTwo monthly lunchtime meeting for the retired, so il was decided that the December gathering would be the last one,. we are grateful lo Sandra Jones and all the volunteers who have helped over the years. However, Coffee Connect has restarted on the first Tuesday of each month and has bèén Populaf with retired people. The Trull Church Community Centre has now been opeft for over 8 years and continues to meet the needs of both the church and the community. All our youth and children's work takes place in the Cenlre, including the Sunday groups. and after-school activities for different age-groups. Odette Lawton took over the office as Church Administrator in September. With Andy Dunningham (Centre Manager) also having a desk there, the office is a welcoming pla to find out what is 90ing on, as well as support.tng the Rector, Curates and Children & Families Worker in their offices elsewhere in the same building. The TCCC has some new groups that hiie it, replacing those that dropped out during the pandemic_ Trull Sapling5 Preschool continues to be our major hirer on weekdays and we are glad to host this important provision for village families. The Hive Café has had a very SUC$sful year., we are very grateful to Val Cousins, Fran Pyrn and Dot Maekay, the three volunteer rnanagers, and over 50 well-trained volunteers, coordinated by Mervyn Roberts, who make it a village hub and a welcoming place to meet friends, especially for those who live on their own. Profits from the café have contributed to the running costs of the Centre. Marcus Kavanagh continues lo keep the Centre clean each day. The Parish Archives supported by both the chijrch and the parish council are stored upstairs Our Police Community Support Officers hold their 'surgery' from tirne to time in the Cenlre., we have also hosted groups that 5UPPOrt people wtth different rnedical cond((ions. In 211 these ways, the Centre is helping us lo fulfil one of our fflain aims, that of carrng for people of all ages in OLsr community. Houses are springing up on the Orchard Grove development in our parish beeen Trull village and the Wellinglon Road. A couple of church members have bought a house on the estate and are starting a midweek group there. Infomiation is being given to new residents about services and activities offered by the church. The Mission Team oversees links wth mission partners and giving for mission. In total around £17,500 was sent to m1s5ion and charities in 2022. Of this total, £1,500 was nt directly from collections- delai15 are attached lo the church accounts but they are separate from church income and expenditure. Since 2009 church members have made financial pledges to the Trull Church Mission Fund. In 2022, over £12,300 was given in this way Iwith £2,700 tax reclaimed for 2021 in addition)., cheques and standing-orders from the fund totslling £16,000 were sent to the following missions.. Crosslinks for the de Roemers in Belgium, UFM for Heidi and Bosco Bukeera church-planting in Uganda, Oak Hall in Serbia, and more locally.. Taunton Team Chaplaincy. Taunton Youth for Christ, Besom in Taunton and Open D(x)r," the last two were also supported from offerings at services over the Christmas peri, as was Taunton Foodbank. Many of our growth*roups have now restarted after the pandemic. Anne Bird and David Taylor oversee this Pfogrammè. The church plays a central role in village life. Close links have Continued with Trull CotE VA Primary School. Veronica Ferdinando is School Chaplain., the Children & Families Worker and the Rector lake regular and seasonal assemblies. The Community Centre continues to strengthen our links with many village organizalions. The parish magazine includes a range of communty news and is delivered to a majority of the homes in Ttull. Church information can also be ft)und on the website, 1c includes recordings of recent live-streamed setvices. During the pandemic a tre for the homeless was set up by sw&T Council at Canonsgrove, on the edge of Trull", this was closed towards the end of 2022. Members of the church have provided sandwiches and cakes and organized some seasonal events. As a church link, David Taylor has also listened to concerns raised by some local residents and chaired meetings of those involved in the project. The church and the TCCC have continLsed to be collection-W)ints for the Taunton Foodbank. page 3
PCC of All Saints Church, Trull Annual Report for the year ended 31 December 2022 Icontinued) All Saints Trull is part of a joint benefice, sharing the Rector with St Michael and All Angels, Angersleigh. Some members of the Angefsleigh congregation come to Trull on the Sundays when they have no setvice of their own. All Saints Trull and St Michael & All Angels Angersleigh are part of a Local Ministry Group with Wilton, Galmington and Bishops Hull in the Taunton Deanery", Deanery ministers meet to pray, share news and support one another. There are informal links to the B1 fellowship of Taunton church leaders. Four members of the church are involved with Taunton Street Pastors at weekends. Two members of the congregalior¢ are involved in the Taunton Team Chaplaincy for workplaces and now also the courts, on behalf of the churches in Taunton. Olher volunteers have joined in projects such as delivering supplies to people in need through the Besom in Tauntoft. Financial Review We are grateful foi those who continue lo give so faithfully to the work of the church. However, regular gwing diopped slightly dltring the year. ag some donors died or moved away. Expenditure was a little below budget because our youth-WOTker left in NOVemr and was not plaCed.. the office was not staffed full-time for the whole year. Income from TCCC hire and the Hive Café increased. So, we had a shortfall of £21,000 in regular income against routine expenditure in 2022," this was less than expected but we had to draw on our reserves to meet it. Legacies for general purposes were received from Michael Parsons {£2.500) and Paddy Connett1£1,0001. In 2020 we r1Ve a wonderful legacy of £630,000 from Ruth Pewtress Yor the fabric of the building of All Saints Parish chu only,. This will pay for the building repairs recommended by the ar¢hitecl, Michael VaL¢ghan, in his rnt quinquennial report and for years to come. Using this legacy, we are also developing plans to renew the lighting and lo install a more eco-friendly heating system., Peter Chew, Robert Pym and the architect have arranged initial surveys and sent some reports lo the PCC. The wider ¢hurch and community will be informed and consulted when clear, practical and costed options are available. Looking ahead into 2023, we are expecting to have a full range of actTrvit*es but a smaller staff team. The diocese is asking for an In¢aSe of 2Yo in Parish Shate (with Benefice Ministy Allowance) in 2023 but the assessment is still based on 2019 numbers. Our regular income is starb'ng at a sli9htly lower level than in January 2022. We are looking al a shortfall of at)oiJt £23,000 over 2023.. planned routine expenditure is £258,000, whilst income would be £235,000 rf givillg continues at the same level as at the end of 2022. In January 2023 we had over £20,000 in the bank that wasn't allocated to other purposes, on top of our prudent reserves of 2 months, expenditure. So we should be able to meet our costs in 2023 but we cannol sustain this level of activity in future years unless planned regular giving increases. We must also bear in mind that much of the cost of running the TCCC has been met from profils from the Hive Cafe, which is completety dependent on the avaiEability of volunteers, and hiring out to organizalions that may have their own financial challenges. Funds and Reseryes Total Income for 2022 was £319,563 (2021.. £321,897) of which £29,533 (2021." £15,823) was ReSt[ed. Total Expenditure in 2022 was £353,379 (2021.. £329, 123) of which £32,429 (2021.. £34. 150) was Restricted and £1,200 (2021.- £1, 100) from Endowment. So there was a Deficit of £33,816 in 2022 (2021_' £7,246). Total Funds al the end of 2022 were £1,832,061 (2021.. £1,865,877) of which £1.658,464 (2021.- £t,661.360) was in Restricted Funds Imoslly the value of the TCCC and its equipmeril and the remaining £6(K.930 of Ruth Pewtress's Fabric legacy), £5,900 (2021.- £7, too) was in Endowment Funds (see below) and £167,697 {2021.' £197,417) was Unrestricted. Of these Unrestricted Funds £8,042 (2021.- £8.927) are held as fixed assets,and £36,000 was allocated for replacing equipment & medium-term repaits to the TCCC. Included in our Unrestricted Res&Nes are sums of money from legacies.. some recent gtfts have been set aside for fabric & organ repairs (around £7,000). The Lily Fund, with a balance of over £1,000, is to help young people take part in Christian courses & activities. The remainder of the legacy from Maryaret Sutcliffe towards the cosl of having a full-time youth-worker was used up in 2022. This leaves over £70,000 unrestricted and unallocated free reserve5 readily available in the bank. So the PCC mel its target of keeping financial reserves in unrestricted funds equal to tsvo months, regular expenditure1£50.000}- In add"On to this prudent reserve. over £20,000 trom previous years is available to cover the possible shortfall of this amount beiween income and expenditure in 2023. The main Restricted Funds are the Hall Development Fund {used to build the Trull Church Community Centre} and the Ruth Pewtres¥ 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 discretson of the Rector, but also involving the Treasurer and a Churchwarden. page 4
PCC of All Saints Church, Trull Annual Report for the year ended 31 December 2022 (continued) Other Restricted Funds.. Bells Fund, for Maintenan of the bells,. the Rectory Fund for detraying some of the expenses of the rectory,. the Archives Fund for developing the Archives of the Parish., Women's Events. In 2010 the church received a legacy from the estate of Miss Gwen Richards. There were Iwo endowTrents, each of £7,000.. one towards the maintenance of the churchyatd and one for church flowers," In 2016 the PCC took measures in accordance with Charity Commission published advice to release the capital of these endowments. ChaTitable Status: Aims & Ob-eetives and Public 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 Registered Charity number is 1130899. As for all PCC charilles there Is no separate Goveming Document,, the PCC is subject to thé Parochial Church Councll Powers Measure119561 as amended and to the Church Representation Rules. When registering as a charity the PCC declared its AÉMS and Objectives to be promoting in th8 8cclesiastical parlsh Ihe whole miSSiOrt of the church, Sheludlng thè followir)g activitiea collduCtÈd undèr thè authority of thè Church of England for the benefit of thg public.. regular public worship open lo all the provision of sacred space for personal prayer and contemplation pastoral work, including visiting the sick and bereaved - teaching of Christianity throltgh sermons, courses and small groups taking of religious assemblies in schools promotion of Christianity through the staging of events and meetings, and the distribution of literature the provision of activities for senior citizens and for parents & toddlers supporting other charities in the UK and overseas The Trustees Ithe PCCI confim that they have referred to the guidance contained in the Charity Commission's General Guidance on Public Benefit when reviewing the Charity'5 Aims and Objectives and in planning future acb"vities. Related Trusts and Charities frull Parish Room 15 a registered" chafl.ty no. 203284" established by a Declaration of Trust dated 11 Oct 1967, based on an fndenture dated 29 Jan 1886, as varied by a Scheme sealed on 19 Feb 1993. The Custodian Trustees are the Bath & Wells Oiocesan Board of Finance, who need to be consulted aboul any major changes to the site. The Managing Trustees. responsible for all routine business, are the PCC of All Saints, Trull. Since the Parish Rooms have now been demolished, there is no longer any income or expenditure lo be shown in the a¢counls. However, the Trull Parish Room charity continues to exist as the owner of the site of the former Parish Room and also of the site of the Old Village Hall, which it acquired from the Trull Village Memorial Hall Trustees for £10,000 in July 2013 in accordance with an Order of the Charity Commission of 21 May 2013," these two sites form the site of the new Trull Church CommLfnity Centre, which is itself the property of the PCC All Saints Trull charity. The possibiliti of merging the Parish Room charity with the main PCC charity wa5 explored in early 2013 but the Charity Commission did not accept our case that this would simplify the arrangements for the new Centre. Statement of the PCC'5 Res nsibilities The COLtnciS is responsible for preparing the trustees, Annval Report and the financial statements in accordance with applicable law and in accordance with United Kingdom Accounting Standards, including Financial Reporting Standard 102.. the financial reporting standard applicable in the UK and RepLJblic of Ireland IUK Generally Accepted Accounting Practice). The law applicable to charities in England and Wales requires the charity Iruslees to prepare financial statements for each year that give a twe and fair view of the slate of affairs of the PCC and of the income and expenditure of the chattty for that period. In preparing these financial statements, the council are required to-. select suitable accounting policies and then apply them consistently., observe the methods and principles in the applicable Charitses SORP. make judgements and esb"mates that are reasonable and prudent., state whether applicable accounts.ng standards have been followed, Subject to any material departures that must be disclosed and explained in the financial ststements" prepare the financial statements on the going concern basis unless fÉ is inappropriate lo presume that the PCC will continue. page 5
PCC of All Saints Church, Trull Annual Report for the year ended 31 December 2022 (continued) onsibilities continued ststement of the PCC'S Res The council is responsible for maintaining proper accounts'ng records that disclose with reasonable accuracy at any time the financial position of the PCC and enable them to ensure that the financial statements comply with the Charities Act 2011. the applicable Charitses (Accounts and Reports) Regulations 2008, and the provisions of the trust deed. They are also resp)nsible for safeguarding the assets of the PCC and taking reasonable steps ft)r the preventron and detection of fraud and other irregularrties. The council is le5ponsib for the rnaintenan and integnty of the charty and financial information included Ofl the . charitys website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legislation in other jurisdictions. Risk and Reserves Polic The flnancial and pastoral risks to which the PCC is exw)sed are reviewed regularty at PCC meetings, the likelihood and dangers are calculated and measures lo eliminate them are determined. To reduce financial risk, all cheques 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 access 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 institutsons where the balance is covered by the Financial Services Compensation Scheme_ Resetves are held for around 2 months general expenditure", money is also set aside to replace equipment with a short lrfespan. The Ruth Pewtress fabric legacy received in 2020 now provides more than enough reserves to cover emergency repairs lo the church building," it is too large lo be kept in an institution covered by the FSCS, so is invested in funds managed by CCLA (Churches. Charities and Local Aulhorities)- The PCC operates Safeguarding and Saler Recruiting Policies that are reviewed annually The PCC is complying wrth the 2018 General Data Protection Regulations.. we have updated our office database to enable more effi'cient and attractive communications with church members, in a way that is fully compliant with GDPR. In July 2019. following Charity Commission and Church of England advice to all parishes, the PCC delegated to the diocese the responsibility lo report to the Charty Commission any seTiOUS incident involving Safeguarding. Safeguarding issues, Health & Safety. Disability and Data Protsction are on the agenda of every PCC meeting. The Annual Report was approved by the PCC on 13 March 2023 and signed on their behalf by.. Signed Rev Andrew Wadsworth (Chairman) /Ndi,. page 6
PCC of All Saints Church. Trull Inde ndent Examinerfs Re to the TTUStees of the Panxhlal Church Council of All Saints Church Trull I report to the members of the PCC on my examinalmm of the accounts of the Parochial Church Council of All Sts, TNII for the year endeil 31 Decemb8r2022. nsibllllkns and Basis of Re As the members of Ihe Parochial Church Council of All Saints Churth, TTulL you are reswnstle for th8 pieparation of the acujunts in accordance with the requirements of the Charities Act 20111'the ACVI. I report in respect of my examination of the chartys accounts o3¥rd out under section 145 of the 2011 Act and in carying out my examinats.on I have fouowed all the aPplble Directt(ms gtven by the Chanty CommissKJn under section 145(51{bl of the Art Ind8 dént Examinees Statement Since the charity'$ gross Income exceeded £250,000 your examiner must a member of a b(xly listed in section 145 of the 2011 Act I confirm that l am qual[ lo undertake the examination because l am a member of the Institute of Chartered Kountants in England and Wares. whKh is one of the Ibted bodies. I have compwd my examinatson. I confirm that no material matters have c(¥ne to my attenlion in conrtection with the exomtnation giving me cause to befve that in any material resp 111 accounting records were not kept in respect of Charity as requed ty section 130 ofthe A¢ or {2} the accounts do not accord wilh these rerts; or {3} the accoun15 do not compiy with the appluble requirements conwning the foTm and content of accounts set out in the Charities {Accounts and Rep)rts} Regulations 2008 other than any requirement that the accounts give a 'true and fair vw/ which ts [t a matter considetEd part of an independant examiftation. I have no eon¢ems and have come across no other matters in connection wth the examination to which attention should be drawn Èn this report in (Kder to enable a proper urMIerStarlng of the accounts to be reached. data. 2s Pp)1 Sarah Twist FCA DChA Chartered Account8nt Acmole staffotd House Btackbrook Park AvenuB Taunton TA12PX page 7
PCC of All Saints Church, Trull Statement of Financial Activities for the Year Ended 31 December 2022 Total Funds 2022 Total Funds 2021 Unfestn'cted Reslricled Endowment Funds Funds Funds Notes Income from: Donations and Legacies Other Trading Activities Investments 197.026 20,337 217,363 247,337 18,576 347 18,576 14,907 7,243 7,590 378 Charitable Activtbes 69,371 69,371 6,663 56,062 3,273 other Income 4,710 1,953 Total Income 290,030 29,533 319,563 321,897 Expenditure on: Raising Funds Charitable Activities 319,416 334 32,315 1,200 352,931 328.843 other ExFenditure 114 448 300 Total Expenditure 319,750 32,429 1,200 353.379 329,143 Net IncomellExpenditure) Movement between Funds 129.720) 12,8961 11,200} {33,8161 17,246} Net Movement in Funds 129,720} 12,8961 11,200} (33,8161 17,2461 Reeonclllation of Funds: Total Funds Brought Forward 15 197,417 1,661,360 7,100 1,865,877 1,873.123 Total Funds Carrled Forward 15 167,697 1,658,464 5,900 1,832,061 1,865,877 The notes on pages 10 to 19 fomi part of the financial statements. A Statement ofFinanthalActivities for the prevAOUS year diwded belween Funds is included at Note 18 on p. 18. page 8
PCC of All Saints Church, Trull Balance Sheet as at 31 December 2022 Notes 2022 2021 Fixed assets Tangible assets 1,045,865 1,049,474 1,045,865 1,049,414 Current assets Debtors Cash and cash equivalents 12 37.344 754,755 792,099 70,440 753.005 823.445 Current Liabilities Creditors- due within 1 year 13 5.903 7,042 Net current assets 786,196 816.403 Totsl Assets less Cuffent Llabilities 1,832,061 1,865.8TT Net assets 1,832,061 1,865,877 Funds Unrestricted funds Restricted funds Endowment fvnds 15 15 15 167,697 1,658,464 5.900 197,417 1,661,360 7.100 Total funds 1,832,(K1 1,865.877 The financial statements were approved by the PCC on 13 March 2023 and were signed on its behalf by: Rev Andrew Wadsworth (Chairman) The notes on pages 10 to 19 fomi part ofthe financial statements. page 9
PCC of All Saints Church, Trull Notes to the Financial Statements for the Year Ended 31 December 2022 Accounting Policies The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value and subsequently afflorb"8ed cost. The financial statements have been prepared in accordance wth the Statement of Recommended Practice Accountsng and Reporting by Chanties preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 issued October 2079, the Financial Reporting Standard applicable ir the United Kingdom {FRS 1021, 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 uncertainbes about the Charity's ability to continue as a going c(Incem. {il Funds unresth.cted funds represent the funds of the PCC that are not subject to any restrict.on regarding their use and are available for application to the general purposes of the PCC. These include fvjnds designated for a parbcular purpose by the PCC. Restricted funds are ftjnds 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, foi church 11ower5 and the churchyard. In 2016 the PCC took measures in accordance wilh Charity Commission published advice to release the capital of these endowments so that the purpose of the funds can be achieved more effectively. lill Tanglble Flxed Assets Tangible fixed assets are included at cost less depreciation. Depreciation of items such as electhcal equipment is calculated at approximately 200A of cost, which is considered suffi'cient to write off the assets over their useful economic lives. Depteciation of items such as fumilure and non-electrical equipment in the Community Centre is Calculated at 10¥0 of cost. No depreciion is being applied to the building itself but the PCC is exploring the likely cost and liming of future maintenance and repairs, and is setting aside some funds for this purFX)se. Moveable Chijrch furnishing5 held by the Churchwardens as 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 101281 of the chareS Act 2011. liiil Recognition of Income and Expenditure Income is recognised when cash is received or when ils receipt 15 considered certain_ Expendrture is recognised when payment is made or when a liability has been incurred rf earlier. Liabilities are recognised as expenditure as soon as there is a tegal or constructive obligation committing the charity to that expendrture, it is probable Ihat settlement 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 governance costs are alICated or apportioned to the applicable expenditure headings. (iv) Legacies Income from legacies is cred¢ted to the relevant fund in the year in which it is received, or where there is sufficient evidence that the legacy wll be received. If not otherwise specified by the testator, IaCleS are nom)alty credited direct to the General Fund. Iv) lirecoverable VAT lffecoverable VAT is chargeil against the expenditure heading for which it was incurred. Ivil Expenditure on Charitable Activitles Costs of charitable 8ctivrties include donations, parish share, upkeep of the church, support costs and governan costs.. see page 13 ft)r details. These costs include costs related to independent examination. page 10
PCC of All Saints Church, Trull Notes to the Financial Statoments for tho Year Ended 31 December 2022 ',Viil Key JudgeTnents and Estimation Untèrtainty The preparation of the )Inancial statements requires mangement to make judgements. estimates and assumptions that affect the application of wlicies and reported amounts of assets and laibilities, income and expenses. Ests'males and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events. that are believed to be reasonable under the circumstances. The iesulb.ng accoun*"ng estimates will, by definition, seldom equal the related actual results. Estimate of legacy inix)me." in 2020 a debtor of £30,000 was recognized in respect of the remainder of a legacy payable to the PCC. The accounts of the relevant estate were finalised in December 2022. The balan received was £34,196. The extra £4,196 above estimate is included in income from legacies for 2022. viii) Expgnditurg on Raising Funds The expenditrjre on raising funds consists of costs associated with administering donations and fundraising events. lixl Financial Instruments The Church only has financial assets and liabilities that qualify as basic financial instruments and are therefore recognised at transacb.on price and subsequently 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 liquid investments with a short maturity of three months or less from the dale 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 December 2022 Unrestricted 2022 Restricted Endowment 2022 2022 Total 2022 Total 2021 Donations and Legacies Planned Gniing and FWO Gifts Tax Reclaimable on Planned Giving Giving via CAF etc Collections for Church Funds Other Gifts for Church Funds Gifts for Mission Support Tax Reclaimable on Mission Giving Legacies & Gifts In Memory TCCCIHall Development Gifts Rectory Fund Gifts 150,087 35,195 7,129 214 903 400 150,487 35,195 7,129 214 903 12.371 2,670 7,694 t67.429 37.016 8.988 206 1,417 12,681 2, 701 16,745 t04 50 12,371 2,670 4.196 3,498 700 700 197,026 20,337 217,363 247,337 Other Trading Activities TCCC Hire 18,576 18,576 14,907 Investments Interest 347 7,243 7,590 378 347 7,243 7,590 378 Charitable Activities Fees Magazine Youth & Children Outreach Bookstall TCCC Café Other (incl TCCC everklsl 9,012 9,022 2,252 545 218 47,009 1,313 9,012 9,022 2,252 545 218 47,009 1,313 8.547 9,081 2,154 384 35,896 69,377 69,371 56,062 other Income Grants- general ' Office Income Other (Churchyard. Archives) 3,996 624 90 1,953 5,949 624 2,623 590 4,710 1,953 6,663 3.213 . Grants in 2022 from." Parish Lands (as 2021), Listed Places of Worship VA T reclaim, Church of England energy oosts support. page 12
PCC of All Saints Church. Trull Notss to the Financial Statements for the Year Ended 31 Dewnber 2022 Unrestricted Restrt"cted Endowment 2022 2022 2022 Total 2022 Total 2021 Expenditure on Raising Funds Planned GNing Envelopes Charitable Activities Parish Share Rectorfs Expenses Curate & Placement Expenses Fees Youth-worker Children & Families Worker Office Staff Office Costs Magazine Youth & Children Outreach other Events & Teams Mission SupportlExpenses Edltcation - Course5 and Resources Bookstall Worship Communications & Archives Church Repairs & Improvements Church Insurance & Utilits'es Churchyard & Car Park TCCC - Staff TCCC - Cleaning Contract (2020-21) TCCC ~ Operation TCCC - Events TCCC - Café Depreciation - general equipment Depreciation - TCCC fumiture & eqpt Depreciats"on - TCCC Café equipment Los5 on Di5P05al (TCCC equipment) Independent Exam (extra 2020 in 2021) othe PCC Expenses 126.125 2,680 2,706 5,988 24,766 26,475 25,186 6,190 9,306 5,612 1,746 508 30 138 188 1,922 274 1,087 3,515 4,328 18,179 126,125 2,680 2,706 5,988 24,766 26,475 25,186 6,190 9,306 5,612 1,746 508 16.150 138 188 2,181 274 13,032 3,515 5.375 18,179 126,125 1,684 1,831 4,308 14,469 26.696 24.056 6,115 8,193 3,923 455 320 76,030 428 437 4,169 299 16,628 2, 882 4, 693 15,542 1,924 21,294 16,120 59 200 11,945 47 1,000 25,977 1,060 22,385 905 160 629 1,420 27,397 1,060 22,385 905 2,338 1,175 19,812 950 2,202 1. 146 400 1,530 302 2,178 546 1,260 91 1,260 91 319,416 32,315 1.200 352,931 328,843 other Expenditure Rectory Fund Bank Charges 114 114 334 448 281 19 300 334 334 114 page 13
PCC of All Saints Church, Trull Notes to the Financial Statements for the Year Ended 31 December 2022 10. Staff Costs 2022 2021 Gross Salaries Statutory Maternity Pay reclaimed (2021) EmpSoyerfs National Insurance (EmplOymentAllowan £5,000 2022-3, £4,000 2021-22) Pension costs Redundancy 88.992 78,714 (4, 141) 1,379 3,279 3,294 93,112 79,246 The number of employees for the first half of 2022 was 6 (the same as in 2021).. 2 were full-lime," the 2 office- staff and the 2 employees for the TCCC were part-time. The administrator posts were combined in the summer", the youth-worker left in November and was not replaced. At the end of 2022 the number of employees was 4.. 2 fv11-time lehildrenlfamilies worker and admini5ttatorl and 2 part-time employees in the TCCC. 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 Ouf employees have been enrolled in a pension scheme with NEST. fvlfilling our obligattons under pension regulatlolls. The PCC has chosen to match employee contributions to the pension scheme and to pay any required annual increase in the rate of contribution from January, rather than April, of each year. There are no employees with emolumenls exedIng £60,000. {2021 - nill. The key management personnel are the Incumbent and members of the PCC. sin January 2021 there has no longer been any temuneration paid to members of the PCC. 11. Tangible Fixed Assets TCCC Building TCCC Equipment Other Equipment Totsl Cost At 1 January 2022 Additions 1,036,837 59,590 809 9,532 1.105,959 809 Disposals At 31 December 2022 1,036,837 60,399 9,532 1,106,768 De reciation At 1 January 2022 Charge for the Year Eliminated on Disposal At 31 Decembei 2022 50,387 3,513 6,098 905 56.485 4,418 53.900 7,003 60,903 Net Book Value at 31 December 2022 1,036,837 6,499 2,529 1.045,865 Net Book Value at 31 December 2021 1,036,837 9,203 3,434 1,049,474 The TCCC building fixed asset refers to the costs of this project from design tt) completion in October 2014, including archilecys & other design consultants, fees, and planning & sutvey fee5, as well as the building contractor. No depreciation is applied to the building. Fumiture and non*lectrical equipment are depreciated at 10 10 p.a. and electrical equipment al 20% p_a. page 14
PCC of All Saints Church. Trull Notes to the Financial Statements for the Year Ended 31 December 2022 2022 2021 12. Dèbtors Tax Refund due on Planned Giving Jan-Dec Tax Refund due on Mission Fund Giving Jan-oec Other Prepayments & ACcrl1 Income Legacy- In 2021 Debtors continued to InGlude an estimate ofthe remainder of Ruth Pewtresss 2019 legacy that was still to be paid. The administration of her estate was completed in November2022 and the remainderofthe legaGy was P8id. This balance was £4, 196 MO than the £30,000 estimate. 33,549 2.650 1,145 37.000 2,700 740 30,000 37,344 70,440 13. CreditOf5- due within 1 year Credrtors for goods and serVIS 5.903 7.042 5,903 7,042 14. Independenl Examinefs Remuneration 2022 2021 Independent Examinerfs Fee. In 2021 this included some extra forthe 2020 accounts to deal with a large 1ggacy_ 1.260 1,530 page 15
PCC of All Saints Church, Trull Notes to the Financial Statements for the Year Ended 31 December 2022 15. Statement of Fund5 Balance Blhvd Balance Cd 31112122 Investment Gains 01101122 Income Expenditure Transfers Unrestrtcted Funds 197,417 290,030 319,750 167,697 Restricted Funds Bells Fabri GRichards: Churchyard GRichards'. Flowers Hall Development Mission Support Organ Rectory Ruth Pewlress Fabric Trull Aid Total Reslricled Funds 128 4.365 47 54 74 4.365 47 1,041.567 6,569 2,000 807 605.483 389 1.661,360 400 15,041 4,144 16,120 1,037,823 5,490 2,000 1,393 606,930 389 1,658,464 700 114 11,945 13,392 29,533 32,429 Endowment F(Jnds GRichards.' Churchyard GRichards.' Flowers Total Endowment Funds 1,000 6,100 7,100 1,000 200 1,200 5,900 5,900 Totsl Funds 1,865,877 319,563 353,379 1,832,061 Unrestricted Funds are for the general purposes of the church. This includes money from several legacies and gtRs in memory that are not legally reslricled to a particular purpose. However, the PCC wishes such monies to be used it7 ways that are appropriate to each person being commemorated. So, these amounts are labelled on the Treasurerfs computer accounts program, to keep track of how they are spent., details for 2022 may be seen in the Annual Report. The largest Restrieted Fund in cash is the Ruth Pewtress Fabric Fund that represents her legacy of £634,000 Yor the fabric of the huilding of All Saints Parish Church only.. other Restricted Fund5 include the Bells Fund for the maintenance of the church bells. Money in the Fabrlc Fund has been given for repairs to the church building, organ and churchyard lamp_ A more specific gift has been allocated to the Oryan Fund. The GRichards: ChurchyardlFlowers Funds include the income generated on the related Endowment Funds. These funds are to be used re5pecbvely for maintaining the churchyard I flowers in the church. The TCCCIHall Development Fund comes from money given towards the project to build the Trull Church Community Centre. The money Row received has covered the fvll cost of construction. Some further income is being Ltsed to improve the building. Mission Support represents money given specrfieally to support Mission outside the parish. From April 2009 this illcludes all the money given via the Trull Church Mission Fund bank account and any tax reclaimed on those gifts. From time to tsme the PCC, through its Mission Tearn, makes gifts from this fund to missions and charities supported by the church. The Reclory Fund represents money given to defray expenses in the Rectory. The Trull Aid Fund was set up in November 2009 ft)r money to help people ill the parish or in the congregation who are in financial difficulty. Grants are made at the Reclovs discretion but the signatures of the Treasurer and a Churchwarden are needed on any cheque. page 16
PCC of All Saints Church, Trull Notss to the Financial Statements for the Year Ended 31 December 2022 The Youth-work Fund contained designated fund5 from a legary from Margaret SutcliFte. All of this money has now been spent. The two Endowment Funds come from legacies of £7.000 each from the late Gwen Rlchards.. one lor church flowers and one for the MaintenaTr of the chuhyard. In 2016 the PCC took measures in accordance with Chanty Commission published advice lo 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 3111212022 Total Unrestricted Funds Restricted Funds Endowment Funds 8,042 1,037,823 159,655 620,641 5,900 167,697 1.658,464 5.900 1,045,865 786,196 1,832,061 For comparison. this is last yearfs Analysis ofNet Assets behveen Funds- for 2021. Tangible Fixed Nel Cuent Creditors Due Assets Assets atter 7 year 31/12/2021 Total Unrestricted Funds 8,927 1,040,547 188,490 620,813 7,100 197.417 1,661,360 7,100 Restricted Funds Endowment Funds 1.049,474 816,403 1,865,877 17. Related Party Transactlons Reimbur3ement of expenses properly incurred on behalf of the PCC dLtring the year amounted lo £361 in tolal. The following payment has been made to the wife of a PCC member." £2,720 to Fran Pym, one of the Hive Cafe volunteer managers, for baking cakes lat costl, shopping and monthly expenses., this is the same arrangement as for all Hive managers, established six years before Rob Pym joined the PCC. Some regular subscriptions for online services have to be paid by card,. these were arranged by staff who have now left. Until the PCC has rts own bank card, the Treasurer has been using his personal card, reimbursed by PCC cheque., in 2022 £401 was repaid lo David Sharpe for this purpose. Since January 2021 no Trustees have been employed by the Charity. The Youlh-worker (until Nov 2022), Children & Families Wotker and TCCC Manager are in attendance al PCC lo contribute to discussion of items related lo their work and sometimes to comment on wider issues. They have no voting rights and withdraw from any discussion about their employment terms and remuneration. AII PCC members are invited to declare any potenb'al collflicts of interest at the beginning of each meeting. If necessary. they withdraw from the meeting for any such rtems on the agenda. page 17
PCC of All Saints Church, Trull Notes to the Financial Ststements for the Year Ended 31 December 2022 18. Statement of Financlal Activities for the Year Ended 31 December 2021 For comparative purposes the Statement of Financial Activities for the previous year is included here. Tota Funds 2021 Total Funds 2020 Unrestrided Restricted Funds Endowmen* Funds Funds Income from: Donations and Legacies other Trading Activities Investments Charitable Activities Other Income 231,801 14,907 91 56,062 3,213 15,536 247,337 14,907 378 56,062 3.213 865,271 13,650 761 27,257 3,642 287 Total Income 3,074 15,823 321.897 910,581 Expenditure on: Raising Funds Charitable Activities Other Expenditure 65 303,835 178 293,874 19 33,869 281 1,100 328,843 300 Total Expenditure 293,893 34,150 1,100 329,143 304.078 Net Incomel{Expenditure} Movement btheen Funds Net Movement in Funds 12,181 {943) 11,238 118,3271 943 117,384} (1,1001 {7,2461 606,503 11,100) 17,2461 606, 503 Reconciliation of Funds: Total Funds Brought Forward 186,179 1,678.744 8,200 1,873.123 1,266,620 Total Funds Carried Forward 197,417 1,661,360 7.100 1,865,877 1,873.123 page 18
PCC of All Saints Church, Trull Notes to the Financial Statements for the Year Ended 31 December 2022 19. Prior Year Statement of Funds (2021) For comparative purposes the Statement of Funds for Ihe previous year is included here. Statement of F4tnds Balance Blfwd 01101121 Balance Cld Investment Income Expenditure TTansfers Gains 31112121 Unrestricted Funds 186,179 306,074 293,893 {943) 197,417 Restricted Funds Bells Fabric GRichards." Churchyard GRichards'. Flowers Hall Development Mission Support Organ Rectory Ruth Pewtress Fabric Trull Aid Total Restricted Funds 128 4,365 47 128 4,365 47 75 1.044,251 5,274 2,000 1.038 621,113 453 1,678,744 70 2,788 15,030 1.041,567 6,569 2,000 807 605,483 389 1,661,360 15,382 50 287 281 15,917 15,823 34.150 943 Endowmenl 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 page 19