The Parochial Church Council of All Saints Church, Trull Annual Report and Financial Statements for the year ended 31 December 2023 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 Website: www.trullchurch.org.uk Bank.. HSBC Bank plc 17 North Street, Taunton TA1 1NA PCC All Saints Trull is a Registered Chan"ty 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 ended 31 December 2023 Background All Saints Trull PCC has the SponsIbl11ty of eoperatIng with the incumbent in promoting in the e¢clesiastical parish the whole mission of the church.. pastor21, evangelistic, social and ecumenical. Membership Members of the PCC are either ex officio or elected by the Annual Par(Khial Church Meeting in accordance with the Church Representation Rules. The PCC also has the power to cwpt members as vacancies arise. During the year the following served as members of the PCC.. Incumbent Rev Andrew Wadsworth Chaim)an Curates Rev Imogen Ball Rev Jonathan Ball Mr David Sharpe Mr5 Jane Martin-scott Mrs Liz Willis Reader Churchwardens Treasurer, Vice-chair Represenlalives on the Deanery Synod Mr David Taylor Mr Andrew Dunningham Mr David Sharpe Mr Matt Slade Secretary from April from Apiyl from Apnl Elected Members Mrs Yvonne Allen Mr Paul Bailey Mrs Anne Bird Mrs Tracey Khodabandehloo Mrs Julia McFaul Mrs Liz Organ Dr Lauren Pallanl Mr Robert Pym Dr Marie Simmonds Mr Matt Slade Mrs Averil Taylor Mrs Kale Vestey fmm Apnl until Apnl from Apiil from Apiil. Parish Safeguarding offir untAI April from April until April from Apnl Committees The Standing Committee (Chaimian, Churchwardens, Secretary, Treasurer), which is a legal requirement, has the powers to transact the business of the PCC between meetings, subject to direcbons given by the Council. For some areas of church life, the PCC operates through teams {e.g. Buildings. Missionl that meet betweeni and report to, full meetings page I
PCC of All Saints Church, Trull Annual Report for the year ended 31 December 2023 (continued) 2023 was the first full year since the COVID-19 pandemic when it has not restricted the efforts of the PCC to fulfil its charttable objectives of providing regular public worship open to all, promoting and teaching the Christian faith, and offering activities and support to all ages in the community. All church facilities have been open and activities have been able lo operate normally. There are fewer people attending some setvices and activities than before the pandemic and this has led to some changes and to some financial challenges. Revd Andy Wadsworth completed his fifth year as Rector in September. He has continued his clear Bible preaching on John's Gospel, Ruth and Jonah, as well as Habits of Healthy Church Living, the Ten Commandments and seasonal topics. Whilst the Church of England has been exploring a range of views, he has upheld the traditional Biblical teaching about Tnarriage and human sexuality. He has encouraged the church to look beyond its own concems and reach out to those who have not yet encounlered the message of Jesus. Our curates Revd Imogen and Revd Jonathan Ball, and their son Bamey, are now in the third year of their joint curacy, with Katie Wadsworth joining Andy in supervising their curacy. The congregations have appreciated the variety in their approaches to preaching and to leading worship, as well as their contribution to a range of activities both within and beyond Ihe parish. Imogen has run a dayts'me Alpha Course and Jon ha5 taken the lead in plans to develop a worshipping community in the new housing estate of Orchard Grove between Wellington Road and Trull. Church Attendance and Membershi There were 243 names (including 29 new names} on the Electoral Roll at the annual meeting in April 2023, compared with 253 in April 2022 and 269 in 2021. In 2023 the average weekSy attendance at All Saints Trull was 140 adults and 20 children, with a few more people watching live-streamed services or receivin9 paper copies,. this compares with 115 adults and 20 children in 2022, 100 adults and 20 children in 2021, 170 adutts and 30 children before the pandemic. The figure for "Church Membership" used by the di0Se for calculating the Parish Share that we contribute to the Common Fund that pays for clergy costs and otheF diocesan expendtture is calculated in yet another way." anyone over 18, apart from visitors, who attends a service during October, or would have done so but for illness, is counted. Newcomers are not always Inclkjded in their first yeai. The annual suNey of church attendance in Oct 2023 produced a regular attendance figure (including newcomers, who might not yet see themselves as 'members'l of 2091204 in person and 5 at home, watching the livestream or with a paper copy of the service)", this compares with 199 for in-person and online seTvices in Oct 2022 and 182 in 2021,. pre-pandemic figures for attendances at a full range of services were 240. Review of the Year's Activities During 2023 the PCC had 6 regular meetings with an average attendance of 80%. As well as responding to changes in congregations and acb"vitses, they have been looking ahead to the opportunities of the Orchard Grove housing development in the ecclesiastical parish and pursuing plans for improvements to the church building, including better lighting, moFe efficient heating and an acssible WC. In April the PCC approved a letteF lo the Bishops supporting the Re¢to¢s decision to write a Pastoral Letter to members of All Saints congregations expressing his concern at the decisions of General Synod cor¢cerning same sex blessings. The PCC spent a moming together in June looking at ideas for inler-generalional worship and how these might influence our Ten30 services. Libby CuthbertSOD has continEJed as Children & Families Worker, focussing on under-11's and their parents and carers. She is joined by a large team of volunteers (all DBS-checked} to run groups for children on Sundays, Launchpad for 8-11's on Wednesdays, and Angels Itoddlers} on Thursdays_ She offers resources lo Trull School.. assemblies, incuding Open the Book, and a Spirituality Through Play week. As part of her annual review, Libby's job descriptiors has been revised and her role redefined as Children and Families Coordinator and Youth Overseer. Teams of volunteers are taking responsibility for Watchers111-14's on Sunday eveningsl and Pulse for 14-16's on Friday evenings. Some young people went to the Spree Weekend for 8-17's in June and to the Sparkford Venture for 14-18's in August, along with volunteer leaders from the church. We are explorin9 the possibility of a work-experience placemersl for a young person interested in training for youthwork but we do not know whether we would be able to pay the costs of such a scheme", we can no longer afford to employ a full-time youthwofker, as well as a Children & Families Worker, as we did until 2022. Julia McFaul is the Parish Safeguarding Officer. The PCC agreed an updated Safeguarding and Safe Recruiting Policy in November 2023. Rob Pyrn succeeded Diana Scholes as PCC lead for Disability and for Health & Safety. Compliance with GDPR (General Data Protection Regulatsons) is overseen by Martin Sumpter. Jane Martin-scott and Liz Willls have continued as churchwardens, supported by several service-stewards. David Taylor has continued as PCC Secrelary. David Sharpe is still Vice-chair. Treasurer and a Reader_ page 2
PCC of All Saints Church, Trull Annual Report for the year ended 31 December 2023 (continued) We have a wide range of Sunday services.. at 8am there is traditional BCP Communion or Morning Prayer., the Moming Service at 10.30arn 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 time as a Common Worship service with organ and choir in church,. at 5.30pm there is the Five30 Servi of contemporary worship in the TCCC. All these ServIS rely on volunteer musicians, c¢>ordinated by Audrey Eley and Hugh Taunton, and on those who operate the soundsyslem and ITVe. streaming. We are grateful lo Matt Slade, Ryszard Rusinek and David Crane who worked with API Sound and Visual to instal a new sound system in 2023, as well as lo those who made donations towards this project. Jennie Rusinek and Sally Silsby have continued to lead serViS 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. Laurence Pallant and lan Smith have been explorillg ministry. Our worship and activities are upheld by prayer.. Powert70use, the church prayer-meeting, is held monthly,. there is also corporate prayer online to start the week, and also for the work amongst young people and ft)r the men's ministy The Parish Links are an important part of pastoral care in the parish, maintaining contact wlh those who live in the village and letting clergy know of people in need of a visit,. they also distribute the magazine. Martin Sumpter o-ordir¢ates pastoral care,. some members of the church are licensed by the Bishop as pastoral visitors. Coffee Connect, co-ordinated by Julia Moryan on the first Tuesday of each month, has been increasingly popular with retired people, especially since there is now a Communion service in church immediately beforehand. The Trull Church Community Centre has now been open for over 9 years and continues to meet the needs of both the church and the communty. All our youth and children's work takes place in the Centre, including the Sunday groups, and after-school activities for dtfferent age-groups. Odette Lawton is now in her second year as Church Administrator", she has learned our Trames and our ways very quickly. With Andy Dunningham (Centre Manager) also having a desk there, the ofFice is a welcoming place to find out what is going on, as well as supporting the Rector, Curates and Children & Families Worker in their offiS elsewhere in the same building. The TCCC has been hired by more new groups. Trull Saplings Preschool continues lo 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 successful year., we are very grateful to Val Cousins, Fran Pym and Dot Mackay, the three volunteer managers, and over 50 well-trailled volunteers, now coordinated by Ruth Buller, 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 lo the njnning costs of the Centre. Marcus Kavanagh continues to keep the Centre clean each day. The Parish Archives supported by both the church and the parish council are stored upstairs. Our Police Community Support offirS hold their 'surgery' from time lo time in the Centre., we have also hosted groups that support people with different medical conditions. In all these ways. the Centre is helpin9 US to fulfil one of our main aims, that of caring for people of all ages in our community. Events to communicate the Christian faith lo a wider audience have included a daytime Alpha Course run by Rev Imogen Ball., also men's breakfasts and women's breakfasts with both local and visitng speakers. More houses have been built on the Orchard Grove development in our parish between the Wellington Road and Trull village_ Some church Fnembers have bought houses on the estate and have started a midweek group there. Information is being given to new residents a1ut serVIS and activities offered by the church. Carol singing in the open air al Christmas 2023 attracted a good crowd. Plans are being made to develop a regular worshipping community in Orchard Grove and important decisions will be made in 2024. The Mission Team oversees links with mission partners and giving for mission. In total over £18,000 was sent to mission and charities in 2023. Of Ihis total, £2,000 was sent directly from collections - details are attached to the church accounts but they are separate from church income and expendrture. sin 2009 church members have made financial pledges to the Trull Church Mission Fund. In 2023, £10,700 was given in this way {with £2,700 tax reclaimed for 2022 in addition)., cheqtjes and standing-orders from the fund totalling £14,000 were sent to the following missions. Crosslinks for the de Roemers in Belgium, UFM for Heidi and Bosco Bukeera church-ptanling in Uganda, and more locally.. Taunton Team Chaplaincy, Taunton Youth for Christ, Besom in Taunton and Open Door", the last were also supported from offerings al services over the Christmas period, as was Taunton Foodb8nk. Support was also given to chutch members for short-term projects overseas.. James Vestey to Ecuador with Latin Link and Megan Jones-Dellaportas to Kenya with Awaken Love for Africa. The church and the TCCC have continued to be collection-points ftir the Taunton Foodbank. There are about 15 growth-groups meeting during the week in people's homes, for mutual prayer and encouragement, as well as l(x)king at the Bible together. Anne Bird and David Taylor oversee this programme. page 3
PCC of All Saints Church, Trull Annual Report for the year ended 31 December 2023 (continued) The church plays a central role in village life. Close links have continued with Trull CofE VA Primary School. Veronica Ferdinando is School Chaplain", the Children & Families Worker and the Rector take regular and seasonal assemblies. Libby also Organized a Spirituality through Play day at the school in the summer term. Services have been held lo mark important momellts in nationa life, including the Coronation of King Charles 111 and Remembrance Sunday, in which local uniformed organy11onS have taken part. The Community Centre continues to strengthen our links with many village organizations. The parish magazine includes a range of communty news and is delivered to a majority of the homes in Trull. The website www.twllGhurch.org.uk has been revamped to make rt more attractive and simpler to use,. an increasing range of church information about church activities can now be found there. We are grateful to Laurence Pallant and all those who have spent so much time on the new website. All Saints Trull is part of a joint benefice, sharing the Rector with St Michael and All Angels, Angersleigh. Some membets of the Angersleigh congregation come to Trull on the Sundays when they have no seNice of their own. All Saints Trull is in the Taunton Deanery., Deanery minister5 rneel to pray, share news and support one another. There are 4 lay representatives from Trull at the Deanery Synod which meets four times a year. There are informal links to the 81 fellowship of Taunton church leaders. Three members of the church are involved with Taunton Street Pastors al weekends. Six members of the church are involved in the Taunton Team Chaplaincy for workplaces and now also the courts, on behalf of the churches in Taunton. Other volunteers have joined in ptojects such as delivering supplies to people in need through the Besom in Taunton. Financial Revlew We are grateful for those who continue to give so faithfully to the work of the church. Regular giving rose by 6Q during the year. Expenditure was as expected in the budget for 2023. Income from TCCC hire and the HThie Café increased yet again. So, we had a small SUTplus of £3,000 in regular income over routine expenditure in 2023. We did not need lo draw on our reserves, which we had expected lo do. No legacies were received in 2023 but there were generous grfts to cover the cost of replacing the sound-system and for setting up a Garden of Remembrance. Most giving is through the Planned Giving scheme adminstered by Imogen Taylor. She has made sure that we receive all the Gift Aid to which we are entitled, as well as linking us lo the Gift Aid for Small Donations Scheme. She has obtained a card machine for contactless gDiing, which was particularly useful for donations to Ioc31 charrties at Christmas. New material to encourage giving was introuduced in the spring. In 2020 we received a wonderful legacy of £630,000 from Ruth Pewtress 'for the fabric of the building of All Saints Parish chUh only,. This will pay for building repairs for years to come. The repairs recommended by the architect, Michael Vaughan, in his latest Quinquennial Report were completed in Dember 2023. Using this legacy, we are also pursuing plans to renew the lighting, to replace the old boilers with more efficient ones, and to install an accessible WC. Robert Pym. Peter Chew and the architect have arranged initial SUeyS and sent some reports to the PCC. A contract was signed with Taylors of Loughborough to repair the supports for the bells and lo rehang them - bul at the last minute it was discovered that the possible impact on bats had not been assessed, so the project was delayed. Meanwhile Alan Sawyer and the bellringers have made the most of opportunities to continue ringing. A Garden of Remembrance was prepared in the churchyard, including repairs to the wall- this will provide space to inter ashes for several years," a generous donation covered the cost. Looking ahead into 2024, the diocese is asking for 100/9 more Parish Share Iwth Benefice Ministy Allowancel.. this is the first time for 4 years that decline in congregations has been taken into account. As our numbers have not gone down as much as most churches. our share continues to increase. The present way of calculating Parish Share is not working. as more parishes fail to pay their allocated amount the diocese has proposed changes to make it work better in the future. We are looking at a possible shortfall of aboLSt £26,000 over 2024". planned routine expenditure is £294,000, whilst income would be £268,000 if giving continues al the same level as at the end of 2023. In January 2024 we had over £25,000 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 2024 but we cannot sustain this level of activity in future years unless planned regular giving increases. We musl also bear in mind that much of the cost of running the TCCC has been mel from hiring out to organEations that have their own financial challenges, and from profits from the Hive Cafe, which is completely dependent on the availabilty of volunteers. Funds and Reserves Total Income for 2023 was £396,237 (2022.. £319,563) of which £64,794 (2022.. £29,533) was Restricted. Total Expenditure in 2023 was £463,015 (2022.. £353,379) of which £153,192 (2022.. £32,429) was Restricted and £200 (2022." £1.2(k)) from Endowment. So there was a Deficit of £66,778 in 2023 {2022." £33,816). Thi5 was due to the cost of repairs and plans for the church building that were paid from the Ruth Pewtress Fabric Fund. page 4
PCC of All Saints Church. Trull Annual Report for the year ended 31 December 2023 (continued) Total Funds at the end of 2023 were £1.765.283 (2022. £1,832,061) of which £1,570,066 (2022. £1,658,464) was in Restricted Funds Imosvy the value of the TCCC and its equipment and the remaining £518,774 of Ruth Pewtress's Fabric legacy), £5,700 (2022." £5,gOOJ was in Endowment Funds (see below l and £189,517 (2022.. £167,697) was Unrestricted. Of these Unre5tsicted Funds £15,912 (2022." £8,042) are held as fixed assels,and £37,000 is allocated for replacing equipment & medium-temi repairs to the TCCC. Included in our Unrestricted Reserves a sums of money from legacies-, some recent gifts have been set aside for fabric & organ repair5 (around £7,000}. The Lily Fund, with a balance of over £1,000, is lo help young people take part in Christian courses & activities. Thi5 leaves over £75,000 unrestricted and unallocated free tesetves readily available in the bank. So the PCC met ils target of keeping financial reserves in unrestricted funds equal lo o months, regular expenditure1£50,0001. In addition to this prudent reserve, over £25,000 trom previous years is available to Cover the possible shortfall of this amount beeen income and expenditure in 2024. The main Restricted Funds are the Hall Development Fund {used to build the Trull Church Communty Centrel and the Ruth PewtTess 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 Organ Fund for the church building and organ., the Trull Aid Fund, given lo help members of the parish or congregation in need. al the discretion of the Rector. but also invofving the Treasurer and a Churchwarden. Other Restrtded Funds-. Bells Fund, for maintenance of the bells,. the Rectory Fund for defraying some of the expenses of the rectory.. the Archive5 Fund for developing the Archives of the Parish,. Women's Events. In 2010 the church received a legacy from the e5tale of Miss Gwen Richards. There were kn endowments, each of £7,000.. one towards the maintenance of the churchyard (all of which has now been spent) and one for church flowers.. In 2016 the PCC took measures in accordance wth Charity Commission published advice to release the capital of these endowments. Charitable Status: Aims & Ob"ectives 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 15 1130899. As for all PCC charities there is no separate Governing Document", the PCC is subject to the PartKhial Church Council Powers Measure119561 as amended and to the Church Representation Rules. When registering as 8 charity the PCC declared its Aims and Objectives to be pmn701ing in the ecclesiastical parish the whole mission of the church, including the following activities conducted under the authority of the Church of England forthe benefft of the public.. regular pijblic worship open to all - the provision of sacred space for personal prayer and contemplation pastoral work, including visiting the sick and bereaved teaching of Christianity through 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 Tnjstees IPCCI confirm that they have referred lo the guidance contained in the Charity Commission's General Guidance on Public Benefit when reviewing the Charity's Aims & Objectives and planning future aclivib"es. Related Trusts and Charities Trull Parish Room is a registered charity no. 203284 eslablished 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 Diocesan Board of Finance. who need to be consulted about any major changes to the sile. The Managing Trustees, responsible for all routine business, are the PCC of All Saints, Trull. sin the Parish Rooms have now been demolished, there is no longer any income or expenditure lo be shown in the accounts. However, the Trull Parish Room charity continues to exist as the owner of the site of the former Parish Room and also of the sile of the Old Village Hall, which il acquId from the Trull Willage Memorial Hall Trustees for £10,000 in July 2013 in accordance with an Order of the Charity Commission of 21 May 2013; these Iwo siles form the site of the new Trull Church Communrty Cenlre, which is itself the propety of the PCC All Saints Trull charity. The possibility of merging the Parish Room charity with the main PCC charity was expk)red in early 2013 but the Charity Commission did not accept our case thal this would simplify the arrangements for the new Centre. page 5
PCC of All Saints Church, Trull Annual Report for the year ended 31 December 2023 Icontinued Statement of the PCC'S Re8 nsibilitigs The council is responsible for preparing the trustees, Annual Report and the financial statements in accordance th applicable law and United Kingdom Accounting Standaids, including Financial Reporting Standard 102.. The Financial Reporting Standard applicable in the UK and Republic of Ireland {UK Generally A¢pIed Accounting Practice). The law applicable to charities in England and Wales requires the charity trustees lo prepare financial statements for each year which 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 to.. select suitable accounting policies and then apply them consistently., observe the methods and principles in the applicable Charities SORP- make judgements and accounting estimates that are reasonable and prudent", state whether applicable accouriting standards have been frillowed, subject to any material departures disclosed and explained in the financial statements,. and prepare the financial Statements on the going concern basis unless il is inappropriate to presume that the PCC will continue in business. The council is responsible for maintaining proper accounting records that disclose with reasonable accuracy al any lime the financial position of the PCC and enable them to ensure that the financial statements comply with the Charities Acl 2011, the applicable Charities (Accounts and Reports) Regulations 2008, and Ihe provisions of the trust deed and consb-lution. They are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevenknon and detection of fraud and other irregularities. The council is responsible for the maintenance and integrity of Ihe charity and financial infomation included on the charitys website. Legislation in the United Kingdom governing the preparation and dissemination of financial statements may differ from legi812tion in other jurisdictions. Risk and Reserves Poli The financial and pastoral risks lo which the PCC is exposed are reviewed regulady al 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 Ihe online account lo 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 slatement. Savings are kept in financial inslitltlions whete 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 now provides more than enough reserves to cover emergency repairs lo the church building". rt is too large to be kept in an institutio covered by the FSCS, $0 is invested in funds managed by CCLA {Churches, Charities and Local Authorib"es). The PCC operates Safeguarding and Safer Rett111ng Policies that are reviewed annually. The PCC is complying with the 2018 General Data Protection Regtjlations." we have updated our office database lo enable more efficient and attractive communications with church members, in a way that is fully complianl with GDPR. In July 2019, following Charity Commission and Church of England advice to all parishes, the PCC delegated lo the diocese the responsibilty to report to the Charity Commission any serious 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 11 March 2024 and signed on their behalf by." SKJned Rev Andrew Wadsworth (Chairman) JLiidiaL page 6
PCC of All Salnts Church, Trull
Inde
ndent Examiner's Re
to the Trustees of the Parochial Church Councll of All Salnts
Tr
I report to the members of Ihe PCC ¢)n my examination of the ac(x>unts of the Parh1* Churth Coundl of AJI
Saj'nts, Trull for the year onded 31 Do¢emlw 2023, are 88t out on p8gey 8-19.
and Basls of R
As the members of the Parochial ChurGh cn¢11 of All Saints Church, Trull. you are resp)nsible for the
preparation of the accounts in accor(lance with the requirements of the Charilies Act 2011 (Ihe Acf).
I report in respect of my examination of the chartys Bccounts
PCC of All Saints Church, Trull Statement of Financial Activities for the Year Ended 31 December 2023 Total Funds 2023 Total Funds 2022 Unrestricted RÈstri¢t•Y Endowment Funds Funds Funds Notes Income from: Donations and Legacies Other Trading Activities Investments 233,226 20,645 15.313 248,539 217.363 20,645 18,576 7.590 1,165 73,471 24,261 25,426 CharitabÈ AGlivities 73,471 fj9.371 Other Income 2,936 25,220 28,156 6,663 Total Income 331,443 64,794 396,237 319,563 Expenditure on: Raising Funds CharItsb Activities 250 250 309,058 315 152,744 200 462,002 763 352,931 Other Expenditure 448 448 Total Expenditure 309,623 153,192 200 463.015 353,379 Net Incomel(Expenditurel 21,820 188,3981 12001 166.7781 (33,816) Net Movernent in Funds 21.820 188,398} {2001 166,778} 133,8161 Reconciliation of Funds: Total Fund$ Brought Fonvard 15 167,697 1,658,464 5,900 1,832,061 1,865,877 Totsl Funds Carried Forward 15 189,517 1,570,066 5,700 1,765,283 1.832.061 The notes on pages to to 19 fOn part of the financial statemerpts. A Statement of Fin8rpcial Activities for th8 preVu$ year divided belween Fund5 is included at Note 18 on p. 18. page 8
PCC of All Saints Church, Trull Balance Sheet as at 31 December 2023 Notes 2023 2022 Fixed assets Tangible assets 1,052,749 1,045,865 1.052,749 1,045,865 Current assets Debtors Cash and cash equivalents 12 66.173 653,713 719,886 37,344 754, 755 792,099 Current Liabilitigs Creditors- due within 1 year 13 7,352 5,903 Net Current assets 712,534 786, 196 Total Assets less Current Liabllitles 1.765,283 1,832,061 Net a$sets 1.765,283 1,832,061 Funds Unrestricted funds Restticted funds Endowmont fvnds 15 189,517 1,570,066 5,700 167,697 1.658,464 5, 900 15 15 Total funds 1,765,283 1,832,061 The financial statements were approved by the PCC on 11 March 2024 and were signed on ils behalf by: Rev Andrew Wadsworth IChaim12nl The notes on pages 10 to 19 fom? part ofthe financial statements. page 9
PCC of All Saints Church. Trull Notes to the Financial Statements for the Year Ended 31 December 2023 Accounting Policies The financial statements have been prepared under the historical wst convention with items recognised at cost or transaction value and subsequently amortised cost. The financial statements have been prepared in accordance with the Statement of Recommended Practice Accounting and Reporting by Charities preparing their accounts in accordan with the Financial Reporting Standard applicable in the UK and Republic of Ireland {FRS 1021 issued October 2019, the Financial Reporting Standard applicable in the United Kingdom IFRS 1021. the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006. The Church constitutes a public benefft entity as defined by FRS 102. The Trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern. li) Funds Unrestricted funds represent the fijnds of the PCC that are not subject to any resth"ction regarding their use and are available for application to the general purposes of the PCC. These include funds designated for a particular purpose by the PCC. Restricted funds are funds given to the PCC for specific purposes. For details of these funds see the table attached. The endowment funds al All Saints are from the legacy of Gwen Richards, for the churchyard (rem8inder spent in 2022J and church flowers. In 2016 the PCC took measures in accordance with Charity Commission published advice to release the capital of these endowments so that the PUTpose of the funds can be achieved more effectively. {iil Tangible Fixed Assets Tangible fixed assets are included at cost less depreciation. Depreciation of ttems such as eleclrical equipment is calculated at approximately 20Qkn of cost, which is considered sufficient to wfite off the assets over their useful economic lives. Depreciation of items such as furniture and non-electrical equipment in the Community Centre is calculated at 10°/o of cost. No depreciation is being applied to the building itself bul the PCC is exploring the likely cost and timing of future maintenance and Fepairs, and is setti'ng aside some funds for this purpose. Moveable Church furnishings held by the Churchwardens as listed In the inventory held by the Churchwardens are not included on the Balance Sheet. Consecrated and benefi property is not included in the accounts under Section 10 {2al of the Charities Act 2011. liiil Recognition of Income and Expenditure Income is recognised when cash is received or when its receipt is considered certain. Expenditure is recognised wher7 payment is made or when a liability has been incurred rf earfier. Liabilities are recognised as expendituie as soon as there is a legal or constructive obligation committs.ng the chanty to that expenditure, it is probable that settlement wtll be required and the amount of the obligation can be measured reliably. All expendtture is accounted for on an accruals basis. All expenses including support costs and govemance costs are allocated or apportioned to the applicable expenditure headings. livl Legacies Income frorn legacies is credited to the relevant fvnd in the year in which rt is received, or where there is sufficient evidence that the legacy will be received. If not otherwise specified by the leslator, legacies are normally credited direct to the General Fund. Iv) Irrecoverable VAT Irrecoverable VAT is charged against the expenditure heading for which it was incurred. Ivi) Expenditure on Charitable Activities Costs of charitable actThiities include donations, parish share, upkeep of the church, support costs and governance costs." see p.13 foi details_ These costs include costs related to independent examination. page 10
PCC of All Saints Church, Trull Notes to the Financial Statements for the Year Ended 31 December 2023 {viil Koy Judgements and Estimation Uncertalnty The preparats'on of the financial statements requires mangement to make judgements, estimates and assumptions that affect the application of policies and ported amounts of assels and laibilities, income and expenses. Estimates 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 circumstsnces. The resulting accounting estimates will. by definition, seldom equal the related actual results. Iviiil Expenditure on Raising Funds The expenditure on raising funds consists of costs associated with administering donations and fundraising events. lix} Financial Instruments The Church only has financial assets and liabilities that qualify as basic financial instruments and are therefore recognised at transaction price and subsequenuy 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 maturty of three months or less frorn the date of acquisition or opening of the deposit or similar account. page It
PCC of All Saints Church, Trull Notes to the Financial Statements for the Year Ended 31 December 2023 Unrestricted 2023 Restricted Endowment 2023 2023 Total 2023 Total 2022 Donations and Legacies Planned Giving and FWO Gifts" 166,640 Tax Reclaimable on Planned Giving . 41,604 Giving via CAF etc 6,475 CollectnS for Church Funds Other Gifts for Church Funds. Gifts for Mission Support Tax Reclaimable on Mission Giving Legacies & Gifts In Memory Trull Aid gifts TCCCIHall Development Gifts Rectory Fund Gifts 166,640 41,604 6,475 150,487 35,195 7,129 214 903 12,371 2,670 7,694 18,457 18,457 10,736 2,333 10,736 2,333 200 200 50 2,044 50 700 233,226 15,313 248,539 217,363 Other Trading Activities TCCC Hire 20,645 20,645 18,5T6 Investments Interest 1,165 24.261 25,426 7,590 1,165 24.261 25,426 7, 590 Charitable Activities Fees 8,266 8,987 1,003 519 180 54,162 354 8,266 8,987 1,003 519 180 54,162 354 9,012 9,022 2.252 545 Magazine Youth & Children Outreach Bookstall TCCC Café other lincl TCCC events) 218 47,009 1,313 73,471 73,471 69,371 Other Income Grants- general . Office Income Insurance Claim (leak under church) Other (Churchyard, Archives) 2,770 166 20,922 23,692 166 5,949 624 4,298 4,298 90 2,936 25,220 28,156 6, 663 Other FWO Gifts (via the Planned Giving accountj include gifts lo designated funds.. Orchard Grove £2.738 (+ £684 Gfft Aid), renewal of the Sound System £2,795 (+ £561 Gift Aid) Other Grfts for Church Funds (via PCC &lc) include 2 unrestrTCted gffts totalling £9,000 that were used to pay for much of the new Sound System, with the approval of the donors. Also a donation of £7,674 to repay the cost of the Memorial Garden. Grants in 2023 fmm." Parish Lands (as 2022), Listed Places of Worship VA T reclaim. page t2
PCC of All Saints Church, Trull Notes to the Financial Statements for the Year Ended 31 December 2023 Unrestricted Restricted Endowment 2023 2023 2023 Total 2023 Total 2022 Expenditure on Raising Funds eg Envelopes, Info Catd5, Card Machine 250 250 250 250 Charitable Activities Parish Share Rectorfs Expenses Curate & Placement Expenses Fees Youth-worker Children & Families Worker Office Staff Office Costs Magazine Youth & Children Outreach Orchard Grove Other Events & Teams Mission SuppotVExpenses Education - Courses and Resources 128,964 2,992 2,461 4.974 128,964 2,992 2,461 4,974 126,125 2, 680 2,706 5,988 24, 766 26,475 25, 186 6,190 9,306 5,612 1,746 27,323 24,921 6,840 9,488 3,92Q 1,042 301 329 27,323 24,921 6,840 9,488 3,020 1,042 301 329 14,120 55 508 16, 150 138 14,120 55 Ei-..Ii Bookstall Worship Communications & Archives Church Repairs & Improvements Church Insurance & Utilities Churchyard & Car Park TCCC- Staff TCCC - Operation TCCC - Events TCCC - Café Depreciation - general equipment Depreciation - TCCC furniture & eqpt Depreciation - TCCC Café eq1pment Independent Exam (incl extra prevyearj Othe PCC Expenses 148 2.729 361 1,031 7,456 10,500 19,154 25,388 181 24,515 830 1.712 .988 1.350 25 148 2,929 361 138,669 7,456 10,500 19,154 25,368 181 24,515 830 2,338 1,348 1,350 25 188 2. 181 274 13,032 3,515 5,375 18.179 27,397 1,060 22,385 905 2,338 1,175 1,260 97 200 137,638 626 360 309,058 152.744 200 462,002 352.931 Other Expenditure Rectory Fund Bank Charges 448 315 763 114 334 448 315 315 448 page 13
PCC of All Saints Church, Trull Notes to the Financial Statements for the Year Ended 31 December 2023 10. Stsff Costs 2023 2022 Gross Salaries Employerfs National Insurance {EMploymentAllowan £5,000 in 202&4, as in 2022-23) Pension costs 67,583 942 88.992 2.391 70,916 3,279 93,112 In 2023 the number of employees was 4.. 2 full-time Ichildrenlfamilies worker and administrator) and 2 part- lime 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 our employees have been enrolled in a pension scheme with NEST, fulfilling our obligations under pension regulations. The PCC has chosen t() match employee contributions to the pension scheme and to pay any required annual increase in the rate of contribution from January, rather Ihan April, of each year. There are no employees wth emoluments exceeding £60,000.12022 - nill. The key management personnel are the Incumbent and members of the PCC. From Januuary 2021 to April 2023 no Trustees were employed by the Charity. At the Annual Meeling in April 2023, the TCCC Manager, Andy Dunningham, was elected as a Deanery Synod Representative, which automatically made him a member of the PCC and therefore a Trustee. He withdraws from any discussion of staff pay and conditions. In 2023 he received a salary of £11,049 as part-time TCCC Manager. 11. Tangible Fixed Assats TCCC Building TCCC Other Equipment Equipment Total Cost Al 1 January 2023 Additions Disposals At 31 Dember 2023 1,036,837 60,399 752 9,532 10,648 1,106,768 11,400 1,036,837 61,151 20,180 1,118,168 De reciation Al 1 January 2023 Charge for the Year Eliminated on Disposal At 31 December 2023 53,900 3,686 7,003 830 60,903 4,516 57,586 7,833 65,419 Net Book Value at 31 December 2023 1,036.837 3.565 12,347 1,052,749 Net Book V8lue at 31 December 2022 1,036, 837 6,499 2,529 1,045,865 The TCCC building fixed asset refers to the costs of this project from design to Cotnpletion in October 2014, including architect's & other design consultants. fees, and planning & survey fees, as well as the building contractor. No depreciation is applied to the building. Fumiture and non-electrical equipment are depreciated at 10'h p.a. and electrical equipment at 20% p.a. page 14
PCC of All Saints Church, Trull Notes to the Financial Statements for the Year Ended 31 December 2023 2023 2022 12. Debtors Tax Refund due on Planned Giving Jan-Dec Tax Refund due on Mission Fund Giving Jan-Dec Tax Refund due on Orchard Grove Giving J8n-Dec Tax Refund due for Sound System gifts LPOWIVAT refund for church building works Insurance Claim (leak under church floor) Gift for Garden-of-Remembrance work in O¢tlNov 2023 CCLA Interest due for Oct-Dec 2023 Other Prepayments & Accrued Income 37,374 2,300 33,549 2,650 561 5,827 4,298 7,674 6,409 1,046 66.173 1.145 37,344 13. Crediiots- due within 1 year Creditors for goods and services 7,352 5,903 7,352 5,903 14. Independent Examiner's Remuneration 2023 2022 Independent Examinerfs Fee. In 2023 this included a balan of £30 for the 2022 fee alxive the original estimate. 1,350 1,260 page 15
PCC of All Saints Church, Trull Notes to the Financial Statsments for the Year Ended 31 December 2023 15. Statement of Funds Balan Blfwd 01101123 Balance Cld 31112123 Investment Gains Income Expenditu Transfers unrestr.cted Funds 167,697 331,443 309,623 189,517 Restricted Funds Bells Fabric Hall Development Mission Support Organ Rectory Ruth Pewtress Fabric Trull Aid Total Restricted Funds 74 4,366 1,037,823 5.490 2,000 1,393 606,930 389 1,658,464 74 4,365 1,036,837 4,439 2,000 2,988 518,774 589 1,570,066 986 14,120 13,069 2,044 49,482 200 64,795 449 137,638 153.193 Endowment Funds GRichards.' Flowers Total Endowment Funds 5,90a 5,900 200 200 5,700 5,700 Total Funds 1,832,061 396,238 463,016 1,765,283 Unrestri¢ted Funds are for the general purposes of the church. This includes money from several legacies and gifts in memory that are not legally 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 amounts are labelled on the Treasurels computer account5 program. to keep tRck of how they are spent.. details for 2023 may be seen in the Annual Report_ Included in the Unrestricted Funds are some Designated Funds that show where the PCC intends to use those funds but they could be used for other purposes if the designated purpose is no longer needed. For example. the Orchard Grove Fund is for ministry in the new housing development but the organizalion of that ministy is still being developed. The largest Restricted Fund in cash is the Ruth Pewtress Fabri¢ Fund that represents her legacy of £634,000 'ftJr the fabric of the building of All SaAnts Parish Church only,. Other Restricted Funds include the Bolls Fund for the maintenance of the church bells_ Money in the Fabric Fund has been given for repairs to the church building. organ and churchyard lamp. A more specific gift has been alliK*ed lo the Organ Fund. The GRichards: ChurchyardlFloweTr Funds include the income generated on the related Endowment Funds. These funds are lo 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 constnJ¢tion. Some further incorne is being used to improve the building. Mission Support represents money given specffically to support Mission outside the parish. From April 2009 this includes all the money given via the Trull Chur¢h Mission Fund bank account and any tax reclaimed on those gifts. From time to tsme the PCC. through its Mission Team, makes grfls from this fund to missions and charities SUPF)Orted by the church. The Rectory Fund represents money given to defray expenses in the Rectory. page 16
PCC of All Saints Church, Trull Notes to the Financial Statements for the Year Ended 31 Decembèr 2023 The Trull Aid Fund was set up in November 2009 for money lo help people in the parish or in the congregation who are in financial difficutty- Grants are made al the Reclorfs discretion but the signatures of the Treasurer and a Churchwarden are needed on any cheqLte. The iwo Endowrnent Funds come from legacies of £7.000 each from the late Gwen Riehartls.. one for hurch flowers and one for the maintenance of the churchyard. In 2016 the PCC took measures in accordance with Charity Commission published advice to release Ihe capital of these er¢dowments so that the purpose of the fvnds can be achieved more effectively. 16.Analysis of Net Assets bgtwgen Funds Tangible Fixed Assets Nel Current Assets Creditors Due after 1 year 3111212023 Total Unrestricted Funds Restn"cted Funds Endowment Funds 15,912 1,036.837 173,605 533,229 5,700 189,517 1,570,066 5,700 1,052,749 712.534 1,765,283 For comparison, this is last ye8Is An81ysis ofNet Assets belween Funds- for 2022. Tangible Fixed Net cent Cr8ditors Due Assets Assets after 1 year 31/12/2022 Tot81 Unrestricted Funds 8,042 1,037,823 159,655 620,641 5,900 167,697 1,658,464 5,900 Restricted Funds Endowment Funds 1,045,865 786,196 1,632,Cl 17. Related Party Transactions Reimbursement of expenses property illCLtrred on behatf of the PCC in 2023 were paid to 6 members of the PCC.. they amounted to £322 in total. The following payment was made to the wife of a PCC member.. £3,520 lo Fran Pym, one of the Hive Cafe volunteer managers, for baking cakes lat cost}, shopping and monthly expenses", this is the same arrangement as for all Hive volunteer managers, established six years before Rob Pym joined the PCC. James Vestey, son of a PCC member, received a grant of £500 towards the cost of his mission experience plaeement with Latin Link in Ecuador,. this grant was similar to those given to other young people going on mission placements in recent years, proposed by the Mission Team and agreed by the standing Committee. Some regular subscriptions for online seTvices have to be paid by card", these arrangements were made by staff who have now left. Until the PCC has ils own bank card, the Treasurer has been using his personal bank card, reimbursed by PCC cheques, signed by Other signatories.. in 2023 £1,370 was repaid to David Sharpe for this purpose. From Januuary 2021 to April 2023 no Trustees were employed by the Charity. At the Annual Parochial Church, Meeting in April 2023 the TCCC Manager was elected as a Deanery Synod Representative", members of the Deanery SynDd are automatically members of their local PCC. He withdraws from any discussion about staff employment terms and remuneration. The Children & Families Worker is in attendance at pcc to contribute to discussion of items related to her work and to comment on wider issues. She has no voting rights and withdraws from any discussion about her employment lemis and remuneration and those of other staff. AII PCC members are invited to declare any potential conflicts of interest at the beginning of each meeting. If necessary, they withdraw from the tneeting 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 2023 18. Ststsment of Financial Activities for the Year Ended 31 December 2022 For comparative purposes the Statement of Financial Activrties for the previous year is included here. Total Funds 2022 Tot81 Funds 2021 Unrestricted Restrlcted Funds Funds Endowment Funds Income from: Donations and Legacies Other Trading Activities Investments Charitable Activities Other Income 197,026 18,576 347 69,371 4,710 20.337 217,363 18,576 7,590 69.371 6,663 247,337 14.907 3T8 56.062 3,213 7,243 1,953 Total Income 290,030 29,533 319,563 321,897 Expenditure on: Charitable Activities other Expenditu 319,416 334 32,315 114 1,200 352,931 448 328,843 300 Total Expenditure 319,750 32,429 1,200 353,379 329.143 Net Incomel{Expenditure) Movement ben Funds Net Movement in Funds 129,7201 (2,8961 (1,2001 (33,8161 (7,2461 129,7201 (2,8961 11,200} {33,8161 (7,2461 Reeon¢lliation of Funds: Totsl Funds Brought Forward 197,417 1.661,360 7,100 1,865,877 1,873,123 Total Funds Carried Forward 167,697 1,658,464 5,900 1,832,061 1,865,877 page 18
PCC of All Saints Church, Trull Notes to the Financial Statements for the Year Ended 31 December 2023 19. Prior Year Statement of Funds (2022) For comparative purwses the Statement of Funds foi the previous year is included here. Statement of Funds Balance BIfiNd 01101122 Balance Cihvd 31112122 Investment Gains Income Expenditure Transfers Unrestricted Funds 197,417 290,030 319,750 167,697 Reslricted 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 74 4,365 47 1,041,567 6,569 2,000 807 605,483 389 400 15,041 4.144 16,120 1,037,823 5,490 2,000 1,393 606,930 389 1,658.464 700 13,392 114 11,945 1,661,360 29,533 32,429 Endowment Funds GRichards.' Churchyard GRichards- Flowers Total Endowment Funds 1,000 6,100 7,100 1,000 200 1,200 5,900 5,900 Total Funds 1,865,877 319,563 353,379 1,832,061 page 19