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2020-12-31-accounts

ANNUAL REPORT

and

FINANCIAL STATEMENTS

of the

PAROCHIAL CHURCH COUNCIL

of the parish of

ST MATTHIAS, ST MARK & HOLY TRINITY, TORQUAY

for the year ended 31[st] December 2020

CONTENTS

Administrative Information Page 2
Structure, Governance and Management Page 3
Objectives and Activities Page 3
Achievements and Performance Page 4 - 6
Churchwardens’ Report Page 6
Deanery Synod Report Page 6 - 7
Financial Review Page 8 - 9
Reserves Policy Page 9
Independent Examiner’s Report Page 10
Balance Sheet Page F1
Statement of Financial Activities Page F2
Notes to the Accounts Page F3 - F4
Income and Expenditure Page F5 - F9
Operating Income & Expenditure Summary Page F10
Wellspring Project – Financial Overview Page F11 - F12

Parish of St Matthias, St Mark and Holy Trinity, Torquay Annual Report of the Parochial Church Council for year ended 31st December 2020

Administrative Information

St Matthias Church is situated in Babbacombe Road, Torquay, Devon, TQ1 1HW, which is the correspondence address. The website address is www.st-matthias-church.org

The Parochial Church Council (PCC) is a charity registered with the Charity Commission (Registered number 1130983)

PCC members who have served from 1[st] Jan 2020 until the date of this report are:

Incumbent: Rev’d John Beckett Curate: Rev’d Stephen Yates (to Feb 2020) Lay Vice Chair: Paul Stannard Associate minister: Rev’d Paul Barton Wardens: Sylvia Barratt Paul Stannard Secretary: David Wilkinson Treasurer: Tony Barratt Readers: Ruth Beckett (ex-officio) also, Readers Lindsay Glazebrook Norma Gerry Alan Taylor Representatives on the Deanery Synod: (ex-officio) David Burch (to APCM 2020) Sue Davies Giles Fearnley (from APCM 2020) Andrew Stilliard (Diocesan Synod Rep) David Wilkinson Elected members: Tessa Barton (from APCM 2020) Julie Bouskill Angela Boyd Norman Doidge Jill McDowall David Meek Jan Miles Phil Miles Michael Moore (to APCM 2020) Sue Newman (from APCM 2020) Jack Perry Alan Poole (to APCM 2020) Nicola Reeve Marilyn Smee (to APCM 2020) Hilary Stilliard Graeme Whitaker Elaine Wilson Suzy Wright (from APCM 2020)

ANNUAL CHURCH MEETING APRIL 2021 Page 2

Structure, Governance and Management

The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and having been on the roll for six months are eligible to stand for election to the PCC. In addition to its regular meetings the PCC operates through a Standing and Finance Committee and a number of committees (known as ‘Action Groups’), which meet as required, and report back to the PCC. These are:

Standing and Finance Committee

This is the only committee required by law. It has power to transact the business of the PCC between its meetings, subject to any direction given by the Council. It also oversees the financial aspects of the work of St Matthias and the Church Centre. The committee comprised:

Rev’d John Beckett (Incumbent), Sylvia Barratt (Churchwarden), Paul Stannard (Churchwarden and Vice Chair), Tony Barratt (Treasurer), David Wilkinson (Secretary)

Action Groups:

Church Centre Management (oversees all aspects of the staffing and running of the Church Centre, including publicity and noticeboard publicity) Chair : Pere Snow

Health and Safety (responsible for Health and Safety arrangements in the Church, Church Centre and Church grounds); this is the responsibility of the Churchwardens and PCC, advised by Pere Snow (Church Centre) and the Re-ordering and Maintenance Committee

Missions (seeks to expand the work of world mission in accordance with 1996 call of General Synod and makes recommendations for payment of the Church’s missionary tithe) Chair: Joanna Wilkinson

Re-ordering and Maintenance (responsible for the oversight of the Wellspring (Re-ordering) Project and the maintenance of Church, Church Centre and grounds)

Chair: Paul Stannard

Social Core Group (arranges events to encourage social contact) See Ruth Beckett for details.

Pre-School Management (responsible for the running of St Matthias Pre-School and Childcare Centre) Chair : Sylvia Barratt

Youth Worker Management (responsible for management of Youth Worker at St Matthias, then, following Victoria’s departure, became ‘SCYP’ Group – overseeing the SCYP work) Chair: Tessa Barton

Objectives and Activities

The PCC has the responsibility of co-operating with the clergy, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has operational and maintenance responsibilities for the Church and Church Centre.

ANNUAL CHURCH MEETING APRIL 2021 Page 3

Achievements and Performance

Church Attendance

At the time of the last Annual Meeting, in November 2020, there were 207 parishioners on the Church Electoral Roll. This year the electoral roll has been open for revision from 11[th] April 2021. Revised numbers will be reported at the Annual Meeting.

From March 2020, the church was closed for all services due to the national lockdown and as a consequence of the Covid-19 pandemic. Initially, worship was only online, with services pre-recorded and made available through YouTube. Until the first national lockdown the average weekly attendance was 146 adults and 21 children. Since then the majority of worship has been online.

Review of the Year

Last year’s Annual Report concentrated mainly on the work of the previous year, 2019, but was completed in April 2020; this was just before the planned APCM date in May 2020. In April I wrote ‘ Following a degree of disturbance when we relocated to the Peter Larkin Hall, on our return to the church we had been looking forward to a period of stability. Sadly, the circumstances of the past two months have come as an enormous shock to us all. Over a period of just three weeks we have transitioned from relatively ‘normal’ services, with some precautions to be followed, to a complete closure of all places of worship, even for private prayer. The Archbishops and Bishops of the Church of England have called on the Church to “continue to pray, to love and to care for the vulnerable”’.

From March 2020, the church was closed for all services due to the national lockdown and as a consequence of the Covid-19 pandemic. With the church closed for public worship we quickly moved to online worship. Coffee at 10.30 continued, but now on something new, called Zoom. From April, at least one service was recorded each week by the clergy, and uploaded to our new YouTube channel, and Godly Play bible stories or another suitable resource followed from Lena, for children and families (though valuable for all of us). Recordings were made in homes, gardens and other outdoor locations. Church members of all ages have contributed to our services, recording and uploading activities, readings and prayers. Once it was possible to return to church – still without a congregation – the clergy were able to record services in church. From July the church was open again for private prayer and a short 11 am service, with facemasks and plastic screens, social distancing and sanitising, but without singing or communion. Online services continued and we quickly invested in the technology to record and subsequently live stream an 11 am service. Our ‘congregation’ could then watch live or at a later time of their choosing. November saw a second lockdown.

Most of us have come to terms with using new technology and now (from Easter Day) we are finally able to worship again in church. We can now offer ‘hybrid’ worship, reaching our in-person and at-home worshipping community, and recently we have incorporated singing outside on the piazza at the start and end of livestreamed services and have just trialled live Zone services.

We were sad that we could not worship together in church during Lent and Easter (2020); nor were there any of the special services for the children and parents of our local schools. Wedding and funeral services, when allowed, were limited to very small numbers, but we were able to remember those who had passed away at a special All Souls Service in November. Fortnightly prayer meetings have continued, socially distanced in church, when allowed – otherwise on Zoom. The same technology allowed some home groups and other church activities to continue, and regular contact was maintained with those who were unable to access online services. With the gradual easing of lockdown, life at St Matthias is starting to return to normal, albeit a new normal.

ANNUAL CHURCH MEETING APRIL 2021 Page 4

In 2020 the PCC held 11 meetings during the year, of which 9 were by Zoom. The average attendance at PCC meetings was 82%.

Safeguarding : Sue Davies continued in the role of Safeguarding Officer. The PCC has complied with the duty to have due regard to the House of Bishops' guidance on safeguarding children and vulnerable adults under section 5 of the Safeguarding and Clergy Discipline measure 2016. Information regarding Safeguarding can be found on the first page of our website. We are also required to delegate to the diocese the responsibility of reporting serious safeguarding incidents to the Charity Commission, in accordance with the House of Bishops’ Guidance. Safeguarding is a standard item on all PCC agendas.

In a separate document there is a report of the activities of various groups in the church. Items brought to the attention of and considered by the PCC have included:

ANNUAL CHURCH MEETING APRIL 2021 Page 5

So many good things are happening here at St Matthias. I would encourage you to read the Reports from Groups. Please pray for our groups and their leaders. If you feel encouraged to support them do please speak to the named people. The PCC would again like to thank Chairs and members of all Committees (see list on page 4 of this report) that meet – this year virtually – to help it carry out its many responsibilities in the numerous and varied aspects of the life of St Matthias. The help and support they provide is greatly appreciated. We continue to be indebted to them all for the commitment and dedication they show and to all those who give unstintingly of their time and their talents . Thank you.

The PCC would like to record its appreciation of the leadership of our Rector, John Beckett, ably supported by Paul Barton, retired clergy, our Readers, our Churchwardens Sylvia and Paul, Pere and all who work in St Matthias – paid staff and volunteer alike. Stephen, Victoria and their children left us for pastures new in Brixham in 2020 and we look forward to welcoming Pete Norris and his family in the summer.

The second half of this booklet reports on financial matters over the past year. We are hugely grateful for the exemplary work carried out by our treasurer, Tony Barratt.

David Wilkinson

PCC Secretary May 2021

Churchwardens’ Report to the APCM 2021

Since the last APCM we are pleased to be able to report the successful completion of Wellspring. We were very encouraged at the overwhelming response to the request for a final effort on funding. Already the changes have demonstrated their worth, from the ease with which the seating arrangements can be changed to cope with the varying demands of lockdowns, to the highly successful use of the Piazza for carol singing and Easter services. The variety of settings for the You Tube services has been a revelation as to the ways the space can be used. Having said that, we are sure that everyone is looking forward to the time when we can use the changes brought about by Wellspring as intended.

We would like to thank everyone for their support and understanding during this very difficult and worrying time. The churchwardens have made minor changes to the Health and Safety policy and have ensured that changes advised in the last Fire Risk Review have been implemented and that fire precautions are functional.

Sylvia and Paul

Report of the Meetings of Deanery Synod

Your lay representatives are Sue Davies, Giles Fearnley, Andrew Stilliard (who also serves on Diocesan Synod) and David Wilkinson. Members of our parish clergy also attend. Since the last Annual Report there have been two meetings of Synod, all held by Zoom. At the end of the year we said farewell to Rev’d Prebendary Roger Carlton as Rural Dean. Rev’d Nathan Kiyaga, Chaplain at St Cuthbert Mayne School, was appointed to the position of Rural (Area) Dean, ably supported by Fr. Peter March and Rev’d Stephen Yates as Assistants. In 2020 there were 2 meetings of Torbay Deanery Synod. The main items of business, besides finance and

ANNUAL CHURCH MEETING APRIL 2021 Page 6

progress with Common Fund payments by the parishes, were:

In 2018 the average number in our churches was 1234 adults and 100 children, out of a population of 133-135k (c.1% of the population). We could be doing a great deal more to reach the unchurched, hence our application for Strategic Development Funding. We had applied last year and although we were unsuccessful, we had been invited to develop our submission and reapply, bidding against other dioceses.” The Archdeacon went on to share bullet points from the SDF application, intentionally focussed on the younger end of the age range but recognising that a huge part of our mission is to support the middle-aged and elderly. The model that was being developed was for a Resource Church, involving a church plant from St Matthias in Plymouth, which itself has grown from 40 – 600. Bay Church would be located in St Andrew’s Church, Paignton – no longer used for regular worship.

David Wilkinson

Deanery Synod Representative

ANNUAL CHURCH MEETING APRIL 2021 Page 7

Financial Review

After a year like no other, it is not surprising to report that, along with all the other aspects of our church, professional and personal lives that have been affected by the Covid pandemic, our finances have also been affected, although not as drastically as some churches, for reasons that I will explain in this review.

First of all, the Balance Sheet ( Page F1 of the Accounts package ) looks somewhat different from last year, in particular the unrestricted general fund balance ( £43,582 ) is shown, for the first time in many years, as being below the amount that we normally allocate to Reserves (see ‘Reserves Policy’ immediately following this report). Although the impact of the pandemic is a factor in this, the other main reason is the pending completion of the Wellspring Project and the accruals allocated to the payment of final bills due in 2021. The ‘ Creditors ’ figure shown ( £48,832 ) includes the £35k estimated figure for the total amount outstanding. So, although we ended the year with a cash balance of £90,340 , this liability reduced the unrestricted fund balance available for spending to the figure shown. During the year we also paid back the £50k interest free loan from the Diocese and the £100k interest free personal loan from one of our members that had been given on a temporary basis, for which we were very grateful (shown as a liability in last year’s accounts), to help with our cash flow until we received the recovered VAT for Wellspring from HMRC and also an expected legacy.

(N.B. There is a fuller explanation on Page F12 of the overall shortfall in funding for Wellspring in terms of the donations that have been specifically given for the project vs. the cost and the PCC decisions that have been made regarding that, culminating in a conscious decision to ‘borrow’, on a temporary basis, the final (approx.) £25k outstanding from our Reserves, in preference to taking out a loan to cover that amount. A decision was then subsequently made to launch a final appeal for money that would, effectively, replenish our Reserves. Page F12 also shows a summary of the major sources of funding for Wellspring and Page F13 shows a more detailed year on year overview of the categorised income and expenditure.)

Page F2, the Statement of Financial Activities, shows the overall income and expenditure for the year and subsequent sheets in the pack break this down into considerably more detail, pages F5 to F10 showing a breakdown against all the booking categories that we use. As in previous years the ‘Operational Income and Expenditure Summary’ (page F11), which excludes exceptional items such as legacy income, restricted and designated funds and Wellspring, shows a much more informative picture of the day-to-day financing of activities in our three main areas of operation so the remainder of this review will focus on those figures and the explanations behind them.

The first point to note is that, despite the challenges of 2020, remarkably and thankfully, we still ended up with an operational surplus of income against expenditure of £16,688 , just over half of the surplus recorded in 2019. Some of the major factors that contributed to this were:

Some of the highlights of the figures in the three areas are as follows:

ANNUAL CHURCH MEETING APRIL 2021

Page 8

remaining shortfall being due to the lack of general giving normally received on the offering plate at Sunday services (down by almost 50% ). This demonstrated some of the major benefits of the PGS and affirmed how fortunate we are that so many of our regular worshippers have now changed over to that scheme.

In terms of expenditure, we continued to pay our Common Fund contribution in full (a £5k increase on the 2019 figure, which was expected). Other costs were reduced by some £13k due to the lack of normal church activities for most of the year. The result of all these differences was a surplus of £12.6k which, although £17k less than last year, we were very grateful for.

(ii) Church Centre

The main impact of the lockdowns and limitations imposed during the times in between when we were allowed to open for hirers was that, over the year, the revenue we normally receive from individuals and groups using our facilities was reduced by almost 50% to a figure of £19k . Despite some savings in other expenses, amounting to almost £4k , and the offset due to the Furlough payments, the result was a deficit of £10.8k in this area.

(iii) Pre-School

Pre-School income, comprising Early Years funding from our local Council and payments from parents for additional sessions, was down substantially (by £35k compared to 2019) due to a reduction in the number of children on our register and also due to our lack of ability to operate normally for some of the time due to Covid restrictions. On the other hand, our salary bill was considerably less due to a planned reduction in manpower and other expenses were reduced in line with the reduced activity level, leading to a surplus of £14.8k .

Finally I would like to thank all those members of the team who normally help out with different aspects of our finances throughout the year (book keeping, banking, gift aid etc.). Although the level of activity in some areas (e.g. banking, book keeping) has been substantially reduced since the start of the first lockdown in March, I sincerely hope, as we look forward to a gradual return to a more normal church life, that those people will be willing to offer their support once more.

I would also like to thank all our church members for their generous financial support during the year that has led to us not being as severely impacted by the pandemic as many churches, charitable and commercial organisations have been. As I earlier referred to the major part that giving via the PGS has played in us ending up in that situation, I would like to urge those who do not give regularly or who were previously giving via the offering plate, to consider whether you could make a regular commitment by signing up to the PGS scheme (details available on our web site).

Tony Barratt Hon Treasurer

Reserves Policy

It is a requirement of the Charity Commission that all registered charities should have a Reserves Policy, designed to cater for the ongoing viability of the organisation in the event of unplanned/unexpected circumstances arising.

Our policy is now based on retaining approximately 3 months’ normal expenditure as unrestricted funds in our accounts, made up from items considered to be essential in the event of unexpected circumstances preventing us from running one or more of the three separate entities that comprise the St Matthias Church registered charity. The amount that has been calculated for this purpose, including an appropriate amount for contingency purposes, is £70k-75k.

ANNUAL CHURCH MEETING APRIL 2021 Page 9

Independent exarninerfs report to the Parochial Church Council of St Matthias. St Mark and Holy Trinity. Torquay I report on the accounts of the Parochial Church Council for the year ended 31 December 2020, which are set out on pages 2 10 9 is in respect of an examination carried out in accordance with Section 145 of the Charities Act 2011 and the Church Accounting Regulations 2006. Respective responsibilities of the Par￿hla1 Church Council and the examiner The Par(￿hla1 Church Coun￿1 members are responsible for the preparation of the accounts. The Parochial Church Council members consider that an audil is not required for this year under secb'on 14412) of the Charities Act Ilhe 2011 Act) and that an independent examination is needed. 11 is my responsibility lo.. examine the accounts under section 145 of the 2011 Act to follow the procedures laid down in Ihe general Directions given by the commission under section 145151 of the 2011 Act to slate whether particular matters have come to my attention Basis of independent examinerfs report My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounbng records kept by the Parochial Church Council and a comparison of the aecounls presented with th0￿ records. 11 also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as members of the Parochial Church Council ￿ncemIng any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as lo whether the a(Lounts present a 'true and fair view, and the report is limited to those matters set out in the next slatemer7L Independent examinerfs statement In connection with my examinabon, nothing has come to rny attention.. 111 wh￿h gives me reasonable cause to believe that any material respect of the requirements.. lo keep accounting records in accordance with section 130 of the 2011 Act and lo prepare accounts which accord with the accountsng records and comply with the accounting requirements of the 2011 Act have not been met or 121 to which, in my opinion, attention should be drawn in order lo enable a proper understanding of the accounts to be reached David Cook FCCA Smarter Accounting 5 Den Road Teignmouth Devon TQ14 8AR 16 February 2021 Page 10

St Matthias, St Mark & Holy Trinity, Torquay

Balance sheet As at: 31 December 2020

As at 31/12/20
As at 31/12/19		 As at 31/12/20
As at 31/12/19
Tangible assets
Debtors
Cash at bank and in hand
Creditors: Amounts falling due in one year
Creditors: Amounts falling due after more than one year
Unrestricted - General fund
Total Unrestricted
Designated - CASHFLOW
Designated - Church Re-Ordering (DES)
Designated - Matts Cats
Designated - 'Older People' Ministry
Designated - Social Core
Total Designated
Restricted - Church Re-Ordering (RES)
Restricted - Flowers
Restricted - Music
Restricted - Youth Bank
Restricted - Youth Work
Total Restricted
Total assets less current liabilities
Liabilities
Current assets
Fixed assets
Funds of the Church
Represented by:
Liabilities
Total net assets less liabilities
Net current assets less current liabilities		 4,587
7,939
4,587
7,939
6,606
8,516
90,340
170,149
96,947
178,665
48,832
166,247
48,115
12,417
52,973
20,357
1,651
4,857
51,321
15,499
43,582
103,084

43,582
103,084
-
(90,904)
-
-
461
851
-
-
497
497

958
(89,556)
-
-
278
278
207
275
220
457
6,073
959

6,778
1,969
51,321
15,499

Approved by the PCC on 8 March 2021 and signed on its behalf by:

Page F1

St Matthias, St Mark & Holy Trinity, Torquay

Statement of Financial Activities

For the period from 01 January 2020 to 31 December 2020

Unrestricted
funds
Designated
funds
Restricted
funds
Total
funds
Prior year
total funds
Income and endowments from:
Donations and legacies
Charitable activities
Investments
Other income
Expenditure on:
Charitable activities
Other expenditure
resources before transfer
Total income
Total expenditure
Net income / (expenditure)		 171,148 - 5,917
177,065
309,830
96,619 376 -
96,995
156,700
- - -
471
43,001 - 66,825
109,826
153,853
310,768
376
72,743
383,888
620,855
249,799
17,689
1,107
268,597
345,843
40,317
16,061
23,089
79,468
646,747
290,117
33,751
24,197
348,066
992,590
20,650
(33,374)
48,546
35,822
(371,735)
Transfers
Other recognised gains / losses
Reconciliation of funds
Represented by:
General fund
CASHFLOW
Church Re-ordering (DES)
Matts Cats
'Older People' Ministry
Social Core
Church Re-ordering (RES)
Flowers
Music
Youth Bank
Youth Work
Gross transfers between funds - out
Gains / losses on investment assets
Gains on revaluation, fixed assets
Gross transfers between funds - in
Restricted
Unrestricted
Designated
Net movement in funds
Total funds brought forward
Total funds carried forward		 8,758
152,453
17,447
178,659
59,007
(88,911)
(28,564)
(61,184)
(178,659)
(59,007)
-
-
-
-
-
-
-
-
-
-
(59,502)
90,514
4,809
35,822
(371,735)
103,084
(89,556)
1,971
15,499
387,234
43,582
958
6,781
51,321
15,499
43,582
-
-
43,582
103,084
-
-
-
-
(90,904)
-
-
-
-
-
-
461
-
461
851
-
-
-
-
-
-
497
-
497
497
-
-
-
-
-
-
-
278
278
278
-
-
207
207
275
-
-
220
220
457
-
-
6,073
6,073
959

Page F2

ST MATTHIAS, ST MARK and HOLY TRINITY, TORQUAY Notes to the Accounts 2020

1. Basis of Financial Statements

These financial statements have been prepared under the Church Accounting Regulations 2006 in accordance with applicable accounting standards and the current Statement of Recommended Practice, Accounting and Reporting by Charities SORP (FRRSE) 2015 . They have been prepared on an accruals basis under the historical cost convention and include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.

2. Accounting policies

(a) Fund Accounting

(i) Restricted Funds comprise (a) income from endowments which is to be expended only on the restricted purposes intended by the donor and (b) revenue donations or grants for a specific PCC activity intended by the donor.

(ii) Unrestricted Funds are income funds which are to be spent on the PCC’s general purposes.

(iii) Designated Funds are general funds set aside by the PCC for use in the future. Project funds are designated for particular projects for administration purposes only. Designated funds remain unrestricted and the PCC will move any surplus to other general funds.

(b) Incoming Resources

Planned giving, collections and similar donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is entitled to the use of the resources, their ultimate receipt is considered reasonably certain and the amounts due are readily quantifiable. Interest is accounted for as and when accrued by the payer. All incoming resources are accounted for gross.

(c) Resources Expended

The Diocesan Parish Share (Common Fund) expected to be paid over is accounted for when due. All other expenditure is generally recognised when it is incurred and is accounted for gross.

(d) Fixed Assets

Consecrated and benefice property is not included in the accounts in accordance with Section 10(2) (a) and (c) of the Charities Act 2011 .

Movable church furnishings held by the Rector and Churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church’s inventory, which can be inspected (at any reasonable time).

St. Matthias Church Centre was built in 1985/86 at a cost of £198,629 and the extension to it was subsequently built at a cost of £146,355. During 2010 an extension to the Pine Room was constructed at a cost of £98,266. All these amounts have been written off as expended and consequently no depreciation is required. Expenditure on Church Centre furniture and equipment is written off as incurred. The cost of PV Solar Panels, purchased with the help of a loan from the diocese is being written off during the period of the related loan at the same rate as the capital paid off.

Page F3

3. Contingent Liabilities

In the event that either the premises are sold or the Pre-School ceases to operate for reasons within the PCC’s control, a portion of the grant from Torbay Council received in 2010 (£83,156) may have to be repaid.

4. Payments to PCC members

No member of the PCC received any salary or expenses in connection with their role on the PCC.

5. Staff Salaries / Payments

3 (4) staff were employed by the Church/Church Centre, gross salaries paid out during the year being £34,694 (£34,199). 6 (5) staff were employed by the Pre-School, gross salaries paid out during the year being £62,487 (£88,771).

Pension contributions on behalf of 3 (3) eligible employees were paid to the Church Workers Pension Fund (CWPF) in line with current UK Pension legislation (included in salary figures above).

(N.B. Figures in brackets refer to 2019)

6. ‘ Gifts in Kind’ / Payments from Friends of St Matthias

During the year the Friends of St Matthias, a charity set up for the sole purpose of supporting the church via the funding of various works, contributed the following:

Additional Audio/Visual equipment £1,203
Fire Alarm system upgrade £1,116
Total value of contributions: £2,319

7. Loans Repaid

The two interest free loans reported in the 2019 Accounts (£50,000 from Exeter Diocese and £100,000 from a church member) were paid back in full during the year after being used to help with our cash flow for the Wellspring Project.

8. Income and Expenditure – Details

Pages F5 to F10 show a categorised breakdown of all income and expenditure with comparative figures for 2019.

Page F11 shows a 1 page summary of the day to day ‘operational’ income and expenditure in our 3 main areas of operation i.e. Church, Church Centre and Pre-School. This excludes Legacy Income, Restricted and Designated Funds and the Church Re-development Project and therefore shows a much more realistic picture of our financial performance in those 3 areas.

Pages F12 and F13 show summaries of the complete Wellspring project as referred to in the Financial Review.

Page F4

ST MATTHIAS, ST MARK & HOLY TRINITY, TORQUAY

Income and Expenditure - Details by Category

Income and Expenditure - Details by Category
For the period: 01 January 2020 to 31 December 2020
2020 2019
INCOMING RESOURCES
Church Activities Income
A01: Breakfastzone 16 33
A02: Chat at St Matts 26 54
A03: Fees Receivable 1,384 2,173
A05: Home Groups 20 268
A06: Magazine Income - 99
A09: Special Events - 12
A10: Minibus Donations 204 1,102
A11: Matts Cats 170 510
Total for Church Activities Income 1,821 4,253
Church Centre Income
B01: Hirers 21,644 40,592
B02: Pre-School Printing - 1,000
B03: Private Photocopying 42 109
B04: Sundry 11 63
B05: Tea & Coffee 164 876
B06: HMRC Furlough Grant (CTR) 6,945 -
Total for Church Centre Income 28,807 42,640
Church Re-ordering Project
S04: Pledges & Donations 58,362 90,396
S05/06: Pledges & Donations G/A 21,407 61,833
Total for Church Re-ordering Project 79,770 152,230
Friends of St Matthias
E01: Agreed Funding 2,319 129,504
Total for Friends of St Matthias 2,319 129,504

Page F5

Investment & Sundry Income

D03: Other Interest - 471
D04: Sundry Income 2,552 516
D07: HMRC Furlough Grant (CH) 5,704 516
Total for Investment & Sundry Income 8,256 988
Pre-School Income
C01: Fees Torbay DC (PS) 53,713 83,463
C02: Holiday Club (PS) 6,875 8,649
C03: Other Income (PS) 280 685
C04: Parents Payments (PS) 12,442 15,860
C05: Play area extension (PS) - 1,148
C06: HMRC Furlough Grant (PS) 14,854 -
Total for Pre-School Income 88,166 109,806
Solar Panel FIT
D06: Solar Panel FIT - 1,106
Total for Solar Panel FIT - 1,106
Voluntary Income (General)
F01: Collections 2,213 4,816
F02/3: Collections G/A 1,189 10,000
F07: Legacies 26,566 5,500
F08: Misc Donations 4,367 2,044
F09/10: Misc Donations G/A 5,987 8,868
Total for Voluntary Income (General) 40,322 31,229
Voluntary Income (Planned)
F21: Planned Giving 1,055 560
F22/23: Planned Giving G/A 3,991 5,238
F24: PGS Planned Giving 5,720 10,861
F25: PGS Planned Giving G/A 117,666 129,268
Total for Voluntary Income (Planned) 128,433 145,927
Voluntary Income (Youth)
F31: *Youth Work 270 351
F32/33: *Youth Work G/A 1,500 625
F34: *PGS Youth Work G/A 4,113 1,875
Total for Voluntary Income (Youth) 5,883 2,851

Page F6

Voluntary Income (Youth Bank)
F56/57/58: *Youth Bank 106 227
Total for Voluntary Income (Youth Bank) 106 227
Voluntary Income (Other Restricted)
F53/54/55: *Flowers 5 90
Total for Voluntary Income (Other Restricted) 5 90
TOTAL INCOMING RESOURCES 383,888 620,855

OUTGOING RESOURCES

Charity & Mission Giving

Charity & Mission Giving
G01: Charity & Mission Giving 17,000 15,750
Total for Charity & Mission Giving 17,000 15,750
Church Administration
J01: Bank Charges (CH) 138 138
J02: Printing, Post & Stationery (CH) 3,491 4,997
J03: Salaries & NI (CH) 13,287 13,123
J04: Sundry Expenses (CH) 2,902 3,543
J05: Telephone - Alarm line 211 93
J06: Book Keeping 405 1,666
Total for Church Administration 20,435 23,562
Church Centre Costs
P01: Consumables (CTR) 2,302 3,740
P02: Electricity (CTR) 2,481 2,136
P03: Fire & Intruder Alarms (CTR) 925 1,020
P04: Gas (CTR) 2,072 2,540
P05: Insurance (CTR) 2,770 2,716
P06: Maintenance & Repairs (CTR) 3,255 20,114
P07: Salaries & NI (CTR) 21,407 21,076
P08: Sundry Expenses (CTR) 460 486
P09: Telephone (CTR) 365 479
P10: Waste Services (CTR) 2,342 2,757
P11: Water (CTR) 975 1,250
P12: Window Cleaning (CTR) 240 404
Total for Church Centre Costs 39,598 58,723

Page F7

Church Maintenance
K01: *A/V Equipment 2,063 142
K02: Insurance (CH) 2,770 3,147
K03: Electricity (CH) 2,481 2,513
K04: Fire & Intruder Alarms (CH) 1,654 1,033
K05: *Flowers - 112
K06: Garden - General Maintenance (CH) - 332
K07: Gas (CH) 3,730 4,125
K08: Maintenance & Repairs (CH) 1,084 1,348
K10: Piano Tuning - 94
Total for Church Maintenance 13,785 12,850
Church Re-ordering Project
S01: Project Costs 60,042 584,495
S02: Professional Fees 14,731 49,037
S03: Sundry Expenses 337 5,061
Total for Church Re-ordering 75,110 638,594
Common Fund
G02: Common Fund 99,266 94,076
Total for Common Fund 99,266 94,076
Governance Costs
G04: Governance (Independent Examiner) 540 480
Total for Governance Costs 540 480
Ministry Costs
L01: *Advent Calendars - 92
L02: *Children's Bibles - 21
L03: Breakfastzone 56 196
L05: Clergy Expenses 1,826 3,753
L08: *Easter Eggs 119 -
L09: Homegroups - 178
L10: Messy Church - 12
L11: *Music 67 82
L12: Other Outreach 902 3,500
L14: Service Upkeep - Other 177 312
L15: Service Upkeep - Wafers & Wine 260 453

Page F8

L18: Minibus 905 2,450
L19: Chat at St Matts 7 81
L20: Special Events - 2,593
L22: Matts Cats 560 -
Total for Ministry Costs 4,884 13,730
Pre-School Costs
R01: Consumables 224 351
R02: DBS Charges 134 89
R04: Equipment, Materials & Books 1,153 5,781
R05: Gifts (Children & Staff) 195 226
R06: Insurance 507 507
R07: Outings 290 292
R15: Play area extension - 13,173
R08: Printing, Postage & Stationery - 1,011
R09: Rent (Pine Room) 6,000 10,000
R10: Salaries & NI 62,487 88,771
R11: Staff Reporting Systems (PS) 153 -
R12: Staff Training 460 570
R13: Sundry Expenses 1,258 131
R14: Telephone 127 127
R16: Bank Charges 60 60
Total for Pre-School Costs 73,052 121,094
Solar Panel Loan
G05: Solar Panel Loan (Interest) 271 391
G06: Solar Panel Loan (Capital) 3,081 2,960
Total for Solar Panel Loan 3,352 3,352
Youth Bank
M02: *Youth Bank 327 300
Total for Youth Bank 327 300
Youth Work
M03: *Youth Work Exp 713 980
M05: *Youth Worker Fees - 9,095
Total for Youth Work 713 10,076
TOTAL OUTGOING RESOURCES 348,066 992,590

Page F9

Operating Income & Expenditure Summary Jan to Dec 2020 (Church, Centre & Pre-School)

Excluding Legacy Income, Restricted & Designated Funds & Church Re-development

2020 2019 2019 2019 2019 2019 2020v2019 2020v2019 2020v2019 2020v2019 2020v2019
Church Income:
Church Activities 1,652 3,743 - 2,091
Other Income 2,552 2,094 458
HMRC Furlough Grant 5,704 - 5,704
Voluntary Income (overall) 142,190 171,581 - 29,391
General Giving 13,756 25,653 - 11,897
Planned Giving 128,434 145,928 - 17,494
Sub Total (Church) 152,098 177,418 - 25,320
Church Centre Income:
Hirers 21,645 40,592 - 18,947
Other Income 218 2,048 - 1,830
HMRC Furlough Grant 6,945 - 6,945
Sub Total (Centre) 28,808 42,640 - 13,832
Pre-School Income:
Council Fees 53,714 83,464 - 29,750
Parents Payments 19,318 24,509 - 5,191
Other income - 685 - 685
HMRC Furlough Grant 14,855 - 14,855
Sub Total (Pre-School) 87,886 108,658 - 20,772
**Total ** Income 268,792 328,716 - 59,924
Church Expenditure:
Church Administration 20,225 23,485 3,260
Church Maintenance 11,932 12,595 663
Common Fund 99,266 94,076 - 5,190
Governance 540 480 - 60
Ministry 4,137 13,626 9,489
Other expenses (inc. loan interest) 3,353 3,353 0
Sub Total (Church) 139,453 147,615 8,162
Church Centre Expenditure:
Salaries & NI 21,407 21,077 - 330
Maintenance 3,255 4,984 1,729
Other expenses 14,936 17,532 2,596
Sub Total (Centre) 39,598 43,592 3,994
Pre-School Expenditure:
Salaries & NI 62,487 88,771 26,284
Other expenses 10,565 19,150 8,585
Sub Total (Pre-School) 73,052 107,921 34,869
**Total ** Expense 252,104 299,128 47,024
Church (surplus / deficit) 12,645 29,803 - 17,158
Centre (surplus / deficit) - 10,790
 - 952
 - 9,838
Pre-School (surplus /deficit) 14,834 737 14,097
Total **surplus/ ** deficit 16,688 29,588 - 12,900

Page F10

Wellspring Project – Financial Overview at 31 December 2020 with projected completion figures for 2021

TOTAL INCOME (from 2014 to 2020): £000’s
(rounded)
Legacies £171k
Grants from charitable bodies £75k
Friends of St Matthias contributions £170k
(including Audio/Visual system replacement in 2016/2017)
VAT Recovery £70k
Individual and other contributions £248k
(including PCC transfers from surpluses in unrestricted funds,
sales of pews and other items etc.)
Gift Aid recovered on donations £48k
TOTAL: £782k
TOTAL ACTUAL EXPENDITURE (to end of 2020): £808k
SHORTFALL BETWEEN INCOME AND EXPENDITURE: £26k
(to end of 2020)

(N.B. this shortfall has been covered by using some of the surpluses in unrestricted funds from 2019 and 2020 as agreed by the PCC on 30 Nov)

ESTIMATED TOTAL COST OF COMPLETED PROJECT: £843k (including Contractor retention fee but excluding new communion table)

FORECAST EXPENDITURE TO COMPLETION IN 2021: £35K

(N.B. this additional shortfall will initially be funded from the remainder of the surplus from 2020 (£10k) and by utilising a portion of our reserves to make up the rest, as agreed by the PCC on 30 Nov, which amounts to £25k. *This is the £25k we are asking for in the 2021 Appeal* It leaves approx. £45k in Unrestricted Funds, which is effectively our reserves going into 2021).

In summary, the overall shortfall between income and expenditure for the whole project is £61k (made up of £26k actual to end of 2020 and £35k forecast to project completion in 2021).

Tony Barratt, January 2021 Treasurer

Page F11

S01
S02
S03
Expense
S04
S05
S06
Income
Transfers In
Income
Year
Proj Costs
Prof Fees
Sundry
(Total)
Non G/A
G/A
G/A Rec'd
(Total)
(Des Funds)
(Overall)		 7,516
7,516
27,148
27,148
14,549
292
14,841
22,800
22,800
15,749
6,460
22,209
8,621
68,718
17,169
94,508
106,673
201,181
3,465
25,302
448
29,215
16,948
50,560
12,612
80,120
80,120
584,495
49,037
5,061
638,593
90,396
49,473
12,360
152,229
23,618
175,847
114,374
114,374
27,542
12,231
337
40,111
58,363
16,927
5,768
81,058
23,566
104,623		 615,502
124,384
12,598
752,485
288,702
185,678
47,909
522,289
203,805
726,093		 (CASHFLOW, covered by loans & reserves)
26,391		 Total Income to 2020
726,093
Forecast Spend 2021 (inc. retention)

35,000
(Amount to raise to cover all bills and loans payback)
-61,391**		 A/V commissioned and paid for by Friends in 2016/2017
55,812		 843,297
Pag
F12		 843,297
2014/2015
2016
2017
2018
2019
FRIENDS FUNDS
2020
TOTALS (TO 2020)
OVERSPEND		 FORECAST TO
COMPLETION:
SHORTFALL
'PROXY' SPEND
TOTAL PROJECT
SPEND (2014-21)

Page F12