OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2020-12-31-accounts

REDLAND PARISH CHURCH

Annual Report and Financial Statemen of the Parochial Church Council

Charity number: 1131061

Contents

Annual Report of the PCC

Report of the Independent Examiner Statement of Financial Activities

Balance Sheet as at 31st December 2020

Notes to the Financial Statements

Page 1 of 22

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

ANNUAL REPORT OF THE PCC

For the year ended 31st December 2020

OBJECTIVES AND ACTIVITIES

Background

from Trinity College.

Summary of objects of the charity

those in need in our parish, community and city; and similar support further afield.

Explanation of the charity’s aims

nation, and throughout the world.

Main objectives of the year

activities run to further this vision we had a specific focus on three major projects:

engagement with younger generations, whilst enabling present and future growth.

discussions preventing needless bureaucracy and confusion.

around it.

Strategy for achieving the objectives

Page 2

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

benefit and, in particular, the specific guidance on charities for the advancement of religi

Page 3

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

Public Benefit Statement

Redland Parish Church has undertaken over the last year.

an important local resource, and are used by various groups and individuals not directly con activities and events.

PCC will always look to help where people are struggling to afford the cost.

ACHIEVEMENTS AND PERFORMANCE

Review of the year for 2020

Page 4

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

Page 5

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

Impact of Covid 19 and control measures adopted

restrictions in place at the start of 2021 will continue to impact us in terms of meeting toget activities and ministry of the church continues.

The Accounts

Having set out some of the activities of the charity during 2020, we would like to thank agai drawing together our accounts: David Clarke, our Treasurer; Wendy Horsfield, our Bookkeepe Secretary.

much further afield.

FINANCIAL REVIEW

the Annual Parochial Church Meeting (APCM).

outcome.

The income received to assist in repayment of the loans taken out to cover expenditure on t church halls amounted to £62,886 (2019: £75,270) and is shown as part of the restricted inc used to pay down the loans. Additionally, the church received some restricted gifts for charit out in the accounts.

During the year, the church received two legacies amounting to £22,288. From this sum, the balance treated as income to general funds.

Page 6

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

receivable. Our total unrestricted income was £452,007 (2019: £515,411).

management and leadership teams and enables a significant contribution to be made by La and the use of hall space (not otherwise charged).

Overall expenditure had to be totally reassessed when the impact of Covid 19 arrived and si the course of the year (see more detailed discussion above). Mission and charitable giving h to be found and giving from unrestricted funds reduced to £37,120 (2019: £55,614) though g £49,281 (2019: £35,126). Expenditure on ministry was down to £70,259 (2019: £80,394), wh £43,344, much reduced from the 2019 total of £60,333. Savings were also found in ministry administration) which amounted to £87,022 (2019: £102,757). Total unrestricted expenditure £449,962 if the large depreciation charge last year is deducted).

supplement support for our mission partners.

down.

Page 7

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

income in a single year. Reserves are also required to cover unforeseen expenditure. The cu minimum level of undesignated reserves equivalent to about 3 months of unrestricted expen (2019: £141,878). As at 31 December 2020, the church held in cash and short term deposits of the minimum. The PCC reviewed the level of reserves and concluded that the current min support current activities and to cover known risks. At year end, the level of short term (excl undesignated (i.e. free) reserves held by the PCC was £104,235 (2019: £132,748). The Trust financial results this year, that there will be any impact from Covid-19 on the reserves policy in 2021.

funds where there was movement during the year in excess of £5,000.

with the requirements of the Charity Commission.

Thank you to all three.

The life of the church is vibrant and the financial position has remained strong through the t continue have confidence in the future finances of the church and in its ability to repay the o with all organisations dependent upon voluntary giving, it remains heavily dependent upon c members.

Page 8

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

PLANS FOR FUTURE PERIODS

community, the City and the wider Church in Bristol.

GOVERNANCE

Governing Constitution or Document

1969 as amended).

Recruitment of Trustees

of the incumbent (our vicar), the two churchwardens, and members elected by those memb the electoral roll of the church. In addition, ordained clergy who are licensed to the parish ar are the elected representatives to Deanery Synod and representatives from the Parish who a those who attend our services and are members of the congregation are encouraged to regi persons may stand for election to the PCC. Nominations are called for, and persons voted fo Meeting (APCM).

Use of volunteers

V l i l d i ll f h k i l di i i h k d i

Policies for induction and training

Page 9

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

their role effectively and this is reviewed in Annual Appraisals.

Organisational Structure

management function.

meetings.

March 2021)

recommendations to the PCC

day running of the Church and its ministry.

Risk Management

On at least an annual basis the PCC considers and discusses the key risks facing the Church them and any action required. Financial Risk is regularly assessed by the Standing Committe risk from Covid19 meant that there were special meetings of the Standing Committee and th pandemic, with the Treasurer attending online seminars giving advice to charities. Various po discussed and analysed and responses developed with some immediate steps taken to limit voluntary giving did not fall but rather increased and it became unnecessary to implement f the year.

standard item on all PCC agendas, and all Trustees are required to complete safeguarding tr legal requirements and diocesan best practice having paid due regard to the House of Bisho During the year, DBS enhanced certificates have continued to be renewed and applied for as continued online and we continue to seek to improve response from volunteers. We have dra and online activities.

Page 10

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

The PCC is not dependent upon grants to take forward its work. Small amounts of grants we Redland Chapel Trust for insurance and repairs to the chapel and for the work of Redland Ed grateful for this support.

LEGAL AND ADMINISTRATIVE INFORMATION

Charity details

Registration number: 1131061

Date of registration: 10 August 2009

Address: Redland Church Halls, Redland Green Road, Redland, Bristol BS6 7HE

Details of Trustees

Representation Rules. Elected members normally serve for 3 years but may be re-elected.

The following served as trustees and as members of the PCC during the year:

Vicar: Rev William Fairbairn (from February 2020) Associate Minister: Revd Steven Faux Licensed Minister: Revd. Steve Truscott Licensed Lay Minister: Clare Nichols

Page 11

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

until October 2020; Alan Barr, Warden, from October 2020.)

Treasurer: Professor David Clarke

Co-opted member: Bob Molton (until June 2020)

Whitehead.

Committee oversees day to day administration. The only paid employees (i.e., paid by the c functions were the part time associate minister and the Operations Manager (until 18 Decem has a stipend paid by the Diocese of Bristol).

Details of advisors

Banks

CAF Bank, 25 Kings Hill Avenue, Kings Hill, West Malling, Kent ME19 4JQ

Independent Examiner

Bristol BS48 1UR

Statement of trustees' responsibilities

period. In preparing these financial statements, the trustees are required to:

Page 12

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

The trustees are responsible for keeping sufficient accounting records that disclose with financial position of the charity and enable them to ensure that the financial statements co Charity (Accounts and Reports) Regulations 2008 and the provisions of the trust deed/const safeguarding the assets of the charity and hence for taking reasonable steps for the preven irregularities.

Approved by the PCC and signed on its behalf by:

Lizzie White and Alan Barr Church Wardens

Rev William Fairbairn, Vicar

Date: ......................................2021.

Page 13

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF REDLAND PARISH CHURCH PCC For the year ended 31st December 2020

I report to the trustees on my examination of the accounts of Redland Parish Church (the Charity) for the year ended 31 December 2020.

Responsibilities and basis of report

As the charity trustees of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out

  4. in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a

  5. ‘true and fair view which is not a matter considered as part of an independent examination.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.

Joshua Kingston, ACA Burton Sweet Chartered Accountants The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR

Date: …………………………2021

Page 14

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

STATEMENT OF FINANCIAL ACTIVITIES For the year ended 31 December 2020

Note
INCOME FROM:
Donations
2(a)
Charitable Activities
2(b)
Investments
2(c)
TOTAL INCOME
EXPENDITURE ON:
Charitable Activities
-Mission and charitable giving
3(a)
- Ministry
3(b)
- Estates
3(c)
- Administration
3(d)
TOTAL EXPENDITURE
NET INCOME/(EXPENDITURE)
TRANSFERS
Transfer of Funds New Halls
NET MOVEMENT IN FUNDS
12(a)/13(a)
BALANCES BROUGHT FORWARD AT
1 JANUARY
BALANCES CARRIED FORWARD AT
31 DECEMBER		 2020
2020
2020
2019
2019
2019
£
£
£
£
£
£
353,047
129,502
482,549
399,181
120,410
519,591
98,744 -
98,744
115,378 -
115,378
216 148
364
852 -
852
Unrestricted
Funds
Restricted
Funds
TOTAL
FUNDS
Unrestricted
Funds
Restricted
Funds
TOTAL
FUNDS
452,007
129,650
581,657
515,411
120,410
635,821
177,120
49,280
226,400
215,614
35,126
250,740
131,232
20,379
151,611
140,689
11,673
152,362
43,344
7,057
50,401
60,333
7,003
67,336
87,022 -
87,022
150,875 -
150,875
438,718
76,716
515,434
567,511
53,802
621,313
13,289
52,934
66,223
(52,100)
66,608
14,508
62,886
(62,886 ) -75,270
(75,270 ) -
76,175
(9,952)
66,223
23,170
(8,662)
14,508
797,760
16,834
814,594
774,590
25,496
800,086
873,935
6,882
880,817
797,760
16,834
814,594

The Charity has no recognised gains or losses other than the results for the year as set out above.

All of the activities of the Charity are classed as continuing.

The notes on pages 14 to 22 form an integral part of these financial statements.

Page 10

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

BALANCE SHEET
At 31 December 2020
FIXED ASSETS
Note
Tangible Fixed Assets
5(a)
CURRENT ASSETS
Debtors and Prepayments
6
Short-term Deposits
7
Cash at bank and in hand
8
CREDITORS: DUE WITHIN ONE YEAR
9
NET CURRENT ASSETS
TOTAL ASSETS LESS CURRENT LIABILITIES
CREDITORS : DUE IN MORE THAN ONE YEAR
10
NET ASSETS
FUNDS
Unrestricted
11
Restricted
11		 2020
£
990,044
990,044
4,985
51,149
130,322
186,456
(71,708)
114,748
1,104,792
(223,975)
880,817
873,935
6,882
880,817		 2019
£
993,356
993,356
18,314
50,933
129,571
198,818
(45,605)
153,213
1,146,569
(331,975)
814,594
797,760
16,834
814,594

Approved by the Parochial Church Council on …..... 2021 and signed on its behalf by:

Alan Barr (Churchwarden)

Lizzie White (Churchwarden)

The notes on pages 14 to 22 form an integral part of these financial statements.

Page 11

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

Cashflow Statement At 31 December 2020

Net cash infow from operating activities
Investment Income
Capital expenditure and fnancial investment:
- Payments for tangible fxed assets
Financing
- Loans repaid
Net cash outfow for the year
NOTES TO THE CASHFLOW STATEMENT
SOFA: Net movement in funds
Investment Income
Depreciation
(Decrease)/increase in creditors
Decrease/(increase) in debtors
B. Analysis of changes in cash during the year
Short term deposits
Cash at bank and in Hand
Short term deposits
Cash at bank and in Hand
A. Reconciliation of net movement in funds to net
cash infow from operating activities		 Notes
A
2020
£
51,149
130,322
181,471
2019
£
50,933
129,571
180,504		 2020
£
112,257
112,257
364
3,654
108,967
(108,000)
967
66,223
(364)
6,966
26,103
13,329
112,257
2019
£
50,933
129,571
180,504
2018
£
75,476
142,662
218,138		 2019
£
55,514
55,514
852
-
56,366
(94,000)
(37,634)
14,508
(852)
48,118
(4,128)
(2,132)
55,514
Change
£
216
751
967
Change
£
(24,543)
(13,091)
(37,634)

C. Cashflow Restrictions

Charity law prohibits the use of net cash inflows on any endowed or other restricted fund to offset net cash outflows on any fund outside its own Objects, except on special authority. In practice, this restriction has not had any effect on cashflows for the year.

Page 12

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020

1 ACCOUNTING POLICIES

BASIS OF PREPARATION

The financial statements have been prepared under the historical cost convention and in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and the Republic of Ireland (FRS 102) and the Charities SORP (FRS 102).

The accounts (financial statements) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

The charity meets the definition of a public benefit entity under FRS 102.

GOING CONCERN

The financial statements are prepared on the going concern basis. No material uncertainties exist that may cast significant doubt on the ability of the Charity to continue as a going concern, despite the significant uncertainty being caused by the worlwide COVID-19 crisis. Whilst the Trustees expect there to be a significant impact on the charity's operations and reserves in the coming months, the charity has sufficient reserves to be able to meet these challenges.

FUNDS

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restrictions are provided in note 13.

Designated funds are funds set aside by the trustees out of unrestricted general funds for specific future purposes or projects.

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financial statements of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.

INCOME

Donations - Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Tax recoverable on Gift Aid donations is recognised when the donation is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is probable. Funds raised by events, such as Chat-a-Box and Church weekends away, are accounted for gross. Sales of sundry items such as books are accounted for gross.

EXPENDITURE

Expenditure is included on an accruals basis and is recognised when there is a legal or constructive obligation to pay for expenditure. All costs have been directly attributable to one of the functional categories of resources used in the SOFA. The Church is not registered for VAT and accordingly expenditure is shown gross of irrecoverable VAT.

Grants and other charitable giving are accounted for when paid over, or when awarded and communicated to the recipient, if that award creates a binding obligation on the PCC. The Parish Share is accounted for when payable. Any Share unpaid at 31 December is provided for in these accounts as a constructive obligation (though not a legal liability) and is shown as a creditor in the Balance sheet.

Governance costs include the cost of the Independent Examination of the financial statements, the cost of Trustees meetings and of any legal advice to trustees on governance or constitutional matters. They have been included within support costs.

FIXED ASSETS

Freehold Land and Buildings

The church hall complex is shown at the open market value for the existing use. This was professionally valued at £800,000 in the 2017 year. Property is held in the accounts at valuation and depreciated at nil depreciation. Property is revalued every five years, however trustees review the property annually for impairment and to assess if the value held is considered materially different to market value.

Redland Chapel was not valued or capitalised as the SORP permitted exclusion for inalienable and historic assets where reliable cost information and conventional valuation approaches lack sufficient reliability. Consecrated and benefice property is also excluded from the accounts by s10(2) of the Charities Act 2011. Accordingly, all expenditure incurred during the year on inalienable and historic buildings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities and separately disclosed.

Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are accounted for as inalienable property unless consecrated. They are listed in the Church's inventory, which can be inspected at any reasonable time. For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Items acquired since 1 January 2000 have been capitalised and depreciated as necessary.

Page 18

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020

1 ACCOUNTING POLICIES (continued)

Furniture, Fittings and Equipment

Tangible fixed assets costing more than £1,000 (for a single item or group of interdependent items) are being capitalised at cost including acquisition costs.

Depreciation

Depreciation is provided on all tangible fixed assets at rates calculated to write off cost on a straight-line basis over expected useful economic lives as follows, subject to annual review:Freehold land Nil (considered to have an indefinitely long useful life) Freehold buildings Nil - see above Furniture, fittings & equipment 4 years

Investments

Investments are included at market value at 31st December. The SOFA includes the net gains and losses arising on revaluations and disposals during the year.

CURRENT ASSETS

Amounts owing to the PCC at 31st December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove un-collectable. Short-term deposits include cash held on deposit either with the Central Board of Finance of the Church of England or Bank.

Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid after taking account of any discounts due.

Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.

LIABILITIES

Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any discounts due.

ACCOUNTING ESTIMATES AND ASSUMPTIONS

In the application of the charity's accounting policies, the Trustees are required to make judgements, estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from those estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both the current and future periods.

2 INCOME

2(a) Income from Donations

Giving
Church Collections
Gift Day
Legacies
Restricted Giving:
Mission Gift Day
Youth
Redland Chapel Trust		 TOTAL FUNDS
Restricted Funds
TOTAL FUNDS
2020
2019
£
£
£
£
£
£
291,612
81,387
372,999
339,438
90,098
429,536
4,962-
4,962
11,365-
11,365
34,185-
34,185
48,378-
48,378
22,288 -
22,288- - -
-35,546
35,546-
17,859
17,859
-
450
450-
413
413
-
12,119
12,119-
12,040
12,040
Unrestricted
Funds
Restricted
Funds
Unrestricted
Funds
353,047
129,502
482,549
399,181
120,410
519,591

The church received £284,308 (2019 - £326,812) under the gift aid scheme, and reclaimed £71,077 (2019 - £81,703) in tax, included above.

Page 19

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020

2 INCOME (continued)

2(b) Income from Charitable Activities

me from Charitable Activities
Church Hall Rentals
Church Fees
Lantern Preschool
Chat-a-box
Church Events
Youth
Youth Events
Miscellaneous		 TOTAL FUNDS
Restricted Funds
TOTAL FUNDS
2020
2019
£
£
£
£
£
£
20,234-
20,234
34,429-
34,429
361-
361
1,746-
1,746
66,971-
66,971
58,044-
58,044
- --
9,545-
9,545
1,739-
1,739
6,761-
6,761
2,040-
2,040- - -
- --
190-
190
7,399-
7,399
4,663-
4,663
Unrestricted
Funds
Restricted
Funds
Unrestricted
Funds
98,744 -
98,744
115,378-
115,378

Halls useage for some partners/charities were provided for free or at a reduced rate. The value of this use is £1,026.

2(c) Income from Investments

2(c) Income from Investments
Savings Accounts - CBF
Savings Accounts - Skipton		 TOTAL FUNDS
Restricted Funds
TOTAL FUNDS
2020
2019
£
£
£
£
£
£
216 -
216
456-
456
- 148
148
396-
396
Unrestricted
Funds
Restricted
Funds
Unrestricted
Funds
216148
364
852-
852

3 EXPENDITURE ON CHARITABLE ACTIVITIES

3(a) Mission and charitable giving

ission and charitable giving
Our Diocese
Parish Share
Church Overseas
Glenys Goulstone/OMF
Goulds/OMF
Shayi/ICBM
Chillongani
Mwihambi
Rossingtons/AIM
SAMS
Bridget Howard/AIM
Tearfund
Uganda (Gift Day 2015)
Bibles for Tanzania
Uganda Clergy Appeal
OMF (Matumbi)
(Mission Gift Day 2018)
AIM for Rossingtons
(Mission Gift Day 2020)
Charles Mwihambi
(Mission Gift Day 2020)
Diocese of Central Tanganyika
(Mission Gift Day 2020)		 TOTAL FUNDS
Restricted Funds
TOTAL FUNDS
2020
2019
£
£
£
£
£
£
140,000 -
140,000
160,000-
160,000
Unrestricted
Funds
Restricted
Funds
Unrestricted
Funds
7,200 140
7,3407,200 240
7,440
Err:511
656
Err:511- 375
375
3,600
1,544
5,1443,600 2,750
6,350
7,200 1,875
9,0757,300 938
8,238
2,500
1,875
4,3754,000 1,062
5,062
7,200 -
7,2007,200 -
7,200
- --- 52
52
-140
140- 240
240
- --- 1,552 1,552
- --- 3,620 3,620
- --- 9,491 9,491
- --500 - 500
-5,000
5,000- - -
-8,700
8,700- - -
-10,000
10,000- - -
-500
500- - -
27,700
30,430
Err:511
29,800
20,320
50,120

Page 20

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020

3(a) Mission and charitable giving (continued)

Home Mission
Church Pastoral Aid Society
BISC
Arabella Paul
Crisis Centre Ministries
Bristol Night Shelter Project
The Bible Society
Scripture Union
Changing Tunes
Anika Parker
See Change
Open Doors
Release International
Barnabus Fund
Easton Family Centre
Sixty One
A Rocha
Other
Total Mission and Charitable Giving
3(b) Ministry
Staf team
Assistant Minister
Youth Ministry
Other sundry expenses
Salaries
Other Costs
Easton Family Centre
(Mission Gift Day 2020)
Bristol Churches City Fund
(Mission Gift Day 2020)
Bristol Black Carers
(Mission Gift Day 2020)
Expenses, Books, Travel &
Technology
Lantern		 TOTAL FUNDS
Restricted Funds
TOTAL FUNDS
2020
2019
£
£
£
£
£
£
1,000 -
1,000
1,000 -
1,000
1,500 -
1,500
1,330 -
1,330
- 140
140
6,492
240
6,732
3,400 -
3,400
3,400
7,005
10,405
- --
3,000 -
3,000
2,000 -
2,000
2,100 -
2,100
1,000 -
1,000
1,000 -
1,000
- --
500 -
500
- --
6,492 -
6,492
- --- 1,551 1,551
- --- 1,551 1,551
- --- 1,551 1,551
- --- 1,551 1,551
520 180
700- - -
- 5,000
5,000- - -
- 4,000
4,000- - -
- 2,846
2,846- - -
- 1,723
1,723- - -
- 1,222
1,222- - -
-
3,739
3,739
500
1,357
1,857
Unrestricted
Funds
Restricted
Funds
Unrestricted
Funds
9,420
18,850
28,270
25,814
14,806
40,620
177,120
49,280
226,400
215,614
35,126
250,740
TOTAL FUNDS
Restricted Funds
TOTAL FUNDS
2020
2019
£
£
£
£
£
£
20,024-
20,024
20,019-
20,019
26,188
450
26,638
16,287
413
16,700
1,398-
1,398
2,985-
2,985
165-
165
115-
115
Unrestricted
Funds
Restricted
Funds
Unrestricted
Funds
47,775
450
48,225
39,406
413
39,819
52,380-
52,380
54,315-
54,315
8,593-
8,593
5,980-
5,980
60,973 -
60,973
60,295-
60,295

Page 21

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020

3(b) Ministry (continued)

3(b) Ministry (continued)
Unrestricted
Funds		 Restricted
Funds		 TOTAL FUNDS Unrestricted
Funds		 Restricted Funds TOTAL FUNDS
2020 2019
£ £ £ £ £ £
Children and young people
Youth Work 1,534 - 1,534 2,351 - 2,351
Children and Families 609 - 609 561 - 561
Youth Events 2,299 - 2,299 190 - 190
Chat-a Box
 - - - 10,192 - 10,192
Redland Education Centre 14,365 19,652 34,017 19,725 11,226 30,951
18,807 19,652 38,459 33,019 11,226 44,245
Groups and activities
Nurture Gifts
 - 277 277 - 34 34
Toddlers
 68 - 68 387 - 387
Church Events Expenditure 2,052 - 2,052 5,640 - 5,640
2,120 277 2,397 6,027 34 6,061
Church services
Worship Services 144 - 144 911 - 911
Music 1,413 - 1,413 1,031 - 1,031
1,557 - 1,557 1,942 - 1,942
Total Ministry 131,232 20,379 151,611 140,689 11,673 152,362
3(c) Estates
Unrestricted
Funds		 Restricted
Funds		 TOTAL FUNDS Unrestricted
Funds		 Restricted Funds TOTAL FUNDS
2020 2019
£ £ £ £ £ £
Halls:
Utilities 14,591 - 14,591 13,072 - 13,072
Insurance 6,723 - 6,723 7,098 - 7,098
Repairs & Maintenance 4,893 - 4,893 12,234 - 12,234
Cleaning 6,857 - 6,857 9,285 - 9,285
Grounds & General Maintenance 3,163 - 3,163 7,266 - 7,266
Interest on redevelopment loans 3,470 - 3,470 4,879 - 4,879
Sundry Expenses 611 - 611 3,539 - 3,539
40,308 - 40,308 57,373 - 57,373
3(c) Estates (Continued)
Unrestricted
Funds		 Restricted
Funds		 TOTAL FUNDS Unrestricted
Funds		 Restricted Funds TOTAL FUNDS
2020 2019
£ £ £ £ £ £
Church:
Utilities 1,175 - 1,175 1,648 - 1,648
Insurance
 - 2,396 2,396 - 2,359 2,359
Repairs & Maintenance 1,861 4,661 6,522 1,182 4,644 5,826
Sundry Expenses
 - - - 130 - 130
3,036 7,057 10,093 2,960 7,003 9,963
Total Estates 43,344 7,057 50,401 60,333 7,003 67,336

Page 22

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020

3(d) Church management and administration

Administration :
Telephone Charges
Depreciation
Salaries
Bank Service Charges
Staf Recruitment
Hospitality and Thanks
Total administration
Postage,Stationery,
Advertising, Website, Sundries
Computer Equipment and
Maintenance
Governance - Independent
Exam		 TOTAL FUNDS
Restricted Funds
TOTAL FUNDS
2020
2019
£
£
£
£
£
£
300 -
300
1,636 -
1,636
(11,244) -
(11,244)
48,118 -
48,118
80,350 -
80,350
80,504 -
80,504
1,950 -
1,950
5,214 -
5,214
277 -
277
210 -
210
12,434 -
12,434
12,003 -
12,003
494 -
4941,761 - 1,761
309 -
309509 - 509
2,152 -
2,152920 - 920
Unrestricted
Funds
Restricted
Funds
Unrestricted
Funds
87,022-
87,022
150,875 -
150,875

4 STAFF COSTS

Wages and salaries
Social security costs
Pensions		 2020
2019
£
£
187,132
189,330
12,634
12,204
3,441
3,015
203,207
204,549

During the year the PCC employed an associate Vicar, five staff at the Lantern Preschool, two church administrators, one youth worker, three education centre workers, an operations manager, a bookkeeper and two caretakers, none of whom earned £60,000 or more. The Vicar, churchwardens and PCC only receive reimbursement for expenses incurred and properly authorised for church business.

Key management personnel (Associate Vicar and Operations Manager) received total benefits of £63,267 (2019: £61,595) (including salary, pension contributions and an accomodation allowance for the Associate Vicar). No other member of the senior management team received employee benefits.

5 FIXED ASSETS FOR USE BY THE PCC

5(a) Tangible Fixed Assets

Tangible Fixed Assets
Cost & Valuations
1st January
Additions
Restatement of cost
31st December
Depreciation
1st January
Charge for year
31st December
Net Book Values
31st December 2020
31st December 2019
Restatement of accumulated
depreciation		 Freehold Land
Total
£
£
£
£
185,000
800,000
256,838
1,241,838
- - 3,654 3,654
- -
(18,210)
(18,210)
Freehold
Buildings
Furniture,
Fittings &
Equipment
185,000
800,000
242,282
1,227,282
- -
248,482
248,482
- -
6,966
6,966
- -
(18,210)
(18,210)
- - 237,238 237,238
185,000
800,000
5,044
990,044
185,000
800,000
8,356
993,356

Page 23

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2020

Note 5a-1: Ownership of the Redland Church Halls is vested in the Diocesan Board of Finance in trust for the PCC and Title Deeds are held by the Diocesan Board of Finance. Redland Church Halls have cover for insurance purposes at £2,301,535 and Furniture, Fittings and Equipment £263,258. However, an updated open market current use valuation in 2017 places a value on the halls together at £800,000 and this is the value that appears in the accounts.

Note 5a-2: The Church's judgement on the creditor due for the halls screen has now changed and, consequently, this fixed asset has a lower value.

5 FIXED ASSETS FOR USE BY THE PCC (continued)

5(b) Inalienable and Historic Assets

(i) Consecrated properties are excluded from all accountability under Charities Act 2011. The PCC has maintenance responsibility for land and buildings of the church.

(ii) Neither the vicarage nor the church is owned by the PCC.

6 DEBTORS AND PREPAYMENTS
Debtor - Income tax recoverable
Other Debtors
Prepayments
7 SHORT-TERM DEPOSITS
Central Board of Finance a/c 1
8 CASH AT BANK AND IN HAND
CAF No 1
CAF Income
CAF Building Fund
Skipton Building Society
Cash in Hand
9 CREDITORS : DUE WITHIN ONE YEAR
Trade Creditors
Accruals
Payment in Advance
Inland Revenue
Diocesan Loan
Loans for Building Project
10 CREDITORS : DUE IN MORE THAN ONE YEAR
Diocesan Loan
Methodist Chapel Aid Loan
Loans for Building Project		 2020
2019
£
£
908
6,612
2,767
10,504
1,310
1,198
4,985
18,314
2020
2019
£
£
51,149
50,933
51,149
50,933
2020
2019
£
£
64,516
65,580
4,508
3,203
6,355
8,785
51,703
51,555
3,240
448
130,322
129,571
2020
2019
£
£
22,137
29,308
4,317
3,666
2,480
8,631
3,774-
25,000-
14,0004,000
71,708
45,605
2020
2019
£
£
100,000
150,000
49,97574,975
74,000107,000
223,975
331,975

Note 10-1 : Terms of loans

The Diocesan loan is repayable by repayments over a period of 10 years from the advancing of the loan in April 2015, interest is charged at 0.55% over the Diocesan Board of Finance rate, which varies from time to time.

The Methodist Chapel Aid loan is repayable over 10 years by twice yearly repayments of capital. Interest is currently 2.90% variable. The loan can be repaid early without penalty.

The loans from members of the congregation for the building project are interest free and repayable at various dates between 2021 and 2026.

Page 24

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020

11 RESTRICTED AND UNRESTRICTED FUND DETAILS

11(a)Analysis of Net Assets by Fund

11(a)Analysis of Net Assets by Fund
Current Current Long term
Fixed Assets Assets Liabilities Liabilities TOTAL FUNDS
£ £ £ £ £
General fund 990,044 175,943 (71,708) (223,975) 870,304
Designated for Chat-A-Box - 3,631 - - 3,631
Restricted funds - 6,882 - - 6,882
990,044 186,456 (71,708) (223,975) 880,817
11(b)Analysis of Net Assets by Fund - Prior Year
Current Current Long term
Fixed Assets Assets Liabilities Liabilities TOTAL FUNDS
£ £ £ £ £
General fund 993,356 178,353 (45,605) (331,975) 794,129
Designated for Chat-A-Box - 3,631 - - 3,631
Restricted funds - 16,834 - - 16,834
993,356 198,818 (45,605) (331,975) 814,594
12 MOVEMENTS IN UNRESTRICTED FUNDS
12(a) Movements in unrestricted funds current year
At 31st
At 1st January Income Expenditure Transfers December
£ £ £ £ £
General fund 794,129 452,007 (438,718) 62,886 870,304
Designated for Chat-A-Box 3,631 - - - 3,631
797,760 452,007 (438,718) 62,886 873,935
12(b) Movements in unrestricted funds prior year
At 31st
At 1st January Income Expenditure Transfers December
£ £ £ £ £
General fund 770,312 505,866 (557,319) 75,270 794,129
Designated for Chat-A-Box 4,278 9,545 (10,192) - 3,631
774,590 515,411 (567,511) 75,270 797,760

Page 25

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020

13 RESTRICTED FUND DETAILS

13(a) Movements in Restricted funds

vements in Restricted funds
From Redland Chapel Trust:
For Redland Education Centre
For Church insurance
Other
Goulds
Frank Shayi
Mission contingency fund
Redland Education Centre
Youth
Football project
Vicar's Discretionary Fund
Christmas Donations
Leaving gifts
Re:new building project
Charles Mwihambi
Bridget Howard
Glenys Gouldstone
Arabella Paul
Chilongani
Other small items
Easton Family Centre
(Mission Gift Day)
AIM for Rossingtons
(Mission Gift Day)
Charles Mwihambi
(Mission Gift Day)
Diocese of Central Tanganyika
(Mission Gift Day)
Bristol Churches City Fund
(Mission Gift Day)
Bristol Black Carers (Mission
Gift Day)		 Income
Expenditure
Transfers
£
£
£
£
£
-
5,000 -
(5,000) -
2,041
2,443
(2,396) -2,088
-
4,676
(4,661) -15
375
375
(656) -94
363
1,819
(1,544) -638
120 - - -120
9,652
5,000
(19,652)
5,000 -
-
450
(450) --
137 - - -137
536 976 - -1,512
2,445
2,653
(3,445) -1,653
- 277
(277) --
- 62,886 -
(62,886) -
- 2,500
(1,875) -625
120
20
(140) --
120
20
(140) --
120
20
(140) --
- 1,875
(1,875) --
- 5,000
(5,000) --
-
5,000
(5,000) --
-
8,700
(8,700) --
-
10,000
(10,000) --
-
4,000
(4,000) --
-
2,846
(2,846) --
805
3,114
(3,919)--
At 1 January
2020
At 31 December
2020
16,834
129,650
(76,716)
(62,886)
6,882

13(b) Restricted Funds Narrative

A portion of the income of the church has been given on the understanding that it will be spent on specific individuals and/or organisations connected to the church. It is for this reason that these funds are held as restricted funds until they are spent in accordance with the wishes of the donor. The following restricted funds that are held by the church had income or expenditure in excess of £5,000 during 2020.

Redland Chapel Trust Monies donated by the Redland Chapel Trust Redland Education Centre Monies donated to support religious education in schools Easton Family Centre (Mission Gift Day) Monies donated on our annual Mission Gift Day AIM for Rossingtons (Mission Gift Day) Monies donated on our annual Mission Gift Day Charles Mwihambi (Mission Gift Day) Monies donated on our annual Mission Gift Day Diocese of Central Tanganyika (Mission Gift DayMonies donated on our annual Mission Gift Day

Page 26

PAROCHIAL CHURCH COUNCIL OF REDLAND PARISH CHURCH

NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2020

13 RESTRICTED FUND DETAILS (continued)

13(c) Movements in Restricted funds - Prior Year

From Redland Chapel Trust:
For Redland Education Centre
For the Church's insurance
Other
SAMS
Goulds
Frank Shayi
Famine relief in Tanzania
Mission contingency fund
Redland Education Centre
Youth
Football project
Vicar's Discretionary Fund
Christmas Donations
Leaving gifts
Re:new building project
Funeral collection
Uganda Gift day 2015
Charles Mwihambi
Bridget Howard
Glenys Gouldstone
Arabella Paul
Chilongani
OMF(Matumbi)(Mission Gift Day 2018)
CCM (Mission Gift Day)
See Change (Mission Gift Day)
Open Doors (Mission Gift Day)
Release International (Mission Gift Day)
Other small items
Barnabus Fund (Mission Gift
Day)		 Income
Expenditure
Transfers
£
£
£
£
£
-
5,000
-
(5,000)
-
2,004
2,396
(2,359)
-
2,041
-
4,644
(4,644)
-
-
52
-
(52)
-
-
375
375
(375)
-
375
1,063
2,050
(2,750)
-
363
187
-
(187)
-
-
120
-
-
-
120
2,699
13,179
(11,226)
5,000
9,652
-
413
(413)
-
-
137
-
-
-
137
536
-
-
-
536
3,083
2,467
(3,105)
-
2,445
34
-
(34)
-
-
-
75,270
-
(75,270)
-
-
500
(500)
-
-
3,620
-
(3,620)
-
-
250
625
(875)
-
-
120
240
(240)
-
120
120
240
(240)
-
120
120
240
(240)
-
120
938
-
(938)
-
-
9,491
-
(9,491)
-
-
-
5,453
(5,453)
-
-
-
1,551
(1,551)
-
-
-
1,551
(1,551)
-
-
-
1,551
(1,551)
-
-
-
1,551
(1,551)
-
-
547
1,114
(856)
-
805
At 1 January
2019
At 31 December
2019
25,496
120,410
(53,802)
(75,270)
16,834

14 RELATED PARTY TRANSACTIONS

During the year the total donations received from the trustees was £96,383 (2019- £85,530)

Page 27