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2020-12-31-accounts

CHRIST CHURCH WHAPLOAD ROAD LOWESTOFT

ANNUAL REPORT

AND

FINANCIAL STATEMENTS

OF THE

PAROCHIAL CHURCH COUNCIL

FOR THE YEAR ENDED 31 DECEMBER 2020

INDEX TO ACCOUNTS
Page
Legal and Administrative details 2
Minister’s Report 3
Structure Governance and Management 4
Independent Examiner’s Report 5
Statement of Financial Activities 6
Balance Sheet 7
Notes to the Accounts 8 – 14

PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT LEGAL AND ADMINISTRATIVE DETAILS FOR THE YEAR ENDED 31 DECEMBER 2020

Charitable Status

The Parochial Church Council is a charity, Registered Charity Number 1131184.

Connected Charity

The Parochial Church Council is connected with Christ Church Lowestoft Trust, Registered Charity Number 1048325.

The trustees of the Christ Church Lowestoft Trust are four elected members of the congregation of Christ Church Lowestoft and one member of the Parochial Church Council.

Address for Correspondence

Christ Church Administration Herring Fishery Score Lowestoft NR32 1XE

Members of the Parochial Church Council

Jon Carter Samuel Onaiwi Claire Williams Mark Sampson Andrew Timberlake Steve Mahoney Maryann Chiverrell (resigned) Kerry Burwood (resigned) Carelien Martin Peter Williams Angela Nicholls Emma Benson-Smith Pam Hicks Barrie Cossey (replacement) Angus Martin (replacement) Eddie Timberlake (replacement) Jeremy Caborn (co-opted) Georgina Warren (co-opted)

Treasurer

Angus Martin

Secretary

Carelien Martin

Bankers

Barclays Bank PLC 61 London Road North Lowestoft

Independent Examiner (Appointed April 2019)

Gordon Secker 21 Keel Close Carlton Colville Lowestoft NR33 8GT

2

PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT MINISTER’S ANNUAL REPORT FOR 2020

2020 has proved a challenging year for us as a church, but we’ve also learned that if we keep looking to Christ and dying with him daily, then we can trust him with whatever challenges we face. In terms of our activities and services, most continued as normal until mid-March when the COVID-19 pandemic hit and we suddenly had to learn new ways of doing church. We’re thankful for how technology has allowed us to keep the church alive, but we also recognise that online church is at best church on “life-support” and we hunger to return to meeting in person.

The limitations of 2020 might have proved difficult for many of our activities and outreach, but it has also offered new ways we can grow and move forward as a church. Our vision as a church continues to be to reach a new generation for Christ by reaching local families. In many ways, it feels like making progress on that vision has had to be put on hold, but there have been some encouragements. There’s space to mention three.

Our Families Worker, Georgi Warren, had started Messy Church prior to March 2020 and we were encouraged by the potential of this new ministry. What God has led us to because of COVID-19 is to try out the new initiative of Café Church to cater for families in the absence of Sunday morning children’s groups. As a staff team, we are now more excited by the potential of Café Church than Messy Church. We look forward to the day restrictions are lifted and try to build up both ministries. At the heart of our vision to reach local families is well-run all-age church (and food!)

We have tried to make the most of the opportunity of this year to slow down and focus on going deeper with God. In our morning services we have focused on more systematic and deeper teaching. This was especially the case with our sermon series on Ephesians in the first lockdown as we explored what it means to be Christ’s Church in God’s Master Plan. Our major series on 2 Corinthians underlined how genuine Christian ministry is cross-shaped and how God is most powerful in us when we feel most weak. Other series have included Adopted, Acts 24-28, The Sermon on the Mount, and King Hezekiah. In our evening “The Gathering” service our preaching series covered Joel, Zechariah, Psalms, the story of Samson, Ecclesiastes, and the story of Jacob. Our Growth Groups are working through Mark’s Gospel with more in-depth study guides than normal.

We are thankful to Laura Carter and Andy Hicks for their leadership of our youth programme for the first half of 2020. We have since learnt that we were ahead of some of the larger churches in what we were offering for youth during the pandemic. We were very pleased to receive funding to appoint Eddie Timberlake as a new Sports and Youth Worker. We’re excited about the possibilities of a new Sports ministry and await to see that develop in 2021.

We are also thankful for a new weekly lunchtime prayer meeting, praying for the pandemic and also for the future mission and ministry of the church. A church that prays is a church that will bear fruit.

At the same time as encouragements, there have been different ways this has been a painful year for many. We also said final farewells to some of our faithful and much-loved members including Geoff Titlow, Stevie Webb, Jean Plaskett, Margaret Gouldby, Pavlos and Anita Faccas. We hold in our prayers the families and friends of them all.

Jon Carter (Priest-in-Charge) Andrew Timberlake & Claire Williams (Wardens)

3

PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT

STRUCTURE GOVERNANCE & MANAGEMENT

The charity's trustees are the Vicar, Youth Worker, Churchwardens, and elected members of the PCC. The Churchwardens and members of the PCC are elected by the congregation on a regular basis. The PCC is governed by the Church of England regulations and policies.

During 2015 the PCC decided to maintain reserves of approximately 2 months' normal costs plus one month's salary costs on an annual basis. For 2019 this would be approximately £20.000. In 2016 the PCC transferred £5,000 to a designated fund, called Reserves from the General Fund. No similar decision has been made since then. The reserves at the end of 2020 were the unrestricted current assets and liabilities as defined in Note 8 which total £16,214 ( 2019 £34,271).

4

PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT

REPORT TO THE TRUSTEES/MEMBERS OF CHRISTCHURCH, LOWESTOFT ON ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020

CHARITY NUMBER 1131184

I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended 31 December 2020

Responsibilities and basis of report

As the charity’s trustees, 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 Trust’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

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

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.

5

PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT

STATEMENT OF FINANCIAL ACTIVITIES

FOR THE YEAR ENDED 31 DECEMBER 2020

Note
Incoming Resources
Incoming Resources from Donors
2(a)
Other Voluntary Incoming
Resources
2(b)
Incoming Resources from
Operating Activities to Generate
Funds
2(c)
Income from Investments
2(d)
Total Incoming Resources
Resources Expended
Grants
3(a)
Activities Directly Relating to
the Work of the Church
3(b)
Church Management and
Administration
3(c)
Total Resources Expended
Net Incoming/(Outgoing)
Resources
Balance at 1 January 2020 (2019)
Balance at 31 December 2020		 Unrestricted
Funds
£
98,300
1,500
493
60
100,353
8,320
85,153
9,089
102,562
-2,209
90,423
88,214		 Restricted
Funds
£
7,658
76,940
2,230
-
86,828
0
35,539
0
35,539
51,289
33,649
84,938		 Total Funds
2020
£
105,958
78,440
2,723
60
187,181
8,320
120,692
9,089
138,101
49,080
124,072
173,152		 2019
£
105,661
8,735
6,407
0
120,803
7,420
119,888
11,016
138,324
-17,521
144,859
124,072

There are no recognised gains or losses other than those included in the results above, and therefore, no separate statement of total recognised gains and losses has been presented.

The notes set out on pages 8 to 14 form an integral part of these accounts.

6

PAROCHIAL CHURCH COUNCIL CHRIST CHURCH LOWESTOFT

BALANCE SHEET

AS AT 31 DECEMBER 2020

Note
Fixed Assets
Tangible fixed assets
5
Current Assets
Debtors
9
Short term deposits
Cash at bank and in hand
Current Liabilities: Amounts falling
due within one year
10
Net Current Assets
Net Assets
Funds
Unrestricted
6
Restricted
7		 2020
£
72,000
67,744
39,351
3,657
110,752
9,600
101,152
______
173,152
88,214
84,938
173,152		 2019
73,000
49,527
14,291
4,651
68,469
17,397
51,072
______
124,072
90,423
33,649
124,072		 2019
73,000
49,527
14,291
4,651
68,469
17,397
51,072
______
124,072
90,423
33,649
124,072		 73,000
51,072
______
124,072
90,423
33,649
124,072

7

PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1. Accounting policies

(a) Basis of Accounting

The financial statements have been prepared in accordance with the Statement of Recommended Accounting Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Charities Act 2011.

(b) 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.

The accounts 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.

Incoming Resources

Voluntary income and capital sources

Collections are recognised when received by or on behalf of the PCC.

Planned giving receivable under Gift Aid is recognised when the principal amount is received. Income tax recoverable on covenants or gift aid donations is recognised at the same time.

Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due.

Funds raised by events are accounted for gross.

Sales of books and magazines from the church bookstall are accounted for gross.

Other ordinary income

Rental income from the letting of church premises is recognised when the rental is due.

Parochial fees due to the PCC for weddings, funerals etc are accounted for on an event by event basis.

8

PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

1. Accounting policies (continued)

(c) Resources Expended

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

Activities directly relating to the work of the Church

The Diocesan quota or parish share is accounted for when payable. Any quota unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.

(d) Fixed Assets

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property is excluded from the accounts under the Charities Act 2011.

No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be an inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

Other freehold land and buildings

The PCC considers that due to the long useful life of the Church Halls and the fact that they are kept in a good state of repair, any charge for depreciation would be negligible and therefore no provision has been made.

Other fixtures fittings and office equipment

Equipment used within the church premises is depreciated on a straight-line basis over 4 years. Individual items of equipment with a purchase price of £2,000 or less are written off when the asset is acquired.

(e) Current Assets

Amounts owing to the PCC at 31 December 2019 in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible.

Short-term deposits include cash held on deposit either with the Central Board of Finance or at the bank.

9

PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

2. Incoming Resources

Unrestricted
Funds
£
(a)Incoming Resources from Donors
Planned Giving
Gift Aid Donations
77,167
Income Tax
Recoverable
20,000
Other Giving
0
Collections at all Services
357
Sundry Donations
776
98,300
(b)Other voluntary incoming resources
Donations Appeals etc.
1,500
Grants
0
1,500
(c)
Incoming resources from operating
activities
to generate funds and/or defray costs
Church events
0
Church hall lettings
80
Books & Training
materials
413
Fees/Other
0
493
(d)Income from investments
Bank deposit interest
60
Total Incoming Resources
100,353		 Restricted
Funds
£

7,658
0
0
0
0
7,658

74,440

2500
76,940
60
0
0

2,170
2,230
0
86,828		 Total
Funds
2020
£
84,825
20,000
0
357
776
105,958
75,940
2,500
78,440
60
80
413
2,170
2,723
60
187,181		 2019
£
76,082
632
1,369
6,682
20,896
105,661
670
8,065
8,735
1,171
580
130
4,526
6,407
0
120,803

10

PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

3. Resources Used

Grants
Missionary and Charitable
Giving
Missionary Societies
Mission Support
Welfare Grants
Activities directly relating to the
work of the Church
Ministry : Diocesan Share
Clergy Expenses
Youth & sports
worker
Families Worker
Training and Conferences
Church Fellowship Events
Outreach
Upkeep of Services
Church Running Expenses
YC Departments
Fabric & Equipment
Salary of the Organist
Printing and Stationery
Publicity and Community
General Expenses
Diocesan Fees
Church Management and
Administration
Administrator's Salary
Telephone
Total Resources Expended		 Unrestricted
Funds

£
8,320
0
0
8,320
65,629
1,572
0
702
394
57
77
2,131
12,128
36
1,303
0
403
544
177
0
85,153
8,411
678
9,089
102,562		 Restricted
Funds
£
0
0
0
0
0
284
6,786
22,331
360
0
45
623
234
0
2,790
0
1,680
0
0
406
35,539
0
0
0
35,539		 Total
Funds
2020
£
8,320
0
0
8,320
65,629
1,856
6,786
23,033
754
57
122
2,754
12,362
36
4,093
0
2,083
544
177
406
120,692
8,411
678
9,089
138,101		 2019
£
7,188
232
0
7,420
69,934
3,005
0
20,405
1,070
667
967
2,664
8,795
2,163
1,343
450
1,782
371
2,906
3,366
119,888
10,326
690
11,016
138,324

11

PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

4. Staff Costs

aff Costs
2020 2019
£ £
Wages and salaries 40,698 32,232

During the year the PCC employed a Youth Worker, a Families Worker, a cleaner, and an Administrator. No other member of the PCC received any remuneration.

5. Fixed Assets for use by the Church

Tangible fixed assets Freehold land
and buildings
Gross Book of value at 1 January £
and 31 December 2019 72,000

The freehold land and buildings comprise the Church Halls situated at Herring Fishery Score Lowestoft. For accounting purposes, the historical cost of this property is deemed to be its 1994 valuation, and has not been updated.

The Diocese holds the land and buildings on behalf of the Parish as Custodian Trustees. The buildings have not been depreciated for the reasons given on page 9 note 1(e).

Computer Equipment
Additions 2020
Accumulated Depreciation 1 January 2020
Depreciation Charge 2020
Accumulated Depreciation 31 December 2020
Net Book Value at 31 December 2019
Total fixed asset net book value 31 December 2020
Total fixed asset net book value at 31 December 2019
73,000

6. Unrestricted Funds

The income funds of the PCC include the general income fund and designated funds, which have been set aside out of the unrestricted funds by the PCC for specific purposes.

General Fund
Designated Funds
Reserves
Bequests		 2020
£
84,553
5,000
870
88,214		 2019
£
84,553
5,000
870
90,423

12

PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

7. Restricted Funds

The funds of the PCC include restricted funds comprising of the following unexpended balances of donations and grants held on trusts to be applied for specific purposes.

Restricted Funds
Ministry Staff Fund
Youth and Children’s Work
Children’s Benevolent
Overseas Missions
Women's Mission
Ministerial Support
Men's Fellowship
Building incl Fabric,
Windows & Kitchen
Admin/Office
Flowers
Diocesan & Other Fees
Christ Church Trust
Gifts
Discretionary
Vicar's Discretionary		 Balance 31
December
2019
£
14,391
0
1,164
773
119
783
448
12,375
0
48
2,100
10
463
25
950
33,649		 Movement
in
Resources
Incoming
£
72,802
180
0
0
0
0
0
7,928
1,680
0
2,171
2,067
0
0
0
86,828		 Outgoing
£
29,806
0
0
0
0
0
0
3,024
1,680
0
566
0
463
0
0
35,539		 Balance
31
December
2020
£
57,387
180
1,164
773
119
783
448
17,279
0
48
3,705
2,077
0
25
950
84,938

13

PAROCHIAL CHURCH COUNCIL OF CHRIST CHURCH LOWESTOFT

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

8. Analysis of Net Assets by Fund

Fixed Assets
Current Assets
Current Liabilities
Fund Balance		 Unrestricted
Funds
£
72,000
25,814

-9,600
88,214		 Restricted
Funds
£
-
84,938
0
84,938		 Total
£
72,000
110,752
-9,600
173,152
9. Debtors
Income Tax Recoverable
Other Debtors & Prepayments		 2020
£
67,744
0
67,744		 2019
£
47,744
1,783
49,527
10. Liabilities – Amounts falling due within one year
Missions
Diocese
Other
Accruals and Deferred Income		 2020
£
5,800
0
3,800
9,600
 2019
£
5,940
5,437
4,540
15,917

14