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2020-12-31-accounts

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF FOLKESTONE HOLY TRINITY WITH CHRIST CHURCH

ANNUAL REPORT AND FINANCIAL STATEMENTS

YEAR ENDED 31 DECEMBER 2020

Registered Charity No. 1131472

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

ADMINISTRATIVE INFORMATION

Incumbent The Reverend R P Weldon TSSF 21 Manor Road Folkestone Kent Charity Number 1131472 Governing document Parochial Church Council Powers Measure (1956) as amended and Church Representation Rules.

Bankers Royal Bank of Scotland
Drummond House
Redheughs Avenue
Edinburgh
EH12 9RH
HSBC
41 Sandgate Road
Folkestone
Kent
Inspecting Architect Andrew C Clague RIBA
62 Burgate
Canterbury
Kent
Independent Examiner M Wilkes FCA
Azets Audit Services
5th Floor
Ashford Commercial Quarter
1 Dover Place
Ashford
Kent TN23 1FB

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

CONTENTS

Page
Trustees' Report 1 - 3
Independent Examiner's Report 4
Statement of Financial Activities 5
Comparable Statement of Financial Activities 6
Balance Sheet 7
Notes to the Financial Statements 8 - 12

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

TRUSTEES' REPORT

__________________

The Trustees present their annual report and financial statements for the year ended 31 December 2020. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) ‘Accounting and Reporting by Charities’ (FRS 102) in preparing the annual report and financial statements of the charity.

The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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 Republic of Ireland published on 16 July 2014 as amended by Bulletin 1

Aims and Purposes

Holy Trinity PCC has the responsibility of co-operating with the Incumbent, in promoting in the ecclesiastical parish, within the Trinity Benefice, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the Church building of Holy Trinity Church, Sandgate Road, Folkestone, and the church hall at the same address.

Objectives and Activities

The PCC is committed to drawing as many people as possible into worship at our church, and to working together with individuals and organisations in the community for the common good and furtherance of our common goals and values. The PCC maintains an overview of worship, outreach, ministry and mission.

When planning activities for the year, consideration is given to the Charity Commission’s guidance on public benefit and, in particular, the specific guidance to charities for the advancement of religion. In particular, we try to enable people to live out their faith as part of our parish through: Worship and prayer; learning about the Gospel; developing their knowledge and trust in Jesus, provision of pastoral care for people living in the parish, Missionary and outreach work.

Public benefit statement

The trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Trust’s aims and objectives and, in planning future activities.

Worship Prayer and Mission

The PCC is keen to offer a range of services during the week and over the course of the year that our community find both beneficial and spiritually fulfilling. Each Sunday a service of Holy Communion is celebrated at 8am, whilst at 10.30am there is a service of Holy Communion (sometimes followed by healing ministry). Evensong is sung every Sunday evening at 6.30pm.

There is a regular weekday communion service on Friday at 11.30am. Morning Prayer is said in the church at 8.30am on Monday, Wednesday, Friday and Saturday. Evening Prayer is said at 5pm on Monday, Wednesday and Friday. The church holds a weekly service for pre-school children together with their parents or carers on a Wednesday afternoon during term time.

All are welcome to attend our regular services. As well as our regular services, we enable our community to celebrate and thank God at the milestones of the journey through life, including Baptism, marriage and funeral services. During 2020 there were 1 Baptism, 1 Wedding, and 3 Funerals with an additional 13 funeral services taken at crematorium.

It will be appreciated that the above activities have been curtailed during the year because of Covid-19 restrictions.

Vicar’s Annual Report 2020 by Revd. Bob Weldon

This is not an easy report to write, given the challenging year we have experienced. Please forgive me for not being able to verbalise everything perhaps as it should be. I will use a few headings as you will see below.

Those who have gone before us

It is hard to write this section without a tear coming to my eye. So many of us have lost someone close to us, such are the effects of the pandemic. Our church communities will never be the same. What I have witnessed is that the terrible events have brought out the best in us. A magnificent Ministry Team who have conducted so many difficult funerals. A magnificent group of church wardens and community who have done so much to support those in distress. I just hope that the recorded service ‘for those who have gone before us’ , in January, has brought some comfort. It is too easy to run out of things to say. All I know is that we are a magnificent group of people in our three churches who have experienced God’s Love and really care for each other.

I want to thank all those who have made contributions and those who pray and care for everything in this area. We remain receptive to ideas for raising income.

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PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

TRUSTEES' REPORT

____________ Pastoral

Within our Benefice, so many people have done so much to support others. It would be wrong to single out anything. But safe to say, many phone calls have been made, many letters have been written, many emails and texts sent. A great many people have done shopping and collected prescriptions for those who are isolated. I am aware that there are some who do not use social media, and so much has been done in all three churches, such as delivering the parish magazine. The Ministry Team have offered reflections, virtual services, home groups by Zoom, Thoughts for the Day and other offerings. We can never do enough, but I get the sense we have done our best.

General

It is an honour and a privilege to be the Vicar of the Trinity Benefice. We face many challenges to come. We are all in this together, and we have to stand together. If we do this, the Trinity Benefice will survive. Let’s continue to support each other as sisters and brothers. Fiona and I feel blessed to be here in Folkestone.

Financial Review 2020

Income for the year amounted to £109,998 (2019: £310,794). Expenditure for the year amounted to £116,606 (2019: £118.042). This resulted in a deficit of £6,608 (2019: surplus £192,752).

Restricted funds at 31 December 2020 amounted to £12,476 (2019 £13,913) relating to legacies and donations for specific purposes.

Designated funds at 31 December 2020 amounted to £165,547 (2019: £178,220) and relate to funds set aside for future expenditure.

Unrestricted funds at 31 December 2020 amounted to £104,436 (2019 £96,934).

Pay policy for key management personnel

The trustees consider the boards of trustees as the key management personnel of the charity in charge of directing and controlling, running and operating the PCC on a day to day basis.

Plans for the future

Projects agreed or under consideration for 2020 and beyond include further improvements to security of the church building and further major repairs recommended by the quinquennial report. The church building will require substantial reroofing within the next few years. Initial surveys have taken place and steps are being taken to raise the necessary funds.

Reserve Policy

It is the desired policy of Holy Trinity Church PCC to keep £25,000 in reserve for unforeseen emergency repairs to the fabric of the building. Unrestricted funds at 31 December 2020 amounted to £104,436 (2019: £96,934). In addition the PCC will set aside £2,000 annually to cover quinquennial costs, to be ring-fenced within the Quinquennial Sinking Fund.

The PCC is also committed to giving an additional sum to Mission which will not exceed the total interest received on the Legacy Fund.

Major Risks

The PCC reviews the activities of the parish and considers the major risks that may arise from time to time. The major risks identified in the process have been assessed and satisfactory systems established to mitigate the risks. The PCC will continue to review the risks on an on-going basis.

Going Concern

Owing to the temporary closure for public worship by the Church of England of all its churches arising from the Covid-19 crisis, giving and other income have continued to be curtailed during the early part of 2021. Covid-19 continuing to impact upon the finances of the charity. In 2020 it was necessary to use reserves to cover the loss of income and for the future a number of measures have been taken to restore and improve income from giving, hire of buildings and all other fundraising sources. The trustees are of the opinion that these measures are sufficient, taking into account the current level of reserves, for the charity to be able to continue as a going concern. Nevertheless we are confident that our substantial reserves are more than sufficient to finance the income shortfall in the medium term. Please see note 1.7 to these financial statements.

Administrative information

Holy Trinity is situated in Sandgate Road, Folkestone and is one of three parishes in the Trinity Benefice, Folkestone; the other two parishes are St. Paul’s, Sandgate and St. George’s West Folkestone. It is part of the Diocese of Canterbury within the Church of England, and is in the Elham Deanery. The correspondence address is (The PCC Secretary), 21 Manor Road, Folkestone CT20 2SA and the administrative address is St. George’s Church, 8 Audley Road, Folkestone, Kent.CT20 3QA.

The Parochial Church Council (PCC) is a charity registered with the Charity Commission, number 1131472.

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE TRUSTEES. REPORT PCC members are:_ ar Benefice Priest Benefice Priest The Revd. Robert Pri￿ Weldon The Revd. Roger Smith The Revd. Kate McNei Chairman Readers Mr Charfes Lewis Mrs Janette Smith Authorised Lay Minister Mrs Fiona Weldon PCC Secretary Wardens.. Mr Brian Higgleton Warden Eme17ta Mrs. Sarah Bristow Deanery Synod Mr Charles Lewis Mr Tim Parsons Mr Denis Dadson Elected Members Mrs Alison Chambers Ms Michelle Fletcher Mr Michael Gilham Mr Tim Parsons Mrs Christine Schilder Mr Paul Seward Mrs Heather Sutherland Mr David Troke Mrs Hilary Tolputt Ctropted Members None Treasurer Mr Denis Dadson Structure, Governance and Management j The method of appointment of PCC membets is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stsnd for election to the PCC. Independent Examiner On 7 September 2020 Group Audit servI￿s Limited trading as Wilkins Kennedy Audit Services changed its name to Azets Audit Serviw Limited. The name they practi￿ under is Azets Audit Services and accordingly they have signed their report in their new name. Trustees, Responsibilities The trustees are responsible for preparing the Trustees, Annual Report and the financial ststements in accordance with applicable law and United Kingdom Accounting StarKlards (United Kingdom Generally Accepted Accounting Practi￿). The law applicable to charities in England & Wales requires the trustees to prepare financial ststements for each finanaal year ￿1¢h give a true and fair view of the state of affairs of the tharity and of the incoming resources and application ol resources of the charity for that period. In preparing these finanaal statements, the trustees are required to: select suitable accounting policies and then appty them consistently observe the methods and principles in the Charities SORP 2015 (FRS 102) make judgements and estimates that are ￿asOnable and prudent stale whether applicable accounting standards have been followed, subject to any material departures disdosed and explained in the financial slatements prepare the finanaal statements on the going COn￿M basis unless it is inappropriate to presume that the charity will continue in operation The trustees are responsible for keeping proper accounting records that disdose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial ststements comply with the Charities Act 2011, the Chaiity (Accounts & Reports) Regulations 2008 and the provisions of the trust deed. They are also responsible for safeguarding the assets of the charity and hence for tsking ￿asOnable steps for the prevention and detection of fraud and other irregularities. In approving the Trustees, Annual Report we also approve the Strategic Report induded therein, in our capaoty as trustees. Signed on behalf of the PCC Revd Robert Price Weldon Chainnan Ill',1 Qild21,

INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

I report to the charity trustees on my examination of the accounts for the year ended 31 December 2020, which are set out on pages 5 to 12

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 charity's accounts carried out in accordance with the Church Accounting Regulations 2006 ("the Regulations") and under section 145 of the 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 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 in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair view' which is not a matter considered as part of an independent examination.

I have no such 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.

Signed: M Wilkes FCA Azets Audit Services Chartered Accountants Ashford Commercial Quarter 1 Dover Place Ashford, Kent TN23 1FB Date 24 May 2021

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2020

2020 2020 2019
Notes Unrestricted Designated Restricted Total Total
Funds Funds Funds Funds Funds
£ £ £ £ £
INCOME FROM
Donations and legacies 2a 96,094 - 2,400 98,494 281,258
Investment income 2b 378 638 4 1,020 1,990
Income from charitable and
ancillary trading 2c 7,101 - - 7,101 27,546
Government Grant - CJRS 2d 3,384 - - 3,384 -
TOTAL INCOME 106,957 638 2,404 109,999 310,794
EXPENDITURE ON:
Charitable activities 3
Parish share 42,542 - - 42,542 42,383
Mission and charities 530 - - 530 2,331
Other ordinary running costs 50,600 823 3,474 54,897 68,412
Exceptional costs 6,150 12,488 - 18,638 4,916
TOTAL EXPENDITURE 99,822 13,311 3,474 116,607 118,042
NET INCOME BEFORE
TRANSFERS 7,135 (12,673) (1,070) (6,608) 192,752
Transfer between funds 367 - (367) - -
NET MOVEMENTS IN FUNDS 7,502 (12,673) (1,437) (6,608) 192,752
RECONCILIATION OF FUNDS
BALANCES
BROUGHT		 FORWARD
AT 1 JANUARY 2020 96,934 178,220 13,913 289,067 96,315
BALANCES CARRIED FORWARD AT
31 DECEMBER 2020 104,436 165,547 12,476 282,459 289,067

.

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PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2019

Notes
Unrestricted
Designated
Restricted
Total
Funds
Funds
Funds
Funds
£
£
£
£
INCOME FROM
Donations and Legacies
2a
275,045
3,310
2,903
281,258
Investment Income
2b
1,041
204
745
1,990
Income from charitable and
ancillary trading
2c
27,546
-
-
27,546
TOTAL INCOME
303,632
3,514
3,648
310,794
EXPENDITURE ON:
Charitable activities
3
Parish Share
42,383
-
-
42,383
Mission and charities
2,331
-
-
2,331
Other ordinary running costs
64,139
-
4,273
68,412
Exceptional costs
-
-
4,916
4,916
TOTAL EXPENDITURE
108,853
-
9,189
118,042
NET INCOME BEFORE
GAINS / LOSSES ON
194,779
3,514
(5,541)
192,752
Unrealised gain / (loss) on
investment
6
-
-
-
-
Realised gain / (loss) on investment
-
-
-
-
NET INCOME BEFORE
TRANSFERS
194,779
3,514
(5,541)
192,752
Transfer between funds
(125,967)
135,967
(10,000)
-
NET MOVEMENTS IN FUNDS
68,812
139,481
(15,541)
192,752
RECONCILIATION OF FUNDS
28,122
38,739
29,454
96,315
96,934
178,220
13,913
289,067
2019
BALANCES
BROUGHT
FORWARD
AT 1 JANUARY 2019
BALANCES CARRIED FORWARD AT
31 DECEMBER 2019		 2018
Total
Funds
£
80,873
447
28,141
109,461
40,417
3,537
68,186
27,773
139,913
(30,452)
(11)
(30,463)
-
(30,463)
126,778
96,315

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE BALANCE SHEET AS AT 31 DECEMBER 2020 2020 Notes Unrestricted Designated Restricted Funds Funds Funds Total Funds Total Funds CURRENT ASSETS Debtors & Prepayments Bank and Cash Balances 57,977 53,359 2,400 10,076 60,377 231,430 5,216 290,487 167,995 111,336 167,995 12,476 291,807 295,703 CREDITORS: amounts falling due within 1 year Other creditors 6,900 6,900 2,448 2,448 9,348 9,348 6,636 6,636 NET CURRENT ASSETS 104,436 165,547 12,476 282,459 289,067 NET ASSETS 104,436 165,547 12,476 282,459 289,067 PARISH FUNDS General Fund Legacy Fund Roof Fund Hall Refurbishment Fund Organ Fund Quinquennial Sinking Fund 10 4,702 4,702 135,371 114,014 1,857 131,788 125,982 367 853 28,220 289,067 9110 10 25,000 113,032 10,637 982 10 10 857 857 10 27,515 165,547 27,515 282,459 104,436 12,476 Approved by the Parochial Church Council on 19 May 2021 and signed on its behalf by: B Higgleton (Church Warden) D Dadson (Hon Treasurer)

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1 ACCOUNTING POLICIES

1.1 Basis of preparation

The Parochial Church Council of Holy Trinity with Christ Church Folkestone is a registered charity in England and Wales. The address of the registered office is given in the charity information on page 1 of these financial statements. The nature of the charity's operations and principal activities are committed to drawing as many people as possible into worship at our church and to working together with individuals and organisations in the community for the common good and furtherance of our common goals and values. The PCC maintains an overview of worship, outreach, ministry and mission.

The charity constitutes a public benefit entity as defined by FRS102

The accounts (financial statements) have been prepared in accordance with the Church Accounting Regulations 2006 together with the Statement of Recommended 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) issued on 16 July 2014 as amended by bulletin 1 and the Financial Reprting Standard applicable in the United Kingdom and Republic of Ireland (FRS102) and the Charities Act 2011 and the UK Generally Accepted Practice effective from 1 April 2015

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 the Republic of Ireland (FRS102) issued on 16 July 2014.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain items at fair value. The financial statements are prepared in sterling which is the functional currency of the charity.

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

1.2 Funds accounting

Unrestricted Funds represent funds of the PCC that are not subject to restrictions regarding their use. In particular these consist of the General Fund which is used for the day to day purposes of the PCC and that part of the Legacy Fund which is not restricted by the terms of individual wills. Funds designated by the PCC are also unrestricted.

Restricted Funds are funds that can only be used for particular restricted purposes within the objects of the charity. Restriction arises when specified by the donor or when funds are raised for particular restricted purposes.

The Designated Fund balance has been represented to ensure that fund balances stated accurately reflect the designation policy adopted by the trustees.

1.4 Expenditure recognition

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs to that category. Expenditure is recognised where there is a legal or constructive obligation to make payments to third parties, it is probable that the settlement will be required and the amount of the obligation can be measured reliably.

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1 ACCOUNTING POLICIES - CONTINUED

1.5 Fixed assets

Consecrated Land and Buildings and Moveable Church Furnishings

Consecrated and beneficed property is excluded from the accounts by s10 Charities Act 2011. No value is placed on moveable church furnishings held by the church wardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated beneficed buildings and moveable church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities and separately disclosed.

Other Fixtures Fittings and Office Equipment

Equipment used within church premises is written off in the year of acquisition.

1.6 Tax

The charity is an exempt charity within the meaning of schedule 3 of the Charities Act 2011 and is considered to pass the tests set out in Paragraph 1 Schedule 6 Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes

1.7 Going concern

The Trustees have assessed whether the use of the going concern assumption is appropriate in preparing these financial statements. This assessment has been made in respect of a period of at least one year from the date of approval of these financial statements. Covid-19 is likely to continue to have a significant impact on the finances of the charity. Income during 2021 remains under pressure owing to the continued closure of church buildings during the early part of the year and may remain so during the gradual return of the ability to generate income as and when national or regional lockdowns are eased. The charity is mitigating the loss of income as far as possible, commensurate with ensuring the charity's ongoing worship and outreach responsibilities and by continuing to take advantage of the Coronavirus Job Retention Scheme by placing employees on furlough. In 2020 it was necessary to use reserves to cover the loss of income and for the future a number of measures have been taken to restore and improve income from giving, hire of buildings and all other fundraising sources. The trustees are of the opinion that these measures are sufficient, taking into account the current level of reserves, for the charity to be able to continue as a going concern.

1.8 Judgements and key sources of information uncertainty

Accounting estimates and judgements are continually evaluated and are based on historical experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances. No judgements or key assumptions were made in the preparation of the accounts

2 Income from

Income from
Unrestricted
Designated
Restricted
Funds
Funds
Funds
Total
£
£
£
£
a.
Voluntary income
Planned Giving
30,697
-
-
30,697
Gift Aid
7,481
-
-
7,481
Open Plate Collections
1,647
-
-
1,647
Gifts, Donations and Miscellaneous
448
-
2,400
2,848
Legacies
55,483
-
-
55,483
Mission & Links
340
-
-
340
Organ Fund Donations
-
-
-
-
96,096
-
2,400
98,496
b.
Investments, Dividends and Interest
376
638
4
1,018
c.
Charitable and Ancillary Income
Hire of Church Hall
895
-
-
895
Hire of Church
1,390
-
-
1,390
Fundraising
1,363
-
-
1,363
Fees
3,453
-
-
3,453
7,101
-
-
7,101
d.
Government Grant - CJRS
3,384
3,384
Total income
106,957
638
2,404
109,999
2020		 2019
Total
£
35,085
10,088
5,843
6,052
223,310
695
185
281,258
1,990
10,578
6,215
-
7,388
24,181
-
307,429

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

3
Analysis of expenditure
Cost of charitable activities
Parish share
Parish Share
Missions and charities
Missions and charities
Other ordinary running costs
Contribution to Joint Benefice
Payroll costs
Music
Church Fees
Church Hall running costs
Heat, light and water
Telephone and Broadband
Insurance
Publicity, postage IT and stationery
Maintenance of buildings and fabric
Maintenance of grounds
Organ and piano maintenance
Service expenses
Income Generation Costs
Licences
Miscellaneous expenses
Accountancy
One off maintenance/restoration costs
Lights and Boiler in Hall
Architect Fees - Roof Replacement
Total expenditure		 Direct
Costs
Support
Costs
Staff
Costs
Total
£
£
£
£
42,542
-
-
42,542
530
-
-
530
9,516
-
-
9,516
-
-
9,798
9,798
8,429
-
-
8,429
573
-
-
573
1,252
-
-
1,252
-
6,311
-
6,311
-
304
-
304
-
5,016
-
5,016
-
593
-
593
-
7,607
-
7,607
-
1,706
-
1,706
-
300
-
300
452
-
-
452
299
-
-
299
442
-
-
442
1,189
-
-
1,189
.
1,110
-
1,110
22,152
22,947
9,798
54,897
6,150
-
-
6,150
12,488
-
-
12,488
18,638
-
-
18,638
83,862
22,947
9,798
116,607
2020		 2019
Total
£
42,383
2,330
9,420
11,718
7,781
2,872
1,780
8,959
477
4,215
1,455
12,560
1,607
939
854
1,900
311
544
1,020
68,412
-
4,916
4,916
118,041

4 Staff Costs

The average number of employees during the year was 1 (2019: 1).

Trustees received no remuneration during the year for their duties as trustees (2019: None).

No expenses were reimbursed relating to general day to day running costs such as postage and meeting expenses (2019: nil).

The trustees consider the board of trustees as the key management personnel of the charity in charge of directing and controlling, running and operating the PCC on a day to day basis. As detailed above, no trustees received remuneration for acting as trustees during the period.

6 Debtors
Debtors
Debtors
Prepayments		 2020
£
59,605
772
60,377		 2019
£
4,444
772
5,216

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PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

7
Creditors
Wedding deposits
Other creditors
8
Unrestricted funds - 2020
Unrestricted funds
General Fund
Legacy Fund (part)
Designated funds
Legacy Fund (part)
Roof Fund (Part)
Quinquennial Sinking Fund
Unrestricted funds - 2019
Unrestricted funds
General Fund
Legacy Fund (part)
Designated funds
Legacy Fund (part)
Roof Fund
Quinquennial Sinking Fund		 2020
£
4,015
5,332
9,347
Balance
brought
forward
Income
Expenditure
Transfer
between
funds
£
£
£
£
1,857
53,497
(93,802)
43,150
95,077
55,859
(8,419)
(42,783)
25,000
-
-
-
125,000
519
(12,487)
-
28,220
119
(824)
-
275,154
109,994
(115,532)
367
Balance
brought
forward
Income
Expenditure
Transfer
between
funds
£
£
£
£
10,035
85,005
(103,344)
10,161
18,087
221,027
(7,909)
(136,128)
12,723
3,310
8,967
-
-
-
125,000
26,016
204
-
2,000
66,861
309,546
(111,253)
10,000		 2019
£
2,215
4,420
6,635
Balance
carried
forward
£
4,702
99,734
25,000
113,032
27,515
269,983
Balance
carried
forward
£
1,857
95,077
25,000
125,000
28,220
275,154

Designated Funds Legacy Fund (part) Roof Fund (part)

Quinquennial Sinking Fund

This fund represents legacies received that are for no specific purpose but which have been set aside by the trustees towards future emergency use

This fund represents part of a legacy received that was for no specific purpose but which has been allocated by the trustees towards the roof replacement This fund represents amounts set aside by the trustees towarrds the cost of maintenance work recommended periodically by quinquennial reports required by Canterbury Diocese

Restricted funds - 2020
Legacy Fund (part)
Organ Fund
Verger Fund
Hall Refurbishment Fund
Roof Fund
Restricted funds - 2019
Legacy Fund (part)
Organ Fund
Verger Fund
Hall Refurbishment Fund
Roof Fund		 Balance
brought
forward
Income
Expenditure
Transfer
between
funds
£
£
£
£
11,712
-
(1,075)
-
853
4
-
-
-
2,400
(2,400)
-
367
-
-
(367)
982
-
-
-
13,914
2,404
(3,475)
(367)
Balance
brought
forward
Income
Expenditure
Transfer
between
funds
£
£
£
£
23,521
-
(1,810)
(10,000)
663
190
-
-
-
2,400
(2,400)
-
819
-
(63)
(389)
4,451
1,058
(4,916)
389		 Balance
carried
forward
£
10,637
857
-
-
982
12,476
Balance
carried
forward
£
11,711
853
-
367
982
29,454
3,648
(9,189)
(10,000)		 13,913

9 Restricted funds - 2020

The Verger Fund represents donations received that are specifically towards the costs of employing a verger

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

10 continued

Legacy Fund This fund represents legacies received that are for a specific purpose and restricted in accordance with the terms of the will. See accounting policy note 1.2. Organ Fund This fund was established to provide major refurbishments and is not to cover routine maintenance or general running costs. Hall Refurbishment Fund This fund was established to provide for refurbishment and redecoration of the church hall and kitchen. Roof Fund It is considered that major repairs or possible replacement of the church roof will be needed in the foreseeable future and this fund was set up to receive donations and other finance towards this project.

11 Analysis of net assets between funds - 2019

lysis of net assets between funds - 2019
Current Assets
Current Liabilities		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
£
£
£
£
102,700 178,220 14,783
295,703
(5,766)
(870)
(6,636)
96,934 178,220 13,913
289,067

12 Capital Commitments

There were no capital commitments as at 31 December 2020 (2019: Nil)