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2021-12-31-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 2021

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
CCLA
Senator House
85 Queen Victoria Street
London
EC4V 4ET
Inspecting Architect Clague Architects
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 - 4
Independent Examiner's Report 5
Statement of Financial Activities 6
Comparable Statement of Financial Activities 7
Balance Sheet 8
Notes to the Financial Statements 9 - 13

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 2021. 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.

Where necessary for context, this report also reflects the work of the Trinity Benefice, of which Holy Trinity Church is a member.

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. “This section reflects the work of The Trinity Benefice, of which Holy Trinity Church is a part and should be read with that in mind”.

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, and Friday. All weekly term-time services for pre-school children together with their parents or carers, previously held at Holy Trinity Church, have been amalgamated with the other churches within the Trinity Benefice and are now held at St Paul's Sandgate.

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 2021 there were 6 Baptisms, 11 Weddings, 1 Wedding Blessing, and 4 Funerals with an additional 11 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 2021 by Revd. Bob Weldon

Again as I said last year, a difficult report to write is we still face some stiff challenges.

Ministry Team and Pastoral

I am privileged to lead such a magnificent ministry team, who again have had to take some difficult funerals. I am pleased to say that we have commissioned two new Authorised Lay Ministers. Another minister has reached the final interview stage of the discernment towards Ordained Ministry. Bishop Rose commissioned two Anna Chaplains in our Benefice. These have a pastoral ministry towards people with challenges, particularly older people. We have been able to run a café club each month called The Twirly Club. As well as our wonderful ministry team, so many have done so much to support others. Our church community has lived out a community spirit as sisters and brothers.

Community Events

We have been blessed to have been able to run many community events which have been well attended for a good crosssection of the Benefice and other welcomed guests. One of the highlights was Bishop Rose giving the address at our Benefice Breakfast in December. We were able to send £500 to the Bishop’s Advent Justice Appeal. We owe a great debt of gratitude to those that made this happen.

-1-

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

TRUSTEES' REPORT

_________________

Services

Whilst we have been able to offer a full range of services this year, sadly a great number are still a bit concerned about attending church. Their views are to be respected. Each church has done a great job to keep the environment safe. We have conducted many joyful weddings and baptisms, many of which are catch-ups from 2020. Sadly we have also conducted many funerals.

Income and Expenditure

The decrease in attendance has affected our income, and expenditure continues to rise. We all really care about our church buildings and that is evident from the many conversations I have had.

Those who have gone before us

I find this section so hard to write. We have lost so many wonderful brothers and sisters who were stalwarts of our three churches. Sadly we were able to only offer a recorded service for “Those who have gone before us”. I am pleased to say that on Sunday 16[th] January, 2022, we can again offer a live service. What has come across to me is how much we love and care for each other.

External Matters

Around September 2020, Napier Barracks was opened to house refugees. We have been able to offer a chaplaincy service at the Barracks, and run a drop-in centre at St Paul’s church hall, Sandgate. I am grateful for the support of the community. I believe we are really answering God’s Call in the matter.

General

Fiona and I will shortly have completed six years in this ministry, and we still feel privileged to be here. Let us continue in the same wonderful way supporting each other.

Financial Review 2021

Income for the year amounted to £84,740 (2020: £109,999). Expenditure for the year amounted to £101,962 (2020: £116,607). This resulted in a deficit of £17,222 (2020: £6,608). Restricted funds at 31 December 2021 amounted to £13,672 (2020 £12,476) relating to legacies and donations for specific purposes. Designated funds at 31 December 2021 amounted to £202,422 (2020: £165,547) and relate to funds set aside for future expenditure. Unrestricted funds at 31 December 2021 amounted to £49,143 (2020 £104,436).

Pay policy for key management personnel

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.

Plans for the future

Projects agreed or under consideration for 2022 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 £50,000 in reserve for unforeseen emergency repairs to the fabric of the building. Unrestricted funds including designated funds at 31 December 2021 amounted to £251,565 (2020: £269,983).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.

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 is likely to continue to have a significant impact on the finances of the charity. In 2021 it was again necessary to use reserves to cover the loss of income and for the future a number of measures are being put into place to restore and improve income from giving, hire of buildings and all other sources and fundraising events. 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.

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

TRUSTEES' REPORT

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.

PCC members are:-
Vicar The Revd. Robert Price Weldon Chair
Benefice Priest The Revd. Roger Smith
Benefice Priest The Revd. Kate McNeice
Readers Mr Charles Lewis
Mrs Janette Smith
Authorised Lay Minister Mrs Fiona Weldon
Wardens: Mr Brian Higgleton Vice-Chair
Mr Michael Gilham
Warden Emerita Mrs. Sarah Bristow
Deanery Synod Mr Charles Lewis
Mr Tim Parsons
Mr Denis Dadson
Elected Members Mrs Alison Chambers
Ms Michelle Fletcher
Mr Tim Parsons
Mrs Christine Schilder
Mrs Heather Sutherland
Mr David Troke
Mr Charles Lewis
Mrs Hilary Tolputt
Co-opted Members None
PCC Secretary Mrs Wendy Parsons
Treasurer Mr Denis Dadson

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 stand for election to the PCC.

Trustees’ Responsibilities

The trustees are responsible for preparing the Trustees’ Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity for that period. In preparing these financial statements, the trustees are required to:

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

TRUSTEES' REPORT

The trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (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 taking reasonable steps for the prevention and detection of fraud and other irregularities.

In approving the Trustees’ Annual Report we also approve the Strategic Report included therein, in our capacity as trustees.

Signed on behalf of the PCC

Revd Robert Price Weldon

Chair 3 April 2022

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 2021, which are set out on pages 6 to 13

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 19 April 2022

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2021

Notes
Unrestricted
Designated
Restricted
Total
Funds
Funds
Funds
Funds
£
£
£
£
INCOME FROM
Donations and legacies
2a
65,584
-
3,236
68,820
Investment income
2b
62
75
-
137
Income from charitable and
ancillary trading
2c
14,423
-
-
14,423
Government Grant - CJRS
2d
1,360
-
-
1,360
TOTAL INCOME
81,429
75
3,236
84,740
EXPENDITURE ON:
Charitable activities
3
Parish share
42,948
-
-
42,948
Mission and charities
1,260
-
-
1,260
Other ordinary running costs
53,514
2,200
2,040
57,754
Exceptional costs
-
-
-
-
TOTAL EXPENDITURE
97,722
2,200
2,040
101,962
NET INCOME BEFORE
TRANSFERS
(16,293)
(2,125)
1,196
(17,222)
Transfer between funds
8
(39,000)
39,000
-
-
NET MOVEMENTS IN FUNDS
(55,293)
36,875
1,196
(17,222)
RECONCILIATION OF FUNDS
104,436
165,547
12,476
282,459
49,143
202,422
13,672
265,237
2021
BALANCES CARRIED FORWARD AT
31 DECEMBER 2021
BALANCES
BROUGHT
FORWARD
AT 1 JANUARY 2021		 2020
Total
Funds
£
98,494
1,020
7,101
3,384
109,999
42,542
530
54,897
18,638
116,607
(6,608)
-
(6,608)
289,067
282,459

.

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

STATEMENT OF FINANCIAL ACTIVITIES YEAR ENDED 31 DECEMBER 2020

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

.

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

BALANCE SHEET AS AT 31 DECEMBER 2021

Notes
CURRENT ASSETS
Debtors & Prepayments
6
Bank and Cash Balances
CREDITORS: amounts falling due
within 1 year
Other creditors
7
NET CURRENT ASSETS
NET ASSETS
PARISH FUNDS
General Fund
8
Legacy Fund
8/9
Roof Fund
8/9
Organ Fund
9
Quinquennial Sinking Fund
8/9		 Unrestricted Designated
Restricted
Total
Funds
Funds
Funds
Funds
£
£
£
£
2,033
-
-
2,033
54,148
202,422
13,672
270,242
56,181
202,422
13,672
272,275
7,038
-
-
7,038
7,038
-
-
7,038
49,143
202,422
13,672
265,237
49,143
202,422
13,672
265,237
434
-
-
434
48,709
50,000
10,397
109,106
-
113,091
1,768
114,859
-
-
857
857
-
39,331
650
39,981
49,143
202,422
13,672
265,237
2020		 2020
Total
Funds
£
60,377
231,430
291,807
9,348
9,348
282,459
282,459
4,702
135,371
114,014
857
27,515
282,459

Approved by the Parochial Church Council on 3 April 2022 and signed on its behalf by:

M Gilham (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 2021

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 a will, 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.

1.3 Income recognition

1.4 Expenditure recognition

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

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 continuing to impact on the finances of the charity. The recent relaxation of Covid related restrictions has presented the opportunity to restore income as normal usage of church buildings returns. Further measures are being planned for the restoration and improvement of income from all sources, including regular giving, donations, hire of buildings, musical events and all other fundraising activities. 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.

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

Income from
a.
Voluntary income
Planned Giving
Gift Aid
Open Plate Collections
Gifts, Donations and Miscellaneous
Legacies
Mission & Links
b.
Investments, Dividends and Interest
c.
Charitable and Ancillary Income
Hire of Church Hall
Hire of Church
Fundraising
Fees
Miscellaneous
d.
Government Grant - CJRS
Total income		 Unrestricted
Designated
Restricted
Funds
Funds
Funds
Total
£
£
£
£
33,138
-
-
33,138
11,223
-
-
11,223
2,089
-
-
2,089
14,001
-
3,236
17,237
5,000
-
-
5,000
133
-
-
133
65,584
-
3,236
68,820
62
75
-
137
1,600
-
-
1,600
2,030
-
-
2,030
3,629
-
-
3,629
7,084
-
-
7,084
80
-
-
80
14,423
-
-
14,423
1,360
-
-
1,360
81,429
75
3,236
84,740
2021		 2020
Total
£
30,697
7,481
1,647
2,848
55,483
340
98,496
1,018
895
1,390
1,363
3,453
-
7,101
3,384
109,999
.

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

3
Analysis of expenditure
Cost of charitable activities
Parish share
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
£
£
£
£
42,948
-
-
42,948
1,260
-
-
1,260
9,600
-
-
9,600
-
-
8,152
8,152
8,646
-
-
8,646
3,183
-
-
3,183
1,176
-
-
1,176
-
6,321
-
6,321
-
577
-
577
-
4,583
-
4,583
-
1,087
-
1,087
-
6,966
-
6,966
-
2,417
-
2,417
-
972
-
972
633
-
-
633
886
-
-
886
267
-
-
267
488
-
-
488
.
1,800
-
1,800
24,879
24,723
8,152
57,754
-
-
-
-
-
-
-
-
-
-
-
-
69,087
24,723
8,152
101,962
2021		 2020
Total
£
42,542
530
9,516
9,798
8,429
573
1,252
6,311
304
5,016
593
7,607
1,706
300
452
299
442
1,189
1,110
54,897
6,150
12,488
18,638
116,607

4 Staff Costs

The average number of employees during the year was 1 (2020: 1).

Trustees received no remuneration during the year for their duties as trustees (2020: None).

No expenses were reimbursed relating to general day to day running costs such as postage and meeting expenses (2020: 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
Prepayments		 2021
£
1,463
570
2,033		 2020
£
59,605
772
60,377

-11 -

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY WITH CHRIST CHURCH FOLKESTONE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

7
Creditors
Wedding deposits
Other creditors
8
Unrestricted funds - 2021
Unrestricted funds
General Fund
Legacy Fund (part)
Designated funds
Legacy Fund (part)
Roof Fund (Part)
Quinquennial Sinking Fund
Unrestricted funds - 2020
Unrestricted funds
General Fund
Legacy Fund (part)
Designated funds
Legacy Fund (part)
Roof Fund (Part)
Quinquennial Sinking Fund (Part)		 2021
£
2,607
4,431
7,038
Balance
brought
forward
Income
Expenditure
Transfer
between
funds
£
£
£
£
4,702
76,368
(96,110)
15,474
99,734
5,061
(1,612)
(54,474)
25,000
-
-
25,000
113,032
59
-
-
27,515
16
(2,200)
14,000
269,983
81,504
(99,922)
-
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)
-
27,515
119
(824)
-
274,449
109,994
(115,532)
367		 2020
£
4,015
5,332
9,347
Balance
carried
forward
£
434
48,709
50,000
113,091
39,331
251,565
Balance
carried
forward
£
4,702
99,734
25,000
113,032
27,515
269,983

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

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 - 2021
Legacy Fund (part)
Organ Fund
Verger Fund
Roof Fund
Quinquennial Sinking Fund (Part)
Restricted funds - 2020
Legacy Fund (part)
Organ Fund
Verger Fund
Roof Fund		 Balance
brought
forward
Income
Expenditure
Transfer
between
funds
£
£
£
£
10,637
-
(240)
-
857
-
-
-
-
1,800
(1,800)
-
982
786
-
-
-
650
-
-
12,476
3,236
(2,040)
-
Balance
brought
forward
Income
Expenditure
Transfer
between
funds
£
£
£
£
11,712
-
(1,075)
-
853
4
-
-
-
2,400
(2,400)
-
982
-
-
-
13,547
2,404
(3,475)
-		 Balance
carried
forward
£
10,397
857
-
1,768
650
13,672
Balance
carried
forward
£
10,637
857
-
982
12,476

9 Restricted funds - 2021

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 2021

Organ Fund

Roof Fund

Quinquennial Sinking Fund (part)

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. This fund was established to provide major refurbishments and is not to cover routine maintenance or general running costs.

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.

This fund represents donations received specifically towards the cost of maintenance work recommended periodically by quinquennial reports required by Canterbury Diocese

10 Analysis of net assets between funds - 2020

lysis of net assets between funds - 2020
Current Assets
Current Liabilities		 Unrestricted
funds
Designated
funds
Restricted
funds
Total
£
£
£
£
111,336 165,547 13,346
290,229
(6,900) -(870)
(7,770)
104,436 165,547 12,476
282,459

11 Capital Commitments

There were no capital commitments as at 31 December 2021 (2020: Nil)