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2020-12-31-accounts

PAROCHIAL CHURCH COUNCIL OF ST WILFRID'S, RIBCHESTER

REPORT AND FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2020

Charity Commission Reference No. 1131599

PAROCHIAL CHURCH COUNCIL OF ST WILFRID'S, RIBCHESTER

Contents

CONTENTS PAGE
Legal and Administrative Information 1
Annual Report 2 - 5
Independent Examiners Report 6
Statement of Financial Activities 7
Statement of Financial Position 8
Notes to the Financial Statements 9 - 15

PAROCHIAL CHURCH COUNCIL OF ST WILFRID'S, RIBCHESTER

Charity Information

Status The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. Charity Registered Number 1131599 Incumbent Reverend Canon Brian McConkey Address The Rectory Riverside Ribchester Lancashire Independent Examiners A J McLaren Beever and Struthers Chartered Accountants 215 - 219 Chester Road Manchester Lancashire M15 4JE Bankers Lloyds TSB 94 Fishergate Preston PR3 3TZ

1

PAROCHIAL CHURCH COUNCIL OF ST WILFRID'S, RIBCHESTER

Trustees' Report

The members of the Parochial Church Council (PCC) present their Report and Financial Statements for the year ended 31st December 2020

Background

St Wilfrid’s PCC has the responsibility of working with the Incumbent in promoting in the Parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It has the maintenance responsibility for St Wilfrid’s Church, St Saviour’s Chapel and the Village Hall.

Membership

Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) on a three year cycle, in accordance with the Church Representation Rules.

During the year the following served as PCC members:-

Incumbent Reverend Canon Brian McConkey
Curate Reverend Karen Herschell
Honorary Assistant Priest Reverend Ann Jepson
Pastoral Assistant Carol Milne (also a Deanery Synod Representative)
Wardens Mary Marsden (from 1 November)
Alan Tomlinson (until 1 November)
Elaine Watts
Tim Watts
Stephen Morris
Deanery Synod Representative Claire Davies
Carol Milne
Elected members Ann Marie Brewer (from 1 November)
Anna Davies (until 1 November)
Sally Gorton
Jean Johnson (from 1 November)
Clare Levick
Tim Rainford
Peggy Ridge
Peter Ridge (also Virger & Sacristan)
Tansy Sabben (until 1 November)
Wendy Stott (until 1 November)
Alan Tomlinson (from 1 November)
George Turner
Jim Tyrrell

Committees

The PCC operates through a number of committees which meet between the full meetings of the PCC:-

Standing Committee: The only committee required by law. It has the power to transact PCC business between meetings subject to directions given by the Council.

Social Committee: Undertakes responsibility for running all social events in the Parish.

2

PAROCHIAL CHURCH COUNCIL OF ST WILFRID'S, RIBCHESTER

Trustees' Report

Committees (continued)

Hall Management Committee: Undertakes responsibility for the management and maintenance of the Village Hall.

Fabric Committee: Undertakes responsibility for maintaining the fabric of the Church buildings.

Family Development Committee: Established to encourage families to engage in Christian Worship and foster better communication between Church and St Wilfrid’s primary school.

Communications Committee: Responsible for magazine production and distribution, publicity and maintenance of website.

Church Attendance

There are 124 parishioners on the Electoral Roll. The regular weekly attendance was approximately 50 adults in a week when the church was open.

PCC Review of the Year

The first Covid lockdown meant that the APCM reviewing 2019 was delayed until the 1[st] November 2020 as the country was in lockdown in April when the meeting would normally have been held. During 2020 the PCC met on 7 occasions. Each meeting was chaired by Canon Brian McConkey, the Rector but the September, October, November and December meetings were conducted over the internet platform, Zoom as meeting face to face was prohibited because of Covid restrictions.

At the APCM in November there was a change to the membership of the PCC with Anna Davies, Tansy Sabben and Wendy Stott standing down and Peggy Ridge and Sally Gorton successfully seeking re election. Two new PCC members, Ann-Marie Brewer and Mary Marsden were elected with Mary Marsden joining the PCC as the new Church Warden taking over from Alan Tomlinson as the warden for Stydd.

Elaine Watts, Tim Watts and Steven Morris were re elected as Church Wardens until the next APCM.

The business of the PCC continued to be conducted through sub committees. The PCC sub committees –the Standing Committee, Fabric Committee, Hall Management and Communications Committees continued to meet over the reporting period and reported into the PCC which retains oversight of all sub committee activities.

Finance continued to be a key issue dealing with the specific issues raised by Covid: reduced income sources, reduced expenditure and planning for the future. The Safeguarding Policy had its annual review and the PCC was updated on the continuing discussions with Historic England who want an area of the churchyard to remain grave free. The terms of an agreement are currently being negotiated. During the first and second lockdowns both Churches were closed, but regular checks of the buildings were carried out by members of the Fabric Committee.

The Family Development Committee and Social Committee have not met since March 2020 because of the limitations placed on activities by the Covid pandemic.

During the periods of closure, services were available on You Tube and a Sunday morning service was available via Zoom for the congregations of all three parishes in the benefice. Although diocesan guidance prevented public worship, the Church was open for private prayer on Wednesday and Friday mornings for an hour once the first lockdown ended. Prayer and study courses were also conducted over the Zoom platform. The issue of Covid restrictions and their impact on our Church life was a standing item on the PCC agenda.

Thanks to all those involved in ensuring that worship in its varied forms was available during this difficult time.

3

PAROCHIAL CHURCH COUNCIL OF ST WILFRID'S, RIBCHESTER

Trustees' Report

Results for the Year

The figures show that a surplus of £2,951 on the unrestricted account. This figure when included with the gain on revaluation of our investments gave an overall surplus on our unrestricted funds of £5,107. As reported in previous years it is clear that our expenditure will continue to rise year on year for the foreseeable future and clearly the only way that this can be met is if our income and therefore our giving increases at the same rate.

Reserve Policy

Unrestricted funds are needed:

At the year end the PCC held total reserves of £87,631 (2019: £80,924) of which £37,754 (2019: £36,154) was restricted funds. Unrestricted reserves were £49,877 (2019: £44,770).

The level of reserves is monitored and reviewed by the Members annually.

Public Benefit

The members confirm that they have referred to the guidance contained in the Charity Commission's general guidance on public benefit when reviewing the PCC's aims and objectives and in planning future activities.

….......................................................

Dated:

Claire Davies, PCC Secretary

4

PAROCHIAL CHURCH COUNCIL OF ST WILFRID'S, RIBCHESTER

Trustees' Report

Statement of the Responsibilities of the Parochial Church Council

The members are responsible for preparing the 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 and Wales requires the members 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:-

The members 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 and Reports) Regulations. 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.

The members are responsible for the maintenance and integrity of the charity and financial information included on the charity’s website. Legislation in the UK governing the preparation and dissemination of the financial statements may differ from legislation in other jurisdictions.

The PCC is also responsible for all parish finance, its management and control. These responsibilities include:

Approved by the members and on behalf of the Parochial Church Council:

…....................................................... Claire Davies Dated: Secretary

5

PAROCHIAL CHURCH COUNCIL OF ST WILFRID'S, RIBCHESTER

Independent Examinations Report

Independent Examiners Report to the members of the PCC

I report on the accounts of the charity for the year ended 31 December 2020, which are set out on pages 7 to 15. Your attention is drawn to the fact that the Charity has prepared the Financial Statements in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has since been withdrawn.

We understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2019.

Respective responsibilities of trustees and examiner

The charity’s trustees are responsible for the preparation of the accounts. The charity’s trustees consider that an audit is not required for this year under section 144 (2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.

It is my responsibility to:

Basis of independent examiner’s report

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.

Independent examiner’s statement

In connection with my examination, no matter has come to my attention:

A J McLaren Beever and Struthers Chartered Accountants 215 - 219 Chester Road Manchester Lancashire M15 4JE

Dated:

6

PAROCHIAL CHURCH COUNCIL OF ST WILFRID'S, RIBCHESTER

Statement of Financial Activities (Incorporating the Income and Expenditure Account)

Notes
Income and endowments from:
Donations and legacies
2
Charitable activities
3
Investments
4
Parish Heritage Fund
5
Total income
Expenditure on:
Charitable activities
6
Total expenditure
Net income/(expenditure) before other gains
Net realised gains on investments
Net unrealised gains on investments
Net movement in funds
Net income/(expenditure) and net
movement in funds for the year
Reconciliation of funds
Funds brought forward
Funds carried forward		 Unrestricted Restricted
Total
funds
funds
funds
£
£
£
65,114
7,073
72,187
5,502
-
5,502
1,198
195
1,393
-
-
-
2020		 2019
Total
funds
63,951
19,477
1,565
88
71,814
7,268
79,082		 85,081
(68,863)
(6,536)
(75,399)
(99,459)
(68,863)
(6,536)
(75,399)
(99,459)
2,951
732
3,683
(14,378)
-
-
-
607
2,156
868
3,024
6,900
2,156
868
3,024
7,507
5,107
1,600
6,707
(6,871)
44,770
36,154
80,924
87,794
49,877
37,754
87,631
80,924

The statement of financial activities include all gains and losses recognised in the year.

All income and expenditure derive from continuing operations.

The comparative SOFA is presented in Note 14 of the financial statements.

7

PAROCHIAL CHURCH COUNCIL OF ST WILFRID'S, RIBCHESTER

Statement of Financial Position

Notes
Fixed Assets
Investments
9
Current Assets
Stock
Debtors
10
Short term deposits
Cash at bank and in hand
11
12
Net Current Assets
Net Assets
The funds of the charity:
Restricted
13
Unrestricted
Creditors: Amounts falling
due within one year		 Unrestricted
Restricted
Total
£
£
£
33,381
13,486
46,867
33,381
13,486
46,867
500
-
500
2,824
-
2,824
5,278
13,550
18,828
10,054
10,718
20,772
18,656
24,268
42,924
(2,160)
-
(2,160)
16,496
24,268
40,764
49,877
37,754
87,631
-
37,754
37,754
49,877
-
49,877
49,877
37,754
87,631
2020		 2019
Total
£
43,843
43,843
600
2,949
17,677
21,148
42,374
(5,293)
37,081
80,924
36,154
44,770
80,924

Approved by the Parochial Church Council on:

T.C. Rainford

Treasurer

Date:

8

PAROCHIAL CHURCH COUNCIL OF ST WILFRID'S, RIBCHESTER

Notes to the Financial Statements

1 Principal of accounting policies

Basis of accounting

The financial statements have been prepared 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) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102).

Fund accounting

Unrestricted 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 purpose of the PCC.

Restricted funds are funds subject to specific conditions imposed by the donor or by specific terms of a trust deed or other legal measure.

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.

Income

Income from donations & legacies

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

Planned giving receivable under covenant is recognised only when received.

Income tax recoverable on covenants or gift aid donations is recognised when the income is recognised.

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

Income from charitable activities

Income from activities for generating funds is recognised on an accruals basis.

Income from charitable activities is recognised on an accruals basis.

Income from investments

Dividends and interest are accounted for when receivable. Tax recoverable on such income is recognised in the same accounting year.

Gains and losses on investments

Realised gains or losses are recognised when investments are sold.

Unrealised gains or losses are accounted for on revaluation of investments at 31 December.

Expenditure

Unless otherwise stated, resources expended are accounted for on an accruals basis.

Cost of generating funds

Costs of generating funds are those incurred in fund-raising, publicity and public relations

9

PAROCHIAL CHURCH COUNCIL OF ST WILFRID'S, RIBCHESTER

Notes to the Financial Statements

1 Principal of accounting policies (continued)

Expenditure on charitable activities

Activities directly relating to the work of the Church includes both direct expenditure and allocated support costs.

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.

Any governance costs are those costs relating to the strategic management of the PCC. This includes the costs of examination or audit of the financial statements.

Any support cost represent costs of managing and administering the PCC

Assets and liabilities

Consecrated land and building and movable church furnishings

No valuation of the church and associated land and buildings has been included in these financial statements due to the cost of providing that valuation not deemed to be in the best interests of the PCC.

No value is placed on moveable 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 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 Statement of Financial Activities and separately disclosed.

Office fixture, fittings and office equipment

Equipment is depreciated on a straight line basis over four years.

Investments

Investments are shown at market value at 31 December.

Realised and unrealised gains and losses are recognised in the Statement of Financial Activities.

Current assets

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

Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.

Stock

Stocks are valued at the lower of cost and net realisable value.

10

PAROCHIAL CHURCH COUNCIL OF ST WILFRID'S, RIBCHESTER

Notes to the Financial Statements

2
Donations and legacies
Convenants
Income Tax Recoverable
Envelopes
Collections
Donations
Donations from Boxes
Village Hall Contributors
Heritage Fund Grant Income
3
Income from Charitable Activities
Income from activities for generating funds
Events
Magazine Advertisements
Charitable activities income
Magazine and bookstall
Fees
4
Investment
CBF Deposit Fund Interest
CBF Deposit Fund Dividends
Graveyard
Stydd Fabric
Youd St Wilfrid
Jim Ridge
5
Parish Heritage Fund
Donations
Total Incoming Resources		 Unrestricted
Restricted
Total
Total
2020
2020
2020
2019
£
£
£
£
40,378
-
40,378
23,615
12,015
-
12,015
9,295
1,855
-
1,855
6,944
3,195
-
3,195
8,988
6,568
-
6,568
4,577
1,103
-
1,103
3,056
-
7,073
7,073
7,476
-
-
-
-
65,114
7,073
72,187
63,951
249
-
249
2,867
293
-
293
650
15
-
15
558
4,945
-
4,945
15,402
5,502
-
5,502
19,477
21
-
21
28
937
-
937
1,069
240
-
240
234
-
160
160
171
-
22
22
40
13
13
23
1,198
195
1,393
1,565
-
-
-
88
-
-
-
88
71,814
7,268
79,082
85,081

11

12

PAROCHIAL CHURCH COUNCIL OF ST WILFRID'S, RIBCHESTER

Notes to the Financial Statements

Unrestricted Restricted Total Total
2020 2020 2020 2019
£ £ £ £
Expenditure on charitable amounts
Analysis of activities directly relating to the work of the church
Ministry 22,519 - 22,519 22,910
Accommodation 3,690 - 3,690 3,947
Clergy expenses 650 - 650 1,205
Upkeep of Services 452 - 452 1,090
Magazine and Bookstall 281 - 281 1,395
Building Maintenance 1,439 - 1,439 4,530
Heating and Lighting 7,209 - 7,209 8,827
Hall 6,536 6,536 -
Diocesan Payments 25,462 - 25,462 32,375
Churchyard Maintenance 660 - 660 458
Wages and salaries 1,687 - 1,687 7,589
Professional fees 2,597 - 2,597 4,944
Stationery and printing - - - 367
Bank charges 228 - 228 430
Marketing 64 - 64 -
Donations 1,440 - 1,440 1,413
Canteen and miscellaneous costs 485 - 485 1,021
68,863 6,536 75,399 92,501

6 Expenditure on charitable amounts

Payments of £439 (2019 - £469) were made to Beever and Struthers in respect of payroll services.

Analysis of village hall management committee

Maintenance
Sundries
Insurance
Heating and Lighting
Cleaner
Total Expenditure		 -
-
-
708
-
-
-
1,157
-
-
-
800
-
-
-
2,789
-
-
1,504
-
-
-
6,958
68,863
6,536
75,399
99,459

12

12

PAROCHIAL CHURCH COUNCIL OF ST WILFRID'S, RIBCHESTER

Notes to the Financial Statements

7 Analysis of governance and support costs

General
Governance
2020
2019
Support
Function
£
£
£
£
Organists & visiting priests
535
-
535
6,136
Accountancy services
-
2,160
2,160
2,629
Legal & other professional fees
-
437
437
2,315
535
2,597
3,132
11,080
8
Analysis of staff costs
2020
2019
£
£
Wages & salaries
1,687
7,589
1,687
7,589
No employees had employee benefits in excess of £60,000 (2019: none).
The average number of employees during the year was 2 (2019: 2).
There was no remuneration or expenses paid to members of the Parish Church Council.
9
Investments
2020
2019
£
£
Market Value at 1 January 2020
43,843
46,336
Disposal of investment
-
(9,393)
Net gain/(loss) on revaluation
3,024
6,900
Market value at 31 December 2020
46,867
43,843
Represented by:
Church Investment Fund Shares
46,761
43,742
C of E Fixed Interest Securities Fund
106
101
46,867
43,843
Historical cost
8,715
8,715
10
Debtors
2020
2019
£
£
Unrestricted
Restricted
Prepayments and accrued income
2,824
-
2,824
2,949
2,824
-
2,824
2,949		 General
Governance
2020
2019
Support
Function
£
£
£
£
535
-
535
6,136
-
2,160
2,160
2,629
-
437
437
2,315		 General
Governance
2020
2019
Support
Function
£
£
£
£
535
-
535
6,136
-
2,160
2,160
2,629
-
437
437
2,315
535
2,597
3,132
11,080
46,867
43,843
46,761
43,742
106
101
46,867
43,843
8,715
8,715
2020
2019
£
£
2,824
2,949
2,824
-		 2,824
2,949

13

PAROCHIAL CHURCH COUNCIL OF ST WILFRID'S, RIBCHESTER

Notes to the Financial Statements

11 Restricted bank funds

During the previous year, the PCC Committee members elected to use part of the restricted designated Church Hall funds for day to day operations. The members elected to do this rather than realise the Investments, as the Investments are still generating significant interest. During the year, some of the investments were realised and funds were reintroduced into the restricted designated Church Hall Fund.

12 Creditors: Amounts falling due within one year Creditors: Amounts falling due within one year Unrestricted Restricted 2020 2019
£ £ £ £
Accruals 2,160 - 2,160 2,278
Fees payable - - 3,015
2,160 - 2,160 5,293
Gains, losses
Incoming Outgoing and
13 Fund Details At 31.12.19 resources resources transfers At 31.12.20
£ £ £ £ £
Restricted general funds
The Graveyard Fund 7,990 240 - 308 8,538
The Stydd Fabric Fund 9,579 159 - 320 10,058
The Youd St Wilfrid Fund 5,315 23 - - 5,338
The Ridge Bulb Account 3,089 13 - - 3,102
The Parish Heritage Fund 7,318 - - - 7,318
Hall Committee 2,863 6,833 - 6,536
 240 3,400
Total restricted general funds 36,154 7,268 (6,536) 868 37,754
14
Analysis of net assets between funds
Investments
Current assets
Current liabilities
Net assets		 Unrestricted
Restricted
2020
2019
£
£
£
£
33,381
13,486
46,867
43,843
18,656
24,268
42,924
42,374
(2,160)
-
(2,160)
(5,293)
49,877
37,754
87,631
80,924

15 Related Party transactions

There were no related party transactions during the year (2019: none).

14

PAROCHIAL CHURCH COUNCIL OF ST WILFRID'S, RIBCHESTER

Notes to the Financial Statements

14 Statement of Financial Activities for the year ended 31 December 2019

Income and endowments from:
Donations and legacies
Charitable activities
Investments
Parish Heritage Fund
Total income
Expenditure on:
Charitable activities
Total expenditure
Transfer between funds
Net income/(expenditure) before
other gains
Net realised gains on investments
Net unrealised gains on investments
Net movement in funds
Net expenditure and net movement
in funds for the year
Reconciliation of funds
Funds brought forward
Funds carried forward		 2019
2018
Unrestricted
Restricted
Total
Total
funds
funds
funds
funds
£
£
£
£
56,475
7,476
63,951
75,559
19,477
-
19,477
12,417
1,331
234
1,565
1,970
-
88
88
-
77,283
7,798
85,081
89,947
(92,501)
(6,958)
(99,459)
(127,035)
(92,501)
(6,958)
(99,459)
(127,035)
3,750
(3,750)
-
-
(11,468)
(2,910)
(14,378)
(37,088)
607
-
607
7,788
4,924
1,976
6,900
(8,066)
5,531
1,976
7,507
(278)
(5,937)
(934)
(6,871)
(37,366)
50,707
37,088
87,794
125,160
44,770
36,154
80,924
87,794

15