## ST ANDREW'S CHURCH, HOLT ## NORFOLK Registered Charity No. 1131726 ## PAROCHIAL CHURCH COUNCIL ## ACCOUNTS 2020 In accordance with the CHARITIES ACT (2011) GUIDELINES Issued: 29/03/21 ## AUDITORS CERTIFICATE INDEPENDENT EXAMINERS CERTIFICATE ## REPORT TO THE TRUSTEES OF HOLT PAROCHIAL CHURCH COUNCIL ON THE ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2020 The charity's trustees are responsible for the preparation of these accounts. The charity's trustees consider that an audit is not required for this year under s144 of the Charities Act 2011 (the Act) and that an independent examination is needed. It is my responsibility to a] examine the accounts under s145 of the Act b] to follow the procedures laid down in the general Directions given by the Charities Commission in s145(5)(b) of the Act and c] to state whether particular matters have come to my attention. 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 disclosure in the accounts and seeking explanations from the trustees concerning 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. In connection with my examination, no matter has come to my attention (other than that disclosed below*) 1 which gives me reasonable cause to believe that, in any material respect, the requirements a] to keep accounting records in accordance with s130 of the Act b] to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act have not been met; or 2 to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Signed Ian Barber Date 29th March 2021 Name Ian Barber Address 25 Woodpecker Avenue, Holt, NR25 6GJ The original certificate is held in the PCC minutes with a copy lodged at the Norwich Diocesan Board of Finance * delete as appropriate ## TREASURERS REPORT I cannot do anything else but say that 2020 has been difficult. After March we have never really had any firm base upon which to plan but still we have managed to have our organ refurbished a new money saving lighting system installed and the long planned path from Gresham car park to the West Door opened. The end of year shows that we have managed to be in the black as far as the operating costs against income are concerned by £5047. However this would not have been possible without a fantastic Gift Day (£9686) or the grants received from the Government (£13850) and the Furlough Scheme. In addition the decision was taken not to pay the Parish Share in full by £12400. Had these items not been received or the reduction decided upon then the outcome for the year would have meant that ST Andrews would have run at a loss of about £33000 for the year. 2021 will again start in an uncertain manner but I have every faith in our fellowship,and town, to continue to support the church in their own fantastic way and for the PCC to make the correct decisions as and when necessary. This year, in particular, has shown how the fellowship can pull together and once again I have to express my gratitude, not only my wife for her support, but to ALL who have stepped up to the mark and done such a lot of hard work behind the scenes so as to keep St Andrews going. Barry R Holliss, ACMA Hon. Treasurer The Church has funds allocated for various purposes as shown below. |As at
Investment revaluation
General Funds (Unrestricted)
Petty Cash Holding
With-held cash (code 93)
StART Fund
SALSA
Cash management Account
**TOTAL GENERAL FUNDS**
Building M'tenance restricted
Capital Reserve Fund
Capital Projects Fund (Designated)
Endowment Fund
**TOTAL ALLOCATED FUNDS**
Ring Fenced YSA
Ring Fenced Live Streaming
Ring Fenced Choir Fund
**TOTAL RING FENCED**|31st Dec 20
31st Dec 19
18764.06 Note 1
0
67870.22 Note 2
16677.62
50.00
300.00
-24.87 Note 3
-127.90
2108.56 Note 4
1623.08
0.00 Note 14
71830.37
0.00
11080.16
88767.97
101383.33
3764.08
3764.08
41028.18 Note 5
78423.29
16850.00 Note 6
7441.23
20978.31 Note 7
19623.76
82620.57
109252.36
504.53
238.94
988.72
0.00
426.19
426.19
~~1919.44 ~~Note 8
665.13|31st Dec 20
31st Dec 19
18764.06 Note 1
0
67870.22 Note 2
16677.62
50.00
300.00
-24.87 Note 3
-127.90
2108.56 Note 4
1623.08
0.00 Note 14
71830.37
0.00
11080.16
88767.97
101383.33
3764.08
3764.08
41028.18 Note 5
78423.29
16850.00 Note 6
7441.23
20978.31 Note 7
19623.76
82620.57
109252.36
504.53
238.94
988.72
0.00
426.19
426.19
~~1919.44 ~~Note 8
665.13|31st Dec 20
31st Dec 19
18764.06 Note 1
0
67870.22 Note 2
16677.62
50.00
300.00
-24.87 Note 3
-127.90
2108.56 Note 4
1623.08
0.00 Note 14
71830.37
0.00
11080.16
88767.97
101383.33
3764.08
3764.08
41028.18 Note 5
78423.29
16850.00 Note 6
7441.23
20978.31 Note 7
19623.76
82620.57
109252.36
504.53
238.94
988.72
0.00
426.19
426.19
~~1919.44 ~~Note 8
665.13|31st Dec 20
31st Dec 19
18764.06 Note 1
0
67870.22 Note 2
16677.62
50.00
300.00
-24.87 Note 3
-127.90
2108.56 Note 4
1623.08
0.00 Note 14
71830.37
0.00
11080.16
88767.97
101383.33
3764.08
3764.08
41028.18 Note 5
78423.29
16850.00 Note 6
7441.23
20978.31 Note 7
19623.76
82620.57
109252.36
504.53
238.94
988.72
0.00
426.19
426.19
~~1919.44 ~~Note 8
665.13|31st Dec 20
31st Dec 19
18764.06 Note 1
0
67870.22 Note 2
16677.62
50.00
300.00
-24.87 Note 3
-127.90
2108.56 Note 4
1623.08
0.00 Note 14
71830.37
0.00
11080.16
88767.97
101383.33
3764.08
3764.08
41028.18 Note 5
78423.29
16850.00 Note 6
7441.23
20978.31 Note 7
19623.76
82620.57
109252.36
504.53
238.94
988.72
0.00
426.19
426.19
~~1919.44 ~~Note 8
665.13| |---|---|---|---|---|---| |**TOTAL FUNDS**|173307.99|||211300.82|| ||||||| The funds which back the above are held in the following places |Endowment Fund
Invested Funds
sub-total
Deposited Funds
With bankers
Cash in Hand
Petty Cash Holding
**TOTAL FUNDS**|20978.31 Note 7
19623.76
89747.72 Note 9
70983.66
110726.04
9564.34
27564.34
52967.61 see below
92663.79
0
165.27
50.00
300.00
~~173307.99~~
211300.82| |---|---| |Cash held with Santander Bank Current account
Santander Bank Deposit account
Nat West Bank Current account
Nat West Bank Deposit account
sub-total
Income not yet on statement
Total|38050.61
3524.83
11392.17
0.00| |---|---| ||52967.61
0.00| ||~~52967.61~~| ## **Note 1. Investment revaluation.** The value of the invested shares is now shown at bid value on the last trading day of the year. On 31st December 2020 the value of the investments was 2044.67p per share giving a valuation of £89747.72. The value of the shares has risen since purchase by £18704.06 and in 2020 by £5797.01 ## **Note 2. Unrestricted General Fund** |**Note 2. Unrestricted General Fund**|| |---|---| |This is made up by:
Area
Income
**Parish Funding**
Parish Share
0.00
Parish Funding
83,180.85
Net cost of Parish Funding
83,180.85
Mission & Ministry
2109.24
Asset Management
8605.50
Fund Raising & Social
3330.63
Administration
14076.37
Finance Committee
3254.08
Control Accounts
26763.12
TOTAL
141319.79
Bt fwd from 2019
Operating Net (see above)
Movement on General Fund
see below
TOTAL
The movement on the General Fund is made up by:
Transfer in from funding to recompense account re Organ
Carry forward of tax due into 2021
To increase charitable giving Christmas 2020
Late 2019 costs
Return of Petty Cash float
Part of donation transferred to Capital Funding account
Closure of cash Management Account as separate identity
Donation received specific for the General Fund
TOTAL|Expenditure
Net
55870.00
-55870.00
1475.84
81705.01| ||57345.84
25835.01
10619.51
-8510.27
25822.05
-17216.55
932.82
2397.81
14380.36
-303.99
383.87
2870.21
26787.70
-24.58
136272.15
5047.64
Movement
16677.62
5047.64
46144.96
67870.22
and Lights
40000.00
207.36
-112.02
-479.81
250.00
-4900.73
11080.16
100.00
46144.96| **Note 3.** The Post Office will not accept coin unless it is contained within a complete bag for the coin tendered eg: £20 x £1 coins, or £10 in 50p coins. This money is that held over for banking. ## **Note 4 START Fund** This fund (St Andrews Arts) arises from concert income which is then allocated to support arts and craft activity within the community. ## **Note 5 Capital Reserve Fund. (Renamed from Fabric Fund)** |Bt Fwd from|2019|78423.29|| |---|---|---|---| ||less part cost of replacement hall boiler|-553.45|| ||less part costs of new lighting and||| ||refurbishment of organ|-40000.00|| ||add balance of unused SALSA fund|3158.34|| ||TOTAL taken forward|~~41028.18~~|| ## **Note 6 Capital Projects Fund (Designated)** |Bt fwd from|2019|||7441.23| |---|---|---|---|---| ||cost of pathway to church from car park|-11197.41||| ||less donations received|1230.00||-9967.41| ||less part cost of replacement hall boiler|||-2374.55| ||donations received re new video system|||11750.73| ||donations received for future projects|||10000.00| ||TOTAL taken forward|||~~16850.00~~| ## **Note 7** Arising from the sale of the Old National School in Norwich Road the Diocese holds in trust fior the benefit of the church 1026 shares in the CCLA CBF Investment Fund valued by CCLA on 31st Dec at £20,978.31 It must be noted that although these funds are shown within the financial assets of the church that they cannot be accessed without the agreement of the Diocese and the breaking of the Trust ## **Note 8 Ring Fenced Funds** Ring Fencing is where money has been given to the church for keeping by persons or groups for use in the future on specific projects or in specific areas. These areas are, Church Choir, Young St Andrews, and Live Streaming of services ## **Note 9 Invested Funds** These Funds consists of the following CCLA Investment Income shares |Church a/c|Shares|Bought for|Value 31.12.2| |---|---|---|---| ||||| |GP Fund|732.2|10983.66|14971.07| |GP Fund|2423.43|40000.00|49551.15| |||_50983.66_|25225.50| |CPF Fund|1233.72|20000.00|| The split between the Funds is purely a designation as none of the money was deposited for a specific purpose ## **The total income and expenditure of the church in 2020 was:** |Area|Note|Income|Expenditure|Net|| |---|---|---|---|---|---| |Share|NOTE 10|0.00|55870.00||-55870.00| |Parish Funding|NOTE 11|83,180.85|1475.84||81705.01| |Mission and Ministry||2109.24|10619.51||-8510.27| |Asset Management|NOTE 12|8605.50|25822.05||-17216.55| |Fund Raising & Social|NOTE 13|3330.63|932.82||2397.81| |Administration|NOTE 16|14076.37|14380.36||-303.99| |Finance Committee||3254.08|383.87||2870.21| |Control Accounts|NOTE 15|26763.12|26787.70||-24.58| |Balance Sheet||29564.27|92460.27||-62896.00| ||TOTALS|170884.06|228732.42||-57848.36| ## **Note 10 Share.** The Parish share is levied on the Benefice in the sum of £67,400. Of this £55000 was paid with £870 being claimed in lieu of fees. |**Note 11**||| |---|---|---| |**The net amounts received for Parish Funding are:**||| |Giving and Tax Reclaim||62257.85| |Funeral & Wedding Fees||4861.45| |Share contribution from All Saints||4900.00| |Gift day||9685.71| |TOTAL||81705.01| |**Note 12**||| |**The net figures for the Asset Management Group are:**||| |Extension|-225.32|| |Church|-11165.33|| |Churchyard|-2782.50|| |Church Hall|-4946.56|| |Church Hall Car Park|3994.60|| |Safety & Security|-2091.44|| |TOTAL|-17216.55|| The church hall is insured for £2,900,000 for both building and contents. The church is insured for £11,180.000 for both building and contents. ## **Note 13** |**Note 13**|| |---|---| |**The net figures for Fund raising and Social are:**|| |150 Club|-520.00| |Festival and Fringe|0.00| |Fund Raising & Social|2799.81| |Christmas Cards|118.00| |TOTAL|2397.81| The deficit on the 150 Club is caused by the payment of prizes out of the subscriptions paid in 2019. With the Club in abeyance for 2020/1 no income has been received this year ## **Note 14. SALSA Fund** The movement on the Fund set up to provide monies for new lighting and the refurbishment of the Organ has been: |Expenditure
Cost of Lighting
43186.61
Refurbishment of Organ
33245.83
Cost of raising funds
237.41
76669.85
bt fwd from 2019
add income
less expenditure
Transferred to
Capital Reserve Fund|Expenditure
43186.61
33245.83
237.41|Concerts and Recitals
Specific Donations
Spring Fair
Other income
71830.37
7997.82
-76669.85
3158.34|Income
1601.24
3875.67
975.82
1545.09| |---|---|---|---| ||76669.85||7997.82| ||||| ## **NOTE 15** Within the Control Accounts are included **Payments to Charities and Good Causes** Payments to charities |**Charity**|Value| |---|---| |Alzheimers Society|14.50| |East Anglia Air Ambulance|68.80| |East Anglia Childrens Hospice|223.25| |Haematology Research|75.68| |Holt Rugby Club|115.53| |Holt Youth Project|57.50| |Norfolk & Norwich Hospitals Trust|366.50| |Priscilla Bacon Lodge|238.50| |Sheringham Stroke Club|74.00| |St Andrews Church, Thursford|115.53| |Stroke Association|216.30| |TOTAL|1566.09| |Payments to good causes|| |**Cause**|Value| |Norfolk Churches Trust|20.00| |Holt Youth Project|212.66 *| |Kings Lynn Night Shelter|212.66 *| |Tree House Café Project, Holt|212.66 *| |Bishops Lent Appeal|156.58| |TOTAL|814.56| *In addition to the amounts collected above a further £112.02 was added from Church Funds and £100, specifically for Kings Lynn Night Shelter, was paid direct by a parishioner ## **Note 16. Administration** The income includes grants in aid because of COVID19 from H M Government