# The Parochial Church Council of the Ecclesiastical . Parish of St Philip and St Jacob, Bristol
## THE CHURCH of
St. Philip & St. Jacob with Emmanuel Tower Hill, Old Market, Bristol, BS2 0ET
Registered Charity Number 1132006
ANNUAL REPORT and FINANCIAL STATEMENTS
of the
PAROCHIAL CHURCH COUNCIL
for the year ended 31[st] December 2020
Vicar Revd. Tim Silk
Bank
CAF Bank Ltd, 25 Kings Hill Avenue West Malling Kent ME19 4JQ
Independent Examiner Neil Kingston FCA Burton Sweet Chartered Accountants The Clock Tower, Farleigh Court, Old Weston Rd, Flax Bourton, Bristol, BS48 1UR
The Parochial Church Council are the trustees registered with the Charity Commission. There are a number of associated small trusts which are also registered. The trustees for these are the Vicar and Church Wardens. Any omissions or errors are entirely accidental. The purpose of this report is to reflect something of how we have used the site, building and furnishings to the Glory of God. A fuller picture of St Philip and St Jacob Church’s life together is seen in our relationships, our gatherings and our publications on and off line.
## Trustees Annual Report The Parochial Church Council of the Ecclesiastical Parish of St Philip and St Jacob, Bristol
Year Ended 31[st] December 2020
The Parochial Church Council during 2020
Chairman Revd. Tim Silk Church Wardens Kathryn Thomas (appointed March 2020) Richard Wait (appointed March 2020) Timothy Browne (resigned March 2020) Wendy Watson (resigned March 2020) Deanery Synod Jeroen Bromilow (appointed March 2020) Christopher Dias (appointed March 2020) Richard Wait (resigned March 2020) Meryl Widdecombe (resigned March 2020) PCC elected Jacky Brown, Mark Butt, Ellen Haggan, Jeroen Bromilow, Christopher Dias, Rory Robinson, Katie Mobbs, Ray Watson (appointed March 2020), Wilfrid Hoad (appointed March 2020), Sue Evans (resigned March 2020), Meryl Widdecombe (resigned March 2020)
Treasurer Mark Butt Secretary Jeroen Bromilow
## Objects and Main Activities
The main purpose of the work of the PCC is promoting in the parish the whole mission of the church; to help the people of Bristol to follow Jesus. When planning our activities for the year, the Vicar and the PCC have considered the Commission’s guidance on public benefit for charities in the advancement of religion. Our work seeks to enable people to live out their faith as part of the church community through:
- Regular public worship.
- Sermons, courses and Connect groups.
- The provision of children and youth clubs with a Christian ethos.
- Providing buildings, facilities and open space for community events.
- Pastoral work.
- Supporting other organisations and charities through making grants.
Structure
The council meets regularly to discuss matters arising in the parish including: finance, safeguarding, mission, and site development.
The standing committee was made up of the Vicar, Church Wardens, Lay Chair of the PCC, and Treasurer.
Throughout 2020 there were two employees of the PCC (both full time). These consist of
1. Church Manager: with a job description that includes communications, finance, site management, people and ecclesiastical administration, health & safety, safeguarding and rota management. (role began December 2019)
2. Associate Leader: with a job description that includes partnering with the Vicar to oversee the discipleship structures that enable people to know who they are in Jesus, understand how that impacts all of life, and belong at Central as valued members of the church family. (role began December 2019)
The staff team – comprising of the Vicar, Associate Leader and Church Manager – work together to pursue a vision endorsed by the PCC according to the job descriptions agreed by the PCC.
## Recruitment of Trustees
The method of appointment of PCC members is set out in the Church Representation Rules (2020). The membership of the PCC consists of the Vicar, Church Wardens, and members elected by the electoral roll of the church. In addition to this, the elected members of Deanery Synod members are ex-officio.
Main Areas of Responsibility
The Council has primary responsibility to govern the financial affairs of the church and to ensure compliance with best practice regarding safeguarding. It is responsible for the care and regeneration of the site, building and its goods and ornaments. It is expected to cooperate with the Vicar in promoting the whole mission of Jesus’ church in the parish and to consult jointly with the Vicar on matters of general concern and importance within the parish.
## Public Benefit Statement
St Philip and St Jacob Church contributes a great deal to the city centre community and to God’s mission more widely. The review below outlines some of the activities undertaken by the PCC
throughout 2020 in order to encounter Jesus, redeem life and love the city. The church is situated in the centre of a busy and thriving city and serves a wide variety of people. The church building is an important local resource and is used by various groups outside of the church. We support other churches in the Bristol diocese and particular organisations worldwide in the pursuit of Christian mission. The trustees have complied with their legal duty under the Charities Act 2011 to have regard to the Public Benefit guidance published by the Charity Commission.
Impact of Covid-19 Pandemic
Due to the outbreak of Covid-19 and the national measures put in place to tackle the pandemic, our activities as a church and charity have had to be adapted during most of 2020. After places of public worship were closed in March 2020 we moved most of our operations online with staff and volunteers working remotely. Since then we have continued to carry out our activities primarily online with the exception of one public gathering for our Christingle service. Due to a major roof lead theft and resulting damage which occurred in April 2020 our nave was not available to use for many months for in person gatherings once places of public worship were able to reopen in July 2020. This meant that use of our building has been restricted to staff and a skeleton team of volunteers throughout most of this year.
Financially, we were able to balance a loss of income from activities such as room hire and car parking with a decrease in outgoings for events and related supplies. Investment in technology and equipment to support our online activities was deemed important by the PCC and so we made a number of capital purchases to enable this to flourish. Due to the culture of generous regular giving in our church community we have not seen a major decrease in donated giving and remain in a stable position.
What are some of the areas that the PCC has focused on this past year?
Although 2020 has been a challenging and unusual year, we have remained committed to expressing our vision and values through three key areas: Encountering Jesus, Redeeming Life and Loving Bristol.
## _Encountering Jesus_
Throughout the year we have continued to gather on Sundays mornings and Encounter Nights on the first and third Thursday of each month. At the beginning of the year our in person gatherings were a time of family worship, with groups available for primary school aged children and teaching for the adults. Sung worship and prayer ministry were a key part of our gathered times together. After the closing of places of public worship in March, we moved our Sunday morning gatherings online and have live streamed every week since, initially from our homes, and from September 2020 from church with a small team of volunteers. Sung worship, teaching and prayer ministry has continued to be a major focus in these times and our children’s groups have continued to meet via video conferencing. Using an online platform, we are able to create space for people to request online prayer, and we have also created a time after the live stream for participants to join a video call for a time of face to face social connection.
From March onwards, Encounter Nights were also held online on the first and third Thursday of each month either via live stream or video conference. Due to the online element, these evenings took on
various different formats but generally included times of prayer, intercession, worship and scriptural meditation. Being able to make use of breakout rooms in these video calls has allowed us to continue to pray with and for one another throughout the pandemic and encourage one another in our faith.
Encounter Nights were paused in January and February 2020 in order to give time to The Prayer Course which was well attended by members of our own congregation and others. We gathered weekly for 8 weeks on a Thursday evening to engage with sung worship, video content provided by 24/7 Prayer, and discussion. This course helped to explain and unpack many different forms of prayer and encouraged us in our own prayer lives and communication with God.
Our Prayer Course culminated in a conference on the last weekend of February called “Living Faith” with a focus on living out and putting into practice the things the Lord is calling us to do and be. We were able to welcome guest speakers, Brian Sanders, Greg & Sophie Sharples and Liz Evans to join us for this weekend. In addition we had a team from Cornwall made up of Hannah Bizley and Dan & Becky Nicholls who put together a programme for our children as they explored what it means to go on an adventure with God.
During this year and with the help of technology we have also been able to share testimonies and encouragement online. Our website and YouTube channel has become a space for encouraging content and an opportunity to resource our congregation as they encounter God at home in everyday life. We have also had the opportunity to interview our mission partners from overseas and share updates from them in our gathered time. This sort of activity has increased due to the fact that we have been unable to gather in person.
## _Redeeming Life_
Connect Groups continue to be one of the key areas for discipleship as people meet in smaller groups (usually fortnightly) to share and encourage one another and read scriptures. These meetings have moved to meet online where necessary and at times during the year have been meeting in person when allowed in line with government guidelines.
During this year we began a Book Club which consisted of us reading a book by a Christian author each month and meeting online on the last Sunday of each month to discuss it together. This was a great opportunity for people to be encouraged to read more widely and to also expand their theological understanding of different issues. We’ve enjoyed these times of connecting and thinking about different topics as well as how they serve to change the way we think and live.
## _Loving Bristol_
At the beginning of this year, we were able to meet for Central Talks. These are midweek lunchtime talks, which provide a kind place for inquisitive people within the Bristol city centre business community. They are designed to fit into a lunch break. Sadly, due to the outbreak of Covid-19 this activity had to be paused for most of 2020.
Church Without Walls meets in St James’ Park each Sunday to offer food, community and spiritual comfort to a number of people who face various challenges due to domestic circumstances. It is a
precious time where people who are actively seeking Jesus can spend time together and experience his love. Again due to the outbreak of Covid-19 this activity had to be paused during most of 2020.
Members of our church continue to volunteer and support the work of the Bristol Soup Run Trust, with a team of volunteers helping to distribute food to those suffering from homelessness and poverty in the local area. This activity continued throughout the pandemic and was a much-needed provision throughout this year where many services in Bristol were reduced.
At the beginning of this year a group of our young families began meeting for Tower Tots, a parent and toddler group which was open to those with faith and without. This was an opportunity for relationships to be built between parents and children in a fun and informal context with toys, sensory play and songs. Many of our families participated in this group and invited friends with young children to join us. Unfortunately, due to the pandemic, this activity also had to be paused for most of this year.
In the run up to Christmas we took the opportunity to produce an online video advent calendar which was shared to our social media channels and featured members of our congregation sharing a short reflection on a bible verse in an accessible and encouraging way. This allowed us to share the good news of Christmas with our online community and our friends who don’t have a faith.
In December we were also able to host an in-person Christingle service, which was our first gathering at church since the Covid outbreak in March. This was also live streamed and many joined in from home as our Sunday Club team led us through the meaning of Christmas in a fun and creative way. In addition, we held an evening Christmas party online with a gameshow theme which communicated the Christmas story in a fun and light-hearted way and created an opportunity for people to join in. This was attended by members of our congregation and many others and included pre-recorded carols from our worship team.
## _Release Project - Site Development_
Our Release Project is an ambitious plan that aims to see our Grade II* listed building fully restored and maintained to reach its full potential in our fast-moving and ever-developing city. New commercial and residential developments to the south, east and west of the site are now well out of the ground which has truly brought to light the significance of our location as an historic church in Bristol at this time. The contrast of the cutting-edge concrete and steel structures against our circa 800-year-old building tells us of its significance. Everything around the site may (and largely has) changed. However, through the generations the church (both building and worshipping community) continue to have relevance and purpose. We now live in a largely post-Christian culture where more and more people, not so much don’t believe in God, but don’t see the relevance of faith in God in their lives today. The challenge for our church now is to align our resources (including the site) to help people understand the significance and relevance of knowing and being known by God and the freedom this brings.
This year has been a challenging year for our site due to the lockdown restrictions curbing its use as well as a major incident in April which caused damage to our Grade II* listed building. In the spring of 2020 thieves stole a large proportion of lead from our nave barrel roof which initially went undetected and led to significant water damage to the interior of our nave. This included widespread
damage to the ceiling panels in the nave barrel, the fairly newly laid floor, the pulpit and font (both of which are of significant historical significance), and east facing arch as well as contents such as electrical equipment and chairs. Thankfully, our insurance claim was accepted and with the support of an architect acting in a Project Manager role we have been able to see progress in the works needed to replace contents and carry out repairs.
By the end of 2020 work had been undertaken to temporarily recover the roof until permissions can be sought to permanently replace the stolen metal. In the near future we will be applying for a faculty to replace the stolen lead with a stainless steel alternative in keeping with the materials which were used on the aisles during our 2018 roofing project. In the interior, work was carried out to dry out the floor substructure, treat mould growth in the floor and ceiling and to restore the pulpit and font after water damage. Damaged contents have also been replaced or restored. Whilst this repair project has been one of the main focuses of our staff team during this year, due to the fact that it is insurance funded and we have the involvement of an external Project Manager the organisation has been relatively sheltered from the impact of such an incident.
During this year the licence with Bouygues UK (BUK), the developer in charge of the Castle Park View development to the north-east of our site, has continued. This arrangement which was entered into in July 2019 included a portion of our land being licenced for the use of site offices and the installation of new automated gates to allow lorries to have access to and from the site. The PCC decided in 2019 that the rental income from the licence would be designated into the Building fund and should be used for further repairs and maintenance and this has continued during 2020.
In 2020 income from room bookings stopped completely from March onwards due to the restrictions in place during the Covid 19 pandemic. In the future the PCC’s hope is for the space to be used once again for direct church activities and ministry as well as to grow income from rentals to ensure the site is as self-sustaining as possible.
In January work was carried out to repair damage to ceilings and wall from historic water ingress prior to the 2018 roofing project. The ceiling in the north Aisle was patched with plasterboard and re-skimmed and the lime render to the South East chancel wall and windows was repaired.
Financial Review
The financial impact of the coronavirus pandemic was closely monitored at regular intervals throughout the year, both in terms of how income was affected and what extra expenditure would be required to facilitate online streaming of church services and prayer meetings.
It was pleasing to see that the church’s stable base of regular committed giving continued throughout 2020. The income to unrestricted funds from regular giving reduced by just 3.4% (£4,689) as compared with 2019. As this is the church’s dominant source of income, this stability enabled the PCC to budget accurately throughout the year, despite the unprecedented disruption caused by COVID-19.
Nevertheless, other areas of income were hit as a direct result of the pandemic. Fewer office workers in the city centre meant the car park income reduced by £2,860 to £15,760, and our inability to hire out the building for external events meant this source of income reduced by £8,892 to £1,564. The
contract with Bouygues for use of the churchyard brought in £34,600. Overall, the church’s unrestricted income was £16,251 (6.9%) lower than in 2019.
Since there were fewer church-based activities during the year, the direct ministry costs reduced by £5,359 to £5,945. Unexpected costs due to the pandemic included new IT licences, a more powerful computer and a PTZ camera to make online streaming possible. £4,000 was spent on drapes and backdrop stands, which the PCC had budgeted for during 2019.
The lead theft and consequent damage to the roof, nave and internal fixtures posed a further financial consideration for the PCC. However, the confirmation that this work would be covered by the church’s insurance policy meant that only £1,781 was spent towards these repairs during 2020. The exact scope of the work will be confirmed during 2021 once diocesan faculty approval has been sought, but the vast majority of the cost will continue to be paid by the insurers.
The church generated an in-year surplus of £28,415 in unrestricted funds. This surplus had been planned during 2019 in order to restore the level of general reserves back to the PCC’s target. General reserves had been reduced during the previous year to fund urgent and essential electrical refurbishment.
The PCC proposes to maintain the charity’s reserves at a level which is at least equivalent to one month’s operational expenditure plus two further months of staffing expenditure. In addition, a regular sum will be designated each month towards the Asset Fund, which can then be used to finance the replacement of major items of equipment, as required. The target for general reserves based on current staffing levels is £20,000. Free reserves total at the year end was £20,174, which is above the total required by the policy. The Asset Fund total at year end was £20,952.
The trustees are assured that the pandemic will not prevent the charity’s ability to continue as a going concern. Income from donations has not reduced significantly as the church has continued to meet and engage with its members through online activities. This is following the pattern of Anglican churches across the country, where parish giving has fallen by slightly more than at Central, but still only by 7.8%. Construction work has largely been able to continue despite government restrictions on other industries, meaning the income from Bouygues is stable and will continue throughout 2021. Expenditure is highly unlikely to change during 2021 from what it was in 2020, while general reserves are at a healthy level should the need arise to utilise them.
## Electoral Roll Report
Following the review of the electoral roll in 2020 the Electoral Roll of St Philip and St Jacob with Emmanuel at the end of 2020 stands at 77. The numbers in previous years were reported to be 207 in 2014; 158 in 2015; 155 in 2016; 140 in 2017, 139 in 2018, 82 in 2019.
Statement of Trustees’ Responsibilities The Parochial Church Council of the Ecclesiastical Parish of St Philip and St Jacob, Bristol
## Year Ended 31 December 2020
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards including Financial Reporting Standard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (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 income and expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the charity will continue in business.
The trustees are responsible for keeping sufficient 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 2008 and the provisions of the trust deed/constitution. 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.
Signed by one or two trustees on behalf of all the trustees:
Name __________________________________________________________________________________
Signed ______________________________________ Date ______________________________________
Name __________________________________________________________________________________
Signed ______________________________________ Date ______________________________________
## Independent Examiner’s report to the
## Trustees of PCC of the Ecclesiastical Parish of St Philip & St Jacob
I report to the trustees on my examination of the accounts of PCC of the Ecclesiastical Parish of St Philip & St Jacob (the Charity) for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees of the Charity 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 under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## Independent Examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination 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 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.
Neil M Kingston, FCA, Burton Sweet Chartered Accountants The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR
Date: …………………………
## **PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **STATEMENT OF FINANCIAL ACTIVITIES For the year ending 31 December 2020**
|**Note**
**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
2a
Other trading activities
2b
Investments
2c
Charitable activities
2d
**TOTAL INCOME**
**EXPENDITURE ON:**
Charitable activities
Grants
3a
Direct activities
3b
**TOTAL EXPENDITURE**
Gains/(losses) on investments
NET INCOME/(EXPENDITURE)
**NET MOVEMENT IN FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**
5|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds**
**(2020)**
_Total funds_
_(2019)_
**£**
**£**
**£**
_£_
157,098
4,474
**161,572**
_179,643_
51,954
-
**51,954**
_57,486_
-
358
**358**
_457_
10,845
1,570
**12,415**
_85.096_|
|---|---|
||219,897
6,402
**226,299**
_322,682_|
||20,250
4,700
**24,950**
_23,506_
171,232
17,539
**188,771**
_311,246_|
||191,482
22,239
**213,721**
_334,752_|
||-
743
**743**
_2,249_|
||28,415
(15,094)
**13,321**
_(9,821)_|
|||
||28,415
(15,094)
**13,321**
_(9,821)_|
||26,970
38,912
**65,882**
_75,703_|
||**55,385**
**23,818**
**79,203**
_65,882_|
See Note 10 for fund-accounting comparative figures
## **PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **BALANCE SHEET AT 31 DECEMBER 2020**
|**Note**
**FIXED ASSETS**
Tangible assets
6a
Investments
6b
**CURRENT ASSETS**
Debtors - Gift Aid reclaimable
7
CBF deposits
Cash at bank and in hand
**LIABILITIES**
Amounts falling due within one year
8
Net current assets/(liabilities)
**NET ASSETS**
**FUNDS**
Unrestricted funds
9
Restricted funds
9
**TOTAL FUNDS**|**2020**
**£**
**£**
5,310
11,411
**16,721**
2,007
9,196
84,351
**95,554**
**(33,072)**
**62,482**
**79,203**
**55,385**
**23,818**
**79,203**|**2020**
**£**
**£**
5,310
11,411
**16,721**
2,007
9,196
84,351
**95,554**
**(33,072)**
**62,482**
**79,203**
**55,385**
**23,818**
**79,203**|_2019_
_£_
_£_
_5,051_
_10,668_
_15,719_
_2,543_
_9,157_
_63,180_
_74,880_
_(24,717)_
_50,163_
_65,882_
_26,970_
_38,912_
_65,882_|_2019_
_£_
_£_
_5,051_
_10,668_
_15,719_
_2,543_
_9,157_
_63,180_
_74,880_
_(24,717)_
_50,163_
_65,882_
_26,970_
_38,912_
_65,882_|
|---|---|---|---|---|
|||**16,721**||_15,719_|
|||**95,554**
**(33,072)**||_74,880_
_(24,717)_|
||||||
|||**62,482**||_50,163_|
||||||
|||**79,203**||_65,882_|
|||**55,385**
**23,818**
**79,203**||_26,970_
_38,912_
_65,882_|
Signed by one or two trustees on behalf of all the trustees:
Name __________________________________________________________________________________ Signed ______________________________________ Date ______________________________________ Name __________________________________________________________________________________ Signed ______________________________________ Date ______________________________________
## **PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **NOTES TO THE ACCOUNTS**
## **For the year ending 31 December 2020**
## **1 ACCOUNTING POLICIES**
The financial statements have been prepared in accordance with the financial reporting standard FRS 102 and the Charities SORP FRS102. The financial statements have been prepared under the historical cost convention. The Charity meets the definition of a public benefit entity under FRS 102.
The Trustees consider that there are no material uncertainties about the charity’s ability to continue as a going concern as there are no significant or longer term liabilities; and the entity has significant net assets and reserves. The trustees have given consideration to the impact of the COVID-19 pandemic over the next 12 months on both income and expenditure in reaching this conclusion, as explained in the financial review section of the Trustees Annual Report.
## **Funds**
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. 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**
_Donations and 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 gift aid donations is claimed 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.
## _Other trading income_
Rental income from the letting of church premises is recognised when the rental is due.
_Income from investments_
Interest is 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 the valuation of investments at 31 December.
## **Expenditure**
_Grants_
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
_Direct activities_
The diocesan parish share is accounted for when paid. Any parish share unpaid at 31 December is not a legal liability and is not provided for in these accounts and is not shown as a liability in the Balance Sheet.
## **Fixed Assets**
## _Consecrated land and buildings and movable church furnishings_
Consecrated and beneficial property is excluded from the accounts by s10(2)(c) of the Charities Act 2011. No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.
_Other fixtures, fittings and office equipment_
Equipment used within the church premises is written off on acquisition if it has purchase cost of £1,500 or less. Otherwise equipment is depreciated using a reducing balance of 25% per annum.
_Investments_
Investments are stated at market value at 31 December.
## _Current assets_
Amounts owing to the PCC at 31 December in respect of fees, rents, loans or other income are shown as debtors less provisions for amounts that may prove non-collectible.
Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.
**PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **NOTES TO THE ACCOUNTS**
## **For the year ending 31 December 2020**
## **2 INCOME FROM (current year):**
|**2 INCOME FROM (current year):**||
|---|---|
|_2a Donations and legacies_
Regular giving
Tax recoverable
Collections
_2b Other trading activities_
Car parking
Lease of space in churchyard
Use of church premises
_2c Investments_
Dividends and interest
_2d Charitable activities_
Grants
Church events
**INCOME FROM (previous year):**
_2a Donations and legacies_
Regular giving
Tax recoverable
Legacies
Collections
_2b Other trading activities_
Car parking
Lease of space in churchyard
Use of church premises
_2c Investments_
Dividends and interest
_2d Charitable activities_
Grants
Church events|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds**
**(2020)**
**£**
**£**
**£**
131,225
4,111
**135,336**
25,754
363
**26,117**
119
-
**119**|
||157,098
4,474
**161,572**|
||15,760
-
**15,760**
34,600
-
**34,600**
1,594
-
**1,594**|
||51,954
-
**51,954**|
||-
358
**358**|
||-
358
**358**|
||9,298
1,570
**10,868**
1,547
-
**1,547**|
||10,845
1,570
**12,415**|
||**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds**
**(2019)**
**£**
**£**
**£**
135,914
5,293
**141,207**
28,772
647
**29,419**
7,200
-
**7,200**
1,817
-
**1,817**|
||173,703
5,940
**179,643**|
||18,620
-
**18,620**
28,380
-
**28,380**
10,486
-
**10,486**|
||57,486
-
**57,486**|
||-
457
**457**|
||-
457
**457**|
||240
80,137
**80,377**
4,719
-
**4,719**|
||4,959
80,137
**85,096**|
**PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **NOTES TO THE ACCOUNTS**
## **For the year ending 31 December 2020**
## **3 EXPENDITURE ON (current year):**
|_3a Grants_
_Grants to mission personnel_
Ambassadors Football (M Bateman)
Bates, J&J
Beloved
Revill, C
_Grants to other institutions_
Bristol and District Evangelical Alliance
Heart for Madagascar
Transform Europe Now
Non-material Grants (<£250 per institution)
_3b Direct activities_
Diocesan parish share
Staff wages
Staff expenses
Clergy expenses
Employer pension costs
Ministry costs
Stationery and office costs
Building running costs
Building upkeep and professional fees
Depreciation & losses on disposal
Independent examiner remuneration
**EXPENDITURE ON (previous year):**
_3a Grants_
_Grants to mission personnel_
Ambassadors Football (M Bateman)
Bates, J&J
Beloved
Revill, C
_Grants to other institutions_
Bristol and District Evangelical Alliance
Madagascar Baby House
Transform Europe Now
Non-material Grants (<£250 per institution)|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds**
**(2020)**
**£**
**£**
**£**
6,000
-
**6,000**
7,000
-
**7,000**
2,500
-
**2,500**
4,500
-
**4,500**
180
-
**180**
-
4,068
**4,068**
-
360
**360**
70
272
**342**|
|---|---|
||20,250
4,700
**24,950**|
||60,000
-
**60,000**
60,160
-
**60,160**
155
-
**155**
1,584
-
**1,584**
1,828
-
**1,828**
5,945
-
**5,945**
6,934
-
**6,934**
27,022
-
**27,022**
4,970
17,539
**22,509**
1,770
-
**1,770**
864
-
**864**|
||171,232
17,539
**188,771**|
||**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds**
**(2019)**
**£**
**£**
**£**
6,000
16
**6,016**
7,000
14
**7,014**
4,000
-
**4,000**
4,500
10
**4,510**
180
-
**180**
-
1,300
**1,300**
-
360
**360**
126
-
**126**|
||21,806
1,700
**23,506**|
## **PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **NOTES TO THE ACCOUNTS For the year ending 31 December 2020**
## **3 EXPENDITURE ON (previous year) - continued:**
|**3 EXPENDITURE ON (previous year) - continued:**||
|---|---|
|_3b Direct activities_
Diocesan parish share
Staff wages
Staff expenses
Clergy expenses
Employer pension costs
Ministry costs
Stationery and office costs
Building running costs
Building upkeep and professional fees
Depreciation & losses on disposal
Independent examiner remuneration|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds**
**(2019)**
**£**
**£**
**£**
63,000
-
**63,000**
46,500
12,577
**59,077**
404
-
**404**
2,033
-
**2,033**
1,572
-
**1,572**
11,304
-
**11,304**
6,234
-
**6,234**
18,635
-
**18,635**
66,807
79,632
**146,439**
1,684
-
**1,684**
864
-
**864**|
||219,037
92,209
**311,246**|
## **4 STAFF COSTS**
|**4 STAFF COSTS**||
|---|---|
|Wages and salaries
Pension costs
Employer's National Insurance costs|**2020**
**_2019_**
**£**
**_£_**
**58,501**
_57,109_
**1,828**
_1,572_
**1,659**
_1,968_|
||**61,988**
_60,649_|
During the year, the PCC employed an associate leader (f/t) and church manager (f/t). The average staff headcount, paid and employed by the PCC during the year, was 2 (2019: 2). No member of staff was paid more than £60,000 per annum.
No expenses were paid to any of the trustees for their service as trustees (2019: nil). Tim Silk was paid clergy expenses as stated in note 3b. Tim Browne was employed as associate leader and Kathryn Thomas was employed as church manager; both served as trustees during the year, in accordance with Section 7A of the Parochial Church Councils (Powers) Measure 1956. Tim Browne was paid total remuneration of £31,643 (2019: £31,163) and additionally the PCC made employer’s pension contribution of £994 (2019: £846). Kathryn Thomas was paid total remuneration of £27,013 (2019: £2,250) and additionally the PCC made employer’s pension contribution of £834 (2019: £70).
The charity received donations totalling £32,680 (2019: £41,595) from 28 trustees and related parties (2019: 29).
The total aggregate employment benefit received by key management personnel was £34,220 (2019: £34,027).
## **PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **NOTES TO THE ACCOUNTS**
## **For the year ending 31 December 2020**
## **5 MOVEMENT IN FUNDS**
|**Restricted funds - current year**
Building and Restoration Fund
Memorial Window Fund
Rob Allan - capital
Rob Allan - interest
Charity Account (see note 6b)
Investment Fund (see note 6b)
Mission Giving
Total restricted funds
**Restricted funds - previous year**
Building and Restoration Fund
Memorial Window Fund
Rob Allan - capital
Rob Allan - interest
Charity Account (see note 6b)
Investment Fund (see note 6b)
Ministry staff wage fund
Mission Giving
Total restricted funds|**Balance at**
**1.1.20**
**Income &**
**Other Gains**
**Expense**
**Transfers**
**Balance at**
**31.12.20**
**£**
**£**
**£**
**£**
**£**
_18,924_
1,788
(17,539)
-
**3,173**
_2,874_
-
-
-
**2,874**
_1,030_
-
-
-
**1,030**
_394_
4
-
-
**398**
_2,491_
196
(46)
-
**2,641**
_10,668_
743
-
-
**11,411**
_2,531 _
4,414
(4,654)
-
**2,291 **|
|---|---|
||_38,912_
7,145
(22,239)
-
**23,818**|
||**Balance at**
**1.1.19**
**Income &**
**Other Gains**
**Expense**
**Transfers**
**Balance at**
**31.12.19**
**£**
**£**
**£**
**£**
**£**
_5,309_
83,045
(79,632)
10,202
**18,924**
_2,824_
50
-
-
**2,874**
_1,030_
-
-
-
**1,030**
_386_
8
-
-
**394**
_2,299_
192
-
-
**2,491**
_18,620_
2,249
-
(10,201)
**10,668**
_12,500_
78
(12,577)
(1)
**-**
_1,070_
3,161
(1,700)
-
**2,531**|
||_44,038_
88,783
(93,909)
-
**38,912**|
The Building and Restoration Fund is made up of restricted donations to be used towards the repair and maintenance of the fabric of the building.
The Memorial Window Fund was created in 2016 in order to raise approximately £6,000 for a stained glass window in honour of Canon Malcolm Widdecombe.
The Rob Allan Fund was established with a bequest. A small donation from another source was added in 1994. By PCC decision the capital is invested (at the Central Board of Finance) and the Vicar and Churchwardens have been delegated the authority at their discretion to spend the interest as book grants to evangelical students.
For information about the Charity Account and Investment Funds, see note 6b.
The Mission Giving fund comprises restricted donations given in support of the church's mission partners.
|**Unrestricted funds - current year**
Designated funds - major building work
Designated funds - asset replacement
General funds
Total unrestricted funds|**Balance at**
**1.1.20**
**Income &**
**Other**
**Gains**
**Expense**
**Transfers**
**Balance at**
**31.12.20**
**£**
**£**
**£**
**£**
**£**
_235_
-
(4,440)
13,154
**8,949**
_17,287_
-
(530)
4,195
**20,952**
_9,448_
219,897
(186,512)
(17,349)
**25,484**|
|---|---|
||_26,970_
219,897
(191,482)
-
**55,385**|
## **PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **NOTES TO THE ACCOUNTS**
## **For the year ending 31 December 2020**
## **5 MOVEMENT IN FUNDS (continued)**
|**Unrestricted funds - previous year**
Designated funds - major building work
Designated funds - asset replacement
General funds
Total unrestricted funds|**Balance at**
**1.1.19**
**Income &**
**Other**
**Gains**
**Expense**
**Transfers**
**Balance at**
**31.12.19**
**£**
**£**
**£**
**£**
**£**
_1,240_
-
(29,625)
28,620
**235**
_14,065_
-
(599)
3,821
**17,287**
_16,360_
236,148
(210,619)
(32,441)
**9,448**|
|---|---|
||_31,665_
236,148
(240,843)
-
**26,970**|
There are two designated funds that the PCC has established. Resources have been set aside for major work to the fabric of the building. In addition, there is a sum of money designated towards the replacement of equipment that has a limited lifespan, such as computers, audio-visual equipment and the gas boiler.
## **6 FIXED ASSETS**
|_6a Tangible assets_
**Cost and valuations**
1st January 2020
Additions
31st December 2020
**Depreciation**
1st January 2020
Charge for year
31st December 2020
**Net book values**
**At 31st December 2020**
At 31st December 2019|**Furniture,**
**fittings and**
**equipment**
**Total**
**£**
**£**
_26,545_
_26,545_
2,029
2,029|
|---|---|
||**28,574**
**28,574**|
||_(21,494)_
_(21,494)_
(1,770)
(1,770)|
||**(23,264)**
**(23,264)**|
|||
||**5,310**
**5,310**|
||_5,051_
_5,051_|
## _6b Investments_
Many small stock holdings were consolidated into an investment that represented the principal aims of the bequests - relief of the poor. The Trustees of these funds are the Vicar and Churchwardens in office. There are two other investments held by the Bristol Diocesan Board of Finance Limited as Custodian Trustee. One is for the relief of the poor, the other for maintenance of the church building. All three are invested at the Central Board of Finance. The dividends for the maintenance of the building are credited to the Building and Restoration Fund. Those for the relief of the poor are credited to the Charity Account, which is managed by the Church Treasury on behalf of the Trustees.
|Trust 65 (Poor of the parish); DBF custodian trustee
121 CBF investment shares
Trust 238 (Chancel repairs); DBF custodian trustee
223 CBF investment shares
Mary Cannington charity (Relief of the poor)
213 CBF investment shares|**Market value**
**2020**
**2019**
**£**
**£**
**2,479**
_2,319_
**4,568**
_4,275_
**4,364**
_4,074_|
|---|---|
||**11,411**
_10,668_|
## **PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **NOTES TO THE ACCOUNTS**
## **For the year ending 31 December 2020**
## **7 DEBTORS and PREPAYMENTS**
|**TORS and PREPAYMENTS**||
|---|---|
|Income tax recoverable|**2020**
**_2019_**
**£**
**_£_**
**2,007 **
_2,543_|
||**2,007**
_2,543_|
## **8 LIABILITIES - AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Tax and NI
Mission grants
Trade creditors
Other creditors
Accruals|**2020**
**_2019_**
**£**
**_£_**
**1,271**
_1,578_
**21,918**
_21,500_
**8,863**
_551_
**192**
_260_
**828**
_828_|
|---|---|
||**33,072**
_24,717_|
## **9 ANALYSIS OF NET ASSETS BY FUND**
|**9 ANALYSIS OF NET ASSETS BY FUND**||
|---|---|
|**Current year**
Fixed assets
Current assets
Current liabilities
**Previous year**
Fixed assets
Current assets
Current liabilities|**Unrestricted**
**(General)**
**Unrestricted**
**(Designated)**
**Restricted**
**Total (2020)**
**£**
**£**
**£**
**£**
5,310
-
11,411
**16,721**
53,246
29,901
12,407
**95,554**
(33,072)
-
-
**(33,072)**|
||25,484
29,901
23,818
**79,203**|
||**Unrestricted**
**(General)**
**Unrestricted**
**(Designated)**
**Restricted**
**Total (2019)**
**£**
**£**
**£**
**£**
5,051
-
10,668
**15,719**
29,114
17,522
28,244
**74,880**
(24,717)
-
-
**(24,717)**|
||9,448
17,522
38,912
**65,882 **|
**PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **NOTES TO THE ACCOUNTS**
## **For the year ending 31 December 2020**
## **10 SOFA FUND ANALYSIS COMPARATIVE FIGURES**
|**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
Other trading activities
Investments
Charitable activities
**TOTAL INCOME**
**EXPENDITURE ON:**
Charitable activities
Grants
Direct activities
**TOTAL EXPENDITURE**
Gains/(losses) on investments
NET INCOME/(EXPENDITURE)
Transfers between funds
**NET MOVEMENT IN FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds**
**(2019)**
**£**
**£**
**£**
173,703
5,940
**179,643**
57,486
-
**57,486**
-
457
**457**
4,959
80,137
**85,096**|
|---|---|
||236,148
86,534
**322,682**|
||21,806
1,700
**23,506**
219,037
92,209
**311,246**|
||240,843
93,909
**334,752**|
||-
2,249
**2,249**|
||(4,695)
(5,126)
**(9,821)**|
||-
-
**-**|
||(4,695)
(5,126)
**(9,821)**|
||31,665
44,038
**75,703**|
||**26,970**
**38,912**
**65,882**|