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2020-12-31-accounts

Parochial Church Council of Holy Trinity Church Boston

_____________

ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL

For the year ended 31 December 2020.

ADMINISTRATIVE INFORMATION

Holy Trinity Church, Spilsby Road, Boston is part of the Diocese of Lincoln within the Church of England. Under the terms of section 3 of the Parochial Church Councils’ (Powers) Measure 1956 the Parochial Church Council (PCC) is a body corporate and a charity registered with the Charity Commission – Charity Registration Number: 1132300.

The accounts have been prepared in accordance with the requirements of the Charities Act 2011, the Statement of Recommended Practice “Accounting and Reporting for Charities” (FRS 102) issued by the Charity Commission, The Charities (Accounts and Reports) Regulations 2008 and the Church Accounting Regulations 2006.

PCC members who have served from 1 January 2020 until the date this report was approved are as follows:

Incumbent Rev Lis Ward
Rev Ian Ward		 Chair
Associate Vicar
Curate Rev Jon Speirs-Davis From July 2020
Youth Worker Mrs Esther Lockley
Pastoral Outreach
Worker		 Mrs Paula Sargeant
Churchwardens Mr Trevor Dunnington
Mr Dennis Pain
Mrs Sandra Snell
Mr Barry Moseley		 Until Oct 2020
Until Oct 2020
From Oct 2020
From Oct 2020
Representatives on the
Deanery Synod		 Mr Nigel Andrews
Mr Edward Barkham
Mrs Anne O’Connor
William Barr
Barbara Parkinson
David Wilkinson		 Until Oct 2020
Treasurer
Until Oct 2020
From Oct 2020
From Oct 2020
From Oct 2020
Elected Members Mr Francis Abiodun
Mr David Acheson
Miss Ellie Blackburn
Mrs Anne Bladon From Oct 2020
PCC Secretary Mrs Barbara Booth
Mr Tim Booth
Mrs Moira Goddard From Oct 2020
Mr Anthony Jackson
Mrs Barbara Parkinson Until Oct 2020
Leila Peel From Oct 2020
Mrs Heather Percival
Mrs Glenda Rutt
Mr Philip Smith
Dr Sola Taiwo
Mrs Alison Tulloch From Oct 2020
Mr Graham Tulloch From Oct 2020
Mr David Wilkinson Until Oct 2020

1

Parochial Church Council of Holy Trinity Church Boston

_____________

TRUSTEES’ RESPONSIBILITIES IN RELATION TO THE FINANCIAL STATEMENTS

The Trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and regulations.

Charity law requires the Trustees to prepare financial statements for each financial year in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law).

Under charity law the Trustees must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the charity and of its net incoming/outgoing resources for that period. In preparing these financial statements, the Trustees are required to:

The Trustees are responsible for keeping proper accounting records that are sufficient to show and explain the charity’s transactions and 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. 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.

STRUCTURE, GOVERNANCE AND MANAGEMENT

The method of appointment of PCC members is set out in the Church Representation Rules 2020. All church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.

Members of the PCC are aware of potential risks both financial and otherwise that might occur either in the church or the Trinity Centre (church hall). They have taken appropriate action to control and minimise these risks.

There are five PCC Committees, which meet between full PCC meetings. These are:

All these committees report back to full PCC meetings.

Members of the Prayer Ministry Team are available after the main morning services and during the administration of Holy Communion at 10.30 am and 6.30 pm. The team is also available to pray with people during Healing & Wholeness Services.

Our current service pattern until the March 2020 lockdown is as follows:

Sunday 10.30 am 6.30 pm
1st All Age Service Evening Worship with Holy Communion
2nd Morning Worship Evening Worship
3rd Holy Communion Messy Church at 4.00 pm
4th Morning Worship Evening Worship
5th Morning Worship Evening Worship

2

Parochial Church Council of Holy Trinity Church Boston

_____________

Evening Worship is an informal service which takes place in the prayer space in Church. This service includes sung worship, time for reflection, bible readings and time for more in depth talks and bible studies. On the first Sunday it also includes Holy Communion.

Messy Church a different kind of Church for all the family.

A service of Holy Communion is held on the 2[nd] , 4[th] & 5th Sunday mornings at 8.00 am.

In March 2020 due to the closure of the church building, services were recorded, going out on Sunday mornings, with the ability to watch again during the week.

From August 2020 some services have been able to take part in church depending on national restrictions, and from September 2020 the main services have been live-steamed via YouTube. These were usually:

9.30am Family Worship – short service led by the Youth and Children worker and team with live and recorded elements. Open for attendees in church when possible.

10.30am Worship Together – main service with live and recorded elements. Open for attendees in church when possible.

There have also been Thursday morning communion services during August – October. Over the Christmas period the usual Christingle service, Carol Services, Crib and Christmas services were both live streamed and open to attendees.

OBJECTIVES AND ACTIVITIES

Holy Trinity’s Parochial Church Council (PCC) has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has responsibility for the management of the Church property in the parish – Holy Trinity Church, The Trinity Centre (the church hall), and 43 Spilsby Road.

ACHIEVEMENTS AND PERFORMANCE

Church Attendance

There are 201 members on the Church Electoral Roll. Of the 201, 107 (53%) live in the parish and 94 (47%) live outside of the parish. This is a decrease of 37 members on last year’s Electoral Roll.

The average Sunday attendance during 2020 was 142 adults and 35 children up until 15[th] March 2020. Due to the global pandemic, opening restrictions were imposed by the government and the following figures include a mix of Live Streaming and YouTube views along with some live attendance when restrictions allowed. We are unable to split the figures into Adult & Children. The average views/attendance was 179 (2019 figures - 147 adults and 37 children). These figures include attendance at 8.00 am Holy Communion, 10.30 am service and 6.30 pm service, but are only per household and do not take into account where more than one person watches per household.

Attendance at Special Services was as follows calculated as specified above

Easter Day adults and children 290
Harvest Festival adults and children 230
Christmas Carol Service adults and children 325
Crib Service adults and children 111
Christmas Eve adults and children 86
Christmas Day adults and children 124

Occasional Services in 2020

Baptisms 3
Thanksgiving for the gift of a child 0
Weddings 0
Thanksgiving for Marriage/Blessing 0
Funerals in Church 2
Burial of Ashes 0
Confirmation 0

3

Parochial Church Council of Holy Trinity Church Boston

_____________

Review of the PCC Year

In 2020 the PCC met 3 times physically and 4 times on Zoom. The average attendance at PCC meetings in 2020 was 80% (81% in 2019). At the first meeting of the new PCC on 13th October 2020 the following elections and appointments were voted on and approved:

PCC Chair: Rev Lis Ward
PCC Vice Chair: Sandra Snell
Deputy Churchwardens: David Acheson
Frances Abioudun
PCC Treasurer: Edward Barkham
PCC Secretary: Barbara Booth
PCC Minute Secretary: Nikki Jackson
Project Officer: Barry Moseley

2020 presented a challenge to all Charity Organisations, and for Holy Trinity it was no different! It was agreed (in consultation with those members and officers affected) that they would continue in their roles until such time as an Annual Parish Church Meeting could be held, and new members and officers elected. With a ‘break in lockdown’ it was finally possible to hold the APCM in October. Circumstances dictated that some of those elected may only serve for the period to the next APCM – scheduled for April 2021, and this was agreed by the persons affected. Those attending the APCM agreed a proposal for future elections whereby those eligible to vote would be able to do so by way of a Postal Voting system, and this process had to be set up by the PCC.

Between March and September, the vicar sent email updates to the PCC with relevant issues. With the imposition of further lockdown restrictions all PCC meetings from September have taken place using Zoom technology, with printed copy being provided to Members who did not have access to this facility. As well as PCC business, members receive and make decisions on reports from a variety of sub-committees: - Leadership Team, Finance & Fabric, Standing, along with regular update reports from Treasurer, Youth Worker, Pastoral Outreach Worker and National & International Mission Group. The following areas were discussed and agreed by the PCC during 2020, although this is by no means a complete list:

Thank you to all PCC members and members of the church who so faithfully attend PCC meetings and PCC sub-committees throughout the year. Also, thank you to everyone who has helped, prayed for and supported the work of the PCC during the course of the last year. The prayer support of the church is vital to the work of the PCC.

4

Parochial Church Council of Holy Trinity Church Boston

_____________

HOLY TRINITY CHURCH AND TRINITY CENTRE FABRIC REPORT

Church and Lounge

Trinity Centre

43 Spilsby Road

Financial Review

For the year ended 31[st] December 2020, the accounts show that the PCC made a deficit of income over expenditure of £1,019.05. This compares with a surplus of £13,016.42 in 2019.

The start of lockdown in March 2020 and subsequent restrictions on our usual church activities prove very disruptive in terms of both our income and expenditure. Overall expenditure was £20,295.47 (or 9.75%) lower than in 2019. Income was also lower than in 2019 by £34,330.94 (or 15.53%). However, in 2019 the income was boosted by the proceeds of the gift day (£12,364.00) and the £10,000.00 grant for pastoral outreach work that was received from the Boston Municipal Non-Educational Charities. The main differences in income for 2020, compared with 2019, were as follows –

Planned giving through standing orders showed an increase to £70,751.62 (2019 £62,250.60), whilst envelope giving reduced to £9,024.30 (2019 £20,177.40). As mentioned above, loose cash offerings decreased to £2,855.67.

The main differences in expenditure for 2020, compared with 2019, were -

5

Parochial Church Council of Holy Trinity Church Boston

_____________

Unrestricted funds showed a surplus for the year of £6,573.73 and a fund balance of £361,159.32. £261,636.30 of this relates to fixed assets, so the fund balance for unrestricted current assets is £99,523.02. The total restricted funds showed a deficit of £7,592.78 and a fund balance of £31,597.52.

Reserves Policy

It is PCC policy to maintain a balance of £30,000 on unrestricted funds (if possible) to cover emergency situations that may arise from time to time.

It is also PCC policy that surplus funds are invested with the CBF Church of England Deposit Fund which offers security and an attractive interest rate.

At 31[st] December 2020 the balance held in the General Fund was £65,614.77.

Approved by the Parochial Church Council on 3rd March 2021 and signed on its behalf by

Rev Lis Ward

Vicar

6

Parochial Church Council of Holy Trinity Church Boston

_____________

Statement of financial activities

For the year ending 31 December 2020

Notes
Income and
endowments from
Donations and legacies
2(a)
Investments
2(b)
Income from charitable activities
2(c)
Other income
2(d)
Hall income
2(e)
Expenditure on
Costs of generating voluntary income
3(a)
Cost of generating funds
3(e)
Expenditure on charitable activities
3(b)
Other expenditure
3(c)
Hall expenditure
3(d)
Net income /(expenditure) resources
before transfers
Gross transfers between funds - in
- out
Net movement in funds
Balances b/f 1st Jan 2020
Balances c/f 31st Dec 2020		 Unrestricted
funds
£
125,498.08
287.26
3,560.04
12,664.04
11,080.35		 Restricted
funds
£

4,232.50

130.45

-

29,337.41

-		 Endowment
funds
£

-

-

-

-
-
Total funds
2020
£

129,730.58

417.71

3,560.04

42,001.45
11,080.35		 Total funds
2019
£

140,478.08

663.00

10,173.22

52,849.59

16,957.18
153,089.77
33,700.36
-		 186,790.13
221,121.07
105.10
1,231.78
99,785.71
29,203.41
16,190.04
-

-

38,920.91

2,372.23

-
-

-

-

-
-
105.10

1,231.78

138,706.62

31,575.64
16,190.04
102.38

4,436.32

142,250.47

38,540.93

22,774.55
146,516.04
41,293.14
-		 187,809.18
208,104.65
6,573.73
69,747.33
(69,747.33)
(7,592.78)

25,690.47

(25,690.47)
-

-

-
(1,019.05)

95,437.80

(95,437.80)
13,016.42

134,845.23
(134,845.23)
6,573.73
354,585.59
(7,592.78)

39,190.30
-

**- **
(1,019.05)

393,775.89
13,016.42

380,759.47
361,159.32
31,597.52
-		 392,756.84
393,775.89

7

Parochial Church Council of Holy Trinity Church Boston

_____________

Balance sheet

As at 31 December 2020

Notes
Fixed assets
Tangible assets
5
Current assets
Debtors
6
Cash at bank and in hand
Liabilities
Creditors: amounts falling due within one year
7
Net current assets or liabilities
Total assets less current liabilities
Net assets or liabilities
The funds of the charity
8
Restricted income funds
Total designated funds
Total unrestricted funds		 Unrestricted
funds
£

261,636.30
Restricted
funds
£
-		 Endowment
funds
£
-
Total funds
2020
£

261,636.30		 Total funds
2019
£


263,692.86
261,636.30
23,482.44
79,959.74
-

1,043.30

31,676.85
-
-
-
261,636.30

24,525.74
111,636.59
263,692.86

26,749.86

108,579.19
103,442.18
3,919.16
99,523.02
361,159.32
32,720.15

1,122.63

31,597.52

31,597.52		 -
-
-
-
136,162.33

5,041.79

131,120.54
392,756.84
135,329.05

5,246.02

130,083.03

393,775.89
361,159.32
31,597.52		 -
392,756.84
393,775.89
-
295,544.55
65,614.77
31,597.52

-		 -
-




31,597.52
295,544.55

65,614.77




39,190.30

302,431.64
52,153.95
361,159.32
31,597.52		 -
392,756.84
393,775.89

Approved by the Parochial Church Council on 3rd March 2021 and signed on its behalf by

Rev. Lis Ward Vicar

Edward Barkham

8

Parochial Church Council of Holy Trinity Church Boston

_____________

The notes on pages 9 to 19 form part of these accounts Notes to the financial statements For the year ended 31 December 2020

1. Accounting policies

The accounts are prepared under the historical cost convention, in accordance with the Church Accounting Regulations 2006 and Accounting and Reporting for Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with FRS 102 (effective 1 January 2016) – (Charities SORP (FRS 102)) and the Charities Act 2011.

Funds

Endowment funds are funds, the capital of which must be maintained; only income arising from investment of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established.

Restricted funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is appointed to individual funds on an average balance basis.

Unrestricted funds are general funds, which can be used for PCC ordinary purposes.

Incoming resources

Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts are due. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.

Resources expended

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation to the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross.

Fixed assets

Consecrated and benefice property is not included in the accounts in accordance with s.96 (2)(a) of the Charities Act 1993.

Movable church furnishings held by the vicar and church wardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Individual items that cost more than £1,000 are capitalised and depreciated over the course of their expected life. Expenditure on items that cost less than £1,000 has been written off when incurred.

Investments are valued at market value at 31 December

9

Parochial Church Council of Holy Trinity Church Boston

_____________

Current assets

Amounts owing to the PCC at the year end in respect of tax reclaims and other income are shown as debts less other provision for amounts which may prove to be uncollectable. Short-term deposits include cash held on deposit either with the Central Board of Finance or at the bank.

Pension policy

All eligible employees are automatically enrolled into a pension scheme managed by NEST Pensions. Both the PCC and eligible employees contribute at the prevailing rates.

Tax status

As a charity, the PCC is exempt from paying income and corporation tax, but does have to pay value added tax.

2. Income and endowments

2(a)Donations and legacies
Envelopes
Banker’s orders
Loose cash
Income tax recovered
Gift aid special Sundays
Special collections
Donation/gift day
Donation/other
Legacies
Wedding/Funeral Collections in church
2(b)Investments
Bank interest – general fund
Bank interest – other funds
2(c)Income from charitable activities
Parochial fees
Trinity news
Café Takings
CAMEO Weekly Subs
Community Lunch
Quiz Evening
2(d)Other income
Photocopier - private use
Alpha Course
From hall and lounge
Church fabric Allocation
Youth worker		 Unrestricted
funds
£
9,024.30
70,751.62
2,855.67
18,783.70
94.50
2,660.65
-
17,255.20
4,072.44
-		 Restricted
funds
£
-
-
-

592.50

-

-

-

3,640.00

-

-		 Endowment
funds
£

-

-

-

-

-

-

-

-

-

-		 Total funds
2020
£

9,024.30

70,751.62

2,855.67

19,376.20

94.50

2,660.65

-

20,895.20

4,072.44

-		 Total funds
2019
£

20,177.40

62,250.60

11,008.11

20,948.93

265.25

4,780.85

12,364.00

4,902.00

3,422.29

358.65
125,498.08
4,232.50
-
129,730.58
140,478.08
153.46
133.80		 -

130.45


-

-


153.46
264.25
145.61

517.39
287.26 130.45 -
417.71
663.00
1,139.00
325.50
1,771.54
-
324.00
-		 -
-
-
-

-
-


-

-

-

-

-
-


1,139.00

325.50

1,771.54

-

324.00
-
2,461.00

501.35

6,444.49

186.61

293.77
286.00
3,560.04 -
-
3,560.04
10,173.22
58.40
-
-
2,000.00
-		 -
-
-

-

17,376.10


-

-

-

-

-


58.40

-

-

2,000.00

17,376.10
90.98

151.00

1,000.00

2,000.00

18,142.50

10

Parochial Church Council of Holy Trinity Church Boston

_____________

Insurance Claim
Miscellaneous
Coffee
Mowbray bequest
Rent 43 Spilsby Rd
43 Spilsby Rd Allocation
Small Groups
HMRC Job Retention Scheme
VAT Reclaimed
Heating
PA
KPW
BMNEC Grant
POW
Re-Ordering
2(e)Hall income
Lettings
Donations
Miscellaneous Income
HMRC Job Retention Scheme
VAT Reclaimed
TOTAL		 Unrestricted
funds
£
545.00
58.00
80.19
4,179.05
1,920.00
2,000.00
36.00
1,678.35
44.05
65.00
-
-
-
-
-		 Restricted
funds
£

-
-
-
-

-

-

-

-

-

-

225.00

1,050.01

-

10,686.30
-		 Endowment
funds
£

-

-

-

-

-

-

-

-

-

-

-

-

-

-
-		 Total funds
2020
£

545.00

58.00

80.19

4,179.05

1,920.00

2000.00

36.00

1,678.35

44.05

65.00

225.00

1,050.01

-

10,686.30
-		 Total funds
2019
£

-

200.00

316.04

3,741.33

1,920.00

2,500.00

339.99

-

18.00

585.00

225.00

1,092.50

10,000.00

10,212.25
315.00
12,664.04
29,337.41
-
42,001.45
52,849.59
9,865.05
300.00
-
915.30
-		 -
-

-

-
-


-

-

-

-

-


9,865.05

300.00

-

915.30

-
15,953.16

802.00

30.00

-

172.02
11,080.35
-
-
11,080.35
16,957.18

153,089.77 33,700.36
-
186,790.13		 221,121.07

In 2019, income of £53,900.84 related to restricted funds, with the balance of all other income totalling £167,220.23 relating to unrestricted funds.

11

Parochial Church Council of Holy Trinity Church Boston

_____________

3. Expenditure

3(a)Cost of generating voluntary income
Envelopes - envelope giving
3(b)Expenditure on charitable activities
Vicar - expenses of office
YW - expenses of office
Readers, Ordinands, ALM – Book Allowance
Vicar – Book Allowance
Godly Play
BMNEC Grant
Pastoral Outreach Work
Community Lunch
CAMEO Expenses
Administrators
Property stewards
Church cleaner
Employer’s Pension Contributions
Youth worker salary
Kitchen
POW
Gas
Electricity
Insurance (church and organ)
Repairs and maintenance
Churchyard maintenance
Insurance 43 Spilsby Rd
Repairs 43 Spilsby Rd
43 Spilsby Road Budget
Trinity news
Vicar – telephone
YW – telephone
Communion wine and wafers
Training/conferences
Independent examiner
Payroll charges
Tithe
Parish share
Special collections
3(c) Other expenditure
Debtor written off
Evangelism initiatives
It’s your move books
Holiday club/kidz connect
Schools		 Unrestricted
funds
£
105.10		 Restricted
funds
£

**- **		 Endowment
funds
£

**- **		 Total funds
2020
£

105.10		 Total funds
2019
£


102.38
105.10
-		 - 105.10
102.38
117.22
-
41.00
47.87
-
-
31.48
335.65
-
14,880.04
1,658.93
5,236.68
-
-
-
-
1,047.02
913.21
3,695.61
1,004.06
2,145.62
369.00
5,539.92
2,000.00
33.77
570.17
-
11.22
440.00
800.00
642.12
14,210.05
41,289.93
2,725.14
-

261.83

-

-

-

387.84
-

-

-

-

-
-

747.96
22,392.44

-
14,711.65

-
-

-
-
-
-

-

-

-

-

281.91
-
-

-

137.28

-

-

-
-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-
-
117.22

261.83

41.00

47.87

-

387.84

31.48

335.65

-

14,880.04

1,658.93

5,236.68

747.96

22,392.44

-

14,711.65

1,047.02

931.21

3,695.61

1,004.06

2,145.62

369.00

5,539.92

2,000.00

33.77

570.17

281.91

11.22

440.00

800.00

779.40

14,210.05

41,289.93
2,725.14
372.60

72.90

102.00

-

500.92

828.43

23.12

494.33

295.60

14,491.08

1,535.40

4,948.23

663.15

22,462.84

94.51

14,629.32

1,484.28

1,738.37

3,605.65

700.84

2,895.22

528.07

2,241.51

2,500.00

461.43

577.10

269.05

124.05

1,454.40

800.00

582.60

14,800.61

41,425.00

4,547.86
99,785.71 38,920.91 **- **
138,706.62		 142,250.47
-
300.00
192.00
49.14
26.64
-

-

-

-

-
-

-

-

-

-
-

300.00

192

49.14

26.64
156.05

300.00

228.00

1,237.70

7.13

12

Parochial Church Council of Holy Trinity Church Boston

_____________

Sunday Morning Teaching & Resources
CYFA Teaching & Resources
Youth Evangelism
Sundries
Printing and stationery
Photocopier
Office equipment
Purchase of books
Copyright/licence
Church office – telephone
Postages
Catering
Alpha Courses
Flowers
Church service expenses
Data developments
Gifts
Assistant youth leader expenses
Messy church
Sundries
Sundries (not budget)
Tax reclaimed
Small Groups
Evangelism
Mowbray bequest
Voluntary work support
Coffee
Quinquenial
Depreciation
PA
Music
Allocations – YW
Allocations – POW
Allocations – fabric fund
Website
AV Project
3(d)Hall expenditure
Cleaning
Electricity
Gas
Churchyard
Water rates
Hall repairs/maintenance
Lounge repairs/maintenance
Payment to church
Lounge Capital Expenditure		 Unrestricted
funds
£
457.57
85.81
479.11
-
288.12
537.09
6.99
44.66
171.59
372.82
63.72
108.19
41.49
-
493.96
150.01
100.43
-
45.83
198.36
-
94.50
174.89
264.00
4,179.05
-
187.00
2,865.56
2,056.56
-
-
7,946.00
5,110.00
2,000.00
112.32
-		 Restricted
funds
£

-

-

-

-

-

-

-

-

-

-

-

-

-

-

215.00

-

-

-

-

-

2,041.54

-

-

-

-

-

-

-

-

99.70

-

-

-

-
-
15.99		 Endowment
funds
£

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-

-		 Total funds
2020
£

457.57

85.81

479.11

-

288.12

537.09

6.99

44.66

171.59

372.82

63.72

108.19

41.49

-

708.96

150.01

100.43

-

45.83

198.36

2,041.54

94.50

174.89

264.00

4,179.05

-

187.00

2,865.56

2,056.56

99.70

-

7,946.00

5,110.00

2,000.00

112.32
15.99		 Total funds
2019
£

329.11

395.68

776.89

357.07

240.83

909.74

1,013.30

66.67

913.48

475.47

85.27

794.88

316.67

81.40

615.49

151.51

81.34

250.00

251.85

235.13

5,294.27

265.25

477.09

234.00

3,741.33

180.00

739.80

-

2,056.56

54.95

17.40

7,685.00

4,966.00

2,000.00

162.62

396.00
29,203.41 2,372.23 - 31,575.64 38,540.93
6,079.93
1,285.70
1,046.94
451.63
894.15
2,621.74
893.82
-
423.94		 -
-
-

-

-

-

-

-

-		 -
-
-

-

-

-

-

-

-		 6,079.93
1,285.70
1,046.94

451.63

894.15

2,621.74

893.82

-

423.94		 5,628.24
2,033.33
1,484.27

651.24

144.73

3,387.85

399.64

1,000.00

4,960.07

13

Parochial Church Council of Holy Trinity Church Boston

_____________

Hall/Lounge Sundries
Insurance
3(e)Costs of generating funds
Café - Food
Café - other
TOTAL		 Unrestricted
funds
£
644.39
1,847.80		 Restricted
funds
£

-

-		 Endowment
funds
£

-
-		 Total funds
2020
£

644.39
1,847.80		 Total funds
2019
£

1,282.35

1,802.83
16,190.04 - - 16,190.04 22,774.55
1,124.65
107.13
-

-
-
-
1,124.65
107.13
3,876.71

559.61
1,231.78 - - 1,231.78 4,436.32

146,516.04 41,293.14 -
187,809.18
208,104.65

In 2019, £41,531.77 of expenditure related to restricted funds, with the balance of £166,572.88 relating to unrestricted funds.

14

Parochial Church Council of Holy Trinity Church Boston

_____________

4. Staff costs

During the year the PCC employed an administrator, assistant administrator, two property stewards, two trinity centre cleaners, church cleaner, youth worker and pastoral outreach worker and accounted to HM Revenue & Customs for Tax and NI collected. The clergy’s stipend, pension contributions and housing costs are met by the Lincoln Diocesan Trust and Board of Finance Ltd. The PCC helps fund the LDTBF Ltd through its parish share payments.

Salaries and wages
Employer’s NIC
Pension costs
Total employment costs
Staff expenses and other costs
Total staff costs		 2020
£
64,783.10
-
767.96
65,551.06
438.40
65,989.46		 2019
£
63,523.01
-
663.15
64,186.16
513.05
64,699.21

The total staff employed numbered 9 (2019 - 9). No employee earned £60,000 or more.

(b) Payment to PCC members

Expenses of Office were paid to the Vicar.

Six PCC members were reimbursed for expenses incurred in the course of duties on behalf of the church.

No other payments or expenses were paid to any other member of the PCC, persons closely connected with them or related parties.

15

Parochial Church Council of Holy Trinity Church Boston

_____________

5. Fixed assets

Cost or
Valuation
Balance at 1st
January 2020
Additions
Disposals
Balance at 31st
December 2020
Depreciation
Balance at 1st
January 2020
Charge for the
year
Released on
disposal
Balance at 31st
December 2020
Net Book
Value		 Freehold
land and
buildings
£
Boilers
£
Photocopier
£
Total
£
230,000.00
35,160.00
3,250.80
268,410.80
-
-
-
-
-
-
-
-
230,000.00
35,160.00
3,250.80
268,410.80
-
2,930.00
1,787.94
4,717.94
-
1,406.40
650.16
2,056.56
-
-
-
-
-
4,336.40
2,438.10
6,774.50
At 1stJanuary
2020		 230,000.00
32,230.00
1,462.86
263,692.86
At 31st
December 2020		 230,000.00
30,823.60
812.70
261,636.30
NOTES

The freehold land and buildings comprise:

6. Debtors

Unrestricted funds
Tax recoverable
Prepayments
Other debtors
Restricted funds
Tax recoverable
Other debtors
Total debtors		 2020
£
3,111.81
1,668.83
18,701.80
23,482.44
1,034.75
8.55
1,043.30
24,525.74		 2019
£
5,031.37
2,373.88
18,468.81
25,874.06
867.25
8.55
875.80
26,749.86

16

Parochial Church Council of Holy Trinity Church Boston

_____________

7. Liabilities: amounts falling due within one year

Unrestricted funds
Un-cleared cheques
Other creditors
Accruals
Restricted funds
Creditors
Total creditors		 2020
£
-
3,663.28
255.88
3,919.16
1,122.63
1,122.63
5,041.79		 2019
£
722.60
3,187.56
618.61
4,528.77
717.25
717.25
5,246.02
  1. Movement of funds during the year
UNRESTRICTED Balance b/f Income Expenditure Transfers & Balance c/f
FUNDS £ £ £ revaluations £
£
General fund 52,153.95 133,315.08 (119,854.26) - 65,614.77
Designated funds
Café fund 3,867.73 1,790.08 (1,231.78) - 4,426.03
Community Lunch fund 92.66 324.19 (335.65) - 81.20
Re-ordering fund 5,557.25 23.58 - - 5,580.83
Fabric fund 8,939.32 2,036.05 (729.56) - 10,245.81
43 Spilsby Road fund 4,718.41 4,467.92 (5,908.92) - 3,277.41
Hall and Lounge fund 13,058.82 11,122.26 (16,399.31) - 7,781.77
Youth Groups fund 151.02 0.63 - - 151.65
Fixed asset fund 263,692.86 - (2,056.56) - 261,636.30
KPW fund 2,353.57 9.98 - - 2,363.55
Total designated funds 302,431.64 19,774.69 (26,661.78) - 295,544.55
Total unrestricted funds 354,585.59 153,089.77 (146,516.04) - 361,159.32
RESTRICTED FUNDS
Christmas Fund - 215.00 (215.00) - -
Vicar’s Discretionary Fund 443.46 3,998.47 (2,041.54) - 2,400.39
Organ fund 14.23 0.05 - - 14.28
PA fund 665.70 228.14 (99.70) - 794.14
Youth Worker fund 15,427.16 17,417.37 (23,500.30) - 9,344.23
AV fund 481.12 2.03 (15.99) - 467.16
KPW fund 1,474.07 1,058.40 - - 2,532.47
Youth Groups Fund - 25.03 - - 25.03
POW fund 8,577.37 10,704.84 (15,032.77) - 4,249.44
BMNEC Grant fund 9,206.33 38.72 (387.84) - 8,857.21
Re-ordering fund 2,900.86 12.31 - - 2,913.17
Total restricted funds 39,190.30 33,700.36 (41,293.14) - 31,597.52
TOTAL 393,775.89 186,790.13 (187,809.18) - 392,756.84

17

Parochial Church Council of Holy Trinity Church Boston

_____________

Notes to the funds

Unrestricted funds

General fund

This is the main fund of the PCC and there is no restriction on its use.

Designated

These are funds set aside by the PCC for a special purpose.

Fabric fund

An allocation of £2,000 is made to this fund each year and the money is used for repairs to the church building. 43 Spilsby Road fund

This fund is used for all expenditure related to 43 Spilsby Road.

Hall and lounge fund

The income from hiring out the Trinity Centre and the church lounge goes into this fund and all expenditure related to the Trinity Centre and lounge comes out of it.

Community Lunch fund

All income and expenditure related to the Community Lunch goes through this fund

Café fund

All the takings from the Trinity Café are paid into this fund. Payments for supplies for the café come out of it. Kitchen and Pastoral Outreach Worker fund

The money in this fund is what is left of the £30,000 that the PCC allocated from the General fund to be used to fund the setting up of the new kitchen and fund the pastoral outreach worker post. As there is no longer any major expenditure related to the kitchen the money is now used solely to fund the Pastoral Outreach worker post.

Pastoral Outreach Work fund

The money in this fund was transferred from the Café fund to be spent on pastoral outreach work. Re-ordering fund

This fund holds a £5,000 bequest that has been designated for the expenditure on re-ordering works in the church

Youth Work fund

The money in this fund was transferred from the Café fund to be spent on youth work.

Restricted funds

PA fund

Money given specifically towards the costs related to the PA system is paid into this fund.

Youth Worker fund

Money given specifically towards funding the youth worker post is paid into this fund. The money is used to meet all the costs related to employing a full time, salaried youth worker.

Kitchen and Pastoral Outreach Worker fund

When the PCC held a gift day to fund the new kitchen and pastoral outreach worker post, some people set up standing orders giving money to both rather than one or the other. These standing orders are paid into this fund. As there is no longer any major expenditure related to the kitchen the money is now used solely to fund the pastoral outreach worker post.

Kitchen fund

This fund contains the remains of the money given to construct the new kitchen.

Pastoral Outreach Worker fund

Money given specifically towards funding the pastoral outreach worker post is paid into this fund. The money is used to meet all the costs related to employing a person in this role.

AV fund

Money given specifically towards the costs related to the PA system is paid into this fund.

Organ fund

A small amount of money remains in this fund that can only be used towards costs related to the organ. Christmas fund

This fund holds a donation that was given towards the cost of Christmas celebrations. Vicar’s Discretionary Fund

Donations paid into this fund are used as felt necessary.

BMNEC Grant Fund

A grant has been awarded by the Boston Municipal Non-Educational Charites for pastoral outreach work. Any expenditure related to this comes out of this fund.

18

Parochial Church Council of Holy Trinity Church Boston

_____________

Re-ordering fund

This fund receives any donations given towards re-ordering work in the church.

19

PAROCHIAL CHURCH COUNCIL OF HOLY TRINITY CHURCH, BOSTON

Independent Examiner's Report to the Parochial Church Council of Holy Trinity Church, Boston

I report on the accounts of the company for the year ended 31[st] December 2020 which are set out on page 7 to 19.

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:

have not been met; or

Independent Examiner………… ……………….. Date: 03/03/2021 Damon Brain FMAAT ACA Duncan & Toplis Limited 4 Henley Way Doddington Road Lincoln LN6 3QR

20