2021-12-31-accounts

Parochial Church Council of All Saints,, Preston-on-Tees Financial Statements Forthe Year Ended 31 December 2021

Parochial Church Council of All Saints', Preston-on-Tees Index

Annual Report	1 - 4
Report of the Independent Examiner	5
Statement of Financial Activities	6
Balance Sheet	7
Notes to the Financial Statements	8 - 13

Parochial Church Council of All Saints', Preston-on-Tees Annual Report For the Year Ended 31 December 2021

The Parochial Church Council present their report and financial statements for the year ended 31 December 2021.

Reference and Administration Information

Church Office 22 Dunottar Avenue Eaglescliffe Stockton-on-Tees Status Registered Charity No: 1132440 Chairman Revd Matthew Levinsohn (Appointed March 2021) Vice-Chair K Killick Secretary Dr J Backhouse Churchwardens M Howard A Rolfe Treasurer J Belmont Members Revd P Arnold (Resigned May 2021) S Linnett (Resigned May 2021) D Backhouse Dr J Littlehailes M Boyes (Appointed May 2021) P Rushton D Bunford K Storer (Appointed May 2021) Dr L Falcus M Vaughan R Govier Dr P Wheeldon S Honeywell T Wye-Williams G Jowett (Appointed May 2021)

Independent Examiners Lynne Dickson FCA JBC Accountants Limited 3B Lockheed Court Preston Farm Stockton-on-Tees TS18 3SH Bankers Barclays Bank PLC

page 1

Parochial Church Council of All Saints', Preston-on-Tees Annual Report For the Year Ended 31 December 2021

Structure, Governance and Management

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is required to register with the Charities Commission.

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

Appropriate induction and training procedures are in place, and PCC members are sent on relevant training courses when, and where necessary.

The PCC has a Standing Committee which meets monthly to discuss all areas of the strategies and activities of the PCC and to decide on all courses of action. Certain tasks are delegated where necessary and sub-committees have been set up for areas that require close attention, for example, for Mission Giving and Support, and REACH (Development of the buildings).

The PCC also has a Ministry Development Team (MDT) which is a visionary group who meet monthly to discuss the long term mission vision of the Church and suggest strategies to meet those visions. The MDT may make proposals to the PCC and minutes of these meetings are given to PCC members on a regular basis.

The major risks to which the PCC is exposed, as identified by the PCC members, have been reviewed and systems or procedures have been established to manage those risks.

Objects and Activities

The primary object of the PCC is to promote the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England.

All Saints' PCC has the responsibility of co-operating with the incumbent in promoting the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical.

It also has maintenance and repair responsibilities for the Church building and the Church Centre complex of All Saints', Preston-on-Tees.

The objectives of the PCC are promoted through a detailed programme of activities, such as various children's and youth groups, incorporating a wide range of activities, groups for older members of the community, coffee mornings, provision of rooms/hall for hire, etc.

Each year, approximately 10% of voluntary income is donated as 'Mission Giving'. Recipients are identified by the Mission Support Group and approvedby the PCC. Requests for donations from other potential recipients are also considered by the committee.

When planning our activities for the year, the incumbent and the PCC have considered the Charity Commission's guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, we try to enable ordinary people to live out their faith as part of our parish community through: worship and prayer; provision of pastoral care; and missionary and outreach work.

page 2

Parochial Church Council of All Saints', Preston-on-Tees Annual Report For the Year Ended 31 December 2021

Achievements and Performance

Review of the year and financial review

2021 has been encouraging in a number of ways. Firstly, we welcomed Matt Levinsohn and his family as Vicar in March. He has settled in well and has brought fresh ideas and a new direction to the Leadership of All Saints'. Thanks go to the Churchwardens for steering us through the challenges of 2020 especially. Secondly, we are grateful to God for his financial provision since from a deficit budget, we were able to report a significant surplus for the year!

Unrestricted Funds

The General fund reported a surplus before transfers of £9,605.20 for the year.

Income:

Voluntary income for 2021 has increased from the previous year, primarily due to significant one-off donations received during the year. Standing Order and Envelope giving has reduced due to a shift towards donations being made through the Parish Giving Scheme.

Income from the hire of the church centre and other rooms from external hirers has not yet returned to preCOVID levels, although a number of groups returned part way through the year which is encouraging. The Solar panels continued to contribute to unrestricted income.

The overall unrestricted income for the year was £238,474.33 (2020: £226,045.89).

Expenditure:

We continued to give away 10% of our unrestricted voluntary income to local and overseas mission. The PCC paid its Parish Share pledge in full in the sum of £104,000 (2020: £101,475).

All Saints' PCC continues to ensure that all staff are paid at, or higher than, the Living Wage advised by the Living Wage Foundation.

An overall expenditure on unrestricted funds of £228,869.13 (2020: £224,263.17) was achieved, giving a year end surplus before transfers of £9,605.20 (2020: surplus before transfers of £1,782.72).

Restricted Funds

Hardship Funds

Funds continue to be made available to resource our mission objectives, and a modest amount is specifically allocated to those who find themselves in times of particular hardship.

Youth (General)

These funds are used to support congregation members attending summer camps and the local monthly service, held at All Saints' specifically for youth in Teesside. The fund also holds a hardship fund for young people in particular need.

Youth Room

This fund was established to collect donations to support the refurbishment of the Church Centre youth room.

Mexico

This holds donations to support young people attend activities in Mexico, to support people living in poverty in communities there. The trip was originally scheduled for Easter 2020 and was postponed to Summer 2021 and now is anticipated to happen in Summer 2022.

page 3

Parochial Church Council of All Saints', Preston-on-Tees Annual Report For the Year Ended 31 December 2021

Livestreaming

This fund was set up to enable specific equipment to be purchased to enable services to be live-streamed as the effects of COVID-19 continue to disrupt the normal operations of All Saints'

REACH Fund

This fund was set up during 2017 to raise funds to finance the reordering and extension of the church. In 2018 the Narthex, library, old office and Lady Chapel were reconfigured and furnished. Work on the church heating was completed in 2019. During 2020, the Chancel area was reordered with the inclusion of a Baptistry on a staged area at the front of the Nave. During 2021, all congregations loans were repaid from monthly donations that had been pledged. There is a nominal balance left in the fund at the end of 2021.

Reserves policy

It is the intention of the PCC to maintain a balance on unrestricted funds, which equates to at least two months unrestricted payments, equivalent to £30,000, to cover significant loss of income in a particular year. The balance held in unrestricted funds is in line with this policy. When setting the budget each year, the PCC consider the effect that any deficit budget has on the level of unrestricted reserves held by the charity.

The budget for 2021 was approved with a deficit of £10,000. Due to significant one-off donations at the beginning of the year and having reduced expenditure as a result of reduced ministry activity, we were blessed with a surplus for the year of around £9,000. Once again we were able to take advantage of government grants such as the Coronavirus Job Retention Scheme which helped towards this surplus. The current levels of reserves are approximately £50,000 which has meant that the PCC were able to approve a deficit budget of £7,000 for 2022.

Looking forward into 2022

Matt shared his vision for All Saints' Church at the APCM in May 2021 which had a theme of 'Connection'. The PCC are considering the ways that we connect with different groups of people and have set up working parties to think more strategically over the next couple of years about how this might happen.

The PCC would like to note all those who have helped with all financial matters during 2021. Particular thanks go to:

Gill Wake, for her role as Recorder (and for her weekly trips to the bank to deposit money); Margaret Vaughan, for her work as Gift Aid Secretary;

Lastly, and most importantly, we are so grateful to each and every person who have contributed to God's work here at All Saints' Church through prayer and/or financial giving. Prayer underpins everything we do and our finances enable it to happen. Please continue to pray for God's provision and protection as we endeavour to fulfill the calling of His Church; to worship Him, proclaim the Gospel and reach out to those in need.

Approved by the Parochial Church Council on 21st March 2022

Signed by: Rev M Levinsohn (Chair)

Mrs A Rolfe (Churchwarden)

page 4

Parochial Church Council of All Saints', Preston-on-Tees Report of the Independent Examiner For the Year Ended 31 December 2021

I report to the members of the PCC on my examination of the accounts of the PCC for the year ended 31st December 2021.

Responsibilities and basis of report

As the members of the PCC, you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the PCC'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 PCC as required by section 130 of the Act; or

2. the accounts do not accord with these 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.

Name: Lynne Dickson FCA Firm: JBC Accountants Limited Address: 3B Lockheed Court Preston Farm Stockton-on-Tees TS18 3SH

Date: 21st March 2022

page 5

Parochial Church Council of All Saints', Preston-on-Tees Statement of Financial Activities For the Year Ended 31 December 2021

Note Income and endowments from: Donations and legacies 2a Other trading activities 2b Investments 2c Church activities 2d Other 2e Total Expenditure on: Raising funds 3a Mission giving & donations 3b Church activities 3c Total Net income / (expenditure) Transfers between funds Net movement in funds Balances brought forward at 1st January 2021 Balances carried forward at 31st December 2021	Unrestricted Designated Restricted Funds Funds Funds 2021 £ £ £ £ 219,190.29 - 22,728.84 241,919.13 2,375.21 - - 2,375.21 0.99 - - 0.99 12,432.00 - - 12,432.00 4,475.84 - - 4,475.84 238,474.33 - 22,728.84 261,203.17 - - - - 21,300.00 - 585.00 21,885.00 207,569.13 - 13,105.90 220,675.03 228,869.13 - 13,690.90 242,560.03 9,605.20 - 9,037.94 18,643.14 6,164.59 - -6,164.59 - 15,769.79 - 2,873.35 18,643.14 34,266.71 - 11,745.03 46,011.74 50,036.50 - 14,618.38 64,654.88	2020 £ 254,823.54 2,581.52 5.57 13,897.64 4,440.33
		275,748.60
		- 20,040.00 381,429.66
		401,469.66
		-125,721.06 -
		-125,721.06 171,732.80
		46,011.74
		-

The notes on pages 8 to 14 form part of these accounts.

page 6

Parochial Church Council of All Saints', Preston-on-Tees Balance Sheet

As at 31 December 2021

Note Current Assets Debtors 5 Cash at bank and in hand Liabilities Creditors: amounts falling due within one year 6 Total assests less current liabilities Creditors: amounts falling due after more 7 than one year Total net assets The funds of the Church 8 & 9 Unrestricted Designated Restricted Total Church Funds The notes on pages 8 to 14 form part of these accounts.	4,605.86 60,599.02	2021 £ 65,204.88 550.00 64,654.88 - 64,654.88 50,036.50 - 14,618.38 64,654.88	120.00 57,041.13	2020 £ 57,161.13 1,149.39
				56,011.74
				10,000.00
				46,011.74
				34,266.71 - 11,745.03
				46,011.74

Approved by the Parochial Church Council on 21st March 2022

Signed by: Rev M Levinsohn (Chair) Mrs A Rolfe (Churchwarden)

page 7

Parochial Church Council of All Saints', Preston-on-Tees Notes to the Financial Statements For the Year Ended 31 December 2021

1 ACCOUNTING POLICIES

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2015) - Charities SORP (FRS 102) and the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102 - Section 1A small entities) and the Charities Act 2011. The financial statements 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.

The PCC has taken advantage of the following disclosure exemption in preparing these financial statements, as permitted by FRS 102 - the requirements of Section 7 Statement of Cash Flows.

The PCC constitutes a public benefit entity as defined by FRS 102.

Funds

Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC.

Designated funds are also unrestricted funds, but the PCC have decided to set up a contingency fund with the aim of money being set aside for major items of expenditure that would not be covered by the annual budget.

Restricted funds represent 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 for that fund.

Income and endowments

Donations and legacies:

Collections are recognised whenreceived by or on behalf of the PCC. Planned giving receivable under Gift Aid is recognised only when received. Income tax recoverable on Gift Aid donations is recognised when the income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. Funds raised by the fete, garden party and similar events are accounted for gross. Sales of books and magazines from the church bookstall are accounted for gross.

Other income

Rental income from the letting of church premises is recognised when the rental is due.

Investments:

Dividends are accounted for when due and payable. Interest entitlements are accounted for as the accrue. Tax recoverable on such income is recognised in the same accounting year.

page 8

Parochial Church Council of All Saints', Preston-on-Tees Notes to the Financial Statements For the Year Ended 31 December 2021

Expenditure

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

The diocesan parish share is accounted for when paid. Any parish share unpaid at 31st December is provided in these accounts as an operational (through not a legal) liability and is shown as a creditor on the Balance Sheet.

All other expenditure is generally recognised as soon as there is a legal or constructive obligation committing the PCC to that expenditure, it is probably that settlement will be required and the amount of the obligation can be measured reliably.

All expenditure is accounted for on an accruals basis.

Fixed assets

Consecrated property and moveable church furnishings:

Consecrated and beneficed property of any kind is excluded from the accounts by S.10(2)(a) and (c) of the Charities Act 2011.

Moveable church furnishings held by the vicar and churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the Church's Inventory which can be inspected (at any reasonable time). For inalienable property acquired prior to 2004, there is insufficient cost information available and therefore such assets have not been valued in the accounts. All expenditure incurred since 2004 on consecrated or beneficed buildings, on moveable church furnishings, or items with an immaterial purchase price is written off when the asset is acquired.

Other fixtures, fittings and office equipment:

Equipment used within the church premises is capitalised and depreciated on a straight line basis over the life of the asset. Individual items or equipment with an immaterial purchase price are written off when the asset is acquired.

Current assets

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

page 9

Parochial Church Council of All Saints', Preston-on-Tees Notes to the Financial Statements For the Year Ended 31 December 2021

2 INCOME AND ENDOWMENTS FROM:

Unrestricted Designated Restricted Funds Funds Funds 2021 £ £ £ £ 2a Donations and legacies Planned: Standing Orders 76,344.59 - - 76,344.59 Envelopes 4,510.00 - - 4,510.00 Parish Giving Scheme 78,255.53 - - 78,255.53 One-off Donations / Legacies 11,100.00 - - 11,100.00 Income tax recoverable 41,213.96 - 2,357.56 43,571.52 Open collections 1,762.63 - - 1,762.63 Grants Received 6,003.58 - - 6,003.58 REACH donations - - 9,440.00 9,440.00 REACH grants received - - - - Hardship - - 400.00 400.00 Livestreaming - - - - Mexico - - 5,081.91 5,081.91 Youth (General / Hardship) - - 4,044.39 4,044.39 Youth room refurbishment - - 1,404.98 1,404.98 219,190.29 - 22,728.84 241,919.13 2b Other trading activities Ministry Income 1,510.65 1,510.65 Other income (inc Photocopying) 864.56 864.56 2,375.21 - - 2,375.21 2c Investments Dividends and interest received 0.99 - - 0.99 2d Church activities Rent on 558A/B Yarm Road 7,790.00 7,790.00 Church centre lettings 4,413.00 4,413.00 Fees 229.00 229.00 12,432.00 - - 12,432.00 2e Other Feed in Tariff from Solar Panels 4,475.84 - - 4,475.84 TOTAL 238,474.33 - 22,728.84 261,203.17	2020 £ 108,891.07 7,817.60 41,360.96 - 44,558.99 780.60 7,044.61 22,218.00 - 2,200.00 3,750.00 12,266.71 3,935.00 -
	254,823.54
	2,421.27 160.25
	2,581.52
	5.57 8,880.00 4,815.43 202.21
	13,897.64
	4,440.33
	275,748.60

page 10

Parochial Church Council of All Saints', Preston-on-Tees Notes to the Financial Statements For the Year Ended 31 December 2021

3 RESOURCES EXPENDED

Unrestricted Designated Restricted Funds Funds Funds £ £ £ 3a Costs of generating funds - - - 3b Mission Giving & Donations Missional and charitable giving (note 11) 21,300.00 - 585.00 3c Church activities Diocesan parish share 104,000.00 - - Salaries (inc expenses) 69,280.69 - - Vicar and Curate expenses 636.36 - - Ministry costs 5,522.72 - - Other Mission costs 659.88 - - Church running expenses 19,164.02 - - Church and Centre costs 7,621.07 - - Church major repairs and maintenance - - 5,191.04 Bank charges 134.39 - - Independent Examiner's fee 550.00 - - Livestreaming - - - Mexico - - 2,626.72 Youth (General / Hardship) - - 4,160.19 Youth room refurbishment - - 1,127.95 207,569.13 - 13,105.90 TOTAL RESOURCES EXPENDED 228,869.13 - 13,690.90 4 STAFF COSTS Wages and Salaries Social Security Costs Pension Costs The average number of staff employed during the year was (all administrative):	Unrestricted Designated Restricted Funds Funds Funds £ £ £ - - -	2021 £ - 21,885.00 104,000.00 69,280.69 636.36 5,522.72 659.88 19,164.02 7,621.07 5,191.04 134.39 550.00 - 2,626.72 4,160.19 1,127.95 220,675.03 242,560.03 2021 £ 62,075.87 3,292.54 1,726.35 67,094.76 5	2020 £ -
	21,300.00 - 585.00		20,040.00
	104,000.00 - - 69,280.69 - - 636.36 - - 5,522.72 - - 659.88 - - 19,164.02 - - 7,621.07 - - - - 5,191.04 134.39 - - 550.00 - - - - - - - 2,626.72 - - 4,160.19 - - 1,127.95		101,475.00 64,227.40 1,480.00 4,385.48 1,149.20 22,273.26 8,748.85 151,378.34 173.98 550.00 3,120.59 20,267.40 2,200.16 -
	207,569.13 - 13,105.90		381,429.66
	228,869.13 - 13,690.90		401,469.66
			2020 £ 58,269.55 3,157.66 1,553.48
			62,980.69
			5

No employee earned more than £60,000 during the year.

The Vicar and Curate expenses are included within the detail of note 3c.

page 11

Parochial Church Council of All Saints', Preston-on-Tees Notes to the Financial Statements For the Year Ended 31 December 2021

5 DEBTORS

5 DEBTORS Income tax recoverable Prepayments and accrued interest 6 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR Other creditors 7 LIABILITIES: AMOUNTS FALLING DUE AFTER ONE YEAR REACH Loans	2021 £ 2,663.96 1,941.90 4,605.86 2021 £ 550.00 2021 £ -	2020 £ 120.00 -
		120.00
		2020 £ 1,149.39
		2020 £ 10,000.00

8 RESTRICTED FUNDS

REACH Fund This fund was set up in 2017 to raise funds for a substantial building project at the Church

Hardship Fund This fund was set up in 2010, used to provide financial assistance to church members in need.

Youth (General) Funds used to support members attending summer camps and a monthly youth service.

Youth Room Set up in 2018 to support the refurbishment of the Youth Room in the Church Centre

Mexico This fund was set up for contributions supporting young people attending mission activities in Mexico.

Livestreaming This fund was set up in 2020 in response to the need for specific equipment to livestream services due to COVID-19.

1st January 2021 Income Transfers Expenditure 31st December 2021	£ £ £ £ £ £ £ - 3,434.36 3,054.28 1,764.96 2,862.02 629.41 11,745.03 11,797.56 400.00 4,044.39 1,404.98 5,081.91 - 22,728.84 -6,164.59 - 45.88 -45.88 - - -6,164.59 5,191.04 585.00 4,160.19 1,127.95 2,626.72 - 13,690.90 REACh Hardship Youth (General) Youth Room Mexico Live Streaming TOTAL
	441.93 3,249.36 2,984.36 1,996.11 5,317.21 629.41 14,618.38

page 12

Parochial Church Council of All Saints', Preston-on-Tees Notes to the Financial Statements For the Year Ended 31 December 2021

9 ANALYSIS OF FUNDS

ANALYSIS OF FUNDS
Current assets Creditors: amounts falling due within one year Creditors: amounts falling due after one year	Unrestricted Designated Restricted Funds Funds Funds £ £ £ 50,586.50 - 14,618.38 -550.00 - - - - - 50,036.50 - 14,618.38	TOTAL £ 65,204.88 -550.00 -
		64,654.88

10 RELATED PARTY DISCLOSURES

The following amounts were donated to and received from Tees Valley Youth for Christ during 2021, of which John and Kathryn Belmont are Trustees and Tim Wye-Williams is Director: Donations made of £1,750 and Rent received for Flat 558A of £2,000.

11 GRANTS MADE Unrestricted Designated Restricted Funds Funds Funds 2021 Mission and charitable giving: £ £ £ £ Church overseas Oikos Ministry (Burgess) 2,500.00 - - 2,500.00 African Pastors Fellowship 2,500.00 - - 2,500.00 Church Missionary Society 3,000.00 - - 3,000.00 OMF (Kemp) 2,500.00 - - 2,500.00 UFM (Newhams) 2,500.00 - - 2,500.00 Open Doors 800.00 - - 800.00 Work in Romania (Hatigan) 500.00 - - 500.00 Mexico Youth Mission Trip 700.00 - - 700.00 Unallocated - - - - Home missions and other church societies A Way Out 1,000.00 - - 1,000.00 Christian Fellowship Mission 500.00 - - 500.00 Compassion UK 400.00 - 400.00 Mary Thompson Fund 600.00 - - 600.00 Safe Families 300.00 - - 300.00 Scripture Union - - - - Stockton Town Pastors - - - - Sunderland Church Work (Mains) 1,250.00 - - 1,250.00 Tees Valley Youth for Christ 1,250.00 - - 1,250.00 The Gideons - - - - The Moses Project 1,000.00 - - 1,000.00 Others - Church Outreach - - 585.00 585.00 21,300.00 - 585.00 21,885.00 - - - -	2020 £ 3,000.00 2,500.00 2,500.00 2,500.00 3,000.00 700.00 1,050.00 - 350.00 800.00 - - 250.00 - 300.00 250.00 1,050.00 500.00 250.00 600.00 440.00
	20,040.00

page 13

Parochial Church Council of All Saints', Preston-on-Tees Notes to the Financial Statements

For the Year Ended 31 December 2021

12 GOVERNMENT GRANTS

GOVERNMENT GRANTS
Included in Grant Income are the following Government Grants: Employer's National Insurance Rebate Coronavirus Job Retention Scheme SSP Grant	2021 £ 3,292.54 2,325.64 385.40 6,003.58	2020 £ 3,157.66 3,756.95 -
		6,914.61

All income received from Government grants has been spent in accordance with the conditions of the grant.

page 14