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2020-12-31-accounts

Charity registration number: 1132580

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

Annual Report and Financial Statements for the Year Ended 31 December 2020

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

Contents

|Reference and Administrative Details||| |---|---| |Trustees’ Report|2 to6| |Independent Examiner's Report|7| |Statement ofFinancial Activities|8 to9| |Balance Sheet|10| |NotestotheFinancialStatements|lito21|

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

Reference and Administrative Details

Chairman C Daniel
Trustees B Lockwood
P Barlow
M Bull
K Bruning
Z Hyams
M Topliss
J Foulds
L Sharp
J Vasey
T Bruning
C Daniel
C Plant
K Richardson
K Farrell
P Woolliss
L Maudson
Principal Office Parish Office
c/o St mark's Church
Laceby Road
Geimsby
DN34 SLP
Charity Registration Number 1132580
Independent Examiner ForresterBoyd
26 South St Mary's Gate
Grimsby
DN31ILW

Page |

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

Trustees' Report

The trustees present the annual report together with the financial statements of the charity for the year ended 31 December 2020. The members of the Parochial Church Council (the trustees) confirm that the annual report and financial statements of the charity have been prepared in accordance with the accounting policies set out in set out in the Statement of Responsibilities below and comply with the Charities Act 2011, the requirements of the charity’s governing body and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities in preparing their accounts in accordance with the Financial reporting Standard 102.

Objectives and activities

Objects and aims

The Parochial Church Council (PCC) of United Parish of St Mary & St James, Great Grimsby has the responsibility of co-operating with the incumbent, the Revd Canon Andrew Dodd, in promoting in the ecclesiastical parish the whole mission of the Church: pastoral, evangelistic, social and ecumenical. The PCC has maintenance responsibilities for the churches of Grimsby Minster, St Hugh, St Mark, and St Martin and St James’ House. Diocesan Vision The PCC supports the Diocese of Lincoln’s vision ‘to be a healthy, vibrant and sustainable church transforming lives in greater Lincolnshire’. To achieve this vision, the diocese is focused on the priorities of Faithful Worship, Confident Discipleship, Joyful Service. These are the basis for change and growth in our churches and communities. In addition, the diocesan has discerned three enabling priorities to support its vision: Ministry, Resources and Partnerships. PCC Vision The PCC’s principal charitable activities are ‘We try to enable ordinary people to live out their faith as part of our parish community through: worship and prayer; learning about the gospel; and developing their knowledge and trust in Jesus; provision of pastoral care for people living in the parish and missionary and outreach work’

The PCC continues to focus its activity in reference to the core Christian values of ‘Thankfulness’, ‘Peace’, ‘Hope’, and ‘Service’. These are reflected in our Parish Mission Statement: We are here to offer THANKS to God; to receive PEACE and share HOPE; to encourage each other to know God’s purpose for our lives and to equip us for God’s SERVICE in the world.

Our Mission Statement is articulated through our vision for our parish ‘As one parish we are committed to growing our church in numbers, providing quality pastoral care, and responding to people in need through effective social action. We will excel in training for ministry, both lay & ordained. We will build a reputation for being good neighbours in our town and borough. We offer hospitality to friends and strangers. We are known for engaged preaching, teaching and worship.’

Public benefit

When planning our activities for the year, we have considered the Commission’s guidance on public benefit and, in particular, the supplementary 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, learning about the Gospel and developing their knowledge and trust in Jesus. + Provision of pastoral care for people living in the parish. * Missionary and outreach work.

The trustees confirm that they have complied with the requirements of section 17 of the Charities Act 2011 to have due regard to the public benefit guidance published by the Charity Commission for England and Wales.

Use of volunteers

We thank all volunteers who support our parish and church community projects. These include: all members and officers of the PCC and DCCs, bell ringers, flower arrangers, sacristans, acolytes, coffee shop and bar staff, visitor guides and stewards and side-persons, choristers and ladies and gentlemen ofthe choir.

Page 2

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

Trustees’ Report

Achievements and performance

In addition to the annual report, we will be publishing under separate cover a report of parish activities and events. detailed reports concerning church activities both new and ongoing during 2020. This provides a full account of all activities that have taken place in the parish during the year.

PARISH PRIORITIES AND CHALLENGES. Even before the COVID 19 pandemic arrived to disrupt our normal activities and our ability to generate income, the Parish faced significant difficulties to the extent that Bishop David Court, Acting Bishop of Lincoln, tasked retired Bishop Dr Nigel Peyton with exploring the question, “does the current team leadership and governance structure deliver sustainable mission and ministry?” Amidst the Covid-19 pandemic, the research got under way during May by means of telephone interviews.

The short answer to the review question was ‘No’. The main findings of the review are summarised below.

Despite some good people working hard to do the right things, from the evidence gathered Bishop Peyton believes that the Grimsby Minster Team Ministry no longer serves 21st century mission and ministry. He states that a fresh approach is required,

Over time more of the same has progressively become less of the same and there is a growing paralysis of confidence and direction - like the broken clock on the tower of Grimsby Minster, left unrepaired for years. This anxious impasse begs urgent action but making the right changes is equally important.

What did people say when interviewed by Bishop Peyton? There was significant convergence across all conversations about what the headline issues were:

The Review did not provide confidence that the Team arrangements for, or performance of strategic leadership and governance are as good as they could be for a significant Church charity serving Grimsby. Discipleship growth is absent. The financial situation is not sustainable. These weaknesses need to be addressed without delay.

In particular, the Minster needs to implement short term turnaround actions, ahead of working on a strategic vision to be a vibrant town centre church. Likewise, St Hugh’s, St Mark’s and St Martin’s churches each require road maps for their futures. Pastoral reorganisation options should therefore be explored, within the wider diocesan Resourcing Sustainable Church framework recently approved by Bishop’s Council and Diocesan Synod. PCC

The full PCC met for six scheduled meetings in the year. The District Church Councils and sub-committees met between full PCC meetings and reports of[their][mectings][were][received][by][the][full][PCC][and][discussed][where][necessary.]

Page 3

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

Trustees' Report

Financial review The financial statement for accounting period up to 31st December 2020 will be presented to the reconvened Annual Parochial Church Meeting later this year (the Annual Parochial Church Meeting in May was adjourned due to the unavailability of the financial statements). All pervious presented accounts can be found on the Charity Commission website. The preparation of the 2020 financial statements has been a major undertaking for our new examiners as they use more up-to-date software than the firm we used previously. Although this has delayed the 2020 financial statements, the investment of time in converting our accounting system to a real time standard should save a significant amount of time in the future as it will be compatible with the system used by our examiners. There are some difficulties in doing a straight comparison between the 2019 and 2020 financial results due to the impact of COVID 19. The lockdown has severely disrupted our usual sources of income.

Fortunately we have benefited from considerable grant funding as detailed below.

----- Start of picture text -----
|||||||||||||||||||| |---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---| |We|were|awarded|£37,900|from|National|Heritage|Lottery|Fund.|This|was|an|emergency|fund|that|was|sourced|to|sustain| |operations|of Grimsby|Minster.| |£12000|was|allocated|to|staff expenditure,|this|covered|the|Parish|Administrator|and|Director|of communications|from|July|to| |December|2020.| |£11,000|was|allocated|to|repair|and|conservation|work|for|reopening.| |£4158|was|spent|on|a|deep|clean|and|sterimist| |£200|was|spent|on|online|presence.| |£3000|was|spent|on|part|||and|part|2|of video|footage|for promotion|on|Grimsby Minster|journey|and|the|rest on|signage.| |£4200|was|allocated|to|Digital|outputs|and|spent|on|a|review|of our|digital|presence.| |£10,100|was|allocated|for|general|overheads|and|was|spent|on|the|overheads|for|heat,|lighting,|insurance,|office|expenses|from| |July|to|December.| |The|total|fund|had|to|be|spent|by|22.12.2020|and|was|spent|with|an|underspend|of 0.94.|

----- End of picture text -----

The parish also received a grant from the Cultural Recovery Fund for Heritage of £182,900 to be spent during the period October 2020 to March 2021 with an extension to June 2021. Fifty percent of the funding was received in November 2020 amounting to £91,450. £78.950 was allocated to new staff and supporting staff, this enabled to fund a Covid Recovery Manager for the 6 months £15,000 was allocated to professional fees, additional consultancy fees to support the CR Manager £8000 was allocated Modifications of the Minster Coffee shop £25,000 was allocated to Digital outputs this has been spent on social media, Video promotion, new website. £5000 was allocated to Equipment and materials, some ofthe fund has been spent on working from home equipment £5000 was allocated to staff training £3500 was allocated to expenses for Volunteers £10,000 was allocated to Publicity and promotion this has been spent on subscriptions, promotions and will be spent on marketing materials £31,550 was allocated to Overheads and has been spent on essential running costs for the Minster, heat, light, insurance from December 2020 to March 2021. In addition the parish received an award from the Culture Recovery Fund For Programmes of Major Works to the tune of £102,325 (£81,860 awarded - £20,465 match from Minster).

Major works on Grimsby Minster that this fund was allocated to £17,391 for Pinnacle & Turret tower £27,200 for gutters £10,000 for Plaster works £25,000 for boiler replacement £10,000 for project management £12,735 for fees, contingency @ 16% This fund had to be spent by 31.03.2021 but we received an extension until June 2021

Finally, Grimsby Minster received a government business loss of earnings of £10,000 from North East Lincolnshire Council in June 2020

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The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

Trustees' Report

Policy on reserves Each DCC is charged with retaining sufficient general funds to enable them to continue their activities. It is our policy to invest our fund balances with the CBF Church of England Deposit Fund. A review of governance and financial management of the parish is needed. This will include developing a reserves policy in order that the PCC can manage risk better.

Total funds held are £1,053,984 of which £105,531 are unrestricted for general use.

Structure, governance and management

Nature ofgoverning document

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby is registered with the Charity Commission as Charity Number 1132580. Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules.

Under a Pastoral Scheme enacted by the Church Commissioners dated 12th September 1972 in pursuance of the Pastoral Measure 1968, a Team Ministry was established for the area of the Benefice of Saint Mary and Saint James, Great Grimsby.

Recruitment and appointment of trustees

The method of the appointment of PCC members is set out in the Church Representation Rules, All who attend Church are encouraged to register on the Electoral Roll and stand for election to the Parochial Church Council (PCC).

Arrangements for setting key management personnel remuneration

There is no remuneration paid to key management personnel.

Organisational structure

Provision was made for election by the Annual Parochial Church Meeting of[the][Parish][of] a District Council for any District in the Parish in which a Church is situated and to which certain functions of the PCC may be assigned. There are currently four operational District Church Councils (DCCs) which hold meetings throughout the year: Grimsby Minster, St Mark's, St Hugh‘s and St Martin's. A report from each DCC is made at meetings of the Parochial Church Council.

In 2019 the Staff the PCC are responsible for includes:

Ms Michelle Beardsley - Parish Administrator Ms Vicki Kemp - Assistant Parish Administrator Mr Steven Maxson - Organist and Director of Music Mr Martyn Plumtree - Caretaker Ms Angela Coddington - Office Cleaner

Risk Management

The PCC and each DCC regularly consider and monitor the risks to which they are exposed. With the assistance of their advisors, they ensure any considered risks are mitigated as far as possible. Risks are reviewed throughout the year through considered by the PCC. These risks include Repair and maintenance of building, fabric and contents, congregation numbers, safeguarding of children and vulnerable adults, and health and safety.

Reference and Administrative Details The following PCC members were in post at the date of[this][report:] Team Rector: Vacant Clergy: The Revd Katherine Farrell (Team Vicar): The Revd Jan Vasey (Parish Deacon); The Revd Patricia Barlow (Assistant Curate);

Page 5

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

Trustees' Report

Readers: Mrs Pat Woolliss; Mr Ken Richardson

Churchwardens: Ms Loma Sharp; Mrs Mary Topliss

Deputy Churchwardens:

Mr Christopher Daniel, Grimsby Minster; Mr Robert Lockwood, Grimsby Minster; Ms Christine Plant MBE, St Hugh; Miss Lorna Sharp, St Martin; Mrs Ruth Varley, St Martin (from October 2020)

Representatives to Deanery Synod: Mr Christopher Daniel; Mrs Pat Woolliss Elected Lay Members: Mrs Lois Maudson, St Hugh; Mrs Julia Foulds (Secretary), St Hugh; Mr Michael Bull (Treasurer), Grimsby Minster Mrs Jo Middleton, Grimsby Minster Mrs Katherine Bruning, Grimsby Minster Dr Timothy Bruning, Grimsby Minster Miss Zoe Hyams, Grimsby Minster Mrs Monica Kent, Grimsby Minster Mr Sam Lee, Grimsby Minster Mrs Andrea Maxson, Grimsby Minster Mrs Sheila Sitatombe, Grimsby Minster

The annual report was approved by the trustees ofthe charity on 7]9a and signed on its behalfby: C Daniel CA Dine Chairman and Trustee

Page 6

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

Independent Examiner's Report to the trustees of The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2020 which are set out on pages 8 to 21.

Respective responsibilities of trustees and examiner

As the charity’s trustees of The Parochial Church Council of[the][Ecclesiastical][Parish][of][ St][Mary][and][St][James][Great][Grimsby] 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 ofthe The Parochial Church Council of[the][Ecclesiastical][Parish][ of] StMary and St James Great Grimsby'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

Since The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of ICAEW, which is one of[the][listed][bodies.]

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:

| 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.]

Ee F Carrie Anne Jensen ACA ICAEW

26 South St Mary's Gate Grimsby DN31 1LW

7 September 2021

Page 7

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

Statement of Financial Activities for the Year Ended 31 December 2020

Unrestricted Restricted Endowment Total
funds funds funds 2020
Note £ £ £ £
Income and Endowments from:
Donations and legacies 141,715 182,550 - 324,265
Other trading activities 12,606 - - 12,606
Investment income 4 993 11,329 - 12,322
Other income 13,575 - - 13,575
Total income 168,889 193,879 - 362,768
Expenditure on:
Raising funds (90) - - (90)
Church activities (136,378) (112,536) - (248.914)
Governance costs (3,300) - - (3,300)
Total expenditure (139,768) (112,536) - (252,304)
Gains/losses on investment assets - - 26,756 26,756
Net income 29,121 81,343 26,756 137,220
Gross transfers between funds (10,895) 10,895 - -
Net movement in funds 18,226 92,238 26,756 137,220
Reconciliation offunds
Total funds brought forward 87,305 300,329 529,130 916,764
Totalfundscarriedforward 20 105,531 392,567 555,886 1,053,984

The notes on pages 11 to 21 form an integral part of these financial statements. Page 8

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

Statement of Financial Activities for the Year Ended 31 December 2020

Unrestricted
funds		 Restricted
funds		 Endowment
funds		 Total
2019
Note £ £ £ £
Income and Endowments from:
Donations and legacies 83,829 §,000 - 88,829
Other trading activities 30,351 15,593 - 45,944
Investment income 4 4,310 11,730 - 16,040
Other income 6,570 - - 6,570
Total income 125,060 32,323 - 157,383
Expenditure on:
Raising funds (10,289) - - (10,289)
Church activities (122,714) (44,166) - (166,880)
Total expenditure (133,003) (44,166) - (177,169)
Gains/losses on investment assets - - 83,178 83,178
Net (expenditure)/income (7,943) (11,843) 83,178 63,392
Gross transfers between funds (14,238) 14,238 - -
Net movement in funds (22,181) » 2,395 83,178 63,392
Reconciliation offunds
Total funds brought forward 109,486 297,934 445,952 853,372
Totalfundscarriedforward 20 87,305 300,329 §29,130 916,764

The notes on pages 11 to 21 form an integral part of these financial statements. Page 9

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

(Registration number: 1132580) Balance Sheet as at 31 December 2020

2026 2019
Note £ £
Fixed assets
Tangible assets 14 300,058 304,872
Investments 15 555,886 529,130
855,944 834,002
Current assets
Stocks 16 200 200
Debtors 17 6,416 27,966
Cash atbank and in hand 18 215,788 115,389
222,404 143,555
Creditors:Amounts falling duewithin oneyear 19 (24,364) (60,793)
Netcurrent assets 198,040 82,762
Funds ofthe charity:
Endowmentfunds 555,886 529,130
Restricted income funds
Restricted funds 20 392,567 300,329
Unrestricted income funds
Unrestricted funds 105,531 87,305
Total funds 20 1,053,984
Thefinancial statementsonpages8to21wereapprovedbythetrustees,andauthorisedfor issueonale.and
on their behalfby:		 andsigned
Trustee

Cb dunn C Daniel Chairman and Trustee

The notes on pages | 1 to 21 form an integral part of these financial statements. Page 10

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

Notes to the Financial Statements for the Year Ended 31 December 2020

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019) - (Charities SORP (FRS 102)), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102), the Church Accoounting Regulations 2006 the Charities Act 2011.

Basis of preparation

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. The financial statements are prepared in sterling and rounded to the nearest pound.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Grants receivable Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category.

Raising funds

These are costs incurred in attracting voluntary income, the management of investments and those incurred in trading activities that raise funds. Charitable activities Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them.

Governance costs These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees’s meetings and reimbursed expenses.

Page 1

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

Notes to the Financial Statements for the Year Ended 31 December 2020

Irrecoverable VAT

Irrecoverable VAT is charged against the category of resources expended for which it was incurred.

Taxation

The charity is considered to pass the tests set out in Paragraph | Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part || of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £1,000.00 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

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

Movable church furnishings held by the Rector 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, being available for inspection. For inalienable property acquired prior to January 2001 there is insufficient cost information available and therefore such assets are not valued in the accounts.

The PCC also owns land and buildings which has not been valued in these accounts. It is felt by the PCC that the cost of having these properties valued professionally would not be worthwhile in the context of these accounts. Improvements to buildings during the year have been capitalised at cost. These improvements will be depreciated after the work has been completed.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class Depreciation method and rate Fixtures, fittings and office equipment 15% and 20% straight line basis

Fixed asset investments

Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated as the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financia! Activities in the period of disposal.

Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount ofcash and are subject to an insignificant risk of change in value.

Fund structure

Unrestricted income funds are general funds that are available for use at the trustees's discretion in furtherance of the objectives of the charity.

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Page 12

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

Notes to the Financial Statements for the Year Ended 31 December 2020

2 Income from donations and legacies '
-
Unrestricted
funds		 Restricted ;
Total
General
£		 funds
£		 funds
£
Donations and legacies;
Planned giving donations 53,273 - 53,273
Collections 3,066 - 3,066
Gift aid reclaimed . 12,204 - 12,204
,
Grants, including capital grants; ;
Grants from other charities 73,172 182,550 255,722
Total for 2020 141,715 182,550 324,265
Total for2019 83,829 5,000 88,829
3 Income from other trading activities
Unrestricted
funds Restricted Total
General
£		 funds
£		 funds
£
Trading income to further the Council's objectives;
Rents 7,513 - 7,513
District Church Council fees 3,409 - 3,409
Trading income to generate funds:
Cafe sales 1,604 - 1,604
Service sponsors 80 - 80
Total for 2020 12,606 - 12,606
Total for 2019 30,351 15,593 45,944
4 Investment income
Unrestricted
funds Restricted Total
General
£		 funds
£		 funds
£
Interest reccivable and similar income;
Interest receivable on bank deposits 993 11,329 12,322
Total for2020 993 11,329 12,322
Total for2019 4,310 11,730 16,040
,
5 Other income
Unrestricted
funds Total Total
General 2020 2019
£ £ £
Sundry income 13,575 13,575 6,570
Page13 .

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

Notes to the Financial Statements for the Year Ended 31 December 2020

6 Expenditure on raising funds

a) Costs of generating donations and legacies

Unrestricted
funds Total
General funds
Note £ £
Cafe purchases 90 90
Total for2020 90. 90
7
Expenditure on church activities
‘ Unrestricted
funds Restricted Total
General funds funds
Note £ £ £
Diocesan quota : 10,010 - 10.010
Clergy expenses 359 - 359
Light, heat and water 23,320 - 23,320
General repairs - 94,227 94,227
Verger& cleaning 14,043 - 14,043
Insurance 21,822 - 21,822
Altar requisites 259 - 259
Choirmaster& deputy 53 18,309 18,362
Music 255 - 255
Church and organ repairs 8,497 - 8,497
Depreciation 4,810 - 4,810
Parish secretary costs& temporary staff 32,77) - 32,77]
Postage. telephone, printing, stationery and advertising 8,753 - 8,753
Professional fees 13,626 - 13,626
Miscellaneous expenses (2,200) - (2,200)
Total for 2020 136,378 112,536 248,914
Totalfor2019 122,714 44,166 166,880

Page 14

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

Notes to the Financial Statements for the Year Ended 31 December 2020

8 Analysis of governance and support costs

Governance costs

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |Unrestricted| |funds|Total| |General|funds| |£|£| |Independent|examiner|fees| |Examination|of|[the]|[financial]|[statements]|3,300|3,300| |Total|for|2020|3,300|3,300| |Total|for|2019|2,639|2,639| |9|Net|incoming/outgoing|resources| |Net|incoming/(outgoing)|resources|for|the|year|include:| |2020|2019| |£|£| |Depreciation|of fixed|assets|4,810|4,843|

----- End of picture text -----

10 Trustees remuneration and expenses

No trustees, nor any persons connected with them, have received any remuneration from the charity during the year.

No trustees have received any reimbursed expenses or any other benefits from the charity during the year.

11 Staff costs

The agyregate payroll costs were as follows:

----- Start of picture text -----
|||||| |---|---|---|---|---| |2020|2019| |£|£| |Staff costs|during|the|year|were:| |Wages|and|salaries|31,514|31,425| |Pension|costs|1,257|1,385| |32,771|32,810|

----- End of picture text -----

The monthly average number of persons (including senior management team) employed by the charity during the year expressed as full time equivalents was as follows:

----- Start of picture text -----
||||| |---|---|---|---| |2020|2019| |No|No| |Administrative|staff|2|2|

----- End of picture text -----

No employee received emoluments of more than £60,000 during the year

Page 15

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

Notes to the Financial Statements for the Year Ended 31 December 2020

----- Start of picture text -----
|||||||| |---|---|---|---|---|---|---| |12|Independent|examiner's|remuneration| |2020|2019| |£|£| |Examination|of|[the]|[financial]|[statements]|3,300|2,639|

----- End of picture text -----

13 Taxation The charity is a registered charity and its activities are exempt from taxation.

14 Tangible fixed assets

----- Start of picture text -----
|||||||||| |---|---|---|---|---|---|---|---|---| |Land|and|Furniture|and|Computer| |buildings|equipment|equipment|Total| |£|£|£|£| |Cast| |At|||January|2020|599,619|10,258|73,380|683,257| |At|31|December|2020|599,619|10,258|73,380|683,257| |Depreciation| |At|||January|2020|299,617|10,205|68,567|378,389| |Charge|for|the|year|-|28|4,782|4.810| |At|31|December|2020|;|299,617|10,233|73,349|383,199| |Net|book|value| |At|31|December|2020|300,002|25|31|300,058| |At|31|December|2019|.|300,002|53|4,813|304,868|

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Page 16

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

Notes to the Financial Statements for the Year Ended 31 December 2020

15 Fixed asset investments

2020 2019
£ £
Other investments 555,886 $29,130
Other investments
Unlisted
investments Total
£ £
Cost or Valuation
At
I January 2020		 529,130 $29,130
Revaluation 26,756 26,756
At 31 December 2020 555,886 555,886
Net book value
At 3} December 2020 555,886 555,886
At 31 December 2019 529,130 529,130
16 Stock
2020 2019
£ £
Stocks 200 200
17 Debtors
2020 2019
£ £
Trade debtors - 20,185
Prepayments 606 1,569
Income tax recoverable 5,810 5,718
Other debtors - 494
6,416 27,966

Page 17

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

Notes to the Financial Statements for the Year Ended 31 December 2020

18 Cash and cash equivalents
2020 2019
£ £
Cash on hand 151 300
Cash at bank 191,233 90,845
Short-term deposits 24,404 24,244
215,788 115,389
19 Creditors: amounts falling due within one year
2020 2019
£ £
Trade creditors 3,615 20,246
Other creditors 184 5,386
Accruals 20,565 35,161
24,364 60,793
20 Funds
Balance at
Balance at 1 Other 31
January
2020		 Incoming
resources		 Resources
expended		 Transfers recognised
gains/(losses)		 December
2020
£ £ £ £ £ £
Unrestricted funds
Designated
General Fund		 1,962 - - - - 1,962
StJames Operational Fund - 132,645 (99,015) (10,895) - 22,735
St Hugh Misc. Bequests
Fund		 2,090 - - - - 2,090
St Hugh Church Building
Fund		 15,112 121 - - - 15,233
St Hugh Organ Fund 2,720 - - - - 2,720
St Hugh General Fund 4,551 15,190 (17,871) - - 1,870
St Martin Church Hall
Fund		 34,206 - - - - 34,206
St Martin General Fund 12,416 10,988 (7,956) - - 15,448
St Mark General Fund 14,248 9,945 (14,926) - - 9,267
87,305 168,889 (139,768) (10,895) - 105,531
Restricted funds
St James General Legacies 11,606 - - - - 11,606
StJames House 280,000 - - - . 280,000
St Hugh's Meals Service (17,267) - - - - (17,267)
St James Choral - 3,407 (18,310) 14,903 - -
St James Fabric - 6,838 (3,674) (2,963) - 201
St James Curacy - 1,045 - (1,045) - -
St Hugh Canon Ruddy
Bequest		 2,551 - - - - 2,551
Page 18

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

Notes to the Financial Statements for the Year Ended 31 December 2020

Balance at
Balance at 1 Other 31
January
2020		 Incoming
resources		 Resources
expended		 Transfers recognised
—gains/(losses)		 December
2020
£ £ £ £ £ £
St Hugh Ena Berry
Bequest		 9,141 39 - - - 9,180
St Hugh Community
Centre		 1,520 - - - - 1,520
St Martin General Legacies 4,791 - - - : 4,791
St Mark Centre Fund 7,987 - - - - 7,987
Heritage Fund - 182,550 (90,552) - - 91,998
Total restricted funds 300,329 193,879 (112,536) 10,895 - 392,567
Endowment funds
Permanent
St James' Choral
Foundation		 157,067 - - - 276 157,343
St James’ Curacy Fund 51,919 - - - 3,570 55,489
St James’ Fabric Fund 242,495 - - - 17,571 260,066
St James' Endowment
Fund		 51,712 - - - 3,556 55,268
St Mark's Fowler Bequest 25,937 - ~ - 1,783 27,720
529,130 - - - 26,756 $55,886
Totalfunds 916,764 362,768 (252,304) - 26,756 1,053,984

Page 19

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

Notes to the Financial Statements for the Year Ended 31 December 2020

Balance at
Balance at J Other 31
January Incoming Resources recognised December
2019 resources expended Transfers —_gains/(losses) 2019
£ £ £ £ £ £
Unrestricted funds
Designated
General Fund 1,962 - - - - 1,962
St James Operational Fund 3,117 11,121 - (14,238) - .
St Hugh Misc. Bequests
Fund		 2,090 - - - - 2,090
St Hugh Church Building
Fund		 15,046 66 - - - 15,112
St Hugh Organ Fund 3,020 - (300) - - 2,720
St Hugh General Fund 11,618 - (7,067) - - 4,35]
St Martin Church Hall
Fund 30,061 4.145 _ - - 34,206
St Martin General Fund 28,973 - (16,557) - - 12,416
St Mark General Fund 13,599 649 - - - 14,248
109,486 15,981 (23,924) (14,238) - 87,305
Restricted
St James General Legacies 11,719 5,000 - (5,113) - 11,606
St James House 280,000 - - - - 280,000
St Hugh's Meals Service (17,267) - - - - (17,267)
St James Choral - - (18,224) 18,224 - -
St James Fabric - - (2,593) 2,593 - -
St James Curacy - - 1,466 (1,466) - -
St Hugh Canon Ruddy
Bequest		 2,551 - - - - 2,551
St Hugh Ena Berry
Bequest		 9,075 66 - - - 9,141
St Hugh Community
Centre		 16 1,504 - - - 1,520
St Martin General Legacies
St Mark Centre Fund		 4,79)
7,049		 -
938		 -
-		 -
-		 -
-		 4,791
7,987
Total restricted funds 297,934 7,508 (19,351) 14,238 - 300,329
Endowment funds
Permanent
S1 James’ Choral
Foundation		 132,311 - - - 24,756 157,067
St James' Curacy Fund 43,561 - - - 8,358 51,919
St James’ Fabric Fund 204,542 - - - 37,953 242 495
St James’ Endowment
Fund		 43,741 - - - 7,97) $1,712
StMark's Fowler Bequest 21,797 - - - 4,140 25,937
445,952 - - - 83,178 529,130
Totalfunds 853,372 23,489 (43,275) - 83,178 916,764

Page 20

The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby

Notes to the Financial Statements for the Year Ended 31 December 2020

21 Analysis of net assets between funds

Unrestricted
funds		 Restricted Endowment
funds		 Total funds at
31 December
Designated funds Permanent 2020
£ £ £ £
Tangible fixed assets 20,058 280,000 - 300,058
Fixed asset investments - - 555,886 $55,886
Current assets 109,837 112,567 - 222,404
Current liabilities (24,364) - - (24,364)
Total net assets 105,531 392,567 555,886 1,053,984
Unrestricted
funds
Designated
£		 Restricted
funds
£		 Endowment
funds
Permanent
£		 Total funds at
31 December
2019
£
Tangible fixed assets 24,872 280,000 - 304,872
Fixed asset investments - - 529,130 529,130
Current assets 123,226 20,329 - 143,555
Current liabilities (60,793) - - (60,793)
Totalnetassets 87,305 300,329 529,130 916,764

22 Related party transactions

‘There were no related party transactions in the year.

Page 21