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 Team Ministry has not functioned well for the past decade + There has been a lack ofeffective strategic leadership and direction * Governance is weak * Initiatives are not followed through * Financial sustainability is declining year on year * Our membership is not growing + Interpersonal difficulties hinder progress + There is a huge opportunity in Grimsby for the Church’s mission and ministry * Community partners want us to get our act together * We are unsure how to turn things around, but it would be great if we could 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 Page 4 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: - |. accounting records were not kept in respect of The Parochial Church Council of the Ecclesiastical Parish of St Mary and St James Great Grimsby as required by section 130 of[the][Act;][or] 2. the accounts do not accord with those records; or 3. the accounts do not comply with the accounting 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. | 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 - 1 Accounting policies ## 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| **----- End of picture text -----**
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