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2020-12-31-accounts

Charity Registration No. 1133078

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT'S CHURCH, DARLINGTON ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT'S CHURCH, DARLINGTON

LEGAL AND ADMINISTRATIVE INFORMATION

Lay Reader

Mrs H Hopper

PCC Members Mr P Gilmore Mrs H E Hopper Mrs E Clemo Miss A Ducker Mrs J Gilmore Mr S G Auster Mrs M G Tiffin Miss R J Bell Mr R H Toth Miss C Port Wardens Mrs E Clemo Miss A Ducker Mrs J Gilmore Treasurer Mrs H Hopper Charity number 1133078 Principal address Market Place Darlington Co Durham DL1 5QG Independent examiner Deborah Fletcher-McVay ACA Kenneth Easby Limited Chartered Accountants Oak House, Market Place Bedale North Yorkshire DL8 1AQ

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT'S CHURCH, DARLINGTON

CONTENTS

Page
PCC Members report 1 - 2
Independent examiner's report 3 - 4
Statement of financial activities 5
Balance sheet 6
Notes to the accounts 7 - 16

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT'S CHURCH, DARLINGTON

PCC MEMBERS REPORT

FOR THE YEAR ENDED 31 DECEMBER 2020

The PCC members present their report and financial statements for the year ended 31 December 2020.

The accounts have been prepared in accordance with the accounting policies set out in note 1 to the accounts and comply with the Parochial Church Council's Parochial Church Council Powers Measure (1956) as amended and Church Representation Rules, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016).

Objectives and activities

The objects are: - To grow in our love for God in Christ

The PCC members have paid due regard to guidance issued by the Charity Commission in deciding what activities the Parochial Church Council should undertake.

The PCC has the responsibility of co-operating with the incumbent in promoting this purpose. It also has maintenance responsibilities for St Cuthbert's Church.

Achievements and performance

Owing to the COVID pandemic the church was closed for long periods during the year, during this time our Pastoral Team kept in touch with all our church members by telephone. Our Priest in Charge resigned and left on Easter Sunday 12 April 2020.

An information package was posted to all our parishioners with a worship booklet, a prayer booklet, a letter and various other items. This was very well received and appreciated by everyone.

During the year we opened the church for private prayer and whenever possible we held a service of Morning Prayer on Wednesdays. This proved to be very well supported and now has 12 -16 regular worshipers.

We did manage to hold services at Christmas and the Mayor joined us for Carols in the Churchyard on Christmas Eve, during these carols we gave out 50 Christingle bags for children. We also distributed 100 bags to parishioners containing worship materials, a Christmas CD recorded by the choir, a Christmas card, letter, a candle with holder and various other items. We have had a wonderful response to this.

Before the 'lockdown' we did manage to celebrate Epiphany with a special lunch paid for with funds from the Barron Trust which we all enjoyed very much.

During the year we have held 'zoom' services jointly with Holy Trinity church which have been very well attended.

Unfortunately, this year several church members have died.

There were: - 8 church funerals;

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT'S CHURCH, DARLINGTON

PCC MEMBERS REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

Financial review

Total income on unrestricted funds was £71,091 and unrestricted expenditure amounted to £71,252. This expenditure figure includes £17,040 for the contribution to the Diocese, which largely provides the stipends, pensions, training and housing for the Clergy. The overall decrease in unrestricted funds was £161.

The restricted fund increased by £25,978 due to income of £23,225, related expenditure of £10,324 and gains on investments of £13,077.

The unrestricted fund balance at 31 December 2020 amounts to £58,622 (2019 - £58,783) and the restricted fund balance was £290,832 (2019 - £264,854).

It is the policy of the Parochial Church Council that unrestricted funds which have not been designated for a specific use should be maintained at a level equivalent to between three and six month’s expenditure. The PCC members consider that reserves at this level will ensure that, in the event of a significant drop in funding, they will be able to continue the Parochial Church Council’s current activities while consideration is given to ways in which additional funds may be raised. This level of reserves has been maintained throughout the year.

Structure, governance and management

The constitution is that of the Constitution of The Church of England, which can be found in "A Handbook for Churchwardens and Parochial Church Councillors" (Mowbray ISBN 0-264-67411-1).

Members of the PCC are either ex officio or elected by the Annual Parochial Church Meeting in accordance with the Church Representation Rules. The PCC members who served during the year and subsequently were:

Mr P Gilmore Mrs H E Hopper Mrs E Clemo Miss A Ducker Mrs J Gilmore Mr S G Auster Mrs M G Tiffin Rev'd M P Firth Mrs K Bryant Mrs N L Rewcastle Mrs V E Head Miss R J Bell Mr R H Toth Miss C Port

(Resigned 12 April 2020) (Deceased 5 April 2021) (Resigned 18 October 2020) (Resigned 18 October 2020)

The PCC operates through a Standing Committee, which can meet between full meetings of the PCC. It is the only committee required by law. It has power to transact the business of the PCC between meetings, subject to any directions given by the Church Council.

The Parish of St Cuthbert's Darlington is part of the Diocese of Durham within the Church of England. It is situated within the Deanery of Darlington and Auckland Archdeaconry.

The PCC members report was approved by the Board of PCC Members.

Miss A Ducker

Acting PCC Chairman Dated: 12 April 2021

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT'S CHURCH, DARLINGTON

INDEPENDENT EXAMINER'S REPORT

TO THE PCC MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT'S CHURCH, DARLINGTON

I report to the PCC members on my examination of the financial statements of The Parochial Church Council of The Ecclesiastical Parish of St Cuthbert's Church, Darlington (the Parochial Church Council) for the year ended 31 December 2020.

Responsibilities and basis of report

As the PCC members of the Parochial Church Council you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the Parochial Church Council’s financial statements carried out under section 145 of the 2011 Act. In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a ‘true and fair view’ and the report is limited to those matters set out in the next statement.

Your attention is drawn to the fact that the charity has prepared accounts in accordance with 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) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for accounts to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT'S CHURCH, DARLINGTON

INDEPENDENT EXAMINER'S REPORT (CONTINUED)

TO THE PCC MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT'S CHURCH, DARLINGTON

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 financial statements to be reached.

Deborah Fletcher-McVay ACA

Kenneth Easby Limited Chartered Accountants Oak House, Market Place Bedale North Yorkshire DL8 1AQ

Dated: .........................

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT'S CHURCH, DARLINGTON

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2020

Unrestricted Restricted Restricted Total Total
funds funds
2020 2020 2020 2019
Notes £ £ £ £
Income and endowments from:
Donations and legacies 2 55,927 17,500 73,427 74,973
Charitable activities 3 11,382 - 11,382 18,457
Other trading activities 4 1,051 - 1,051 2,720
Investments 5 99 5,725 5,824 5,811
Other income 6 2,632 - 2,632 -
Total income 71,091 23,225 94,316 101,961
Expenditure on:
Charitable activities 7 71,252 10,324 81,576 191,903
Net gains/(losses) on investments 10 - 13,077 13,077 29,997
Net movement in funds (161) 25,978 25,817 (59,945)
Fund balances at 1 January 2020 58,783 264,854 323,637 383,582
Fund balances at 31 December 2020 58,622 290,832 349,454 323,637

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT'S CHURCH, DARLINGTON

BALANCE SHEET

AS AT 31 DECEMBER 2020

2020 2019
Notes £ £ £ £
Fixed assets
Investments 11 202,463 189,386
Current assets
Debtors 12 5,023 4,917
Cash at bank and in hand 551,969 543,940
556,992 548,857
Creditors: amounts falling due within
one year 13 (410,001) (414,606)
Net current assets 146,991 134,251
Total assets less current liabilities 349,454 323,637
Income funds
Restricted funds 14 290,832 264,854
Unrestricted funds 58,622 58,783
349,454 323,637

The financial statements were approved by the PCC Members on 12 April 2021

Mrs H E Hopper Trustee

Miss A Ducker Trustee

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT'S CHURCH, DARLINGTON

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

Charity information

The Parochial Church Council of The Ecclesiastical Parish of St Cuthbert's Church, Darlington is an unincorporated charity.

1.1 Accounting convention

The accounts have been prepared in accordance with the Parochial Church Council's Parochial Church Council Powers Measure (1956) as amended and Church Representation Rules, the Charities Act 2011 and “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)” (as amended for accounting periods commencing from 1 January 2016). The Parochial Church Council is a Public Benefit Entity as defined by FRS 102.

The Parochial Church Council has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling, which is the functional currency of the Parochial Church Council. Monetary amounts in these financial statements are rounded to the nearest £.

The accounts have been prepared under the historical cost convention, modified to include the revaluation of certain fixed asset investments. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the country and the rest of the world continue to be affected by the COVID-19 pandemic. Whilst uncertainty remains around the length of time this will last and the full impact on the economy, the PCC members have a reasonable expectation that the Parochial Church Council has adequate resources to continue in operational existence for the foreseeable future. Thus the PCC members continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the PCC members in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

1.4 Incoming resources

Income is recognised when the Parochial Church Council is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Parochial Church Council has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT'S CHURCH, DARLINGTON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

1 Accounting policies

(Continued)

Income from charitable activities includes grants received from the Heritage Lottery Fund and Durham County Community. This income is recognised when the charity is entitled to the grant. The remaining charitable activity income is recognised when receivable by the charity.

Other trading activities income is recognised when receivable by the charity.

Investment income, in the form of investment interest, is recognised when receivable by the charity.

Other income represents government grants from staff furloughed which is recognised when receivable by the charity.

1.5 Resources expended

Resources expended are included in the Statement of Financial Activities on an accruals basis, inclusive of any VAT which cannot be recovered.

Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services.

1.6 Fixed asset investments

Investments represent investment fund balances held by the charity which are measured according to the value of the fund at the balance sheet date. Changes in fair value are recognised in net income/ (expenditure) for the year. Transaction costs are expensed as incurred.

1.7 Heritage assets

The Church and Church Hall are not included on the balance sheet of the charity as at 31 December 2020. Both buildings are unique in terms of religious and historical significance. As such a suitable cost or valuation is not available and such information cannot be obtained without undue cost or effort.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT'S CHURCH, DARLINGTON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

2 Donations and legacies

Unrestricted Unrestricted Restricted Restricted Total Total Total
funds funds 2020 2019
£ £ £ £
Donations and gifts 55,927 17,500 73,427 60,003
Legacies receivable - - - 14,970
55,927 17,500 73,427 74,973
For the year ended 31 December 2019 51,838 23,135 74,973
Donations and gifts
Planned giving 35,019 - 35,019 30,267
Income tax recovered through Gift Aid 9,704 - 9,704 8,677
Collections 4,216 - 4,216 6,190
Offertory box 329 - 329 844
Donations at services 6,659 - 6,659 1,860
Church fabric fund - - - 8,165
Clock fund - 17,500 17,500 -
General fund - - - 4,000
55,927 17,500 73,427 60,003
Charitable activities
2020 2019
£ £
Fees 6,255 7,315
Magazine 304 404
Charitable rental income 4,823 10,738
11,382 18,457
Analysis by fund
Unrestricted funds 11,382 18,457

3 Charitable activities

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT'S CHURCH, DARLINGTON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

4 Other trading activities

Unrestricted Unrestricted
funds funds
2020 2019
£ £
Fundraising events 344 1,938
Sundry trading income 707 782
Other trading activities 1,051 2,720

5 Investments

Unrestricted Unrestricted Restricted Restricted Total Unrestricted Unrestricted Restricted Restricted Total
funds funds funds funds
2020 2020 2020 2019 2019 2019
£ £ £ £ £ £
Interest receivable 99 5,725 5,824 174 5,637 5,811
Other income
2020 2019
£ £
Government grants 2,632 -

6 Other income

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT'S CHURCH, DARLINGTON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

7 Charitable activities

2020 2019
£ £
Insurance 10,980 10,970
Church running expenses 11,043 13,599
Church maintenance 2,413 3,908
Magazine costs 627 695
Sundry expenses 3,092 3,036
Church hall running expenses 12,733 15,858
Organist and choir 5,407 6,120
Diocesan Quota 17,040 25,920
Stationery and copier 1,255 1,775
Clergy expenses 439 1,757
Salaries and fees 4,773 5,732
Roof repairs fund - restricted - 52,519
Window repairs fund - restricted - 20,603
Church fabric fund - restricted 1,200 25,904
Organ fund - restricted - 1,143
Clock fund - restricted 8,610 -
General fund - restricted 514 924
80,126 190,463
Support costs 1,450 1,440
81,576 191,903
Analysis by fund
Unrestricted funds 71,252 90,810
Restricted funds 10,324 101,093
81,576 191,903

Support costs includes fees payable to the Independent Examiner of £1,450 (2019 - £1,440) for accountancy fees.

8 PCC Members

None of the PCC members (or any persons connected with them) received any remuneration or benefits from the Parochial Church Council during the year (2019: £Nil).

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT'S CHURCH, DARLINGTON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

9 Employees
Number of employees
The average monthly number of employees during the year was:
2020 2019
Number Number
Caretaker 1 1
10 Net (losses)/gains on investments
2020 2019
£ £
Revaluation of investments 13,077 29,868
Gain/(loss) on sale of investments - 129
13,077 29,997
11 Fixed asset investments
Trust funds
£
Cost or valuation
At 1 January 2020 189,386
Valuation changes 13,077
At 31 December 2020 202,463
Carrying amount
At 31 December 2020 202,463
At 31 December 2019 189,386
12 Debtors
2020 2019
Amounts falling due within one year: £ £
Other debtors 5,023 4,917

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT'S CHURCH, DARLINGTON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

13 Creditors: amounts falling due within one year
2020 2019
£ £
Other creditors 408,601 407,858
Accruals and deferred income 1,400 6,748
410,001 414,606

Deferred income is recognised in relation to wedding deposits and grant income received in advance.

Included within other creditors is £404,973 (2019- £404,827) due to the Poor Moor Charity Fund for monies held on their behalf.

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST CUTHBERT'S CHURCH, DARLINGTON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020

15 Analysis of net assets between funds
Unrestricted Restricted
Total		 Unrestricted
Restricted
Total
funds funds funds funds
2020 2020 2020 2019 2019 2019
£ £ £ £ £ £
Fund balances at 31
December 2020 are
represented by:
Investments
-		 202,463 202,463 - 189,386 189,386
Current assets/
(liabilities)
58,622		 88,369 146,991 58,783 75,468 134,251
58,622 290,832 349,454 58,783 264,854 323,637

16 Related party transactions

There were no related party transactions during the year (2019 - none).