REGISTERED CHAIUTh" NITrIBER: 1133566 REPORT OF THE IRI-STEES A￿T) Ff*-A¥CL4L STATEME)TS FOR THE YLIRENTED 31 DECLIIBER 2020 FOR PERSHORE .4BBEY P.4ROCHIAL CHiIiCH COIICIL PERSHOBI ABBEY P.￿RoCH￿L CHI]iCH COII'CIL YEARENDED 31 DECEIllBER 2020 co.YrEITS OF THE FThLNCLIL STATEMEITS Pxge Reference aDd Admtnistratii'e Deta￿S Trnstets. Annual Report Eud¢p￿Ident Examiuffs Report Stalemellt of Fi7uui¢ial Actii-itie5 ?to7 BAlallce She¢t io Cash FloM- State]ll¢ni oies to tbe Financial Stalemellt$ 1?1025 PERSHORE ABBEY PAROCHIAL CHtIiCH COIT*CIL ITAR LNTIED 31 DECE.IIBER 2020 REFERThCE ADIIINISTRATIIT DETAILS Full PAI'ochlAI ￿*￿¢. The Abbey Cliur¢li of the Hoty CtO85. PeTshoTe The Benefice of Peishor¢. Pl￿￿. ll'ick and Birjingl￿} Lo¢AtIott: Pusliore Ably is located the celltre of the towu of P¢T51K>re tkne Diocese of ￿.-orCeSter. li is part ot tlie laF¥et bellefi£e of Persliore, PinFTL ￿"l¢k aud Bjl'linll￿n. ames ofoffl¢er$'. Pt4e$t kn Ch&i¥e: The Rffl'd Claire Lordtnsr Cui'At•: The kn.d st￿.C Dunton Ir Pet¢r Stausbie Chuiyh Il'"AiYleDS: .Mr Ivdh'am ¥¢Hwan Mrs.Suzanne ClarLe Dealleii. Simod Reps: Mrs Sandra L¢)ng Jayne PM&-¢T {resion¢d ??th October ?020) IAN Repi'tselltAtii"es: %fr D￿lid Long hfr Colin ReeTre$ Mt5 Thomsoll Mi% Jean Audr￿5 tr Jol]n Tyldesley (resigned 27th Juoe ?0!01 MTS Ann Bray Di JudETh DNle Co-opted ￿t￿b¢1. Ra"d Al￿￿ OTga]) (lesi￿ed 25th J￿¢ 20?0) Se¢retan' to the PCC: fvfrs Sata Speed HoDOI'liTr' TreA$vrei' & Co-opted Membei.: Hel¢u knlw.Swith SIAten)eut of Legal StstuL Per5bore Abbey PCC is a Clkirity exemwed from r¢8istraiionMith the Clwity ComJiii%%ion. Charity nwiiba.: 1133566 TlieFrieiklx OAPÉrsl￿reAbb￿. mid,SrAndMi s Cepitre TTllSI are clkyriiKs registei'edsewiraleli. IndepeDdeDt Examiuei.: Azets. A]ll￿￿￿)Qd Howe. 93 Hi8h Stt'eet. Ei"eshauL IA￿1 4DI- BaDkti¥: Barclays BankPLC: Worcesta. Le2AI Ad¥150ll: Stallard & Edll7rd5 LLP. Solicitors. Worcester Arcbltecls: Roba1 Kdgotir &.4ssociala B￿l"dI￿ -.4bbey Gzaemo Beamish. ￿Orcest￿- Si Andrew's Page I PERSHORE ABBEY PAROCHIAL CHiliCB COlThCtL TAR LNT)ED 31 DECE.IIBER 2020 REPORT OF THE 7RI"STEES Pashore Abbey Paioch]"al Chiw¢h Council (PCC)- the Tn￿te8$. pre$ellt their aam]al report and finan¢ial stat¢￿ents for the charity for the j.e￿" ended 31 Deceniber 2020. The re￿tt and ￿la￿cIal stalemellts hai"e been prepared tll accordallce Mith The ae¢otintill8 policie$ Set oiit In note l tt) th¢ accoimts alld cou]ply H"ith die CliarttiT'S Scheme. the ChariTies Act 2011, and Accottyilli* and Reporting by Charili¢s.' Statemellt of Re¢tsnull¢Dd¢d Practice applicable to ch￿ltIeS prepa[1￿8 iheiT accounts ill accordallce Vilth the Finallctal Rq)ortinq Stalldard app￿"(able ill tlieLX and Re￿blIC of ￿tlaud publish￿ iu Od0b￿ 2019. ObJeflh,ts Artlil¢les loi. tbt publlc benellt The Mi5siou State￿¢Ut adopted by the PCC reads, To be a Chwrh rosnwunity ￿'hi(17 responds to God's loi"e ill M"orsknp aiml actiOJL M"elcom¢5 all ui the of Jesus Christ and reaches out to th¢ Mvrld iu ili¢ poii'u of lh¢ Spirit. ￿'e seek to be a Kill8doJll Ptopl¢.' The PCC is cowwitt¢d to N'e[CO￿lQs a'eryone M'isbes to ￿￿ShIp ￿ the Ablw and to build the C.bristia COllJmUlltty of Pffl5hoTe thEough sen"ices. li￿S￿1p. praver. Jllusic alld Sacra￿ent. ell planllill8 the actiiities. th¢ PCC I￿"e coJLsidered the Charity Conm￿10￿,$ Quidattce on pibli¢ b¢llefÈt iu particul￿. tbe siipplemetstatS 8uidance on chaJities for tbe ath'ancement of reiition. In this they e￿￿ea1.0ur to en8bk ordillary people to lii'e out th¢ii faith as part of the parAsh coIn￿￿11ty throu_oh and prayer. pastornl care a]Kl niissiollary al￿ oiitreach M'o The PCC are iE4)onsible for the .4bbey Church aud the parish centte of St Attdrell. s. The n)ailltellance of these buildiri8S. SO th•t they are accessible to the 8elleTal P￿lIC aud as a i.enue for coJicul$. CA￿1£ ￿"¢llts and as a Collununity resoiitce. is att e%geJitial element of their charitable obJectiiEs. A reTlew of our aelbfiHemtDtS ADd perfoTmaDce Fiill ddails of the reports froffj the Priesl-lll-ch￿.ge. ChurchR.ardens and the iwious groups a¢tii'e widiiti the parish are set out ill a booklet presented to Étse Ami1￿1 Meeting. Att¢lldHnce It is iEnpossibl¢ io Tead the $￿VIce Mattstics for 2020 Nithout all a￿are￿¢s$ of the deN"aslaling iinpact the Coiryd 19 palide￿I¢ has on seThices takin8 place tile Abbey. From 17th to 4th July. alld %th Noi"ember to 1st Lkcember there R¢1¢ iio publi¢ Simday 8enice& baptisll)s. ￿.'tddjOgS or fiwd•ls held ill the Abbey. We w'ere able to prcdu¢¢ at Irdsl a M"¢ekly Sunday seThice. alongside oth¢r worship resoiwces. u'hich we shared d￿01 ow. soctal Inojia platftillus. Mthi¢h reached iiially regular i}D￿}UPpe[S ￿1(1 those from fiuther afield ill the UK and 8lob81 co￿[n￿lIty. Our soclal Ju¢dia proi"isioll knas ill wpulajity wilh 514 people follow'illg our FacetrM)ok pag¢ (cojnpared with 2?9 in January" ?010) aod 96 people subxribing to YoiiTube dwlliel (COXllP&'ed iiith 4 ill Janiiary 2020). We are am'ate tbal Jllany others ar¢not offi¢ialty siglled up to thes¢ platfornls biit re￿IlarI5. our conte￿. Sad]y. tbe lockdoMT pr￿.¢￿1￿ Eastu services takin8 place in th¢ Abbey. although Holv W¢eL and Easter was kepi aNJ celebrated Ollline. Cknistilla8 serl'ices did lake place in the Abbey bur liappejwd as C¢i'id 19 ra5es ii'ere increasing. a ihird lockdoTrm lookin# liL-ely and households ￿ing11118 for C]]ristmas H'as not being ieconim¢lld¢d. In ord¢r to L-¢¢p orsliipper5 safe and folloii"in4 social dist￿lc￿9 ￿lide1￿1¢S, the niUllbeE of M'orshippers ivas liinited foi. each ti(L-¢t¢xl smice. HowM"er. maoy people %Dsibly look- tbe decision lo stay at ts0￿¢. re￿￿ted ill the lom. attendance fi8ures. Contimiing golEn￿}ent restrictions on qatha'lllgg of faullt)- and fn'ellds TewliaE in ih¢ iiiaiority of baptism falliilies and 'eddin4 coiiples mak.ing the diffiailt decision tts rea￿ange tli¢iT special 5enices planned for 1020 ftir a time tbey coidd haNe the numb¢r of guests alld party that they ha(1 hoped foT. The bllptisn￿ thAt took place all bap￿ed before arch 20?0 &id tl* sttwl of tTrLe pandauic. The H'eddings and u'ed(bng blessing that did take place. IUKl¢r C,oiid 19 IEstriction& H'ere inllluate alld i.erv special occasions. Page PERSHORE ABBEY PAROCYL4L CHIRCH COIT, ICIL LIR E)DED 31 DECEIqBER 2020 REPORT OF THE TRI"STEES {eontknued) AtteDdance {foutlnued) Tbe illcrease in the nuÈiiber of fiw¢rals tak-en at the cre￿al011uJll or cemeiav reflects rfie fa¢t tbat raw￿leS unable lo ai"e their serkice in the Abbey foi ilwcli of the year. E￿eral seTh'ices at the Abb¢v. follouitsg 19 [￿trICtiO￿￿ reSU￿ed end 0f.4uql￿I. Beb￿d these statisticg M'e reme]llber the. IndiTr1th￿ls and famili£s u.hose 5torie5 we I￿l"e been priiileged to share. We (ril'e thath dipt ill diff￿¢￿1 Hays ii"e bal'e been able to joikney Mth people through happy alld jovfflis time5. as m.ell as the sad alld challengits8 times. Il'e look forward to btingin4 ollr omliue and itt person COll8re8aliolls together 2011. The statistics for the y￿. Bith Con￿1￿ to 2019 are as follo￿1.. 2020 2019 Bapttsm Lnder l year Aqedl-11 Ated 13- 13 Totsl 18 ComDiuuficAnt$ (attd TotAI Atte￿danCe) Easter Day ch[Esti￿¥ (iiicluding c￿1$1￿￿al El'e} No ill person seThire 234 (374) 3991955) 138 (?00 tsrmal SIiDdas' AtteDdAnce$ Adulis Childycll No data for 2020 thie to Coi-td 19 No data for ?O?O thie to Coi-id 19 O" £l.1.074. Mhi¢h 15 630/ It Il"as plawied thai a Ste￿7rdshiP Campai￿ ll'ould take place dunn8 ?0?0 th¢ aini of illcr¢asuig stewatdsliip gi7￿¥ but a150 all iu¢rease in iion-r]nallcial sr¢ll'ardsbip. Hom.￿.￿r. di* to Pand¢￿1( iliis catnwgti has be¢n dela)￿ wilil eady ￿'thy illcollie line has been aff¢cred bv ihe p￿￿en)1¢ ID a Jieqatii'e M7y. HoHM"er. support ]]as be¢u rece&i'ed io terms of qrants and the.4bbey has applied for aiyilable 8Tr￿ts including graJ)ts frow Wychai'oll Districl Council and the Caitral Goi"erntllent-s CoroDai'inis Job Refenlioi) Scliane. M"hi¢h l)ai"e lielped to soften the fin*Kial inwact. Hou'•-¢r. tile income stream Th.'hich illcrease¢i aqain to the i￿PaCt of the paudanic. 15 th¢ foodbank illco￿t. This has U￿reased from £1 1.:90 to £50.169. wtiich 1$ 34410. The 4eDer05ity of IM)th local people w)d businesses as a rcsEK) to those nced is i￿p[ec¢d¢￿te￿ Tlie foodballk has also beert fiLther supported by qtallts. o leqacy lilco￿¢ u?s receii-ed the year (7019 - £11? - -168 of iujrestricied leoacies}. The PCC im'e a policy of gii.in IO% of all itsll'estricied lesEbcies rtteii'ed to uicr¢a5e ibe mi$5ion oii"inrc. Tlxrefor& the mission giiintt eypendittwe co￿pated ?019 Ixit iiiaintbiDed the ￿"$toI1CaI iii-iii? les-el of £3.000. Tbe other significant lliatter thfti Iiad fi N•riollce iii the PCC'S results fot the year is the fu￿ne¢aL ithpact of the oew ¢)r8a Paoe 4 PEKSHORE.4BBEY PAROCHIAL CHIUCH COIThCIL YEAR E)I)ED 31 DECE.IIBER 2020 REPORT OF THE JRI-STEES (¢obtlDued) FIDanrlAI reileiTr (tolllknued) The PCC. contilli￿d u'ith its Pip¢ DTvd]ns call1pai￿ is the fjuidraisill8 piojecr for the new orgall. The PCC also colltillu￿ its c￿￿paI￿ foi tlie oi"erarchin8 Abbey D￿"t10p￿t￿r Proj¢¢t thai in¢lude$ the Pip¢ DreAll￿ ca￿paign plus all allibitious series of piojKt pioposals alliied at iwproi>illg. enlwicin8. 8ud extendin8 rhe .4bbe> stte 9]￿ St Andr¢Th" s CellttE knuldings and fa£klities to inipToie the iisiror experieu¢e both a lihugical alld secular perbptsXii"e and for the benefit. educ*ion iise of tlie k)cal all(1 wider coa)mullity. albeit process w.as sloM"er thall plaillied aga￿ due io the In 2018 a facultv with conditions M'a$ 9ranted bv the Ch￿¢¢ll0￿ of the Diocese of Worcest￿. Hai'illg satisfied all the conditions. fillal approK"al for rtie llew 018an ll'as qranted 2019. Ill October 7019 Friends of Per51K)re .4bbey OPA) generousfv a￿eed to contrEb￿e in fvll to the oap ill fjwduls that Mill occur both diwillg aud ll￿)￿ completioll of the neu" orgau uorks once all fiyi(ling raised frojll other.sow'ces hai'e beett ¢Ybaiist¢d. This ll]eallt that the Abbey cOl￿d comniit to the purchase of rtie nem" organ froni Fratellli RI￿attl. This has iesulted in the ￿lE cost of the contract with Fiytelli R]rfatti beuw illcluded in the 2019 fu￿￿¢1&1 statemellts. Once illstalled and i"oi¢ed the orgaD Mill become an illtegrnl p&t of The Abbey Clnurh of The Holv Cio$& Pershor& ould noi k geparated. A¢¢￿￿11￿8ty. the 17lue of the orqall colltiniied to be txptt￿ed iti the rele1￿1 year diat the costs e uicwrnl as part of co￿$e¢￿ted proyerry in accoithnce Section 10(-) (a) 1¢) of the Chailies A¢t 2011. Witliout suppoit of FOPA th¢ or8all Mould hal'e not been conwiitted to this year and a¢¢oKdin8ly the PCC are i"¢o' 8Tai¢ful for their S￿}￿￿n and generosity of the tolal £123.538 (2019= ££5?.9?S) receivable this year tomwds the or88n. It is noi onlv FOPA ihat I￿1"e supported the oigan appeal. other indiiiiknal doiiors have also H7lling 8iia) lo support this impoitani woiect f￿. the AFAiey. Rlld tbeii 8ifts are equally illued and appreciated which in aggetated iotalled £14.q94 (2019-. £44.491). FOPA hai'e also given gtants for other projects toiaUin8 £9.6$? 12019.. £34.09?) foi. w4xks to the stnicttwe and n)ainr¢nanct of th¢ Abb¢y a￿j tl)e PCC are also grateful for these Bths. Si Alldrni. 8 Pansh Centte gal'e grants to ipport St AndreThs ￿hl¢ll £9.6<* (?019: £11.396). the PCC a150 sralefid ioi. these gifts. The llMallation of tbe Dew lioliting ill the Ablxy N'as conkpleted duruw the year. This by I¢￿d¢le¥ received ' PT•iOUS years I'la the deli￿ated fiu￿ Hliich was establlshed in ?019. The Abbey paid 9011., of P&ish Sh&te req￿ested ￿111¢11 totalled £108.8V6 (2019 - lo￿<0 U7s p&d An 2019 Nbicb Mas £118.548}. in OTdw to do make this pay])Mrt Feseri'¢s wa'e iitilise The rotsl iiitestnients iTrluauon increfi5ed ui 2020 by £?5.496. These inTresmients are held for the lon8 tezm. The Tn are ple&*ed Mith tlie perfOrn￿l¢e of ttle holding but art ¢autt'ous about the oittlook for ?O?l. Fuknte de%'elopmellt$ Diuins 20?0 th¢ ¢llablta8 to Prepare the Abbey to receiie the nell or8th COJllpLeted. Due to Im￿Didable lothtomll and tr￿.¢1 delays caused by the COVID-19 pa￿de￿iL the or8all is not no￿. wected to be itistalled in the Abbej until 20?? The PCC eugaged Grttll￿o0d Proj#ts Lid lo ￿'￿ide project d¢N".¢lopm￿It sai'ices to a$￿st ihe Abbey D￿"elop1￿Cllt FundraisinR Sicctitig Conuiiitr¢¢ to coniillu¢ lis Pip¢ DreallLg fi￿￿•1$1￿￿ campaign and to progress the St Alldrell s and the new N-esty BlIKk w'oject elemeuls of ihe Abb¢y D•"¢lopm¢nt Proje¢l. Reseii-e5 pout> Tlie Jx)li¢y of the PCC. is 10 Inallrt&iti free reser¥es in gelleral iuvestricted fiwds less uhat is tied lip ill I￿741b1t fLx¢d ass¢ly al a l￿'t1 io coi.er three woiiths D)utiu¢ eXpa￿lft11c. excliidin8 parish share. llkn.ch thev assess at a Jllilliinum of £?5.000. The Qu￿ent free resmes *nouiil to £36.48L (?019'. £92.659). The lei'el of free i'eser¥'es exceeded the free IESm'es reqiiircd by the Tnistees and this is de•u¢d ycceplable to help the charity to sleer th'ouoli the coniimial financial conseqL￿ceS of the Coi"i&L9 pandemic on the charty. Page S PERSHORE.4BBEY PAROCHIAL CH[￿cH COIryCIL YEAR EJT)ED 31 DECEAIqBER 2020 REPORT OF THE TRI"STEES {CODtIDued) slrurtmi￿* goieTll•Dre Rlld m*DAgement The PCC 15 a cow¥at¢ body establis1￿d by the ChuLch of Ell_21Jlld and opuat¢s wider the Parochial Church C.ouu¢il PO￿.ets MEa51we. Th¢ PCC is a RegI￿a'¢d CIwAtynumber 1133566. The PCC con51s¢s of the P￿ISh Pn'est. Readers. ChI￿ch￿,￿lde￿s iiiembers elected b) lllaiibas of rhe con￿'e4&t1Oll ho are oll the Elect￿al Roll. Tbe PCC lias pom'ers to CO•OPt n)￿1]berS to fill teJnporni}' i".acallcies. Tlie PCC is i'esponsible for tb¢ day to da? llwia8emellt of the pariskn alld its finauces alld is helpttl thi5 M"ork b)" a number of coADnh&ttees deal￿8 partiailar aspecls of parish ￿re. SAfeguAithg Hal'ing due regard tr) the HoiLse of Bi5bops Report Oll Safwiardink. the PCC Mislkes to confJEm that the guidance bas beeAI follollrd. SI￿an]Re Clarke has continued to aet ay SafeguaTdillg Officer for Pershore Abto" & the Benefice. assisted by Sara Spttd {Safeguarthllg Coordit)ator) alld Jud>. Dale ll'U]n￿lb]e Adults Rwesentstii"eJ. The Patish DathbO￿￿ has betti found to be Panieularly uset￿L rfiis online tool helps us moftiror 8tid k-eep tr&ck of all safeguarding in ow church. it al￿ keeps lip lo d￿e u'ith local and uatioual ¢han8e5 ill 5afeguardill? requirements. All l¢aders Th'oi'king Trutli childrell and YO￿14 people (at Jutiiot Chllrcb. Youtb Groups. Open tlie Book. Toddler Group) the PCC members. duty inanagers of lh¢ Food B8nk. the To*a' Captsin & Deputy Tov4ei" Coptain h￿'e i"81id DBS cenificates. safe8llardll￿ r[a]lli￿tr has be*1 attended b>. 4 peFSOtlliel during 20?0. The PC.C I￿￿eTh'ed atsd approi"¢d the folloTh'illg'. Promotill¢ a Safer C.hur¢h (*017) Polity the Recniiltnent of E¥-offendtts. stsleMe￿ of Policy in Respect of Disclosiur and BarTing oIuDteev The PCC tballk" all the IDIW￿terS so tirelessty to ]naL"e the life comTnuuity of the Abbey. There is att alln￿l thaok you Coffee morning for i"ohwteer$ llthicJL oi'er 100 attended 020 and there are oi"a' ISO loh￿teerS itti'ohtd operation of the Abbey. y￿d Bithoiit lyl￿nI li'e ￿OllId not be able lo offer the iiriety of sertices it Lknes. We are ilKlebted to this qenerous st￿￿d$h1p ot time alld seTrice that is freelv oii"eiL Pag¢ 6 PERSHORE.4BBEY P.4ROCHL4L CHI'RCH COIThCIL AR L)DED 31 DECEMBER 2020 REPORT OF THE TRI"STEES (eontlnued) TRTstee$' i￿SpOnSIbl￿tIeS kn relatlon to the ftDAllflal statements The are tespollskble for PE4)ai'iEig the Tn￿ttes. Anllual Re￿11 aud the fijwicial statements iti ac¢ordauce with apph'cable 1aM. and LDÉted Kuigdom A¢cow]titw standa￿ (LJ]ited KioBdom GenerallyA¢cepied Accoulliing Prnctt¢eJ. The laiir app]scAblt to chwits'es in Enfiland & Th'ales reqiiires rhe tnistees to pi'epare financial statements for each fill8ocial year ll41ieh 8ii"e g ￿[¢ Jud fall. iiew" of the stale of affaits of the of ihe itthmillg ¥esoitrces a￿ appb"calioll of le￿UrCeS of the dlarity for that period. lllpreparills these fiJTrancial statemellts. the ti]stee5 are reqllil'ed to.. select suitsble accfflmitillg policie5 aad apply them CODSiStently.' obser¥.'e the ￿EthodS 8lld P[i￿ripl¢S Of the applicable Charitie5 SORP ?019 (FRS IO•): aL-e jUdgell￿nts alld estimates thar ftre Ica50nable P￿￿ent. state ii"lieilier applicable accoimting standards haNe been fOllo￿e￿I. subject lo any material depatttwes disclosed e¥ylailled ill the fEllallcial staten]ents: prepAre the t-tllancial statemeEtts on the golng Collcem basis w￿¢$8 it 1$ inapproprtate to pze*llne that the charity ill conti￿le iti operaiion. The tnistees are responsible for keeping p]oper acc￿l￿ti￿9 reconls tliat disclose Hith rea%onable ftccwacy at wiy ti)ne the fiiwicial p051tAon of th¢ tharity and eiiable ihem to that the fU￿1claI ￿atemenTS conipty M'iih rlie Charities Act 2011 ￿ld the proiisions of rhe ffitst deed. They are aLso responsible for safewiarding the assets of the charLry and ha)ce for tsk.ing reasollabl¢ steps for the piei"enlioD affld detectioll of fiaud alld other *￿e￿ilarITies. AppToird by the Tnistees on the ?021 alld siglled Oll their bebaltby.. R￿'d Claire Lording. Cliair of rfie Tiustees PERSHORE ABBEY P.4ROCHIAL CHI"RCH COIry'CIL E4R E)T)ED 31 DECE.IIBER 2020 LJTIEPL)DLNT E￿IlL*￿t'S REPORT TO THE TRL"STEES OF PERSHORE ABBEY PAROCHL4L CHIIiCH I rep￿t (o the Ch￿71) Itijstees o]J ￿Y eX￿lIU]4tiO1l of the accounis of the chariry- for the ￿'t￿. ellded 31 Decemlkr O?0 .htclL are set our paqe5 9 to Re.%yonsibllltlts and ba5b of i'epoit As the ¢liarÈtsO5 In]stees s.ou are responsible for the preparntion of the a¢clA￿t$ in a(c￿lEan(C M1th the Tet coni"elltioL ll)odified to inchmje certain iieiits at fait iTrlue. suckn as uii'eslmetlts. The fll]ancial ￿&te￿ellts are presenied in %terliug IFhicb is the functional ciurency of the chazity alld rounded to the nearttt £1. The flliancial sratemellts include all trallsactlons. assets alld liabilirtes for Ththi¢h the Pamctsial chi￿ Cowicil 1> reS￿nSIble foT by laN'. They do ￿t uiclude th¢ accoullls of chllrch 8roups that ￿￿e their jlla1￿ affdLatioll to another body. llor those tht ate iQfon￿￿1 8attsain8s of cllurc The fin8llcial st&ieJnents are appTOi'ed a petiod M'here theTe is Jnu¢h i￿￿ettaInty as a result of the eJuer4enc¢ and illtenthtional spread of COIID-L9. Tkn ultijllaie inipact of the CONID-19 palld¢niic on the fillances of the PCC is siill 1￿clear. HOM'￿.￿. the tru$t¢es ¢oll¢lud¢ that that chgn'ry ba$ 8deou8t£ resources to ¢olltinue its actii'ities for the foreseeable aud consider that there ii'tie no uJat¢tial uucertainties over the cl]arity's financial l'iability. .4ccordinEls. Ibe financial sM¢]llents are prepared oll the 8oill4 concern basis. The significaut accthu)till8 poltcie¥ applied iii tILe preparaÈioii of these fmallcial $tatemeuts are set out beloTh. Tlitse policies hai"e consistentlv applied to all years piesellted iulless otheN'ise stated. Fttod3 End0￿￿ellt Funds are fiumts. tlie capital of M'l)icli inust be maintained: oiily income arisitig from iui"esunent of Ihe t]￿￿Tr¢llt may be used eitha. a$ restricted or untests'ieted fill￿1$ depending wii ihe pwyos¢ for Thhi¢h the eIth￿)nellt estsblished. Restricted filllds represent (a) iucotlle. from ttu%is or ¢ndoThMmts Ml)i¢h nlay b¢ eXpl￿ded onLy oll those restricted objects proiided in terms of tbe ttitst or bequest aud Ib) donlc fions or yraJLts ieceii'ed for a specific object for waich v'ere giiell or iiii'ited bi. the Paroclllal Church Coullcil for R specific object. The fi￿d5 may ollly be eTpend oll the specific object for ihey m.ere 8iTr'en a￿d any balallce ret]￿1￿11￿ ullspent at die end of each year Jnu51 be ¢￿Tled for%vard as & balauce oll that Unr¢sttic¢ed funds are ￿lld$ that avaiLable for i￿e at th¢ discTetioii of the TTh￿t¢ts ill fityth¢rallce of the objects of tbe clwiry. Desigtsased fi￿d$ are tIM)s¢ set aside b> the T￿￿te¢S for a 5pecifLC ￿￿pOs¢. Infome i*cognltloll Planneil qiiin8, collections aod dottatiolls are reco8ttised iilien receti"ed. T&x [eli￿d$ are recointsed wha? Ilie illcoming rsoutce to wlLich tliey relate is recen'ed. Rents. fees. adi-eni&ing. orants alld kgacies ￿'e accounted for ?heD the Parochial CThillrli Cowicil is letcall) entitled io the alliounts due. Page l? PERSHORE ABBEY P.4ROCHLIL CHiIiCH COIThCIL YEAR LII)ED 31 DEC.EMBER 2020 IOTES TO THE ELI￿}CLIL STATEMLIryS (CO￿tIn￿e Sumn)Ai?- ors18￿InrAllt A¢tOllDtkng pojlcles IDcome i'etO8nltlon (contlnued) Interest on knds lield oti deposit is Incli￿ed ieceii7ble 8Ad the a￿0￿￿ C￿ be measurd reliably by the clwiry.. this is Mompll}i iwon noiificntton of the ij)terest Wdid or payable by Yae ballk". DiiideJMI$ 8Te rewgoised ollce the diiidelld ha% beell declared and nots'fieation has beeo receii.ed of the th'i'id¢nd due. .4ll otliffl" iuioiii¢ IS Teco8nised once the cI￿lry has entirlewent to the income. il is PTobable that the in¢om¢ be r¢ceii"td. alid the a￿oUnt of illLoille teceii'able call be Jlleasured reliably. No ineomehas been declared net of expendittwe. EXpeDdlt￿i't i'¢t•¥nitlo Li&biEities are r￿0g￿lSea as Lypenditw'e ￿ Sooll as thde is a lesal w ¢ollsinKtiie obliWiOll co￿￿Etti￿￿ ihe Cliarkt! to Éhat expellditure. it is wobable that ￿ttle￿¢llt be required aud the amount of the obli*ation cali be reliably. All expelldftture is accowLted foi. on aC¢n￿lS basis aud has be¢J2 Classthed headings ihat aS￿e4ale all costs related to the category. Expelldittur is reco8ni5ed thet¢ is a le8al OI co1￿￿￿et]i.e obligation to payments to third parties. it is probable that die 5¢tt1alleut Thill be iequiFed. alld the amowit of the obli8Yltioo ca be measiJred r¢liabty. re¢oi"eLabl¢ I"AT is charged as all agall￿t the actiiity for whicli axpenditiw¢ ar05e. Expelldkture is 9eneially Teco8tiised thhen Èt is iticutted al￿ is accounted for ￿$$. G*Alltg artd dol￿tiOnS are accol￿ted for aMIFded or. iii die case of collecti￿$ paid I4"hen ttse has o¢¢utt¢d. Di(*e$a￿ slwe is paid lo tlie maximuw £¥rellt ai'ailable fiThEi currellt year ill)restsict¢Jl fiuxts. Flxed *ssets CoD5eci'Ated pl￿per￿- In so faf as consecrdied property of ally kind 15 excluded from the sratutory defiuition of 'charity' by Secti￿1 10(:) (a) Ic) of the C.liaTifies Acl ?01 I such assets Ote noi eapiralised &n the fllW]cial sratelliaits. Expellditwe Mtitch is ¢Ollsidered to be intepil part ¢Ollsecrated pxopeny aye ¢xp¢fjd¢d the f￿all¢la1 statallakl¥ the year iu Ntiich the exp¢ndihu¢ is iiicun'ed. EqlllpD)eut loi"eable eqiiipmair (not f0rn12llg pan of consecrated property) are Capitalis￿ ai ¢OSt Mthere ihey cost more at least £l.O(Hl. T])ese assets are depreciated oi'er their USefi￿ ecoJM>llUC lif¢. Depreciats'oll is proiided by the charity lo writ¢ off the cost or i￿UatiOn of tat18ibl¢ fLxoI a55ets oi-er their estiEn￿￿ u8ethl eCou0￿1¢ ILIES a5 2000 per strai8bt lint. Operattng Itiise5 Reffifftls applicable to opeTrtill8 leases ￿1b$￿￿tiall￿. all th¢ b¢Defit- alld ti5ks uf oMytt%bip tell￿1n the les¥or are charged to the Statemellr of Finaucial A¢riiiti¢s on a straiqbt luie basi5 oier tlie terw of the lease. Illvest￿tnIs are a fonll of basic fjnallcial instnullellt NTrd ale iuitially iEco8nised at their transaerioll ialiie $i￿Seq11￿1fty ￿nea*￿ed at their fair l'ali￿ ag at the balance sheet date iisits8 tiLe eloginq Quoted inarkei price. The statement of finallcial aclii'Lties illclude5 the net gains alld losses arising on i￿￿11￿11011% tbroii8hoiit the }.￿. Paqe 13 PERSHORE ABBEY PAROCHEAL CHtIiCH COl7iCIL ITAR EITED 31 DECELMBER 2020 IOTES TO IHE FLNLJCLIL STATEIILNTS (Colltthued) Snmmir). of ￿8￿laC￿Dt AetollntlDg poudes (coutluued) For¢lgll ¢MTtm¢Jt$ Trallsacttoll5 in forei￿] C￿￿￿1¢1eS are record￿ usintE thc ￿te of niling at the date of the trallsaction. lolletary assets aud liabilitie5 denoniitiated in forewi currcllcic5 trauslated i￿￿￿8 the iate of exdianBe tuluE8 at th¢ balallce Sheet date. alld the 4alli or Ioss Oll translatloll 15 lllcli1d￿ ID the statE￿￿￿t of Fftnanrial Aclii"iti¢s. PeDSIOll5 E￿pE0yeeS ate entitled to joiD a defiued conttilxition llmiei pwchase scheme WAth tbe National Ejnpioyinenl Trust. Stocks Stocks ore i?lued at the IOMW of cost or fair I"ahi& makiD8 Ihie alloHpllce$ for obsolete and Slou'.￿01.]ns itell]s. DoDAttil goods $er4,l¢es The Food B￿lL- M'ere dollared l?.841k8 (2019.. -.946kg) of food dwiAg the s'ear and it distributed 13.iH3ks (2019.. 8.437ktr). The Tnmell Tnw odop¢ fi iaEuation of £1.71 per ￿ (?018: £1.-5 per kgl. The doll￿¢d stocks held at the year end hai'e beeii included at £uil. The ttustees ¢onsider the fair i?lu¢ of the ito¢k ¢8llnot b¢ reliabty Ineasuted Mithout incuning &xcessÈ%E time and costs for the ch8riry. .411ocatlou orsuppoit goienixDce costs Svpport ¢osts are those that assist die w"oJk- of the charity knit do not dire£rly represwit clwitable actti'aties attd ill¢lud¢ office costs. goi"en]wice cosls. and adjninistratiie costs. Thei are iocwred direL'tly in support of &ypeudilW¢ Qll the obj¢cls of the chaTity. supy)rt cosls canllot be directly arthknted to particular headm?s. they hai'e beell allocat￿ to cost of iaisiiig fill￿5 WaKliture on clMri¥able activities on a basis consistellt use of the resow¢es. Opei?tlng leises Raitals applicable to operatin? leases llthere substalltlally all th¢ b¢ll¢fits and risks of rejllaill uith the lessor £lwBed to tlie Siatallent of Fillancial Artivit&es OATr a srrai8bt-IiEie basis oi'er the temi of the lease. Recogllltlott of Ilabillties Liabdities are reCO￿lS¢d th¢ cEwity ha5 all 0bli4atiou to niak¢ paytneut to a third pty. Page 14 PERSHORE ABBEY PAROCHIAL (JllliCH COIThCIL YEAR EIDED 11 DEC.EMBER 2020 OTES TO THE FLILJCLiL STATEIIENIS (contjnned) IDcoJlle l-llre$tslcted Fund$ Restiatled Fullds Total 2020 2019 Regiilii. 62.110 16.529 6.5.92£ Tax recoiery Collections lat rtll senices) 16.$79 00 86.339 20.-".4 104.308 86.339 otbei. voluDtxiTr IDCODie Grallts-.4bbey (ir7￿f5- St AodreM Gi'allts- fiwlthi9h scliejjie Donations alld appeals Food bauk- donations St An(IreMs dotiatii)]IS Legaci4s iO.(M)O 206.391 11,371 216.391 23.114 -788 6.885 10.169 6?5.199 -.88 40 50.169 66.221 11.290 1.933 30J-.6 268.131 835.741 122.71 S 268.-.11 391.446 940.049 b) Acuiltles foi. genei'Atthg fllllds Iier fuBth?ising incollle Abbey hire clwges Bookslall Encome la&aziiie iu¢owe Plum fayre 2.577 10.374 S.911 2.833 923 8.149 6..fj38 6..f 38 35.898 c) InC0￿e Th'om IDI'estmellts Dii-idaids stAlldre￿.S.$ dii"idends Bank iJll¢re 5.510 1."03 5.5 EO 1.-03 1.644 664 373 .586 667 d) ljkcfjme fi'ow chuirb A¢tlFltles Abbey s￿￿.1¢e fees Sf AndreTh s bire charge5 Oth¢r illcome 14.$01 10.353 6.398 7.62- 1.066 .6?7 l.066 11.977 TotAI ADeOIII+ 141.603 275.944 417.547 .014.866 Paye IS PERSHORE ABBEY P.4ROC'HEAL CHIIiCH COIThCIL TAR ENI)ED 31 DECEMBER 2020 -NOTES TO THE STATEIIE)IS {colltiulled) Expendltuye IRresttlcted FuBds Resti'leted Funds TotAI 2020 2019 ) Abbe} mlDlstl!' And fiduthilstratloo lijiistt).: Dioce$an parish sliate lini5ty expell¥es I'orthip expellses l'outh InissioTrary Office ￿ld athninistraiio epelldellt euinillatioll., Audit Food bajik exP￿id1t￿.e Music aud orqanist DepreLiation 108.826 2.096 108.896 ?.096 1.?31 3.003 io 118.548 1.548 10.4?4 31.859 3,003 ?7.206 104 ?4.] 5? 3.45? 1.812 3.447 1.812 5.463 1.81? 149.191 24,656 173,847 183JJO bl AbbeTr iVllDlllg costs expaidihrre Floodliohtitl8 Abbe} dth'elopniellr fi￿d Heal and lighi 180.530 180.530 45.6(M) 1.291 1291 8.0-. 8 8.078 S.26 9.768 7.47-, 56.949 4.*49 Cleantng 43.724 l89.298 733.022 686.252 ¢) FuudrAtsIDg ¢xpens¢s Bookstall Magazine Plum favr¥ eynseg .4bbey hire costs Other fi￿d[al$l￿8 costs Cost of g¢lleTatin4 inco￿t- organ Cost of oenffititi¥ I￿o￿¢- ADP 3%1 1.440 4.474 699 4.595 .4SO 1.-83 932 93 L4.70- 5.546 34.491 d) St Alldi'ew's IllllDlll8 ros1$ Heal alld light lllswance 2S94 lJ16 321 3.313 1.316 13.3%6 3.054 4.182 1,43 I 16.459 3.708 1.093 1.15? 13.356 Cleanillq her 8eneral co$ts 3.0$4 1.607 1.607 8.971 13.617 4?.648 28.095 Total expeDdltui 207.432 ?27.631 43S.063 932.1 18 Page 16 PERSHORE ABBEY PAROCHIAL CHIIiCH COIThCIL YEAR EJI)ED 31 DECEMBER 2020 OTES TO THE FThLNCL4L STATEMLNTS (contI]h￿ed) Staff costs 2020 2019 Gross Salari¢s National Iiisiirallce Pension Contributioi 2S.O;S 31.691 438 33- 3?9 Total slAff tosts 28.880 32.$66 Tlie nurntKr of e]llpk)y¢¢s dwing th¢ y¢at M85 6 (?019.. 6). all these Staff w.ere p&rt time. ThLYe u'ere aJ)ployee to k¢y Jllanas¢m¢utpersonuel iu the C￿￿( QT wri.10￿% years. Thie io die paiidemic 4 ot tbe staff llere on furIoll￿A dwill8 tlie ye4U'. and the .4bbey ti￿de a clftim under the CentrLI Goi'¢rnwenl"y Coronai'irns Job Retentioll S¢hell)e. A¢¢Oid￿sty. lli¢¢)m¢ of £-, -88 ieceii'ed to lielp Ith The Bixx'e staff costs. Ti'ustees, ke) m*nAgeJllen( p¢]￿￿￿¢] ItmllJ+i•tlott And eX￿n￿$ The I￿￿tee5 all gii"e freel} th¢ir lime attd ¢xJknis¢ Hithr)LM &ny fomj of r¢mwieration or othu bejiefit casb or Lllld (?019'. £uil). tXuiu8 the }¢ar die reimbiwsemellt of eX￿se5 totallilli £1g-. S There paid to ? Tn￿te¢S {4019- £2.347 for 3 Tn]st¢es). R￿.a Aima Organ also r¢¢en"ed fees for offimiing at fima?l$. ueddi]18$ and cr¢tllaliolls dwill8 the YM. These ere at the official tate as ￿1b11$1}ed by the Worcaqter Diocesall Board of Fit)allce. A of the Tn￿eeS Jnade donations to the PCC both as w)restsicted don*iollS alld ie5trictiollS donatiODS. These dollalioiis w"¢re inlliiaterial and did llot hai"e ao inipact on the operation of ihe PC.C and therefor¢ are llol dis¢k>sable on all illdls7d￿aI basis. tDdepelldtut e￿￿thiel￿ l Audltois, iywunei'atlou The tndepelldenr exa￿l￿t[S I¢￿1￿cra110ll for 2020 £l.f 60 (2019 M?s au audit due to the income I￿.el ID 2019 H'as £3.000). Ènclusii-e of I'AT. Pige 17 PERSHORE.4BBEY PAROCHIAL CHIIiCH COI)CIL YE.4R EIIIED 31 DECEMBER 2020 OTES TO THE FD-LICL4L STATE)IL)IS l¢t)ntlnv¢d) Flxed assets Equlpmeol Cost At l JanU￿Y 10.0 Additiolls At 31 Deeejnbu. 2020 1-..091 Depi'eclRIIo At l jallU￿y *O?O aiarqe the yth. 2.964 3.419 tt Book I'alue 6.383 At 31 Deeembrt. 2020 10.708 At 31 Tjeeembei, 2019 11.813 2020 2019 CBF lttLYstment lithd units. 12.569 units CBF II)N'¢sthieut fund ullit& 1.105.67 Ulljts One Trne I'iell"Plt- 5,000 £1 A Shareg at eost ?40.936 6-.930 ".4.838 5.000 3I3.806 There M?s increas2 ift the iyliiation as at di¢ year end of tlie inles￿ents beld of £23.496 (?Ol9'. increase ill "ahjation of £$0.404). The iothl ttumber of CBF ini"estrnent fiMLd ithits held as at the }rar end ￿.￿$ 14.0-.4.6-, (:019 14.0/4.67 Ulltis). The italuatloll M"AS frolll the niid-m&k-et i'aiue woi'.Rded by CCLA at each respectii'e year elld. The rottl llllmber of ordinw £1 A shares held lli Olle Ttue I'ieM" PLC held as at the srar end H7s 4.0(N) ?019.. 5.000). These are ialued ￿ their ttomwal i'alue of £1 per share as they ll'ere gified to the charity in 2017. Th¥ tswtees consider the J]wkd i'alue C￿￿Or be reltabl> Anea$￿ed ￿lthO￿t illciuring excessii"e time al￿ costs for the clwitv. Of the tt>tsl illi"eslmelli assell £?5Y.504 is held under the endollTrent fill￿ (2019.. £240.936}. £-.4.858 is ￿la uuder the 1'¢5ts'icied fiwd (1019.. £67&30) alld £q.000 is held under the whrestrided fi￿d (?019: £f.OOOI. Page 18 PERSHORE ABBEI" P.4ROCHIAL CHiT 339 12.130 1.3?5 3.049 1.3fA (2.761) (504) 2.545 Total I￿%11￿ted "5.944 227,631) 6.928 194.-.24 Food BAnk Food BanL- iu P￿￿tsOre is operated ul￿tr iht ￿lida￿Ce of Th¢ Tn￿￿¢11 Tn13t foT V4'hich the pwws¢ is to stop UK hU￿8t[. The PCC are th￿te¢S of tbe Pushore Food BanL.. Del-elopment The Abbey DeN"elopmellt Fi￿d is Te5rricred for the use of projects w,hi¢h Seek io d¢Nelop the fabric of the Abbey so that li'e cm L*Ther achi￿.¢ oiw mission aims. Ir is restricted to the deielopmaii and restoration of tbe fabric of the buildlliq. ill ornaÉiient& fiunL8hin8s alld fitsjkents. Fi'ollti5piKes Fulld re51TiCted f￿ use of the fronlispie¢e s ￿￿]ntenance 8nd i'epau. at the Abbej.. "est End The 11 est End restricted fund ffts iised foi the ]Dailltal￿CC alld repair of tlle IIFest Elld of theAbbey. Clock Tkni% restiicted fulld is forthe repair oft]ke Abbey cbck. Page21 PERSHORE ABBEY PAROCHLIL CHi￿CH COIThCIL YLIR LII)ED 31 DECEIIBER 2020 OTES TO THE FL￿￿NcIAL sTATE￿￿%￿s (contluued) 13 Re5trirled fullds (colltluue4D Ful￿1t￿l￿ Restrided fiTnds for t1￿ pwdmse alld r. Th¢ follouTh8 tr￿l$aCtionS tooL- place dursll8 the year. Restricted 8rallts receiiable St .JlndTthY'S PatisiTr Cejitre TnL4t durin8 the yeaT - £9.65? (2019.. £11.396). Fri￿(ts of Per$h￿'e Abbe5' ffoPA). Mllich is a separate registered cl)aTity is & rel&ied pity by i'ittu¢ of ¢oJllmoll Tn￿lee8 beni'eeji the IM"0 diaritiei. The following transactions tth)k" place duriJ)8 tlie year. - Restiicied grallts recen'able f1-0￿ FOPA thwillg the year (excludillg the Or?￿1)- £7,Sryf (•019'. £34.09T) . Orgau grallt5 receii'able from FOPA illcluding ellabln¥ MorLs- £l?3.S38 (?019'. £S%?.9•1) - Debtoi. due fiDm FOPA at riJ¢ je￿ end- general i'esttiaed gianrs- £Nd {?019.' ££ -,0",1 - Debtoi due from FOPA at the Ye￿ end - organ - £?LS {?OI9'. £40-..8!8) {Mryll be subiccl to foreÈ8ll exchange tlu¢￿a￿OJ)sj The T￿￿1￿8 of the PCC are extretnely for tbe ruwic￿l support receii.ed frojll both St AJLdreH s Celltre Tnist alld FTiuids of Pershore Abbey Paqe 24 PEKSHORE ABBEY P.4ROCHL4L CHtIiCH COIThCIL ITAR 31 DECEIIBER 2020 18 PIUOR PERIOD CONIP.41L4TtIT SOFA STATLIIENY OF FPi.4)CtAL ACTIIITIES FOR THE ITAR 31 DECEIIBER 2019 2019 TotRI Dd5 2018 Total Flllld$ IDl*Sti*¢ted Re5ti4¢ted EudowDient Fwids Fuod$ d$ Income EndowTrellts: 'oluntary in¢om¢-iegular ¥ii'iug -oliintary incoJue- other 104.308 134.50£ 104.308 10 1.6?3 835.741 105 J13 Actki'ilies for qellerating fimds. 35.898 38.341 Incojne froiii illi"estrnents 6.831 rth actiiiti¢s 31.252 31.25? 28.818 Tolftl lll¢omt 306.62; 708.239 1.014.866 ?8-:.130 Exi)eDdllw*: Abbey u]inisty atid adwinistrotion 114.742 8.608 183.350 140.846 Abbey r￿nning costs 66.£23 619,:29 686.25 Fullth?ising expellses 13.499 34.491 3".031 St Andrem's n]nri￿ ¢osts 13.601 14,494 ?8.O*J l3.158 TotAI expendltui'e ?68.364 663.:$3 93? 118 "8.898 et befoye iuTre5tmell¢ YIDS 38.?62 44.486 82,"48 8.13? Net gaius (Ios5es) on illNestDLents E?.438 37.966 50.404 (2.095) Net tllcome 56.924 37,966 133.152 Transfer beNThi fulld5 13 41.956 141.916) jel rnoj-ement In funds 80.118 l4.968 3"..966 133.15? 6.13- Totsl fi]nds brou¢ht fornxTd 1?6."89 381.653 3;6.516 TDtAI e#rrled f•rwaixl 133.11? 141.-:17 *40.936 %1$ 805 381 6$3