ANNUAL REPORT OF THE TRUSTEES OF KNEBWORTH PAROCHIAL CHURCH COUNCIL CHARITY REGISTRATION NUMBER 1133728 FOR THE YEAR ENDED 31[ST] DECEMBER 2020
Aim and purposes
Knebworth Parochial Church Council (PCC) has the responsibility of cooperating with the incumbent, the Reverend James Pye, in promoting the ecclesiastical parish and the whole mission of the Church for the public benefit.
Worship and prayer
The PCC is committed to enabling as many people as possible to worship at our churches and become part of our parish community. We try to enable 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.
Administrative information
The PCC is responsible for the Parish Church of St Mary and St Thomas of Canterbury, Knebworth Park; St Martin’s Church, St Martin’s Road, Knebworth and the Parish Centre, St Martin’s Road, Knebworth. The correspondence address is: 15 St Martin’s Road, Knebworth, Herts, SG3 6ER.
The PCC is a charity registered with the Charity Commission.
PCC members who have served at any time from 1[st] January 2020 to the date this report was approved are:
Incumben t The Revd. James Pye Chairman Wardens Vacant
Deanery Synod representatives
Mrs Jane Lucas Mrs Melanie Pye - elected October 2020 Elected members Mrs Penelope Paton – PCC Secretary Mr Philip Skinner - resigned October 2020 Mr Timothy Coulson Mr David Graham Mrs Sharon Smith
Mr Alan Williamson Mrs Sally Groves Mr William Anderson Mr Mark Clifford Mrs Elizabeth Graham - elected October 2020 Co-opted members Mrs Anne Purvis – elected November 2020 Revd Karen Turner –elected November 2020
KNEBWORTH PAROCHIAL CHURCH COUNCIL Registered Charity Number 1133728 FINANCIAL STATEMENTS 2020 Page No. ststement of financial activities Balance sheet Accounting Policies Incoming resources Resources used Further notes to the accounts
KNEBWORTH PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2020 Note Unrestricted Reslri¢ted Endowment funds funds funds Totsl 2020 Total 2019 INCOMING RESOURCES 2a Incoming resources from donors 2b Other voluntary incoming resources 2c Income from investments 2d Church Adivites 2e Other income resources 28.327 3,475 31.802 48,694 4,1]00 4,(100 559 21.229 8,450 688 39.602 411 21.229 TOTAL INCOMING RESOURCES 49,967 7,475 148 57,590 97,434 RESOURCES EXPENDED 3a Grants 3b Activities directly relating to the work of the Church 3c Church management and administration 771 1,282 50.329 2.080 52,409 86,111 4.420 TOTAL RESOURCES USED 54,317 56,863 91,812 NET MOVEMENT IN FUNDS BEFORE TRANSFERS 14,3511 4.930 727 5,621 Net Transfers NET MOVEMENT IN FUNDS 14.3511 4,930 148 727 5,821 BALANCE BIFWD 1.1.2020 40,319 6,617 16,900 63.836 58,214 BALANCE CIFWD 31.12.20 35,968 11.546 17,048 64.563 63,836 Page 1
KNEBWORTH PAROCHIAL CHURCH COUNCIL BALANCE SHEET AT 31ST DECEMBER 2020 Note 2020 2020 2019 5 Flxed Assets Current Assets 6 Cash at Bank and in hand Paterson Account Cambridge & Counties Bank 7 Debtors 13,374 707 49,537 13,708 706 48,986 65,910 68,161 Current liabilitlgs 8 Amounts due within one year 11,3471 14,3261 £64 563 FSnanced by: Funds: Unrestricted Designated fund Building reserve Reslricled Mission & Outreach fund Elsie Martin bequest Paterson bequest Churchyard maintenance fund 18,398 17,570 22,749 17,570 6,801 205 707 3.835 11,548 6,618 Endowment Bishopp bequest Cobbold fund Green bequest Neale bequest 5,541 10,255 746 504 17,046 16,898 £64 563 Approved by the Knebworth Parochial Church Council on.. Signed on ils behalf by.. IPCC Chaimian} (Hon Treasurer) The notes on pages 3 to 8 form part of these financial statements. Pag8 2
KNF.BWORTH PAR()CHIAL CHURCH COUNCIL NOTF.S TO THF. FINANCIAL STATEMEINT FOR THF YF.AR F.NI)ED 31ST DECEMBER 2020 I. ACCOUNTING POLICIES General The a¢¢ounts hav¢ b¢en prepared in accordance with the Church Accounting Regulations 2006. The financial statcments have b¢en prepared under the historical cost convention. The financial statements include all transactions. assets and liabilities for which l)CC is responsible in law. They do not includ¢ accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. Funds Endowmenl]undi are funds. the capital of which must be maintained- only income arising from the investment may be used as either restricted or unrestricted funds depending on the purpose for which lh¢ endowment was established. Re.slriciedfund.f represent (a) tneome from trusts or endowments which may be expended only on those reslri¢ted objects provided in the tenns of the trust or bequest, and (b) donations or gTrants received for a sp¢¢ifi¢ object or invited by the PCC for a specific object. Th¢ funds may only be expended on the specific object for which they were given. Any balan¢¢ remaining unspent at the end of the year must be carried forward as a balance on that fund. The PCC docs not usually inv¢st s¢parately for each fund. Unrestric¢edfvnd.¥ are general funds which can be used for PCC ordinary purposes. Incoming resources Pl(Inned gFiving is r¢¢ognis¢d when received, with the exception of payroll giving which for control purposes is accrued in the month of payroll deduction. GrklS kwd donations receivable are accounted for when awarded. Resources expended Grants and donations payable are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when paid. All other expenditure is generally recogntsed when il is incurred and is accounted for gross Fixed Assets Consecrated and beneficed property of any kind is excluded from the accounts by s.96 (2) (a) of the Charities Act 1993. No value is placed on moveable church fumishings held by the churchwardens on special trust fur th¢ PCC and which r¢quir¢ a faculty for disposal, since the PCC Page 3
KNEBWORTH PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATF.MENTS (continued) FOR THF. YF.AR F.NDF.D 31ST DECEMBER 2020 consider.% thi8 to be inalienable propcrty. All expenditure incurred during the year on consecraled buildings and moveable Church furnishings, wheiher maintenance or improvement. is written off as expenditure in the Statement of Financial Activities and separately disclosed. No value is placed on the Knebworth Parish Centre, which was built at a cost of £267,191 in 1994. Other assets used within the chuTch prcmiso5 aT¢ depffeiated on a straight line basis over thcir cstin]atcd u5cful lives. as follows: St. Mary's Organ l O years Office equipment 4 vears Sound system 5 years Thc dsscls were all fully d¢pr¢¢iat¢d at 31 st December 2020. Page 4
KNEBWORTH PAROCHIAL CHURCH COUNCIL INCOMING RESOURCES NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020 Note Unrestricted Reslricled & funds endowment Total Total 2020 2020 2020 2019 2a Incoming resources from donors Regular giving Gift-aided Not gift-aided Open Plate collections Gift-aided donations Special collections Gift aid recoverable other donations other income 19,926 2,019 2,482 33 19,959 2,019 2,517 35,304 1,808 3,645 470 1,002 3,907 2,376 183 48,694 35 466 17 2,925 466 2,527 3,285 1,030 31,802 2.510 360 1,030 28,327 3,475 2b Other voluntary incoming resources Grants.. Follett Trust - for Messy Church Bedfordshire & Lulon Communty Foundation - for Parish Centre boiler 4,000 4.000 4,000 4,450 4,000 4,000 8,450 2c Income from Investments Bank Interesl 411 148 559 688 411 148 559 688 2d Income from Charllable and ancillary trading Parish Centre lettings Library Rental Parish News advertising Parish News sales Fees for weddings, funerals Fundraising activities 4,638 4,000 5,646 4,241 1,915 789 21,229 4,638 4,000 5,646 4,241 1,915 789 21,229 13,235 11,580 6,614 4,229 3,412 532 39,602 2e OTHER INCOMING RESOURCES Insurance claims TOTAL INCOMING RESOURCES 49,967 7,624 57,590 97,434 Page 5
KNEBWORTH PAROCHIAL CHURCH COUNCIL RESOURCES USED NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENOEO 31ST DECEMBER 2020 Note Unrestricted Reslricled Endowment funds funds funds Total 2020 Total 2019 30 Grants (see al80 Noto 41 Missionary and eharilable giving Special Collecb'ons and events 305 305 466 771 280 1.002 1,282 466 305 3b Activities roloting direclty to the work of the Church Ministry. Parish Share - Clergy Allowance Visiting Ministers Upkeep of ServIS Pastoral care social 8¢tivilie$ Youth and children Parish News printing and expenses Church buildings.. insurance maintenance churchyard servicing of organs - power & other running costs Parish Cenlre. insurance maintenance ¢leaning powef & other running costs 29,291 450 29,291 450 49,500 3,465 159 365 313 3,491 7,154 198 45 435 5,422 198 45 435 5,422 3,929 2,745 3,929 2,745 2,080 4,107 709 2,350 305 3,070 2,080 1,493 1,493 760 1,412 1,683 2,465 50,329 760 1,412 1,683 2,465 52,409 760 5,029 2,338 2,996 86,111 2,080 3c Church management and admlnistration Church Offi Subscriptions and Music Li¢en¢es Office equipment Sundry Expenses 2,845 341 2,845 341 -53 551 3.684 2,422 689 390 919 4,420 551 3,684 TOTAL RESOURCES USED 54,317 2,546 56,863 91,812 Page 6
KNEBWORTH PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020 Unrestricted Restricted funds funds Note Total 4 GRANTS From PCC funds.. Worldshare Beds & Herts Historic Churches The Bible Society 240 40 25 305 240 40 25 305 Special Co118Ctions.- Bike & Hike- Beds & Herts Historic Churches Bridgebuilders Bishop's Harvest Appeal 315 111 40 466 315 111 40 466 Further Christian Aid collections are not recorded here. St Mary's Organ 5 FIXED ASSETS Office equipt Sound system Total Cost at 1.1.2020 4,233 3,334 6,117 13,684 Cost at 31.12.2020 4,233 3,334 6,117 13,684 Depreciation at 1.1.2020 4,233 3.334 6.117 13,684 at 31.12.2020 4,233 3,334 6,117 13,684 Net Book Value at 1.1.2020 at 31.12.2020 Assets are fully depreciated Page 7
KNEBWORTH PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2020 Note 2020 2019 CASH IN HAND Barclays - main current account Barclays - Parish Centre Lets account Cash in hand 12,514 637 223 13,374 10,284 3,147 277 13,708 DEBTORS 2020 2019 Income tax recoverable - Gift Aid Follett Trust 2019 cheque not yet banked 2.292 3.760 1,000 4,760 2,292 CREDITORS 2020 2019 DBF- Fees for Weddings and Funerals St Mary's & Sl Martin's PreSeation Trusl Parish News Sales received in advance Library rental received in advance Other creditors 223 138 155 93 549 1,000 2,528 4,326 986 1,347 Page 8
II¥DEPENDENT F.XAM1,ER's REPORT TO THE TRUSTEES OF KNEBWORTH PAROCHIAL CHURCH COUNCIL CHARITY NtiLMBER 1133728 Thi5 rcport on ihe financial sLcmcnts of the PCC for thc veaT ended 31st December 2020: Mhi¢h are set out on pages I to 8: is respect of an examsDation carried out in accordance with Church Accounting Reoulations 2(Ki6 (the RegUl10nS) and Section 145 01.the CharitiC5 Act 2011. Respective responsfftbilitie5 of tbe trustees and the ex4miDer The chartty's tru5Éccs are responsible for the preparaiion of accounts. The charitTr s trustees consider that an audit is not required for this vear under Section 144 of ihe Charities Act 2011 and th an illdependent examination is Deeded. It is my resEM)nsibility io: - Examine the accounts under wtion 145 ofthe ?01 l A. - Follow the proeedure5 laid doThn in the general Directions given by ihe Chartry Commission (under section 145 {5) (b) of the YOI l Act) and - Stale whether particular matters havc come to m). anention. B*sis of Independent Ei•miuer'5 Statement M). examination was carried out in accordance the general Directions given by thc Chartt). Commission. An c¥amin10n includc5 a revieH' of the accounting records kept by the PCC and a eottLparison of the accounts prcscnted Nwith those records. Lt also includes consideration of any unusual items or dise105urcs in the account5 and sccking explanaiions from the trustees concerning any such mattets. The procedures undertak¢n do not provide all the eNidcncc thai w'ould rniuircd in an audit. and COT2sequently no opinion is gi%'en &$ lo whethLY thc accounts present a"Irue and fair," Cw and ihe reFM)rt is limiEd to those matters sei out ID the sÉatemeM lOw. Indepettdent Examiner's statement In connection with my examinatioo no matter bas ¢om¢ to my attention: {]) which givcs me rvdsonable Causc to believe thaL in any matcrial respecL the requirements io kecp accoulltino records in accordance with Seciiou 130 of the ?01 E ACL and to prepare accounts wkll.ch accord with the accounting records 8nd ¢OTnply ith the Ttquiremcnts of the ?01 l Act have not been met; or (2) io which. tn my opinioD. attrntion should drawn in OTder to enable a proper tanding of accounts io be reached. YoL/ Mr R T Meredith, Bsc (Hons}. FCIB Date". Hillcroft 7 Deards End Lanc Kncbworth Hens.