2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Peter & St Paul, Moulton

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TRUSTEES’ ANNUAL REPORT

For the period 1 January 2020 to 31 December 2020

SECTION A REFERENCE AND ADMINISTRATION DETAILS

Charity Name: The Parochial Church Council of the Ecclesiastical Parish of St Peter and St Paul, Moulton, Northants

Registered Charity Number: 1133729

Principle Address: Church Hill Moulton Northants NN3 7SW

Name of the charity trustees who manage the charity:

Trustee Name	Office	Dates Acted (where not whole year)
Andy Byfield	Vicar/Chair	01.01.2020-21.03.2021
Jonnie Deja	Grafting Associate Vicar
Nick Alexander	Local Associate Vicar	22.03.2020-31.12.2020
Nic Edwards	Curate	27.06.2020-31.12.2020
Eric Anakwa
Chris Battye	Warden (05.06.2020-31.12.2020)
Anna Byfield		16.07.2020-31.12.2020
Jane Cosby
George Farenden
Lynda Featley	Secretary
Malcolm Forsyth
Anne Jeffrey
Neal Kennedy	Warden
Steve Kenton	Treasurer
Mark Maryan
Neil Menon	Warden	01.01.2020-26.04.2020
	Deanery Synod	01.01.2020-16.11.2020
Vijay Menon		01.01.2020-27.12.2020
Mike Monk
Kathy Morrison
Steve Morrow
Simon Phillips
Philip Smith		01.01.2020-26.04.2020
David Taylor
Martyn Thompson
Rachel Wild
Andrew Wintersgill
Rob Wood		01.01.2020-16.07.2020

SECTION B STRUCTURE, GOVERNANCE AND MANAGEMENT

Type of governing document None How the charity is constituted Church of England Assembly (Powers) Act 1919 Parochial Church Council (Powers) Measure 1921 Trustee Selection Methods

Elected by members of the electoral roll at an annual meeting

SECTION C OBJECTIVES AND ACTIVITIES

Summary of the objects of the charity Administration and finances of the parish church of St Peter and St Paul, Moulton, Northants.

Summary of the main activities To monitor and make due provision for the above, undertaken for the public benefit providing church services and associated offices (e.g.: weddings, funerals, baptisms) in accordance with the governing legislation. Ensuring the provision of other services and facilities as are deemed important, desirable and necessary for the parish, namely (inter alia)

support and facilities for children of all ages
support and facilities for families
support and facilities for 3[rd] Age Ministry
youth meetings in the village and schools
women’s meetings and support
men’s meetings and support

SECTION D ACHIEVEMENTS AND PERFORMANCE

Summary of the main achievements The Parish church of St Peter and St Paul continues to flourish, being financially stable and continuing to be an integral part of the village, providing support and fellowship across all ages. The Church continued to offer regular Sunday services via YouTube during the lockdown, as well as running regular mid-week housegroups and prayer meetings through Zoom. New roles: The new Local Associate Vicar joined in March 2020, a Chaplain to the Third Age was commissioned in April 2020, together with a new Curate in June 2020.

The Grafting Minister for the planned Church Plant, Grace Church in Duston, continued to work closely within the Parish whilst making preparations for the new Church due to start in Duston during Summer 2021.

The previously vacant post of Youth Minister was filled in September 2020.

The Church has four licensed readers.

SECTION E FINANCIAL REVIEW

Reserves Policy

The charity has historically had a £30,000 reserve fund to cover emergency shortfall in salaries and expenditure, this being around two months of costs on average. During the pandemic income has fallen due to lockdown restrictions on Services and Church groups, and it has therefore been necessary to use some of the reserves. Measures are in place to restore the reserves to a level similar to their prepandemic levels.

DECLARATION

The TRUSTEES DECLARE THAT THEY HAVE APPROVED THE TRUSTEES’ REPORT ABOVE. COMPLETED ON BEHALF OF THE TRUSTEES BY

LYNDA FEATLEY

SECRETARY DATE: 17[th] May 2021

Charity Name: The Parochical Church Council of the Ecclesiastical Parish of St Peter & St Paul, Moulton	Charity Name: The Parochical Church Council of the Ecclesiastical Parish of St Peter & St Paul, Moulton	Charity Name: The Parochical Church Council of the Ecclesiastical Parish of St Peter & St Paul, Moulton	Charity No (if any)	1133729
Annualaccountsforthe period
Period start date	01/01/2020	To	Period end date	31/12/2020

Section A Statement of financial activities

Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year funds £ £ £ £ £ F01 F02 F03 F04 F05
152,533	48	-	152,581	161,713
8,468	132,357	-	140,825	82,696
254	-	-	254	3,958
39	179		217	414
-	-	-	-	-
-	-	-	-	-
161,293	132,584	-	293,877	248,781

-	-	-	-	-
166,215	132,294	-	298,509	240,572
15,543	-	-	15,543	15,886
4,916	12,196	-	17,112	17,111
186,674	144,490	-	331,163	273,569

25,380 -	11,906 -	-	37,286 -	24,788 -
-	-	-	-	-
25,380 -	11,906 -	-	37,286 -	24,788 -
-	-	-	-	-
-	-	-	-	-

-	-	-	-	-
-	-	-	-	-
25,380 -	11,906 -	-	37,286 -	24,788 -

277,851	67,618	-	345,469	-
252,471	55,712	-	308,183	24,788 -

Section B Balance sheet

Guidance Notes B01 B02 B03 B04 B05 B06 B07 B08 B09 B10 B11 B12 B13 B14 B15 B16 B17 B18 B19 B20 B21	Unrestricted funds £ F01	Restricted income funds £ F02	Endowment funds Total this year £ £ F03 F04	Endowment funds Total this year £ £ F03 F04	Total last year £ F05
	-	-	-	-	-
	234,805	13,317	-	248,122	265,233
	-	-	-	-	-
	-	-	-	-	-
	234,805	13,317	-	248,122	265,233

	-	-	-	-	-
	2,329	4	-	2,333	8,735
	-	-	-	-	-
	51,009	45,672	-	96,681	100,481
	53,338	45,676	-	99,013	109,216

	35,671	3,281	-	38,952	28,980

	17,666	42,395	-	60,062	80,236

	252,471	55,712	-	308,183	345,469

	-	-	-	-	-
	-	-	-	-	-

	252,471	55,712	-	308,183	345,469

	-			-	-
		55,712		55,712	67,618
	252,471		-	252,471	277,851
				-
	252,471	55,712	-	308,183	345,469

	Signature		Print Name		Date of approval dd/mm/yyyy
S Kenton			Steve Kenton		17/05/2021

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Section C Notes to the accounts

Note 1 Basis of preparation

This section should be completed by all charities .

1.1 Basis of accounting

These accounts have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.

The accounts have been prepared in accordance with:

the Statement of Recommended Practice: Accounting and Reporting by Charities • and with ✓ preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) effective 1 January 2019 • and with ✓ the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102)

and with the Charities Act 2011.

The charity constitutes a public benefit entity as defined by ✓ FRS 102.*

-Tick as appropriate

1.2 Going concern

If there are material uncertainties related to events or conditions that cast significant doubt on the charity's ability to continue as a going concern, please provide the following details or state "Not applicable", if appropriate:

An explanation as to those factors that support the conclusion that the charity is a going Not applicable concern; Disclosure of any uncertainties that make the going concern assumption doubtful; Not applicable Where accounts are not prepared on a going concern basis, please disclose this fact together with the basis on which the trustees prepared the accounts and the reason why the Not applicable charity is not regarded as a going concern.

1.3 Change of accounting policy

The accounts present a true and fair view and the accounting policies adopted are those outlined in note { }.

Yes No	✓	* -Tick as appropriate	* -Tick as appropriate

*Please disclose*	:
*(i) the nature of*	*the chang*	*e in accounting policy;*	Not applicable
*(ii) the reasons* *provides more r* *and*	*why apply* *eliable an*	*ing the new accounting policy* *d more relevant information;*	Not applicable
*(iii) the amount* *the current peri* *aggregate amou* *before those pre*	*of the adj* *od, each p* *nt of the a* *sented, 3*	*ustment for each line affected in* *rior period presented and the* *djustment relating to periods* *.44 FRS 102 SORP.*	Not applicable

1.4 Changes to accounting estimates

No changes to a	ccounting	estimates have occurred in the reporting period(3.46 FRS 102 SORP).	estimates have occurred in the reporting period(3.46 FRS 102 SORP).
Yes No	✓	* -Tick as appropriate

*Please disclose*	:
*(i) the nature of*	*any chan*	*ges;*	Not applicable
*(ii) the effect of* *assets and liabi*	*the chang* *lities for t*	*e on income and expense or* *he current period; and*	Not applicable
*(iii) where pract* *more future peri*	*icable, th* *ods.*	*e effect of the change in one or*	Not applicable

1.5 Material prior year errors

No material prior year error have been identified in the reporting period (3.47 FRS 102 SORP).

Yes ✓ * -Tick as appropriate No

Please disclose:

*Please disclose:*
*(i) the nature of the prior period error;*	Not applicable
*(ii) for each prior period presented in the accounts, the* *amount of the correction for each account line item* *affected; and*	Not applicable
*(iii) the amount of the correction at the beginning of the* *earliest prior period presented in the accounts.*	Not applicable

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Section C Notes to the accounts

Note 2 Accounting policies

Please complete this note when first reporting under FRS2102. Section 35 of FRS102, requires 3 reconciliations to be presented, if all are applicable.

2.1 RECONCILIATION WITH PREVIOUS GENERALLY ACCEPTED ACCOUNTING PRACTICE

----- Start of picture text -----
Please provide a description
of the nature of each change
in accounting policy
Reconcilation of funds per previous GAAP to funds determined under FRS 102
Start of End of
period period
£ £
Fund balances as previously
stated
Adjustments:
Fund balance as restated
Reconcilation of net income/(net expenditure) per previous GAAP to net income/(net expenditure) under FRS 102
End of
£
Net income/(expenditure) as previously
stated
Adjustments:
Previous period net income/(expenditure) as
restated
----- End of picture text -----

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Section C Notes to the accounts (cont)

Note 2 Accounting policies 2.2 INCOME

This standard list of accounting policies has been applied by the charity except for those ticked "No" or "N/a". Where a different or additional policy has been adopted then this is detailed in the box below.

Yes No N/a	Yes No N/a	Yes No N/a
✓
Yes No N/a
✓
Yes No N/a
✓
Yes No N/a
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Yes No N/a
✓
Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
✓
Yes No N/a

2.4 ASSETS Intangible fixed assets Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, eg allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage. Grants with performance conditions Where the charity gives a grant with conditions for its payment being a specific level of service or output to be provided, such grants are only recognised in the SoFA once the recipient of the grant has provided the specified service or output. Grants payable without performance conditions Where there are no conditions attaching to the grant that enables the donor charity to realistically avoid the commitment, a liability for the full funding obligation must be recognised. The charity has intangible fixed assets, that is, non-monetary assets that do not have physical substance but are identifiable and are controlled by the charity through custody or legal rights. The amortisation rates and methods used are disclosed in note 9.5 This includes any realised or unrealised gains or losses on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year. Income from interest, royalties and dividends This is included in the accounts when receipt is probable and the amount receivable can be measured reliably. Income from membership subscriptions Membership subscriptions received in the nature of a gift are recognised in Donations and Legacies. Membership subscriptions which gives a member the right to buy services or other benefits are recognised as income earned from the provision of goods and services as income from charitable activities. 2.3 EXPENDITURE AND LIABILITIES Liability recognition Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out resources and the amount of the obligation can be measured with reasonable certainty. Investment gains and losses The charity accounts for basic financial instruments on initial recognition as per paragraph 11.7 FRS102 SORP. Subsequent measurement is as per paragraphs 11.17 to 11.19, FRS102 SORP. Tangible fixed assets for use by charity The depreciation rates and methods used are disclosed in note 9.2. Governance and support costs Support costs have been allocated between governance costs and other support. Governance costs comprise all costs involving public accountability of the charity and its compliance with regulation and good practice. Settlement of insurance claims Insurance claims are only included in the SoFA when the general income recognition criteria are met (5.10 to 5.12 FRS102 SORP) and are included as an item of other income in the SoFA. They are valued at cost. Support costs The charity has incurred expenditure on support costs. Volunteer help These are capitalised if they can be used for more than one year, and cost at least The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. Redundancy cost The charity made no redundancy payments during the reporting period. Deferred income No material item of deferred income has been included in the accounts. Creditors The charity has creditors which are measured at settlement amounts less any trade discounts Provisions for liabilities A liability is measured on recognition at its historical cost and then subsequently measured at the best estimate of the amount required to settle the obligation at the reporting date Basic financial instruments	✓
	Yes No N/a
			✓
	Yes No N/a
	✓
	Yes No N/a
	✓
	Yes No N/a
			✓
	Yes No N/a
	✓
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	Yes No N/a
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	Yes No N/a
			✓

They are valued at cost.

The charity has heritage assets, that is, non-monetary assets with historic, artistic, scientific, technological, geophysical or environmental qualities that are held and maintained principally for their contribution to knowledge and culture. The depreciation rates and methods used as disclosed in note 9.6.1.4.

Heritage assets

They are valued at cost. Investments Fixed asset investments in quoted shares, traded bonds and similar investments are valued at initially at cost and subsequently at fair value (their market value) at the year end. The same treatment is applied to unlisted investments unless fair value cannot be measured reliably in which case it is measured at cost less impairment. Investments held for resale or pending their sale and cash and cash equivalents with a maturity date of less than 1 year are treated as current asset investments Stocks and work in Stocks held for sale as part of non-charitable trade are measured at the lower or cost or net progress realisable value. Goods or services provided as part of a charitable activity are measured at net realisable value based on the service potential provided by items of stock. Work in progress is valued at cost less any foreseeable loss that is likely to occur on the contract. Debtors (including trade debtors and loans receivable) are measured on initial recognition at Debtors settlement amount after any trade discounts or amount advanced by the charity. Subsequently, they are measured at the cash or other consideration expected to be received. The charity has has investments which it holds for resale or pending their sale and cash and Current asset cash equivalents with a maturity date less than one year. These include cash on deposit and investments cash equivalents with a maturity date of less than one year held for investment purposes rather than to meet short term cash commitments as they fall due.

They are valued at fair value except where they qualify as basic financial instruments.

Yes No N/a	Yes No N/a	Yes No N/a
		✓
Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
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Yes No N/a
✓
Yes No N/a
✓

POLICIES ADOPTED ADDITIONAL TO OR DIFFERENT FROM -�Significant judgements and estimates THOSE ABOVE

The preparation of financial statements requires the use of certain critical accounting estimates. It also requires management to exercise its judgement in the process of applying the charity accounting policies. The areas involving a higher degree of judgement or complexity, or areas where assumptions and estimates are significant to the financial statements are disclosed within the individual accounting policies.

-�Fund accounting

Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees. Designated funds are amounts which have been set aside at the discretion of the trustees for specific but not legally binding purposes.

Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.

-�Pension costs and other post-retirement benefits

The charity operates a defined contribution pension scheme. Contributions payable to the charity pension scheme are charged to the Statement of Financial Activities in the period to which they relate.

Section C Notes to the accounts (cont)

Note 3 Analysis of income

Note 3 Analysis of income	Analysis of income	Analysis of income	Analysis of income	Analysis of income	Analysis of income	Analysis of income
Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Donations and gifts 126,053- -126,053 132,861 Gift Aid 26,480 48-26,528 28,852 Legacies - - - - - General grants provided by government/other charities - - - - - Membership subscriptions and sponsorships which are in substance donations - - - - Donatedgoods,facilities and services - - - - - Other - - - - - Total 152,533 48 - 152,581 161,713 MAST -78,742 -78,742 46,251 PGST -53,615 -53,615 13,313 - - - - - Other 8,468- -8,468 23,132 Total 8,468 132,357 -140,825 82,696 Fundraising 74- -74 2,610 Hire of Church Centre 180- -180 1,348 - - - - - Other - - - - - Total 254 - -254 3,958 Interest income 39 179-217 414 Dividend income - - - - - Rental and leasing income - - - - - Other - - - - - Total 39 179 -217 414 - - - - - - - - - - - - - - - - - - - - Total - - - - - Conversion of endowment funds into income - - - - - Gain on disposal of a tangible fixed asset held forcharity's ownuse - - - - - Gain on disposal of a programme related investment - - - - - Royalties from the exploitation of intellectual propertyrights - - - - - Other - - - - - Total - - - - - 161,293 132,584 -293,877 248,781 Other information: TOTAL INCOME Other: Other trading activities: Income from investments: Separate material item of income: Analysis Donations and legacies: Charitable activities:	Unrestricted funds Restricted income funds Endowment funds Total funds Prior year £ £ Analysis
	Donations and gifts	126,053	-	-	126,053	132,861
	Gift Aid	26,480	48	-	26,528	28,852
	Legacies	-	-	-	-	-
	General grants provided by government/other charities	-	-	-	-	-
	Membership subscriptions and sponsorships which are in substance donations	-	-	-	-
	Donatedgoods,facilities and services	-	-	-	-	-
	Other	-	-	-	-	-
	Total	152,533	48	-	152,581	161,713

	MAST	-	78,742	-	78,742	46,251
	PGST	-	53,615	-	53,615	13,313
		-	-	-	-	-
	Other	8,468	-	-	8,468	23,132
	Total	8,468	132,357	-	140,825	82,696

	Fundraising	74	-	-	74	2,610
	Hire of Church Centre	180	-	-	180	1,348
		-	-	-	-	-
	Other	-	-	-	-	-
	Total	254	-	-	254	3,958

	Interest income	39	179	-	217	414
	Dividend income	-	-	-	-	-
	Rental and leasing income	-	-	-	-	-
	Other	-	-	-	-	-
	Total	39	179	-	217	414

		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
		-	-	-	-	-
	Total	-	-	-	-	-

	Conversion of endowment funds into income	-	-	-	-	-
	Gain on disposal of a tangible fixed asset held forcharity's ownuse	-	-	-	-	-
	Gain on disposal of a programme related investment	-	-	-	-	-
	Royalties from the exploitation of intellectual propertyrights	-	-	-	-	-
	Other	-	-	-	-	-
	Total	-	-	-	-	-

		161,293	132,584	-	293,877	248,781

Income from MAST and PGST for additional staff salaries and costs (Charitable activities), which was £59,564 in total in 2019 All income in the prior year was unrestricted except for: (MAST: £46,251 and PGST £13,313) and £414 of interest (please provide description and amounts) earned on restricted funds held in savings accounts (investment income).

Where any endowment fund is converted into income in the reporting period, please give the reason for the conversion.

Where any endowment fund is converted into income in the prior period, please give the reason for the conversion.

CC17a (Excel)

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Within the income items above the following items are material: (please disclose the nature, amount and any prior year amounts)

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CC17a (EX1} 0710612021

Section C Notes to the accounts (cont)

Note 6 Analysis of expenditure

Analysis Expenditure on raising funds:	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year	Unrestricted funds Restricted income funds Endowment funds Total funds Unrestricted funds Restricted income funds Endowment funds Total funds £ £ This year Last year
Incurred seeking donations	-	-	-	-	-	-	-	-
Incurred seeking legacies	-	-	-	-	-	-	-	-
Incurred seeking grants	-	-	-	-				-
Operating membership schemes and social lotteries	-	-	-	-				-
Staging fundraising events	-	-	-	-				-
Fudraising agents	-	-	-	-				-
Operating charity shops	-	-	-	-				-
Operating a trading company undertaking non-charitable trading activity	-	-	-	-				-
Advertising, marketing, direct mail and publicity	-	-	-	-	-	-	-	-
Start up costs incurred in generating new source of future income	-	-	-	-	-	-	-	-
Database development costs	-	-	-	-	-	-	-	-
Other trading activities	-	-	-	-				-
Investment management costs:	-	-	-	-				-
Portfolio management costs	-	-	-	-	-	-	-	-
Cost of obtaining investment advice	-	-	-	-	-	-	-	-
Investment administration costs	-	-	-	-	-	-	-	-
Intellectual property licencing costs	-	-	-	-	-	-	-	-
Rent collection, property repairs and maintenance charges	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total expenditure on raising funds	-	-	-	-	-	-	-	-
Expenditure on charitable activities:
Parish Share	99,460	94,691	-	194,151	98,002	13,312	-	111,314
Salaries	22,904	32,982	-	55,886	19,708	42,353	-	62,060
Church Running Expenses	43,851	4,621	-	48,472	63,298	3,899	-	67,197
	-	-	-	-	-	-	-	-
Total expenditure on charitable activities	166,215	132,294	-	298,509	181,008	59,563	-	240,572
Separate material item of expense
Mission Giving	15,543	-	-	15,543	15,975	-89	-	15,886
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total	15,543	-	-	15,543	15,975	- 89	-	15,886
Other
Depreciation	4,916	12,196	-	17,112	4,915	12,196	-	17,111
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
	-	-	-	-	-	-	-	-
Total other expenditure TOTAL EXPENDITURE	4,916	12,196	-	17,112	4,915	12,196	-	17,111
	186,674	144,490	-	331,163	201,899	71,670	-	273,569

Other information:

CC17a (Excel)

07/06/2021

Analysis of expenditure on charitable activities

Analysis of expenditure on charitable	activities	activities	activities	activities
	Thisyear				Lastyear
Activity or programme	Activities undertaken directly	Grant funding of activities	Support Costs	Total this year	Activities undertaken directly	Grant funding of activities	Support Costs	Total last year
	£	£	£	£	£	£	£	£
Ministry (ParishShare, Salaries)	233,305	-	17,655	250,960	161,268	-	12,742	174,010
Mission(ChurchGroups andActivities)	48,859	-	9,285	58,143	63,791	-	9,471	73,262
Other(Establishment, Governance)	20,508	-	1,552	22,060	24,371	-	1,926	26,297
Total	302,671	-	28,492	331,163	249,431	-	24,139	273,569

CC17a (Excel)

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Section C Notes to the accounts

Note 9 Support Costs

Please complete this note if the charity has analysed its expenses using activity categories and has support costs.

This year

Support cost (examples)	Raising funds	Ministry	Mission	Establishment	Grand total	Basis of allocation
	£	£	£	£	£	(Describe method)
Governance	-	-	1,050	-	1,050
Administration	-	-	2,687	-	2,687
Church Office running costs	-	-	1,851	-	1,851
Church Administrator Salary and Pension	-	17,655	3,697	1,552	22,904	Based on duties and time allocation
Other	-	-	-	-	-
Total	-	17,655	9,285	1,552	28,492

Last year

Last year
Support cost (examples)	Raising	Ministry	Mission	Activity 3	Grand total	Basis of allocation
	£	£	£	£	£	(Describe method)
Governance	-	-	-	-	-
Administration	-	-	2,830	-	2,830
Church Office running costs	-	-	1,601	-	1,601
Church Administrator Salary and Pension	-	12,742	5,040	1,926	19,708	Based on duties and time allocation
Other	-	-	-	-	-
Total	-	12,742	9,471	1,926	24,139

Please provide details of the accounting policy adopted for the apportionment of costs between activities and any estimation techniques used to calculate their apportionment.

The Church administrator costs have been apportioned between Church activities based on duties/time spent, estimated as a proportion of the total expenditure in each area of Ministry, Mission and Establishment.

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Section C Notes to the accounts

Note 10 Details of certain items of expenditure

10.1 Fees for examination of the accounts

Please provide details of the amount paid for any statutory external scrutiny of accounts and other services provided by your independent examiner. If nothing was paid please enter '0' in the appropriate box(es).

Other fees (for example: financial advice, consultancy, accountancy services) paid to the independent examiner Independent examiner’s fees Assurance services other than audit or independent examination Tax advisory fees	This year £	Last year £
	1,050	-
	-	-
	-	-
	-	-

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Section C Notes to the accounts (cont)

Note 11 Paid employees - NB this does not include clergy who are employed directly by the Church of England, and for whom we pay a Parish Share Please complete this note if the charity has any employees.

11.1 Staff Costs

11.1 Staff Costs
		This year	Last year
		£	£
Salaries and wages		21,246	18,276
Social security costs		-	-
Pension costs (defined contribution scheme)		1,658	1,432
Other employee benefits		-	-
	Total staff costs	22,904	19,708
This year:

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party Last year:

Please provide details of expenditure on staff working for the charity whose contracts are with and are paid by a related party

There were staff costs of 3 other employees who costs are reimbursed and paid for by the separate MAST charity. MAST Salary costs: £30,613 and Pension Contributions: £2,369

There were staff costs of 3 other employees who costs are reimbursed and paid for by the separate MAST charity. MAST Salary costs: £39,075 and Pension Contributions: £3,278

Please give details of the number of employees whose total employee benefits (excluding employer pension costs) fell within each band of £10,000 from £60,000 upwards. If there are no such transactions, please enter 'true' in the box provided.

No employees received employee benefits (excluding employer pension costs) for the reporting period of more than £60,000

nil

Band	Number of employees	Number of employees
	This year -	Last year -
£60,000 to £69,999
£70,000 to £79,999	-	-
£80,000 to £89,999	-	-
£90,000 to £99,999	-	-
£100,000 to £109,999	-	-

Please provide the total amount paid to key management personnel (includes trustees and senior management) for their services to the charity. For specific amounts paid to trustees, see Note 28.
	Thisyear	Lastyear
	£	£
	-	-

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11.2 Average head count in the year

The parts of the charity in which the employees work

	This year Number	Last year Number
Fundraising	-	-
Charitable Activities	1	1
Governance	-	-
Other	-	-
Total	1	1

11.3 Ex-gratia payments to employees and others (excluding trustees) Please complete if an ex-gratia payment is made.

Please explain the nature of the payment

This year Last year

Please state the legal authority or reason for making the payment

This year Last year

Please state the amount of the payment (or value of any waiver of a right to an asset)	Thisyear	Lastyear
	£ -	£ -

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11.4 Redundancy payments

Please complete if any redundancy or termination payment is made in the period.

The nature of the payment (cash, asset etc.) Total amount of payment Please state the accounting policy for any redundancy or termination payments The extent of redundancy funding at the balance sheet date	Thisyear	Lastyear
	£ -	£ -



	Thisyear	Lastyear
	£ -	£ -

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Section C Notes to the accounts (cont)

Note 12 Defined contribution pension scheme or defined benefit scheme accounted for as a defined contribution scheme.

12.1 Please complete this note if a defined contribution pension scheme is operated.

Please explain the basis for allocating the liability and expense of defined contribution pension scheme between activities and between restricted and unrestricted funds. Amount of contributions recognised in the SOFA as an expense (includes MAST staff)**	Thisyear	Lastyear
	£	£
	4,027	4,710

	The Church administrator pension costs have been apportioned between Church activities based on duties/time spent, estimated as a proportion of the total expenditure, and are unrestricted funds. MAST employee pension costs are restricted and have been allocated to Ministry costs.	The Church administrator pension costs have been apportioned between Church activities based on duties/time spent, estimated as a proportion of the total expenditure, and are unrestricted funds. MAST employee pension costs are restricted and have been allocated to Ministry costs.

12.2 Please complete this section where the charity participates in a defined benefit pension plan but is unable to ascertain its share of the underlying assets and liabilities.

Please confirm that although the scheme is accounted for as a defined Not applicable contribution plan, it is a defined benefit plan. Please provide such information as is available about the plan's surplus or deficit and the implications, if any, for Not applicable the reporting charity for this year and last year, if different

12.3 Please complete this section where the charity participates in a multi-employer defined benefit pension plan that is accounted for as a defined contribution plan.

Describe the extent to which the charity can be liable to the plan for other entities' obligations under the terms For details please refer to the "Church Workers Pension Fund" page in the APCM and conditions of the multi-employer 2020 Financial Report. plan. If this is different for last year, provide details

Provide an explanation of how any liability arising from an agreement with a multi-employer plan to fund a deficit Not applicable has been determined. If this is different for last year, provide details

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Section C Notes to the accounts (cont)

Note 14 Tangible fixed assets

Please complete this note if the charity has any tangible fixed assets

14.1 Cost or valuation

Freehold land & buildings £	Other land & buildings £	Plant, machinery and motor vehicles £	Fixtures, fittings and equipment £	Total £
225,000	-	-	85,558	310,558
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
225,000	-	-	85,558	310,558

Market Value	SL or RB	SL or RB	SL	SL or RB
Not applicable as the market value is at least equal to the value in the accounts.			5 years

-	-	-	45,325	45,325
-	-	-	-	-
-	-	-	17,112	17,112
-	-	-	-	-
-	-	-	-	-
-	-	-	62,437	62,437

225,000	-	-	40,233	265,233
225,000	-	-	23,122	248,122

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14.4 Impairment

This year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

Last year: Please provide a description of the events and circumstances that led to the recognition or reversal of an impairment loss.

14.5 Revaluation

*the name of independent valuer, if applicable* *the carrying amount that would have been recognised had the assets* *been carried under the cost model.* *the methods applied and significant assumptions* *the effective date of the revaluation* *If an accounting policy of revaluation is adopted, please provide:*	This year Last year	This year Last year
	30/01/2021	25/01/2020
	Not applicable	Not applicable
	The market value of the property, obtained from advice given by local estate agents Jackson Grundy. Please note a full professional valuation has not been obtained in respect of the current accounting period.	The market value of the property, obtained from advice given by local estate agents Jackson Grundy. Please note a full professional valuation has not been obtained in respect of the current accounting period.
	£135,500 (purchase price in July 2003)	£135,500 (purchase price in July 2003)

14.6 Other disclosures

*(iii) Details of the existence and carrying amounts of property, plant and* *equipment to which the charity has restricted title or that are pledged as* *security for liabilities.* *(i) Please state the amount of borrowing costs, if any, capitalised in the construction* *of tangible fixed assets and the capitalisation rate used.* *(ii) Please provide the amount of contractual commitments for the acquisition of* *tangible fixed assets.*	Thisyear	Lastyear
	£	£
	-	-
	-	-

* The "transfers" row is for movements between fixed asset categories.

** Please indicate the method of depreciation by deleting the method not applicable (SL = straight line; RB = reducing balance). Also please indicate the rate of depreciation: for straight line, what is the anticipated life of the asset (in years); for reducing balance, what is the percentage annual deduction.

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Section C Notes to the accounts (cont)

Note 19 Debtors and prepayments

Please complete this note if the charity has any debtors or prepayments.

*Please complete this note if the charity has any* *debtors or prepayments.* Note 19 Debtors and prepayments
19.1 Analysis of debtors Trade debtors Prepayments and accrued income Other debtors	This year £	Last year £
	-	-
	-	-
	2,332.9	8,734.9
	2,332.9	8,734.9

Total

Please complete 19.2 where a material debtor is recoverable more than a year after the reporting date.

19.2 Analysis of debtors recoverable in more than 1 year (included in debtors above)

Prepayments and accrued income Other debtors Total Trade debtors	This year £	Last year £
	-	-
	-	-
	-	-
	-	-
	-	-

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Section C Notes to the accounts (cont)

Note 20 Creditors and accruals

Please complete this note if the charity has any creditors or accruals.

20.1 Analysis of creditors

Accruals for grants payable Bank loans and overdrafts Trade creditors Payments received on account for contracts or performance-related grants Accruals and deferred income Taxation and social security Other creditors

Amounts falling due within oneyear	Amounts falling due within oneyear	Amounts falling due after more than oneyear	Amounts falling due after more than oneyear
This year £	Last year £	This year £	Last year £
-	-	-	-
-	-	-	-
-	-	-	-
-	-	-	-
38,952	28,980	-	-
-	-	-	-
-	-	-	-
38,952	28,980	-	-

20.2 Deferred income

Please complete this note if the charity has deferred income.

*Please explain the reasons why income is deferred.* *Movement in deferred income account* Balance at the start of the reporting period Amounts added in current period Amounts released to income from previous periods Balance at the end of the reporting period	Thisyear	Lastyear	Lastyear


		This year £	Last year £
		-	-
		-	-
		-	-
		-	-

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Section C Notes to the accounts (cont)

Note 24 Cash at bank and in hand

Note 24 Cash at bank and in hand
Other Cash at bank and on hand Total Short term cash investments (less than 3 months maturity date) Short term deposits	This year £	Last year £
	-	-
	-	-
	96,681	100,481
	-	-
	96,681	100,481

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Section C Notes to the accounts (cont)

Note 27 Charity funds

27.1 Details of material funds held and movements during the CURRENT reporting period

Please give details of the movements of material individual funds in the reporting period together with a balancing figure for 'Other funds'. The 'Total funds' figure below should reconcile to 'Total funds' in the balance sheet.

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

*funds*
Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
Moulton Parish Church funds	UR	General Church income and running costs	277,851	161,293	- 186,674	-	-	252,471.23
Moulton Parish Church funds	R	Legacy Funds restricted to restoration of the Church and investment in Church assets	67,618	179	- 12,196	-	-	55,601
MASTCharityfunds	R	MoultonStaffCosts	-	78,742	- 78,742	-	-	-
PGSTCharityfunds	R	Church PlantVicarCosts	-	53,663	-53,551	-	-	111






Total Funds			345,469	293,877	- 331,163	-	-	308,183

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Section C Notes to the accounts (cont)

Note 27 Charity funds (cont)

27.2 Details of material funds held and movements during the PREVIOUS reporting period

* Key: PE - permanent endowment funds; EE - expendible endowment funds; R - restricted income funds, including special trusts, of the charity; and U - unrestricted funds

*funds*
Fund names	Type PE, EE R or UR *	Purpose and Restrictions	Fund balances brought forward £	Income £	Expenditure £	Transfers £	Gains and losses £	Fund balances carried forward £
Moulton Parish Church funds	UR	General Church income and running costs	290,866	188,884	-201,899	-	-	277,851.43
Moulton Parish Church funds	R	Legacy Funds restricted to restoration of the Church and investment in Church assets	79,391	333	-12,106	-	-	67,618.00
MAST Charity funds	R	Moulton Staff Costs	-	46,251	-46,251	-	-	-0.00
PGST Charity funds	R	Church Plant Vicar Costs	-	13,313	-13,313	-	-	-










Total Funds			370,257	248,781	- 273,569	-	-	345,469

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Section C Notes to the accounts (cont)

Note 27 Charity funds (cont)

27.3 Transfers between funds

This year

	Reason for transfer and where endowment is converted to income, legalpower for its conversion	Amount
Between unrestricted and restricted funds	Not Applicable
Between endowment and restricted funds	Not Applicable
Between endowment and unrestricted funds	Not Applicable

Last year

Lastyear
	Reason for transfer and where endowment is converted to income, legal power for its conversion	Amount
Between unrestricted and restricted funds	Not Applicable
Between endowment and restricted funds	Not Applicable
Between endowment and unrestricted funds	Not Applicable

27.4 Designated funds

This year

Planned use Purpose of the designation Amount

Last year

Planned use Purpose of the designation Amount

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CC17a IEx¢èll 27 0710612021

Section C Notes to the accounts (cont)

Note 28 Transactions with trustees and related parties

If the charity has any transactions with related parties (other than the trustee expenses explained in guidance notes) details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box or "False" if there are transactions to report.

28.1 Trustee remuneration and benefits

This year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

TRUE

In the period the charity has paid trustees remuneration and benefits. Please give the amount of, and legal authority for, any remuneration or other benefits paid to a trustee by the charity or any institution or company connected with it.

Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value
Remuneration	Pension contribution	Redundancy (including loss of office)/ex gratia	Other	TOTAL
£	£	£	£	£
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

Please give details of why remuneration or other employment benefits were paid.

Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

Last year

None of the trustees have been paid any remuneration or received any other benefits from an employment with their charity or a related entity (True or False)

TRUE

Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value	Amounts paid or benefit value
Remuneration	Pension contribution	Redundancy (including loss of office)/ex gratia	Other	TOTAL
£	£		£	£
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-
-	-	-	-	-

Please give details of why remuneration or other employment benefits were paid.

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Where an ex gratia payment has been made to a trustee, provide an explanation of the nature of the payment.

28.2 Trustees' expenses

If the charity has paid trustees expenses for fulfilling their duties, details of such transactions should be provided in this note. If there are no transactions to report, please enter “True” in the box below. If there are transactions to report, please enter "False".

No trustee expenses have been incurred (True or False)		*FALSE*

Type of expenses reimbursed	This year	Last year
	£	£
Travel	-	-
Subsistence	5,595	3,923
Accommodation	-	-
Other (please specify):	-	-
	-	-
TOTAL	5,595	3,923
Please provide the number of trustees reimbursed for expenses or who had expenses paid by the charity
	5	5

28.3 Transaction(s) with related parties

Please give details of any transaction undertaken by (or on behalf of) the charity in which a related party has a material interest, including where funds have been held as agent for related parties. If there are no such transactions, please enter 'true' in the box provided.

This year

There have been no related party transactions in the reporting period (True or False)

Name of the trustee or related party	Relationship to charity	Description of the transaction(s)	Amount	Balance at period end	Provision for bad debts at period end	Amounts written off during reporting period
			£	£	£	£
PCC Members	Trustees	Aggregate Donations received without conditions	31,063



*For any related party, please provide details of any* *guarantees given or received.* *In relation to the transactions above, please provide the* *terms and conditions, including any security and the nature* *of any payment (consideration) to be provided in* *settlement.*
			Not applicable

			Not applicable

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Last year

There have been no related party transactions in the reporting period (True or False)

Name of the trustee or related party	Relationship to charity	Description of the transaction(s)	Amount	Balance at period end	Provision for bad debts at period end	Amounts written off during reporting period
			£	£	£	£
PCC Members	Trustees	Aggregate Donations received without conditions	30,880



*For any related party, please provide details of any* *guarantees given or received.* *In relation to the transactions above, please provide the* *terms and conditions, including any security and the nature* *of any payment (consideration) to be provided in* *settlement.*
			Not applicable

			Not applicable

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St Peter and St Paul, Moulton for the year ended 31 December 2020

Financial Statements of the Parochial Church Council

Charity law now requires that the church provides all the detail about its financial affairs that have appeared on display outside the church for the past fortnight. Regular income of the church continued to exceed £250,000 during 2020, therefore the accounts are prepared on an accruals basis. Further copies of the reports that have been on display are available for those who require them and are on display this evening. The aim of this handout is to provide a simplification of the current financial position in a format that is more familiar to people. There are also a few questions and answers to some frequently asked questions.

Financial Highlights

Q1 - Could you briefly explain the 2020 financial results?

A - The total income for the church in 2020 was £293,877 (including MAST and PGST income), with total expenditure of £331,163 (including MAST and PGST expenditure).

Q2 – Why did Expenditure exceed Income by £37,286 during 2020?

A - The total deficit of £37,286 consisting of non-cash depreciation charge of £17,112, and cash deficit of £20,175 on underlying Church activities. The cash deficit of £20,175 was mainly as a result of lower regular income due to the impact of Covid on Services and Church activities.

DEPRECIATION: T4C Assets, the Church Organ, Sound system, computer and Church Hall Stairlift are being depreciated by 20% per year for 5 years, which has resulted in the charge of £17,112 in 2020.

INCOME: Overall income (excluding MAST and PGST income) was down by £27,698 in 2020 vs 2019, due to lower income from service collections, weddings, and Church clubs, as a result of the Church suspending live Services and Church activities during the Covid lockdown.

EXPENDITURE: £15,199 lower in 2020 than 2019 (excluding MAST and PGST expenditure). The cost of running Church groups and activities and lower maintenance costs helped to reduce costs during 2020. Although more costs, such as Parish Share, tend to be fixed in the short term and do not fluctuate with Church activity, which explains the lower decrease in costs, relative to the reduction in income.

Q3 - Does MAST/PGST make a big difference to the financial picture?

A - Yes and No. MAST and PGST provides significant funding to enable the church to employ additional workers and pays many of the costs associated with that. However, it only pays the costs incurred so the net impact on the financial position of the church itself is minimal.

Q4 - What are the main areas of expenditure?

A – The main ongoing cost for the church remains the Parish Share that we pay to the Diocese. At £99,460 (excluding Church Plant and Associate Vicar costs) this accounts for 50% of the church's unrestricted expenditure. After that are salaries for church staff and the general running of the church/church centre.

Q5 - Has our Parish Share continued to rise?

A – During 2020 Parish share costs increased by 1.5% for inflation, we also saw additional Parish share costs relating to the Church Plant and Associate Vicars. Curate costs were covered by the Diocese. Parish share costs of the Church Plant Vicar, responsible for setting up a new Church in Duston, are funded through PGST, and the Local Associate Vicar is funded through MAST.

Q6 - How much does the church give to other groups, outside of the immediate life of the church?

A - Around 10% of regular giving went to other groups, in line with the policy of the PCC, and this again included 10% of the money recovered from HMRC on Gift Aided donations.

Q7 - How much money does the church have available in the bank?

A - The church has c.£96,411 in different bank accounts, which sounds extremely healthy. However, a significant amount of this money is restricted in how it can be used, for example for Restoration works to the church building.

Q8 - How are things looking for 2021 and further ahead?

A –There is a need to increase regular giving and income for the PCC, to provide ongoing support to the Church Plant in Duston, to rebalance income and expenditure in 2021 and beyond, along with eventually being able to replenish the reserve funds that were used to fund the cash deficit of £20,715 during 2020.

Church Workers Pension Fund (CWPF) FRS102 - December 2020 Year End

St Peter & St Paul, Moulton participates in the Pension Builder Scheme section of CWPF for lay staff. The Scheme is administered by the Church of England Pensions Board, which holds the assets of the schemes separately from those of the Employer and the other participating employers.

The Church Workers Pension Fund has a section known as the Defined Benefits Scheme, a deferred annuity section known as Pension Builder Classic and a cash balance section known as Pension Builder 2014.

Pension Builder Scheme

The Pension Builder Scheme of the Church Workers Pension Fund is made up of two sections, Pension Builder Classic and Pension Builder 2014, both of which are classed as defined benefit schemes.

Pension Builder Classic provides a pension for members for payment from retirement, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Bonuses may also be declared, depending upon the investment returns and other factors.

Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. This account may have bonuses added by the Board before retirement. The bonuses depend on investment experience and other factors. There is no requirement for the Board to grant any bonuses. The account, plus any bonuses declared, is payable from members’ Normal Pension Age.

There is no sub-division of assets between employers in each section of the Pension Builder Scheme.

The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are the contributions payable (2020: £4,027, 2019: £4,710).

A valuation of the Pension Builder Scheme is carried out once every three years. The most recent was carried out as at 31 December 2019.

For the Pension Builder Classic section, the valuation revealed a deficit of £4.7m on the ongoing assumptions used. At the most recent annual review, the Board chose not to grant a discretionary bonus, which will have acted to improve the funding position. There is no requirement for deficit payments at the current time.

For the Pension Builder 2014 section, the valuation revealed a surplus of £2.3m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.

The legal structure of the scheme is such that if another employer fails, St Peter & St Paul, Moulton could become responsible for paying a share of that employer’s pension liabilities.

Independent Examiner's Report to the Trustees of Parochial Church Council, St Peter and St Paul, Moulton

I report to the charity Trustees on my examination of the accounts of the charity for the year ended 31 December 2020.

Responsibilities and basis of report

As the charity’s trustees 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 of the charity’s accounts carried out under section 145 of the 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 charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 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 charity as required by section 130 of the Act; or
the accounts do not accord with those records; or
the accounts do not comply with the applicable 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.

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 accounts to be reached.

Use of our report

This report is made solely to the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our independent examination work has been undertaken so that we might state to the charity’s trustees those matters we are required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body, for our independent examination work, for this report, or for the opinions we have formed.

Nicola Fox (FCA)

DNG Dove Naish LLP Eagle House 28 Billing Road Northampton NN1 5AJ

Date: 18 May 2021