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2020-12-31-accounts

Registered Charity No. 1134574

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST THOMAS AND ST JOHN, BOLTON

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED

31 DECEMBER 2020

BARLOW ANDREWS LLP CHARTERED ACCOUNTANTS BOLTON

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST THOMAS AND ST JOHN, BOLTON

FOR THE YEAR ENDED 31 DECEMBER 2020

INDEX

PAGE
Trustees’ Annual Report 1 - 3
Independent Examiner’s Report 4
Statement of Financial Activities 5
Balance Sheet 6
Notes to the Financial Statements 7 - 12

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST THOMAS AND ST JOHN, BOLTON

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The Parochial Church Council (PCC) presents their report and accounts for the year ended 31 December 2020.

Reference and administrative information

The charity is named: Parochial Church Council of the Ecclesiastical Parish of St Thomas and St John, Bolton. Its registered charity number is 1134574.

It is located at: Tempest Road Lostock Bolton BL3 3QR

The PCC members are the trustees of the charity. Members who have served from 1[st] January 2020 until the date this report was approved are:

Rev Terry Clark Vicar and Chair of PCC Rev Ben Wilkinson Curate Mrs Judith Weston Secretary (until December 2020) Mrs Justine Hatter Treasurer & contact for Charity Commissioners Mr Mark Kavanagh Church Warden Mrs Sandra MacPherson Church Warden Mr Kevan Porter (Vice Chair of PCC) Mrs Samantha Abram Mrs Jacqueline Dando Mrs Lyn Lawson Mrs Siobhan Corr Mrs Lorraine Ellis Mrs Celia Nisbett Mr Chris Bramah Ms Sandra Howarth Ms Val Butterworth

Structure, governance and management

The PCC is a body corporate established by the Church of England, which operates under the Parochial Church Council Powers Measure 1956.

The method of appointment of PCC members is set out in the Church Representation Rules 2006. The PCC members are responsible for making decisions on all matters of general concern and importance to the Parish including deciding on how the funds of the PCC are to be spent.

The incumbent of the parish is the chairman of the PCC. Under rule 15 of the Church Representation Rules the incumbent can invite the lay vice-chairman to act as chairman for the meetings and have all the powers vested in the chairman.

Page 1

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH

OF ST THOMAS AND ST JOHN, BOLTON

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

Objectives and activities

Public benefit

The PCC in co-operation with the Priest-in-Charge facilitates the promoting in the Parish of the whole mission of the Church, evangelistic and pastoral.

Mission statement

St Thomas and St John want to make Jesus known and loved as Lord and Saviour through the life of His church by:

Achievements and Performance

Worship and prayer

The PCC are keen to offer a range of worship styles each month, including traditional, all-age and services involving the uniformed young people’s organisations. During the COVID-19 related lockdowns of 2020, many of our usual activities, including Sunday worship services, were held via the internet. From July – December 2020, during periods when public worship was permitted by Government, the church was open for public worship on Sundays, complying with strict Covid-Secure regulations.

All are welcome to attend our regular services. At present there are 86 parishioners on the Church Electoral Roll.

We provide Occasional Offices of Baptisms, Confirmations, Marriages and Funerals.

Five midweek weekly groups, run jointly with Deane Parish Church, are running for Bible study, fellowship and prayer.

Deanery synod

Three members of the PCC sit on the Deanery Synod. This provides the PCC with an important link between the parish and the wider structures of the church.

The Church Centre

The Church Centre is at the heart of the parish’s strategy to engage with the community. It continues to be heavily used, especially in the mornings, although it in 2020 it has been closed during COVID-19 related lockdowns, except for pre-school nursery provision. Many people use the centre every week in term time. During the year the centre provided lettings for regular clients in addition to other users for private hire and had a total income of £27,918.

Page 2

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST THOMAS AND ST JOHN, BOLTON

TRUSTEES’ ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2020

The Church Centre is also used by the Church on Sundays for work with children and for social and fundraising activities throughout the year.

Pastoral care

Visits and pastoral care of the sick, bereaved and elderly are undertaken by the vicar and members of the congregation. Home communion, if requested, can be arranged.

Mission and Evangelism

Since September 2016, when we started sharing a minister with Deane Church, Lostock and Deane churches have increasingly worked together in mission and wider ministry. This includes a joint preaching programme and weekly bible study notes, joint monthly prayer meeting, joint weekly Sunday evening youth group and joint Sunday services three times a year. We are also increasingly working together with St Andrew’s, Over Hulton and St Bede’s Morris Green within the wider Mission Partnership.

We have a good relationship with the local (non-church) primary school and have welcome the school into our church for a special assembly at Christmas and Easter.

Helping those in need is a demonstration of our faith.

During 2020 we held several community food collections which were donated to Urban Outreach, a local charity working with people living in deprivation in Bolton.

Children and youth

Children and youth make up around a third of the congregation. Groups for various ages on Sunday mornings continue to flourish, overseen by a team of dedicated volunteer leaders. The Sunday evening Deane Church - Lostock Church youth group for 11 to 18s has also continued throughout 2020.

Financial review

Total income for the year was £79,353. Detail is given on pages 5 and 9 of the Financial Statements. Total expenditure for the year was £86,271. This included £37,000 towards our parish share which was paid in full. The parish share for 2021 has been set at £38,850.

The net excess of expenditure over income for the year was £6,918.

At 31 December 2020 the church had free reserves of £74,178 (being unrestricted funds, including the Central Board of Finance designated fund, that are not tied up in fixed assets). This represents around 10 months of our annual expenditure (based on 2020 figures).

On behalf of the Parochial Church Council

Justine Hatter PCC Honorary Treasurer

22 March 2021

Page 3

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH

OF ST THOMAS AND ST JOHN, BOLTON

INDEPENDENT EXAMINER’S REPORT TO THE PCC OF THE CHURCH OF ST THOMAS AND ST JOHN, LOSTOCK, BOLTON

This report on the financial statements of the Charity for the year ended 31 December 2020, which are set out on pages 5 to 12, is in respect of an examination carried out under Regulation 3(3) of the Church Accounting Regulations 2006 (the Regulations) and section 145 of the Charities Act 2011 (the 2011 Act).

Respective Responsibilities of the PCC and the Examiner

As the members of the PCC you are responsible for the preparation of the financial statements; you consider that the audit requirement of the Regulations and section 144(2) of the 2011 Act does not apply.

Having satisfied myself that the Charity is not subject to audit under prevailing statute, it is my responsibility to examine the accounts under section 145 of the 2011 Act, to follow the procedures laid down in the General Directions given by the Charity Commission under section 145(5) (b) of the 2011 Act, and to state whether particular matters have come to my attention.

Basis of this report

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

Independent Examiner’s Statement

In connection with my examination, no matter has come to my attention:

  1. which gives me reasonable cause to believe that in any material respect the requirements

  2. to keep accounting records in accordance with section 130 of the 2011 Act; and

  3. to prepare financial statements which accord with the accounting records and comply with the requirements of the 2011 Act,

have not been met; or

  1. to which, in my opinion, attention should be drawn to enable a proper understanding of the financial statements to be reached.

David A Kay, FCA Barlow Andrews LLP 78 Chorley New Road Bolton BL1 4BY

22 March 2021

Page 4

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST THOMAS AND ST JOHN, BOLTON

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020

Note
Income from:
Donations and gift aid tax
2(a)
Activities for generating funds
2(b)
Church activities
2(c)
Investment income
2(d)
Total income
Expenditure on:
Church activities
3(a)
Governance costs
3(b)
Total expenditure
Net (expenditure)/income before transfers
Transfers between funds
Net movement in funds for the year
Balance brought forward at 1 January
Balance carried forward at 31 December		 Unrestricted
Funds
Restricted
Funds
Total Funds
2020
Unrestricted
Funds
Restricted
Funds
Total Funds
2019
£
£
£
49,874
-
49,874
46,310
1,448
47,758
16
-
16
1,852
-
1,852
29,173
-
29,173
57,846
-
57,846
290
-
290
451
-
451
79,353
-
79,353
106,459
1,448
107,907
84,843
-
84,843
114,853
1,448
116,301
1,428
-
1,428
1,504
-
1,504
86,271
-
86,271
116,357
1,448
117,805
(6,918)
-
(6,918)
(9,898)
-
(9,898)
-
-
-
-
-
-
(6,918)
-
(6,918)
(9,898)
-
(9,898)
375,130
252
375,382
385,028
252
385,280
368,212
252
368,464
375,130
252
375,382

Page 5

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST THOMAS AND ST JOHN, BOLTON

BALANCE SHEET AS AT 31 DECEMBER 2020

Note
Tangible fixed assets
7
Current assets:
Investments
Duckworth Legacy
Debtors
Tax recoverable
Cash at bank and in hand
Central Board of Finance
Bank accounts
Building Society
Cash
Total current assets
Current liabilities
Other creditors and accruals
Net current assets
Net assets
9
Funds
Unrestricted funds
General fund
8
Central Board of Finance fund
8
Restricted funds
Duckworth Legacy
Total funds		 2020
£
294,034		 2019
£
305,277
252 252
4,928 4,429
68,101
5,659
-
440		 61,321
4,826
4,912
415
74,200 71,474
79,380
(4,950)		 76,155
(6,050)
74,430 70,105
368,464 375,382
300,111
68,101		 313,809
61,321
368,212
252		 375,130
252
368,464 375,382

Approved by the Parochial Church Council on 22 March 2021 and signed on its behalf:

Rev Terry Clark Incumbent:

Justine Hatter

Honorary Treasurer:

Page 6

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST THOMAS AND ST JOHN, BOLTON

NOTES TO THE FINANCIAL STATEMENTS 31 DECEMBER 2020

1. Accounting policies

(a) Basis of accounting

The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.

(b) Going concern

At the time of approving the accounts, the trustees have reasonable expectation that the charity has adequate resources to continue in operational existence for the foreseeable future. Thus, the trustees continue to adopt the going concern basis of accounting in preparing the accounts.

(c) Funds

Restricted funds represent donations or grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund.

Unrestricted funds are funds which can be used for PCC ordinary purposes.

Designated funds are unrestricted funds which are put aside for specific purposes at the discretion of the trustees.

(d) Income

Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable. Interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.

(e) Investment income

All investment income arises from money held in interest bearing deposit accounts.

(f) Expenditure

Grants and donations 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 due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross. Governance costs include those incurred in the governance of its assets and are directly associated with constitutional and statutory requirements.

Page 7

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST THOMAS AND ST JOHN, BOLTON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 31 DECEMBER 2020

(g) Tangible fixed assets

Consecrated and benefice property is not included in the financial statements.

Movable church furnishings held by the vicar and church wardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church’s inventory, which can be inspected (at any reasonable time). For anything acquired prior to 2000, there is insufficient cost information available and therefore such assets are not valued in the financial statements. Subsequently no individual item has cost more than £1,000 so all such expenditure has been written off when incurred.

The Parish Centre is recognised in these financial statements at cost and was being depreciated on a straight-line basis over fifty years. The depreciation policy has been amended from 01 January 2017 and is now based upon the remaining value of the building at 31 December 2016 being depreciated on a straight-line basis over the next fifty years, to better reflect the expected life of the building.

Equipment used within the church premises is depreciated on a straight-line basis over four years, whist the kitchen refurbishment is depreciated on a straight-line basis over five years. Individual items of equipment with a purchase price of £500 or less are written off when the asset is acquired.

(h) Financial instruments

The trust only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value.

Page 8

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST THOMAS AND ST JOHN, BOLTON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 31 DECEMBER 2020

2. Income

(a)
Donations and gift aid tax
Planned giving:
Gift Aided
Tax recoverable
Collections (open plate)
Sundry donations
Appeals
(b)
Activities for generating funds
Social activities
(c)
Income from church activities
Bookstall
Parish Centre lettings
SAGA accommodation
Fees
Coffee
(d)
Investment income
Central Board of Finance
Business reserve account
Building society account		 Total Funds
Unrestricted
Funds
Restricted
Funds
2020
2019
£
£
£
£
36,148
-
36,148
32,498
9,877
-
9,877
8,822
1,104
-
1,104
2,580
2,745
-
2,745
2,410
-
-
-
1,448
49,874
-
49,874
47,758
16
-
16
1,852
16
-
16
1,852
-
-
-
106
27,918
-
27,918
56,314
1
-
1
1
1,068
-
1,068
726
186
-
186
699
29,173
-
29,173
57,846
281
-
281
435
9
-
9
11
-
-
-
5
290
-
290
451

Page 9

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST THOMAS AND ST JOHN, BOLTON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 31 DECEMBER 2020

3.
Expenditure
(a) Church activities
Missionary & charitable giving
Church appeals
Royal British Legion
Christingle Children’s Society
Christian Aid
Tear Fund
Derian House
Urban Outreach
Macmillan Cancer Support
Lostock Café donations
Alzheimer’s Society
Tear Fund
Total cost of missionary & charitable giving
Other costs of church activities
Ministry -Diocesan Parish share
Incumbent expenses
Fees out and organist
Water, heating and lighting
Insurance
General repairs
Service aids
Vicarage/PCC Property
Parish Centre costs (see note 4)
Fixtures and fittings depreciation
PSA
Sundries
Bank charges
Security
Total other costs of church activities
Total cost of church activities
(b) Governance costs
Independent examination fees		 Unrestricted
Funds
Restricted
Funds
Total
2020
Total
2019
£
£
£
£
-
-
-
100
-
-
-
439
-
-
-
360
-
-
-
170
-
-
-
-
-
-
-
-
-
230
218
31
-
-
-
1,548
-
-
-
50
-
-
-
50
-
-
-
100
-
-
-
1,648
37,000
-
37,000
31,000
879
-
879
2,100
666
-
666
345
2,232
-
2,232
2,516
1,349
-
1,349
1,391
439
-
439
2,440
581
-
581
2,062
600
-
600
5,443
37,066
-
37,066
62,964
2,753
-
2,753
2,753
172
-
172
166
383
-
383
624
382
-
382
514
341
-
341
335
84,843
-
84,843
114,653
84,843
-
84,843
116,301
1,428
-
1,428
1,504

Page 10

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST THOMAS AND ST JOHN, BOLTON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) 31 DECEMBER 2020

4. Parish Centre costs

4. Parish Centre costs
Cleaning
Telephones and internet
Insurance
Water
Salaries including NI
Heating and lighting
Security
Repairs and equipment
Sundries
PSA
Gardens
Bank charges
Depreciation on building
Depreciation on fixtures and fittings
5. Information about staff costs and numbers
Salaries
Social security costs
Pension costs		 2020
2019
£
£
798
1,429
917
816
1,349
1,391
486
2,468
15,578
29,397
6,451
7,488
341
934
1,606
8,611
850
1,313
4
153
-
418
195
55
6,365
6,365
2,126
2,126
37,066
62,964
2020
2019
£
£
15,200
29,086
-
-
378
311
15,578
29,397

The average number of employees for the year was 4 (2019: 4).

No employees had benefits in excess of £60,000 in this or the previous year. Pension costs are included in Parish Centre costs (note 4) and are wholly charged to unrestricted funds.

The charity trustees did not receive any remuneration or other benefits from employment with the church, nor were they reimbursed expenses in this or the previous year. No charity trustee received payment for professional or other services supplied to the charity.

6. Related party transactions

There were no disclosable related party transactions during the year (2019: None).

Page 11

PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST THOMAS AND ST JOHN, BOLTON

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

31 DECEMBER 2020

Tangible fixed assets
Cost
At 1 January 2020
Additions
At 31 December 2020
Depreciation
At 1 January 2020
Charge for the year
At 31 December 2020
Net Book Value
At 31 December 2020
At 31 December 2019		 Parish
Centre
Fixtures
and Fittings
Refurbished
Kitchen
Total
£
£
£
£
663,000
10,802
21,255
695,057
-
-
-
-
663,000
10,802
21,255
695,057
363,855
8,921
17,004
389,780
6,365
627
4,251
11,243
370,220
9,548
21,255
401,023
2
292,780
1,254
-
294,034
299,145
1,881
4,251
305,277

7. Tangible fixed assets

8. Information about funds

Unrestricted funds comprise general funds of £300,111 (2019 £313,809) and designated funds of £68,101 (2019 £61,321). The latter is designated by the trustees for future improvements, including a new church roof. The designated funds balance is maintained in the Central Board of Finance deposit account. Interest earned on that account is added to the designated fund balance each year.

9. Analysis of net assets between funds
Fund balances at 31 December 2020 are represented by:
Tangible fixed assets
Current assets
Liabilities: amounts falling due within one year		 Unrestricted
funds
Restricted
funds
Total
£
£
£
294,034
-
294,034
79,128
252
79,380
(4,950)
-
(4,950)
368,212
252
368,464

Page 12