**Registered Charity No. 1134703**
## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON**
## **REPORT AND ACCOUNTS**
**FOR THE YEAR ENDED 31 DECEMBER 2020**
## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW’S, CULLOMPTON ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020**
|**CONTENTS**||
|---|---|
||**Pages**|
|**Trustees Report**|**1 – 6**|
|**Independent Examiners Report**|**7**|
|**Statement of Financial Activities**|**8**|
|**Balance Sheet**|**9 - 10**|
|**Notes to the Accounts**|**11 - 22**|
## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2020**
The Trustees of the charity submit their annual report and financial statements for the year ended 31 December 2020. The Trustees have adopted the provision of the Statement of Recommended Practice (SORP) “Accounting and Reporting by Charities” in preparing the annual report and financial statements of the charity as well as complying with the statutory requirements of the governing document.
## **Legal and Administrative Information**
St Andrew’s Church is situated in Church Street, Cullompton. It is part of the Diocese of Exeter within the Church of England. The charity is independently registered with the Charity Commission - number 1134703.
## **Registered Office**
St Andrew’s Church Office, Cullompton Community Centre, Pye Corner, Cullompton EX15 1JX
## **Trustees - Parochial Church Council Members**
Rector: Rev. Edward Hobbs Associate Minister (50%): Rev. Oliver Mears Curate: We have a new curate joining us in 2021 Church Wardens: Amelia Jerreat Joanne Bailey Treasurer: Matt Cooper Elected Members: Ed Thompson Elaine Reynolds Sarah Stuchbery Chris Cozens Steve Foster James Wakefield Luke Edser Sarah Robinson Matt Cooper Deanery Synod Keith Rushforth Martin Hammett Martin Smith Richard Shere Ex-Officio PCC members Diocesan Synod: Andrew Southall Simon Friend (also General Synod) Readers invited to attend PCC: Celia Fox Simon Friend
1
## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2020**
## **Structure, governance and management**
Parochial Church Councils (PCCs) are charities, which are governed by two pieces of Church of England legislation, called Measures. These are:
1. the Parochial Church Councils (Powers) Measure 1956 as amended. This defines the principal function, or purpose, of the PCC as “promoting in the parish the whole mission of the Church”; and
2. the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended).
The method of appointment of PCC members is set out in the Church Representation rules. At St Andrew's the PCC comprises of the Rector, Associate Priest, Church Wardens, Curate (although we did not have a Curate in 2020), Deanery Synod members, “ordinary” members and any ex-officio members (Such as Diocesan Synod or General Synod). The Deanery Synod members and “ordinary” members are elected by church members who are on the Church Electoral Roll. PCC members are responsible for making decisions on all matters of general concern and importance to the parish, including how the funds of the PCC are to be spent. The PCC meets at least quarterly, although the PCC day and Christmas social had to be cancelled this year.
The Senior Leadership Team (SLT) continue to meet twice monthly to act on behalf of the PCC and present proposals, reviews and policies for the PCC, as a whole, to approve and ratify. The SLT comprises of the Rector, the Associate Minister, 2 Church Wardens, Treasurer, Operations Director and PCC Lay Chair.
The town of Cullompton is set to more than double in size by 2033 and the PCC continue to look at how we “do church” in a variety of non-church settings and in particular how we might engage with people in new community facilities.
## **Aims and purpose:**
St Andrew's Parochial Church Council (PCC) is responsible for co-operating with the Rector, Rev. Edward Hobbs, to promote the whole mission of the church: pastoral, evangelical, social and ecumenical, in the ecclesiastical parish of Cullompton and as part of the Mission throughout the Culm Valley. It also supports work within the Cullompton Deanery and the wider mission of the Diocese of Exeter.
## **Objectives and activity**
The objectives of the PCC are summed up in the simple words “Revealing the heart of Jesus in the heart of our community”. This underpins all our activities. The PCC, with the Priest-in-Charge, oversee worship throughout the parish, aiming to meet the needs of the congregations, and also reaching out intentionally into the community. As austerity continues to impact local service delivery the “gaps” are increasing, and the church has a role to play in providing support and services. The planning of activities for the year satisfied the Charity Commissioners' guidance on public benefit and specifically the guidance on charities for the advancement of religion.
In order to make all this possible the PCC continued the necessary repair and maintenance of St Andrew's Church, the Community Centre and its immediate surroundings. Work has focused on more routine maintenance in 2020 with no major grants and no significant progress on the 2016 priorities listed in the quinquennial report, mainly due to the restrictions as a result of the COVID-19 pandemic.
2
## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2020**
## **Achievements and performance**
Rector Edward Hobbs worked closely with the wardens, the senior leadership team, the wider staff team and the church family to promote and deliver the objectives mentioned above. Every Sunday provided opportunities for worship, prayer and praise. For a majority of the year we were restricted by the national COVID-19 lockdown and were unable to gather in the church building as normal. We began pre-recording short services each week to send out to church members and the wider community. We also invested in the necessary equipment to begin live streaming services as soon as COVID-19 restrictions allowed a limited number of people back into the building. As lockdown restrictions were eased we were able to hold a few weekly services in the church building with strictly limited numbers and a ticketing system in place to ensure social distancing.
During the year we held 3 infant baptisms, 5 marriages and 6 in church funerals. These figures were much reduced this year due to the COVID-19 restrictions which affected these services during the year. Communion was taken to 11 adults who are housebound or locally in Care Homes when restrictions allowed. At least 125 church members attend Home-groups, usually fortnightly, to socialise, enjoy suppers, pray, and discuss the Bible's teaching. Homegroups have functioned online since March.
In 2020 the Church Electoral Roll was 235. During 2020 participation was 268 adults and 117 children and young people.
Our Easter services this year were pre-recorded (a traditional and more contemporary), and although we were able to have a carol service, two nativity services, a Christmas Eve midnight service and Christmas Day service in the church building the numbers were vastly reduced due to COVID-19 restrictions and social distancing. The annual events usually attended by our church family members were all cancelled due to the COVID-19 pandemic.
## _**Youth**_
The youth services were affected by the same restrictions as all other services in 2020, although we set up a number of regular Zoom calls and online meetings with the young people and saw many of them joining in. We also employed a new Youth and Worship pastor, who joined us in September, and has already run a number of online meetings getting to know the young people of the church. As lockdowns eased he was able to run a few sessions with the young people in the Community Centre.
He is also working well with his team and is looking forward to a time when he can get the young people back together again.
## _**Children and Families Ministry**_
Our youth ministry has continued in much the same way as the other services. We have maintained the family service at the start of the month, either online or in church as restrictions allowed. Our Children’s pastor has kept in touch with many of the children and their families within St Andrew’s family and in the wider community, running frequent online events.
## _**Community engagement/local mission**_
Our community and mission events have been affected by the COVID-19 pandemic and lockdowns, with many of our annual or one-off events having to be cancelled.
3
## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2020**
During the first lock down, the very tight restrictions and lack of access to technology made our Keystone ministry difficult to maintain. Since the summer, job club and Friday work group have restarted and the group are looking to buy technology to help people access the services they need. A woman’s support craft group has also recently restarted.
People Matter has continued to run weekly, either delivering food or asking people to collect food parcels safely from the church and community centre. Vulnerable families were supported over Christmas with presents and food parcels and the number of individuals and families supported has increased.
## _**Global Mission**_
St Andrew's continues to give away 10% of its gifted income to support mission activities which is managed by an Outward Giving Team. We give to local, national and international charities, with a particular focus on forging longer term relationships with these groups.
## _**Church Building**_
The church was open most weekdays for visitors prior to the beginning of lockdown, and when restrictions were eased in early autumn we were able to open the church building, with strict limitations to ensure compliance to COVID-19 guidelines, for three days each week. Ongoing maintenance and repair are always important matters and we are in continued conversations with the local council over statutory duty to maintain the churchyard.
## _**Cullompton Community Centre**_
St Andrew’s Church owns the building of the Cullompton Community Centre, located in the church grounds. The building is leased to Cullompton Community Centre (Operations) Limited, a wholly owned trading subsidiary company of St Andrew’s. The company shares are held in trust by the Church Wardens, who at the year-end were A Jerreat and J Bailey. The long-term aim is for profits from this company to be used to maintain and improve the building and to be donated as revenue for St Andrew’s Church. Due to COVID-19 the centre has had a difficult year and at the end of October 2020, the centre staff were made redundant. A volunteer interim management group, made up of members of the church, are now in place running Cullompton Community Centre (Operations) Ltd. There are plans to rent out some of the space on a long-term basis and for a phased opening of the rest of the centre once the easing of COVID-19 restrictions allows.
## **Financial Review:**
Total receipts of Unrestricted Funds amounted to £248,382 which is a fall from the £275,477 received in 2019. The main reason for the reduction in unrestricted income is the fall in cash collections as a result of the lockdown restrictions arising from the on-going pandemic. During 2020 a further £1,235 (2019: £16,983) was received towards designated funds. Restricted income amounted to £86,108, of this £46,800 is from the Culture Recovery Fund Heritage Grant to support the church through the pandemic.
Total expenditure for unrestricted funds was £227,268. After transfers between funds the General Fund was showing a surplus of £6,888, Designated Funds a surplus of £4,145 and Restricted Funds a surplus of £57,557 for the year.
The transfers between funds include a sum of £22,875 to the PCC Designated Outward Giving Fund from the general Fund with further details in note 19 below. We committed £120,000 of our expenditure in Common Fund payments to the Diocese.
4
## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2020**
## **Reserves Policy**
The PCC aims to maintain a balance in General Reserves equal to 6 months of budgeted expenditure. For 2020 this amounts to an aim of £121,000 based on the 2021 budget, however actual reserves from 2020 (including those brought forward) total £102,602, representing only 5 months budgeted expenditure. The policy has changed from 2 months expenditure in 2018 to the current level, so we are still building up this reserve, and additionally due to the COVID-19 pandemic and the resultant loss of some income streams the Trustees have had to utilise rather than fully build general fund reserves in 2020. The PCC has decided to increase the reserve up to 6 months of budgeted expenditure in order to protect against unexpected costs or loss of income, so that we can protect our increasing staff team and continue to meet all our commitments in regards to support for other groups through outward giving. The PCC continued to watch expenditure closely during 2020 and will continue to do so in 2021.
The PCC also hold a number of designated reserves which are set aside for particular projects, details of these reserves are at note 21. The most significant of these is the Property fund which represent the carrying value of the Community Centre building and is therefore designated in a separate reserve as not freely available to spend.
In addition the PCC receives monies for various projects where the terms of the funding are restricted. At the year end the restricted fund reserves total £88,197. This represents the funds received that have not yet been spent on the specified project. Details of these reserves and the projects they will be spent on is shown at note 22 below.
## **Trustees' responsibilities in relation to the financial statements**
The trustees are responsible for preparing the Trustees' Report and financial statements in accordance with applicable law and UK Accounting Standards. A financial statement which give a true and fair view of the state of affairs of the charity and of the incoming resources and application of resources of the charity is required each year. In preparing the financial statements the trustees are required to:
- select suitable accounting policies and then apply them consistently
- observe the methods and principles of the Charities SORP
- make judgments and estimates that are reasonable and prudent
- state whether applicable accounting standards have been followed, subject to and departures disclosed and explained in the financial statements and
- prepare the financial statements on a going concern basis unless it is inappropriate to presume that the charity will continue
The Trustees are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the charity and enable them to ascertain and ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence taking reasonable steps for the prevention and detection of fraud and other irregularities.
5
## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON TRUSTEES' REPORT**
# **YEAR ENDED 31 DECEMBER 2020**
The trustees’ report was approved by the board and signed on its behalf:
Date: 1 March 2021
Rev. Edward Hobbs, Rector
Date: 1 March 2021
Ed Thompson, Lay Chair
Date: 1 March 2021
Mr Matt Cooper, PCC Treasurer
6
**PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON**
## **Independent Examiner’s Report on the Unaudited Financial Statements to the Trustees**
I report on the accounts for the year ended 31 December 2020 set out on pages 8 to 22.
## **Respective Responsibilities of Trustees and Examiner**
The charity's trustees are responsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
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 Independent Examiner's Statement**
My examination was carried out in accordance with general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair' view and the report is limited to those matters set out in the 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:
- to keep accounting records in accordance with section 130 of the Charities Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities (Accounts and Reports) Regulations 2008 other than any requirement to give the accounts a ‘true and fair’ view which is not a matter considered as part of an independent examination
have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
Mrs Elizabeth Jones ACA, FCCA, CTA Azets Lime Court Pathfields Business Park South Molton Devon, EX36 3LH
Date: 19 April 2021
7
## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
|**Note**
**Incoming Resources**
Receipts from Donors
Planned giving
Income tax recovered
Other collections and donations
Legacies received
Grants received
2
Total Donations and legacies
Receipts from Church Activities
3
Investment income
Community Centre lease income
16
Other sundry income
4
**Total incoming resources**
**Resources Expended**
Church Activities
Diocesan Common Fund
5
Outward giving
19
Services and other activities
7
Other governance costs
8
**Total resources expended**
**Net incoming/(outgoing) resources**
**before transfers**
Transfers between funds
9
**Net movement in funds**
Funds brought forward at 1 January
**Funds carried forward at 31 December**|**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total**
**2020**
£
£
£
£
170,040
-
-
170,040
37,552
60
766
38,378
21,059
1,175
15,342
37,576
-
-
5,000
5,000
8,610
-
65,000
73,610
237,261
1,235
86,108
324,604
4,986
-
-
4,986
176
-
-
176
3,000
-
-
3,000
2,959
-
-
2,959
**248,382**
**1,235**
**86,108**
**335,725**
120,000
-
-
120,000
-
15,760
-
15,760
106,641
4,299
19,808
130,748
627
-
-
627
**227,268**
**20,059**
**19,808**
**267,135**
**21,114**
**(18,824)**
**66,300**
**68,590**
16,009
(7,266)
(8,743)
-
**37,123**
**(26,090)**
**57,557**
**68,590**
65,479
362,461
30,640
458,580
**102,602**
**336,371**
**88,197**
**527,170**|**Total**
**2019**
£
163,031
38,568
61,488
-
-|
|---|---|---|
|||263,087
25,221
274
3,000
10,794|
|||**302,376**|
|||100,000
19,970
180,537
657|
|||**301,164**|
|||**1,212**
-|
|||**1,212**
457,368|
|||**458,580**|
8
## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2020**
|**Note**
**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total**
**2020**
£
£
£
£
**Tangible Fixed Assets**
10
9,858
300,000
-
309,858
**Current assets**
Debtors due within 1 year
11
7,908
5
452
8,365
Loan to CCC Ops Ltd
12
931
-
-
931
Loan to CCC Ops Ltd – interest free
13
75,000
-
-
75,000
Cash at bank and on hand
14
64,332
36,366
87,745
188,443
**Total current assets**
148,171
36,371
88,197
272,739
**Creditors: Amounts falling due within one year**
Creditors - short term
15
4,575
-
-
4,575
**Net current assets**
143,596
36,371
88,197
268,164
**Total assets less current liabilities**
153,454
336,371
88,197
578,022
**Creditors: Amounts falling due after one year**
Deferred income – lease of
Community Centre
16
50,852
-
-
50,852
**Net assets**
**102,602**
**336,371**
**88,197**
**527,170**
Represented by
General unrestricted funds
102,602
-
-
102,602
**Designated funds:**
21
Property fund- Community Centre
-
300,000
-
300,000
Children’s pastor fund
-
30
-
30
Designated reserve fund
-
-
-
-
Outward giving fund
-
29,600
-
29,600
Keystone (Jobs Club)
-
4,230
-
4,230
Coffee morning fund
-
1,019
-
1,019
Lighthouse fund
-
88
-
88
Silvertops fund
-
1,404
-
1,404
Carried forward to next page
102,602
336,371
-
438,973|**Total**
**2019**
£
301,552
15,518
899
75,000
126,413|
|---|---|
||217,830|
||6,950|
||210,880|
||512,432
53,852|
||**458,580**|
||65,479
300,000
481
30,235
26,485
2,257
1,418
88
1,497|
||427,940|
9
## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2020**
|**Note**
Brought forward from previous page
**Restricted funds:**
22
Bell fund
Organ fund
CAP fund
Children’s worker fund
Culture Recovery Fund
Keystone
Live feed installation
People Matter fund
Restoration fund
Youth Fund
Youth Social Fund
**Total Funds**|**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total**
**2020**
£
£
£
£
102,602
336,371
-
438,973
-
-
3,704
3,704
-
-
1,352
1,352
-
-
782
782
-
-
13,175
13,175
-
-
32,077
32,077
-
-
12,986
12,986
-
-
399
399
-
-
13,217
13,217
-
-
5,904
5,904
-
-
-
-
-
-
4,601
4,601
**102,602**
**336,371**
**88,197**
**527,170**|**Total**
**2019**
£
427,940
3,621
1,522
782
13,328
-
-
-
2,832
904
2,151
5,500|
|---|---|---|
|||**458,580**|
Approved by the PCC on 1 March 2021 and signed on their behalf by:-
Revd Edward Hobbs, Chairman
Mr Matt Cooper, PCC Treasurer
10
**PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2020**
## **Note 1 Accounting policies**
## **a) Basis of preparation of financial statements**
The PCC is a public benefit entity within the meaning of FRS102.
The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations’ “true and fair view” provisions. The financial statements have also been prepared in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and Accounting and Reporting by Charities: Statement of Recommended Practice (FRS 102) (effective October 2019) - (Charities SORP (FRS 102) (second edition – October 2019)).
Assets and liabilities are initially recognised at historical cost or transaction value except for freehold properties which have been included at revalued amounts.
The accounts present the results of the Charity only and do not include the results of the trading subsidiary, as the group is small, and the charity is therefore exempt from preparing consolidated accounts.
## **b) Asset Policy**
Fixed Assets purchased for continuing use by the charity for the furtherance of its objectives are capitalised at cost (where cost is over £1,000) and depreciated over their economic lives, other than freehold property which is valued at market value at the balance sheet date and the gain or loss taken to the Statement of Financial Activities (SOFA).
## **c) Depreciation**
Tangible fixed assets are written off over their useful economic lives as follows:
- Office equipment - 25% reducing balance
- Fixtures & fittings - 25% reducing balance
- Plant & Equipment – 5 years straight line
No depreciation is provided on buildings as the currently estimated residual value of the properties is not less than their carrying value and the remaining useful life of these assets currently exceeds 50 years, so that any depreciation charges would be immaterial. An impairment review is carried out at each year-end and any resultant loss identified included in expenditure for the year.
## **d) Fund accounting**
General funds are unrestricted funds which are available for use at the discretion of the trustees in furtherance of the general objectives of the charity and which have not been designed for other purposes. Restricted funds are donations which the donor has specified are to be solely used for a particular area or work.
## **e) Incoming Resources**
All incoming resources are included in the SOFA when the charity is legally entitled to the income the trustees are virtually certain they will receive it and the amount can be quantified with reasonable accuracy. Donated services and facilities are included at the value to the charity where this can be quantified. The value of services provided by volunteers has not been included in these accounts. Grants and donations are only recorded in the SOFA when the charity has unconditional entitlement to the resources. Investment income is included when receivable.
11
## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2020**
## **f) Resources Expended**
Expenditure is recognised on an accrual basis as a liability is incurred. The charity is registered for VAT and all expenditure excludes this where appropriate. Costs of generating funds comprise the costs associated with attracting voluntary income. Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activities and those costs of an indirect nature necessary to support them. Governance costs include those costs associated with meeting the constitutional and statutory requirement of the charity and include the examination fees and costs linked to the strategic management of the charity.
## **g) Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **h) Cash at bank and in hand**
Cash at bank and cash in hand includes cash and short term highly liquid investments with a short maturity of three months or less from the date of acquisition or opening of the deposit or similar account.
## **i) Creditors and provisions**
Creditors and provisions are recognised where the charity has a present obligation resulting from a past event that will probably result in the transfer of funds to a third party and the amount due to settle the obligation can be measured or estimated reliably. Creditors and provisions are normally recognised at their settlement amount after allowing for any trade discounts due.
## **j) Financial instruments**
The PCC 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.
## **k) Lease**
The PCC has leased the Community Centre to Cullompton Community Centre (Operations) Ltd for 25 years from 13 August 2012 at a peppercorn rent and with a premium of £75,000. The premium is being released as income into the accounts over that period on a time related basis.
## **l) Concessionary Loans**
Concessionary loans made are initially recognised in the statement of financial position at the amount paid. Where interest is payable, the carrying amount has been adjusted to reflect the accrued interest. To the extent that any loan becomes irrecoverable, and impairment loss would be recognised in the statement of financial activities. Further details of the loan arrangement can be found at note 13.
12
## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2020**
## **Note 2 Grants Received**
|Coronavirus Job Retention Scheme
Mid Devon District Council
Culture Recovery Fund
Devon County Council
The Henry Smith Charity
Other
**Note 3 Receipts from Church Activities**
Wedding and Funeral fees and charges
Men’s and ladies’ ministries and Silvertops
club income
Children’s work income
Youth work income|**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total**
**2020**
£
£
£
£
3,610
-
-
3,610
5,000
-
-
5,000
-
-
46,800
46,800
-
-
700
700
-
-
15,000
15,000
-
-
2,500
2,500
**8,610**
**-**
**65,000**
**73,610**
**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total**
**2020**
£
£
£
£
3,468
-
-
3,468
-
-
-
-
669
-
-
669
849
-
-
849
**4,986**
**-**
**-**
**4,986**|**Total**
**2019**
£
-
-
-
-
-
-|
|---|---|---|
|||**-**|
|||**Total**
**2019**
£
6,217
510
4,531
13,963|
|||**25,221**|
## **Note 4 Sundry income**
The sundry income of £2,959 (2019: £10,794) includes £2,458 car park rental income (2019: £2,279)
## **Note 5 Common Fund**
In 2020 a contribution of £120,000 (2019: £100,000) was paid to the Diocese of Exeter in respect of the Diocesan revised assessment for the year of £128,000 (2019: £184,884).
## **Note 6 Staff Costs**
Staff costs which are included within church activities expenditure were:
|Wages and salaries
Social security costs
Pension Contributions (defined contribution scheme)
Average number of employees (headcount)|**2020**
£
74,034
294
1,143
**75,471**
6|**2019**
£
73,613
199
929|
|---|---|---|
|||**74,741**|
|||8|
During the year the church received £3,610 (2019: £nil) of Coronavirus Job Retention Scheme grant for furloughed staff.
There were no employees who received total employment benefits of more than £60,000 in the current or preceding year.
Pension contributions have been made to a defined contribution scheme. They have all been allocated to the unrestricted fund as fully relate to staff employed on general fund activities.
13
## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2020**
## **Note 7 Church activities - Services and other activities**
|Church services, upkeep and administration:
Clergy expenses
Worship, organist and services
Evangelism and Alpha course
Bell expenses
Church maintenance and running costs
Church insurance
Non-office wages and expenses
Administration
Office rent
Depreciation
Miscellaneous expenses
Wedding and funeral expenses
Men’s and ladies’ ministries and Silvertops
club costs
Children’s work
Youth work
Youth worker rent
Keystone project expenditure
People Matter expenditure
Coffee Mornings
**Note 8 Governance costs**
Independent examiners fee|**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total**
**2020**
£
£
£
£
1,841
-
-
1,841
5,401
-
-
5,401
189
-
-
189
-
-
53
53
7,604
-
1,499
9,103
4,148
-
-
4,148
285
-
-
285
41,177
-
2,991
44,168
5,400
-
-
5,400
2,637
-
-
2,637
1,274
-
-
1,274
69,956
-
4,543
74,499
1,144
-
-
1,144
-
205
-
205
25,272
751
153
26,176
10,269
-
3,050
13,319
-
-
-
-
-
2,221
7,547
9,768
-
-
4,515
4,515
-
1,122
-
1,122
**106,641**
**4,299**
**19,808**
**130,748**
**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total**
**2020**
£
£
£
£
627
-
-
627|**Total**
**2019**
£
2,141
10,374
172
53
11,907
8,258
1,736
47,144
5,400
518
2,792|
|---|---|---|
|||90,495
2,561
998
28,146
26,340
8,517
16,564
4,216
2,700|
|||**180,537**|
|||**Total**
**2019**
£
657|
14
## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2020**
|**Note 9 Fund Transfers**
**Transfers between funds in 2020**
**Transfer to reflect tangible fixed assets purchased**
Transfer from Culture Recovery Fund to represent grant
spent on fixed asset additions
**Internal fund transfers**
Transfer for unspent bell ringing fees to bell fund
Transfer for donation from Coffee Morning to People Matter
Transfer to Keystone for job retention funding received
**Transfer to reflect Outward Giving donations made**
Transfer to Keystone £2,000 (both Designated Funds)
Transfer to People Matter
**Transfer to reflect reserves policy**
Release of separate designation
**Transfer to reflect agreement to give 10% of giving income**
**to charity**
Transfer of 10% of 2020 giving to Outward Giving Fund
**Note 10 Tangible Fixed Assets**
**Property**
£
**Valuation/ Cost**
As at 1 January 2020
300,000
Additions
-
As at 31 December 2020
300,000
**Depreciation**
As at 1 January 2019
-
Charge for the year
-
As at 31 December 2019
-
**Net Book Value**
As at 31 December 2020
300,000
As at 31 December 2019
300,000|**Note 9 Fund Transfers**
**Transfers between funds in 2020**
**Transfer to reflect tangible fixed assets purchased**
Transfer from Culture Recovery Fund to represent grant
spent on fixed asset additions
**Internal fund transfers**
Transfer for unspent bell ringing fees to bell fund
Transfer for donation from Coffee Morning to People Matter
Transfer to Keystone for job retention funding received
**Transfer to reflect Outward Giving donations made**
Transfer to Keystone £2,000 (both Designated Funds)
Transfer to People Matter
**Transfer to reflect reserves policy**
Release of separate designation
**Transfer to reflect agreement to give 10% of giving income**
**to charity**
Transfer of 10% of 2020 giving to Outward Giving Fund
**Note 10 Tangible Fixed Assets**
**Property**
£
**Valuation/ Cost**
As at 1 January 2020
300,000
Additions
-
As at 31 December 2020
300,000
**Depreciation**
As at 1 January 2019
-
Charge for the year
-
As at 31 December 2019
-
**Net Book Value**
As at 31 December 2020
300,000
As at 31 December 2019
300,000|**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
£
£
£
10,943
-
(10,943)
(100)
-
100
-
(100)
100
(2,194)
2,194
-
-
-
-
-
(2,000)
2,000
30,235
(30,235)
(22,875)
22,875
-
16,009
7,266
(8,743)
**Plant &**
**Equipment**
**Office**
**equipment**
**Fixtures &**
**Fittings**
£
£
£
1,200
5,935
21,936
10,943
-
-
12,143
5,935
21,936
480
5,722
21,317
2,429
53
155
2,909
5,775
21,472
9,234
160
464
720
213
619|**Total**
£
329,071
10,943|
|---|---|---|---|
||300,000||340,014|
||-
-||27,519
2,637|
||-||30,156|
||300,000||309,858|
||300,000||301,552|
The property comprises the Community Centre which is leased to the charity’s wholly owned subsidiary trading company Cullompton Community Centre (Operations) Limited. See note 16 below regarding the lease.
15
## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2020**
**Note 11 Debtors and prepayments**
|**Note 11 Debtors and prepayments**|||
|---|---|---|
|**Debtors**
Other debtors: Gift Aid tax reclaim
VAT recoverable
Trade debtors
Prepayments and accrued income|**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total**
**2020**
£
£
£
£
2,662
5
452
3,119
1,563
-
-
1,563
1,525
-
-
1,525
5,750
5
452
6,207
2,158
-
-
2,158
**7,908**
**5**
**452**
**8,365**|**Total**
**2019**
£
12,811
1,357
-|
|||14,168
1,350|
|||**15,518**|
## **Note 12 Loan to Cullompton Community Centre (Operations) Limited associated with the operation of the Community Centre**
|**Community Centre**|**Community Centre**|||
|---|---|---|---|
|Interest is charged on the loan at a rate of 3.5%pa. During the year interest of £32 has been||accrued (2019:|52)|
||**Capital**|**Interest**|**Total**|
||£|£|£|
|Balance at 1 January 2020|891|8|899|
|Repayments by CCC (Ops) Ltd|-|-|-|
|Interest added to capital|32|(32)|-|
|Interest charged in year|-|32|32|
|**Balance at 31 December 2020**|923|8|931|
## **Note 13 Long-term interest-free loan to Cullompton Community Centre (Operations) Limited**
The PCC has granted a long-term interest free loan of £75,000 to Cullompton Community Centre (Operations) Limited (CCC (Ops) Ltd). The loan is repayable when the Centre is operating at a surplus and after repayment of the loan granted from the New Building Fund.
16
## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2020**
## **Note 14 Cash at bank and in hand**
|**General fund**
**Designated funds:**
Children’s pastor fund
Designated reserve fund
Outward giving fund
Keystone
Coffee morning fund
Lighthouse fund
Silvertops fund
**Restricted funds:**
Bell fund
Organ fund
CAP fund
Children’s worker fund
Culture Recovery Fund
Keystone
Live Feed installation
People Matter fund
Restoration fund
Youth Fund
Youth Social Fund|**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total**
**2020**
£
£
£
£
64,332
-
-
64,332
-
25
-
25
-
-
-
-
-
29,600
-
29,600
-
4,230
-
4,230
-
1,019
-
1,019
-
88
-
88
-
1,404
-
1,404
-
-
3,704
3,704
-
-
1,352
1,352
-
-
782
782
-
-
13,175
13,175
-
-
32,077
32,077
-
-
12,980
12,980
-
-
399
399
-
-
12,771
12,771
-
-
5,904
5,904
-
-
-
-
-
-
4,601
4,601
**64,332**
**36,366**
**87,745**
**188,443**|**Total**
**2019**
£
33,352
441
30,235
26,485
2,257
1,418
88
1,497
3,621
1,522
782
13,328
-
-
-
2,832
904
2,151
5,500|
|---|---|---|
|||**126,413**|
## **Note 15 Creditors falling due within one year: Short Term Creditors and Receipts in Advance**
|Trade creditors
Statutory fees due to Diocese
Other creditors
Accruals
Income received in advance|**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total**
**2020**
£
£
£
£
886
-
-
886
-
-
-
-
-
-
-
-
630
-
-
630
3,059
-
-
3,059
**4,575**
**-**
**-**
**4,575**|**Total**
**2019**
£
2,515
477
1,578
630
1,750|
|---|---|---|
|||**6,950**|
## **Note 16 Lease of the Community Centre to Cullompton Community Centre (Operations) Limited**
The PCC has leased the Community Centre to CCC (Operations) Ltd for 25 years from 13 August 2012 at a peppercorn rent and with a premium of £75,000. The premium is being released as income into the accounts over that period on a time related basis.
|Balance at 1 January
Release to income for the year
Balance carried forward at 31 December|**2020**
£
53,852
(3,000)
50,852|**2019**
£
56,852
(3,000)|
|---|---|---|
|||53,852|
17
**PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2020**
## **Note 17 Trustee remuneration and expenses**
The charity trustees were not paid or received any other benefits from employment with the church in the year (2019: £nil) neither were they reimbursed expenses during the year (2019: £nil). No charity trustee received payment for professional or other services supplied to the charity (2019: £nil).
## **Note 18 Related Party Transactions**
Cullompton Community Centre (Operations) Limited (referred to as CCC (Ops) Ltd), is a wholly owned trading subsidiary company of St Andrew’s PCC. The company shares are held in trust for St Andrew’s by the Church Wardens, who at the year-end were A Jerreat and J Bailey. During the year the following transactions have taken place with the between the church and the company:
The church has leased their freehold property of the Community Centre to CCC (Ops) Ltd for 25 years from 13 August 2012. An up-front premium was paid at that time of £75,000, which is being released over the term of the lease – see note 16 above. During the year £3,000 (2019: £3,000) has been recognised as income and at the year end the deferred lease recognised on the balance sheet amounted to £50,852 (2019: £53,852).
During the year the Church paid rent for office space of £5,400 (2019: £5,400) to CCC (Ops) Ltd.
As part of the initial building of the Community Centre and set up of the trading company, the PCC granted two loans to CCC (Ops) Ltd. The first from the New Building Fund, with interest charge on the outstanding balance at 3.5%. At the balance sheet date £931 (2019: £899) remains outstanding and is included within current assets. During the year interest income of £32 (2019: £52) was recognised by the Church. The second loan is a long-term interest free loan of £75,000 to CCC (Ops) Ltd. The loan is repayable when the Centre is operating at a surplus and after repayment of the loan granted from the New Building Fund. At the balance sheet date £75,000 (2019: £75,000) remains due to the church and is included within current assets on the balance sheet.
## **Note 19 Designated Outward Giving Fund**
During the year, the Outward Giving Committee distributed £19,760 (2019: £22,970) of grants to various causes in respect of the sums set aside from the prior year.
The fund balance carried forward of £29,600 (2019: £26,485) comprises the designated 10% of general fund receipts from donors (rounded up to the nearest £25; as approved by the PCC) of £22,875 plus an underspend from the prior year of £6,725 (2019: £24,025 plus an underspend from the prior year of £2,460)
## **Note 20 Taxation**
As a charity, the Parochial Church Council of St Andrew's Cullompton is exempt from tax on income and gains falling within Section 505 of the Taxes Act 1988 or Section 256 of the Taxation of Chargeable Gains Act 1992 to the extent that these are applied to its charitable objects. No tax charges have arisen in the charity.
18
## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2020**
|**Note 21 Designated Funds**
**Incoming Resources**
Receipts from Donors
Income tax recovered
Other collections and
donations
Receipts from Church Activities
**Total designated fund income**
**Resources Expended**
Church Activities
Outward giving
Services and other activities
**Total resources expended on**
**designated funds**
Net incoming/(outgoing) resources before
transfer
Net transfers between funds (note 9)
Net movement in funds
Funds at 1 January 2020
**Funds at 31 December 2020**
**Represented by**
Fixed assets
Current assets
Debtors
Cash at bank and in hand
Net assets|**Coffee**
**Morning**
**Children’s**
**Pastor Fund**
**£**
**£**
-
60
823
240
-
-|**Designated**
**Reserves**
**£**
-
-
-|**Keystone**
**(Job’s Club)**
**£**
-
-
-|**Lighthouse**
**£**
-
-
-|**Outward**
**Giving**
**£**
-
-
-|**Silvertops**
**Property**
**£**
**£**
-
-
112
-
-
-
**112**
**-**
-
-
205
-
**205**
**-**
(93)
-
-
-
(93)
-
1,497
300,000
**1,404**
**300,000**
-
300,000
-
-
1,404
-
**1,404**
**300,000**|**Total**
**£**
60
1,175
-|
|---|---|---|---|---|---|---|---|
||**823**
**300**|**-**|**-**|**-**|**-**||**1,235**|
||-
-
1,122
751|-
-|-
2,221|-
-|15,760
-||15,760
4,299|
||**1,122**
**751**|**-**|**2,221**|**-**|**15,760**||**20,059**|
||(299)
(451)
(100)
-|-
(30,235)|(2,221)
4,194|-
-|(15,760)
18,875||(18,824)
(7,266)|
||(399)
(451)
1,418
481|-
30,235|1,973
2,257|-
88|3,115
26,485||(26,090)
362,461|
||**1,019**
**30**|**-**|**4,230**|**88**|**29,600**||**336,371**|
||-
-
-
5
1,019
25|-
-
-|-
-
4,230|-
-
88|-
-
29,600||300,000
5
36,366|
||**1,019**
**30**|**-**|**4,230**|**88**|**29,600**||**336,371**|
19
**PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2020**
## **Note 21 Designated Funds - continued**
- **Coffee Morning -** Weekly coffee mornings are held, and this fund is set aside to support the on-going coffee mornings with surplus funds raised from the coffee mornings being donated to other local causes in support of the Church’s objects.
- **Children’s Pastor Fund -** Funds set aside by the PCC to fund the role of the Children’s Pastor **Designated Reserves -** Contingency reserve previously set aside by the trustees in line with their previous reserves policy. This has now been released to the general fund in line with the current reserves policy (as detailed in the Trustees Report).
**Keystone (Jobs Club) -** This is a project to support local people to find vocational, educational and social opportunities. **Lighthouse -** Funds set aside to support the Lighthouse in depth prayer ministry of the church. **Outward Giving -** The PCC designate 10% of general fund receipts from donors each year to be used to support mission activities which is managed by an Outward Giving Team. The church gives to local, national and international charities, with a particular focus on forging longer term relationships with these groups. **Silvertops -** Funds set aside to support the Silvertops club for senior people. **Property -** The balance of the designated fund represents the carrying value of the property.
20
## **PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2020**
|**Note 22 Restricted Funds**
**Incoming Resources**
Receipts from Donors
Other collections and
donations
Income tax recovered
Legacies
Grants received
**Total restricted fund income**
**Resources Expended**
Church Activities
Services and other activi-
ties
**Total resources expended on**
**restricted funds**
Net incoming/(outgoing) re-
sources before transfer
Net transfers between funds
Net movement in funds
Funds at 1 January 2020
**Funds at 31 December 2020**
**Represented by:**
Current assets
Debtors
Cash at bank and in hand
Net assets|**Bell Fund**
**CAP Fund**
**Children’s**
**Worker**
**Grant**
**£**
**£**
**£**
36
-
-
-
-
-
-
-
-
-
-
-|**Culture**
**Recovery**
**Fund**
**£**
-
-
-
46,800|**Cross**
**Repairs**
**£**
244
-
-
-|**Keystone**
**£**
2,245
88
-
18,200|**Live Feed**
**Installa-**
**tion**
**£**
695
-
-
-|**Organ**
**Fund**
**People**
**Matter**
**Fund**
**Restora-**
**tion Fund**
**Youth**
**Fund**
**Youth So-**
**cial Trips**
**Fund**
**Total**
**£**
**£**
**£**
**£**
**£**
**£**
-
12,122
-
-
-
15,342
-
678
-
-
-
766
-
-
5,000
-
-
5,000
-
-
-
-
-
65,000|
|---|---|---|---|---|---|---|
||**36**
**-**
**-**|**46,800**|**244**|**20,533**|**695**|**-**
**12,800**
**5,000**
**-**
**-**
**86,108**|
||53
-
153|3,780|244|7,547|296|170
4,515
-
2,151
899
19,808|
||**53**
**-**
**153**|**3,780**|**244**|**7,547**|**296**|**170**
**4,515**
**-**
**2,151**
**899**
**19,808**|
||(17)
-
(153)
100
-
-|43,020
(10,943)|-
-|12,986
-|399
-|(170)
8,285
5,000
(2,151)
(899)
66,300
-
2,100
-
-
-
(8,743)|
||83
-
(153)
3,621
782
13,328|32,077
-|-
-|12,986
-|399
-|(170)
10,385
5,000
(2,151)
(899)
57,557
1,522
2,832
904
2,151
5,500
30,640|
||**3,704**
**782**
**13,175**|**32,077**|**-**|**12,986**|**399**|**1,352**
**13,217**
**5,904**
**-**
**4,601**
**88,197**|
||-
-
-
3,704
782
13,175|-
32,077|-
-|6
12,980|-
399|-
446
-
-
-
452
1,352
12,771
5,904
-
4,601
87,745|
||**3,704**
**782**
**13,175**|**32,077**|**-**|**12,986**|**399**|**1,352**
**13,217**
**5,904**
**-**
**4,601**
**88,197**|
21
**PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2020**
## **Note 22 Restricted Funds - continued**
|**Bell Fund -**|This fund comprises donation and grants towards the upkeep and maintenance of the church bells.|
|---|---|
|**CAP Fund -**|Fund to support Christians Against Poverty courses run in Cullompton.|
|**Children’s Worker Grant -**|Monies received to support the activities of the Children’s Ministry.|
|**Cross Repairs -**|Monies received to repair the Church cross.|
|**Culture Recovery Fund –**|Grant received from the Culture Recovery Fund for Heritage to support the Charity in adapting to|
||and operating during the COVID-19 pandemic.|
|**Keystone**|Monies received towards the Keystone project which is a project to support local people to find|
||vocational, educational and social opportunities. The balance mainly represents grant funding|
||carried forward into 2021 to fund staff salary costs of the project.|
|**Live Feed Installation –**|Monies received towards the equipment and installation to enable the church to live stream|
||services.|
|**Organ Fund -**|This fund comprises donation and grants towards the upkeep and maintenance of the church organ.|
|**People Matter Fund -**|People Matter is a group at St Andrew’s Church which organise the food bank that serves|
||Cullompton and the surrounding area. The fund balance is carried over into the new year to be used|
||for general running costs and expenses.|
|**Restoration Fund -**|This fund comprises donation and grants towards the upkeep and maintenance of the church|
||building.|
|**Youth Fund -**|Monies received to support the activities of the Youth Ministry.|
|**Youth Social Trips Fund -**|Grants received to support activities and social trips of the Youth Ministry into 2020 and beyond.|
22