DocuSign Envelope ID: E0693871-8A9D-4E6B-A828-264930771B21
Registered Charity No. 1134703
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON
REPORT AND ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2021
DocuSign Envelope ID: E0693871-8A9D-4E6B-A828-264930771B21
PAROCHIAL CHURCH COUNCIL OF ST ANDREW’S, CULLOMPTON ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021
| CONTENTS | |
|---|---|
| Pages | |
| Trustees Report | 1 – 6 |
| Independent Examiners Report | 7 |
| Statement of Financial Activities | 8 |
| Statement of Financial Position | 9 - 10 |
| Notes to the Accounts | 11 - 22 |
DocuSign Envelope ID: E0693871-8A9D-4E6B-A828-264930771B21
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2021
The Trustees of the charity submit their annual report and financial statements for the year ended 31 December 2021. 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 Curate: Rev. Marilyn Sanders Associate Minister (50%): Rev. Oliver Mears (resigned 30 September 2021) Church Wardens: Amelia Jerreat Joanne Bailey Treasurer: Matt Cooper (resigned 13 April 2021) Chris Cozens (from 12 December 2021) Elected Members: Ed Thompson – PCC Lay Chair Sarah Stuchbery Chris Cozens Steve Foster James Wakefield Sarah Robinson Luke Edser (resigned 13 April 2021) Elaine Reynolds (resigned 13 April 2021) Matt Cooper (resigned 13 April 2021) Adam Brooks – (appointed 13 April 2021) Philip Cornish – (appointed 13 April 2021) Kayleigh Duke – (appointed 13 April 2021, resigned 31 December 2021) Deanery Synod Keith Rushforth Martin Hammett (resigned 13 April 2021) Richard Shere Martin Smith Sue Risdon (appointed 13 April 2021) Ex-Officio PCC members Diocesan Synod: Andrew Southall Simon Friend (also General Synod) Invited to attend PCC: Celia Fox (Reader) Beth Collier (Operations Manager) - resigned 31 December 2021
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2021
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:
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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
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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 Minister, Church Wardens, Curate, 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.
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 Rector, 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. During the Pandemic a grant was received to install live-stream cameras, a stage (with ramp) and stage lighting. This has greatly enhanced our Sunday worship in the building and online. We also replaced the ramp to the North Alise door, greatly improving our wheelchair access. We are awaiting a quinquennial inspection in 2022, and in the meantime are progressing some minor repairs to the south roof lead, and a temporary repair to the tower roof (this will need more substantial work in the future)
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2021
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 2021 as in 2020 we were restricted by the national COVID-19 lockdown and were unable to gather in the church building as normal. As lockdown restrictions were eased we were able to restart and reinvigorate many of our ministries, although many still require considerable rebuilding.
During the year we held 3 infant baptisms and 3 thanksgivings, 1 adult baptism and 4 confirmations, 5 marriages and 1 wedding blessing, 15 funerals, of which 12 were in church. These figures are a recovery on last year, but still with some way to go to return to pre-Covid levels. Communion was taken to 11 adults who are housebound or locally in Care Homes when restrictions allowed. Around 200 church members attend Homegroups (many now online), some weekly, some fortnightly, to socialise, enjoy suppers, pray, and study the Bible, this has increased over lockdown as people have sought out help and support.
In 2021 the Church Electoral Roll was 251. During 2021 participation was 204 adults and 59 children and young people.
Our Christmas and Easter services were all back in the building, with numbers recovering, but still some way short of pre-covid numbers, with covid concerns still circulating.
Youth
Our youth work is slowly recovering from Covid, with numbers steadily returning. As in many areas of church life we have continued to be hampered by a lack of volunteers, lingering covid and covid fears, and by people changed patterns of behaviour over the last couple of years. Wherever we end up, it will not be where we were before. Highlights for youth have included a weekend away in November, and joining “the Gathering” for young people across the South West. We have new patterns for meeting during the week and on Sundays.
Children and Families Ministry
Our children and families work is also recovering post covid, some things recovering faster than others. Toddler group is running again weekly, as are Sunday school groups, and all-age service monthly. Assembly opportunities are starting to re-open, as is connection into the pre-school provision. Kidzone has not returned in it’s pre-covid form, but is now a monthly event culminating in lunch (also helping us to address the out of school hunger issues)
Community engagement/local mission
Following various levels of hiatus, much of our community engagement is now back up and running. Coffee morning – every Friday – now also serving a community walking group. Silvertops – meeting fortnightly – over 60's social and activities.
Keystone – work group, job club, women’s group, life group are all back up and running, with 57 people engaging with keystone in the last year. Funding has also been secured for the next 3 years, allowing an increase in hours for our existing worker, and to add a women’s worker shortly.
People Matter – the food bank continued to function throughout, and continues to be well used. Debt centre – we now also operate a debt centre in partnership with CHAT.
YMCA chaplaincy – we have recently had the opportunity to start doing some chaplaincy into a couple of hostels in and near Cullompton.
The Alpha Course - has taken place termly, largely online, and seen a number of people come to faith. Love Cully – has not been able to happen for a couple of years, and will need to be reassessed in 2022.
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2021
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 continues to be open daily for a steady stream of visitors, and people wanting space for quiet and prayer, with a brief midweek service on Wednesdays, as well as full regular service on a Sunday. Works continue to need to be done, as mentioned above, and no doubt as our quinquennial inspection will further reveal.
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 due to the centre staff being made redundant at the end of 2020 a volunteer interim management group, made up of members of the church, was put in place to run Cullompton Community Centre (Operations) Ltd. As COVID-19 restrictions began to relax, business began to increase from April 2021 with temporary arrangements being made to employ individual contractors to cover work activity. In late 2021 a new staff team were recruited and their appoints commenced in January 2022. Towards the end of 2021 business activity was at around 30% of its previous capacity. As all but one of the previous volunteer directors resigned work commenced in October to recruit a new group of directors.
Financial Review:
Total receipts of Unrestricted Funds amounted to £250,088 which is an increase from the £248,832 received in 2020. During 2021 a further £7,509 (2020 £1,235) was received towards designated funds. Restricted income amounted to £29,425 (2020; £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 £254,594 (2020: £227,268). After transfers between funds the General Fund was showing a deficit of £6,043, Designated Funds a surplus of £9,903 and Restricted Funds a deficit of £38,075 for the year. The restricted funds deficit reflects the spend of the Culture Recovery Fund Heritage Grant which was received in 2020 to support the church through the pandemic.
The transfers between funds include a sum of £21,275 to the PCC Designated Outward Giving Fund from the general Fund with further details in note 20 below. We committed £126,000 of our expenditure in Common Fund payments to the Diocese.
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2021
Reserves Policy
The PCC aims to maintain a balance in General Reserves equal to 6 months of budgeted expenditure. For 2021 this amounts to an aim of £118,373 based on the 2022 budget, however actual reserves from 2021 (including those brought forward) total £96,559, representing only 5 months budgeted expenditure.
The policy changed from 2 months expenditure in 2018 to the current level. 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 build general fund reserves in 2021. 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 2021 and will continue to do so in 2022, with measures being put in place to maintain if not increase general fund reserves.
The PCC also hold a number of designated reserves which are set aside for particular projects, details of these reserves are at note 22. 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 £50,122. 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 23 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:
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select suitable accounting policies and then apply them consistently
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observe the methods and principles of the Charities SORP
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make judgments and estimates that are reasonable and prudent
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state whether applicable accounting standards have been followed, subject to and departures disclosed and explained in the financial statements and
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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.
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON TRUSTEES' REPORT YEAR ENDED 31 DECEMBER 2021
The trustees’ report was approved by the board and signed on its behalf:
DocuSigned by: [tex ………………………………………………………… 96ABB1524CA5468...Edward tolbs Rev. Edward Hobbs, Rector
Date: 7 April 2022
[ClusiaDocuSignedB6D5EDBE0C25444...by: (omens
………………………………………………………… Mr Christopher Cozens, PCC Treasurer Date: 7 April 2022
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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 2021 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:
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examine the accounts under section 145 of the 2011 Act,
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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
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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
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which gives me reasonable cause to believe that in, any material respect, the requirements:
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to keep accounting records in accordance with section 130 of the Charities Act; and
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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
- 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: 11/4/2022
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| 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 17 Other sundry income 4 Total incoming resources Resources Expended Church Activities Diocesan Common Fund 5 Outward giving 20 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 2021 £ £ £ £ 166,517 - - 166,517 34,345 20 662 35,027 11,676 3,288 5,073 20,037 12,000 - - 12,000 10,624 3,901 23,690 38,215 235,162 7,209 29,425 271,796 8,109 300 - 8,409 35 - - 35 3,000 - - 3,000 3,782 - - 3,782 250,088 7,509 29,425 287,022 126,000 - - 126,000 - 16,620 - 16,620 127,987 3,873 46,150 178,010 607 - - 607 254,594 20,493 46,150 321,237 (4,506) (12,984) (16,725) (34,215) (1,537) 22,887 (21,350) - (6,043) 9,903 (38,075) (34,215) 102,602 336,371 88,197 527,170 96,559 346,274 50,122 492,955 |
Total 2020 £ 170,040 38,378 37,576 5,000 73,610 |
|---|---|---|
| 324,604 4,986 176 3,000 2,959 |
||
| 335,725 | ||
| 120,000 15,760 130,748 627 |
||
| 267,135 | ||
| 68,590 - |
||
| 68,590 458,580 |
||
| 527,170 |
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DocuSign Envelope ID: E0693871-8A9D-4E6B-A828-264930771B21
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2021
| Note Unrestricted Funds Designated Funds Restricted Funds Total 2021 £ £ £ £ Tangible Fixed Assets 10 25,321 300,000 - 325,321 Current assets Debtors due within 1 year 11 15,091 - 202 15,293 Loan to CCC Ops Ltd 12 - - - - Loan to CCC Ops Ltd – interest free 13 75,000 - - 75,000 Cash at bank and on hand 14 59,502 46,274 49,920 155,696 Total current assets 149,593 46,274 50,122 245,989 Creditors: Amounts falling due within one year Short term creditors and receipts in advance 15 14,751 - - 14,751 Net current assets 134,842 46,274 50,122 231,238 Total assets less current liabilities 160,163 346,274 50,122 556,559 Creditors: Amounts falling due after one year Long term creditors 16 63,604 - - 63,604 Net assets 96,559 346,274 50,122 492,955 Represented by General unrestricted funds 96,559 - - 96,559 Designated funds: 22 Property fund- Community Centre - 300,000 - 300,000 Children’s pastor fund - - - - Loan interest and charges - 2,188 - 2,188 Outward giving fund - 32,755 - 32,755 Keystone (Jobs Club) - 7,730 - 7,730 Coffee morning fund - 586 - 586 Lighthouse fund - - - - Silvertops fund - 1,432 - 1,432 Car park maintenance - 1,583 - 1,583 Carried forward to next page 96,559 346,274 - 442,833 |
Total 2020 £ 309,858 8,365 931 75,000 188,443 |
|---|---|
| 272,739 | |
| 4,575 | |
| 268,164 | |
| 578,022 50,852 |
|
| 527,170 | |
| 102,602 300,000 30 - 29,600 4,230 1,019 88 1,404 - |
|
| 438,973 |
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DocuSign Envelope ID: E0693871-8A9D-4E6B-A828-264930771B21
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON STATEMENT OF FINANCIAL POSITION AS AT 31 DECEMBER 2021
| Unrestricted | Designated | Restricted | Total | Total | ||
|---|---|---|---|---|---|---|
| Note | Funds | Funds | Funds | 2021 | 2020 | |
| £ | £ | £ | £ | £ | ||
| Brought forward from previous page | 96,559 | 346,274 | - | 442,833 | 438,973 | |
| Restricted funds: | 23 | |||||
| Bell fund | - | - | 3,934 | 3,934 | 3,704 | |
| Organ fund | - | - | 742 | 742 | 1,352 | |
| CAP fund | - | - | 560 | 560 | 782 | |
| Children’s work fund | - | - | 12,670 | 12,670 | 13,175 | |
| Culture Recovery Fund | - | - | - | - | 32,077 | |
| Defibrillator Fund | - | - | 300 | 300 | - | |
| Keystone | - | - | 9,934 | 9,934 | 12,986 | |
| Live feed installation | - | - | - | - | 399 | |
| People Matter fund | - | - | 12,641 | 12,641 | 13,217 | |
| Restoration fund | - | - | 5,904 | 5,904 | 5,904 | |
| Youth Social Fund | - | - | 3,437 | 3,437 | 4,601 | |
| Total Funds | 96,559 | 346,274 | 50,122 | 492,955 | 527,170 |
Approved by the PCC on 7 April 2022 and signed on their behalf by:-
[tex96ABB1524CA5468...DocuSignedEdwardby: tolbs
……………………………………………
Revd Edward Hobbs, Chair
[ClusiaDocuSignedB6D5EDBE0C25444...by: (omens
…………………………………………..
Mr Christopher Cozens, PCC Treasurer
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2021
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:
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Office equipment - 25% reducing balance
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Fixtures & fittings - 25% reducing balance
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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.
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2021
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.
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PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2021
Note 2 Grants Received
| Coronavirus Job Retention Scheme Mid Devon District Council Culture Recovery Fund Devon County Council The Henry Smith Charity The Willats Trust CAF Bank – Venturesome Arnold Clark Community Fund 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 2021 £ £ £ £ 4,525 - - 4,525 - - - - - - 5,200 5,200 - - - - - - - - - - 12,500 12,500 6,099 3,901 - 10,000 - - 2,500 2,500 - - 3,490 3,490 10,624 3,901 23,690 38,215 Unrestricted Funds Designated Funds Restricted Funds Total 2021 £ £ £ £ 5,742 - - 5,742 - 300 - 300 1,174 - - 1,174 1,193 - - 1,193 8,109 300 - 8,409 |
Total 2020 £ 3,610 5,000 46,800 700 15,000 - - - 2,500 |
|---|---|---|
| 73,610 | ||
| Total 2020 £ 3,468 - 669 849 |
||
| 4,986 |
Note 4 Sundry income
The sundry income of £3,782 (2020: £2,959) includes £2,458 car park rental income (2020: £2,458)
Note 5 Common Fund
In 2021 a contribution of £126,000 (2020: £120,000) was paid to the Diocese of Exeter in respect of the Diocesan revised assessment for the year of £131,637 (2020: £128,000).
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) |
2021 £ 93,955 949 1,611 96,515 6 |
2020 £ 74,034 294 1,143 |
|---|---|---|
| 75,471 | ||
| 5 |
During the year the church received £4,525 (2020: £3,610) 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.
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DocuSign Envelope ID: E0693871-8A9D-4E6B-A828-264930771B21
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2021
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, room hire and cleaning Loan interest and charges Depreciation Write off of loans advanced Miscellaneous expenses Wedding and funeral expenses Men’s and ladies’ ministries and Silvertops club costs Children’s work Youth work Keystone project expenditure People Matter expenditure Coffee Mornings Note 8 Governance costs Independent examiners fee |
Unrestricted Funds Designated Funds Restricted Funds Total 2021 £ £ £ £ 2,295 - - 2,295 1,986 - - 1,986 255 - - 255 - - 6 6 6,920 167 4,339 11,426 7,177 - - 7,177 - - - - 43,245 - 15,310 58,555 6,034 - - 6,034 - 1,713 - 1,713 7,096 - - 7,096 48 - - 48 1,378 - 222 1,600 76,434 1,880 19,877 98,191 1,536 - - 1,536 - 272 - 272 25,507 130 1,005 26,642 24,510 - 1,163 25,673 - - 17,275 17,275 - - 6,830 6,830 - 1,591 - 1,591 127,987 3,873 46,150 178,010 Unrestricted Funds Designated Funds Restricted Funds Total 2021 £ £ £ £ 607 - - 607 |
Total 2020 £ 1,841 5,401 189 53 9,103 4,148 285 44,168 5,400 - 2,637 - 1,274 |
|---|---|---|
| 74,499 1,144 205 26,176 13,319 9,768 4,515 1,122 |
||
| 130,748 | ||
| Total 2020 £ 627 |
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DocuSign Envelope ID: E0693871-8A9D-4E6B-A828-264930771B21
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2021
Note 9 Fund Transfers
| Note 9 Fund Transfers | |||
|---|---|---|---|
| Unrestricted | Designated | Restricted | |
| Transfers between funds in 2021 | Funds | Funds | Funds |
| £ | £ | £ | |
| Transfer to reflect tangible fixed assets purchased | |||
| Transfer from Culture Recovery Fund to represent grant | |||
| spent on fixed asset additions | 19,740 | (19,740) | |
| Internal fund transfers | |||
| Transfer for unspent bell ringing fees to bell fund | (90) | 90 | |
| Transfer for donation from Coffee Morning to Defibrillator | (300) | 300 | |
| Redesignation of unspent funds | 88 | (88) | |
| Transfer to reflect Outward Giving donations made | |||
| Transfer to Keystone £3,500 (both Designated Funds) | |||
| Return of unused funding from People Matter | 2,000 | (2,000) | |
| Transfer to reflect agreement to give 10% of giving income | |||
| to charity | |||
| Transfer of 10% of 2021 giving to Outward Giving Fund | (21,275) | 21,275 | |
| (1,537) | 22,887 | (21,350) | |
| Note 10 Tangible Fixed Assets |
| Note 10 Tangible Fixed Assets | |||||
|---|---|---|---|---|---|
| Plant & | Office | Fixtures & | |||
| Property | Equipment | equipment | Fittings | Total | |
| £ | £ | £ | £ | £ | |
| Valuation/ Cost | |||||
| As at 1 January 2021 | 300,000 | 12,143 | 5,935 | 21,936 | 340,014 |
| Additions | - | 22,559 | - | - | 22,559 |
| As at 31 December 2021 | 300,000 | 34,702 | 5,935 | 21,936 | 362,573 |
| Depreciation | |||||
| As at 1 January 2021 | - | 2,909 | 5,775 | 21,472 | 30,156 |
| Charge for the year | - | 6,940 | 40 | 116 | 7,096 |
| As at 31 December 2021 | - | 9,849 | 5,815 | 21,588 | 37,252 |
| Net Book Value | |||||
| As at 31 December 2021 | 300,000 | 24,853 | 120 | 348 | 325,321 |
| As at 31 December 2020 | 300,000 | 9,234 | 160 | 464 | 309,858 |
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 17 below regarding the lease.
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DocuSign Envelope ID: E0693871-8A9D-4E6B-A828-264930771B21
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2021
Note 11 Debtors and prepayments
| Note 11 Debtors and prepayments | ||
|---|---|---|
| Debtors Other debtors VAT recoverable Trade debtors Prepayments and accrued income |
Unrestricted Funds Designated Funds Restricted Funds Total 2021 £ £ £ £ 12,519 - 202 12,721 1,766 - - 1,766 402 - - 402 14,687 - 202 14,889 404 - - 404 15,091 - 202 15,293 |
Total 2020 £ 3,119 1,563 1,525 |
| 6,207 2,158 |
||
| 8,365 |
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 £16 has been | accrued (2020: | £32) | |
| Capital | Interest | Total | |
| £ | £ | £ | |
| Balance at 1 January 2021 | 923 | 8 | 931 |
| Repayments by CCC (Ops) Ltd | (899) | - | (899) |
| Interest added to capital | 24 | (24) | - |
| Interest charged in year | - | 16 | 16 |
| Write off of loan balance | (48) | - | (48) |
| Balance at 31 December 2021 | - | - | - |
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, which has been fully cleared in 2021.
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DocuSign Envelope ID: E0693871-8A9D-4E6B-A828-264930771B21
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2021
Note 14 Cash at bank and in hand
| General fund Designated funds: Children’s pastor fund Loan interest and charges Outward giving fund Keystone Coffee morning fund Lighthouse fund Car park maintenance Silvertops fund Restricted funds: Bell fund Organ fund CAP fund Children’s work fund Culture Recovery Fund Defibrillator fund Keystone Live Feed installation People Matter fund Restoration fund Youth Social Fund |
Unrestricted Funds Designated Funds Restricted Funds Total 2021 £ £ £ £ 59,502 - - 59,502 - - - - - 2,188 - 2,188 - 32,755 - 32,755 - 7,730 - 7,730 - 586 - 586 - - - - - 1,583 - 1,583 - 1,432 - 1,432 - - 3,934 3,934 - - 742 742 - - 560 560 - - 12,670 12,670 - - - - - - 300 300 - - 9,865 9,865 - - - - - - 12,508 12,508 - - 5,904 5,904 - - 3,437 3,437 59,502 46,274 49,920 155,696 |
Total 2020 £ 64,332 25 - 29,600 4,230 1,019 88 - 1,404 3,704 1,352 782 13,175 32,077 - 12,980 399 12,771 5,904 4,601 |
|---|---|---|
| 188,443 |
Note 15 Creditors falling due within one year
| Trade creditors Other creditors Accruals Bank loan repayable in one year Income received in advance |
Unrestricted Funds Designated Funds Restricted Funds Total 2021 £ £ £ £ 2,015 - - 2,015 383 - - 383 610 - - 610 9,668 - - 9,668 2,075 - - 2,075 14,751 - - 14,751 |
Total 2020 £ 886 - 630 - 3,059 |
|---|---|---|
| 4,575 |
Note 16 Creditors falling due after one year
| Bank loan repayable after one year Deferred lease (note 17) |
Unrestricted Funds Designated Funds Restricted Funds Total 2021 £ £ £ £ 15,752 - - 15,752 47,852 - - 47,852 63,604 - - 63,604 |
Total 2020 £ - 50,852 |
|---|---|---|
| 50,852 |
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DocuSign Envelope ID: E0693871-8A9D-4E6B-A828-264930771B21
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2021
Note 17 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.
| time related basis. | ||
|---|---|---|
| Balance at 1 January Release to income for the year Balance carried forward at 31 December |
2021 £ 50,852 (3,000) 47,852 |
2020 £ 53,852 (3,000) |
| 50,852 |
Note 18 Trustee remuneration and expenses
The charity trustees were not paid or received any other benefits from employment with the church in the year (2020: £nil) neither were they reimbursed expenses during the year (2020: £nil). No charity trustee received payment for professional or other services supplied to the charity (2020: £nil).
Note 19 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 17 above. During the year £3,000 (2020: £3,000) has been recognised as income and at the year end the deferred lease recognised on the balance sheet amounted to £47,852 (2020: £50,852).
During the year the Church paid rent for office space, cleaning and room hire charges of £7,747.50 (2020: £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 £Nil (2020: £931) remains outstanding and is included within current assets. During the year interest income of £16 (2020: £32) was recognised by the Church and a balance of £48 (2020: £Nil) was written off. 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 (2020: £75,000) remains due to the church and is included within current assets on the balance sheet.
Note 20 Designated Outward Giving Fund
During the year, the Outward Giving Committee distributed £18,120, including £1,500 transferred to Church run projects, (2020: £19,760 including £4,000 transferred to Church run projects) of grants to various causes in respect of the sums set aside from the prior year.
The fund balance carried forward of £32,755 (2020: £29,600) comprises the designated 10% of general fund receipts from donors (rounded up to the nearest £25; as approved by the PCC) of £21,275 plus an underspend from the prior year of £11,480 (2020: £22,875 plus an underspend from the prior year of £6,725) .
Note 21 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.
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DocuSign Envelope ID: E0693871-8A9D-4E6B-A828-264930771B21
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2021
| PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2021 |
||
|---|---|---|
| Note 22 Designated Funds Incoming Resources Receipts from Donors Income tax recovered Other collections and donations Grants received 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 be- fore transfer Net transfers between funds (note 9) Net movement in funds Funds at 1 January 2021 Funds at 31 December 2021 Represented by Fixed assets Current assets Cash at bank and in hand Net assets |
Coffee Morning Children’s Pastor Fund Car Park Re- pairs Loan Interest & Charges Keystone (Job’s Club) Lighthouse Outward Giving Silvertops Property £ £ £ £ £ £ £ £ £ - 20 - - - - - - - 1,458 80 1,750 - - - - - - - - - 3,901 - - - - - - - - - - - - 300 - 1,458 100 1,750 3,901 - - - 300 - - - - - - - 16,620 - - 1,591 130 167 1,713 - - - 272 - 1,591 130 167 1,713 - - 16,620 272 - (133) (30) 1,583 2,188 - - (16,620) 28 - (300) - - - 3,500 (88) 19,775 - - (433) (30) 1,583 2,188 3,500 (88) 3,155 28 - 1,019 30 - - 4,230 88 29,600 1,404 300,000 586 - 1,583 2,188 7,730 - 32,755 1,432 300,000 - - - - - - - - 300,000 586 - 1,583 2,188 7,730 - 32,755 1,432 - 586 - 1,583 2,188 7,730 - 32,755 1,432 300,000 |
Total £ 20 3,288 3,901 300 |
| 7,509 | ||
| 16,620 3,873 |
||
| 20,493 | ||
| (12,984) 22,887 |
||
| 9,903 336,371 |
||
| 346,274 | ||
| 300,000 46,274 |
||
| 346,274 |
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DocuSign Envelope ID: E0693871-8A9D-4E6B-A828-264930771B21
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2021
Note 22 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.
Car Park Repairs - Funds set aside towards planned maintenance of the car park.
Loan Interest and To support the church through the effects of the pandemic the Church has taken out a bank loan Charges - which provided grant funding as part of the arrangement. Part of this loan funding has been set aside to cover the finance costs of the loan element of the funding.
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.
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DocuSign Envelope ID: E0693871-8A9D-4E6B-A828-264930771B21
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2021
| Note 23 Restricted Funds Incoming Resources Receipts from Donors Other collections and donations Income tax recovered Grants received Total restricted fund income Resources Expended Church Activities Services and other activities Total resources expended on restricted funds Net incoming/(outgoing) resources before transfer Net transfers between funds Net movement in funds Funds at 1 January 2020 Funds at 31 December 2021 Represented by: Current assets Debtors Cash at bank and in hand Net assets |
Bell Fund CAP Fund Children’s Work Grant Culture Recovery Fund Defibrilla- tor Fund Keystone Live Feed Installa- tion Organ Fund People Matter Fund Repairs and Mainte- nance Restora- tion Fund Youth So- cial Trips Fund Total £ £ £ £ £ £ £ £ £ £ £ £ £ 122 - - - - 1,260 3 - 2,588 1,100 - - 5,073 24 - - - - 194 - - 444 - - - 662 - - 500 5,200 - 12,768 - - 5,222 - - - 23,690 |
|---|---|
| 146 - 500 5,200 - 14,222 3 - 8,254 1,100 - - 29,425 |
|
| 6 222 1,005 17,939 - 17,274 - 610 6,830 1,100 - 1,164 46,150 |
|
| 6 222 1,005 17,939 - 17,274 - 610 6,830 1,100 - 1,164 46,150 |
|
| 140 (222) (505) (12,739) - (3,052) 3 (610) 1,424 - - (1,164) (16,725) 90 - - (19,338) 300 - (402) - (2,000) - - - (21,350) |
|
| 230 (222) (505) (32,077) 300 (3,052) (399) (610) (576) - - (1,164) (38,075) 3,704 782 13,175 32,077 - 12,986 399 1,352 13,217 - 5,904 4,601 88,197 |
|
| 3,934 560 12,670 - 300 9,934 - 742 12,641 - 5,904 3,437 50,122 |
|
| - - - - - 69 - - 133 - - - 202 3,934 560 12,670 - 300 9,865 - 742 12,508 - 5,904 3,437 49,920 |
|
| 3,934 560 12,670 - 300 9,934 - 742 12,641 - 5,904 3,437 50,122 |
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DocuSign Envelope ID: E0693871-8A9D-4E6B-A828-264930771B21
PAROCHIAL CHURCH COUNCIL OF ST ANDREW'S, CULLOMPTON NOTES TO THE ACCOUNTS - YEAR ENDED 31 DECEMBER 2021
Note 23 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 Work Grant | Monies received to support the activities of the Children’s Ministry. |
| 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. | |
| Defibrillator Fund | Monies received towards to purchase and maintenance of a defibrillator. |
| 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 including the appointment of a | |
| women’s worker. | |
| 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. | |
| Repairs and maintenance | This fund comprises donation and grants given towards the upkeep and maintenance of specific |
| Fund | church property and/or equipment. |
| Restoration Fund | This fund comprises donation and grants towards the upkeep and maintenance of the church |
| building. | |
| Youth Social Trips Fund - | Grants received to support activities and social trips of the Youth Ministry into 2020 and beyond. |
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