**Charity number: 1135323**
## **CROMER PAROCHIAL CHURCH COUNCIL**
## **UNAUDITED**
**TRUSTEES' REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2020**
## **CROMER PAROCHIAL CHURCH COUNCIL**
## **CONTENTS**
||Page|
|---|---|
|**Reference and administrative details of the Charity, its Trustees and advisers**|1 - 2|
|**Trustees' report**|3 - 10|
|**Independent examiner's report**|11 - 12|
|**Statement of financial activities**|13|
|**Balance sheet**|14|
|**Notes to the financial statements**|15 - 28|
## **CROMER PAROCHIAL CHURCH COUNCIL**
## **REFERENCE AND ADMINISTRATIVE DETAILS OF THE CHARITY, ITS TRUSTEES AND ADVISERS FOR THE YEAR ENDED 31 DECEMBER 2020**
Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules, and with the aim of having proportionate representation from each Sunday congregation.
During the year ended 31 December 2020, the following served as members and trustees of the PCC:
INCUMBENT Revd Will Warren
CLERGY Revd Jennie Hodgkinson, Assistant Minister
HEAD OF MISSION
Mr Simon Fenn (Licenced Lay Worker until September 2020)
CHURCH WARDENS Mr David Loades Mrs Jackie Austin
OFFICERS Mrs Mary Howard, PCC Secretary Mr Brian Wigg, PCC Treasurer (Co-opted member until November 2020) Mr R Hopkins, PCC Treasurer (from November 2020)
LICENSED READERS Mr David Masters
REPRESENTATIVES ON THE DEANERY SYNOD Miss Anne Cottingham Miss Sue Wells Mrs Mary Howard REPRESENTATIVES ON THE DIOCESAN SYNOD Mr David Orsborne Mr David Anderson
ELECTED MEMBERS Dr R Beare Dr Peter Beazley (until 30 July 2020) Mr Paddy Bennett Mrs Jill Boyle Mr Mike Brown (until Februaury 2020) Ms Anna Coghlan Mr Nathanael Dawson (Until 8 October 2020) Mr John Hodgkinson Mr R Hopkins Mrs Mary Howard Mr Ray Loten Mrs Sarah Morter (until 29 October 2020) Mr Tim Morton Mrs Alison Orsborne Mr David Orsborne Mrs Mary Pallister Mr Jon Platten Mr Simon Purslow
Page 1
## **CROMER PAROCHIAL CHURCH COUNCIL**
**Charity registered number** 1135323 **Principal office** The Church Office Cromer Parish Hall 65 Church Street Cromer NR27 9HH **Secretary** Mrs Mary Howard **Independent Examiners** Larking Gowen Chartered Accountants 43 Bull Street Holt Norfolk NR25 6HP
Page 2
## **CROMER PAROCHIAL CHURCH COUNCIL**
## **TRUSTEE'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020**
The members present their annual report together with the financial statements of the Charity for the year ended 31 December 2020. The trustees confirm that the annual report and financial statements of the charity comply with the current statutory requirements, the requirements of the charity’s governing document and the provision of the Statement of Recommended Practice (SORP), “Accounting and Reporting by Charities”.
The charity also works under the name The Parochial Church Council of the Ecclesiastical Parish of St Peter and St Paul, Cromer with St Martin’s, Cromer.
## **Objectives and activities**
## **a. Policies and objectives**
Promoting the whole mission of the church and providing events and activities of benefit to the general public in the Ecclesiastical Parish of Cromer, the local area and the wider world.
In setting objectives and planning for activities, the members have given due consideration to general guidance published by the Charity Commission relating to public benefit, including the guidance 'Public benefit: running a charity (PB2)'.
## **b. Strategies for achieving objectives**
## **Fabric Report**
This report covers, in brief terms, various works carried out to the buildings, either owned by Cromer Church, or for which the Church is responsible, during the calendar year of 2020 (as opposed to March 2020 to March 2021). Due to the effects of the Covid-10 pandemic, and the various lockdowns from March 2020, and restrictions which are still imposed, as at end of 1st week of May 2021, very little work has taken place, all buildings apart from the Parish Church being closed, and the church itself only being open for restricted use for a few months during the year. This Report does not cover day to day repair works.
## **Parish Church**
The works carried out during the year are:-
- Repair of south roof slope to Nave following storm damage late September. This was claimed against the church’s insurance. In carrying out the work it was discovered that the lead back gutter at the base of the roof, behind the parapet wall, had failed and was leaking, not related to the storm damage. This was sealed on a temporary basis, and the element of the leadwork is being replaced in May 2021.
- Repair works to the warm air heating system, due to corrosion of sections of the heater structure. Nick Claridge has spent a large amount of time during the year working with the engineers to investigate faults, most of which were as a result of corrosion to the weatherproof outer structure, access to which has provide to be difficult. Nick has continued to liaise with the manufacturers regarding replacement of the affected parts, and has succeeded in obtaining a contribution to the costs. In order to access the heater enabling works are required as regards the gas meter enclosure, some of which took place in 2020, and some will be carried out as part of the renewal work in May/June 2021.
- Health and safety – the Wardens, as part of the Fabric Leadership Team have, through the year, been working on bringing the H & S policy, with particular reference to risk assessments and method statements related to the safe use of the parish church during the periods that it was permitted to be open for worship.
- The electrical installation was subject to the required 5 yearly test, and various matters of remedial work were brought to our attention. Nick Claridge is managing the remedial works project in 2021.
- The gas boiler serving the heating to the toilets and lounge failed, and was unable to be repaired. Nick Claridge is managing the replacement of same in 2021.
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**CROMER PAROCHIAL CHURCH COUNCIL**
## **TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Objectives and activities (continued)**
- The replacement of the lighting to the church remains in the planning stage. There will be repairs carried out as part of the electrical installation remedials.
Cornerstone in the church during 2019 proved to be very successful. Although the tower was closed to visitors, it was a bonus to be able to watch the peregrine falcons bringing up their young, which added to the numbers of visitors to the cafe. It was planned to re-commence in early April 2020, but was unable to open at all in 2020 due to the restrictions.
## **St Martin’s**
Dave Walker reports as follows:-
We continue to work to maintain the building in a good state of repair by keeping on top of minor defects as they arise. We were able to carry out various improvements during the year, as follows:
- The installation of a new projection system in the church.
- The improvement of lighting in the main corridor, electric hand dryers in the toilets and a new emergency light for the main entrance.
- One heater in the church failed in October, but due to the church being closed, will be replaced in September 2021.
## **Parish Hall**
The Hall has been closed since mid March 2020, and remains closed at the present time. No work of significance was carried out. In December a community association made an attempt to have North Norfolk D.C. register the Hall as a community asset. Advice was taken from the Diocese, including the Diocesan Solicitor, which confirmed the view that such registration could detrimentally affect what could be done with the Hall in the future. The Diocesan Solicitor successfully resisted the application on behalf of the PCC.
## **17, Meadow Close**
The house is let, though a letting agent, under a shorthold tenancy, such that the house provides an income to the Church whilst it is not required for a member of the Ministry Team. It therefore remains able to be made available for a future church worker, should the need arise. Various minor works of maintenance took place, as required, and arranged by the letting agent.
## **Generally**
The overall condition of the buildings continues to be good. We are conscious of the fact that we are merely custodians ‘for the time being’ of the buildings in our care, and it is our hope to be able to pass them on to the next generation in better condition than we received them. This is, however, quite a task, taking into account the size of the buildings. The Fabric Leadership Group continues to meet quarterly to discuss the needs of our buildings in detail, and to prepare recommendations to PCC for the repairs needed to our buildings.
## Simon Purslow
## **Deanery Synod**
Deanery Synod aims to promote Mission in the Deanery. Our Deanery, Repps, extends from Mundesley to Sheringham, plus some inland rural parishes. As well as the Licensed Clergy, Cromer’s representatives on Synod are Anne Cottingham, Mary Howard and Sue Wells. David Anderson and David Orsborne as members of Diocesan Synod are ex officio members of Deanery Synod. 2020 should have been an election year but that didn’t happen because of the pandemic, therefore Cromer’s representatives have served for an extra year.
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## **CROMER PAROCHIAL CHURCH COUNCIL**
## **TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Objectives and activities (continued)**
Last autumn, Canon Christian Heycocks stepped down as Rural Dean after 6 years of wise leadership. As the Rural Dean of Holt Deanery was also standing down, the Diocese decided that Holt and Repps should work alongside each other for an experimental period. In October 2020, Revd Richard Lawry of Glaven Valley Benefice was installed as Rural Dean of Holt and Repps, with Revd Will Warren as Assistant Rural Dean. The Lay Chairs, at time of writing, continue to be Tricia Temple-Crowe (Holt) and Mary Howard (Repps).
In the last year, Synod has met twice:
- February 2020 at St Martin’s Overstrand with a presentation by the Diocesan Parish Funding Support Officer, Robert Culyer.
- January 2021 – a joint Zoom meeting with Holt Deanery, mainly devoted to getting to know each other.
In between lockdowns, on 24 September 2020, Bishop Graham was finally able to make a postponed visit to Repps Deanery. This culminated with a service at Cromer Church.
2021 is an election year and I encourage you to prayerfully consider if you might stand for Deanery Synod.
## **Mary Howard, Deanery Lay Chair**
## **Safeguarding**
Safeguarding Children, Young People and Vulnerable Adults in the Cromer Church family is of the utmost importance. PCC complies with the duty to have ’due regard’ to the House of Bishops’ guidance in relation to safeguarding, Notices are displayed in each building and the correct practices are followed.
We need to record our thanks to Rebecca Westall for her sterling work as Parish Safeguarding Officer for Children and Young People. Rebecca stood down from this role since the last APCM, which is now held by Sue Brocklehurst. Alison Orsborne still holds the role of PSO for Vulnerable Adults. The Safeguarding notices on our website have been amended appropriately.
There has been new Guidance issued for PCCs on Reporting Serious Incidents. PCC has implemented this Guidance. We have also implemented a policy which we have written to provide guidance on safeguarding during live-streaming of services. Cromer Church’s Safeguarding Policy and Safeguarding Guidelines have both been updated.
In 2020 there were 119 on our list of people with DBS clearance. In 2021 there are 117 names on the list. 24 people have come off the list for various reasons and there have been several new applications. It’s also worth noting that several people have more than one role which needs a DBS check.
## **Alison Orsborne, Parish Safeguarding Officer**
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**CROMER PAROCHIAL CHURCH COUNCIL**
## **TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Objectives and activities (continued)**
## **c. Activities undertaken to achieve objectives**
In the course of the year we have continued to provide Christian teaching, public worship (including online) and the promotion of Christian mission and outreach, when restrictions have allowed and sometimes virtually, through the provision of activities for all ages; the provision and maintenance of sacred space for prayer and contemplation; pastoral work visiting the sick and bereaved; the promotion of Christianity through events, meetings and literature; religious assemblies in schools (latterly with videos produced by the Church); the provision of youth activities with a Christian ethos; and by supporting other charities in the UK and overseas.
## **Achievements and performance**
## **a. Main achievements of the Charity**
1. Reacting appropriately to the pandemic.
2. Paying our Parish Share in full.
3. Providing Sunday Services on You Tube and weekday Morning Prayer on Facebook during the lockdowns, and thereby gaining new members of our congregation.
4. Between lockdowns, ensuring that our church buildings were safe, fogging with Zoono and having an electronic ticketing system
5. Installing equipment to livestream our services.
6. Continuing to meet as PCC via Zoom, and ratifying all decisions by email according to Church Representation Rules.
7. Continuing our programme of DBS checks for staff and volunteers.
8. Continuing to review our Health and Safety arrangements.
## **b. Trustee delegation of day to day activities**
Day to day activities are delegated to the Churchwardens, Treasurer and PCC Secretary and paid staff.
The PCC also operates through a number of other groups which meet between the full meetings of the PCC and report to PCC via formal notes taken by the PCC Secretary.
Standing and Finance – (made up of Vicar, Parish Wardens, PCC Secretary, PCC Treasurer, Assistant Minister, and two members elected from and by PCC) meets monthly or as required and has the authority to make decisions between PCC meetings if required.
Fabric Leadership Team, Children and Families Leadership Team, Youth Leadership Team, Communications Leadership Team, Finance Working Group and Mission Leadership Team – specific groups as determined by the PCC to oversee and develop specific areas of church life – responsible for taking specific action where appropriate and making recommendations to PCC on issues related to their area of concern.
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**CROMER PAROCHIAL CHURCH COUNCIL**
## **TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Financial review**
## **a. Going concern**
After making appropriate enquiries, the members have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. For this reason, they continue to adopt the going concern basis in preparing the financial statements. Further details regarding the adoption of the going concern basis can be found in the accounting policies.
## **b. Reserves policy**
Cromer Parochial Church Council has a policy of holding reserves in unrestricted funds albeit it has designated purposes for those funds. During 2018 much work was done examining transcripts of Vestry minutes held at the Norfolk Archives resulting in PCC removing the restrictions it had imposed on use of R W Clarke Bequest Fund. This fund is now unrestricted and can be used for building works. Similar work resulted in clarifying the Webb Collision bequest which has resulted in the establishing the Webb Collison Church Fund (under the control of the Vicar and Churchwardens) and the Webb Collison Poor Fund (solely under the control of the Vicar). In addition, a modest sum was received for the exclusive use of Meeting Point.
## At 31 December 2020 the reserves held were:
## Unrestricted Funds
(£10,678) – General Fund – provides support for day to day running costs
£ 48,186 – Buildings Fund – major building and renovation costs
£144,752 - R W Clarke Buildings Fund – major building works
£ 47,808 – Vision 2025 Fund – Cromer Church Vision-driven projects £ 2,391 - Mission
## Restricted Funds
£ 1,064 – Meeting Point Fund – Church club for vulnerable adults with learning difficulties
£ 5,128 – Organ Fund – maintenance of Church’s organs
£ 45,860 – Property Fund – book cost of 17 Meadow Close
£ 12,591 – Webb Collison Church Fund (V&W) – building works
£ 5,275 – Webb Collison Poor Fund (V) – gifts to the aged poor of Cromer
£ 155,639 - Project Fund - major non-building project costs
## **Financial Uncertainty**
The budget for 2021 suggests a surplus giving a modest cover should there be an excess of expenditure over income.
## **Subsidiary Undertakings**
There are no subsidiary undertakings.
## **Pensions**
Cromer PCC is responsible to ensure that eligible employees participate in a ‘work-place” pension arrangement whereby both the employee and PCC make contributions out of earnings. The PCC currently contributes to two schemes on behalf of staff and is obliged to disclose information in its statutory accounts.
## Church Workers Pension Fund (CWPF) - 31 December 2020
Cromer PCC participates in the Pension Builder Scheme section of CWPF for three of its lay staff. The Scheme is administered by the Church of England Pensions Board, which holds the assets of the schemes separately
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**CROMER PAROCHIAL CHURCH COUNCIL**
## **TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
from those of the Employer and the other participating employers.
The Church Workers Pension Fund has a cash balance section known as Pension Builder 2014.
## Pension Builder Scheme
Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. This account may have bonuses added by the Board before retirement. The bonuses depend on investment experience and other factors. There is no requirement for the Board grant any bonuses. The account, plus any bonuses declared, is payable from members’ Normal Pension Age.
There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The scheme is a multi-employer scheme as described in Section 28 of FRS 102 as it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers. This means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are contributions payable of £3,354 (2019: £2,990).
A valuation of the Pension Builder Scheme is carried out once every three years. The most recent was carried out as at 31 December 2016.
For the Pension Builder 2014 section, the valuation revealed a surplus of £1.8m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.
The legal structure of the scheme is such that if another employer fails, Cromer PCC could become responsible for paying a share of that employer’s pension liabilities.
## **St James Place Wealth Management**
One member of staff has a different arrangement to other staff with St James Place Wealth Management. This a complex arrangement whereby, in return for ‘salary sacrifice’, the PCC contributes to a personal pension in the name of this staff member which by its nature is a defined contribution scheme. The pension costs charged to the SOFA in the year are contributions payable of £2,859 (2019 - £4,473). The staff member makes direct contributions to the personal pension outside the PCC’s accounts.
## **Structure, governance and management**
## **a. Constitution**
Cromer Parochial Church Council is a registered charity, number 1135323, and is constituted under a Trust deed.
## **b. Methods of appointment or election of Trustee**
The management of the Charity is the responsibility of the members who are elected and co-opted under the terms of the trust deed and in accordance with the Church Representation Rules.
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**CROMER PAROCHIAL CHURCH COUNCIL**
## **TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Structure, governance and management (continued)**
## **c. Committees**
The PCC also operated through a number of other groups which met between the full meetings of the PCC and reported to PCC via formal notes taken by the PCC Secretary. Because of the pandemic, meetings were conducted via Zoom and leadership teams did not meet from February onwards.
Standing and Finance – (made up of Vicar, Parish Wardens, PCC Secretary, PCC Treasurer, Assistant Minister, and two members elected from and by PCC) meets monthly or as required and has the authority to make decisions between PCC meetings if required.
Fabric Leadership Team, Children and Families Leadership Team, Youth Leadership Team, Communications Leadership Team, Finance Working Group and Mission Leadership Team – specific groups as determined by the PCC to oversee and develop specific areas of church life – responsible for taking specific action where appropriate and making recommendations to PCC on issues related to their area of concern
## **d. Charity Status**
The PCC is a registered charity, number 01135323. Registration took place on 30 March 2010.
## **e. Church Attendance**
As at 18th April 2020 the Electoral Roll stood at 296. Of the 296 on the Electoral Roll
- 192 are female and 104 male
- 210 live in the parish and 86 do not live in the parish
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**CROMER PAROCHIAL CHURCH COUNCIL**
## **TRUSTEE'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Statement of Trustee's responsibilities**
The members are responsible for preparing the Trustee's report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the members to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the Charity and of its incoming resources and application of resources, including its income and expenditure, for that period. In preparing these financial statements, the members are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles of the Charities SORP (FRS 102);
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards (FRS 102) have been followed, subject to any material departures disclosed and explained in the financial statements;
- prepare the financial statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in business.
The members are responsible for keeping adequate accounting records that are sufficient to show and explain the Charity's transactions and disclose with reasonable accuracy at any time the financial position of the Charity and enable them to ensure that the financial statements comply with the Charities Act 2011, the Charity (Accounts and Reports) Regulations 2008 and the provisions of the Trust deed. They are also responsible for safeguarding the assets of the Charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by order of the members of the board of members and signed on their behalf by:
................................................
## **Revd Will Warren**
Date:
Page 10
## **CROMER PAROCHIAL CHURCH COUNCIL**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Independent examiner's report to the Trustee of Cromer Parochial Church Council ('the Charity')**
I report to the charity Trustee on my examination of the accounts of the Charity for the year ended 31 December 2020.
## **Responsibilities and basis of report**
As the Trustee of the Charity you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the 2011 Act').
I report in respect of my examination of the Charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.
## **Independent examiner's statement**
Since the Charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
Your attention is drawn to the fact that the Charity has prepared the accounts in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has been withdrawn.
I understand that this has been done in order for the accounts to provide a true and fair view in accordance with the Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.
I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Charity as required by section 130 of the 2011 Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a 'true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
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## **CROMER PAROCHIAL CHURCH COUNCIL**
## **INDEPENDENT EXAMINER'S REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020**
This report is made solely to the Charity's Trustee, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. My work has been undertaken so that I might state to the Charity's Trustee those matters I am required to state to them in an Independent examiner's report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the Charity and the Charity's Trustee as a body, for my work or for this report.
Signed:
Dated:
Christopher Yeates FCA DCLA
Larking Gowen LLP Chartered Accountants 43 Bull Street Holt Norfolk NR25 6HP
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## **CROMER PAROCHIAL CHURCH COUNCIL**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
|**Note**
**Income from:**
Donations and legacies
3
Charitable activities
4
Other trading activities
5
Investment income
6
Other income
7
**Total income**
**Expenditure on:**
Charitable activities
**Total expenditure**
**Net income/(expenditure) before net**
**gains on investments**
Net gains on investments
**Net movement in funds**
**Reconciliation of funds:**
Total funds brought forward
Net movement in funds
**Total funds carried forward**|**Restricted**
**funds**
**2020**
**£**
**27,649**
**-**
**-**
**-**
**2,186**
**29,835**
**13,223**
**13,223**
**16,612**
**-**
**16,612**
**208,945**
**16,612**
**225,557**|**Unrestricted**
**funds**
**2020**
**£**
**200,924**
**4,139**
**17,666**
**1,719**
**30,786**
**255,234**
**266,278**
**266,278**
**(11,044)**
**2,350**
**(8,694)**
**241,154**
**(8,694)**
**232,460**|**Total**
**funds**
**2020**
**£**
**228,573**
**4,139**
**17,666**
**1,719**
**32,972**
**285,069**
**279,501**
**279,501**
**5,568**
**2,350**
**7,918**
**450,099**
**7,918**
**458,017**|_Total_
_funds_
_2019_
_£_
_215,122_
_2,908_
_91,063_
_9,440_
_1,951_
_320,484_
_365,276_
_365,276_
_(44,792)_
_2,369_
_(42,423)_
_492,522_
_(42,423)_
_450,099_|
|---|---|---|---|---|
The Statement of financial activities includes all gains and losses recognised in the year.
The notes on pages 15 to 28 form part of these financial statements.
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## **CROMER PAROCHIAL CHURCH COUNCIL**
## **BALANCE SHEET AS AT 31 DECEMBER 2020**
|**Note**
**Fixed assets**
Tangible assets
11
Investments
12
**Current assets**
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within one
year
14
**Net current assets**
**Total assets less current liabilities**
**Total net assets**
**Charity funds**
Restricted funds
15
Unrestricted funds
15
**Total funds**|**2,947**
**431,595**
**434,542**
**(37,321)**|**2020**
**£**
**60,796**
**-**
**60,796**
**397,221**
**458,017**
**458,017**
**225,557**
**232,460**
**458,017**|_2,824_
_361,307_
_364,131_
_(31,330)_|_2019_
_£_
_57,984_
_59,314_|
|---|---|---|---|---|
|||||_117,298_
_332,801_|
|||||_450,099_|
||||||
|||||_450,099_|
|||||_208,945_
_241,154_|
||||||
|||||_450,099_|
The financial statements were approved and authorised for issue by the Trustee and signed on their behalf by:
Revd Will Warren Date:
The notes on pages 15 to 28 form part of these financial statements.
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**CROMER PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1. General information**
Cromer Parochial Church Council is a registered charity, number 1135323. Registration took place on 30 March 2010. The registered office for the charity is Cromer Parish Hall, 65 Church Street, Cromer, NR27 9HH. The charity is governed by the Parochial Church Council Powers Measure (1956) as Amended and Church Represention Rules. The charity also works under the name The Parochial Church Council of the Ecclesiastical Parish of St Peter & St Paul, Cromer with St Martins Cromer.
## **2. Accounting policies**
## **2.1 Basis of preparation of financial statements**
The financial statements have been prepared in accordance with the Charities SORP (FRS 102) - Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019), the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) and the Charities Act 2011.
The financial statements have been prepared to give a 'true and fair' view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a 'true and fair' view. This departure has involved following the Charities SORP (FRS 102) published in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
Cromer Parochial Church Council meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy.
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**CROMER PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **2. Accounting policies (continued)**
## **2.2 Income**
All income is recognised once the Charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.
The recognition of income from legacies is dependent on establishing entitlement, the probability of receipt and the ability to estimate with sufficient accuracy the amount receivable. Evidence of entitlement to a legacy exists when the Charity has sufficient evidence that a gift has been left to them (through knowledge of the existence of a valid will and the death of the benefactor) and the executor is satisfied that the property in question will not be required to satisfy claims in the estate. Receipt of a legacy must be recognised when it is probable that it will be received and the fair value of the amount receivable, which will generally be the expected cash amount to be distributed to the Charity, can be reliably measured.
Grants are included in the Statement of financial activities on a receivable basis. The balance of income received for specific purposes but not expended during the period is shown in the relevant funds on the Balance sheet. Where income is received in advance of entitlement of receipt, its recognition is deferred and included in creditors as deferred income. Where entitlement occurs before income is received, the income is accrued.
Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.
Income tax recoverable in relation to investment income is recognised at the time the investment income is receivable.
Other income is recognised in the period in which it is receivable and to the extent the goods have been provided or on completion of the service.
Page 16
**CROMER PAROCHIAL CHURCH COUNCIL**
**NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **2. Accounting policies (continued)**
## **2.3 Expenditure**
Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use.
Expenditure on charitable activities is incurred on directly undertaking the activities which further the Charity's objectives, as well as any associated support costs.
All expenditure is inclusive of irrecoverable VAT.
## **2.4 Tangible fixed assets and depreciation**
Tangible fixed assets costing £1,000 or more are capitalised and recognised when future economic benefits are probable and the cost or value of the asset can be measured reliably.
Tangible fixed assets are initially recognised at cost. After recognition, under the cost model, tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. All costs incurred to bring a tangible fixed asset into its intended working condition should be included in the measurement of cost.
Depreciation is charged so as to allocate the cost of tangible fixed assets less their residual value over their estimated useful lives, .
Depreciation is provided on the following basis:
Freehold property - Held at historical cost Fixtures and fittings - 25% Reducing balance
## **2.5 Debtors**
Trade and other debtors are recognised at the settlement amount after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **2.6 Cash at bank and in hand**
Cash at bank and 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.
Page 17
**CROMER PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **2. Accounting policies (continued)**
## **2.7 Liabilities and provisions**
Liabilities are recognised when there is an obligation at the Balance sheet date as a result of a past event, it is probable that a transfer of economic benefit will be required in settlement, and the amount of the settlement can be estimated reliably.
Liabilities are recognised at the amount that the Charity anticipates it will pay to settle the debt or the amount it has received as advanced payments for the goods or services it must provide.
Provisions are measured at the best estimate of the amounts required to settle the obligation. Where the effect of the time value of money is material, the provision is based on the present value of those amounts, discounted at the pre-tax discount rate that reflects the risks specific to the liability. The unwinding of the discount is recognised in the Statement of financial activities as a finance cost.
## **2.8 Fund accounting**
Unrestricted funds comprise unrestricted funds that have been set aside by the Members for particular purposes. The aim and use of each designated fund is set out in the notes to the financial statements.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by donors or which have been raised by the Charity for particular purposes. The costs of raising and administering such funds are charged against the specific fund. The aim and use of each restricted fund is set out in the notes to the financial statements.
Investment income, gains and losses are allocated to the appropriate fund.
Page 18
## **CROMER PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **3. Income from donations and legacies**
|Collections and other givings
Legacies
Donations with gift Aid
Income tax recovered
_Total 2019_|**Restricted**
**funds**
**2020**
**Unrestricted**
**funds**
**2020**
**£**
**£**
15,124
31,183
12,525
-
-
138,962
-
30,779
27,649
200,924
_1,909_
_213,213_|**Total**
**funds**
**2020**
**£**
**46,307**
**12,525**
**138,962**
**30,779**
**228,573**
_215,122_|_Total_
_funds_
_2019_
_£_
_52,246_
_-_
_132,138_
_30,738_|
|---|---|---|---|
||||_215,122_|
|||||
## **4. Income from charitable activities**
|VAT recovered
_Total 2019_|**Restricted**
**funds**
**2020**
**Unrestricted**
**funds**
**2020**
**£**
**£**
-
4,139
_995_
_1,913_|**Total**
**funds**
**2020**
**£**
**4,139**
_2,908_|_Total_
_funds_
_2019_
_£_
_2,908_|
|---|---|---|---|
|||||
Page 19
**CROMER PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **5. Income from other trading activities**
## **Income from fundraising events**
|Rent
Bookstall
Cornerstone
Peregrines
_Total 2019_|**Restricted**
**funds**
**2020**
**Unrestricted**
**funds**
**2020**
**£**
**£**
-
12,986
-
2,100
-
80
-
2,500
-
17,666
_2,699_
_88,364_|**Total**
**funds**
**2020**
**£**
**12,986**
**2,100**
**80**
**2,500**
**17,666**
_91,063_|_Total_
_funds_
_2019_
_£_
_31,259_
_17,838_
_39,267_
_2,699_|
|---|---|---|---|
||||_91,063_|
|||||
## **6. Investment income**
|Income from investments
_Total 2019_|**Restricted**
**funds**
**2020**
**Unrestricted**
**funds**
**2020**
**£**
**£**
-
1,719
_7_
_9,433_|**Total**
**funds**
**2020**
**£**
**1,719**
_9,440_|_Total_
_funds_
_2019_
_£_
_9,440_|
|---|---|---|---|
|||||
Page 20
## **CROMER PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **7. Other incoming resources**
|Business Support grant
Covid Job Retention Scheme grant
Towe fees
**Total 2020**
_Total 2019_|**Restricted**
**funds**
**2020**
**£**
-
2,186
-
2,186
_-_|**Unrestricted**
**funds**
**2020**
**£**
10,000
18,292
2,494
30,786
_1,951_|**Total**
**funds**
**2020**
**£**
**10,000**
**20,478**
**2,494**
**32,972**
_1,951_|_Total_
_funds_
_2019_
_£_
_-_
_-_
_1,951_|
|---|---|---|---|---|
|||||_1,951_|
||||||
## **8. Analysis of expenditure by activities**
|Restricted
Unrestricted
**Total 2020**
_Total 2019_|**Activities**
**undertaken**
**directly**
**2020**
**£**
13,223
263,940
277,163
_362,976_|**Governance**
**costs**
**2020**
**£**
-
2,338
2,338
_2,300_|**Total**
**funds**
**2020**
**£**
**13,223**
**266,278**
**279,501**
_365,276_|_Total_
_funds_
_2019_
_£_
_20,655_
_344,621_|
|---|---|---|---|---|
|||||_365,276_|
||||||
Page 21
**CROMER PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **8. Analysis of expenditure by activities (continued)**
## **Analysis of direct costs**
|Parish share
Meadow Close running costs
DBS checks
Vision
Donations and fees
Church running expenses
Clergy expenses
Worship
Hall expenses
Repairs & maintenance
Church workers
Parish activities
Courses
Printing & stationery
Bookstall running costs
Kitchen running expenses
Recital expenses
Cornerstone running expenses
Redundancy costs
Depreciation
Consultancy fees
_Total 2019_|**Restricted**
**2020**
**Unrestricted**
**2020**
**£**
**£**
-
100,000
-
2,131
-
215
-
-
-
1,029
-
21,729
-
646
-
1,167
-
7,152
4,440
7,542
3,801
75,205
-
3,138
-
130
-
8,190
-
3,323
-
1,332
-
-
-
428
-
23,478
4,982
-
-
7,105
13,223
263,940
_20,655_
_342,321_|**Total**
**funds**
**2020**
**£**
**100,000**
**2,131**
**215**
**-**
**1,029**
**21,729**
**646**
**1,167**
**7,152**
**11,982**
**79,006**
**3,138**
**130**
**8,190**
**3,323**
**1,332**
**-**
**428**
**23,478**
**4,982**
**7,105**
**277,163**
_362,976_|_Total_
_funds_
_2019_
_£_
_100,000_
_1,736_
_683_
_13,975_
_23,551_
_23,586_
_4,506_
_7,052_
_8,974_
_40,060_
_87,187_
_10,153_
_580_
_8,098_
_10,411_
_1,744_
_2,428_
_14,210_
_-_
_4,042_
_-_|
|---|---|---|---|
||||_362,976_|
|||||
Wages costs are shown under Church workers, and no employees earn over £60,000. The average number of staff in the year is 4 (2019: 4)
During the year redundancy payments of £23,478 (2019: £Nil) and no non-contractual severance payments have been made.
Page 22
**CROMER PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **8. Analysis of expenditure by activities (continued)**
## **Analysis of support costs**
|**Unrestricted**
**2020**
**£**
Accountancy
2,338
_Total 2019_
_2,300_|**Total**
**funds**
**2020**
**£**
**2,338**
_2,300_|_Total_
_funds_
_2019_
_£_
_2,300_|
|---|---|---|
||||
## **9. Independent examiner's remuneration**
The independent examiner's remuneration amounts to an independent examiner fee of £2,338 ( _2019_ - _£2,300_ ).
## **10. Trustee's remuneration and expenses**
During the year, no Trustees received any remuneration or other benefits _(2019 - £NIL)_ .
During the year ended 31 December 2020, no Trustee expenses have been incurred _(2019 - £NIL)_ .
Page 23
**CROMER PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **11. Tangible fixed assets**
|**Cost or valuation**
At 1 January 2020
Additions
At 31 December 2020
**Depreciation**
At 1 January 2020
Charge for the year
At 31 December 2020
**Net book value**
At 31 December 2020
_At 31 December 2019_
**12.**
**Fixed asset investments**
At 1 January 2020
Disposals
**Net book value**
_At 31 December 2019_
All the fixed asset investments are held in the UK.|**Freehold**
**property**
**£**
**45,860**
**-**
**45,860**
**-**
**-**
**-**
**45,860**
_45,860_|**Fixtures and**
**fittings**
**£**
**34,259**
**7,794**
**42,053**
**22,135**
**4,982**
**27,117**
**14,936**
_12,124_|**Total**
**£**
**80,119**
**7,794**
**87,913**
**22,135**
**4,982**
**27,117**
**60,796**
_57,984_
**Listed**
**investments**
**£**
**59,314**
**(59,314)**
_59,314_|
|---|---|---|---|
Page 24
**CROMER PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **13. Debtors**
|**Due within one year**
Trade debtors
Prepayments and accrued income|**2020**
**£**
**2,488**
**459**
**2,947**|_2019_
_£_
_2,196_
_628_|
|---|---|---|
||||
|||_2,824_|
## **14. Creditors: Amounts falling due within one year**
|Trade creditors
Accruals and deferred income|**2020**
**£**
**20,594**
**16,727**
**37,321**|_2019_
_£_
_26,996_
_4,334_|
|---|---|---|
||||
|||_31,330_|
Page 25
**CROMER PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **15. Statement of funds**
## **Statement of funds - current year**
|**Unrestricted funds**
General Funds - all funds
**Restricted funds**
Webb Collison Church Fund
Webb Collison Poor Fund
Property
Organ
Meeting Point
Project
**Total of funds**|**Balance at 1**
**January**
**2020**
**£**
**241,154**
**18,381**
**5,275**
**45,860**
**6,855**
**940**
**131,634**
**208,945**
**450,099**|**Income**
**£**
**255,234**
**-**
**-**
**-**
**2,186**
**124**
**27,525**
**29,835**
**285,069**|**Expenditure**
**£**
**(266,278)**
**(5,790)**
**-**
**-**
**(3,913)**
**-**
**(3,520)**
**(13,223)**
**(279,501)**|**Gains/**
**(Losses)**
**£**
**2,350**
**-**
**-**
**-**
**-**
**-**
**-**
**-**
**2,350**|**Balance at**
**31**
**December**
**2020**
**£**
**232,460**|
|---|---|---|---|---|---|
||||||**12,591**
**5,275**
**45,860**
**5,128**
**1,064**
**155,639**|
||||||**225,557**|
||||||**458,017**|
Web Collison Church Fund represents funds in relation to the building works.
Web Collison Poor Fund represents donations to provide gifts to the aged poor of Cromer.
Property Fund represents amounts in relation to the original cost of the property purchased at 17 Meadow Close.
Organ Fund represents donations in relation to the maintenance of the Church's organ.
Meeting Point Fund represents donations in relation to the church club for the vulnerable adults with learning difficulties.
Project Fund represents the donations in respect of major non building projects.
Page 26
**CROMER PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **15. Statement of funds (continued)**
## **Statement of funds - prior year**
|**Unrestricted**
**funds**
General Funds -
all funds
**Restricted**
**funds**
Webb Collison
Church Fund
Webb Collison
Poor Fund
Property
Organ
Meeting Point
Project
**Total of funds**|_Balance at_
_1 April 2019_
_£_
_403,122_
_20,707_
_5,273_
_45,860_
_16,652_
_908_
_-_
_89,400_
_492,522_|_Income_
_£_
_314,874_
_5_
_2_
_-_
_3,993_
_1,610_
_-_
_5,610_
_320,484_|_Expenditure_
_£_
_(344,621)_
_(2,331)_
_-_
_-_
_(13,790)_
_(1,578)_
_(2,956)_
_(20,655)_
_(365,276)_|_Transfers_
_in/out_
_£_
_(134,590)_
_-_
_-_
_-_
_-_
_-_
_134,590_
_134,590_
_-_|_Gains/_
_(Losses)_
_£_
_2,369_
_-_
_-_
_-_
_-_
_-_
_-_
_-_
_2,369_|_Balance at_
_31_
_December_
_2019_
_£_
_241,154_|
|---|---|---|---|---|---|---|
|||||||_18,381_
_5,275_
_45,860_
_6,855_
_940_
_131,634_|
|||||||_208,945_|
|||||||_450,099_|
Page 27
## **CROMER PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **16. Analysis of net assets between funds**
## **Analysis of net assets between funds - current period**
|Tangible fixed assets
Current assets
Creditors due within one year
**Total**
**Analysis of net assets between funds - prior period**
Tangible fixed assets
Fixed asset investments
Current assets
Creditors due within one year
**Total**|**Restricted**
**funds**
**2020**
**Unrestricted**
**funds**
**2020**
**£**
**£**
45,860
14,936
179,697
254,845
-
(37,321)
225,557
232,460
_Restricted_
_funds_
_2019_
_Unrestricted_
_funds_
_2019_
_£_
_£_
_45,860_
_12,124_
_-_
_59,314_
_163,085_
_201,046_
_-_
_(31,330)_
_208,945_
_241,154_|**Total**
**funds**
**2020**
**£**
**60,796**
**434,542**
**(37,321)**
**458,017**
_Total_
_funds_
_2019_
_£_
_57,984_
_59,314_
_364,131_
_(31,330)_
_450,099_|
|---|---|---|
## **17. Related party transactions**
The Charity has not entered into any related party transaction during the year, nor are there any outstanding balances owing between related parties and the Charity at 31 December 2020.
Page 28