2020-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Saint Paul, Marton, Blackpool

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Vicar’s Report APCM May 30, 2021 – Trinity Sunday

VICAR’S REPORT

I don’t think any of us at the previous APCM thought that I’d once again to begin the meeting with the words that we should keep the meeting as short as possible because of the need to stay Covid secure.

I think it’s a bit of an understatement to say “What a year it’s been.”

There has been many stresses and strains put on all of us, and we’ve had to adapt to doing quite a few things differently. And some of us have had to learn how to do things that we never thought we would have to do.

So I’m going to say “thank you” to you all. Because we do have anything to be thankful for. Thank you

to those of you who have come back to church
those of you who have been patient and understanding about the way we have to operate in these times
those of you who have carried on cleaning
those of you who have passed on information when somebody is not well going to hospital those who helped put the Lent and holy week packs together so that we could feel we were doing something together even though we were technically apart
to the churchwardens who have faced their own personal difficulties and challenges in the last year. And on a personal thank you from me for their support.
Thank you to the PCC, although we’ve not been able to meet has often as we would like to we have tried PCC via zoom.
Thank you to Marianne for what she’s done in the last four years getting our safeguarding action plan on track, so that now as she is standing down she leaves the safeguarding records an action plan in as top-notch condition as it can be and ready to hand over.
Thank you to Beth who somehow manages to present the accounts in a way that even I can understand.

Thank you to those who have decorated the church provided flowers, and those moments of “oh wow” when you enter the church.
Thank you to Jacqui who has sung solo during communion.
If I forgot to thank anyone I apologise. Yes I have, Ian. Thank you for not only your role as secretary both for the PCC and for correspondence, but being someone I can talk liturgy and theology with.

I have to say that personally this year has been difficult for me. I had to try and cope with the different advice I was getting regarding keeping the church Covid secure. Sometimes this information didn’t reach me until 48 hours before something was happening and things that I had planned had to be dropped and I had to try and put things together at short notice.

And of course towards the end of the year two of us here came down with Covid 19-- myself and Steve. Unfortunately Covid has left me with some problems that may take me a while to get over. I also had to deal with the prospect that my cancer had returned as since Easter last year I have had to cope with some worrying symptoms. And then I got the notification from the NHS that I was in the clinically vulnerable group and needed to shield. So I had to devise a service in could take, and he led them very well. I have to say that I absolutely trust him. So yes there has been times when I’ve not been on top of things and I apologise for that.

Coronavirus. There have been many times when I’ve been torn between doing things that are best practice and what we could get away with. I realise that some people have thought I may be overprotective, overanxious, over reactive, but I have to be governed by best practice and Christ command to love my neighbour. Indeed every one of us here, should be governed by that and not by pressure from family and friends to “just get away with it”. Because our getting away with it could’ve mean that someone else we might not even know ends up as a coronavirus death statistic. Sometimes that means I’ve had to choose actions and make decisions that bring me into conflict with the thoughts and frustrations of others. And there has been the continual fear of “what if I do something, or don’t do

something, and that action or inaction leads to people catching coronavirus, becoming seriously ill, or die.” And then I would have to live with that for the rest of my life.

Right, now I can move on to more uplifting things.

I have begun a course called Launchpad, which looks at youth and children’s work. The one thing I have learnt is not to expect to have big events which we might rely on solve the problem of a lack of children and young people. We had been approached by a rainbow leader asking if we could facilitate their small group meeting at St Paul’s. However after a few weeks she contacted me and informed me that she was now been amalgamated with another district and wouldn’t now be out of come here. But some of us are going to try and use an opportunity that may be coming about to approach other uniformed organisations. Whatever we do, we can’t do less we really pray about it first; pray earnestly, pray honestly, pray with the desire to do all we can to touch the lives of young people, and that may mean looking at ourselves and realising that some of our attitudes might actually be stumbling blocks.

One of the highlights of last year for me, and I think for many of us, was the Outdoor carol service, especially as we couldn’t have our traditional carol service. And “yes” we will be doing that again this year, alongside our normal carol service.

Financially, we’ve had to make some difficult decisions, that in one instance brought our bank balance to a precariously low level, but we trusted that somehow God would see us through. The diocese recognised our efforts in keeping costs down and not spending extravagantly or on anything unnecessary. So much so that because we still somehow managed to meet our parish share requirements they wrote off 1/3 of our historic debt. And I’m grateful to those who managed to keep the regular giving going, and those who unknown to most of us spent their own money to enable us to do certain things.

The virtual Summer Fair was such a success that we raised more money doing it that way than at our usual style of Fair. It was a lot work for Steve and Beverley, but the money we raised

and along with certain amounts of private donations last summer managed to keep the church afloat, especially with the unexpected expense we had regarding the smoke detectors.

Both Steve and I have been on a very steep learning curve with regards to technology. I learned how to create worship videos in which I celebrated communion at home, and then I try to upload these onto Facebook. Unfortunately a combination of having quite a slow broadband upload speed, and Facebook having an even slower upload speed meant that I could be up to 3 or 4 o’clock in the morning to make sure that these videos were posted.

Then Steve and I made the decision that I was going to come into church during that second lockdown period to celebrate communion, which he would livestream. Of course the ideal is that we worship in person together. However this was not possible at that time and I know many people appreciated the effort that Steve and I went to and we would get people watching that normally wouldn’t come through our doors. I realise that some people couldn’t engage with the live streaming for one reason or another, but we should celebrate the fact that this church was still able to reach out with its worship. Steve and I have had to adapt and try out various combinations of technology, some of which failed spectacularly, and some of which has worked better than we expected especially given the extent they were cobbled together, more by luck than judgement. We don’t know what will happen in the future with live streaming. We have a decision to make about whether we continue to live stream when we are no longer limited by coronavirus restrictions.

Cornelius and Marianne have cracked on with their evangelism course at mPower, which is just about over, and it’s been wonderful to see the growth and commitment in them as they explore their calling to a designated ministry. I’m looking forward to learning about their ideas which will be developing and coming to fruition over the summer. These are going to help us to think about our discipleship by deepening our prayer lives, individually and corporately. I know I keep using the phrase, and I will unashamedly use it again, but there are so many people in our parish who do not know how much God

loves them. It’s our job, both mine and yours to enable them to be embraced by that love. And Cornelius and Marianne will help us develop ways to do that. Please do give them your support.

One of the good things that come out of Marianne’s efforts have been the establishment of a Wednesday morning prayer group. Holy Communion used to be celebrated at 10 o’clock on Wednesday morning, but it was getting to the point where there would be one or two people only at that service. Now we’ve been able to go online and meet together we have between 10 to 12 people joining together in prayer and having a chat and a laugh afterwards. So we made the decision that that will continue. It’s something I value greatly because it means that I can worship without having to lead the worship, and that is a great treat for me.

When I am once able again to have people in my home I will be reintroducing the Tuesday evening communion service at the vicarage. The service that Ian leads on a Friday will become permanent, and hopefully once again when we can meet together and eat together there may be opportunities for sharing a simple lunch after the worship.

One of the first things I want to do when we can meet together again is to call a meeting for everyone that was involved in the listening skills they we did at St Thomas’s, and those who would be interested in helping “Chatty Café” up and running.

Yes, dear friends, it’s been a strange year. But we have many things to celebrate. We have a God who loves us and cares for us, desires the best for us and has been faithful to us. The most important thing we have to celebrate is that we have been able to come together in one form or another and worship him. And let’s not forget, that we are created to worship God and that the first commandment from Jesus is to “love the Lord your God with all your heart, with all your soul, with all your mind, and with all your strength.’

If we do this, then God will be faithful to us.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THEYEAR ENDED 31 DECEIABER 2020 Charity registratlon number 1136687

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL LEGAL AND ADMINISTRATWE INFORMATION Alembers Of The Parochial Church Council Mrs K Montgomery Mr l Rushlon Mrs B Clew5 Mrs A Giller hAr S Vvhitworth Ms J Cookson Mrs O Emery Ms J Riding Mrs P Boak Reverer)d L Tomkinson Mr C Asghar (appointed 25.10.20) rs M Collier-Brown Mr K Oldfield Reverend L Alkins Mr G Jones lappoinled 25.10.201 Mrs J Jones (appointed 25.10.20) Charity number 1135887 Independent examiner Champion Accountants LLP Unit 2 Olympic Court Imiilehills Business Park Blackpool Lancashire FY4 5GU

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL CONTENTS Page Parothial ChurGh Council Members, report Independent examineT'S report statement of finÉnci31 activities Balance sheet Notes to the financial statements 7-17

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON. BLACKPOOL PAROCHIAL CHURCH COUNCIL MEMBERS. REPORT FOR THE YEAR ENDED 31 DECEMBER 2020 The Members of the Parochial Church Council present Iheii repDrt and financial statements foT the year ended 31 December 2020. The financial statements have been prepared in accordance wlh the accounting policies sèt out in note I 10 the financFal statements and comply th the charty's Constitution, Ihe Charities Acl 2011 and"Accounllng and Reporting by Charities.. Stslement of Recommended Practice applicable lo charities preparing their accounts in accordance wlh the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102}° las arnended lor accounting periods commencing from 1 JanJary 20161 Objectives and activities The objects of the church are to provide a place of woship for the community wlhin the parish boundaries of Marton, Sl Paul, and lo provide funeral. baptism and wedding funcb.ans as required by the communty within those boundaries. The lrtembers of the Parochial Church Council have paid due regard lo guidance issued by the Charity Commission in deciding what activities the charity shotjld undertake. The activilies of the church during the year have been as stated above. Achlévements and performance Details of the achievements and performanté of the church aTe Lletsiled in the appended Chairs Report. Firhanclal review The effects of the Covid pandemic have had significant consequences c>n the church finances due lo closures and k>wer attendan¢e numbers. The PCC has therefore reduGed expenditure lo a minimum during the year, and only essential costs have been incLÉrred. The PCC made payments towards the reduced Parish sha during the year where po55ible, bul there are still substantial historic arTears. The PCC continue lo rely on the support of the Diocese. with no formal repayment terms attaching lo this debt. The financial statements show a deffifjil for the year of £15,128 12019.. £20,760) ithich inclltdes 3 surplus on restrialed funds of £1,65712019 deficit £7.460). Further infotmalion is contained in the appended Chairfs Rert. It is the policy of the charity that Ltnrestri¢ted funds which have nol been desnated for a specific use should be maintsined at a level eqtjivalent to beiween three and six month's expenditure. The Members of the Parochial Church Council considers that reseNes at thi5 level wll ensure that. in the event of a signilic3nt drop in funding, they wll be able to continue the charity's cutrent actiVTties while consideralion is given lo ways in which additional funds may be raised. This level of reseNes has not been maintained throughout the year and the Parochial Church Council is reliant continued sUPPOrt from the Diocese in this respect. The Members of the Parochial Church Counul has assessed the major risks to which the tharity is exposed, and are satisfied that system are in place to miligale exposure lo the major risks. Structure, governancè and management The church forms part of the DI0Se of Blad(bum. On 27 April 2010 tt was granted Charilable status in its own right. The Members tsf the Paroch5al Church Council who seNed during the year and up to the dale of slgnature of the fin3n¢ial statements were.. Mrs K Montgomery Mr l Rushton Mrs B Clews Mrs A Giller

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL PAROCHIAL CHURCH COUNCIL MEMBERS. REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Mr S Whiiwi)rth Ms J Cookso Mrs D Emery Mrs P Wilson Mrs S Stinger Ms J Riding Mrs P Boak Reverend L Tomkinson Mr C Asghar Mrs M Hayhursl Mrs M Cottier-Brovm Mr K Oldfield Reverend LAtkins Mr G Jones hArs J Jones (Resigned 25 October 20201 (Resigned 25 October 2020) (Appolnled 25th October 20201 (Resigned 25th October 2020) (Appointed 25th October 2020) {Appoinled 25th October 2020) The Parochial Church Council is elected annually by the members of the Church who are on the eleGtDral tole at the time. Council members are elected to serve for heeen one and three yèars before retiring and standing for re-election. The Parochial Ghurch Council is chaired by the church incymbenl and is ultimatety responsible to the Diocese of B13ckbutTr. The Parochial Church Council Members, report wds approved by the Board of Members Of The Paryjchlal Church Council_ lé Rever8nd L Atkins Vicar Dated.. 23rd Apr¢1 2021

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE PAROCHIAL CHURCH COUNCIL OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON. BLACKPOOL I report lo the Members of the Parochial Chkjrch Counal on my examination of the financial Statements of The Parochial Church Council of the EcclesÈastical Parish ol Saint PaLJI. Marton, 813ekpool (the charity) for the year ended 31 December 2020. Rèsponsibilities and basis of report As the Members of the Patochial Church Council of the charity you are sponsible for the preparation of the financial slalements in accordance with the requiiemenls of the Charities Act 2Q11 (the 2011 Acll. I report in respect of my examination of the charity's financial slalements Carried out under section 145 of the 2011 Act. In carrying out my Èxamination I have followed 311 the applicable Directions given by the Charity Commission under section 145151{b) of the 2011 Ad. Independent examlnevs statement Your attention is drawn lo the fact that the charity has prepared financial slalemenls in accordance wlh Accounting and Reporting by Charrties preparing their accounts in gccotdance wth the Financial Reporting Standard applicable in the UK and Republic of Ireland IFRS 1021 in preference to the Accounting and Reporting by Charities.. Statement cbf Recommended Practice issued on 1 April 2005 which is referred lo in the extant regulètions bijt has now been withdrawn. l understand that this has bEen done in order for financial statements to Provide a true and falr view in accordance wth Generally Accepted Accounts"ng Practice effective fo¥ reptsrting periods beginning on or after l January 2015. I have completed my examination. I confimi that no matters have come lo my attention in connection with the examination giving me cause lo believe that in any material respect.. accounting records were not kept in respect of the charity as req*Jired by section 130 of the 2011 Act." or the financlal s¢3tements do not accord wlh those records; or the financial slalemenls not comply wlh the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 othei than any requirement that the accoun15 give a true and fair wew which is nol a matter constdered as part of an independent examination. I have no concerns and have come across no other matters in connection wilh the examination to which attention should be drawn in this report in order to enable a proper understanding of the finanaal slalemenls lo bè re3ched. Champion Accountants LLP Uriil 2 Olympic Court Vvhitehills Business Park Blackpool Lancashire FY4 5GU Dated.. 16J ioii

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020 Current financial year Unrèstrictèd Restricted Endowment funds funds funds 2020 2020 2020 Total Total 2020 2019 Notes endo Oonalion5 and legacies Other trading acbvities Investments Insurance claim other income from.. 9.269 4,627 2,886 5,903 50 15,222 4,627 2,888 5,213 8,233 9,885 17,451 48,820 24,993 24,993 Totsl income and endowments 41,775 5,903 52 47.730 87,602 enditu Raising funds on: 227 227 1,574 Charitable activities 58,385 4.246 62.63f 108,788 Total resour¢es oxpended 58,612 4,246 62.858 108,362 Net movèment in funds {16,8371 1,657 52 115.128) 120,7601 Fund balanGes al 1 January 2020 {291.057) 8,477 634 (281.946) 1261,186) Fund balance5 at 31 December 2020 1307,8941 10,134 686 {297,0741 1281,9461 The statement of financial activities includes all gains and losses re¢ognised in the year. All InGOtne and expenditure derNie from continuing activities.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL STATEMENT OF FINANCIAL ACTIVITIES {CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Prior financial year Unrestrlcted Restricted Endoumnent funds funds funds 2019 2019 2019 Total 2019 Notes Inco and èndowments fro Donalions and legacie5 Other trading adivities Investments Insurance daim Other in¢ome 5,213 8,233 9.876 17,451 42,358 5,213 8,233 9,885 17,451 46,820 4,462 Total income and endowmerts 83,131 4,462 87,602 Ex endi Raising funds on: 1,574 1,574 Char¢table activities 100,866 5,922 106,788 Total resources 8XP8nded 102,440 5,922 108.362 Gross transfers bebNeen funds Net movement in funds 6,000 113,3091 16.000) 17.4601 {20,7601 Fund balance5 at l January 2019 {277.7481 15,937 625 1261,186} Fund balances at 31 Dettèmber 2019 1291.0571 8.477 634 1281.946) The stslemenl of financial aclivldes includes all gains and losses recogni5ed in the year. All income and expenditure derive from continuing aclmb'es.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL BALANCE SHEET AS AT 31 DECEMBER 2020 2020 2019 Notes Fixed assets Tangible assets Inveslmenls 12 13 9,501 1,694 11,177 1,608 11,195 12,785 Curr8nt assets stock5 Debloys Cash al bank and in hand 15 16 302 223 45.377 384 828 24.659 45.902 25,871 Creditors: amounts falling duè wlthin one year 17 1331,620) 1320,6021 Nel curyent liabilities 1285,7181 {294,7311 Total assets lèss current liabilities (274,5231 1281.9461 Capital funds Endowment funds- general Income funds Restricted fLJnds Unrestricted funds 686 634 18 10.134 (307.6941 8,477 1291.057) 1261,186) 1281,946) The accounts were approved by the Members 01 The Parochial Church Counal on .?.3.. Aprj12021 Reverend L Atkins Vicar

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020 Accounting policies Charity informatÉon The Parochial Church Cotjncil of the EcdesiasliGal Parish of Saint Paul, Marton, Blackpool is ari uninGotporsted challty. 1.1 Accounting ¢onvèntlon The accounts have been prepared In acco¥dan with the charity's constitutitsn, the Char4t¢es Act 2011 and "AccoL6nting and Reporting by Charities= Statement of Recommended Practice applieable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and RÈpublic of Ireland IFRS 1021" las amended for accounting periods Gommencing from 1 January 2018). The chaTIty is a Publi¢ Benefrt Enlily as defined by FRS 102. The charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin I not lo prepare a Statement of Cash Flows. The financial Statements have departed from the Charities (Accounts and Reports} Regulat'ons 2008 or¢ly to the exient required lo provide a true and fair view. This departure has involved followng the S181ement of Recommended Practice for charities applying FRS 102 raiher than the version of the Statement of Recommendéd Practice vthich is referted to in the Regulations bul which has since been wthdrawn. The financial ststéments are prepared sterling, which is the functional currency of the charty. Monetary amounts in these financial s12ternents are rounded to the nearesl £. The finan¢ial statements have been prepared under the hislor¢¢al cost convention. The principal accounting policies adopted afe sel out below. 1.2 Golng concern The accounts have been drawn up on the golng concem basis, which assumes the continued support of the Diocese of Blackbum 0 ale the major creditor. They have agreed to give extended credit on outstanding Parish Share payments due lo them. 1.3 Charitsble funds UnTestfjcled funds are available for use at the discretion of the Member5 of the Parochial Church Council in fvrtherance of their charitablè objectives. Restricted furids are subjECt to specific conditions by donors as to how eY may be used. The purposes and uses of the restricted funds are set out in the notes to the finan¢ial statements. Endowment fttnds are subject to Spe0f ¢onditions by donors that the capital must be maintsined by the Charity, 1.4 Income Income is recognised when the charity Ss legally entitled lo It after any perfomanee cOndonS have been mel, the amounls can be measured rÈli3bly, and it is probabte that inGoTne wll be received. Cash donatDns are recognised on receipt. Other donations are recognised once the charity has been notified of the donation, unless performance conditions require defetral of the amounl. Income tsK recoverable in relation to donations received L¢nder Gift Aid or deeds of covenant is recognisèd at the time of the donation.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Accounting policles (Continued) Legacie5 are recognised on receipt or olhenNise if the charity has been notified of an impending dlslribvlion, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a conlingenl asset. 1.5 Expènditure ResDurces expended are accounted for on an accruals basis inclusive of Value Added Tax, and have been dassified undef headin95 that aggregate all costs related to the category. G0Veman costs include independent examiner fees and depfecialion and are allocalecf to chaiilable actIV@S. 1.6 Tangible fixed a55ets Tangible fixed assets are inilially measured at cost and subsequently measured al cost or valuation, nel of depreci3liorTr and any impaimient1055es. DepBcialion is recognised so as lo te off the Cost or valuation of assets less thèir residual values over their useful lives on the following bases.. Land and buildings Fixtures. fittings & equiprnenl 150A per annL*m on net book value 15°A per annum on net book value The gain or loss arising on the disposal of an asset is determined as the dIffenCe belween the sale proceeds and the carrying valve ol the asset, and is recognised in net incomellexpenditurel for the year. 1.7 Flxed asset investments Fixed asset inveslmenls are initially measured at transaction prlce excluding Iransa¢tion costs. ancE are subsequently méasured at fair value at each Tepoffjng dale. Changes in fair value are Tecognised in nel incomellexpenditurel for the year. Transaction costs are expensed as in¢ur¥ed. 1.8 Impaimient of Ilxèd assets Al each reporting end date, the charty reviews the carrying amounts of ils tsnglble assÈts to determine whether there is any indication that those assets have suffered an impaiment loss. It any such indi031io exists, the recoverable amount ol the asset is eslimaled in ordei ID determine the extent of the impairment loss lif any). 1.9 stocks stocks are slated at the Wer of cost and estimated selling price. Nel realisable vae is the estimated selling pri¢È less all estimated costs of completlon and costs lo be ncurred in marketsng, selling and distributon. 1.10 Cash and cash èquivalants Cash and cash equivalents include cash in hand, deposits held al call WEth banks, other short-temi liquid investments wlh original malurilies of three months or less. and b8nk overdrafts. Bank overdrafts are shown wrythin bDrrowngs in current liabilities.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL NOTES TO THE FINANCIAL STATEMENTS {CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2020 Accounting policies (Continued) 1.11 Flnancial instruments The charity has ele¢ted to apply the Pfovisions of Section 11 'Ba5ic Financial Instruments, and Section 12 'Olher Financial Instruments Issues, af FRS 102 to all of its financial instruments. Financial instrtjments are recognised In the charity's balance sheel when the charity become5 paty to the contradLkal provÈsions of the instrument. Fin3ncial assets and liabilities are offset, 1th the nel amounts presenled in the Iinancial statements, when there is a legally enfoiceable right to set off the recognised amounts and there is an intention lo settle ot) a nel basis or to realise the asset and sellle the liability simult2neou$ly. Basic finaneial assets Basic financAal assets, which include debtor5 and c3sh and bank balances, are initially tneasured al transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the aangement constilules 3 financing Iransaclion, where the transacb.on is measured 3t the present V21ue of the future weipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised. Basic financial liabilities Basic financial liabilities, including creditors and bank loans are initialEy recognised al transaction price unless the arrangement constilules a financing transaction, where the debt inslNmenl is measured at the present value of the fulure payments discounted at a market rafe of interest. Financial liabilities classified as payable within one year are not amortised. Debt instruments are subsequently carried al amortlsed cost, using the effective interest rate method. Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable ate o18ssified as current liabilities if payment is due within one year or less. If not, they are presented as non-SLfrrenl liabilities. Trade creditors are recognised initially at tiansaction price and subsequÈntly measured at amortised cost using the effective interest method. Deretoynition of financial liabilitles Financial liabilities are derognIsed when the charity's Contractual obligations expire or are discharged ttr cancelled. 1.12 Leases Critical accountÈng èstimates and judgements In the application of the charity's accounting policies. the Members of the Parochial Church Council are required lo make judgements, estimates and assumptions aboL¢I the carrying amounl of assets and liabilities that are not readily apparent from other sources. The estimatès and assoaated assumptions are based on historical experience and tyther factois that are ¢onsidered to be relevant. Actual results may differ from these estimates. The estimates and underfying assumptions are revlewed on an ongoing basis. Revisions to 3ccour¢ling estimates are recognised in the perTod In which Ihe estimate is revised where the remsion affects only that period, or in the period of the revision and future periods ere the revision affects both current and future periods.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Donations and legacies Unrestricted Restricted Endowment funds funds funds general 2020 Total Unreslrfcted tund8 2020 2020 2020 2019 Donallons and gifts Legaoies receivable 4,289 5,000 S,903 50 10,222 5.000 5,213 9,269 5,903 50 15,222 5,213 Othèr trading activities Unrestricted Unrestricted funds Jnds 2020 2019 Fundraising events 4.627 8,233 Investments Unrèstricted Endowment funds funds general 2020 Total Unreslricled Endowment funds funds general 2019 Totsl 2020 2020 2019 2019 Rental income Interest receivable 2.790 96 2,790 98 9,751 125 9,751 2,886 2,888 9,876 9.885 Other Income Unrèstrictèd Unrestricted Restricted funds funds funds Totsl 2020 2019 2019 2019 other income 24,993 42.358 4,462 46.820 10-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Raislng funds Unrèstricted Unreslricted funds lunds 2020 2019 Fundrais and ublicil Other fvndraising costs 227 1,574 227 1.574 11

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Charitable activltles 2020 2019 Semce costs Housing expenses InsuranGe Light and heat Repairs and maintenance Postage and stationery Telephone Burial ground expenses Sundry expenses Dona&"ons lo charity Parish share Parish holiday 91 3,157 3,892 5,274 11.841 466 935 6,943 969 878 26,509 839 3,953 3,752 4,806 23,452 870 1,408 13.738 2,172 433 43,011 4,462 60,955 102,896 Share of govemance costs (see note 91 1,676 3,892 62,631 106.788 Analysls by fund Unrestricted funds Reslricled funds 58,385 4.246 62.631 Forth8 y8ar ended 31 DecembeT2019 Unrestricted funds Restricted ftjnds 100,866 5,922 106,788 12-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 Support costs SupportGovemance costs Gosts 2020 Support Gtsvemance Cts5ts costs 2019 Depreciation 1,676 1,676 1,972 1,972 Accountancy Legal and professional 480 1.440 480 1.440 1.676 1,676 3,892 3.892 AnaSed beee Charitable activities 1,676 1,676 3,892 3,892 10 Members OfThe Paro¢hSal Church Council None of the Members of the Parochial Church Council IOT any persons COnrted with them) received any remuneration or benefits from the charity during the year. 11 Employees The average monthty number of employees during the year was.. 2020 Number 2019 Number Total 13-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 12 Tanglble fixed assets Land bulldlngs Flxtures, flttlngs & equiprnent Total Cost At l January 2020 20,597 53,609 74,206 Al 31 DecembeT 2020 20,597 53,609 74.206 Depreciation and Impalm8nt At 1 January 2020 Depreciation charged in the year 19,297 195 43,732 1,481 63.029 1,676 At 31 December 2020 19,492 45,213 64.705 Carrying amount Al 31 December 2020 1,105 8,396 9,501 Al 31 December 2019 1,301 9,876 11,177 13 Fixed asset investments Listsd investfflgnts Cost or valuation At 1 January 2020 & 31 December 2020 1,608 Carrying amount Al 31 December 2020 1,608 Al 31 Decembef 2019 1,608 14 Financial instruments 2020 2019 Carrying amount of financial assets Instruments measured al fair value through profft or loss 1,694 1,608 14-

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED> FOR THE YEAR ENDED 31 DECEMBER 2020 15 Stocks 2020 2019 Fintshed goods arid goods for resale 302 384 16 Debtors 2020 2019 Amounts falllng due &thIn one year: Prepayments and accrLted income 223 828 17 Creditots.. amounts falling due within one year 2020 2019 Trade uedilors Accruals and deferred income 331.620 320,122 480 331,620 320,802 18 Restricted funds The income funds of the charity include restricted ftjnds comprising the followng LFnexpended balano¢s of donations and grants held on trust for specific purposes.. Movement In lunds In¢omlng ReSoueS 8alallce at re8OUf¢tsts 8xp6ndÈd 34 December 2020 Balance 81 l JarkLFary 2019 Resources expended TrdnSlers BalanGe at l January 2020 Lega¢y Organ 100 4,391 4,041 100 3,732 3.435 100 3,172 2,920 18591 16061 (5601 {5151 Blackpool Ministy Experienee War Memorial Marton Burial Ground A131m Fund 6,000 Is,0001 1.405 (1951 1,210 1151 1,195 2.747 3,156 2,747 13,f 561 15,937 {1,460) 16.0001 8,477 5,903 (4,246) 10,134 15

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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF SAINT PAUL, MARTON, BLACKPOOL NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2020 20 Related party transact40ns There were no disdosable related paty transactions during the year (2019- none). Remuneration of key manag8m8nt personnel No remuneral'on is p8id lo key management personnel. 17-

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