## **The PCC of St Thomas Church, Wells with the Horringtons**
**Financial Statements for the year ending 31 December 2020**
**Bank** National Westminster plc 7 High Street Wells Somerset BA5 2AD
**Independent Examiner** Michael Webb One New Street Wells Somerset BA5 2LA
Reg. Charity No. 1137161
## **The Parochial Church Council of St Thomas Church**
St Thomas Street Wells
After an extraordinary 2020 we managed to generate a surplus performing, or not, our normal, or not operations. The highlight of the year was the Gift Day, the major contributor towards our surplus.
We were unable to make 3 of our Parish Share monthly instalments of £7,645.10 totalling £22,935.30.
Taking out the Gift Day proceeds with Gift Aid, and making all the Parish Share payments would have resulted in a further deficit to add to 2019’s of about £13,000.
This figure would have been much higher if not for other COVID related donations, unexpected legacies.
The Hall had to close but the new heating system was installed in May and hopefully we will soon be able to warmly welcome groups and clubs back in 2021. We appreciate the generous donation received to cover the bill for the new system.
Our operating income and expenditure in summary :
|**Income**||
|---|---|
|Planned giving and gift|106,67|
|aid|5|
|Other income &||
|fundraising|42,020|
|Legacies|6,000|
|Wedding and funeral||
|fees|3,788|
|Hall hire|4,933|
||**163,4**|
|**Total**|**16**|
|**Expenditure**||
|Parish share and||
|salaries|87,825|
|Utilities and expenses|28,415|
||**116,2**|
|**Total**|**40**|
|**Surplus at the end of**|**47,17**|
|**the year**|**6**|
Summary of the Development Fund accounts :
**Income**
Donations and gift aid 8,631
|Fund raisingevents|1,473|
|---|---|
||**10,10**|
|**Total**|**4**|
|Expenditure||
|Building||
|Interest||
|Fundraisingexpenses|1,644|
|**Total**|**1,644**|
|**Surplus for the year**|**8,460**|
The balance of the loan from the Diocese is £50,000 and future annual payments have been reduced to £10,000 annually.
Reserve Policy = a reserve of unrestricted funds of £15,000.
We have not needed to make any transfers from designated funds this year and the position of the funds is :
||**Unrestrict**
**ed**|**Designated**|**Restricte**
**d**|
|---|---|---|---|
||**General**
**Hall**
**Bungalo**
**w**||**Dev Fund**|
|Income|148,401
11,054
3,875||10,104|
|Expenditure|(101,770)
(14,473)||(1,644)|
|Surplus|46,631
(3,419)
3,875||8,460|
|Openingbalance|182
3,575
8,751||0|
|Balance at Dec-20|46,631
156
12,626||8,460|
|Investment Losses|(181)|||
|||||
|Balance cfwd to 2021|46,631
156
8,751||8,460|
**The Restricted fund figures are just the Development fund and not Brice & Blisset etc.**
## **Agency Payments**
Parishioners are still using our facilities for donations, which are as follows :
|||||**201**|
|---|---|---|---|---|
||**2020**|||**9**|
|Caring & Sharing –|||||
|Wateraid|60|||80|
|Livingstone East Parish|||||
|Zambia Link|120|||120|
|Christian Aid|60|||70|
|**Associated Funds**|||||
||**Balanc**|**Balance**|||
||**e**||||
||**31-Dec-**|**31-Dec-**|
|---|---|---|
||**20**|**19**|
|Toddler Group|0|0|
|Women's fellowship|1,039.3
6|825.84|
|Snack & chat|18.89|18.89|
## **St. Thomas Church**
## **Receipts and Payments Account For the period from 01 January 2020 to 31 December 2020**
|||||**Total**||
|---|---|---|---|---|---|
||**Unrestricted**|**Designated**|**Restricted**|**funds**|**Prioryear**|
|**_Incoming resources_**||||||
|**Voluntary Income**|23|||23|134|
|Tax efficient planned giving (net of tax recovered from|63,754|7,000|3,440|74,194|58,954|
|Other planned giving|6,241|||6,241|17,930|
|Collections of loose cash at services|6,347||5,046|11,393|8,495|
|All tax recovered through Gift Aid|23,310||145|23,455|15,356|
|Legacies received|6,000|||6,000|2,000|
|Activities for Generating Funds|1,005|90|33|1,128|4,249|
|Fund raising (gross amount)|32,644||1,440|34,084|4,429|
|**Income from Investments**||||||
|Dividents, interest, income from property etc|4,406|3,875||8,281|9,132|
|**Church Activities**||||||
|Statutory fees retained by the PCC|3,788|||3,788|5,748|
|Bookstall, hall lettings, magazine advertising & sales|879|4,054||4,933|22,608|
|**Total incoming resources**|**148,401**|**15,019**|**10,104**|**173,524**|**149,038**|
|**_Resources used_**||||||
|**Costs of Generating Funds (fundraising costs, etc)**|1,540||1,644|3,184|1,835|
|All Mission Giving and Charitable Grants & Donations|||||832|
|**Church Activities**||||||
|Parish Share paid to Diocese|68,805|||68,805|88,408|
|Salaries/honoraria (organist, administrator, caretaker)|16,442|2,577||19,020|24,454|
|Expenses (of clergy, pastoral staff, youth workers, etc)|952|||952|1,792|
|Regular church running expenses (insurance, cleaning,|9,618|1,478||11,096|15,595|
|Church utilities (gas, electricity, water)|3,928|1,367||5,296|6,705|
|Costs of Trading (magazine, bookstall, Fairtrade etc)|158|||158|161|
|Major repairs to church hall or other PCC property, inc.|324|9,049||9,373|1,481|
|New building work to church, church hall and other PCC|||||28,133|
|**Total resources used**|**101,770**|**14,473**|**1,644**|**117,888**|**169,400**|
|**Excess of receipts over payments before transfer**|**46,631**|**545**|**8,459**|**55,636**|**-20,362**|
|**_Transfers_**||||||
|Gross transfers between funds - in|||||32,741|
|Gross transfers between funds - out|||||-32,741|
|**Excess of receipts over payments before other gains**|**46,631**|**545**|**8,459**|**55,636**|**-20,362**|
|**Net movement in funds**|**46,449**|**545**|**8,542**|**55,537**|**-20,018**|
|**_Reconciliation of funds_**||||||
|**Excess of receipts over payments at beginning of**|**182**|**21,573**|**2,753**|**24,509**|**44,527**|
|**Excess of receipts over payments at the end of the year**|**46,631**|**22,119**|**11,295**|**80,047**|**24,509**|
|**_Represented by_**||||||
|**Unrestricted**||||||
|General fund|46,631|||46,631|182|
|**Designated**||||||
|Church Bungalow Fund||12,626||12,626|8,751|
|Church Hall Fund||156||156|3,575|
|Fabric Fund||4,610||4,610|4,610|
|Music Fund||92||92|92|
|Organ Fund||4,484||4,484|4,394|
|Revaluation reserves||149||149|149|
|**Restricted**||||||
|Agency collection|||96|96|96|
|Brice & Blisset Fund|||2,625|2,625|2,543|
|Development|||8,459|8,459|0|
|Livingstone east parish|||108|108|108|
|Zambia Link|||5|5|5|
||46,631|22,117|11,293|80,041|24,505|
Inde
endent Examlnerfs Re
ort for the PCC Accounts
Report to the trustees of St Thomas Wells with Horiingtons Parochial Church Council
On accounts forthe year ended 31 December2020 Charity Number 1137161
Respertive responsibilities of trustees and examiner
The charity's trurtees are responsible for the preparation of the accounts. The charitvs trustees
Eonsider that an audit is not required for this year under settion 144 Df the CharTties Art 2011 IThe
Charities Artl and that an independent examination is needed
It is my responsibility to:
Examine the accounts under Section 145 of the Charities Art
To follow the procedures laid down in the general Directions given by the Charity
Commission (under section 14515llbl of the Charities Act and
To state whether particular matters have come to my attention.
Basi5 of independent examinerfs statement
My examination was carried out in accordance with general Directions given by the Charity
Commission. An examination includes a review of the accounting record5 kept by the charity and a
comparison of the accounts presented with those records. It also includes consideration of èny
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 fairf view and the report is limited to those matters set out in the statement below
Independent Examinerfs Statement
In connection with my examination, no matter has tome to my attention which gives me reasonable
cause to believe that in. any material respect
Accounting records were not kept in accordance with section 130 of the Charities Act or
The accounts do not accord with the accounting records
I have come across no other matters in connection with the examination to which attention should
be drawn in order to enable a proper understanding of the accounts to be reached
UiL.
MF Webb FCA
One New Street. Wells, BA5 2LA
12, April 2021