# **Annual Report and Financial Statements for The Parochial Church Council of the Ecclesiastical Parish of Earley St Nicolas**
for the year ended 31 December 2020
Charity Registration Number: 1138037
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS**
Registered Charity in England and Wales No. 1138037
**Annual Report for the year ended 31 December 2020**
## **Aims and Purpose**
The Parochial Church Council (PCC) of Earley St Nicolas Church has the responsibility of cooperating with the Vicar in promoting the whole mission of the Church, pastoral, evangelistic, social and ecumenical within the whole parish of Earley St Nicolas.
## **Objectives and activities**
The PCC is committed to enabling as many as possible to worship at our church and become part of the parish community of Earley St Nicolas. The PCC maintains an overview of worship throughout the parish under the leadership of the Vicar our services and worship put faith into practice through prayer and scripture, music and sacrament.
When planning our activities for the year, we have considered the Charity Commission’s guidance on public benefit, and in particular the specific guidance on charities for the advancement of religion. We try to enable people to live out their faith as part of our church community through:
- Worship and prayer; learning about the gospel; developing their knowledge of and trust in Jesus Christ
- Provision of pastoral care for people living in the parish, mission and outreach work
- maintaining and developing the church, centre and grounds as a venue for church and community
## **Our Mission**
## To be _‘Open to God, open to one another, open to the community’_
We are followers of Christ who believe and seek to demonstrate that God is with and for all people.
## **Our Values**
## _**We are God Centred**_
If it were not for God, we would not be here we want the character and values of Jesus Christ to be the bedrock of who we are as a church. We have Holy Communion at the heart of our worship where everyone is welcome to receive.
## _**We are open and friendly**_
We come as we are and anyone else can do the same.
We are serious about our faith but do not take ourselves too seriously.
We believe God loves and welcomes everyone - we try to do the same.
## _**We are supportive**_
We try to support people in the good times and the bad. This support may be for a person in our congregation, in the local community or further afield.
## _**We are seeking justice for all**_
Jesus had a particular connection with people who were living in poverty, outcast or marginalised. We aim to follow his example by working directly, with charities and with communities for a fairer world.
Page 1 of 18
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Annual Report for the year ended 31 December 2020 (continued)**
## **Achievements and performance**
## **Worship and prayer**
The PCC endeavours to offer a range of services during the week and over the course of the year that our community finds both beneficial and spiritually fulfilling. Our usual pattern of Sunday services includes two services of Holy Communion and an evening service of the word. We also have a weekly midweek communion service. We have additional services throughout the year, particularly during Christmas and Holy Week. The PCC is committed to enabling the church to be open every day for anyone who wishes to spend time in prayer or reflection. 2020 has been a challenging year, since we began the year in vacancy, and in March the church was closed on government instruction. Huge thanks are due to the Associate Minister Revd Libby Newman who, supported by retired priests and 2 LLMs, continued to take services until the new vicar was appointed in July. From March to July a single service was recorded and sent out via Facebook and YouTube. For those unable to access online services a CD recording of the service is delivered to them each week. The evening Sunday service takes place each week on Zoom as we continue to pray for the nation.
In July we were able to access the building once again and began to livestream a service of Holy Communion every Sunday, and a Zoom service of Holy Communion every Wednesday. In July we also opened the church for supervised sessions of private prayer.
The PCC was delighted to be able, after all the necessary risk assessments and measures were in place, to open the church for individual prayer, and to reinstate the 8am Sunday Holy Communion again from September.
The PCC prioritises the full inclusion of the online worshipping community alongside those who were able to return to worship in person. We were extremely grateful for the anonymous donations which enabled us to invest in technical hardware and licensing software to create a ‘hybrid’ service of Holy Communion at 10am each week, from October to the end of the year. This is livestreamed on Facebook, YouTube and on our Faith Online website. We also have a direct phone line enabling those without Internet to ring in directly. CDs continue to be delivered to those unable to access the service, and a copy of the CD is delivered to the local care home, the video recording of each service is available on our website, Facebook, YouTube and Faith Online page after the service.
A great deal of effort went into finding ways to involve the community, including recording sessions and using the garden for a Remembrance Day service. We were able to hold combined in person and online services for our Carol Service, Crib Service, Midnight service and Christmas Day. While the children from local schools have been unable to come to church in person, the Vicar and members of the ReInspired team recorded videos to be shown for Harvest and Christmas. We held a live Zoom carol service for the care home, and a recorded Christingle service on YouTube and Facebook.
All are welcome to attend our services. At present there are currently 153 on the parish Electoral Roll, 105 live within the parish. Our in-person services have varied from around 5 to 25. Online attendance is almost impossible to measure, but our Sunday services usually have around 70 to 80 views.
Page 2 of 18
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Annual Report for the year ended 31 December 2020 (continued)**
## **Pastoral Care**
During the pandemic, this aspect has become even more significant. From the beginning of lockdown in March 2020 we have tried to keep more regular contact with our church family and thanks to volunteers have offered practical assistance wherever possible within government guidelines. Much support and mutual care takes place in Home Groups. In the autumn we developed the Keeping in Touch Initiative for members of our church community not in home groups so that everyone in the church community is regularly contacted by a member of the church family. We have an active prayer chain, which continues to pray for those within the church community as well as prayer requests received from our website. Earley St Nicolas is part of the ‘Earley Help Hub’, an ecumenical organisation which coordinates the support for those in need within the whole of Earley.
## **Discipleship**
We have a thriving network of Home Groups who have met virtually using Zoom or have kept in regular phone contact. Most groups continue to follow a course, meeting fortnightly for fellowship, prayer and teaching. Throughout 2020 we put out weekly videos on Facebook and YouTube on issues of faith and discipleship by the leadership team and members of the congregation. From July the Vicar has written a weekly email and a recorded a video clip on YouTube and Facebook. We held Advent sessions on Zoom. The Focus Youth Group continued to meet on Zoom throughout. In the summer youth groups were able to meet once again, and so alternated meeting in person and online from August onwards. The monthly ‘Going Deeper’ group continues to meet discussing theological issues.
## **Mission and outreach**
Our increased online presence has changed the focus and possibilities of our mission and outreach. In 2020 we had fewer opportunities to engage with the community through face-to-face contact such as our ‘Noah’s Ark’ group, Messy Church, and the school visits as well as our ‘landmark’ services such as those held on Good Friday, at harvest time and the Christmas crib service. We have begun to use our garden and our online presence to interact in new ways. We contributed to the Halloween trail in Earley with a window display in the garden and ‘goody bags’ for visitors. We ran a nativity trail and a family within the church created a range of nativity figures which were displayed in the garden during the Christmas season. We continued to support ReInspired with their work in schools. We expect to continue to focus on our online presence to engage with the community in new and imaginative ways, as we continue to invest in our technology.
## **Financial Review of the Year**
This has been an extremely stressful year for all churches’ finance, and St Nicolas is no exception. We are extraordinarily grateful to all our donors. It is due to their great generosity that we have been able to offset the significant drop in our income due to the Centre closure and the delayed start to the Montessori nursery. We would like to extend our warmest thanks and gratitude to all our donors who have continued to support us during this difficult time.
Page 3 of 18
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Annual Report for the year ended 31 December 2020 (continued)**
The accounts show gross income for the year of £159,380, of which £131,554 related to unrestricted funds and a further £27,829 was received for restricted funds. Of this gross income, £71,365 was unrestricted planned voluntary giving and £17,177 was from Gift Aid received into the General Fund.
During the year, the church received a restricted donation of £10,000 to establish a Church Repair Fund, a donation of £6,000 towards the St Nicolas Centre and a new Youth Fund was also created. The Covid-19 pandemic had a significant impact on the church finances. Centre income dropped significantly due to the restrictions in place. The church made use of the government furlough scheme for five months and received £9,652 in furlough grant income grant.
The PCC took steps to reduce its expenditure in the light of reduced Centre income. Unrestricted expenditure fell from £206,632 to £157,102 with notable reductions in buildings and maintenance costs and in Centre running costs.
During the year, the net movement on unrestricted funds was a decrease of £16,744 and the net movement on restricted funds was an increase of £16,216. Total funds fell by £528 to £1,229,421. The PCC took the difficult decision to restrict our outward giving due to the unprecedented circumstances of the pandemic. We will review this during 2021, hoping that we can return to our previous level of giving.
## **Reserves Policy**
The PCC considers that it is appropriate to maintain a balance on free reserves equivalent to approximately three to four months of unrestricted expenditure to meet its needs, including its legal and constructive obligations and to smooth out fluctuations in cash flow. This is approximately £40,000. The balance of the General Fund at 31st December 2020 was £37,809.
As in previous years, the PCC has transferred £4,000 into the Major Repairs fund. The balance of the designated Major Repairs fund at the year-end was £10,140.
## **Investment Policy**
It remains our policy to invest our funds balances with the Central Board of Finance (CBF) Church of England Deposit fund.
## **Volunteers**
We should like to thank all who work so hard to make our church the lively and vibrant community it is. We want to thank the current church wardens, John Louth, Wendy Neale, and Julia Jones together with Robert Bryce who stepped down at the APCM in September. They have worked tirelessly on our behalf. And to the members of the PCC for their valuable contribution to our ministry and for keeping the church running.
## **Administrative Information**
St Nicolas Church, Earley is situated on Sutcliffe Avenue in Earley. It is part of the Diocese of Oxford within the Church of England. The correspondence address is St Nicolas Church, Sutcliffe Avenue, Earley, Reading RG6 7JN.
The Parochial Church Council (PCC) was registered as a charity in England and Wales on 15 September 2010, under registration number 1138037.
Page 4 of 18
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Annual Report for the year ended 31 December 2020 (continued)**
## **Trustees**
|**rustees**||||||
|---|---|---|---|---|---|
|**Name**|Position|||**Term**||
||||Start||End|
|Revd April Beckerleg|Chair|July 2020||||
|Revd Libby Newman|Clergy|||||
|Emma Major|Licensed Lay Minister|||||
|Wendy Neale|Vice Chair to Sept 20|2018||2021||
||Co-Churchwarden from Sept 20|||||
|John Louth|Churchwarden|2019||2021||
|Julia Jones|Co-opted to Sept 20|2019||2021||
||Co-Churchwarden from Sept 20|||||
|Robert Bryce|Churchwarden, Deanery Synod|2019||Sept|20|
|Elizabeth Fielding|Elected Member, Treasurer|2018||2021||
|Jenny Bryce|Deanery Synod Member|2017||2023||
|Elaine Spratling|Deanery Synod Member|2017||2023||
|John Davies|Deanery Synod Member|Sept|20|2023||
|Doug Walrond|Deanery Synod Member|2019||Sept|20|
|Peter Jeal|Elected Member|2019||2020||
|Denise Rees|Elected Member|2017||2023||
|Helen Kenyon|Elected Member|2018||March 20||
|Roger Hepburn|Elected Member|2018||Dec 20||
|David Pooler|Elected Member|2018||2022||
|Eleanor Gunbie|Elected Member|Sept|20|2023||
|Peter Kemm|Elected Member|Sept|20|2023||
|Julie Hull|Co-opted to Sept 20|2019||2022||
||Elected from Sept 20|||||
|Johanna Oldach|Co-opted member|Sept|20|2021||
|**Non-Trustee members**|**of PCC**|||||
|Helen Brown|Secretary|2019||||
## **Structure, governance and management**
The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure.
Members of the Parochial Church Council (PCC) are either ex officio or elected at the Annual
Parochial Church Meeting in accordance with the Church Representation Rules. The appointment of PCC members is governed by and set out in the Church Representation Rules. Elected members are elected by those members of the various congregations of the church who are on the electoral role of the church. All Church attendees are encouraged to register on the Electoral Roll and hence are eligible to stand for election to the PCC. In addition, members may be co-opted as necessary.
Page 5 of 18
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Annual Report for the year ended 31 December 2020 (continued)**
## **Structure and Governance**
## _Functions and purpose of the PCC_
The PCC is a body corporate in its own right; in other words it has a legal status to which attach certain rights and duties. The key to the role of the PCC lies first of its general functions: cooperation with the vicar in promoting in the parish the whole mission of the church. Other powers, rights and responsibilities include: responsibilities for the financial affairs of the church, the care, maintenance, preservation and insurance of the fabric of the church and its goods; the care and maintenance of any churchyard; to decide jointly with the vicar forms of service to be used.
## _Standing Committee_
This is the only committee required by law. It meets as and when necessary.
## _Other Committees_
The PCC appoints sub-committees from time to time, who are all responsible to the PCC and report back regularly.
Where appropriate the PCC delegates a level of financial responsibility to individual committees.
The PCC follows the Diocese of Oxford Safeguarding Training Requirements.
The PCC has a designated safeguarding officer.
Approved by the PCC on 2021 and signed on their behalf by:
Revd April Beckerleg
Page 6 of 18
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS**
## **Statement of Financial Activities (SOFA) for the year ended 31st December 2020**
|All figures in £
Note
**Income and Endowments from:**
Donations and Legacies
A1
Charitable Activities
A2
Other Trading Activities
A3
Investments
A4
**Total Income and Endowments**
**Expenditure on:**
Raising Funds
B1
Charitable Activities
B2
Governance costs
**Total Expenditure**
Net Gains/(Losses) on Investments
**Net Income/(Expenditure)**
Transfers between Funds
**Other Recognised Gains/(Losses)**
Gains/(Losses) on Revaluation of Fixed Assets
**Net Movement in Funds**
**Reconciliation of Funds:**
Total Funds brought forward
Total Funds carried forward|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
106,250
27,809
-
134,059
3,171
-
-
3,171
21,993
20
-
22,013
140
-
-
140
**131,554**
**27,829**
**-**
**159,383**
-
-
-
-
157,102
2,809
-
159,911
-
-
-
-
**157,102**
**2,809**
**-**
**159,911**
-
-
-
-
**(25,548)**
**25,020**
**-**
**(528)**
8,804
(8,804)
-
-
-
-
-
-
**(16,744)**
**16,216**
**-**
**(528)**
1,210,641
9,308
10,000
1,229,949
**1,193,897**
**25,524**
**10,000**
**1,229,421**
**2020**|**2019**
**Total**
157,262
4,291
49,928
604
**212,085**
1,085
213,515
3,065
**217,665**
-
**(5,580)**
-
-
**(5,580)**
1,232,463
**1,229,949**|
|---|---|---|
w The statement of financial activities includes all gains and losses recognised in the year.
w All income and expenditure derives from continuing activities.
w See Note G3 for the comparative SOFA
Page 7 of 18
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS**
## **Balance Sheet as at 31st December 2020**
|All figures in £
Note
**Fixed Assets:**
Tangible Assets
C1
**Total Fixed Assets**
**Current Assets:**
Debtors
D1
Cash at Bank and in Hand
D2
**Total Current Assets**
**Liabilities:**
Creditors: Amounts falling due within a year
E1
**Net Current Assets or Liabilities**
**Total Assets less Current Liabilities**
Creditors: Amounts falling due after one year
E2
Provisions for Liabilities
**Total Net Assets or Liabilities**
**The Funds of the Charity:**
Endowment Funds
F1
Restricted Income Funds
F2
Unrestricted Funds
F3
**Total Charity Funds**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
1,175,456
-
-
1,175,456
**1,175,456**
**-**
**-**
**1,175,456**
7,829
1,095
-
8,924
41,242
25,524
10,000
76,766
**49,071**
**26,619**
**10,000**
**85,690**
14,259
-
-
14,259
34,812
26,619
10,000
71,431
1,210,268
26,619
10,000
1,246,887
17,466
-
-
17,466
-
-
-
-
**1,192,802**
**26,619**
**10,000**
**1,229,421**
10,000
26,619
1,192,802
**1,229,421**
**2020**|**2019**
**Total**
1,201,864
**1,201,864**
18,504
60,479
**78,983**
21,267
57,716
1,259,580
29,632
-
**1,229,948**
10,000
9,308
1,210,641
**1,229,949**|
|---|---|---|
Approved by the Parochial Church Council on 18 April 2021
## **Revd April Beckerleg (PCC Chair)**
**John Louth (Churchwarden)**
**Wendy Neale (Churchwarden)**
**Julia Jones (Co-Churchwarden)**
Page 8 of 18
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS**
## **Cashflow Statement as at 31st December 2020**
|All figures in £
Note
**Cash Flows from Operating Activities:**
Net Cash provided by (used) Operating Activities
I1
**Cash Flows from Investing Activities**
Dividends, interest and rents from investments
Proceeds from the sale of Property, Plant & Equipment
Purchase of Property, Plant & Equipment
Proceeds from Sale of Investments
Net Cash provided by (used in) Investing Activities
**Cash Flows from Financing Activities**
Repayments of Borrowing from Diocese
Net Cash Provided by (used in) Financing Activities
Change in Cash & Cash Equivalents in the Period
Cash at the Beginning of the Reporting Period
I2
**Cash at the End of the Reporting Period**
I2|**2020**
**2019**
30,729
17,046
140
604
-
1,000
(1,550)
(36,040)
-
209
(1,410)
(34,227)
(13,032)
(57,300)
(13,032)
(57,300)
16,287
(74,481)
60,479
131,895
**76,766**
**57,414**|
|---|---|
|**I1: Reconciliation of Net Income/(Expenditure) to Net Cash Flow from Operating Activities**|**I1: Reconciliation of Net Income/(Expenditure) to Net Cash Flow from Operating Activities**||
|---|---|---|
|All figures in £|**2020**|**2019**|
|Net Income/(Expenditure) for the Reporting Period
(as per the Statement of Financial Activities)|(528)|(5,580)|
|Adjustments for:|||
|Depreciation Charges|27,958|29,719|
|Dividends, Interest and Rents from Investments|(140)|(604)|
|Loss/(Profit) on the Sale/Disposal of Fixed Assets|-|3,104|
|(Increase)/Decrease in Debtors|9,580|(5,472)|
|Increase/(Decrease) in Creditors|(6,141)|(4,121)|
|**Net Cash Provided by (used in) Operating Activities**|**30,729**|**17,046**|
|**I2: Analysis of Cash & Cash Equivalents**|||
|All figures in £|**2020**|**2019**|
|Cash in Hand|76,766|60,479|
|**Total Cash & Cash Equivalents**|**76,766**|**60,479**|
Page 9 of 18
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS**
**Notes to the Accounts for the year ended 31st December 2020**
## **1. Accounting Policies**
## 1.01. Basis of preparation and assessment of going concern
The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts.
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued in October 2019; the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011.
The charity constitutes a public benefit entity as defined by FRS 102.
The PCC consider that there are no material uncertainties about the church's ability to continue as a going concern. Whilst income levels in 2021 are likely to be lower than in previous years due to the impact of COVID-19 and the resultant loss of hall income, the cash reserves are sufficient to meet all forecast expenditure for the next year.
## 1.02. Funds structure
In 2013, the Vicar and Churchwardens received a bequest from Pat Dummer for £1m which was held as an expendable endowment fund. The trustees decided to use the bequest to fund the building of the St Nicolas Centre, an exciting replacement for the ageing hall building. The Endowment was fully consumed in 2018.
The PCC has a second endowment, the Amos Sharp Fund, which can be used to purchase fixed assets for the Church. The capital sum of the endowment must be maintained in the long-term at the value of £10k.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or trust deed. The main restricted funds are the St Nicolas Centre Fund, the Church Repair Fund and the Sue Watson Memorial Fund which is to be used to purchase items visible in the church.
Unrestricted income funds comprise those funds which the PCC are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the PCC, at their discretion, have created a fund for a specific purpose.
Further details of each fund are disclosed in notes F1 to F3.
## 1.03. Income recognition
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.
Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the income to which they relate is received.
Legacies are accounted for when the PCC is legally entitled to the amounts due. Entitlement is taken as the earlier of the date on which either: the church is aware that probate has been granted, the estate has been finalised and notification has been made by the executor(s) that a distribution will be made or when a distribution is received from the estate. Investment income is accounted for when receivable.
All other income is recognised when it is receivable. All income is accounted for gross.
Page 10 of 18
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS**
## **Notes to the Accounts for the year ended 31st December 2020 (continued)**
## 1.05. Expenditure recognition
Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably.
All expenditure is accounted for on an accruals basis.
Parish Share is accounted for when due to be paid.
Grants payable are payments made to third parties in the furtherance of the charitable objects. In the case of an unconditional grant offer this is accrued once the recipient has been notified of the grant award. The notification gives the recipient a reasonable expectation that they will receive the one-year or multi-year grant. Grants awards that are subject to the recipient fulfilling performance conditions are only accrued when the recipient has been notified of the grant and any remaining unfulfilled condition attaching to that grant is outside of the control of the Trust.
## 1.06. Irrecoverable VAT
Irrecoverable VAT is charged against the expenditure heading for which it was incurred.
## 1.07. Costs of raising funds
The costs of raising funds include any direct costs attributable to fundraising events or fundraising activities.
## 1.08. Charitable activities
Charitable activities include the cost of the Parish share, staffing the Parish Office, maintaining and heating the church and the halls and providing church services.
## 1.09. Tangible fixed assets and depreciation
In so far as consecrated and benefice property of any kind is excluded from the statutory definition of "charity" by Section 10(2) (a) and (c) of the Charities Act 2011 such assets are not capitalised in the financial statements.
All assets costing more than £500 are capitalised and valued at historical cost.
Depreciation is charged on assets on a straight-line basis over their estimated useful life as follows: o Furniture, fixtures, fittings and equipment: 5 years
o Improvements to the Fabric of Buildings: 8 Years
o Church Hall: 50 years
## 1.10. Pensions
The charity participates in a defined contribution pensions scheme, administered by Nest. Contributions in respect of this scheme are charged to the Statement of Financial Activities for the year in which they are payable. Timing differences between contributions payable and contributions actually paid in the year are shown as either accruals or prepayments at the year end.
Page 11 of 18
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS**
## **Notes to the Accounts for the year ended 31st December 2020 (continued)**
|**A1: Donations & Legacies**
_All figures in £_
Income from Standing Orders
Income from Envelopes
Donations to the Plate
Other Donations
Give-as-you-Earn
Grants
A1.1
Gift Aid Recovered
**Total Income from Donations & Legacies**
**A1.1: Grant income**
_All figures in £_
Furlough Grant
Grants for specific purposes
Other grants
**Total Grant income**
**A2: Charitable Activities**
_All figures in £_
Church Fees
Servery income
Miscellaneous
**Total Income from Charitable Activities**
**A3: Other Trading Activities**
_All figures in £_
Fundraising Events
Fundraising Activities
Income from Renting the Centre and Church
Income from services to Centre Hirers
**Total Income from Other Trading Activities**
**A4: Investments**
_All figures in £_
Bank Interest
**Total Income from Investments**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
69,512
7,085
-
76,597
1,853
-
-
1,853
559
-
-
559
4,487
17,414
-
21,901
3,010
-
3,010
9,652
-
-
9,652
17,177
3,310
-
20,487
**106,250**
**27,809**
**-**
**134,059**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
**9,652**
**-**
**-**
9,652
**-**
**-**
**-**
-
-
-
-
-
**9,652**
**-**
**-**
**9,652**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
1,272
-
-
1,272
378
-
-
378
1,521
-
-
1,521
**3,171**
**-**
**-**
**3,171**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
30
-
-
30
-
20
-
20
21,133
-
-
21,133
830
-
-
830
**21,993**
**20**
**-**
**22,013**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
140
-
-
140
**140**
**-**
**-**
**140**
**2020**
**2020**
**2020**
**2020**
**2020**|**2019**
**Total**
72,148
4,167
4,285
17,178
717
35,978
22,789
**157,262**
**2019**
**Total**
**-**
978
35,000
**35,978**
**2019**
**Total**
842
1,655
1,794
**4,291**
**2019**
**Total**
2,152
1,704
44,859
1,213
**49,928**
**2019**
**Total**
604
**604**|
|---|---|---|
Page 12 of 18
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS**
## **Notes to the Accounts for the year ended 31st December 2020 (continued)**
|**B1: Raising Funds**
_All figures in £_
Events
**Total Expenditure on Raising Funds**
**B2: Charitable Activities**
_All figures in £_
Parish Share
Staffing Costs
Clergy expenses
Building & Maintenance - Church and grounds
Church
Grounds (including car park)
Miscellaneous
Buildings & Maintenance Total
Centre Running Costs
Depreciation
Cleaning
Utilities
Repairs and maintenance
St Nicolas Centre build costs
(Gain)/Loss on Asset Disposal
Legal & professional fees
Advertising
Centre Expenditure Total
Church Running Costs
Cleaning and refuse
Utilities
Insurance (including Centre insurance)
Photocopier
Other office costs
Telephone and IT costs
Bank Charges
Servery and catering costs
Depreciation
Church Running Costs Total
Subtotal carried forward|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
-
-
-
-
**-**
**-**
**-**
**-**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
64,158
-
-
64,158
26,860
-
-
26,860
530
-
-
530
676
-
-
676
968
-
-
968
-
-
-
-
1,644
-
-
1,644
24,450
-
-
24,450
3,400
-
-
3,400
6,104
-
-
6,104
2,505
-
-
2,505
-
2,340
-
2,340
-
-
-
-
1,056
-
-
1,056
49
-
-
49
37,564
2,340
-
39,904
1,644
-
-
1,644
3,438
-
-
3,438
3,370
-
-
3,370
3,300
-
-
3,300
1,549
-
1,549
4,237
338
4,575
97
-
-
97
273
-
-
273
3,508
-
-
3,508
21,416
338
-
21,754
152,172
2,678
-
154,850
**2020**
**2020**|**2019**
**Total**
1,085
**1,085**
**2019**
**Total**
64,689
32,858
3,450
752
15,530
-
16,282
28,385
5,460
8,082
4,397
2,887
3,104
5,472
69
57,856
2,024
4,687
3,300
4,130
3,194
2,714
66
2,447
1,334
23,896
199,031|
|---|---|---|
Page 13 of 18
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Notes to the Accounts for the year ended 31st December 2020 (continued)**
|**B2: Charitable Activities (cont'd)**
_All figures in £_
Subtotal brought forward
Marketing
Church Service Costs
Altar Requisites
Flowers
Licences
Music costs including organ tuning
Miscellaneous
Church Service Costs Total
Grants / Outward Giving
B3
Loan interest
Church Groups
**Total Expenditure on Charitable Activities**
**B3: Grants / Outward Giving**
_All figures in £_
Christian Aid
RE Inspired
Embrace Middle East
Royal Berkshire Hospital
Jubilee Centre Zambia
**Other Costs Total**
**C1: Tangible Assets**
**Cost**
At beginning of the year
Additions
Disposals
**At the end of the year**
**Depreciation**
At beginning of the year
Disposals
Depreciation
**At the end of the year**
Net Book Value at beginning of the year
**Net Book Value at end of the year**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
152,172
2,678
-
154,850
-
-
-
-
373
-
-
373
152
-
-
152
674
674
513
-
-
513
299
-
-
299
2,011
-
-
2,011
1,918
-
-
1,918
672
-
-
672
329
131
-
460
**157,102**
**2,809**
**-**
**159,911**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
24
24
1,740
1,740
144
144
10
10
-
-
-
-
1,918
-
-
1,918
**33,505**
18,227
-
**2020**
67,902
-
**2020**
**Fixtures, Fittings and**
**Equipment**
**£**
31,955
1,550
-
**1,256,038**
24,450
-
3,508
**21,735**
1,256,038
**11,770**
**1,163,686**
**92,352**
1,188,136
**Freehold Land and**
**Buildings**
**£**
-
13,728|**2019**
**Total**
199,031
-
1,528
1,286
733
1,936
2,107
7,590
3,065
2,598
1,231
**213,515**
**2019**
**Total**
24
1,740
144
10
1,147
3,065
**Total**
**£**
1,287,993
1,550
-
**1,289,543**
86,129
-
27,958
**114,087**
1,201,864
**1,175,456**|
|---|---|---|
Page 14 of 18
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS**
## **Notes to the Accounts for the year ended 31st December 2020 (continued)**
|**D1: Debtors**
_All figures in £_
**Prepayments and Accrued Income**
Gift Aid Claim
Prepayments
**Other Debtors**
Debtors for hall hire
Parish Share Rebate
Other debtors
**Debtors Total**
**D2: Cash at Bank and in Hand**
_All figures in £_
HSBC Current Accounts
CCLA Deposit Account
Cash in Hand
**Cash at Bank and in Hand Total**
**E1: Creditors, Amounts falling due within one year**
_All figures in £_
**Trade Creditors**
**Accruals for Grants Payable**
**Short-Term Repayment of Diocese Loan**
**Taxation and Social Security**
**Other Creditors**
Service Fees
Other accruals
Deferred income
**Creditors (within one year) Total**
**E2: Creditors, Amounts falling due after one year**
_All figures in £_
Loan Repayable to Diocese after one year
**Creditors (after one year) Total**|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
3,875
1,095
-
4,970
297
-
-
297
160
-
-
160
3,497
-
-
3,497
-
-
-
-
**7,829**
**1,095**
**-**
**8,924**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
25,550
25,550
15,692
25,524
10,000
51,216
-
-
**41,242**
**25,524**
**10,000**
**76,766**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
1,936
-
-
1,936
-
-
-
-
12,201
-
-
12,201
-
-
-
-
-
-
-
-
122
-
-
122
-
-
-
-
**14,259**
**-**
**-**
**14,259**
**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
17,466
-
-
17,466
**17,466**
**-**
**-**
**17,466**
**2020**
**2020**
**2020**
**2020**|**2019**
**Total**
6,064
3,905
4,891
3,449
195
**18,504**
**2019**
**Total**
43,229
17,250
-
**60,479**
**2019**
**Total**
1,523
2,500
13,068
-
684
3,080
412
**21,267**
**2019**
**Total**
29,632
**29,632**|
|---|---|---|
The loan was originally for £100,000 from the Oxford Diocesan Board of Finance and was used to help finance the building of the St Nicolas Centre. At 31st December 2020, £29,667 remained outstanding which is split between creditors falling due within one year and after one year. The final repayment is due in June 2023.
Page 15 of 18
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Notes to the Accounts for the year ended 31st December 2020 (continued)**
## **E3: Contingent Liability**
The Church owes £10,000 plus VAT in retentions under the contract for the building of the St Nicolas Centre. However, the builders did not complete the snagging and they have since gone into liquidation so this sum is being disputed. In early March 2021, the church instructed consultants to handle this matter.
No accrual has been made for this sum as it is uncertain as to how much, if any, will actually become due. There remains a balance of £13,110 in the St Nicolas Centre restricted fund which will cover any amount which might finally become due.
## **F1: Endowment Funds**
|_All figures in £_
Amos Sharp Fund
F1.1
**Total Endowment Funds**|**Opening**
**Balance**
**Income**
**Expenditure**
**Transfers**
**Closing**
**Balance**
10,000
-
-
-
10,000
**10,000**
**-**
**-**
**-**
**10,000**|
|---|---|
F1.1. The capital may be used to purchase fixed assets but must be rebuilt to £10,000. Any interest earned is transferred into general funds.
## **F2: Restricted Income Funds**
|_All figures in £_
Sue Watson Memorial Fund
F2.1
Loan fund
F2.2
Memory café
F2.3
Asset & maintenance fund
F2.4
Flower fund
F2.5
St Nicolas Centre
F2.6
Youth fund
F2.7
Church repair fund
F2.8
**Total Restricted Income Funds**
F2.1. Fund to purchase items visible in the Church.|**Opening**
**Balance**
**Income**
**Expenditure**
**Transfers**
**Closing**
**Balance**
1,833
-
-
-
1,833
-
8,119
-
(8,119)
-
198
14
-
-
212
-
1,023
(338)
(685)
-
-
-
-
-
-
7,277
8,173
(2,340)
-
13,110
-
500
(131)
-
369
-
10,000
10,000
**9,308**
**27,829**
**(2,809)**
**(8,804)**
**25,524**
F2.5. Fund for donations for flowers for the church|
|---|---|
F2.2. Fund for donations for the repayment of the Diocesan Loan F2.3. Fund for donations to the Memory Café
F2.4. Fund for donations for specific assets / maintenance costs
F2.6. Fund to build new St Nicolas Centre
F2.7. Fund for donations towards youth work
F2.8. Fund for donations for repairs to the church
## **F3: Unrestricted Funds**
|_All figures in £_
General Fund
Designated
Fixed Assets reserve
F3.1
Major Repairs Fund
F3.2
Total Designated Funds
**Total Unrestricted Funds**|**Opening**
**Balance**
**Income**
**Expenditure**
**Transfers**
**Closing**
**Balance**
2,777
131,414
(129,144)
32,762
37,809
1,201,864
1,550
-
(27,958)
1,175,456
6,000
140
-
4,000
10,140
**1,207,864**
**1,690**
**-**
**(23,958)**
**1,185,596**
**1,210,641**
**133,104**
**(129,144)**
**8,804**
**1,223,405**|
|---|---|
F3.1 Fixed asset reserve: amounts put aside by the PCC to fund the fixed assets of the church.
Page 16 of 18
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Notes to the Accounts for the year ended 31st December 2020 (continued)**
## **F3.2: Major Repairs Fund**
In 2013, the PCC created a designated Major Repairs fund to set aside monies to cover the expected costs of repairs and maintenance to the fabric of the church, the Centre and its grounds. During the year, an additional £4,140 was added to the fund. There is also a Restricted Fund of £10,000 available to be used for repairs to the Church (see note F2.8).
## **G1: Staffing Costs and Remuneration**
|_All figures in £_
Salaries and Wages
Employers NI
Pension Costs
**Total Staffing Costs**|**2020**
**2019**
26,428
32,595
-
-
432
263
**26,860**
**32,858**|
|---|---|
G2.1. The average number of employees in the year was 2 (2019: 3).
G2.2. No employees received emoluments over £60,000 during the current or prior year.
## **G2: Trustee and Staff Remuneration, Related Party Transactions, and Other Transactions**
## Trustee Remuneration
None of the trustees of the charity were paid any remuneration or received any other benefits from an employment with the charity or a related entity.
Trustee Expenses
In 2020, no trustees reclaimed expenses.
## Trustee Donations
The total amount of donations received without conditions from trustees in the year was £18,750.
Related Party Transactions
None
Audit, Independent Examination and Other Financial Service Fees
There were no audit or independent examination fees paid by the charity in the year.
Page 17 of 18
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF EARLEY ST NICOLAS Notes to the Accounts for the year ended 31st December 2020 (continued)**
## **G3: SOFA for the year ended 31st December 2019**
|All figures in £
Note
**Income and Endowments from:**
Donations and Legacies
A1
Charitable Activities
A2
Other Trading Activities
A3
Investments
A4
**Total Income and Endowments**
**Expenditure on:**
Raising Funds
B1
Charitable Activities
B2
Other
B3
**Total Expenditure**
Net Gains/(Losses) on Investments
**Net Income/(Expenditure)**
Transfers between Funds
**Other Recognised Gains/(Losses)**
Gains/(Losses) on Revaluation of Fixed Assets
**Net Movement in Funds**
**Reconciliation of Funds:**
Total Funds brought forward
Total Funds carried forward|**Unrestricted**
**Funds**
**Restricted**
**Funds**
**Endowment**
**Funds**
**Total**
140,127
17,135
-
157,262
4,291
-
-
4,291
48,224
1,704
-
49,928
318
286
-
604
**192,960**
**19,125**
**-**
**212,085**
520
565
-
1,085
206,112
7,403
-
213,515
-
-
-
-
**206,632**
**7,968**
**-**
**214,600**
-
-
-
-
**(13,672)**
**11,157**
**-**
**(2,515)**
35,065
(35,065)
-
-
-
-
-
**21,393**
**(23,908)**
**-**
**(2,515)**
1,189,247
33,216
10,000
1,232,463
1,210,640
9,308
10,000
1,229,948
**2019**|
|---|---|
Page 18 of 18
## **Independent examiner's report on the accounts**
## **Section A Independent Examiner’s Report**
**Report to the trustees/** Charity Name **members of** St Nicolas Church, Earley PCC **On accounts for the year** 31 December 2020 **Charity no** 1138037 **ended (if any) Set out on pages** 1 & 2 I report to the trustees on my examination of the accounts of the above charity (“the Trust”) for the year ended **31[st] December 2020** . **Responsibilities and** As the charity's trustees, you are responsible for the preparation of the **basis of report** accounts in accordance with the requirements of the Charities Act 2011 (“the Act”). I report in respect of my examination of the Trust’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination, I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
- **Independent** I have completed my examination. I confirm that no material matters have
- **examiner's statement** come to my attention in connection with the examination which gives me cause to believe that in, any material respect:
- the accounting records were not kept in accordance with section 130 of the Charities Act; or
- the accounts did not accord with the accounting records; or
- the accounts did 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.
|**Signed:**
**Name:**
**Relevant professional**
**qualification(s) or body**
**(if any):**
**Address:**|**Date:**|6thJune 2021|
|---|---|---|
||||
||||
||R A Sedgwick||
||||
||FCA. Fellow of the Institute of Chartered Accountants of England and Wales||
||||
||42 Gloucester Avenue, Shinfield, Reading, RG2 9GA||
||||
**Oct 2018**
> 1 **IER**
## **Section B Disclosure**
Only complete if the examiner needs to highlight material matters of concern (see CC32, Independent examination of charity accounts: directions and guidance for examiners).
**Give here brief details of any items that the examiner wishes to disclose** .
None
**Oct 2018**
> 2 **IER**