REGISTERED CHARITY NUMBER: 1144745
REPORT OF THE TRUSTEES AND
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
FOR
PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LAWRENCE STRATFORD-SUB-CASTLE
PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LAWRENCE STRATFORD-SUB-CASTLE
CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
| Page | |||
|---|---|---|---|
| Report oftheTrustees | 1 | to | 2 |
| Independent Examiner's Report | 3 | ||
| Statement of Financial Activities | 4 | ||
| Balance Sheet | 5 | ||
| Notes to the Financial Statements | 6 | to | 10 |
| DetailedStatementofFinancialActivities | 11 |
PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LAWRENCE STRATFORD-SUB-CASTLE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
The trustees present their report with the financial statements of the charity for the year ended 31 December 2020. The trustees have adopted the provisions of 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).
OBJECTIVES AND ACTIVITIES
Objectives and aims
The primary object of the PCC is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC co-operates with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical for the public benefit.
In addition to the regular magazine, the PCC promotes the reading room, also for the public benefit.
Significant activities
The PCC has hada difficult year with a deficit of £27,514 (2019 Surplus - £10,741) has arisen.
Grantmaking
The trustees of the PCC discuss and agree various donations to worthwhile causes.
Volunteers The trustees express huge thanks to all volunteers who work so hard to make our church the vibrant and lively community that it is.
FINANCIAL REVIEW
Investment policy and objectives
The investment policy of the trustees is necessarily cautious to take valuable care of the reserves available.
STRUCTURE, GOVERNANCE AND MANAGEMENT
Governing document
The PCC is a statutory body. Its composition is regulated by Church Representation Rules, which were created and amended under the Synodical Government Measure 1969. Their powers and duties are to be found mainly in those rules, in the Parochial Church Councils (Powers) Measure 1956 and elsewhere, piecemeal, in other statutes, measures and canons. Although PCC's have identifiable constitutional features, they do not individually have their own constitutions. The members of a PCC are treated as Charity Trustees for most purposes of charities legislation. The PCC is registered with the Charities Commission and has a charity number. The proceedings of all PCC's are required to be conducted in accordance with the charity legislation and must be minuted.
Recruitment and appointment of new trustees
Trustees are appointed from time to time as required.
Organisational structure
The St Lawrence Parochial Church Council, all of whom are Trustees, meet from time to time and are responsible for the governance and management of the PCC.
Risk management
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error. A risk register is in place and is reviewed frequently.
REFERENCE AND ADMINISTRATIVE DETAILS
Registered Charity number
1144745
Principal address
Portway Fosse
Stratford-Sub-Castle Salisbury Wiltshire SP1 3LD
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PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LAWRENCE STRATFORD-SUB-CASTLE
REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020
Trustees A Harrison H Lucas C Lush H Balston G James Rev Canon Jean de Garis C Long J Long K Baxter J Platt Rev S Wood-Roe- Minister
Independent Examiner Jeremy Hyde FCCA FCA LEES Chartered Certified Accountants 18 Glasshouse Studios Fryern Court Road Fordingbridge Hampshire SP6 1QX Approved by order of the board of trustees on 2 May 2021 and signed on its behalf by: JE Noedfre
Rev S Wood-Roe- Minister - Trustee
Page 2
INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LAWRENCE STRATFORD-SUB-CASTLE
Independent examiner's report to the trustees of Parochial Church Council of the Ecclesiastical Parish of St Lawrence Stratford-Sub-Castle | report to the charity trustees on my examination of the accounts of Parochial Church Council of the Ecclesiastical Parish of St Lawrence Stratford-Sub-Castle (the Trust) for the year ended 31 December 2020.
Responsibilities and basis of report
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).
| report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination | have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement | have completed my examination. | confirm that no material matters have come to my attention in connection with the
examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the Trust as required by section 130 of the Act: or 2. the accounts do not accord with those records; or
-
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.
| 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.
Le Gilets a sg ; Jeremy Hyde FCCA FCA LEES Chartered Certified Accountants 18 Glasshouse Studios
Fryern Court Road Fordingbridge Hampshire SP6 1QX
2 May 2021
Page 3
PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LAWRENCE STRATFORD-SUB-CASTLE
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
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||||||||
|---|---|---|---|---|---|---|
|2020|2019|
|Unrestricted|Total|
|fund|funds|
|INCOME|AND|ENDOWMENTS|FROM|Notes|£|i|
|Donations|and|legacies|44,859|78,186|
|Other trading|activities|2|6,279|18,194|
|Investment|income|3|3,265|2,529|
|Total|54,403|98,909|
|EXPENDITURE|ON|
|Raising|funds|4|11,996|16,373|
|Charitable|activities|
|Other|activities|71,913|76,252|
|Total|83,909|92,625|
|Net|gains|on|investments|1,992|4,457|
|NET INCOME/(EXPENDITURE)|(27,514)|10,741|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought|forward|263,155|252,414|
|TOTAL FUNDS|CARRIED FORWARD|235,641|263,155|
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The notes form part of these financial statements
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PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LAWRENCE STRATFORD-SUB-CASTLE
BALANCE SHEET
31 DECEMBER 2020
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|||||||||
|---|---|---|---|---|---|---|---|
|2020|2019|
|Unrestricted|Total|
|fund|funds|
|FIXED|ASSETS|Notes|£|£|
|Tangible assets|7|21,801|24,223|
|Investments|8|36,066|34,029|
|57,867|58,252|
|CURRENT ASSETS|
|Debtors|9|72|234|
|Cash|at|bank|178,063|205,199|
|178,135|205,433|
|CREDITORS|
|Amounts|falling|due within|one|year|10|(361)|(530)|
|NET CURRENT ASSETS|177,774|204,903|
|TOTAL ASSETS|LESS CURRENT|LIABILITIES|235,641|263,155|
|NET ASSETS|235,641|263,155|
|FUNDS|11|
|Unrestricted|funds|235,641|263,155|
|TOTAL FUNDS|235,641|263,155|
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The financial statements were approved by the Board of Trustees and authorised for issue on 2 May 2021 and were signed on its behalf by:
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)
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(N
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S Wood-Roe - Minister - Trustee
The notes form part of these financial statements
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PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LAWRENCE STRATFORD-SUB-CASTLE
- ACCOUNTING POLICIES
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020
Basis of preparing the financial statements
The financial statements of the charity, which is a public benefit entity under FRS 102, 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)', Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value.
Income All income is recognised in the Statement of Financial Activities once the charity has entitlement to the funds, it is probable that the income will be received and the amount can be measured reliably.
Expenditure
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 a transfer of economic benefits will be required in settlement and the amount of the obligation can be measured reliably. Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - 10% on cost Taxation The charity is exempt from tax on its charitable activities.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
OTHER TRADING ACTIVITIES
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|||||||
|---|---|---|---|---|---|
|2020|2019|
|Reading|£|£|
|room|booking|fees|4,579|14,972|
|Magazine|income|&|advertising|1,700|3,222|
|6,279|18,194|
|INVESTMENT|INCOME|
|2020|2019|
|Deposit|£|£|
|interest &|dividends|3,265|2,529|
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continued...
PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LAWRENCE STRATFORD-SUB-CASTLE
NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020
4. RAISING FUNDS
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|||||
|---|---|---|---|
|Raising|donations|and|legacies|
|2020|2019|
|Magazine|iS|£|
|Reading|costs|851|3,401|
|Support|room costs|8,723|10,281|
|costs|2,422|2,691|
|11,996|16,373|
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5. TRUSTEES’ REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2020 nor for the year ended 31 December 2019.
Trustees’ expenses
There were no trustees’ expenses paid for the year ended 31 December 2020 nor for the year ended 31 December 2019.
6. COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES
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||||||
|---|---|---|---|---|
|Unrestricted|
|fund|
|INCOME|AND|ENDOWMENTS|FROM|£|
|Donations|and|legacies|78,186|
|Other|trading|activities|18,194|
|Investment|income|2,529|
|Total|98,909|
|EXPENDITURE|ON|
|Raising|funds|16,373|
|Charitable|activities|
|Other|activities|76,252|
|Total|92,625|
|Net gains|on|investments|4,457|
|NET|INCOME|10,741|
|RECONCILIATION|OF|FUNDS|
|Total|funds|brought forward|252,414|
|TOTAL FUNDS|CARRIED|FORWARD|263,155|
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continued...
PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LAWRENCE STRATFORD-SUB-CASTLE
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2020
7. TANGIBLE FIXED ASSETS
| 7. | TANGIBLE FIXED ASSETS | |||
|---|---|---|---|---|
| Improvements | ||||
| to | ||||
| property | ||||
| COST | £ | |||
| At 1 January 2020 and 31 December2020 | 33,227 | |||
| DEPRECIATION | ||||
| At 1 January 2020 Charge foryear |
9,004 2,422 |
|||
| At31 December2020 | 11,426 | |||
| NET BOOK VALUE | ||||
| At 31 December2020 | 21,801 | |||
| At 31 December2019 | 24,223 | |||
| 8. | FIXED ASSET INVESTMENTS | |||
| Listed | ||||
| investments | ||||
| MARKET VALUE | £ | |||
| At 1 January2020 Additions |
34,029 2,037 |
|||
| At31December2020 | 36,066 | |||
| NET BOOKVALUE | ||||
| At 31 December2020 | 36,066 | |||
| At 31 December2019 | 34,029 | |||
| There were no investment assets outside the UK. | ||||
| 9. | DEBTORS: AMOUNTS FALLING DUEWITHIN ONEYEAR | |||
| 2020 | 2019 | |||
| Prepayments | £ | 72 | £ 234 |
|
| 10. | CREDITORS: AMOUNTS FALLING DUEWITHIN ONEYEAR | |||
| 2020 | 2019 | |||
| Other creditors | £ | 361 | £ 530 |
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continued...
- MOVEMENT IN FUNDS
PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LAWRENCE STRATFORD-SUB-CASTLE
NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2020
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||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
|Net|
|movement|At|
|At|1.1.20|in|funds|31.12.20|
|£|£|£|
|Unrestricted|funds|
|General|fund|263,155|(27,514)|235,641|
|TOTAL FUNDS|263,155|(27,514)|235,641|
|Net|movement|in|funds,|included|in|the|above|are|as|follows:|
|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in|funds|
|x|a|£|£|
|Unrestricted|funds|
|General|fund|54,403|(83,909)|1,992|(27,514)|
|TOTAL FUNDS|54,403|(83,909)|1,992|(27,514)|
|Comparatives|for movement|in|funds|
|Net|
|movement|At|
|At|1.1.19|in|funds|31.12.19|
|Unrestricted|funds|ra|£|£|
|General|fund|252,414|10,741|263,155|
|TOTAL|FUNDS|252,414|10,741|263,155|
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Comparative net movement in funds, included in the above are as follows:
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||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in|funds|
|£|£|£|£|
|Unrestricted|funds|
|General|fund|98,909|(92,625)|4,457|10,741|
|TOTAL FUNDS|98,909|(92,625)|4,457|10,741|
|A|current year year|12|months|and|prior year year|12|months|combined|position|is|as|follows:|
|Net|
|movement|At|
|At|1.1.19|in|funds|31.12.20|
|£|£|£|
|Unrestricted|funds|
|General|fund|252,414|(16,773)|235,641|
|TOTAL FUNDS|252,414|(16,773)|235,641|
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A current year year 12 months and prior year year 12 months combined position is as follows:
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continued...
PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LAWRENCE STRATFORD-SUB-CASTLE
NOTESFORTOTHETHEYEARFINANCIAL ENDEDSTATEMENTS31 DECEMBERcontinued2020
11. MOVEMENT IN FUNDS- continued
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
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|||||||
|---|---|---|---|---|---|
|Incoming|Resources|Gains|and|Movement|
|resources|expended|losses|in|funds|
|£|E|£|E|
|Unrestricted|funds|
|General|fund|153,312|(176,534)|6,449|(16,773)|
|TOTAL FUNDS|153,312|(176,534)|6,449|(16,773)|
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- RELATED PARTY DISCLOSURES
There were no related party transactions for the year ended 31 December 2020.
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PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST LAWRENCE STRATFORD-SUB-CASTLE
DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020
| 2020 | 2019 | |
|---|---|---|
| £ | £ | |
| INCOME AND ENDOWMENTS | ||
| Donations and legacies Gifts Donations &appeals Gift aid Feesand charges |
37,493 815 4,769 1,782 |
65,832 1,888 7,223 3,243 |
| 44,859 | 78,186 | |
| Othertrading activities | ||
| Reading room booking fees Magazine income& advertising |
4,579 1,700 |
14,972 3,222 |
| 6,279 | 18,194 | |
| Investment income | ||
| Deposit interest& dividends | 3,265 | 2,529 |
| Total incoming resources | 54,403 | 98,909 |
| EXPENDITURE | ||
| Raising donations and legacies | ||
| Magazine costs Reading room costs |
851 8,723 |
3,401 10,281 |
| 9,574 | 13,682 | |
| Charitable activities | ||
| Parishshare Clergyexpenses Fabric& insurance Administration & othercosts Repairs & maintenance |
33,179 204 6,039 14,538 17,953 |
29,886 517 8,321 11,472 26,056 |
| 71,913 | 76,252 | |
| Support costs | ||
| Other | ||
| Improvements to property | 2,422 | 2,691 |
| Total resourcesexpended | 83,909 | 92,625 |
| Net (expenditure)/income before gains and | ||
| losses | (29,506) | 6,284 |
| Realised recognised gains and losses | ||
| Realised gains/(losses) on fixed asset | ||
| investments | 1,992 | 4,457 |
| Net(expenditure)/income | (27,514) | 10,741 |
This page does not form part of the statutory financial statements
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