## **St Philip’s Church Sheffield** **Registered Charity Number 1161810** **Trustees’ Annual Report and Financial Statements for the Year ended 31[st] December 2020** **St Philip’s Church, Sheffield** ## **Trustees’ Annual Report for the year ended 31 December 2020** ## **Contents** |**Contents**|| |---|---| ||**Page**| |**Trustees’ Annual Report**|**2**| |Objectives, public benefit and activities|2| |Achievements and performance|3| |Financial review|3| |Structure, governance and management|4| |Reference and administration details|5| |Trustees’ declaration|5| |**Financial Statements**|**6**| |Statement of Financial Activities|6| |Statement of Financial Position (Balance Sheet)|7| |Statement of Cash Flows|8| |**Notes to the Financial Statements**|**9**| |1. Basis of preparation|9| |2. Accounting policies|9| |3. Income breakdown|11| |4. Expenditure breakdown|11| |5. Trustee remuneration and related party transactions|14| |6. Preparation and examination of the financial statements|15| |7. Employees|15| |8. Pensions|16| |9. Tangible assets|17| |10. Debtors and prepayments|17| |11. Cash at hand and in bank|17| |12. Creditors and accruals|17| |13. Funds|18| |14. Grants over £1,000 from institutions|19| |15. Grants to institutions|19| |16. Operating lease|19| |17. Capital commitments|19| |**Independent Examiner’s Report**|**20**| 1 **St Philip’s Church, Sheffield** **Trustees’ Annual Report for the year ended 31 December 2020** The Trustees are pleased to present their Annual Report together with the independently examined financial statements for the year ended 31 December 2020. ## **Objectives, public benefit and activities** ## **Aims and Objectives** The body of Trustees (usually known as the Church Council) has the responsibility of co-operating with the Church leaders and the staff team of St Philip’s Church in promoting the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the Church base and property. The vision of the Church is to be a community of prayer and mission . We aspire to be an authentic, brave creative and devoted community who, inspired by the words and ways of Jesus, see transformation in people and communities. The Church’s main object is: To advance the Christian faith in the Area of Benefit in accordance with the principles and practices of the Participating Churches. Our main object is to build a missionary training base within which we aim to train and equip missionary leaders. Those equipped go on to lead in a variety of church and community contexts seeking to bring transformation. ## **Statement of Public Benefit** The Trustees confirm that they have referred to the guidance contained in the Charity Commission’s general guidance on public benefit when reviewing the Church’s aims and objectives and in planning future activities. The Trustees are also aware of the Charity Commission’s guidance on public benefit in The Advancement of Religion for the Public Benefit and have had regard to it in their administration of the Church. The Church provides the following activities for the benefit of the general public : - The celebration of public worship; - The teaching of the Christian faith; - mission and evangelism; - pastoral work, including visiting the sick and the bereaved; - the provision of facilities with a Christian ethos for the local community, including (but not restricted to) the elderly, the young and other groups with special needs; and - the support of other charities in the UK and overseas. The Trustees confirm that they have complied with their duties under section 17 of the Charities Act with regard to public benefit. ## **Activities** Due to the pandemic our gatherings moved online as did our weekly prayer meetings. Several other aspects of our work also moved online- notably we ran Alpha online and men’s and women’s discipleship groups. We also began several online children’s cells. A number of the church’s missional communities came to an end with a view to forming new communities with a more geographic focus. 2 **St Philip’s Church, Sheffield** ## **Trustees’ Annual Report for the year ended 31 December 2020** It was hoped that the church would recruit a Families Outreach Worker after securing some grant funding, but this was delayed by the pandemic which allowed time for the role to be reshaped with a view to recruiting in 2021. ## **Contribution of Volunteers** All Church members are expected to be volunteers to a greater or lesser extent. All Church activities rely heavily on volunteer contribution in time, effort and prayer. ## **Achievements and performance** In 2020 the church went through a number of significant transitions in its life exacerbated by the unprecedented events concerning the Covid-19 pandemic. After a thorough review of its life marked by a 10year anniversary since the church’s conception the leaders shared a renewed and simplified vision for the next 5 years. During the year the church made the decision to move on from its current premises and to rent facilities for gathering as and when required. This was part of a wider move towards increased simplicity and a more local geographic focus for its communities. A move to being online required some investment in technology and accelerated the process of redeveloping our website which was also completed this year. ## **Financial Review** ## **Budget and Reserves** The Church’s core activities run on the income of the General unrestricted fund. Each year the Church leaders prepare a budget which is closely monitored during the year. As part of the process church members are asked to pray and as an expression of their faith in God to make a commitment of how much they will give to the General Fund during the year. This process is expected to be continued for future years. The Church has about 35 committed regular givers. At the year-end it had built up operating capital of £45,583 in its General Fund, equivalent to 6.0 months running costs. The trustees are happy with 2 months running costs as the level to be maintained as a buffer against unforeseen circumstances. ## **Risk Management** The Trustees have given due consideration to the health, safety data protection and financial risks it faces in managing the operations of the Church. They believe they have in place adequate systems to monitor and control health and safety issues as they arise. They believe they have devised an appropriate system for the authorisation, recording and control of accounting and financial information sufficient to show and explain the financial transactions of the Church. Overall financial supervision by the Trustees is maintained by the use of budgetary control, monthly financial statements and special reports. 3 **St Philip’s Church, Sheffield** **Trustees’ Annual Report for the year ended 31 December 2020** ## **Review of the Financial Statements** Total income (including restricted income) was £111,504. The main sources of income were church members giving, including gift aid (81%), grants to restricted funds (8%) and lettings (8%). Total expenditure (including restricted expenditure) was £102,215 The major areas of expenditure were staff (42%), rent, maintenance and administration (40%), charitable gifts (9%) and ministry (13%). ## **Structure, governance and management** ## **Governing Document** The Church Council (the body of Trustees) is a corporate body established by the Church of England and the Baptist Union of Great Britain under the Local Ecumenical Partnership LEP Constitution of St Philip’s Church and operating under the Parochial Church Council Powers Measure. It became a registered charity on 26[th] May 2015. The Church is governed by a constitution adopted 25[th] January 2015. ## **Recruitment and Appointment of Trustees** The Church Council is made up of: - Ex officio Trustees - the Ministers of the LEP and the Office Manager; - Elected Trustees - elected at the Annual Congregational Meeting; and, - Co-opted Trustees (known to the Church as Church Wardens) who are recommended by the leadership team to the Trustees for a formal vote of agreement to be taken. If agreed by the trustees, this recommendation is further taken to the Annual Congregational Meeting for a vote of ratification by the membership of the church. Church Wardens should be representative of both denominational streams where possible. Elected and co-opted trustees are appointed for a term of three years and may be re-elected at the end of their term. They must be at least 18 years old and be Church members. Further details concerning trustees are to be found in the constitution. ## **Induction and Training of Trustees** New trustees undergo orientation to brief them on their roles and responsibilities, their legal obligations under charity law, the content of the constitution, the decision-making process and the recent financial performance of the Church. ## **Membership of the Church** People are entitled to become members of the Church if: - They have been a regular participant in the life of the church for a year or more; - They are member of a missional community, small group or huddle within the church; - They are over the age of 16; - They are sympathetic to mainstream Christian doctrine as defined by Churches Together in England; and, - They actively choose to become a member. The Trustees are required to keep a membership roll which must be made available to any member on request. Further details concerning membership can be found in the constitution. 4 St Philirfs Churth. Shelfield At the end 012020 the e￿olled rnember5hip was a5 foll Baptists Angllcans Enrolled but [￿t affillated to •ther denominatkln 39 Identified a5 regular participnts but not YW enrdltd 12 Oryanlsatlonal Strurture The Church Q>uncil delegates the day-ttrday mana8ement ofthe Chwch to the staff team headed by the Church Lèaders, David and Sarah Ducker. Thestaff team compri5e5 both p•id employees and volunteers." They under80 trainiw appropriate to the•r areas of responsibmity. Mi$5ion?I communlty leaders ha¥e pastoral owsight ofthe member5oftheir cornmunlties they are Iccountable to the Church Leaders. Reference and admlnlstratloft detslls St Phlllp's Churth Charltyname Reglstered Charity number 1161810 Address The Stamp House. 52 8ank Strrt Sheineld. Sl 2DS Website www.siphillpssheffleld.or8 Trustees- eX￿N¢10 Mr David IXKker (Jolnt Clwrch Leader) Mts Sarah Ducker (Jolnt Church Lthwlerl Cw)ted tn￿teeS (Church Wardens) kn VemoTrEdwafd5 Mr Matthew Atkins Elected trustees MTS Hannah Rona (until 15 June 20211 Mr David Crai8 {unttl 16, Seplember 20201 Mrs Kirsty Hunsley (until 16 September 20201 Mrs Helen Watson lunlil 16th Septembv 20201 fvlrTom Rattigan (until 16 September 20201 IAS Safah Appleton (until 16 Sepiember 2020> IAlss Deborah Green lappointed IS November 20201 Mr Peter Holt lappointed 15 Novethr 20201 MrAdam Newell (appolnted November 20201 Trustee< dedaration The current Tnlstees de(lare that they apwo*d the Annual Report on thè date: Signed on thelr behalf by Mr Matthew Atkins, Chair otTrustees ## **St Philip's Church, Sheffield Statement of Financial Activities for the year ended 31 December 2020** ||**Notes**|**General**
**Designated -**
**Capital**
**Unrestricted Funds**|
**ED Pastors**
**Arise**
**Community Parson Cross**
**Intern &**
**Leadership**
**Support**
**Prison**
**Ministry**
**Families**
**Outreach**
**Generosity**
**Pot**
**------------------------------------- Restricted Funds ----------------------------------**|**Total**
**2020**
**Total**
**2019**| |---|---|---|---|---| |**Income from:**||**£**
**£**|**£**
**£**
**£**
**£**
**£**
**£**
**£**|**£**
**£**| |Donations & grants|3.1|91,589
-|-
350
-
2,433
438
6,500
1,327|102,637
99,545| |Charitable activities|3.2|-
-|-
-
-
-
-
-
-|-
-| |Other trading activities|3.3|8,840
-|-
-
-
-
-
-
-|8,840
17,592| |Investments (Bank interest)||27||27
55| |**Total Income**||**100,456**
**-**|**-**
**350**
**-**
**2,433**
**438**
**6,500**
**1,327**|**111,503**
**117,192**| |**Expenditure on:**||||| |**Charitable activities:**||||| |Staff|4.1|42,090
-|-
-
-
-
489
-
-|42,579
50,299| |Ministry|4.2|1,586
-|-
379
3,348
3,618
-
-
250|9,180
15,328| |Venue - The Printhouse|4.3|33,556
-|-
-
-
-
-
-
-|33,556
39,535| |Administration|4.4|7,387
-|-
-
-
-
-
-
-|7,387
680| |Independent examiner|4.5 & 6|300
-|-
-
-
-
-
-
-|300
300| |Charitable Gifts|4.6|6,274
-|1,000
-
-
-
-
-
1,939|9,212
11,583| |**Total Expenditure**||**91,192**
**-**|**1,000**
**379**
**3,348**
**3,618**
**489**
**-**
**2,189**|**102,214**
**117,725**| |||||| |**Net Income /(Expenditure)**||**9,264**
**-**|**(1,000)**
**(29)**
**(3,348)**
**(1,185)**
**(51)**
**6,500**
**(862)**|**9,289**
**(533)**| |Adjustment||||-| |**Net movement in funds**||**9,264**
**-**|**(1,000)**
**(29)**
**(3,348)**
**(1,185)**
**(51)**
**6,500**
**(862)**|**9,289**
**(533)**| |Total funds at 01 January 2020||36,320
-|1,000
53
7,867
1,185
51
-
1,024|47,500
48,033| |**Funds at 31 December 2020**||**45,583**
**-**|**-**
**24**
**4,519**
**-**
**-**
**6,500**
**162**|**56,789**
**47,500**| 6 St Phlllp's Churth. 5h*ffiekl Statement of Flnandal Position as at 31 December 2020 (Balance Sheetl ED P•¥tws s• P•nofv pl1￿Tr F•rnlbes G•nero Mknlsiry (xth•¢h Cornm¥nlly Totsl 2020 7ot•l 2019 Foxed Assets Equipm•ni, fix¢ur•s & flttin Current Assets Debtor5 Cash at bank and In hand Total current 4$3ets io li 14,738 39.755 54h93 35 135) li 151 14,784 50,914 fj5,fi9 24 4,519 6.5C 39.372 48,170 162 Uabllltles redltors: Amounts falllrq thje . wlthln one year 12.1 Net Current assets 18,9091 18,9C81 7701 45,583 24 4,519 4.S19 162 56,789 56,789 47,5 Totol assets less current h'•bllllle5 24 162 47,% Credltors: Amounts lalllw ￿e after more than one ￿at 12.2 T*)tal n•t 4ss•ts 4Jlg 47.500 Funds Unrestricted Funds Restrlcted Funds 45,583 45,583 11.205 36.320 11.179 24 4.519 162 Total Fund$ 56,789 47.S(A) The flnanclal statementsand note5 on pa￿5 6 to 19were apprcp4e41 bythE tru51ee5 on the d*e I Ilz and S￿r￿ on thelr behalf by". Mf Mattht* AtkSn5, Chalr ofTNrtees **St Philip's Church, Sheffield** ## **Statement of Cash Flows** ## **for the year ended 31 December 2020** |Net income / (expenditure) for the year
**Adjustments for:**
Depreciation charges
Interest receivable
(Increase)/decrease in Debtors
Increase/(decrease) in Creditors
**Net cash provided by /(used in) operating activities**
**Statement of cash flows**
Net cash provided by /(used in) operating activities
**Cash flows from investing activities**
Bank interest
(Purchase of tangible assets)
Sale of tangible fixed assets
Loss / (Gain) on sale of assets
**Change in cash in the year**
Cash at bank and in hand at beginning of the year
**Cash at the end of the year**
**Analysis of cash at year end**
Petty cash
Cash at CAF Bank
**Total cash held**
**Reconciliation of net income/(expenditure) to net cash**
**flow from operating activities**|**2020**
**£**
9,289
-
(27)
(5,886)
8,139
**11,515**
11,515
27
-
-
-
11,542
39,372
**50,914**
54
50,860
**50,914**|**2019**
**£**
(533)
844
(55)
(505)
(941)
**(1,190)**
(1,190)
55
-
-
-
(1,135)
40,506
**39,371**
34
39,338
**39,372**| |---|---|---| 8 **St Philip's Church, Sheffield Notes to the financial statements** ## **1. Basis of preparation** ## **1.1 Basis of accounting** These accounts have been prepared on the going concern basis the historical cost convention in accordance with: - a) Accounting and Reporting by Charities – Statement of Recommended Practice - Charities SORP FRS 102 - b) The Charities Act 2011. - c) The Church Accounting Regulations 2015 ## **1.2 Change in basis of accounting - none** ## **2. Accounting policies** ## **2.1 Form of Financial Statements** Fund movements and balances are split between general, designated and restricted funds. **General funds** The funds of the Church that are not subject to any restrictions regarding their use and are available for the general purposes of the Church. **Designated funds** Funds set aside out of general funds by the Trustees for a specific purpose over whose use and purpose the Council of Trustees has discretion. **Restricted funds** Funds subject to specific conditions imposed by the donor(s) or by specific terms of a trust deed or other legal measure. All funds over which the Council of Trustees has use, control and management are consolidated in the full financial statements. ## **2.2 Income** **Recognition of** Income is included in the Statement of Financial Activities (SoFA) **income** when: - the Church becomes entitled to it; - the trustees are virtually certain they will receive it; and - the monetary value can be measured with sufficient reliability. **Income with related** Where incomes has related expenditure (as with fundraising or **expenditure** contract income) the incomes and its related expenditure are reported gross in the SoFA. **Grants and donations** Grants and donations are only included in the SoFA when the Church has unconditional entitlement to them. **Tax reclaims on** Income from tax reclaims is included in the SoFA at the same time **donations and gifts** as the gifts to which it relates. **Contractual income** This is only included in the SoFA once the related goods or services **and performance** have been delivered. **related grants** 9 **St Philip's Church, Sheffield Notes to the financial statements** ## **Gifts in kind** Gifts in kind are accounted for at a reasonable estimate of their value to the Church or the amount actually realised. Gifts in kind for sale or distribution are included in the accounts as gifts only when sold or distributed by the Church. Gifts in kind for use by the charity are included in the SoFA as income when receivable. **Donated services and** These are only included in incoming resources (with an equivalent **facilities** amount in resources expended) where the benefit to the charity is reasonably quantifiable, measurable and material _._ The value placed on these resources is the estimated value to the charity of the service or facility received. **Volunteer help** The value of any voluntary help received is not included in the accounts but is described in the trustees’ annual report. **Investment income** This is included in the accounts when receivable. It consists only of bank interest. ## **2.3 Expenditure and Liabilities** **Liability recognition** Liabilities are recognised as soon as there is a legal or constructive obligation committing the Church to pay out resources. **Gifts and grants** Where the Church gives a grant either with conditions for its payment being a specific level of service or output to be provided or with no conditions, such grants are recognised in the SoFA as soon as they have been paid to the recipient. ## **2.4 Pension Costs** **Employer** Employer contributions to are charged to expenditure each month. **contributions** This applies to all eligible employees whether or not they have signed up to the staff pension scheme. All contributions payable to the pension scheme are paid when due. ## **2.5 Assets** **Properties** To date the Church owns no properties. **Equipment, Fixtures** These are capitalised if they can be used for more than one year, **and Fittings** and cost at least £500. They are valued at cost or a reasonable value on receipt. **Depreciation** Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life as follows: Equipment, fixtures and fittings - 25% per annum straight line. ## **2.6 Taxation** The Church is not liable to income tax or capital gains tax on its charitable activities. Irrecoverable VAT is included in the asset cost or expense to which it relates. 10 ## **St Philip's Church, Sheffield** ## **Notes to the financial statements** |**Notes**
**General**
**Capital**
**ED Pastors**
**Arise**
**Community Parson Cross**
**Intern &**
**Leadership**
**Support**
**Prison**
**Ministry**
**Families**
**Outreach**
**Generosity**
**Pot**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**3**
**Income breakdown**(where required)
**3.1**
**Donations & grants**
Members' committed giving
74,249
-
-
-
-
-
-
-
-
Other offerings
150
-
-
350
-
-
350
-
1,161
Gift-aid tax recovery
15,714
-
-
-
-
-
88
-
165
Grants from organisations
1,476
-
-
-
-
2,433
-
6,500
-
91,589
-
-
350
-
2,433
438
6,500
1,327
**3.2**
**Charitable activities**
There was no income from charitable activities during the year
-
-
-
-
-
-
-
-
-
**3.3**
**Other trading activities**
Lettings
8,790
-
-
-
-
-
-
-
-
Payroll services
50
-
-
-
-
-
-
-
-
8,840
-
-
-
-
-
-
-
-
**4**
**Expenditure breakdown**(where required)
**Charitable activities:**
**4.1**
**Staff**
Payroll - core employees
36,587
-
-
-
-
-
-
-
-
Payroll - other employees
4,511
-
-
-
-
-
489
-
-
Staff expenses
992
-
-
-
-
-
-
-
-
42,090
-
-
-
-
-
489
-
-
**Unrestricted Funds**
**------------------------------------- Restricted Funds ----------------------------------**|**Total 2020**
**£**
74,249
2,011
15,967
10,409
102,637
-
-
8,790
50
8,840
36,587
5,000
992
42,579|**Total 2019**
**£**
67,453
4,066
15,603
12,424
99,546
-
-
17,592
-
99,546
41,056
5,726
3,517
50,299| |---|---|---| 11 ## **St Philip's Church, Sheffield** ## **Notes to the financial statements** |**Notes**
**General**
**Capital**
**ED Pastors**
**Arise**
**Community Parson Cross**
**Intern &**
**Leadership**
**Support**
**Prison**
**Ministry**
**Families**
**Outreach**
**Generosity**
**Pot**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**Unrestricted Funds**
**------------------------------------- Restricted Funds ----------------------------------**
**4.2**
**Ministry**
Whole church gatherings
444
-
-
-
-
-
-
-
-
PA/Worship
76
-
-
-
-
-
-
-
-
Youth, Children & families
169
-
-
-
3,325
-
-
-
-
Leaders & members training
22
-
-
-
-
3,236
-
-
-
Pastoral support
6
-
-
-
-
-
-
-
-
Prayer
-
-
-
-
-
-
-
-
-
Hospitality
90
-
-
-
-
-
-
-
-
Novitiate / Intern support
605
-
-
-
-
382
-
-
-
Mission Focus - Parson Cross
152
-
-
-
23
-
-
-
-
City Centre Mission
20
-
-
-
-
-
-
-
-
Other mission activity
-
-
-
379
-
-
-
-
250
1,586
-
-
379
3,348
3,618
-
-
250
**4.3**
**Venue - The Printhouse**
Business rates
-
-
-
-
-
-
-
-
-
Lease of The Printhouse
25,486
-
-
-
-
-
-
-
-
Insurance
1,240
-
-
-
-
-
-
-
-
Utilities
2,403
-
-
-
-
-
-
-
-
Telephone & broadband
1,015
-
-
-
-
-
-
-
-
Worship licences
395
-
-
-
-
-
-
-
-
Waste collection
568
-
-
-
-
-
-
-
-
Repairs & sundries
2,258
-
-
-
-
-
-
-
-
Events sundries
190
-
-
-
-
-
-
-
-
Capitalised additions
9
-
-
-
-
-
-
-
-
-
Capitalised disposals
9
-
-
-
-
-
-
-
-
-
Depreciation
9
-
-
-
-
-
-
-
-
-
33,555.76
-
-
-
-
-
-
-
-
**4.4**
**Administration**
Stationery, office supplies, software, bank cha
625
-
-
-
-
-
-
-
-
IT
363
-
-
-
-
-
-
-
-
Communications
1,990
-
-
-
-
-
-
-
-
Accounting Fees
4,410
-
-
-
-
-
-
-
-
Contingencies & miscellaneous
-
-
-
-
-
-
-
-
-
7,387
-
-
-
-
-
-
-
-|**Total 2020**
**£**
444
76
3,494
3,258
6
-
90
988
175
20
629
9,180
-
25,486
1,240
2,403
1,015
395
568
2,258
190
-
-
-
33,556
625
363
1,990
4,410
-
7,387|**Total 2019**
**£**
866
-
7,023
2,294
69
(3)
178
3,029
609
609
1,261
15,328
-
25,000
1,104
3,132
1,000
395
1,079
6,831
152
-
-
844
39,535
451
210
-
-
18
680| |---|---|---| 12 **St Philip's Church, Sheffield** ## **Notes to the financial statements** |**Notes**
**4.5**
**Independent Examiner**
**4.6**
**Charitable gifts**
All Nations Student - Susie Boyce
Baptist Union
Ben's Centre
Big Life India
Cathedral Archer Project
Ethiopian Nurse, Netsanet
Frank Stammel ministry support
Helen Lowe Mozambique after fire damage
Home Offering
Hope English School
Kate Smith, Romania
Lesotho Vvula Amehlo Trust
Lydia Donaldson Mozambique re Burglary
Networks Romania
Open Doors
Parson Cross Community Development
S Yorks Chaplaincy Listening Service
Sheffield Diocese
Together for Schools
YBA Home Mission & other YBA|**General**
**Capital**
**ED Pastors**
**Arise**
**Community Parson Cross**
**Intern &**
**Leadership**
**Support**
**Prison**
**Ministry**
**Families**
**Outreach**
**Generosity**
**Pot**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**£**
**Unrestricted Funds**
**------------------------------------- Restricted Funds ----------------------------------**
300
-
-
-
-
-
-
-
-
-
24
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
173
-
-
-
-
-
-
-
-
805
-
-
-
-
-
-
-
-
15
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
220
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
49
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
408
-
-
-
-
-
-
-
-
-
3,750
-
-
-
-
-
-
-
-
-
-
1,000
-
-
-
-
-
270
2,500
-
-
-
-
-
-
-
-
6,274
-
1,000
-
-
-
-
-
1,939|**Total 2020**
**£**
300
-
24
173
805
15
-
-
-
220
-
-
-
-
49
-
408
-
3,750
1,270
2,500
9,212|**Total 2019**
**£**
300
432
92
-
-
109
350
200
250
-
30
48
369
200
-
221
-
8,000
-
-
1,283
11,583| |---|---|---|---| 13 ## **St Philip's Church, Sheffield Notes to the financial statements** ## **5 Trustee Remuneration and related party transactions** ## **5 Reimbursements** |**Reimbursements**
**2020**
Number of trustees reimbursed
3
**£**
Provision of lodging for intern
-
Training for ministry
3,941
Church activities
136
Gifts forwarded
-
Staff expenses & hospitality
176
Venue and office sundries
885
5,138
Travel and other out of pocket expenses were reimbursed to trustees as follows.|**2019**
6
**£**
1,440
356
1,213
200
292
334
3,835| |---|---| ## **5 Pay and benefits** During the year 2 of the trustees were paid for their services as employees. They benefitted as follows: |as follows:||||| |---|---|---|---|---| ||**------ 2020 ------**||**------ 2019 ------**|| ||**Salary**|**Pension**|**Salary**|**Pension**| |||**Contributions**||**Contributions**| ||**£**|**£**|**£**|**£**| |Bethany Atkins (Operations Manager)|-|-|2,862|253| |Bethany Atkins' 2019 salary above includes £2,330 SMP later recovered from HMRC||||| |David Craig (Operations Manager)|-|-|8,071|537| |David Ducker (Joint Church Leader)|11,537|784|11,412|775| |Sarah Ducker (Joint Church Leader)|11,537|784|11,412|775| ## **5 Gifts from Trustees** All members of the Church, including Trustees, are expected to give generously to the Church to support its ministry. This is part of their expression of faith in God. No trustee gave larger gifts than the norm to the Church. No trustee sought to influence the activities of the Church by the amount that he or she gave. ## **6 Summary declaration** Excluding the above amounts received or given, no trustee or other person connected to the Church had any personal interest in any contract or transaction related to the Church during the year. 14 **St Philip's Church, Sheffield Notes to the financial statements** ## **6 Preparation and examination of the financial statements** These statements have been prepared by an outsourced accountant who prepares the Church's monthly accounts. They have been examined by an independent examiner. ||**2020**|**2019**| |---|---|---| ||**£**|**£**| |Provision for Independent Examiner's fee & costs|300|300| ## **7 Employees** No employee earned more than £60,000 during the year. |**Payroll costs**
Central Ministry & Administration
Events Manager
Prison Ministry
**Payroll breaks down as:**
Gross pay to employees
Employer's national insurance
Employment Allowance
Statutory Maternity Pay recoverable from HMRC
Employer's pension contributions
**Average head count**
Full-time employees
Part-time employees
**Full time equivalent employees**
General Ministry & Administration
Events Manager & cleaners
Prison Ministry|**2020**
**£**
36,587
4,511
489
41,587
39,333
898
(1,021)
101
2,276
41,587
0.0
4.1
4.1
1.1
0.4
0.1
1.6|**2019**
**£**
41,056
5,195
531
46,782
46,307
899
(899)
(2,400)
2,875
46,782
0.0
6.0
6.0
1.1
0.2
0.0
1.4| |---|---|---| ## **Payroll assistance to other employers** Two employees also worked part-time for another charity, Anglican Church Planting Initiatives (ACPI). Their ACPI hours are paid through the Church payroll and the costs are recharged to ACPI. The ACPI payroll costs are not included in the above figures. 15 ## **St Philip's Church Sheffield Notes to the financial statements** ## **8 Pensions** The Church participates in the Pension Builder 2014 scheme section of the Church Workers Pension Fund (CWPF) for lay staff. The Scheme is administered by the Church of England Pensions Board, which holds the assets of the scheme separately from those of each participating employer. The CWPF has a section known as the Defined Benefits Scheme, a deferred annuity section known as Pension Builder Classic and a cash balance section known as Pension Builder 2014. The Pension Builder 2014 scheme is classed as a defined benefit scheme (because it guarantees a minimum payout at Normal Retirement Age) though it has all the elements of a money-purchase scheme. It meets the Pension Regulator’s auto enrolment requirements. Pension Builder 2014 is a cash balance scheme that provides a lump sum that members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. This account may have bonuses added by the Board before retirement. The bonuses depend on investment experience and other factors. There is no requirement for the Board to grant any bonuses. The account, plus any bonuses declared, is payable from members' Normal Pension Age. There is no sub-division of assets between employers in each section of the Pension Builder Scheme. The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS102 as it is not possible to attribute the Pension Builder Scheme's assets and liabilities to specific employers. This means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to expenditure (in the SoFA) in the year are contributions payable plus any contributions calculated and set aside by the Church where pensionable salary details have not been brought up to date by the Pensions Board. A full actuarial valuation of the Pension Builder Scheme is carried out once every three years; the next full actuarial valuation is due as at 31 December 2022. A snapshot was provided at 31 December 2020: for the Pension Builder 2014 section, the valuation revealed a surplus of £7.2m on the ongoing assumptions used. There is no requirement for deficit payments by participating employers at the current time. The next full actuarial valuation is due as at 31 December 2022. The legal structure of the scheme is such that, in the event of a scheme deficit, if another employer fails, St Philip's Church could become responsible for paying a share of the failing employer's pension liabilities. At 31 December 2020 the Church had 3 active members in the Pension Builder 2014 section. The Church contributes 7% of basic salary (which includes 1% for death in service cover of 4 times salary) and the employees are required to contribute a minimum contribution of 2%. The employer's contributions for the year totalled £2,276 (2019 - £2,872). 16 ## **St Philip's Church, Sheffield Notes to the financial statements** ## **9 Tangible fixed assets** The Church owns no land or buildings. Its only fixed assets consist of equipment, fixtures and fittings. |**Cost**
Brought forward
Additions
Disposals
Total at the end of the year
**Depreciation**
Brought forward
On disposals
Charge for the year
Total at the end of the year
Net book value at the end of the year
Net book value at the beginning of the year
**10**
**Debtors and Prepayments**
Accounts receivable
Gift Aid - income tax recoverable
HMRC Statutory payment recovery
Prepayments
Sundry debtors
**11**
**Cash at Bank and in Hand**
Cash at Bank
Cash in Hand
**Total Current Assets**
**12**
**Creditors and Accruals**
**12.1 Creditors due within one year**
Trade creditors
Pension contributions accrual
PAYE tax & national insurance
Sundry creditors and accruals
**12.2 Creditors: amounts falling due after more than one**
There were no long term creditors|**2020**
**£**
15,991
-
-
15,991
15,991
-
-
15,991
-
-
**£**
-
8,275
-
6,509
-
14,784
**£**
50,860
54
50,914
65,698
**£**
7,778
209
169
754
8,909
**year**
-
-|**2019**
**£**
15,991
-
-
15,991
15,147
-
844
15,991
-
844
**£**
157
3,994
4,304
443
-
8,898
**£**
39,338
34
39,372
48,270
**£**
472
(52)
350
770
-
-| |---|---|---| 17 **St Philip's Church Sheffield Notes to the financial statements** ## **13 Funds** The movement and balances of all funds are given in detail in the SoFA and SoFP and the notes to which they refer. ## **Unrestricted Funds** ## **13.1 General Fund** The General Fund is used for the general ministry of the church. It can be used for any of the charitable objectives of the Church. Its use is at the direction of the Trustees ## **13.2 Capital Fund (Designated)** A designated fund is a fund where the Trustees have chosen to set aside money or other assets for a particular purpose. They have discretion to move some or all of the designated fund back into the general fund at any time. The Trustees prefer the General Fund to reflect just the movement and balance of the liquid unrestricted assets (cash, debtors and creditors) of the Church. Hence the value of the tangible assets is held separately in this designated fund. ## **Restricted Funds** ## **13.3 ED Pastors** Emergency Department Pastors is a St Philips’ initiative that now has support and volunteers from many churches across the city. ED Pastors work in the A&E departments in Sheffield, they are trained listeners, who provide comfort, support and spiritual care to patients. They are there to meet patients at their point of need, whoever they are and whatever their background. This fund has so far received a £10,000 grant from the Seedbed Christian Community Trust. Disbursal of the fund is supervised by designated church leaders. ## **13.4 Arise Community Fund** Arise is a missional community based in Pitsmoor. Money is received into this fund particularly for work amongst children and their families in that area. ## **13.5 Parson Cross Fund** The Church has a mission team based in the Parson Cross area. Church members have given gifts to this fund to enable outreach activities. Disbursal of the fund is supervised by the Parson Cross mission team leader. ## **13.6 Intern & Leadership Support Fund** This is a group of 2 restricted funds whose movements in the year are summarised as follows: |Intern Support
Baptist Minister Training|**Opening**
**Balance**
**Income**
**Expended**
**Closing**
**Balance**
**£**
**£**
**£**
**£**
6
376
(382)
-
1,179
2,057
(3,236)
-
1,185
2,433
(3,618)
-| |---|---| 18 **St Philip's Church Sheffield Notes to the financial statements** **Intern Support:** Two German interns had placements with the Church. They were sponsored by Global Volunteer Services. Their support payments were processed through this fund and were paid on to the intern's hosts. The Church also made payments to the hosts from the General Fund. **Baptist Minister Training:** Sarah Ducker, one of the Church leaders, is a student with St Hild's College and Northern Baptist College with a view to being ordained as a Baptist Minister. The Yorkshire Baptist Association are paying part of her fees through this fund. The balance of the fees are being paid from the General Fund. ## **13.7 Prison Ministry Fund** For several years one of the church members has been visiting local prisons to share the gospel with the residents and to offer them practical help. Gifts for the support of him and his ministry are processed through this fund. The ministry receives gifts from individuals. Money paid out to him is via the payroll or for expenses incurred. ## **13.8 Families Outreach** In November 2020 the church was awarded a grant of £6,500 from Baptist Insurance to be used towards half of the first year's salary of three part-time Families Outreach workers. Their role is to develop and support missional outreach with a focus on families with young children in Parson Cross and the S6 area. ## **13.9 Generosity Pot** From time to time the Church appeals for offerings to support mission organisations or individuals engaged in mission. The gifts received into this fund are forwarded as soon as practicable to the designated beneficiaries. |**14**|**Grants over £1,000 from institutions**|**2020**|**2019**| |---|---|---|---| |||**£**|**£**| ||National Lottery Community Fund - Parson Cross youth work|-|7,879| ||Baptist Insurance - Families Outreach Workers|6,500|-| ||Yorkshire Baptist Association - minister training support (note 13.7 above)|1,750|3,000| ## **15 Grants to institutions** All gifts and grants are detailed in Note 4.6. ## **16 Operating lease** In July 2019 the Church contracted for a 5-year lease of 21-23 North Church Street for the use of the Church as its operations base; this contract was cancelled in July 2021. The landlord is the Sheffield Church Burgesses Trust. ## **17 Capital commitments** The Church had no capital commitments at the year end. 19 INDEPENDENT EXAPthlTriER'S REPORT TO ST PHILIP'S CHURCH report on the occovnts of St Philip's Chwch forthe year eftded 3tst December 2020 Respective respo￿*bIlitieS of thetrust••s and uwniMr St Philip's Church is responsible for the preparation of the accourrts. St Philip's Church considers that an audrc is not required for this year lunder sectk)n 144121 of the Charities Act 2011 Ith@ 2011 Act)) and that an independent examinaticffi is needed. It 15 my responsibility to: examine the account5 {under section u5(5Kbl ¢f the 2011 Act),. to follow the procedvre5 laid down in the General Direrttons given by the Charlty Commission,. and To rtate whether particular matters have come to myattention. B*sis of Independwrtex•min•rfs rewt My examlnation was carried in accordance with the General Dirertion5 by the Charity Commission. An examination inchjdes a review of the accountlng records kept by St Philip's Church and a compari50n of the accounts prèstnted with those records. It also includes consideration of any unusual rtems or disclosvres in ihe accounts, and seeking explanations from St Philip's Church concerning any such matters. The procedures undertaken do not Wovide all the evidence that would be required in an Judit and c¢nsequentty I do not express an audit opinlon on the view given bythe accounts. Independent examin•rf5 rt•t•m In connecti¢)n with myexamination, no matter ha5 come to my attention: i} whlch gfves me reasonable cavseto believe that in any materlal respertthe reqwrements to keep acc47unting records in Kcordance with sertion 130 of the 2011A¢' and to prepare accLwnt5 which accord wrth the accounting records and comF4y wlth the accounting requirements of the 2011 Act have not been met; or 21 To which, in my opinion, attentlon should bt drawn in order to enable a proper understanding of the accwnts to be reached. Shahida Saddique Faithstar LLP G2 BLpildin9 Lèods Road, Sheffi'eld, 59 3TY Swed IndeF*ndent Examiner Mrs Janet Daye AAT. ACIE OW0912021