**Registered Charity Number 1163376** ## **St John with St Michael, Bournemouth** ## **Annual Reports and Accounts Of the Parochial Church Council** ## **Year ended 31st December 2020** |**Contents**|| |---|---| ||**Page**| |Reference and Administra/ve informa/on|ii-iii| |Annual Report|iv-x| |Independent examiner’s report|1| |Statement of fnancial ac/vi/es|2| |Balance Sheet|3| |Notes to the fnancial statements|4 - 11| ## **PAROCHIAL CHURCH COUNCIL OF ST JOHN WITH ST MICHAEL, BOURNEMOUTH** ## **REFERENCE AND ADMINISTRATIVE INFORMATION** St John’s Church and St Michael’s Church are the Parish Church that covers the West Cliff of Bournemouth and some of Branksome, in the Diocese of Winchester within the Church of England. ## Correspondence and administra/ve address: The Stream Office, St Michael’s Church, Poole Road, Bournemouth, BH2 5QU. ## **PCC Membership** **----- Start of picture text -----**
January - October 2020
Churchwardens
Andrew Browning
Sue Weal
PCC
Linda Croad Dave Rixon
Moya Groves Ann Shu^leworth
Ron Metcalf Colin Sincock
Juliet Mitchell Terence Smith
Sylvia Ridout
**----- End of picture text -----**
## **October - December 2020** **Churchwardens** Ron Metcalf Sue Weal **PCC** Steve Annandale Dave Rixon Linda Croad Chris Miles Jo Paine Sylvia Ridout ## **Deanery Synod (ex-officio PCC Member)** Jennifer Jungkind (un/l September 2020) ii |**PCC Ofcers**|||| |---|---|---|---| |PCC Chair (Vicar)||Revd Sarah Yetman|| |Vice-Chair||Andrew Browning (un/l|October 2020)| |||Sue Weal (aaer October|2020)| |Treasurer||Terence Smith (un/l October 2020)|| |||vacant (aaer October 2020)|| |PCC Secretary||vacant|| |Safeguarding Ofcer||Juliet Mitchell (un/l October 2020)|| |||Sylvia Ridout (aaer October 2020)|| |**Sub-commiWees and Chairs**|||| |Un/l October 2020:|||| |Standing Commi^ee||Revd Sarah Yetman|| |Safe-guarding and Health and|Safety|Juliet Mitchell|| |Buildings Commi^ee||Andrew Browning|| |Personnel Commi^ee||Sue Weal|| |Aaer October 2020:|||| |Standing Commi^ee||Revd Sarah Yetman|| |**Licensed Lay Ministers**|||| |David Dallimore|Jennifer|Jungkind|James Richardson| |(re/red Sept 2020)|(resigned Sept 2020)||| |**Ordinands**
Daniela Eisentraeger||Jennifer Jungkind (resigned September 2020)|| ## **Bishop’s Permission to Preach** Sylvia Ridout ## **Bishop’s Commission for Mission** Lisa Browning (Children, Youth and Families) ## **Advisors** Bankers Lloyds Bank plc, 106-108 Poole Road, Westbourne, Bournemouth, Dorset, BH4 9EQ Independent Examiners Sue Wintle FMAAT, 27 Basco^ Road Wallisdown Bournemouth Dorset BH11 8RJ iii ## **Parochial Church Council of St John with St Michael, Bournemouth** ## Annual Report For The Year Ended 31 December 2020 The Parochial Church Council (PCC) of St John with St Michael, Bournemouth, presents its annual report for the year ended 31 December 2020, together with the accounts for the year. The accounts have been prepared in accordance with the requirements of the Chari/es Act 1993, the Statement of Recommended Prac/ce “Accoun/ng and Repor/ng for Chari/es” (SORP 2005) issued by the Charity Commission, the Chari/es (Accounts and Reports) Regula/ons 2005 and the Church Accoun/ng Regula/ons 2006. ## Structure, Governance and Management The PCC is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. It is registered with the Chari/es Commission as a Charity, in accordance with the Chari/es Act 2006. The PCC has no related trusts or chari/es. PCC appointments are made by elec/on at the APCM. The process of appointment is set out by the Church Representa/on Rules. The Churchwardens are ex-officio members of the PCC and are elected at the Annual Parish Mee/ng. The PCC members hold responsibili/es including health and safety, discrimina/on legisla/on, safeguarding and other legal obliga/ons. Members are introduced to their responsibili/es at the first mee/ng of the PCC following the Annual Mee/ng. The PCC cons/tu/on includes the embodiment of a Standing Commi^ee, whose responsibili/es are to exercise any necessary PCC business between mee/ngs. The Standing Commi^ee cons/tuted membership is: Priest-in-charge/Vicar, Churchwardens, Treasurer, plus one elected member of the PCC. The terms of all PCC Sub-commi^ees are reviewed (as necessary) and agreed, and their membership is appointed by elec/on at the first mee/ng of the PCC following the Annual Mee/ng. ## Risk Management The PCC recognises its responsibility for managing risk and ensuring best prac/ce and conformity to legal obliga/ons in all areas of church life, including: physical risks to the health and safety of employees, volunteers and users; financial risks through commercial ac/vity; the dilapida/on of buildings; personnel issues including the loss of people with key skills; and the safeguarding of children and other vulnerable people. These issues are always considered as part of the decisionmaking process according to their relevance, and measures are taken to mi/gate risks through monitoring, training and regular review. The PCC has specific policies rela/ng to those areas that are reviewed annually. ## **Safeguarding** iv A safeguarding policy has been adopted, and a safeguarding officer appointed, in accordance with diocesan guidelines. The policy covers children and vulnerable adults. It is reviewed at least annually. ## **Health and Safety** The PCC ensures that relevant health and safety and employment law requirements are adhered to in all church buildings and by all church organisa/ons. The Safeguarding and Health and Safety Commi^ee meet regularly to develop and monitor facili/es and opera/ng prac/ces within them. ## Objec/ves and Ac/vi/es The primary aim of the PCC is the promo/on of the Gospel of the Lord Jesus Christ according to the doctrines and prac/ces of the Church of England. The PCC cooperates with the Vicar in promo/ng in the parish and wherever it has influence, the whole mission of the church, pastoral, evangelis/c, social and ecumenical (see PCC (Powers) Measure 1956). At the start of 2020, there were a range of worship services at St John with St Michael, where members could gather for corporate worship. On a typical Sunday, services were offered at the following /mes: - 9.30 am Holy Communion at St John’s 11.15 am Morning Worship at St Michael’s (Holy Communion once per month) A midweek service was also provided at 11.30 on the First Wednesday of every month. However, with the onset of Covid-19 and the first lockdown, our worship moved online. A service was produced and edited each week, appearing live on our channels on Facebook and YouTube at 10am each Sunday. A Zoom "Coffee lounge” followed each service. In September 2020, we restarted in person worship at St John’s Church, which we also live-streamed to the world. During the second lockdown in November 2020, we con/nued to live-stream our worship from the church. In December, we were back in person again in the church building. Whilst corporate worship is an important focus for church life, the parish seeks to unite under its common purpose to serve the parish and live as an expression of the faith it holds. Church life, mission and ministry, is therefore not centred around par/cular congrega/ons, but the life of the St John with St Michael community pursuing its calling to express the Kingdom of God here, now and always. The objec/ves and ac/vi/es of St John with St Michael are for the benefit of the public, and the PCC has complied with the duty in Sec/on 4 of the Chari/es Act 2006 to have due regard to the Charity Commission guidance published in this report. ## Parochial Church Council of St John with St Michael, Bournemouth The PCC met 3 /mes during 2020, two of which were on Zoom. The Standing Commi^ee met between these mee/ngs and provided minutes and discussion papers as necessary. The PCC is chaired by the Vicar, or by the Vice Chair (a Churchwarden) during an interregnum. v ## Personnel The clergy at St John with St Michael consist of the Vicar, Revd Sarah Yetman, who has been licensed to the parish since 18th November 2018. Previously she was Priest-in-Charge. The able team of Licensed Lay Ministers (previously listed) changed during 2020. David Dallimore re/red aaer many years of service and Jenny Jungkind resigned all offices and ministry at the church. ## **Church Office** Lisa Browning con/nued in her role as Opera/ons Manager for children, families and the Almshouses, spending roughly two thirds of her /me managing and suppor/ng the Almshouses, and the remaining third leading our work with children and families, and ensuring the smooth management of the church office. From March 2020, the office closed and the team was forced to work from home. At the end of December 2020, the church ceased the responsibility of the management of the two Almshouses chari/es, W H Saunders Charity and The Wareham Co^age Homes. Lisa Browning transferred her employment so she is now employed directly by them in order to con/nue the admirable work there. There are many voluntary leaders and workers who sustain the work of St John with St Michael in Bournemouth and beyond. That includes ministry in children’s work, youth work, support for the elderly, pastoral care for the sick and bereaved, a community cafe and lunch, and in every aspect of church life and ministry. Many of these roles have undergone a huge amount of change due to Covid-19, however we are thankful for all who serve and make our church all that it is. ## **Vision and Strategy** St John’s Church and St Michael’s Church are both part of the Church of England Diocese of Winchester, and are the parish churches for this part of Bournemouth. As a flourishing Chris/an Community we pursue truth and build loving rela/onships. We passionately believe that the Chris/an Faith, expressed in the Bible, is as vital and relevant today as it ever was and ever will be. Together, we seek to grow in understanding and experience of God; explore who we can become in rela/onship with God; and live as a blessing to others and all of God’s world. In Bournemouth, and wherever we have opportunity, we seek to be a posi/ve, life-affirming influence; iden/fying needs in the community and either taking ini/a/ves ourselves to address them, or suppor/ng others who are be^er able to do so. Our passion is to serve others wherever we can and to welcome others who wish to join us, whether they are tenta/ve enquirers, or already commi^ed as Chris/ans sharing our vision. vi 2020 was a limi/ng year for the ac/vi/es of the church, but wherever we could, we worked to live out our vision. ## **Vision** During 2020, we responded to the constantly changing situa/on in the world around us by standing firm in our faith in our loving God. Although almost every aspect of the way we did and thought about church was changed and challenged at some point in the course of the year, we tried to remain faithful to our calling as the church and as disciples in the world. As a church we strived to remain faithful to our vision of Loving God, Blessing Others and Sharing Hope. Loving God - we choose to ac/vely grow and develop our rela/onship with God, strengthened in prayer, worship and Bible study. Blessing Others - we know we are called to be a blessing in the world around, whether serving those in need or simply being thoughqul and kind in words and ac/ons Sharing Hope - we believe in a bigger story which is good news, no ma^er what else is going on in the world around. We take every opportunity to share our hope in our faithful God. ## **Strategic prioriZes** As a church within the Diocese of Winchester, we view our ministry and mission within the framework of the Diocesan Strategic Priori/es. These are: Under God, deligh/ng in His grace and rooted in the Diocesan rule of life, we will be a Diocese in which: **1) We grow authenZc disciples** , going out as individuals passionately, confidently and courageously sharing their faith, and coming together as crea/ve church communi/es of prayer and worship that live out Kingdom values. **2) We re-imagine the Church** inten/onally connec/ng and engaging with our local communi/es in culturally relevant ways. We will rejoice in the richness of the “mixed economy” of all ministry and proac/vely promote vibrant parochial and breath-taking pioneering ministries amongst ‘missing’ genera/ons, e.g. children, young people, under 35s. **3) We are agents of social transformaZon** using our influence as a Diocese to transform public and personal life. We will demonstrate loving faith at work in local communi/es and across the globe bringing healing, restora/on and reconcilia/on, e.g. through educa/on, social enterprise, health care, spiritual care teams. **4) We belong together in Chris** t, prac/cing sacrificial living and good stewardship of all that God has entrusted to us. We will combine radical generosity, care and capacity building with a clear focus on direc/ng finance into the mission of Jesus. Sharing and mul/plying local good prac/ce, vii using people, buildings and other resources wisely, we will seek to boldly prune, plant and invest in building for the Kingdom. Strategic priority 1 is about equipping people as followers of Christ through teaching and training. As a church we have spent /me listening to what Jesus had to say to the Churches in the book of Revela/on, we joined with the Dioceses of Winchester and of Sheffield for the Generous June project, digging deep into the books of James and 1 Corinthians, and spent some /me with Jesus from the Gospel of Ma^hew. We ran the Prayer Course on Zoom in Summer 2020. Zoom also provided our prayer life with a much needed boost, allowing us to gather up 3 /mes each week for prayer together online. We also gained much from Pausing to Pray each evening at 6pm. Strategic priority 2 concerns the forma/on of church as a community united in purpose to live as an expression of God’s grace and to priori/se outreach to the younger genera/ons. In 2020, lockdowns enforced a move to Church online. Our YouTube channel was created and we grew to have more than 50 subscribers. The Zoom Coffee lounge was born. Knit, Sew and Na^er became an online Craa Gathering. Church members unaccustomed to being online were helped to remain connected via Zoom and other online channels. It was a great joy to be able to work together to produce services from people’s homes to be watched by people at home. Strategic priority 3 focusses on the church’s role as an agent of transforma/on within the community. Although limited by Covid, we were very thankful for the projects already set up and running in our spaces, such as The Carpenter’s Workshop and The Storehouse which were able to operate as restric/ons allowed. These both provided valuable opportuni/es and resources to those in great need. As a church, we were proud to support the work of the Storehouse by providing a weekly dona/on of food to give to people iden/fied by the Council and others as in need. Strategic priority 4 calls for good stewardship of resources with characteris/c generosity, and rela/onal engagement with the wider church. We con/nued the development of rela/onships with our mission partners through a series of services in January invi/ng guest speakers from our partner organisa/ons to preach at joint services en/tled “Celebra/on of Hope”. We par/cipated with others from our own Diocese and the Diocese of Sheffield in the month of Generous June, looking at the theme of Generosity through the lens of the Gospel of Luke. As a church, we were mindful of our posi/on as landlords and worked alongside our leaseholders to provide relief when they were not able to open. ## Building Resources St John with St Michael has two church buildings, each with their own joys and challenges. However, due to the challenges of Covid-19, not many projects were undertaken during 2020. At St John’s, the hire of the hall to Faithworks proved to be an example of God’s /ming at work, as it was able to very quickly become a hub for food distribu/on to those in need. The church was able to play a small part in the work through generous dona/ons each week of food items. Also at St John’s, some /les slipped from the roof and these were repaired. At St Michael’s, the roof above the Mee/ng Room was given a temporary repair where it had been leaking. A tree was felled (next to Olive Cafe) which was causing a nuisance to the adjoining building. viii All lesngs in both buildings (with the excep/on of the Storehouse at St John’s Hall and the Sparrow’s Nest Pre-school) ceased during the first lockdown. Gradually, as the restric/ons eased, we were able to start lesng people back in, priori/sing the Addic/on Support Groups and the Uniformed Organisa/ons. The planned building work for the SDF project was due to start, and therefore groups have been using either the Upper Hall or St John’s Church to meet. In November, we heard that we had been awarded a grant from the Talbot Village Trust to put towards scaffolding the inside of the tower at St Michael’s. Work started on this in December, clearing the items that fell through the ro^en first floor in June 2019 and suppor/ng the upper levels, allowing for further inves/ga/on. Items s/ll at risk of falling were safely cleared, and hoarding was installed at the bo^om of the tower to hide the base of the scaffold and enable this door to be used as an entrance to the church. It was an exci/ng start to the building work in the church, which started in early 2021. ## The Future A new opportunity has been developing over the past couple of years to grow and develop the mission of our parish. During the summer of 2020, we heard that we had been awarded Strategic Development Funding (a pot of money the Church Commissioners of the Church of England have allocated to spend on helping churches to grow) to help us grow the congrega/on at St Michael’s. This funding has allowed us to spend some money to make the building more prac/cal, a^rac/ve and welcoming, and to recruit a team to lead ministry to bring about growth. So far, we have appointed two new members to our team, Heidi Haagensen as our Children and Families Pastor, and Ollie Greenaway as our Ops Manager. Faculty permission was granted for the building work in Autumn 2020 and work started in Spring 2021. We’ve been asked to meet certain outcomes to jus/fy the financial spend on our church. We’ve been asked to build a thriving and sustainable church community, in par/cular focusing on the missing genera/on (though a^rac/ve for all). We will be building disciples, growing our work with children and families, raising up voca/ons, both ordained and to Diocesan courses such as the BCM and the BPP. We’re expected to fully meet our CMF and be financially above the water and further down the road to be able to bring life and resource elsewhere. We’re really excited about all this project can offer both our churches. These are difficult /mes and without interven/on, sustaining both congrega/ons with such expensive buildings would have been very difficult. Our plan is that the new congrega/on will be known as “St Mike’s” and is designed to appeal to a younger demographic in style and content. We’re building a vibrant ministry for children and their families and strengthening our rela/onship with St Michael’s School. St John’s has a new opportunity arising from this to craa its own iden/ty and develop a ministry for those who prefer something a li^le quieter and more tradi/onal. Our vision is to be a beacon of light and hope in West Bournemouth. We're longing to have an impact on our local community for the Gospel, seeing lives transformed by and for Jesus. Our heart ix is to create a church where people can belong and build deep rela/onships with one another and where everyone will find a welcome. St Mike’s is and will be a church where we priori/se community. We’re going to spend /me digging deeper in worship together. As people we want to be authen/c with one another and with God, bringing our whole selves to all that we do. We’re going to be living out our faith in words and ac/on, by caring passionately for those in need. Together, we’re hoping and praying that both churches will grow and thrive. ## Mission Partners In 2020 we supported 4 mission partners: Tearfund Interna/onal Care Network Teso Development Trust Faithworks Wessex This partnership involved financial support from our church mission giving - we allocate ten percent of our donated income each year to give to mission, money raised through events, but also partnership in prayer and support. We celebrated the work of each of our partners in our January Celebra/on of Hope services, hearing a li^le about each organisa/on. Clearly, 2020 was an unusual year and many of the events we’d have hoped to have put on to raise funds for our partners could not happen. However, in the Autumn, we par/cipated in the Tearfund Big Quiz which was a fun evening (and congratula/ons to the Rixon family who won!) Our hope is to be able to support each other as we live out our purpose and calling, to support the work of each partner with volunteers and prayer, and to work together as Partners in the Gospel. It was a joy this year to see this working in prac/ce with our links with Faithworks and having the privilege of hos/ng the Storehouse at St John’s Hall. Going forwards, we hope to strengthen these links and raise up champions for each organisa/on. x ## **The Parochial Church Council of St John with St Michael** ## **Independent Examiner's Report to the Trustees of the Parochial Church Council of St John with St Michael** I report on the accounts of the charity for the year ended 31st December 2020 which are set out on pages 2 to 11 ## **Respective responsibilities of trustees and examiner** The Trustees are responsible for the preparation of the accounts. The trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is my responsibility to: - Examine the accounts under section 145 of the 2011 Act: - To follow the procedures laid down in the general Directions given by the Charity Commission under - section 145(5)(b) of the 2011 Act; and - To state whether particular matters have come to my attention. ## **Basis of Independent Examiner's Report** My examination was carried out in accordance with the general Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as members concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit and consequently no opinion is given as to whether the accounts present a 'true and fair view' and the report is limited to those matters set out in the next statement. ## **Independent Examiner's Statement** I have identified matters of concern that …. In connection with my examination, apart from the matter referred above indicating that the accounts are not fully compliant with the accounting requirements of section 396 of the Companies Act and with the methods and principles of the Statement of Recommended Practice: Accounting and Reporting by Charities, no matter has come to my attention. - (1) which gives me reasonable cause to believe that in any material respect the requirements: - to keep accounting records in accordance with section 130 of the Charities Act 2011; and - to prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act have not been met; or - (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. ___________________ Sue Wintle Date ________________ 1 ## **The Parochial Church Council** ## **of St John with St Michael** ## **Statement of Financial Activities For the year ended 31st December 2020** |**Income and Endowments from Note**
Donations and Legacies
**1**
Ministry
**2**
Investment Lettings
**3**
Income from Charitable Activities
**4**
Investments
**5**
**Total**
**6**
**Expenditure on**
Administration
**7**
Staff
**8**
Building and Venue
**9**
Fund Raising
**10**
Ministry
**11**
Mission Giving
**12**
**Total**
**13**
**Fund Movement**
**Gain on Investment**
**Net Movement in Funds**
**Reconciliation of Funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
62,213
1,124
29,492
1,011
857
**94,697**
3,042
25,166
41,842
60
1,803
3,200
**75,113**
19,584
1,564
21,148
48,817
**69,965**|**Restricted**
-
-
-
-
-
**-**
-
-
-
-
-
-
**-**
-
-
-
2,084
**2,084**|**Designated**
-
-
-
-
-
**-**
-
-
51
-
-
-
**51**
(51)
-
(51)
9,477
**9,426**|**2020**
**Total**
**62,213**
**1,124**
**29,492**
**1,011**
**857**
**94,697**
**3,042**
**25,166**
**41,893**
**60**
**1,803**
**3,200**
**75,164**
**19,533**
1,564
**21,097**
**60,378**
**81,475**|**2019**
**Totals**
72,333
-
45,652
5,822
833| |---|---|---|---|---|---| ||||||124,640| ||||||4,530
25,694
60,220
398
2,616
16,575| ||||||110,033| ||||||14,607
(1,591)| ||||||13,016
47,362| ||||||60,378| 2 ## **The Parochial Church Council of St John with St Michael** ## **Balance Sheet As at 31st December 2020** |**Note**
**Fixed Assets**
Investments
**14**
**Current Assets**
Bank Account
Debtors
**15**
**Total Assets**
**Current Liabilities**
Creditors falling due within One Year
**16**
Creditors Falling due after One year
**17**
**Net Assets less Liabilities**
**Funds**
Restricted
Unrestricted
Designated
**Total Funds carried forward**
**18**|**Unrestricted**
30,546|**Restricted**
-|**Designated**
-|**2020**
**30,546**|**2019**
28,982| |---|---|---|---|---|---| ||53,641
3,248|2,084
-|9,426
-|**65,151**
**3,248**|35,031
17,793| ||56,889
**87,435**|2,084
**-**|9,426
**9,426**|**68,399**
**98,945**|52,824
**81,806**| ||(7,870)|**-**|-|**(7,870)**|(10,629)| ||(9,600)|**-**|-|**(9,600)**|(10,800)| ||**69,965**|**2,084**|**9,426**|**81,475**|60,378| ||-
69,965
-|2,084
-
-|-
-
9,426|**2,084**
**69,965**
**9,426**|2,084
48,817
9,477| ||**69,965**|**2,084**|**9,426**|**81,475**|60,378| Approved by the members of the Parochial Church Council on ____________________ and signed on their behalf by ____________________________ _____________________ **Trustee Trustee** 3 ## **The Parochial Church Council of St John with St Michael** ## **Notes to the Financial statements For the year ended 31st December 2020** ## **Statement of Compliance** The financial statements have been prepared in accordance with 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 2015) - (Charities SORP (FRS 102), the Financial Standard applicable in the UK and Republic of Ireland (FRS 102), and the Charities Act 2011. ## **Basis of preparation** The Parochial Church Council of St John with St Michael meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes. ## **Exemption from preparing a cash flow statement** The charity opted to early adopt Bulletin 1 published on 2 February 2016 and have therefore not included a cash flow statement in in these financial statements. ## **Going Concern** The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern. ## **Income and Endowments** Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature and are recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability. ## **Donations and Legacies** Donations and legacies are recognised on a receivable basis when receipt is probable and the amounts can be reliably measured. ## **Investment Income** Interest on funds held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. ## **Expenditure** All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with these of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset's use. Other support costs are allocated on the spread of staff costs. ## **Charitable Activities** Charitable expenditure comprises those costs incurred by the charity in the delivery of its activities and services for its beneficiaries. It includes both costs that can be allocated directly to such activates and those costs of an indirect nature to support them. ## **Grant Provisions** Provisions for grants are made when the intention to make a grant has been communicated to the recipient but there is uncertainty about either the timing of the grant or the amount of grant payable. **4** ## **The Parochial Church Council of St John with St Michael** ## **Notes to the Financial statements For the year ended 31st December 2020** ## **Governance Costs** These include the costs attributable to the charity's compliance with constitutional and statutory requirements, including audit, strategic management and trustee's meetings and reimbursed expenses. ## **Taxation** The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010, and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes. ## **Fixed Asset Investments** Fixed asset investments, other than programme related investments, are included at market value at the balance sheet date. Realised gains and losses on investments are calculated at the difference between sales proceeds and their market value at the start of the year, or their subsequent cost, and are charged or credited to the Statement of Financial Activities in the period of disposal. Unrealised gains and losses represent the movement in market values during the year and are credited or charged to the Statement of Financial Activities based on the market value at the year end. ## **Cash and Cash Equivalents** Cash and cash equivalents comprise cash on hand and call deposits, and other short term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value. ## **Borrowings** Borrowings in these accounts are interest free loans to the PCC ## **Fund Structure** Unrestricted income funds are general funds that are available for use at the trustee's discretion in furtherance of the objectives of the charity, Restricted income funds are those donation for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose. **5** ## **The Parochial Church Council of St John with St Michael** ## **Report of the Trustees for the Year ended 31st December 2020** ## **FINANCIAL REVIEW** The Statement of Financial Activities on page 2 shows a surplus of £19,553 (2019 £13,607) and a total surplus of £21,097(2019 £13,016) before investment gains or losses ## **Reserves Policy** It is the policy of this Church to hold in cash reserves the equivalent of three months general running costs. In understanding that the Bible clearly indicates that we should not hoard it is also clear that sensible planning is important. These reserves are held to cover any unexpected reduction in our income, especially from our hall lettings and also any major unforeseen costs outside our annual budget. 6 ## **The Parochial Church Council of St John with St Michael** ## **Statement of Financial Activities** ## **Analysis of Income & Expenditure for the year ended 31st December 2020** |**INCOME AND ENDOWMENTS FROM**
**Donations and Legacies**
Collections
Donations and Legacies
Gift Aid Tax
Grant TVT
Planned Giving
Stewardship
**1**
**Ministry**
Children and Youth work
Church Activities
**2**
**Investment Lettings**
Parish Centre
St John's Church
St John's Hall
St Michael's Hall
**3**
**Income from Charitable Activities**
Fees
Fund Raising Concerts/Fetes
Non-Recurring
**4**
**Investments**
Dividends
**5**
**Total Income and Endowments**
**6**|**Unrestricted**
1,218
4,532
6,711
18,750
30,880
122
**62,213**
658
466
**1,124**
5,841
739
6,068
16,844
**29,492 **
707
304
-
**1,011**
**857**
**94,697 **|**Designated**
-
-
-
-
-
-
**-**
-
-
**-**
-
-
-
-
-
-
-
**-**
**-**
**-**|**2020**
**1,218**
**4,532**
**6,711**
**18,750**
**30,880**
**122**|**2019**
6,444
4,509
8,653
18,750
33,977
-| |---|---|---|---|---| ||||**62,213**|72,333| ||||**658**
**466**|-
-| ||||**1,124**|-| ||||**5,841**
**739**
**6,068**
**16,844**|14,034
280
4,949
26,389| ||||**29,492 **|45,652| ||||**707**
**304**|427
1,260
4,135| ||||**1,011**|5,822| ||||**857**|833| ||||**94,697 **|**124,640**| 7 ## **The Parochial Church Council of St John with St Michael** ## **Statement of Financial Activities Analysis of Income & Expenditure for the year ended 31st December 2020** |**Charitable Activity Costs**
**Administration**
Accountancy
Administration
Bank Charges
Leasing Office Equipment
Office Equipment
Photocopying
Postage
Professional Fees
Stationery
Telephone St Michael's
**7**
**Staff**
Pension
Clergy Expenses
Salaries
Training
**8**
**Building and Venue**
Electricity St Michael's
Insurance St John's
Insurance St John's Hall
Insurance St Michael's
Notice Board
Running Expenses St John's Church
Running Expenses St John's Hall
Running Expenses St Michael's Church
Running Expenses St Michael's Hall
Running Expenses to Parish
**9**
**Fund Raising**
Publicity
**10**
**Ministry**
Children
Messy Church
Sleep safe
Worship and Services
Youth
**11**|**Unrestr'd**
250
672
176
641
28
428
27
-
164
656
**3,042**
1,806
568
22,792
-
**25,166**
7,741
4,678
4,205
3,265
-
1,573
7,531
4,390
8,376
83
**41,842**
**60**
326
64
-
1,149
264
**1,803**|**Designated**
-
-
-
-
-
-
-
-
-
**-**
-
-
-
-
**-**
-
-
-
-
51
-
-
-
-
-
**51**
**-**
**-**
**-**
**-**
-
**-**
**-**|**2020**
**250**
**672**
**176**
**641**
**28**
**428**
**27**
**-**
**164**
**656**|**2019**
250
531
259
641
-
607
58
1,350
217
617| |---|---|---|---|---| ||||**3,042**|4,530| ||||**1,806**
**568**
**22,792**
**-**|-
411
24,783
500| ||||**25,166**|25,694| ||||**7,741**
**4,678**
**4,205**
**3,265**
**51**
**1,573**
**7,531**
**4,390**
**8,376**
**83**|7,232
6,074
6,334
3,699
-
4,158
11,466
9,754
10,694
809| ||||**41,893**|60,220| ||||**60**|398| ||||**326**
**64**
**-**
**1,149**
**264 **|405
664
42
1,516
(11)| ||||**1,803**|2,616| 8 ## **The Parochial Church Council** ## **of St John with St Michael** ## **Statement of Financial Activities** ## **Analysis of Income & Expenditure for the year ended 31st December 2020** |**Charitable Activity Costs Continued**
**Mission Giving**
Commission Fund
Faithworks
ICN Mission
Tesco Development Fund
Tear Fund
**12**
**Total Charitable Activities**
**13**|**Unrestr'd**
**£**
-
800
800
800
800
**3,200**
**75,113**|**Designated**
**£**
-
-
-
-
**-**
**-**
**51**|**2020**
**£**
**-**
**800**
**800**
**800**
**800**|**2019**
£
11,675
1,225
1,225
1,225
1,225| |---|---|---|---|---| ||||**3,200**|16,575| ||||**75,164 **|110,033| 9 ## **The Parochial Church Council of St John with St Michael** ## **Balance Sheet Notes As at 31st December 2020** |**Note**
**14**
**Fixed Asset Investment**
Valuation 01.01.2020
Revaluation
**Valuation 31.12.2020**
**15**
**Debtors**
Blue Line Electricity
Hall Rents
Lease Share
**16**
**Creditors : amounts falling due within one year**
Accruals
Agency Collections
Faithworks
Key Deposits
Loan
**17**
**Creditors : amounts falling due after one year**
Loan|**2,020**
**£**
28,982
1,564
**30,546**
583
2,155
510
**3,248**
5,954
236
370
110
1,200
**7,870**
**9,600**|**2019**
**£**
24,077
4,905| |---|---|---| |||28,982| |||-
-
-| |||17,793| |||8,978
341
-
110
1,200| |||10,629| |||10,800| 10 - ## **The Parochial Church Council of St John with St Michael** ## **Balance Sheet Notes** ## **As at 31st December 2020** |**18**
**Funds**
**Restricted Funds**
St John Play Area
Boiler
Project
Sr Michael's Re-decoration
**Designated**
Capital Funds
St John's Lights
St John's Notice Board
**General Funds**
**Total Funds**|**Fund**
**Gain on**
**Balances**
**Incoming**
**Outgoing**
**Investment**
29
-
-
-
1
-
-
-
1,381
-
-
-
673
-
-
-
**2,084**
**-**
**-**
**-**
6,640
-
-
-
2,693
-
-
-
144
-
(51)
-
**9,477**
**(51)**
**-**
**48,817**
94,697
(75,113)
1,564
**60,378**
**94,697**
(75,164)
**1,564**
**Resources**|**Fund**
**Balances**
**31.12.20**
29
1
1,381
673| |---|---|---| |||**2,084**| |||6,640
2,693
93| |||**9,426**| |||**69,965**| |||**81,475**| |**Independent Examiners Renumeration**
Independent Examiner Fee|**2,020**
**2019**
£
£
**250**
#
250| |---|---| ## **Trustee remuneration and expenses** No trustee, nor any persons connected with them, have received any renumeration from the charity during the year. No trustees have received any reimbursement expenses or any other benefits from the charity during the year. |**Staff Costs**
Gross
Employers Pension contributions
Average monthly number of staff|**2,020**
£
**22,792**
**1,806**
**24,598**
**2**|**2019**
£
24,783
-| |---|---|---| |||24,783| |||2| There were no staff who received total employee benefits of over £60,000 ## **Commitments** There were no charitable commitments as at 31st December 2020 ## **Taxation** The Charity is a registered charity and therefore exempt from taxation 11 -