**REGISTERED CHARITY NUMBER: 1166503**
## **REPORT OF THE TRUSTEES AND**
**FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **FOR**
**ST ANNES' CHURCH TURTON PAROCHIAL CHURCH COUNCIL**
**ST ANNES' CHURCH TURTON PAROCHIAL CHURCH COUNCIL**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|2|
|**Independent Examiner's Report**||3||
|**Statement of Financial Activities**||4||
|**Balance Sheet**||5||
|**Notes to the Financial Statements**|6|to|8|
|**Detailed Statement of Financial Activities**|9|to|10|
## **ST ANNES' CHURCH TURTON PAROCHIAL CHURCH COUNCIL**
## **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**
## **Aims and purposes**
St Anne's Turton Parochial Church Council has the responsibility of cooperating with the team rector in promoting in the ecclesiastical parish, the whole mission of the church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the maintenance of the properties both at St Anne's and St James' Mission Church.
## **Objectives and activities**
The objectives and activities of the parish are set out elsewhere in the wider parish annual report which is to be read in conjunction with the financial statements.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The Parochial Church Council is a corporate body established by the Church of England. The charity is controlled by two pieces of legislation;
The Parochial Church Councils (Powers) Measure 1956 as amended. This defines the principal function, or purpose, of the PCC as "promoting in the parish the whole mission of the church"; and
The Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended).
The Church Accounting Regulations 2006 form the link between the Church Representation Rules and the requirements of the Charities Act 2011.
## **Recruitment and appointment of new trustees**
The method of appointment of PCC members is set out in the Church Representation Rules. At St Anne's the membership of the PCC consists of the team rector, churchwardens and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services/members of the congregation are encouraged to register on the electoral roll and stand for election to the PCC.
The PCC members are responsible for making decisions on all matters of general concern and importance to the parish, including deciding on how the funds of the PCC are to be spent. All PCC members are trustees of the charity.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1166503
## **Principal address**
St Anne's Church High Street Turton Bolton Lancashire
Page 1
**ST ANNES' CHURCH TURTON PAROCHIAL CHURCH COUNCIL**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2020**
## **Trustees**
Board of Trustees:
Reverend Canon P Reiss (Chairman and Team Rector) Mr S Maguire (Churchwarden) - left 4th October Mrs N Barlow (Churchwarden) Mr H Campbell (Churchwarden) - joined 4th October Mr R Heron (Secretary) Mr R Battersby (Treasurer) Mr S Hobson (Vice-Chairman) Mr D Bonser Mr D Smith Mrs B Arundel Mrs M Forster Mrs S Glancy Mr A Mather Mr A Patten - left 4th October Mrs K Smith Mrs M Topham Mrs S Wilson Mrs J Allsop Mrs B Kenny Mr J Kirk - left 4th October Mrs P Kirk Reverend M Bulcock Mrs K Bulcock Mrs L Westhead Mr G Minshull - joined 4th October
## **Independent Examiner**
Mr Adam J Syddall MA ACA P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BL1 3AJ
## **Bankers**
Royal Bank of Scotland PLC 46-48 Deansgate Bolton
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
........................................................................ S Hobson - Trustee
Page 2
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF ST ANNES' CHURCH TURTON PAROCHIAL CHURCH COUNCIL**
## **Independent examiner's report to the trustees of St Annes' Church Turton Parochial Church Council**
I report to the charity trustees on my examination of the accounts of St Annes' Church Turton Parochial Church Council (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').
I 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 I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
I have completed my examination. I 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:
1. 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
3. 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.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Mr Adam J Syddall MA ACA P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BL1 3AJ
Date: .............................................
Page 3
## **ST ANNES' CHURCH TURTON PAROCHIAL CHURCH COUNCIL**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
|Unrestricted
fund
Notes
£
**INCOME AND ENDOWMENTS FROM**
Voluntary income
**56,170**
**Charitable activities**
Churchyard Grant
**-**
Activities for raising funds
2
**26,370**
Investment income
3
**5,055**
**Total**
**87,595**
**EXPENDITURE ON**
Charitable activities and upkeep
**82,444**
**Charitable activities**
Churchyard Grant
**-**
Other resources expended
**1,288**
**Total**
**83,732**
Net gains on investments
**4,040**
**NET INCOME/(EXPENDITURE)**
**7,903**
**Transfers between funds**
9
**(976)**
**Net movement in funds**
**6,927**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**106,260**
**TOTAL FUNDS CARRIED FORWARD**
**113,187**|Restricted
funds
£
**1,346**
**9,450**
**-**
**429**
**11,225**
**2,888**
**945**
**-**
**3,833**
**-**
**7,392**
**976**
**8,368**
**124,000**
**132,368**|**31.12.20**
31.12.19
**Total**
Total
**funds**
funds
**£**
£
**57,516**
61,671
**9,450**
-
**26,370**
34,289
**5,484**
5,253
**98,820**
101,213
**85,332**
128,884
**945**
-
**1,288**
2,269
**87,565**
131,153
**4,040**
10,014
**15,295**
(19,926)
**-**
-
**15,295**
(19,926)
**230,260**
250,186
**245,555**
230,260|
|---|---|---|
The notes form part of these financial statements
Page 4
## **ST ANNES' CHURCH TURTON PAROCHIAL CHURCH COUNCIL**
## **BALANCE SHEET 31 DECEMBER 2020**
|Unrestricted
fund
Notes
£
**FIXED ASSETS**
Investments
5
**66,255**
**CURRENT ASSETS**
Debtors
6
**876**
Short term deposits
7
**21,966**
Cash at bank and in hand
**25,134**
**47,976**
**CREDITORS**
Amounts falling due within one year
8
**(1,044)**
**NET CURRENT ASSETS**
**46,932**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**113,187**
**NET ASSETS**
**113,187**
**FUNDS**
9
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|Restricted
funds
£
**4,390**
**-**
**110,865**
**17,113**
**127,978**
**-**
**127,978**
**132,368**
**132,368**|**31.12.20**
**Total**
**funds**
**£**
**70,645**
**876**
**132,831**
**42,247**
**175,954**
**(1,044)**
**174,910**
**245,555**
**245,555**
**113,187**
**132,368**
**245,555**|31.12.19
Total
funds
£
66,605
-
132,404
32,227
164,631
(976)
163,655
230,260
230,260
106,260
124,000
230,260|
|---|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
.............................................
S Hobson - Trustee
............................................. R Battersby - Trustee
The notes form part of these financial statements
Page 5
**ST ANNES' CHURCH TURTON PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' "true and fair view" provisions, it is also the first year that they have been prepared under FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)).
## **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.
## **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.
## **2. ACTIVITIES FOR RAISING FUNDS**
|**ACTIVITIES FOR RAISING FUNDS**|||
|---|---|---|
||**31.12.20**|31.12.19|
||**£**|£|
|Fêtes, bazaars, other fundraising events|**11,881**|11,499|
|Publications|**2,563**|3,306|
|Lettings and room hire|**3,221**|6,122|
|Fees and churchyard|**8,705**|13,362|
||**26,370**|34,289|
Page 6
continued...
**ST ANNES' CHURCH TURTON PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **3. INVESTMENT INCOME**
|**INVESTMENT INCOME**|||
|---|---|---|
||**31.12.20**|31.12.19|
||**£**|£|
|Ground rents|**3,322**|2,538|
|Dividends and interest|**2,162**|2,715|
||**5,484**|5,253|
## **4. 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.
## **5. FIXED ASSET INVESTMENTS**
|**FIXED ASSET INVESTMENTS**||
|---|---|
||Listed|
||investments|
||£|
|**MARKET VALUE**||
|At 1 January 2020|**66,605**|
|Revaluations|**4,040**|
|At 31 December 2020|**70,645**|
|**NET BOOK VALUE**||
|At 31 December 2020|**70,645**|
|At 31 December 2019|66,605|
There were no investment assets outside the UK.
## **6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
||**31.12.20**|31.12.19|
|---|---|---|
||**£**|£|
|Prepayments|**876**|-|
continued...
Page 7
**ST ANNES' CHURCH TURTON PAROCHIAL CHURCH COUNCIL**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2020**
## **7. CURRENT ASSET INVESTMENTS**
These are short term deposit accounts held with CCLA and can effectively be viewed as cash at bank though have been shown separately on the face of the balance sheet to aid clarity.
As at 31 December 2020 the balances of these accounts were as follows: The Violet Agnes Hayter Memorial Fund £110,865 (restricted). PCC GR Deposit Account £21,966 (unrestricted funds).
## **8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
|**CREDITORS: AMOUNTS FALLING DUE WITHIN**|**ONE YEAR**||
|---|---|---|
||**31.12.20**|31.12.19|
||**£**|£|
|Fees due to Manchester DBF|**846**|778|
|Accrued expenses|**198**|198|
||**1,044**|976|
## **9. MOVEMENT IN FUNDS**
||**At 1.1.20**|**Net**
**movement in**
**funds**|**At 31.12.20**|
|---|---|---|---|
||**£**|**£**|**£**|
|**Unrestricted funds**||||
|General fund|**106,260**|**6,927**|**113,187**|
|||||
|**Restricted funds**||||
|Restricted|**4,863**|**291**|**5,154**|
|St James' Refurbishment Account|**4,646**|**(637)**|**4,009**|
|Churchyard Account|**4,053**|**8,287**|**12,340**|
|Violet Agnes Hayter Fund|**110,438**|**427**|**110,865**|
|||||
||**124,000**|**8,368**|**132,368**|
|||||
|**TOTAL FUNDS**|**230,260**|**15,295**|**245,555**|
|||||
## **10. RELATED PARTY DISCLOSURES**
The following related party transactions took place for the year ended 31 December 2020:
Mr D Smith received £1,654 for his services as organist in regular church services and at funerals and weddings. Mr D Smith is a trustee of the charity.
Mrs K Smith received £175 for her services as a verger and clerk. Mrs K Smith is a trustee of the charity.
Ms J Topham received £746 for her services as a cleaner. Ms J Topham is the daughter of Mrs M Topham a trustee of the charity.
Page 8
## **ST ANNES' CHURCH TURTON PAROCHIAL CHURCH COUNCIL**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
||31.12.20|31.12.19|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Voluntary income**|||
|Covenants and related tax recoverable|**46,394**|46,505|
|Uncovenanted giving|**1,495**|2,548|
|Collections|**685**|4,642|
|Legacies, donations and appeals|**8,942**|7,976|
||**57,516**|61,671|
|**Activities for raising funds**|||
|Fêtes, bazaars, other fundraising events|**11,881**|11,499|
|Publications|**2,563**|3,306|
|Lettings and room hire|**3,221**|6,122|
|Fees and churchyard|**8,705**|13,362|
||**26,370**|34,289|
|**Investment income**|||
|Ground rents|**3,322**|2,538|
|Dividends and interest|**2,162**|2,715|
||**5,484**|5,253|
|**Charitable activities**|||
|Grants|**9,450**|-|
|**Total incoming resources**|**98,820**|101,213|
|**EXPENDITURE**|||
|**Raising donations and legacies**|||
|Staff wages and fees|**3,229**|7,014|
|Incumbent's expenses and shared team costs|**2,497**|1,864|
|Vicarage maintenance|**4,700**|2,489|
|Heating, lighting, water and insurance|**14,268**|15,300|
|Repairs and services upkeep|**10,991**|28,959|
|Publications|**977**|2,520|
|Printing and stationery|**438**|1,030|
|Telephone and sundries|**672**|276|
|Churchyard|**630**|3,850|
|Fees for weddings and funerals|**965**|6,164|
|Parish share|**44,000**|55,175|
|Costs of fêtes and other fundraising events|**1,766**|4,243|
||**85,133**|128,884|
This page does not form part of the statutory financial statements
Page 9
## **ST ANNES' CHURCH TURTON PAROCHIAL CHURCH COUNCIL**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2020**
||31.12.20|31.12.19|
|---|---|---|
||£|£|
|**Raising donations and legacies**|||
|**Other resources expended**|||
|Missionary and charitable giving|**1,288**|2,060|
|**Support costs**|||
|**Finance**|||
|Bank charges|**1**|11|
|**Governance costs**|||
|Independent examination|**198**|198|
|Grant application fees|**945**|-|
||**1,143**|198|
|Total resources expended|**87,565**|131,153|
|**Net income/(expenditure)**|**11,255**|(29,940)|
This page does not form part of the statutory financial statements
Page 10