REGISTERED CHARITY NUMBER: 1166503 REPORT OF THE TRUSTEES AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 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 2021 Page Report of the Trustees Independent Examiner's Report Statement of Financial Activities Balance Sheet Notes to the Financial Statements Detailed Statement of Financial Activities 9 to 10
ST ANNES, CHURCH TURTON PARQCHIAL CHURCH COUNCIL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. 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 l 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 forni 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 I
ST ANNF.,S' CHURCH TURTON PAROCHIAL CHURCH COUNCTL REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021 Trustees Board of Trustees: Reverend Canon P Reiss (Chaimlan and Team Rector) Mrs N Barlow (Churchwarden) Mr H Campbell (Churchwarden) Mr R Heron (Secretary) Mrs B Kenny (Treasurer from 19 May) Mr S Hobson (Vicc-chairman) Mr R Battersby (Treasurer to 19 May) Mr D Bonscr Mr D Smith Mrs B Arundel Mrs M Forster Mrs S Glancy- Left 19 May Mr A Mather- Left 19 May Mrs K Smith Mrs M Topham Mi's S Wilson - Left 19 May Mrs J Allsop Mrs P Kirk R¢verend M Bulcock Mi"s K Bulcock Mrs L Westhead Mr G Minshull Mrs J Rigby - Joined 19 May Mrs L Farnworth - Joined 19 May Independent Examlner Mr Adam J Syddall MA ACA P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lancashire BLI 3AJ Bankers Royal Bank of Scotland PLC 4648 Deansgate Bolton Approved by order of the board of trustees on .. . and signed on its behalf by: - Trustee Page 2
INDEPENDENT EXAMINER'S REPORT TQ THE TRUSTEES OF ST ANNF.S' CHURCH TURTON PAROCHTAI, CHURCH COUNCII. Independent examiner's report to the trustees of St Annes, Church Turton Parochial Church Council I report to the charity trustees on my cxamination of the accounts of St Annes, Church Twton Parochial Church Council (the Trust) for the year ended 31 December 2021. Responsibllltles and basls of report As dic charity trustees ot" the Trust you are I'esponsible t"oi" the preparation of the accounts in accordance with the I'equii"ements of the Charities Act 2011 ('th¢ 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 examlner's statement I have completed my examination. I confirm that no material matters have come to my attention in connection Nvith the examination giving me cause to believe that in any material respect: accouiiting records were not kept in respect of the Trust as required by section 130 of the Act; or the accounts do not accord with those records. or the accounts do not comply with the applicable requirernents concerning the forn] and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the account,$ 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 thc cxamination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. LVJ Mr Adam J Syddall MA ACA P B Syddall & Co Chartered Accountants Grafton House 81 Chorley Old Road Bolton Lanca.shire BLI 3AJ Date: ... i."..T.v.w.. 20 ZJL Page 3
ST ANNES, CHURCH TURTON PAROCHIAL CHURCH COUNCIL STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021 31.12.21 Total funds 31.12.20 Total funds Unrestricted fund Restricted funds Notes INCOME AND ENDOWMENTS FROM Voluntary income 46,569 1,200 47,769 57,516 Charitable activities Churchyard Grant 9,450 Activities for raising funds Investment income 22,115 5,777 22,115 7,697 26,370 5,484 1,920 Total 74,461 3,120 77,581 98,820 EXPENDITURE ON Charitable activities and upkeep 75,486 70,361 145,847 85,332 Charitable activities Churchyard Grant 945 Other resources expended 2,039 2,039 1,288 Total 77,525 70,361 147,886 87,565 Net gains on investments 2,287 2,287 4,040 NET INCOME/(EXPENDITURE) (777) (67,241) (68,018) 15,295 Transfers between funds 9,100 (9,100) Net movement in funds 8,323 (76,341) (68,018) 15,295 RECONCILIATION OF FUNDS Total funds brought forward 113,187 132,368 245,555 230,260 TOTAL FUNDS CARRIED FORWARD 121,510 56,027 177,537 245,555 The notes forni part of these financial statements Page 4
ST ANNES, CHURCH TURTON PAROCHTAI: CHURCH COUNCTI. BALANCE SHEET 31 DECEMBLR 2021 31.12.21 Total funds 31.12.20 Total funds Unrestsicte(I fund Restsicted funds Notes FIXED ASSETS InvestmenLs 68,542 4,390 72,932 70,645 CURRENT ASSETS Debtors Short term deposits Cash at bank and in hand 876 132,831 42,247 21,966 35,287 50,865 772 72,831 36,059 57,253 51,637 108,890 175,954 CREDITORS Amounts falling due within one year (4,285) (4,285) (1,044) NET CURRENT ASSETS 52,968 51,637 104,605 174,910 TOTAL ASSETS LESS CURRENT LIABILITIES 121,510 56,027 177,537 245,555 NET ASSETS 121,510 56,027 177,537 245,555 FUNDS Uiu"e&itrictcd fuiids Restricted funds 121,510 56,027 113,187 132,368 TOTAL FUNDS 177,537 245,555 The 011 . and were signed on its behalf by: SllgbsgL. Trustee enny - Trust The notes forni 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 2021 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. ACTIVITIES FOR RAISING FUNDS 31.12.21 31.12.20 Fètes, bazaars, other fundraising events Publications Lettings and room hire Fees and churchyard 7,170 11,881 2,563 3,221 8,705 2,338 12,607 22,115 26,370 Page 6 continued...
ST ANNES, CHVRCH TURTON PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2021 INVESTMENT INCOME 31.12.21 31.12.20 Ground rents Dividends and interest 5,909 1,788 3,322 2,162 7,697 5,484 TRUSTEES, REMUNERATION AND BENEFITS There were no trustees, remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020. Trustees, expenses There were no trustees, expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020. FIXED ASSET INVESTMENTS Listed investments MARKET VALUE At l January 2021 Revaluations 70,645 2,287 At 31 December 2021 72,932 NET BOOK VALUE At 31 December 2021 72,932 At 31 December 2020 70,645 There were no investment assets outside the UK. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.21 31.12.20 Prepayments 876 Page 7 continued...
ST ANNES, CHURCH TURTON PAROCHIAL CHURCH COUNCIL NOTES TO THE FINANCIAL STATEMENTS- continued FOR THE YEAR ENDED 31 DECEMBER 2021 CURRENT ASSET INVESTMENTS These are short tenn 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 2021 the balances of these accounts were as follows: The Violet Agnes Hayter Memorial Fund £50,865 (restricted). PCC GR Deposit Account £21,966 (unrestricted funds). CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR 31.12.21 31.12.20 Fees due to Manchester DBF Accrued expenses 846 198 4,285 4,285 1,044 MOVEMENT IN FUNDS Net movement in funds At 1.1.21 At 31.12.21 Unrestricted funds General fund 113,187 8,323 121,510 Restricted funds Restricted St James, Refurbishment Account Churchyard Account Violet Agnes Hayter Fund 4,573 4,239 12,691 110,865 4,573 41 548 50,865 (4,198) (12,143) (60,000) 132,368 (76,341) 56,027 TOTAL FUNDS 245,555 (68,018) 177,537 10. RELATED PARTY DISCLOSURES The following related party transactions took place for the year ended 31 December 2021: Mr D Smith received £2,626 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 £225 for her services as a verger and clerk. Mrs K Smith is a trustee of the charity. Ms J Topham received £587 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 CHVRCH COUNCIL DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021 31.12.21 31.12.20 INCOME AND ENDOWMENTS Voluntary income Covenants and related tax recoverable Uncovenanted giving Collections Legacies, donations and appeals 35,989 2,015 2,641 7,124 46,394 1,495 685 8,942 47,769 57,516 Activities for raising funds Fètes, bazaars, other fundraising events Publications Lettings and room hire Fees and churchyard 7,170 11,881 2,563 3,221 8,705 2,338 12,607 22,115 26,370 Investment income Ground rents Dividends and interest 5,909 1,788 3,322 2,162 7,697 5,484 Charitable activities Grants 9,450 Total incoming resources 77,581 98,820 EXPENDITURE Raising donations and legacies Staff wages and fees Incumbent's expenses and shared team costs Vicarage maintenance Heating, lighting, water and insurance Repairs and services upkeep Publications Printing and stationery Telephone and sundries Churchyard Fees for weddings and funerals Parish share Costs of fétes and other fundraising events 3,658 1,966 3,429 17,233 60,149 3,229 2,497 4,700 14,268 10,991 977 438 672 630 965 44,000 1,766 601 631 10,889 2,383 44,880 28 145,847 85,133 This page does not forn] part of the statutory fmancial statements Page 9
ST ANNES, CHURCH TURTON PAROCHIAL CHURCH COUNCIL DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021 31.12.21 31.12.20 Raising donations and legacies Other resources expended Missionary and charitable giving 1,023 1,288 Support costs Finance Bank charges 26 Governance costs Independent examination Grant application fees 198 792 198 945 990 1,143 Total resources expended 147,886 87,565 Net (expenditure)/income (70,305) 11,255 This page does not fonn part of the statutory financial statements Page 10