LOUGHBOROUGH PARISH CHURCH
- ALL SAINTS WITH HOLY TRINITY ACCOUNTS FOR THE YEAR ENDED
31 DECEMBER 2020
Charity Number: 1171031
Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR Tel: 01509 214163
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LOUGHBOROUGH PARISH CHURCH
- ALL SAINTS WITH HOLY TRINITY
ANNUAL REPORT OF THE PCC
AIMS AND PURPOSES
All Saints with Holy Trinity Parochial Church Council (PCC) has the responsibility of cooperating with the Rector in promoting in the ecclesiastical parish, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is responsible for the maintenance of the All Saints Church building and leases Fearon Hall and Rosebery St Peters to Fearon Hall Community Association and Rosebery St Peters Community Association respectively. From August 2020 Rosebery St Peter’s has been leased to Loughborough Inclusion Partnership. The field is leased to 3M
The PCC intends both public benefit and growth in our church. As part of the Inclusive Church network we seek to be a place where everyone can find a welcome and participate fully in the life of the church regardless of economic power, gender, mental health, physical ability, race or sexuality.
The PCC gives consideration to the Charity Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion, when reviewing the church’s aims and objectives and planning future activities and policies.
ACHIEVEMENTS AND PERFORMANCE
Worship and Prayer
All of our activities in 2020 were affected by the pandemic. We responded to the public health crisis by following appropriate risk assessments and closing the church building when required to and when we felt it was necessary. This meant much of our services were taken online making use of social media platforms, video conferencing software and Youtube to continue to connect with the congregation and wider community.
We have delivered daily prayer, one or two services on a Sunday covering a range of styles that reflect our worship. We have also experimented this year with live streaming services from the church building.
At the end of 2020, there were 138 parishioners on the Church Electoral Roll, 101 of whom are not resident within the parish.
As well as our regular services, we enable our community to celebrate and thank God at the milestones of the journey through life. Through baptism we thank God for the gift of life, in marriage public vows are exchanged with God’s blessing and through funeral services friends and family express their grief and give thanks for the life which is now complete in this world and to commend the person into God's keeping. Despite the restrictions this year we were still able to have celebrated 2 weddings and to conduct 9 funerals. Baptisms planned for Easter Sunday were postponed due to lockdown.
Deanery Synod
Three members of the PCC sit on the deanery synod. This provides the PCC with an important link between the parish and the wider structures of the church.
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LOUGHBOROUGH PARISH CHURCH- ALL SAINTS WITH HOLY TRINITY
ANNUAL REPORT OF THE PCC (continued)
Mission and Evangelism
Throughout the year we look for different ways to connect with our local community and offer opportunities for those who wish to explore the Christian faith.
We supported the work of Christian Aid and in addition had three designated charitable partners:
Falcon Centre – helping the homeless and vulnerably housed Loughborough Town of Sanctuary – offering a welcome to asylum seekers South African Soup Kitchen – practical support for those in need
In a normal year we aim to keep the church building open as much as possible allowing people in the community to access this sacred space whenever they feel the need. Visitors often call in when the doors are open to light a candle, sit quietly or admire the historic architecture.
Our weekly notice sheet, monthly parish magazine, website and social media feeds help to communicate our activities to the community.
Ecumenical Relationships
We are a member of Loughborough Churches Partnership and support the joint ventures that happen in the town. As a church in a multi faith parish we seek to work in partnership with other faith groups wherever possible.
FINANCIAL REVIEW
In 2020 the church finances benefitted from the faithfulness of both past and present donors. Donors from the past had helped create the reserves which provided the financial confidence for continuing activities through the pandemic. The present donors responded with great generosity to narrow the gap between income and expenditure. The income level suffered a reduction as a result of the cancellation of the Christmas tree festival and the loss of donations from visitors whilst the church building was closed. The unrestricted income for the year was £118,866, whilst expenditure was £122,535 resulting in a loss of £3,669.
The congregation generously gave over £6,000 to the Easter gift fund toward the running costs of the church. It was possible to keep commitments made to increase the Parish Gift to the Diocese and maintain charitable giving. It was also possible to stop the water ingress from the south roof by a short term repair. We were grateful for the support of the Edward Warner trust and the continuation of payments from the Diocesan Growth fund.
The pandemic resulted in the delivery of services remotely which was aided by the investment enabling the church WiFi connectivity. The wider congregation supported the Christmas Gift appeal to raise £10,000 towards the future purchase of filming/recording/streaming equipment. The resulting funds will be held in the Designated Heritage fund.
During the year, donations and commitments from charitable trusts were made to the Chancel Restoration project. The work commenced after committed funds equalled the contracted cost of £103,689 plus VAT and architect’s fees. The first payments were made to contractors before the end of the year. The Chancel fund is held within the Restricted Fabric Fund.
In March the Rosebery CA decided as a result of the pandemic that they could not continue to use the Rosebery Centre. After taking professional advice from both our property agent and lawyers, the PCC rented out the building to the Loughborough Inclusion Partnership.
At the year end the reserves held by All Saints with Holy Trinity comply with the Reserves policy agreed by the PCC. The financial situation of the church at the end of 2020 is robust, but requires careful management in planning for the future.
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LOUGHBOROUGH PARISH CHURCH- ALL SAINTS WITH HOLY TRINITY
ANNUAL REPORT OF THE PCC (continued)
RESERVES POLICY
The PCC regularly reviews levels of reserves as part of the budgeting procedure. The PCC believes the current level of reserves is adequate, but needs to be held at a similar level to meet the uncertain demands of a medieval church building, comply with modern legislation, guarantee proper payment of salaries and other financial commitments.
The PCC considers that an appropriate level of unrestricted reserves in the short term as at 31st December 2020 would be at least £70,000. This is based on an estimate of on-going unrestricted expenditure for a minimum six month period next year based on the forecasted unrestricted expenditure for 2021 (£135,100). The current value of the unrestricted funds as at 31st December 2020 is £78,574.
VOLUNTEERS
The majority of the work of the PCC is carried out by volunteers; administrative, practical, pastoral and missional activities are all largely undertaken by people freely giving their time and talents. Our thanks are due to each one of them who help in and around church and serve in so many different ways.
STRUCTURE, GOVERNANCE AND MANAGEMENT
The method of appointment of PCC members is set out in the Church Representation Rules. The membership of the PCC consists of the incumbent (our 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. New members receive initial training into the workings of the PCC.
The full PCC met 7 times during the year with smaller sub committees overseeing detailed aspects of the trustees’ work. In 2020 these included:
Finance & Stewardship Conservation & Development Safeguarding Staffing Standing Committee
In addition, PCC members are involved with a range of activities within church life including social events, children’s work, pastoral care, promoting charitable partners, publicity and key outreach events, the Summer Fete and the Christmas Tree Festival.
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LOUGHBOROUGH PARISH CHURCH- ALL SAINTS WITH HOLY TRINITY
ANNUAL REPORT OF THE PCC (continued)
Administrative Information
The Parish of All Saints with Holy Trinity is part of the Diocese of Leicester within the Church of England. All Saints Church is situated in Steeple Row, Loughborough and is part of the Diocese of Leicester within the Church of England.
Parish Office, Fearon Hall Rectory Road Loughborough, LE11 1PL
Tel: 01509 217029
email office@allsaintsloughborough.org.uk
The PCC is a body corporate (PCC Powers Measure 1956, Church Representation Rules 2006) and is a registered charity number 117103
Bankers
HSBC CCLA 41 Market Place Senator House LOUGHBOROUGH 85 Queen Victoria Street LE11 1PL EC4V 4ET
PCC members who have served at any time from 1 January 2020 until the date this report was approved are:
Ex Officio Members
| Rector and Chair | The Revd Wendy Dalrymple | |
|---|---|---|
| Curate | Revd Mark Carroll | until 31 August 2020 |
| Pioneer Curate | Rev. Emily Sharman | |
| Church Wardens | Angela Woodward | elected 30 September 2020 (second term) |
| Trevor Shaw | elected 2019 until 22 November 2020 | |
| Gwyn Bates | elected 22 November 2020 (first term) | |
| Deanery Synod reps | Bob Edge | 30 September 2020 (second term) |
| James Strong | 30 September 2020 (first term) | |
| Bridget Thornhill | 30 September 2020 (second term) | |
| Diocesan Synod Reps | Penny Pullan | 1 August 2020 (first term) |
| Elected Members | Gwyn Bates | elected 2018 until 30 September 2020 |
| Lee Bradley | elected 2020 (first term) | |
| Rachael Brind-Surch | elected 2020 (first term) | |
| Angela Clark | elected 2017 until 30 September 2020 | |
| Tom Carslake | elected 2019 (first term) | |
| Sean Fitzpatrick | elected 2019 (first term) | |
| Athena Gkouti | elected 2018 until 30 September 2020 | |
| Gail Hastilow | elected 2018 (second term) | |
| Nicky Morgan | elected 2018 (first term) | |
| Joanna Nyabadza | elected 2019 (first term) | |
| Emma Smith | elected 2018 (first term) | |
| Graeme Smith | elected 2020 (first term) | |
| Adina Maria State | elected 2019 (first term) | |
| Phillippa Taylor | elected 2018 until 30 September 2020 | |
| Maud Wainwright-Pilton | elected 2020 (first term) | |
| Penny White | elected 2020 (first term) | |
| Co-opted members | Anne Johnson | Secretary until 30 September 2020 |
| Jackie Wainwright | Secretary from 3 October 2020 | |
| Bridget Towle | Treasurer, Chair of Finance from 3 October 2020 |
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LOUGHBOROUGH PARISH CHURCH- ALL SAINTS WITH HOLY TRINITY
ANNUAL REPORT OF THE PCC (continued)
Members Responsibilities
The responsibilities of members of the PCC in relation to the financial statements
The laws applicable to charities in England and Wales require the officers to prepare financial statements for each financial year which give a true and fair view of the church's financial activities during the year and of its financial position at the end of the year. In preparing those financial statements, the officers are required to:
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select suitable accounting policies and then apply them consistently;
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make judgements and estimates that are reasonable and prudent;
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state whether applicable accounting standards and statements of recommended practice have been followed subject to any departures disclosed and explained in the financial statements; and
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prepare the financial statements on the going concern basis unless it is inappropriate to presume that the church will continue to function.
The members are responsible for keeping accounting records which disclose with reasonable accuracy at any time the financial position of the church and enable them to ensure that the financial statements comply with the Charities Act 1993. They are also responsible for safeguarding the assets of the church and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the members on 27 March 2021 and signed on their behalf by:
................................................................................
Revd Wendy Dalrymple Chair of the PCC
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INDEPENDENT EXAMINER’S REPORT
TO THE PCC OF LOUGHBOROUGH PARISH CHURCH
- ALL SAINTS WITH HOLY TRINITY
I report on the accounts of the PCC for the year ended 31 December 2020, which are set out on pages 7 to 10.
Respective Responsibilities of Trustees and Examiner
The charity’s trustees are responsible for the preparation of the accounts. The charity’s 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:
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examine the accounts under section 145 of the 2011 Act
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follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act, and
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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 Commissioners. An examination includes a review of the accounting records kept by the PCC 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 of the PCC 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 statement below.
Independent Examiner’s Statement
In connection with my examination, no matter has come to my attention:
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(1) which gives me reasonable cause to believe that in any material respect the requirements
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to keep accounting records in accordance with section 130 of the 2011 Act; and
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to prepare accounts which accord with the accounting records and comply with the 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.
D R Gradon FCA Cound & Co LLP 1 Princes Court Royal Way Loughborough Leics, LE11 5XR
27 March 2021
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LOUGHBOROUGH PARISH CHURCH
- ALL SAINTS WITH HOLY TRINITY
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020
| RECEIPTS Incoming Resources from Donors Planned giving Collections Income tax (Gift Aid) and LPWS VAT recovered Donations from Other Charities Legacies Other Voluntary Incoming Resources Donations Income from Visitor Tins Day by Day scheme Parishioners fundraising Income from Investments Interest received – CBF Interest received – HSBC Income from Charitable and Ancillary Trading Parish fete Christmas tree festival Contributions for use of church Rent received Fees Other Income Grants received Other income TOTAL RECEIPTS |
RESTRICTED FUNDS 2020 2019 - - 600 - 7879 4895 13600 5550 320 10478 27550 10341 - - - - - - 321 210 21 75 - - - - - - - - - - - - __ ____ £50291 £31549 |
DESIGNATED FUNDS 2020 2019 - - 6410 - - - - - - - - 167 - - 400 - - - 302 491 - - - - - - - - - - - - - - - - __ ____ £7112 £658 |
UNRESTRICTED FUNDS 2020 2019 2020 54234 54663 54234 13919 10227 20929 15377 10570 23256 1760 3375 15360 4000 - 4320 770 2029 28320 428 843 428 388 788 788 - 12 - 463 460 1086 - - 21 - 1134 - - 11188 - 695 1865 695 12094 22145 12094 2940 4711 2940 11004 14458 11004 794 1128 794 __ _ ___ £118866 £139596 £176269 |
TOTAL 2019 54663 10227 15465 8925 10478 12537 843 788 12 1161 75 1134 11188 1865 22145 4711 14458 1128 ______ £171803 |
|---|---|---|---|---|
| 2020 - 6410 - - - - - 400 - 302 - - - - - - - - ______ £7112 |
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LOUGHBOROUGH PARISH CHURCH
- ALL SAINTS WITH HOLY TRINITY
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2020
| PAYMENTS Activities Directly Relating to Work of the Church Parish gift to Diocese Church running costs Church insurance Clergy expenses Cost of services (inc adverts) Printing and magazines Buildings maintenance Charitable donations Future Development Music Church Management & Administration Wages and NIC Parish office expenses Accountancy fees Cost of parishioners fundraising Bank charges Professional Fees TOTAL PAYMENTS SURPLUS/DEFICIT FOR THE YEAR BANK BALANCES B/FWD TRANSFER BANK BALANCE C/FWD |
RESTRICTED FUNDS 2020 2019 - - - - - - - - - - - - 40580 1870 - 339 - - - - - - - - - - - - - 9 1800 12502 _ £42380 £14720 _ 7911 16829 84890 68061 990 - £93791 £84890 |
DESIGNATED FUNDS 2020 2019 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - _ £- £- __ _ 7112 658 71728 71070 900 - _ ___ £79740 £71728 |
UNRESTRICTED FUNDS 2020 2019 45000 40500 6299 6700 9103 11448 3207 4710 3906 5953 1020 2357 13213 8536 2365 2255 1106 - 5778 6395 16736 18952 2318 6806 3300 2160 - 3758 16 - 9168 - __ _ £122535 £120530 (3669 ) 19066 84133 65067 (1890 ) - ___ £78574 £84133 |
TOTAL 2020 2019 45000 40500 6299 6700 9103 11448 3207 4710 3906 5953 1020 2357 53793 10406 2365 2594 1106 - 5778 6395 16736 18952 2318 6806 3300 2160 - 3758 16 9 10968 12502 __ _ £164915 £135250 11354 36553 240751 204198 - _ ____ £252105 £240751 |
|---|---|---|---|---|
| 2020 - - - - - - - - - - - - - - - - _ £- 7112 71728 900 ___ £79740 |
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LOUGHBOROUGH PARISH CHURCH
- ALL SAINTS WITH HOLY TRINITY
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2020
| 2020 | 2019 | ||||
|---|---|---|---|---|---|
| CURRENT ASSETS– Bank Balances | |||||
| Charity Fund | |||||
| CBF – Deposit Account (619050001D) | - | 10 | |||
| CBF – Income Shares (6190500015) | 9000 | 9000 | 9000 | 9010 | |
| _____ | _____ | ||||
| Fabric Fund | |||||
| CBF – Deposit Account (619050002D) | 83940 | 56619 | |||
| HSBC – Fabric Fund HICA (31363573) | 851 | 84791 | 19261 | 75880 | |
| _____ | _____ | ||||
| Heritage Fund | |||||
| CBF – Deposit Account (619198001D) | 71505 | 71202 | |||
| HSBC – Heritage Fund (02256541) | 8235 | 79740 | 526 | 71728 | |
| _____ | _____ | ||||
| General Fund | |||||
| CBF – Deposit Account (619050001D) | 69998 | 19847 | |||
| HSBC – Day By Day Account (61777262) | 2 | 34 | |||
| HSBC – 100 Club Account (90100536) | 62 | 57 | |||
| HSBC – Current Account (41857754) | 7937 | 61197 | |||
| HSBC – Fees Account (21786601) | 575 | 78574 | 2998 | 84133 | |
| _____ | ______ | _____ | ______ | ||
| TOTAL CURRENT ASSETS | 252105 | 240751 | |||
| ______ | ______ | ||||
| TOTAL NET ASSETS | £252105 | £240751 | |||
| ______ | ______ | ||||
| UNRESTRICTED FUNDS | |||||
| Unrestricted Fund | 78574 | 84133 | |||
| Designated Funds | 1 | 79740 | 71728 | ||
| Restricted Funds | 2 | 93791 | 84890 | ||
| ______ | ______ | ||||
| Total Funds | £252105 ______ |
£240751 ______ |
The accounts were approved by the PCC on 27 March 2021 and signed on their behalf by:
………………………………………………… Revd Wendy Dalrymple, Chair of the PCC
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LOUGHBOROUGH PARISH CHURCH
- ALL SAINTS WITH HOLY TRINITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2020
1 DESIGNATED FUNDS
| B/Fwd Heritage Fund £71728 |
Receipts 7112 |
Payments - |
Transfers 900 |
C/Fwd |
|---|---|---|---|---|
| 79740 |
2 RESTRICTED FUNDS
| RESTRICTED FUNDS | |||
|---|---|---|---|
| B/Fwd Charity Fund 9010 Fabric Fund 19554 Chancel Fund 56326 _____ £84890 |
Receipts - 942 49349 ______ 50291 |
Write Downs Payments & Transfers C/Fwd - (10 ) 9000 - - 20496 42380 1000 64295 _ __ 42380 990 £93791 |
C/Fwd |
_ |
3 WAGES
| 2020 | 2019 | |
|---|---|---|
| Wages | 21524 | 18530 |
| Employer’s Pension Contributions | 627 | 422 |
| Statutory Maternity Pay Recovered | (3862 ) | - |
| Job Retention Scheme Grants | (1553 ) | - |
| _____ | _____ | |
| £16736 _____ |
£18952 _____ |
Our ref: DRG/ALL 012
PRIVATE & CONFIDENTIAL
Bridget Towle c/o The Parish Office Fearon Hall Rectory Road Loughborough Leics LE11 1PL
12 March 2021
Dear Bridget
ALL SAINTS PCC ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2020
I enclose:
a) your bound copy b) your 5 unbound copies c) our file copy.
I would be grateful if you would arrange for our file copy to be signed and returned to us in due course.
I have sent you a pdf copy of the final accounts by email.
I also enclose a note of our fees for your kind attention in due course.
Please let me know if you require any further information.
Yours sincerely
D R Gradon MA FCA for Cound & Co LLP