LOUGHBOROUGH PARISH CHURCH
- ALL SAINTS WITH HOLY TRINITY
ACCOUNTS FOR THE YEAR ENDED
31 DECEMBER 2021
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 - Annual Report & Financial Statements, Lecture notes of Accounting
The annual report and financial statements of Loughborough Parish Church - All Saints with Holy Trinity for the year ended 31 December 2021. It includes information on the PCC's aims and purposes, members' responsibilities, receipts and payments, and independent examiner's report.
What you will learn
- How are the funds of the PCC at Loughborough Parish Church - All Saints with Holy Trinity managed and spent?
- Who are the members of the PCC at Loughborough Parish Church - All Saints with Holy Trinity?
- What are the aims and purposes of the PCC at Loughborough Parish Church - All Saints with Holy Trinity?
Typology: Lecture notes
2021/2022
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LOUGHBOROUGH PARISH CHURCH
- ALL SAINTS WITH HOLY TRINITY
ACCOUNTS FOR THE YEAR ENDED
31 DECEMBER 2021
Charity Number: 1171031
Cound & Co LLP Chartered Accountants 1 Princes Court Royal Way Loughborough Leics LE11 5XR
Tel: 01509 214163
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 to Fearon Hall Community Association. From January 2021 to October 2021 Rosebery St Peter’s was leased to Loughborough Inclusion Partnership and has stood vacant since. 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
2021 continued to be affected by the pandemic. With a large building we were able to return to in person services with appropriate risk assessments in place. We continued to make use of social media platforms, video conferencing software and Youtube to stay connected with the congregation and wider community. We were also able to embed a regular pattern of live streaming our main morning services which has been gratefully received by those unable to attend in person.
Our pattern of daily prayer has continued both online and in the church building and a new weekday weekly Evensong has been introduced along with recommencing our midweek Communion service.
At the end of 2021, there were 137 parishioners on the Church Electoral Roll, 102 of whom are not resident within the parish. During 2021, 4 people moved away and 1 person left the electoral roll through death.
As well as our regular services, we enabled 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 of 2021 we were still able to have celebrated 3 baptisms, 4 weddings and to conduct 6 funerals.
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.
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 2021 would be at least £76,000. 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 2022 (£150,700). The current value of the unrestricted funds as at 31st December 2021 is £80,604.
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 2021 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.
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 Tel: 01509 217029 Rectory Road Loughborough, LE11 1PL 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 2021 until the date this report was approved are:
Ex Officio Members
Rector and Chair The Revd Wendy Dalrymple Curate Revd Liz Piki from August 2021 Pioneer Curate Rev. Emily Sharman Church Wardens Angela Woodward elected May 2021 (third term) Gwyn Bates elected May 2021 (second term)
Deanery Synod reps Bob Edge elected 2020 resigned September 2021 James Strong elected 2020 (first term) Bridget Thornhill elected 2020 (second term)
Diocesan Synod Reps Penny Pullan
Elected Members Lee Bradley elected 2020 (first term) Rachael Brind-Surch elected 2020 (first term) Tom Carslake elected 2019 (first term) resigned September 2021 Nicky Morgan elected 2021 (second term) Graeme Smith elected 2020 (first term) Maud Wainwright-Pilton elected 2020 (first term) Penny White elected 2020 (first term) Jess Wardle elected 2021 (first term) Kate Burns elected 2021 (first term) Bob Edge elected 2021 (first term)
Co-opted members Bridget Towle Treasurer, Chair of Finance from May 2021 Jackie Wainwright Secretary from May 2021
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 2021, 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:
- examine the accounts under section 145 of the 2011 Act
- follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the 2011 Act, and
- 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:
(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 2011 Act; and
- 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 26 March 2022
LOUGHBOROUGH PARISH CHURCH^ - ALL SAINTS WITH HOLY TRINITY
RECEIPTS AND PAYMENTS ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021
RESTRICTED FUNDS
DESIGNATED FUNDS
UNRESTRICTED FUNDS
TOTAL
RECEIPTS Incoming Resources from Donors
Planned giving
-^
-^
-^
-^
Collections
and Donations
Income tax
(Gift Aid
)^
-^
LPWS VAT
recovered
-^
-^
Donations from Other Charities
-^
Legacies
-^
-^
-^
-^
Other Voluntary Incoming Resources
External
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
£^38853
£^35005
£^133990
£^207848
______
______
______
______
______
______
______
______
LOUGHBOROUGH PARISH CHURCH
- ALL SAINTS WITH HOLY TRINITY
STATEMENT OF ASSETS AND LIABILITIES AS AT 31 DECEMBER 2021
CURRENT ASSETS – Bank Balances
Church Charity Fund CBF – Income Shares (6190500015) 9000 9000
Church Fabric Fund CBF – Deposit Account (619050002D) 41421 83940 HSBC – Fabric Fund HICA (31363573) 3122 44543 851 84791
Heritage Fund CBF – Deposit Account (6191 98 001D) 72755 71505 HSBC – Heritage Fund (02256541) 41985 114740 8235 79740
General Fund CBF – Deposit Account (619050001D) 70035 69998 HSBC – Day By Day Account (61777262) 601 2 HSBC – 100 Club Account (90100536) 62 62 HSBC – Current Account (41857754) 8388 7937 HSBC – Fees Account (21786601) 1415 575 Cash Account 103 80604 - 78574
TOTAL CURRENT ASSETS 248887 252105
______ ______
TOTAL NET ASSETS £ 248887 £
______ ______
UNRESTRICTED FUNDS
Unrestricted Fund 80604 78574 Designated Funds 1 114740 79740 Restricted Funds 2 53543 93791
Total Funds £ 248887 £
The accounts were approved by the PCC on 26 March 2022 and signed on their behalf by:
Revd Wendy Dalrymple, Chair of the PCC
LOUGHBOROUGH PARISH CHURCH
- ALL SAINTS WITH HOLY TRINITY
NOTES TO THE ACCOUNTS
FOR THE YEAR ENDED 31 DECEMBER 2021
1 DESIGNATED FUNDS
B/Fwd Receipts Payments Transfers C/Fwd
Heritage Fund £ 79740 35005 (5 ) - £ 114740
2 RESTRICTED FUNDS
Write Downs B/Fwd Receipts Payments & Transfers C/Fwd
Charity Fund 9000 - - - 9000 Church Fabric Fund 84791 38853 (79101 ) - 44543
_____ _____ _____ _____ _____
3 WAGES
Wages 21159 21524 Employer’s Pension Contributions 655 627 Statutory Maternity Pay Recovered 156 (3862 ) Job Retention Scheme Grants (2962 ) (1553 )