THE PAROCHIAL CHURCH COUNCIL - St James Thorley · The PCC of St James the Great is a registered...

2016 REPORT AND ACCOUNTS

FOR

THE PAROCHIAL CHURCH COUNCIL

OF

ST. JAMES THE GREAT

THORLEY

REGISTERED CHARITY NO. 1130506

Thorley Parochial Church Council

Annual Report and Accounts for the year ended

31st December 2016

1

Registered Charity No: 1130506

Parochial Church Council (“PCC”)

Members (Trustees):

Chris Orme (Rector) (Chairman)

Ruth Atkinson (Curate) (From July 2016)

Clive Weir (Churchwarden until April 2016, PCC until 2019)

Sue Carr (Churchwarden) (From January 2016)

Philippa Roy-Chowdhury (Churchwarden) (From April 2016)

Chris Carr (Reader)

Augusta (Gus) Doyle (PCC and Treasurer from April 2016)

Paul Martin (PCC until 2018 and PCC Secretary)

Bruce Farrell (PCC until 2018 and Treasurer to March 2016)

Helen Turner (Reader, Deanery until 2017)

Katharine Roper (Reader)

John Clark (Until April 2016)

Chris Conridge (PCC Until 2017)

John Wiseman (PCC Until 2017)

Calvin Barrows (PCC Until 2017)

Maureen Hargrave (Deanery until 2017)

Becky Miles (Deanery until 2017)

John Wrentmore (Deanery until 2017)

Sylvia Barrows (PCC Until 2018)

Di Griffith (PCC from April 2016)

PCC Secretary Paul Martin

Principal Office: Church Office

The St Barnabas Centre

Church Lane

Thorley

Bishop's Stortford

CM23 4BE

Bankers: Barclays Bank Plc.

10 North Street

Bishop's Stortford

CM23 2LH

Independent Examiners: Barrow LLP

Rae House

Dane Street

Bishop's Stortford

CM23 3BT

Insurers: EIO (Ecclesiastical Insurance Office) Plc



31st December 2016

2

Overview

We started 2016 with key decisions having been made and a new vision taking shape. Strong support from the church

family was shown by a wonderful outpouring of generosity at the Giving Day held in January. This combined with

a robust budget and ongoing prayer has led to us ending 2016 in a considerably stronger position than 2015.

In June Clare Johnston, the children’s worker, finished her term with us and Ruth Atkinson joined us as curate.

SBC Ltd, the weddings reception business was wound up and the last event arranged by SBC Ltd, took place in

October. We launched the Leading Your Church into Growth programme in November and almost every member of

the church family has been involved in some way.

This report outlines the events of the year and the activities and decisions of the PCC. It also outlines the ongoing

mission and ministry of St James and the vision for making disciples and growing the Church.

Buildings

The PCC has responsibility for five buildings:

The Church Centre Complex, Church Lane, Thorley

• The Church which dates from the 13th century

• The church room, originally the old Thorley schoolroom, rebuilt in 1994

• The St Barnabas Centre (SBC), a restored 16th century tithe barn, opened April 1996

• The Emmaus Centre, a rebuilt Dutch barn, opened 2003

Vicerons Place, Thorley Park

• The Thorley Christian Centre (TCC), originally a 'Local Ecumenical Project' until it was taken over by the

PCC in 2001 at the request of the other churches.

Aims and Purposes of the PCC

Thorley PCC has the responsibility of co-operating with the rector in promoting the whole mission of the Church

within the ecclesiastical parish, which embraces pastoral, evangelistic, social and ecumenical initiatives.

The PCC’s aim is to make Jesus known in Thorley and beyond.

Ensuring our work delivers our aims

We review our aims, objectives and outcomes each year. This review looks at the success of each key activity and

the benefits they have brought to those groups of people we help and support. The review also enables us to ensure

our aim, objectives and activities remain focused on our stated purposes. We have referred to the guidance contained

in the Charity Commission’s general guidance on public benefit when reviewing our aims and objectives and in

planning our future activities. In particular, the PCC considers how planned activities will contribute to aims and

objectives they have set.

Mission Action Plan (MAP)

In May the Rector and two members of the church family attended the national Leading Your Church into Growth

(LYCIG) course. During the last part of 2016 and into 2017 we have been running ‘LYCIG Local’ and engaging

the whole church. We will be using the output from this programme to drive new growth and a new Mission

Action Plan in 2017.



31st December 2016

3

Structure, governance and management

At the Annual Meeting of Parishioners, held in April, all those living in the parish or on the Electoral Roll of St James

the Great are entitled to elect two Churchwardens who are elected annually and can hold office for six successive

years, although this can be extended by a meeting of the parishioners.

The PCC of St James the Great is a registered charity and all members, including ex-officio and co-opted members

are trustees named on the Charity Commission register.

The structure and governance of the PCC is laid out in the Church Representation Rules 2017 as amended from time

to time, and is made up of several categories of members as follows:

• The rector (chairman)

• The curate

• Up to three Readers (by resolution of the APCM in 2016)

• 2 elected churchwardens

• 4 elected Deanery Synod representatives

• 9 (by a resolution passed at the APCM in 2016) elected lay representatives

Other members of the congregation may be co-opted as required, but not exceeding in number one fifth of the elected

lay members, or two persons whichever shall be the greater.

The Annual Parochial Church Meeting (APCM) elects the lay and deanery representatives. Voting at the APCM is

restricted to members on the Electoral Roll. Elected lay representatives serve for a three-year term with one-third

standing down each year and one third being elected or re-elected. Members must stand down after two consecutive

terms and cannot be re-elected for at least one year. Deanery Synod representatives are elected every three years and

remain in office for the whole term, but should any representative relinquish their position a replacement will be

elected at the next APCM for the remainder of the three-year term.

The rector, as chairman, is responsible for the induction of new members explaining their responsibilities and duties,

as well as the administrative procedures and philosophical and theological approach of the PCC. All new members

receive copies of the previous year’s annual report and accounts. The PCC Secretary advises members of their duties

as charity trustees.

At the first meeting of the PCC following the APCM, the lay chair and PCC representatives for the Standing

Committee are appointed. Two members are also appointed to the Friends of St James’ Committee as required by

the Friends’ constitution.

A new PCC Treasurer was appointed in April 2016 (after the previous treasurer resigned in March 2016) together

with a PCC Accountant to manage the quarterly & annual accounts and budgets.

Each year the PCC reviews the risks that the Church faces. To date these have mainly related to the maintenance of

St. James church, which English Heritage have classified as a Grade One listed building, the SBC, which is a Grade

Two listed building, as well as the other buildings managed by the PCC. These risks have been ameliorated by a

regular programme of inspection and maintenance as well as compliance with any recommendations made by the

Diocesan Architect at his Quinquennial inspections. There are also minor areas of risk relating to employing staff,

which have been covered by proper procedures and insurance. For all activities where it is required, Disclosure and

Barring Service (DBS) checks have been carried out on each responsible person and others working with children,

young people and vulnerable adults, in accordance with the recommendations of the House of Bishops and diocesan

policy. The PCC is also aware of the risks associated with making charitable grants and generally controls this by

detailed local knowledge of the beneficiaries. Payments to other charities represent a relatively small part of the

PCC’s annual expenditure.



31st December 2016

4

The PCC operates with a number of sub committees that report to the PCC. These include:

• The Standing Committee is the only committee required by law and has the power to transact the business

of the PCC between its meetings, subject to any directions and limits given by the PCC.

• The Finance Group is chaired by the PCC Accountant and presents reports, procedures and budgets for

PCC approval

• The Premises Group attends to all matters relating to land and buildings including the church, the

churchyard, the church room, the SBC, the Emmaus Centre, car parks, the TCC, and the parish house.

• The Worship Planning Group meet three times a year to plan our corporate worship.

• The Communications Group was set up by the rector in 2015 to look at ways of improving and energizing

communication both inward to the church family and outward to the parish and town as a whole, and further

afield. Other priorities during 2016 distracted from this initiative, which the rector plans to relaunch during

2017.

Two new groups are being set up in 2017 to implement LYCiG, one to pray and the other to act.

Achievements and performance

Worship & Prayer

Total Sunday services 92

Monthly Communion at Premier Court 12

Weddings and blessings 9

Funerals and interments 23

On a usual Sunday attendance adults 112

On a usual Sunday attendance children 15

Electoral roll 256

Further regular worship took place in our 10 homegroups, Little Worship and Messy Church, a Fresh Expression

(FX) of Church.

Other groups include the music fellowship, the flower group and the Trailblazers men’s group.

Regular Home Group leaders meetings have taken place, convened and led by the two Home Group coordinators.

Most church members are now either full members or allocated as associate members to a homegroup. They are

invited to social events and the homegroups keep in touch with them. This maintains contact, aids communication

and pastoral care in a growing church.

Children and Youth ministry

Clare Johnston, appointed April 2013, finished her three-year term with us in 2016. The curate, Ruth Atkinson, now

has oversight of all children’s and young people’s ministry. Emma Nichol has taken over the role of administrative

coordinator for children and youth ministry.

We are working towards a more cohesive model of children’s and youth ministry at St James, and all ministry is now

being held under the umbrella title of “PowerHouse”. The PowerHouse team organise our monthly all-age worship

services.

Messy Church continues once a month, now coordinated by Tricia Cooper. It is open to people of all ages and a new

name is being considered for this FX as its purpose and mission in Thorley unfolds.



31st December 2016

5

Parish Breakfast

The Parish Breakfast, run by the Mothers’ Union, has continued to be popular with 12 breakfasts being enjoyed by

church family members from both congregations.

A Warm Welcome for All

The Greeters team have a pastoral responsibility on a Sunday morning to offer a warm welcome to all who come

through our doors and the Welcoming team offers a listening ear, especially to newcomers.

Pastoral Care and Prayer Ministry

The Pastoral Care team continues to meet every Monday in order to discuss the needs of the parish. The Prayer

Ministry team, now led by Jan Dean, is available for personal prayer after every 10:30 am service.

Use and Development of Buildings

The church building is open seven days a week to the general public as a quiet place for prayer and reflection. The

other buildings are used by a wide variety of people, from Pre-School and Rainbows groups to a senior citizens club

and the Isabel Hospice, as well as by the parish family and charities. The TCC is in almost constant use by various

community groups.

The church room continues to be used as a centre for outreach, with the sale of teas and cakes in the summer to those

visiting the graveyard or to walkers.

The Friends of St James raised funds for new lighting in the church which was installed February 2016. Decorating

of the church was completed in early 2017. Following advice from the diocesan heating engineer, discussions are

now taking place about upgrading the heating. The PCC is very grateful to the ‘Friends’ and all those who support it

for making these projects possible.

Mission and Evangelism

There are several people from St James actively involved as Street Pastors and twelve in Healing on the Streets. We

also have our long-standing commitment as teachers or helpers for Holiday Bible Week. The tradition of serving of

refreshments from the church room on Sunday afternoons was maintained in the summer and the annual Festival of

Flowers & Music was once again an enormous success.

Fairtrade is one of our core values and the shop in the SBC continues to do well. The proceeds go to support Mildmay

Mission that provides quality HIV/AIDS care, treatment, training and education in Uganda.

Shared Ministry and Ecumenical Relationships

The PCC is committed to the very strong Churches Together in Bishop’s Stortford and has three representatives on

the forum plus the Rector.

The Rector attends the monthly ecumenical Bishop’s Stortford Ministers’ Fellowship meeting, monthly Bishop’s

Stortford CofE Clergy lunchtime meeting and the monthly ecumenical ministers’ prayer breakfast. He also attends

the monthly Deanery Chapter meetings, and Deanery Synod meetings.

Four 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. We support both the New Wine Network and the Evangelical Alliance, with

some members attending their conferences.



31st December 2016

6

We also maintain our association with All Nations Christian College and have had a number of students worshipping

with us during 2016.

Our Vision for 2017 and beyond

In 2015 we thought about the key areas in which Christ calls

the Church. Our survey of the whole church family

confirmed that our weakest area is “Adding to our number”,

that is making Christ known and making new disciples.

In response to this, in 2016 we launched Leading Your

Church into Growth to focus on making new disciples.

This will feed into the development of our new 3 year

Mission Action Plan.

Financial review 2016 saw not only an increase in our undesignated unrestricted reserves from £281 at the end of 2015 to just over

£62,000 at the end of 2016 but also a change in the structure of our financial team.

Following the resignation of two PCC Treasurers over the previous year a member of the congregation (Gus Doyle)

volunteered to take on the role from April 2016. However although Gus has worked in a financial environment all

her working life she is not a qualified accountant and has little experience of year end accounts and budgets. We were

delighted to accept the help of Chris Carr who volunteered his services to oversee the budgets, management accounts

and year end accounts. So we have developed a good working team with our Office Manager (Vanessa Challis)

seeing to the book-keeping on Quick Books. Following the APCM in April 2016 we immediately put a stop to all but essential spending and put into place a

purchasing procedure to stop indiscriminate purchases.

This together with very generous donations from the congregation at our giving day in January 2016, which far

exceeded our target and for which we thank God, saw our undesignated unrestricted reserves increase over the year

from £281 to over £62,000.

However there are some non-urgent repairs to our buildings now needing attention and we still have to arrange repairs

to the St Barnabas Centre roof following damage to the roof tiles.

We had to review staff levels during the year and some staff (our cleaner and the caretaker) left our employment at

the end of the year. However, as we get busier with increases in bookings for our premises other arrangements are

being put in place. Our Children's Ministry worker, Clare Johnston, also left in the summer of 2016 at the end of her contract. The

position was not replaced with a paid employee but now relies on volunteers to carry on with this valuable work, and

is overseen by our newly appointed Curate.

2016 saw the lighting in St James the Great Church replaced at a cost of £26,000 including VAT. The Friends of St

James, who raise funds towards repairs and the upkeep of the Church and surrounding churchyard, generously

donated just under £22,000 to cover the net of VAT cost.

2016 saw the winding up of SBC Ltd, our subsidiary trading company, which was established in 2013 to manage the

commercial letting of the St Barnabas Centre for wedding receptions and corporate functions, following complaints

from neighbours of the Church complex. Pre-booked functions were honoured to October 2016 and no further



31st December 2016

7

bookings were accepted, following which. Kate Allen, who was employed by SBC Ltd to manage the bookings, was

made redundant. SBC Limited is now being wound up.

Thorley Parochial Church Council has paid our Parish Share of £92,581 in full to the Diocese over the year. We have

also repaid all loans totalling £15,500 made to the PCC by members of the congregation in relation to a sound system

installed in the St Barnabas Centre.

Reserves

The task of the PCC is to carefully manage the funds that are available to it. Our reserves target is to hold at least 2

months of annual expenditure in reserve in order to maintain the efficient running of the church and maintain our

active mission and ministry, should income be delayed.

Our undesignated unrestricted reserves have increased from £281 at the start of this year to over £62,000 by the year

end. This represents over 3 months of our annual spend, however it is acknowledged that some repairs to our buildings

are now required and this will mostly likely reduce our reserves back down to nearer our target level.

With prayer and God's guidance, the PCC and the congregation look forward to the challenges we will face during

2017.

On behalf of the Parochial Church Council

(Chairman) Chris Orme

(Lay member) John Wrentmore

Date: 27 March 2017



31st December 2016

8

Statement of financial activities

Unrestricted Restricted Total Funds

Funds Funds 2016 2015

Note £ £ £ £

Income and endowments from:

Incoming resources from donors 2(a) 189,063 35,616 224,679 147,767

Other voluntary incoming resources 2(b) 56,679 20,678 77,357 72,883

Income from charitable and ancillary trading: 2(c) 14,315 - 14,315 27,214

Income from investments 2(d) 232 - 232 308

Total income and endowments 260,289 56,294 316,583 248,172

Expenditure on:

Grants 3(a) 500 - 500 500

Activities relating to the work of the church 3(b) 140,111 41,429 181,540 163,803

Fund-raising and publicity 3(c) - 4,335 4,335 7,870

Church management and administration 3(d) 14,058 1,258 15,316 15,001

Staff costs 4 40,287 14,163 54,450 74,956

Total expenditure 194,956 61,185 256,141 262,130

Net gains/(losses) on investments 6 (100) - (100) -

Net income/(expenditure) 65,233 (4,891) 60,342 (13,958)

Transfers between funds - - - -

65,233 (4,891) 60,342 (13,958)

Other recognised gains/(losses):

Gains/(losses) on revaluation of fixed assets 5 - - - 104,941

Net movement in funds 65,233 (4,891) 60,342 90,983

Total funds brought forward at 1 January 2016 2,550,098 13,105 2,563,203 2,472,220

Total funds carried forward at 31 December 2016 2,615,331 8,214 2,623,545 2,563,203



31st December 2016

9

Balance Sheet Note 2016 2015

£ £

Fixed Assets

Tangible fixed assets

Investment: St Barnabas Centre Ltd

5

6

2,578,024

-

2,581,126

100

2,578,024 2,581,226

Current Assets

Debtors 7 12,289 19,989

Cash at bank and in hand 62,265 25,686

74,554 45,675 Liabilities: Amounts Falling Due Within One Year 8 7,783 39,448

Net Current Assets 66,771 6,227

Total Assets Less Current Liabilities 2,644,795 2,587,453 Liabilities: Amounts Falling Due After More Than One Year 9 21,250 24,250

Net Assets 2,623,545 2,563,203

Funds 10 Unrestricted Undesignated 62,614 281 Designated 2,447,776 2,444,876 Revaluation reserve 104,941 104,941

Total Unrestricted 2,615,331 2,550,098 Restricted 8,214 13,105

Total Funds 2,623,545 2,563,203

The financial statements were approved by the Parochial Church Council on 27 March 2017 and signed on its behalf

by:

(Chairman) Chris Orme

(Lay member) John Wrentmore

The notes on pages 10 to 16 form part of these accounts



31st December 2016

10

1 Accounting policies

Thorley PCC is a Parochial Church Council in England. The address of the registered office is given in the charity information

on page 1 of these financial statements.

The charity constitutes a public benefit entity as defined by FRS 102. 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) issued

on 16 July 2014 (as updated through Update Bulletin 1 published on 2 February 2016) , the Financial Reporting Standard

applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted

Practice as it applies from 1 January 2015.

The charity has applied Update Bulletin 1 as published on 2 February 2016 and does not include a cash flow statement on the

grounds that it is applying FRS 102 Section 1A.

The financial statements have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and

Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following

the 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) issued on 16 July

2014 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005

which has since been withdrawn.

The financial statements are prepared on a going concern basis under the historical cost convention, modified to include certain

items at fair value. The financial statements are presented in sterling which is the functional currency of the charity and rounded

to the nearest £1.

The significant accounting policies applied in the preparation of these financial statements are set out below. These policies

have been consistently applied to all years presented unless otherwise stated.

The charity adopted SORP (FRS 102) in the current year and an explanation of how transition to SORP (FRS 102) has affected

the reported financial position and performance is given in note 15.

Going concern

The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist.

The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from

authorising these financial statements. The budgeted income and expenditure is sufficient with the level of reserves for the charity

to be able to continue as a going concern.

Funds

Unrestricted funds are general funds which can be used for PCC ordinary purposes.

Designated funds are unrestricted funds that due to their nature are not readily realisable and cannot therefore be considered to

be general funds available for PCC ordinary purposes. The PCC’s fixed assets are all such designated funds.

Restricted funds represent a) income from trusts or endowments which may be expended only on those restricted objects

provided in the terms of the trust or bequest, and b) donations or grants received for a specific object or invited by the PCC for

a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining

unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately

for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.

Endowment funds are funds, the capital of which must be maintained; only income arising from investment of the endowment

may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established.

The PCC’s only Endowment Fund is the Patten Bequest, held by the St Albans Diocesan Board of Finance and provides an

income to be used for the upkeep of the Church.



31st December 2016

11

Income recognition

Planned giving, collections and donations are recognised when received. Tax refunds are recognised when receivable. Grants

and Legacies are accounted for when the PCC is legally entitled to the amounts due. Dividends are accounted for when receivable,

interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.

Expenditure recognition

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive

obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt

with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross.

Fixed assets

Consecrated and benefice property is not included in the accounts by section 10 of the Charities Act 2011.

Moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for

disposal are inalienable property, listed in the Church’s inventory, which can be inspected (at any reasonable time). For anything

acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial

statements.

Fixtures, fittings and equipment are capitalised at cost. Depreciation is calculated to write off the capitalised cost over an

estimated useful life of 3 years.

The trustees have concluded that all land and buildings are held for the PCC’s use and as such none are investment properties.

Land and buildings are revalued every five years. No depreciation is provided on buildings as the currently estimated residual

value of the properties is not less than their carrying value and the remaining useful life of these assets currently exceeds 50

years, so that any depreciation charges would be immaterial. An impairment review is carried out at each year end and any

resultant loss identified included in expenditure for the year.

Investments

Investments in subsidiaries are measured at cost less impairment.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any

losses arising from impairment are recognised in expenditure.



31st December 2016

12

2 Incoming Resources



£ £ £ £

2(a) Incoming resources from donors:

Planned giving 116,365 - 116,365 91,071

Income tax recoverable 35,913 - 35,913 28,914

CAF Vouchers

Friends of St James contributions to church repair

2,810

-

-

26,979

2,810

26,979

4,310

-

Sundry donations/Stewardship campaign 33,975 8,637 42,612 23,472

189,063 35,616 224,679 147,767

2(b) Other voluntary incoming resources:

Appeals including children’s worker - 5,790 5,790 17,601

Donations for use of Church premises 56,679 - 56,679 51,312

Insurance claims - 14,888 14,888 2,457

Fetes, bazaars, other fund-raising events - - - 1,513

56,679 20,678 77,357 72,883

2(c) Income from charitable and ancillary trading:

Income from Events Venue project 5,659 - 5,659 17,002

Fees 8,656 - 8,656 10,212

14,315 - 14,315 27,214

2(d) Income from Investments:

Bank interest 232 - 232 308

TOTAL INCOMING RESOURCES 260,289 56,294 316,583 248,172



31st December 2016

13

3 Resources Used



£ £ £ £

3(a) Grants

Tithing - - - 500

Outreach 500 - 500 -

500 - 500 500

3(b) Activities directly relating to the work of the Church

Ministry: diocesan quota 92,581 - 92,581 83,402

Clergy expenses 884 - 884 555

Upkeep of Church Services 3,410 - 3,410 3,573

Sunday school, Youth groups & Fellowship groups 315 - 315 1,542

Cost of the music fellowship 113 - 113 214

Rectory and Parish House repairs 767 - 767 1,511

Parish House – loan interest 392 - 392 435

Church running expenses and repairs 7,644 26,541 34,185 5,669

St Barnabas Centre running expenses 23,499 14,888 38,387 54,525

Elmbrook Drive running expenses 174 - 174 -

Emmaus Centre running expenses 3,325 - 3,325 3,573

Thorley Christian Centre running expenses & repairs 6,658 - 6,658 8,804

All buildings – Maintenance and Cleaning (i) 349 - 349 -

(i) Costs now allocated to buildings when possible 140,111 41,429 181,540 163,803

3(c)

Fund-raising and publicity

Events Venue project - - - -

Costs of fetes and other fund-raising events - 4,335 4,335 7,870

- 4,335 4,335 7,870

3(d) Church management and administration

Administration and Office supplies 2,978 1,258 4,236 1,389

Accountancy 3,820 - 3,820 4,800

Photocopier – lease and printing 1,811 - 1,811 3,141

Website maintenance 476 - 476 583

Telephone and Miscellaneous 1,392 - 1,392 1,520

Depreciation 3,581 - 3,581 3,568

14,058 1,258 15,316 15,001

154,669 47,022 201,691 187,174

4 Staff Costs

Wages and salaries 40,287 14,163 54,450 74,956

TOTAL RESOURCES USED 194,956 61,185 256,141 262,130



31st December 2016

14

5 Fixed Assets

Tangible fixed assets Historical Gain on

Cost 2016 2015 Revaluation

Freehold land and property owned by PCC £ £ £ £

The St Barnabas Centre 1,920,000 1,989,927 1,989,927 -

The Emmaus Centre 461,526 478,335 478,335 -

The Thorley Christian Centre (10% PCC interest) 48,000 49,748 49,748 -

7 Elmbrook Drive (15.04% PCC interest) 42,500 58,957 58,957 -

2,576,967 2,576,967 -

Designated Funds 2,576,967 2,576,967

Fixtures, Fittings & Equipment

Cost brought forward 10,703 10,703

Additions 479 -

Cost carried forward 11,182 10,703

Accumulated depreciation brought forward 6,544 2,976

Depreciation charge for the year 3,581 3,568

Accumulated depreciation carried forward 10,125 6,544

Net book value brought forward 4,159 7,727

Net book value carried forward 1,057 4,159

Total fixed assets 2,578,024 2,581,126

The PCC owns two freehold buildings, the St Barnabas Centre and the Emmaus Centre both in Church Lane, Thorley. The

Diocese owns the Thorley Christian Centre, Vicerons Place, Thorley Park, but would give 10% of the net proceeds of any sale

to St James. The Parish House is a residential property owned jointly with the Diocese. The PCC owns 15.04%.

The properties were last revalued at 31 December 2015 and therefore the next valuation will be carried out 31 December 2020

in line with the accounting policy.

6 Investment in St Barnabas Centre Limited

In November 2013 the PCC established a wholly owned trading subsidiary St Barnabas Centre Limited (08788553). This

company was established to carry on the business of commercial letting of the St Barnabas Centre for wedding receptions and

corporate functions. All of SBC’s profits were to be remitted back to the PCC for use in its mission.

As at 31 December 2016 the company has ceased trading and is in the process of being struck off and therefore the investment

has been impaired to a nil value.

During 2016 the company’s accounting reference date was changed to 30 September. As at 30 September 2016 the balance

sheet of the company was as follows:

2016 2015

£ £

Debtors - 4,567

Cash at bank - 1,198

Current Liabilities: Amounts falling due within one year - (18,253)

- (12,488)

Shareholders Equity 100 100

Retained Reserves (100) (12,588)

- (12,488)



31st December 2016

15

During the period ended 30 September 2016 the profit/(loss) of the company was as follows:

9 months to

30/09/16

Year to

31/12/15

£ £

Turnover 57,313 60,537

Expenditure (44,825) (61,288)

Profit / (loss) 12,488 (751)

7 Debtors

2016 2015

£ £

Accounts receivable 2,434 2,289

Income tax recoverable 6,969 6,125

Prepayments and accrued income 2,687 5,075

Funeral fee disbursements 199 -

Amounts due from St Barnabas Centre Ltd - 6,500

12,289 19,989

8 Liabilities: Amounts Falling Due Within One Year

2016 2015 £ £ DBF/Vacancy Liability 1,087 1,456 Deposits held 275 25 Accrued expenses 3,240 3,795 Creditors for goods and services 46 8,062 Amounts due to St Barnabas Centre Ltd - 7,610 Loans from congregation - 15,500 Social security and other taxes 51 - Wedding fee disbursements 84 - Diocesan loan re 7 Elmbrook Drive 3,000 3,000

7,783 39,448

9 Liabilities: Amounts Falling Due After More Than One Year

2016 2015 £ £ Diocesan loan re 7 Elmbrook Drive 21,250 24,250

21,250 24,250



31st December 2016

16

10 Analysis of Net Assets by Fund

Unrestricted

Funds

Designated

Funds

Revaluation

Reserve

Restricted

Funds

Total

£ £ £ £ £

Fixed Assets

Investment in SBC Ltd

1,057

-

2,472,026

-

104,941

-

-

- 2,578,024

-

Net Current Assets 61,557 (3,000) - 8,214 66,771

Long Term Liabilities - (21,250) - - (21,250)

Fund balance 62,614 2,447,776 104,941 8,214 2,623,545

Fund Details - The restricted funds comprise the Churchyard Fund (£1,006), Healing on the Streets (£524), Health and safety

fund (£2,687), Parish events fund (£702), Friends of St James church repair fund (£438), Beverley Cheeseman worship fund

(£352), Barn IT fund (£1,852), Office computer fund (£500), and other sundry donations and collections (£153).

11 Independent Examination Fees

Accountancy expenditure includes £2,640 fees paid to the Independent Examiners for carrying out the Independent Examination.

12 Staff Costs

During the year the charity employed an average of 4 employees (2015 - 5).

No employees received total employee benefits in excess of £60,000 (2015 - Nil).

13 Trustees Remuneration and Expenses

The trustees neither received nor waived any remuneration during the year (2015 - £Nil).

During the year 3 trustees (2015 - 1 trustee) had the following expenses paid for by the charity:

2016 2015

£ £

Travel 412 180

Training 139 -

Internet and communications

Upkeep of services 49

32

147

-

Other costs 4 30

636 357

14 Related Party Disclosures

Trustees (PCC Members) and their close families

During the year the charity repaid loans in the sum of £7,000 to the trustees and their close families (2015 - £7,000 loans

received from trustees and their close families) and the trustees and their close families made donations (inc. Gift Aid reclaimed)

to the charity in the sum of £44,951 (2015 - £45,454).

15 First time adoption of FRS 102 and SORP (FRS 102)

The charity adopted FRS 102 and SORP (FRS 102) for the first time this year.

No changes in accounting policy were required as a result of this change and therefore no values in the financial statements

required restatement.



31st December 2016

17

Independent Examiner's Report to the Trustees of The Parochial Church Council Of St. James The Great

Thorley. I report on the accounts of the charity for the year ended 31 December 2016 which are set out on pages 8 to 16. 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. The charity’s gross income exceeded £250,000 and I am qualified to undertake the examination by being a qualified member of ACCA and ICAEW. 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 Commission 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 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 trustees 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 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. Glenn Armon-Jones Glenn Armon-Jones FCCA ACA Barrow LLP Rae House Dane Street Bishops Stortford Herts CM23 3BT Date: 7 April 2017

Date post:	12-Oct-2020
Category:	Documents
Upload:	others
View:	1 times
Download:	0 times

THE PAROCHIAL CHURCH COUNCIL - St James Thorley · The PCC of St James the Great is a registered...

Documents