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2021-12-31-accounts

Great Baddow Team Ministry Diocese of Chelmsford

Parish of Great Baddow, St. Mary the Virgin

Annual Report & Financial Statements of the Parochial Church Council

for the year ended 31 December 2021

Team Rector :

Revd. Canon Tim Ball (from March 2021) 62 Longmead Avenue Great Baddow CM2 7EY Team Vicar: Revd. Phil Sheldrake 124 Beehive Lane Great Baddow CM2 9SH Team Vicar: Revd. Phil Sheldrake 124 Beehive Lane Great Baddow CM2 9SH

Team Curate:

Revd. Funmilayo Vaughan The Rectory 12 Church Street Great Baddow CM2 7HZ

Associate Minister:

Revd. Canon Dr Roger Matthews 42 Riffhams Drive Great Baddow CM2 7DD

Banker :

National Westminster Bank 4-5 High Street Chelmsford CM1 1FZ

Insurer:

Ecclesiastical Ins. Group Brunswick Road, Gloucester GL1 1JZ

Legal Advisor:

Winckworth Sherwood 5 Montagu Close Southwark SE1 9BB

Architect:

Inkpen Downie Architecture & Design Ltd 2 Balkerne House, Balkerne Passage, Colchester, CO1 1PA

Independent Examiner:

Edmund Carr LLP 146 New London Road Chelmsford CM2 0AW

Address: Church Office, Church Path, High Street, Great Baddow CM2 7HN. Tel: 01245 477501 Email: stmaryschurchoffice@gmail.com

Registered Charity: No. 1127835

Annual Report of the Parochial Church Council of the Parish of Great Baddow, St. Mary the Virgin.

The Parochial Church Council (PCC) present their report together with the financial statements for the year ended 31 December 2021. These have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the charity’s governing document, the Charities Act 2011 and 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 published on 16 July 2014.

Structure, Governance and Management

The current Great Baddow Team Ministry is formed from the Pastoral Scheme made effective from the 1st January 1988, made under the Pastoral Measure 1983, and the Pastoral Scheme made effective the 1[st] January 2016 under the Mission and Pastoral Measure 2011. The new scheme comprises three parishes, Great Baddow, St. Mary the Virgin, Great Baddow, St. Pauls, and Great Baddow, Meadgate. This report relates to Great Baddow, St. Mary the Virgin.

The PCC is appointed as set out in the Church Representation Rules. At St. Mary’s the membership of the PCC consists of the incumbent (Team Rector), the licensed clergy of the Great Baddow Team Ministry, churchwardens, ex-officio members, deanery synod representatives and members elected by those members of the congregation who are on the electoral roll. All those who are members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC. The Churchwardens are elected at the Annual Meeting of Parishioners and most members of the PCC are elected at the Annual Parochial Church Meeting. There are 14 elected lay members of the PCC including 2 Churchwardens and 2 Deputy Churchwardens (the Church Administrator is also in attendance) and there are 4 members elected to the Deanery Synod and 2 to Diocesan Synod. The Meeting of Parishioners and Annual Parochial Church Meeting were held on 18 April 2021. The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including decisions on how the funds of the PCC are to be spent.

Aims and Purposes

The PCC has a responsibility to co-operate with the Team Rector and the Team Vicars in promoting within the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. Its primary object is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. In addition to the church building, it has maintenance responsibilities for St Mary’s Church Centre (near The Chase), Bell Street Hall in Bell Street and St Mary’s Office in Church Path. The PCC is registered with the Charity Commission at reference 1127835.

Objectives and Activities

The PCC is committed to enabling as many people as possible to worship at St. Mary’s and to become part of the church family. The updated mission statement for St. Mary’s, agreed at the July PCC, that guides the work of the PCC is as follows:

A community worshipping God, following Jesus, sharing his transforming love through the Holy Spirit.

VALUES

To be a welcoming and worshipping community

Where all are nurtured and encouraged to grow in their faith

The manner in which the Church has sought to fulfil these objectives and activities has been affected by the COVID 19 pandemic, with the Church building either being closed or access greatly restricted. During the year Church services and many activities have continued online.

The members of the PCC (Trustees) confirm that they have had due regard to Charity Commission guidance on public benefit when carrying out their duties during the year.

PCC Meetings

The PCC met every other month throughout the year and the Standing Committee of the PCC met in alternate months to the PCC. Andrew Beales and Richard Cilvert were appointed Church Wardens and Elaine Fisher and Graham Heath Deputy Church Wardens at the Annual Parochial Church Meeting. The Reverend Canon Tim Ball was appointed Priest in Charge (Rector designate) 21[st] March 2021. The Covid 19 Pandemic meant there were continued restrictions from time to time throughout the year and this has continued to affect attendances and income for the Church.

Promoting the mission of the church and serving the wider community included consideration of the following matters:

Strategic: The formation of a Mission and Ministry Unit; with churches of the Benefice and the within the Deanery has made slow formal progress due to the covid restrictions however informal cooperation with the churches concerned has made progress in terms of a regular joint children and youth service one a month, a quarterly service for families, and sharing in the delivery of the ‘Living in Love and faith’ material.

Finance: Annual reports and accounts for 2021 and budget for 2022; approval of Church Mission Grants 2020; resignation of Finance committee chairperson, continuing impact of COVID 19 on finances, Stewardship campaign during lent 2021.

Buildings & Maintenance : Church vestry floor deterioration addressed. quinquennial report; Church kitchen repairs.

Policy: Safeguarding policy and training; Annual Health and Safety review

The PCC also received regular reports and recommendations from the various sub-committees, officers and groups of the committee including: Standing Committee, Maintenance Committee, Playschool Committee, Ministry Leadership Team, Mission Committee, Finance Committee, Safeguarding Team, Deanery Synod meetings, Electoral Roll and Health & Safety.

Each PCC meeting concludes with a time of sharing ‘Good News’ stories before a time of prayer and during 2021 these included: the encouraging numbers attending various Christmas services, the new carpet in the church Centre, the provision and quality of the on-line services,

PCC Membership

During the year and at the date of signature the following served on the PCC:

PIC (Team Rector designate): Revd. Canon Timothy Ball Chairman (from 21[st] March 2021) Team Vicar: Revd. Philip Sheldrake Team Curate: Revd. Funmilayo Vaughan (from September 2021) Associate Minister: Revd Canon Dr Roger Matthews

Parish Churchwardens: Richard Cilvert Chairman(until 21stMarch 2021)
Andrew Beales
Deputy Churchwardens: Graham Heath
Elaine Fisher
Lay representatives on Diocesan Synod:
Canon Harry Marsh (until July 2021)
Andrew Podd
Gill Ball (from July 2021)
Lay representatives on Deanery Synod:
Gill Ball
Glenn Finch (Until 31stDecember 2021)
Roy Bartholomew
Anna Cann
Elected Lay members: John Ansell Treasurer
Claire Fuller (from Apr 2021)
Tim Bishop
Neil McLean
Leila Francis (from Apr 2021)
Cliff Pountney (from Apr 2021)
Wendy Ross Secretary
Caroline Saunders
Steve Scott (Until Apr 2021)
Anne Heath (until Apr 2021)
Pennie Johnson (Until June 2021)
In attendance: Jacqui Pavey

Financial Review

The principles of stewardship and commitment to giving continue to be promoted across the congregations and the levels of giving achieved by church members reflect a degree of sacrificial giving by many individuals. A stewardship campaign entitled ‘Generous God, Generous disciples’ was run as a lent course during 2021 and this had some benefit in raising short term donations to the funds of the church. A detailed report of the finances is set out in the annual accounts for 2021. During the year the parish supported the work of the diocese by paying in full its Parish Share of £114,960 out of a Team Ministry total of £223,397 after a 1% discount. (Note: The 2022 figure is £107,148 out of a Team Ministry total of £207,971 after 1% discount. The reduction in share allocation due to the clergy allocation in the benefice being reduced from 3 to 2.5 for 2022). The PCC has adopted a Financial Control Policy and the internal financial controls will be reviewed annually by the Finance and Giving Committee on behalf of the PCC.

Reserves Policy

Offerings are normally received in an even flow, such that expenditure can be met as it arises, but due to the impact of COVID 19 and the need to close the church, there was a reduced deficit in 2021 of £9,034 (2020 deficit £26,868) on general unrestricted funds and an overall deficit across all funds of £3,377 (2020 deficit £41,098). This deficit will be met from Reserves. In addition to our regular income

above it is the policy of this Church to hold financial reserves the equivalent of three months general running costs, including salaries. It is also our policy to hold an amount for likely building repairs in the near future in a separate Fabric Fund. We may also hold monies at appropriate times for known future expenditure or donations as agreed by the PCC.

At 31st December 2021 funds totalled £246,203 of which £76,825 were general unrestricted funds. The PCC held £46,286 in reserve for general expenditure including the parish share, missionary giving and office salaries. In addition to this, £30,539 is currently held in reserve in the general unrestricted fund to cover repair work to the church buildings and towards possible future development, the funds to be used as agreed by the PCC.

The Playschool reserves policy is to retain at least three months expenditure to cover salary costs and the additional funds are held for the cost of future developments (including e.g. new furniture), fluctuations in future numbers and increased staff costs due to minimum wage and pension rule changes.

This policy, and the amount held in Reserve, will be reviewed and agreed by the PCC annually.

Risk Management

The PCC seeks to ensure that risks are identified and managed through annual review of insurance, health and safety, buildings repair and maintenance, safeguarding and regular reporting to the PCC. The PCC implemented a data protection process to ensure compliance with GDPR requirements. The PCC continue to implement the new National Safeguarding Policy of the Church of England,

This report was approved by the Parochial Church Council of Great Baddow, St. Mary at its meeting on 14th March 2022 and signed on its behalf by:

Tim Ball

Chairman

Independent Examiner's Report to the Trustees of The Parochial Church Council of the Ecclesiastical Parish of Great Baddow, St Mary The Virgin

I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2021 which comprise the statement of financial activities, the balance sheet and related notes.

Responsibilities and basis of report

As the charity’s trustees 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 charity’s accounts carried out under section 145 of the Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner's statement

Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.

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 charity 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.

C Barker

Colin Barker FCA

Edmund Carr LLP 146 New London Road Chelmsford CM2 0AW

25 April 2022

Great Baddow, St Mary the Virgin PCC

STATEMENT OF FINANCIAL ACTIVITIES for the year ended 31 December 2021

Note
INCOME from
Donations and legacies
2a
Fundraising activities
2b
Investments
2c
Church activities
2d
Other
2e
TOTAL INCOME
EXPENDITURE on
Church activities
3a
Fundraising costs
3b
Support costs
3c
TOTAL EXPENDITURE
Net gains on investments
NET INCOME/(EXPENDITURE)
Transfers between funds
13
NET MOVEMENT IN FUNDS
RECONCILIATION OF FUNDS
Total funds brought forward
TOTAL FUNDS CARRIED FORWARD		 UNRESTRICTED
FUNDS
160,276
1,211
46
17,190
416
179,139
183,464
-
1,680
185,144
-
(6,005)
(1,663)
(7,668)
118,051
110,383		 RESTRICTED
ENDOWMENT
FUNDS
FUND
1,002
-
3,995
-
28
208
133,961
-
-
-
138,986
208
137,101
-
472
-
-
-
137,573
-
-
1,007
1,413
1,215
1,871
(208)
3,284
1,007
124,465
7,064
127,749
8,071		 TOTAL FUNDS
2021
2020
161,278
148,356
5,206
7,018
282
946
151,151
123,221
416
2,957
318,333
282,498
320,565
322,283
472
104
1,680
1,620
322,717
324,007
1,007
411
(3,377)
(41,098)
-
-
(3,377)
(41,098)
249,580
290,678
246,203
249,580

Great Baddow, St Mary the Virgin PCC

Balance Sheet at 31 December 2021

UNRESTRICTED
RESTRICTED		 ENDOWMENT ENDOWMENT TOTAL FUNDS TOTAL FUNDS
FUNDS
FUNDS		 FUND 2021 2020
Note
FIXED ASSETS
Tangible fixed assets 4a 6,000
-		 - 6,000 6,000
Investment assets 4b -
-		 8,071 8,071 7,064
6,000
-		 8,071 14,071 13,064
CURRENT ASSETS
Debtors 7 4,070
292		 - 4,362 5,277
Short term deposits 45,476
115,304		 - 160,780 222,540
Cash at bank / in hand 58,634
15,112		 - 73,746 28,440
108,180
130,708		 - 238,888 256,257
LIABILITIES:
Creditors falling due within one year 8 (3,797)
(2,959)		 - (6,756) (19,741)
NET CURRENT ASSETS 104,383
127,749		 - 232,132 236,516
NET ASSETS 110,383
127,749		 8,071 246,203 249,580
FUNDS
Unrestricted 2/10 110,383
-		 - 110,383 118,051
Restricted 2/9 -
127,749		 - 127,749 124,465
Endowment 4b -
-		 8,071 8,071 7,064
TOTAL FUNDS 110,383
127,749		 8,071 246,203 249,580
Approved by the Parochial Church Council at a meeting on 14 March 2022 and signed on its behalf by: Approved by the Parochial Church Council at a meeting on 14 March 2022 and signed on its behalf by:
T Ball TJ Ansell
…............................................ …............................................
Tim Ball John Ansell
Chairman Treasurer

1. ACCOUNTING POLICIES

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with the Statement of Recommended Practice applicable to charities preparing their accounts under the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) issued on 16 July 2014) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019. They have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value.

The accounts (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 Accounting and Reporting by 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 presentation currency is £ sterling.

The PCC meets the definition of a public benefit entity under FRS102.

Fixed assets

Church Hall buildings

Both the Church Centre and the Bell Street Hall are valued in the balance sheet at cost.

Investments

Investments are valued at their market value at 31st December.

Consecrated property and movable church furnishings

Consecrated and benefice property is excluded from the financial statements by s.10(2)(a) of the Charities Act 2011.

Movable church furnishings held by the Rector and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church’s’ inventory (which can be inspected at any reasonable time on appointment). For inalienable property acquired prior to 2001 there is insufficient cost information available and therefore such assets are not valued in these accounts. Any items acquired since 1st January 2001 have been capitalised and depreciated in the accounts over their currently anticipated useful economic life (initially over 20 years) on a straight-line basis.

All expenditure incurred in the year on consecrated or benefice buildings, any individual items under £2,000 or the cost of repairs to movable church furnishings acquired before 1 January 2001 is written off.

Other fixtures, fittings and equipment

Equipment used within the church premises is depreciated on a straight line basis over 4 years. Individual items with a purchase price of £2,000 or less are written off when the asset is acquired.

Current assets

Amounts owing to the PCC at 31st December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible. Short-term deposits include cash held on deposit either with the Central Board of Finance or at the bank.

Current liabilities

Creditors are shown at their settlement amount.

Funds

General funds are those which are not subject to any restrictions regarding their use and are available for the PCC’s general purposes. Funds designated for a particular use by the PCC itself are also unrestricted. Restricted funds are those which must be spent on restricted purposes and details of the funds & their restrictions are in Note 9. Endowment funds , where the capital must be retained, are set out in Note 4b.

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financial statements of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members. They do not include certain minor funds each amounting to less than £350.

Income

Voluntary income and capital sources

Collections are recognised when received by or on behalf of the PCC.

Planned giving receivable under Gift Aid is recognised when received. Tax recoverable on Gift Aid donations is recognised when the donation is recognised.

Grants and legacies are accounted for when the PCC is notified of its legal entitlement, its ultimate receipt is reasonably certain and the amount due is quantifiable.

Funds raised by fund raising events are accounted for gross. Sale of books and magazines from the church bookstall are accounted for gross.

Rental income from the letting of property

This is recognised when the rental is due.

Income from investments

Dividends and interest are accounted for when receivable.

Gains and losses on investments

Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on revaluation of investments at 31st December.

Expenditure

Grants

Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.

Church Activities

The diocesan parish share is accounted for when due. Any amount unpaid at 31st December is provided for in these financial statements as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.

Great Baddow, St Mary the Virgin PCC

Note
2
INCOME from
2a
Donations and legacies
Planned giving
Gift aid donations
Gift Aid recoverable
Other donations
Open-plate collections
Sundry Donations
Grants
Legacies(see Note 14)
2b
Fundraising activities
Fund-raising events
Use of church halls - non-church purposes
2c
Investment income
Interest and dividends
2d
Income from church activities
Bookstall
Use of church & church halls - church purposes
Fees (weddings, funerals etc)
Outreach activities
2e
Other income
Sundries
TOTAL INCOME
TOTAL EXPENDITURE
Net gains on investments
NET INCOME/(EXPENDITURE)
TRANSFERS- provisions for future
- see note 13
- see note 13
- see note 13
- see note 13
NET MOVEMENT IN FUNDS
Funds brought forward
Funds carried forward		 General
Fund
Fabric
Other
Fund
Funds
note 10
106,585
-
-
28,012
-
-
15,682
-
-
3,535
-
-
6,021
141
.
300
-
-
-
-
-
160,135
141
-
311
-
-
900
-
-
1,211
-
-
29
15
2
-
-
390
-
-
16,800
-
-
-
-
-
17,190
-
-
416
-
-
178,981
156
2
185,144
-
-
-
-
-
(6,163)
156
2
208
-
(2,871)
-
-
-
1,000
-
-
-
-
(9,034)
1,364
2
85,859
28,402
3,790
76,825
29,766
3,792
UNRESTRICTED
Designated		 RESTRICTED FUNDS
Play
Toddler
Coffee
Café
Mid-
Bells
Audio
Lands
school
Group
Pot
Club
Africa
repair
Visual
Charity
Concern
systems
-
-
-
-
1,002
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
1,002
-
-
-
1,512
-
-
-
2,483
-
-
-
-
-
-
-
-
-
-
-
1,512
-
-
-
2,483
-
-
-
26
2
-
-
-
-
-
208
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
133,046
560
355
-
-
-
-
-
133,046
560
355
-
-
-
-
-
-
-
-
-
-
-
-
-
134,584
562
355
-
3,485
-
-
208
132,826
470
291
-
3,986
-
-
-
-
-
-
-
-
-
-
1,007
1,758
92
64
-
(501)
-
-
1,215
-
-
-
-
-
-
-
(208)
-
-
-
-
2,871
-
-
-
(1,000)
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
758
92
64
-
2,370
-
-
1,007
115,711
3,343
1,875
711
2,194
479
152
7,064
116,469
3,435
1,939
711
4,564
479
152
8,071
ENDOWMENT		 2021
107,587
28,012
15,682
3,535
6,162
300
-
161,278
4,306
900
5,206
282
-
390
16,800
133,961
151,151
416
318,333
322,717
1,007
(3,377)
-
-
-
-
(3,377)
249,580
246,203
TOTAL		 2020
98,049
26,140
16,884
3,771
3,212
300
-
148,356
5,926
1,092
7,018
946
36
-
1,046
122,139
123,221
2,957
282,498
324,007
411
(41,098)
-
-
-
-
(41,098)
290,678
249,580
FUNDS

Great Baddow, St Mary the Virgin PCC

Notes to the financial statements

for the year ended 31 December 2021 (cont'd)

Note
3
EXPENDITURE on
3a
Church activities
Missionary & charitable giving:(see Note 11)
Church overseas
- missionary societies
- relief & development agencies
Home missions & other societies
Secular charities
Ministry: Parish Share
Clergy expenses
Rector's Personal Assistant
Church running costs
Church maintenance
Upkeep of services
Church administration
Children's and Youth work
Other Training & Mission
Bookstall
Church Halls' running costs
Outreach Groups
Rectory Maintenance
Donation to Meadgate
Wedding and Funeral Expenditure
3b
Fundraising costs
Offering envelopes
Sundry fund-raising
3c
Support costs
Independent Examiner's fee
TOTAL EXPENDITURE		 UNRESTRICTED
General
Fund
Fabric
Other
Fund
Funds
(note 10)
4,906
-
-
2,695
-
-
8,601
-
-
111
-
-
16,313
-
-
114,960
-
-
654
-
-
4,490
-
-
5,461
-
-
786
-
-
4,615
-
-
17,986
-
-
228
-
-
134
-
-
-
-
3,151
134
-
-
544
-
-
-
-
-
14,008
-
-
183,464
-
-
-
-
-
-
-
-
-
-
-
1,680
-
-
1,680
-
-
185,144
-
-
Designated		 RESTRICTED FUNDS
Mid -
Audio
Play
Toddler
Coffee
Café
Africa
Bells
Visual
school
Group
Pot
Club
Concern
Repair
systems
-
-
-
-
-
-
-
-
-
-
-
3,986
-
-
-
-
-
-
-
-
-
-
-
60
-
-
-
-
-
-
60
-
3,986
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
126,616
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
5,738
-
200
-
-
-
-
-
470
31
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
132,354
470
291
-
3,986
-
-
-
-
-
-
-
-
-
472
-
-
-
-
-
-
472
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
132,826
470
291
-
3,986
-
-		 TOTAL FUNDS
2021
2020
4,906
6,150
6,681
6,874
8,601
8,427
171
60
20,359
21,511
114,960
115,330
654
299
4,490
3,859
5,461
7,356
786
6,175
4,615
11,337
17,986
13,615
126,844
116,256
134
615
-
-
9,089
25,724
635
206
544
-
-
-
14,008
-
320,565
322,283
-
104
472
-
472
104
1,680
1,620
1,680
1,620
322,717
324,007		 TOTAL FUNDS
2021
2020
4,906
6,150
6,681
6,874
8,601
8,427
171
60
20,359
21,511
114,960
115,330
654
299
4,490
3,859
5,461
7,356
786
6,175
4,615
11,337
17,986
13,615
126,844
116,256
134
615
-
-
9,089
25,724
635
206
544
-
-
-
14,008
-
320,565
322,283
-
104
472
-
472
104
1,680
1,620
1,680
1,620
322,717
324,007
6,150
6,874
8,427
60
21,511
115,330
299
3,859
7,356
6,175
11,337
13,615
116,256
615
-
25,724
206
-
-
-
322,283
104
-
104
1,620
1,620
324,007

Great Baddow, St Mary the Virgin PCC

Notes to the financial statements

for the year ended 31 December 2021 (cont'd)

FIXED ASSETS

ote Freehold land
4a Tangible fixed assets & buildings
St Mary's Church
Cost At 1. 1. 2021 6,000 This consecrated building is not owned by the PCC so it is not included in these accounts.
Its insurance value (current loss limit) in 2021 was £11,820,000 plus £2,960,000 for the Church Office.
At 31. 12. 2021 6,000
Depreciation At 1. 1. 2021 - The following properties are owned and both are used for church purposes:-
St Mary's Church Centre
At 31. 12. 2021 - Original cost in 1967 £5,500 (Insurance value (Current Loss Limit) £5,910,000)
Net book value At 31. 12. 2021
At 1. 1. 2021		 6,000
6,000		 Bell Street Hall
Original cost in 1955 £500 (Insurance value (Current Loss Limit) £2,960,000)

Note

Endowment fund:

The Great Baddow Church Lands Charity funds are invested with the Charities Official Investment Fund. Their market value is £8,071 (2020 £7,064) Whilst the capital must be held as permanent endowment, the annual income can be used for any expenses related to church repairs.

5
STAFF COSTS
Wages and salaries
Social security costs
Pension Contributions		 2021
126,620
1,494
2,168
130,282		 2020
121,329
1,334
2,384
125,047

St. Mary's Church employed on a part-time basis an Office Administrator/Rector's Secretary, a Church/Bell Street Hall/Office cleaner and Playschool staff. The average number of employees on a headcount basis in the year was 17 (2020: 17) and on a full-time equivalent basis - 4.74 (2020: 4.74 ).

6 PAYMENTS TO TRUSTEES

In addition to reimbursement of expenses to Revd. S. Finch (see Note 3a - clergy expenses) £107 was paid to John Ansell and £24 was paid to Tim Bishop for operating the sound desk at weddings and funerals. No other remuneration was paid to the other Trustees by the charity during the year (2020: total paid -£1,779). £500 was paid to Olivia Podd who is a relay worker with UCCF (Universities and Colleges Christian Fellowship) whose father Andrew Podd is a Lay Representative on the Diocesan Synod and an ex-officio member of the P C C.

7
DEBTORS
Gift Aid recoverable
Other debtors
8
CREDITORS - due within 1 Year
For goods / services
Prepayment of fees		 2021
2,127
2,235
4,362
4,189
2,567
6,756		 2020
2,290
2,987
5,277
[Unrestricted £4,070 (2020 - £4,535) and Playschool £292 (2020 - £742)]
5,670
14,071
19,741
[Unrestricted £3,798 (2020 - £5,200) and Playschool £2,958 (2020 - £14,541)]

Notes to the financial statements

for the year ended 31 December 2021 (cont'd)

Great Baddow, St Mary the Virgin PCC

Note

9 RESTRICTED FUNDS

The Playschool , Toddler Group and Tiny Church cater for young children. Coffee Pot is a drop-in centre open to all on Wednesday mornings. Mid-Africa Concern gathers together goods for sending via parcels and containers to East Africa, primarily to schools and hospitals. The Audio/Visual Systems Fund comprises donations to cover repairs and additions to the systems in church. The Bells Repair Fund holds money which the bellringers have set aside for bells maintenance from their wedding fees. However due to the coronavirus outbreak these activities were suspended on the 22nd March 2020 and during 2021 have only operated when coronavirus restriction have been relaxed.

10 UNRESTRICTED FUNDS (Designated by PCC)

(These monies can be transferred to the PCC's general funds at any time should the PCC so desire.)

----- Start of picture text -----
Ordination & TOTAL
other training
Brought forward 3,790 3,790
Donation - -
Bookstall sales - -
Cost of bookstall sales - -
Donation to Church from sales - -
Interest 2 2
Carried forward 3,792 3,792
----- End of picture text -----

12 INDEPENDENT EXAMINER

The accounts include Independent Examiner's fees of £1,680 (2020 - £1,620)

13 TRANSFERS - other than for use of Halls.

The provision was:; £1,000 from Playschool to Fabric Fund for future repairs on Church Centre. £208 income of the Church Lands Charity was passed to the Fabric Fund for church repairs. £2,871 was transferred to Mid Africa Concern to help with their work, .

14 LEGACIES

£114,612 was received from the Jim Hymas unrestricted legacy up to 2009.

In 2015 unrestricted legacies of £100,250 were received. In 2019 £25,000 was given to Meadgate Church to assist them with the purchase of 'The Orchard's' leaving £75,250. In 2020 due to the coronavirus the Church has a deficit of £26,868 reducing the balance to £48,382. In 2021 this again resulted in the church having a deficit of £9,034 further reducing the Balance to £39,348

11 MISSIONARY & CHARITABLE GIVING

Overseas Missions
Church Mission Society (CMS)
Church Mission Society (Kylie Bahadur)
Langham Partnership (East Africa)
Overseas Relief
Bishop's Lent Appeal (Kenya support)
Mid-Africa Concern (MAC)
TEAR Fund
Home Missions & Societies
Chelmsford & District Evangelical Fellowship
CHESS Homeless
Children's Society
Church Pastoral Aid Society (CPAS)
CPAS (Falcon Camps)
Gifts to parishioners - funded by Great Baddow Charities
Prison Fellowship
Scripture Union (SU)
SU (West Runton Camps)
Foodbank
Secular Charities
Earl Haig Fund (Remembrance Poppy Fund)
British Legion
Marie Curie		 Church
Funds
1,276
2,650
880
4,806
200
1,350
1,804
3,354
1,020
1,050
880
1,364
550
300
880
550
550
600
7,744
111
30
30
16,075		 Donations
+ Gift Aid
100
-
-
100
463
2,636
228
3,327
-
200
417
-
-
-
100
-
-
140
857
-
-
-
4,284		 Total
1,376
2,650
880
4,906
663
3,986
2,032
6,681
1,020
1,250
1,297
1,364
550
300
980
550
550
740
8,601
111
30
30
20,359