| Page | ||||
|---|---|---|---|---|
| Reference and administrative | details ofthe Charity, its Members | and advisers | 1-2 | |
| Annual report |
3-12 | |||
| Members' responsibilities |
statement | 13 | ||
| Independent examiner's |
report | |||
| Statement offinancial activities |
15 | |||
| Balance sheet | 16 | |||
| Statement ofcash flows | 17 | |||
| Notes to the financial statements | 18-38 |
| Members | of the | PCC | are ex officio, elected | by the Annual Parochial |
by the Annual Parochial |
Church | Meeting | (APCM), or co-opted | by |
|---|---|---|---|---|---|---|---|---|---|
| decision ofthe PCC. During the year, the following served as members |
ofthe | PCC: | |||||||
| Incumbent: | Revd Will Hunter Smart | (Chairman) | |||||||
| St Nicolas' Ordained | &Licensed Staff: | Revd Joy Mawdesley | (Associate | Rector) | |||||
| Revd Janice Macdonald | (Associate Minister) | ||||||||
| Revd Jackie Fountain | (Curate) | ||||||||
| Churchwardens: | Tania Wolak | ||||||||
| Richard Coward | |||||||||
| Treasurer: | James Lancaster | ||||||||
| Secretary: | Chris Philip | ||||||||
| Member ofthe General Synod | Graham Caskie (retired July 2021) | ||||||||
| Revd Joy Mawdesley | (elected October 2021) | ||||||||
| Representatives | on the Deanery Synod | ||||||||
| (All elected until | 2023) | Mark Knight | |||||||
| Helen Dean | |||||||||
| Chris Davis | |||||||||
| Chris Philip | |||||||||
| Samantha Mullender |
|||||||||
| Philip Davis (PCC Lay | Vice Chair) | ||||||||
| Elected Members (12) | |||||||||
| Elected until 2022 | Jonathan South |
||||||||
| Rebecca Bird | |||||||||
| Nigel Freeman | |||||||||
| Elected until 2023 | James Lancaster (Treasurer) | ||||||||
| Vivien Staunton | |||||||||
| Sharon Coward | |||||||||
| Elected until 2024 | Dawn Aldridge | ||||||||
| Andy Laidler | |||||||||
| Peter Bradley | |||||||||
| Joanna Lazarus | |||||||||
| Tristan Device | |||||||||
| Suzanne Lees |
| FOR T | HE YEA | R ENDED 31 DE | CEMBER 2021 | |||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Note | 2021 6 |
2021f | 2021f | 2020 | ||
| Income from: | ||||||
| Donations and legacies |
372,635 | 41,770 | 414,405 | 415,740 | ||
| Charitable activities |
19,08'I | 13,395 | 32,476 | 19,365 | ||
| Other trading activities |
29,172 | 801 | 29,973 | 16,940 | ||
| Investments | 2,191 | 2,191 | 3,950 | |||
| Other income | 1,630 | 1,630 | 3,038 | |||
| Total income | 423,079 | 57,596 | 480,675 | 459,033 | ||
| Expenditure on: |
||||||
| Raising funds | 9 | 8,986 | 13 | 8,999 | 8,271 | |
| Chaditable activities |
10 | 380,859 | 62,096 | 442,955 | 455,056 | |
| Total expenditure | 389,845 | 62,109 | 451,954 | 463,327 | ||
| Net income/(expenditure) | before net | |||||
| gains on investments | 33,234 | (4,5'l3) | 28,721 | (4,294) | ||
| Net gains on investments | 177 | |||||
| Net incomei(expenditure) | 33,234 | (4,513) | 28,721 | (4,117) | ||
| Net movement in funds |
33,234 | (4,513) | 28,721 | (4,117) | ||
| Reconciliation offunds: |
||||||
| Total funds brought forward |
471,964 | 446,904 | 918,868 | 922,985 | ||
| Net movement in funds |
33,234 | (4,513) | 28,721 | (4,117) | ||
| Total funds carried forward | 505,198 | 442,391 | 947,589 | 918,868 |
| FOR TH | E | YEAR ENDED 31 DECEMB | ER 2021 | |||
|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||
| Note | 6 | 6 | ||||
| Cash flows from operating | activities | |||||
| Net cash (used in)/provided | by operating | activities | 24 | 54,771 | (1,289) | |
| Cash flows from investing | activities | |||||
| Interest | 2,191 | 3,950 | ||||
| Purchase oftangible fixed assets |
(5,423) | |||||
| Proceeds from sale of investments | 6,561 | |||||
| Net cash (used in)/provided | by investing | activities | (3,232) | 10,511 | ||
| Change in cash and cash |
equivalents | in | the year | 51,539 | 9,222 | |
| Cash and cash equivalents | at the beginning | ofthe year | 429,704 | 420,482 | ||
| Cash and cash equivalents | at the end | of | the year | 25 | 481,243 | 429,704 |
| The notes on pages 18to 38form part ofthese financial statements |
| Unrestricted | Restricted | Total | Total | |
|---|---|---|---|---|
| funds | funds | funds | funds | |
| 2021 | 2021 | 2021 | 2020 | |
| 6 | 6 | E | 6 | |
| Stewardship | 288,667 | 288,667 | 275,923 | |
| Legacies | 500 | 500 | ||
| Offertories | 1,521 | 1,521 | 2,556 | |
| Income Tax recoverable | 68,704 | 518 | 69,222 | 67,561 |
| Donations | 13,243 | 41,252 | 54,495 | 69,700 |
| 372,635 | 41,770 | 414,405 | 415,740 | |
| Total 2020 | 370,265 | 45,475 | 415,740 |
| Unrestricted | Restricted | Total | Total | |||
|---|---|---|---|---|---|---|
| funds | funds | funds | funds | |||
| 2021 | 2021 | 2021 | 2020 | |||
| 6 | 8 | 6 | 8 | |||
| Church | family events | 13,743 | 13,743 | |||
| Income | from youth work and activities | 29 | 29 | 469 | ||
| Alpha | 50 | |||||
| Town Team | 707 | 707 | 15 | |||
| Weddings | and funerals | 5,161 | 5,161 | 6,089 | ||
| Discipleship | 77 | |||||
| PRS | 148 | 148 | 370 | |||
| St Nic's | Kids | 283 | ||||
| CAP DCM | 12,000 | 'I2,000 | 11,600 | |||
| Hidden | Treasures | 688 | 688 | 412 | ||
| 19,081 | 13,395 | 32,476 | 19,365 | |||
| Total 2020 | 7,338 | 12,027 | 19,365 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2021 5 |
2021f | 2021 6 |
2020f | ||
| Hall lettings | 21,833 | 21,833 | 6,893 | ||
| Braunfels | walk rent | 5,187 | |||
| Newbury | Spring Festival | 6,089 | 6,089 | ||
| Bellringers | 47 | 47 | 189 | ||
| Women's | events | 754 | 754 | 665 | |
| Other | 1,250 | 1,250 | 4,006 | ||
| 29,172 | 801 | 29,973 | 16,940 | ||
| Total 2020 | 16,086 | 854 | 16,940 |
| Unrestricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021 | 2021 | 2020 | ||
| 6 | E | 6 | ||
| Interest received | 2,191 | 2,191 | 3,950 | |
| Total 2020 | 3,950 | 3,950 | ||
| In 2020 all ofthe income was to unrestricted | funds, |
| Restricted | Total | Total | ||
|---|---|---|---|---|
| funds | funds | funds | ||
| 2021 | 2021 | 2020 | ||
| E | 6 | 6 | ||
| Government | grants | 1,630 | 1,630 | 3,038 |
| Total 2020 | 3,038 | 3,038 | ||
| In 2020 all ofthe income was to restricted funds. |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2021f | 2021 6 |
2021 E |
2020 E |
||
| St Nicolas' House | 2,607 | 2,607 | 3,828 | ||
| Braunfels walk | 6,340 | 6,340 | 4,443 | ||
| Online Payment | Plafform fees | 39 | 13 | 52 | |
| 8,986 | 13 | 8,999 | 8,271 | ||
| Total2020 | 8,271 | 8,271 |
| Unrestricted | Restricted | Total | Total | ||
|---|---|---|---|---|---|
| funds | funds | funds | funds | ||
| 2021 | 2021 | 2021 | 2020 | ||
| 6 | 6 | 6 | 6 | ||
| Charitable | activities - other activities | 343,023 | 62,096 | 405,119 | 418,920 |
| Charitable | activities - grants | 37,836 | 37,836 | 36,136 | |
| 380,859 | 62,096 | 442,955 | 455,056 | ||
| Total 2020 | 389,367 | 65,689 | 455,056 |
| Total | Total | |||||
|---|---|---|---|---|---|---|
| Staff costs | Depreciation | Other costs | funds | funds | ||
| 2021 | 2021 | 2021 | 2021 | 2020 | ||
| 6 | F | F | 6 | 6 | ||
| Chadtable | activities - other | |||||
| activities | 102,858 | 24,817 | 277,444 | 405,119 | 418,920 | |
| Charitable | activities - grants | 37,836 | 37,836 | 36,136 | ||
| 102,858 | 24,817 | 315,280 | 442,955 | 455,056 | ||
| Total 2020 | 119,057 | 24,730 | 311,269 | 455,056 |
| Charitable activ |
ities | - Other activities | ||
|---|---|---|---|---|
| 2021 | 2020 | |||
| F | 5 | |||
| Parish share | 166,402 | 168,083 | ||
| Church running |
expenses | 45,123 | 56,564 | |
| Church family event |
16,753 | 80 | ||
| Ministry staff | 34,566 | 46,773 | ||
| Youth department | 758 | 924 | ||
| Clergy and staff | expenses | 5,224 | 6,476 | |
| Organist, choir and organ |
3,930 | 2,076 | ||
| Collections for charities |
15,742 | 10,955 | ||
| Reordering costs | 1,875 | |||
| Welcome | 239 | 424 | ||
| Evangelism and |
discipleship | 2,375 | 537 | |
| Bellringers | 114 | 240 | ||
| Pastoral care | 217 | 471 | ||
| St Nic's Kids | 606 | 2,107 | ||
| Services | 134 | 430 | ||
| Town Team | 621 | 1,139 | ||
| Weddings and funerals |
3133 | 3,946 | ||
| Bursaries | 356 | |||
| Women's events |
809 | 1,213 | ||
| CAP DCM | 11,053 | 11,066 | ||
| CAP Blessings | 367 | 90 | ||
| Meet Monday | 331 | |||
| Hidden Treasures | 758 | 1,982 | ||
| Memorial garden |
44 | |||
| Rector's discretionary | fund | 262 | ||
| Youth Alpha | 201 | |||
| Support costs | 95,638 | 100,832 | ||
| 405119 | 418920 |
| Included in |
charitable activities are the following s |
upport costs: | |
|---|---|---|---|
| 2021f | 2020 5 |
||
| Stationery and advertising |
3,358 | 3,457 | |
| Telephones | and IT | 7,242 | 6,751 |
| Postage | 1,009 | 2,208 | |
| Printing | 2,354 | 2,436 | |
| Office salaries | 48,589 | 52,617 | |
| Depreciation | 24,817 | 24,730 | |
| Other costs | 1,527 | 1,689 | |
| Copyright/licences | 1,497 | 1,723 | |
| Governance | costs | 5,245 | 5,221 |
| 95,638 | 100,832 |
| The Charity has ma | de th | e following material grants to in |
stitutions during the year: |
|
|---|---|---|---|---|
| 2021 | 2020 | |||
| E | F | |||
| COINS | 8,000 | 10,000 | ||
| Shoemakers | 1,500 | 1,500 | ||
| Bible Society | 500 | 1,000 | ||
| Mark & Ruth Zealey | 2,000 | 4,200 | ||
| Miriam Dean Fund | 2,000 | 2,000 | ||
| FHAM | 7,500 | |||
| Newbury YMCA |
5,000 | 5,000 | ||
| SAT-7 | 1,000 | 1,250 | ||
| Bus ofHope | 1,000 | 1,000 | ||
| Hawkridge Distillers |
Ltd | 1,000 | ||
| Biojemmss Organisation | UK | 3,000 | 3,000 | |
| P &C Winmig | 2,500 | 2,500 | ||
| Newbury Street Pastors |
1,000 | |||
| St Lawrence's, Hungerford |
436 | |||
| Other | 3,836 | 2,250 | ||
| 37,836 | 36,136 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| 5 | 5 | ||||||
| Fees payable | to the Charity's | independent | examiner | for the independent | |||
| examination | ofthe Charity's | annual | accounts | 3,930 | 3,870 | ||
| Fees payable | to the Charity's | independent | examiner | in respect of: | |||
| Payroll services | 1,315 | 1,351 |
| 2021f | 2020f | |||||
|---|---|---|---|---|---|---|
| Wages and | salaries | 96,052 | 110,482 | |||
| Social security costs | 5,312 | 6,670 | ||||
| Pension costs | 1,494 | 1,905 | ||||
| 102,858 | 119,057 | |||||
| The average | number of | persons employed | by | the Charity | during the year was as follows: | |
| 2021 | 2020 | |||||
| No. | No. | |||||
| 10 | ||||||
| The average | headcount | expressed as full-time | equivalents | was: | ||
| 2021 | 2020 | |||||
| No. | No. |
| Freehold | Fixtures 6 | ||
|---|---|---|---|
| property | fittings | Total | |
| 6 | 6 | 6 | |
| Cost or valuation | |||
| At 1 January 2021 | 507,844 | 228,509 | 736,353 |
| Additions | 5,423 | 5,423 | |
| At 31 December 2021 | 507,844 | 233,932 | 741,776 |
| Depreciation | |||
| At 1 January 2021 | 128,747 | 120,096 | 248,843 |
| Charge for the year | 7,721 | 17,096 | 24,817 |
| At 31 December 2021 | 136,468 | 137,192 | 273,660 |
| Net book value | |||
| At 31December 2021 | 371,376 | 96,740 | 468,116 |
| At 31 December 2020 | 379,097 | 108,413 | 487,510 |
| 2021 | 2020 | ||
|---|---|---|---|
| 6 | E | ||
| Due within one year | |||
| Other debtors | 23,994 | 22,750 | |
| Prepayments | and accrued income | 2,759 | 4,053 |
| 26,753 | 26,803 |
| 2021 | 2020 | ||
|---|---|---|---|
| F | 6 | ||
| Other creditors | 16,984 | 8,860 | |
| Accruals and deferred | income | 6,539 | 6,289 |
| Grants accrued | 5,000 | 5,000 | |
| 28,523 | 20,149 |
| Statement offunds | - current year | ||||
|---|---|---|---|---|---|
| Balance at | |||||
| Balance at 1 | 31 | ||||
| January | December | ||||
| 2021 | Income | Expenditure | 2021 | ||
| 6 | 6 | 6 | 6 | ||
| Unrestricted funds |
|||||
| General Funds - all | funds | 471,964 | 423,079 | (389,845) | 505,198 |
| Restricted funds | |||||
| Property | 373,214 | (7,596) | 365,618 | ||
| Sound system | 16,218 | (4,141) | 12,077 | ||
| Choir and worship - | legacy | 2,211 | 2,211 | ||
| Morden College | 5,452 | 5,452 | |||
| Church funds | 12,939 | 26,000 | (16,793) | 22,146 | |
| Schneider memorial |
4,525 | 4,525 | |||
| Church projection system | 9,615 | (1,390) | 8,225 | ||
| Collections for charities | 15,755 | (15,755) | |||
| CAP DCM | 2,395 | 12,000 | (11,915) | 2,480 | |
| CAP Blessings | 7,410 | (367) | 7,043 | ||
| Other miscellaneous | funds | 12,925 | 3,841 | (4,152) | 12,614 |
| 446,904 | 57,596 | (62,109) | 442,391 | ||
| Total offunds | 918,868 | 480,675 | (45'I,954) | 947,589 |
| Statement offunds | - prior ye | ar | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at | 31 | |||||
| 1 January | Gains/ | December | ||||
| 2020 6 |
Income f |
Expenditure E |
(Losses) 6 |
2020 6 |
||
| Unrestricted funds |
||||||
| General Funds - all | funds | 471,963 | 397,639 | (397,638) | 471,964 | |
| Restricted funds | ||||||
| Property | 380,811 | (7,597) | 373,214 | |||
| Sound system | 20,360 | (4,142) | 16,218 | |||
| Choir and worship - | legacy | 2,211 | 2,211 | |||
| Morden College | 5,452 | 5,452 | ||||
| Church funds | 2,503 | 26,000 | (15,564) | 12,939 | ||
| Schneider memorial | 4,525 | 4,525 | ||||
| Investments | 6,384 | (6,561) | 177 | |||
| Church projection system |
11,004 | (1,389) | 9,615 | |||
| Collections for charities | 10,955 | (10,955) | ||||
| CAP DCM | 2,279 | 11,600 | (11,484) | 2,395 | ||
| CAP Blessings | 7,500 | (90) | 7,410 | |||
| Other miscellaneous | funds | 15,493 | 5,339 | (7,907) | 12,925 | |
| 451,022 | 61,394 | (65,689) | 177 | 446,904 | ||
| Total offunds | 922,985 | 459,033 | (463,327) | 177 | 918,868 |
| Summary | offunds - current yea | r | ||||
|---|---|---|---|---|---|---|
| Balance at | ||||||
| Balance at 1 | 31 | |||||
| January | December | |||||
| 2021 | Income | Expenditure | 2021 | |||
| 6 | 5 | E | F | |||
| General funds | 471,964 | 423,079 | (389,845) | 505,198 | ||
| Restricted | funds | 446,904 | 57,596 | (62,109) | 442,391 | |
| 918,868 | 480,675 | (451,954) | 947,589 | |||
| Summary | offunds - prior year | |||||
| Balance at | ||||||
| Balance at | 31 | |||||
| 1 January | Gains/ | December | ||||
| 2020 | Income | Expenditure | (Losses) | 2020 | ||
| 5 | 5 | E | 6 | 8 | ||
| General funds | 471,963 | 397,639 | (397,638) | 471,964 | ||
| Restricted | funds | 451,022 | 61,394 | (65,689) | 177 | 446,904 |
| 922,985 | 459,033 | (463,327) | 177 | 918,868 |
| Analysis | ofn | et assets between funds - cur | rent year | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| 2021 E |
2021 | 2021f | |||
| Tangible | fixed | assets | 81,024 | 387,092 | 468,116 |
| Current | assets | 446,182 | 61,814 | 507,996 | |
| Creditors | due | within one year | (22,008) | (6,515) | (28,523) |
| Total | 505,198 | 442,391 | 947,589 |
| Unrestricted | Unrestricted | Restricted | Total | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| funds | funds | funds | ||||||||||||
| 2020 | 2020 | 2020 | ||||||||||||
| 6 | 6 | 5 | ||||||||||||
| Tangible fixed | assets | 87,124 | 400,386 | 487,510 | ||||||||||
| Current assets | 407,138 | 49,369 | 456,507 | |||||||||||
| Creditors due | within | one year | (17,298) | (2,851) | (20,149) | |||||||||
| Creditors due | in more than one | year | (5,000) | (5,000) | ||||||||||
| Total | 471,964 | 446,904 | 918,868 | |||||||||||
| 24. | Reconciliation | of net movement | in funds | to | net | cash flow | from | operating | activities | |||||
| 2021 6 |
2020f | |||||||||||||
| Net income/expenditure for |
the | year | (as | per | Statement | of | Financial | |||||||
| Activities) | 28,721 | (4,117) | ||||||||||||
| Adjustments | for: | |||||||||||||
| Depreciation charges |
24,817 | 24,730 | ||||||||||||
| (Gains)/losses | on investments | (177) | ||||||||||||
| Interest | (2,191) | (3,950) | ||||||||||||
| Decrease in debtors |
50 | 6,493 | ||||||||||||
| Increase/(decrease) | in creditors | 3,374 | (24,268) | |||||||||||
| Net cash provided | by/(used | in) operating | activities | 54,771 | (1,289) | |||||||||
| 25. | Analysis ofcash and cash equivalents | |||||||||||||
| 2021 | 2020 | |||||||||||||
| 6 | 6 | |||||||||||||
| Cash in hand | 181,935 | 174,536 | ||||||||||||
| Notice deposits (less | than 3months) | 299,308 | 255,168 | |||||||||||
| Total cash and cash equivalents | 481,243 | 429,704 |