Charity Number 1128306
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST PAULS PRESTON PAIGNTON**
**Accounts For the year ended 31 December 2021**
**St Paul's Church, Preston, Paignton**
## **For the Year Ended 31 December 2021**
## **Contents**
|**Contents**||
|---|---|
||**Page**|
|Report of the Trustees|1-3|
|Report from the Vicar|4-6|
|Independent Examiners Report|7|
|Statement of Financial Activities|8|
|Statement of Assets and Liabilities|9|
|Notes to the Accounts|10-15|
**St Paul's Church, Preston, Paignton Report of the Trustees For the Year Ended 31 December 2021**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of the Statement of Recommended Practice (SORP) 'Accounting and Reporting by Charities' 2015.
## **Reference and Administrative Details**
## **Registered Charity number**
1128306
## **Principal address**
St. Pauls Church Locarno Avenue PAIGNTON TQ3 2DH
**Incumbent** Revd. John Pout **Wardens:** Michael Snowdon Catherine Brookman **Deanery Synod Representative:** Catherine Brookman David Harwood **Honorary Treasurer:** William Phillips **Stewardship & Gift Aid Administrator** Michael Snowdon **Elected Members:** Catherine Brookman Mark Brookman Justine Garvey Donald Hocken William Phillips Linda Richardson Helen Snowdon (Honorary Secretary Lynette Taylor **Safeguarding Representative** Helen Snowdon **D.B.S. Verifier** Lynette Taylor
## **Independent examiner**
Accounting 4 Everything SW Limited 11 Manor Corner, Manor Road
Paignton Devon TQ3 2JB
Page 1
**St Paul's Church, Preston, Paignton Report of the Trustees For the Year Ended 31 December 2021**
## **Structure, Governance and Management**
## **Governing document**
The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.
## **Recruitment and appointment of new trustees**
The method of appointment of PCC members is set out in the Church Representation rules. At St Paul’s the membership of the PCC consist of the incumbent (our Vicar), Church Wardens and members elected by those members who are on the electoral role of the Church. All those who attend our services / members of the congregation are encouraged to register on the electoral role and stand for election to the PCC. 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.
## **Risk management**
The trustees have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
The PCC meets bi-monthly and also calls special meetings when required. A Standing Committee made up of members of the PCC is available to meet in between PCC meetings where necessary. No meetings of the Standing Committee have been necessary this year.
## **Objectives and Activities**
## **Objectives**
St Paul’s Church Paignton Parochial Church Council (‘the PCC’) co-operates with the incumbent, the Reverend John Pout to promote in the ecclesiastical parish the whole mission of the Church - pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the church buildings (including the adjacent Halls and Youth Hut).
St Paul’s forms part of a Benefice with Christ Church, Paignton and is located on Torquay Road. The address for correspondence is The Vicarage, Locarno Avenue, Preston, Paignton, TQ3 2DH.
These two churches operate as separate entities but cooperate together where beneficial.
Page 2
**St Paul's Church, Preston, Paignton Report of the Trustees For the Year Ended 31 December 2021**
## **Aims**
Prayer - that St Paul’s makes corporate and private prayer the central foundation on which all church activity is based.
Evangelism - for the church to be an open and welcoming fellowship, committed to making new disciples.
Worship - to offer clear, audible, visible and inspiring services with a mixture of inspiring traditional and contemporary hymns and songs - attractive to all ages and stages.
Fellowship - for church members to experience that they belong to an extended Christian family where they can make friends and find support.
Teaching - that the Bible is central to all that we do and that the Gospel is known, loved and taught so that everyone will be inspired to grow in their faith and discipleship.
Service - that all are encouraged and enabled to play their part in offering service to the church and the wider community.
## **Financial Review**
The total receipts on unrestricted funds were £52,997. The total expenditure this year was £76,068 including the contribution to the Diocesan Parish share. The expenditure exceeds income by £23,071, and the total unrestricted funds at the end of the year is now £134,110.
## **Reserves policy**
It is PCC policy to maintain a balance on unrestricted funds of at least eight months of unrestricted payments, equivalent to approximately £60,000, to cover emergency situations that may arise from time to time and to hold sufficient reserves to maintain the fabric of the Church. The PCC feels that the current balances are within the reserves policy, but are continuing to carefully monitor the situation bearing in mind the difficult financial times that we are all experiencing.
It is our policy to invest our fund balances in accounts that are paying a competitive rate of interest at the time of the investment.
## **Report Approval**
Approved by order of the board of trustees on _________ and signed on its behalf by:
.............................................
Revd. John Pout
Page 3
**St Paul's Church, Preston, Paignton Vicar's Review For the Year Ended 31 December 2021**
## **Review**
Similarly to last year, much of what is contained in this report is applicable to both St Paul’s and Christ Church as we continue to make all new initiatives and on-going activities available to both congregations and parishes and encourage mutual participation regardless of which church hosts them.
2021 was another remarkable year in the midst of the historic Coronavirus pandemic which paralysed much of what the world was doing and brought us both good and bad.
The year began in a lockdown, with services only available on Zoom - but what a God-send Zoom has been! I was reminded of a lady I met a few years ago, who was blind, and in her nineties and yet she had embraced all that technology could offer her and found joy in reading her grandchildren bedtime stories - an intimacy and frequency she could never have enjoyed without the benefit of technology.
It was a lesson to me that no matter what age we are, we should never opt out of today’s world and live in the comfort of nostalgia, but always look forward, strengthened by what is behind but living fully in the now and in the light of what God is doing in His church today.
We made good use of the Zoom platform, using it to relay services on-line for those who were unable to get out (and I am very grateful for the effort David Harwood has made in making the possible each week) and also to produce Alpha on-line, a Lent course on-line as well as house groups and the weekly Friday Prayer meeting. For the first part of the year we also held a Wednesday Coffee meeting on Zoom.
As is often the case, we rely on a few to do a lot and I am very grateful to Mike Snowdon and Catherine Brookman in particular for their support as Church Wardens and their shared commitment to the church family. Both do a great deal behind the scenes to enable the church to function well.
I am also very grateful to Bill Phillips for his service to us over this past year as our Treasurer.
Don Hocken also deserves a particular mention, having served the church in a number of ways, particularly with regard to the on-going maintenance needs of the church and ensuring our facilities are safe and compliant.
Helen Snowdon has again served the church diligently in her role as PCC Secretary and Safeguarding Representative, both of which are very important ministries.
David Harwood has also been of immense help, faithfully transmitting our services on line via Zoom each week, standing in for me when I am away in leading and preaching as well as looking after the electoral roll. As David’s Reader training continues, I am grateful for his enthusiasm and willingness to do whatever needs to be done.
I now manage the Hall bookings and this is a vital source of income for the church. Covid 19 prevented us from hiring out he Hall for much of the year and it was only by September that bookings had begun to resemble normality. We have lost a few hirers whose needs have changed and we have some new ones to take their place but we are fortunate to host the Pre-School as a long-term and very significant daily hirer.
Page 4
**St Paul's Church, Preston, Paignton Vicar's Review For the Year Ended 31 December 2021**
## **Review**
In light of that, while Finances have certainly been tight over the past year it is the result of the grace of God and the generous giving from members of the church family that we have been able to more than fulfil our commitments and remain in a financially healthy situation.
Inevitably we lost some momentum due to the consequences of Covid 19. The in-person coffee and chat, Craft Club and fledgling mens pub nights all had to stop and the launch of Little Angels which took place in September had been postponed for at least a year due to the pandemic. I hope that we will bring some or all of these activities back in 2022 once we are confident that we can do them safely. However I believe in many ways we have emerged stronger and have become a place which is more attractive and welcoming to the seeker and to young families than we were before.
This year also saw us host a Mission in September, partnering with Through Faith Missions and working with Christ Church and Living Waters Church. Eight voluntary representatives came and lived in the parish for a week, mainly doing door to door evangelism. The Mission was reminder that we are called to be sowers while God is the grower. I believe we sowed seeds of the Gospel and although there has been no obvious fruit if we measure it by direct joiners as a result, I am sure it was the right thing to do - in obedience to the commission that Jesus gave the church and as is often the case, the fruit is will become a harvest in due time and it was certainly a blessing to those from the churches who got involved.
## **Worship, Services & Teaching**
In our services I have tried to ensure that our teaching content continues to be biblically based and liferelated.
This year, during the Spring we went through the story of Joseph in Genesis and completed exploring the whole of Luke’s Gospel. In the summer months we explored Haggai and the life of Elijah and in the Autumn period our sermons took us through Paul’s letter to the Ephesians.
The most strategic development in the benefice this year has been establishing Little Angels at St Paul’s. Under the leadership of Catherine Brookman, supported by Gill Hayllor, Karen Hocken and Jenny Glanville this new group for Babies, toddlers, their parents and grand parents has been a great success and regularly serves a number of children and parents each week. My hope is that this will lead to developing relationships with young families who will progressively engage with us as a Church and ultimately come to faith and become members of the church family.
I have not revived the evening service, ’Revive @ 6’, as we are still quite low in numbers and I would rather encourage people to build a stronger congregation and church family through the morning services than dilute it by having the evening alternative. We will continue to keep this under review.
David Harwood has been especially helpful in standing in for those Sundays when I am on leave and he will continue to serve in leading and preaching as he continues to study to be appointed to the role of Lay Reader.
Page 5
**St Paul's Church, Preston, Paignton Vicar's Review For the Year Ended 31 December 2021**
## **The future**
The next few years will be interesting. The Bay Church will become fully functioning after Easter 2022 and will be aiming to do much the same as us and in a similar way but with significantly more resources both in finance and staff. It is easy to be drawn into seeing the Bay Church as ‘competition’ but if it brings the Gospel to many more people in Paignton in particular then this has to be welcomed.
We are now beginning to see the benefit of the re-ordering work at the back of the church, particularly with Little Angels and after church coffee time. This has been so successful that the PCC are reviewing the possibility of expanding that area - the two wooden partitions proving to be restrictive to the space and openness that is needed. It is likely that in 2022 we will pursue a faculty to enlarge this area.
We continue to attract new people and I believe this will only continue. My prayer is that we will also continue to attract new people who are mature in the faith and prepared to be involved as well as reach out to those who are seeking and who will find faith within our church family.
My medium and long-term aim of the benefice is that we grow into two thriving church communities, representative of the parish populations in age, ethnicity and social backgrounds, growing through reputation and invitation to become committed praying, worshipping and serving church families.
I hope that we will achieve this by:
Ensuring our services of worship speak across age and culture boundaries in their
content - through lively, inspiring worship and biblical, life-related teaching with language and music styles readily accessible to the seeker and those with little or no church experience.
Deepening the faith and fellowship of the two churches, encouraging them to be increasingly outward facing and developing opportunities for fellowship and prayer through House Groups and regular courses.
Encouraging a proactive attitude among the congregations to share faith naturally and with confidence.
Support this with teaching programmes which are designed to equip and inspire church members to live out their faith on a daily basis and demonstrate the gospel of Christ.
Engaging proactively with the two schools who are becoming open to engage with us and developing those links to attract parents and families.
Developing our church buildings to ensure they are attractive, welcoming and serve the vision.
Continuing to offer invitational opportunities to those outside the church.
## **Rev. John Pout**
Page 6
**St Paul's Church, Preston, Paignton Independent Examiners Report For the Year Ended 31 December 2021**
I report on the accounts of the charity (number 1128306) for the year ended 31 December 2021, which are set out on the following pages.
## **Respective responsibities of trustees and examiner**
The charity's trustees are reponsible for the preparation of the accounts. The charity's trustees consider that an audit is not required for this year under section 144 of the Charity Act 2011 (the Charities Act) and that an independent examination is needed.
It is my responsibility to:
- examine the accounts under section 145 of the Act;
- to follow procedures laid down in the General Directions given by the Charity Commission;
- to state whether particular matters have come to my attention.
## **Basis of independent examiners statement**
My examination was carried out in accordance with General Directions given by the Charity Commissioners. 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 the 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 examiners 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:
- a) to keep accounting records in accordance with section 130 of the Charities Act; and
b) to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Charities 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.
............................................. Date 07-Mar-22
Accounting 4 Everything SW Ltd T/A Accounting4Everything Chartered Accountants 11 Manor Corner Manor Road Paignton Devon TQ3 2JB
Page 7
## **St Paul's Church, Preston, Paignton Statement of Financial Activities For the Year Ended 31 December 2021**
|**INCOME & ENDOWMENTS**
Voluntary Income
Activities for generating funds
Income from Investments
Church Activities
Other
**TOTAL INCOME**
**EXPENDITURE**
Raising Funds
Charitable Giving
Church Activities
**TOTAL EXPENDITURE**
Gains / (Losses) on Revaluation
**NET MOVEMENT IN FUNDS**
Transfer between funds
BALANCE AT 01/01/2021
**BALANCE AT 31/12/2021**
**/ (**
**)**
**BEFORE GAINS & (LOSSES) ON**
**INVESTMENTS**|**Unrestricted Restricted**
**Total**
**Total fund**
**funds**
**funds**
**funds**
**2020**
**£**
**£**
**£**
**£**
31,560
-
31,560
64,019
22,022
-
22,022
23,709
940
-
940
1,338
1,175
-
1,175
663
49
-
49
748
55,746
-
55,746
90,477
395
-
395
15
1,980
-
1,980
1,620
73,693
-
73,693
82,030
76,068
-
76,068
83,665
20,322)
(
-
20,322)
(
6,813
4,183
-
4,183
1,940
16,139)
(
-
16,139)
(
8,752
-
-
-
-
150,249
2,869
153,118
144,366
134,110
2,869
136,979
153,118|
|---|---|
Page 8
## **St Paul's Church, Preston, Paignton Statement of Assets and Liabilities For the Year Ended 31 December 2021**
|**FIXED ASSETS**
**Investments** -at valuation
**Deposits with Central Board of Finance**
**CURRENT ASSETS**
Cash at Bank
Cash in Hand
Debtors & Prepayments
**LIABILITIES**
Creditors: Amounts falling due within one year
**TOTAL NET ASSETS**
**PARISH FUND**
Unrestricted Funds
Restricted Funds
**TOTAL FUNDS**|**£**
**£**
**£**
**£**
33,367
29,184
92,385
92,385
125,752
121,569
14,571
29,351
-
-
4,724
8,632
19,295
37,983
8,069)
(
11,226
6,434)
(
31,549
136,979
153,118
134,110
150,249
2,869
2,869
136,979
153,118
**2021**
**2020**|
|---|---|
||19,295|
||8,069)
(|
|||
Approved by the Parochial Church Council on __________ and signed on its behalf by:
.............................................
Rev J Pout
Date:
............................................. Mr M Snowdon
Date:
Page 9
**St Paul's Church, Preston, Paignton Notes to the Accounts For the Year Ended 31 December 2021**
## **1) Accounting Policies**
The principal accounting policies adopted in the preparation of the Financial Statements are as follows:
## **Basis of Accounting**
The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS102) and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS102), the Charities Act 2011, and in accordance with the Church Accounting Regulations.
St Paul’s Church meets the definition of a Public Benefit Charity under FRS102.
## **Covid-19**
Subsequent to the year end, the PCC was forced to close the church in March 2020 as a result of the coronavirus outbreak. On 24 July 2020 the church was able to re-open but the church income was still affected with particular reference to the letting of the hall and the latest covid regulations. Whilst in the circumstances of the current pandemic it is difficult to forecast at present, but the PCC believes that the church has sufficient resources to continue for the foreseeable future, and hence the financial statements have been prepared on a going concern basis.
## **Fund Accounting**
Unrestricted Funds are available for use at the discretion of the PCC in furtherance of its charitable objectives. Designated Funds are unrestricted funds earmarked by the Members of the PCC for particular purposes.
Restricted Funds are subject to restrictions on their expenditure when specified by the donor or when funds are raised for particular purposes.
## **Incoming Resources**
All voluntary giving is included in the Financial Statement for the period it is received. Donations under gift aid plus the Associated Tax Recovery are recognised as income when the donation is received. Legacies are accounted for when their receipt is certain and can be properly quantified. Realised Gains or Losses are recognised when investments are sold. Unrealised Gains or Losses are accounted for on revaluation of investments at the 31st December each year. All other income is generally recognised when it is receivable.
## **Resources Expended**
The Diocesan quota is accounted for on the basis of the amount paid in the year. Resources expended are recognised in the period to which they are included and include attributable VAT which cannot be recovered. They are allocated to the particular activity to which they relate. As most of the Management and Activity of the Church is carried out by volunteers, this intangible cost is not included in the Financial Statements as this voluntary contribution to the life of the Church is incalculable.
Page 10
**St Paul's Church, Preston, Paignton Notes to the Accounts For the Year Ended 31 December 2021**
## **Taxation**
As part of the Church of England the Church is an excepted charity within the meaning of the Taxes Acts. Accordingly it is potentially exempt from taxation in respect of income and capital gains received to the extent that such income or gains are applied to exclusively charitable purposes. No provisions for taxation has been made in these financial statements.
## **Fixed Assets**
Consecrated and beneficed property is excluded from the accounts by the Charities Act 2011. No value is placed upon movable church furnishing held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and movable church furnishings, whether maintenance or improvement, is written off in the S.O.F.A. and separately disclosed.
## **Financial Instruments**
The church holds the following financial instruments:
- short term trade and other debtors and creditors;
- cash and bank balances.
All financial instruments are classified as basic.
The Church has chosen to apply the recognition and measurement principles in FRS102 Financial instruments are recognised when the Church becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the church’s obligations are discharged, expire or are cancelled.
Basic financial assets comprise short term trade and other debtors and cash and bank balances. Basic financial liabilities comprise short term trade and other creditors and bank loans. Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other considerations expected to be paid or received, after taking account of impairment adjustments.
## **Donated Services**
The PCC benefits greatly from the involvement and enthusiastic support of its many volunteers. In accordance with the Charity SORP, the economic contribution of general volunteers is not measured in the accounts.
Page 11
## **St Paul's Church, Preston, Paignton Notes to the Accounts For the Year Ended 31 December 2021**
|2 INCOME & ENDOWMENTS
**a) Voluntary Income**
Stewardship & Gift Aid
Tax Recoverable
Collections
Donations & Appeals - Charities
Other Income
Legacies
**b) Activities for generating funds**
Social Activities
Coffee & Catering
Church Hall Letting
Car Parking
**c) Income from Investments**
Dividends & Interest
Interest Current Accounts
**d) Church Activities**
Fees
Magazine Sales
Magazine Advertising
**e) Other**
Vicars Contribution to Gas & Telephone
Sundry Income|**2021**
2020
**22,254**
28,023
**5,700**
8,722
**3,606**
6,749
**-**
-
**-**
25
**-**
20,000
**31,560**
63,519
**-**
-
**-**
22
**17,734**
21,590
**4,288**
2,097
**Unrestricted Funds**|**2021**
2020
**-**
-
**-**
-
**-**
-
**-**
500
**-**
-
**-**
-
**-**
500
**Restricted Funds**|**TOTAL**
TOTAL
**2021**
2020
**22,254**
28,023
**5,700**
8,722
**3,606**
6,749
**-**
500
**-**
25
**-**
20,000|
|---|---|---|---|
||||**31,560**
64,019|
||||**-**
-
**-**
22
**17,734**
21,590
**4,288**
2,097|
||**22,022**
**23,709**|**-**
**-**|**22,022**
**23,709**|
||**940**
1,338
**-**
-||**940**
1,338
**-**
-|
||**940**
**1,338**|**-**
**-**|**940**
**1,338**|
||**1,175**
663
**-**
-
**-**
-
**1,175**
663
**-**-
**49**748|**-**
-|**1,175**
663
**-**
-
**-**
-|
||||**1,175**
663|
||||**-**
-
**-**
-
**49**
748|
||**49**
748|**-**
**-**|**49**
**748**|
||**55,746**
89,977|**-**
500||
||||**55,746**
90,477|
Page 12
## **St Paul's Church, Preston, Paignton Notes to the Accounts For the Year Ended 31 December 2021**
## **3 EXPENDITURE**
|**a) Raising Funds**
Coffee & Catering
Planned Giving Costs
Car Parking
**b) Charitable Giving**
Barnabus
Linx
Mission to Seafarers
Bishop Desiree (Congo)
Rowcroft
The Haven
Samaritans
Food Larder
RDA
CMS
Miscellaneous
NSPCC
**c) Church Activities**
**Ministry**
Diocesan Quota
Vicar Expenses
Retired & Relief Clergy Honoraria
**Church**
Overheads
Maintenance
Running Costs
Computer Software & Telephone
Salaries
Organist / Relief Organist
EDBF Fees & Wedding & Funeral Costs
**Hall**
Overheads
Maintenance Upkeep
Kitchen Consumables & Equipment
Garden of Remembrance
Roof Replacements
Reordering at Rear of Church
Accountancy Fees
Alpha Hospitality & Expenses|**2021**
2020
**180**
15
**102**
-
**113**
-
**395**
15
**950**
600
**1,000**
-
**-**
1,000
**30**
20
**Unrestricted Funds**|**2021**
2020
**-**
-
**Restricted Funds**|**TOTAL**
TOTAL
**2021**
2020
**180**
15
**102**
-
**113**
-|
|---|---|---|---|
||||**395**
15|
||||**-**
-
**950**
600
**-**
-
**-**
-
**-**
-
**-**
-
**-**
-
**-**
-
**1,000**
-
**-**
1,000
**30**
20
**-**
-|
||**1,980**
**1,620**|**-**
**-**|**1,980**
**1,620**|
||**41,207**
41,706
**-**
108
**-**
75
**9,474**
11,116
**1,536**
1,230
**-**
107
**727**
1,027
**5,504**
5,335
**-**
833
**224**
140
**4,015**
4,640
**3,210**
2,584
**186**
938
**640**
893
**6,360**
-
**-**
10,170
**610**
1,128||**41,207**
41,706
**-**
108
**-**
75
**9,474**
11,116
**1,536**
1,230
**-**
107
**727**
1,027
**5,504**
5,335
**-**
833
**224**
140
**4,015**
4,640
**3,210**
2,584
**186**
938
**640**
893
**6,360**
-
**-**
10,170
**610**
1,128
**-**
-|
||**73,693**
82,030|**-**
-|**73,693**
82,030|
||**76,068**
83,665|**-**
-||
||||**76,068**
83,665|
Page 13
**For the Year Ended 31 December 2021**
## **St Paul's Church, Preston, Paignton Notes to the Accounts**
## **4 STAFF COSTS**
|Staff Costs (including sub-contracted)
The average number of employees during the year was 1 (2020: 2)|**2021**
**£**
5,504|2020
£
5,335|
|---|---|---|
||||
## **RELATED PARTY TRANSACTIONS**
No expenses were paid to any member of the PCC, persons closely connected with them or related parties.
|**5 INVESTMENTS**
- at Market Value
**CBF - Investment Fund**
1,248.00 shares
123.90 shares
52.59 shares
1,424.49 shares
**6 Deposits with Central Board of Finance**
Deposit Funds - General
Project Fund
Hall
**7 Cash at Bank**
General Accounts
Freewill Account
Hall Account
**8 Cash in Hand**
General Accounts
**9 Debtors**
Prepayments
Debtors - Tax Refund
Hall Income
Other
**10 Creditors**
Creditors for goods & services
Income in advance
Social Security & Other Taxes
Other
Accruals|**Cost**
**2021**
**1,000**
**1,419**
**614**
**3,033**|**Value**
**2021**
**29,233**
**2,902**
**1,232**|Value
2020
25,568
2,538
1,077
29,184
**2021**
**£**
**84,282**
**3,009**
**5,094**
**92,385**
**2021**
**£**
**(1,097)**
**8,285**
**7,383**
**14,571**
**2021**
**£**
**-**
**2021**
**£**
**-**
**2,749**
**1,975**
**4,724**
**2021**
**£**
**-**
**-**
**-**
**7,499**
**570**
**8,069**|**Unrealised**
**Gain at**
**31/12/2021**
**3,665**
**364**
**154**|
|---|---|---|---|---|
|||**33,367**||**4,183**|
|||||2020
£
84,282
3,009
5,094|
|||||92,385|
|||||2020
£
4,691
24,445
215|
|||||29,351|
|||||2020
£
-|
|||||2020
£
816
5,841
1,975|
|||||8,632|
|||||2020
£
-
-
-
5,278
1,156|
|||||6,434|
Page 14
**For the Year Ended 31 December 2021**
## **St Paul's Church, Preston, Paignton Notes to the Accounts**
|**11 Fund Balances**
**Analysis of Net Assets by Funds**
Fixed Assets
Current Assets
Current Liabilities
Net Assets
**Restricted Funds**
Legacy
Re-Order Back of Church
Night Shelter
**Unrestricted Funds**
Brought Forward - at 1 January 2021
Surplus / (Deficit) for the year
Carried Forward - at 31 December 2021|**As at**
**01/01/2021 Transfer**
**2,031**
**71**
**767**
**2,869**
**-**|**UnrestrictedRestricted**
**Fund**
**Fund**
**125,752**
**16,426**
2,869
**(8,069)**
**134,110**
2,869
**Received**
**Paid**
**-**
-
**Total**
**General**
**2021**
**150,249**
150,249
**(16,139)**
(16,139)
**134,110**
134,110|**Total**
**2021**
**125,752**
**19,295**
**(8,069)**|
|---|---|---|---|
||||**136,979**|
||||**As at**
**31/12/2021**
**2,031**
**71**
**767**|
||||**2,869**|
||||Total
2020
**141,997**
**8,252**|
||||**150,249**|
Page 15