**REGISTERED CHARITY NUMBER: 1128447**
**REPORT OF THE TRUSTEES AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **FOR**
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
Parkers Cornelius House 178-180 Church Road Hove East Sussex BN3 2DJ
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|10|
|**Independent Examiner's Report**||11||
|**Statement of Financial Activities**||12||
|**Balance Sheet**||13||
|**Notes to the Financial Statements**|14|to|25|
|**Detailed Statement of Financial Activities**||26||
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2021**
The trustees present their report with the financial statements of the charity for the year ended 31st December 2021. The trustees have adopted the provisions of 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) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
Under the Parochial Church Council (Powers) Measure 1956 (as amended), the principal function of the PCC is 'co-operation with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical'.
The PCC ensures:
- provision of regular public worship, including personal prayer and contemplation, open to all;
- teaching of Christianity through sermons, courses and small groups;
- provision of a wide range of children's and youth activities across all age ranges;
- working in partnership with local schools;
- delivery of events and activities which promote the whole mission of the church across all age ranges, including those ministries concerned with local social action;
- working in partnership with other charities, organisations and individuals who are engaged in mission and delivering relief and development overseas and in the UK;
- provision of pastoral care including the visiting of the sick, the elderly and the bereaved;
- provision of services for weddings and funerals.
Throughout the year, the trustees have paid due regard to the Charities Commission's guidance on public benefit when exercising any powers or duties to which the guidance is relevant and, in particular, the specific guidance provided to charities for the advancement of religion.
Along with a team of paid staff, the church continues to rely on the voluntary work of a large number of people (in excess of 150) and it very much appreciates their service to the church and the local community.
Because of the diverse nature of the volunteering in both numbers, time and types of activity, it is not feasible to attribute a financial value to volunteer support.
During the year, progress has been made on all seven areas of the Vision and Mission Action Plan.
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## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **ACHIEVEMENT AND PERFORMANCE**
## **Charitable activities**
Our Vision and Mission, agreed in 2020, is to resource Church, Community and City with audacious faith, generosity, humility, unity and tenacity. We believe there are exciting days ahead despite the challenges of covid and reduced finances. We have seen a time of shaking and dismantling in recent months but we believe God is beginning a rebuilding work in us and through us. Having planted and revitalised three times in the last 6 years, the latest one being Peter Landry taking a small team to Whaddon Way in February 2022, it is now a time to focus on refilling the "well" of the mother church at St Mary's.
Serving community and resourcing the city of Milton Keynes is central to our vision. Over the last year we have refined our PCC governance structure and fleshed out a Mission Action Plan to help guide us to ensure we are making best use of God's provision.
As a Church we aim to be disciples that make disciples, We commit to being Bible based and Spirit led; We hold prayer as being key in God's Kingdom; We seek to deeply love and serve one another. Community:- We believe that community is important; We seek to love and serve our local community; We aim to encourage a connected community.
City of Milton Keynes:- We aim to resource God's people across our City; We commit to planting new innovative missional churches; We commit to revitalising churches in need.
We have continued to provide regular public worship, partly only online and partly through hybrid services, including personal prayer and contemplation open to all. As covid waxed and waned we had a mixture of online and events in person.
SMB Online Services reached a huge audience across the globe. Prayer has become an increasingly vital key in remaining strong and faithful during this last year. Open collective prayers on Facebook every Monday to Friday (15+ devices log on live) and the 24/7 Prayer weeks have led to an increase in personal prayer. We have been able to start up Wednesday Communion at 10am in person again. Our Remembrance Day service was well attended in person and several hundred joined us for coffee and cake in the church afterwards.
Christmas at SMB was a good balance of spiritual and practical outreach. Personal Christian witness increased as relationships deepened with neighbours. People found personal faith in Jesus and joined our church. Our lit 'Star' on the church tower and online Nativity and Christingle services were very popular and greatly enjoyed. St Joseph's on Newton Leys did some wonderful Christmas outreach with Ben again organising carols from a Milk-float. This is becoming a tradition! Holy Toast Carolling with a group of 30 strong was very well received by the local community. We were able to help over one hundred families with Christmas hampers and gifts funded through the generosity of a number of church and community members.
Christianity has been taught through sermons, courses and small groups. Peter Landry continued the Word and Spirit series though an Alpha course was postponed. Despite the pandemic we have continued to provide a wide range of children's and youth activities. Dream Factory and Messy Church moved online for a while but managed some months back face to face. SMB Kids is gradually growing again as is the Friday youth group which now welcomes 30+ young teens. We have a well-attended Toddler Group on a Wednesday morning. Working in partnership with local schools, Maryann Brooks continued to deliver assemblies, albeit mostly still online last year, and to provide help and support for families in need. In October 2021 we launched fortnightly Monday Meals for families to eat together at the Community Centre. This has proved a massive blessing with two people even coming forward for baptism. Our fortnightly Connections Café, efficiently organised by Mary Nicholls, is a popular meeting place for church and community members.
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## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2021**
The work of St Mary's Community Centre (SMCC) has made a huge impact in the MK3 postcode area of Bletchley. These initiatives are ably led by Maryann Brooks, now a full time Community Outreach Pastor thanks to funding from the Strategic Development Fund. She is advised by an SMCC Steering Group comprising Oliver Hermes and Clare Reeves who help keep strategic oversight and apply for funding to keep activities sustainable. Indeed, a new small group of individuals has been launched to explore relevant sources of funding. Since April 2020 SMCC has been used to support local families with food and essentials. This weekly provision of free food has been in partnership with SOFEA (FareShare), the Community Foundation and Surplus food in MK. The church has continued to work in partnership with other charities, organisations and individuals engaged in mission and delivering relief and development overseas and in the UK. We continue to work closely with MK Money Lifeline to assist those in debt in our community and across Milton Keynes.
Our Pastoral Team headed up so ably by Diane Young have been very busy during the pandemic and many people are being cared for, kept connected and prayed for. She was a particular source of comfort and reassurance for the staff team during the restructuring process. The Clergy were at times extremely busy with funerals, some being particularly difficult due to lockdown constraints. As one would expect, there was a dramatic reduction in weddings, baptisms, dedications and other family or community celebrations.
## **Staffing**
Our staff team consists of a mix of clergy, paid and volunteer staff.
Clergy:- David McDougall our Rector has ably lead the church throughout 2021, however has experienced a period of ill health in early 2022 necessitating an absence of several weeks. Ben Thorpe, Pioneer Minister at St Joseph's has continued to grow and develop a church of over 70 people, 60% of them unchurched. Our curates, Paul Pavlou and Hannah Akibo-Betts completed their training in June 2021, Peter Landry (started 5th July 2020) who has now gone to lead Whaddon Way and we have a new curate Rachel Ciampoli who joined us in August 2021.
Paid lay staff include Charles Bishop as Operations Manager, Nicky Whitmore as Finance Officer, Christina Farley as Communications Officer, Darrel Hofland as Youth Pastor, Jac Butcher as Children's Ministry Pastor and Steve Adams as our Caretaker. Alongside this brilliant team we have volunteers who are too numerous to mention but without whom we could not effectively fulfil our charitable outcomes to promote in the parish the whole mission of the church, pastoral, evangelistic, social and ecumenical.
## Staff Restructure early 2022
The Coronavirus pandemic has had profound implications. While we remain strong as a church family (with approximately 190 on the electoral role) and we have gained some new members during the pandemic, our overall numbers are down and over the last four months of 2021 our regular giving reduced and our expenditure continues to exceed our income. We were blessed by some one-off gifts but we anticipate the total giving will be reduced by £57,000 in 2022.
Our costs are increasing. Payroll costs will increase because of the National Insurance increase in April 2022. Energy costs are also going up dramatically. We expect a big increase in our parish share (the money we pay to the Diocese as our contribution to clergy costs). In total, we predicted that our costs will increase by £41,000 in 2022 if no action were taken.
These cost pressures are not temporary. Our parish share paid to the Diocese is set to grow by £10,000 each year over the period 2022 to 2026 as we are gradually asked to cover the costs of ministry at St Joseph's in Newton Leys. By 2026 our parish share is expected to be double its 2021 level. St Joseph's are being asked to slowly pay back into the parish share system as their funding tapers out. They have been asked to pay £10,000 for 2022; £20,000 for 2023 and so on until they pay £50,000 each year into the parish share from 2026. As they are currently not a separate and independent church, this figure will be added to St. Mary's parish share figures.
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## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2021**
However, St. Joseph's is raising funds, and has been slowly doing so for several years. This pays for all of their current day to day expenses and has been enabling them to save up for the impending parish share costs. They will be paying 100% of their parish share obligation this year, meaning no real-term effect on SMB, and similarly next year. They will then, however, potentially hit a wall at which their rate of growth in giving is outstripped by the pace of the parish share increase. They are in conversations with the diocese about this very issue over the coming months and have asked the diocese if they would increase their financial support, by enabling their parish share to rise in £5,000 a year increments rather than the £10,000 mentioned above. St Joseph's have been promised a definitive answer on this by the end of 2022.
Back in December 2021, the PCC was presented with a financial forecast showing a £100,000 deficit. The PCC has often adopted deficit budgets in faith. However, as responsible Trustees, the scale of this deficit was simply too great. The PCC is willing to adopt a £50,000 deficit in faith. Despite some new ideas for reducing costs and increasing income, it became crystal clear that we needed to save at least £50,000 annually from the salaries funded by sacrificial giving made by church members at SMB.
Responding to the changing shape of ministry: While our overall vision has remained unchanged, Coronavirus made us think about changes to the shape of ministry that we are called to at St Mary's. Coronavirus has hit the poorest hardest in our community. At SMB, reaching out to our community is more vital than ever. The Community Pastor role is essential to sustain a variety of ministries making vital connections with our community (Saturday Surplus, Monday Meals etc).
Coronavirus has impacted the SMB fellowship itself. The need to refocus and rebuild the well at St Mary's is paramount following a period of creating new wells (St Joseph's) and restoring old wells (St Frideswide's and Whaddon Way).
Families remain a core part of the SMB fellowship and it is imperative that we develop a vibrant intergenerational church. Coronavirus has made us reflect on the need for children's and youth ministry to be more empowering for parents and carers to nurture their children's faith. We believe this is an exciting new opportunity that God is laying on our hearts. This has made us consider whether, in a more financially constrained environment, we can maximise the impact of our children's and youth work by looking for a new model that is family focused.
## Staff Team Restructure:
The scope of the restructure was on the SMB-funded roles. Because the Community Pastor role is part-funded by the Church Commissioners' Strategic Development Fund (SDF), we excluded this role from the proposal along with the fully SDF funded Worship and Media Pastor role.
Following a three-month process, in April 2022 we were able to reveal to the church family the significantly restructured but more sustainable staff team, better equipped to face the future of Mission at SMB.
There were six roles made redundant and four new roles developed. The Operations Manager and Finance Officer roles were made redundant and a new post of Office and Finance Manager created; the Communications Officer role was made redundant and replaced by a Church Administrator post and the Youth and Children's Pastors roles were both made redundant will be combined into a pioneering new Family Ministry Leader post. We will advertise externally for this new role in line with our vision to empower parents and carers to be better equipped to grow their own children's and young people's faith. Our Youth Pastor resigned in March 2022 and has taken up a new post at a Christian Activity Centre in Reading. The Caretaker role on 30 hours was made redundant and a new post of 15 hours created.
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## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **FINANCIAL REVIEW**
## **Financial position**
Overall income in 2021 of £399k is a small increase over £394K in 2020 whilst overall expenditure of £411k has increased marginally more substantially over £373k in 2020 giving a reduction in total funds of £12k (2%). Cash at the year end of £175k remains strong with little change from the prior year. This would on the face of it suggest a satisfactory "steady as she goes" kind of situation. As ever, looking behind the numbers reveals a more complex situation.
The biggest complicating factor is the impact of Strategic Development Fund (SDF) money for the purpose of enabling our Resource Church activities. The SDF funding reimburses us for the increased costs of these activities such that they don't cost us anything overall, however both income and costs are around £60K higher than they would otherwise be in the 2021 figures.
This means that our underlying income, that received mainly from the church membership, has actually fallen by some £55k. On the expenditure side, taking out the SDF related expenses, costs have fallen by some £22k most of which was a one-off reduction in our 2021 Parish Share. Future Parish Shares will be increasing.
The overall trend observed over a number of years is that regular income has been declining, the cost base has been expanding and each year exceptional Spirit inspired generosity brings the situation back into balance. It's against this background that at the start of each year the PCC accepts a budget showing around a £50k shortfall and has faith that God will provide. It's against this same background however, that when presented with a budget showing a £100k shortfall, the PCC has taken action in the first half of 2022 to address this shortfall.
## **Reserves policy**
Following review, the reserves policy remains:-
- To hold net realisable unrestricted and undesignated reserves (net current assets) equivalent to two months' spending, excluding spending which is funded from designated and restricted funds.
- To maintain realisable unrestricted and undesignated reserves at the policy level by setting an annual budget that achieves the policy and by monitoring the budget throughout the year, taking any action as appropriate.
Reserves for this purpose include accumulated unrestricted income, but exclude accumulated restricted income, designated income and income that could only be realised by selling assets held for the use of the PCC.
The reserves held under this policy meet current operational needs, ensure capacity to manage unforeseen financial difficulties which may arise from significant unexpected spending or drop in income, and provide a clear financial framework for the PCC and its sub committees to support decision making, including budget and strategic planning.
## **FUTURE PLANS**
Under the leadership and direction of the Rector, the PCC together with the church family are currently undertaking a reviewing, renewing and sharpening of vison for the coming years. This may see some adjustment in taking forward the seven strands of the 2015-2025 Mission Action Plan, identifying additional elements as they emerge, whilst continuing existing ministries.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The Parochial Church Council (PCC) is a corporate governance body established by the Church of England, formed under the Parochial Church Council (Powers) Measure 1956 (as amended), which defines its functions and powers, and as a charity is registered with the Charities Commission.
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## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Recruitment and appointment of new trustees**
Appointment of PCC members is governed by and set out in the Church Representation Rules (contained in Schedule 3 to the Synodical Government Measure 1969 as amended). The clergy team, elected churchwardens and others are members by virtue of their office (see above). Deanery Synod representatives are elected by the Annual Parochial Church Meeting (APCM) and hold office for three years. Other PCC members are elected annually at the APCM.
As necessary each person who becomes a member of the PCC is given information about their responsibilities and duties as a charity trustee to enable them to carry out their role effectively.
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## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Organisational structure**
The PCC responsibilities include all parish finance, its management and control, including the appointment of a Treasurer. As trustees, members of the PCC are responsible for keeping accounting records which disclose with reasonable accuracy and enable them to ascertain the financial position of the PCC. The financial statements have been prepared in accordance with the accounting policies set out in notes to the accounts and comply with the Church Accounting Regulations 2006 governing the individual accounts of the PCCs, 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 for Smaller Entities published on 16 July 2014.
The PCC is responsible for safeguarding its assets and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. Due to the level of income of the charity the PCC is required to have the financial statements subjected to an Independent Examination prior to publication.
## Governance and Management
In order to ensure our Governance is as effective and efficient as possible, in early 2021 we instigated a revised PCC governance structure better fit for purpose for us as a Resourcing Church in Milton Keynes. SMB's Vision - We believe God is calling St Mary's Bletchley to be serving and resourcing our: - Church
- Community - City
## **Mission Action Plan**
This Mission Action Plan is arranged using these three areas to map the responsibilities of both the Ministries and Mission and Outreach Committees, with acknowledgement that the Organisation and Management Committee facilitates work across all these areas.
The output of our SMB Vision days expresses our Values and Principles of Christian Ministry: Audacious Faith, Generosity, Humility, Unity and Tenacity.
PCC has oversight of the delivery of the Vision and Values and exists to provide a formal structure to support the church in achieving its charitable objectives through the 3 sub-committees detailed below.
## **Ministries** - PCC Member Committee Chair
Meetings held twice a year in March and September for reporting updated Mission Action Plan to PCC. Other meetings as required.
## **Focus: Church**
Agreed Goal: Equipping the members of the church to be closer disciples of Christ - Indicators of Success: Disciples making disciples Bible based and Spirit led Prayer as key in God's kingdom Deeply loving and serving one another
## **Mission and Outreach** - PCC Member Committee Chair
Meetings held twice a year in May and November for reporting updated Mission Action Plan to PCC. Other meetings as required.
## **Focus: Community**
## **Agreed Goal: Serve the local community of West Bletchley**
Indicators of Success:
We believe that community is important We seek to love and serve our community We aim to encourage a connected community
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## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Focus: City**
Agreed Goal: Resourcing churches in Milton Keynes - Indicators of Success:
We aim to resource God's people across our city
We commit to planting new and innovative missional churches
We commit to revitalising churches in need
## **Organisation and Management - PCC Member Committee Chair**
Meetings held twice a year in January & July for reporting updated Mission Action Plan to PCC. Other meetings as required.
## **Agreed Goal: To support and enable the mission, outreach, and ministries of SMB**
Indicators of Success
To regularly review and monitor, on behalf of the PCC, the following areas of SMB's work:
1. People Services for all staff members.
2. Building and churchyard maintenance and development.
3. Oversee financial reporting to the PCC (Finance continue to report directly to PCC).
4. Regulatory compliance.
5. Health and Safety.
6. Information technology maintenance and development.
7. Meeting the requirements of the SMB PCC and the Diocese in relation to the work of the Committee.
This will enable more people to be actively involved in shaping visions and strategies whilst effectively fulfilling our responsibilities of stewardship for all the Lord has provided
## **Ministry Staff Team**
The ministry staff team is appointed to lead and promote in the parish the whole mission of the church, pastoral, evangelistic, social and ecumenical.
In addition, a number of lay people exercise ministry leadership roles, including:-
Wardens Group This group includes the two Churchwardens and five Deputy Wardens who are all elected at the APCM.
**The Standing Committee** - this would be a group consisting of (at least) the Rector, the wardens and the Chair of the Finance Committee. It is deemed good practice to have five members. The Standing Committee exists to deal with urgent financial, safeguarding or human resources issues or matters of a highly sensitive and confidential nature. It would be able to co-opt the chair(s) of relevant committees to aid its deliberations. Wherever possible it would be considered best practice to convene an emergency online meeting (Zoom etc) wit h the PCC or committee of the PCC rather than hold a Standing Committee meeting.
**The Finance Committee** is chaired by the Chair of Finance and consists of the Treasurer, Finance Officer and other parties as required. On behalf of the PCC, it has oversight and risk management responsibility for the finance functions, all financial procedures, the financial budget, producing monthly financial reports to the PCC and sub committees .
**The Mission Partnership Group** manages and oversees all grants and donations made to partner organisations and individuals engaged in delivering mission overseas and in the UK (including locally) in line with criteria agreed by the PCC. Through its budget the PCC aims to give away in grants and donations at least 10% of all general giving income i.e. the total of annual regular giving, collection and other sundry unrestricted donation income (plus related tax recoverable through Gift Aiding).
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## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Risk management**
The PCC recognises the need for appropriate policies and procedures to manage risk (including Health & Safety), across all areas of activity for which it is responsible, including its buildings and facilities, as well as a wide range of activities and events. Subject to policies agreed by the PCC, each sub-committee has responsibility for the effective day-to-day implementation of risk management processes covering the areas of activity for which they are responsible. Major risks to which the PCC is exposed, as identified by the PCC and sub-committee members, are reviewed regularly by a Project Management Group linked to the Strategic Development Fund inputs and procedures have been established to reduce and manage risks on an on-going basis.
## **REFERENCE AND ADMINISTRATIVE DETAILS**
The Parochial Church Council of the Ecclesiastical Parish of St Mary's Bletchley is a charity registered under the Charities Act. The Trustees, members of the PCC, who have served since the commencement of the financial year until the approval of the financial statements (unless otherwise stated), were as follows:-
## **Ministry Staff Team**
The Revd David McDougall Ex-officio The Revd Ben Thorpe Ex-officio The Revd Paul Pavlou Ex-officio Resigned 1 August 2021 The Revd Peter Landry Ex-officio The Revd Rachel Ciampoli Ex-officio from 1 July 2021
## **Church Wardens**
Charlotte Cashman Andrew Prince
Deanery Synod Representatives (elected for 3 years) Alison Hammett Pam Lambert Elected 1 September 2021 Rebecca Slingsby Chris Hayter Resigned 1 July 2021 Jess Hampson (St Joseph's) Elected 8 March 2021 Sue Gibbs (Whaddon Way) Elected 8 March 2021
## **Diocesan Synod**
Stephen Walker
## **Other PCC members**
James Gregg Resigned 14 June 2021 Chris Day (Chair of Finance) Rosemary Slasor Resigned 14 June 2021 Ann Rolfe (Treasurer) Rebecca Slingsby Clare Reeves Judi Cumberland Max Johnstone Alison Hammett Elected 18 January 2021
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## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31ST DECEMBER 2021**
Approved by order of the board of trustees on 15th May 2022 and signed on its behalf by:
C Cashman - Trustee
Page 10
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **Independent examiner's report to the trustees of The Parochial Church Council Of The Ecclesiastical Parish Of St. Mary's Bletchley**
I report to the charity trustees on my examination of the accounts of The Parochial Church Council Of The Ecclesiastical Parish Of St. Mary's Bletchley (the Trust) for the year ended 31st December 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Trust 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 Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of 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 Trust 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.
Annette Watson PhD BSc FCA Institute of Chartered Accountants in England and Wales Parkers Cornelius House 178-180 Church Road Hove East Sussex BN3 2DJ
6th June 2022
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## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2021**
|**2021**
Unrestricted
Restricted
**Total**
funds
funds
**funds**
Notes
£
£
**£**
**INCOME AND ENDOWMENTS FROM**
Donations and legacies
2
**299,910**
**23,091**
**323,001**
**Charitable activities**
General
**14,378**
**60,053**
**74,431**
Other trading activities
3
**1,120**
**-**
**1,120**
Investment income
4
**79**
**-**
**79**
**Total**
**315,487**
**83,144**
**398,631**
**EXPENDITURE ON**
**Charitable activities**
5
General
**333,492**
**77,024**
**410,516**
**NET INCOME/(EXPENDITURE)**
**(18,005)**
**6,120**
**(11,885)**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**257,520**
**233,612**
**491,132**
**TOTAL FUNDS CARRIED FORWARD**
**239,515**
**239,732**
**479,247**|2020
Total
funds
£
371,758
16,899
4,853
285|
|---|---|
||393,795
373,161|
||20,634
470,499|
||491,133|
The notes form part of these financial statements
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## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **BALANCE SHEET 31ST DECEMBER 2021**
|Unrestricted
Restricted
funds
funds
Notes
£
£
**FIXED ASSETS**
Tangible assets
8
**138,363**
**182,411**
**CURRENT ASSETS**
Debtors
9
**8,026**
**-**
Cash at bank and in hand
**117,686**
**57,321**
**125,712**
**57,321**
**CREDITORS**
Amounts falling due within one year
10
**(17,725)**
**-**
**NET CURRENT ASSETS**
**107,987**
**57,321**
**TOTAL ASSETS LESS CURRENT**
**LIABILITIES**
**246,350**
**239,732**
**CREDITORS**
Amounts falling due after more than one
year
11
**(6,835)**
**-**
**NET ASSETS**
**239,515**
**239,732**
**FUNDS**
14
Unrestricted funds
Restricted funds
**TOTAL FUNDS**|**2021**
**Total**
**funds**
**£**
**320,774**
**8,026**
**175,007**
**183,033**
**(17,725)**
**165,308**
**486,082**
**(6,835)**
**479,247**
**239,515**
**239,732**
**479,247**|2020
Total
funds
£
338,038
11,067
180,564
191,631
(23,829)
167,802
505,840
(14,707)
491,133
257,520
233,613
491,133|
|---|---|---|
The financial statements were approved by the Board of Trustees and authorised for issue on 15th May 2022 and were signed on its behalf by:
C Cashman - Trustee
The notes form part of these financial statements
Page 13
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) '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) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention.
The Parochial Church Council (PCC) is a corporate governance body established by the Church of England, formed under the Parochial Church Council (Powers) Measure 1956.
The PCC meets the definition of a Public Benefit Entity under FRS 102.
## **Financial reporting standard 102 - reduced disclosure exemptions**
The charity has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland':
- the requirements of Section 7 Statement of Cash Flows.
## **Funds**
## **Restricted Funds:**
Restricted funds are those funds that can only be spent on restricted purposes and details of the funds held and restrictions provided are shown in the notes to the accounts.
## **Unrestricted Funds:**
Unrestricted funds represent the remaining income funds of the PCC that are available for spending on the general purposes of the PCC, including amounts designated by the PCC for fixed assets for its own use or for spending on a future project, and which are therefore not included in its "free reserves" as disclosed in the Trustees' Report.
## **Recognition of Income:**
- This is recognised in the Statement of Financial Activities (SoFA) when: a) the PCC becomes legally entitled to the benefit of the use of the resources;
- b) the monetary value can be measured reliably; and
- c) receipt is probable, with sufficient certainty of receipt (receipt is more likely than not).
## **Income with Related Expenditure:**
Where incoming resources have related expenditure (as with fundraising income or certain events) the incoming resources and related expenditure are reported gross in the SoFA.
## **Grants, Legacies and Donations:**
Donations, grants and legacies include all income received by the charity that is, in substance, a gift made to it on a voluntary basis and are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable, its ultimate receipt by the PCC is reasonably certain, and when any pre-conditions preventing its use by the PCC have been met. For donations, collections and regular giving, these are accounted for when the funds are received.
## **Tax Reclaims on Donations and Gifts:**
Gift Aid and other tax reclaims are included in the SoFA at the same time as the donations to which they relate.
## **Gifts in Kind:**
Page 14
continued...
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **1. ACCOUNTING POLICIES - continued**
## **Funds**
Gifts in Kind are accounted for at a reasonable estimate of their value at the time of the gift to the PCC, if feasible, or else at the amount actually realised from their disposal.
Gifts in Kind for sale to fund the PCC are included in the accounts at the estimated market value at the date of the gift, if feasible, or else recognised when sold by the PCC.
Gifts in Kind for use by the PCC are included in the SoFA as incoming resources when receivable, and expensed as and when consumed in use. Gifts of fixed assets, if material, are included in the balance sheet at their current value (i.e. the lower of replacement cost and recoverable amount) and expensed over the asset's useful economic life. Other donated goods are measured at their fair value, unless this is impractical to measure reliably.
## **Donated Services and Facilities:**
These are only included in incoming resources (and at the same time in resources expended) at the estimated value to the PCC of the service of facility received, or the amount actually realised.
Volunteer Help: The value of voluntary help received is not included in the accounts but is referred to in the Trustees' Annual Report.
## **Rental Income:**
Rental income from letting of the church, or buildings owned by the PCC, is recognised when the rental is due.
## **Investment Income:**
This is included in the accounts when receivable.
## **Investment Gains and Losses:**
This includes any gain or loss on the sale of investments and any gain or loss resulting from revaluing investments to market value at the end of the year.
## **Expenditure**
## **Liability Recognition:**
Liabilities are recognised as soon as the legal or constructive obligation arises.
## **Activities directly relating to the work of the Church:**
The Diocesan parish share is accounted for when due. Any agreed parish share 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.
## **Other Expenditure:**
Includes the cost of governance arrangements which relate to the general running of the PCC as opposed to the direct management functions inherent in generating funds and the work of the parish. Includes cost of the preparation and examination or audit of statutory accounts, the costs of trustee meetings and costs of any legal or other professional advice to trustees on governance or constitutional matters. Included within this category are any costs associated with the strategic as opposed to day to day management of the PCC's activities.
Page 15
continued...
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **1. ACCOUNTING POLICIES - continued**
## **Tangible fixed assets**
Tangible Fixed Assets for use by the PCC: Expenditure on individual assets costing £1,000 and over, and which can be used for more than one year, has been capitalised and depreciated in the financial statements over their currently anticipated useful economic life on a straight-line basis. Assets are valued at cost or at reasonable value on receipt and an assessment is made at each reporting date as to whether further write down in value is required. All expenditure incurred during the year on individual assets costing less than £1,000 is written off in the year the expenditure occurred. The land and buildings at cost brought forward includes the Church Hall in Church Green Road, Bletchley at a cost of £4,500 which represents the PCC's best estimate of original cost when the building was constructed in 1963. Subsequent improvements are included at cost. St Mary's Community Centre in Warwick Road, Bletchley which was acquired in August 2003 for £250,000 is also included at cost.
## **Consecrated Land, Buildings, and Movable Church Furnishings:**
Consecrated and beneficed property of any kind is excluded from the financial statements by S.10(2)(a) and (c) of the Charities Act 2011.
Movable church furnishings held by the Rector and Church Wardens 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. For inalienable property acquired prior to 1st January 2003 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Expenditure since 1st January 2002 and costing £1,000 and over, has been capitalised and depreciated in the financial statements over the currently anticipated useful economic life on a straight-line basis.
All expenditure incurred in the year on consecrated of beneficed buildings, individual items under £1,000 or on the repair or replacement of movable church furnishings acquired before 1st January 2003 is written off.
## **Buildings, Other Fixtures, Fittings, Equipment and Vehicles:**
Expenditure on buildings owned by the PCC is depreciated on a straight-line basis over 50 years.
Expenditure of £1,000 and over on fixtures, fittings and equipment within the church and other PCC premises and on motor vehicles is depreciated on a straight-line basis over 4 years. In view of their anticipated useful economic life the Howe 40/4 chairs purchased in 2010 are being depreciated on a straight-line basis over 20 years.
## **Taxation**
The charity is exempt from tax on its charitable activities.
## **Fund accounting**
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the trustees.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
## **Going concern**
The accounts have been prepared on a going concern basis. The Trustees believe that this is an appropriate basis of preparation. There are no material uncertainties about the PCC's ability to continue as a going concern.
Page 16
continued...
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **1. ACCOUNTING POLICIES - continued**
## **Basic financial instruments**
A financial instrument is a contract that gives rise to a financial asset of one entity and a financial liability or equity instrument of another entity. All the PCC's financial instruments are within the definition of basic financial instruments per section 11 of FRS 102.
## **Debtors**
Trade and other debtors are recognised at the settlement amount due after any trade discount offered. Prepayments are valued at the amount prepaid net of any trade discounts due.
## **Creditors and provisions**
Creditors and provisions for future liabilities are recognised when the charity has a legal or constructive financial obligation, that can be reliably estimated, and for which there is an expectation that payment will be made.
## **Pensions**
The pension costs charged in the financial statements represent the contributions payable by the company to the defined contribution schemes during the year.
## **Investments**
Investments are valued at market value at the year end.
## **Short-term deposits**
Include cash held on deposit at the bank.
Page 17
continued...
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **2. DONATIONS AND LEGACIES**
||||**2021**|2020|
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|Total|
||**£**|**£**|**£**|£|
|**Donations and legacies:**|||||
|General giving|229,027|-|229,027|233,127|
|Cash collected at services|1,378|-|1,378|3,687|
|Sundry donations|69,505|-|69,505|38,908|
|Legacies|-|-|-|48,899|
||||||
|**Specific donations and appeals:**|||||
|St Joseph's Church|-|11,568|11,568|10,795|
|Church refurbishments|-|-|-|598|
|Rectors|-|637|637|-|
|Belltower|-|80|80|-|
|Community support|-|6,575|6,575|15,735|
|Camera|-|2,229|2,229|-|
|SMCC|-|379|379|-|
|Other projects, activities and appeals|-|1,623|1,623|20,009|
||||||
||299,910|23,091|323,001|371,758|
||||||
||||||
|**Charitable activities:**|||||
|Occasional Office fees|12,352|-|12,352|7,135|
|Events and activities|2,026|-|2,026|2,651|
|Grants|-|60,053|60,053|7,113|
||||||
||14,378|60,053|74,431|16,899|
||||||
||||||
## **3. OTHER TRADING ACTIVITIES**
||||**2021**|**2020**|
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|**Total**|
||**£**|**£**|**£**|**£**|
||||||
|**Other trading activities:**|||||
|Income from buildings|1,090|-|1,090|4,558|
|Minibus hire|30|-|30|295|
||||||
||1,120|**-**|1,120|4,853|
||||||
||||||
||||||
Page 18
continued...
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **4. INVESTMENT INCOME**
||||**2021**|**2020**|
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|**Total**|
||**£**|**£**|**£**|**£**|
|**Investment income:**|||||
|Interest received|79|**-**|79|285|
||||||
||||||
## **5. CHARITABLE ACTIVITIES COSTS**
||||**2021**|**2020**|
|---|---|---|---|---|
||**Unrestricted**|**Restricted**|**Total**|**Total**|
||£|**£**|**£**|**£**|
|**Charitable activities:**|||||
|Grants and donations|31,590|12,353|43,943|36,044|
|Ministry|||||
|- Diocesan Parish share|57,403|-|57,403|77,482|
|- Clergy expenses|6,772|5,073|11,845|10,481|
|- Clergy housing|3,465|-|3,465|2,008|
|Staff costs|132,804|52,053|184,857|141,247|
|Occasional office fees paid to Diocese|8,409|-|8,409|4,687|
|Worship supplies|12,771|-|12,771|3,129|
|Children's and youth|9,396|-|9,396|9,646|
|Pastoral groups|924|-|924|862|
|Evangelism and outreach|649|372|1,021|11,041|
|St Mary's Church and Churchyard|23,463|-|23,463|16,173|
|Community Centre|4,581|-|4,581|10,910|
|Church hall|5,560|-|5,560|6,465|
|Movable furnishings and equipment|959|1,729|2,688|581|
|Cleaning materials|3,895|-|3,895|3,485|
|Bank charges|905|-|905|1,290|
|Church office costs|11,585|-|11,585|13,371|
|Minibus|1,731|-|1,731|1,819|
|Depreciation|13,338|5,444|18,782|19,278|
||||||
||330,200|77,024|407,224|369,999|
||||||
||||||
|**Other expenditure:**|||||
|Independent examination fee|1,890|-|1,890|1,890|
|Professional fees|1,402|-|1,402|1,273|
||||||
||3,292|**-**|3,292|3,163|
||||||
||||||
|**Total**|333,492|77,024|410,516|373,162|
||||||
||||||
||||||
||||||
Page 19
continued...
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **6. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31st December 2021 nor for the year ended 31st December 2020.
## **Trustees' expenses**
||**2021**|**2020**|
|---|---|---|
|Number of trustees who were paid expenses|**-**|-|
|Total amount paid|**-**|-|
The reimbursed costs included payments for travel, telephone, stationery, postage, computer costs, books, publications, office equipment, subscriptions, training, conferences and hospitality.
## **7. STAFF COSTS**
The average monthly number of employees during the year was as follows:
||**2021**|2020|
|---|---|---|
|Church activities|**10**|10|
No employees received emoluments in excess of £60,000.
## **8. TANGIBLE FIXED ASSETS**
|**COST**
At 1st January 2021
Additions
At 31st December 2021
**DEPRECIATION**
At 1st January 2021
Charge for year
At 31st December 2021
**NET BOOK VALUE**
At 31st December 2021
At 31st December 2020|Freehold
property
£
**398,624**
**-**
**398,624**
**99,552**
**5,972**
**105,524**
**293,100**
299,072|Plant and
machinery
£
**5,700**
**-**
**5,700**
**5,700**
**-**
**5,700**
**-**
-|Fixtures
and
fittings
£
**177,775**
**1,518**
**179,293**
**138,809**
**12,810**
**151,619**
**27,674**
38,966|Totals
£
**582,099**
**1,518**|
|---|---|---|---|---|
|||||**583,617**|
|||||**244,061**
**18,782**|
|||||**262,843**|
|||||**320,774**|
|||||338,038|
Page 20
continued...
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2021**
|**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Trade debtors
Other debtors
**10.**
**CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Bank loans and overdrafts (see note 12)
Other creditors
**11.**
**CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR**
Bank loans (see note 12)
**12.**
**LOANS**
An analysis of the maturity of loans is given below:
Amounts falling due within one year on demand:
Bank loans
Amounts falling between one and two years:
Bank loans - 1-2 years
**13.**
**SECURED DEBTS**
The following secured debts are included within creditors:
Bank loans|**2021**
**£**
**-**
**8,026**
**8,026**
**2021**
**£**
**7,693**
**10,032**
**17,725**
**2021**
**£**
**6,835**
**2021**
**£**
**7,693**
**6,835**
**2021**
**£**
**14,528**|2020
£
1,679
9,388|
|---|---|---|
|||11,067|
|||2020
£
7,693
16,136|
|||23,829|
|||2020
£
14,707|
|||2020
£
7,693|
|||14,707|
|||2020
£
22,400|
The freehold of the property in Warwick Road, Bletchley (St Mary's Community Centre) was purchased in August 2003 and under the PCC (Powers) Measure 1956, legal title is held as custodian trustee by the Diocesan (Trustees) Oxford Limited (the required 'Diocesan Authority') on behalf of the PCC, which hold the beneficial interest in the property. The PCC is liable for an outstanding mortgage of £22,400 (2019: £29,956), which is secured on the property, and which is repayable over 20 years from 8 August 2003. Interest is charged at a variable rate and is repayable in monthly instalments of principal and interest.
Page 21
continued...
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **14. MOVEMENT IN FUNDS**
|**MOVEMENT IN FUNDS**||||
|---|---|---|---|
|**Unrestricted funds**
General fund
Designated fund: buildings fabric fund
**Restricted funds**
Buildings: church hall & community
centre
Church hall
Howe chairs
Community Support
Bell tower maintenance
Buildings - St Mary's flag standards
Other projects
Tree seat
St Joseph's Church
Community Outreach Projects
Camera fund
Patio Doors Fund
**TOTAL FUNDS**|At 1/1/21
£
**212,791**
**44,729**
**257,520**
**165,652**
**4,500**
**17,608**
**9,895**
**4,348**
**52**
**3,875**
**2,381**
**21,222**
**4,079**
**-**
**-**
**233,612**
**491,132**|Net
movement
in funds
£
**(21,947)**
**3,942**
**(18,005)**
**(3,398)**
**-**
**(1,951)**
**(1,183)**
**80**
**-**
**1,623**
**(94)**
**5,535**
**8**
**500**
**5,000**
**6,120**
**(11,885)**|At
31/12/21
£
**190,844**
**48,671**|
||||**239,515**
**162,254**
**4,500**
**15,657**
**8,712**
**4,428**
**52**
**5,498**
**2,287**
**26,757**
**4,087**
**500**
**5,000**|
||||**239,732**|
||||**479,247**|
Page 22
continued...
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **14. MOVEMENT IN FUNDS - continued**
Net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Designated fund: buildings fabric fund
**Restricted funds**
Buildings: church hall & community
centre
Howe chairs
Community Support
Bell tower maintenance
Other projects
Tree seat
St Joseph's Church
Rectors
Community Outreach Projects
Camera fund
ODBF Fund
Patio Doors Fund
**TOTAL FUNDS**|Incoming
resources
£
**303,135**
**12,352**
**315,487**
**-**
**-**
**9,575**
**80**
**1,623**
**-**
**11,566**
**638**
**380**
**2,229**
**52,053**
**5,000**
**83,144**
**398,631**|Resources
Movement
expended
in funds
£
£
**(325,082)**
**(21,947)**
**(8,410)**
**3,942**
**(333,492)**
**(18,005)**
**(3,398)**
**(3,398)**
**(1,951)**
**(1,951)**
**(10,758)**
**(1,183)**
**-**
**80**
**-**
**1,623**
**(94)**
**(94)**
**(6,031)**
**5,535**
**(638)**
**-**
**(372)**
**8**
**(1,729)**
**500**
**(52,053)**
**-**
**-**
**5,000**
**(77,024)**
**6,120**
**(410,516)**
**(11,885)**|
|---|---|---|
Page 23
continued...
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **14. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Designated fund: buildings fabric fund
**Restricted funds**
Buildings: church hall & community
centre
Church hall
Howe chairs
Community Support
Fixtures, fittings & equipment
Bell tower maintenance
Buildings - St Mary's flag standards
Other projects
Tree seat
St Joseph's Church
Community Outreach Projects
**TOTAL FUNDS**|At 1/1/20
£
208,122
42,281
250,403
169,050
4,500
19,560
-
1
4,298
52
-
2,664
15,334
4,637
220,096
470,499|Net
movement
in funds
£
4,669
2,448
7,117
(3,398)
-
(1,952)
9,895
-
50
-
3,875
(283)
5,888
(558)
13,517
20,634|At
31/12/20
£
212,791
44,729|
|---|---|---|---|
||||257,520
165,652
4,500
17,608
9,895
1
4,348
52
3,875
2,381
21,222
4,079|
||||233,613|
||||491,133|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Designated fund: buildings fabric fund
**Restricted funds**
Buildings: church hall & community
centre
Howe chairs
Community Support
Bell tower maintenance
Other projects
Tree seat
St Joseph's Church
Community Outreach Projects
**TOTAL FUNDS**|Incoming
resources
£
351,931
7,135
359,066
-
(1)
20,009
50
3,875
-
10,796
-
34,729
393,795|Resources
Movemen
expended
in funds
£
£
(347,262)
4,669
(4,687)
2,448
(351,949)
7,117
(3,398)
(3,398)
(1,951)
(1,952)
(10,114)
9,895
-
50
-
3,875
(283)
(283)
(4,908)
5,888
(558)
(558)
(21,212)
13,517
(373,161)
20,634|Resources
Movemen
expended
in funds
£
£
(347,262)
4,669
(4,687)
2,448
(351,949)
7,117
(3,398)
(3,398)
(1,951)
(1,952)
(10,114)
9,895
-
50
-
3,875
(283)
(283)
(4,908)
5,888
(558)
(558)
(21,212)
13,517
(373,161)
20,634|
|---|---|---|---|
||||7,117
(3,398)
(1,952)
9,895
50
3,875
(283)
5,888
(558)|
||||13,517|
||||20,634|
Page 24
continued...
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31ST DECEMBER 2021**
## **15. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31st December 2021.
## **16. PURPOSE AND RESTRICTIONS OF FUNDS HELD**
During the year the PCC held the following funds:
## **Restricted funds**
**Fund name**
## **Purpose and restrictions**
Building: Church Hall & Community centre Church Hall Howe chairs Church Community Centre Bell tower maintenance St Mary's flag standards Tree seat St Joseph's Church Rectors fund Community Outreach Projects Camera
ODBF Patio doors
Finance the acquisition of Community centre, subsequent building works and Church Hall remodelling Donations towards original construction of Church Hall Donations towards purchase of Howe 40/4 chairs Donations towards Church Community Centre projects Donations to cover expenditure on the bell tower Donations to cover future expenditure Donations for tree seat in churchyard Donations to contribute to the running of the Church. Donations to be used as the Rector sees fit Donations towards the Community Outreach programme Donations towards camera equipment Grant income from the Strategic Development Fund to enable SMB as a Resourcing Church Donations towards new patio doors
## **Unrestricted funds**
**Fund name**
## **Purpose and restrictions**
Building fabric
Building repairs and maintenance
Page 25
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST. MARY'S BLETCHLEY**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2021**
|**INCOME AND ENDOWMENTS**
**Donations and legacies**
Donations
Gift aid
**Other trading activities**
Income from buildings and fund raising
Minibus rental
**Investment income**
Interest receivable - trading
**Charitable activities**
Grants
**Total incoming resources**
**EXPENDITURE**
**Charitable activities**
Wages
Sundries
Depreciation of tangible fixed assets
**Support costs**
**Governance costs**
Accountancy and legal fees
Total resources expended
**Net (expenditure)/income**|2021
£
**272,819**
**50,182**
**323,001**
**1,090**
**30**
**1,120**
**79**
**74,431**
**398,631**
**193,268**
**195,175**
**18,781**
**407,224**
**3,292**
**410,516**
**(11,885)**|2020
£
316,145
55,613|
|---|---|---|
|||371,758
4,558
295|
|||4,853
285
16,899|
|||393,795
145,495
205,226
19,277|
|||369,998
3,163|
|||373,161|
|||20,634|
This page does not form part of the statutory financial statements
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