PAROCHIAL CHURCH COUNCIL OF ST PAUL'S, WOODFORD BRIDGE, IG8 8BT STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021
| Unrestricted Restricted Endowment Notes Funds Funds Funds £ £ £ Incoming resources Voluntary income 2a 58,939 Activities for generating funds 2b 4,180 Income from investments 2c 32 Church activities 2d 22,281 Other incoming resources 2e 13,180 Playgroup 10 98,612 Total incoming resources Resources expended Costs of generating voluntary income 3a 0 Fund-raising trading costs 3b 0 Church activities 3c 13,540 Ministry Costs 3d 62,643 Playgroup 10 () Total resources expended 76,183 Net incoming/(outgoing) resources gains/losses, inc. Playgroup Gains/(losses) on revaluation of fxed assets Gains/(losses) on investment assets 5 Net movement in funds 6 Total funds brought forward at 1 January 2021 56,163 Total funds carried forward at 31 December 2021 80,176 PLAYGROUP - balance 31/12/21 (1988) |
TOTAL FUND S 2020 68,257 3,500 87 20,300 14,900 107,0 44 0 14,096 80,428 94,52 4 43,092 56,16 3 1,556 |
|---|---|
PAROCHIAL CHURCH COUNCIL OF ST PAUL'S, WOODFORD BRIDGE, IG8 8BT CHARITY COMMISSION REGISTRATION NUMBER: 1128474
BALANCE SHEET AT 31 DECEMBER 2021
| Notes Fixed assets Tangible fxed assets 5 Investments 6 Total fxed assets Current assets Stock Debtors 8 Cash at bank and in hand Covenant account - as above. |
2021 £ 1,130,00 0 0 1,130,00 0 0 49,451 |
2020 £ 1,130,00 0 1,130,0 |
|---|---|---|
| 00 0 33,579 |
| Total assets less current liabilities Creditors: amounts falling due within one year 9 Creditors: amounts falling due after one year 9 Net current fuid assets NET ASSETS Unrestricted Funds, including cash in safe 7 Endowment funds 10 Restricted funds 10 Covenant account - as above. TOTAL HELD AT BANK: Playgroup balance carried forward 31/12/19 |
0 0 30,058 0 667 49,451 80,176 (1988) |
0 0 |
|---|---|---|
| 22,584 667 33,579 56,163 (1,556) |
Approved by the Parochial Church Council on ……………………… and signed on its behalf Revd Ola Franklin,
Chair
PAROCHIAL CHURCH COUNCIL OF ST PAUL'S, WOODFORD BRIDGE, IG8 8BT
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021
| 2 | Incoming resources | TOTAL | FUNDS | ||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Unrestrict | Restricte | Endowme | |||
| ed | d | nt | |||
| Funds | Funds | Funds | |||
| £ | £ | £ | £ |
| a | ||||
|---|---|---|---|---|
| Voluntary income | ||||
| Planned giving | 30,897 | 28,173 | ||
| 1,4 | ||||
| Collections at all services | 86 | 3,108 | ||
| Donations and appeals, incl. charities | 14,414 | 16,448 | ||
| Income tax recoverable | 9,142 | 10,978 | ||
| Grants | 3,000 | 10,100 | ||
| Legacies | nil | |||
58,9 |
||||
| 39 | 68,707 | |||
| b | Activities for generating funds | |||
| Fetes, bazaars and other fund-raising | ||||
| events | 4,180 | 3,500 | ||
| Bookstall sales and magazine adverts | 0 | 0 | ||
| 4,180 | 3,500 | |||
| c | Investment income | |||
| Dividends and interest | 32 | 87 | ||
| 32 | 87 | |||
| d | Income from Church Activities | |||
| Church hall lettings etc | 15,625 | 16,166 | ||
| Occasional Ofces-weddings, | ||||
| funerals,etc | 6,456 | 4,131 | ||
| Textile group / Seniors club | 0 | 3 | ||
| 22,081 | 20,300 | |||
| e | Other incoming resources | |||
| Party deposits | ||||
| received | 0 | 50 | ||
| Insurance claims | nil | 0 | ||
| Rent - School | ||||
| House | 13,180 | 14,400 | ||
| 13,180 | 14,450 | |||
| 134,58 | ||||
| Total incoming resources | 98,612 | 7 | ||
| Other: Fees to Chelmsford Diocesan | ||||
| Board of Finance - wedding/funeral | ||||
| fees | 723 | 856 |
PAROCHIAL CHURCH COUNCIL OF ST PAUL'S, WOODFORD BRIDGE, IG8 8BT
NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021
| 3 | Resources expended | TOTAL | FUNDS | |||||
|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | |||||||
| Unrestrict | Restricte | Endowme | ||||||
| ed | d | nt | ||||||
| Funds | Funds | Funds | ||||||
| £ | £ | £ | £ | |||||
| a | Costs of generating voluntary income | |||||||
| Stewardship costs | ||||||||
| Covenant account | ||||||||
| b | Fund-raising trading costs | |||||||
| Fete costs | ||||||||
| Bookstall | nil | |||||||
| 0 | ||||||||
| c | Church Activities | |||||||
| Missionary and charitable giving: | ||||||||
| Overseas: | ||||||||
| Kenyan Street Children, Utugi Centre | 8,000 | 8,000 | ||||||
| Home: 13 PCC nominated charities | 3,100 | 1,300 | ||||||
| Senior's Social Club | 0 | 0 | ||||||
| Other: | 500 | 425 | ||||||
| Trussell Trust - Redbridge Food Bank | 1,940 | 785 | ||||||
| 13,540 | 10,510 | |||||||
| Ministry costs: | ||||||||
| Diocesan Parish Contribution | 27,600 | 45,708 | ||||||
| other clergy costs | 0 | 339 | ||||||
| Church running expenses | 12,286 | 15,079 | ||||||
| Church maintenance | 642 | 822 | ||||||
| Upkeep of services | 0 | 197 | ||||||
| Upkeep of churchyard | 0 | 875 | ||||||
| Parish magazine | 0 | 212 | ||||||
| Sunday Club / youth work costs | 0 | 0 | ||||||
| Church hall running costs | 17,497 | 14,172 | ||||||
| Bank charges / depreciation | 235 | 349 | ||||||
| Vicarage - utilities and decoration | 0 | 0 | ||||||
| Playgroup | 0 | 2,600 | ||||||
| 251 | ||||||||
| Toilet Costs | 4383 | 7 | ||||||
| IT microphones, etc | 0 | 1069 | ||||||
| Total resources expended | 76,183 | 94,524 | ||||||
| Other- Fees to Chelmsford Diocesan | ||||||||
| Board of Finance - wedding/funeral fees | (723) | 856 |
PAROCHIAL CHURCH COUNCIL OF ST PAUL'S, WOODFORD BRIDGE, IG8 8BT NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021
| 4 | Staf costs | 2021 | 2020 |
|---|---|---|---|
| £ | £ | ||
| a | Wages and salaries | 6,600 | 5,018 |
| playgroup contribution 2019 - | 0 | 1,479 | |
| 6,600 | 6,497 |
During the year the PCC employed a hall cleaner, part time. The wages and social security costs related to the hall cleaner were met by her being included on the Playgroup payroll with the church funds reimbursing part costs to the playgroup account.
Costs (£5018) to the playgroup account, and the Playgroup contributing the remaining £1479 in b lieu of rent.
5 Tangible fixed assets
| Cost or valuation At 1 January 2014 Additions Disposals Revaluation At 31 December 2019 Depreciation At 1 January 2014 Provided in the year Disposals At 31 December 2014 Net book amounts At 31 December 2019 |
Freehold land Church and buildings equipmen t £ £ 1,130,000 1,130,000 1,130,000 |
TOTAL 2020 £ 1,130,00 0 1,130,00 0 1,130,0 |
|---|---|---|
| 00 |
The freehold land and buildings comprise the Church Halls and the School House. For accounting purposes these were revalued in 2005.
6 Investments
£
Market value 31 December 2020
nil
NIL
PAROCHIAL CHURCH COUNCIL OF ST PAUL'S, WOODFORD BRIDGE, IG8 8BT NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021
| 7 Analysis of Net assets by fund Unrestrict ed Restricte d Endowme nt Funds Funds Funds £ £ £ Church assets : insurance valuation hall- 910,000;house- 220,000 1,130,000 Investment fxed assets Current assets 80,176 667 Current liabilities Long term liabilities 1,210,17 6 667 8 Debtors Income tax recoverable (blue envelopes) 2029 Prepayments and accrued income Other debtors (water rate) 20 29 9 Creditors: amounts falling due within one year Deferred income - 2021 wedding fees Accruals for utilities/ other costs - UWDC Dec energy used Other creditors Creditors: amounts falling due after more than one year Wedding deposits for 2022 nil |
Total Funds Comparison 2020 1,130,000 1,130,000 80,843 56,138 1,210,84 3 1,186,138 2657 300 2957 0 0 0 996 0 996 0 0 |
Total Funds Comparison 2020 1,130,000 1,130,000 80,843 56,138 1,210,84 3 1,186,138 2657 300 2957 0 0 0 996 0 996 0 0 |
Total Funds Comparison 2020 1,130,000 1,130,000 80,843 56,138 1,210,84 3 1,186,138 2657 300 2957 0 0 0 996 0 996 0 0 |
Total Funds Comparison 2020 1,130,000 1,130,000 80,843 56,138 1,210,84 3 1,186,138 2657 300 2957 0 0 0 996 0 996 0 0 |
|---|---|---|---|---|
| 2657 300 2957 |
||||
| 0 996 996 |
||||
| 0 0 |
PAROCHIAL CHURCH COUNCIL OF ST PAUL'S, WOODFORD BRIDGE, IG8 8BT NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021
| 1 | |||||||
|---|---|---|---|---|---|---|---|
| 0 | Statement of funds | ||||||
| Bal b/fwd | Income | Expenditure | Transfers, | Bal c/fwd | |||
| 31 Dec | |||||||
| 1 Jan 2021 | other gains | 2021 | |||||
| and losses | |||||||
| Unrestricted | |||||||
| Fund | £ | £ | £ | £ | |||
| Covenant | |||||||
| account | 33,579 | 22,946 | 8,519 | 1445 | 49,451 | ||
| General | |||||||
| accounts | 17,642 | 64,766 | 59,664 | 17,713 | |||
| Desig funds- | |||||||
| a+b+c. | 3676 | 10,900 | 8,000 | 0 | 6576 | ||
| 54,897 | 98,612 | 76,183 | |||||
| cash in | |||||||
| 599 | 31st Dec '19 | safe: | 31st Dec '20 | 870 | |||
| Restricted | |||||||
| Fund | |||||||
| St Paul's | (198 | ||||||
| playgroup | 1,556 | 85,700 | 87,688 | 0 | 8) | ||
| Spire lighting | |||||||
| fund | 0 | ||||||
| Organ/piano | 667 | 1 | 0 | 0 | 667 | ||
| Balancing item: | 0 | ||||||
| Total funds | 56,163 | 80,176 |
Fees to Diocesan Board Finance shown in accounts
The unrestricted fund includes a designated sum of £1459 which the PCC has set aside for the Kenyan Street Children project(a); £568 for the School House(b) and £705 for the halls(c).
The restricted funds comprise the organ / piano fund which is monies dedicated to the maintenance of these assets and other musical provision.