**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.