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2021-12-31-accounts

The Parish Church of St Edmund King and Martyr Mansfield Woodhouse

Report and Financial Statements

for the year ended 31 December 2021

The Parish Church of St Edmund King and Martyr

Financial Statemenis for the year ended 31 December 2021

Page

1-3 Trustees’ report 4 Independent Examiners’ report 5 Statement of financial activities 6 Statement of financial position 7-13 Notes to the financial statements

The Parish Church of St Edmund King and Martyr

Trustees’ Annual Report

The trustees present their report and the unaudited financial statements of the charity for the year ended 31 December 2021.

Reference and administrative details

Registered charity name The Parochial Church Council of the Ecclesiastical Parish of St Edmunds Mansfield Woodhouse Charity registration number 1128607 The Housley, Gethin, Chapman and Clay Pit Charity; Charity Number:- 1107036 is also included within the activities of the PCC The Trust for Ecclesiastical Purposes is also included within the activities of the PCC

Principal office Parish Office 1 Welbeck Road Mansfield Woodhouse Nottinghamshire NG19 SJY

Trustees

The Trustees of the Charity are members of the Parochial Church Council. During the year the following served:

Trustees
The Trustees
served:		 of the Charity are members of the Parochial Church Council. During the are members of the Parochial Church Council. During the year the following
The Rev'd.Nicky Carnall Vicar (to. August 2021) Pat Eadson PCC 2021
Colleen Coyle Churchwarden (to April 2021) Carolyn Long PCC 2022
Kathleen Miller Churchwarden Ruth Greaves PCC 2022
Kate Colclough Reader Irene Garratt PCC 2023
AndrewShaw Reader Bill Blagg PCC 2023
Chris Carnal! Reader (to August 2021) Gerald Houldsworth PCC 2023
Paul Smith Vice Chair (to April 2021) David Colclough PCC 2024
Danielle Greaves Deanery Synod Wendy Skelton PCG 2024
Will Betts Treasurer Co-opted
Bernard Ory Trustee Secretary. PCC 2022
Independent Examiner MCABA Limited t/a Mitchells, Chartered Accountants and Registered Auditors
91-97 Saltergate
Chesterfield
Derbyshire
$40 1LA
Bankers National Westminster Bank
9 Church Street
Mansfield
Nottinghamshire
NG181HP

Page 1

The Parish Church of St Edmund King and Martyr

Trustees’ Annual Report

Structure, governance and management

The Charity is governed by the Parochial Church Council Powers Measure (1956) as amended and Church Representation Ruies.

Elected members normally serve for a period of three years and may immediately be re-elected for a further term of three years.

The Housley Gethin, Chapman and Clay Pit Charities were consolidated into a single charity by the Charity Commission on 15 November 2004. The original charities arose out of assets which were willed to St Edmund's Church for specific reasons again broadly covered by the same objects of the PCC charity. The Trustees of this charity were originally the Vicar and Church Wardens of the PCC, but in 2004 this was changed and members of the PCC, whether elected or otherwise, are by virtue of that office, Trustees of the Consolidated Trust Funds.

From a governance point of view, the Consolidated Trust Fund Trustees hold separate meetings as and when required with an AGM in February each year.

Objectives and activities

The objectives of the Charity are the advancement of the religious and other charitable work of The Church of England in the Ecclesiastical Parish of St Edmund King and Martyr, Mansfield Woodhouse, and are achieved by the various activities referred to below.

Volunteers

The charity is grateful for the unstinting efforts. of all its volunteers who are involved in any service including the provision of charity shop, social committees and fund-raising and the Foodbank operating from the Stable Centre and other locations. The Trustees particularly wish to. thank all those involved in the rebuilding of activities following the disruption caused by the Covid Pandemic and its associated restrictions, without whom, some may have been lost altogether.

Public Benefit

The trustees confirm that they have complied with the requirement in the Charities Act 2011 with regard to Public Benefit.

Safeguarding

The PGC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have regard to House of Bishops’ guidance on safeguarding children and vulnerable adults). The Church of England safequarding policy was re-adopted in November when a new Safeguarding Officer was appointed. Up-to-date safeguarding posters are on display.

Financial review

The Covid-19 pandemic has had a major impact on all aspect of the Charity’s. activities during 2020 and 2021, not least its financial activities. Whilst direct planned giving contributions have held up reasonably well, plate collections and other social events have declined. 2021 saw a slow rebuilding process begin but was hindered in the early days by changing Covid rules. Hopefully the final lifting of restrictions in the new year will allow things to get back to at least to previous levels..

The Turner Memorial Hall toilet facilities have been in need of improvement for years now and in 2021 the Trustees obtained permission from the Charity Commission to sell £50,000.00 worth of stock in order to fund this work which is scheduled to take place in 2022. In the meantime the Turner Hall kitchen has been refurbished at a cost of £4,500.00.

The Cottage 1a Welbeck Road has been vacant since August 2021 when the Tenant vacated. Renovation work spanning late 2021/early 2022 costing some £10,000.00 are nearly ready for the property to be reoccupied.

The Partnershop Charity Shop was closed between March 2020 and August 2021. The opportunity was taken to carry out some improvements and remedial work prior to re-opening in August.. Pro rata income for the second half of the year were broadly on a par with previous years trading figures. However, overall the shop made an operating loss of 27,820.00. Leaving an ongoing cumulative surplus of £ 23,123.00. Other restricted funds activity’s during the year was practically nil. Reduced Quota of £32,000.00. Was paid in full and following a general request from the Diocese, the Trustees felt able to make an additional payment of £8,000.00 for 2021.

Page 2

The Parish Church of St Edmund King and Martyr

Trustees’ Annual Report

Reserves

The accumulated surplus of unrestricted funds continues to be held for further anticipated calls on the resources of the Charity both generally and in respect of the maintenance of the Church and its historical contents.

£40,786 was withdrawn from Trust Funds to ensure all other financial commitments were met including the Insurance Premiums for St Edmund’s and St Chad’s. Trustees are mindful that this represents a not inconsiderable demand to meet the main everyday expenses of the Church, a situation which needs to be kept under constant review and was one of the reasons for the aforesaid decision to apply for permission to sell stock.

Summary of main achievements

Covid-19 rules and regulations. made it extremely difficult to continue operation during 2021.

Whilst it was. possible to hold some actual services in St Edmund’s and St Chad’s when restrictions were relaxed, for the most part online services became the norm.

No major repair or renovation work has been carried out to church buildings.

Peafield Church ceased to operate following the retirement of the leaders after many years of faithful service. There was. no-one with the skills and calling available to step up.

The. Foodbank has continued to operate during 2020 & 2021 with increased funding of support from the public during the year. The number of users has however reduced, possibly due to the availability of other support during the pandemic. The Foodbank is operated entirely by volunteers and the question of the Foodbank obtaining its own charitable status is being investigated.

In July 2021 the Vicar unexpectedly signalled her intention to retire at the end of August. This coupled with the loss of its one long standing Church Warden left the parish in a perilous position. The parish were fortunate that a replacement warden had been found at it’s previous AGM and not withstanding her previous inexperience in such a role she has been able to steer the parish through this period. Never the less we are still without a Vicar and our thanks go to everyone who has stepped up to maintain service provision throughout this period.

Approved by the Board of Trustees on »....4./stSARL 23224" £°.4«. an dd ss i gned on their behalf by

K A Miller Churchwarden

Page 3

Independent Examiners’ Report to the Trustees of

The Parish Church of St Edmund King and Martyr

1 report to the charity trustees on my examination of the accounts of the charity for the year ended 31st December 2021, which are set out on pages5 to 13.

Responsibilities and basis of report

As the charity's trustees you are responsible for the preparation of the accounts in accordance. with the requirements of the Charities Act 2011 (the Act).

| report in respect of my examination of the charity's accounts carried out under section 145 of the 2011 Act and in carrying out my examination | have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

independent examiners’ statement

Since the charity's gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. | confirm that | am qualified to undertake the examination because | am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

| have completed my examination. | 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:

| have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report inorder to enable a proper understanding of the accounts to be reached.

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T G Leeman BA FCA MCABA Limited t/a Mitchells, Chartered Accountants and Registered Auditors 91-97 Saltergate Chesterfield Derbyshire S40 1LA

Date: 20 Aer\ 2VVV

Page 4

The Parish Church of St Edmund King and Martyr

Statement of Financial Activities

for the year ended 31 December 2021

Note 2021 2021 2021 2021 2020
Unrestricted Restricted Endowment Total Total
Funds Funds Funds
£ £ £ £ £
Incoming resources
Incoming resources from generated funds 2a 39,322 358 - 39,680 37,448
Voluntary income 2b 514 90,178 - 90,692 146,787
Incoming resources from charitable activities 2c 40,579 - “ 40,579 43,659
Activities for generating funds 2d 28,980 16,140 - 45,120 22,732
Investment and other income 2e 12,392 38,208 4 50,604 86,178
Total incoming resources 121,787 144,884 4 266,675 336,804
Resourcesexpended
Grants 3a 4,449 2,000 - 6,449 1,988
Activities directly related to. the work of
the Church 3b 152,731 113,904 - 266,635 279,967
Church management and administration 3c 8,639 763 - 9,402 10,231
Total resources expenses 165,819 116,667 “ 282,486 292,186
Net incoming (outgoing) resources (44,032) 28,217 4 (15,811) 44,618
before transfers
Transfer between funds 40,000 (40,000) - - -
Net incoming (outgoing) resources before (4,032) (11,783) 4 (15,811) 44,618
other recognised gains and losses
Gains and losses on tangible fixed assets
on disposal (410) - - (410) -
Gains and losses on investments
on revaluation and disposal 10,007 182,644 1,009 193,660 81,942
Net movement in funds 5,565 170,861 1,013 177,439 126,560
Fund balances b/f at 1 January 2021 181,335 1,461,915 15,195 1,658,445 1,531,885
Fundbalancesc/fat31December2021 186,900 1,632,776 16,208 1,835,884 1,658,445

The Statement of Financial Activities includes all gains and losses recognised in the year. All income and expenditure derive from continuing activities.

The notes on pages 7 to 13 form part of these financial statements

Page 5

The Parish Church of St Edmund King and Martyr

Statement of Financial Position

as at 31 December 2021

Note 2021 2021 2021 2021 2020
Unrestricted Restricted Endowment Total Total
Funds Funds Funds
£ £ £ £ £
Fixed Assets
Tangible fixed assets 6 10,808 202 - 11,010 12,783
investment property 7 90,000 - - 90,000 80,000
Investments 7a - 1,459,387 8,056 1,467,443 1,283,791
100,808. 1,459,589 8,056 1,568,453 1,376,574
Current Assets
Stock 400 8,673 - 9,073 18,330
Debtors 8 6,338 1,150 - 7,488 8,411
Investments 7b 205 - - 205 198
Cash at bank and in hand 9 83,391 163,364 8,152 254,907 258,448
90,334 173,187 8,152 271,673 285,387
Creditors: amounts falling duewithin
one year 10 4,242 - ~ 4,242 3,516
Net Current Assets 86,092 173,187 8,152 267,431 281,871
Net Assets 186,900 1,632,776 16,208 1,835,884 1,658,445
Represented by:
Funds
Unrestricted funds 186,900 - ~ 186,900 181,335
Restricted funds 11 - 1,632,776 - 1,632,776 1,461,915
Endowmentfunds - - 16,208 16,208 15,195
186,900 1,632,776 16,208 1,835,884 1,658,445

The trustees are satisfied that the charity is exempt from audit and:

i) are satisfied that the charity was entitled to the exemption and no trustee has requested an audit, and

ii) acknowledge their responsibility for: accounting records, and preparing accounts which showa true and fair view. Approved by the Board of Trustees on SARE.La Carr . and signed on their behalf by:

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K AMiller ee
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Churchwarden

The-notes on pages 7 to 13 form part of these financial statements

Page 6

The Parish Church of St Edmund King and Martyr

Notes to the Financial Statements

for the year ended 31 December 2021

General information

The charity is a registered charity in England and Wales and is unincorporated. The address of the principal office is. 1 Welbeck Road, Mansfield Woodhouse, Nottinghamshire.

Statement of compliance

These financial statemenis have been prepared in compliance with FRS 102, ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’, the 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 (FRS102) (Charities SORP (FRS102)) and the Charities Act 2011.

The Parish Church of St Edmund King and Martyr meets the definition of a public benefit entity under FRS 102.

The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through income or expenditure.

The financial statements are prepared in sterling, which is the functional currency of the entity.

There are no material uncertainties about the charity's ability to continue.

c) Incoming resources All incoming resources are included when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.

Voluntary income

Where goods and services are provided to the charity as a donation that would normally be purchased from suppliers, this contribution is included in the financial statements at a reasonable estimate of the fair value of the goods and services donated.

Goods donated and held as stock for distribution by the charity, including food items donated to foodbanks, are recognised as incoming resources within voluntary income.

Incoming resources from generated funds

Collections and sundry donations are recognised when received by the PCC

Incoming resources from charitable activities

Rental income is recognised in the period to which they relate.

Fees. are recognised when they are receivable by the PCC.

Activities for generating funds

Stable Centre and Partnershop income is accounted for when received.

Investment income

Investment income is accounted for when received.

All expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all costs related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with use of the resources.

Page 7

The Parish Church of St Edmund King and Martyr

Notes to the Financial Statements

for the year ended 31 December 2021

When distributed, donated goods are disclosed within resources expended in the Statement Of Financial Activates at their estimated fair value.

Fixtures, fittings and furnishings

15% reducing balance

h) Government grants Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the granis will be received. Government grants. are recognised using the accrual model.

j) Liability recognition Liabilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.

Page 8

The Parish Church of St Edmund King and Martyr

Notes to the Financial Statements

for the year ended 31 December 2021

2 Incoming resources 2021 2021 2021 2021 2020
Unrestricted Restricted Endowment Total Total
Funds Funds Funds
£ £ £ £ £
2a_ Incoming resourcesfrom generated funds
Planned giving 32,362 - - 32,362 31,209
Collections 2,926 - - 2,926 2,964
Sundry donations 4,034 358 - 4,392 3,275
39,322 358 - 39,680 37,448
2b Voluntary income
Foodbank grants and donations - 89,584 - 89,584 145,884
Other income 514 594 - 1,108 903
514 90,178 - 90,692 146,787
2c Incoming resources from charitable activities
Marriage, Funeral and Thanks Giving 25,183 - - 25,183 28,352
fees received
Rental income from 122 Vale Road 5,100 - - 5,100 5,100
Church Hall 10,296 - - 10,296 10,207
40,579 - - 40,579 43,659
2d_ Activities for generating funds
Parish magazines 387 - - 387 1,070
Stable Centre 28,530 - - 28,530 13,380
Fund raising 63 - - 63 40
Partnershop - 16,140 - 16,140 8,242
28,980 16,140 - 45,120 22,732
2e Investment and other income
Investment income 10 37,274 4 37,288 43,453
Coronavirus support grants - 934 - 934 13,156
Coronavirus job retention scheme grants 12,382 - - 12,382 29,569
Insurance claim - - - - -
12,392 38,208 4 50,604 86,178
Totalincomingresources 121,787 144,884 4 266,675 336,804

Page. 9

The Parish Church of St Edmund King and Martyr

Notes to the Financial Statements

for the year ended 31 December 2021

3 Resources expended 2021 2021 2021 2021 2020
Unrestricted Restricted Endowment Total Total
Funds Funds Funds
£ £ £ £ £
3a Grants
Charities and donations 4,449 2,000 - 6,449 1,988
4,449 2,000 - 6,449 1,988
3b Activities directly related to thework of the Church
Diocesan parish share paid and other activities 46,369 - - 46,369 62,425
Clergy expenses 504 - - 504 637
Reni, rates, insurance, light, heat and cleaning 18,487 4,181 - 22,668 24,484
Repairs 10,922 10,955 - 21,877 9,248
Salaries, wages and honoraria 62,099 10,676 - 72,775 89,316
Upkeep of services 1,275 - - 1,275 1,270
Stock purchases 9,976 - - 9,976 5,043
Stock donations - 83,790 - 83,790 81,368
Storage cosis - 2,784 - 2,784 1,754
Travel cosis 144 1,253 1,397 1,754
Sundries 1,048 229 - 1,277 2,156
Bad debts - - - - -
Depreciation 1,907 36 - 1,943 2,266
152,731 113,904 - 266,635 281,721
3c Church management and administration
Telephone 1,976 611 - 2,587 1,842
Printing, stationery and subscriptions 2,825 152 - 2,977 3,668
Bank charges 238 - - 238 229
Professional fees 3,600 - - 3,600 4,492
8,639 763 - 9,402 10,231
Total resources expended 165,819 116,667 - 282,486 293,940
4 Staff costs 2021 2020
Total Total
£ £
Wages and salaries 71,237 87,670
Social security costs 1,445 1,484
Pension costs 93 162
72,775 89,316

No individual employee earned over £60,000 in the year (2020: none). The average number of employees during the year was 8 (2020: 8).

5 Accountancy fees 2021 2020
£ £
Accountancy and other services 3,480 3,210
3,480 3,210

Page 10

The Parish Church of St Edmund King and Martyr

Notes to the Financial Statements

for the year ended 31 December 2021

6 Tangible fixed assets Fixtures, Total
fittingsand
furnishings
£ £
Cost or valuation
At 1 January 2021 80,189 80,189
Additions 580 580
Disposals { 1,002) ( 1,002)
At 31 December 2021 79,767 79,767
Depreciation
At 1 January 2021 67,406 67,406
Charge for the year 1,943 1,943
On disposal ( 592) { 592)
At 31 December 2021 68,757 68,757
Net book values
At 31 December 2021 11,010 11,010
At 31 December 2020 12,783 12,783
7 Fixed asset investment property Investment Total
property
£ £
Cost or valuation
At 1 January 2021 80,000 80,000
Additions - -
Disposals - -
Revaluation 10,000 10,000
At 31 December 2021 90,000 90,000
Depreciation
At 1 January 2021 - -
Charge for the year - -
On disposal - -
At 31 December 2021 : -
Net book values
At 31 December 2021 90,000 90,000
At 31 December 2020 80,000 80,000
The investment property has been valued bythe trustees. This valuation has been based on similar properties
sold previously and is considered to be appropriate.
7a Fixed asset investments 2021 2021 2020 2020
Cost Valuation Cost Valuation
£ £ £ £
58,846.75 CBF Investment Fund units Unknown 1,378,079 Unknown 1,205,611
3,816.03 CBF Investment Fund units 42,027 89,364 42,027 78,180
1,467,443 1,283,791
Carrying (market) value at beginning of year 1,283,791
Additions -
Disposals -
Net gain on revaluation in year 183,652
Carrying(market)valueatendofyear Page11 1,467,443

Page 11

The Parish Church of St Edmund King and Martyr

Notes to the Financial Statements

for the year ended 31 December 2021

7b Current asset investments

Current asset investments
2021 2020
83 Santander shares (previously Alliance & Leicester ple) 205 198
Carrying (market) value at beginning of year 198
Net profit on revaluation in year 7
Carrying (market) value at end of year 205
Debtors 2021 2019
£ £
Debtors 7,488 8,411
8 Debtors 2021 2019
£ £
Debtors 7,488 8,411
9 Cash at bank and in hand 2021 2020
£ £
Current accounts 126,252 134,306
Deposit accounts 122,858 118,541
Cash in hand 5,797 5,601
254,907 258,448
10 Creditors: amounts falling due within one year 2021 2020
£ £
Accruals 4,242 3,516
4,242 3,516

10 Creditors: amounts falling due within one year

11 Funds

b) The restricted funds balance at 31 December 2021 was made up as follows: 2021 2020
£ £
Partnershop 23,123 30,943
Clock Fund 19 169
St Chad's Appeal Fund 5,014 4,655
Community Market 1,675 1,694
F2 appeal 7,636 8,770
Turner Hall Refurbishment Fund 8,614 8,614
Youth Worker 800 800
Turner Hall Events Fund 4 4
St Edmunds Church Bells Fund 1,431 1,431
The Housley, Gethin, Chapman and Clay Pit Lands Charities 1,521,183 1,341,265
Foodbank 63,277 63,570
1,632,776 1,461,915

If donations are made for a specific purpose these are held as restricted funds as the proceeds are only used for the purpose specified.

Page 12

The Parish Church of St Edmund King and Martyr

Notes to the financial statements

for the year ended 31 December 2021

11. Funds (Continued)

The following table describes the purpose of each fund.

Purpose These funds are generated by the charity shop and are used for the purpose of running the shop with any surplus funds being used to make grants to deserving causes.

These funds are used for the renovation of St Chad's church. These funds are for the purpose of renovating the church clock. These funds are for the purpose of running the community markets. These funds are for the continued upkeep of the community orchard. These funds are to facilitate the organisation of events where prior expenditure is required.

These funds have been donated for the purpose of future refurbishment costs of the Turner Hall. These funds contain donations towards the cost of employing someone to work in the community with a view to encouraging children and families to become active members of the Ghurch. A fund to provide for the repair and maintenance of the church bells in St Edmunds Church. Sherwood Forest Foodbank provides emergency food for local people in crisis. These funds are to meet the costs of administering the charity including the managing of the buildings, together with costs in furthering the object of the charity.

Of the unrestricted funds held at the year end, some of these are designated for specific purposes and projects. There are no restrictions placed upon the remaining balance of these funds and they can be used however the trustees consider appropriate.

12 Trustees

During the year some of the Trustees were remunerated, as follows:

£
C Coyle - Secretary 4,132
AShaw - Partnershop manager 1,950
K Colclough - reader 2,547
C Carnall - reader 499
D Colclough - Churchwarden 250
R Greaves - Cleansing 1,019
Three trustees were also reimbursed a total amount of £280 in relation to travelling and administration
expenses.

13 Controlling party

The PGC is under the control of the trustees.

Page. 13