2021-12-31-accounts - The Parochial Church Council For The Ecclesiastical Parish Of St Mark's, Broomhill, Sheffield

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Sheffield St. Mark Broomhill

(Registered charity number 1128758)

Financial Statements

of the Parochial Church Council of The Ecclesiastical Parish of St Mark’s Broomhill, Sheffield for the year ended 31 December 2021

Incumbent:

Revd Sue Hammersley

Honorary Treasurer: Mr David Armstrong

Bank: HSBC Bank plc Broomhill

Independent Examiner:

Julie Holderness Roddis Taylor Robinson Chartered Accountants

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Sheffield St Mark Broomhill Annual Financial Report of the Parochial Church Council for the year ended 31 December 2021

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Sheffield St Mark Broomhill Annual Financial Report of the Parochial Church Council for the year ended 31 December 2021

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Sheffield St Mark Broomhill

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Annual Financial Report of the Parochial Church Council for the year ended 31 December 2021

Financial Review (from the 2021 Financial Statements)

Financial summary

£4,268 General fund

In 2021 the General fund ran a surplus as shown above. This is a significant change from the last couple of years and is mainly a result of reduced staffing expenditure despite reducing regular income.

Income was significantly lower than budget. This was mainly due to fewer regular donors.

Expenditure was also significantly lower than budget. The largest savings were staff costs due to vacancies.

Significant financial events of the year

During the year the following highlights are worthy of note:

There were major changes in the church office that had financial consequences for only 2021. Sarah Rouseau resigned early in the year. Jane Padget provided significant administrative support before Zoe Varcoe was appointed as Operations Coordinator in October. The financial impact was a significant reduction in the cost of adminstrative support for 2021. - The rationalisation of the investments has resulted in significantly increased income approx £5,000 per annum increase. - A dedicated bank card reader was purchased towards the end of 2021. This makes donations by card or phone far simpler. This has been very useful especially with Covid restrictions. - More use has been made of web giving during 2021. This has been especially useful for donations from funerals and memorial services.
We have started to issue invoices for room hire and funerals to help to better keep track of outstanding income. - The deficits on Designated and Restricted funds are caused by spending of Designated Legacy funds and Restricted and Designated CRC funds.

Trends

The main trend during 2021 has been a reduction in given income A stewardship campaign was started topwards the end of 2021 with a view to trying to reverse this trend.

Budget differences

All mentioned above

Associate Vicar and Liberal Theologian

Sarah Colver held the post of Associate Vicar until 2020. When the PCC considered how this role should be filled it was decided to use the funds partly to fund the lay Family Worker role from general funds and partly a new part time (0.4) clerical role of Liberal Theologian. Beth Keith was appointed to this role in 2021. Within these accounts, to allow comparison with last year, in most places the term Associate Vicar is used for both roles. In the budget section just the term Liberal Theologian is used.

David Armstrong, PCC Honorary Treasurer February 2022

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St Mark's PCC Accounts														Final v3.0	Final v3.0
For the year ended 31 December 2021
Annual Financial Report Summary
General fund only													Movement
		2021	2020	2019	2018	2017	2016	2015	2014	2013	2012	2021 - 2020			%
General Fund Income		218,056	225,271	244,542	229,617	231,809	220,363	224,170	227,097	225,268	209,521		-	7,215 -	-3%
General Fund Expenditure		213,788	219,664	245,685	231,163	226,479	211,418	202,492	211,545	222,391	208,993		-	5,876 -	-3%

Surplus / (Defit)		4,268	5,607	-1,143	-1,546	5,330	8,945	21,678	15,552	2,877	528			-1,339
Income details
Voluntary Income	2.a	188,965	198,611	211,209	198,373	202,933	191,098	205,655	202,464	205,036	191,880		-	9,646 -	-5%
Fund raising activities	2.b	10,525	10,245	10,360	10,687	10,418	10,704	530	7,330	195	848			280	3%
Church Activities	2.d	8,561	9,179	17,265	19,116	17,429	17,694	16,982	16,336	19,086	15,846		-	618 -	-7%
Divs/Interest	2.c	10,005	7,236	5,708	1,441	1,029	867	1,003	967	951	947			2,769	38%
		218,056	225,271	244,542	229,617	231,809	220,363	224,170	227,097	225,268	209,521			-7,215
Expenditure details
Outreach	5.a	22,439	22,107	23,474	23,385									332	2%
Diocese Outreach Diocese Incumbent	5.b	18,913 70,000	17,168 70,000	19,351 70,000	17,170 70,000									1,745 -	10% 0%
Staff costs	5.c	51,698	37,123	35,435	32,675									14,575	39%
Clergy costs	5.d	14,186	39,075	47,788	46,887								-	24,889 -	-64%
Bills	5.e	16,229	16,112	26,791	16,476									117	1%
Running costs	5.f	16,248	13,045	17,809	18,259									3,203	25%
Other ministry	5.g	525	964	1,345	1,284								-	439 -	-46%
Sundries	5.h	3,550	4,070	3,692	5,027								-	520 -	-13%
		213,788	219,664	245,685	231,163									-5,876

Unrestricted Cash & Reserves
General Reserves (Bank & deposit)		118,106	87,177	189,760	331,915	291,970	202,550	54,605	36,463	30,935	25,110			30,929	35%
Other reserves and accounts		175,336	166,343	166,318										8,993	5%
Unrestricted Fabric Reserves		11,476	10,732	34,293	34,056	36,807	42,177	46,297	43,749	41,539	42,740			744	7%
		304,918	264,252	390,371	365,971	328,777	244,727	100,902	80,212	72,474	67,850			40,666	10%
Investments & Reserves General Investments General Reserves Fabric Reserves Other Reserves		328,793 118,106 902 8,824	204,933 110,969 179 105,352										-	123,860 7,137 723 96,529 -	60% 6% 404% -92%
		456,625	421,434											35,191	8%

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2021
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Income Expenditure
0% 2%
Outreach
5% 4% [4%] 8% 10% Diocese Outreach
7% 9% Diocese Incumbent
Voluntary Income
7% Staff costs
Fund raising activities
) Ve Church Activities | a r Clergy costs
Bills
Divs/Interest
24% 33% Running costs
87% Other ministry
@ | a Sundries
Historic trend
Income & Expenditure
300,000
250,000
200,000
150,000
100,000
50,000
0
2021 2020 2019 2018 2017 2016 2015 2014 2013 2012
General Fund Income General Fund Expenditure
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General Designated Restricted Endowment TOTALS
Current Account HSBC Curr St Marks Church Hall CCLA Eth
£ 30,996.33 £ 67,158.69
PCC £ 12,420.00 Diocese £ 2,010.00
Elliot Bequest CCLA Inv
£ 6,277.14
Diocese £ 190.00
Friends of St Marks CCLA Inv
£ 16,316.47
Diocese £ 490.00
Kelk Bequest CCLA Inv
£ 2,268.51
PCC £ 70.00
General Investment CCLA Eth Berry Bequest CCLA Inv
£ 166,512.14 £ 15,294.90
PCC £ 5,000.00 PCC £ 460.00
Savings Account HSBC Dep CRC Susp (Des&Res) HSBC Dep Hospitailty HSBC Dep
£ 76,474.02 CRC £ 3,686.54 Hosp £ 1,627.37
PCC £ - PCC £ - PCC £ -
Conatains a mixture
of allocated and 2018 Legacies CCLA Dep Youth HSBC Dep
unallocated funds £ 5,000.00 Youth £ 1,786.82
PCC £ 30.00 PCC £ -
Social Fund HSBC Dep
Soc £ 1,526.75
PCC £ -
TOTAL £ 107,470.35 TOTAL £ 175,198.68 TOTAL £ 4,940.94 TOTAL £ 107,315.71 £ 394,925.68
Mainland / Stamper CCLA Inv
£ 60,678.90
PCC £ 1,820.00
Mainland / Stamper CCLA Dep
£ 136.71
PCC £ -
TOTAL £ - TOTAL £ 60,815.61 TOTAL £ - TOTAL £ - £ 60,815.61
Home from Home
£ 64,207.00
PCC £ 4,200.00
Credit Union Credit Union
99001 £ 10,552.68
PCC £ -
TOTAL £ - TOTAL £ 74,759.68 TOTAL £ - TOTAL £ - £ 74,759.68
Fabric Inv (Des) CCLA Eth Fabric Inv (Res) CCLA Eth
£ 26,821.58 £ 39,551.36
PCC £ 800.00 PCC £ 1,190.00
Fabric Inv (Des) CCLA Dep Fabric Inv (Res) CCLA Dep
£ 902.22 £ 1,330.39
PCC £ - PCC £ 10.00
General
Special
Social
Fabric
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St Mark's PCC Accounts For the year ended 31 December 2021 Budget Compare - GENERAL FUND ONLY

St Mark's PCC Accounts For the year ended 31 December 2021 Budget Compare - GENERAL FUND ONLY		Final v3.0
Income Donated income	2021 Budget 2021 Actual	Difference %age
Planned giving Income Tax recovered Collections at all services	160,000 147,416 39,360 35,187 4,500 2,751	12,584 - -8% 4,173 - -11% 1,749 - -39%
Sundry Donations Activities for generating funds	2,557 3,608	1,051 41%
Car park	12,000 10,525	1,475 - -12%
Income from investments Other Income	3,296 5,804	2,508 76%
Church and room hire PV Panel feed in tarif	4,840 3,776 3,800 3,116	1,064 - -22% 684 - -18%
Fees	900 1,639	739 82%
Magazine	500 30	470 - -94%
Home from Home income TOTAL Expenditure Donations International Donations	6,900 4,200 238,653 218,052 11,220 11,220	2,700 - 20,601 - - 0%
Home Donations	11,220 11,220	0 0%
Soup Run CTBB grant	- -	- -
Ministry Diocesan Common Fund	88,913 88,913	- 0%
Vicarage Water / Sewage Charges	740 759	19 3%
Vicar's discretionary fund	- -	-
Vicars expenses	2,500 1,207	1,293 - -52%
Liberal Theologian - expenses	900 2,513	1,613 179%
Liberal Theologian - house rent Liberal Theologian - stipend etc Water / Sewage and alarm maintenance Curate costs Assistant Priest Expenses Visiting clergy and speakers Children and Youth work Lay training and visits Student and Young Adult work	5,022 2,574 11,124 6,674 477 49 250 171 410 239 100 - 750 525 500 - 500 -	2,448 - -49% 4,450 - -40% 428 - -90% 79 - -32% 171 - -42% 100 - -100% 225 - -30% 500 - -100% 500 - -100%
Pastoral Expenses Church conference/Parish weekend	- - - -	- -
Running Costs Gas Electricity Water & Sewage Church repairs and maintenance Post & Printing Printing / Copyright Licences	1,440 796 12,000 7,960 770 506 5,639 5,633 1,600 907 1,251 666	644 - -45% 4,040 - -34% 264 - -34% 6 - 0% 693 - -43% 585 - -47%
IT Support Telephones & Broadband	863 1,530 899 1,397	667 77% 498 55%
Copier	900 889	12 - -1%
Grounds sundry expenses	1,360 2,714	1,354 100%
Waste collection Insurance Premium	404 268 5,349 5,302	136 - -34% 47 - -1%
Cleaning	6,900 6,979	79 1%
Caretaker	7,600 6,838	762 - -10%
Family Worker	16,600 16,990	390 2%
Administrator Services Director of Music (Payroll etc) Organ / Piano Tuning and Repair Music Expenses Organist / Organ Practice Fees Sanctuary expenses Library books & Cards Accounting Costs Sundry expenses	18,000 13,015 8,260 8,113 1,250 375 449 289 750 400 680 479 75 47 1,222 1,182 1,000 559	4,985 - -28% 147 - -2% 875 - -70% 161 - -36% 350 - -47% 201 - -30% 28 - -38% 40 - -3% 441 - -44%
Trips and Events	- -	-
Home from Home expenses	750 274	476 - -64%
Depreciation Lift Maintenance	855 856 505 706	1 0% 201 40%
Burglar Alarm maintenance PAT Testing	181 179 161 160	2 - -1% 0 - 0%
Fire Alarm maintenance	337 346	9 3%
Boiler maintenance	141 110	31 - -22%
Fire extinguisher maintenance Payroll Bureau Charges Special Expenditure	307 307 515 526 427	0 0% 11 2% 427
	233,640 213,787	20,280 -

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Sheffield St. Mark Broomhill

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Statement of Financial Activities For the year ended 31 December 2021 Note Income and Endowments Voluntary income 2.a Activities for generating funds 2.b Income from investments 2.c Church activities 2.d Total Income Expenditure Church Activities 3.a Raising funds 3.b Total Expenditure Net Income/(Expenditure) Before Investment Gains/(Losses) Net Gains and Losses on Investments Net Income /(Expenditure) Transfers Between Funds Transfer to Fabric Investment Transfer of Mainland Deposit Transfer of Mainland Investment Net Movement in Funds Balances Brought Forward at 1 January 2021 (2020) Balances Carried Forward at 31 December 2021 (2020)	Unrestricted Funds General Designated £ £ 188,965 1,000 10,525 - 10,005 2,293 8,561 - 218,056 3,293 213,788 33,139 - - 213,788 33,139 4,268 (29,846) - 21,342 4,268 (8,504) - - - - - - 4,268 (8,504) 45,305 512,106 49,573 503,602	Restricted Funds £ 1,395 - 1,995 185 3,575 11,507 - 11,507 (7,932) 4,707 (3,225) - - - (3,225) 144,323 141,098 2021	Endowment Funds £ - - - - - - - - - 19,122 19,122 - - - 19,122 137,045 156,167	Total Funds 2021 £ 191,360 10,525 14,293 8,746 224,924 258,434 - 258,434 (33,510) 45,171 11,661 - - - 11,661 838,779 850,440	Unrestricted Funds General Designated £ £ 198,611 4,000 10,245 - 7,236 1,655 9,179 - 225,271 5,655 219,664 57,061 - - 219,664 57,061 5,607 (51,406) - 4,303 5,607 (47,103) - - - - - - 5,607 (47,103) 39,698 559,209 45,305 512,106	Restricted Funds £ 1,507 - 1,245 - 2,752 15,430 - 15,430 (12,678) 816 (11,862) - - - (11,862) 156,185 144,323 2020	Endowment Funds £ - - - - - (22,770) - (22,770) 22,770 12,884 35,654 - - - 35,654 101,391 137,045	Total Funds 2020 £ 204,118 10,245 10,136 9,179 233,678 269,385 - 269,385 (35,707) 18,003 (17,704) - - - (17,704) 856,483 838,779

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Balance Sheet at 31 December 2021

Note Fixed Assets Tangible Fixed Assets 7.a Building and organ improvements Major redecoration Fixtures, fittings & equipment Investments 7.c Parochial Church Council property Trust funds administered by the PCC Social investments 7.b Current Assets Monetary Assets and Debtors 7.d Cash at bank and in hand Deposit accounts Debtors and prepayments Liabilities: Amounts falling due within one year Accruals and deferred income 7.e Net Current Assets Net Assets Represented by: Funds 8 Unrestricted Restricted Endowment	2021 £ £ 187,882 0 15,888 203,770 311,127 138,604 64,207 513,938 30,996 104,212 4,774 139,982 (7,250) 132,732 850,440 553,175 141,098 156,167 850,440	2020 Approved by the Parochial Church Council £ £ on 27th April 2022 and signed on its behalf by: 206,341 - 24,831 231,172 187,869 121,690 67,263 376,822 Revd Sue Hammersley (Vicar) 25,036 200,311 9,316 234,663 (3,878) Mr David Armstrong (Honorary Treasurer) 230,785 The notes on pages 10 to 28 form part of these accounts 838,779 557,411 144,323 137,045 838,779

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Notes to the financial statements

For the year ended 31 December 2021

1 Accounting Policies

The PCC is a public benefit entity within the meaning FRS102 (Financial Reporting Standard) . The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations ‘true and fair view’ provisions. They are also prepared under the applicable accounting standards and the current statement of Recommended Practice, Accounting and Reporting by Charities (SORP (FRS102)).

The financial statements have been prepared under the historical cost convention except for investment assets, which are shown at market value.

Funds

General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. These include funds designated for a particular purpose by the PCC.

The purposes of any restricted and endowment funds are noted in the accounts at note 8 on pages 14 and 15.

The accounts include transactions, assets and liabilities for which the PCC can be held responsible.

Income

This is included in the Statement of Financial Activities (“SOFA”) when: (1) the PCC becomes legally entitled to the benefit of use of the resources; (2) an inflow of economic benefit is probable, and; (3) the monetary value can be measured with sufficient reliability.

Voluntary income and capital sources

Collections are recognised when made.
Amounts receivable under Gift Aid are recognised only when honoured by the giver.
Income tax recoverable on Gift Aid donations is recognised only when claimable.
Grants and bequests to the PCC are accounted for when the amount is payable.

Grants and donations

Grants and donations are accounted for when payable.

Church activities

The Common Fund and Associate Vicar contributions to the Diocese are accounted for when payable.

Pension costs and other post retirement benefits

The PCC operates a defined contribution pension scheme. Contributions payable to the pension scheme are charged to the SOFA in the period to which they relate.

Fixed assets

Consecrated land and buildings and moveable church furnishings Consecrated and beneficed property (the church buildings and grounds) is excluded from the accounts by the Charities Act 2011.

The building and organ improvements and moveable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. For inalienable property acquired prior to 2001 there is insufficient cost information available and therefore such assets are not valued in the accounts. Items acquired since 1 January 2001 have been capitalised and depreciated in the accounts over their currently anticipated useful economic life (either over 25 or 10 years) on a straight-line basis. All expenditure incurred in the year on consecrated buildings or beneficed building (excluding building and organ improvements, asbestos stabilisation and redecoration), individual items under £500 (discretionary limit) or on the repair of moveable church furnishings is written-off.

Income from fund raising events is accounted for gross.

Other fixtures, fittings and office equipment

The sale of books and magazines from the church bookstall are accounted for gross.

Draft For review with Sue

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Income from church activities

Income from the hire of the church premises is accounted for on an event by event basis after deduction of caretaking services.

Items used within the church premises are depreciated on a straight-line basis over four years. Individual items of equipment with a purchase value of £500 (discretionary limit) or less or repairs are written off in the period in the year.

Equipment rentals are paid and charged as they are incurred.

Parochial fees due to the PCC for weddings, funerals etc are accounted for on an event by event basis.

Investments

Income from investments

Investments are valued at market value at 31 December.

Dividends and interest are accounted for when due.

Net current assets

Investment gains and losses

Unrealised gains or losses are accounted for on the revaluation of investments at 31 December.

Expenditure and liabilities

These are recognised as soon as an outflow of economic benefit is probable.

Amounts owing to the PCC at 31 December in respect of fees, rents and room hire or other income are shown as debtors if the individual debts are greater than £500 or otherwise on a discretionary basis if required.

Costs and expenses payable by the PCC at 31 December are accrued if the

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Sheffield St. Mark Broomhill

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Notes to the financial statements

For the year ended 31 December 2021 Unrestricted Funds General Designated Note £ £ 2 Income and Endowments 2.a Voluntary income Planned giving: Gift Aid donations 136,650 - Tax recovered 4.a 35,187 - Other planned giving 10,766 - Collections 860 - Text Giving 216 - Web Giving 1,675 - Grants 4.b - - Donations, appeals, etc 4.c - - Legacies and bequests 4.d - 1,000 Sundry donations 3,611 - 2.a TOTAL 188,965 1,000 2.b Activities for generating funds Car park 10,525 - Fund raising events & activities - - 2.b TOTAL 10,525 - 2.c Income from investments Dividends 5,683 2,265 Interest 122 28 Home from Home rental income 4,200 - 2.c TOTAL 10,005 2,293 2.d Church activities Church and room hire 3,776 - PV (solar) Panel - Feed in Tariff income 5.e 3,116 - Parish Weekend Income 5.j - - Fees for weddings and funerals 1,639 - Magazines and sundry publications 30 - Bookstall - - 2.d TOTAL 8,561 - Total Incoming Resources 218,056 3,293	Restricted Endowment Funds Funds £ £ - - - - - - - - - - - - - - 1,395 - - - - - 1,395 - - - - - - - 1,994 - 1 - - - 1,995 - - - - - 185 - - - - - - - 185 - 3,575 - 2021	Total Funds 2021 £ 136,650 35,187 10,766 860 216 1,675 - 1,395 1,000 3,611 191,360 10,525 - 10,525 9,942 151 4,200 14,293 3,776 3,116 185 1,639 30 - 8,746 224,924	Unrestricted Funds General Designated £ £ 143,381 - 38,741 - 11,463 - 1,476 - 291 - 142 - - - - - - 4,000 3,117 - 198,611 4,000 10,245 - - - 10,245 - 2,068 1,457 968 198 4,200 - 7,236 1,655 3,460 - 4,269 - - - 1,250 - 135 - 65 - 9,179 - 225,271 5,655	Restricted Endowment Funds Funds £ £ - - - - - - - - - - - - - - 1,507 - - - - - 1,507 - - - - - - - 1,161 - 84 - - - 1,245 - - - - - - - - - - - - - - - 2,752 - 2020	Total Funds 2020 £ 143,381 38,741 11,463 1,476 291 142 - 1,507 4,000 3,117 204,118 10,245 - 10,245 4,686 1,250 4,200 10,136 3,460 4,269 - 1,250 135 65 9,179 233,678

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Sheffield St. Mark Broomhill Notes to the financial statements For the year ended 31 December 2021 Unrestricted Funds General Designated Note £ £					Total Funds 2021 £			Final v3.0	Final v3.0	Final v3.0
			Restricted Endowment Funds Funds £ £ 2021			Unrestricted Funds General Designated £ £		Restricted Endowment Funds Funds £ £ 2020		Total Funds 2020 £
3 Expenditure 3.a Church Activities Outreach 5.a Diocese 5.b Staff costs 5.c Clergy costs 5.d Bills 5.e Running costs 5.f Other ministry 5.g Sundries 5.h 3.a TOTAL 3(b) Raising funds Cost of fund raising events Total Resources Expended	22,439 88,913 51,698 14,186 16,229 16,248 525 3,550 213,788 - 213,788	- - 5,567 - - - 2,184 25,388 33,139 - 33,139	1,395 - - - - - 63 10,049 11,507 - 11,507	- - - - - - - - - - -	23,834 88,913 57,265 14,186 16,229 16,248 2,772 38,987 258,434 - 258,434	22,107 87,168 37,123 39,075 16,112 13,045 964 4,070 219,664 - 219,664	- - 21,773 - - - 1,250 34,038 57,061 - 57,061	1,507 - - - - 172 800 12,951 15,430 - 15,430	- - - - - - - (22,770) (22,770) - (22,770)	23,614 87,168 58,896 39,075 16,112 13,217 3,014 28,289 269,385 - 269,385

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Sheffield St. Mark Broomhill Final v3.0
Notes to the financial statements
For the year ended 31 December 2021 2021 2020
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2021 General Designated Funds Funds 2020
Note £ £ £ £ £ £ £ £ £ £
4 Analysis of Incoming Resources
4.a Tax recovered
Income tax recovered 35,187 - - - 35,187 38,741 - - - 38,741
4.a TOTAL 35,187 - - - 35,187 38,741 - - - 38,741
4.b Grants
Grants received - - - - - - - - - -
4.b TOTAL - - - - - - - - - -
A Sheffield Council grant of £250 was received in 2014 to assist with the costs of establishing a wild garden and orchard on part of St Mark's Green. £120 was used in 2015 to purchase fruit trees and £85 used
in 2016 on bird nesting boxes with the balance of £45 unused in 2017, to 2020. In 2021 this has been used to help fund the tree work on the green.
A grant of £750 was received in 2013 from Waitrose towards the costs of hosting Christmas Lunches. £162 was utilised in 2013 with £100 in 2014, £175 in 2016 and £137 in 2017. This was unused in 2018,
2019 and 2020, the unused balance of £176 has been carried forward to 2021 (as part of Grants Received in Advance shown in note 7(e)).
4.c Donations, appeals etc
Special Collections - - 1,395 - 1,395 - - 1,507 - 1,507
- - - - - - - - - -
Specific donations and appeals
4.c TOTAL - - 1,395 - 1,395 - - 1,507 - 1,507
Special collections relate to specific collections for Home and International causes (see note 5(a)).
4.d Legacies and bequests
From the late Carol Walter - 1,000 - - 1,000 - - - - -
From the late Gwen Gardiner - - - - - - 3,000 - - 3,000
From the late Geoffrey Michael Fallows - - - - - - 1,000 - - 1,000
- - - - - - - - - -
4.d TOTAL - 1,000 - - 1,000 - 4,000 - - 4,000
Bequests 1,000 4,000
Notes: All the above bequests are unconditional. Unused funds have been placed in the Designated General Reserve deposit account subject to the PCC determining how the funds should be utilised. The funds
that have been used are detailed in note 9.a
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Sheffield St. Mark Broomhill Final v3.0
Notes to the financial statements
For the year ended 31 December 2021 2021 2020
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2021 General Designated Funds Funds 2020
Note £ £ £ £ £ £ £ £ £ £
5 Analysis of Resources Expended
5.a Outreach
International Donation Details
Bwindi 1,122 - - - 1,122 1,000 - - - 1,000
Care4Calais 1,122 - - - 1,122 - - - - -
Christian Aid - General 1,122 - - - 1,122 1,000 - - - 1,000
Global Justice Sheffield (local) 1,122 - - - 1,122 1,000 - - - 1,000
Literacy for Life 1,122 - - - 1,122 1,000 - - - 1,000
Omid 1,122 - - - 1,122 1,000 - - - 1,000
Phase 1,122 - - - 1,122 1,000 - - - 1,000
Practical Action (Intermediate Technology Group) 1,122 - - - 1,122 1,000 - - - 1,000
Succol 1,122 - - - 1,122 1,000 - - - 1,000
USPG 1,122 - - - 1,122 1,000 - - - 1,000
Cairdeas - - - - - 1,000 - - - 1,000
Red Cross - - - - - 1,000 - - - 1,000
- - - - - - - -
Allocated total 11,220 - - - 11,220 11,000 - - - 11,000
Christian Aid - - 460 - 460 - - - - -
DEC - Afghanistan appeal - - 115 - 115 - - - - -
Kitrinos health care - - - - - - - 154 - 154
- - - - - - - - - -
TOTAL 11,220 - 575 - 11,795 11,000 - 154 - 11,154
International donations 11,220 - 11,000 0
Notes: Restricted Fund donations of £575 (2020 £154) are all from the proceeds of special collections (see note 4(c)) and were paid immediately to the charities in question.
General Fund donations of £11,220 (2020 £11,000) have been allocated on recommendation of the International Donations Committee and approved by the PCC.
Restricted donations were significnatly lower due to the Covid Pandemic and fewer services with collections taking place in the building
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Sheffield St. Mark Broomhill Final v3.0
Notes to the financial statements
For the year ended 31 December 2021 2021 2020
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2021 General Designated Funds Funds 2020
Note £ £ £ £ £ £ £ £ £ £
Home donation Details
YWHP 1,000 - - - 1,000 - - - - -
Assist 1,000 - - - 1,000 1,000 - - - 1,000
Broomhall Girls Youth Group 1,000 - - - 1,000 1,000 - - - 1,000
Cathedral Archer Project 1,000 - - - 1,000 1,000 - - - 1,000
Citizens Advice Sheffield 1,000 - - - 1,000 1,000 - - - 1,000
Hardship Fund Of Sheffield Carers Centre 1,000 - - - 1,000 975 - - - 975
Bens centre 1,000 - - - 1,000 - - - - -
Open Kitchen social club 1,000 - - - 1,000
SCCCC 1,000 - - - 1,000
Sheffield Mind 695 - - - 695
Broomhall Centre 500 - - - 500 500 - - - 500
S6 Food Bank 500 - - - 500 500 - - - 500
S2 Food bank 500 - - - 500
Church Action on Poverty Sheffield 25 (annual sub) - - 25 25 (annual sub) - - 25
CTBB - - - - 3,000 - - - 3,000
Covid 19 Bame Action Group - - - - - 1,000 - - - 1,000
Sheffield Flourish - - - - - 500 - - - 500
Yorkshire Refugee Foodbank - - - - - 500 - - - 500
- - - - - - - -
Allocated total 11,220 - - - 11,220 11,000 - - - 11,000
Curate's leaving gift - - 649 - 649 - - - - -
DECSY - - 142 - 142 - - - - -
Children's Society - - 29 - 29 - - - - -
Associate Vicar leaving gifts - - - - - - - 1,243 - 1,243
Framework - - - - - - - 90 - 90
City of Sanctuary - - - - - - - 20 - 20
- - - - - - - - - -
TOTAL 11,220 - 820 - 12,040 11,000 - 1,353 - 12,353
Home donations 11,220 - 11,000 -
Notes: Restricted Fund donations of £820 (2020 £1,353) are all from the proceeds of special collections (see note 4(c)) and were paid immediately to the charities in question.
General Fund donations of £11,220 (2020 £11,000) have been allocated on recommendation of the Home Donations Committee and approved by the PCC.
Restricted donations were significnatly lower due to the Covid Pandemic and fewer servcies with collections taking place in the building
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Sheffield St. Mark Broomhill

Final v3.0

Notes to the financial statements

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For the year ended 31 December 2021 2021 2020
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2021 General Designated Funds Funds 2020
Note £ £ £ £ £ £ £ £ £ £
International Donations total 11,220 - 575 - 11,795 11,000 - 154 - 11,154
Home Donations total 11,219 - 820 - 12,039 11,000 - 1,353 - 12,353
Soup Run expenses (net of donations) - - - - - 107 - - - 107
5.a TOTAL 22,439 - 1,395 - 23,834 22,107 - 1,507 - 23,614
Notes:
5.b Diocese
Diocesan Common Fund 88,913 - - - 88,913 87,168 - - - 87,168
5.b TOTAL 88,913 - - - 88,913 87,168 - - - 87,168
Notes: Of the payments to the Diocese £70,000 is to cover the costs of one member of staff. The other £18,913 is to assist other parishes in the diocese.
5.c Wages and salaries (including employer's National Insurance Contributions ("NIC") and expenses)
Family Worker 16,990 - - - 16,990 - 16,283 - - 16,283
Administrator costs 13,015 - - - 13,015 15,866 - - - 15,866
Director of Music 8,113 5,567 - - 13,680 8,113 5,490 - - 13,603
Caretaker 6,838 - - - 6,838 6,688 - - - 6,688
Cleaner costs 6,742 - - - 6,742 6,456 - - - 6,456
5.c TOTAL 51,698 5,567 - - 57,265 37,123 21,773 - - 58,896
Notes: Cleaning costs include the salaries of two part-time employed cleaners, Mr Tim Moore and Mr John Whitmill.
Cleaning materials and supplies are detailed under Cleaning in section 5.f below.
Caretaking costs are reduced when Tim acts as veger/caretaker during weddings or funerals and the costs for his time are recovered through fees.
The Director of Music is funded both from the general fund with additional funding for 5 years from 2018 from recent legacies. The legacy funding shows in the Designated column.
Administrator: Sarah Rouseau left the post of Office Manager in May. Jane Padget provided temporary cover till October. Zoe Varco was appointed as Operations Coordinator from November.
During 2021 the PCC decided to change the funding of the Family Worker so that it was taken from General rather then Designated (Legacy) funds.
All the emoluments for each employee are shown above and also included are £nil (2020 £nil) Employer's NIC payments (after Employer's NIC allowances), £666 (2020 £900) Employer's Pension Contributions
and £nil (2020 £nil) paid in expenses.
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Final v3.0

Sheffield St. Mark Broomhill

Notes to the financial statements For the year ended 31 December 2021

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For the year ended 31 December 2021 2021 2020
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2021 General Designated Funds Funds 2020
Note £ £ £ £ £ £ £ £ £ £
5.d Clergy Costs
Associate Vicar's stipend, pension, NIC & council tax 6,674 - - - 6,674 30,841 - - - 30,841
Associate Vicar's house rent 2,574 - - - 2,574 4,767 - - - 4,767
Associate Vicar's expenses 2,513 - - - 2,513 414 - - - 414
Vicars Expenses 1,207 - - - 1,207 1,141 - - - 1,141
Vicarage water charges 759 - - - 759 732 - - - 732
Assistant Priest's expenses 239 - - - 239 329 - - - 329
Curate water charges 171 - - - 171 317 - - - 317
Associate Vicar's House utilities and alarm maintenance 49 - - - 49 534 - - - 534
- - - - - - - - - -
Visiting clergy and speakers
5.d TOTAL 14,186 - - - 14,186 39,075 - - - 39,075
Notes: Stipend costs were much reduced in 2021 due to Sarah Colver having left the full time post of Associate Vicar in 2020 and Beth Keith taking up the part time (0.4) post of Liberal Theologian in October
2021.
For all of 2021 clergy have been paid receipted expenses.
5.e Bills
Electricity charges 7,960 - - - 7,960 8,772 - - - 8,772
Insurance 5,302 - - - 5,302 5,295 - - - 5,295
Telephones & Broadband 1,397 - - - 1,397 900 - - - 900
Gas charges 796 - - - 796 725 - - - 725
Water and sewage charges 506 - - - 506 420 - - - 420
Waste collection 268 - - - 268 - - - - -
5.e TOTAL 16,229 - - - 16,229 16,112 - - - 16,112
Notes: PV (Solar) panels have been fully operational on the Church roof since 2012. In 2021 Feed in Tariff income of £3,116 (2020 £4,269) was received from surplus electricity generated by the panels (see
note 2(d)). This income helps to offset the annual electricity charges. This figure is the cost before this offset.
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Page 19 of 29

Sheffield St. Mark Broomhill

Final v3.0

Notes to the financial statements

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For the year ended 31 December 2021 2021 2020
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2021 General Designated Funds Funds 2020
Note £ £ £ £ £ £ £ £ £ £
5.g Other ministry
Grants (Expenditure) - 2,184 - - 2,184 - 1,250 - - 1,250
Children and youth work 525 - - - 525 686 - - - 686
Assistance from Social Fund - - 63 - 63 - - 800 - 800
Pastoral expenses - - - - - 198 - - - 198
Lay Training fees and expenses - - - - - 69 - - - 69
Student & Young Peoples Work - - - - - 11 - - - 11
- - - - - - - - - -
Trips and Events
- - - - - - - - - -
Vicar's Discretionary Fund
5.g TOTAL 525 2,184 63 - 2,772 964 1,250 800 - 3,014
Notes: Grants were made from both Bursary funds.
Three grants with a total value of £1,234 were made from the Mainland Bursary Fund to families within the congregation to help their children cope with the impact of Covid-19.
A grant of £600 from the Stamper Bursary Fund was paid to Lu Skerratt Love to assist theological studies at Durham. This is third of 3 annual grants. Note the individual is a member of PCC but was not
involved in discussions relating to this grant.
A grant of £350 from the Stamper Bursary Fund was paid to Jane Padget for a retreat after her far longer than expected provision of administration support. Note the individual is a member of PCC but was not
involved in discussions relating to this grant.
One grant from the Social fund was made during the year.
5.h Sundries
Depreciation on building and organ 856 24,500 6,963 - 32,319 855 24,677 6,981 - 32,513
CRC Online expenses - 888 2,722 - 3,610 - (4,574) (2,722) - (7,296)
Sundry Expenses 5.i 2,267 - - - 2,267 2,472 - - - 2,472
Special Expenditure 427 - 364 - 791 743 13,335 8,692 (22,770) -
Legacy expenditure - - - - - - 600 - - 600
- - - - - - - - - -
Parish Weekend Expenditure 5.j
5.h TOTAL 3,550 25,388 10,049 - 38,987 4,070 34,038 12,951 (22,770) 28,289
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Sheffield St. Mark Broomhill

Final v3.0

Notes to the financial statements

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For the year ended 31 December 2021 2021 2020
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2021 General Designated Funds Funds 2020
Note £ £ £ £ £ £ £ £ £ £
5.i Sundry Expenses - breakdown
Auditor/Independent Examiner's Fee 895 - - - 895 870 - - - 870
Payroll Bureau Charges 526 - - - 526 510 - - - 510
Gifts and Presentations 348 - - - 348 513 - - - 513
Accounting package charges 287 - - - 287 192 - - - 192
Other Sundries 92 - - - 92 0 - - - -
Refreshments 72 - - - 72 213 - - - 213
Church Flowers 40 - - - 40 0 - - - -
Bank charges 7 - - - 7 0 - - - -
Performing Rights Society Fees - - - - - 174 - - - 174
5.i TOTAL 2,267 - - - 2,267 2,472 - - - 2,472
Notes:
Special Expenditure: General fund was the creation of a video for the Heritage Open Day 2021. The treasurer had no involvement in the decisions around these payments.
The restricted payments were from the Hopsitality fund for refreshments at the Parish Day and a Circus skills event as part of the Broomhill Festival.
CRC Online expenses:
These expenses are for the maintenance the CRC website.
Legacy Expenditure: This section is for legacy expenditure related to social houses. There was other legacy expenditure in 2021 which has been capitalised.
5.j Church Conference/Parish Weekend Receipts and Payments Summary
Receipts
Parish Weekend Income - - 185 - 185 - - - - -
- - 185 - 185 - - - - -
Payments
- - - - - - -
Initial deposit
- - - - - - - -
Parish Weekend Expenditure
- - - - - - - - - -
Total net expenditure
Net (deficit)/surplus to General Fund - - 185 - 185 - - - - -
Notes: The income above is donations towards the 2022 Parish Weekend.
The Parish Weekend that was planned for 2022 at the Hayes Conference Centre, Swanwick has been scaled back to be an "At Home" weekend.
The surplus of £1,478 from the 2018 weekend is carried forward towards that cost as well as the £185 above.
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Sheffield St. Mark Broomhill Final v3.0
Notes to the financial statements
For the year ended 31 December 2021 2021 2020
Unrestricted Funds Restricted Endowment Total Funds Unrestricted Funds Restricted Endowment Total Funds
General Designated Funds Funds 2021 General Designated Funds Funds 2020
7 Analysis of Net Assets by Fund £ £ £ £ £ £ £ £ £ £
7.a Tangible Fixed Assets
Analysis of Net Book Value by Fund at 31 December 2021 (2020)
Building, Property and Organ Improvements 1,925 81,725 104,232 - 187,882 2,018 94,112 110,211 - 206,341
- - - - - - - - - -
Major redecoration
Fixtures, Fittings and Equipment 1,030 13,875 983 - 15,888 1,793 21,073 1,965 - 24,831
Total Net Book Value by Fund 2,955 95,600 105,215 - 203,770 3,811 115,185 112,176 - 231,172
Analysis by asset type Building, Property, Major Fixtures, Fittings Totals Significant assets
Organ Improvements Redecoration and Equipment £
£ £ £ £ Building, Property and Organ Improvements
Actual/Deemed Cost At 1 January 2021 462,344 24,185 123,331 609,860 2002 244,650 Major work in upper room
Additions in year: 2004 12,512 Car park upgrade
Building, Property and Organ Improvements - 2008 9,353 Tower Louvers
None - - - - 2009 14,094 South steps railings
- - - - 7,130 Electrical wiring
Major redecoration 2011 32,205 PV Panels
None - - - - 2011/2 11,144 Underfloor heating
Fixtures, Fittings and Equipment 2012 2,176 Loft insulation
Angekis video PTZ camera Designated - - 1,860 1,860 2013 1,512 Spire/tower renovations
- - - - 1,367 Wiring upgrade
- - - - 2014/5 115,651 Organ refurbishment
Disposals 2018 76,932 Social house investment
None - - - -
Total additions in year - - 1,860 1,860 Fixtures, Fittings & Equipment
total disposals in year - - 2020 21,981 New AV system for church
At 31 December 2021 462,344 24,185 125,191 611,720
Depreciation At 1 January 2021 256,003 24,185 98,500 378,688 Major Redecorations
Charge for the year 18,459 - 10,803 29,262 2003 24,185 Asbestos stabilisation
- - - -
eliminated on disposals
At 31 December 2021 274,462 24,185 109,303 407,950
Net Book Value At 31 December 2021 187,882 - 15,888 203,770
At 31 December 2020 206,341 - 24,831 231,172
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In accordance with the Accounting Policies (see page 3), all major expenditure on fixed assets from 1 January 2001 has been capitalised and depreciated annually on a straight line basis (over 25 years for building and Organ improvements and social hoousing investments, 10 years for major redecorations and 4 years for fixtures, fittings and equipment).

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Sheffield St. Mark Broomhill Notes to the financial statements For the year ended 31 December 2021 Unrestricted Funds 7 Analysis of Net Assets by Fund (continued) General Designated Note £ £ 7.a Tangible Fixed Assets 2,955 95,600 7.c Investments Social Investments Social House Investment - 64,207 - 64,207 Parochial Church Council property 8.c.i ID2 General Investment - 166,512 ID3 Mainland & Stamper Bursary Investment - 60,679 ID4 Fabric Investment (Designated) - 26,822 ID5 Fabric Investment (Restricted) - - ID6 Berry Bequest Investment - - ID7 Kelk Bequest Investment - - - 254,013 Trust funds administered by the PCC 8.c.ii ID8 Church Hall Charity Investment - - ID9 Miss Thomas Bequest Investment - - ID10 Friends of St Marks Investment - - ID11 Elliott Bequest Investment - - - - Investments Total - 318,220 7.d Reserves General reserves 8.a PCC current account 48,499 (6,867) ID12 General Reserve deposit account 7.f - 76,474 48,499 69,607 Fabric reserves 8.a & 8.b ID13 Fabric Deposit (Designated) - 902 ID14 Fabric Deposit (Restricted) - - ID1 Sheffield Credit Union deposit account - 10,574 ID15 Miss Thomas Bequest deposit account - - - 11,476 Other reserves and accounts 8.b ID16 Mainland & Stamper Bursary Deposit Account - 137 ID17 CRC Online Susp Account - 3,687 ID18 2018 Legacies - 5,000 ID19 Youth Deposit account - - ID19 Children and Young People deposit account - - ID20 Hospitality Fund Deposit Account - - ID21 Social Fund - - - 8,824 Reserves Total 48,499 89,907				Total Funds 2021 £ 203,770 64,207 64,207 166,512 60,679 26,822 39,551 15,295 2,268 311,127 76,231 36,530 18,663 7,180 138,604 513,938 30,996 76,474 107,470 902 1,330 10,574 1,167 13,973 137 3,687 5,000 1,287 500 1,627 1,527 13,765 135,208		Final v3.0	Final v3.0
		2021				2020
		Restricted Funds £ 105,215 - - - - - 39,551 - - 39,551 - - - - - 39,551 (10,636) - (10,636) - 1,330 - 1,167 2,497 - - - 1,287 500 1,627 1,527 4,941 (3,198)	Endowment Funds £ - - - - - - - 15,295 2,268 17,563 76,231 36,530 18,663 7,180 138,604 156,167 - - - - - - - - - - - - - - - - -		Unrestricted Funds General Designated £ £ 3,811 115,185 - 67,263 - 67,263 - 60,990 - 53,051 - 23,629 - - - - - - - 137,670 - - - - - - - - - - - 204,933 35,066 (471) - 76,374 35,066 75,903 - 179 - - - 10,553 - - - 10,732 - 778 - 4,574 - 100,000 - - - - - - - - - 105,352 35,066 191,987	Restricted Endowment Funds Funds £ £ 112,176 - - - - - - - - - - - 34,844 - - 13,372 - 1,983 34,844 15,355 - 67,159 - 31,938 - 16,316 - 6,277 - 121,690 34,844 137,045 (9,559) - - - (9,559) - - - 265 - - - 238 - 503 - - - 3,015 - - - 1,287 - 500 - 2,021 - 527 - 7,350 - (1,706) -	Total Funds 2020 £ 231,172 67,263 67,263 60,990 53,051 23,629 34,844 13,372 1,983 187,869 67,159 31,938 16,316 6,277 121,690 376,822 25,036 76,374 101,410 179 265 10,553 238 11,235 778 7,589 100,000 1,287 500 2,021 527 112,702 225,347

Page 24 of 29

Sheffield St. Mark Broomhill Notes to the financial statements For the year ended 31 December 2021 Unrestricted Funds 7 Analysis of Net Assets by Fund (continued) General Designated Note £ £ Debtors and prepayments PA1 Income tax recovery due at year end 3,595 - PA2 Room hire outstanding 428 - PA3 SMP outstanding 528 - PA4 PV Panel FIT income due at year end 223 - General Income debtors - - Restricted Income debtors - - 4,774 - 7.e Accruals and deferred income PA5 International donations owed at year end (1,122) - PA6 Expenditure Accruals (344) - PA7 Electricity and Gas owed at year end (3,931) - PA8 Grants received in advance - - Broomhill Festival funds held at year end - - PA9 CRC Accruals - (125) PA10 Diocese (1,258) - (6,655) (125) Fund Balance 49,573 503,602 7.f General reserve deposit account breakdown Legacy Reserve 37,201 General Reserve 20,451 Director of Music funding 13,807 Home from Home maintenance funding 5,015 Family worker funding 0 76,474				Total Funds 2021 £ 3,595 428 528 223 - - 4,774 (1,122) (344) (3,931) (470) - (125) (1,258) (7,250) 850,440		Final v3.0	Final v3.0
		2021				2020
		Restricted Funds £ - - - - - - - - - - (470) - - - (470) 141,098	Endowment Funds £ - - - - - - - - - - - - - - - 156,167		Unrestricted Funds General Designated £ £ 8,491 - 428 - 261 - - - 9,180 - - - (495) - (2,226) - - - (30) - - - - - (2,751) - 45,306 512,105 14,376 12,929 19,373 5,015 24,681 76,374	Restricted Endowment Funds Funds £ £ - - - - - - 136 - 136 - - - - - - - (834) - - - (293) - - - (1,127) - 144,323 137,045	Total Funds 2020 £ 8,491 428 261 136 9,316 - (495) (2,226) (834) (30) (293) - (3,878) 838,779

Page 25 of 29

Sheffield St. Mark Broomhill

Final v3.0

Notes to the financial statements

For the year ended 31 December 2021

8 Fund details

8.a Unrestricted Funds

The General Fund is used to pay all the everyday expenses of the church. This fund is “unrestricted” because the money has been given to the church on the general understanding that it will be used at the discretion of the PCC for furthering the mission and ministry of the church. Unless specified otherwise, all the money received by the church is first put into the General Fund.

The PCC may decide to put some of the General Fund money aside in deposit accounts for use in the future (for example, for building repairs). This money is “designated” for administration purposes only. Such funds are still unrestricted and can be moved to other funds if the PCC so decides. The PCC currently has “designated” deposit accounts for general and fabric purposes.

Mainland Bursary Fund for development of young people
Property:	1,070 shares in The CBF Church of England Investment Fund
Purchased:	31-Aug-89
Original cost:	£6,000	Market value	31/12/2021	£ 60,679	2020 £ 53,051

At the January 2020 PCC meeting it was agreed that in the absence of any documentary or anecdotal evidence to the contrary that the Mainland Bursary funds are more correctly recorded as Designated funds rather than Endowment funds. They have therefore been moved as at 31Dec2019 from Endowment to Designated.

Fabric Investment (Designated)
Property:	8583.73 units in the COIF Charities Ethical Investment Fund
Purchased:	10-Sep-20
Original cost:	£23,076	Market value	31/12/2021	£ 26,822	2020 £ 23,629

This account was created by merging several small designated fabric deposit accounts. Therefore the income from the above investment should be used for Fabric purposes. The dividends from this accounts is paid to a dedicated CCLA Fabric (Designated) deposit account.

8.b Restricted Funds

These are funds that are subject to some particular restriction on the way they may be spent or applied. The money received is restricted either by the donor or by the terms of an appeal for a particular purpose such as a special collection for overseas aid or for a major repair. The PCC has several deposit accounts that are “restricted” in their use for either fabric or other specified purposes.

Fabric Investment (Restricted)
Property:	12657.65 units in the COIF Charities Ethical Investment Fund
Purchased:	10-Sep-20
Original cost:	£34,028	Market value	31/12/2021	£ 39,551	2020 £ 34,844

This account was cretaed by merging several small restricted fabric deposit accounts. Therefore the income from the above investment fund can only be used for Fabric purposes. The dividends from this accounts is paid to a dedicated CCLA Fabric (Restricted) deposit account.

Page 26 of 29

8.c Endowment Funds

These are another form of restricted funds and represent money that has been given to the church with the specific instruction that only the interest or dividends earned by the investment can be spent. The original money (or “capital”) cannot normally be spent and must remain in the form of investments.

8.c.i Parochial Church Council Property

The PCC may hold property “for any ecclesiastical purpose affecting the parish or any part thereof” and for certain educational purposes (PCC (Powers) Measure 1956, Section 5). “Ecclesiastical purposes” will include any purpose furthering the work of the Church of England in the parish. The capital sums and income derived there from can only be used for these purposes.

Held in the name of the Vicar and Church Wardens, administered by the PCC

Miss Berry Bequest for general purposes
Property:	654 shares in The CBF Church of England Investment Fund
Purchased:	28-Feb-69
Original cost:	£730	Market value	31/12/2021	£ 15,295	2020 £ 13,372

Kelk Bequest for general purposes
Property:	97 shares in The CBF Church of England Investment Fund
Purchased:	31-Aug-82
Original cost:	£200	Market value	31/12/2021	£ 2,268	2020 £ 1,983

8.c.ii

Trust Funds administered by the Parochial Church Council

These funds comprise a charity administered under a scheme made by the Charity commissioners, two bequests and a donation involving permanent trusts restricting the use of the capital that is held by the Diocesan Board of Finance.

The St Mark’s Church Hall Charity
Property:	106.68 shares in CCLA - COIF Charities Ethical Investment		Fund
(Original Purchase:	12,277 shares	31-Mar-93	Original	cost:	£19,189)
Dividends reinvested in year to purchase	825 shares	at a cost of		£1,357
Market value	31/12/2021	£ 76,231		2020	£ 67,159

The above investment originates from the sale of the former church hall in Ashgate Road, Broomhill, in March 1971. The PCC are managing trustees, the Diocesan Board of Finance custodian trustees. The clear income from the charity is to be applied to further the “religious and other charitable work of the Church of England” in the ecclesiastical parish of St Mark, Broomhill. The charity property may also be used for land and building required for that work. By an order dated 14 January 2014, the Charity Commissioners authorised expenditure of £34,000 from the Charity’s permanent endowment for the purpose of restoration and refurbishment of the Church organ under the condition that the sum be repaid over 30 years at a minimum of £1,133 per annum. In addition, the PCC authorised the expenditure of £16,000 from the Charity’s accumulated income for the same purpose. Accordingly, in January 2014 the Diocesan Board of Finance realised 32,041 of the Charity’s shares to the value of £50,000 and this sum was paid into the Organ Restoration Appeal Fund on 3 February 2014. This loan was repaid in 2020 so that income can return to being for general use as specified above.

Page 27 of 29

	Property: Purchased: Original cost: £1,132 £ 36,530 2020 £ 31,938 Property: Purchased: Original cost: £1,750 £ 18,663 2020 £ 16,316 Market value 31/12/2021 31-Oct-82 Miss Thomas Bequest for church repairs 1562 shares in The CBF Church of England Investment Fund 30-Nov-61 Market value 31/12/2021 Friends of St Mark’s Investment Account for fabric repair purposes only 798 shares in The CBF Church of England Investment Fund
The income from the above two investment funds can only be used for church repairs. During 2020 new fabric deposit accounts were opened with CCLA. The dividends from these accounts are now paid to the new fabric deposit account.
	Property: Purchased: Original cost: £220 £ 7,180 2020 £ 6,277 Elliott Bequest for parochial and charitable purposes 307 shares in The CBF Church of England Investment Fund 31-Aug-66 Market value 31/12/2021

Property:
Purchased:
Original cost:
£1,132
£ 36,530
2020 £ 31,938
Property:
Purchased:
Original cost:
£1,750
£ 18,663
2020 £ 16,316
Market value
31/12/2021
31-Oct-82
Miss Thomas Bequest for church repairs
1562 shares in The CBF Church of England Investment Fund
30-Nov-61
Market value
31/12/2021
Friends of St Mark’s Investment Account for fabric repair purposes only
798 shares in The CBF Church of England Investment Fund

The income from the above two investment funds can only be used for church repairs. During 2020 new fabric deposit accounts were opened with CCLA. The dividends from these accounts are now paid to the new fabric deposit account.

Property:
Purchased:
Original cost:
£220
£ 7,180
2020 £ 6,277
Elliott Bequest for parochial and charitable purposes
307 shares in The CBF Church of England Investment Fund
31-Aug-66
Market value
31/12/2021

The property of the above mentioned investment can only be used for the purposes mentioned. Therefore the dividends are paid directly to the main church bank account for general use.

Page 28 of 29

Sheffield St. Mark Broomhill

Final v3.0

Notes to the financial statements

Sheffield St. Mark Broomhill Notes to the financial statements					Fin	al v3.0
For the year ended 31 December 2021 9 Allocation of Legacy funding 9(a)Legacy projects Family worker - 3 years from 2019 Video camera in worship area AV Equipment Organ loan repayment Purchase of second social house		2021	Total Funds 2021 £ (24,682) 1,860 - - - - - (22,822)		2020
	Unrestricted Funds General Designated £ £ - (24,682) - 1,860 - - - - - - - - - - - (22,822)	Restricted Endowment Funds Funds £ £ - - - - - - - - - - - - - - - -		Unrestricted Funds General Designated £ £ - - - - - 21,981 - 13,335 - 600 - - - - - 35,916	Restricted Endowment Funds Funds £ £ - - - - - - - - - - - - - - - -	Total Funds 2020 £ - - 21,981 13,335 600 - - 35,916

This is a description of the allocation of funds during 2021.

The funds used in 2021 are detailed in the expenditure section of the accounts above.The negative value for the Family Worker is due to a decision to start to pay the family worker from General funds. This allowed the funding allocated from the legacy pot to be returned ready for alloation to a different project.

Statement of responsibilities of the members of the Parochial Church Council ("PCC")

The Church Accounting Regulations 2006 and the Charities Act 2011 require the members of the PCC to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the PCC and of the incoming resources and application of resources in the year then ended. In preparing those financial statements, the members of the PCC are required to:

select suitable accounting policies and then apply them consistently;
make judgements and estimates that are reasonable and prudent;
prepare the financial statements on the going concern basis unless it is inappropriate to presume that the PCC will continue in operation.

The members of the PCC are responsible for keeping accounting records which disclose with reasonable accuracy the financial position of the PCC and which enable them to ascertain the financial position of the PCC and which enable them to ensure that the financial statements comply with the Church Accounting Regulations 2006 and the Charities Act 2011. They are also responsible for safeguarding the assets of the PCC and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities

Page 29 of 30 Report from Indq)endenl Exa]niners INDEPENDENT EXAMINER'S REPORT TOTHE MEMBERS OF THE PAROCHIAL CHURCH COLTNCIL OF THE ECCLESIASTICAL PARISH OF ST MARK'S CHURCH BRUOMHILL SHEFFIELD l T¢POrt ott th¢ hc¢ounts of th¢ Parochial Church Courteil for the year ended 31 Dember 2021 which are set out on page5 8 to 28. Rejpeetive responsibilities of Parochial Church Council and examiner The Membets of the Parochial Church Council are re5P)t)sible for the preparation of the aecounts in accoTd#nc¢ with the rcquircmcnts of the Chjrilics Ac¢ 2011 ('thc AEt'I. I r¢port in Tespeci of my examination of the Charity'5 accounts carried out undeT 5CCtion 145 of th¢ A¢1 and in canyin8 Out my examination I have followed all the applieable Directions given by the ChaTiTy Comrnission linder section 14515Xbl of the Aci. Ind¢p¢ndent eXalner'S 514¢em¢¢ Since the Charity's 8ross income exceeded £250.000 your examiner must member of H body listed irt section 145 of the Aci. I conflmi that l am qualified 10 undenake the examination because l am a member of the Institut¢ of Charted A¢¢ouniAnts Englattd and Wales. which is one of the lisied bodies. I have completed my eMination. I Confi that no material matters hav¢ come to my atteniion in conn¢¢iion with the exarninalion givin8 me ¢au5¢ b¢lievc thal any material r¢sPt.. c¢ourtling re¢ord$ wu¢ n¢M kept in resp¢¢i ofih¢ Chwity A$ required by seciion 130 of rhe Aet: or Ih¢ h¢¢ounts do not a¢¢ord with those r¢¢ord$- or the accounts do noi cornply with the applible requirements ¢ort¢¢mithg th¢ forni and ¢oni¢n¢ of accoun15 Sei out in the Charities (Accounls and R¢portsl Regulations ?008 oih¢r Ihan any r¢quircm¢rtis th81 the occounis give a'irue and lair vlew. whlch is a maner considered as part ol an Independent exAmin811011. I hève no concerns 8nd hAve come across no other m&tters in conrttiion with ihe examination lo which attcntion should b¢ draw# in this T¢Wrt in order 10 enhble proper undeTsthndinB of lh¢ g¢¢ouni$ to be reached. Julie Holderness ACA FCCA For and on behAifof R(ddis Taylor Robinson Chartered Accoiintsnts Unit 6 Acorn Business Park Wcdseats Cl Shcffi¢ld S8 OTB 16 Msy 2022

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