## 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 **v3.0** ## Final Page 2 of 29 **Sheffield St Mark Broomhill Annual Financial Report of the Parochial Church Council for the year ended 31 December 2021** **Final v3.0** Page 3 of 29 **Sheffield St Mark Broomhill Annual Financial Report of the Parochial Church Council for the year ended 31 December 2021** **Final v3.0** Page 4 of 29 ## **Sheffield St Mark Broomhill** **Final v3.0** **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 Page 5 of 29 ## **Final v3.0** |**St Mark's PCC Accounts**||||||||||||||**Final v3.0**|**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%| **----- Start of picture text -----**
2021
**----- End of picture text -----**
**----- Start of picture text -----**
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
**----- End of picture text -----**
Page 6 of 29 **----- Start of picture text -----**
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
**----- End of picture text -----**
Page 7 of 29 Final v3.0 **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
-| Page 8 of 29 ## **Sheffield St. Mark Broomhill** ## **Final v3.0** |**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| |---|---|---|---|---|---|---|---|---| Page 9 of 28 ## **Sheffield St. Mark Broomhill** ## **Final v3.0** ## **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| |---|---|---| Page 10 of 29 ## **Sheffield St. Mark Broomhill** ## **Final v3.0** ## **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 ## v0.18 ## _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 Page 11 of 29 ## **Sheffield St. Mark Broomhill** ## **Final v3.0** ## **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| |---|---|---|---|---|---| Page 12 of 29 |**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| Page 13 of 29 **----- Start of picture text -----**
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
**----- End of picture text -----**
Page 14 of 29 **----- Start of picture text -----**
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
**----- End of picture text -----**
Page 15 of 29 **----- Start of picture text -----**
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
**----- End of picture text -----**
Page 16 of 29 ## **Sheffield St. Mark Broomhill** ## **Final v3.0** ## **Notes to the financial statements** **----- Start of picture text -----**
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.
**----- End of picture text -----**
Page 17 of 29 ## **Final v3.0** ## **Sheffield St. Mark Broomhill** **Notes to the financial statements For the year ended 31 December 2021** **----- Start of picture text -----**
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.
**----- End of picture text -----**
Page 18 of 29 **----- Start of picture text -----**
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.f Running Costs
Church repairs and maintenance 5,633 - - - 5,633 3,353 - 172 - 3,525
Grounds 2,714 - - - 2,714 680 - - - 680
IT Support 1,530 - - - 1,530 977 - - - 977
Post & Printing 907 - - - 907 1,045 - - - 1,045
Copier Lease Costs 889 - - - 889 889 - - - 889
Lift maintenance 706 - - - 706 506 - - - 506
Printing Licences 666 - - - 666 765 - - - 765
Sanctuary expenses 479 - - - 479 603 - - - 603
Organist fees 400 - - - 400 400 - - - 400
Organ and piano maintenance 375 - - - 375 200 - - - 200
Fire Alarm maintenance 346 - - - 346 338 - - - 338
Fire Extinguisher maintenance 307 - - - 307 304 - - - 304
Music expenses and RSCM subscription 289 - - - 289 432 - - - 432
Home from Home expenses 274 - - - 274 1,834 - - - 1,834
Cleaning 237 - - - 237 224 - - - 224
Burglar Alarm maintenance 179 - - - 179 179 - - - 179
PAT Testing 160 - - - 160 159 - - - 159
Boiler maintenance 110 - - - 110 140 - - - 140
Library books 47 - - - 47 - - - - -
Bookstall expenditure - - - - - 17 - - - 17
5.f TOTAL 16,248 - - - 16,248 13,045 - 172 - 13,217
Notes: The grounds item includes significant maintenance work on the trees on the church green.
**----- End of picture text -----**
Page 19 of 29 ## **Sheffield St. Mark Broomhill** ## **Final v3.0** ## **Notes to the financial statements** **----- Start of picture text -----**
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
**----- End of picture text -----**
Page 20 of 29 ## **Sheffield St. Mark Broomhill** ## **Final v3.0** ## **Notes to the financial statements** **----- Start of picture text -----**
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.
**----- End of picture text -----**
Page 21 of 29 **----- Start of picture text -----**
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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Page 22 of 29 **----- Start of picture text -----**
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.b Social House investment
Analysis of Net Book Value by Fund at 31 December 2021 (2020)
Social Investment - 64,207 - - 64,207 - 67,263 - - 67,263
Total Net Book Value by Fund - 64,207 - - 64,207 - 67,263 - - 67,263
Analysis by asset type Social Investment Totals
£ £ £ £
Actual/Deemed Cost At 1 January 2021 76,440 - 76,440
Additions in year:
None - - - -
Disposals
None - - - -
- - - -
Total additions in year
- - -
Total disposals in year
At 31 December 2021 76,440 - - 76,440
Depreciation At 1 January 2021 9,177 - - 9,177
Charge for the year 3,056 - 3,056
- -
eliminated on disposals
At 31 December 2021 12,233 - - 12,233
Net Book Value At 31 December 2021 64,207 - - 64,207
At 31 December 2020 67,263 - - 67,263
**----- End of picture text -----**
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). Page 23 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**
**£**
**£**
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**| 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 D￿ember 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 eXa￿lner'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 Charte￿d A¢¢ouniAnts Englattd and Wales. which is one of the lisied bodies. I have completed my e￿Mination. 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¢sP￿t.. 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$- or the accounts do noi cornply with the appli￿ble requirements ¢ort¢¢mithg th¢ forni and ¢oni¢n¢ of accoun15 Sei out in the Charities (Accounls and R¢portsl Regulations ?008 oih¢r Ihan any r¢quircm¢rtis th81 the occounis give a'irue and lair vlew. whlch is a maner considered as part ol an Independent exAmin811011. I hève no concerns 8nd hAve come across no other m&tters in conrttiion with ihe examination lo which attcntion should b¢ draw# in this T¢Wrt in order 10 enhble proper undeTsthndinB of lh¢ g¢¢ouni$ 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 Page 30 of 30