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2021-12-31-accounts

Charity Registration No. 1128844

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE ANNUAL REPORT AND UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

LEGAL AND ADMINISTRATIVE INFORMATION

Trustees

Mrs E Tooze Mrs J M Luton Mr B Fell Mrs P Woodroffe Mr E Butterley Mr P C Taylor Mr A P Leyland Mrs R Backhouse Mrs L A Marrow Mrs A Wood Rev M M Slyfield Miss J Hulme Mr R Gawel Mrs C Fell Mrs K Barton Mrs H Everatt Mrs J E Parker Mrs M R Overton Mrs M E Shaw Davies Rev L England Ms L Baldry Dr R Beck Rev C Hubbard E Haggis M Matthews J Piercy Mr J Wallace A Warneford

Charity number 1128844 Principal address 29 Bath Road Buxton Derbyshire SK17 6HJ Independent examiner PKF Smith Cooper Limited 7 Compton Street Ashbourne Derbyshire United Kingdom DE6 1BX

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

CONTENTS

Page
Trustees' report 1 - 7
Independent examiner's report 8
Statement of financial activities 9 - 10
Balance sheet 11
Notes to the financial statements 12 - 22

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

TRUSTEES' REPORT

FOR THE YEAR ENDED 31 DECEMBER 2021

The Trustees present their annual report and financial statements for the year ended 31 December 2021.

The accounts have been prepared in accordance with the accounting policies set out in note1 to the accounts and comply with the Charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016)

Objectives and activities

The Charity's objects are bringing people to faith and faith to people.

The Trustees have paid due regard to guidance issued by the Charity Commission in deciding what activities the Charity should undertake.

Achievements and performance

2021. A Financially Challenging Year

The Parish started its year hopeful with the arrival of vaccines, (albeit to the senior members of our communities and those who were at greater risk) that some version of normality would quickly return and that would see our churches fully open for services and community events. This still has not happened yet, but the recovery is in process. The pandemic didn’t just make people ill, it caused some continuing illness and untimely loss of life. It was difficult for everyone, the virus seemed to shape our lives and with sickness there was anxiety and emotional distress.

During the periods the churches were closed for services, the Parish was fortunate that other forms of worship were developed. These included on-line and also an over the telephone system for those parishioners who did not utilise the internet offerings.

We are also grateful for support and help given to The Team Rector, and Curate by non-stipendiary clergy, retired clergy, licensed readers and worship leaders during the year. At the beginning of August , we saw the retirement of Rev John Overton, Associate Priest. We are all grateful for his service and wisdom. The church also organised a limited stewardship campaign, to which the congregations responded and giving through the bank increased by almost 7.5% on the previous year.

Financial review

The net surplus of the Parish was £4 4 7. The previous year there had been net expenditure (Loss) of £71 , 277. The Parish did not pay in full its Common Fund request to the Diocese. The PCC took the difficult decision, after paying in full for six months, an amount of £38 , 957, to cease further donations to the Diocese, as income fell short of expenditure and the resulting drain on reserves was becoming too great.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

St John's

The church had a net expenditure of £15 ,548 . The previous year the net expenditure had been £23 , 552. This deficit is a result of continuing expenditure at a time when the church was either closed or was unable to raise funds due to lockdown or social distancing rules. Added to this, the average size of the Sunday morning congregation fell to 41 from 58 in 2019.

The congregation were fortunate to be led by churchwardens Jean Luton and Roger Beck and with continuing support from Bishop Jack Nicholls , met for Sunday Eucharist Services on 36 occasions, having been closed from early January to the end of March. This was a magnificent achievement in the face of continuing difficulties. There were also 3 Festival Masses, 3 G&S Festival services,1 Civic service, 2 Memorial services and 2 Funerals. The International Buxton Festival returned, which added to the income of the church. The church was also able to welcome other visiting choirs and grateful thanks is extended to Buxton Musical Society for their much appreciated, continuing support.

The church continued its investments in infrastructure. These included a substantial upgrade to the main church lighting scheme. There was also an upgrade to the sound system installation. This was funded by a legacy from the Will of Keith and Pat Robinson.

The church also plans improvements to the access from the road by installation of a handrail and lighting upgrades and further enhanced lighting facilities in the choir stalls.

St Anne's

The church had net surplus of £7,519. The previous year the net expenditure had been £8,743. Substantial financial support is still given to this church through bequests.

There were no services held on any Sundays during the year, but a regular Holy Communion Service started each Wednesday at the beginning of December, which has attracted a small, but faithful following. The church was also open for private prayer on two occasions each week for most of the year. It is a sacred church in which to pray and its peace has been sought by many residents of the town from many different congregations.

A new sound system has been installed in the church, following the demise of the old organ. Work has been completed on the roof, to keep the structure wind and water tight.

It is planned to carry out work in the gardens in 2022, seeking to improve them as a place of peace and tranquility.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

St Mary's

The church had net surplus of £933. The previous year the net expenditure had been £12,596. The church reopened for services on 4th April, following a further national lockdown. The average size of the Sunday morning congregation reduced to 33 from 46 in 2019. During the year the church had 21 Sunday services of Holy Communion, 21 on line Jigsaw church meetings, 1 Family Baptism, 13 Funerals, 7 Burial of Ashes and 1 Wedding celebration. This was a huge offering by the church, which was led by churchwardens, Jill Hulme and Eric Butterley. The wardens also maintained contact with the congregation by email, telephone and where permitted, visits.

The church hosted a Parish Communion service on Ascension Day. The church also had 3 Festival fringe events in July. Unfortunately the famous Garden Party was cancelled for the second year, but the Folk Carol concert did joyously return after a one year absence. The church took part in the Baby Loss Awareness week and organised a service/ meditation in October. The High Peak Signing Choir met in the church from Spring and many new members learnt the skills of signing.

In the coming years, the church is looking to invest in a new sound system and become internet capable. It also seeks to install kitchen facilities and toilet upgrades.

Christ Church Burbage

The church had net surplus of £18,434. The previous year, net expenditure had been £12,980. The church was closed for Sunday services, due to the national lockdown until the beginning of April. The average size of the Sunday morning congregation has reduced to 17 from 21 in 2019, however the church remained open the whole year for funerals.

During the year the church had 17 services of Holy Communion, 5 All age services (2 with baptism), 1 service for the Giving of a Childs Life, 17 funerals, 2 graveside funerals, 3 burial of ashes, 1 burial following funeral at the Methodist church, 2 Wedding celebrations and 1 service of thanksgiving for pets. The church also commemorated Remembrance Day at the Cenotaph, supported by Burbage Brass Band and uniformed organisations and afterwards with a service of Holy Communion in the church. The church also held a Christmas Fair in early December, in order to help raise funds for the church and as a service to the local community.

The church is led by churchwardens, Maggie Davies and Ann Wood. Anne also organised the regular work parties looking after the church grounds and graveyard. The enormity of the work carried out by both churchwardens cannot be overstated. The disruption to the pre pandemic normal service pattern continued to impact throughout the year.

It is planned in the very near future to re-tarmac the car parking and access road area, which is a fairly major undertaking and it is also hoped to install an automatic winding system to the clock in the tower.

St James'

The church had net expenditure of £2,052. The net expenditure in the previous year was £4,627. The church had closed at the start of the first lockdown in 2020 and sadly did not reopen for services until July 2021. There were a total of 6 Sunday services in the second half of the year. The average size of the congregation fell to 12 from 14 in 2019

Due to age of the small congregation and continuing building condition issues, the PCC formed a small sub committee to investigate the future of the building as a worshipping church. The church is in a poor state of repair, mainly due to the effects of weathering and original building deficiencies.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Christ the King , King Sterndale

The church had net expenditure of £3,573. The net expenditure in the previous year was £5,136. The church which is led by longstanding churchwardens, Hazel Everett and Paul Taylor, was closed for services until the beginning of April. The average size of the Sunday congregation has increased to 14 from 10 in 2019. It was also open daily for private prayer from January onwards. The church has still not returned to its pre-pandemic cycle of services. In the remaining three quarters of the year there was an average of 5 Sunday services each quarter. There were also 2 Wedding celebrations in August.

This beautiful church is often visited by walkers, who are out in the area, and can enjoy the peace and serenity inside the church and it’s grounds. On going maintenance has been carried out to the roof area to ensure it is wind and water tight.

King Sterndale Hall

The hall had a net expenditure of £385 in the year. In the previous year it had a net expenditure of £885. Lockdowns and social distancing rules made it very difficult for any community events to be organised.

Bath Road Centre

The Centre continues under the dedicated and resourceful control of Jennie Parker. The Parish continued to be blessed with the services of Jennie and the support she brings to all the clergy, group leaders and the churches in the Parish.

The lockdown during the first three months of the year and the requirements of social distancing measures until July, meant that income from letting was still not back to pre-pandemic levels. Income from lettings did however, increase to £7 , 600 . In 2020 income had been £5 , 851.

The work to reorder the offices was completed during the year. We now have two offices and a small room for meetings. It is planned to redecorate the main hall and kitchen during 2022.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Central

Our central costs of running the Parish were £20 , 414 down from £28 , 113, in the previous year. Other financial figures of note this year for the parish include: -

Church Collections - £ 13,689 ( 2020: £6,646, 2019 : £31,683) Fees - £ 14 , 35 1 ( 2020: £5,821, 2019 : £27,733) Fund Raising - £ 993 ( 2020 £4,147, 2019 : £18,270) Standing Orders - £ 38 , 914 ( 2020 £36,271, 2019 : £35,181) Gift Days - £ 40 ( 2020: £896, 2019 : £3,191) Rent rec'd - £ 15,640 ( 2020 £7,351, 2019 : £24,485) Total Income - £ 146,093 ( 2020 £94,133, 2019 : £219,936)

Church Maintenance - £ 25,349 ( 2020: £12,234, 2019 : £33,755) Clergy Expenses - £ 1,989 ( 2020: £1,845, 2019 : £3,912) Common Fund - £ 38,957 ( 2020: £75,469, 2019 : £73,056) Total Expenses - £1 45,685 ( 2020: £165,410, 2019 : £227,122)

Surplus - £447 ( 2020: Deficit - (£74,899), 2019 : Deficit - (£7,186))

The cost at a central level of operating the Parish and Common Fund payments are divided between the churches in proportion with their per capita distribution of half the electoral roll and half the usual Sunday adult attendees.

The PCC strongly recognise the benefit of Gift Aid Giving by Standing Order and hopes more givers will join the scheme as it guarantees a church's income, (especially during periods of closure or non-attendance), streamlines the administrative work and allows us to plan for the future with more certainty. It is also worth noting that our banks no longer welcome large amounts of small denomination deposits and will in future reserve the right to charge for this facility.

The Treasurers and the PCC are grateful to everyone for their generosity whether they gave financially or with their talents or with both.

The Trustees have assessed the major risks to which the Charity is exposed, and are satisfied that systems are in place to mitigate exposure to the major risks.

Structure, governance and management

The charity is controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

The Trustees who served during the year and up to the date of signature of the financial statements were: Mrs E Tooze Mrs J M Luton Mr B Fell Mrs P Woodroffe Mr E Butterley Mr P C Taylor Mr A P Leyland Mrs R Backhouse Mrs L A Marrow Mrs A Wood Rev M M Slyfield Miss J Hulme Mr R Gawel

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

Mr E Thompson (Resigned 25 May 2021) Mrs C Fell Mrs K Barton Mrs H Everatt Mrs J E Parker Mrs M R Overton Mrs M E Shaw Davies Rev J Overton (Retired 3 August 2021) Rev L England Ms L Baldry Dr R Beck Rev C Hubbard E Haggis M Matthews J Piercy Mr J Wallace A Warneford

All trustees are appointed at the Annual General Meeting.

The People Involved

Philip Leyland was re-elected as Parish Treasurer at the delayed AGM on the 25th May 2021 and with the assistance of Rosie Shipley, Finance Assistant, and help from Jennie Parker, Parish Administrator, and external resources, processed all the paperwork in the office, recording payments in and out during 2021. Philip was supported by the Treasurers from the churches in the Parish and the Wardens. Additional help was given by Eric Thompson, Ian Armett, Simon Marrow and Robin Cundill who handled VAT and Gift Aid recovery procedures. Many thanks go out to all these very special people. The Parish continues to be very fortunate to have their freely given time and expertise.

Grateful thanks are also extended to all clergy, especially Rev Liz England, (who continued to suffer illness caused by long-Covid), Rev Catrin Hubbard and Rev Margaret Slyfield. Also to church members, who gave their time and talents in prayer, worship, mission, fund raising, administration, maintenance, gardening, cleaning, providing refreshments, safeguarding, outreach and supporting one another to further the life of our churches here in Buxton Parish.

It was another difficult year for the whole of society and our churches and congregations were not immune from this. We were subject to further limitations on our ability to meet freely and this continued to have impact on church openings and church attendances. Sadly, a number of Parish organised activities came to an end. Including the branches if the Mothers Union, the Luncheon Club and Welcome Wednesdays. Happily some new ventures started, including a Pizza Party for younger adults.

The full PCC met on a number of occasions. Where it was possible and allowed these were physical meetings (including the 2021 Annual Meeting). Where it wasn’t possible there were a number of Zoom PCC meetings.

During 2021 copies of the quarterly accounts were distributed to the trustees during the year. Financial updates were given at the various meetings.

The PCC seamlessly moved its main banking facility from RBS to the Co- operative Bank during the year.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

TRUSTEES' REPORT (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

The Data

The 2021 Financial Statements were presented to the PCC at its meeting on the 5th April 2022. The PCC recommended that the reports be presented for approval at its AGM on the 10th May 2022, following published copies in draft form having been in all six churches for at least 14 days prior to the Annual Meeting.

The Trustees' r eport was approved by the Board of Trustees.

..............................

Trustee Dated: .........................

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

INDEPENDENT EXAMINER'S REPORT

TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

I report to the Trustees on my examination of the financial statements of The Parochial Church Council of the Ecclesiastical Parish of Buxton with Burbage and King Sterndale (the Charity) for the year ended 31 December 2021.

Responsibilities and basis of report

As the Trustees of the Charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (the 2011 Act).

I report in respect of my examination of the Charity’s financial statements carried out under section 145 of the 2011 Act . In carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the 2011 Act.

Independent examiner's statement

Your attention is drawn to the fact that the charity has prepared financial statements in accordance with Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) in preference to the Accounting and Reporting by Charities: Statement of Recommended Practice issued on 1 April 2005 which is referred to in the extant regulations but has now been withdrawn.

I understand that this has been done in order for financial statements to provide a true and fair view in accordance with Generally Accepted Accounting Practice effective for reporting periods beginning on or after 1 January 2015.

I have completed my examination. I confirm that no matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

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

PKF Smith Cooper Limited

7 Compton Street Ashbourne Derbyshire DE6 1BX United Kingdom

Dated: .........................

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

STATEMENT OF FINANCIAL ACTIVITIES INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2021

Unrestricted
Restricted Endowment
funds
funds
funds
2021
2021
2021
Notes
£
£
£
Income from:
Donations and legacies
2
108,797
-
-
Charitable activities
3
31,570
-
-
Investments
4
1,138
-
-
Total income
141,505
-
-
Expenditure on:
Raising funds
5
54
-
-
Charitable activities
6
114,091
10,267
-
Other
9
21,410
-
-
Total resources expended
135,555
10,267
-
Net gains/(losses) on investments
10
4,764
-
-
Net income/expenditure
10,714
(10,267)
-		 TotalUnrestricted
Restricted Endowment
funds
funds
funds
2021
2020
2020
2020
£
£
£
£
108,797
70,994
-
-
31,570
19,368
-
-
1,138
1,925
-
-
141,505
92,287
-
-
54
62
-
-
124,358
139,650
8,447
-
21,410
20,072
775
-
145,822
159,784
9,222
-
4,764
2,134
-
-
447
(65,363)
(9,222)
-		 Total
2020
£
70,994
19,368
1,925
92,287
62
148,097
20,847
169,006
2,134
(74,585)

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

STATEMENT OF FINANCIAL ACTIVITIES (CONTINUED) INCLUDING INCOME AND EXPENDITURE ACCOUNT

FOR THE YEAR ENDED 31 DECEMBER 2021

Net movement in funds
Fund balances at 1 January 2021
Fund balances at 31 December 2021		 10,714
287,121
297,835		 (10,267)
34,575
24,308		 -
1,086
1,086		 447
322,782
323,229		 (65,363)
352,484
287,121		 (9,222)
43,797
34,575		 -
1,086
1,086		 (74,585)
397,367
322,782

The statement of financial activities includes all gains and losses recognised in the year.

All income and expenditure derive from continuing activities.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

BALANCE SHEET

AS AT 31 DECEMBER 2021

Notes
Fixed assets
Tangible assets
11
Investments
12
Current assets
Debtors
13
Cash at bank and in hand
Creditors: amounts falling due within
one year
14
Net current assets
Total assets less current liabilities
Capital funds
Endowment funds - general
15
Income funds
Restricted funds
16
Unrestricted funds		 2021
£
-
278,419
278,419
(6,885)		 £
13,780
37,915
51,695
271,534
323,229
1,086
24,308
297,835
323,229		 2020
£
3,678
266,906
270,584
(4,013)		 £
23,060
33,151
56,211
266,571
322,782
1,086
34,574
287,122
322,782

The accounts were approved by the Trustees on .........................

.............................. .............................. Mr A P Leyland Rev L England Trustee Chair of Trustees

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

Charity information

The Parochial Church Council of the Ecclesiastical Parish of Buxton is a charity controlled by its governing document, a deed of trust, and constitutes an unincorporated charity.

1.1 Accounting convention

The accounts have been prepared in accordance with the Charity's governing document, the Charities Act 2011 and “Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102)” (as amended for accounting periods commencing from 1 January 2016). The Charity is a Public Benefit Entity as defined by FRS 102.

The Charity has taken advantage of the provisions in the SORP for charities applying FRS 102 Update Bulletin 1 not to prepare a Statement of Cash Flows.

The financial statements have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a true and fair view. This departure has involved following the Statement of Recommended Practice for charities applying FRS 102 rather than the version of the Statement of Recommended Practice which is referred to in the Regulations but which has since been withdrawn.

The financial statements are prepared in sterling , which is the functional currency of the Charity . Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2 Going concern

At the time of approving the financial statements, the Trustees have a reasonable expectation that the Charity has adequate resources to continue in operational existence for the foreseeable future. Thus the Trustees continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3 Charitable funds

Unrestricted funds are available for use at the discretion of the Trustees in furtherance of their charitable objectives.

Restricted funds are subject to specific conditions by donors as to how they may be used. The purposes and uses of the restricted funds are set out in the notes to the financial statements.

Endowment funds are subject to specific conditions by donors that the capital must be maintained by the Charity.

1.4 Incoming resources

Income is recognised when the Charity is legally entitled to it after any performance conditions have been met, the amounts can be measured reliably, and it is probable that income will be received.

Cash donations are recognised on receipt. Other donations are recognised once the Charity has been notified of the donation, unless performance conditions require deferral of the amount. Income tax recoverable in relation to donations received under Gift Aid or deeds of covenant is recognised at the time of the donation.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

(Continued)

Legacies are recognised on receipt or otherwise if the Charity has been notified of an impending distribution, the amount is known, and receipt is expected. If the amount is not known, the legacy is treated as a contingent asset.

Expenditure is recognised once there is a legal or constructive obligation to transfer economic benefit to a third party, it is probable that a transfer of economic benefits will be required in settlement, and the amount of the obligation can be measured reliably.

Expenditure is classified by activity. The costs of each activity are made up of the total of direct costs and shared costs, including support costs involved in undertaking each activity. Direct costs attributable to a single activity are allocated directly to that activity. Shared costs which contribute to more than one activity and support costs which are not attributable to a single activity are apportioned between those activities on a basis consistent with the use of resources. Central staff costs are allocated on the basis of time spent, and depreciation charges are allocated on the portion of the asset’s use.

1.5 Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Plant and equipment 20% Straight line Church fixtures and fittings 25% Straight line Office equipment 20% Straight line

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is recognised in the statement of financial activities .

1.6 Fixed asset investments

Fixed asset investments are initially measured at transaction price excluding transaction costs, and are subsequently measured at fair value at each reporting date. Changes in fair value are recognised in net income/(expenditure) for the year . Transaction costs are expensed as incurred.

1.7 Impairment of fixed assets

At each reporting end date, the Charity reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any ) .

1.8 Cash and cash equivalents

Cash and cash equivalents include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

1 Accounting policies

(Continued)

1.9 Financial instruments

The Charity has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the Charity 's balance sheet when the Charity becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Basic financial liabilities

Basic financial liabilities, including creditors and bank loans are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future p aymen ts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of operations from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the Charity ’s contractual obligations expire or are discharged or cancelled.

1.10 Employee benefits

The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.

Termination benefits are recognised immediately as an expense when the Charity is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

1.11 Retirement benefits

Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

2 Donations and legacies

Regular giving
Grants
Sundry donations
Gift aid
Collections
Gift days
Appeals and donations		 2021
£
38,914
500
13,726
11,332
13,689
40
30,596
108,797		 2020
£
36,271
1,669
4,401
15,659
6,646
486
5,862
70,994

3 Charitable activities

Charitable Charitable
Income Income
2021 2020
£ £
Fundraising events 1,058 4,780
Lettings of church properties 15,640 7,351
Fees 14,528 5,821
Sundry income 344 1,416
31,570 19,368

4 Investments

2021 2020
£ £
Dividends and interest 1,138 1,925

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)

FOR THE YEAR ENDED 31 DECEMBER 2021

5 Raising funds
Unrestricted
funds
2021
£
Fundraising and publicity
Cost of fund raising events
54
54		 Total
2020
£
62
62

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

6 Charitable activities

Charitable
Charitable
Expenditure
Expenditure
2021
2020
£
£
Staff Costs 17,517
16,893
Common fund 38,956
75,470
Clergy expenses 1,213
2,479
Church running expenses 21,168
24,341
Church maintenance 36,419
20,772
Church hall costs 4,678
3,167
Provisions for worship 1,154
526
Organists and vergers 219
160
Outreach and youth work 44
-
Charitable giving -
1,836
Honorarium 1,555
690
Missions and Charities
1,435
1,763
124,358
148,097
124,358
148,097
Analysis by fund
Unrestricted funds 114,091
139,650
Restricted funds 10,267
8,447
124,358
148,097
For the year ended 31 December 2020
Unrestricted funds 139,650
Restricted funds 8,447
148,097

7 Trustees

Remuneration of £12,870 (2020: £12,870) and pension contributions of £663 (2020: £554) were paid in respect of Mrs J Parker, a trustee solely for her work as the parish's administrator.

The trustees Rev Cocking and Rev England were reimbursed a total of £ 1,904 for expenses in relation to their duties as clergy of the parish ( 2020: £ 1,200 ).

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

8 Employees

Number of employees

The average monthly number of employees during the year was:

2021 2020
Number Number
2 2
Employment costs 2021 2020
£ £
Trustees' salaries 12,870 12,870
Staff salaries 2,080 2,079
Trustees' pensions paid 663 554
Trustees' expenses 1,904 1,200
RF CA1 - Trustee' expenses - 190
17,517 16,893

No employees received emoluments in excess of £60,000.

9 Other

Unrestricted Restricted
funds
funds
Depreciation
10,361
-
Bank charges
8
-
Telephone and postage
883
-
Printing and stationery
1,677
-
Advertising
1,102
-
Sundries
1,697
-
Accountancy
5,682
-
21,410
-
For the year ended 31 December 2020
20,072
775		 Total
2021
£
10,361
8
883
1,677
1,102
1,697
5,682
21,410		 Total
2020
£
9,848
28
752
2,333
175
2,503
5,208
20,847
20,847

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

10 Net gains/(losses) on investments

Unrestricted
funds
2021
£
Revaluation of investments
4,764
Tangible fixed assets
Plant and
equipment
Church
fixtures and
fittings
Office
equipment
£
£
£
Cost
At 1 January 2021
5,837
43,501
8,553
Additions
1,080
-
-
At 31 December 2021
6,917
43,501
8,553
Depreciation and impairment
At 1 January 2021
1,657
28,396
4,778
Depreciation charged in the year
1,029
8,170
1,161
At 31 December 2021
2,686
36,566
5,939
Carrying amount
At 31 December 2021
4,231
6,935
2,614
At 31 December 2020
4,180
15,105
3,775		 Total
2020
£
2,134
Total
£
57,891
1,080
58,971
34,831
10,360
45,191
13,780
23,060

11 Tangible fixed assets

12 Fixed asset investments

Fixed asset investments
Listed
investments
£
Cost or valuation
At 1 January 2021 & 31 December 2021 33,151
Carrying amount
At 31 December 2021 33,151
At 31 December 2020 33,151

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

13
Debtors
Amounts falling due within one year:
Prepayments and accrued income
14
Creditors: amounts falling due within one year
Trade creditors
Other creditors		 2021
£
-
2021
£
2,791
4,094
6,885		 2020
£
3,678
2020
£
2,729
1,284
4,013

15 Endowment funds

Endowment funds represent assets which must be held permanently by the Charity. Income arising on the endowment funds can be used in accordance with the objects of the Charity and is included as unrestricted income. Any capital gains or losses arising on the assets form part of the fund.

Movement in funds
Balance at 1 Incoming Resources Balance at 31
January resources expended December
2021 2021
£ £ £ £
Permanent endowments
St John's endownment 313 - - 313
Burbage graveyard endowment 773 - - 773
1,086 - - 1,086

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

16 Restricted funds

The income funds of the charity include restricted funds comprising the following unexpended balances of donations and grants held on trust for specific purposes:

Movement in funds Movement in funds
Balance at Incoming Resources Balance at
1 January 2021 resources expended 31 December
2021
£ £ £ £
St Johns Music 545 - - 545
St Anne's fabric 2,606 - - 2,606
St Anne's minor renovations 437 - (437) -
Christ Church Burbage fabric 3,189 - - 3,189
St James' fabric 9,172 - - 9,172
Christ Church King Sterndale fabric 7,731 - - 7,731
Christ Church King Sterndale churchyard 236 - - 236
Christ Church King Sterndale youth work 207 - (37) 170
Outreach 415 - (44) 371
World War One commemoration 51 - - 51
St John's lighting 4,801 - (4,801) -
Burbage Graveyard 685 56 (504) 237
Bingham Trust Grant (Lighting) 4,500 - (4,500) -
34,575 56 (10,323) 24,308
17 Analysis of net assets between funds
Unrestricted
Restricted
Endowment		 Total Total
funds
funds
funds
2021
2021
2021		 2021 2020
£
£
£		 £ £
Fund balances at 31 December
2021 are represented by:
Tangible assets 13,780
-
-		 13,780 23,060
Investments 37,915
-
-		 37,915 33,151
Current assets/(liabilities) 271,534
-
-		 271,534 266,571
323,229
-
-		 323,229 322,782

18 Related party transactions

There were no disclosable related party transactions during the year (2020 - none) .

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF BUXTON WITH BURBAGE AND KING STERNDALE

NOTES TO THE FINANCIAL STATEMENTS (CONTINUED) FOR THE YEAR ENDED 31 DECEMBER 2021

19 Affiliated societies and groups

The affiliated societies and groups of the parish are considered not to be under the direct control of the parish, consequently their incoming resources and resources used have not been incorporated into the financial statements 2021 year end. The funds held by the above at 31 December 2021 were:

£ Anglican Women's Fellowship 345