PARISH CHURCH OF ST AUGUSTINE OF CANTERBURY THORPE BAY Registered charity number 1128847
ANNUAL REPORT
and
FINANCIAL STATEMENTS
of the
PAROCHIAL CHURCH COUNCIL
FOR THE YEAR ENDED 31st DECEMBER 2021
council chairman
MRS MARGARET RIDLEY 83 Parkanaur Avenue Thorpe Bay Essex SS1 3JA
bankers
BARCLAYS BANK PLC Southend-on-Sea Business Centre
independent examiner
MR GRAHAM LANE FCA
THE PAROCHIAL CHURCH COUNCILST AUGUSTINE OF CANTERBURY THORPE BAY
Registered charity number 1128847
ANNUAL REPORT FOR 2021
BACKGROUND
The St Augustine’s Parochial Church Council (The PCC) is a registered charity which has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has responsibilities for the nearby Church Hall.
MEMBERSHIP
Members of the PCC are trustees of the charity and are either ex officio or elected by the Annual Parochial Church Council Meeting (APCM) in accordance with the Church Representation Rules. The PCC can also appoint co-opted members.
During the year the following served as members of the PCC –
Incumbent Rev Canon J Collis (until September 2021) Wardens Mrs M Brewer (until May 2021) Mr P Harrison (from July 2021) Mr W M Wilcox
Deanery Synod Representatives – Lay Canon L Barnard, Mr M Everett, Mrs M Ridley (PCC chairman and secretary).
Elected Members – Mrs B Black, Mrs M Brewer (from May 2021) Dr P Chisnell, Mrs K Kindley (to May 2021), Mr C Russell (PCC Treasurer), Mr I Stobart, Mr B Wadley-Smith, Mr J Watson.
Co-opted members – Mrs M Dugdale (from May 2021), Mrs K Kindley (from May 2021)
The full PCC met 3 times during the year to deal with general business and on a further 4 occasions to discuss matters relating to the forthcoming vacancy. The Standing Committee met as and when required and duly reported to the PCC.
CHURCH ATTENDANCE
At the beginning of the year there were 185 names on the electoral roll of whom 68 were resident in the parish. At 31st December the numbers were 176 and 68. Lockdown during the early part of the year meant that no public worship could be held until late in February. Subsequently numbers attending the weekly services gradually increased until further restrictions were imposed in the autumn. It was not possible to cater for the children at the parish communion services.
REVIEW OF THE YEAR
( a) Fabric and Furnishings
Further repointing was carried out. A gift in memory of Rita Piller was used to replace altar frontings and refurbish the chalice. The sound system was upgraded thanks to gifts from two members of the congregation
(b) Church Hall
Because of lockdown the hall was out of commission for most regular and all casual users until July. Subsequently regular users gradually resumed activities and at most weekends there were children’s parties and other casual activities
(1)
(c) Outreach and Social
For the second year running very few social events were possible. The monthly 100 club continued but the number of participants dwindled. On the plus side there were more baptisms (25) in 2021 compared to 4 in 2020 and 41 in 2019. There was a socially distanced confirmation service at which five of our own candidates were confirmed. There were 19 funerals (2020 – 20) of which 8 were in church (2020 – 3). The bi monthly magazine is read by a large number of parishioners and others and as well as being a source of information of parish activities made a contribution of £1005 to parish finances (2020 - £556).
(d) Personnel
We were saddened to lose the services of our incumbent Rev Canon Jonathan Collis at the end of September after 12 years in office. Jonathan had overseen many changes and despite the challenge of COVID left the parish thriving. During the interregnum the parish has benefitted from the ministry of Canon Stephen Burdett, Canon Michael Ballard, Rev Frank Smith and Lay Canon Linda Barnard.
(e) Finance
Despite Covid 19 the parish finances kept on an even keel during the year. Although regular contributions showed a small decrease, plate collections, church hall income and occasional offices went some way to reaching their pre COVID levels. We were grateful to receive a legacy from the estate of Michael Porter and the final instalment from the estate of Ivy Atkins. We showed a surplus of £4,032 in unrestricted funds, and net gains of £7,605 in the market value of our unrestricted investments meant that in total our available unrestricted funds increased by £11,637. Unrestricted funds amounted to £56,126 (2020 - £44,489) and the Restricted funds amounted to £787,862 (2020 - £781,164).
(f) Reserves
The PCC policy is to transfer one half of any unrestricted legacy received to a contingency fund which is invested in CCLA accumulating shares when such funds are available. At the end of 2021 the PCC held shares to the value of £50,313 (original cost £28,531) in unrestricted funds and further shares to value of £11,658 (original cost £6,596) in the restricted organ restoration fund, £15,679 in the proposed extension fund (original cost £12,250) and £814 (original cost £750) in the youth development fund.
(g) Utilities and Insurance
The parish uses the services of the diocesan energy advisor to ensure that the energy costs of the church and church hall are kept to a minimum. The church and hall electricity supply contracts are both with Opus Energy. The church contract is for two years expiring in 2022 and the hall contract for four years expiring in 2023. The hall gas supplier, Contract Natural Gas, ceased to operate in November and we are now locked into a one year agreement with Pozitive Energy expiring in November 2022. There is no gas supply to the church. A comprehensive review of the Church and Hall insurance policies was last carried out in 2016.
ON BEHALF OF THE PCC
MRS MARGARET RIDLEY
(2)
INDEPENDENT EXAMINER’S REPORT TO THE PCC OF ST AUGUSTINE OF CANTERBURY THORPE BAY FOR THE YEAR ENDED 31ST DECEMBER 2021
RESPONSIBILITIES AND BASIS OF REPORT
As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (the Act).
I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145 (5) (b) of the Act.
Independent examiner’s statement
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1 accounting records were not kept in respect of the Trust as required by section 145 of the Act; or
2 the accounts do not accord with those records; or
3 the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirements that the accounts give a ‘true and fair view’ which is not a matter considered as part of an independent examination.
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 accounts to be reached.
16th March 2022
MR GRAHAM LANE FCA 43, TYRONE ROAD. SOUTHEND-ON-SEA SS1 3HE
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PAROCHIAL CHURCH COUNCIL
ST AUGUSTINE OF CANTERBURY THORPE BAY
STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31st DECEMBER 2021
INCOME & EXPENDITURE
| 2020 | 2020 | NOTE | FUNDS RESTRICTED | FUNDS RESTRICTED | TOTAL | TOTAL | ||||
|---|---|---|---|---|---|---|---|---|---|---|
| TOTAL | UNRESTRICTED | FUNDS | FUNDS | |||||||
| INCOMING RESOURCES | ||||||||||
| 121,281 | Voluntary Income | 2(a) | 101,299 | 15,378 | 116,677 | |||||
| 3,478 | Activities for Generating Funds | 2(b) | 4,381 | 1,200 | 5,581 | |||||
| 11,479 | Income from Church Activities | 2(c) | 22,252 | 22,252 | ||||||
| 18 | Interest Receivable | 2(d) | 3 | 3 | ||||||
| £136,256 | TOTAL INCOMING RESOURCES | £127,935 | £16,578 | £144,513 | ||||||
| RESOURCES EXPENDED | ||||||||||
| 201 | Cost of Generation of Voluntary Income | 3(a) | 233 | 233 | ||||||
| 1,736 | Fundraising Costs | 3(b) | 2,070 | 960 | 3,030 | |||||
| 2,356 | Grants | 3(c) | 175 | 3,644 | 3,819 | |||||
| 127,275 | Church Activities | 3(d) | 121,425 | 9,488 | 130,913 | |||||
| £131,568 | TOTAL RESOURCES EXPENDED | £123,903 | **£14,092 ** | £137,995 | ||||||
| £4,688 | NET MOVEMENT IN FUNDS | **£4,032 ** | £2,486 | £6,518 | ||||||
| 815,985 | BALANCE IN HAND AT 1st JANUARY 2021 | 44,489 | 781,164 | 825,653 | ||||||
| (95) | REALISED LOSSES ON INVESTMENTS |
|||||||||
| 5,075 | UNREALISED GAINS ON INVESTMENTS | 7,605 | 4,212 | 11,817 | ||||||
| 4,688 | NET MOVEMENT IN FUNDS AS ABOVE | 4,032 | 2,486 | 6,518 | ||||||
| £825,653 | BALANCE IN HAND AT 31st DECEMBER 2021 | £56,126 | 787,862 | £843,988 |
The notes on pages 6 to 11 form part of these accounts
A full comparative Statement of Financial Activities can be found in note 11
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THE PAROCHIAL CHURCH COUNCIL
ST AUGUSTINE OF CANTERBURY THORPE BAY
BALANCE SHEET AT 31st DECEMBER 2021
| 2020 NOTE £750,000 TANGIBLE FIXED ASSETS 5 CURRENT ASSETS 57,648 Investments at Market Value (cost £48,127) 6 1,757 Debtors & Prepayments 8 1,506 Short Term Cash Deposits 17,835 Cash at Bank and in Hand £78,746 Gross Current Assets £3,093 Creditors - liabilities falling due within a year 9 £75,653 NET CURRENT ASSETS 750,000 Fixed Assets as above £825,653 REPRESENTED AS FOLLOWS Funds 44,489 Unrestricted 781,164 Restricted 10 £825,653 |
£750,000 78,464 2,922 1,506 17,392 £100,284 £6,296 £93,988 750,000 £843,988 56,126 787,862 £843,988 |
|---|---|
| £825,653 | £843,988 |
Approved by the Parochial Church Council on and signed on its behalf
MARGARET RIDLEY (CHAIRMAN) PHILIP HARRISON (CHURCHWARDEN)
17th January 2022
The notes on pages 6 to 10 form part of these accounts
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THE PAROCHIAL CHURCH COUNCIL
ST AUGUSTINE OF CANTERBURY THORPE BAY
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2021
ACCOUNTING POLICIES
The financial statements of the PCC have been prepared under the current Church Accounting Regulations and in accordance with the current Charities SORP 2015.
The financial statements have been prepared under the historic cost convention except for the Church Hall which is shown at the value for insurance purposes. The financial statements include all transactions, assets, and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of church members.
FUNDS
Restricted Funds represent (a) income from trusts or endowments which may be expended only on those restricted objects provided in the terms of the trust or bequest, and (b) donations or grants received for a specific object, or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year is carried forward as a balance on that fund. The PCC does not usually invest separately for each fund.
Unrestricted Funds are general funds which can be used by the PCC for ordinary purposes.
INCOMING RESOURCES
Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally notified as to its entitlement to the amounts due. All other income is recognised when it is receivable. All income is accounted for gross.
RESOURCES USED
Grants and donations are accounted for when paid over or when awarded if the award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for missions are dealt with as restricted funds. All other expenditure is recognised when it is incurred and is accounted for gross.
FIXED ASSETS
Consecrated land and buildings are excluded from the accounts in accordance with the Charities Act.
Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church’s inventory which can be inspected. For anything acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements Subsequently no individual item has cost more than £5,000 so all such expenditure has been written off when incurred. Equipment used in the church and church hall is written off when purchased.
CURRENT ASSETS
Amounts owing to the PCC at 31st December in respect of fees rents or other income are shown as debtors in the balance sheet less provision for any amounts that may prove uncollectible. Short term deposits are sums standing to the credit of the PCC in the Central Board of Finance Church of England Deposit Funds.
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2. INCOMING RESOURCES
|2020
TOTAL
54,666
13,666
6,029
6,094
10,942
22,818
7,066
£121,281
480
2,233
765
£3,478
9,122
1,648
709
£11,479
£18
£136,256|FUNDS RESTRICTED
TOTAL
UNRESTRICTED
FUNDS
FUNDS
2(a) Voluntary Income
Planned giving -
Gift Aid Donations
53,696
53,696
Income Tax recoverable
13.424
13,424
Other planned giving
5,274
5,274
Plate Collections including tax recoveries
10,235
191
10,426
Covid Appeal including tax recoveries
437
437
Legacies
12,833
12,833
Sundry Donations including tax recoveries
3,628
13,187
16,815
Grants
1,772
2,000
3,772
£101,299
£15,378
£116,677
TOTAL 2020
£101,466
£19,835
2(b) Activities for Generating Funds
Donations for Use of Church
440
440
100 Club
2,115
2,115
Other Fundraising**<br>**1,826**<br>**1,200**<br>**3,026**<br>**£4,381 **<br>**1,200**<br>**£5,581 **<br>**TOTAL 2020**<br>**£3478**<br>**2(c) Income from Church Activities**<br>**Church Hall lettings**<br>**17,700**<br>**17,700**<br>**Magazines (including advertisements)**<br>**1,973**<br>**1,973**<br>**Occasional offices**<br>**2,579**<br>**2,579**<br>**£22,252 **<br>**£22,252 **<br>**TOTAL 2020**<br>**£11,479**<br>**2(d) Interest**<br>**Interest receivable**<br>**£3**<br>**£3**<br>**TOTAL 2020**<br>**£16**<br>**£2**<br>**TOTAL INCOMING RESOURCES**<br>**£127,935**<br>**£16,578**<br>**£144,513**<br>**TOTAL 2020**<br>**£116,419**<br>**£15,837**|**FUNDS RESTRICTED**<br>**TOTAL**<br>**UNRESTRICTED**<br>**FUNDS**<br>**FUNDS**<br>**2(a) Voluntary Income**<br>**Planned giving -**<br>**Gift Aid Donations**<br>**53,696**<br>**53,696**<br>**Income Tax recoverable**<br>**13.424**<br>**13,424**<br>**Other planned giving**<br>**5,274**<br>**5,274**<br>**Plate Collections including tax recoveries**<br>**10,235**<br>**191**<br>**10,426**<br>**Covid Appeal including tax recoveries**<br>**437**<br>**437**<br>**Legacies**<br>**12,833**<br>**12,833**<br>**Sundry Donations including tax recoveries**<br>**3,628**<br>**13,187**<br>**16,815**<br>**Grants**<br>**1,772**<br>**2,000**<br>**3,772**<br>**£101,299**<br>**£15,378**<br>**£116,677**<br>**TOTAL 2020**<br>**£101,466**<br>**£19,835**<br>**2(b) Activities for Generating Funds**<br>**Donations for Use of Church**<br>**440**<br>**440**<br>**100 Club**<br>**2,115**<br>**2,115**<br>**Other Fundraising**<br>**
1,826
1,200
3,026
£4,381
1,200
£5,581
TOTAL 2020
£3478
2(c) Income from Church Activities
Church Hall lettings
17,700
17,700
Magazines (including advertisements)
1,973
1,973
Occasional offices
2,579
2,579
£22,252
£22,252
TOTAL 2020
£11,479
2(d) Interest
Interest receivable
£3
£3
TOTAL 2020
£16
£2
TOTAL INCOMING RESOURCES
£127,935
£16,578
£144,513
TOTAL 2020
£116,419
£15,837|FUNDS RESTRICTED
TOTAL
UNRESTRICTED
FUNDS
FUNDS
2(a) Voluntary Income
Planned giving -
Gift Aid Donations
53,696
53,696
Income Tax recoverable
13.424
13,424
Other planned giving
5,274
5,274
Plate Collections including tax recoveries
10,235
191
10,426
Covid Appeal including tax recoveries
437
437
Legacies
12,833
12,833
Sundry Donations including tax recoveries
3,628
13,187
16,815
Grants
1,772
2,000
3,772
£101,299
£15,378
£116,677
TOTAL 2020
£101,466
£19,835
2(b) Activities for Generating Funds
Donations for Use of Church
440
440
100 Club
2,115
2,115
Other Fundraising**<br>**1,826**<br>**1,200**<br>**3,026**<br>**£4,381 **<br>**1,200**<br>**£5,581 **<br>**TOTAL 2020**<br>**£3478**<br>**2(c) Income from Church Activities**<br>**Church Hall lettings**<br>**17,700**<br>**17,700**<br>**Magazines (including advertisements)**<br>**1,973**<br>**1,973**<br>**Occasional offices**<br>**2,579**<br>**2,579**<br>**£22,252 **<br>**£22,252 **<br>**TOTAL 2020**<br>**£11,479**<br>**2(d) Interest**<br>**Interest receivable**<br>**£3**<br>**£3**<br>**TOTAL 2020**<br>**£16**<br>**£2**<br>**TOTAL INCOMING RESOURCES**<br>**£127,935**<br>**£16,578**<br>**£144,513**<br>**TOTAL 2020**<br>**£116,419**<br>**£15,837**|
|---|---|---|---|
||**2(b) Activities for Generating Funds**<br>**Donations for Use of Church**<br>**100 Club**<br>**Other Fundraising**<br>**
TOTAL 2020|||
||2(c) Income from Church Activities
Church Hall lettings
Magazines (including advertisements)
Occasional offices
TOTAL 2020|||
||||£22,252
£22,252 |
||2(d) Interest
Interest receivable
TOTAL 2020|||
||TOTAL INCOMING RESOURCES
TOTAL 2020|||
|||£127,935
£16,578
£144,513||
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3. RESOURCES EXPENDED
| FUNDS RESTRICTED TOTAL UNRESTRICTED FUNDS FUNDS 3a) Cost of generation of voluntary income Stewardship costs £233 £233 2020 TOTAL £201 3b) Fundraising costs 100 Club costs & prizes 1,220 1,220 Costs of other fundraising 850 960 1,810 £2,070 £960 £3,030 2020 TOTAL £1,736 3c) Grants Missionary and charitable giving - Overseas Relief and Development Agencies 420 420 Home Missions and other Church Societies 75 93 168 Secular Based Charities 100 985 1,085 Retiring Curate Retiring Incumbent 2,146 2,146 £175 £3,644 £3,819 2020 TOTAL £75 £2,281 3(d) Church Activities Ministry - Diocesan quota 86,958 86,958 Incumbent’s expenses 2,269 2,269 Assistant clergy costs 71 71 Vicarage costs 227 227 Church & Garden - Running expenses 9,171 2,023 11,194 General repairs & routine maintenance 3,555 221 3,776 Major repairs & refurbishment 7,139 7,139 Cost of services 1,344 105 1,449 Youth & junior Church costs Organist and locum 1,110 1,110 Parish Magazine Costs 968 968 Church Hall - Running expenses 13,832 13,832 Church Hall - Major repairs & refurbishment 800 800 Proposed Extension costs Printing & Stationery 575 575 Subscriptions 110 110 Website 235 235 Publicity & Outreach Sundries 200 200 £121,425 £9,488 £130,913 2020 TOTAL £120,994 £6,281 TOTAL OUTGOING RESOURCES £123,903 £14,092 £137,995 2020 TOTAL £123,006 £8,562 |
FUNDS RESTRICTED TOTAL UNRESTRICTED FUNDS FUNDS 3a) Cost of generation of voluntary income Stewardship costs £233 £233 2020 TOTAL £201 3b) Fundraising costs 100 Club costs & prizes 1,220 1,220 Costs of other fundraising 850 960 1,810 £2,070 £960 £3,030 2020 TOTAL £1,736 3c) Grants Missionary and charitable giving - Overseas Relief and Development Agencies 420 420 Home Missions and other Church Societies 75 93 168 Secular Based Charities 100 985 1,085 Retiring Curate Retiring Incumbent 2,146 2,146 £175 £3,644 £3,819 2020 TOTAL £75 £2,281 3(d) Church Activities Ministry - Diocesan quota 86,958 86,958 Incumbent’s expenses 2,269 2,269 Assistant clergy costs 71 71 Vicarage costs 227 227 Church & Garden - Running expenses 9,171 2,023 11,194 General repairs & routine maintenance 3,555 221 3,776 Major repairs & refurbishment 7,139 7,139 Cost of services 1,344 105 1,449 Youth & junior Church costs Organist and locum 1,110 1,110 Parish Magazine Costs 968 968 Church Hall - Running expenses 13,832 13,832 Church Hall - Major repairs & refurbishment 800 800 Proposed Extension costs Printing & Stationery 575 575 Subscriptions 110 110 Website 235 235 Publicity & Outreach Sundries 200 200 £121,425 £9,488 £130,913 2020 TOTAL £120,994 £6,281 TOTAL OUTGOING RESOURCES £123,903 £14,092 £137,995 2020 TOTAL £123,006 £8,562 |
FUNDS RESTRICTED TOTAL UNRESTRICTED FUNDS FUNDS 3a) Cost of generation of voluntary income Stewardship costs £233 £233 2020 TOTAL £201 3b) Fundraising costs 100 Club costs & prizes 1,220 1,220 Costs of other fundraising 850 960 1,810 £2,070 £960 £3,030 2020 TOTAL £1,736 3c) Grants Missionary and charitable giving - Overseas Relief and Development Agencies 420 420 Home Missions and other Church Societies 75 93 168 Secular Based Charities 100 985 1,085 Retiring Curate Retiring Incumbent 2,146 2,146 £175 £3,644 £3,819 2020 TOTAL £75 £2,281 3(d) Church Activities Ministry - Diocesan quota 86,958 86,958 Incumbent’s expenses 2,269 2,269 Assistant clergy costs 71 71 Vicarage costs 227 227 Church & Garden - Running expenses 9,171 2,023 11,194 General repairs & routine maintenance 3,555 221 3,776 Major repairs & refurbishment 7,139 7,139 Cost of services 1,344 105 1,449 Youth & junior Church costs Organist and locum 1,110 1,110 Parish Magazine Costs 968 968 Church Hall - Running expenses 13,832 13,832 Church Hall - Major repairs & refurbishment 800 800 Proposed Extension costs Printing & Stationery 575 575 Subscriptions 110 110 Website 235 235 Publicity & Outreach Sundries 200 200 £121,425 £9,488 £130,913 2020 TOTAL £120,994 £6,281 TOTAL OUTGOING RESOURCES £123,903 £14,092 £137,995 2020 TOTAL £123,006 £8,562 |
|---|---|---|
| 3b) Fundraising costs 100 Club costs & prizes Costs of other fundraising 2020 TOTAL |
||
| 3c) Grants Missionary and charitable giving - Overseas Relief and Development Agencies Home Missions and other Church Societies Secular Based Charities Retiring Curate Retiring Incumbent 2020 TOTAL |
||
| 3(d) Church Activities Ministry - Diocesan quota Incumbent’s expenses Assistant clergy costs Vicarage costs Church & Garden - Running expenses General repairs & routine maintenance Major repairs & refurbishment Cost of services Youth & junior Church costs Organist and locum Parish Magazine Costs Church Hall - Running expenses Church Hall - Major repairs & refurbishment Proposed Extension costs Printing & Stationery Subscriptions Website Publicity & Outreach Sundries 2020 TOTAL |
||
| £121,425 £9,488 £130,913 |
||
| TOTAL OUTGOING RESOURCES 2020 TOTAL |
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4. STAFF COSTS
During the year the PCC employed an organist, verger, hall manager, hall caretaker, hall cleaners and church cleaner none of whom earned £10,000 or more. Organist’s fees for weddings and funerals are included in the fees charged to and are paid by those using the service and not the PCC. No member of the PCC received any expenses allowance.
5. FIXED ASSETS FOR USE BY THE PCC
The tangible fixed assets consist of the Church Hall. Following an insurance review in 2016 the trustees consider that the value of the building on the open market is £750,000. The title is registered at H M Land Registry number EX859582 and the title deeds are held by the diocese.
The church hall fixtures and fittings are written off in the year of purchase.
No other assets originally costing more than £5,000 were held by the PCC at the date of the balance sheet.
6. INVESTMENTS
The investments consist of accumulation shares in CBF Church of England Investment Fund.
| FUNDS RESTRICTED TOTAL UNRESTRICTED FUNDS FUNDS Market value at 1st January 2021 36,051 21,596 57,647 Additions 6,000 3,000 9,000 Transfer between Funds 657 (657) Net Unrealised Gains 7,605 4,212 11,817 Market value at 31st December 2021 £50,313 £28,151 £78,464 Historical Cost 31st December 2021 £28,531 £19,596 £48.127 31st December 2020 £22,127 £17,000 £39,127 7. ANALYSIS OF NET ASSETS BY FUND 2020 FUNDS RESTRICTED TOTAL TOTAL UNRESTRICTED FUNDS FUNDS 750,000 Fixed Assets 750,000 750,000 57,648 Investments (at Market value) 50,313 28,151 78,464 19,341 Cash & Bank Balances 9,194 9,704 18,898 1,757 Debtors & Prepayments 2,915 7 2,922 £828,746 £62,422 £787,862 £850,284 3,093 Current Liabilities 6,296 6,296 £825,653 Fund Balances £56,126 £787,862 £843,998 8. DEBTORS 1,501 Income Tax Recoverable 1,151 7 1,158 Hall Lettings 1,270 1,270 Contactless donations 52 52 256 Prepayments 442 442 £1,757 £2,915 £7 £2,922 |
FUNDS RESTRICTED TOTAL UNRESTRICTED FUNDS FUNDS Market value at 1st January 2021 36,051 21,596 57,647 Additions 6,000 3,000 9,000 Transfer between Funds 657 (657) Net Unrealised Gains 7,605 4,212 11,817 Market value at 31st December 2021 £50,313 £28,151 £78,464 Historical Cost 31st December 2021 £28,531 £19,596 £48.127 31st December 2020 £22,127 £17,000 £39,127 7. ANALYSIS OF NET ASSETS BY FUND 2020 FUNDS RESTRICTED TOTAL TOTAL UNRESTRICTED FUNDS FUNDS 750,000 Fixed Assets 750,000 750,000 57,648 Investments (at Market value) 50,313 28,151 78,464 19,341 Cash & Bank Balances 9,194 9,704 18,898 1,757 Debtors & Prepayments 2,915 7 2,922 £828,746 £62,422 £787,862 £850,284 3,093 Current Liabilities 6,296 6,296 £825,653 Fund Balances £56,126 £787,862 £843,998 8. DEBTORS 1,501 Income Tax Recoverable 1,151 7 1,158 Hall Lettings 1,270 1,270 Contactless donations 52 52 256 Prepayments 442 442 £1,757 £2,915 £7 £2,922 |
|---|---|
| £825,653 | |
| 8. | |
| **£1,757 ** |
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9. LIABILITIES - AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2,016 Accruals and deferred income 1,077 Creditors for goods and services £3,093 10. STATEMENT OF FUNDS Balance Income Expenditure 1st January 2021 Unrestricted Funds £44,489 £127,935 £123,903 Restricted Funds Church Hall 750,000 Charities & Missions 1 1,978 1,978 Churchyard Fund 494 2,669 2,023 Fabric Fund 1,246 9,552 4,659 Flower Fund 306 50 105 Music Fund 121 Organ Restoration Fund 12,792 183 3,181 Proposed Extension 15,110 Youth Activity & Development 1,094 Gift to Retiring Incumbent 2,146 2,146 £781,164£16,578 £14,092 TOTAL FUNDS £825,653 £144,513 £137,995 |
2,016 Accruals and deferred income 1,077 Creditors for goods and services £3,093 10. STATEMENT OF FUNDS Balance Income Expenditure 1st January 2021 Unrestricted Funds £44,489 £127,935 £123,903 Restricted Funds Church Hall 750,000 Charities & Missions 1 1,978 1,978 Churchyard Fund 494 2,669 2,023 Fabric Fund 1,246 9,552 4,659 Flower Fund 306 50 105 Music Fund 121 Organ Restoration Fund 12,792 183 3,181 Proposed Extension 15,110 Youth Activity & Development 1,094 Gift to Retiring Incumbent 2,146 2,146 £781,164£16,578 £14,092 TOTAL FUNDS £825,653 £144,513 £137,995 |
3,197 3,197 3,099 3,099 £6,296 £6,296 Transfers Gains Balance 31st Decemb 2021 £7,605 £56,126 750,000 1 1,140 6,139 251 121 1,882 11,676 2,266 17,376 64 1,158 0 £4,212 £787,862 0 £11,817 £843,988 |
|---|---|---|
| £781,164£16,578 **£14,092 ** |
0 £4,212 **£787,862 ** |
|
| £825,653 £144,513 £137,995 |
The restricted funds held by the PCC during the year were as follows –
The Church Hall.
The Organ & Music fund which is used to encourage and support church music at St Augustine’s and local primary schools.
The Mission fund used to support mission work of all types both at home and overseas.
The Flower Fund, Fabric Fund, Organ Restoration Fund, The Churchyard Fund and The Youth Activity & Development Fund, The Proposed Extension Fund. The purpose of these funds is selfevident.
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| PRIOR YEAR | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Balance Income Expenditure | Transfers | Gains | Balance | ||||||
| 1st January | 31st December | ||||||||
| 2020 | 2020 | ||||||||
| Unrestricted | |||||||||
| Funds |
£48,138 £116,419 | £123,006 |
£2,938 | £44,489 | |||||
| Restricted Funds | |||||||||
| Church Hall |
750,000 | 750,000 | |||||||
| Charities & | |||||||||
| Missions |
202 1,405 | 1,606 | 1 | ||||||
| Churchyard Fund | 821 363 | 815 | 125 | 494 | |||||
| Fabric Fund |
2,331 3,003 | 4,088 | 1,246 | ||||||
| Flower Fund |
318 | 12 | 306 | ||||||
| Margaret Knill | |||||||||
| Bequest |
125 | (125) | |||||||
| Music Fund |
186 | 65 | 121 | ||||||
| Organ Restoration | |||||||||
| Fund | 10,350 1,564 | 878 | 12,792 | ||||||
| Proposed | |||||||||
| Extension |
2,546 12,503 | 1,103 | 1,164 | 15,110 | |||||
| Youth Activity & | |||||||||
| Development |
968 324 | 198 | 1,094 | ||||||
| Gift to Retiring | |||||||||
| Curate |
675 | 675 | |||||||
| **£767,847£19,837 ** | **£8,562 ** | 0 | £2,042 | **£781,164 ** | |||||
| TOTAL FUNDS |
£815,985 £136,256 | £131,568 | 0 | £4,980 | £825,653 | ||||
| 11. COMPARATIVE STATEMENTOF FINANCIAL ACTIVITIES – 2020 | |||||||||
| NOTE | FUNDS RESTRICTED | TOTAL | |||||||
| UNRESTRICTED | FUNDS | FUNDS | |||||||
| INCOMING RESOURCES | |||||||||
| Voluntary Income | 2(a) | 101,446 | 19,835 | 121,281 | |||||
| Activities for Generating Funds | 2(b) | 3,478 | 3,478 | ||||||
| Income from Church Activities | 2(c) | 11,479 | 11,479 | ||||||
| Interest Receivable | 2(d) | 16 | 2 | 18 | |||||
| TOTAL INCOMING RESOURCES | £116,419 | **£19,837 ** | £136,256 | ||||||
| RESOURCES EXPENDED | |||||||||
| Cost of Generation of Voluntary Income | 3(a) | 201 | 201 | ||||||
| Fundraising Costs | 3(b) | 1,736 | 1,736 | ||||||
| Grants | 3(c) | 75 | 2,281 | 2,356 | |||||
| Church Activities | 3(d) | 120,994 | 6,281 | 127,275 | |||||
| TOTAL RESOURCES EXPENDED | £123,006 | **£8,562 ** | £131,568 | ||||||
| NET MOVEMENT IN FUNDS | £(6,587) |
£11,275 | £4,688 | ||||||
| BALANCE IN HAND AT 1st JANUARY 2020 | 48,138 | 767,847 | 815,985 | ||||||
| REALISED LOSSES ON INVESTMENTS | (95) | (95) | |||||||
| UNREALISED GAINS ON INVESTMENTS | 3,033 | 2,042 | 5,075 | ||||||
| NET MOVEMENT IN FUNDS AS ABOVE | (6,587) | 11,275 | 4,688 | ||||||
| BALANCE IN HAND AT 31st DECEMBER | 2020 | £44,489 | 781,164 | £825,653 |
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