**PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA (Charity No 1128895)**
**ANNUAL REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31 DECEMBER 2021**
**PAROCHCIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA PAGE 1 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **________________________________________________________________________________**
## **INCUMBENT**
Prebendary Graham Witts M.A. B.Ed. The Vicarage 38 Rectory Road BURNHAM-ON-SEA Somerset
## **BANKERS**
Lloyds Bank BURNHAM-ON-SEA Somerset
## **INDEPENDENT EXAMINERS**
Thomas Westcott Chartered Accountants 80 Oxford Street BURNHAM-ON-SEA Somerset TA8 1EF
## **BACKGROUND**
St Andrew’s PCC has the responsibility of co-operating with the incumbent, Prebendary Graham Witts, of promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the Church of St Andrew and the Church Hall, Burnham-on-Sea.
## **MEMBERSHIP**
Members of the PCC are either _ex officio_ or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representative Rules 1972.
During the year the following served as members of the PCC:
|Incumbent/Chairman|Prebendary Graham Witts|
|---|---|
|Associate Vicar|Revd Sharon Eldergill|
|Associate Curate|Revd Margaret Hayward|
|Wardens|Mrs Patricia Comer (Lay chair)|
||Mr David Carter|
|Representatives of the Deanery Synod|Mrs Jane Kendall|
|Elected Members||
|Deputy Churchwardens||
|Mr David Carter|Mrs Sonia Scott|
|Mrs Julia Smith|Mrs Dee Cornish|
|Mrs Avril Shepherd|Mrs Pat Grimes|
|Mrs Julia Arthur|Mr Peter Bight|
Mrs Jane Kendall (secretary & Safeguarding Officer)
## **PAROCHCIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA PAGE 2 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
**________________________________________________________________________________**
Financial Advisor and Consultant
Mr Nigel Kemp of Kemp Hall Accountants
Readers: Mr J Page Mr A Roost
## **COMMITTEES**
## **Standing Committee**
This is the only statutory committee required by law. It has the power to transact business for the PCC between meetings. It has a ceiling of £500 expenditure between meetings without reference to the full PCC. The Standing Committee sets the agenda for the PCC.
## **Buildings Committee**
The PCC acts as a whole for this purpose. It oversees the maintenance of the Church plant and its good order. This includes the Church, the Church Hall and Shed, & 6 Jaycroft Road.
## **Ministry Committee**
Involves the Clergy, occasionally retired Clergy and Readers as well as the Churchwarden. Oversees the arrangements for the rota’s for ministry. It offers ideas and strategies for mission and ministry within the parish.
## **Social Committee**
Oversees the very successful programme of fundraising and social events throughout the year. Many events occurred in church in line with our philosophy to make the building more usable.
**PAROCHCIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA PAGE 3 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
**________________________________________________________________________________**
## **CHURCH ATTENDANCE**
There are 109 names on the Electoral Roll as presented to the 2021 APCM.
Several members have died or moved since this time.
Annual communicants 2021 – 3,217 2020 -- 2,354 (communicants)
Church became open for longer amounts of time as directed by HM Government and Church of England.
Occasional Offices
Baptisms 18 Confirmation 0 Weddings 4
Funerals and Cremations from the Parish (for which an Anglican priest was required) 48
The full PCC met in person on 6 occasions. The parish continues to enjoy good relations with the other Churches in the town. The parish participates fully within the Deanery. During 2021 the majority of PCC was transacted via emails as permitted by the Church of England during the pandemic.
## **Significant events in the life of the Church in 2021**
In a word - Covid 19 still.
The Church was closed for public worship for some of the year but moved to be increasingly open following Government and Church of England guidelines. Public worship was delivered online via YouTube even when the church building opened. By the end of 2021 we had moved to On-line provision being offered from central C of E resources. The congregation has throughout the year given generous support financially
Consequent of the closure – many fund-raising activities could not be held and this has a severe impact on our financial life. One consequence was that we were not in a position to pay our parish share in full.
We were able to offer the church for more occasional offices such as funerals, baptisms and 4 weddings.
Though no formal disbursements were made in 2021 we as a PCC acknowledge the congregations support of the Children’s Society, Mission to Seafarers, Christian Aid and a number of one - off payments to good causes such as the DEC Yemeni appeal.
## **GENERAL FINANCIAL STATEMENT**
Overall there was an improvement on the previous year.
## **PAROCHCIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA PAGE 4 ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
**________________________________________________________________________________**
## . **RESTORATION FUND**
This account has been used to fund part of the Restoration work for which it was set up and kept funds separately from the General Account.
## **RISK MANAGEMENT**
The major risks faced by the charity have been addressed. There is an ongoing brief by the PCC to monitor our financial stability.
Finally, our thanks go to Thomas Westcott for overseeing our annual financial examination.
ON BEHALF OF THE PCC
**Prebendary Graham Witts CHAIRMAN**
## **DATED:**
## **INDEPENDENT EXAMINER’S REPORT TO THE PAROCHIAL CHURCH COUNCIL PAGE 5 OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA**
I report on the accounts for the year ended 31[st] December 2021 which are set out on pages 6 to15
## **Respective responsibilities of the Trustees and Independent Examiner**
As trustees of the charity, the members of the PCC are responsible for the preparation of the accounts. They consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
Examine the accounts under section 145 of the 2011 Act;
Follow the procedures laid down in the General Directions given by the Charity Commissioners section 145(5)(b) of the 2011 Act; and
State whether particular matters have come to my attention.
## **Basis of Independent Examiner’s Statement**
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts.
## **Independent Examiner’s Statement**
In connection with my examination, no matter has come to my attention:
- (1) which gives me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with section 130 of the 2011 Act; or
- to prepare accounts which accord with these accounting records have not been met; or
- (2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
THOMAS WESTCOTT CHARTERED ACCOUNTANTS 80 OXFORD STREET BURNHAM-ON-SEA SOMERSET TA8 1EF
**PAGE 6**
## **PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021**
|**See Unrestricted**
**Designated Restricted**
**Note**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**Incoming Resources**
_Voluntary income_:
Incoming resources from donors
2(a)
58,305
-
10,000
Other voluntary incoming resources
2(b)
1,986
180
-
Activities for generating funds
2(c)
9,480
-
-
Charitable activities
2(d)
13,709
-
-
Income from investments
2(e)
10,410
-
-
Edithmead Church 2(f)
-
-
-
**Total Incoming Resources**
93,890
180
10,000
**Resources Expended**
_Fund raising trading_:
Charitable activities
3(a)
940
-
-
Benefactions
3(b)
905
-
-
Activities directly relating to the
work of the church
3(c)
65,213
-
-
Support costs
3(d)
4,843
-
-
Other resources expended
3(e)
650
-
-
Edithmead Church 3(f)
-
-
-
**Total Resources Expended**
72,551
-
-
Net (Outgoing)/Incoming Resources
21,339
180 10,000
Balances brought forward at
1 January 2021
13,792
1,191
102,680
Balances carried forward at
31 December 2021
35,131
1,371
112,680
|**See Unrestricted**
**Designated Restricted**
**Note**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
**Incoming Resources**
_Voluntary income_:
Incoming resources from donors
2(a)
58,305
-
10,000
Other voluntary incoming resources
2(b)
1,986
180
-
Activities for generating funds
2(c)
9,480
-
-
Charitable activities
2(d)
13,709
-
-
Income from investments
2(e)
10,410
-
-
Edithmead Church 2(f)
-
-
-
**Total Incoming Resources**
93,890
180
10,000
**Resources Expended**
_Fund raising trading_:
Charitable activities
3(a)
940
-
-
Benefactions
3(b)
905
-
-
Activities directly relating to the
work of the church
3(c)
65,213
-
-
Support costs
3(d)
4,843
-
-
Other resources expended
3(e)
650
-
-
Edithmead Church 3(f)
-
-
-
**Total Resources Expended**
72,551
-
-
Net (Outgoing)/Incoming Resources
21,339
180 10,000
Balances brought forward at
1 January 2021
13,792
1,191
102,680
Balances carried forward at
31 December 2021
35,131
1,371
112,680
|
**Total Funds**
**2021**
**2020**
**£**
**£**
68,305
91,242
2,166
2,086
9,480
10,177
13,709
12,786
10,410
8,073
-
-
104,070
124,334
940
1,039
905
1,402
65,213
83,564
4,843
5,702
650
1,750
-
174
72,551
93,631
31,519
30,703
117,663
86,960
149,182
117,663
|
|---|---|---|
||10,000
||
||-
-
-
-
-
-
||
||-
||
||10,000
102,680
||
||112,680
||
**PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA PAGE 7 BALANCE SHEET AT 31 DECEMBER 2021**
**_________________________________________________________________________________**
|**See**
**Note**
**FIXED ASSETS**
Furnishings, fittings and equipment
5
Investment asset
5
Investment
6
**CURRENT ASSETS**
Stock of heating oil
Debtors
8
Cash at bank and in hand
**LIABILITIES**
Amounts falling due within one year
9
Hall key deposits
**NET CURRENT ASSETS**
**NET ASSETS**
**FUNDS**
7
Unrestricted
Designated
Restricted|||**£**
3,205
8,510
1,000
300
2,644
133,893
136,837
340
30
|**2021**
**£**
12,715
136,467
_______
149,182
35,131
1,371
112,680
149,182
||**£**
1,739
8,510
1,000
300
2,999
105,075
108,374
1,930
30
|**2020**
**£**
11,249
106,414
________
117,663
|
|---|---|---|---|---|---|---|---|
|||||||||
|||||||||
||||||||13,792
1,191
102,680
|
||||||||117,663
|
Approved by the Parochial Church Council on and signed on its behalf by:
…………………………………………………………… REVD G WITTS
…………………………………………………………… MRS P C COMER
The notes on pages 8 to 15 form part of these accounts.
**PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA PAGE 8 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## 1. **ACCOUNTING POLICIES**
## (a) **Basis of accounting**
These 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, together with applicable accounting standards and the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP 2005).
- (b) 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. Funds designated for a particular purpose by the PCC are also unrestricted.
Restricted funds are those funds that must be spent on restricted purposes and details of the funds held and restrictions are provided in note 7.
The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the financial statements of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.
## (c) **Incoming Resources**
## **Donations, legacies and similar incoming resources**
These are included in the Statement of Financial Activities (SOFA) when:
- the charity becomes entitled to the donation, legacy or similar income and any conditions for receipt are met;
- the trustees are reasonably certain they will receive it; and
- the trustees are reasonably certain that the value can be reliably measured.
## **Tax reclaims on donations and gifts**
Incoming resources from tax claims are included in the SOFA at the same time as the gift to which they relate.
## **Incoming resources from fund-raising**
These are reported gross in the SOFA.
## **Gifts in kind for sale or distribution**
These are included in the accounts as gifts only when sold or distributed by the charity. Gifts in kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
## **Gifts in kind for use by the charity**
These are included in the SOFA as incoming resources when receivable.
**PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA PAGE 9 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## 1. **ACCOUNTING POLICIES (CONTINUED)**
## **Intangible income (for example: donated facilities)**
This is only included in incoming resources (with an equivalent amount in resources expended) where another party is bearing the financial cost of the resources supplied and the benefit is quantifiable, receivable and material. Intangible income is valued at the lower of the cost borne by the party bearing the cost and a reasonable estimate of the value of the donation to the charity.
## (d) **Volunteer help**
The value of any voluntary help received is not included in the accounts but is described in the annual report.
## (e) **Resources Expended**
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The diocesan parish share is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is general recognised when it is incurred and is accounted for gross.
## (f) **Assets**
## **Consecrated property and movable church furnishings**
Consecrated and beneficed property of any kind is excluded from the financial statements by s.10(2)(a) of the Charities Act 2011.
Movable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are accounted for as inalienable property unless consecrated. They are listed in the Church’s inventory, which can be inspected (at any reasonable time). For inalienable property acquired prior to 2004 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Items acquired since 1 January 2004 have been capitalized and depreciated in the financial statements over their current anticipated useful economic life on a reducing balance basis.
All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £250 or on the repairs of movable church furnishings acquired before 1 January 2004 is written off.
## **Tangible fixed assets for use by the charity**
These are capitalised if they can be used for more than one year, and cost at least £250. They are valued at cost or a reasonable value on receipt. The charity does not have a policy of revaluation. Prior to 1 January 2004, the cost was written off to Income and Expenditure account.
## **Investments**
These are shown at original cost of investment
## (g) **Rental Income**
Rental income from the letting of the church hall is recognised when the rental is due.
**PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA PAGE 10 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## 1. **ACCOUNTING POLICIES (CONTINUED)**
## **Depreciation**
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:-
Furnishings, fittings and equipment - 25% per annum on a reducing balance basis
## **Stocks and work in progress**
These are valued at the lower of cost or market value.
## 2. **INCOMING RESOURCES**
|**Unrestricted Designated Restricted**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
(a)**Incoming resources from donors**
Covenanted and gift aided giving
41,360
-
-
Income tax recoverable
7,826
-
-
Uncovenanted planned giving
4,369
-
-
Legacy
-
-
10,000
_Collections at services_:--
Cash collections
4,750
-
-
58,305
-
10,000
(b)**Other voluntary incoming resources**
_Gift days and sundry donations_:
Choir fund
-
180
-
Donations to Church
1,986
-
-
1,986
180
-
|**Total Funds**
**2021 2020**
**£**
**£**
41,360
44,961
7,826
8,413
4,369
1,887
10,000
30,000
4,750
5,981
68,305
91,242
180
199
1,986
1,887
2,166
2,086
|
|---|---|
**PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA PAGE 11 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
|**Unrestricted Designated Restricted**
**Funds**
**Funds**
**Funds**
(c)**Activities for generating funds**
Church hall lettings
6,568
-
-
_Non-charitable trading_
Other
763
-
-
Book of Remembrance
51
-
-
Coffee ladies
508
-
-
Fund raising – Wall Safe
465
-
-
50/50 club
1,125
-
-
9,480
-
-
(d)**Incoming resources from charitable**
**activities:**
_Charitable and ancilliary trading_:
Bookstall
-
-
-
Magazine advertisements and sales
563
-
-
PCC fees
13,146
-
-
13,709
-
-
(e)**Income from investments**
Rent receivable from properties
10,410
-
-
10,410
-
-
(f)**Edithmead Church**
Income
-
-
-
Gift Aid
-
-
-
-
-
-
Total Incoming Resources
93,890
180
10,000
|**Unrestricted Designated Restricted**
**Funds**
**Funds**
**Funds**
(c)**Activities for generating funds**
Church hall lettings
6,568
-
-
_Non-charitable trading_
Other
763
-
-
Book of Remembrance
51
-
-
Coffee ladies
508
-
-
Fund raising – Wall Safe
465
-
-
50/50 club
1,125
-
-
9,480
-
-
(d)**Incoming resources from charitable**
**activities:**
_Charitable and ancilliary trading_:
Bookstall
-
-
-
Magazine advertisements and sales
563
-
-
PCC fees
13,146
-
-
13,709
-
-
(e)**Income from investments**
Rent receivable from properties
10,410
-
-
10,410
-
-
(f)**Edithmead Church**
Income
-
-
-
Gift Aid
-
-
-
-
-
-
Total Incoming Resources
93,890
180
10,000
|**Total Funds**
**2021**
**2020**
6,568
7,702
763
378
51
92
508
144
465
706
1,125
1,125
9,480 10,147
-
-
563
493
13,146 12,293
13,709 12,786
10,410
8,073
10,410
8,073
-
-
-
-
-
-
104,070 124,334
|
|---|---|---|
||-
||
||-
-
-
||
||-
||
||-
||
||-
||
||-
-
||
||-
||
||||
||10,000
||
**PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA PAGE 12 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## 3. **RESOURCES EXPENDED**
|**Unrestricted**
**Designated Restricted**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
(a)**Fund raising trading**
Fund raising expenses
940
-
-
(b)**Benefactions**
Coronavirus Appeal
-
-
-
St Margaret’s Hospice
-
-
-
Cancer Research
-
-
-
British Heart
-
-
-
Marie Curie
100
-
-
Afghanistan Appeal
306
-
-
Children’s Society
200
-
-
Seafarers Mission
299
-
-
905
-
-
(c)
**Activities directly relating to the**
**work of the Church**
_Ministry_:
Diocesan parish share
42,371
-
-
Statutory fees
3,568
-
-
Clergy expenses
1,315
-
-
_Church running expenses_:-
Water
71
-
-
Insurance
3,588
-
-
Repairs and maintenance
2,247
-
-
Telephone
242
-
-
Electricity and gas
1,282
-
-
Oil
2,124
-
-
_Upkeep of services_:-
Organists and Maintenance
-
-
-
Altar requisites
435
-
-
Sundry expenses
710
-
-
Depreciation
736
-
-
58,689
-
-
|**Total**
**2021**
**£**
940
-
-
-
-
100
306
200
299
905
42,671
3,568
1,315
71
3,588
2,247
242
1,282
2,124
-
435
710
736
58,689
|**Funds**
**2020**
**£**
1,039
1,035
222
72
73
-
-
-
-
1,402
56,516
2,796
1,616
76
2,556
4,605
371
1,290
2,104
-
1,249
1,186
243
74,605
|
|---|---|---|
|||
|
**PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA PAGE 13 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## 3. **RESOURCES EXPENDED (CONTINUED)**
|**Unrestricted**
**Designated Restricted**
**Funds**
**Funds**
**Funds**
**£**
**£**
**£**
_Hall running costs_:
Insurance
711
-
-
Water
102
-
-
Repairs and maintenance
1,715
-
-
Caretaker & staff costs
1,758
-
-
(Note 4)
Electricity and gas
249
-
-
Depreciation
333
-
-
4,868
-
-
Book-keeping fees
1,656
-
-
65,213
-
-
(d)**Support costs**
Photocopier expenses
2,290
-
-
General administration
2,553
-
-
4,843
-
-
(e)**Other resources expended**
Rented property costs
-
-
-
Bank, charges and interest
650
-
-
650
-
-
(e)**Edithmead Church**
Church expenses
-
-
-
-
-
-
**Total Resources Expended**
72,551
-
-
|**Total Funds**
**2021**
**2020**
**£**
**£**
711
852
102
110
1,715
1,561
1,758
2,681
249
1,143
333
337
4,868
6,684
1,656
2,375
67,058
83,564
2,290
2,598
2,553
3,104
4,843
5,702
-
1,080
650
670
650
1,750
-
174
-
174
72,551
93,631
|**Total Funds**
**2021**
**2020**
**£**
**£**
711
852
102
110
1,715
1,561
1,758
2,681
249
1,143
333
337
4,868
6,684
1,656
2,375
67,058
83,564
2,290
2,598
2,553
3,104
4,843
5,702
-
1,080
650
670
650
1,750
-
174
-
174
72,551
93,631
|
|---|---|---|
|||2,375
83,564
|
|||2,598
3,104
|
|||5,702
|
|||1,080
670
1,750
174
174
93,631
|
**PAROCHIAL CHURCH COUNCILOF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA PAGE 14 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## 4. **STAFF COSTS**
|**STAFF COSTS**|||
|---|---|---|
||**2021**|**2020**|
||**£**|**£**|
|Wages and salaries|1,758|2,681|
During the year the PCC employed only part-time employees, none of whom earned £50,000 p.a. or more. No trustees nor any person connected with them have received any remuneration or expenses.
## 5. **FIXED ASSETS**
|**Furnishings, fittings and equipment**
Written down value at 1 January 2021
Additions
Depreciation for year
____
Written down value at 31 December 2021|**2021**
**£**
1,739
2,535
4,274
(1,069)
3,205
|**2020**
**£**
2,319
-
2,319
(580)
1,739
|
|---|---|---|
## **Investment Asset**
|||**Freehold land**|
|---|---|---|
|||**and buildings**|
|||**£**|
|Actual cost at|1 January 2021|8,510
|
|
Actual cost at|31 December 2021|8,510
|
The Freehold land and buildings comprises 6 Jaycroft Road, Burnham-on-Sea. The property is valued at £300,000 for insurance purposes.
## 6. **INVESTMENT**
|
Somerset Credit Union
Cost at 1 January 2021
Repaid in year
Cost at 31 December 2021|**2021**
**£**
1,000
-
1,000
|**2020**
**£**
1,000
-
1,000
|
|---|---|---|
## **PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA PAGE 15 NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## 7. **ANALYSIS OF NET ASSETS BY FUND**
|**Unrestricted**
**Designated**
**Restricted**
**Funds**
**Fund**
**Fund**
**Choristers Major Work**
**Fund Repair Fund**
**£**
**£**
**£**
Fixed Assets
3,205
-
-
Investment Fixed Asset
9,510
-
-
Current Assets
22,786
1,371
112,680
Current Liabilities
(370 )
-
-
Fund balance
35,131
1,371
112,680
8.**DEBTORS (Unrestricted Funds)**
**2021**
**£**
Income tax recoverable
1,200
Prepayments
1,444
2,644
|**Total**
**£**
3,205
9,510
136,837
(370)
149,182
**2020**
**£**
1,200
1,799
2,999
|
|---|---|
## 9. **LIABILITIES:**
Amounts falling due within one year (Unrestricted funds)
|Sundry creditors
Hall Key Deposits
|**2021**
**£**
340
30
370
|**2020**
**£**
1,930
30
|
|---|---|---|
|||1,960
|
## **PAROCHIAL CHURCH COUNCIL OF ST. ANDREW’S CHURCH, BURNHAM-ON-SEA ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021**
**_________________________________________________________________________________**
## **CLIENTS’ CERTIFICATE**
We have reviewed the attached income and expenditure account and statement of assets and liabilities and confirm that they properly reflect all the income and expenditure of the Church Council for the year under review and the assets and liabilities at the year end. We therefore approve the accounts.
…………………………………………………………….. SIGNED …………………………………………………………….. DATED …………………………………………………………… SIGNED ……………………………………………………………. DATED