## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDRED'S LEE** 

Registered Charity No. 1128995 

**ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021** 



## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDRED'S LEE** 

## **ACCOUNTS FOR THE YEAR ENDED 31ST DECEMBER 2021** 

## **TABLE OF CONTENTS** 

||**Page**|
|---|---|
||**Number**|
|Trustees Report|1|
|Independent Examiner's Report|6|
|Statement of Financial Activities|7|
|Balance Sheet|8|
|Cash Flow  Statement|9|
|Notes to the Accounts|10-16|





## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDRED’S LEE TRUSTEES REPORT FOR THE YEAR ENDED 31[ST] DECEMBER 2021** 

## **Aims and Purposes** 

St Mildred’s is a parish in the Church of England within the Diocese of Southwark. Its main purpose is the promotion of the Gospel of our Lord Jesus Christ according to the doctrines and practices of the Church of England. The PCC has the responsibility, as stated in the Parochial Church Councils (Powers) Measure 1956, of ‘co-operation with the vicar in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical’. Our mission is “To know Jesus and make him known”. 

## **Objectives and Activities** 

The aim of knowing Jesus and making him known is pursued through worship, teaching and provision of services to the whole community. The church runs a range of groups for parents/carers and toddlers, young people and older people. Church members meet fortnightly in home-based groups for Bible study and prayer.  As well as its own youth activities, the church for many years hosted Uniformed Organisation (Scouts, Guides etc.).  These groups relied on a church hall built in the 1960s with severe structural problems. During 2019 these problems became so severe that the building had to be put out of use, sadly causing the uniformed organisations to have to seek premises elsewhere. During 2021 Guides, Brownies and Rainbows activities have resumed regularly in the main church building. A significant objective at present is raising money and planning the building of replacement facilities that will enable us to better serve our community. Planning permission for a new hall was refused by Lewisham Council in November 2019 but granted on appeal in August 2021. 

During 2020 many of our normal activities were limited by Covid-19 but over 2021 most have returned to a more normal pattern. We have continued to seek ways to serve the local community, some of which are described below. Church services have largely returned to a normal. Some home groups have started to meet in person again, while most have remained on Zoom. 

The vast majority of effort required to run the activities of the church is provided by volunteers, with the only salaried staff being the Vicar (paid via the Diocese) and church administrator. 

In pursuit of its mission, the church has a policy of giving away 10% of its income to other charitable bodies. The criteria for the selection of grant recipients are as follows. The grants should support a mixture of individuals and organisations engaging in mission locally, nationally and globally. The mission should be in line with the Evangelical Alliance Basis of Faith. There should be facility for the church to engage with any potential mission partner throughout the year and in multiple ways i.e. prayer, involvement in services and/or midweek activities, practical and financial support. We limit the number of mission partners to ensure effective engagement with all partners. 

## **Achievements and Performance** 

Services are held at 10am every Sunday, normally with a rotating pattern of Morning Prayer, Holy Communion and all-age worship. While services continue to be streamed via YouTube for those who prefer to be cautious, the size of the congregation meeting in person gradually increased through the year as the effects of the pandemic reduced. Holy Communion services, suspended since March 2020, resumed in November 2021. 

Except during the monthly all-age service, children leave part way through the service for “Kool Kidz” where accessible and age-appropriate Bible teaching is provided for children aged 3-13 in three 

Page 1 



groups. On closure of the church hall in 2019, temporary accommodation for Kool Kidz was provided by a pair of converted double decker buses in the church car park. Children’s activities alongside the services resumed at Easter after a long break due to the pandemic, using Gazebo’s in the car park rather than the buses to minimise Covid risk. During the winter, sidewalls were added to the Gazebos and heating was provided. Thanks are due to a dedicated group of helpers and teachers who have set up the facilities and made this possible every week. 

Sunday@six is a group for young people aged 13 years and up; it was born online in 2020 as a response to the pandemic lockdown restrictions. Originally an on-line group, meetings went face to face as soon as possible and have continued, usually in the church, every Sunday at 6pm. An average Sunday@six evening will include a Bible study and prayer time, some kind of activity including games and drama, and lots and lots of chatting!. Regular Q&A sessions are very popular and the young people are always impressively open, honest and thoughtful. Many Sunday evenings involve cooking something - bolognese, brownies and pizza are regulars. The young people also cooked the leaders a roast dinner at Christmas which was excellent and much appreciated! Sunday@six has encouraged our young people to get involved with church life beyond the youth work. Currently the majority of our regular attendees also serve in some way on a Sunday morning. They do this with maturity, commitment and fun; they are a huge blessing to our church family within the areas that they serve. 

Midweek activities for 7-13 year olds which ran prior to the pandemic have yet to restart. 

It is hard to estimate the size of the regular worshipping congregation when some are still watching at home, but the electoral roll of the church stands at 133 adults and we have around 35 children. 

We currently have five homegroups with a total of about 50 members, all of whom have met throughout the last year.  With the pandemic still being with us, four of those groups have continued to meet virtually either by Zoom or by telephone.  One of the groups has now restarted meeting again in person. Whether meeting online or in person, homegroups provide a safe place where church members can get together and chat, pray and study the Bible together.  They provide a great opportunity to get to know other Christians really well and to be able to share together our experiences as we study the Bible and talk about what it means to us. We generally study one Bible book or theme each term and during 2021 we studied the books of Ephesians, Job and 1 Thessalonians. 

Our annual, free, “family fun day” held on Easter Saturday, which normally attracts nearly 200 adults and 300 children has not taken place since lockdown. During the year we have sought other opportunities to serve the local community. These have included building relationships with three local primary schools and hosting visits as part of their RE curriculum, supporting the Helping Hands food bank, and collecting items to support the work of Lewisham Donation Hub. During January we ran again (online) a Money Course developed by Christians Against Poverty and designed to help people with budgeting, 

Horizon was a monthly group aimed at older members of the congregation which ceased to meet in March 2020. By November 2021 people were feeling more comfortable with indoor refreshments, so we were at last able to launch Cuppa & Cake, an opportunity for people to come together and chat over a cuppa and homemade cakes. This is a new ministry, reaching out to the lonely and isolated.  It retains many successful aspects of the former Horizon Group - the crucial difference being this dropin café-style morning is for people of all ages. 

After a trial set up on 25th May, we were thrilled to reopen our Parent and Toddler groups weekly, with Covid precautions, from 8th June to 20th July.  Fifteen adults were allowed to attend per session, excluding helpers, with three sessions spaced out throughout the day. Everyone was so appreciative and we averaged about 40 children and 32 adults during each Tuesday. From September, it has been 

Page 2 



wonderful to run the group as normal, with two sessions per Tuesday, without being at separate tables. In November we ran our cake sale to raise money for Covenant homes in Kenya, which was favourably received, raising hundreds of pounds for them; they sent us some lovely film clips of their children thanking us. At Christmas Kay Nicholls was presented with a gift and card to thank and acknowledge her leading the group for 30 years. She has since also received an award from Lewisham Council for her service to the community. Attendance is now averaging 84 children and 57 adults each week. People are very thankful for the care and attention they receive, the resources, the craft activity, the fruit and drinks and of course the songs and Bible story. 

During 2020 St Mildred’s has continued to provide regular support to five charities both financially and in prayer. Locally we support The Nehemiah Project and Arab World Ministry of Pioneers. Recipients working overseas are: Open doors, Covenant Homes Kenya, and Tearfund. In addition a donation was made to Lewisham Donation hub to support their local help for Afghan refugees. 

Pastoral care and support is offered to anyone who requires it in the form of prayer, conversation, appropriate administration of the Christian sacraments (baptism and Holy Communion) with suitable preparation, Confirmation, weddings, visitation of the sick, and funerals.  Prayer ministry, normally offered after every Sunday morning service, has resumed in person and is also still available by telephone. 

Plans for a new Church hall (the “Development Project”) were set back by refusal of planning permission by Lewisham Borough Council in November 2019. Permission was granted on appeal in August 2021. In the meantime the condition of the old hall has deteriorated to the point where we are making plans to demolish it as soon as possible, while finalising plans and seeking a faculty for its replacement. 

## **Financial Review** 

## **Unrestricted Funds** 

Total receipts on unrestricted (general) funds during the year were £158,718.  This is around 7% lower than the previous year because we received a legacy in 2020 whereas no legacies were received in 2021. The £158,718 is the income available for the general running of the church.  Apart from a small amount of sundry income (£6,691) all of this income came from the giving of the congregation and others to the church during the year for which we are very grateful. 

Total expenditure amounted to £162,853.  This is substantially greater than last year which is primarily attributable to stonework repairs in the year amounting to around £25,000.  Within the expenditure total is a provision for our charitable giving of £15,872 being 10% of our income during the year. 

Deducting the expenditure for the year from the income received results in a deficit for the year of £4,135.  This is deducted from the reserves brought forward of £137,260 to give reserves on unrestricted funds carried forward at the 31[st] December 2021 of £133,125. 

Equipment costing £1,188 was purchased and capitalised during the year as shown in Note 4 to the accounts. 

At the 31[st] December 2021 we had a bank balance on our general account of £102,359. 

## **Restricted Funds** 

Our restricted funds are funds that are set aside for the Development Project which involves the building of a new church hall and ancillary buildings. Total receipts into the fund in the year amounted 

Page 3 



to £86,138.  Expenditure directly incurred on the project, principally architect’s and consultant’s fees, was £10,992 which has been capitalised as shown in Note 4 of the accounts. 

The only expenses charged against our income for the year are our provision for charitable giving of £8,794 and depreciation of the buses amounting to £3,669. When these costs are deducted from the income there is a net surplus for the year of £73,855. 

The surplus on the restricted funds is added to reserves brought forward of £1,937,174 and this gives rise to total reserves set aside for the Development Project at the 31[st] December 2021 of £2,011,029. The total provision included in the accounts for our giving from the Development Project amounts to £207,254.  This provision represents funds set aside from which the PCC proposes, in due course, to make grants to other charities to fund primarily capital projects. 

At the 31[st] December 2021 we had a bank balance on our Development Project account (restricted funds) totalling £1,998,728. 

## **Reserves Policy** 

Our policy with regard to our general funds is to maintain a balance sufficient to cover four months of day to day running costs which equates to around £40,000 together with sufficient funds to cover known impending costs relating to necessary repairs to our church buildings. 

The reserves of the restricted funds are of course to cover the cost of our building project. This cost has been estimated at being in the region of £3.7m. We are very encouraged by the money raised to date and give thanks to God for his wonderful provision. We trust that He will provide all our needs as the project progresses. 

## **Structure Governance and Management** 

The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. 

The method of appointment of PCC members is set out in the Church Representation Rules. At St. Mildred’s the membership of the PCC consists of the clergy, churchwardens, and members elected by those members of the congregation who are on the electoral roll of the church. One additional member were co-opted as Treasurer.. All eligible members of the congregation are encouraged to register on the Electoral Roll. Membership of the roll currently stands at 133. 

The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent. New members receive initial training into the workings of the PCC and their responsibilities as legal trustees. All PCC members, as charity trustees, have had regard to the Charity Commission's public benefit guidance, where relevant, in exercising their powers and duties. 

The Standing Committee is a sub-set of the PCC appointed by the PCC and consisting of 8 members including the Clergy, Churchwardens, Secretary, and Treasurer. It has powers to transact the PCC’s business between meetings. The standing committee met online six times during the year. 

The full PCC met online ten times during the year with an average level of attendance of 91%.  Sub groups meet to discuss mission support and the Development Project and report back to the PCC with recommendations. 

The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 to have due regard to House of Bishops' guidance on safeguarding children and vulnerable adults. Contact details for any safeguarding issues can be found on the Church web site. 

Page 4 



Legal and Administrative Information
st Mildred's Lee is located in St Mildred's Road, London, SE12 ORA. It is part of the Diocese of
Southwark within the Church of England. The correspondence address is 1A Helder Grove, London.
SE12 ORB. li is regisieretl wilh the charity commission, Charity number 1128995.
Members of the PCC who served during 2020 and up to the date of the signing of these accounts
were as follows:
LERGY
Vicar
Assistsnt Minister
Rev. Tom Lak8 (Chair)
Rev. Daphne Clifton
CHURCHWARDEN
Mr Matthew Shimwell
Mr lan Christie
DEANERY SYNOD
Mr Chris Coutts
Mr David Nicholls
Mr Trevor Gill
ELECTED MEMBERS
Mr Jan Wiszniewski
Mrs Pauline Leslie
Mr Andrew Beck
Mrs Stella Gill
Ms Loltise Vvaynyan
Ms Edna Petzen
Ms Serena Atkins-Bibow
Ms Katie Doores
Mrs Margaret Brooks
Mr Marcus King {10 16151211
Ms Shimona Gayle (from 1615121)
Mrs Susanne Holmes
Mr Chinedu Ifediora
HON. TREASURER
Mr Paul Nicolson ICo-OPtedl
SECRETARY TO PCC
Mr Tffvor Gill
On behalf of the Parochial Church Council
Rev. Tom Lake (Chair)
Date
Page 5

INDEPENDENT EXAMINER'S REPORT TO THE PCC OF ST MILDRED'S
CHURCH, LEE, LONDON. FOR THE YEAR ENDED 31st DECEMBER 2021
I ￿￿)rt on the accounts for the year ended 3111 December 2021, which are set out on pages 7 to 16
R•spectiv• responslbllitie8 of Tnmtees and Indepondent Examlner
As trustees of the cw, the w*mbers of the Parochial Church Council are resF*)n$ible for the
preparation of the accounts. The members consider that an audit is not required for this year (under
section 14412) of the Charities 2011 (The 2011 Act)) and that an independent examination is
needed
It my respmsibilty to:
examine the accLiunts under se¢tion 145 of the 2011 Art
to folbw the proceduTr5 laid down in the General D￿eCtionS given by the Charity Commission under
sects'on 14515)Ib) of the 2011 Act), and
to state whether particular matters hav• come to my attentin.
Basls of Inde￿ndent Examlnofs 8tatemenl
My examination was carried out in act￿￿nee with General Directions given by the Charity
Commiss￿n. An examination inGludes a review of the accounting fecords kept by the charity and a
comparison of the acLM)unts presented with those records. It also includes consideration of any unusual
iterrts or disdosures in the accounts, and seeking explanations from the tnjstees conceming any such
matters. The procedures undertaken do not provide all of the evIder￿e that would be required in an
audit, and consequenlty I do not express an audrt opinion on the accounts and my report is limited to
those matters set out in the ststement below.
Ind•pendent Examln•tr$ ststsmont
In connection with examination, no material matters have corre to my attention wh￿h give me
rèasonable cause to believe that in, any material respect, the wEmbers have not met the
requIre￿*nts..
to keep accounting in ￿cOrdan￿ with section 130 of the 2011 Art, and
to prepare accounts whth accord with the accounts re￿ra$ and lo compty with the
counting reqUi￿rne￿ts of the 2011 Act.
I have come across no other matters in cDnnedon with the examination to which, in my opinion.
attenb'on should be drawn in order to enable a proper understanding of the accounts to be reached.
Slgned."
Thomas Burton
11 Kings Avenue
Bromley, KenL
Datg 23rd April 2022
Page 6

## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDRED'S LEE STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31ST DECEMBER 2021** 

|**Note**<br>**INCOME**<br>Voluntary Income<br>2(a)<br>Income from church activities<br>2(b)<br>Income from investments<br>2(c)<br>**TOTAL INCOME**<br>**EXPENDITURE**<br>Charitable giving<br>3(a)<br>Church activities<br>3(b)<br>Church management<br>3(c)<br>**TOTAL EXPENDITURE**<br>**NET (EXPENDITURE)/INCOME**<br>**TOTAL FUNDS BROUGHT FORWARD**<br>**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**<br>**Funds**<br>**£**<br>152,027<br>6,691<br>-<br>158,718<br>16,294<br>143,326<br>3,233<br>162,853<br>(4,135)<br>137,260<br>133,125|**Designated**<br>**Funds**|**2021**<br>**TOTAL**|**2020**<br>**FUNDS**|
|---|---|---|---|---|
|||**£**|**£**|**£**|
|||77,270<br>993<br>7,875|229,297<br>7,684<br>7,875<br>244,856<br>24,907<br>146,995<br>3,233<br>175,136<br>69,720<br>2,074,434|232,403<br>6758<br>19,762|
|||86,138||258,923|
|||8,614<br>3,669<br>-||26,417<br>110,366<br>1,786|
|||12,283||138,569|
|||73,855<br>1,937,174||120,354<br>1,954,080|
|||2,011,029|2,144,154|2,074,434|



Page 7 



THE PAROCHIAL CHURCH COUNCIL OF ST. MILDRED'S, LEE
BALANCE SHEET AT 31ST DECEMBER 2021
Notss
2021
2020
FIXED ASSETS
Tangible Fixed Assets
222,514
217,324
CURRENT ASSETS
Debtors
Cash at bank and in hand
45,439
2,101,088
2,146,525
38,450
2,036,055
2,074.505
UABILITIES: AMOUNTS
FALUNG DUE WITHIN ONE
YEAR:
Creditors
224,885
217,395
NET CURRENT ASSETS
1.921,840
1,857,110
NET ASSETS
Reprnsontad by
FUNDS
Unrestricted Funds
133,125
137,280
Restricted Funds
2,011,029
1,937,174
App￿Ved by the Parochial church council cn OS *S4KY &)tL and slgned by..
Th•.R•vd Thoma• Lak• {chalmi•nl ....... ......
P898 8

## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDRED'S, LEE** 

## **CASH FLOW STATEMENT FOR THE YEAR ENDED 31 DECEMBER 2021** 

|**Net cash from operating**<br>**activities**<br>**Cash flows from investing activities**<br>Fixed asset additions for use by the PCC<br>**Changes in cash and bank**<br>**balances in the reporting period**<br>**Cash and bank balances at 31st December 2021**<br>**Reconciliation of net income/(expenditure)**<br>**Net surplus for the year**<br>**Adjustments for:**<br>Depreciation charges<br>Decrease/(increase) in debtors<br>Increase/(decrease in creditors<br>**Analysis of cash and bank balances**<br>Bank balances<br>**Cash and bank balances at 1st January 2021**|**2021**<br>**£**<br>77,211<br>(12,180)<br>65,031<br>2,036,055<br>2,101,086<br>69,720<br>6,990<br>(6,989)<br>7,490<br>77,211<br>2,101,086|**2020**<br>**£**<br>135,648<br>(48,199)|
|---|---|---|
|||87,449<br>1,948,606|
|||2,036,055|
|||120,354<br>8,441<br>16,068<br>(9,215)|
|||135,648|
||||
|||2,036,055|



Page 9 



## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDREDS’S LEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** 

## **Note 1** 

## **Basis of Preparation and accounting policies** 

The PCC is a public benefit entity within the meaning of FRS102. The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations’ “true and fair view” provisions, together with FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, 

The financial statements have been prepared under the historical cost convention. 

## **Funds:** 

General funds represent the funds of the Parochial Church Council (`PCC’) that are not subject to any restrictions regarding their use and are available for application for the general purposes of the PCC. 

Designated funds are funds earmarked by the PCC for a particular purpose. 

The Designated fund shown in the accounts is for buildings development including a new church hall. 

The accounts 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 or those that are informal gatherings of church members. 

## **Income** 

## _**Voluntary income and capital sources**_ 

i Collections are recognised when received by or on behalf of the PCC. 

ii Planned giving receivable under Gift Aid is recognised only when received. 

iii Income tax recoverable on Gift Aid donations is recognised when the related income is recognised. 

iv Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its receipt by the PCC is reasonably certain. 

v Sales of books and magazines from the church bookstall are accounted for gross. 

## _**Income from investments**_ 

i Interest entitlements are accounted for as they fall due. 

ii Tax recoverable on such income is recognised in the same accounting period. 

Page 10 



**Note 1 (Continued)** 

## **Resources Used:** 

## _**Grants**_ 

Grants and donations are accounted for when paid or when awarded, if that award creates a binding obligation on the PCC. 

## _**Activities directly relating to the work of the church**_ 

The diocesan parish share is accounted for when paid.  Any parish share unpaid at the year end is provided for in these accounts as an operational (though not a legal) liability and included in creditors in the Balance Sheet. 

## **Assets** 

## **Fixed Assets:** 

## _**Consecrated property and movable church furnishings**_ 

Consecrated and benefited property of any kind is excluded from the accounts by s.96 (2) (a) of the Charities Act 1993. 

i Moveable church furnishings held by the Vicar and the Church Wardens 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 inventory which is available for inspection. 

ii For inalienable property acquired prior to 1 January 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts. 

iii Items acquired since 1 January 2000 have been capitalised and depreciated in the accounts over their currently anticipated useful economic life on a reducing balance basis. 

All expenditure incurred in the year on consecrated or beneficial buildings, or on the repair of movable church furnishings is written off of in the income statements 

## _**Other fixtures, fittings and office equipment**_ 

Equipment used within the church premises is depreciated on a reducing balance basis at 20% a year. 

## _**Development Project**_ 

The church is currently involved in a building project that will involve a new church hall. Expenditure on this project incurred since the 1st January 2015 is capitalised and shown in the accounts under fixed assets. No depreciation is charged on these costs. 

## **Buses** 

In 2019 it was decided that the church hall was no longer safe to use. Accordingly two double decker buses were aquired to provide alternative accomomdation. The cost of the buses together with other ancilliary costs have been capitalised. Depreciation is charged on these costs on a reducing balance basis at 20% a year. 

## _**Current Assets**_ 

Amounts owing to the PCC at the year end in respect of fees, rents or other income are recognised at fair value and included in debtors less provision for impairment for amounts that may prove uncollectible. 

## _**Current Liabilities**_ 

The PCC tithes 10% of income each year.  Tithes not paid at the 31[st] December each year are included in Current Liabilities. 

Page 11 



## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDRED'S LEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** 

## Note 

|**2**<br>**INCOMING RESOURCES**|**Unrestricted**<br>**Funds**<br>**£**|**Restricted**<br>**Funds**<br>**£**|**2021**<br>**TOTAL**|**2020**<br>**£**<br>**FUNDS**|
|---|---|---|---|---|
||||**£**||
||||||
|2(a) **Voluntary Income**<br>Planned Giving:<br>Tax efficient<br>Tax recovery<br>Other Tax efficient<br>Other<br>Collections<br>Sundry donations<br>Legacies<br>2(b) **Income from church activities**<br>Use of church<br>Other fundraising activities<br>PCC Fees<br>2(c) **Income from investments:**<br>Bank Interest<br>TOTAL INCOMING RESOURCES|114,258<br>28,674<br>306<br>3,671<br>4,454<br>664<br>152,027<br>-<br>152,027<br>6,090<br>-<br>601<br>6,691<br>-<br>**158,718**|29,367<br>7,457<br>459<br>5,219<br>-<br>34,768<br>77,270<br>-<br>77,270<br>-<br>993<br>-<br>993<br>7,875|143,625<br>36,131<br>765<br>8,890<br>4,454<br>35,432<br>229,297<br>-<br>229,297<br>6,090<br>993<br>601<br>7,684<br>7,875|149,095<br>37,218<br>401<br>14,916<br>5,394<br>15,379<br>222,403<br>10,000<br>232,403<br>5,239<br>858<br>661<br>6,758<br>19,762<br>**258,923**|
|||**86,138**|**244,856**||



Page 12 



## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDRED'S LEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** 

|Note<br>3<br>**EXPENDITURE**<br>**Note**<br>3(a) **Charitable Giving**<br>Tithe - General Fund<br>9<br>Tithe - Development Fund<br>9<br>3(b) **Church activities:**<br>Diocesan Assessment<br>Working and other expenses<br>Conferences and training<br>Resources<br>Publicity and Outreach<br>Staff costs<br>Church running costs<br>10<br>Church hall running costs<br>Church maintenance<br>11<br>Upkeep of churchyard<br>Cleaning<br>PA, Audio Visual and musicians<br>Copyright licence<br>Upkeep of services<br>Education and young people<br>Newsletter<br>Catering and social events<br>Depreciation<br>3(c) **Church management**<br>Stationery and office supplies<br>Telephone & Internet<br>Mailing CDs<br>Sundry<br>Other fees & subscriptions<br>**TOTAL EXPENDITURE**|**Unrestricted**<br>**Funds**<br>**£**<br>16,294<br>-<br>16,294<br>71,000<br>1,702<br>1,469<br>732<br>1,587<br>12,096<br>12,009<br>-<br>28,938<br>300<br>4,194<br>1,231<br>959<br>1,211<br>599<br>1,316<br>662<br>3,321<br>143,326<br>443<br>801<br>539<br>-<br>1,450<br>3,233<br>162,853|**Designated**<br>**Funds**<br>**£**<br>-<br>8,614<br>8,614<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>-<br>3,669<br>3,669<br>-<br>-<br>-<br>-<br>-<br>-<br>12,283|**2021**<br>**2020**<br>**TOTAL FUNDS**|**2021**<br>**2020**<br>**TOTAL FUNDS**|
|---|---|---|---|---|
||||**£**|**£**|
||||16,294<br>8,614<br>24,907<br>71,000<br>1,702<br>1,469<br>732<br>1,587<br>12,096<br>12,009<br>-<br>28,938<br>300<br>4,194<br>1,231<br>959<br>1,211<br>599<br>1,316<br>662<br>6,990<br>146,995<br>443<br>801<br>539<br>-<br>1,450<br>3,233<br>175,136|17,623<br>8,794<br>26,417<br>68,000<br>367<br>-<br>910<br>2,111<br>3,720<br>12,623<br>724<br>4,293<br>(961)<br>3,010<br>3,153<br>898<br>957<br>713<br>1,114<br>293<br>8,441<br>110,366<br>200<br>133<br>194<br>239<br>1,020<br>1,786<br>138,569|



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## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDRED'S, LEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021** 

## **Notes** 

## 4 **Fixed Assets for use by the PCC** 

|Cost b/f  - at 1st January 2021<br>Additions<br>Depreciation b/f - at 1st January 2021<br>Charge for the year<br>Net Book Value - at 31st December 2021<br>5<br>**Debtors**<br>Income tax Recoverable<br>Income tax Recoverable  - Dev Fund.<br>Deposit on new AV system<br>Other<br>6<br>**Cash at bank and in hand**<br>General account<br>Development Account<br>7<br>**Creditors**<br>Provision for tithe - General funds<br>Provision for tithe - Development<br>Other creditors<br>8<br>**Accumulated Fund - Unrestricted**<br>Balance at beginning of year<br>(Deficit)/Surplus for the year<br>Balance carried forward<br>**Accumulated Fund - Restricted**<br>Balance at beginning of year<br>Surplus for the year<br>Balance carried forward<br>Total Funds carried forward|Equipment<br>**£**<br>54,207<br>1,188<br>55,395<br>38,789<br>3,321<br>42,110<br>13,285<br>**2021**<br>28,674<br>7,457<br>9,293<br>15<br>45,439<br>102,359<br>1,998,728<br>2,101,086<br>15,872<br>207,254<br>1,759<br>224,885<br>137,260<br>(4,135)<br>133,125<br>1,937,174<br>73,855<br>2,011,029<br>**2,144,154**|Buses and<br>Toilets<br>**£**<br>25,057<br>-|Development<br>Project<br>**£**<br>183,563<br>10,992<br>194,555<br>-<br>-<br>-<br>194,555<br>**2020**<br>26,754<br>10,464<br>-<br>1,232<br>38,450<br>115,471<br>1,920,584<br>2,036,055<br>17,098<br>198,640<br>1,657<br>217,395<br>91,467<br>45,793<br>137,260<br>1,862,613<br>74,561<br>1,937,174<br>**2,074,434**|Total<br>**£**<br>262,827<br>12,180|
|---|---|---|---|---|
|||25,057||275,007|
|||6,714<br>3,669||45,503<br>6,990|
|||10,383||52,493|
||||||
|||14,674||222,514|
||||||



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## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDRED'S LEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021** 

|**Note**<br>9<br>**Charitable Giving**<br>**Paid in the year**<br>Open Doors (UK)<br>Covenant Home Trust<br>Tearfund<br>Arab World Ministries<br>The Nehemiah Project<br>Coopers Lane School<br>Lewisham Hub<br>Starfish Trust<br>Baring School<br>**Add provison C/fwd**<br>**Less provision B/fwd**<br>**Charge for the year**<br>10<br>**Church running costs**<br>Gas<br>Electricity<br>Insurance<br>Water rates<br>Pest control<br>11<br>**Church maintenance**<br>Stonework Repairs<br>General repairs & renewals<br>Fire safety<br>Churchyard Display Boards<br>Appliance Testing<br>Boiler Maintenance<br>Roofing & Guttering<br>Calor Gas Heaters<br>Painting Pillars<br>Quinquennial Fee|**Unrestricted**<br>**Designated**<br>**Funds**<br>**Funds**<br>**2021**<br>**2020**<br>**TOTAL FUNDS**|**Unrestricted**<br>**Designated**<br>**Funds**<br>**Funds**<br>**2021**<br>**2020**<br>**TOTAL FUNDS**|
|---|---|---|
||**£**<br>**£**<br>**£**|**£**|
||3,200<br>-<br>3,200<br>3,200<br>-<br>3,200<br>3,200<br>-<br>3,200<br>3,200<br>-<br>3,200<br>3,200<br>-<br>3,200<br>1,020<br>-<br>1,020<br>500<br>-<br>500<br>-<br>-<br>-<br>-<br>-<br>-<br>17,520<br>-<br>17,520<br>15,872<br>207,254<br>223,126<br>33,392<br>207,254<br>240,646<br>17,098<br>198,640<br>215,738<br>16,294<br>8,614<br>24,907<br>2,755<br>-<br>2,755<br>1,303<br>-<br>1,303<br>7,349<br>-<br>7,349<br>94<br>-<br>94<br>508<br>-<br>508<br>12,009<br>-<br>12,009<br>25,464<br>-<br>25,464<br>686<br>-<br>686<br>278<br>-<br>278<br>459<br>-<br>459<br>546<br>-<br>546<br>348<br>-<br>348<br>777<br>-<br>777<br>380<br>-<br>380<br>-<br>-<br>-<br>-<br>-<br>-|3,173<br>3,173<br>3,173<br>3,173<br>3,173<br>-<br>-<br>6,800<br>525<br>23,190<br>215,738<br>238,928<br>212,511<br>26,417<br>3,355<br>1,623<br>7,022<br>143<br>480<br>12,623<br>-<br>2,081<br>64<br>-<br>-<br>-<br>-<br>-<br>1,008<br>1,140<br>4,293|
||28,938<br>-<br>28,938||



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## **THE PAROCHIAL CHURCH COUNCIL OF ST. MILDRED'S LEE NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021** 

## 12 **Staff Costs** 

Staff costs relate to our administrator who receives, in addition to her salary, a contribution to her pension scheme amounting to 5% of her salary. 

## 13 **Bankers** 

Our primary bankers are HSBC.  We also have subsidiary accounts with Nationwide and CCLA . 

## 14 **Designated Funds** 

## **DESIGNATED FUNDS as at 31 December 2021** 

|Details<br>Development Fund<br>**TOTAL**|Balance as at<br>Income<br>Expenses Balance as at<br>01-Jan-21<br>31-Dec-21|
|---|---|
||1,937,174<br>86,138<br>12,283<br>2,011,029<br>**1,937,174**<br>**86,138**<br>**12,283**<br>**2,011,029**|



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