St John the Evangelist, Woodley St John's Church Airfield Church (LEP)
Financial Statements of the Parochial Church Council
for the year ended 31 December 2021
PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY
2021 Accounts Summary
Introduction
The Church Accounting Regulations require that the annual report of the Parochial Church Council (PCC) should include a section on the financial activities of the PCC, including the ways in which the activities of the parish, as described in the annual report of the PCC, have been funded. An assessment should also be given of the way in which the activities of the parish will continue to be funded and any perceived financial risks to the continuation of the parish ministry.
This report describes the financial situation of the Parish of St. John the Evangelist for the year ended 31st December 2020.
The PCC is registered as a charity with the Charity Commission with registration number 1129449.
Results Headlines
Total Incoming Resources and Resources Used
The consolidated accounts across all funds for 2021, excluding other recognised gains, show a total income of £143,247 with expenditure of £163,666, giving a deficit of (£20,419).
The comparable figures for 2020 are an income of £109,598 and an expenditure of £111.910, giving a deficit of (£2,312).
Parish General Fund
The Parish General Fund comprises Unrestricted Funds that can be used by the PCC for ordinary purposes. In the year 2021 there was a deficit of income over expenditure of (£21,534) after transfers, from an income of £109,438 and an expenditure of £132,750, and including net transfers from Restricted funds of £1,778.
The comparable figures for 2020 are an income of £102,646 and expenditure of £109,369, giving a deficit (after net transfers) of (£5,174).
Restricted Funds
The income into the Restricted Fund in 2021 was £33,809 and the expenditure was £30,916 resulting in surplus of £1,115 including net transfers to the General Fund of £1,778.
The comparable figures for 2020 are an income of £6,952 and an expenditure of £2,541, giving a surplus (after net transfers) of £2,862.
Total Parish Assets
Including the value of the properties in Southlake Crescent and Caldbeck Drive (which have been revalued this year) the combined total assets of the parish have increased to £1,139,447 at the end of 2021 from £981,009 at the end of, an increase of £158,348.
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PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY
Independent Examiner's report to the Parochial Church Council of St John the Evangelist, Woodley
This report on the financial statements of the Parochial Church Council for the year ended 31 December 2021 is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (the Regulations) and section 145 of the Charities Act 2011 (the Act).
Respective responsibilities of the Parochial Church Council and the examiner
As members of the Parochial Church Council you are responsible for the preparation of the financial statements, you consider that the audit requirement of the Regulations and section 144(2) of the Act does not apply. It is my responsibility to issue this report on those financial statements in accordance with the terms of the Regulations.
Basis of this report
My examination was carried out in accordance with the General Directions given by the Charity Commission under section 145(5)(b) of the Act and to be found in the Church guidance, 2011 edition. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts with those records. It also includes considering any unusual items of disclosure in the financial statements and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by 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 Act; and
to prepare financial statements which accord with the accounting records and comply with the requirements of the Act and the Regulations 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.
Please see Independent Examiner's report attached to these Accounts.
Erica Tipton Two Hoots Bucklebury Village Berkshire RG7 6PS
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PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY
Statement of Comprehensive Income For the year ended 31 December 2021
| Note Incoming Resources Incoming resources from donors 2 Other voluntary incoming resources 2 Income from investments 2 Charitable and ancillary trading 2 Legacies 2 Total incoming resources Resources used Grants 3 Activities directly related to church work 3 Church management and administration 3 Total resources used Net outgoing/ incoming before transfer Gross transfers between funds -in 6 Net outgoing/incoming before gains Other recognised gains/(losses) 8 Net movement in funds Reconciliation of funds Total funds brought forward Net movement for year Total funds carried forward |
Unrestricted funds Restricted funds Endowment funds Total funds Prior year total funds £ £ £ £ £ 74,921 32,000 0 106,921 69,285 16,950 0 0 16,950 15,043 9,594 1,779 0 11,373 12,948 7,973 30 0 8,003 7,322 0 0 0 0 5,000 |
|---|---|
| 109,438 33,809 0 143,247 109,598 8,237 0 0 8,237 4,847 101,207 30,916 0 132,123 87,184 23,306 0 0 23,306 19,879 |
|
| 132,750 30,916 0 163,666 111,910 -23,312 2,893 0 -20,419 -2,312 1,778 -1,778 0 0 0 |
|
| -21,534 1,115 0 -20,419 -2,312 170,000 0 8,767 178,767 3,817 |
|
| 148,466 1,115 8,767 158,348 1,505 |
|
| 848,108 72,404 60,587 981,099 979,594 148,466 1,115 8,767 158,348 1,505 |
|
| 996,574 73,519 69,354 1,139,447 981,099 |
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PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY
Statement of Financial Position At 31 December 2021
| Notes Fixed Assets Tangible Assets 7 Investments 8 Current Assets Debtors 9 Investments 10 Cash at bank and in hand 11 Current Liabilities Sundry creditors 12 Net current assets less current liabilities Total assets less current liabilities Total net assets less liabilities Represented by Unrestricted Fund 14/15 Restricted Funds 16 Endowment Funds 8 Funds of the Church |
22,313 80,439 72,450 |
|---|---|
Approved by the Parochial Church Council on 28th February 2021 and signed on its behalf by
Mrs Lesley Green (Chair)
Mr Brian Main (Churchwarden)
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PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY
| Statement of cash flows For the year ended 31 December 2021 Cash flows from operating activities Net cash provided by operating activities Cash flows from investing activities Dividends Interest Rent received Expenditure on investment properties Net cash provided by investing activities Change in cash and cash equivalents in the reporting period Cash and cash equivalents at the beginning of the reporting period Cash and cash equivalents at the end of the reporting period |
2021 2020 £ £ -17,279 -18,308 1,760 1,700 79 448 9,534 10,800 -19,174 -1,894 -7,801 11,054 -25,080 -7,254 177,969 185,223 152,889 177,969 |
|---|---|
Reconciliation of net income/(expenditure) to net cash flow from operating activities
| Adjustments for Gains on investments Dividends Interest received Rents from investment properties Expenditure on investment properties (Increase)/Decrease in debtors (Increase)/decrease in creditors Net cash provided by operating activities Cash in hand Bank balance Bank deposit account Total cash and cash equivalents Net expenditure/income for the reporting period (as per the statement of comprehensive income) |
£ £ 158,348 1,505 -178,767 -3,817 -1,760 -1,700 -79 -448 -9,534 -10,800 19,174 1,894 -8,819 4,318 4,158 -9,260 -17,279 -18,308 225 225 72,225 97,305 80,439 80,439 152,889 177,969 |
|---|---|
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PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY
Notes to the 2021 financial statements
1 Accounting policies
Basis of financial statements
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the FRS102 SORP
The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include accounts of church groups that owe there main affiliation to another body, nor those that are informal gatherings of church members.
Fund accounting
Endowment funds are funds, the capital of which must be maintained; only income arising from investments of the endowment may be used either as restricted or unrestricted funds depending upon the purpose for which the endowment was established.
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 the year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.
Unrestricted funds are general funds which can be used by the PCC ordinary purpose.
Designated funds are general funds set aside by the PCC for use in the future. Project funds are designated for particular projects for administration purposes only. Designated funds remain unrestricted and the PCC will move any surplus to other general funds.
Airfield Church
Because of the ecumenical nature of the Airfield Church the PCC does not have sole legal responsibility for it. Therefore it is not deemed appropriate to incorporate the Statement of Comprehensive Income and Statement of Financial Position of the Airfield Church into the main statements of the PCC. These are therefore shown separately in the notes.
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 entitled to the amounts due. Dividends are accounted for when receivable, interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.
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PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY
Notes to the 2021 financial statements
1 Accounting policies continued
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 generally recognised when it is incurred and is accounted for gross.
Fixed assets
Consecrated and benefice property is not included in the accounts in accordance with section 10(2)a and (c) of the Charities Act 2011.
Moveable church furnishings held by the Vicar and churchwardens on specific trust for the PCC and which require a faculty for disposal are inalienable property, listed in the church's inventory, which can be inspected (at any reasonable time). 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 had cost more than £1,000 so all such expenditure has been written off when incurred.
Equipment used within the church premises is depreciated on a straight line basis over four years. Individual items of equipment costing less than £3,000 are written off when the asset is acquired.
Investments are valued at market value at 31 December.
Pensions
A defined contribution pension scheme is operated, contributions are charged to the statement of comprehensive income as they become payable.
Church Workers Pension Fund (CWPF) FRS102 - December 2021 Year End
St John the Evangelist participates in the Pension Builder Scheme section of CWPF for lay staff. CWPF is administered by the Church of England Pensions Board, which holds the CWPF assets separately from those of the Employer and other participating employers.
CWPF has two sections:
The Defined Benefits Scheme
The Pension Builder Scheme , which itself has two subsections;
-
a deferred annuity section known as Pension Builder Classic, and,
-
a cash balance section known as Pension Builder 2014 (this is the one St John the Evangelist uses).
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PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY
Notes to the 2021 financial statements
1 Accounting policies continued
Pension Builder Scheme
Both sections of the Pension Builder Scheme are classed as defined benefit schemes.
Pension Builder Classic provides a pension, accumulated from contributions paid and converted into a deferred annuity during employment based on terms set and reviewed by the Church of England Pensions Board from time to time. Discretionary increases may also be added, depending on investment returns and other factors.
Pension Builder 2014 is a cash balance scheme that provides a lump sum which members use to provide benefits at retirement. Pension contributions are recorded in an account for each member. Discretionary bonuses may be added before retirement, depending on investment returns and other factors. The account, plus any bonuses declared is payable, unreduced, from age 65.
There is no sub-division of assets between employers in each section of the Pension Builder Scheme.
The scheme is considered to be a multi-employer scheme as described in Section 28 of FRS 102. This is because it is not possible to attribute the Pension Builder Scheme’s assets and liabilities to specific employers and means that contributions are accounted for as if the Scheme were a defined contribution scheme. The pensions costs charged to the SoFA in the year are the contributions payable (2021: £633, 2020: £503).
A valuation of the Pension Builder Scheme is carried out once every three years. The most recent valuation was carried out as at 31 December 2019. The next valuation is due as at 31 December 2022.
For the Pension Builder Classic section, the valuation revealed a deficit of £4.8m on the ongoing assumptions used. At the most recent annual review, the Board chose to grant a discretionary bonus of 3% following improvements in the funding position over 2021. There is no requirement for deficit payments at the current time.
For the Pension Builder 2014 section, the valuation revealed a surplus of £5.5m on the ongoing assumptions used. There is no requirement for deficit payments at the current time.
The legal structure of the scheme is such that if another employer fails, St John the Evangelist could become responsible for paying a share of the failed employer’s pension liabilities.
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PARO
Notes to the 2021 Financial Statements
2 Incoming resources
| Incoming resources | |
|---|---|
| Incoming resources from donors Planned giving SO- Gift aid Planned giving env -Gift Aid Parish giving scheme GAYE/CAF Stripe Planned giving SO - non Gift aid Planned Giving env - non Gift Aid One off Gift Aid gifts One off non Gift Aid gifts Plate Sundry donations Other voluntary incoming resources Appeals - Gift Aid Appeals - non Gift Aid Job retention scheme grant Tax recovered on Gift Aid Income from investments Interest Dividends Rent - Caldbeck Drive Rent - Southlake Crescent Income from charitable and ancillary Fees - baptism Fees - wedding Fees - funeral Hall lettings Flower fund Ladies group Income from non charitable trading Legacies Total Incoming Resources |
2020 Unrestricted funds Restricted funds Endowment funds Total funds Total Funds £ £ £ £ £ 11,565 0 0 11,565 13,411 2,025 0 0 2,025 7,098 33,450 0 0 33,450 20,579 2,549 0 0 2,549 2,549 811 0 0 811 1,398 612 0 0 612 612 960 0 0 960 925 17,335 0 0 17,335 15,660 1,635 32,000 0 33,635 1,656 2,370 0 0 2,370 2,562 1,609 0 0 1,609 2,835 2021 |
| 74,921 32,000 0 106,921 69,285 0 0 0 0 0 0 0 0 0 0 1,375 0 0 1,375 0 15,575 0 0 15,575 15,043 |
|
| 16,950 0 0 16,950 15,043 60 19 0 79 448 0 1,760 0 1,760 1,700 1,434 0 0 1,434 0 8,100 0 0 8,100 10,800 |
|
| 9,594 1,779 0 11,373 12,948 trading 197 0 0 197 60 2,079 0 0 2,079 845 2,732 0 0 2,732 2,156 2,965 0 0 2,965 4,129 0 30 0 30 0 0 0 0 0 132 |
|
| 7,973 30 0 8,003 7,322 0 0 0 0 5,000 |
|
| 0 0 0 0 5,000 |
|
| 109,438 33,809 0 143,247 109,598 |
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PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY
Notes to the 2021 Financial Statements
3 Resources used
| Grants Overseas mission Home missions Secular charities Activities directly related to church work Parish share Vicar's working expenses Incumbant Vicar's expenses Visiting clergy/speakers Youth group Parish training Church maintenance Church cleaning Church insurance Upkeep of services Upkeep of churchyard Church heat, light, water Hall maintenance Hall cleaning Hall insurance Hall heat, light, water Flowers, Ladies, Contact 8 Caldbeck Drive 49 Southlake Crescent Audio visual Church roof Church management and administration Office supplies and sundry expenditure Telephone and broadband Computer and software Governance costs Salaries Bank charges Total outgoing resources |
2020 Unrestricted funds Restricted funds Endowment funds Total funds Total funds £ £ £ £ £ 5,786 0 0 5,786 4,680 1,905 0 0 1,905 0 546 0 0 546 167 2021 |
|---|---|
| 8,237 0 0 8,237 4,847 60,624 0 0 60,624 63,509 505 0 0 505 513 2,158 0 0 2,158 0 410 0 0 410 244 0 4,878 0 4,878 1,100 122 0 0 122 0 1,099 0 0 1,099 1,159 1,473 0 0 1,473 1,580 3,885 0 0 3,885 3,885 1,547 0 0 1,547 1,331 195 0 0 195 870 3,010 0 0 3,010 2,800 1,144 1,474 0 2,618 2,621 0 0 0 0 840 2,340 0 0 2,340 2,497 391 0 0 391 1,750 0 17 0 17 591 17,068 0 0 17,068 1,520 2,106 0 0 2,106 374 0 24,547 0 24,547 0 3,130 0 0 3,130 0 |
|
| 101,207 30,916 0 132,123 87,184 1,325 0 0 1,325 1,413 1,058 0 0 1,058 1,487 2,542 0 0 2,542 831 988 0 0 988 742 17,292 0 0 17,292 15,296 101 0 0 101 110 |
|
| 23,306 0 0 23,306 19,879 |
|
| 132,750 30,916 0 163,666 111,910 |
The parish share payable by St Johns Church for 2021 was £62,518 (2020 £66,970). This was reduced by a rebate of £1,894 and a contingency return of £0 for 2021 (2020 the rebate was £2,029 and the contingency return was £1,432), resulting in a net share per accounts of £60,624 (2020 £63,509)
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PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY
Notes to the 2021 financial statements
4 Staff Costs
| Staff Costs | ||
|---|---|---|
| Administrator Digital Manager Youth Worker Redundancy Pension contributions Church cleaner Hall cleaner |
2021 £ 7,896 7,728 4,080 1,035 633 1,423 0 22,795 |
2020 £ 11,692 2,928 1,100 0 503 1,627 761 |
| 18,611 |
During the year the PCC employed an administrator, digital manager and youth worker for St Johns Church and a cleaner for St Johns plus the Hall. The staff costs above are included under salaries and that of the cleaner which is included under hall and church cleaning costs.
Members of the PCC received reimbursement of expenses incurred on behalf of the Church. David Crane (Treasurer) received reimbursements totaling £1,633 and Lesley Green (Churchwarden) received reimbursements totalling £1,010, no other member received reimbursements totalling more than £1,000. There were no other discloseable transactions in respect of PCC members, closely connected with them or other related parties.
5 Independent examiner's remuneration
The independent examiner has waived her fees for the examination of these financial statements.
6 Transfer between funds
| Mission Dais Fund Flower Fund Church roof Property fund- Houses Palmer Endowment Trebble Endowment |
Restricted funds Restricted funds General Designated General Designated £ £ £ £ £ £ -6,819 6,819 0 -6,244 6,244 0 5 0 -5 29 0 -29 13 0 -13 -180 0 180 0 0 0 0 0 0 0 0 0 0 0 0 486 0 -486 470 0 -470 1,274 0 -1,274 1,230 0 -1,230 Unrestricted funds 2021 2020 Unrestricted funds |
|---|---|
| -5,041 6,819 -1,778 -4,695 6,244 -1,549 |
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PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY
Notes to the 2021 financial statements
- 7 Fixed assets - tangible assets
| Actual /deemed cost at 1 January 2021 Revaluation Disposals At 31 December 2021 Depreciation At 1 January 2021 Provision for year on disposals At 31 December 2021 Net book value At 31 December 2021 At 31 December 2020 |
Freehold land & buildings Plant & machinery Fixture fittings & equipment Total 730,000 0 0 730,000 170,000 0 0 170,000 0 0 0 0 |
|---|---|
| 900,000 0 0 900,000 |
|
| 0 0 0 0 0 0 0 0 0 0 0 0 |
|
| 0 0 0 0 |
|
| 900,000 0 0 900,000 |
|
| 730,000 0 0 730,000 |
Fixture, fittings and equipment includes items gifted to the PCC at their estimated value at the date of the gift.
All assets, except land and buildings, purchased prior to 1993 have been deemed to have no current value and have not, therefore been included within tangible fixed assets.
In order to conform with FRS102 SORP the freehold land and buildings have been subjected to an intrim revaluation. The Church has not been included (in accordance with The Charities Act 2011 Section 10(2) sub-section(c) as it is a consecrated building and the Church Centre has not been included because of its age and lack of ownership. The value at which the property is included above and the current insurance values are:
| 8 Caldbeck Drive 49 Southlake Crescent St Johns Church Centre St Johns Church |
Current Value Insurance Value £ £ 450,000 266,253 450,000 274,901 2,800,000 11,200,000 900,000 14,541,154 |
|---|---|
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PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY
Notes to the 2021 financial statements
8 Fixed assets- investments
The investment assets of the Parochial church Council consist of two endowments invested in income shares in the CBF Church of England Investment Fund. The capital is perpetual, which means it cannot be spent
| Previous | ||||||
|---|---|---|---|---|---|---|
| Opening | years | Unrealised | Value at | |||
| Number | capital | unrealised | Value at | Gain Current | 31/12/2021 |
|
| of shares | (perpetual) | Gains | 01/01/2021 | Year | (perpetual) | |
| Palmer Charity | 818 | 669 | 16,089 | 16,758 | 2,398 | 19,156 |
| Trebble Bequest | 2,143 | 22,719 | 21,110 | 43,829 | 6,369 | 50,198 |
| 23,388 | 37,199 | 60,587 | 8,767 | 69,354 |
9 Current assets - Debtors
| Income tax recoverable Other 10 Current assets - investments CBF C of E Deposit Fund |
2021 2020 £ £ 18,609 10,032 3,704 3,462 22,313 13,494 2021 2020 £ £ 80,439 80,439 |
|---|---|
The Central Board of Finance (CBF) Church of England Deposit Fund has earned an average interest rate of 0.50% throughout 2018
. The interest has been held in the General Fund in the appropriate restricted and designated funds and has been allocated on a pro rata basis. The funds held throughout 2019 have
| Church Centre Dais Fund Legacies |
£ 15,000 5,000 60,439 |
|---|---|
| 80,439 |
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PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY
Notes to the 2021 financial statements
11 Current Assets - Cash
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Cash at bank and in hand | ||
| St Johns | ||
| CAF Bank Account | 71,723 | 79,910 |
| NatWest | 322 | 17,215 |
| Cash in Hand | 65 | 65 |
| Youth club cash in hand | 50 | 50 |
| 72,160 | 97,240 | |
| Ladies Group | ||
| Bank Account | 180 | 180 |
| Cash in Hand | 110 | 110 |
| 290 | 290 | |
| Total Cash at bank and in hand | 72,450 | 97,530 |
| Liabilites: amounts falling due within one year | ||
| 2021 | 2020 | |
| £ | £ | |
| Agency collections | 935 | 687 |
| Other creditors | 4,174 | 264 |
| 5,109 | 951 |
12 Liabilites: amounts falling due within one year
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PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY
Notes to the 2021 financial statements
13 Analysis of net assets by fund
2021
| Fixed Asset Property Fixed Assets Investment Debtors Deposit Account Cash at Bank and in Hand Sundry Creditors |
Unrestricted funds Designated funds Restricted Funds Endowment funds Total funds £ £ £ £ £ 0 900,000 0 0 900,000 0 0 0 69,354 69,354 20,125 1,188 1,000 0 22,313 0 60,439 20,000 0 80,439 -16,076 36,007 52,519 0 72,450 -5,109 0 0 0 -5,109 |
|---|---|
| -1,060 997,634 73,519 69,354 1,139,447 |
2020
| Fixed Asset Property Fixed Assets Investment Debtors Deposit Account Cash at Bank and in Hand Sundry Creditors |
Unrestricted funds Designated funds Restricted Funds Endowment funds Total funds £ £ £ £ £ 0 730,000 0 0 730,000 0 0 0 60,587 60,587 12,494 0 1,000 0 13,494 0 60,439 20,000 0 80,439 -1,759 47,885 51,404 0 97,530 -951 0 0 0 -951 |
|---|---|
| 9,784 838,324 72,404 60,587 981,099 |
14 Unrestricted funds
Unrestricted funds represent assets available to be used at the discretion of the Parochial Church Council for furthering the mission and vision of the Church.
St Johns Church Main Fund
| Fixed assets Deposit account Bank and Cash Balance Net Current Assets General Funds Designated Funds |
2021 2020 £ £ 900,000 730,000 60,439 60,439 19,931 46,126 16,204 11,543 996,574 848,108 -1,060 9,784 997,634 838,324 996,574 848,108 |
|---|---|
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PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY
Notes to the 2021 financial statements
15 Designated funds
| Legacies Mission Fresh expression fund Church roof Properties fund Properties fund - Houses |
Balance at 01/01/2021 Income resources Outgoing resources Transfers Balance at 31/12/2021 £ £ £ £ £ 60,729 0 0 0 60,729 11,413 0 -8,236 6,819 9,996 0 527 -160 0 367 0 5,937 -3,130 -2,807 0 730,000 170,000 0 0 900,000 36,182 9,534 -19,174 0 26,542 |
|---|---|
| 838,324 185,998 -30,700 4,012 997,634 |
The Mission fund arises from the tithe on general giving and enables a commitmentto provide regular support to four missions partners. Any surplus is distributed on a discretionary basis.
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PAROCHIAL CHURCH COUNCIL OF ST JOHN THE EVANGELIST, WOODLEY
Notes to the 2021 financial statements
16 Restricted funds
Restricted funds represents assets given to the Parochial Church Council for a particular purpose and the funds cannot, and must not, except by the specific legal criteria, be used for any other purpose. The Parochial Church Council has several restricted funds, the movement over the past year ere:
| Church Buildings Church Centre Audio Visual Pamela Francis Ingram Legacy Chair Fund Dais Fund Flower Fund Ladies Group Reorder Silverware Palmer Endowment Fund Trebble Endowment Fund |
Balance at 01/01/2021 Incoming resources Outgoing resources Transfers Balance at 31/12/2021 £ £ £ £ £ 2,546 0 2,546 33,118 14 -1,474 0 31,658 0 32,000 -24,547 0 7,453 12,423 0 -4,878 0 7,545 123 0 0 0 123 5,037 5 0 -5 5,037 0 30 -17 -13 0 291 0 0 0 291 18,136 0 0 0 18,136 730 0 0 0 730 0 486 0 -486 0 0 1,274 0 -1,274 0 |
|---|---|
| 72,404 33,809 -30,916 -1,778 73,519 |
.
17 Endowment funds
The Parochial Church Council has two endowment funds:
The Woodley Charity of Susanna Caroline Palmer - this is a permanent endowment which requires the income to be spent on maintaining the parish church;
The Mrs.M Trebble Bequest -this is a permanent endowment, received in October 1998, which requires the income to be used for the repair, preservation and maintenance of the parish church and its fittings and monuments.
| Dividend income Palmer Charity Trebble Bequest |
2021 £ 486 1,274 1,760 |
2020 £ 470 1,230 |
|---|---|---|
| 1,700 |
The capital values of the endowments are shown in note 8 and the dividends received are held in the restricted Palmer Endowment Fund and the Trebble Endowment Fund respectively
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WOODLEY AIRFIELD CHURCH YEAR ENDED 31 AUGUST 2021
| Incoming Resources Offerings and tax recovered Interest Received Total incoming Resources Resources Used Ministry Circuit Donations Utilities Other payments Total payments Net Payments Total funds brought forward Funds at end of year STATEMENT OF FINANCIAL POSITION Cash at Bank HSBC CFB Liabilities Net assets |
£ £ £ £ 8,964 7,884 6 42 8,970 7,926 6,611 6,526 1,272 1,251 373 361 962 987 9,218 9,125 -248 -1,199 10,016 11,215 9,768 10,016 2021 2020 £ £ 7,838 2,443 1,930 7,573 9,768 10,016 0 0 9,768 10,016 2021 2020 |
£ £ £ £ 8,964 7,884 6 42 8,970 7,926 6,611 6,526 1,272 1,251 373 361 962 987 9,218 9,125 -248 -1,199 10,016 11,215 9,768 10,016 2021 2020 £ £ 7,838 2,443 1,930 7,573 9,768 10,016 0 0 9,768 10,016 2021 2020 |
|---|---|---|
| -1,199 11,215 |
||
| 10,016 | ||
| 2020 £ 2,443 7,573 |
||
| 10,016 0 |
||
| 10,016 |
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