Charity registration no: 1129554
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN, BATH
REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Administrative office:
Church Office Church Rooms The Avenue Combe Down BATH BA2 5EE
Incumbent :
The Rev’d Shawn Swinney ‘Lonsdale’ 81 Church Road Combe Down BATH BA2 5JJ
Bankers :
National Westminster Bank plc 24-25 Stall Street BATH BA1 1QF
Independent examiner :
Matthew Small FCA Berkeley Hall Marshall Limited Chartered Accountants and Statutory Auditor 6 Charlotte Street BATH BA1 2NE
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF COMBE DOWN, BATH
INDEX TO THE REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021
Page no
1/4 PCC annual report 5 Independent examiner’s report 6 Statement of financial activities 7 Balance sheet 8/14 Notes to the financial statements
THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF COMBE DOWN, BATH
ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021
The Parochial Church Council
The Parochial Church Council (PCC) is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a Registered Charity and the PCC members are trustees for the purposes of charity law.
The PCC has the responsibility of co-operating with the incumbent in promoting within this parish the whole mission of the Church -pastoral, evangelistic, social and ecumenical. The PCC registered with the Charity Commission on 13 May 2009. Members of the Council are either ex-officio or elected by the Annual Parochial Church Meeting. The appendix to this report lists those who served as members of the Council from January 2021. PCC meetings were held every two months and a Standing Committee of the PCC meeting in the intervening months. There are 3 sub committees of the PCC to give greater focus; these are Staffing Committee, Buildings Committee and Standing Committee.
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 invested and spent.
Buildings
The principal buildings available to the Church Family are:
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Holy Trinity Church, Church Road, Combe Down - consecrated 1835.
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The Church Rooms, The Avenue (dedicated 1926) which is part of a separate trust, Holy Trinity Trust.
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St Andrew’s Community Church, Foxhill, which is also part of Holy Trinity Trust. This new Church building was completed in November 2011 as the final part of the ‘Rainbow Project’.
Governing document
The charity is governed by the Parochial Church Council Powers Measure (1956) as amended (see https://www.legislation.gov.uk/ukcm/Eliz2/4-5/3/contents) and church representation rules, which were updated in 2000 (see https://www.churchofengland.org/about/leadership-and-governance/legal-services/church-representationrules).
Public benefit
The charity has due regard to the guidance published by the Charity Commission on public benefit.
Risk management
The PCC members have a duty to identify and review the risks to which the charity is exposed and to ensure appropriate controls are in place to provide reasonable assurance against fraud and error.
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN, BATH
ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 (continued)
Review of the Year
This was the second year of the Covid Pandemic and there were various levels of restrictions through the year, however the work of the churches continued. Services were streamed and placed on YouTube. There was very professional filming and editing of services with a chat function so that those viewing the streamed services could contribute. Most of our home groups used Zoom to connect with their members when the restrictions were at their height. Using these electronic means the congregations remained connected and encouraged.
We were very encouraged that our giving to church funds held up well through the year.
Staff Changes
We were delighted to appoint two senior members to our ministry team, Malcolm Morgan as Minister for St Andrews Community Church, and Rev Tim Lewis as Associate Minister for Growth, a diocesan appointment. We welcomed Katy Partridge as our full time curate, and Chris Absolon our part time non-stipendiary curate was priested.
Holy Trinity Church
The two morning services continued largely as hybrid services with some pre-recorded and some in person pieces. The church was open to a reduced congregational number due to the restrictions, but a good number joined online. We also had some visitors to the online services from other parts of the U.K. We had Children’s holiday club online and creative Christmas services outside.
St Andrews Community Church (StACC)
Cath Candish supported St Andrew’s congregation during the vacancy between Steve Rogers’ death and a new appointment. She moved to her curacy placement in June. We were very pleased to appoint Malcolm Morgan and he took office in September 2021. StACC continued its social supportive work throughout the pandemic with provision of meals to be collected by the Foxhill Focus lunch club for the marginalised, and food parcels for families and individuals in need and door step visiting.
The Christmas trailer with lights and music was well received as it toured around the streets of Foxhill.
Children’s Work
During the Pandemic children’s activities had to be online. Our Children’s minister produced weekly video clips and downloadable sheets. An outdoor area covered with a sail in the church garden was created and muddy church was invented! The numbers of children taking part did fall as a result of the restrictions but are increasing again now.
Youth Work
During the height of the Pandemic youth work had to be outdoors, and via phone calls. When restrictions eased a new Youth home group was started, two small youth camps were enjoyed, the Friday, and Sunday youth gatherings were restarted, and the Thursday Youth Group in StACC was reopened. All the youth activities have a good attendance, enthusiasm, vigour and increasing faith.
Seniors’ Work
Our Senior’s Minister, with the Senior’s Pastoral Care Team, kept in touch with our senior members through the pandemic. As restrictions lessened our other Senior’s ministries were able to restart- the Thursday traditional service at Holy Trinity, Dementia friendly services at Peggy Dodd, visiting at other care homes, and bereavement support service and a new ‘Thanksgiving and Remembering Service.’
CAP Debt Centre
The work of the debt centre continued throughout the pandemic but connected with their clients electronically. We are very grateful to receive funding from the National Lottery Community Fund – RC South West Region.
Prayer
The Morning Prayer Meeting continued on Zoom with an encouraging attendance of 20, the 7 AM prayer meeting made use of Zoom when restrictions made this necessary and the other church prayer meetings continued where they could, so the prayer life of the churches continued unimpeded and was a great comfort and resource in difficult times.
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THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF COMBE DOWN, BATH
ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 (continued)
Financial review of the year
Total incoming resources for 2021 were £564k, up from £540k in 2020. This is made up of £524k unrestricted funds and £40k restricted funds. Total expenditure for 2021 was £530k, up from £528k in 2020. This is made up of unrestricted expenditure of £488k and restricted expenditure of £42k.
The balance in the Unrestricted Funds at the end of 2021 was £528k which is a £46k increase from £482k in 2020. The Restricted Fund reserves at the end of 2021 was £54k, up from £50k in 2020.
Our reserves are higher than planned, partly due to the income holding up well during these uncertain times but also our expenditure being significantly less than we planned due to our activities not happening in the same way due to Covid. We have also been utilising the short-term grants both received in 2021 and held in restricted reserves at the start of the year which have enabled so much activity to be funded –but the church will soon need to fund some of this from our regular giving. The PCC has prepared forecasts which demonstrate that the excess reserves will be utilised in the short/medium term-during which we trust that we will continue to grow and thus be able to fund our expenditure.
Reserves Policy
At the end of the year, the charity had unrestricted cash reserves that represented approximately 12 months’ worth of unrestricted expenditure on its activities based on the 2021 figures, although unrestricted expenditure is expected to be higher in 2022 once activities resume. The PCC members consider a target of six months expenditure is sufficient to avoid disruption to the operation of the charity in the event of a downturn in future income and have budgeted to reduce the reserves to this level over the coming years.
Conclusion
To conclude although this second year of the Pandemic has been challenging and has needed inventive, creative solutions to the changing situation, we have seen that God is faithful. The church has many new members, new staff and our giving has been sustained.
We praise God for all his provisions and look forward to 2022 with expectation.
These words from Isaiah 43 are pertinent:
‘See, I am doing a new thing! Now it springs up; do you not perceive it? I am making a way in the wilderness and streams in the wasteland.’
Rev Shawn Swinney on behalf of the PCC
Date:
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THE PAROCHIAL CHURCH COUNCIL OF THE
ECCLESIASTICAL PARISH OF COMBE DOWN, BATH
ANNUAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2021 (continued)
Appendix
Membership of the Parochial Church Council
The following have served as members of the Council from January 2021.
Clergy Rev Shawn Swinney Vicar, Licensed September 2018 Rev Tim Lewis Licensed September 2021 Rev Dr Chris Absolon Licensed June 2021 Rev Katy Partridge Licensed July 2021 Churchwardens: Christine Absolon Re-elected 2020 Nick Alexander Elected 2020 (PCC 2019) PCC Members: John Talbot Treasurer co-opted 2013 Rebecca Clay Elected 2020 Sue Dewes Elected 2020 Jacob Easaw Elected 2020 Sally Hogg Re-elected 2020 Howard Jones Chair of Buildings Committee elected 2021 Jessica Morris Elected 2021 Keith Reynolds Chair of Staffing Committee elected 2021 Di Stubbs Re-elected 2021 Richard Meryon Deanery Synod Rep elected 2020 Mark Womersley Deanery Synod Rep elected 2018 Clive Abbot Stood down 2021 Lewis Irvine Stood down 2021 Niall Robertson Stood down 2021 Simon Winchcombe Stood down 2021
PCC Secretary: Emily North (non-voting observer)
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ECCLESIASTICAL PARISH OF COMBE DOWN, BATH
I report to the charity trustees on my examination of the accounts of the charity for the year ended 31 December 2021 which are set out on pages 6 to 14.
Responsibilities and basis of report
As the charity’s 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 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
Since the charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales, which is one of the listed bodies.
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:
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accounting records were not kept in respect of the charity as required by section 130 of the Act; or
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the accounts do not accord with those records; or
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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 requirement 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.
Matthew Small FCA Berkeley Hall Marshall Limited 6 Charlotte Street Bath BA1 2NE
14 April 2021
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THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN BATH
STATEMENT OF FINANCIAL ACTIVITIES INCORPORATING AN INCOME AND EXPENDITURE ACCOUNT FOR THE YEAR ENDED 31 DECEMBER 2021
| Notes INCOME AND ENDOWMENTS FROM: Donations and legacies 3 Charitable activities 4 Investments 5 Total EXPENDITURE ON: Charitable activities Activities relating to the work of the church 6 Total NET INCOME/(EXPENDITURE) Transfer between funds Unrealised gain on investments NET MOVEMENT IN FUNDS RECONCILIATION OF FUNDS Total funds brought forward Net movement in funds TOTAL FUNDS CARRIED FORWARD |
Unrestricted Restricted Total funds funds funds 2020 £ £ £ £ 518,408 35,770 554,178 529,054 5,248 4,041 9,289 8,708 359 - 359 2,111 524,015 39,811 563,826 539,873 488,297 42,075 530,372 527,565 488,297 42,075 530,372 527,565 35,718 2,264 ) ( 33,454 12,308 5,000 ) ( 5,000 - - 15,941 812 16,753 11,251 46,659 3,548 50,207 23,559 481,641 50,294 531,935 508,376 46,659 3,548 50,207 23,559 528,300 53,842 582,142 531,935 2021 |
|---|---|
The notes form part of these financial statements Page 6
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN BATH
BALANCE SHEET AS AT 31 DECEMBER 2021
| Notes FIXED ASSETS Tangible assets 7 Investments 8 CURRENT ASSETS Debtors 9 Prepayments Cash at bank and in hand CURRENT LIABILITIES Creditors: amounts falling due within one year 10 NET CURRENT ASSETS TOTAL ASSETS LESS CURRENT LIABILITIES NET ASSETS FUNDS General purpose fund Restricted fund 12 TOTAL FUNDS |
Unrestricted Restricted funds funds £ £ - - 106,828 6,455 2021 |
Total funds £ - 113,283 113,283 11,224 3,913 482,684 497,821 28,962 468,859 582,142 582,142 528,300 53,842 582,142 |
2020 £ 2,625 96,529 |
|---|---|---|---|
| 106,828 6,455 |
99,154 | ||
| 11,224 - 3,913 - 435,297 47,387 |
16,586 5,188 441,616 |
||
| 450,434 47,387 |
463,390 | ||
| 28,962 - |
30,609 | ||
| 421,472 47,387 |
432,781 | ||
| 528,300 53,842 |
531,935 | ||
| 528,300 53,842 |
531,935 | ||
| 481,641 50,294 |
|||
| 531,935 |
The financial statements were approved by the Parochial Church Council on and were signed and authorised for issue on its behalf by:
Rev Shawn Swinney
The notes form part of these financial statements Page 7
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN BATH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES
Statutory information
The Parochial Church Council of the Ecclesiastical Parish of Combe Down, Bath is a charity registered in England and Wales. The charity's registered number is 1129554 and its administrative office is Church Office, Church Rooms, The Avenue, Combe Down, Bath BA2 5EE.
Accounting convention
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006, the Charities Act 2011, the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and applicable accounting standards.
The financial statements have been prepared under the historical cost convention except for the valuation of investment assets, which are shown at fair value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible by law. They do not include the accounts of church groups that owe their main affiliation to another body, nor do those that are informal gatherings of church members.
Incoming resources
All incoming resources are included on the Statement of Financial Activities when the charity is legally entitled to the income and the amount can be quantified with reasonable accuracy.
Resources expended
Expenditure is accounted for on an accruals basis and has been classified under headings that aggregate all cost related to the category. Where costs cannot be directly attributed to particular headings they have been allocated to activities on a basis consistent with the use of resources.
Tangible fixed assets
Consecrated and benefice property is not included in the accounts in accordance with section 10(2)(c) 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 inalienable property and no value is placed on these within the accounts. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities and separately disclosed.
Functional equipment that is used on a continuing basis for the work of the PCC is included in the balance sheet. Depreciation is provided at the following annual rates in order to write off each assets over its estimated useful life.
Computers and office equipment - 20% on cost Furniture and fittings -10-20% on cost Minibus -over 2 years
The notes form part of these financial statements
Page 8
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN BATH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES (continued)
Taxation
The activities of the charity fall within the exemptions afforded by the provisions of the Income Taxes Act 2007. Accordingly, there is no taxation charge in these financial statements.
Fund accounting
Unrestricted funds can be used in accordance with the charitable objectives at the discretion of the PCC Members.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes.
Further explanation of the nature and purpose of each fund is included in the notes to the financial statements.
Legacies
Income is recognised on a receivable basis when there is sufficient evidence to provide necessary certainty that the legacy will be received and the value of the incoming resources can be measured with sufficient reliability.
Grants receivable
Grants are recognisable upon confirmation of commitment for the relevant financial year.
Investment
Investments are shown at their fair value as at the end of the financial year. Any gain or loss on the investment is showing on the statement of financial activities under unrealised gain/(loss) on investments.
Reserves
At the end of the year, the charity has unrestricted cash reserves that represented approximately twelve months of unrestricted expenditure on its activities and to take into account any possible repairs required to the church. The PCC Members consider a target of at least six months expenditure is sufficient to avoid disruption to the operation of the charity in the event of a downturn in future income. The PCC have detailed plans to utilise these additional resources.
2. TRUSTEES' REMUNERATION AND BENEFITS
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 (2020 - nil).
Trustees' expenses
Trustees' expenses paid for the year ending 31 December 2021 £1,568 (2020 - £834).
The notes form part of these financial statements Page 9
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN BATH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| 3. DONATIONS AND LEGACIES Vicar's Discretionary Fund Benefice Ministry Allowance Planned giving Collections Sundry donations and other income Legacies Families and Children CAP Centre Grants St Andrew's Income tax recoverable 4. CHARITABLE ACTIVITIES Children & Families St Andrew's Youth Mission Pastoral Worship Support 5. INVESTMENTS Interest and dividends The National LotteryCommuity Fund - RC South West Region for CAP Bath Coronavirus Community Support Fund, distributed by The National Lottery Community Fund for CAP Bath |
Unrestricted Restricted Total funds funds funds 2020 £ £ £ £ - 11 11 11 34,996 - 34,996 45,333 397,492 - 397,492 387,980 2,205 - 2,205 1,044 12,783 - 12,783 2,886 - - - 4,000 - 1,000 1,000 1,892 - 1,650 1,650 9,886 - - - 6,000 - 22,444 22,444 - - 10,665 10,665 891 70,932 - 70,932 69,131 518,408 35,770 554,178 529,054 388 - 388 223 - 2,246 2,246 300 46 1,795 1,841 2,093 202 - 202 2,385 - - - 925 4,612 - 4,612 2,782 5,248 4,041 9,289 8,708 359 - 359 2,111 359 - 359 2,111 2021 |
|---|---|
The notes form part of these financial statements Page 10
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN BATH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| 2021 | |||||
|---|---|---|---|---|---|
| **Unrestricted ** | Restricted | Total | |||
| funds | funds | funds | 2020 | ||
| £ | £ | £ | £ | ||
| 6. | ACTIVITIES RELATING TO THE WORK OF THE | CHURCH | |||
| The Vicar's Discretionary Fund | - | 100 | 100 | - | |
| Parish share | 175,479 | - | 175,479 | 166,020 | |
| Salary costs | 156,525 | 25,874 | 182,399 | 189,517 | |
| Running and Admin Costs | 60,602 | - | 60,602 | 60,322 | |
| Children and Families | 2,447 | - | 2,447 | 3,106 | |
| St Andrew's | 20,982 | 8,001 | 28,983 | 22,314 | |
| Youth | 1,835 | 1,535 | 3,370 | 2,493 | |
| Pastoral | 11,338 | - | 11,338 | 8,275 | |
| CAP Centre | - | 6,565 | 6,565 | 5,689 | |
| Worship Support | 10,676 | - | 10,676 | 10,345 | |
| Mission expenses | 38,035 | - | 38,035 | 46,758 | |
| Depreciation of equipment | 2,625 | - | 2,625 | 5,250 | |
| Professional and book-keeping | 3,456 | - | 3,456 | 3,421 | |
| Independent examiner's fee | 440 | - | 440 | 440 | |
| Non-audit/examination services | 1,000 | - | 1,000 | 1,000 | |
| Insurance | 2,857 | - | 2,857 | 2,615 | |
| 488,297 | 42,075 | 530,372 | 527,565 | ||
| Support costs included within note 6 above: | |||||
| Running, admin and misc costs | 80,597 | - | 80,597 | 87,345 | |
| Other support costs | 8,666 | - | 8,666 | 5,471 | |
| 89,263 | - | 89,263 | 92,816 |
The notes form part of these financial statements Page 11
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN BATH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
7. FIXED ASSETS
Tangible fixed assets
| Cost as at 1 January 2021 Additions Cost as at 31 December 2021 Depreciation as at 1 January 2021 Charge for year Depreciation as at 31 December 2021 Net book value as at 31 December 2020 Net book value as at 31 December 2021 |
Computers Motor and office vehicles equipment £ 10,500 20,391 - 10,500 20,391 7,875 20,391 2,625 - 10,500 20,391 2,625 - - - |
Total £ 30,891 - |
|---|---|---|
| 30,891 28,266 2,625 |
||
| 30,891 2,625 |
||
| - |
8. INVESTMENTS
These comprise of 276.01 restricted income shares and 1831.65 unrestricted accumulation shares in the CBF Church of England Investment Fund. At 31 December 2021 each income share was valued at 2338.67 pence - total value £6,455 (2020 - 276.01 shares total value £5,643) and each accumulation share was valued at 5832.33 pence - total value £106,828 (2020 - 1831.65 shares total value - £90,886). The historic cost as at 31 December 2021 was £80,000 acquired in 2020.
9.
10.
DEBTORS
| Debtors Gift aid due Other debtors CREDITORS Trade creditors Other creditors Accruals and deferred income |
2021 2020 £ £ 1,455 1,891 7,411 13,238 2,358 1,457 11,224 16,586 2021 2020 £ £ 14,359 4,530 7,732 5,826 6,871 20,253 28,962 30,609 |
|---|---|
The notes form part of these financial statements Page 12
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN BATH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
| 11. STAFF COSTS Gross wages Employer's pension contributions Employer's NI |
2021 2020 £ £ 166,157 172,961 8,688 8,975 7,554 7,581 182,399 189,517 |
|---|---|
No employee received emoluments of more than £60,000 during the year. The average number of employees in the year was 10 (2020 - 10).
| 12. RESTRICTED FUNDS Clock fund CBF Church of England Investment Albania and other youth trips St Andrew's St Andrew's Centre The Vicar's Discretionary Fund Building Repair Fund CAP Bath Centre Other The National Lottery Community fund - RC South West Region for CAP Bath Coronavirus Community Support Fund, distributed by The National Lottery Community Fund for CAP Bath |
Balance at Incoming Resources Balance at 01.01.2021 resources expended Transfers31.12.2021 and transfers £ £ £ £ £ 801 - - - 801 5,643 812 - - 6,455 2,877 1,795 1,535 - 3,137 600 - - - 600 5,832 - 5,832 - 3,550 11 100 - 3,461 10,332 - - - 10,332 15,543 1,650 12,714 5,000 9,479 - 22,444 10,759 - 11,685 1,982 13,911 8,001 - 7,892 3,134 - - 3,134 - |
|---|---|
| 50,294 40,623 42,075 5,000 53,842 |
The CAP Bath Centre fund is for the purpose of supporting the operational costs of running the local Christians Against Poverty Centre. The PCC designated £5,000 to the CAP project which is shown here as a transfer to the restricted CAP centre fund.
The Building Repair fund is for the purpose of meeting relevant building repair costs.
St Andrew's centre is for the purpose of meeting the costs entailed with providing the centre manager and outreach worker post at St Andrew's Church.
Of the above funds, £6,455 relates to fixed asset investments on the balance sheet (part of the CBF Church of England Investment), the remainder of £47,387is included within bank balances. Any additional expenditure for St Andrew's Centre was met by unrestricted funds.
The notes form part of these financial statements Page 13
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF COMBE DOWN BATH
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
13. STATEMENT OF FINANCIAL ACTIVITIES 2020 COMPARITIVES
Unrestricted income and endowments for 2020 consisted of £509,374 donations and legacies, £4,519 charitable activities and £2,111 investments. Expenditure consisted of £464,408 charitable activities. There was also an unrealised gain on investments £10,886. There was a transfer from unrestricted to restricted funds of £4,998. The unrestricted funds opening value was £424,157 and closed at £481,641.
Restricted income and endowments for 2020 consisted of £19,680 donations and legacies and £4,189 charitable actvities. Expenditure consisted of £63,157 charitable activities. There was also an unrealised gain on investments of £365. There was a transfer from unrestricted to restricted funds of £4,998. Restricted funds opening value was £84,219 and closed at £50,294.
14. RELATED PARTY TRANSACTIONS
Holy Trinity Trust is a related party due to PCC members Niall Robertson and Nick Alexander being trust members.
During the year the following related party transactions took place:
Total office rent costs of £20,100 were paid for by Combe Down PCC to Holy Trinity Trust. These costs were calculated to represent an arm's length value.
15. CONSECRATED OR BENEFICE BUILDING REPAIRS AND MAINTENANCE
During the year repairs and maintenance on the church totalled £13,094.
The notes form part of these financial statements Page 14