THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST ANDREW, BEDFORD REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDING 31 DECEMBER 2021 cofvrrENTS Page Trustees, Report Independent examinerfs report Statement of financial activtties Balan￿ sheet Notes to the financial ststements 9-18 Tha Par￿h￿l1 Chufd) Council of Eccksgst￿l Partsh of St AThJTEW. Bedford, is regi8ter&l th the Chanty cLNf¥T￿ for ErKJtaM1 atKI Wats (ch￿lty no. 11Y)171.) PAROCHIAL CHURCH COUNCIL OF ST ANDREW BEDFORD TRUSTEES, REPORT FOR THE YEAR ENDING 31 DECEMBER 2021 Aim and Purposes The Parochial Church Council has the responsibilty of c(koperating wth the Incumbent, the Reverend Luw Davis, in promoting in the ecclesiastical parish of St Andrew, Bedford, the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has responsibilrty for the maintenance of the Pansh Church and Church Centre. Objectives and Activities When planning our activtlies for the year, we have considered the Charity Commission's guidance on public benefit and. in particular. the supplementary guidan￿ on charities for the advan￿ment of religion. In particular, we try to enable ordinary people to Itve out their faith as part of our parish communty through". Worship and prayer.. leaming aboui the Gospel; and developing their knowledge and trust in Jesus. Provision of pastoral care for people living in the parish. Missionary and outreach work. Achievements and perfonnance In July this year, after a year of vacancy. and after careful and prayerful preparation, we welcomed Revd. Lucy Davis as Vicar. Worshi and Pra er When COVID restrictions have allowed, we have continued to offer seNices of Holy Communion each Sunday - at 8 am and 10 am. There is also a regular Wednesday moming Communion Service. Moming and Evening Prayer are offered from Monday to Saturday along with Evening Prayer on Sundays. All are welcome to attend our services, vthich are publicised on our website. People unable lo be present in person have been invited to join ServI￿S via a livestream on YouTube or on Zoom. The PCC is keen to welcome families and thildren to worship, prayer and leaming". We employ a children's worker. vthose hours were increased from 15 to 20 hours a week during 2021, reflecting the very positive impact of her work in supporting families and nurturing their faith. Messy Church was held four times in person. Children's Groups during the Parish Eucharist Servi￿ were reintroduced in Septemter 2021 following suspension due to COVID. Ten young people were admitted to Communion in December 2021. following a course of preparation. As well as our regular servI￿s, we enable our community to celebrate and thank God at the milestones of life's journey. In 2021 we held 8 baplisms and celebrated 3 weddings (2020 - 1 baptism and 1 wedding). We held 11 funerals in our church and conducted 12 funerals elsewhere on behalf of this church (2020 - 12 in church and 19 elsewhere). Pastoral Care The Parish Nurse, members of the congregation and the vicar regularfy visit those from the Partsh who are unwell, housebound or in hosprtal. In addition, a Servi￿ of Holy Communion is celebrated at Airedale Nursing Home once a month. Mission and Evan elism Over the course of the 2021, we supported several charities as Mission Partners. carrying out God's work in the world. During the year we became a collection F)oint for Bedford Fo¢xI Bank. Our Fairtrade shop continues to trade suc￿SsfUlly, encouraging economic justice to workers overseas. In 2021 the Church achieved our Bronze A Rocha Eco Church award, as we make progress to reducing our impact on the environrnent. Ecurnenical relationshi The church is a member of Churches Together in Bedford. Deane Four members of the PCC sit on the Bedford Deanery Synod. This provides the PCC with an important link between the parish and the wider structures of the church. Buildin 2021 saw the ￿ntenary of the laying of the foundation stone of St Andrew's Church. The building has seen subsequent stages of development in the last 100 years, including a sutte of rooms that are available to hire and are Y￿11 used by community groups throughout the week. Financial review Net Surplus in 2021 was £46.354 {2020: Net Deficit of £13,797). Of the Income of £394,343 {2020.' £351,890), the major changes from 2020 were". Hall Trust grants to fund projects increased by £31,940 to £62,021. Projects in 2021 included the AV Screens and the improved church lighting. There was a fall of £12,593 in Sundry Donations. partly due to the prior year including IT funding. Partly due to a redurtion in staff furlough there was a £6,611 increase in the Hall Trust grant for salaries and expenses. partly offset by a £4.208 fall in the Job Retenlion Scheme Grant (HMG). Rental income from 5 St Minver was £5.OC(1 {2020'. nil) as it was let for part of the year following the departure of our curate. We re￿iVed grants from Bedford Borough relating to Covid of £16,083 (2020: £10,000). Church lettings income {though lower than normal) increased by £3,000 and Fairtrade Sales increased by £6,587, both due to the church centre being open more as Covid lockdowns were shorter than the prior year. of the Resour￿ Expended of £347,989 (2020.. £365,687) the major changes were No grant was made to St Albans Diocese {2020: £10,000 discretionary grant), Church repairs were £9,757 lower. Church Centre running costs were £2,214 lower. Fairtrade purchases were up by £4.666. reflecting a larger cost of sales as trading volumes increased, while donations were down by £3,080. n addition to revenue expenditure, capttal expenditure of £68,845 was incurred and this provided AV Screens. improvements to the church lighting and new lighting in the Main Hall Resep4es Unreslricled Reserves The PCC has not set a target for its free reserves lunrestricled reserves, excluding tangible fixed assets) held to smooth out fluctuations in cash flow and lo meet emergencies. Al the end of 2021 the balan￿ of the free reserves was £721.770 which represents more than 2 years of total expenditure_ During 2022 the Resèrves Policy will be remewed. Reslricled Reserves The reslricled resetves of £23,746 can only be spent for the purrK15es for which they were originally donated. Le ac Polic A legacy policy is to be developed during 2022. It is our policy to invest cash balances over and above those requiied to fund day to day expenditure with the CCLA Church of England Deposit Fund. structurej governance and rnanagement The Parochial Church Council of the Ecclesiastical Parish of St Andrew. Bedford, is a corporate body established by Ihe Church of England. The PCC operates under the Parochial Church Council Powers Measure. The PCC is a registered charity- The method of apwintmenl of PCC members is set out in the Church Representation Rules. In this parish. the membership of the PCC consists of the incumbent lour vicar), churchwardens, 4 members of Deanery Synod, 15 members elected by those members of the congregation who are on the electoral roll of the Parish. Administrative infomiation The Parish Church of Sl Andrew is situated on Kimbolton Road, Bedford, MK40 2PF. The Parish 15 part of the Diocese of St Albans wthin the Church of England. ThÈ correspondence address is The Parish Cenlre, KiTnbolton Road, Bedford. MK40 2PF. Registeied charity number 1130171. PCC mernbers who have served al any time from 1 January 2021 until the dale this Feport was approved are.. Incumbent Revd Lucy Daws- Chair (from July 20211 Churchwardens.. lan Smith Diana Whitternore Reader Diana Stretton Representatives on Deanery Synod (Members of the PCC who sit on the Bedford Deanery Synod proV￿e an important link between the parish and the wthr structures of the church. These comprise the Vicar. four elected parish representatNes and one member of General Synod (who is an ex-off￿0 member of Deanery SyncKI and PCC)) Shetla Bissell (General Synod) Garelh Buffows Ann Mason Elisabeth Thome Carol Wood Other Elected Members Sally Coleman Viki Evans Hugh Johnstone Valerie Ltttleford Susan Smith Christine Garrett Angela Huddart Jenny Tomlinson Nneka Williams Kelly Agler G¢)od Tim Retout Alistair Sutcliffe drew Thomas Jo Newton Zoe Browne John Thynne (from April 20211 (from April 20211 (from April 2021 } (from April 20211 (from April 2021) (until April 20211 {until April 20211 (until April 20211 Co-opted Member Lionel Mayoh Report approved by the PCC on 15 February 2022 and signed on their behalf by Irl,I Uyil Incumbent Church Warden Independent Examinerfs Report to the Parochial Church Council of St Andrew. Bedford I report on the accounts of the Parochial Church Council of St Andrew, Bedford for the year ended 31 De￿mber 2021. which are set out on pages 10 to 21. Respective Responsibilities of Trustees and Examiners As the charity's trustees you are responsible for the preparation of the accounts in accordance wtth the requirements of the Charities Act 2011 ('the Act,). I report in respect of my examination of the PCC'S accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act Independent Examiner's Statement The Charity's gross income ex￿eded £250,000 and l am qualified to undertake the examination by being a qualified member of the Institute of Chartered Accountants in England and Wales. I have completed my examination. I confirm that no matertal matters have come to my attention in connection with the examination gtving me cause to believe that in any material respect: 1. accounting records were not kept in respect of the Chanty as required by section 130 of the Act.. or 2. the accounts do not accord with those records., or 3. the accounts do not comply with the applicable requirements conceming 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 ake BEM FCA Chartered Accountant 32 Connaught Way BEDFORD MK417LB 2022 PAROCHIAL CHURCH COUNCIL OF ST ANDRFII. BEDFORD STATEMENT OF ￿NANCIAL ACTlVtnES Forthe yearended 31 December 2021 20 2020 TOTAL FUNDS Funds Funds FUNDS Funds Funds InGome and Endovfflients from: Donations and ￿aaeS charitab￿ 8ctrrfi￿S other tradir¥J athties Invesltnents Totsl 136.888 3.017 32.407 17.749 q90.061 172.084 2.759 29,439 308.9T2 5.7T6 61.846 17.749 2N282 391343 144.160 1.817 25.873 17.590 189,440 136.W23 4.308 22.117 280,183 6.125 47,9 17.592 351.890 2(b) 21c) 2{d) 162,450 Expendtture on: Ra￿Ing hjnds charitab￿ adNi 3(a) 3(b) 6.681 202.283 8,011 339.978 347.989 7.188 203.889 211,077 595 154.015 1S4,610 7,783 357,904 365.687 137.695 139,025 Totsl Ntrt Expenditurel Incon 1119031 61257 46.354 121,637) 1117971 Not gains on inv•stsnenls IUnrealis8dl 9(b? 78,774 78,774 27.238 27,238 Nèt movemènt in fund$ 59.871 6&257 125.128 5,601 13A41 Re¢ontilia*ion of fund$: Total furKls br0￿m forward 1.396205 34.290 1A30A 1.384.804 32,250 1A17,054 Transfer offund 17 75,801 1748011 15.8001 Total funts carrfed fonydrd 1.$31.87T 23.746 1.555.623 1,3Y6.2O5 4290 1A30,495 The accompanwng Mtes are an ￿tegra1 p8rt oftWfrwKi4 statertvts. PAROCHIAL CHURCH COUNCIL OF ST ANDREW. BEDFORD BALANCE SHEET As at 31 December 2021 Note 2021 2020 FIXED ASSETS Tangible fixed assets Investment assets TOTAL FIXED ASSETS 9(a) 9(b) 810,107 654,338 1,464,445 764.259 553,052 1.317.311 CURRENT ASSErs Sundry Stocks Fairtrade at St Andrev/s- stixk Debtors Cash at bank and in hand TOTAL CURRENT ASSETS 2,211 9,700 11.404 131,769 155.084 io 11 13,482 112,528 135,610 LIABILITIES: AMOUNTS FALUNG DUE wrrHIN 1 YEAR Accruals & deferred incorTre TOTAL CURRENT UABILITIES 12 44.432 44,432 41,900 41,900 NET CURRENT ASSETS 91.178 113,184 NET ASSETS 1,555,623 1,430,495 FUNDS Unfestricted Restricted TOTAL FUNDS 13 14 1.531.8ri 23.746 1.555.623 1,3%.205 34,290 1,430,495 Approved by the Parochial Church Counal and signed on its behaK by Chairnian Date 1S/J/iO The accompanwng notes are ars integral part of these finar￿1 statements. PAROCHIAL CHURCH COUNCIL OF ST ANDREW. BEDFORD CASHFLOW STATEMENT For the year ended 31 December 2021 2021 2020 Reconciliation of net incoming I louigoingl resour¢¢s to net cash inflow from operdting acti¥ibes Net incoming resouifjes Loss I Igainl on investments Depreoab"on of assets DeC￿Se in stock {Increase) l Decrease in debtots In(xease l (Decrease) in creditors Net cash inflow from opÈrnting activities 125.128 178.7741 22,997 2,311 12,078} 2,532 72,116 13,441 (27,238) 20,290 78 8,119 15.829 8,861 Investing a¢tivttse5 Purthase offixed asst investments Purchase of tangible fixe(l assets Net Invèsting activities 120,0001 168,84S 188.8451 5,8 15,8001 hyanagement of liquid resources Dividends ￿￿￿ed and reinvested 12.5121 12,35n {Decrease} I Increase in eash {19.2411 704 NÈt Funds at l January 2021 131.769 131,C65 Net Funds at 31 December 2021 112,528 131,769 The accompany7ng Th)tes are an tntegral part of these finanaal statements. Accounting policies The financial statements have been prepared in accordanrÈ with Part 8 ofthe Charities Act 2011, the Church IA¢counts & Reports) ReguL2tions 2008, together with applicable accounting standards and the Stalement of Recommended Practice on Accounting and Reporting by Charities SORP {FRS102). The financial statements have t￿en prepared under the historical cost convention except for the valuation of investment assets, whith are shown at market value. Funds General funds represent the funijs of the PCC that are not subject lo any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestn"cted. The accounts include all transactions, assets and liabilities for which Ihe PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members. Incoming Resources Voluntary income and capital sources Collectsons are recognvzed when received by or on behalf of the PCC. Planned gwing re￿Nable under Gift Aid is recognized only when retEwed. Income tax recoverable on Grft AKJ donattons is recognized when the income is recognized. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal enb"Uemen( the amount due i% quantsfiable and its ulbmate r￿lpt by the PCC is reasonabty ￿rtaIn. All fundraising, and sales ot bjoks and magazines are accounted for gross. Other income Rental income from the letting of church premises is recognized when the rental is due. Income fmm investments Dividends are accounted for when due. Interest entive￿EntS are accounted for as they accrue. Tax recoverable on such income is recognrzed in the same accounting year. Gains and losses on investments Realized gains or losses are recognvzed when investrnents are sold. Unrealiied gains or losses are accounted for on revaluatson of investments at 31 December. Resources used Grants Grants and donations are accounted for when paid over. or when awarded, rf that award creates a binding obljgation on the PCC. Activities directly relating to the WO￿ of the Church The diocesan parish share is accounted for when paid. Any parish share unpaid at 31 December is provided for in these accounts as an operab'onal (though not a legall liability and is shown as a creditor in the Balan￿ Sh￿l io Activities directly relating to the worfr of the Church The di0￿San parish share is al￿OUnted for when paKI. Any parish share unpaid at 31 D￿rnher is provided for in these accounts as an operational {though not a legal} liabilty and is shown as a creditor in the Balance Sheet Fixed assets Except as stated below. fixed assets are stated at Ix)st ￿s5 depreryation and impaimEnt. The tangible fixed assets are reviewed frjr impairment whenever events or changes in circumstan￿$ Indi￿le that the carrying value of an asset may not be recoverable. The carying values of fixed assets are considered impaired when the ants"cipated undiscounted cash flows trom such assets are less than their carying values. In that event, a loss is recognised based on the a￿K)Unt by which the carrying value exceeds the fair value. consecrated land and buildings and movable church furnishings Consecrated and beneficed propefty of any kind is exduded from the accounts by the Charities Act 2011. Movable church fumishings held by the Vrar and Churchwardens on special Irust for the PCC. and which require a facuty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church's inventory, which can be inspected {at any reasonable limel. For inalienable propety acquired before 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts. Ilems acquired since 1 January 2000 have been capitaltzed and depreciated in the accounts over their currentty anticipated usefijl economic lrfe on a stra￿ht-IIne basis. With regard to the organ purchased in 2016 this will be depreciated over 53 years. The depreciatior¢ will commence during 2018 and from 2019 the balaTr￿ of the capital cost will be spread over 52 years, thereby resulbng in a depreciation charge of £10,000 in each of those years. All expendrture incurred in the year on consecrated or beneficed buildings. individual items under £500 or the repair of movable church fvmishings acquired before 1 January 2000 15 written off. Depreciation is to be charged on the Church Centre on a straight-line basis over tts expected useful economic life of 50 years. Other fixtures, fithngs and office equipment Fixtures & ffttings and Offi{￿ equipment used within the church premises are depreciated on straight-line basis over their expected usefvl economic lives. Indrvidual items of equipment with a purchase pri￿ of £500 or less are written off when the asset is acquired. Repaits and maintenance expenditure is written off as incurred. Investments Investments are held at market value. being the bId-pri￿ at the balance sheet date. Current assets Amounts owing to the PCC at 31 D&emLEr in respect offees. rents or other income are shown as debtors less provision for a￿K)Unts that may prove uncollectable. Short-term deposits include cash held on deposit etther with the CBF Church of England Funds or at the bank PAROCHIAL CHURCH COUNCIL OF ST ANDRFthY. BEDFORD NOTES TO THE FINANCIAL STATEMENTS Icontinu8dl For the year ended 31 December2021 2021 2020 Unrestri¢W R*icted TOTAL unrestric￿ Restricted TOTAL Funts Funts FUNDS Fund$ Funds FUNDS 2 lftGome and Endowments 4a) Income from donatlons and Planned giving Inrx)mè lax rec¢)ve Lo05e Plate Christmas collections Sundry donations Hall TTUSt Gr3nl- Sabrie5 and ExtEr Hall Trust Grant- Projects Job Retention Stheme Grant IHMGI Hall Trust Grant- MoneyAthiit* ServK* Mon&yAdvite SÈnfKÈ Iother fundiffjl f¢r Child￿n.$ Sotsety (Christing￿l ChildTen'5 Sooety Ioutreachl Christkqn Aid Ichrislrnas colkthonl Christkqn Aid (Outreach) Emmaus Food for Futures Friends for Lrfe L Gladys Ibbett House Impact Mercy Ships Motor Neurofte Disease Opèn Doofs Refuge Sat-7 UK L SMART Ichrisbmas rxJliectKJnl L SMART (Outreach) SprirrfJ Therapeutic Se￿￿es L Sl John's Moggerhanger Schoo The Refugee Counc41 IAfghanistanl (chr￿tr￿) The Refugee Countil IAfghani8tanl (Outreathl Umeed (Part 2020 Budget part 2021 b{￿get) Water World Vision UK Zitnb8bwe Victim Support Fulld 2021 Grants yet to be finalksed Totsl Charitsble giving 610 fj10 179 71 160 160 71 700 700 300 1.000 1.000 1,000 1,OQKI 1,000 1.IXIQ 1.000 1,000 1,000 700 300 700 2.000 250 2.000 890 610 250 610 S60 250 1.000 1.000 1,000 2,(￿9 13.300 2.069 15.259 13WO 1,560 15,060 Noto: L= Local, N= National, l= Intprnabo￿I STAFF COSTS 2021 2020 Satanes and Expenses Employers National Insuran￿ Contributions Employerfs PensK)n Contributio 97,680 92.878 1.625 1,730 99,410 3,905 103.315 96.349 2.893 Total Staff Costs A grant from the Hall Trust enab￿￿ the PCC to etnp￿Y the Centre Manager. ts¥o AdministratNe Assistants, Director of Music. Parish NuTse. Chiklren's Worker. Caretaker and clearÉr. t￿ether with funding the fees of the Verger. Lo(JJ¥n organis￿ and Chortsters_ A grantfrorn the Harpur Trustf)Jnded extra by theAdmtnthbve Assisl3ntforthe MoneyPAvl￿ Servi￿. 14 PAROCHIAL CHURCH COUNCIL OF ST ANDREW. BEDFORD NOTES TO THE FINANCIAL STATEMEKfs Icontinuedl For the year endetl 31 December 2021 2021 2020 Unrestri¢i¢d Restricted TOTAL Vnwi¢ted Restricted Funds Funds FUNDS Funds Funds FUND RAISING TOTAL FUNDS I INCOME Cards Coffee and Tea Film Nohts Foyei coffee Harvest Homelessness SuTrJay Lent Ltsnches Pan¢ake Supper Red Cross- Afghani8tan St Albans Har￿t Appeal Sue Ryder- Centenary WaterAid- Cèntenary 57 375 45 128 270 57 375 55 470 55 470 270 440 155 440 155 24 24 320 260 250 250 320 875 1.120 1.715 61bl EXPENDITURE Catering etc Coffee and Tea Foyer coffeè HaNest Homekssness Sunday Lent lunches Red Cross- AfghaniS￿D StAlbans HaFvesl Appeal Sue Ryder- CÈntÈnary WaterAtd- Centenary 118 221 118 221 1.607 1.607 62 250 440 155 440 155 250 2W 29J 2.249 1.687 593 2.282 RELATED PARTY TrANSACnONS There related party tra[￿CtiO[￿ dumJ the a[￿ ￿ 2020 as deiaikd tekx. 20 2020 Payment made Name Basis of Payment Pensio Basis of payment Pension Contrl 3.514 Fees 2.483 Verger. payment on invow TeceNed 15 a Member of SIAndreWs Church PCC Kelly Agler Good Centre Manager. EmployThent contrad Is a Member of St Andre￿S Chur(* PCC Salary 26.016 1.171 Sakry 24.950 ElÉsabeth Sutcliffe chI￿ren'S Worter. Employw*rtt (*ntra Èr husband ts a Mewnber ofStAndTe4rfs Churth PCC Salary 10.66f Satary tO.702 462 15 PAROCHIAL CHURCH COUNCIL OF ST ANDREW. BEDFORD NOTES TO THE FINANCIAL STATEMENTS l¢ontinuedl For the year ended 31 December 2021 CHURCH CENTRE 2021 2020 81al Church Centre Lettings Ilneomtl Rate 1.. Commeiual users Rate 2." Communty users Rate 3.. Church Membews & Charitie5 Rate 4.. Guides. Bi¢)wnies & Rainbows Other Total Church Centre Lettings 6,894 6.843 3.576 356 959 18,628 10,699 4,766 4S1 772 21.628 81bl Church Centre Expenditure Maintenan 8.515 1,400 4.264 370 14.549 10,689 1,250 4,278 Other Total Church Centrè Expènditure 16,763 FIXED ASSETS Curate's Church Office Fixture5 & Centre Equiwient Fittings 91al TANGIBLE FIXED ASSErs Total COST At 1 January 2021 AddTtions At 31 Dècember 2021 76.311 30.551 689.382 1,049,813 68,845 1,118,658 76.311 253.%9 30.SS1 758,227 DEPRECIATION Al 1 January 2021 Charge for the year At 31 December 2021 {9S,178} 14,679) 1100,85TI 125.2691 11,553} 126,8221 1164,107) 116,765} 1180.872) 1285.5541 {22,9971 1308,551) NET BOOK VALUE Al 1 January 2021 At 31 December 2021 76,311 76,311 157.391 152.712 5.282 3.729 525.275 577.355 764.259 810,107 91bl FIXED ASSET IW4ESTMEltrs pcc pcc Investrnent Property pcc Total KP Trnst. Total Totsl A¥set VALUE Market Value at 1 January 2021 Purchase of invÈstments Dividends reinvested Annual Revaluation Market Value at 31 December 2021 153.539 20,0(K) 2.512 23,038 199.089 18.800 172.339 20.000 2,512 25.719 220,570 380,713 553,052 20,000 2,512 78,774 654,338 2,681 21,481 53,055 433,768 SHARE HOLDING At 1 January 2021 Purchase of investrnents Dividends reinvested At 31 December 2021 7.509.22 889.31 114.36 8.S1189 14.755.48 21264.70 889.31 114.36 23,268.37 60,719.44 82,984.14 ¢89.31 114.36 83.987.81 14,755.48 60,719.44 See pagè 17 foran analysis ofthe Fixe(l Asset Investments ofthe KP TTU5t 16 PAROCHIAL CHURCH COUNCIL OF ST ANDREW. BEDFORD NOTES TO THE FINANCIAL STATEMENTS l¢ontinuedl For the year ended 31 December 2021 FIXED ASSETS (Continued) 9{cl FIXED ASSET INVESTMEIUS of KP Trust- Analysis CBF Fixed Interest Total Fixed Sècurities Asset Fund Investments CBF Investment Fund CBF Property Fund VALUE Market Value at 1 January 2021 Annual Revaluation ma￿tt Value at 31 December 2021 321,467 46,224 367.691 51,478 7.342 58.820 7,768 {5111 7.257 380.713 53,055 433,768 SHARE HOLDING At l January 2021 At 31 December 2021 1S.72123 40,404.04 15.722.23 40,404.04 4,593.17 4,593.17 80.719.44 60.719.44 10 DEBTORS 2021 2020 DEBTORS Gfft Aid recoverable Centre Bookings Other Debtors ACCRUED INCOME Funeral fee Fairtrade at St Andreyls TOTAL DEBTORS 8,093 4,782 2,396 357 78 11.404 13,482 11 CASH AT BANK AND IN HAND 2021 2020 pcc Cash CAF Bank current account CBF deposit account NatWest- Fairtrade 81 St Andrev/s Fairtrade at Sl Andiev/s- floats KP Trust CBF income account TOTAL CASH AT BANK AND IN HAND 969 3.008 98,872 5,631 230 11,829 103,764 10,708 230 3.818 112.528 4,690 131,769 Notes CAF stsnds for Charitses Aid Foundath"t)n CBF slands for Central Board of Financ£ 17 Forthe y&¥eThded 31 Dttember2021 12 Lip4irrEs". *JllYJNTS F*LUNG OLIE WTr•N ¢￿YE￿R 2Q21 DEFERRED INCc￿E J,Y16 12,104 6,333 BedFortt Borot4h Council HallTrttst 1824 139 Rental knne R¥eiKrts in •h 600 ACCRUKS Centre CharTtsble gMThJ Churth COf￿aNd company C￿Cets ai Educgb Fairtrade alst￿￿5 HMRC Mini$ity 714 750 10.260 360 245 140 32S 521 732 18Z 1(X) 2.621 2.272 379 914 267 Other lanes and Fees st￿ 375 SQ7 3,39J 44.432 Utilitie5 TOTPL ACCRUPLS & DEFERRED INCCAIE 2.285 41.90D t3 UNRESTrICTEO FUNDS KPTn 8alanceat l Janvary 2021 In¢￿Se i14e¢re1*l In fut¥Js in Bala￿Ceal 31 December2021 77r.1Crf) 88.168 T6A11 157,391 4,679 151712 3BS,403 1.398.2fy3 52.183 13S,672 437586 1￿1.877 76Jii Falrtrade Fund ITIAV Fund Youth Fund Fun Total BaLwn¢e at 1 January 2021 Re￿i￿ts Pawwts TrnnsferoffWdSto pcc B•ian¢Èat 31 Dtcember2DX TJ,811 28.109 (24.6531 111.WK)} 713 (24,6531 14,713 2x746 3.713 1M7 The Falrtrnde Fund: ReL31es to tsfthJs¢J￿I ￿ j￿Y2013 d￿j I￿t ry¢fitkn 31S1 2021 sstrrterofe11KlO Furts in 2021. The ThIAVF nd. Rei*estofijTrtstrtsieks*w￿0f the and nvwAVsueeris IS m￿Y&s0F MEr￿Er$ 8eTV•£EN FUNDS Totsi pcc FuThl Balances at31 DeC￿*r2￿21 are representea by". Tangible fix* assets In¥estrnentassets Currentassets Currentliabiitse8 657,395 152.712 BtO.107 1(e,046 3.818 23.74fj 135.610 144.4 1,555,623 941m 437.5e6 151712 23,746 17 AVS¢feert% CMuL* ILqhbDg.<*￿ s Main Hall n&v LED 47.713 17.088 Trust rriAV 4ZiWYJ 3,713 I TtU51 17.088 11.( 75.801 18