2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Nottingham Saint Peter And All Saints

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		Unrestricted	Restricted	Endowment	Total	funds
	Note	Funds	Funds	Funds	2021	2020
		8	8	8		8
Income and endowments	from:
Donations and legacies	2(a)	102,137	12,810		114,947	321,802
Income from charitable
activities	2(b)	5,275			5,275	2,251
Other trading activities Investments	2(c) 2(d)	63,289 12,856	1,925		63,289 14,781	49,445 16,392
Other income	2(e)	70,816	6,103		76,919	151,055
Total income and endowments		254,373	20,838		275,211	540,945
Expenditure on: Costs of raising funds	3(a)	54,024			54,024	48,699
Expenditure on charitable
activities	3(b)	205,074	68,187		273,261	495,491
Total expenditure		259,098	68,187		327,285	544,190
Net income/(expenditure) before gains on investment assets		(4,725)	(47,349)		(52,074)	(3,245)
Gains on investment assets			7,924	19,879	27,803	12,271
Net income/(expenditure)		(4,725)	(39,425)	19,879	(24,271)	9,026
Net movement in funds
Balances brought forward 1 January 2021	at	315,486	135,156	139,004	589,646	580,620
Balances carried forward	at
31December 2021		310,761	95,731	158,883	565,375	589,646

					Note	2021 f	2020
Fixed Assets
Tangible fixed assets Investment assets					5a 5b	10 222,193	534 194,390
Investment properties					6	475,000	475,000
						697,203	669,924
Current assets
Debtors						31,018	29,637
Investments	-short term deposits					55,414	55,385
Cash at bank	and		in	hand		99,747	146,260
						186,179	231,282
Liabilities: amounts		falling due:
within one year					10	(18,007)	(11,560)
Net current assets						168,172	219,722
Total assets less	current			liabilities		865,375	889,646
Creditors amounts	falling due after one year				12	300,000	300,000
Total Net Assets						565,375	589,646
Parish funds
Unrestricted						310,761	315,486
Restricted						95,731	135,156
Permanent endowment						158,883	139,004
						565,375	589,646
Approved by the PCC		on		30 March 2022 and signed	on its behalf by:
					ff rf
Revd C D Harrison					P R Moore
Chairman					Treasurer

Income and endowments	from:	from:
			Unrestricted	Restricted		Total	Unrestricted	Restricted	Total
			Funds	Funds		2021	Funds	Funds	2020
			6			6
(a) Donations and legacies
Planned giving - Gift Aid donations			62,278	5,795		68,073	72,744	3,147	75,891
—Income tax recoverable			13,705	1,438		15,143	18,427	787	19,214
-Other planned giving Collections (open plate) at Donations, appeals etc Legacies		all services	1,286 2,219 15,649 7,000	173 404 5,000		1,286 2,392 16,053 12,000	1,720 2,175 2,836 1,000	218,966	1,720 2,175 221,802 1,000
			102,137	12,810		114,947	98,902	222,900	321,802
(b) income from charitable Church lettings Fees	activities		3,790 1,485			3,790 1,485	1,930 321		1,930 321
			5,275			5,275	2,251		2,251
(c) Other trading activities Coffee room			61,789			61,789	49,022		49,022
Centre Lettings			1,500			1,500	423		423
			63,289			63,289	49,445		49,445
(d) Investments Bank interest			29			29	234	8	242
Income on investments			3,759	1,925		5,684	5,209	2,462	7,671
Rent received			9,068			9,068	8,479		8,479
			12,856	1,925		14,781	13,922	2,470	16,392
(e) Other income VAT recovered			1,075	1,173		2,248	4,314	47,503	51,817
St Peter's Trust Funds			64,166	4,930		69,096	73,640	10,615	84,255
Job retention scheme	grant		5,575			5,575	14,983		14,983
			70,816	6,103		76,919	92,937	58,118	151,055
Total income and endowments			254,373	20,838	275,211		257,457	283,488	540,945

Expenditure on:
					Unrestricted		Restricted	Total	Unrestricted	Restricted	Total
						Funds	Funds	2021	Funds	Funds	2020
						6	6	6	6
(a) Costs ofgenerating funds Coffee room expenditure						52,665		52,665	48,699		48,699
Promise Programme						1,359		1,359
						54,024		54,024	48,699		48,699
(b) Expenditure on charitable				activities
Missionary and charitable				giving
(note 17)
Church overseas
—Missionary Societies						2,000		2,000	2,000	500	2,500
- Relief and development				agencies		1,000	1,575	2,575	1,000	950	1,950
Home missions and	other			Church Societies		600		600	600		600
Secular charities						7,400	173	7,573	6,400		6,400
						11,000	1,748	12,748	10,000	1,450	11,450
Parish share						52,000		52,000	40,000		40,000
Ministerial support costs, office expenses Ministerial expenses				secretarial/		11,394 1,442	7,180 350	18,574 1,792	11,272 2,150	8,614	19,886 2,150
Churches
insurance						11,654		11,654	11,641	670	12,311
heat, light, water major repairs	and		telephone			10,336 1,092	57.161	10,336 58,253	7,833	282,683	7,833 282,683
routine maintenance			cleaning and
repairs sanctuary						6,527 1,670		6,527 1,670	11,235 1,410		11,235 1,410
St Peter's Centre
insurance						750		750	750		750
heat, light, water	and		telephone			4,978		4,978	5,140		5,140
routine maintenance			cleaning and
repairs						5,756		5,756	4,829		4,829
depreciation of equipment Other PCC property upkeep costs Choir and organ expenses						524 11,275 1,958	977	524 11,275 2,935	524 5,279 (1,050)	1,530	524 5,279 480
Salaries
Directors of music		and		organists		12,055		12,055	11,929		11,929
Vergers						30,811		30,811	33,428		33,428
Administrators and		secretaries'			salary
(part) Church organisations		—Activities				6,833	771	6,833 771	18,052 40	2,242	18,052 2,282
Printing and stationery						282		282	282		282
Office expenses						4,857		4,857	5,564		5,570
Audit fees						2,880		2,880	2,988		2,988
Loan interest						15,000		15,000	15,000		15,000
						205,074	68,187	273,261	198,296	297,195	495,491
Total Expenditure						259,098	68,187	327,285	246,995	297,195	544,190

				StPeter's
				Centre
				Furnishings
				and	Office
				equipment	equipment	Total
				6	6	6
(a)Tangible fixed assets
CosVvafuati on
At 1 January 2021				47,273	10,582	57,855
Additions
At 31 December 2021				47,273	10,582	57,855
Depreciation
At 1 January 2021 Charge for the year				46,744 524	10,577	57,321 524
At 31 December 2021				47,268	10,577	57,845
Net book value
At 31 December 2021						10
At 31 December 2020				529		534
(b) Investments				Historic	Fair value
				Cost	2021	2020
					6	6
Endowment Fund
StPeter —Vincent Trivett Scholarship		Fund
1,283 Units Central Board of Finance Fund		Investment		1,246	30,045	26,285
StPeter —Vincent Trivett Organ Fund
1,308 Units Central Board of Finance Fund		Investment		1,005	30,630	26,797
StJames Church House Account
236.35 Units Charities	Official Investment		Fund	292	4,913	4,304
StPeter —Fabric and	maintenance
3,984 Units Central Board of Finance Fund		Investment		4,502	93,297	81,620
				7,045	158,885	139,006

(b)	Investments (continued)		Historic	Fair value
			Cost f	2021 f	2020 f
	Restricted Fund
	St Peter Cobbin & Henson	Bell Fund
	521 Units Central Board of	Finance Investment
	Fund		483	12,200	10,673
	StPeter Fabric & Maintenance
	2,182.44 Units Central Board of Finance Investment Fund		1,829	51,108	44,711
			2,312	63,308	55,384
			9,357	222,193	194,390
				2021f	2020f
	At valuation 1 January 2021			194,390	244,119
	Realisation				(62,271)
	Revaluation			27,803	12,542
	Fair value at 31 December	2021		222,193	194,390
	Cost at 31 December 2021			9,357	9,357
Investment Properties				2021 f	2020f
	Fair value
	At 1 January 2021			475,000	475,000
	Revaluation
	At 31 December 2021			475,000	475,000

Notes	forming part ofthe financial statements for the yea	forming part ofthe financial statements for the yea	r ended 31Dec	ember 2021 (	Continued)
	Analysis ofnet assets by fund -2021
			Unrestricted	Restricted	Endowment
			Funds	Funds	Funds	Total
			f		6	6
	Fixed assets		475,010	63,308	158,885	697,203
	Current assets		148,154	38,025		186,179
	Current liabilities		(12,403)	(5,602)	(2)	(18,007)
	Long term liabilities		(300,000)			(300,000)
	Fund balance		310,761	95,731	158,883	565,375
	Analysis ofnet assets by fund - 2020
			Unrestricted	Restricted	Endowment
			Funds	Funds	Funds	Total
					6	6
	Fixed assets		475,534	55,384	139,006	669,924
	Current assets		146,019	85,263		231,282
	Current liabilities		(6,067)	(5,491)	(2)	(11,560)
	Long term liabilities		(300,000)			(300,000)
	Fund balance		315,486	135,156	139,004	589,646
8	Debtors
					2021	2020
					6	6
	Income tax recoverable				16,438	18,631
	Other debtors				14,580	11,006
					31,018	29,637
9	Investments - short	term deposits
	Cash held for investment				55,414	55,385
10	Liabilities: amounts	falling due within one year
	Creditors for goods and services				13,631	9,434
	Other creditors				4,376	2,126
					18,007	11,560

17	Missionary and charitable	Missionary and charitable		Unrestricted funds	Restricted funds	Total 2021	Total 2020
Church	overseas			6	6	6	Z
	Missionary Sooeties
	CMS			1,000		1,000	1,000
	CMS Partner						500
	USPG			1,000		1,000	1,000
				2,000		2,000	2,500
	Relief end development	agencies
	Christian Aid			1,000		1,000	1,000
	Mercy Ships				425	425
	UNHCR				250	250	750
	Refugee Council				100	100
	Medecins sans Frontieres				50	50
	CARF				100	100	100
	Five Talents				650	650	100
				1,000	1,575	2,575	1,950
	Home Missions
	Notts Clergy Widows and Dependents			600		600	600
				600		600	600
	Secular Charities
	Family Society Adoption				173	173
	Emmanuel House			3,300		3,300	3,300
	Framework Housing			1,500		1,500	1,500
	Nottinghamshire	Historic Churches	Trust	100		100	100
	Arimathea Trust			1,500		1,500	1,500
	Citizens UK			500		500
	The Malt Cross Trust			500		500
				7,400	173	7,573	6,400
				11,000	1,748	12,748	11,450

As explained mofft fully in the Irustee5' reswnsibillties statèment set out on pagB 5, the trustees are rt$pOlble for th8 preparation of the financ4 statements and for being s8ts5f¢ed that thèy gsve a true and fair vlw. and lor such internal control as thg tru¥tee5 determine is nec&%sary to enable the prwaration of finGI81 statemènts that are free from matorial misstatemenL whether due to frdud or error. In preparing the finarrial st8taments, the Irustees arè responsible for assosslng the charlty's ability to continue as a yoiNJ concem, disdosing. as spplicable, matters related to golng CLJncem and using ihe gDing concem basis of acct)unting unless trusteas aither intend to liquidate the charity OT to e8as& operations. or have no realistic ahemaliye but to do so. AuditoV# r•spon$lbllltles forth• audrt of the financlol ¥tstBm•nts We have bèèn aPpted as 8uditor under section 145 01 th¥ Charlties Aci 2011 and r8PDrt in arLordae Imth reguletlons nder$¢cti¢)n 154 of that Act. Our oblecoves are to obtain tffdsonabfe assurart¢e about whether the financial statarnents as a whB are free frorn mxtatsl misstaternent, vthether du$ to fraud or error, and to issue an auditor's reptsrt that includes our oplnion. Reasonable as5urJnce a high level of assurancè, but is not a guarantee that an audit rj)nduc1 in accordan wlh ISAS IUKI wll always detect 8 material mSsslaÉernent when it exisls. Misstat8m8nts can arise frorn fr8u(J or error and a considèréd material if, Individually or in the aggregate, they could reasonably be wected to influence th8 e(x)Th)mle l$lOn5 of takw on the basis of these financial statements. Irregularities, including tra, are instances of nOn4MplIn wlh laws and re9u18tK)n5. We design procedurès In line with our ponsibilitiès, outllned abovg. to detect material misst8t8m&nts in respect of irrUlnti¢S. Indudin9 fraud. The sp8ufic procedurès for this engagement and the exient io whith these ate capabk of d8tectiwJ irragularities, induding frau(l is detail below.. Exercis8 profasskjnal judgmgnt and mrAntaln profes8ion#l wptidsm throughout th8 planning and perfomianc6 of the audit.. Identify and assess the risks of material mlsststement of ih& financ1 statements, vth8thar due to Lv error, 4YeslgTh nd perfom) audit procedufys responsive to thos¢ ri5k5, and obtah) avdil evid&nco that sulFirient and appropriate to provide a basis lor wr OPinK>n- Obiain an underst8niJing of the intemJ wntrol relevant to the au(bt in ordar to design audit pro¢u that arè appropriate in th8 circumstances, bui not lor thè purposè of expre58in9 an otynion on th8 effectiveness of the tharty's intemal CA)ntrol., Evaluate thè appropriateness of Un11r pdictes usol and the wsonaNen8ss of ac¥xunliTrg estimates and rèlated diselosures made by managment,' Make 8nquiries of man8gement and those tharg8d with govemance of 8ny Insta of non-Q)mpliw th laws aTr regulats.ons and of any aciual and potsnlial Ibtigatlon and claims., Review finanrial ststsThent disclosures to SUPPtsrtlng docurnentstyon to assess wmpliance wth appl3¥ laws and regulatsons Beca8 of the inherent limitsti(ms of an audit. there is a that we wll not d8t8ct #ll irregularities. including those leading to 8 n781grtal misstatement In th8 financial ststements or Non-ts)mpliance wlh regulation. This risk in(xe8ses the more that (xjrnplianee with a law or reyulation 15 rnve from the èvents and transactions refieded In Ihe finanual slaternents, as we will b816ss likely to become avrdre ol InStanS of non-wmplianco. The risk 15 also greater regarding irregularities o(xurrin9 due to fraud rather than error, as fraud Involves intenlional wnoalment, fory8ry, eollusfjon, omis6ion or Mis9rSentation. A further dawiptlon of our responsiblilles is 8vailableon the Financial Reporting Council's b$It8 at." https.'lkn.frc.org.ukJOur-WorklAudiVAudit-and-8ssuranc•/Standards-anduidan<%lStandards-andfuid•nc¢-for- auditorslAuditors-resp0nsibilit$-1Or-audIUDescriPtyn-of-aUd5Lors-SibIliti%-for-aUdlt.&spx. This desGriptbn forms part ol our a1101$ reporL Use of our r•port This report is made $e40ty lo the charty'3 trust$. as a txjdy. in acctsrdar wlth Part 4 of th8 Charitias IAccLJunts and Reports) Regulations 2008. Our audYL work has b8•n undertaken so that might stste to thè ch8rFty's trustees lh(e malters we are required lo state to Ihem in an auditorfs report and for no other Pltrpose. To the fullest extent pem)ilted by law. we do not accepl or assume responsibility to anyo Dther th8n the chanty ancl the charity's tru8tsEs ss a bo¢, lor our audit work. for thi$ r8wr( or for tha (Iplnlons we have forrned. Lemans charter Ae4Untants ststutory Audttor Nottingham NG14JA Lemans is eltrJibl8 to act as an auditor in tèrms of secbon 1212 of the Companles Act 2(X)6. PwJe 21