PAROCHIAL CHURCH COUNCIL OF NORTHAW AND CUFFLEY
Annual Report and Financial Statements for the year ended 31 December 2021
1
CONTENTS
| Page | |
|---|---|
| Annual Report of the Trustees | 3 – 7 |
| Independent Examiner’s Report | 8 |
| Statement of Financial Activities | 9 |
| Balance Sheet | 10 |
| Notes | 11 – 15 |
2
Annual Report and Financial Statements PAROCHIAL CHURCH COUNCIL OF NORTHAW AND CUFFLEY for the year ended 31 December 2021
Administrative Information
The Parish of Northaw and Cuffley is part of the Diocese of St Albans within the Church of England. The correspondence address is The Church Office, St Andrew's Church, Plough Hill, Cuffley EN6 4DR.
The Church of England has two churches in the parish: the parish church of St Thomas a Becket, Vineyards Road, Northaw, Hertfordshire EN6 4NW and the church of St Andrew, Plough Hill, Cuffley, Hertfordshire EN6 4DR.
The Parochial Church Council (PCC) is a corporate body established by the Church of England and operates under the Parochial Church Councils (Powers) Measure 1956 and the Church Representation Rules.
The PCC is registered as a charity with the Charity Commission, Registered Number 1130327, under the name of ‘The Parochial Church Council of the Ecclesiastical Parish of Northaw and Cuffley.’ Its registered objects are ‘Promoting in the ecclesiastical parish the whole mission of the Church’.
PCC members who have served at any time since 1 January 2021 until the date of approval of this report are:
Ex-Officio Members
Incumbent: The Reverend Chris Kilgour, Vicar (Chair) Churchwardens: Doreen Sheekey Representatives on the Deanery Synod: Anne Stokes
Elected Members:
Jane Beyer David Hall (from 4[th] October 2021) Gill Hall Ray Jamieson (to 25[th] April 2021) Kay Keys Ann Robinson (from 25[th] April 2021) Chris Shingles Kathy Shingles Angela Semakula Gill Stevenson Brenda West (to 25[th] April 2021) PCC Officers Treasurer: Position vacant PCC Secretary: Chris Shingles
3
Structure, governance and management
The method of appointment of PCC members is set out in the Church Representation Rules. The membership of the PCC consists of the Vicar, churchwardens, Deanery Synod representatives and members elected by members of the congregation who are on the electoral roll. All those who regularly attend our services are encouraged to register on the Electoral Roll and stand for election to the PCC.
The PCC members are responsible for making decisions on all matters of general concern and importance to the parish, including deciding on how the funds of the PCC are to be spent.
The full PCC held six Ordinary Meetings during the year.
Aim and purposes
The primary objective of the Parochial Church Council (PCC) is the promotion of the Gospel of Jesus Christ according to the doctrines and practices of the Church of England. The PCC has the responsibility of cooperating with the Vicar, the Reverend Chris Kilgour, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the care and maintenance of the churches of St Thomas a Becket, Northaw and St Andrew, Cuffley.
Objectives and Activities
The PCC is committed to enabling as many people as possible to worship at our churches and to become part of the parish community in Northaw and Cuffley. The PCC maintains an overview of worship throughout the parish and makes suggestions on how our services can involve the many groups in our parish. Our services and worship put faith into practice through prayer and scripture, music and sacrament.
When planning activities for the year we have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. In particular, we try to equip ordinary people to live out their Christian faith in the parish community and beyond, through:
-
Worship and prayer; learning about the Gospel; and developing their knowledge and trust in God – Father, Son and Holy Spirit.
-
Provision of pastoral care for people living in the parish and beyond.
-
Missional and outreach work in the parish and beyond.
To facilitate this work, it is important that we maintain the fabric of the two churches. During 2021, some of the work highlighted in the 2020 quinquennial surveys were carried out at both churches.
Electoral Roll
At the APCM in 2021, there were 107 entries on the roll (79 resident, 28 non-resident).
4
Achievements and Performance
It is impossible to ignore the impact that the global coronavirus epidemic has had on all areas of life in the parish. This has affected much of the church’s activities in 2021, and will do into 2022.
Worship and Prayer
Average attendance on ordinary Sundays before COVID (not major festivals or special occasions) during 2021 was 35 adults and nine children (under 16). This represents a significant decrease in Sunday attendance, which mirrors the national picture of reduced congregation sizes
The Sunday School continued to meet during 10.30am services at St Andrew’s, Cuffley, meeting in the Undercroft. This continues to prove popular with parents and children. Online streaming of services continued throughout 2021, and will be an ongoing part of the ministry of the church. In 2021, the PCC agreed to a major update of our audio system to help support and develop the online and in-person services.
In January 2021, we started a midweek service of Morning Prayer. Initially online only, this moved to an inperson service towards the end of the year, and regularly attracts around 15 people.
Deanery Synod
During the year one member of the PCC, as well as the vicar, sat on Cheshunt Deanery Synod. This provides the PCC with an important link between the parish and the wider structures of the Church of England.
Celebrating life events
As well as our regular services, we help our community to celebrate and thank God at the milestones of the journey through life. In 2021, 2 people were baptized in the parish and there were no confirmations. During the year, there were three marriages in our churches. In 2021 we conducted 6 funerals in our churches and a further 3 at local crematoria.
Pastoral Care
The prayer chain, comprising a number of committed parishioners, responds to requests from those in need. The pastoral team meets regularly to consider and act upon the needs of those requiring help.
Lay members and the Vicar make visits to the sick, bereaved and others needing pastoral support. Holy Communion is distributed by those with the Bishop’s Licence to sick and housebound parishioners in their homes.
Social and community events
Various committees organized a range of successful social and fundraising events during the year, including lunches and quiz nights all enjoyed by church members, their friends and the wider community.
The Undercroft is hired out to many groups, mainly for secular purposes, providing links between the church and the wider community and also generating income.
The Coffee Shop held in St Andrew’s church has continued to be popular and well supported (by churchgoers and others); it provides a valuable service to the community. The Coffee Shop met weekly when COVID restrictions permitted. This has been replaced with an online Coffee morning via Zoom. This has been very important to maintain our church family connections.
Because of the continuing uncertainty around coronavirus cases, two, very successful, Christmas Coffee Shops at the end of the year.
5
Mission and Outreach
In 2019, the parish identified its vision for the future and published an action plan to support it. Our aim is to double the average Sunday attendance by the end of December 2025. Despite the various coronavirus restrictions, progress through our action plan has been good.
Our partnerships with both the primary schools in the parish remained strong. Cuffley School (not a church school) held a service in St Andrew’s Church at the end of the Christmas term, and the vicar continues to build relationships with the school.
Northaw C of E Primary School are invited to begin each week with a service at St Thomas, as part of our Fresh Expression, and they also use the building for end of term services. The PCC is involved in the governance of the school though the foundation governors it appoints.
When the school was unable to attend the church, the vicar also recorded Collective Worship to be used in each class.
Our “pop-up nativity” returned in 2021, and was well received by all who attended.
Helping those in need is a further demonstration of our faith. At our Harvest Festivals and other times a quantity of food was donated for the Broxbourne Foodbank, to help local people in crisis.
Communication
We continue to update the website regularly, and to use social media to publicise events and services.
During the week, there are usually three emails sent to those on our contact database. The first (usually sent on Fridays) is an update email containing news and notices for the week, as well as links to our online services. The second (usually sent on Monday morning) is an email of prayers for the week. The third (usually sent on Tuesdays) contains the link to our online Wednesday coffee (via Zoom).
Church Family
We remain thankful to the many members of the church family who work so hard to make our church the welcoming, lively and vibrant community it is. In particular we want to thank our churchwardens and members of the PCC for their tireless work and their valuable contribution to our mission and ministry.
Safeguarding
We have continued the process of reviewing our policies and have ensured that the PCC complies with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 (duty to have due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults).
6
Financial Review
| Financial Review | Financial Review | Financial Review | Financial Review | Financial Review | |
|---|---|---|---|---|---|
| Theresultsforeachtype of fund andits constituents are shown in Note12onpage15.Insummary: | |||||
| Unrestricted General Fund |
Unrestricted Designated Funds |
Restricted Funds |
Restricted Endowment Fund |
Total of all Funds |
|
| £ | £ | £ | £ | £ | |
| Balances at 1 January2021 | 153,772 | 81,198 | 195,757 | 4,743 | 435,470 |
| Net income/(expenditure) | (8,070) | (12,222) | 5,660 | - | (14,632) |
| Transfers between funds | (5,200) | 5,200 | - | - | - |
| Increasein value of investments | 14,698 | 10,878 | 24,123 | 682 | 50,381 |
| Balances at 31 December 2021 | 155,200 | 85,054 | 225,540 | 5,425 | 471,219 |
| The overall result is a net increase in funds of £35,749 consisting of an excess of expenditure over income of £14,632 and unrealised gains on investment assets of£50,381. |
|||||
| The increase in the value of investments is significant and an encouraging result given the exceptionally uncertain year as a result of the continuing coronavirus pandemic. However, the PCC is aware that the impact of global security uncertainty is, in early 2022, causing significant volatility in the markets and the strong performance may not be maintained. The PCC's policy for investments is to contain risk by investing in the funds of the Central Board of Finance of the Church of England actively managed by CCLA (Churches Charities and Local Authorities). The Trustee is a registered charity. The funds' manager supports the ethical and responsible investment policy of the Church of England Investment Advisory Group. Units chosen by the PCC are those of the Investment Income Fund, the objective of the manager being to provide a long-term total return comprising growth in capital and income. The PCC recognises responsibility to seek qualified advice when thought appropriate. |
|||||
| The PCC has total control over the use of those funds which are unrestricted apart from a Special Designated General Fund, balance £84,591 (2020: £80,735), where the greater part is the underlying investment (value £86,531 (2020: £75,653)) held by the diocese in its capacity as custodiantrusteewhose consentwould berequiredforsalein whole orpart. |
|||||
| Previous years' reports have noted the reliance on earned income and fundraising efforts, both of which have once again been curtailed in 2021, as government restrictions prevented the pre-pandemic extent of external hiring of the Undercroft for part of the year, and there has been no demand from commuters for car parking spaces. The impact of this has been income of £14,291 from these two sources, which compares with £13,105 in 2020 and £27,526 in 2019. The General Fund deficit of £8,070 (2020: deficit of £22,305) also reflects an ongoing lower level of unplanned giving than pre-pandemic, as a result of fewer services than usual being held in church. Planned Giving is stable, at £41,074 compared with £40,903 in 2020. Of the PCC's total gross income for the year of £102,668 (2020: £81,367), 7.6% (2020: 10.3%) arises from the government through tax reclaimed under Gift Aid thanks to donors enabling that reclaim. The PCC has been fortunate to be the beneficiary of two unrestricted legacies totalling £15,000; without those the overall excess of expenditure over income would have been approximately £30,000. |
|||||
| A number of items identified during the Quinquennial Reviews carried out at St Thomas' and St Andrew's, in June and July 2020 respectively, were completed thisyear,includingwork on the Tower at St Thomas'. New noticeboards have been installed at St Thomas'. |
|||||
| In St Thomas', monitoring has continued on the cracks in the West wall and elsewhere around the building. Assessment in 2021 showed further deterioration and there remains a prospect of expensive works being required. This is subject to ongoing advice from consultant surveyors and the Diocesan Architects. Repairs to the murals, the condition of which a full survey was undertaken in 2020, and for which funds raised by the Friends of St Thomas are available (£19,647 of the total balance of £20,799 is ring-fenced for work on the murals), remain deferred until there is a clear picture of the work required on the walls, and a resolution of the impact of the old boiler room roof which is causingwater ingress. |
|||||
| Control over expenditure has been maintained. | |||||
| The PCC's policy for freely available cash reserves for the General Fund is that they should equate with not less than 3 months of normal annualexpenditure,ie.approximately £25,000. At 31 December 2021these stand at approx£40,000. |
|||||
| Gratitude is expressed to the manyvolunteers and to the local communityfor their support. |
Approved by the PCC on 10[th] April 2022 and signed on their behalf by
.................................................… ………………………………………………………….
Revd Chris Kilgour – Vicar
Doreen Sheekey – Churchwarden
7
Independent Examiner’s Report to the Trustees of the Parochial Church Council of Northaw and Cuffley
I report on the accounts of the church for the year ended 31 December 2021 which are set out on pages 9 to 15.
Respective Responsibilities of Trustees and Examiner
The church’s trustees are responsible for the preparation of the accounts. The church’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
It is my responsibility to:
-
Examine the accounts under section 145 of the 2011 Act;
-
To follow the procedures laid down in the General Directions given by the Charity Commissioners (under section 145(5)(b) of the 2011 Act; and
-
To state whether particular matters have come to my attention.
Basis of Independent Examiner’s report
My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, 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 no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
Since the gross income for the year exceeds the amount provided in section 145(3) of the 2011 Act, I confirm that I am qualified to act as Independent Examiner under the provisions of that section of the Act and that my qualification is as shown below. In connection with my examination, no matter has come to my attention:
-
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 2011 Act; and
-
To prepare accounts which accord with the accounting records and comply with the accounting requirements of the 2011 Act, have not been met; or
-
To which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.
C A Waller Chartered Accountant – retired 9 Bacons Drive Cuffley Herts EN6 4DU
Date: 10[th] April 2022
8
| PCC of Northaw & Cuffley | Statement of Financial Activities | For the year ended 31 December 2021 | Total funds | 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 2021 2020 £ £ £ £ £ £ £ £ £ £ £ £ |
49,878 | 3,807 | 17,433 | 10,249 | 81,367 | 3,627 | 6 | 290 | 64,731 | 6,595 | 32,061 | 107,310 | (25,943) | 19 | (19) | 22,634 | (3,309) | 438,779 | 435,470 | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 69,719 | 6,684 | 16,022 | 10,243 | 102,668 | 3,694 | 166 | 260 | 62,235 | 7,927 | 43,018 | 117,300 | (14,632) | 5,200 | (5,200) | 50,381 | 35,749 | 435,470 | 471,219 | ||||||||||||||||||
| Endowment funds |
- | - | - | - | - | - | - | - | - | - | - | - | - | - | 306 | 306 | 4,437 | 4,743 | ||||||||||||||||||
| - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 682 | 682 | 4,743 | 5,425 | ||||||||||||||||||
| Restricted funds |
3,819 | 6 | 654 | 4,938 | 9,417 | - | 6 | 64 | - | 324 | 9,404 | 9,798 | (381) | 19 | (19) | 10,836 | 10,455 | 185,302 | 195,757 | |||||||||||||||||
| 7,974 | 291 | 150 | 5,031 | 13,446 | - | 166 | 88 | - | 178 | 7,354 | 7,786 | 5,660 | - | - | 24,123 | 29,783 | 195,757 | 225,540 | ||||||||||||||||||
| Total Unrestricted Funds | 46,059 | 3,801 | 16,779 | 5,311 | 71,950 | 3,627 | - | 226 | 64,731 | 6,271 | 22,657 | 97,512 | (25,562) | - | - | 11,492 | (14,070) | 249,040 | 234,970 | |||||||||||||||||
| 61,745 | 6,393 | 15,872 | 5,212 | 89,222 | 3,694 | - | 172 | 62,235 | 7,749 | 35,664 | 109,514 | (20,292) | 5,200 | (5,200) | 25,576 | 5,284 | 234,970 | 240,254 | ||||||||||||||||||
| Unrestricted Designated Funds | 463 | - | 378 | 2,169 | 3,010 | - | - | - | - | - | 6,267 | 6,267 | (3,257) | - | - | 4,887 | 1,630 | 79,568 | 81,198 | |||||||||||||||||
| - | - | - | 2,202 | 2,202 | - | - | - | - | - | 14,424 | 14,424 | (12,222) | 5,200 | - | 10,878 | 3,856 | 81,198 | 85,054 | ||||||||||||||||||
| Unrestricted General Fund | 45,596 | 3,801 | 16,401 | 3,142 | 68,940 | 3,627 | - | 226 | 64,731 | 6,271 | 16,390 | 91,245 | (22,305) | - | - | 6,605 | (15,700) | 169,472 | 153,772 | |||||||||||||||||
| 61,745 | 6,393 | 15,872 | 3,010 | 87,020 | 3,694 | - | 172 | 62,235 | 7,749 | 21,240 | 95,090 | (8,070) | - | (5,200) | 14,698 | 1,428 | 153,772 | 155,200 | The Notes on pages 11 to 15 form part of these financial statements. | |||||||||||||||||
| Note | 2a | 2b | 2c | Total income | Expenditure on: | 3a | 3b | Expenditure on charitable activities | 3c | 3c | 3d | Total expenditure | Net income / (expenditure) resources before transfers | 4 | 4 | Other recognised gains / losses | 7b | Net movement in funds | Reconciliation of funds | Total funds brought forward | Total funds carried forward | |||||||||||||||
| Income and endowments from: | Donations and legacies | Income from charitable activities | Other trading activities | Raising funds | Special Collections | Parish Share | Ministry | Premises | Gross transfers between funds - in | Gross transfers between funds - out | Gains / losses on investment assets | |||||||||||||||||||||||||
| Transfers |
9
| PCC of Northaw & Cuffley | Balance sheet |
As at 31 December 2021 | Total Funds | 2020 | £ | - | 350,397 | 350,397 | 988 | 632 | 76,988 | 13,623 | 92,231 | 5,353 | 1,805 | 7,158 | 85,073 | 435,470 | 435,470 | 153,772 | 81,198 | 234,970 | 195,757 | 4,743 | 435,470 | Revd Chris Kilgour - Vicar Doreen Sheekey - Churchwarden |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2021 | £ | - | 400,778 | 400,778 | 867 | 1,122 | 66,116 | 8,060 | 76,165 | 3,819 | 1,905 | 5,724 | 70,441 | 471,219 | 471,219 | 155,200 | 85,054 | 240,254 | 225,540 | 5,425 | 471,219 | |||||||||||||||
| Endowment Funds |
2020 | £ | - | 4,743 | 4,743 | - | - | - | - | - | - | - | - | - | 4,743 | 4,743 | - | - | - | - | 4,743 | 4,743 | ||||||||||||||
| 2021 | £ | - | 5,425 | 5,425 | - | - | - | - | - | - | - | - | - | 5,425 | 5,425 | - | - | - | - | 5,425 | 5,425 | |||||||||||||||
| Restricted Funds |
2020 | £ | - | 167,765 | 167,765 | 153 | - | 32,060 | (1,930) | 30,283 | 2,291 | - | 2,291 | 27,992 | 195,757 | 195,757 | - | - | - | 195,757 | - | 195,757 | ||||||||||||||
| 2021 | £ | - | 191,888 | 191,888 | - | - | 22,193 | 11,727 | 33,920 | 268 | - | 268 | 33,652 | 225,540 | 225,540 | - | - | - | 225,540 | - | 225,540 | |||||||||||||||
| Total Unrestricted Funds | 2020 | £ | - | 177,889 | 177,889 | 835 | 632 | 44,928 | 15,553 | 61,948 | 3,062 | 1,805 | 4,867 | 57,081 | 234,970 | 234,970 | 153,772 | 81,198 | 234,970 | - | - | 234,970 | ||||||||||||||
| 2021 | £ | - | 203,465 | 203,465 | 867 | 1,122 | 43,923 | (3,667) | 42,245 | 3,551 | 1,905 | 5,456 | 36,789 | 240,254 | 240,254 | 155,200 | 85,054 | 240,254 | - | - | 240,254 | |||||||||||||||
| Unrestricted Designated Funds |
2020 | £ | - | 75,653 | 75,653 | - | - | 6,030 | (485) | 5,545 | - | - | - | 5,545 | 81,198 | 81,198 | - | 81,198 | 81,198 | - | - | 81,198 | Approved by the Parochial Church Council on 10th April 2022 and signed on its behalf by: | |||||||||||||
| 2021 | £ | - | 86,531 | 86,531 | - | - | 2,033 | (3,510) | (1,477) | - | - | - | (1,477) | 85,054 | 85,054 | - | 85,054 | 85,054 | - | - | 85,054 | |||||||||||||||
| Unrestricted General Fund |
2020 | £ | - | 102,236 | 102,236 | 835 | 632 | 38,898 | 16,038 | 56,403 | 3,062 | 1,805 | 4,867 | 51,536 | 153,772 | 153,772 | 153,772 | - | 153,772 | - | - | 153,772 | The Notes on pages 11 to 15 form part of these financial statements. | |||||||||||||
| 2021 | £ | - | 116,934 | 116,934 | 867 | 1,122 | 41,890 | (157) | 43,722 | 3,551 | 1,905 | 5,456 | 38,266 | 155,200 | 155,200 | 155,200 | - | 155,200 | - | - | 155,200 | |||||||||||||||
| Note | 7a | 7b | 8 | 9 | Creditors: Amounts falling due in one year | 11 | Net current assets less current liabilities | 12 | 12 | |||||||||||||||||||||||||||
| Fixed assets | Tangible assets | Investments | Fixed assets | Current assets | Debtors (short term) | Prepayments | Deposit accounts (CCLA) | Cash at bank and in hand | Current assets | Liabilities | Deferred income | Current liabilities | Total assets less current liabilities | Total net assets less liabilities | Represented by | Unrestricted funds | Unrestricted - General fund | Unrestricted - Designated funds | Total Unrestricted funds | Restricted income funds | Endowment funds | Total PCC funds |
10
PCC of Northaw and Cuffley Notes to the Financial Statements for the year ended 31 December 2021 1. Accounting Policies The PCC is a public benefit entity within the meaning of FRS102 (Financial Reporting Standard 102). The financial statements have been prepared under the Charities Act 2011 and in accordance with the Church Accounting Regulations 2006 governing the individual accounts of PCCs, and with the Regulations' "true and fair view" provisions. They have been prepared under FRS102 (2016) as the applicable accounting standards and the 2016 version of the Statement of Recommended Practice, Accounting and Reporting by Charities (SORP(FRS102)). They have been prepared under the historical cost convention except for the valuation of investments 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 the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. Funds (See Note 12) Unrestricted funds, which include those designated by the PCC for a particular purpose, are not subject to any restrictions regarding their use and are available for application for the general purposes of the PCC. Restricted funds, including the income they earn, are those which must be expended on the restricted purposes defined by the donor. Endowment fund is a fund where the capital must be retained and the income used in accordance with the donor's wishes. Income Voluntary income and sources of capital: Collections are accounted for when received by, or on behalf of, the PCC. Donations under Gift Aid, together with the related income tax reclaimable, are accounted for at the time the donation is received. Legacies receivable are accounted for when there has been evidence of death, entitlement, a valid will and probability of receipt including satisfaction of no requirement to satisfy claims upon the estate of the deceased. Grants receivable are accounted for upon notification of entitlement. Other income: Fundraising and social events' income is accounted for gross and according to the dates of those activities. Lettings are accounted for according to the time for which they relate. Investment income - dividends and interest - is accounted for when receivable. Expenditure All expenditure is accounted for when the legal liability (or moral obligation in the case of the Parish Share) arises: where it relates to a period of time the expense is spread over that time. Fixed Assets Tangible: Consecrated land and beneficed property is excluded by section 10(2)(a) of the Charites Act 2011. Moveable church furnishings held by the Vicar and Churchwardens upon trust for the PCC and which require a faculty for disposal are inalienable property, and are listed in the churches' inventories, which can be inspected on request. For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. Costs incurred on consecrated land and buildings and on repair of moveable church furnishings acquired before 2000 is accounted for as expended in the year. Individual items of furniture, fixtures, fittings and equipment costing £1,000 or less are accounted for as expenditure of the year and not valued in the Balance Sheet. Assets are depreciated over their anticipated useful life on the straight line basis at the following rates: Garages - 6.67% / Keyboard - 25% / Photocopier - 25% Investments: Investments are included in the Balance Sheet at bid (selling price) value on 31 December. Stocks All stocks of sanctuary and other items held on 31 December are not considered material in amount and are not valued for accounting purposes.
11
| PCC of Northaw & Cuffley | PCC of Northaw & Cuffley | PCC of Northaw & Cuffley | PCC of Northaw & Cuffley | PCC of Northaw & Cuffley | PCC of Northaw & Cuffley | PCC of Northaw & Cuffley | PCC of Northaw & Cuffley | PCC of Northaw & Cuffley | PCC of Northaw & Cuffley | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes to the Financial Statements for the year ended 31 December 2021 | ||||||||||||||
| Unrestricted General Fund | Unrestricted Designated Funds |
Total Unrestricted Funds | Restricted funds |
Endowment funds |
Total funds | |||||||||
| 2021 2020 2021 2020 |
2021 2020 2021 2020 2021 2020 |
2021 2020 |
||||||||||||
| £ £ £ £ |
£ £ £ £ £ £ |
£ £ |
||||||||||||
| Income and endowments | ||||||||||||||
| 2a Donations and legacies | ||||||||||||||
| Plannedgiving: | ||||||||||||||
| Gift Aid donations | 26,575 | 28,150 | - | - | 26,575 | 28,150 | - | - | - | - | 26,575 | 28,150 | ||
| Income tax reclaimable | 6,644 | 7,038 | - | - | 6,644 | 7,038 | - | - | - | - | 6,644 | 7,038 | ||
| Other tax efficient donations | 5,225 | 3,855 | - | - | 5,225 | 3,855 | - | - | - | - | 5,225 | 3,855 | ||
| Nongift aided donations | 2,630 | 1,860 | - | - | 2,630 | 1,860 | - | - | - | - | 2,630 | 1,860 | ||
| Unplannedgiving: | - | - | ||||||||||||
| Gift Aid donations | 3,453 | 2,714 | - | 260 | 3,453 | 2,974 | 14 | - | - | - | 3,467 | 2,974 | ||
| Income tax reclaimable | 930 | 678 | - | 65 | 930 | 743 | 4 | - | - | - | 934 | 743 | ||
| Nongift aided donations | 898 | 1,165 | - | 115 | 898 | 1,280 | - | - | - | - | 898 | 1,280 | ||
| Gift Aid Small Donations "GASDS" | 108 | 136 | - | 23 | 108 | 159 | - | - | - | - | 108 | 159 | ||
| Friends of St Thomas: | - | - | ||||||||||||
| Gift Aid donations | - | - | - | - | - | - | 246 | 834 | - | - | 246 | 834 | ||
| Income tax reclaimable | - | - | - | - | - | - | 62 | 209 | - | - | 62 | 209 | ||
| Nongift aided donations | - | - | - | - | - | - | 148 | 86 | - | - | 148 | 86 | ||
| Legacies | 15,000 | - | - | - | 15,000 | - | - | - | - | - | 15,000 | - | ||
| Grants | 282 | - | - | - | 282 | - | 7,500 | 2,690 | - | - | 7,782 | 2,690 | ||
| Total from donations and legacies | 61,745 | 45,596 | - | 463 | 61,745 | 46,059 | 7,974 | 3,819 | - | - | 69,719 | 49,878 | ||
| 2b Income from charitable activities | ||||||||||||||
| Retreat | - | - | - | - | - | - | - | - | - | - | - | - | ||
| Fees | 4,471 | 3,281 | - | - | 4,471 | 3,281 | - | - | - | - | 4,471 | 3,281 | ||
| Flower Donations Gift Aided | - | 95 | - | - | - | 95 | 100 | - | - | - | 100 | 95 | ||
| Flower Donations | - | 20 | - | - | - | 20 | - | - | - | - | - | 20 | ||
| Income tax reclaimable | - | 24 | - | - | - | 24 | 25 | - | - | - | 25 | 24 | ||
| After Service Refreshments | 142 | 65 | - | - | 142 | 65 | - | - | - | - | 142 | 65 | ||
| Coffee Shop | 878 | - | - | - | 878 | - | - | - | - | - | 878 | - | ||
| Other income | 902 | 316 | - | - | 902 | 316 | - | - | - | - | 902 | 316 | ||
| Special Collections | - | - | - | - | - | - | 166 | 6 | - | - | 166 | 6 | ||
| Total from Charitable activities | 6,393 | 3,801 | - | - | 6,393 | 3,801 | 291 | 6 | - | - | 6,684 | 3,807 | ||
| 2c Fundraising and other trading activities | ||||||||||||||
| Fundraisingand Social events: | ||||||||||||||
| Non-Gift Aid income | 1,581 | 2,858 | - | 378 | 1,581 | 3,236 | 150 | 165 | - | - | 1,731 | 3,401 | ||
| Gift Aid donations | - | 350 | - | - | - | 350 | - | 350 | - | - | - | 700 | ||
| Income tax reclaimable | - | 88 | - | - | - | 88 | - | 139 | - | - | - | 227 | ||
| Total Fundraisingand Social events | 1,581 | 3,296 | - | 378 | 1,581 | 3,674 | 150 | 654 | - | - | 1,731 | 4,328 | ||
| Undercroft income | 9,841 | 8,628 | - | - | 9,841 | 8,628 | - | - | - | - | 9,841 | 8,628 | ||
| Carparkingand Garage rental | 4,450 | 4,477 | - | - | 4,450 | 4,477 | - | - | - | - | 4,450 | 4,477 | ||
| Total income of these activities | 15,872 | 16,401 | - | 378 | 15,872 | 16,779 | 150 | 654 | - | - | 16,022 | 17,433 | ||
| 2d Investments | ||||||||||||||
| Dividends | 2,972 | 2,870 | 2,199 | 2,123 | 5,171 | 4,993 | 5,014 | 4,842 | - | - | 10,185 | 9,835 | ||
| Interest | 38 | 272 | 3 | 46 | 41 | 318 | 17 | 96 | - | - | 58 | 414 | ||
| Total investment income | 3,010 | 3,142 | 2,202 | 2,169 | 5,212 | 5,311 | 5,031 | 4,938 | - | - | 10,243 | 10,249 | ||
| TOTAL INCOME | 87,020 | 68,940 | 2,202 | 3,010 | 89,222 | 71,950 | 13,446 | 9,417 | - | - | 102,668 | 81,367 |
12
| PCC of Northaw & Cuffley | PCC of Northaw & Cuffley | PCC of Northaw & Cuffley | PCC of Northaw & Cuffley | PCC of Northaw & Cuffley | PCC of Northaw & Cuffley | PCC of Northaw & Cuffley | PCC of Northaw & Cuffley | PCC of Northaw & Cuffley | PCC of Northaw & Cuffley | |||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Notes to the Financial Statements for the year ended 31 December 2021 | ||||||||||||||
| Unrestricted General Fund | Unrestricted Designated Funds |
Total Unrestricted Funds | Restricted funds |
Endowment funds |
Total funds | |||||||||
| 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | 2021 | 2020 | |||
| £ | £ | £ | £ | £ | £ | £ | £ | £ | £ | £ | £ | |||
| Expenditure | ||||||||||||||
| 3a Fundraising and social activities | ||||||||||||||
| Fundraisingand Social events | 509 | - | - | - | 509 | - | - | - | - | - | 509 | - | ||
| Onlinegivingfees | 5 | - | - | - | 5 | - | - | - | - | - | 5 | - | ||
| Undercroft | 3,180 | 3,627 | - | - | 3,180 | 3,627 | - | - | - | - | 3,180 | 3,627 | ||
| Total cost of these activities | 3,694 | 3,627 | - | - | 3,694 | 3,627 | - | - | - | - | 3,694 | 3,627 | ||
| 3b Special Collections(Note 10) | - | - | - | - | - | - | 166 | 6 | - | - | 166 | 6 | ||
| - | - | - | - | - | - | 166 | 6 | - | - | 166 | 6 | |||
| Charitable activities: | ||||||||||||||
| 3c Ministry: | ||||||||||||||
| Parish Share: | ||||||||||||||
| Contribution to stipends | 35,140 | 35,140 | - | - | 35,140 | 35,140 | - | - | - | - | 35,140 | 35,140 | ||
| Support for the ministry | 27,095 | 29,591 | - | - | 27,095 | 29,591 | - | - | - | - | 27,095 | 29,591 | ||
| Total Parish Share | 62,235 | 64,731 | - | - | 62,235 | 64,731 | - | - | - | - | 62,235 | 64,731 | ||
| Grants | - | - | - | - | - | - | - | - | - | - | - | - | ||
| Clergyworkingexpenses | 411 | - | - | - | 411 | - | - | - | - | - | 411 | - | ||
| Children's Church andyouth work | 47 | - | - | - | 47 | - | - | - | - | - | 47 | - | ||
| Organists, choir and music | 933 | 997 | - | - | 933 | 997 | - | - | - | - | 933 | 997 | ||
| Books and Bookstall | 528 | 393 | - | - | 528 | 393 | - | - | - | - | 528 | 393 | ||
| Retreat | 451 | - | - | - | 451 | - | - | - | - | - | 451 | - | ||
| Office & Misc expenses | 5,309 | 4,990 | - | - | 5,309 | 4,990 | 147 | 393 | - | - | 5,456 | 5,383 | ||
| Flowers | - | 46 | - | - | - | 46 | 119 | (5) | - | - | 119 | 41 | ||
| Communityand Sanctuary | 138 | - | - | - | 138 | - | - | - | - | - | 138 | - | ||
| After Service Refreshments | 104 | 71 | - | - | 104 | 71 | - | - | - | - | 104 | 71 | ||
| Total Ministry costs | 70,156 | 71,228 | - | - | 70,156 | 71,228 | 266 | 388 | - | - | 70,422 | 71,616 | ||
| 3d Premises | ||||||||||||||
| Depreciation | - | 523 | - | 200 | - | 723 | - | - | - | - | - | 723 | ||
| Repairs/Re-furbishment - St.Andrew(incl Undercroft) | - | - | - | - | - | - | 287 | 2,242 | - | - | 287 | 2,242 | ||
| Repairs/Re-furbishment - St.Thomas | - | - | 6,790 | 6,067 | 6,790 | 6,067 | - | 4,236 | - | - | 6,790 | 10,303 | ||
| General expenses - St Andrew's | 6,882 | 4,633 | - | - | 6,882 | 4,633 | 5,867 | 2,926 | - | - | 12,749 | 7,559 | ||
| General expenses - St Thomas | 4,115 | 2,251 | 7,634 | - | 11,749 | 2,251 | 1,200 | - | - | - | 12,949 | 2,251 | ||
| Gas, Electricityand Water(Excl Undercroft) | 6,186 | 4,920 | - | - | 6,186 | 4,920 | - | - | - | - | 6,186 | 4,920 | ||
| Insurance and Security | 4,057 | 4,063 | - | - | 4,057 | 4,063 | - | - | - | - | 4,057 | 4,063 | ||
| Total Premises costs | 21,240 | 16,390 | 14,424 | 6,267 | 35,664 | 22,657 | 7,354 | 9,404 | - | - | 43,018 | 32,061 | ||
| TOTAL EXPENDITURE | 95,090 | 91,245 | 14,424 | 6,267 | 109,514 | 97,512 | 7,786 | 9,798 | - | - | 117,300 | 107,310 |
13
| PCC of Northaw and Cuffley | |||||
|---|---|---|---|---|---|
| Notes to the Financial Statements for the year ended 31 December 2021 | |||||
| 4. Transfers | |||||
| A legacy to the parish allocated to cover St Thomas'expenditure in line with verbally expressed wishes of the legator. | |||||
| 5. Employee remuneration | 2021 | 2020 | |||
| £ | £ | ||||
| - | - | ||||
| During the year the PCC did not employ anyone. | |||||
| 6. Related Party Transactions | |||||
Clergy working expenses shown in note 3a were paid in 2020 and in 2021. Payments made to members of the PCC or persons connected with them in 2021 totalled £340 paid to two members of the PCC and close family, in respect of verger duties (2020: total £40 to two PCC members) and digging fees related to burial of ashes. |
|||||
| 7. Fixed Assets | |||||
| 7a. Tangible assets | Photocopier | Keyboard | Garages | Total | |
| £ | £ | £ | £ | ||
| Tangible Asset initial value (Note 1) | 2,275 | 1,875 | 3,000 | 7,150 | |
| Depreciation | - | ||||
| At 1 January 2021 | 2,275 | 1,875 | 3,000 | 7,150 | |
| Charge for the year | - | - | - | ||
| Total | 2,275 | 1,875 | 3,000 | 7,150 | |
| Net Book Value at 31 December 2021 | - | - | - | - | |
| Net Book Value at 31 December 2020 | - | - | - | - | |
| 7b. Investments | |||||
| Shares in CBF Church of England Investment Fund, whose Investment Committee supports the Church of England's Ethical Investment Advisory Group. |
General Fund |
St Thomas' Special Purpose Designated General Fund |
St Andrew's Fabric Restricted Fund |
Endowment Fund |
Total |
| Number of shares at 31 December 2020 and 2021 | 5,000 | 3,700 | 8,205 | 232 | 17,137 |
| £ | £ | £ | £ | £ | |
| Market value 1 January 2021 | 102,236 | 75,653 | 167,765 | 4,743 | 350,397 |
| Additions | - | - | - | - | - |
| Sales | - | - | - | - | - |
| Net gain/(loss) on revaluation at 31 December 2021 | 14,698 | 10,878 | 24,123 | 682 | 50,381 |
| Market value 31 December 2021 | 116,934 | 86,531 | 191,888 | 5,425 | 400,778 |
| 8. Debtors | 2021 | 2020 | |||
| £ | £ | ||||
| Short term:Tax reclaimable | 558 | 718 | |||
| Undercroft | 309 | 270 | |||
| 867 | 988 | ||||
| 9. Deposit Accounts (CCLA) | |||||
These comprise cash held in the CBF Church of England Deposit Fund. |
|||||
| 10. Special Collections | 2021 | 2020 | |||
| £ | £ | ||||
| Home mission and other church societies: | |||||
| World Day of Prayer | - | 6 | |||
| Total | - | 6 | |||
| Other special collections: | |||||
| Royal British Legion | 166 | - | |||
| Total | 166 | - | |||
| Total collected and paid out including tax reclaimed £33 (2020: £1) |
166 | 6 | |||
| 11. Deferred income | 2021 | 2020 | |||
| £ | £ | ||||
| Deferred income mainly relates to payments received in 2021 for reserved car parking at St Andrew's in 2022. |
|||||
| Balance at 1 January | 1,805 | 2,217 | |||
| Amounts added in current period | 1,905 | 1,805 | |||
| Amounts released to income from previous periods | 1,805 | 2,217 | |||
| Balance at 31 December | 1,905 | 1,805 | |||
14
| PCC of Northaw and Cuffley | ||||||||
|---|---|---|---|---|---|---|---|---|
| Notes to the Financial Statements for the y | ear ended 31 December 2021 | |||||||
| 12. Funds Statement | ||||||||
| Brought forward 1 January 2021 |
Income |
Expenditure | Transfers | Investment gains (losses) |
Carried forward 31 December 2021 |
Funds represent the purposes stated | ||
| £ | £ | £ | £ | £ | £ | |||
| Unrestricted Income Funds: | ||||||||
| General | 153,772 | 87,020 | 95,090 | (5,200) | 14,698 | 155,200 | On-going financing of day to day operating. | |
| Designated: | ||||||||
| St Andrew Fabric | 463 | - | - | - | - | 463 | Maintenance of fabric of St Andrew's church. | |
| St Thomas Special Purpose General | 80,735 | 2,202 | 14,424 | 5,200 | 10,878 | 84,591 | Arising from monies donated in 1961 and placed into trust in 1962 (which was revoked by the PCC in 1987). An invested element of 3700 CBF shares is registered with the diocese as custodian trustee. |
|
| Total Unrestricted | 234,970 | 89,222 | 109,514 | - | 25,576 | 240,254 | ||
| Restricted Income Funds: | ||||||||
| St Andrew Fabric | 173,635 | 4,956 | 287 | - | 24,123 | 202,427 | Maintenance of fabric of St Andrew's church. | |
| St Andrew Sound | - | 7,500 | 5,598 | - | - | 1,902 | Funds raised for new audio-visual equipment at St Andrew's church. | |
| St Thomas Fabric | - | - | - | - | - | - | Maintenance of fabric of St Thomas'church. | |
| Flower Account | 315 | 263 | 166 | - | - | 412 | Income for flowers at St Andrew's church. | |
| Mission | 206 | 75 | 281 | - | - | - | Anonymous donation and fundraised income for projects to enhance mission outreach. | |
| Special Collections | - | 166 | 166 | - | - | - | Funds raised for specific charities. | |
| Friends of St Thomas-Murals | 19,637 | 10 | - | - | - | 19,647 | Funds raised for the repair and maintenance of the murals at St Thomas'church. | |
| Friends of St Thomas-General | 1,964 | 476 | 1,288 | - | - | 1,152 | Funds raised for the repair and maintenance of the fabric at St Thomas'church. | |
| Total Restricted-see note below | 195,757 | 13,446 | 7,786 | - | 24,123 | 225,540 | ||
| Endowment Fund | ||||||||
| Evans Bequest+anonymous donation | 4,743 | - | - | - | 682 | 5,425 | Invested to provide income for flowers at St Andrew's church. Bequest in 1986 £200 and anonymous donation in 1966 - £1,000 invested in 48 & 184 shares in CBF Investment Income Fund |
|
| Total of all funds | 435,470 | 102,668 | 117,300 | - | 50,381 | 471,219 | ||
| Note re Restricted Income Funds: | ||||||||
| Since January 2007, all donations for restrict | ed purposes are accepted on the following understanding: | |||||||
a) the PCC will try to use the funds for the sta |
ted purposes; |
|||||||
b) donations will be put to alternative use if: |
||||||||
| i) the amount given exceeds the total cos | t of the project or | |||||||
| ii) the PCC is unable to proceed with the | project. | |||||||
15