## **St Wilfrid’s Parochial Church Council**
_Charity Registration No 1130413_
**St Wilfrid’s Church and Church of the Presentation**
## Annual Report and
## Financial Statements
## for the year ended
## _**31 December 2021**_
_Serving others in Christ’s name – at the heart of Haywards Heath – since 1865_
**St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2021**
|**CONTENTS**
Parish Information
Annual Report
Independent Examiner’s Report
Statement of Financial Activities
Balance Sheet
Accounting Policies
Notes to the Financial Statements|**PAGE**
1-2
3-6
7
8
9
10-11
12-17|
|---|---|
0
**St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2021**
## **PARISH INFORMATION**
**Clergy:** Rev E Pritchett Rector and PCC Chairman (instituted 1 October 2021) **NSMs** : Rev M Clark Rev D Young (until May 2021) **Lay Reader:** None **Address:** St Wilfrid’s Parish Office St Wilfrid’s Way Haywards Heath West Sussex RH16 3QH
## **PCC Membership**
_The APCM was held in May 2021._
All clergy members of the Parish, including any lay readers, are entitled to sit on the PCC, although the Rev M Clark (NSM) waived this right.
|_Churchwardens (2)_
_St Wilfrid’s_
_Representatives (4)_
_Presentation_
_Representatives (4)_
_Parish_
_Representatives (4)_
_Deanery Synod_
_Representatives (3)_|Name
Mr A Franklin
Mr D Gooch
Miss P Richardson
Mrs H Arnold
Mr D Pidgeon
_One vacancy_
Mrs S Ward
Ms S Tapp
_Two vacancies_
Mr I Michael
Mrs K Michael
Mr A Storey
Mrs G Kendall
Mr M Walmsley
Mrs L Sayers
_One vacancy_|Elected
APCM 2015
APCM 2018
) re-elected
) APCM 2021
APCM 2021
Re-elected APCM 2019
APCM 2021
)
)Re-elected
)APCM 2020
)
)Re-elected
)APCM 2020|Notes
Chair until 30 September
then Vice-Chair
Resigned 23 Feb 2022|
|---|---|---|---|
Mrs I Nicholas is a Diocesan Synod member and as such is entitled to attend PCC meetings, but has not attended during 2021.
1
**St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2021**
## **Statement of PCC Responsibilities**
The PCC’s members are responsible for preparing the Annual Report and Financial Statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England and Wales requires the PCC to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the PCC and of the incoming resources and application of resources of the PCC for that period.
In preparing these financial statements, the PCC’s members are required to:
- select suitable accounting policies and apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgements and estimates that are reasonable and prudent;
- state whether applicable accounting standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basis unless it is inappropriate to assume the PCC will continue in operation.
The PCC is responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the PCC and which enable them to ensure that the financial statements comply with the Charities Act 2011, the Charities (Accounts and Reports) Regulations 2008, and the Church Accounting Regulations 2006. They are also responsible for safeguarding the assets of the parish and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The PCC’s members have complied with their duty to have due regard to Public Benefit guidance published by the Charity Commission.
2
**St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2021**
## **ANNUAL REPORT**
## **Structure, Governance and Management**
All adult Church attendees are encouraged to register on the Electoral Roll. The parish is administered through the Parochial Church Council (PCC), which operates under the Parochial Church Council Powers Measure, 1956 (as amended). The method of appointment of PCC members is set out in the Church Representation Rules. In addition to the PCC, there is a Standing Committee of Church Officers (this is a legal requirement). The PCC’s responsibilities include St Wilfrid’s and the Presentation Churches, and their respective Church Halls.
## **Objectives and Activities**
The fundamental objective of the PCC is to facilitate the Ministry of the Anglican Church within the Parish of St Wilfrid, Haywards Heath. The legal requirement is that the PCC shall “co-operate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical”.
The PCC has paid due regard to guidance issued by the Charity Commission in deciding what activities the PCC should undertake.
## **Achievements and Performance**
With the coronavirus situation deteriorating towards the end of 2020, it was not much of a surprise when the start of 2021 saw the country being put into another lockdown. However, a regular Sunday morning service was maintained using Zoom as the online platform. Whilst initially led in their entirety by either Mike Clark or David Young, as people became more used to using Zoom technology, additional participants provided the readings and intercessions, and in due course a hymn to open the service and an organ voluntary to close it were added. Both churches re-opened for in-person services on Easter Sunday (4 April) with Eucharists at 9.00am at St Wilfrid’s and 10.30am at the Church of the Presentation, a pattern that was retained subsequently for the remainder of the year.
The Parish has been extremely grateful to Mike Clark, David Young and John Twisleton who between them led the services for much of the year. Their contribution meant that on only one occasion was it not possible to provide a Sunday Eucharist. The Parish said goodbye to David Young in June when he moved to Sheffield, but not without an appropriate presentation to mark his long ministry as a Non-Stipendiary Minister (NSM) being made at his final service.
It was a cause for celebration on Friday, 1 October when the new Rector, Fr Edward Pritchett, was licensed by the Right Reverend Dr Martin Warner, Lord Bishop of Chichester, and inducted into corporal possession of the Parish by the Venerable Angela Martin, Archdeacon of Horsham. Since that point, other services have gradually been reintroduced including Evensong (from Advent), daily morning prayer at St Wilfrid’s and evening prayer at the Presentation, and a range of Christmas services, including Sunday carol services at both churches and a Nativity Service on Christmas Eve.
With the easing of most Coronavirus restrictions from July 2021, other aspects of Parish life were able to recommence, including concerts. Not only is St Wilfrid’s church used for home-grown events, but the Parish is also pleased to act as a regular
3
**St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2021**
venue for Ardingly Choral Society and Haywards Heath Music Society concerts, which help bring a range of high quality, mainly classical, music to the town.
The re-opening of the two Church halls was another important part of getting back to something closer to normality. Both halls are used for internal Church activities such as refreshments after services and for various Church groups including the weekly Coffee Stop on Tuesday mornings, but they are also hired out to a diverse range of community, exercise and other users who all contribute in their own ways to our wider Parish life.
One significant project this year has been essential repairs to the mortar fillets on St Wilfrid’s church tower. This entailed the erection of complicated scaffolding both inside and outside the church. As recorded in more detail in the financial review, the works were the subject of a special appeal which, inclusive of tax recovered through Gift Aid, raised around £20,000 towards the substantial cost involved. We were also grateful to Coro Nuovo who staged a concert at St Wilfrid’s Church in aid of this appeal.
The Parish continued to support St Wilfrid’s School, including providing a number of governors. Wider links between the Parish and School are gradually resuming following disruption by coronavirus, and it is a hoped that they will be considerably strengthened in 2022.
During 2021, 1 marriage and 11 funerals took place. There were 141 people on the Electoral Roll.
Charity fundraising was again seriously curtailed but, despite this, £500 was raised for the annual Rotary Club Darts event in aid of the local hospices and a collection for a project to support the replacement of the Mothers’ Union caravan for family holidays raised £1,000. With the resumption of activities such as the Coffee Stop and refreshments after Sunday services, it was also possible to send donations to Christian Aid, the Chichester Diocesan Association for Family Support Work (CDAFSW) and Children in Distress, which is a particular charity that the Church of the Presentation like to support. In addition, regular collections of food and other items have taken place for CDAFSW.
The Parish has continued to post information regularly on Facebook and Twitter, as well as the live-streaming of the Sunday morning Eucharist at St Wilfrid’s taking place throughout. Once again the use of Church Suite as an administrative tool has proved extremely worthwhile, enabling smooth communication within the Parish. The PCC has met regularly, using Zoom as necessary.
Finally, the parish is extremely grateful to the two Churchwardens, Arthur Franklin and Derek Gooch, who acted as ‘sequestrators’ of the parish while there was no incumbent and whose efforts were critical in facilitating the continued life of the parish as described above, notwithstanding the dual challenges of a vacancy and coronavirus. During this time, the Standing Committee (which also includes the PCC Secretary and Treasurer) met regularly to ensure that Parish matters continued to be dealt with on an effective and timely basis.
## **Financial Review**
Overall the parish ran a deficit in 2021, amounting to £9,771 (2020: deficit of £76,333 – this particularly reflected the cost of replacing the lighting at St Wilfrid’s church in
4
**St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2021**
that year). The deficit in 2021 was due to the cost of repairs to St Wilfrid’s church tower referred to above, together with the underlying imbalance which has existed for some years as routine spending has exceeded regular income. The 2021 deficit arose despite receipt of £10,500 from legacies.
The tower repairs cost £52,482. However, it proved possible to recover VAT amounting to £6,728 through the Listed Places of Worship Grants Scheme (LPWGS), thereby reducing the net cost to the parish to £45,754. The project was financed by generous donations totalling £17,902, Gift Aid tax recovery on those donations of £3,586, drawing £15,000 from St Wilfrid’s Church Fund [see note 9(ii) in the accounts], and taking the remainder from the Fabric Fund.
Total income rose by 1%. However, as set out in the _Annual Report for 2020_ , a better indication of the underlying position is given by excluding significant one-off sources of income, specifically donations for the tower repairs, associated income tax recovery, receipts from LPWGS and legacies. If these receipts are excluded from the comparison, income was 3½% higher in 2021 than the previous year.
That increase in income was more than accounted for by higher receipts from hall lettings, as it was possible to make greater use of the halls in 2021 than the previous year. It is concerning that planned giving fell by 4½%, having fallen by 6½% in 2020, and as a result total underlying churches’ income declined by almost 4%.
Expenditure in 2021 excluding major fabric works on the churches and the halls was 6% lower than in 2020. The most significant factor was a reduction in parish contribution from £68,310 in 2020 to £60,000 in 2021 (the full share of parish ministry cost in 2021 was £74,300). The level of parish contribution in 2021 was agreed with the Deanery and Diocese having regard to the fragile state of the parish’s finances. This was partly offset by the one-off cost of redecorating the Rectory prior to the new incumbent taking up his post. Running costs of the halls were lower in 2021, in part because no major repairs were required.
These developments are reflected in the movements of funds relating to different areas of the parish’s activities. The churches ran a deficit on unrestricted funds of £13,169 in 2021 (2020: deficit of £31,049). The Halls swung from a deficit of £5,165 in 2020 to a surplus of £5,699 in 2021, because of the significantly higher lettings receipts and lower running costs mentioned above. This is a welcome development, as surpluses from the Halls are used in part to meet the parish’s general expenses. There was a small deficit of £2,301 on restricted funds (2020: deficit of £40,119) due to use of restricted funds to meet some of the cost of the tower repairs, though much of that was offset by receipt of a restricted legacy.
It is important to emphasise once more that for some years the costs of running the churches have significantly exceeded the monies raised to fund them: this issue was first highlighted in the _Annual Report_ for 2017. The excess of unrestricted churches’ spending over income of £13,169 in 2021 arose despite almost all fabric spending being taken that year from restricted funds and paying parish contribution £14,300 less than the full parish ministry cost calculated by the Diocese.
In autumn 2021 it was agreed with the Deanery and Diocese that parish contribution in 2022 would be £62,500, which represents only 81% of full cost of £76,967. The challenge for the parish in coming years is to grow income in order progressively to reduce the imbalance between the churches’ spending and income, and to allow a higher proportion of ministry cost to be met.
5
**St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2021**
Due to the deficits set out above, net current assets fell from £223,584 at end-2020 to £213,813 at end-2021. The total for end-2021 comprises £44,145 in restricted funds and £169,668 is unrestricted. Within net current assets, £89,478 is restricted or designated by the PCC for the upkeep of fabric of the parish’s two churches and two halls (2020: £88,121). Such fabric projects include quinquennial and other major repairs.
In 2021 the capital value of the parish’s historic endowments increased by £113,225, reflecting a 14% rise in the relevant stock market index. However, the capital value of most of the endowments was donated in a form whereby it cannot be spent: the endowments exist to generate income in perpetuity, which in 2021 was £23,043.
## **Reserves Policy**
Our policy is to hold reserves equal to six-months of locally managed current spending (i.e. excluding Parish Contribution) – budgeted to be £20,518 in 2021. The parish’s reserves were in line with that figure at end-2021, amounting to £20,543 (note 8). Other current assets are primarily deposits held for future fabric works (note 8).
Approved by the Parochial Church Council on 17 March 2022 and signed on its behalf by:
**Rev’d E Pritchett** B.Th. (Cantab.), B.A. (Hons) (Cant. Univ.), P.G.Dip. (Durh.) _(Rector and Chairman)_
6
**St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2021**
## **INDEPENDENT EXAMINER’S REPORT TO THE MEMBERS OF ST WILFRID’S PAROCHIAL CHURCH COUNCIL**
I report to the charity members on my examination of the accounts of the charity for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet and related notes.
## **Responsibilities and basis of report**
As the charity’s members 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**
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:
1. accounting records were not kept in respect of the charity 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 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.
## **David W Martin FCA Knill James LLP**
Chartered Accountants One Bell Lane Lewes East Sussex BN7 1JU
Dated: .........................
7
**St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2021**
## **STATEMENT OF FINANCIAL ACTIVITIES**
## **Incorporating the income and expenditure account**
|Notes
**Income from:**
2
Voluntary income
2(a)
Income from
Church activities
2(b)
Activities for
generating funds
2(c)
Investment
income
2(d)
Other incoming
resources
2(e)
**Expenditure on:**
3
Costs of
generating funds
3(a)
Church activities
3(b)
Net (outgoing)/
incoming
resources for the
year
Net gains/losses
on investments
7
**Net income**
**(movement in**
**funds)**
**Reconciliation**
**of funds**
Total funds
brought forward
**Total funds**
**carried forward**|Unrestricted
Funds
Restricted
Funds
Endowment
Funds
**TOTAL**
**FUNDS**
**2021**
**TOTAL**
**FUNDS**
**2020**
£
£
£
77,193
28,102
-
105,295
110,126
1,396
-
-
1,396
1,458
17,206
1,673
-
18,879
11,376
6,642
16,497
-
23,139
23,283
2,403
-
-
2,403
3,368|
|---|---|
||104,840
46,272
-
151,112
149,611|
||10,769
-
-
10,769
14,304
101,541
48,573
-
150,114
211,640|
||112,310
48,573
-
160,883
225,944|
||(7,470)
(2,301)
-
(9,771)
(76,333)
-
-
113,225
113,225
51,061|
||(7,470)
(2,301)
113,225
103,454
(25,272)|
||177,138
46,446
794,563
1,018,147
1,043,419|
||169,668
44,145
907,788
1,121,601
1,018,147|
The net incoming resources for the year all relate to continuing operations.
There were no recognised gains or losses other than the net movement in funds for the year.
A breakdown of total funds for 2020 into unrestricted, restricted and endowment funds is presented at note 1 on page 12.
8
**St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2021**
## **BALANCE SHEET**
At 31 December 2021
|Notes
_Fixed assets_
Tangible fixed
assets
Investment assets
7
_Current assets_
CBF deposits
Cash at bank
Other debtors
_Current liabilities_
Creditors due within
one year
6
_Net current assets_
8
**Net assets**
7,8
**Funds**
Unrestricted funds
8
Restricted funds
8,9
Endowment funds:
7
Expendable
Non-expendable|194,853
19,184
___4,142
218,179
(4,366)
|2021
£
-
907,788
907,788
213,813
________
1,121,601
________
169,668
44,145
144,237
763,551
1,121,601
________|208,222
16,978
3,582
228,782
(5,198)
|2020
£
-
794,563
794,563
223,584
________
1,018,147
________
177,138
46,446
126,186
_668,377
1,018,147
________|
|---|---|---|---|---|
Approved by the Parochial Church Council on 17 March 2022 and signed on its behalf by:
**Rev’d E Pritchett** B.Th. (Cantab.), B.A. (Hons) (Cant. Univ.), P.G. Dip. (Durh.) ( _Rector_ & _Chairman)_
**Ian M Michael** M.A. (Cantab.), LL.B. (Hons), Cert. Acc. (Open) ( _Parish Treasurer)_
The Accounting Policies and notes on pages 10 to 17 form part of these accounts.
9
**St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2021**
## **ACCOUNTING POLICIES**
The PCC constitutes a public benefit entity as defined by FRS 102. The financial statements have been prepared in accordance with 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), 2[nd] edition, October 2019; the Charities Act 2011; and UK Generally Accepted Practice as it applies from 1 January 2015.
The charity does not include a cash flow statement on the grounds that it is applying FRS 102 Section 1A.
The accounts (financial statements) have been prepared to give a “true and fair” view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a “true and fair view”. This departure has involved following the Charities SORP (FRS 102) rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The financial statements have been prepared on a going concern basis, under the historical cost convention except for investment assets, which are shown at market value.
The accounts include transactions, assets and liabilities for which the PCC can be held responsible. They do not include the accounts of church groups that owe an affiliation to another body, nor of those that are informal gatherings of church members.
## **Incoming resources**
Voluntary income, including donations and legacies, is recognised when receivable. Tax recoverable on planned giving and donations is accounted for when receivable from HM Revenue and Customs. Dividends and interest are accounted for when due. Tax recoverable thereon (where it is) is treated on the same basis. Restricted dividend and interest income is accounted for separately; some of the income from endowments is restricted [see note 9(i)]. Rental income from letting church premises is accounted for when earned.
## **Resources expended**
Resources expended are included on an accruals basis. All costs have been directly attributed to one of the categories of expenditure in the Statement of Financial Activities.
Resources expended are allocated to the categories shown in the accounts in accordance with Charities SORP (FRS 102), and the guidance issued by the Business Committee of the General Synod in their publication _PCC Accountability: The Charities Act 2011 and the PCC, 5[th] edition (2017)._
Costs of generating funds are expenditure on running costs and maintenance of the Halls, and costs directly arising from a fund raising event, for example gifts and fees paid to musicians. Church activities are those items which meet the detailed definitions in paragraph 2.13 of the Business Committee guidance. These include most expenditure inherent in the work of the PCC.
## **Fixed assets**
_Consecrated land and buildings and moveable church furnishings:_ Consecrated and beneficed properties are not deemed assets of the PCC and, along with moveable church furnishings, are excluded from these accounts. All expenditure incurred during the year on these items, whether maintenance or improvement, is written off.
10
**St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2021**
_Fixtures, fittings and office equipment:_ Equipment used within the parish with an individual purchase price of £1,000 or less is written off in the period when the asset is acquired. Other items are depreciated on a straight line basis over four years.
_Investments:_ Investments are shown at market value at 31 December 2021. Unrealised gains and losses are taken to the Statement of Financial Activities as they arise.
## **Funds**
_Endowment funds_ (note 7): Unless expendable, the capital must be maintained. Only income arising from investment of the endowment may be used.
_Restricted funds_ (note 9): These comprise incoming resources restricted to a particular object, including income from endowments where restricted to a specific purpose.
_Unrestricted funds_ (note 8): These can be used for any of the PCC’s purposes. Some are “designated” by the PCC from time to time for particular uses.
## **Debtors and creditors receivable / payable within one year**
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in expenditure.
## **Provisions**
Provisions are recognised when the PCC has an obligation at the balance sheet date as a result of a past event, it is probable that an outflow of economic benefits will be required in settlement and the amount can be reliably estimated.
## **Going concern**
The financial statements have been prepared on a going concern basis as the trustees believe that no material uncertainties exist. The trustees have considered the level of funds held and the expected level of income and expenditure for 12 months from authorising these financial statements and have taken into account the impact of the Covid-19 pandemic on the PCC’s finances and activities. The budgeted income and expenditure is sufficient with the level of reserves for the PCC to be able to continue as a going concern.
## **Judgements and key sources of estimation uncertainty**
There are no areas where the trustees have been required to make judgements, estimates or assumptions in respect of the carrying amounts of assets and liabilities.
11
**St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2021**
## **NOTES TO THE FINANCIAL STATEMENTS**
## **1 Statement of Financial Activities: 2020**
|Notes
**Income from:**
2
Voluntary income
2(a)
Income from
Church activities
2(b)
Activities for
generating funds
2(c)
Investment
income
2(d)
Other incoming
resources
2(e)
**Expenditure on:**
3
Costs of
generating funds
3(a)
Church activities
3(b)
Net (outgoing)/
incoming
resources for the
year
Net gains/losses
on investments
7
**Net income**
**(movement in**
**funds)**
**Reconciliation**
**of funds**
Total funds
brought forward
**Total funds**
**carried forward**|Unrestricted
Funds
Restricted
Funds
Endowment
Funds
**TOTAL**
**FUNDS**
**2020**
**TOTAL**
**FUNDS**
**2019**
£
£
£
**£**
86,915
23,211
-
110,126
94,736
1,458
-
-
1,458
1,768
9,339
2,037
-
11,376
33,646
7,036
16,247
-
23,283
23,555
3,368
-
-
3,368
315|
|---|---|
||108,116
41,495
-
149,611
154,020|
||14,304
-
-
14,304
13,830
130,026
81,614
-
211,640
134,893|
||144,330
81,614
-
225,944
148,723|
||(36,214)
(40,119)
-
(76,333)
5,297
-
-
51,061
51,061
116,883|
||(36,214)
(40,119)
51,061
(25,272)
122,180|
||213,352
86,565
743,502
1,043,419
921,239|
||177,138
46,446
794,563
1,018,147 1,043,419|
The net incoming resources for the year all relate to continuing operations.
There were no recognised gains or losses other than the net movement in funds for the year.
12
**St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2021**
|**2**
**Incoming Resources**
**_(a) Voluntary income_**
Planned giving
Collections
Donations
Special appeal: SW Tower
Income tax recoverable
Grants
Legacies
_Sub-total_
**_(b) Income from Church activities_**
Parish fees
_Sub-total_
**_(c) Activities for generating funds_**
Fundraising for charities
Fundraising for PCC
Hall lettings and other income
Donations by users of Church
_Sub-total_
**_(d) Investment income_**
Dividends
Interest
_Sub-total_
**_(e) Other incoming resources_**
Sundry income
_Sub-total_
**TOTAL INCOMING RESOURCES**|2021
£
49,784
3,870
1,314
17,902
14,643
7,282
_10,500
_105,295_
1,396
_1,396_
1,673
-
16,468
___738
_18,879_
23,043
____96
_23,139_
2,403
_2,403_
_______
151,112
_______|2020
£
52,214
2,119
25,944
-
12,999
16,350
___500
_110,126_
1,458
_1,458_
2,037
-
9,139
___200
_11,376_
22,268
_1,015
_23,283_
3,368
_3,368_
_______
149,611
_______|
|---|---|---|
13
**St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2021**
|**3**
**Resources Expended**
**_(a) Costs of generating funds_**
Running costs and maintenance of Halls
Other
_Sub-total: Costs of generating funds_
**_(b) Church activities_**
_Charitable giving_
Grants to charities
_Ministry costs_
Parish contribution
Clergy expenses
Running costs of houses: Council tax
Running costs of houses: Other
Other ministry costs
_Upkeep of Churches and Churchyards_
Churches: Heating and light
Churches: Insurance
Churches: Other running costs
Churches: Quinquennial programmes and other
major repairs/improvements
Churchyards
_Upkeep of services_
Upkeep of services
_Mission and Outreach_
Local education/mission
Parish outreach
_Other expenditure on Church activities_
Independent Examiner’s fee
Other professional charges
Other expenditure
_Sub-total: Church activities_
**TOTAL RESOURCES EXPENDED**|2021
10,769
-
______
10,769
1,673
60,000
361
413
7,553
-
6,597
3,582
550
54,019
5,064
7,925
45
226
1,152
720
234
_______
_150,114_
_______
160,883
_______|2020
14,304
-
______
14,304
2,037
68,310
1,247
1,450
465
-
8,916
3,575
1,061
109,536
4,937
6,965
104
604
1,152
1,022
259
_______
_211,640_
_______
225,944
_______|
|---|---|---|
Included within the above figures are costs of the Parish Office: £1,132 (2020: £518). Expenditure on Halls includes major repairs costing: nil (2020: £2,584).
14
**St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2021**
## **4 Net (Outgoing) / Incoming Resources**
|Net unrestricted (expenditure)/income
Churches and churchyards
Halls
Net restricted (expenditure)/income
Net endowment (expenditure)/income
|2021
2020
(13,169)
(31,049)
5,699 (5,165)
(2,301) (40,119)
-
_____-
_(9,771)
(76,333)|
|---|---|
||_|
## **5 Staff Costs and PCC member transactions**
Staff costs, relating to an organist and a hall cleaner, overall amounted to £6,120 (2020: £6,993), of which £780 (2020: £780) was paid to Mrs S Ward for cleaning services. Receipts from HM Government’s Job Retention Scheme were £2,741 (2020: £4,016). Five members of the PCC have been reimbursed for supplies for the Church amounting in aggregate to £2,928 (2020: £1,599). The clergy have received reimbursement of expenses.
## **6 Creditors due within one year**
|Expenditure still to be paid by PCC
Charities still to be paid
Deferred income
TOTAL|2021
3,873
135
__358
4,366|2020
4,297
863
___38
5,198|
|---|---|---|
## **7 Fixed Assets - Investments**
||Permanent Endowments|Permanent Endowments|Sub-total|Expendable|Total|
|---|---|---|---|---|---|
||Investment|Fixed||||
||fund|interest||||
||£|£|£|£|£|
|_Market value_||||||
|31 December 2020|666,277|2,100|668,377|126,186|794,563|
|_Revaluation_|95,314|(140)|95,174|18,051
|113,225|
|_Market value_||||||
|31 December 2021|761,591|1,960|763,551|144,237|907,788|
The permanent and expendable endowments arise from substantial gifts to the Parish over many decades, and subsequent capital gains. Investment gains and losses are allocated to these funds.
The investment fund and expendable endowments are held in income shares in the CBF Church of England Investment Fund provided by CCLA Investment Management Limited (“CCLA”), and are valued at the CCLA’s price. The fixed interest part of permanent endowments is held in the CCLA’s CBF Church of England Fixed Interest Securities Fund, and is also valued at the CCLA’s price.
15
**St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2021**
## **8 Analysis of Net Current Assets by Fund**
This table excludes permanent and expendable endowment funds shown in note 7.
|Unrestricted
£
Restricted
£
PCC Reserves
20,543
-
Fabric Fund
48,133
2,675
Fabric Emergency Fund
16,974
-
St Wilfrid’s Fabric Umpleby
-
142
Special Projects
42,039
-
St Wilfrid’s Church Fund
-
41,328
Halls Maintenance
23,019
-
PCC Bank accounts
15,675
-
Halls Bank account
3,509
-
Debtors
4,142
-
Creditors
_(4,366)
-
169,668
44,145|Total
£
20,543
50,808
16,974
142
42,039
41,328
23,019
15,675
3,509
4,142
_(4,366)
213,813|
|---|---|
Debtors includes Gift Aid tax recovery due from HMRC: £2,500 (2020: £2,860).
Unrestricted funds are available for use at the PCC’s discretion. The PCC has chosen to designate funds as current reserves for unanticipated contingencies; for fabric works (both planned and emergency); for special projects (eg unrestricted legacies to be used for longerterm budgetary support); and for maintenance of the Halls. The purposes of restricted funds are set out in note 9(ii). Apart from the PCC and Hall bank accounts, all the funds are represented by deposits in CCLA’s CBF Church of England Deposit Fund.
## **9 Analysis of Restricted Funds**
## **(i) Income and Expenditure**
|
_(a) Permanent endowment_
_funds relating to:_
Fabric of St Wilfrid’s Church
13,023
Upkeep of Services
116
Clergy Expenses
1,152
Maintenance of Presentation
organ
152
Churchyards
2,030
_(b) St Wilfrid’s Church Fund_
_(c) St Wilfrid’s Fabric Umpleby_
_(d) Other restricted monies_
SW Tower repair donations
17,902
Fundraising for charities
1,673
Grants
__200
**Total Restricted**
|Income
£
Expenditure
£
Movement in the
Fund
£
10,348
2,675
116
-
1,152
-
152
-
2,030
-
16,473
13,798
2,675
10,024
15,000
(4,976)
-
-
-
17,902
1,673
-
__200
-
19,775
19,775
-
46,272
48,573
(2,301)
______
______
______|
|---|---|
Grants were for the maintenance of St Wilfrid’s Church clock.
16
**St Wilfrid's Parochial Church Council Financial Statements for the year ended 31 December 2021**
## **(ii) Balance Sheet: Restricted Funds – cash balances in CBF deposits**
|||Opening|Income|Expenditure|Closing|
|---|---|---|---|---|---|
|||balance|||balance|
|||£|£|£|£|
|St Wilfrid’s Church Fund||46,304|10,024|15,000|41,328|
|of which:||||||
|-|_Organ fund_|_4,440_|_-_|_-_|_4,440_|
|-|_Specific project bequest_|_-_|_10,000_|_-_|_10,000_|
|-|_Other_|_41,864_
|_24_|_15,000_|_26,888_|
|St Wilfrid’s Fabric Umpleby||142|-|-|142|
|Fabric|Fund: Restricted to|-|2,675|-|2,675|
|fabric|at St Wilfrid’s Church|||||
St Wilfrid’s Church Fund comprises legacies and donations restricted to use at that Church and interest on the fund balance. Income in 2021 comprised a legacy to be used for a specific project, together with interest on the fund balance. Expenditure was on tower repairs. The remainder of the donation for organ refurbishment (£4,440) is held within St Wilfrid’s Church Fund as a balance restricted to that purpose.
St Wilfrid’s Fabric Umpleby primarily held a legacy received in 2010, restricted to maintenance of the fabric of St Wilfrid’s Church, which is now almost entirely expended.
## **10 Listed Places of Worship Grant Scheme**
No income from the Scheme is included in these accounts in respect of VAT for repairs to St Wilfrid’s church tower which had not been received by end 2021, because such reimbursements of VAT are not an unconditional entitlement. If made, the reimbursement in 2022 would be up to £2,019.
## **11 Financial Commitments**
The Parish had no other material outstanding contractual commitments at the balance sheet date (2020: nil).
17