# **PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF CHRIST CHURCH, EATON, NORWICH Registered Charity Number 1130553**
**ANNUAL REPORT AND FINANCIAL STATEMENTS**
**FOR THE YEAR ENDED 31[ST] DECEMBER 2021**
**INCUMBENT Rev Dr P.H. Richmond**
**BANK Barclays Bank PLC.**
**PARISH OFFICE Church Lane, Eaton, Norwich, Norfolk, NR4 6NW**
0
## **PAROCHIAL CHURCH COUNCIL of the PARISH OF CHRIST CHURCH EATON TRUSTEES’ REPORT**
## **YEAR ENDED 31[st] DECEMBER 2021**
## **General**
The PCC is a registered Charity – Charity Number 1130553 – under the name:
## **Parochial Church Council of the Ecclesiastical Parish of Christ Church, Eaton, Norwich.**
## **Aims**
The aims of the Charity are to promote the Church Mission in the Eaton, Norwich, Norfolk area by maintaining the Church and engaging in charitable fund-raising work for the benefit of the local Church and also for the aims of the wider Church Mission. The PCC has considered the Charity Commission’s guidance on public benefit and tries to help people in the parish grow as disciples of Jesus Christ and in service to others. It maintains the building and keeps it open to the public throughout the year. **Accounts**
The accounts are set out on pages 3 to 7 in the format prescribed by the Church Accounting Regulations. These are designed to comply with Charity Commission Regulations regarding financial statements for an entity of this size.
**Treasurer’s Comments on the Accounts**
I returned to the PCC during December of 2021 in the role of Treasurer after a short break of a little over a year as Garry Wheatley had to step down for personal reasons. We thank Garry for his service and wish him all the best. The accounts were left in excellent order thanks to his efforts and the ongoing daily efforts of Sarah Barley in the Church Office.
The annual accounts are broadly similar to the previous year. Overall income in 2021 was nominally down compared to 2020, largely attributable to a single large donation during 2020, and lower income tax recovery during 2021. However, the effects of the pandemic have been mitigated with planned giving nominally up over the previous year. There was a nominal increase in overall church expenses from the previous year. Church renovation costs were down significantly as much work had been done in 2020. However, there was an investment of £10,129 in a sound system to better facilitate the Church services online. Two generous donations were made towards this.
Looking ahead, Christ Church has enrolled in the new Parish Giving Scheme to commence 2022 which replaces the current locally administered Planned Giving Scheme. The new scheme is administered by the Diocese and will benefit Christ Church by assuming the administrative burden and handling of planned donations and Gift Aid payments. I would like to thank Catherine Jefferies who has done a sterling job of administering the current Planned Giving Scheme for many years. The new Parish Giving Scheme (PGS) has been set up by the Diocese to help us best manage regular donations. It is run as a partnership between dioceses on a cost sharing basis. There is no direct cost to Christ Church. The main beneficiary of this scheme will be our church. Through your generous commitment, we can be assured of a regular, tax-efficient source of income which has the capacity and option to increase with the cost of living yet involves virtually no administration. Your gift will be passed back to our parish by the 10th of each month. Gift Aid will be received separately once the PGS has received it from HMRC.
## **Reserves Policy**
It is PCC policy to try to maintain a balance on free reserves equal to at least three months’ unrestricted payments. It is held to smooth out fluctuations in cash flow and to meet emergencies. The balance of the free reserves at the Year End was sufficient to meet this target.
1
## **Investment Policy**
The Council’s Investment policy is that of ‘Cautious Safety’ short term deposits. **Organisation**
The Trustees usually meet on a monthly basis at which all matters regarding the running of the Church and its finances are discussed. Functions are delegated to working groups as necessary and risks, both financial and physical, are discussed as a matter of course. We are reliant on the Internet as never before and on the website managed by Catherine Richmond. All the members of the PCC are Trustees and their responsibilities have been made clear to them.
The following served on the Council during the year 2021:-
|**Clergy**
**Reader**
**Wardens**|The Rev’d Dr Patrick Richmond
Mr Alistair Bolt
Mrs Bridget Archer
Mrs Vivien Humber
Mrs Catherine Jeffries|ex officio
ex officio
ex officio (resigned 10.5.2021)
Elected 2016 (ex officio)
Elected 2017 (ex officio)|
|---|---|---|
|**Deanery**
**Synod**|Mr John Harrison
(with PTO as Retired Reader)
Prof. David Scott
Mrs Vivien Humber
Mrs Catherine Jeffries
Mr Garry Wheatley**Treasurer**
Mr Tony Grubb**Treasurer**
Mrs Susan Mitchell**Secretary**
Mr Chris Mitchell
Mr Ian Parkes
Mr David Archer|Elected 2017 (ex officio) 2020-2023
Elected 2017 (ex officio) 2020-2023
2020-2023
8/2/2021-2023
Elected 29/04/2019 Resigned 8/11/2021
Co-opted 13/12/2021
Co-opted 30/04/2017 Elected
29/04/2018
Elected 29/04/2018
Elected 29/09/2020
Elected 29/09/2020|
||||
||Mr John Ladd|Elected 29/09/2020|
||Ms Caroline Gibbs|Elected 29/09/2020|
||Mr Peter Smith|Elected 29/09/2020|
||Mr Richard Middleton|Elected 29/09/2020|
Approved by the PCC on 3[rd] May 2022 and signed on their behalf by
Treasurer Tony Grubb Chairman Revd Dr. P.Richmond
2
## PAROCHIAL CHURCH COUNCIL OF THE PARISH OF CHRIST CHURCH EATON STATEMENT OF FINANCIAL ACTIVITIES
## FOR THE YEAR ENDED 31st DECEMBER 2021
|NOTE
INCOMING RESOURCES
2
Incoming Resources from Donors
2a
Other Voluntary incoming resources
2b
Income from Charity and ancillary trading
2c
Income from investments
2d
TOTAL INCOMING RESOURCES
RESOURCES USED
3
Grants and Donations
3a
Activities directly relating to the work of the churches
3b
Church management and administration
3c
TOTAL RESOURCES USED
NET INCOMING/OUTGOING RESOURCES
NET MOVEMENT IN FUNDS
Balances brought forward 1st January
Funds Transferred
Balances carried forward
at 31st December
FUNDS BALANCES
page
General Fund
7
Cottage Fund
7
Hall Fund
7
Restricted funds
Organ Fund
7
Friends of CCEPCC
7
Burial Ground Fund
7
Renovation Fund balance
Windows
7
Bell Tower Fund
7
Childrens Fund
7|UNRESTRICTED RESTRICTED
FUNDS
FUNDS
General
£
£
80,685
300
-
6,615
23,547
-
6,861
-|2021
2020
£
£
80,985
98,863
6,615
4,267
23,547
16,362
6,861
7,646
TOTAL FUNDS|
|---|---|---|
||111,093
6,915|118,008
127,138|
||2,656
-
107,331
130
13,248
-|2,656
1,580
107,461
105,346
13,248
12,776|
||123,235
130|123,365
119,702|
||12,142
-
6,785|5,357
-
7,436|
||12,142
-
6,785|5,357
-
7,436|
||121,965
9,627
109,823
16,412|131,592
124,156
-
126,235
131,592|
|||65,143
97,343
14,631
9,154
30,049
15,468|
|||109,823
121,965|
|||3,488
3,617
11,592
4,678
50
50
-
782
782
500
500|
|||16,412
9,627|
|||126,235
131,592|
Page 3
## PAROCHIAL CHURCH COUNCIL OF THE PARISH OF CHRIST CHURCH EATON BALANCE SHEET
FOR THE YEAR ENDED 31st DECEMBER 2021
|**NOTE**
**FIXED ASSETS**
Tangible fixed assets
**CURRENT ASSETS**
Debtors and prepayments
Short term deposits
Cash and Bank
**LIABILITIES**
Amounts falling due within one year
14
**NET CURRENT ASSETS**
**NET ASSETS**
**FUNDS**
Restricted Funds
page 3
Unrestricted Funds
General Fund
page 3
Cottage Fund
page 3
Hall Repair Fund
page 3
15|**£**
**£**
**£**
**£**
0
0
5,364
5,200
30,859
30,842
100,129
106,820
136,352
142,862
10,117
11,270
126,235
131,592
**126,235**
**131,592**
16,412
9,627
65,143
97,343
14,631
9,154
30,049
15,468
**126,235**
**131,592**
**2021**
**2020**|**£**
**£**
**£**
**£**
0
0
5,364
5,200
30,859
30,842
100,129
106,820
136,352
142,862
10,117
11,270
126,235
131,592
**126,235**
**131,592**
16,412
9,627
65,143
97,343
14,631
9,154
30,049
15,468
**126,235**
**131,592**
**2021**
**2020**|**£**
**£**
**£**
**£**
0
0
5,364
5,200
30,859
30,842
100,129
106,820
136,352
142,862
10,117
11,270
126,235
131,592
**126,235**
**131,592**
16,412
9,627
65,143
97,343
14,631
9,154
30,049
15,468
**126,235**
**131,592**
**2021**
**2020**|**£**
**£**
**£**
**£**
0
0
5,364
5,200
30,859
30,842
100,129
106,820
136,352
142,862
10,117
11,270
126,235
131,592
**126,235**
**131,592**
16,412
9,627
65,143
97,343
14,631
9,154
30,049
15,468
**126,235**
**131,592**
**2021**
**2020**|
|---|---|---|---|---|
||136,352||142,862||
||10,117||11,270||
||||||
|||**126,235**||**131,592**|
|||16,412
65,143
14,631
30,049||9,627
97,343
9,154
15,468|
|||**126,235**||**131,592**|
Approved by the Trustees on 16th April 2022 and signed on their behalf by:-
Chairman Rev'd Dr. Patrick Richmond Treasurer Tony Grubb
The notes on pages 5 to 7 form part of these accounts
Page 4
## **PAROCHIAL CHURCH COUNCIL of the PARISH OF CHRIST CHURCH EATON NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31st DECEMBER 2021**
## **1 ACCOUNTING POLICIES**
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable current accounting standards and the Charities Act and SORP; under the historical cost convention. They are designed to comply Charity Commission Regulations regarding financial statements for an entity of this size.
## FUNDS
General funds represent the funds of the PCC that are not subject to 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 unrestricted.
Restricted Funds are sums of money that are held in trust for particular purposes and can only be spent on those purposes. The accounts includeinclude all transactions 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.
## INCOMING RESOURCES
Voluntary Income and Capital Sources
Collections are recognised when received by or on behalf of the PCC.
Planned giving receivable under covenant is recognised only when received. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due.
Funds raised by Fetes, Garden Parties and similar events are accounted for gross.
Sales of Books, and magazines from Church bookstall are accounted for gross.
Other Ordinary Income
Rental income from the letting of Church premises is recognised when the rental is due.
Income from Investments
Interest is accounted for when receivable; any recoverable tax is accounted for in the same year.
## RESOURCES USED
Consecrated Land and Buildings and Movable Church Furnishings
Consecrated and beneficed property is excluded from the accounts by S.96(2)(a) of the Charities Act 1993. No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities.
Other Fixtures, Fittings and Office Equipment
Equipment used within the church premises is depreciated over 4 years when capitalised. Individual items of equipment with a purchase price of £1,000 or less are written off when acquired.
## CURRENT ASSETS
Amounts owing to the PCC at 31st December in respect of fees. rents or other income are shown as debtors less any provision for amounts that may prove uncollectable.
Short Term Deposits include cash held on deposit either with CBF Church of England Funds or the Bank.
## FUNDS OPERATED
The PCC operated various funds during the year as follows: General Fund Unrestricted To fund the general running and maintenance costs of the Church and PCC. Cottage Fund Unrestricted / Designated Funds set aside for Running costs; maintenance and major repairs. Parish Hall Fund Unrestricted / Designated Funds set aside for Running costs; maintenance and major repairs. Restoration (Windows) Fund Restricted Donations received for projects beyond general expenditure. Organ Fund Restricted To fund Organ Replacement Church Renovation Fund Restricted Donations received for renovation works Bell Tower Fund Restricted Donations received for renovation works Burial Fund Restricted Donations received specificaly for Burial costs. Friends of CCEPCC Restricted Fund Raising for projects to be designated by the Friends.
Page 5
## PAROCHIAL CHURCH COUNCIL OF THE PARISH OF CHRIST CHURCH EATON NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31st DECEMBER 2021
|2 INCOMING RESOURCES
2a Incoming resources from Donors
Planned Giving
Income Tax Recovered
Collections at all services
Sundry Donations
2b Other voluntary resources
Legacies
Friends of CCE
2c Income from charitable and ancillary trading
Church hall lettings etc.
Church hire fees
Other income
Fees
2d Income from investments
Cottage Rent Receivable
Bank interest
**TOTAL INCOMING RESOURCES**
3 RESOURCES USED
3a Grants and Donations
Donations to nominated charities
3b Activities directly related to Church work
Ministry: Parish Share
Pastoral Expenses
Service Costs - Organ & Choir Expenses etc.
Church - running expenses
Church Renovations
Sound system
Social Activities
Children and Young people
Holiday Club paid from Group income
Church hall running costs
Cottage running costs
3c Church Management and Administration
Office costs
Office costs paid from Group income
Independent Examiner's Fees
Bank charges
**TOTAL RESOURCES USED**
4 TRUSTEES REMUNERATION|UNRESTRICTED
RESTRICTED
FUNDS
FUNDS
£
£
55,053
12,857
300
2,560
10,215
80,685
300
6,615
-
6,615
18,038
570
2,171
2,768
23,547
-
6,836
25
6,861
-
111,093
6,915
2,656
-
2,656
65,629
776
5,529
130
11,185
7,337
10,129
936
956
3,031
1,823
107,331
130
11,684
1,200
364
13,248
-
123,235
130|2021
2020
£
£
55,053
53,279
13,157
20,113
2,560
5,536
10,215
19,935
TOTAL FUNDS|
|---|---|---|
|||80,985
98,863|
|||-
6,615
4,267|
|||6,615
4,267|
|||18,038
14,250
570
2,171
528
2,768
1,584|
|||23,547
16,362|
|||6,836
7,384
25
262|
|||6,861
7,646|
|||118,008
**127,138**|
|||2,656
1,580|
|||2,656
1,580|
|||65,629
65,419
776
1,051
5,659
5,774
11,185
13,621
7,337
16,982
10,129
-
161
936
201
956
3,031
1,779
1,823
358|
|||107,461
105,346|
|||11,684
11,285
-
25
1,200
1,200
364
266|
|||13,248
12,776|
||||
|||123,365
119,702|
||||
No Trustees received any remuneration or benefits during the year.
Page 6
PAROCHIAL CHURCH COUNCIL OF THE PARISH OF CHRIST CHURCH EATON NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR TO 31st DECEMBER 2021
|**5 COLMAN ROAD COTTAGE FUND**
Opening Balance
Income - Rent
Expenditure
Closing Balance
**6 PARISH HALL FUND**
Opening Balance
Transfers to-/ from General Fund
Income - Hall Hire
Expenditure
Closing Balance
**7 CHURCH WINDOWS FUND**
Income restricted fo
Opening Blance
Income
Transfer
Expenditure
Closing Balance
**8 ORGAN FUND**
Income restricted fo
Opening Balance
Income
Expenditure
Closing Balance
**9 CHILDRENS FUND**
Opening Balance
Income
Donations
Expenditure
Closing Balance
**10 BELL TOWER FUND**
Income restricted to
Opening Balance
Income
Donations plus tax r
Expenditure
Closing Balance
**11 BURIAL GROUND FUND**
Income restricted to
Opening Balance
Income
Expenditure
Closing Balance
**12 FRIENDS OF CCEPCC**
Fundraising Fund
Opening Balance
Income
Expenditure
Transfer
Closing Balance
**13 STAFF COSTS**
Wages and salaries
Pension costs
**14 LIABILITIES - amounts falling due within one year**
Accruals
Other Creditors
**15 ANALYSIS OF NET ASSETS BY FUNDS**
Current Assets
Current Liabilities
**FUND BALANCE**|r restoration of church windows
r restoration of church organ
fund Bell Tower Renovation costs.
ecovered
Burial costs
Unrestricted
Restricted
Funds
Funds
119,940
16,412
10,117
-
-
109,823
16,412
2021|**2021**
**2020**
**£**
**£**
9,154
2,128
6,826
7,384
1,349
-
358
-|
|---|---|---|
|||14,631
9,154|
|||15,468
2,997
-
17,468
14,250
2,887
-
1,779
-|
|||30,049
15,468|
|||2,119
18
2,137
-|
|||-
-|
|||3,618
3,618
-
130
-
-|
|||3,488
3,618|
|||500
500
-
-|
|||500
500|
|||782
782
-
-|
|||782
782|
|||50
50|
|||50
50|
|||4,678
148
-
6,914
4,851
25
-|
|||11,592
4,678|
|||9,942
9,652
82
305|
|||10,024
9,957|
|||1,200
1,200
8,917
10,070|
|||10,117
11,270|
|||Unrestricted
Restricted
Funds
Funds
133,235
9,627
11,270
-
-
2020|
|||£121,965
£9,627|
Page 7
THE CHURCH
OF ENGLAND
Diocese of Norwich
Independent ExamineF.;
Report to the trusteesl members of:
On accounts for the year ended:
Charity no (rf any):
ej ¥¥3
I report to the trustees on my examination of the accounts of the above charity (Ihe Trust.) for the
year endedll I ITJ
Responsibilities and basis of report
As the charity's trustees, you are responsible for the preparation of the accounts in accordance with
the requirements of the Charitses Act 2011 (Ihe Act").
I report in respect of my examinats'on of the Trust's accounts carried out under section 145 of the 2011
Act and in carrying out my examination, I have followed all the applicable Directs"ons given by the
Charity Commission under section 145(5)(b) of the Act.
Independent examinerfs statement
tThe charity's gross income exceeded £250,000 and l am qualified to undertake the examination by
being a qualified member of l NCQ
]]. Delete [] if not applicable.
I have completed my examination. I confirm that no material matters have come to my attention in
connection with the examination (other than that disclosed below ") which gives me cause to believe
that in, any material respect:
the accounbng records were not kept in accordance with sectson 130 of the Charities Act; or
the accounts did not accord with the accounting records; or
the accounts did not comply with the applicable requirements concerning the form and content of
accounts set out in the Charikn'es (Accounts and Reports) Regulats'ons 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 examinab"on.
I have no concems and have come across no other matters in connection with the examination to
ich attention should be drawn in this report in order to enable a proper understanding of the
accounts to be reached.
. Please delete the words In the brackets If they do not apply.
Signed:
Date:
IL15
Name:
IER
Oct 2018
Relevant professional
qualification(s) or body
(if any)
fccK
Address:
Section B
Disclosure
Only complete if the examiner needs to highlight material matters of
concern (see CC32, Independent examination of charity accounts: directions
and guidance for exarniners).
Give here
brief
details of
any items
that the
examiner
wishes to
disclose
IER
Oct 2018