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ST JAMES PAROCHIAL CHURCH COUNCIL
Unrestricted Restricted
RECEIPTS AND PAYMENT ACCOUNT Funds Funds Total 2021 Total 2020
for the year ended 31st December 2021
INCOMING RESOURCES
Voluntary Income 95,091 18,042 113,134 142,410
Investments & Fees 3,441 0 3,441 2,330
Fund Raising 0 0 0 0
98,533 18,042 116,575 144,740 144,740
-128,186
16,554 % decrease 11.44%
RESOURCES EXPENDED
Mission, Evangelism & Charitable Donations 6,309 1,626 7,935 18,884
Church Activities 76,558 23,201 99,759 96,923
Major Capital Expenditure 575 575 0
Total Resources Used 83,442 24,827 108,269 115,807 115,807
-107,774
8,033 % decrease 5.16%
Excess of (Payments over Receipts/Receipts over Payments ) 15,091 -6,784 8,306 28,933
Unrealised Gains/(Losses) on investments 5,292 0 5,292 2,576
Balances brought forward at 1st January 124,417 23,708 148,125 116,616
Balances carried forward at 31st December 144,799 16,924 161,723 148,125
ST. JAMES PAROCHIAL CHURCH COUNCIL
BALANCE SHEET AT 31st DECEMBER 2021
2021 2020
Current Assets
Movement
Investments 46,810 39,783 7,027
CBF Deposit Account 643138001D+643138002D 4,348 4,346 2
Cash at bank:
Current Account 123,096 110,490 % decrease 15.96%
Cash in hand 150 150
Totals 174,404 154,773
Less creditors 574 6648 173,820
173,830 148,125 -148,125
[ 25,695
FINANCED BY:
Funds:
General fund 127,181 95,342 General Fund £127,181 (increase 14,852 and 5,259 the Mission spend undertaken in 2021)
Restricted fund: 114,453
Edge Community 26,426 33,570
Unrestricted Designated funds:
Mission and Charity Fund 13,449 11,648 Rod's email 15.04.22 Figures reflect the Mission spend undertaken in 2020 (14,852), currently shown as deducted from the General Fund.
Organ fund 1,805 1,805
Tower room roof 1,500 1,500
Fabric 1,250 1,250
Knights 50 50
Revive 0 150
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Childrens Work (incl Squiggles and Wiggles) 2,851 2,810
173,821 148,125
Approved on behalf of the P.C.C.
JASON REID
Other income see page
January 2021
NOTES TO THE ACCOUNTS (PAGE 14)
INCOMING RESOURCES Other income =
Non-tax efficient giving
Unrestricted Restricted
Voluntary Income Funds Funds Total 2021 Total 2020
Tax efficient planned giving 47,668 7,677 55,345 56,639
Income tax recovered 25,096 1,093 26,189 29,758
Collections at services 12,904 120 13,024 5,194
Other non recurring giving 4,422 1,287 5,710 29,895
Grants 5,000 4,125 9,125 6,060
Other income 3,740 #VALUE! 14,864
95,091 18,042 113,134 142,410
Additional Income
Income from investments 1,737 0 1,737 1,127
Fees 1,704 0 1,704 1,203
3,441 0 3,441 2,330
Totals 2021 98,533 18,042 116,575 144,740
Unrestricted Restricted
RESOURCES EXPENDED Funds Funds Total 2021 Total 2020
Church Actvities
Parish share/freewill giving 56,000 56000 54,000
Salaries and Honoraria 1,692 17,961 19,653 16,361
Staff expenses & housing 1,788 5,240 7,028 7,281
Church running expenses 9,752 9,752 11,664
Hall running expenses/cost of trading 7,326 7,326 7,617
Governance/Administration 0
76,558 23,201 99759 96,923
Investments
Client no. 643138
The PCC hold 1998.89 (2020=1945.69 ) shares in the C.B.F Church of England Investment Fund a/c no. 643138002S
The market value of these shares as at 31st December 2021 is £46,810 (2020- £39,782).
These shares are shown at Market Value in the Balance Sheet rather than original cost. An adjustment
has therefore been necessary:
£ No of shares 2021
Cost of shares 1st January 2021 19,978 1,945 31/12/2020 No Cost
Mar 14.02 [1] 286.36
New shares acquired in year at cost 1,168 53 June 13.61 288.38
21,146 Sept 12.58 290.49
Dec 12.99 303.16
1,998 53.20 1168.39
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Add 2020 dividends
Market value of shares as at 31st Dec 2021 46,810 June 14.40 280.33
December 14.72 286.41
Less cost of shares acquired in year 1,735 82.32 1735.13
45,075
Market value of shares as at 31st Dec 2021 39,783
Revaluation surplus 5,292
EDGE COMMUNITY PROJECT General Fund Check
General Fund bfwd
Included within "restricted funds are amounts relating to the Edge Community Project as follows: add Total Unrestricted income 97,095.70 97,096
2021 2020 2019 2018 2017 2016 2015 add PCC Restricted
Income 97,096
Less Unrestricted expenditure 83,442
Tax Efficient Planned Giving 7,677 8,809 7,068 10,780 10561 17,535 23917 13,653
Income Tax Recovered 1,093 4,641 2,565 2,884 3,003 Add Investments (current year)
Grants received 3,825 6,060 8,100 7,348 25225 3,175 5007 Add Shares (current year) 46,810
Other Income* 5,087 16,000 4,980 4,764 4273 6,407 8988 Less Investments (from previous year) December
17,682 35,510 22,713 25,776 40,059 30,120 37,912 Less Shares (from previous year) -40,426
117,133
less Edge -1875
Expenditure 2021 2020 2019 2018 2017 2016 2015 115,258
Church Army 17,961 16,361 22,585 26,401 17,389 22,190 34,955
Other costs 5,240 5,786 1,653 7,557 14,921 6,965 8,037
Activity costs 1,626 3,319 1,748 251 1,577 8,942 5,541
24,827 25,466 25,986 34,209 33,887 38,098 48,533 At current burn rate, funds will last for 1.346167442 months
Excess of (Payments over receipts) -7,144 10,044 -3,273 -8,433 6,172 -7,978 -10,621
Internal transfer from PCC 6861
Balance brought forward on 1st January 33,570 16,665 19,938 28,370 22,199 30,176 40,798 33570
-26,426
Balance carried forward on 31st December 26,426 33,570 16,665 19,938 28,370 22,199 30,177 7144
Restricted funds include grants from a range of charitable sources towards the
Edge Community project. These are as follows:
Grants received: 2021 2020
Mr Willats' Charity 0 2,500
Audus Trust 1,325 1800
Selby DC 2,500 500
Evangelical Trust grant 0 1,260
3,825 6060
Free Reserves
2021 2020 B/fwd 2020 66,755
Children's account (Squiggles & Wiggles) bfwd 2810 2,810 Plus unrestricted income 106,557
Audus Trust Christingle 360 Plus restricted income
Vickie Beech -301 -262 Less unrestricted expenditure -69,526
Other Children's supplies -185 -210 Less restricted expenditure
Balance cfwd 2684 2338 Investments 1,789
Less Mission giving -5,259
100,316
Unrestricted Restricted
reserves reserves Total 2021 Total 2020
Restated
Free reserves
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General Fund 127,181 127,181 95,342
Mission and Charity Fund 12,521 * 928 13,449 11,648 * 11,648 (2020)+6,476 (2021 allocation)--5,259 (2021 spend)
Edge 6,861 19,565 26,426 33,570
Tower Room Fund 0 1500 1,500 1500
Fabric 0 1,250 1,250 1,250
Revive 0 0 0 150
Roof Fund 0 0 0 0 Note, with Edge and Charity, need to decide at what rate res and unres reserves are spent ie
Children (incl Squiggles) 0 2,684 2,684 2,810 expenditure £ for £ spent evenly, unrestricted first, restricted first?
Knights of St James 50 0 50 50
Unrestricted designated reserves:
Organ Fund 1,805 0 1,805 1,805
148,418 25,927 173,821 148,125 Reserves calculation
Note - must agree to asset total 173,821 148,125
The PCC agreed to transfer to the same charities as 2020.
The amounts to be transferred would be determined in 2022. 38,840
This would include Edge where a new system of funding wil be discussed in a PCC meeting following the 2021 AGM in April 2022
ST. JAMES PAROCHIAL CHURCH COUNCIL
NOTES TO THE ACCOUNTS
for the year ended 31st December 2021
Mission and Charity Account
The PCC maintains a policy of giving a percentage of income to support mission outside of
the parish boundary. The account enables that work to be financially managed and
supports distribution of grants. The
Income
Tax efficient planned giving
Income tax reclaimed
Donation from PCC
Other Income
Expenditure
Grants distributed
Excess of (Payments over receipts)
Balance brought forward on 1st January
Transfer to PCC account
Balance carried forward on 31st December
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111 Rod Peet: