THE PAROCHIAL CHURCH COUNCIL OF
THE ECCLESIASTICAL PARISH OF
ST MICHAEL LE BELFREY WITh ST CUTHBERT, YORK
(registered charity no. 1130866)
ANNUAL REPORT AND FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2021

CONTEKrs
Page(s)
Annual Report of th8 Parochial Church Council
1-12
Independent Auditors. ReFK)rt
13-15
Statement of Financial Actiirytses
16
Balance Sheet
17
Cash Flow Statement
18
Notes to the Flnanclal Statements
19-31

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST
MICHAEL LE BELFREY ￿TH ST CUTHBERT, YORK
ANNUAL REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
The Parochial Church Council {PCC) has pleasure in presenting its Report together with the
Finan￿al Stalemen15 for the year ended 31 December 2021.
The financial statements have teen prepar&1 in acc(Ydance *ryth the Statement of
Recommended Practice: Accounting and ReFrfXting by Charities weparing their financial
statements in accordan￿ with the Finanual Reporting Standard applicable In the UK and
Republic of Ireland {FRS 102) effecttve 1 January 2019. the Charities Act 2011, the Church
Accountlng Regulations 2(K16 and UK Generally Accepted Practice as it applies from 1
January 2015.
The PCG is a Public Benefft Entty.
OBJECTIVES AND ACTIVMES
St Michael le Belfrey Church Counctl (PCC) is responsible. ￿ryth the Wicar Imatthew Porter) for
good governance of the Chur(*.
Over the last 12 monlhs the church - often known as Ihe Belfrey - has continued to sustain
and develop its ministry and mission, aimirKJ to be serving God s transfonnation of the North
through everything we do. atKI now with even greater purpose and darity as we have INed
through Covt&19.
2021 saw the launch of our Five Year Roadmap. This surnmarises our plans and hopes for
the coming few years from 2021-2026. It darf￿5 our five key aims - serving York, making
disciples, nurturing disciples. developing leaders and planting churches. It was these fve aims
that particularty informed our actiwties, our prayers and our preathlng during the year 2021.
The Leadership Team and Churth Council believe that rf ￿￿ prayerfully do thes8 thlngs, viith
the help of G(Kl. then the impad on our city and regi¢)n will be greaL
Our major reordering arK5 repair projed. krmwm as Impact. is crucial to the fu￿11Merrt of the
Belfrey's vision and mission. Encouraging prcMJress was made in 2021 on design and on
consultation wth stakeholders. desptte the challenges of the pandemic. 2022 wll be a key
year as we seek to obtain faculty and planning pe￿isS￿)n and assemble all the necessary
resources to embark on the construction stage.
When consideriThJ the obje(aives of the charity the trustees have referred to the guidan
contained in the Charity Commission's general guidanc£ on public benefft. Thls report will
highlight some of the pU￿￿C benefit of St Michael le Belfrey Church.
ACHIEVEMENTS AND PERFORMANCE
Church attendance
St Micha8118 Belfrey has a simple gathering structure of [w￿regatiOnS and groups. t￿ring
2021 we had 4 weekly services (on Sundays, meeting in St Michael le Belfrey Church or online
at 9am, 11 am and 6pm,. and on W￿nesdays. at 12.30pm when not in lockdown). In the early
part of the year, in-person Sunday servbces were temporarily replaced with live-str8amed
servi￿, due to national emergency regUlat￿n$. ThroughoLrt 2021 VR had approximately 40
midweek small groups, known as Belfrey Groups.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST
MICHAEL LE BELFREY ST CUTHBERT, YORK
ANNUAL REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
At the Annual Meeting 2021 Ihere were 445 people on the church electoral roll (plus a further
66 at G2, a churd) begun by us in 2004, still legally under our govemance). making the total
511. The average weekly atiendance during October 2021 ￿￿5 543 fr(congregations meeting
In St Michael le Beffrey Church, and 314 for onlineltelephone linkups. making a weekly totsl
of 857. (Please note this is based on data for Ihe monlh of Octobgr only.)
Professlons offalth, baptlsm. and confimiation are importantto us a5 public marks offollovAng
Jesus Christ. With many serwces held online in 2021 it was hard for us to gauge resrK)nses
but nevertheless we know of at least 21 professN)ns of fatth. At times we were restricted in our
ability to baptise but despite this ￿ (x)ndu(*ed 9 re-affirmations of baptismal faith. and
baptised 6 infants and 13 adults.
Publ1¢ Benefft Revlew of the year
Communty
The dergy ar¥J staff team have continued to serrf8 rn)t just the pewe of the Belfrey l)ut also
the wider community. With many struggling in 2021 due to the effects of the pandemic. it is
Important that (xjr church does all it can to support vulnerable and disadvantaged people. With
the consent of the an0n￿ouS donor(s} behind our Northem Church Hanting Fund. in 2021
we agreed, along third￿arty scxutiny. to re-allocate £1 m of funds from the fund, in order
to establish a Love York Post-Pandemic Fund held by the PCC. This Fund will support mission
and s￿[al action initiatNes which the church considers strategic as we serve York and seek
to be serving G(Kl's transfomiation of the North. In August, Alison Daw50n vrds employed as
our Social Action Prcgramme Manager to head this work. 5UPPOrted by thks new fund. Alison
has begun work on the Swal Action Programme by researching the current needs and
provision In York, In Ihree focus areas of Poverty, Mental Health. and Youth and Families, to
identify gaps and opportunities. Ajongside this she has started to build a nets*￿1k of links with
churches. charities and organisation5 suth as City of York Council and York CVS, to see
where we can align new social action work wth what is already going on in th8 city. We wer8
also eX￿ted to join the Love Your Neighbour campalgn, thanks to Tony Holmes, service as
our volunteer Social Adton Coordinator.
When not in lockdown, St m￿hael le Belfrey Church has been open daily most V￿eks,
welcoming 24.000 visitors to come in and discover somethirKJ of our heritage and to hear
stories of falth today. Our Y￿rth and chiklren's team provided groups and support fcy a wid8
range of young people and children inside and outside the church. We also served homeless
and vulnerable members of our city through Lets Cook, teaching cookery skills and providing
a weekly hot Tneal in the Bewrey Hall. Welcome lunches resumed at the vicarage in
September, to welcome newcomers to the Belfrey. The senior staff are able to give up to 10%
oftheir time to the Diocese of York or to assisting other churches and to the Newwine ne￿Ork
of churches. We continued to invest in running Alpha courses, led by Vicky Earll. which
provided space for those exrAoring faith to find answers to their questions. We continue to
believe that helping people find faith in Jesus Christ is the greatest public benefft that we can
provide.
Buildings
St Michael le Belfrey arKJ St Cuthbert's Church (our House crf Prayer) are significant buildings
which we value very much and have continued to mainiain and upgrade under the guidance
of our Facilities Manager. Rob Hill, to assist us in our mission and ministy and as part of our
heritage. St Cuthberys in particular had a new ￿tchen installed in 2021. Plans for the

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST
MICHAEL LE BELFREY ￿TH ST CUTHBERT, YORK
ANNUAL REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
renovation and redev8lopment of St M]d￿e1 le Beffrey Church continued as we met with Ihe
DNesan Adwsory Commttiee (DAC) and her11￿e groups to progress our plans. The church
also owns the Belfrey Hall. and houses at 13 Hempland Drive arml 28 Langdale Avenue. It
nted Ihe Parish Centre (11112 Minster Yard) from York Minster as church offices. It rented
various buildings to hous8 intems. St Michael le Belfrey Church, St Cuthberfs Church and the
Belfrey Hall were. outside of lockdown. used most days, not just for worship and prayer. but
also for meetings. concerts. theatre productions arKI as a home to the Yorkshlre Bach Cholr.
We provided office space in the Parish Centre for G2 and Fusion, and other churches use our
photocopler to produce their newsletters.
Money
Sl Michad le Belfrey is a not-profit4naking. charitable organisation and V￿ see all financial
provision as money for mission and ministy. Our income was £903,056 of which £174,533
was restricted. Not only wa5 Ihis mney used to pay our staff and to fund various aspects of
church lrfe, but much vrds given away. espeually to vamus bng-tem Mission Partners in
York, the UK and abroad. We support the Iixal Diocese. ￿ntributing £182,636 in 2021 which,
after supporting our full-time stipendiary dergy posts, supports the DI0￿Se of York in its wider
mission in other churches, schools. and a breadth of communities, rural and urban.
PeO￿e
People are the key resource of the churth. be(wse thurch is first and f(Kemost wple. The
PCC would like to thank all the paid arKI voluntary staff who have contributed so much over
the year. In 2021 we said goodbye to Beth Burbidge. Jad( Chipperfield, Dave Kelsall, Luke
Porter and Emma Perkins, the kqtter leaving to prepare for the church planvrevitalisation in
early 2022 at Holy Trinity Heworth. We welcomed 6 new M￿be[S of staff - Wayne Cadman,
ison Dawson, Issy Ftynn. Jarnes Hayden, Becca Hewitt and Charle5 Walters. Abbie Bright.
Tony Holrnes, Alex Male and Rebe￿8 Smith and Hannah Betteridge joined our staff team as
slgnfficant volunteers. Also. G2 said gocmjbye to Adam Mitchell-Baker, Lydia Brehm. Ben Paul
and Christian Selvaratnarn and wekxmed Toby Spaxman. and Hannah Smith into her new
role leading G2.
ImpaGI
St Mlchael le Belfrey church is investing in a 1£9m repair and re(￿dering project called Impact
vthich will ￿ the first majcrf development in over 150 years. The vision for creating a
welcoming, accessible and flexible space Nthin this beauliful and h￿torical Church building
remains as relevant now. having INed through the Covid-19 glo￿ pandemic, as it was Iwo
years ago. The Belfrey contlnues to share the Christian faith, seNe Its community and
welcome visitors both as a physi(a presence and hawng seen sYJnificant growth in ils online
presence through crealive use of live streaming and social media. The reordered church
building will supwrt the Belfreys five aims of Serving York. Making DisciFAes, Nurturing
Disciples, Developing Leaders and Planting Churthes.
This year has seen a dear shift in support as the Impact board ￿ntinUed to consult with key
Stakeholders understand better the Belfrey's Justifi￿tion for the Project. The relallonship
with the sutrpcommittee of the DAC has developed as a 'critical friend. to the Parish and the
Project.
A letter from the Church Buildings Counul in Juty 2021 recognised the significant design
progress made and was able to make the link that vknere proposals might result in Soss of
historic fabric, it was "necessary for the parish to have a scheme that vlll deliver its needs".

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST
MICHAEL LE BELFREY ￿TH ST CUTHBERT, YORK
ANNUAL REpoKf AND FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
Historic England's latest advi￿ letter received in D8cemb8r recognised the efforts the Belfrey
has made lo engage stakeholders and ￿at the current proposals are a much stronger
response to the building than the original proposition."
In October an Infonnatton update and Partners evening was hekl. inmting city stakeholders
including the Lord Mayor. counallors. indiwduals and businesses in the cty to share our plans,
generate interest and bulld relatlonshlps. This will be important as we submit our planning
applicatK)n in 2022 when we can expect significant interest in our submission.
Signfficant design devebpments induded:
Careful design development an accessible west end wth tsyo new subservient
openings to the main d￿r and accessible landscaping to complement the exlernal
appearance of the buildlng and sensitmty of setting
Construction of a beauttful contemporary designed acc8ssibl8 gallery with a lift using
glass and malerials to render it unobtrusive
Creating an attr&aive accessible link to 12 Minster Yard via the current vesty to
prowde qualty meeting rooms, more knlets and refreshment faalities
A centrally located baplism pod ￿ the potential for a hydraulic floor Tnaking Ti
accessible for people mobli ity impairments and modular st4ing ￿lch can be
used for a var*ty of confKJurations then stored to Ihe sKles vthen not in use
Careful thought has been glven to developtng an Operating M(MJel for the Belfrey that wll use
the Reordered building to optimum capacty. This complements the Five Year Road Map
(2021-2026). arKI translates into St Michad le Belfrey being the heart of a wide variety of
worship, ministries, actimties and srKial action happening in the ¢ity ￿ntre. Examples of
elements of this Operating ￿￿e1 are: frequent e(￿MeniCal Apha Courses being hosted in the
building for those ewloring Christianity, our baptism pool being used multiple times a month
by both the Belfrey congregations and Msiting local churches,. and the Belfrey blessing the city
of York and the V*4der region with a flexible, beautiful and accessible venue wth a capacity of
550.
Consuttation through 1ntsrWe￿. f(￿￿ groups and a survey tocth ￿ace wth church memb8rs
and external contacts to develop a C￿nprehenSrVe picture on accessibility needs. This
included those with, or representing people wth, physical conditsons, intellectual disabilities
and learning ￿￿￿ltieS as V￿11 as physical disability to erwre the designs being devèlopèd
are the best they can ￿ to offer Access for All.
In the autumn 2021. a sub gr￿p of the Impact Board and the Design team Carried out a
detailed Value Engineering exercise to contain the costs bMthin the Prqect Budget. The Belfrey
Community were consumed in November and much of the Developed Design supported by
the Parish, notvAthslanding rewsions to complete on the 12 Minster Yard link.
2021 has been a crttir21 year in design development alongside a￿rtaInIng the position of key
stakeholders so V•E can submit the best planning and faCu￿Y applications in 2022. In 2022 we
will also be working to ensure that we have all of the ne￿$sary financlal and other resour
to initiate the construction stsge.
Church Planting
St Michael le Belfrey is a ￿ourCe church, seeking to gNe time, energy and people to our
Diocese and region in a variety of ways, espeaally through church planting, as part of the

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST
MICHAEL LE BELFREY ￿TH ST CUTHBERT, YORK
ANNUAL REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
Diocese of York's Muthply strategy. We were fvsed in 2021 to make plans to send Mike and
Emma Perknns and Ot￿r$ to revitalise the parish of Hoty Trinity in Heworth from January 2022.
supported by our Northem Church Planting Fund vthich vras established in 2020 to help
support dwrch planting and remtalisation across the North.
During 2021 the Belfrey continued to provide support to G2 in their mission and ministy. G2
have a Bishop's Mis￿on Order (BMO) enabling them to explore innovalive mission in York.
sin￿ 2006 they have been abty led by Rev Christian se￿aratnarn. In summer 2021 G2 said
go¢)Jbye to Christian as he became full4tme Director of Church Planting at St Hild College. In
August 2021 G2 were delighted to appoint Hannah Smith as temporary Leader of the G2
BMO. Hannah wa5 later appointed and commissioned in October by Bishop John (Bishop of
Selby) as the pem)anent G2 Team Leader.
PLANS FOR THE FUTURE
In order to further our vision in the year ahead, we launched our FNe Year Roadmap. The
map turns our previous strategic emphases into ￿rns, to vthich a new first aim is added - of
Serwng Yoth. The FNe Year Roadmap began to be communic2ted inside and outslde of
church in a variety of vRys, and infom1￿1 our p￿athing for much of the year. It particularly
highlights five 'stretch goals.. summarising key actions:
every one loves one
every one brings one
every one disciples c￿e
every leader trains one
every church plants one
st Michael le Belfrey conlinues to plan for growth, not for dedine. We believe we have a
slrategic and Godfiven wsion and humbty, prayerfully and confidently seek for it to b8
furthered in 2021 and beyond. We plan to send out a team every two years to plant either
sornethirwJ brand new or to revitalise an old church. We are pleased to be part of the Diocese's
strategic planning forthe coming years as together we seth to grow and to particularly impact
the 20s40s age group. We wll a150 continue developing our Strateg￿ plans for rewordering St
Michael le Belfrey Church. As we do so. wll seek to become an Ir￿easinglY sustainable
church. in line with the Climate and Environmentsl Emergency Declaration which our PCC
signed off in autumn 2021. As part of this Dedaralion. we have committed to bring forward by
April 2022 an action rAan to minimise the Beltre￿S negattve corporate impact on the
environment and climate and to help restoration where KK)ssible. All this will be demanding
and exciting as we look to the future.
LEADERSHIP
Our church, St Michael le Belfrey, is led by the VIc2r vthh the assistance of a Leadership Team
(the 'Vicaffs Leadership Team.) vthith meets weekly and is govemed by the PCC.
Our churth is managed by a team of dedicated staff and volunteers. for whom we are grateful.
The only committee required by law is the Standing Committee. This is made up of the Vicar,
Associate Minister. Church Wardens, Secretary and Treasurer, and up to two elected PCC
members. It ha5 power to transact the business of the PCC between its meetings, subject lo
any directions given by the Counal. Towards the end of 2021, the PCC agreed to move to
different structure of meeting. with the full PCC meeting bTrvmonthly and the Standing

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST
MICHAEL LE BELFREY WITH ST CUTHBERT. YORK
ANNUAL REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
Committee meeting in the intervening months, along wth the various sub-groups. The full
PCC meetings tend to discJJss bigger picture matter5. agree legal matters including ihe annual
budget and receive a regular Safeguarding ReporL whilst the Standing Committee deals with
matt8rs of mor8 detail. Th8 frst standing C(mmittee meeting as per this structure took place
in October.
CHARITY GOVERNANCE CODE:
As a charltable bcKly, we fulfil the 7 prfnaples set out in the Charity Governance Ccrfje as
follo￿%..
1. Organisational Purpose:
We exist for worship and mission in the parish of St Michael le Belfrey, York. Our vision is to
be serving G￿1.$ transfomation of the North and for this we work and pray. To fijlfil this vision
our strategic emphases in 2021 ￿re.. semng York, makirKJ disciples. nurturing disciples.
developing leaders and planling churche&
2. Leadership:
The church is led by the Vicar wth the assistance of a Leadership Team and is governed by
the PCC. The Vicar has freehold of the church. Both the vicar and Associate Minister are of
incumbent status. Responsibilty for much day-trpday church lrfe ts delegated to our staff and
volunteers. We highly value the ministy of the whole church. much V￿rk being done by
voluntsers, induding small group leaders. helpers and way-ers in all sorts of areas of church
lrfe.
3. Integrity.
We are follow8rs of Jesus byho s88k to live urKlerthe aulhority of Scriplure in the power of the
Hoty Spirit. while recognising our iMperf￿li0nS and weaknesses and our need of God's grace.
We take safeguardirrfJ seriously, being ably led by our Parish Safeguarding Officer Barrie
Stephenson, with over 200 members of ¢Jur church famity receiving safeguarding Iraining in
2021. We seek to INe wtth integnty, telling the truth and abiding by the law of the land. At PCC
meetings we name confiicts of interesL We seek to honour each other, speak well of each
other and gwe each other the benefrt of the doubL We particularly value generosity. festivty,
simplioty. and humility. Our supporting values indude kindness. creativity. dNersity and
integrity.
4. Decision-making. Risk and Controt:
We have a number of key goals for the year whith ar8 regularly n￿nitOr8d. We review terms
of reference. poli(xes and our risk register. Our PCC membership ￿ refreshed annually. Our
accounts are professionally audited. Our finan￿￿ statements. annual reports and various
publications are shared with the Diocese of York. of which we are parL All stsff and volunteers
are lintrman*Jed.
5. Board Effectrveness:
The Vicarfs Leadership Team meets most ￿ekS and our PCC or Standing Committee meet
monthly. The Wicar and Associate Minister meet wtth the Wardens every other month. We take
advice from experts outside our church. especially in specialist HR or finance matters. We
belleve the PCC has a good mix of skilb, experience, common sense and prayerfulness. New
PCC members are each year given trustee induction and all undergo basic online
safeguarding training. In 2021 the PCC devoted Ihe first part offour meetings to going through
a training course entitled PCC Tonight. which helpèd members understand the Council's role

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST
MICHAEL LE BELFREY MTH ST CUTHBERT. YORK
ANNUAL REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
and bjnctron. It was in response to this cours8 and rethinking the effectiveness of our
governance structures that the meeting schedule of the PCC and Standing Committee was
revised and more sut¥Jroups b&Jun and empowered.
6. Diversily.
God's Kingdom is made up of all manner of people but, historically, our church has not fully
refiected this diversty in its membership. staffing and leadership, partly because of th8
backgrouThJ and makeup of York residents. We have continued to seek to make progress
towards greatsr diVerstyV￿thin the kadership and membership ofthis churth. We are pleased
that diversity is now one of our church values agreed by the PCC in 2021. and Ihis is being
mmunicated through our preathing.
7. Opennèss & Accountabilty.
Our key stakehoEders are our church family. Those vkno belorKJ to the BeEfrey nonnally show
this by jt)ining our electoral roll, W￿hIPpIrVj regularly at one of our services, joining a small
group and giwng regularly. Most choose to receive a weekly email which includes a Friday
Message from the Vicar. as well as ne￿ items, a calendar of services and Belfrey events,
links to useful resources for church members, and the latest PCC Minutes. As well as verbal
notices in our servtces our church provides regular infomiation on various social media
platform5, including Facebcok. Instagram and Twitter, and there is a Belfrey Noticeboard
group on Facetojk. We listen to feedback, and take seriously all suggestions on how to
improve our church lrfe, dI￿sSIng this at VLT and vthen necessary at PCC. Our 5 Year
Roadmap. launched this year, incorporated feedback gathered in a larg&scale Church Survey
carried out in 2020. We also encourage questions to be asked throughout the year, with written
questions being invited on our annual report and time given for a few verbal questions at our
Annual Meeting. We are GDPR (data protecttonl o)mpliant and keep dear. accurate and up-
t￿date membership re￿rdS using the safe aTrJ secure Churthsuite thirch rnanagement
system.
FINANCIAL REVIEW
2021 saw an increase in planned giving for both the Belfrey and G2 by nearfy £20.000 and
£10,500 respectively. Excluding G2, planned giwng was £454,925 272 people giving this
way, which represents 61 % of the elecioral role. We plan to hold a renewal of giving in 2022
and hope that this goes up to 70%!
Even WIth￿t belng able to pass the'plate. around durlng services as we were able to for part
of 2020. our total unrestricied donations V￿re £76,619 higher in 2021. We also re￿Ived a
legacy of £23,474 *thich is restricted for'Hoty Communion..
Total income for 2021 at £903,056 looks low compared to 2020's £9.247,848 but
remember that in 2020 we recognised the ty￿ restricted bwJ gifts for Impact and Church
Planting in full, even though we haven't received all of the money yet It is being managed by
a third paty and we draw it down as we need tt. Total income for 2020 minus the £8.450,000
restricted big gifts was £797,848. This means that total Income was £105.208 more in 2021
excluding those grft5.
In April 2021 we announced the creation of the Post Pandemic fund which was established
by taking £1,￿0,000 from the Church Planling fund donation. You can see this trdnsfer in
Note 18 of the accounts.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST
MICHAEL LE BELFREY WITH ST CUTHBERT. YORK
ANNUAL REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
We had expected to need to use £133,000 made up from previous years. gttts to fund all we
wanted to do in 2021. However. we only needed to use £33,000 - this VRS due to a
combination of income being more than expected and spending less during the lockdown in
the first quarter. This means there is £100.0(Kl vthich will be carried f￿vard to use in 2022.
G2's (whlch operates as a restrlcted lund of the Belfrey) income was also higher than expected
as they received a few on￿r gtfts as well as doing another 90 day gmng thallenge which
brought in nearty £4.000. Their expenditure was slightty under budget which meant they had
surplus of neady £12,000.
Th8 Impad project expendthr8 for 2021 can be broken down as follows:
Design Team (LDN architecL engineers & Cost C￿su11ants)
St LawTence Organ Humidifier
Surveys & Specialist Adw
Project Management team (salaries)
Other costs (bank charges, zoom, etc.)
TV Monitors to be used in de(ant
Total
£153,294
£10,000
£23,982
£60,317
£3,003
£3.588
£254,184
In October 2021 we had the buildings we thyn revalued by SteptrEnson's Estate Agents. This
hadn't been done ￿nce December 2016. The value of all three properties {Hempland Dr.
Langdale Ave. and Belfrey Hall) increased by a total of £155,(KIO. This can be seen on Ihe
SOFA and detailed in note 11.
Our totsl funds at the end of 2021 vRre £10,443,898. of thts £9.210.314 were restricted funds
which can only be spenl as the donor(s) requesled. The majority of this is the Impact Fund.
Church Planting Fund, and Post Pandemic FuTrJ. £1.233.584 is unrestricted funds for the
general running of the thurch. Hov+ever. £954,190 of it is tied up in buildings and equipment
we own. This leaves £279,394 in cash whith is made up of reserves and amounts to be spent
in 2022 (see Reserves section below)
We have tsyo members in our tr8asur8r team, but are still Ii)oking for a third member. We are
thankful for the wardens tho are responsible for the finance5 untsl this 15 fully established.
Thank you also to Gill Mclntosh and Val Patrick our finance volunteers and Melissa Bryan our
finance manager. who have V￿rked hard this year behind the scenes.
INVESTMENT POLICY
The PCC has taken extemal financial advice on the investment of funds restricted for
expenditure on the Impact Project. taking account also of tis reserves and funds held for other
projects. In Mew of the likety ts'mescale for expendlture of the bulk crf these funds and
uncertainty over market conditions in the meantime. the PCC has accepted advice that itwould
be appropriate to avoid significant risk and keep ts funds in cash deposits. The PCC will
authorise the opening of additional bank deposit accounts as necessary. seeking to maximise
the rate of interest consistent the secunty ￿ the furKls and the required availability for
Impact and other expenditure.
RISK MANAGEMENT
The PCC acknowledges its responsibli ty to identify. assess and rnanage the major risks to
which it is exposed.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST
MICHAEL LE BELFREY WITH ST CUTHBERT, YORK
ANNUAL REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
Major risks arise from a variety of as￿ of the thurch's InterrAI operations and 8Xtemal
environment, including security. health and safety, and finance.
The PCC delegates the management of risk to the operat￿nS Manager. the Treasurer. arKI a
designated Churchwarden. Through this group the PCC mainlains a register of major risks.
and continues to enhanc£ plans to ensure that systems and processes are in place to mitiqate
exposure io these risks. The risk register is held and kept up to date by the Operations
Manager. The PCC reviews the risk register on at least an annual basi5, usually every March.
The Impact Project, to restore and re(￿der St Mithael be Belfrey, holds tts ovm separale risk
register which is managed by the lrnpaot Board together wth the PCC.
RESERVES POLICY
Our policy is to keep a cash reserve equating to three nv)nths' essential running costs. At the
moment that is around £71,OCKI. This allows us to provide for unforeseen short4eTm
expenditure (on such items as building repairs) or shorlfalls in income: and to respond
promptly to future opportunities in supwrt of the (thurch's mission.
Our totsl unrestricted net current assets at 31 Dec£fflber 2021 anounted to £279.394, and
after allocating £121.170 to be spent in 2022 and £80.776 on pastoral work over the next 36
months the cash reserves are £77,448. The PCC review this figure regularly so that any
reserves held above the £71.000 in our policy can be used for projects as needed.
The PCC holds property and eqUipM￿t valued at £954.190 induded in Ihe unrestricted
reserves which could be converted into cash rf needed.
STRUCTURE. GOVERNANCE AND MANAGEMEKr
The Parish of St Michael le Bewrey, York is a parish within the Church of England as defined
by canon law. Individual parishes wthin the Church of England do not have a separate
constitution. They work within the framework of Church of England ecdesiastical law.
consisling of the Parcchial ChurL* Council Powers Measure (1956) and the Church
Representstion Rules. CharitatAe status vras received on 30 July 2009.
Members of the PCC are either ex offi￿ or elect￿ by the Annual Parochial Church Meeting
(APCM) in accordance with the Church Representalion Rules.
The PCC has delegated some decasion-makir¥J pthY6rs to the following suwroups: the
Human Resources (HR) Group HR matters, the Impac* Project Board for the reordering of
St Michael le Belfrey Church, the World Mission Team for overseeing mission partners. the
Social Action Programme Board (SAPB) social action and the im￿ementation of the Love
York Post Pandemic Fund, the North8m Church Planting Group for govemance of the
Northern Chur(* Planting Fund, and G2 Coun¢il for govemance of G2. Temis of reference for
Ihe HR Group were last updated in 2018, for the Impact Prqect Board in 2020, for the World
Mission Team in 2021, for the NCPG in 2021, kn the SAPB in 2021. and for G2 Council in
2021.
All major govemance rnatteT5 are de(ided by ts Wicar and PCC tcoeth8r.

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST
MICHAEL LE BELFREY MTH ST CUTHBERT, YORK
ANNUAL REPOFrr AND FINANCIAL STATEMEKrs
YEAR ENDED 31 DECEMBER 2021
ADMINISTRATIVE INFORMATION
Parish Name:
st Michael le Belfrey
Church Address:
St Michael le Belfrey, H*Jh Petergate, York, Y017EN
Office Address..
The Parish Centre. 11112 Minster Yard. York Y017HH
Charity Name (working name):
SL Mithfftl Le Belfrey PCC
Registered Number:
1130866
Principal Addrèss:
The Parish Centre. 11112 Minster Yard. York. Y017HH
Indep8nd8nt aLKJitors:
Waltons Business Advisers Limited, Marttime House,
Harbour Walk, The Marina, HartlepcM)I, TS24 OUX
Financial Institutions=
Roydl Bank of Scotland, 27 Parf( Row, Leeds LS15QB
Nationwide BuildirwJ Society. lfjngs Park Road. Moulton
Park, Northamp￿, NN3 6NW
Yorkshire Bankwirgin Money, Berfing House, Mariner
rt, Ctydbank. G812NR
Cambridge & Counties. charnw￿d Court. 5B New
Walk. Leicester. LE16TE
CCLA, Senator H¢)use, 85 Queen Victoria Str88t,
London. EC4V 4ET
io

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST
MICHAEL LE BELFREY WITH ST CUTHBERT, YORK
ANNUAL REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
PCC Trustees l Members
The members of the PCC who Ser￿ during the year were as follovts:
Clergy
Matthew Porter
Andy Baker
Earfl
Michael Perkins
Christian Selvaratnam (until May 2021)
Jim Roberts
Churchwardens
Daniel Brookes
Aison Dawson {unts1 August 2021)
Christopher Dcl)son
Remi Oduyemi
Deanery Synod
Daniel Brookes
James Hayden (from Juty 2021)
John Lindley
Tony Scott
Martine Somefville
Elected representatlves
Dani Cook
i Hale
Jenny Hough (untsl April 2021)
Ross Kenyon
Joe TrkK80gh
Andrew Oldroyd (from April 2021)
Atys Tarr (until December 2021)
Officers
Secretty. Martine Somerville
Treasurer.. Church Wardens
Electoral Roll Officer. Izzy Pysanc

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST
MICHAEL LE BELFREY ￿[H ST CUTHBERT, YORK
ANNUAL REPORT AND FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2021
STATEMENT OF RESPONSIBIUTES OF THE PAROCHIAL CHURCH COUNCIL
Law applicable to charities in England and Wales and guidan(￿ issued by the Central Board
of Finan￿ of Ihe Church of England require the members of the Parochial Church Council to
prepare financiai statewEnts which gNe a true fair view of the Parochial Church Council's
financlal actfvities during the year.
In preparing financial statements gmng a true and fair vièw. the members of the ParochE
Church Council should fdlow best practi￿ and:
• select suitable a¢c¥)unling ￿l￿￿e$ and appty them consistentty;
make judgements and estimates that are reasonab￿ and prudent:
slate whether the Chur(*) guklance, appIl￿ble ￿oUntIng standards and ststements
of recommended practice have been followed. subject to any material departures
disdosed and explained in the financial statements"
prepare the financial siatements on the goirwJ con￿rn basis unless it is inappropriate
to presume that the pa￿￿hla1 Church Council will continue in operation.
The members of the Parochial Church Council are responsible for keeping proper accounting
records vthich disclose with ￿asonable accuracy at any time the financial position of the
Parochial Church Council and enable them to ensure thatthe financial statements ￿mplY wth
the Church Accounting Regulations 2006 and the Chartltes Act 2011. They are also
responsible for safeguarding the a&sets of the Parochial Church Council and hence for taking
reasonable steps for the preverrt￿n and detection of fraud and other i￿egUlar1tie$.
PROVISION OF INFORMATION TO AUDITORS
In so far as the PCC rr￿terS are avRre:
There is no rdevant infomation of which the PCC'S auditors are unaware,. and
The PCC member5 have laken all Steps that they ought to have tsken to make
themselves awdre of any relevant audit infomation and to establish that the auditors
are aware of that infcKmatk)n.
AUDITORS
As a resutt of a change in auditorfs name. from 1 March 2022 Wa￿On$ Clark Whttehill Limited
became Wdtons Business Advis¢)rs Limited.
Approved by the Parochial Church Counal and signed on its behalf by:
Revd Matthew Porter
Chair
2110312022
12

## INDEPENDENT AUDITORS’ REPORT TO THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MICHAEL LE BELFREY WITH ST CUTHBERT, YORK 

## Unqualified opinion 

We have audited the financial statements of The Parochial Church Council of the Ecclesiastical Parish of St Michael Le Belfrey with St Cuthbert, York for the year ended 31 December 2021 which comprise the Statement of Financial Activities, the Balance Sheet, the Cash Flow Statement and notes to the financial statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice). 

This report is made solely to the Parochial Church Council (the PCC) as the charity’s trustees, as a body, in accordance with Part 4 of the Charities (Accounts and Reports) Regulations 2008. Our audit work has been undertaken so that we might state to the PCC those matters we are required to state to them in an auditors’ report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the charity and the PCC as a body, for our audit work, for this report, or for the opinions we have formed. 

In our opinion the financial statements: 

- give a true and fair view of the state of the charity’s affairs as at 31 December 2021 and of its incoming resources and application of resources, for the year then ended; 

- have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and 

- have been prepared in accordance with the requirements of the Charities Act 2011 and the Church Accounting Regulations 2006. 

## Basis for opinion 

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors’ responsibilities for the audit of the financial statements section of our report. We are independent of the charity in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC’s Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. 

## Conclusions relating to going concern 

In auditing the financial statements, we have concluded that the Trustee's use of the going concern basis of accounting in the preparation of the financial statements is appropriate. 

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the charity's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. 

Our responsibilities and the responsibilities of the Trustees with respect to going concern are described in the relevant sections of this report. 

13 



## INDEPENDENT AUDITORS’ REPORT TO THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MICHAEL LE BELFREY WITH ST CUTHBERT, YORK 

## Other information 

The PCC are responsible for the other information. The other information comprises the information included in the annual report, other than the financial statements and our auditors’ report thereon. Our opinion on the financial statements does not cover the other information and we do not express any form of assurance conclusion thereon. 

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether there is a material misstatement in the financial statements or a material misstatement of the other information. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. 

We have nothing to report in this regard. 

## Matters on which we are required to report by exception 

We have nothing to report in respect of the following matters in relation to which the Charities (Accounts and Reports) Regulations 2008 require us to report to you if, in our opinion: 

- the information given in the financial statements is inconsistent in any material respect with the PCCs’ report; or 

- sufficient accounting records have not been kept; or 

- the financial statements are not in agreement with the accounting records and returns; or 

- we have not received all the information and explanations we require for our audit 

## Responsibilities of the Parochial Church Council 

As explained more fully in the statement of responsibilities of the Parochial Church Council set out on page 11, the PCC are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the PCC determine is necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. 

In preparing the financial statements, the PCC are responsible for assessing the ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the PCC either intend to liquidate or to cease operations, or have no realistic alternative but to do so. 

14 



## INDEPENDENT AUDITORS’ REPORT TO THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MICHAEL LE BELFREY WITH ST CUTHBERT, YORK 

## Auditors’ responsibilities for the audit of the financial statements 

We have been appointed as auditors under section 144 of the Charities Act 2011 and report in accordance with the Act and relevant regulations made or having effect thereunder. 

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue an auditors’ report that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. 

Irregularities, including fraud, are instances of non-compliance with laws and regulations. We design procedures in line with our responsibilities, outlined above, to detect material misstatements in respect of irregularities, including fraud. The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: 

We gained an understanding of the legal and regulatory framework applicable to the charity and the area in which it operates, and considered the risk of acts by the charity that were contrary to applicable laws and regulations, including fraud. We designed audit procedures to respond to the risk, recognising that the risk of not detecting a material misstatement due to fraud is higher than the risk of not detecting one resulting from error, as fraud may involve deliberate concealment by, for example, forgery or intentional misrepresentations, or through collusion. 

We identified the greatest potential for fraud in the following areas: existence and timing of recognition of income and the posting of unusual journals. We discussed these risks with management and designed audit procedures as follows: 

- to test the timing and existence of revenue, 

- to review journals posted to key control accounts or posted around the year end, to look for potential “window dressing” as well as looking at a sample throughout the year. 

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council’s website at: www.frc.org.uk/auditorsresponsibilities. This description forms part of our auditors’ report. 


Waltons Business Advisers Limited 

Chartered Accountants Statutory Auditors Maritime House Harbour Walk The Marina Hartlepool TS24 0UX 

05/04/2022 

Waltons Business Advisers Limited is eligible to act as auditors in terms of section 1212 of the Companies Act 2006 

15 



THE PAROCHIAL CHURCH COUNCIL OF THE ECcLESIASTI￿L PARISH OF
ST IIICHAEL LE 8ELFREY WITH ST cifTHBERT. YORK
FOR THE YEAR ENDED 31 DECEMBER2021
Total Fund5
2021
202
Funds
Funds
Incom• and endowmwts from:
Donatr)rts and legaoe5
Incorne trom tharitsbkn •*¥60e6
other tradirg activit*s
Investments
other irwne
fjS),573
55.049
10.&32
1.719
10.850
183.801
1,482
142
6,032
3.076
814,374
56.531
10.474
7.751
13.926
9,136,653
61,350
8.198
12,007
29,640
Totsl Incorn
728.523
174,533
903,056
9,247,848
Exp¢ndltstre oft:
Raising funds
ChW1tab￿ th1￿ch athwlles
277
761.468
550
1.225,146
3>2.247
1,153.715
Total wgndl¢ur•
761,745
392.n4 1.154479
1,225.695
M¢t Incornollexpondltur*} b•for* galns
and losse5
(33.222)
155.(IXI
(2182011
1251.4231
155.C
8.022.153
Net gains r8valualkni
oltfjxed a$s*ts
11
Not Incomdl•xp￿d1tyr•)
121.TT8
12182011
11.9651
196.4231
8,022.153
N•t mo¥¢rngrt In Funds
123,743
1220.1681
196.4231
,021153
Total lunds broughtlww•ryl •t
1 January 2021
1.1(P3,841
9.4￿.480
10,540.321
2.518.169
Tatsl funds carTlod fr>r¥Rrd at
31 D¢¢¢mb¢r X21
17118
£1333.564 £ 9.210.314 £ 10.443.898 £10,$40.321
The not•5 OA 1• to 31 fomi pwt 011h￿ financlal 5t*emont&
Th• 51alorftht of Ffjnand￿ ALkn IKlud85 811 gakns ar¥J ￿￿585 in the awwj al of thè amouDts rdatè tc+
fxjnllnulw a(kntss.
16

THE PAROCHLAL CHURCH COUNCIL OF THE ECCLESiASTICIL PARISH OF
ST MICFIAEL LE BELFREY ￿ThI ST CUTHBERT, YORK
8ALANCE SHEEr
FOR THE YEAR ENfJED 31 OECEIIBER 2021
Total Funds
2020
Funds
Fund8
20
Flx•d A88•ts
Tangible fiY￿ a$8¢ts
11
954.1
954.1
805.028
.1
954.19)
805,028
yrr•ntAs80ts
St￿k
12
13
14
533
7217.426
2.351.442
638
7,666,352
1107,558
21.049
7.1%.37T
304.459 2.046,983
Cash atlMnkaTrl In hand
Totat Curr•ntA658ts
326.041
9243.360
9,569.401
9,714,548
¢urr•nt LlablMtE•8
Credittys.. aftwnts ts
due wtfin ￿ y8
1S
46ffi47
39.255
Totsl ¢urYenillablHtI•s
46.647
79.693
39255
N•t CurwpntAss•ts
279.YJ4 9210.314
9.489.708
9.735293
Tolal a¥s•ts185s ¢urr•nt
1ZJ3.584
9210J14
10,443.898 10540.321
NotA¥sets
£ 1233.584 £ 9210.314 £ 10M43098 £10.54Q,321
Th• ￿ndS ottho charxy
Unresth'cted gen￿￿ fiJ¥J
Unreslrided re¥￿ual￿Jn res8Ne fur
Restrid￿ fiJnd5
17
17
18
953,841
156.000
9.430,480
311.COJ
311.[
9210.314
9210,314
Total Ch*lty FuThls
1233¥4 £ 9210314 £ 10,441898 £10AM.321
Approved by Ihe Pa￿￿hlEt Chur(* on 21mr2tr22 8TrJ b￿l￿ty.
The not¢$ •n page8 19tr• 31 form part of th•x fin•n¢lal stat¢mant&
17

THE PAROCHIAL CTrKIRCH COUNCIL OF The ECCLESIASTICAL PARISH OF
ST PAICHAEL LE BELFREY %1TfH ST cufHBERT. YORK
CASH FLOW STATEMEI
FOR THEYEAR ENDED 31 DECEMBER 2021
2021
2020
Cash flows frnm op•rallng a¢tS¥ltl•s:
Not In¢orn• forthg r•portln9 pwSod
Adlustedfor.
Depreoation charges
Dividends and inler85tfrarn investments
Revaluation offfix8d a558ts
Dec￿ase in stctks
Dec￿aSe111nCreas6) in debtcws
IncreaselldecTeasel in credlkrfs
196A231
4022.153
5.837
112.0071
17.7511
{155.C#)O)
105
(7.638.758)
{36,1811
Nel Cash provkled by operallng acllv
236.133
341,155
DNidends and interostfrun investmen18
7.751
12.007
N•t cash prov1d￿ by In¥•*tlng •etlvlU
7.751
11007
Chango In ￿$h and cash •qulvalents In
the reportlng perlod
Cash and cash •qulvalonts at th•
beginning of the r•porting period
353.161
2.107.558
1.7S4.397
Cash and cash equivalents at the end of
the reportlng perlod
£ 1351.442
£ 11117.558
Analysls ol cash and Cash •qulvalw
Cash in hand
No and nr￿c• (*tKJsits lkns IPkqn 3 ￿￿th6)
Noticè dèposits Inbjrt Ihan 3 months)
383
479.376
1.627.799
1.072,450
1278,608
£ 2,351,442
£ 1107,558
a￿ty law r6quwes s&pardt¥ *jtrlni&tr8tK￿ cf ts tashAM of rÉ¥trLW fvrKl$ tsf Chariiy. Tli¥
18

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST MICHAEL LE BELFREY WITH ST CUTHBERT, YORK
NOTES TO THE FINANCIAL STATEMEpifs FOR THE YEAR ENDED 31 DECEMBER 2021
ACCOUNTING POLICIES
Basls of preparation
The financial statements have been PrePar￿j in accordan￿ with the Statement of
Recommended Practice: Accounting and Reporting by Charities preparing their ac£ounts in
accordance vrith the Finanual Rewting Standard appI￿able in the UK and Republ￿ of Ireland
IFRS 102> effective 1 January 2019, the Charities Act 2011. and the Church Accountng
Regulations 2006.
The financial statements indude all transaCtK￿$. assets and liabilities for which the Parochial
Church Counal {Ihe PCC.) is re$F￿￿SIble in law. They do not include the financial slatemenls
of church groups that owe their main affiliation to another bcKly. nor those that are informal
gatherings of church members.
The PCC is a public benefit entity as defined by FRS 102.
Statutory Inforniation
The PCC is regist8red with the Charity Commlsslon, registration number 1130866. The
registered address is The Parish Centre, 11112 Minster Yard, York, Y017HH.
Funds
Unrestricted funds representthe generd funds of the PCC that are rn)I subject to any restrictions
r8gardirvJ their use and are available ts application for the ordinary purposes of the PCC.
Designated funds represent those unrestricted general funds wthich have been set aside by the
PCC for a particular pursx)se.
Restrictsd funds represent (a) income from trusts or endowments which may be expended only
on those restricted objects prowded in the tems of the trust or bequest, and (b) donations or
grants received for a spe¢ific object or Invited by the PCC for a specific object. The funds may
only be expended on the specific objed for which they were given. Any balance remaining
unspent at the end of each year rnust be carried forward as a balance on that fund. A large
proportion of restricted funds are held in separat8 bank accounts and interest arising is allocated
to restricted funds. The remaining interest largèly represents monies aCcrl￿d from unrestricted
funds.
Income recognitton
All income Is rec￿3n1Sed On￿ the PCC has enlitlement to the income, there is sufficient certainty
of receipt and so it is probable that the incotne wll be received. and the amunt of income
receivable can be measured reliably. Hanned giving. collections and donation5 are re(x)gnised
when received. Tax refunds are rec(yJnised when the incoming resource to which they relate is
received. Grants and *ao8s are accounted for when the PCC is entitled to the use of the
resources, their uttimate receipt is considered reasonabty certain and the amounts due are
readily quanttfiable. Dmdends are accounted for when dedared re￿1Vable. interest as and
when accrued by the payer. All other ir￿rne is recognised then it Is receivable. Amounts
received specifically f(x mission are dealt wtth as restricted fvnds. Al incoming resources are
accounted for gross.
19

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST MICHAEL LE BELFREY wmi ST CUTHBERT, YORK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. ACCOUNTING POLICIES (¢onlinued)
Govgmmenl grants
Grants are accounted under the acuuals model as permttted by FRS 102. Grants of a revenue
nature are rectsJnised in the statement of finanaal acttvibes in the same Feriod as the ￿lated
expenditure.
Expenditurn rncognftlon
Liabililies are recognised as expenditure as scon as there ts a legal or constructive obligation
mmitting the PCC to that expenditure. it is probable that settlernent wll be required and the
amount of obligation can be measured reliabty-
Grants and donations are accounted fcf vthen paKI over, or ￿ffien awarded, rf that award creates
a binding or constructive obligation on the PCC. The Diocesan Freevill Offering is accounted
for when due. All other expendtbjre is generally recognised *then it is incurred and is accounted
for gross.
Fixed assets
Consecrated and benefice F￿pertY is rM)t Ir￿ll￿ded in the ffinancAal statements in accordance
with section 10 (2) la) and (c) of the Charitles Acl 2011.
Movat￿e church fumishings hdd by the vicar and churchwardens on special trust for the PCC
and which require a faculty for disposal are inalienable propety, listed in the church's inventory,
which can be inspeded at any reasonable time. All expendtture incuffed during the year on
consecrated or bener￿e buildings and movable church fumishings. whether malntenance or
improvement. is written off.
other land and buildings held on behalf of the PCC ts own purposes are valued at mafket
value. No depreciation is charged against su(* properties as they are regulafly maintained to
such an extent that their eslimated economic lives and residual values are suth that their
depreciation is insigntficant. At each year end an assessment is carried OLrt to ascertain whether
there is any indication that the properbes should be T￿Itten down li.e. whether its carrying
amount is more than its recoverable amount). If there is no indication that a property should be
written d¢)wn, it is not necessary to estimate the re￿Verable amounL
Equipment used *rythin the churth premises. The Parish Centre and Church Hall is depreciated
on a straight-line basis over its estimated useful lrfe of 4 to 10 years. Individual items of
equipment ￿th a purchase price of £3.CK)O ￿ less are written off in the peri¢yl in which the asset
is acquired.
Debtors
Trade and other debtors are recognised at the setdement am¢wnt due after any trade discount
off8red. Prepayments are valued at the amount prepaid net of any trade discounts due.
Cash at bank and in hand
Cash at bank and cash in harKI includes cash and short term highly liquid investments with a
short maturity oflwo years or less from the date ofacquisition (ff opening of the deposii orsimilar
accounL
20

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST MICHAEL LE BELFREY WITh ST CUTHBERT. YORK
NOTES TO THE FINANCIAL STATEMEKfs FOR THE YEAR ENDED 31 DECEMBER 2021
I. ACCOUNTING POLICIES (continued)
Creditors and provisions
Creditors and provisions are re(xKJnised vthere the PCC has a present obligation resulting from
a past event that will probably result in the transfer of funds to a third party and the arnount due
to settle the obligation tan be measured or estimated reliably. Creditors and provisions are
nomally recognised at their settlement am￿nt after alkThing for any trade discounts due.
Flnanclal Instruments
The PCC only has financial assets and financial liabilities of a kind that qualify as basic financial
instruments. Basic financial instruments are initially recognised at transaction value and
subsequently measLred at their setU8ment value.
Operating lease agreements
Rentals applicable to coeratirKJ leases where substantially all of the benefrts ar￿ risks of
ownership remain wth the lessor are charged against income on a straight-line basis over Ihe
p8rfod of the lease.
Irrecov•rablo Value Added Tax
The PCC Is not reglstered for Valu8 A(kYed Tax IVAT) arKI accordingly expenditure is shown
gross of irrecoverable VAT. The VAT inujrred from time to time on ￿rtain fabric repair and
maintenance expendtlure can, however. be recovered underthe Listed Places of Worship Grant
Scheme.
Golng Concern
The PCC has cash resources and has no requirement for extemal funding. The PCC has
reasonable expectation that the churth has adequats resources to continue in operational
e￿Stence for the foreseeable future.
The situation with Cowd-19 seems to be resolving wtlh services and events retuming to nomial
and we are seeing our member returning bad( in person and also new people all the time. As
most of our income is from planned givirvJ and VR have not seen Cowd-19 affect this in a
substantlal VRY, the PCC continue to believe the going concem basis of accounting Is
appropriate in preparing the financial statements.
Heritage Assets
The Vicar and Church Wardens hc4d on special trust for the PCC silver and plate gifted to the
church for ecdesiastical purposes. They date from the 17th century and therefore. there is
Insufficient cost information available. Due to the unique nature of these assets and their historic
association with vuship at the church over hundreds of years, conventional valuation
techniques are not applicable and therefore have not been valued in the financial statements.
The silver and plate, 22 items in total are listed in the churth's inventory and are regarded by
law as inafienable assets which the PCC vK)uld require a faculty for disposal, Inspection can be
arranged at reasonable tirnes where they are located.
21

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST MICHAEL LE BELFREY wrrH ST CUTHBERT, YORK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
1. AccouKfiNG POUCIES (continued)
Pensions
The PCC pays empbyer contributions into a variety of pensIC￿ schemes consisting of individual
employee's personal pension schemes of their thoice and a workplace pension scheme to fu￿11
the PCC'S auto enrotment obligalions (Churth Workers penS￿n Fund).
Church Workers Pension Fund - Penslon Bulkler 2014
st Michael le Belfrey PCC participates in the Pension Builder Scheme section of Church
Workers Pension Fund for lay staff. CWPF is administered by the Church of England Pensions
Board, which holds the CWPF assets separately from those of the St Michael le Belfrey PCC
and the other participating empknyers.
CWPF has two sections:
1. the Defined Benefits Stheme
2. the Pension Builder Scheme, whth has i*Y) subsectffis:
a. a deferred annuty section knovm as Pension Builder Classic. and.
a cash balance sed*Jn known as Pension Builder 2014.
Penslon Bullder Scheme
Both sections of the Pension Buikjer Scheme are dassed as defined benefit schemes.
Pension Builder 2014 is a cash balance stheme Ihat provldes a lump sum that members use to
provide beneffts at retirement. Pension conlribuiions are recorded in an account for each
member. Discretionary bonuses may be added before retirement, depending on investment
returns and other factor& The accoun( plus any bonuses dedared is payable, unreduced, from
age 65.
There Is no Sutr￿dI¥7S1on of assets belween employers in eath section of the Pension Bullder
Scheme.
The scherne is considered to be a M￿l￿Mployer scheme as deS￿bed in Section 28 of FRS
102. This is because tt i8 not possible to attribute the Pension Bullder Scheme's assets and
liabilities to specrfic employers and means Ihat contributKJns are accounted for as if the Scheme
were a defined contribution scheme. The pensions costs charged to the SOFA In the year are
the conlrilyJlions payable (2021: £19,623. 2020: £18.304).
A Wdluation of th8 Pènsion Builder Scheme is rarried ￿t once every three years. The most
recenl vtss carri8d out as at 31 December 2019. The next valuation is due at 31 December
2022.
For the Pengon Builder 2014 sectton. the valuation revealed a surplus of £5.5m on the ongoing
assumptions used. There is no requirement f￿ deficit paY￿￿ts at the cJJrrent time.
The16gal structure of the scheme is such that rf another wnployer fails. St Michael le Belfrey
PCC could become responsth for pawrg a share of that employerfs pension liabilit￿.
22

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF
ST MICHAEL LE BELFREY WITH ST CUTHBERT, YORK
NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021
ACCOUNTING POLICIES (c1)n￿nUed
Accounting Estimates and Judgements
The preparation of the financial statements requires management to make judgements.
estirnales and assumptions that affect the amounts reported. These estimates and
judgements are continually reviewed and are based on experience and otherfactors. including
expectations of future events that are believed to be reasonable under the arcumstance$.
The trustees believe that the followng judgements are uitical due to the potential material
impact it has on the finarKial statements.
Included vAlhin debtors are amourrt5 r￿1Ved in respect of donations lovrdrds the Impact
project and Church planting. These amounts have been paid by donors to Stewardship who
hold the funds on trust for the Church. The Trustees consider that the income recognition
criteria of entitlement, probabilty of receipt and r￿Urernent have all been meL The
donations were therefore reco3nis8d in full in the prior year and are included in debtors al the
year-end as shown in note 13. The debt(K will be released as funds are received from
Stewardship over the lrfe of the projects.
Property Valuos
The trustees con&der that the freehold land and buildings are valued at Iheir fair value in the
financial ￿aternents. The valuations are undertaken by an extemal professional valuer who
carried out a revaluation at 4 October2021 and the directors have used this valuation to review
the falr value at 31 December 2021. A5 a resul( a revaluation gain of £155,000 has been
recognised in the year.
23

THE PIROCH￿L CHURCH COUNCILOF THE ECCLESIASTICAL PARISH OF
ST MICHAEL LE BELFReYwiTH ST CUThBeRT. YORK
NOTES TO THE FINANCIAL STATEMEpifs FOR THE YEIR ENDED 31 DECEklBER 2021 {CONllNUED)
Total Fund6
2021
2020
Fund$
Fund
l Oonatlons and leg8cIo8
plann￿
Tax recoverable
Colkcbons {OFen pEatel
Legaues
DOnati￿S
Donati￿S- ImpactGrant
Don81￿￿5- C*urch PkntiThJ Grant
454.925
83289
69.145
16270
524.070
99.559
493.8B8
91,740
10.056
25.000
65.970
5.900.000
2,550.000
23,474
54.912
23,474
167271
111359
£ 69).573 £
163,￿11 £
814.374 £ 9,136.653
In 2020, incon* frorn ￿(￿tk)n$ b*8s 8rTKd￿ting ts £573.954 rn18￿ to Unrestr￿ fvnd8 and
£8,562.699 related to reslrided fvnds.
In¢ornofrom charltable church acllyl
Events
Other incorne from cl¥Jrth a¢bvlies
51.807
3.242
53,289
3,242
57,621
3,729
55,049
1.482 £
$6,531 £
61.350
In 2020. Inco￿ from charitsbie church athilLèS aftK¥Jnlir¥J to £60,8(Ll related to llnrestr￿ ftmd5 and £550
relaled to restricted frjnds.
0th8r trad5rt9 a¢tl¥lil#s
Sa
Hlre of faclles
Music
6.174
4,128
142
6.316
4.128
5,135
3,022
41
10.332 £
142 £
10.474 £
8,198
Investment Income
Dfvlder¥ts
Depfy8itintsre8t
1.148
1,126
10,881
1.719
1.719 £
6.032 £
7,751 £
12,C4)7
In 2020, Iwestrnent iwJn* aft￿nb"rvJ lo e3.164 Tel*ed lo unre8trtsJ £8.843 rnlated to rethctsj
funds.
PCC dso rerthes frrAn 2.212 Charities Fund share& Ho*wer. lh8 value of
th• shares has not been induded the balance $heet because. although th8 PCC rec8we5 the income,
6. Oth•r In¢om
Other In￿[r
Govemm&* grants
7,746
3.104
2.134
942
20.814
8.826
10.850 £
3.076 £
13.926 £
In 2020. other incom8 arrvyjnliig ts £28.932 relaw lo ￿reStri￿ f￿d$ and £70B relaied to r8str¥a8d fund5.
Total IrKom•
£ 728,523 £
174$33 £
3.056 £ 9.247.848

(Y*¢Drrroo
(o
rLr>i
0(yr￿0
Orlt) • *rLn17J
UJ o¢n
i (ryuj
01 fD<TJrfDrfDOIts
JoJroLYJ¢
U a5z>lg

Fur
*£ts435
120
al.667
X)M7
9.01
138
GMr¥JfrcffiGNI Day
2J.917
23.917
10.936
Blx*ergJpw
w￿ffe IEwès}
13.248
8.610
7.020
6.13J
13248
8h10
10.378
8.610
6,120
1IN24
6.120
11.064
Roberts SuFWt
TèarFw
10,0
1544
16
16
2>)
SoBd FuTrd
49.843 57.092
Ea5tWd
Frierth krtemabjnzl
ke
Paul ￿￿T5 P&$￿￿
Yoyo Miwcn ¢3vng
361
361
131
16
310
192
5.50D
16
Wconen'5 Nfilmstry
E¥aWist
S￿ert
E¥qWsm MinMty
131
310
5.142
17
SoualJusUce& Ad
13￿79
475 ￿,354
21853
63.722 e &)J92 e 94.114 £ 91.881
In 2020. GMts was rnad2 up of £10 b) and £1D.928 retatro IJ reslrfKled
19,623
39J.fy)8 366.754
22266 19.205
19.W23
1&
Sryial %evJrAyw515
£ 431￿6 £404.253
•mpW cdrJJaod on th•bBsts offvU4rn0 oWvdgn&was 17 (2020- 181

THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL OF
ST MICHAEL LE 8ELFREYlVftH ST CUTHBERT. YORK
NOTES TO THE FINANCklL STATEMENTS FOR THE YEAR ENDÉD 31 DECEIIBER2021 ICONTINUEDI
11. T￿gIbblIxed assets
Chwth
& &JId￿￿ Velith Ewiwnthtt
At 1 Janu￿Y202l
Revaluation
12.
83,891
8g1.741
155.0￿)
155.tKKI
At 31 D￿tItsr 2021
12.8X*
83.891
1.046.741
D8L¥BThth
At 1 January 2021
Charge for ￿ar
77.076
86.714
5.038
At31 D8cembw2ff21
12.850
79.701
92,551
Natbook valu8
At 31 Dewnb8r2021
4,1￿ £ 954.190
At 31 Oe¢emb¥20YJ
£ ￿.¢￿£
3213 £
6,815 £ 805.028
Th8 treehdd land and buikliry5, ¢Utyi*r*J 13 HemF4ar¥J Drive. 28 La* Avenue arKI Church Hal rev8￿￿ at
41h Odober 2￿1 by Stephwrtthts Esiate Agwts. and are at rnartet va￿$ of £450,OC#). £210,000
d £290,000 r8spacUv8ty.
Wlhe fre8hc*J wopetyhad rwJt been *¥aW*￿. uryJBrthe hokffi¢o1 ￿$t
¢•)nvention &8 fdlu*8.'
2021
2020
Hist(*kal at 31 D￿emt￿r2tr2o
639.(W £ 639.co)
At 31 December 2021 tArvJiLk assets a r*t tK¢)k vpkn rfu54.1￿ P020. È801.81¥ relai8d to the unreslricted
and iarvJiblefred as5etswith a y￿U8 of Nl (2QO.£3.2131 rdaiBd to rtisirKW fLmd&.
11 Sloek
Bockstall 8bx* other
13. Dqbtors
Trade det
15
7.524
8,813
411J,000
7.2SO,000
8,441
15,430
303.525
PrepayFr*nts and accrued Ir￿
Accruéd Income. Church Pcst P¥derit 1ftwa￿41th1n
£ 7.217.426 £ 7.666,352
At 31 December 2021 £r,1S6.37712tr20. £7.656.021) 01 ¢18tt(s reAabJ kn res11￿￿ the debttys rdatad
to tre threslrided furvts.
2020
1& Cash atbank and In hwnd
Bank bala￿8$
2,351.058
2.107.175
383
£ 2.351.442 £ 2.107.558
At 31 Decèmber 2021 £304.459 (2tr20. WI.705) ol tash t4lart8s rd*•J b) ￿Te51r￿led and £2,046,983 P020 .
£1.775,8531 to resthd&J hJTrJs.

PIROCH￿L CIVJRCH ¢OIIN¢L OFTrE E¢¢LESIASTI¢AL P*AISH OF
ST lIJ￿HAEL LE BELFREYY4fTri ST ClI￿ERT. YIJRK
NOTES TOTHE FI14ANC￿sTAlE1AEmTS FOR Tr￿VE*R ENDED 31 DECEMBER 2021 ICONTINUEDI
15. Crvimors.. fall￿ s*ar
Trade creditor6
AccNals and defe￿ed kncom8
Taxaid sock31 $8oJrityuBd
2021
2020
28.725
5.474
422
79.693 e
39.255
At 31 Dewrnb*2021 £33,(ts16 W20.£4A17lof(¥vthxs rnlthd VJ tdated to fund•.
2021
8,081
6,491
18,0811
2020
10,718
8,081
110,7181
Deferred lftcomè at 1 Janu*y2021
R680urcas d8f8rr•J dur￿ tha 5*8r
Art￿￿1$ re￿a8￿j from prayi￿ts
6.491 £
081
usa aftorlhe yoarer*Y. D8ferrod fty2020 2Ql was In ad￿f0rd￿￿ wthw88n 88tyblrd dbcount was
offered and aLso ￿ int￿0 paWJ ILY fubm p￿￿5.
L•nd •d
budthngs
Operating1è8sBs
Under 1 ￿ar
Wrfhin 2 to 5 ￿ar&
AftBrtnore than 5 s*a
2,210
.444 £
1.504 £ 40.144 £
2,210
2U21
41y8 £
41654
17. Unr•slrt¢tsd aThl D•slqnat•d
Other
01K¢1r2021
31M212021
Unr25trided fund- Generdl
Unrn5trfded fund. R888rve
953,841
156.r
1761.745)
1.965
922.584
311.000
155.(OJ
1.109.841
1761.7451
1SS.O(KJ
1,233J84
TotdUnrv8trlded*dDe*thFurKls £ 1.109,841 £ 728,522 £ (761.7451 £ 1.965 £ 155.OCKJ £ 1,233￿84
Other
Tw6fer5 TBrggnised
B8trfKen gains aTh1
005sesl
01fi)1r2020
31112r2020
Unrastricted )lJTrY- General
Unr051ricled lund. Re¥￿ual￿ R•serve
896.365
156.(XXI
675.048
121(
951841
156,0(K)
1.C62,
1.052,365
1122.OC4JI
TO1￿ Unr85tr1¢Xed 8nd Cwnaled Fun
£ 1.174,365 £ 675,048 £ (7393r21
£ 1,109,841

P*JIOCHIAL CHUR¢H ¢OUNaLOFTHE ECCLESIASTICAL PARISH
ST IIICHAEL LÉ BELFREYiwfH ST CUTHBERT, YORK
NOTES To￿ FWJKIAL8TATE*￿s FOR TheYE*R 8aYED J1 DECEkTER 2021 ICOIITINUEDI
11. ResIr1ct￿ Fun
C8th
Inwrfnmg thtgrAng
Res￿rGe& TIar￿rn 3111212021
0110112021
G2 fvnd
Acts 435
Storehouse
BI￿8 Fund
Cl¥J￿h Planung fund
StWiNrad Ecdes￿S#t￿l CW{COIF)
Evangefjsm of the N
Funer81 Colwti
Gmng Awayoay
H*&hlp Furd
Hcdyf•mmunion
Hwse of pts￿r
Hou$6 of Pra￿r Pe¢
Impact Proje¢t
Intem5hlp Bursary
L¢gacyforChLrth
N6VerG￿e Up
on8.off Cc418cih
Post PandernK Fufvj
Prerni5es Legacy
Youlh Fund L•gac¥
MUSK Iroyaw)
.651
81,7191
32
1530,000
3.336
IXt.OTh)111,(KX>.(XIO}
11.1261
11.7851
1.149
161
69
6,752
581
23,474
14,785
581
(4.8691
<3.1841
IIN74
17.33)
6.637.992
(7.3201
(254,1841
10,orrf
6N34.149
1.120
311
4,237
$0241
1.120
311
4x1
1ffi56
1.075
11,7401
1fj671
115.8041 I.¢J02M3
966,009
154.825
1Y.825
4.OBS
382
14
14.(1851
14
1.051
2,ori)
1,Ol¥J
Sozo Fund
stgin&l GLqss KI￿ntenan￿ St kriL*￿r$w8nv￿￿ Bur
st8lne¢Y Gkqss Mainten3nr* Stcuthberes WawKk
175
11621
UnSpBc￿ed bul Resthl¢
Wcrn's K4knhty
573
2.036
9.430.480
174.533
1392.7341
11,96SI
8,210,314
The pwp)8e ond use ofewth tsSlrwAéd frJThl is bythe rorne oftrol resF*thYftJThl. The ImpaL* PrnipGtfund tsto b6 tssad to
l￿fil the rdans b renovats rnnffivst Pknhaalb Btha¥Jrth ¥)[t￿ mrn *)d ml%sh)n kn th8
cDmir4 ￿T*
In A￿1 2021 we roc£fvod perrn￿￿￿ *+USQ £1m olth•Cthwth a rwrestrkknj lundsxs0r1￿ a*n￿led Post
Pand8rn* Fun￿ The tr8nsfvrrw bo seBn gbrme.

CHURCH COLINCL OFTHE ECCLESJASnCAL PARISH OF
NOTESTOTHE FIIIANCiALSTAT8IEMTS FOR TIEYEAREP￿I 31 DECEIiBER2021 ICOIrnNUE>I
1& R•tsivle*•d FLthd*. ¢•nllnwd
Transf8r5 3111212020
G2 fund
31.495
87.876
18B.7201
11.6591
,Snl
11341
30.651
Storeh(￿86
1.120
134
Biblè F￿nd
chU￿b PIaTr￿n9 fvTrJ
Sl Wibfred E¢t4eSa$b¢￿ Ch*ity IW
Evangelism c4the North
Fwer81 ¢dlections
4Ving Doy
Hatdship Furwj
H￿l￿rg Cru55es
Housè of Prayer
Housp of Ppyer P
Impact p￿8¢t
Jim Fox Donau
lfjdzaub
Legacy for Sfvfjr
2.5￿.(1￿)
1,126
2,550.OOD
5,0SB
3.972
161
15.058
12ni
14,785
581
{5001
1.387
1.534
17?20
6.fj37,gW2
.6801
Pg),T851
1391
1.W.350 S.WIOh27
311
4,321
238
154,825
4,085
382
14
908
10
8,5T1
18.5191
19.825
9227
Youth Fund Legary
Musl¢ Iroy4150s1
S￿eL￿)￿s
sozo Fund
81 Cuthbert¥ Gavden
stainèd ￿858 MWnt•r￿ St
Stained Glass Malntenarth StOJI￿rr$Warn￿1 Bwit
Slud8nl W(Yker Fund
The Comeryoulh Oulroxh
unsp￿￿ed Restricted
Wornens MMNstry
15.1421
14
744
1138)
2,000
1,000
18,2fd
182T21
500
573
1,981
253
lj41￿4 8.572.8
4￿.124
19. •sMl¥
Fun
TO￿ 2021
Tarylble fixeda8*ets
Currenta¥8Bis
Ctqditor&.'
954,19)
,041
954,1W)
9,569,401
9243.W)
146.6471
133.0461
179.6931
t 1233,SB4 £ 9210.314 £ 10,443.898
Funds
Fun
T(rta 2020
Taryitrle fix£d asgots
Curr8nl asgats
Credllurs."
AmoLnts falw cmy
15
3.213
342W 9A31,884
9,774,548
(3d.6361
14.617)
139.2551
È 1.109￿1 £ 9.430.w t 10,540,321
Mlthad Perkns and Vr&L￿a Earl arp ￿￿t￿N50d frYrArochi* arn nBc•ssftrly by t￿ tofiJlN ￿ t1uN89 ofih8lrpc*t
th8 Lkm bythtrC•4Rt stwrnl5￿hryrtY￿thethWth cl En￿￿. In addiknn Revd PorferrEcw￿5 sel slalutrry
Par￿k187 fees foroffirAatrg al these are flyts ts KK¥I Flf/d ￿ristian SBfvaraknarn emplo￿*
A￿u$l2021.
During year 4 tcld c4 £54.7B2 OK*hlh¥ ohl) f2021.fj6.4451 tA8 th& PCC ty PCC {trL￿a$), ¢k)sg kn
n*rnber*

ThE PAROCHtPL CHURCH COUNCIL OFTHE ECCLESIASTIUL PARISH OF
ST MICH￿ LE BELFREYwrrH STcimiBERT, YORK
NOTES TO ThE F]11￿C￿&sTATE￿lE1￿fS FOR IHEYEAft EI¥JED 31 DECEM￿2021 ICONnNUEDI
. Comp4rnltb* Slat•m8nt of Fknanclal Acfl¥tt
FOR THE YEAR ENDED 31 DEC8IBER 2020
T4*1 Ful￿8
2019
Fu
Fund8
Funds
Incom8 and endowmwts frwi..
Donatkns ansj legades
Income from Gharitabl8 aLY
Othertradino acth￿8¢
Inve5trnents
Other inrA)m0
562,6Yg
9,138,653
61.350
8,198
12.007
29,640
893.651
76,695
23.372
16.144
5,835
8,19B
3.164
28.932
Total In¢0
674048
&571000 9.247.848
814697
Exponditurn on:
fvnds
Charitabl? churth
3.793
1.260.528
739.022
486,124
1.225,146
Tot41 •xp•ndlthre
486.124
1225,695
1264,321
Not InGomnllexpènditur•l befor• qalns
and losses on In¥estm•nts
164.5241
8.086.676 4.022.153
1449.6241
Net (lo￿s) on Investments
N•t In￿M￿ll•xP9n￿IlUTrl
Trarthrs fuTrJs
164x41
122.ljc
a.￿6.676 8,022.1&3 - 449,624
I122.or￿s)
Il•t mowngnt In Funds
IA76
1122,OODI 8,OK676
8.022.153
1449,6241
Totsl furtd$ broughtfornard at
l January2020
1.(62.365
122,rA) 1,343.804
2￿10,1
2.%7.793
Total funds for*ard at
31 December 2020
£1.10W1
É 9M30.480 £10.510.321 £ 2.518,169
31