PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS
STATEMENT OF FINANCIAL ACTIVITIES
For the year ended 31 December 2021
| Unrestricted | Restricted | Endowment | ||||
|---|---|---|---|---|---|---|
| Note | Funds | Funds | Funds | 2021 | 2020 | |
| £ | £ | £ | £ | £ | ||
| INCOME AND ENDOWMENTS | ||||||
| Donations and legacies | 2(a) | 169,814 | 29,565 | - | 199,379 | 199,738 |
| Income from charitable activities | 2(b) | 17,601 | 5,088 | - | 22,689 | 20,015 |
| Investment income | 2(c) | 1,000 | - | - | 1,000 | 1,614 |
| TOTAL INCOME | 188,415 | 34,653 | - | 223,068 | 221,367 | |
| EXPENDITURE | ||||||
| Expenditure on charitable activities | 3(a) | 182,676 | 12,855 | - | 195,531 | 203,088 |
| Other expenditure | 3(b) | 23,642 | - | - | 23,642 | 21,923 |
| TOTAL EXPENDITURE | 206,318 | 12,855 | - | 219,172 | 225,010 | |
| NET INCOME/(EXPENDITURE) | (17,903) | 21,799 | - | 3,896 | (3,643) | |
| Transfer between funds | - | - | - | - | - | |
| Gains/(losses) on investments - unrealised | - | - | 4,605 | 4,605 | 2,047 | |
| NET MOVEMENT IN FUNDS | (17,903) | 21,799 | 4,605 | 8,501 | (1,596) | |
| BALANCE BROUGHT FORWARD | ||||||
| AT 1 JANUARY 2021 | 249,878 | 97,697 | 31,692 | 379,268 | 380,864 | |
| BALANCE CARRIED FORWARD | ||||||
| AT 31 DECEMBER 2021 | 231,976 | 119,496 | 36,298 | 387,769 | 379,268 |
1
PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS
BALANCE SHEET AT 31 DECEMBER 2021
| 2021 | 2020 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | 4(a) | 80,000 | 80,000 |
| Investment assets | 4(b) | 36,298 | 31,692 |
| 116,298 | 111,692 | ||
| CURRENT ASSETS | |||
| Debtors | 6 | 4,014 | 8,660 |
| Short term deposits | 219,909 | 172,467 | |
| Cash at bank and in hand | 48,882 272,805 |
97,153 278,280 |
|
| LIABILITIES: AMOUNTS FALLING | |||
| DUE WITHIN ONE YEAR | 7 | (1,333) | (10,704) |
| NET ASSETS | 387,769 | 379,268 | |
| FUNDS | |||
| Unrestricted | 5 | 231,976 | 249,878 |
| Designated | 5 | - | - |
| Restricted | 5 | 119,496 | 97,697 |
| Endowment | 5 | 36,298 387,769 |
31,692 379,268 |
Approved by the Parochial Church Council on and are signed on its behalf by:
The Revd Nick Bromfield (Chairman)
Mr Kevin Holmes (Hon. Treasurer)
The notes on pages 3 to 9 form part of these accounts.
2
PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2021
1 Basis of accounting
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value except the valuation of the Church Hall, which is shown at estimated sale value of the whole site, and of investment assets, which are shown at market value.
The accounts have been prepared in accordance with:
-
the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (Charities SORP FRS 102)
-
and with the Charities Act 2011
In preparing the accounts, the trustees have considered whether applying the accounting policies required by the Charities SORP FRS 102 a restatement of comparative items was needed. No restatement was required.
Funds
Unrestricted 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.
Designated funds are where the PCC has earmarked some of its own unrestricted funds for a specific purpose.
Restricted and Endowment funds can only be applied for the purposes specified by individual donors.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of Church groups that owe affiliation to another body nor those informal gatherings of Church members.
Income
Voluntary income and capital sources.
Collections are recognised when received by or on behalf of the PCC. Planned Giving receivable under gift aid is recognised only when received.
Income Tax recoverable on gift aid donations is recognised when the income is received. Grants and Legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. Funds raised by special events are accounted for gross. Sales of books and magazines are accounted for gross.
Rental Income from letting of Church premises is recognised when the rent is due.
Investment income
Dividends and interest are accounted for when received.
3
PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2021
Gains and losses on Investments
Realised gains and losses are recognised when investments are sold.
Unrealised gains and losses are accounted for on revaluation of investments at 31 December.
Expenditure
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
The Diocesan Parish Share is accounted for when payable.
Fixed Assets
In so far as consecrated and benefice property of any kind is excluded from the statutory definition of ‘charity’ by Section 10(2) of the Charities Act 2011 such assets are not capitalised in the accounts.
Moveable Church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal are accounted as inalienable property when consecrated. They are listed in the Church's Inventory which can be inspected (at any reasonable time). For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts.
Current Assets
Short term deposits include cash held on deposit with the CBF Church of England, Gloucester Board of Finance and at banks.
4
PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2021
2 INCOME
| 2 INCOME | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Unrestricted | Restricted | |||
| Funds | Funds | |||
| £ | £ | £ | £ | |
| 2(a) Income from donations and legacies | ||||
| Parish giving scheme | 87,906 | - | 87,906 | 96,592 |
| Open plate collections | 12,384 | - | 12,384 | 8,325 |
| Other giving | 19,881 | 24,695 | 44,575 | 30,370 |
| Income tax recoverable | 27,851 | - | 27,851 | 30,731 |
| Appeals | - | 4,871 | 4,871 | 2,322 |
| Sundry donations | 5,846 | - | 5,846 | 8,884 |
| Donations and appeals | 1,200 | - | 1,200 | 1,200 |
| Legacies | - | - | - | 17,054 |
| Fundraising events | 14,747 | - | 14,747 | 4,260 |
| 169,814 | 29,565 | 199,379 | 199,738 | |
| 2(b) Income from charitable activities | ||||
| Magazine and bookstall | 1,532 | - | 1,532 | 1,311 |
| FOSM membership & events | - | 5,088 | 5,088 | 5,620 |
| Church hall lettings | 9,192 | - | 9,192 | 7,904 |
| Fees | 6,878 17,601 |
- 5,088 |
6,878 22,689 |
5,180 20,015 |
| 2(c) Investment income | ||||
| Untaxed dividends and interest | 1,000 | - | 1,000 | 1,614 |
| TOTAL INCOME | 188,415 | 34,653 | 223,068 | 221,367 |
5
PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2021
3 EXPENDITURE
| 3 EXPENDITURE | ||||
|---|---|---|---|---|
| 2021 | 2020 | |||
| Unrestricted | Restricted | |||
| Funds | Funds | |||
| £ | £ | £ | £ | |
| 3(a) Expenditure on charitable activities | ||||
| Grants - missionary and charitable giving | ||||
| Home missions and Church societies | - | 4,869 | 4,869 | 2,322 |
| The Rock | - | - | - | - |
| Other | - | - | - | 2,046 |
| Activities directly relating to the work | - | 4,869 | 4,869 | 4,368 |
| of the Church Ministry: | ||||
| Diocesan parish share | 136,756 | 6,104 | 142,860 | 144,645 |
| Clergy expenses | 4,070 | - | 4,070 | 2,874 |
| Church running expenses | 13,918 | - | 13,918 | 14,507 |
| Church maintenance | 18,379 | 1,000 | 19,379 | 11,190 |
| Hire of equipment | 1,575 | - | 1,575 | 1,335 |
| Upkeep of services | 2,107 | - | 2,107 | 1,325 |
| School bibles | 318 | - | 318 | 265 |
| Upkeep of churchyard | - | - | - | 844 |
| Church hall running costs | 2,171 | - | 2,171 | 2,936 |
| Friends of St Mary – fabric upkeep | - | 882 | 882 | 15,268 |
| Friends of St Mary – running costs | - | - | - | 52 |
| Organist fees | 2,640 | - | 2,640 | 2,430 |
| Fundraising costs | 743 182,676 |
- 7,986 |
743 190,661 |
1,049 198,720 |
| Total expenditure on charitable activities | 182,676 | 12,855 | 195,531 | 203,088 |
| 3(b) Other expenditure | ||||
| Administration: | ||||
| Parish administrator | 18,574 | - | 18,574 | 17,975 |
| Parish office telephone | 1,458 | - | 1,458 | 1,407 |
| Printing and stationery | 3,610 | - | 3,610 | 2,541 |
| 23,642 | - | 23,642 | 21,923 | |
| TOTAL EXPENDITURE | 206,318 | 12,855 | 219,172 | 225,010 |
6
PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2021
4(a) FIXED ASSETS FOR USE BY THE PCC
| Freehold land | Fixtures | Total | |
|---|---|---|---|
| and Church hall | and Fittings | ||
| £ | £ | £ | |
| Gross Book Value | |||
| At 1 January 2021 | 80,000 | 19,257 | 99,257 |
| At 31 December 2021 | 80,000 | 19,257 | 99,257 |
| Depreciation | |||
| At 1 January 2021 | - | 19,257 | 19,257 |
| At 31 December 2021 | - | 19,257 | 19,257 |
| Net Book Value | |||
| At 31 December 2020 | 80,000 | - | 80,000 |
| At 31 December 2021 | 80,000 | - | 80,000 |
The Freehold land and Church Hall is in Bouncer's Lane (opposite St Mary's C of E Schools). The gross book value is based on the value estimated by some members of the PCC at which the site could be sold for house building purposes. This valuation which was expressed several years ago was confirmed as the site value by a professionally qualified estate agent, who made no charge for his opinion.
4(b) INVESTMENTS - ENDOWMENT
1,550 units invested in the Central Board of Finance Investment Fund were valued at £36,298 on 31 December 2021 (£31,692 at 31 December 2020).
The original cost of these units was £2,206.
7
PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2021
5 ANALYSIS OF NET ASSETS BY FUND
| Unrestricted | Restricted Endowment |
Total | |
|---|---|---|---|
| Funds | Funds Funds |
||
| £ | £ £ |
£ | |
| FIXED ASSETS | |||
| Church hall, office equipment, etc | - | 80,000 - | 80,000 |
| Investments with the CBF | - - |
- 36,298 80,000 36,298 |
36,298 116,298 |
| CURRENT ASSETS | |||
| Debtors | 3,309 | 705 - | 4,014 |
| Short term deposits | 219,909 | - - | 219,909 |
| Cash at bank and in hand | 9,121 232,339 |
39,761 - 40,466 - |
48,882 272,805 |
| TOTAL ASSETS | 232,339 | 120,466 36,298 | 389,103 |
| Less: LIABILITIES DUE | |||
| WITHIN ONE YEAR | (363) | (970) - | (1,333) |
| TOTAL FUND BALANCES | 231,976 | 119,496 36,298 | 387,769 |
6 DEBTORS
| 6 DEBTORS | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Income tax recoverable | 3,309 |
6,625 |
| Accrued income | - |
1,069 |
| Prepayments | - |
120 |
| Friends of St Mary's gift aid | 705 |
846 |
| 4,014 |
8,660 |
7 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Other creditors | 363 | 9,057 |
| Restricted charities | - | 117 |
| Friends of St Mary’s membership provision | 970 | 1,530 |
| 1,333 | 10,704 |
8
PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS
NOTES TO THE FINANCIAL STATEMENTS
For the year ended 31 December 2021
8 STAFF COSTS
| 8 STAFF COSTS | ||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Salaries and honararia | 21,214 21,214 |
20,405 20,405 |
During the year the PCC employed a Parish Administrator.
9 FUND DETAILS
The Restricted fund is Prestbury Hall, Friends of St Mary's fund, and donations received to pay the increase in Parish Share.
The Friends of St Mary's fund is run under the authority of the PCC. The membership fees are treated as a separate restricted fund for the upkeep of the fabric of St Mary's church.
The Designated Fund comprises a legacy to St Nicholas being held for refurbishment projects.
Endowment funds consist of thirteen separate bequests held in the form of income units with the CBF Investment Fund.
Unrestricted funds are available for the day-to-day running of the Parish.
10 MISSION GIVING
The Parish made donations to the following charities:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Stroud Women’s Refuge | - |
546 |
| PCC Elmstone Hardwick | - - |
1,500 2,046 |
During the year the congregations supported Stroud Women’s Refuge, CBM, World Vision, CCP and Sense International.
9
PAROCHIAL CHURCH COUNCIL OF ST MARY AND ST NICOLAS
PRESTBURY, CHELTENHAM
ACCOUNTS FOR YEAR ENDED 31[ST] DECEMBER 2021
| PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | ||||
|---|---|---|---|---|---|---|---|---|
| STATEMENT OF FINANCIAL ACTIVITIES | ||||||||
| For the year ended 31 December 2021 | ||||||||
| Unrestricted | Restricted | Endowment | ||||||
| Note | Funds | Funds | Funds | 2021 | 2020 | |||
| £ | £ | £ | £ | £ | ||||
| INCOME AND ENDOWMENTS | ||||||||
| Donations and legacies | 2(a) | 169,814 | 29,565 | - | 199,379 | 199,738 | ||
| Income from charitable activities | 2(b) | 17,601 | 5,088 | - | 22,689 | 20,015 | ||
| Investment income | 2(c) | 1,000 | - | - | 1,000 | 1,614 | ||
| TOTAL INCOME | 188,415 | 34,653 | - | 223,068 | 221,367 | |||
| EXPENDITURE | ||||||||
| Expenditure on charitable activities | 3(a) | 182,676 | 12,855 | - | 195,531 | 203,088 | ||
| Other expenditure | 3(b) | 23,642 | - | - | 23,642 | 21,923 | ||
| TOTAL EXPENDITURE | 206,318 | 12,855 | - | 219,172 | 225,010 | |||
| NET INCOME/(EXPENDITURE) | (17,903) | 21,799 | - | 3,896 | (3,643) | |||
| Transfer between funds | - | - | - | - | - | |||
| Gains/(losses) on investments - unrealised | - | - | 4,605 | 4,605 | 2,047 | |||
| NET MOVEMENT IN FUNDS | (17,903) | 21,799 | 4,605 | 8,501 | (1,596) | |||
| BALANCE BROUGHT FORWARD | ||||||||
| AT 1 J ANUARY 2021 | 249,878 | 97,697 | 31,692 | 379,268 | 380,864 | |||
| BALANCE CARRIED FORWARD | ||||||||
| AT 31 DECEMBER 2021 | 231,976 | 119,496 | 36,298 | 387,769 | 379,268 |
| PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | ||
|---|---|---|---|---|---|---|---|---|
| BALANCE SHEET AT 31 DECEMBER 2021 | ||||||||
| 2021 | 2020 | |||||||
| Note | £ | £ | ||||||
| Fixed assets | 4(a) | 80,000 | 80,000 | |||||
| Investment assets | 4(b) | 36,298 | 31,692 | |||||
| 116,298 | 111,692 | |||||||
| CURRENT ASSETS | ||||||||
| Debtors | 6 | 4,014 | 8,660 | |||||
| Short term deposits | 219,909 | 172,467 | ||||||
| Cash at bank and in hand | 48,882 | 97,153 | ||||||
| 272,805 | 278,280 | |||||||
| LIABILITIES: AMOUNTS FALLING | ||||||||
| DUE WITHIN ONE YEAR | 7 | (1,333) | (10,704) | |||||
| NET ASSETS | 387,769 | 379,268 | ||||||
| FUNDS | ||||||||
| Unrestricted | 5 | 231,976 | 249,878 | |||||
| Designated | 5 | - | - | |||||
| Restricted | 5 | 119,496 | 97,697 | |||||
| Endowment | 5 | 36,298 | 31,692 | |||||
| 387,769 | 379,268 | |||||||
| Approved by the Parochial Church Council on and are signed | on its behalf by: | |||||||
| The Revd Nick Bromfield (Chairman) | Mr Gerald Hawke (Hon. Treasurer) | |||||||
| The notes on pages 3 to 9 form part of these accounts. |
PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021 1 Basis of accounting
The accounts have been prepared under the historical cost convention with items recognised at cost or transaction value except the valuation of the Church Hall, which is shown at estimated sale value of the whole site, and of investment assets, which are shown at market value.
-
The accounts have been prepared in accordance with: - the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (Charities SORP FRS 102)
-
and with the Charities Act 2011
In preparing the accounts, the trustees have considered whether applying the accounting policies required by the Charities SORP FRS 102 a restatement of comparative items was needed. No restatement was required.
Funds
Unrestricted 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.
Designated funds are where the PCC has earmarked some of its own unrestricted funds for a specific purpose.
Restricted and Endowment funds can only be applied for the purposes specified by individual donors. The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of Church groups that owe affiliation to another body nor those informal gatherings of Church members.
Income Voluntary income and capital sources. Collections are recognised when received by or on behalf of the PCC. Planned Giving receivable under gift aid is recognised only when received. Income Tax recoverable on gift aid donations is recognised when the income is received. Grants and Legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its ultimate receipt by the PCC is reasonably certain. Funds raised by special events are accounted for gross. Sales of books and magazines are accounted for gross. Rental Income from letting of Church premises is recognised when the rent is due. Investment income Dividends and interest are accounted for when received.
PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS
NOTES TO THE FINANCIAL STATEMENTS For the year ended 31 December 2021 Gains and losses on Investments Realised gains and losses are recognised when investments are sold. Unrealised gains and losses are accounted for on revaluation of investments at 31 December. Expenditure Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. The Diocesan Parish Share is accounted for when payable. Fixed Assets In so far as consecrated and benefice property of any kind is excluded from the statutory definition of ‘charity’ by Section 10(2) of the Charities Act 2011 such assets are not capitalised in the accounts. Moveable Church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal are accounted as inalienable property when consecrated. They are listed in the Church's Inventory which can be inspected (at any reasonable time). For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the accounts.
Current Assets
Short term deposits include cash held on deposit with the CBF Church of England, Gloucester Board of Finance and at banks.
| PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | |||
|---|---|---|---|---|---|---|---|
| NOTES TO THE FINANCIAL STATEMENTS | |||||||
| For the year ended 31 December 2021 | |||||||
| 2 INCOME | |||||||
| 2021 | 2020 | ||||||
| Unrestricted | Restricted | ||||||
| Funds | Funds | ||||||
| £ | £ | £ | £ | ||||
| 2(a) Income from donations and legacies | |||||||
| Parish giving scheme | 87,906 | - | 87,906 | 96,592 | |||
| Open plate collections | 12,384 | - | 12,384 | 8,325 | |||
| Other giving | 19,881 | 24,695 | 44,575 | 30,370 | |||
| Income tax recoverable | 27,851 | - | 27,851 | 30,731 | |||
| Appeals | - | 4,871 | 4,871 | 2,322 | |||
| Sundry donations | 5,846 | - | 5,846 | 8,884 | |||
| Donations and appeals | 1,200 | - | 1,200 | 1,200 | |||
| Legacies | - | - | - | 17,054 | |||
| Fundraising events | 14,747 | - | 14,747 | 4,260 | |||
| 169,814 | 29,565 | 199,379 | 199,738 | ||||
| 2(b) Income from charitable activities | |||||||
| Magazine and bookstall | 1,532 | - | 1,532 | 1,311 | |||
| FOSM membership & events | - | 5,088 | 5,088 | 5,620 | |||
| Church hall lettings | 9,192 | - | 9,192 | 7,904 | |||
| Fees | 6,878 | - | 6,878 | 5,180 | |||
| 17,601 | 5,088 | 22,689 | 20,015 | ||||
| 2(c) Investment income | |||||||
| Untaxed dividends and interest | 1,000 | - | 1,000 | 1,614 | |||
| TOTAL INCOME | 188,415 | 34,653 | 223,068 | 221,367 |
| PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | |||
|---|---|---|---|---|---|---|---|
| NOTES TO THE FINANCIAL STATEMENTS | |||||||
| For the year ended 31 December 2021 | |||||||
| 3 EXPENDITURE | |||||||
| 2021 | 2020 | ||||||
| Unrestricted | Restricted | ||||||
| Funds | Funds | ||||||
| £ | £ | £ | £ | ||||
| 3(a) Expenditure on charitable activities | |||||||
| Grants - missionary and charitable giving | |||||||
| Home missions and Church societies | - | 4,869 | 4,869 | 2,322 | |||
| The Rock | - | - | - | - | |||
| Other | - | - | - | 2,046 | |||
| - | 4,869 | 4,869 | 4,368 | ||||
| Activities directly relating to the work | |||||||
| of the Church Ministry: | |||||||
| Diocesan parish share | 136,756 | 6,104 | 142,860 | 144,645 | |||
| Clergy expenses | 4,070 | - | 4,070 | 2,874 | |||
| Church running expenses | 13,918 | - | 13,918 | 14,507 | |||
| Church maintenance | 18,379 | 1,000 | 19,379 | 11,190 | |||
| Hire of equipment | 1,575 | - | 1,575 | 1,335 | |||
| Upkeep of services | 2,107 | - | 2,107 | 1,325 | |||
| School bibles | 318 | - | 318 | 265 | |||
| Upkeep of churchyard | - | - | - | 844 | |||
| Church hall running costs | 2,171 | - | 2,171 | 2,936 | |||
| Friends of St Mary – fabric upkeep | - | 882 | 882 | 15,268 | |||
| Friends of St Mary – running costs | - | - | - | 52 | |||
| Organist fees | 2,640 | - | 2,640 | 2,430 | |||
| Fundraising costs | 743 | - | 743 | 1,049 | |||
| 182,676 | 7,986 | 190,661 | 198,720 | ||||
| Total expenditure on charitable activities | 182,676 | 12,855 | 195,531 | 203,088 | |||
| 3(b) Other expenditure | |||||||
| Administration: | |||||||
| Parish administrator | 18,574 | - | 18,574 | 17,975 | |||
| Parish office telephone | 1,458 | - | 1,458 | 1,407 | |||
| Printing and stationery | 3,610 | - | 3,610 | 2,541 | |||
| 23,642 | - | 23,642 | 21,923 | ||||
| TOTAL EXPENDITURE | 206,318 | 12,855 | 219,172 | 225,010 |
| PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | |
|---|---|---|---|---|---|---|
| NOTES TO THE FINANCIAL STATEMENTS | ||||||
| For the year ended 31 December 2021 | ||||||
| 4(a) FIXED ASSETS FOR USE BY THE PCC | ||||||
| Freehold land | Fixtures | Total | ||||
| and Church hall | and Fittings | |||||
| £ | £ | £ | ||||
| Gross Book Value | ||||||
| At 1 J anuary 2021 | 80,000 | 19,257 | 99,257 | |||
| At 31 December 2021 | 80,000 | 19,257 | 99,257 | |||
| Depreciation | ||||||
| At 1 J anuary 2021 | - | 19,257 | 19,257 | |||
| At 31 December 2021 | - | 19,257 | 19,257 | |||
| Net Book Value | ||||||
| At 31 December 2020 | 80,000 | - | 80,000 | |||
| At 31 December 2021 | 80,000 | - | 80,000 | |||
| The Freehold land and Church Hall is in Bouncer's Lane (opposite St Mary's C of E Schools). | ||||||
| The gross book value is based on the value estimated by some members of the PCC at which | ||||||
| the site could be sold for house building purposes. This valuation which was expressed | ||||||
| several years ago was confirmed as the site value by a professionally qualified estate agent, | ||||||
| who made no charge for his opinion. | ||||||
| 4(b) INVESTMENTS - ENDOWMENT | ||||||
| 1,550 units invested in the Central Board of Finance Investment Fund were valued at £36,298 | ||||||
| on 31 December 2021 (£31,692 at 31 December 2020). | ||||||
| The original cost of these units was £2,206. |
| PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | ||
|---|---|---|---|---|---|---|---|
| NOTES TO THE FINANCIAL STATEMENTS | |||||||
| For the year ended 31 December 2021 | |||||||
| 5 ANALYSIS OF NET ASSETS BY FUND | |||||||
| Unrestricted | Restricted | Endowment | Total | ||||
| Funds | Funds | Funds | |||||
| £ | £ | £ | £ | ||||
| FIXED ASSETS | |||||||
| Church hall, office equipment, etc | - | 80,000 | - | 80,000 | |||
| Investments with the CBF | - | - | 36,298 | 36,298 | |||
| - | 80,000 | 36,298 | 116,298 | ||||
| CURRENT ASSETS | |||||||
| Debtors | 3,309 | 705 | - | 4,014 | |||
| Short term deposits | 219,909 | - | - | 219,909 | |||
| Cash at bank and in hand | 9,121 | 39,761 | - | 48,882 | |||
| 232,339 | 40,466 | - | 272,805 | ||||
| TOTAL ASSETS | 232,339 | 120,466 | 36,298 | 389,103 | |||
| Less: LIABILITIES DUE | |||||||
| WITHIN ONE YEAR | (363) | (970) | - | (1,333) | |||
| TOTAL FUND BALANCES | 231,976 | 119,496 | 36,298 | 387,769 | |||
| 6 DEBTORS | |||||||
| 2021 | 2020 | ||||||
| £ | £ | ||||||
| Income tax recoverable | 3,309 | 6,625 | |||||
| Accrued income | - | 1,069 | |||||
| Prepayments | - | 120 | |||||
| Friends of St Mary's gift aid | 705 | 846 | |||||
| 4,014 | 8,660 | ||||||
| 7 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||||
| 2021 | 2020 | ||||||
| £ | £ | ||||||
| Other creditors | 363 | 9,057 | |||||
| Restricted charities | - | 117 | |||||
| Friends of St Mary’s membership provision | 970 | 1,530 | |||||
| 1,333 | 10,704 |
| PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | ||
|---|---|---|---|---|---|---|---|
| NOTES TO THE FINANCIAL STATEMENTS | |||||||
| For the year ended 31 December 2021 | |||||||
| 5 ANALYSIS OF NET ASSETS BY FUND | |||||||
| Unrestricted | Restricted | Endowment | Total | ||||
| Funds | Funds | Funds | |||||
| £ | £ | £ | £ | ||||
| FIXED ASSETS | |||||||
| Church hall, office equipment, etc | - | 80,000 | - | 80,000 | |||
| Investments with the CBF | - | - | 36,298 | 36,298 | |||
| - | 80,000 | 36,298 | 116,298 | ||||
| CURRENT ASSETS | |||||||
| Debtors | 3,309 | 705 | - | 4,014 | |||
| Short term deposits | 219,909 | - | - | 219,909 | |||
| Cash at bank and in hand | 9,121 | 39,761 | - | 48,882 | |||
| 232,339 | 40,466 | - | 272,805 | ||||
| TOTAL ASSETS | 232,339 | 120,466 | 36,298 | 389,103 | |||
| Less: LIABILITIES DUE | |||||||
| WITHIN ONE YEAR | (363) | (970) | - | (1,333) | |||
| TOTAL FUND BALANCES | 231,976 | 119,496 | 36,298 | 387,769 | |||
| 6 DEBTORS | |||||||
| 2021 | 2020 | ||||||
| £ | £ | ||||||
| Income tax recoverable | 3,309 | 6,625 | |||||
| Accrued income | - | 1,069 | |||||
| Prepayments | - | 120 | |||||
| Friends of St Mary's gift aid | 705 | 846 | |||||
| 4,014 | 8,660 | ||||||
| 7 LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR | |||||||
| 2021 | 2020 | ||||||
| £ | £ | ||||||
| Other creditors | 363 | 9,057 | |||||
| Restricted charities | - | 117 | |||||
| Friends of St Mary’s membership provision | 970 | 1,530 | |||||
| 1,333 | 10,704 |
| PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | ||
|---|---|---|---|---|---|---|---|---|
| NOTES TO THE FINANCIAL STATEMENTS | ||||||||
| For the year ended 31 December 2021 | ||||||||
| 8 STAFF COSTS | ||||||||
| 2021 | 2020 | |||||||
| £ | £ | |||||||
| Salaries and honararia | 21,214 | 20,405 | ||||||
| 21,214 | 20,405 | |||||||
| During the year the PCC employed a Parish Administrator. | ||||||||
| 9 FUND DETAILS | ||||||||
| The Restricted fund is Prestbury Hall, Friends of St Mary's fund, and donations received to pay the | ||||||||
| increase in Parish Share. | ||||||||
| The parish received Restricted Income of some £17,594 due to the absorption of the funds from the | ||||||||
| Prestbury and Pitville Youth programme which closed and has been brought into the church for | ||||||||
| future use. The restrictions on the use of the funds continue but within the church. | ||||||||
| The Friends of St Mary's (FOSM) fund is run under the authority of the PCC. The membership fees are | ||||||||
| treated as a separate restricted fund for the upkeep of the fabric of St Mary's church. | ||||||||
| The Designated Fund comprises a legacy to St Nicholas being held for refurbishment projects. | ||||||||
| Endowment funds consist of thirteen separate bequests held in the form of income units with the | ||||||||
| CBF Investment Fund. | ||||||||
| Unrestricted funds are available for the day-to-day running of the Parish. | ||||||||
| 10 MISSION GIVING | ||||||||
| The Parish made donations to the following charities: | ||||||||
| 2021 | 2020 | |||||||
| £ | £ | |||||||
| Stroud Women’s Refuge | - | 546 | ||||||
| PCC Elmstone Hardwick | - | 1,500 | ||||||
| - | 2,046 | |||||||
| During the year the congregations supported a number of charities with donations given as part | ||||||||
| of the collections at various services |
| PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | PAROCHIAL CHURCH COUNCIL OF PRESTBURY ST MARY AND ST NICOLAS | ||
|---|---|---|---|---|---|---|---|---|
| NOTES TO THE FINANCIAL STATEMENTS | ||||||||
| For the year ended 31 December 2021 | ||||||||
| 8 STAFF COSTS | ||||||||
| 2021 | 2020 | |||||||
| £ | £ | |||||||
| Salaries and honararia | 21,214 | 20,405 | ||||||
| 21,214 | 20,405 | |||||||
| During the year the PCC employed a Parish Administrator. | ||||||||
| 9 FUND DETAILS | ||||||||
| The Restricted fund is Prestbury Hall, Friends of St Mary's fund, and donations received to pay the | ||||||||
| increase in Parish Share. | ||||||||
| The parish received Restricted Income of some £17,594 due to the absorption of the funds from the | ||||||||
| Prestbury and Pitville Youth programme which closed and has been brought into the church for | ||||||||
| future use. The restrictions on the use of the funds continue but within the church. | ||||||||
| The Friends of St Mary's (FOSM) fund is run under the authority of the PCC. The membership fees are | ||||||||
| treated as a separate restricted fund for the upkeep of the fabric of St Mary's church. | ||||||||
| The Designated Fund comprises a legacy to St Nicholas being held for refurbishment projects. | ||||||||
| Endowment funds consist of thirteen separate bequests held in the form of income units with the | ||||||||
| CBF Investment Fund. | ||||||||
| Unrestricted funds are available for the day-to-day running of the Parish. | ||||||||
| 10 MISSION GIVING | ||||||||
| The Parish made donations to the following charities: | ||||||||
| 2021 | 2020 | |||||||
| £ | £ | |||||||
| Stroud Women’s Refuge | - | 546 | ||||||
| PCC Elmstone Hardwick | - | 1,500 | ||||||
| - | 2,046 | |||||||
| During the year the congregations supported a number of charities with donations given as part | ||||||||
| of the collections at various services |
PAROCHIAL CHURCH COUNCIL OF ST MARY AND ST NICOLAS, PRESTBURY, CHELTENHAM
ANNUAL PAROCHIAL CHURCH MEETING – 15[TH] MAY 2022
-
REPORT AND ACCOUNTS presented and approved.
-
Independent Examiners report showing no areas of concern presented and approved
-
Independent examiner Gemma O’Hanlon ACA
Submitted by Gerald Hawke – Parish Treasurer