## **Emmanuel Parish Church Cambridge Road, Southport**
## Annual Report including Financial Report of the Parochial Church Council
For the year ended 31 December 2021
Registered Charity No. 1131223
© Diocese of Liverpool
## **EMMANUEL PARISH CHURCH PCC**
## **INDEX TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
||**Page**|
|---|---|
|Reference and Administrative Information|1|
|Report of the PCC|2 - 6|
|Independent Examiners' Report|7|
|Statement of Financial Activities|8|
|Balance Sheet|9|
|Notes to the Financial Statements|10 - 13|
|Church Groups Accounts|14|
|Budget|15|
## **EMMANUEL PARISH CHURCH PCC**
## **REFERENCE AND ADMINISTRATIVE INFORMATION FOR THE YEAR ENDED 31 DECEMBER 2021**
**Address:** Emmanuel Church, Cambridge Road, Southport, PR9 9RP **Official Correspondence to:** The Secretary, 11 Melrose Avenue, Southport, PR9 9UY **Registered Charity Number:** 1131223
## **PCC Members include:**
|Incumbent:|Rev Stuart McTaggart||
|---|---|---|
|Curate:|**Vacant**||
|Treasurer:|**Vacant**||
|Readers:|Mrs Jean Lee||
|Churchwardens:|Mrs Linda Dewing||
||Mr John Fell|- retired 23 May 2021|
||Mrs June Redman||
|Deanery Synod Representatives:|Mrs Nikki Brydon||
||Mrs Linda Dewing||
||Mr John Fell||
||Mrs Elaine McLoughlin||
|Elected Members:|Mrs Nikki Brydon||
||Mrs Sally Crowther||
||Mrs Patricia Head||
||Dr Brian Hodge||
||Mrs Elaine McLoughlin||
||Mr Christopher Pitman||
||Mr Gordon Ross||
||Mrs Karen Sacker||
||Mr Andrew Stephenson||
||Mr Eric Wall||
||Mrs Kathleen Young||
|Electoral Role Officer:|Mr Andrew Stephenson||
|Secretary:|Mrs Elaine McLoughlin||
|Safeguarding Officer:|Mrs Marian Pope||
|**Bankers:**|Nat West Bank, 130 Lord Street, Southport, PR9 0AB||
|**Independent Examiners:**|Lifestyles Accountancy, 39 Kirklees Road, Southport, PR8 4RB||
|**Legal Advisers:**|Hill Dickinson, St Pauls Square, Liverpool, L3 9SJ||
|**Architect:**|Mr Bramham, NJSR, 57-59 Hoghton Street, Southport, PR9 0PG||
Page 1 of 15
## **EMMANUEL PARISH CHURCH PCC**
## **REPORT OF THE PCC FOR THE YEAR ENDED 31 DECEMBER 2021**
## **STRUCTURE, MANAGEMENT AND GOVERNANCE**
Emmanuel Parish Church PCC operates under the Parochial Church Council Powers Measure 1956. We are a registered charity with charity number 1131223.
Appointment of PCC members is set out in the Church Representation Rules. All members of the Church are encouraged to register on the Electoral Roll and to stand for election to the PCC. The PCC has three subcommittees: the Standing Committee, which consists of the Incumbent, one Reader, two Churchwardens, Treasurer, Chair of Finance and secretary; Finance Committee; and Fabric Committee. Ad hoc committees are convened as and when required.
Day to day management of the Church is exercised by the vicar in conjunction with the standing committee of the PCC which includes the Churchwardens: Mrs Linda Dewing and Mrs June Redman.
## _**Risk Assessments**_
To identify the major risks the PCC undertake a risk assessment. Procedures are then put in place to manage those risks and minimise their impact on the life of the church. The main areas are set out below:
## _Financial Risk_
An annual budget is prepared and monitored against actual performance. The Finance committee reviews the results on a regular basis and provides reports to each meeting of the PCC. The church’s investments are also reviewed annually, and whenever reports from the diocesan fund managers are received. A report is then provided by the Finance committee to the PCC. Investments are made only in funds approved by the diocese and managed by CCLA Investment Management Ltd specifically for charities. Buildings and tangible assets are insured and levels regularly reviewed. A system of internal control has been approved by the PCC to cover cash handling, payments and bank transfers, and this system is kept under regular review.
## _Health and Safety_
Reviews are undertaken regularly by a member of the church. The PCC are informed of any risks and any action that has been taken. Procedures are in place for recording incidents. The procedures are reported annually to the PCC.
## _Safeguarding_
PCC members and those working with children or vulnerable adults are checked, registered and trained in accordance with the Diocesan Safeguarding Policy. The policy was due to be reviewed in April 2020. This has not taken place due to the coronavirus pandemic, but will be reviewed in the coming year. A copy of the most recent updated policy is included in this report.
Formal risk assessments are recorded in the PCC's Risk Register and reviewed annually. The Risk Register is kept with the Accident Recording book in the Churchwardens' office.
Page 2 of 15
## **EMMANUEL PARISH CHURCH PCC**
## **REPORT OF THE PCC (continued) FOR THE YEAR ENDED 31 DECEMBER 2021**
## **OBJECTIVES AND AIMS**
The PCC (Powers) measure 1956 states "the PCC is to co-operate with the minister in promoting in the parish the whole mission of the Church, pastoral, evangelical, social and ecumenical."
Membership of the PCC also involves the acceptance of the responsibilities laid down in the Synodical Government Measure 1969 relating to PCCs and the other legal responsibilities involved.
The PCC has given consideration to the Charity Commission's guidance on public benefit and, in particular to he specific guidance to charities concerned with the advancement of religion. Our objectives in the year were to provide the following public benefits:
## **Our mission is to bring God into people's lives; our purpose here is to serve Jesus Christ.**
Our objectives for the year included the following:
- = Re-establish Messy Church, Holiday Club, 3C’s, Bible Study, Prayer Group and our outreach and mission events and Pastoral Care as soon as the current pandemic restrictions allow.
- = Review Safeguarding Policy and offer safeguarding training to volunteers.
- = Establish strategy to maintain links with Stanley High School and strengthen links with Larkfield School and Marshside School.
- = Apply for a faculty to extend the Garden of Remembrance.
- = Explore fundraising opportunities to aid the development of Outreach, Worship and Mission.
- = To work at having a closer relationship with the North Meol’s Team, particularly St. John’s, Crossens.
- = To explore possibilities of hosting or attending joint events with St John’s Crossens.
During the year:
- = Messy Church resumed in September 2021, 3C’s also resumed and has been meeting twice a month rather than once a month. Outreach and Mission events resumed and our January 1st event is being planned to take place. Pastoral care provided by the Vicar this year, As yet, Bible study and Prayer groups haven’t resumed.
- = The Safeguarding policy has been reviewed and online Safeguarding training was implemented and completed by all volunteers.
- = We have developed strong links with Larkfield Primary School. Rev Stewart McTaggart takes assemblies once a month and is on the governing body. Links with Marshside Primary School and Stanley High School are being pursued.
- = A faculty was successfully applied for to extend the Garden of Remembrance. Work to complete this took place over the winter months with a view to it being in use early in 2022.
- = We have had successful fundraising activities since being able to open up the halls after the pandemic restrictions were lifted.
- = Our aim to have a closer relationship with the North Meol’s team and have joint events with St John’s Crossens have been on hold in 2021, due to the lockdowns.
Page 3 of 15
## **EMMANUEL PARISH CHURCH PCC**
## **REPORT OF THE PCC (continued) FOR THE YEAR ENDED 31 DECEMBER 2021**
## **ACHIEVEMENTS AND PERFORMANCE including review of charitable objectives**
We aimed to achieve all the objectives set out, however some of these are ongoing and some will be addressed in the course of 2022. The Coronavirus pandemic continued to have an effect on the church for a large part of 2021.
## **The electoral roll**
There were 91 (2020 - 109) names on the electoral roll for this year.
## **Worship**
During 2021 we had further lockdowns and restrictions on worship due to the Coronavirus pandemic. However, we were able to provide online services during these times. These online services were viewed by approximately 28 people each week. When church was open we had one Sunday service at 10.30am. The average attendance at these services was 40.
During the season of Advent, we had 176 over 16’s attending and 5 under 16’s. There were 27 communicants at the 11pm Christmas Eve Service. The Christmas Day service was held online. Messy Church congregation have not been able to meet since March 2020 due to restrictions of numbers allowed to meet in an indoor space. There has been contact with the Messy Church congregation once a month via e-mail.
During 2020 occasional offices were welcomed with 3 baptisms, 1 wedding and 15 funerals including those of church members, from the parish and at the crematorium and 1 interred in the Garden of Remembrance.
## **Pastoral care and service to our community**
Holy Communion and visits to the housebound by our dedicated pastoral team were not able to resume in 2021, as were visits to local nursing homes. Rev Stewart McTaggart has visited parishioners and provided Pastoral care and support this year.
Holiday club did not take place this year due to the Pandemic but is planned to take place in August 2022. Messy Church resumed in September 2021.
The Mother’s Union, Prayer Group, Bible Study have not resumed as yet, but the Bowling Club have been able to meet this year.
The Leadership team of Emmanuel continued to phone members of the church on a weekly basis during times of lockdown and restrictions. Weekly phone calls to a smaller group continued weekly to those who were isolating, shielding or housebound.
Page 4 of 15
## **EMMANUEL PARISH CHURCH PCC**
## **REPORT OF THE PCC (continued) FOR THE YEAR ENDED 31 DECEMBER 2021**
## **Youth and Children's Work**
The Beavers, Cubs, Scouts, Rainbows, Brownies and Guides were able to meet in person again in the later part of 2021. Rev Stewart McTaggart has visited the uniformed organisations, developing our links with them.
As previously mentioned, the Children’s Holiday Club was unable to go ahead this year. Leaders look forward to holding the Holiday Club once again in the Summer of 2022.
Messy Church congregation have been having monthly services since September 2021.
## **Other Activities**
We look forward to hosting concerts, recitals and welcoming visitors to our beautiful church as soon as it is safe to do so.
## **Church Buildings**
General maintenance has been carried out to the church and halls as required. The grounds have continued to be maintained by a willing group of volunteers and we are continuing to pay a gardener to help volunteers with this task.
The church is in general good order. The terrier and inventory have been maintained and all goods and chattels remain in place.
## **FINANCE, GIVING, FUNDRAISING, FINANCIAL REVIEW AND INVESTMENTS**
The accounts for 2021 show income of £103,314 compared to £79,080 in 2020. Ordinary weekly giving was a touch above £43,000 compared to nearly £28,000 in 2020 which is a good result given that the church was closed for 6 months of the previous year due to the Covid pandemic and is starting to return to previous levels.
The pandemic also resulted in continued reduced income from church events, weddings and the halls of nearly £20,000 on pre-pandemic amounts. Legacies amounted to £20,000 compared to £730 in 2020.
Total expenditure was £115,580 compared to £143,285 in 2020. As well as £63,111 paid in parish share for clergy across the Diocese we spent £23,652 on the church building.
The investments in the endowment funds continue to be managed by CCLA and showed a further increase in 2021 of almost £28,000 due to growth in the stock market. The original legacy of £110,000 has now increased in value to £260,222 and produces a yield of around 3% for maintenance of the church activities.
Our budget for 2022 maintains the previous years levels and shows planned expenditure of £105,500 including £65,000 for parish share. Anticipated income of £94,500 is more optimistic given that the worst of the pandemic is behind us although the current economic climate is still uncertain. We expect a deficit of £11,000 which will have to come from our mission fund reserves.
Page 5 of 15
## **EMMANUEL PARISH CHURCH PCC**
## **REPORT OF THE PCC (continued) FOR THE YEAR ENDED 31 DECEMBER 2021**
## **PLANS FOR THE FUTURE**
Our objectives for the coming year include:
- = We are fully committed to the LYCIG course to grow Emmanuel in numbers and discipleship.
- = To open a playgroup for tots and their carers, (Emmanuel Sunbeams).
- = To install new boilers to ensure Church heating is kept to a comfortable temperature.
- = To continue to pursue links with Stanley School and Marshside School whilst maintaining and increasing the foothold already in Larkfield School.
- = Continue ongoing Safeguarding training as and when required.
- = To celebrate the Queen’s Jubilee with 4 days of family activities.
- = To recommence and increase mission events closed through the pandemic, holiday club, strawberry tea, fairs etc.
This report was approved by the PCC on 11 April 2022 and signed on its behalf by:
…..............................
Rev Stuart McTaggart Vicar
Page 6 of 15
## **EMMANUEL PARISH CHURCH PCC**
## **INDEPENDENT EXAMINER'S REPORT FOR THE YEAR ENDED 31 DECEMBER 2021**
This report on the financial statements of the PCC for the year ended 31 December 2021, which are set out on pages 8 to 15 is in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 ('the Regulations') and section 145 of the Charities Act 2011 ('the 2011 Act').
## **Respective responsibilities of the PCC and the examiner**
The members of the PCC are responsible for the preparation of the accounts. The members of the PCC consider that an audit is not required for this year under section 144(2) the 2011 Act and that an independent examination is needed. It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act.
- follow the procedures laid down in the General Directions given by the Charity Commission under
- section 145(5)(b) of the 2011 Act, and
- to state whether particular matters have come to my attention.
## **Basis of independent examiner's statement**
My examination was carried out in accordance with General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the PCC concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is limited to those matters set out in the statement below.
## **Independent examiner's statement**
In the course of my examination, no matter has come to my attention:
- 1) which gives me reasonable cause to believe that, in any material respect, the PCC have not met the requirements to ensure that:
- to keep accounting records in accordance with section 130 of the 2011 Act; and
- to prepare accounts which accord with the accounting records and comply with the accounting
- requirements of the 2011 Act; or
- 2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
Signed
30 June 2022 Dated
Daniel Styles FCA Chartered Accountant Lifestyles Accountancy Limited 39 Kirklees Road Southport PR8 4RB
Page 7 of 15
## **EMMANUEL PARISH CHURCH PCC**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021**
|**Note**
**INCOME AND ENDOWMENTS**
Donations and Legacies
2a
Income from trading activities
2b
Investment Income
2c
Income from charitable activities
2d
**TOTAL INCOME AND ENDOWMENTS**
**EXPENDITURE**
Charitable activities
3a
Fundraising costs
3b
**TOTAL EXPENDITURE**
**NET INCOME/(EXPENDITURE) before**
**gains and losses on investments**
Gain/(loss) on investments - unrealised
**NET INCOME/(EXPENDITURE)**
**BALANCES at 1 January 2021**
**BALANCES at 31 December 2021**|**Unrestricted**
**Restricted**
**Endowment**
**TOTAL**
**TOTAL**
**Funds**
**Funds**
**Funds**
**2021**
**2020**
**£**
**£**
**£**
**£**
**£**
69,106
-
-
69,106
48,670
21,478
-
-
21,478
15,016
7,508
-
-
7,508
8,416
5,222
-
-
5,222
6,978
103,314
-
-
103,314
79,080
113,863
-
-
113,863
142,145
1,717
-
-
1,717
1,140
115,580
-
-
115,580
143,285
(12,266)
-
-
(12,266)
(64,205)
239
-
27,753
27,992
13,702
(12,027)
-
27,753
15,726
(50,503)
146,587
5,406
232,469
384,462
434,965
134,560
5,406
260,222
400,188
384,462|
|---|---|
Page 8 of 15
## **EMMANUEL PARISH CHURCH PCC**
## **BALANCE SHEET FOR THE YEAR ENDED 31 DECEMBER 2021**
||**Notes**|**2021**|**2020**|
|---|---|---|---|
|||**£**|**£**|
|**FIXED ASSETS**||||
|Tangible|5|1,000|1,000|
|Investments|5|262,080|234,088|
|**CURRENT ASSETS**||||
|Debtors & prepaid expenses||4,500|5,200|
|Short term CCLA deposits||112,168|172,107|
|Bank balances||37,222|9,707|
|||153,890|187,014|
|**CURRENT LIABILITIES**||||
|Creditors-amounts falling due in one year||16,782|37,640|
|||16,782|37,640|
|||||
|**NET CURRENT ASSETS**||137,108|149,374|
|||||
|**TOTAL NET ASSETS**||**400,188**|**384,462**|
|**PCC FUNDS**||||
|Endowment|5|260,222|232,469|
|Restricted|6|5,406|5,406|
|Designated|6|142,348|142,348|
|Unrestricted|6|(7,788)|4,239|
|||**400,188**|**384,462**|
Approved by the PCC on 11 April 2022 and signed on its behalf by:
…………………………………… Mrs Linda Dewing Churchwarden
Rev Stewart McTaggert Vicar
Page 9 of 15
## **EMMANUEL PARISH CHURCH PCC**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1 ACCOUNTING POLICIES**
The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and R of I (FRS 102) as amended.
The financial statements have been prepared under the Charities Act 2011 and the 2008 accounting and reporting regulations based on the current version of the Charities SORP (FRS102). Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated. The financial statements 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 their affiliation to another body nor those that are informal gatherings of church members.
## **Funds**
_Endowment Funds_ are funds the capital of which cannot be used but the income can be used for general purposes.
_Restricted Funds represent donations or grants received for a specific purpose and can only be used for that purpose. Any balance left is carried forward in that fund. The funds are not separately invested and interest received is apportioned to individual funds on an average balance basis. Designated Funds_ represent grants or donations to general funds which have been subsequently designated by the PCC for specific purposes and can be undesignated back to general funds at a later date by the PCC.
_Unrestricted Funds_ are general funds which can be used for the ordinary purposes of the church. Funds not immediately required are invested on short term deposit with CCLA deposit funds.
## **Income and endowments**
Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the income to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the specified amount and where appropriate treated as restricted funds. Dividends are accounted for when receivable and interest is accrued. All other income is recognised when it is receivable. All income is accounted for gross without deducting related expenditure. Donated professional services and facilities are recognised as income at open market value when the charity has control over the item. General volunteer time is not recognised.
## **Expenditure**
Grants and donations are accounted for when paid or when awarded by the PCC. Parish share is accounted for when due. Donations for mission, wedding and funeral fees for occasional offices and expenditure out of restricted grants and donations are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross without deducting related income.
## **Fixed Assets**
Consecrated and benefice property is not included in the accounts in accordance with s.10 (10)(a) of the Charities Act 2011. Moveable church furnishings held by the vicar and churchwardens on special trust for the PCC and which require a faculty for disposal are inalienable property listed in the church's inventory. Anything purchased or donated after 2005 costing or valued over £1,000 will be shown in the accounts as furnishings. Equipment used within the church premises and halls is depreciated over four years but items costing or valued at less than £1,000 are written off in the year of acquisition. Land at Radnor Drive has been included at an estimated value of £1,000 as no historic cost information is available. Investments are valued at market value at 31 December.
Page 10 of 15
## **EMMANUEL PARISH CHURCH PCC**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1 ACCOUNTING POLICIES (continued) Reserves**
The PCC is encouraged to hold reserves to meet regular anticipated expenses for three months which would amount to around £30,000. At present the free general reserves are overdrawn by £7,988 (2020 £4,239 in credit) excluding designated funds and it is therefore necessary to use part of the designated mission fund to cover the deficit whilst progress is made towards increasing regular giving through the Giving in Grace programme and other initiatives over the next few years.
## **2 INCOME AND ENDOWMENTS**
|a _Donations and legacies:_
Planned Giving
Income tax and vat recoverable
Cash collections
Gift Day
Income tax on gift day
Legacies
Sundry donations
Joshua Fund grant for new congregation
Appeals for charities
b _Income from trading activities:_
Fetes,concerts and attic sales
Church halls income
Tower rental income
c _Investment income:_
Endowment bequest interest
CBF funds interest
Radnor Drive rent
d _Income from charitable activities:_
Wedding & Funeral fees
Magazines coffee and candles
**TOTAL INCOME AND ENDOWMENTS**|**Unrestricted**
**Restricted**
**TOTAL**
**Funds**
**Funds**
**2021**
**£**
**£**
**£**
29,553
-
29,553
5,372
-
5,372
13,472
-
13,472
-
-
-
-
-
-
20,000
-
20,000
709
-
709
-
-
-
-
-
-
69,106
-
69,106
-
-
-
2,195
-
2,195
19,283
-
19,283
21,478
-
21,478
5,857
-
5,857
951
-
951
700
-
700
7,508
-
7,508
5,222
-
5,222
-
-
-
5,222
-
5,222
**103,314**
**-**
**103,314**|**TOTAL**
**2020**
**£**
21,382
7,982
6,605
4,392
923
730
977
5,000
679
48,670
1,068
2,405
11,543
15,016
5,329
2,237
850
8,416
6,509
469
6,978
**79,080**|
|---|---|---|
Page 11 of 15
## **EMMANUEL PARISH CHURCH PCC**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021**
|**3**
**EXPENDITURE**
a _Church activities and mission:_
LDBF - Ordinands Fund
Messy church & equipment
New Congregation
Southport Soup Kitchen
_Ministry activities:_
Parish share
Wedding & Funeral fees
Clergy housing
Clergy locums travel & phones
_Church buildings & worship:_
Heat, light, water & insurance
Repairs & maintenance
Access ramp costs
Church halls costs
Musicians & equipment repairs
Services, stationery & magazine
Independent examiners fees
a _Total church activites and mission costs_
b _Fundraising costs:_
Cost of generating funds
**TOTAL EXPENDITURE**|**Unrestricted**
**Restricted**
**TOTAL**
**Funds**
**Funds**
**2021**
**£**
**£**
**£**
1,759
-
1,759
-
-
-
-
-
-
-
-
-
1,759
-
1,759
63,111
-
63,111
4,095
-
4,095
807
-
807
784
-
784
68,797
-
68,797
12,212
-
12,212
23,652
-
23,652
-
-
-
4,532
-
4,532
714
-
714
2,097
-
2,097
100
-
100
43,307
-
43,307
113,863
-
113,863
1,717
-
1,717
1,717
-
1,717
**115,580**
**-**
**115,580**|**TOTAL**
**2020**
**£**
530
119
4,480
200
5,329
67,699
3,446
4,353
942
76,440
11,329
2,785
35,070
6,308
2,024
2,590
270
60,376
142,145
1,140
1,140
**143,285**|
|---|---|---|
## **4 STAFF COSTS**
During the year the PCC engaged an organist and verger for church and cleaners for the halls who received fees for performances under a contract for services not under a contract of employment. Gardening and cleaning services were provided for church buildings on a voluntary basis. No payments other than for minor expenses were paid to PCC members or their families. A small portion of the expenses paid to the incumbent may have related to their services as chair of the PCC.
Page 12 of 15
## **EMMANUEL PARISH CHURCH PCC**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021**
## **5 FIXED ASSETS**
## **(a) Tangible**
Land at Radnor Drive, Churchtown presently held on long lease from Sefton Council until 2041 at a rent of £20 per annum and currently used by Emmanuel Scout group has been valued on current use at £1,000 by
|**(b) Investments**
**Units**
**Endowment Funds**
CBF Investment growth shares
9,855.84
CBF Fixed interest funds
18,577.07
**Unrestricted Funds**
CBF Investment income shares
79.36|**Cost**
**Market value**
**2021**
**£**
**£**
97,171
230,805
32,380
29,417
129,551
260,222
953
1,858
130,504
262,080|**Market value**
**2020**
**£**
201,046
31,423
232,469
1,619
234,088|
|---|---|---|
## **6 FUNDS**
## **(a) Endowment Funds**
The endowment fund is a permanent endowment of the Foinquinos bequest which requires that only the income can be spent on the general work and ministry of the church with the capital invested.
## **(b) Restricted Funds**
|Charities & Mission
Memorial Chapel|**2021**
**Income**
**Expended**
**£**
**£**
**£**
1,568
-
-
3,838
-
-
5,406
-
-|**2020**
**£**
1,568
3,838
5,406|
|---|---|---|
The Memorial Chapel Fund is restricted to improvements to the Chapel in the South Transept. Other Restricted Funds were expended in the year in accordance with their restriction
|**(c) Unrestricted Funds**
Mission Fund - Designated
Legacy Fund - Designated
Total Designated Funds
General Fund|**2021**
**£**
137,348
5,000
142,348
(7,788)
134,560|**2020**
**£**
137,348
5,000
142,348
4,239
146,587|
|---|---|---|
The Mission Fund is designated for use in the wider mission of the church. The Legacy Fund is designated to improve church growth.
## **7 Analysis of net assets by fund:**
|Fixed assets
Net current assets
Fund Balance|**Unrestricted**
**Restricted**
**Endowment**
**TOTAL**
**TOTAL**
**Funds**
**Funds**
**Funds**
**2021**
**2020**
**£**
**£**
**£**
**£**
**£**
2,858
-
260,222
263,080
235,088
131,702
5,406
-
137,108
149,374
134,560
5,406
260,222
400,188
384,462|
|---|---|
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## **EMMANUEL PARISH CHURCH PCC**
## **NOTES TO THE FINANCIAL STATEMENTS (continued) FOR THE YEAR ENDED 31 DECEMBER 2021**
## **8 CHURCH GROUPS ACCOUNTS**
|**Group**
**Purpose**
**Bank**
Bowling Club
Britannia
Choir
Abbey
Events
To provide bowling facilities for
parishioners
To help with choral facilities &
membership in church from choir
fees received
To promote fellowship & fun with
events funded by donations|**Balance**
**Balance**
**31 12 20**
**Receipts**
**Payments**
**31 12 21**
**£**
**£**
1,935
-
1,935
1,837
-
-
1,837
170
303
-
473
**3,942**
**303**
**-**
**4,245**|
|---|---|
Scouts, Guides and Mothers Union groups are responsible to their own Charitable Bodies. Other Emmanuel groups not listed above do not maintain separate bank and cash funds but process their transactions through the Church's general funds.
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## **EMMANUEL PARISH CHURCH PCC**
## **BUDGET INCOME AND EXPENSES FOR THE YEAR ENDED 31 DECEMBER 2021**
|**Income**
Cash collections
Planned giving
Sundry donations
Tax refunds
Fees and Mast Income
Grants and Legacies
Events
Halls income
Magazines & other income
Investment Income
Gift Day excluding tax
**Total Income**
**Expenditure**
Parish share
Ministry and fees
Church heat, light, water, insurance
Halls heat, light, water, insurance & repairs
Worship services, mission & office
Church repairs
**Total Expenditure**
**_(Deficit)/Surplus for the year_**
**_Gain on Investments_**
**_Deferred Parish Share_**
**_Adjusted (Deficit)/Surplus_**|**Budget**
**2022**
8,000
25,000
5,000
10,000
18,500
-
6,000
9,000
1,000
8,000
4,000
**94,500**
65,000
6,000
12,000
7,500
10,000
5,000
**105,500**
**_(11,000)_**
-
-
**_(11,000)_**|**Actual**
**Budget**
**2021**
**2021**
13,472
8,000
29,553
25,000
709
5,000
5,372
10,000
25,205
18,500
20,000
-
-
6,000
2,195
9,000
-
1,000
6,808
8,000
-
4,000
**103,314**
**94,500**
63,111
65,000
5,686
6,000
12,212
12,000
4,532
7,500
6,387
10,000
23,652
5,000
**115,580**
**105,500**
**_(12,266)_**
**_(11,000)_**
27,992
-
-
-
**_15,726_**
**_(11,000)_**|
|---|---|---|
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