## **St Stephen with St Julian – PCC Annual Report for the year 2021** St Stephen’s Parochial Church Council has the responsibility of co-operating with the incumbent in promoting in the ecclesiastical parish the whole mission of the church, pastoral, evangelistic, social and ecumenical. It is also responsible for maintaining the Church Centre. ## **Membership** Members of the PCC are either ex-officio or elected at the Annual Parochial Church Meeting (APCM) in accordance with the church representation rules. During the year the following served as members of the PCC. Incumbent Revd Rebecca Leach Assistant Curates Revd Patrick Moriarty Revd Kirsty Wainwright Churchwardens Mike Gibbs Peter Clough - resigned Dec 2021 (ill health) Neil Johnston elected from Dec 2021 Deputy Churchwardens Anthony Coles at St Julian’s Joanna Field Sunday Duty Wardens Maggie Dodd at St Stephen’s Neil Johnston David La Riviere Representatives to the Deanery Synod Andy Sharp (also Lay Vice Chair PCC) Maggie Dodd Sian Goodwin Elected Members Suzanne Clough Hamish Hamilton Rachel Johnston Dave La Riviere Sue Lutz Richard Pether Karen Pett Mary Willatt (Secretary) Tim Vellacott St Julian’s Representatives Randal ffrench (Treasurer) Mike Gibbs (also Churchwarden) Carole Sharp ## **Other Officers in the Parish** Health and Safety Officer Anthony Coles (St Stephen’s and St Julian’s) Safeguarding Officer Jane Wright Electoral Roll Officer Diane Scott Environment Officer Rachel Johnston ## **Committees** The PCC operates through a number of committees, which meet between full meetings of the PCC. ## Standing Committee This is the only committee required by church law. It has power to transact the business of the PCC between the meetings, subject to any direction given by the council. It oversees the general financial dimensions of the work of St Stephen’s and St Julian’s. Buildings Attends to church buildings and fabric, the churchyard and 12 Tavistock Avenue. Charities Children and Youth Communications Community Café Community Engagement Environment Finance Lunch Club Pastoral Care Social and Fund Raising Music and Worship ## **St Julian’s District Church Council** Attends to matters relating to St Julian’s Church, including the general upkeep of the buildings and surrounding area. Organises social events and functions. ## **Church Attendance** There are 146 names on the Church Electoral Roll. The average Sunday attendance at St Stephen’s and St Julian’s has varied during the year depending on Covid restrictions and guidance. The live and recorded services have been many and varied, enabling the members of the parish and wider community to feel connected and supported during another very challenging year. During the early part of the year, during lockdown, the number of people watching services on-line was much the same as in the previous lockdown. Evening and morning prayer had an average count of 15 people watching and the younger people enjoyed Tots and Teddies and Sunday Explorers. ‘Viewer’ numbers were high for all the Sunday services, varying from 91 to 158, and of course there may have been more than one person watching per household. As expected, the numbers of people watching on-line dropped when worship was available again in the two churches, to around 60 each week, increasing to 91 for the Carol Service. The midweek Night Prayer resumed at weekly or two weekly intervals, sometimes with refreshments beforehand. The early morning services resumed their normal pattern, with the welcome addition of coffee and cake at St Stephen’s after the 9.15 service of Holy Communion. The attendees were willing helpers to a project, run by Maggie Dodd as an Anna Chaplain, of making and decorating stars to send to elderly residents in St Albans. The Friday morning prayer time continued each week on Zoom. The PCC wish to record their thanks to Alison Pether, who accomplished an amazing task, especially during the Covid restrictions, circulating the Pew Sheet and notices, and the Parish Magazine to more than 200 people, and completing many other tasks. ## **Review of the year.** The Parochial Church Council met six times during the year, using Zoom when Covid rules did not permit meeting in person or when the guidelines recommended caution. The various committees met between PCC meetings and sent their reports to the PCC for discussion where necessary. Unlike 2020, the APCM was able to be held in April 2021 at the usual time of year, therefore this report covers the calendar year of 2021. The PCC continues to include Parish Safeguarding as an item for discussion at each meeting. This ensures we are up to date with the rules and regulations and that all necessary training is completed. We are most grateful to Jane Wright for her work in ensuring the parish meets its commitments. Matters relating to Health and Safety are reported at each meeting and actions taken as necessary. The PCC took the issues relating to Covid compliance very seriously and spent much time discussing matters such as the allocation of places at services, social distancing, safety, signage, track and trace and the guidelines relating to the opening of the halls to make them Covid compliant. ‘Open Church’ at St Stephens was resumed following the re-opening of the church after Covid restrictions were lifted on 21[st] March 2021. The PCC approved any necessary actions to improve the technology required for the streaming of online services. An outdoor PA system was purchased and has been used on several occasions such as Palm Sunday and the Crib Service. As is usual at the May meeting, the PCC approved the members of the Standing Committee and elected the various officers of the PCC and the Conveners of the many committees. The PCC also approved the names of the Communion Assistants. The Treasurer, Randal ffrench, provided financial reports each month to the PCC and Standing Committee meetings. The Annual Parish Accounts for 2021 are not included in this report and are printed separately. At an extra-ordinary meeting of the PCC held on 21.11.21 the accounts were approved, not having been able to have been examined by an external person prior to the APCM in April 2021. In addition, at this meeting, Neil Johnston was elected to be a Churchwarden, replacing Peter Clough who had resigned due to ill health. The Environment Officer presented regular reports about trainings, seminars and events. Silver Award levels of the Eco Church Awards are close to being completed at each church. The area of Worship at each church is already at Gold level. During the year the PCC received regular reports of the progress being made towards the installation of replacement lights at St Stephen’s. The project, completed in the summer, has made the church so much brighter and more colourful and good use is made of the system to have lights in certain areas. The PCC expressed thanks to Richard Pether for his considerable input with this project. Decisions were made relating to Charity spending, both locally and overseas, and the church continues to support the community by collecting donations to the Food Bank and the Hygiene Bank. The PCC were pleased to receive the ideas, as in the previous year, of the provision of a lit Christmas tree in the churchyard and Advent quotes on a board on the church path near the pedestrian crossing on Watling Street. Other items discussed during the year have included: the provision of Solar Panels at St Stephen’s, the provision of defibrillators at each church, the renewal of the lease for the car park at St Stephen’s, hall hire charges at St Stephen’s, the condition of the ancient horse chestnut tree, and receiving new tenders for the cutting of the grass in the churchyard. The PCC also received a very detailed report on the condition of the organ, now showing signs of age. An induction Pack was completed to welcome new members to the PCC. Members of the PCC and DCC attended an ‘Away half-day’ in order to consider the priorities of the new MAP (Mission Action Plan) and to create smart goals. A new initiative was the decision to devote time at three PCC meetings in a year to have a targeted discussion focused on ministry and mission. In July Rachel Johnston, Diocesan Environment Officer, gave a power point presentation which included an update of the global position on Climate Change, the commitment of the Church of England and the Five Marks of Mission, COP 26 and the pilgrimage passing through St Albans in August and the progress made towards the Eco Church Award. This was followed by discussion relating to the mission Action Plan goals in this area and the next steps for the parish. In September Margaret Houston Pritchard, the Diocesan Children’s Mission Enabler, provided ideas and led discussions about revitalising children’s and families’ ministry. Finally the members of the PCC unanimously wish to record their appreciation to Becky, Kirsty and Patrick for all that has been achieved, supporting everyone in the Parish and wider community as we move from challenging times to more normal life. Mary Willatt, PCC Secretary. Accounts 2021 ## **Parochial Church Council of St. Stephen's with St. Julian's, St. Albans Statement of Financial Activities** ## **For the year ending 31 December 2021** |Note
**INCOMING RESOURCES**
_Voluntary Income_
2a
_Activities for generating funds_
2b
_Investment Income_
2c
_Trading_
2d
_Church Activities_
2e
_Other incoming resources_
2f
**TOTAL INCOMING RESOURCES**
**RESOURCES EXPENDED**
_Costs of generating funds_
3a
_Church Activities_
3b
_Church Expenses_
3c
_Major Capital Expenditure_
3d
_Other Out-goings_
3e
**TOTAL RESOURCES EXPENDED**
**NET INCOMING/(OUTGOING) RESOURCES**
Transfer between funds
**NET MOVEMENT IN FUNDS**
BALANCES BROUGHT FORWARD AT
1 JANUARY 2021
**BALANCES CARRIED FORWARD AT**
**31 DECEMBER 2021**|**Unrestricted**
**Funds**
£
119,011
3,678
161
17,110
8,580
80
**148,619**
0
93,737
35,003
6,697
2,233
**137,670**
10,949
0
**10,949**
216,633
**227,582**|**Designated**
**Funds**
£
11,071
1,360
19
5,443
5,375
335
**23,603**
561
11,886
5,857
0
0
**18,304**
5,300
0
**5,300**
52,011
**57,311**|**Restricted**
**Funds**
£
18,849
0
0
0
0
472
**19,321**
144
0
572
42,480
0
**43,196**
(23,876)
**(23,876)**
122,384
**98,508**|**TOTAL**
**2021**
£
148,931
5,039
180
22,552
13,955
887
**191,543**
705
105,623
41,432
49,178
2,233
**199,170**
(7,627)
0
**(7,627)**
391,028
**383,401**|**FUNDS**
**2020**
£
149,963
6,715
1,524
15,498
5,766
404
**179,870**
1,356
108,459
46,648
1,907
813
**159,183**
20,686
0
**20,686**
370,342
**391,029**| |---|---|---|---|---|---| Note 1: See page 3 Notes 2: See page 5 Notes 3: See page 5 Page 1 Accounts 2021 ## **Parochial Church Council of St. Stephen's with St. Julian's, St. Albans** ## **Balance Sheet at 31 December 2021** |Note
**FIXED ASSETS**
Tangible fixed assets
4
Investment assets
**CURRENT ASSETS**
5
Stock
Debtors
7
Short term deposits
Cash at bank and in hand
**LIABILITIES: AMOUNTS FALLING DUE WITHIN ONE YEAR**
8
**NET CURRENT ASSETS**
**NET ASSETS**
**FUNDS**
6
Unrestricted
Designated
Restricted|2021
£
240,000
0
-
4,046
337,950
47,922
389,918
(6,517)
**383,401**
623,401
467,598
57,295
98,508
**623,401**|2020
£
240,000
0
-
2,911
351,825
44,814
399,550
(8,521)
**391,029**
631,029
456,634
52,011
122,384
**631,029**| |---|---|---| Approved by the Parochial Church Council on March 8th 2022 and signed on its behalf by: The notes following form part of these accounts Page 2 Accounts 2021 **Parochial Church Council of St. Stephen's with St. Julian's, St. Albans Notes to the Financial Statements for the year ended 31/12/2021** **1 Accounting Policies** The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 and the Charities Act 2011 together with applicable accounting standards and the SORP 2005 The financial statements have been prepared under the historical cost convention. ## **Funds** General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. Restricted funds can only be used for the purposes specified by the giver. Funds designated for the use of the St. Julian's DCC are shown separately as Designated. 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 their main affiliation to another body or those that are informal gatherings of church members. ## **Incoming Resources: Voluntary income and capital sources** Collections are recognised when received by or on behalf of the PCC. Planned giving is recognised only when received. Income tax recoverable on donations is estimated monthly as a debt. This debt is written off when the payment 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 the auction, summer fair and similar events are accounted for gross. ## **Other Income** Rental income from the letting of church premises is recognised when the rental is due. **Income from investments** There has been no investment income during the year. **Resources Used: Grants** Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC. **Activities directly related to the work of the Church** The diocesan parish share is accounted for as sums are paid. Any parish share unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet. **Fixed Assets: Consecrated property and movable church furnishings** Consecrated and beneficed property is excluded from the accounts by s.96(2) of the Charities Act 1993. ## **Inalienable Assets:** St. Julian's Church is dedicated and should be accounted for as inalianable property. However, it has not been valued and the cost of valuation is judged to be not worth the benefit obtained. For this reason it is not included in the accounts. Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted for as inalienable property unless consecrated. They are listed in the church's Inventory which can be inspected (at any reasonable time). For inalienable property acquired prior to these accounts, there is insufficient cost information available and therefore no such assets are valued in these accounts. All expenditure incurred in the year on consecrated or beneficed buildings, individual items under £15,000 or on the repair of movable church furnishings is written off. ## **Other fixtures, fittings and office equipment** Equipment used within the church premises is depreciated on a straight line basis over 4 years. Individual items of equipment with a purchase price of £15,000 or less are written off when the asset is acquired. ## **Investments** There are no investments held. ## **Current Assets** Amounts owing to the PCC at 31 December in respect of fees, rents or other income are shown as debtors less provision for amounts that may prove uncollectible. Short term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank. Page 3 Accounts 2021 ## **St Stephen's with St. Julian's Parish reserves Policy** By law a charity is not allowed to hoard funds. The PCC has to justify the reserves that it holds. In this context, Reserves are the current assets less the restricted funds: i.e. those funds readily available for any eventuality. We are required to state a minimum that it is prudent to hold and a maximum that we can justify. ## **1. Minimum Reserve** Any problems with cash flow may not be identified immediately as income and expenditure fluctuate from month to month. It is considered prudent to ensure that reserve are greater than six month's expenditure to allow three months to identify a problem and another three months for action to show results. ## **2. Maximum Reserve** Expenditure on Quinquennial items during the five years between quinquennial inspections could credibly reach £150,000. The most that we can justifiably hold in excess of the miminum reserve would be this plus any planned projects. ## **3. 2021** For 2021 these policies become: a) Half of 2021 expenditure = £ 76,870 Minimum Reserve **Say £80,000** b) Possible projects: Organ Refurbishment 10,000.00 St. Julian's Vestry 5,000.00 Projection Equipment 35,000.00 St. Julian's Windows 20,000.00 St. Stephens Boundary W 10,000.00 **Total £80,000** The maximum reserve for 2021 is therefore £80,000 Quinquennial £150,000 Other £80,000 Maximun Reserve Total **£310,000** These limits can be breached - it is merely that the PCC feel it is prudent to attempt to keep the reserves above the minimum and below the maximum. **At the end of 2021 the reserves were £284,993** Page 4 Accounts 2021 ## **Parochial Church Council of St. Stephen's with St. Julian's, St. Albans Notes to the Financial Statements** ## **for the year ended 31/12/2021** **----- Start of picture text -----**
2 Incoming Resources
Unrestricted Designated Restricted Total 2021 Total 2020
2a Voluntary Income
Planned giving tax efficient 52,353.06 7,957.61 0.00 60,310.67 57,322.10
Gift Aid recovered 15,624.03 1,644.49 17.50 17,286.02 14,240.39
Other Planned giving 98.00 0.00 0.00 98.00 480.00
Collections 2,562.52 358.77 0.00 2,921.29 4,596.15
Grants 0.00 0.00 0.00 1,000.00
Legacies 36,000.00 0.00 36,000.00 52,112.00
Other giving 12,373.22 1,110.61 18,831.14 32,314.97 20,211.67
Total 119,010.83 11,071.48 18,848.64 148,930.95 149,962.31
2b Activities for generating funds
Fairs and other fund raising 3,678.37 1,360.30 0.00 5,038.67 6,714.86
Total 3,678.37 1,360.30 0.00 5,038.67 6,714.86
2c Investment income
Interest (gross) bank 160.56 19.17 0.00 179.73 1,524.38
Rent - 12 Tavistock Ave 0.00 0.00 0.00 0.00
Total 160.56 19.17 0.00 179.73 1,524.38
2d Trading
Hall hire 13,450.00 5,117.50 18,567.50 12,354.50
Magazine 1,525.70 1,525.70 1,453.65
Cards 2,134.00 0.00 2,134.00 1,165.00
St. Julian's Trading 0 64.80 64.80 44.64
Community Café 0.00 260.22 0.00 260.22 480.19
Total 17,109.70 5,442.52 0.00 22,552.22 15,497.98
2e Church Activities
Fees - Weddings and funerals 8,580.00 8,580.00 5,006.00
Organ Fund 5,375.00 5,375.00 760.00
Total 8,580.00 5,375.00 0.00 13,955.00 5,766.00
2f Other Ordinary Income
Insurance claims 0 0.00 0
Other Income 79.51 334.97 472.02 886.50 403.91
Total 79.51 334.97 472.02 886.50 403.91
Total of Incoming resources 148,618.97 23,603.44 19,320.66 191,543.07 179,869.44
**----- End of picture text -----**
## **3 Resources expended** |**3a**
**Costs of generating funds**
Costs of fund-raising activities
Total
**3b**
**Church Activities**
Mission giving, donations
Parish share
Salaries, wages and Honoraria
Clergy and staff expenses
Total
**3c**
**Church expenses**
Mission and evangelism
Church running expenses
Church utility bills
Cost of Trading
Community Café
Total
**3d**
**Major Capital Expenditure**
Major repairs to the church
Major repairs to the hall
New building
Total
Sub-total for church activities& expe
**3e**
Governance
Other out-goings
Total
Transfers between funds
Total of resources expended
**Surplus/loss**|Unrestricted
Designated Restricted
Total 2021
Total 2020
0.00
560.93
144.00
704.93
1,356.16
0.00
560.93
144.00
704.93
1,356.16
2,650.00
2,001.77
0.00
4,651.77
8,125.75
66,508.80
9,884.20
0.00
76,393.00
80,967.00
0.00
0.00
0.00
0.00
0.00
5,925.00
0.00
0.00
5,925.00
1,220.00
18652.76
0.00
0.00
18,652.76
18,146.52
93,736.56
11,885.97
0.00
105,622.53
108,459.27
2,046.62
0.00
0.00
2,046.62
3,191.31
16,708.30
982.14
100.00
17,790.44
21,458.61
8,463.95
253.75
0.00
8,717.70
8,943.25
7,784.22
4,465.61
472.02
12,721.85
12,819.45
155.33
155.33
235.11
35,003.09
5,856.83
572.02
41,431.94
46,647.73
6697.37
0.00
42,480.38
49,177.75
1906.54
0
0.00
0.00
0
0
0.00
0.00
0
6,697.37
0.00
42,480.38
49,177.75
1,906.54
nses
135,437.02
18,303.73
43,196.40
196,937.15
158,369.70
0.00
0.00
0.00
2,233.08
2,233.08
813.39
137,670.10
18,303.73
43,196.40
199,170.23
159,183.09
0.00
0.00
0.00
0.00
0.00
137,670.10
18,303.73
43,196.40
199,170.23
159,183.09
10,948.87
5,299.71
(23,875.74)
(7,627.16)
20,686.35| |---|---| Page 5 Accounts 2021 ## **Parochial Church Council of St. Stephen's with St. Julian's, St. Albans Notes to the Financial Statements for the year ended 31/12/2021** |**4**
**Fixed Assets**
Investments|Total
Total
Unrestricted
Designated
Restricted
2021
2020
240,000.00
0.00
240,000.00
240,000.00
0.00
0.00
0.00| |---|---| The property owned at 12, Tavistock Avenue was revalued in April 2002. It is insured for £289,174 St. Stephen's church and hall are not required to be valued. However, they are insured for £6,324,504 St. Julian's Church is an inalianable asset. It has not been valued and so is not included. St. Julian's Church is insured for £935,000 |**5**
**Current Assets**
Stock
Debtors
Short term deposits
Cash & Current account
Liabilities
Net Current assets
Net assets
**6**
**Funds**
Unrestricted
Designated
Restricted
Total
**7**
**Debtors and Prepayments**
Deposits not yet paid in
Tax refund not yet received
Total
**8**
**Liabilities**
Accruals
assigned fees not paid
Cheques not yet cashed by
Creditors
Total|0.00
0.00
4,046.12
0.00
0.00
4,046.12
2,911.17
199,924.90
39,517.13
98,507.91
337,949.94
351,824.71
29,533.16
18,388.91
0.00
47,922.07
44,813.65
(5,906.00)
(610.66)
(6,516.66)
(8,520.90)
227,598.18
57,295.38
98,507.91
383,401.47
391,028.63
467,598.18
57,295.38
98,507.91
623,401.47
631,028.63
2021
2020
467,598.18
456,633.51
57,295.38
52,011.47
98,507.91
122,383.65
623,401.47
631,028.63
Unrestricted
Designated
Restricted
2021
2020
1715.00
0.00
0.00
1,715.00
862.00
2331.12
2,331.12
2,049.17
4,046.12
2,911.17
Unrestricted
Designated
2021
2020
(1,810.87)
(1,810.87)
(1,680.16)
(1,768.00)
(1,768.00)
(1,224.00)
recipient
(1,689.87)
(610.66)
(2,300.53)
(5,538.98)
(637.26)
(637.26)
(77.76)
(5,906.00)
(610.66)
(6,516.66)
(8,520.90)| |---|---| Page 6 Accounts 2021 ## **BALANCE SHEET OF ST. STEPHEN'S** **----- Start of picture text -----**
Balance sheet as at 31.12.20
Unrestricted Designated Restricted Total Total
Funds Restoration 2021 2020
Notes
Fixed Assets
1 Tangible fixed assets 240,000.00 240,000.00 240,000.00
Investment assets 0.00 0.00 0.00
Current Assets
Stock 0.00 0.00
Debtors 4,046.12 4,046.12 2,911.17
Short term deposits 199,924.90 13,567.99 98,507.91 312,000.80 326,730.43
Cash & Current account 29,533.16 18,077.00 47,610.16 42,379.09
Liabilities (5,906.00) (5,906.00) (6,594.85)
Net Current assets 227,598.18 31,644.99 98,507.91 357,751.08 365,425.84
Net assets 467,598.18 31,644.99 98,507.91 597,751.08 605,425.84
Represented by Funds
Unrestricted 499,243 483,042
Restricted 98,508 122,384
Total 597,751 605,426
**----- End of picture text -----**
1. The property owned at 12, Tavistock Avenue was revalued in April 2002 |**Statement of Financial Activities**
**Incoming Resources**
2
Voluntary income
3
Activities for generating funds
4
Investment income
5
Trading
6
Church Activities
7
Other ordinary income
Total
From St. Julian's
Total incoming resources
**Resources used**
8
Cost of generating funds
9
Church Activities
10
Church Expenses
11
Major Capital Expenditure
Other out-goings
Total
transfer between funds
Total
Surplus/deficit
Balances brought forward
at January 1st 2020
Transfers between funds
Balances carried forward
at December 31st 2020
balance
**Trading Summary**
Magazine
Hall
Other (cards, calendars)
Total|Unrestricted
Designated
Restricted
Total
Total
Funds
Restoration
2021
2020
119,010.83
18,449.64
137,460.47
139,026.11
3,678.37
0.00
3,678.37
5,683.36
160.56
6.42
0.00
166.98
1,406.50
17,109.70
260.22
0.00
17,369.92
11,487.34
8,580.00
5,375.00
0.00
13,955.00
5,766.00
79.51
0.00
79.51
195.71
148,618.97
5,641.64
18,449.64
172,710.25
163,565.02
9,900.00
9,900.00
9,900.00
**158,518.97**
**5,641.64**
**18,449.64**
**182,610.25**
**173,465.02**
0.00
0.00
144.00
144.00
1,052.73
103,620.76
0.00
0.00
103,620.76
105,843.52
35,003.09
405.33
100.00
35,508.42
39,879.77
6,697.37
0.00
42,081.38
48,778.75
441.08
2,233.08
2,233.08
813.39
**147,554.30**
**405.33**
**42,325.38**
**190,285.01**
**148,030.49**
0.00
0.00
0.00
0.00
10,964.67
5,236.31
(23,875.74)
(7,674.76)
25,434.53
216,633.51
26,408.68
122,383.65
365,425.84
339,991.31
**227,598.18**
**31,644.99**
**98,507.91**
**357,751.08**
**365,425.84**
0.00
0.00
0.00
0.00
0.00
2021
2020
(Expenses/Purchases)
Income
surplus / (loss)
1,690.00
1,525.70
164
-
359
-
4,054.83
13,450.00
9,395
4,241
a
2,039.39
2,134.00
95
144
7,784.22
9,325
4,026| |---|---| Notes: (a) Does not allow for Heat, Light and Insurance costs, nor any provision for cost of construction Page 7 Accounts 2021 ## **St. Stephen's Income and Expenditure** ## **for the year ended 31/12/2021** **----- Start of picture text -----**
Notes to Incoming Resources 2021 2021 2021 2021 2020 Notes to Resources Used 2021 2021 2021 2021 2020
Unrestricted Designated Restricted Total Total Unrestricted Designated Restricted Total Total
2 Voluntary Income Restoration General Restoration
Planned giving tax efficient 52,353.06 52,353.06 49,507.50 8 Costs of generating income
Gift Aid recovered 15,624.03 17.50 15,641.53 12,290.08 Costs of fund-raising activities 0.00 144.00 144.00 1,052.73
Other Planned giving 98.00 98.00 480.00 Total 0.00 0.00 144.00 144.00 1,052.73
Collections 2,562.52 2,562.52 4,111.14
Grants 0.00 0.00 1,000.00 9 Church Activities
Legacies 36,000.00 36,000.00 52,112.00 Mission giving, donations 2,650.00 2,650.00 5,510.00
Other giving 12,373.22 18,432.14 30,805.36 19,525.39 Parish share 76,393.00 76,393.00 80,967.00
Total 119,010.83 18,449.64 137,460.47 139,026.11 0.00 0.00
Salaries, wages and Honoraria 5,925.00 5,925.00 1,220.00
3 Activities for generating funds Clergy and staff expenses 18,652.76 18,652.76 18,146.52
Fairs and other fund raising 3,678.37 3,678.37 5,683.36 Total 103,620.76 0.00 0.00 103,620.76 105,843.52
Total 3,678.37 0.00 0.00 3,678.37 5,683.36
10 Church expenses
4 Investment Income Mission and evangelism 2,046.62 2,046.62 3,191.31
Interest 160.56 6.42 166.98 1,406.50 Church running expenses 16,708.30 250.00 100.00 17,058.30 20,923.23
Rent 0.00 0.00 0.00 Church utility bills 8,463.95 8,463.95 8,548.80
Total 160.56 6.42 0.00 166.98 1,406.50 Cost of Trading 7,784.22 7,784.22 6,981.32
5 Trading Community Café 155.33 155.33 235.11
Hall hire 13,450.00 13,450.00 8,388.50 Total 35,003.09 405.33 100.00 35,508.42 39,879.77
Magazine 1,525.70 1,525.70 1,453.65
Other 2,134.00 2,134.00 1,165.00 11 Major Capital Expenditure
Community Café 260.22 260.22 480.19 Major repairs to the church 6,697.37 42,081.38 48,778.75 441.08
Total 17,109.70 260.22 0.00 17,369.92 11,487.34 Major repairs to the hall 0.00 0.00 0.00
New building 0.00 0.00 0.00
6 Church Activities Total 6,697.37 0.00 42,081.38 48,778.75 441.08
PCC wedding etc fees 8,580.00 8,580.00 5,006.00
organ fund 5,375.00 5,375.00 760.00
Total 8,580.00 5,375.00 0.00 13,955.00 5,766.00 Sub-total for church activities and expenses 145,321.22 405.33 42,325.38 188,051.93 147,217.10
0.00 0.00
Other out-goings 2,233.08 2,233.08 813.39
7 Other ordinary income
Insurance claims 0.00 0.00 0.00 Total 147,554.30 405.33 42,325.38 190,285.01 148,030.49
Other income 79.51 79.51 195.71
Total 79.51 0.00 79.51 195.71 transfer between accounts
Total Resources used 147,554.30 405.33 42,325.38 190,285.01 148,030.49
Grand Total 148,618.97 5,641.64 18,449.64 172,710.25 163,565.02
172,710.25 Surplus/(Loss) 10,964.67 5,236.31 (23,875.74) (7,674.76) 25,434.53
Contribution from St. Julian's towards joint costs
9,900.00 9,900.00 9,900.00
Transfers between funds
Total Incoming Resources 158,518.97 5,641.64 18,449.64 182,610.25 173,465.02
**----- End of picture text -----**
Page 8 Accounts 2021 ## **ST JULIAN'S CHURCH - BALANCE SHEET AND STATEMENT OF FINANCIAL ACTIVITIES** ## **Balance sheet as at 31.12.21** |Fixed assets (see note)
Current assets
Stock
Debtors
Short term deposits
Cash
Current account
Liabilities
Net current assets
Net assets
Funds
Unrestricted
Restricted
Total|Unrestricted
Restricted
Total
Total
General
Savings
Designated
2021
2020
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
0.00
16749.14
9,200.00
1,229.68
0.00
27,178.82
26,219.07
0.00
0.00
0.00
0.00
0.00
311.91
0.00
0.00
311.91
2,434.56
610.66
0.00
0.00
610.66
1,926.05
16,450.39
9,200.00
1,229.68
0.00
26,880.07
26,727.58
16,450.39
9,200.00
1,229.68
0.00
26,880.07
26,727.58
26,880.07
26,727.58
0.00
0.00
26,880.07
26,727.58| |---|---| Note - St Julian's church is an inalienable asset. It has not been valued and is not included in the accounts. The church is insured for £935,000 ## **Statement of Financial Activities (SOFA)** ||||Unrestricted|Unrestricted||Restricted|Total|Total| |---|---|---|---|---|---|---|---|---| ||General||Savings||Designated||2021|2020| |**Incoming resources**||||||||| |(Row numbers refer to the attached||notes)||||||| |1-6 Voluntary Income||11,071.48||0.00|0.00|399.00|11,470.48|10,936.20| |7. Fund generating activites||1,360.30||0.00|0.00|0.00|1,360.30|1,031.50| |8. Investment Income||12.75||0.00|0.00|0.00|12.75|117.88| |9. Hall Hire||5,117.50||0.00|0.00|0.00|5,117.50|3,966.00| |10 Other trading||64.80||0.00|260.22|0.00|325.02|524.83| |11. Other Incoming resources||334.97||0.00|0.00|472.02|806.99|208.20| |Total||17,961.80||0.00|260.22|871.02|19,093.04|16,784.61| |**Resources used**||||||||| |12. Cost of generating funds||560.93||0.00|0.00|0.00|560.93|303.43| |**Church Activities**||||||||| |13. Mission giving, donations||2,001.77||0.00|0.00|0.00|2,001.77|2,615.75| |14. Parish share||9,900.00||0.00|0.00|0.00|9,900.00|9,900.00| |16. Salaries, wages and Honora||0.00||0.00|0.00|0.00|0.00|0.00| |17. Clergy and staff expenses||0.00||0.00|0.00|0.00|0.00|0.00| |**Church Expenses**||||||||| |18. Mission and evangelism||0.00||0.00|0.00|0.00|0.00|0.00| |19. Church running expenses||732.14||0.00|0.00|0.00|732.14|535.38| |20. Church utility bills||253.75||0.00|0.00|0.00|253.75|394.45| |21. Cost of Trading||4,465.61||0.00|155.33|472.02|5,092.96|6,073.24| |**Major Capital Expenditure**||||||||| |Major repairs to the church||0.00||0.00|0.00|399.00|399.00|1,465.46| |Major repairs to the hall||0.00||0.00|0.00|0.00|0.00|0.00| |New building||0.00||0.00|0.00|0.00|0.00|0.00| |Total||17,914.20||0.00|155.33|871.02|18,940.55|21,287.71| |**Transfers between funds**|||||||0.00|0.00| |||||||||| |**Net movement of funds**||47.60||0.00|104.89|0.00|152.49|-4,503.10| |Balance at start of year||16,402.79|9,200.00||1,124.79|0.00|26,727.58|31,230.68| |Balance at end of year||16,450.39|9,200.00||1,229.68|0.00|26,880.07|26,727.58| Page 9 Accounts 2021 **St. Julian's Income and Expenditure for the year ended 31/12/21** **----- Start of picture text -----**
Unrestricted Restricted Total Total Unrestricted Total Total
General Savings Designated 2021 2020 General Savings Designated Restricted 2021 2020
Incoming resources Resources used
Voluntary Income Cost of generating funds
12 Cost of fund-raising activities 560.93 0.00 0.00 560.93 303.43
1 Gift-aided 7,957.61 0.00 0.00 7,957.61 7,814.60 Total 560.93 0.00 0.00 560.93 303.43
2 Tax recovered 1,644.49 0.00 0.00 1,644.49 1,950.31
3 Other Planned 0.00 0.00 0.00 0.00 0.00
4 Collections 358.77 0.00 0.00 358.77 485.01 Church Activities
5 Other Giving 1,110.61 0.00 399.00 1,509.61 686.28 13 Mission giving, donations 2,001.77 0.00 0.00 0.00 2,001.77 2,615.75
Total 11,071.48 0.00 0.00 399.00 11,470.48 10,936.20 14 Parish share 9,900.00 0.00 0.00 9,900.00 9,900.00
15 0.00 0.00
Activities for generating funds 16 Salaries, wages and Honoraria 0.00 0.00
7 Fairs and other fund-raising 1,360.30 0.00 0.00 1,360.30 1,031.50 17 Clergy and staff expenses 0.00 0.00 0.00 0.00 0.00
Total 11,901.77 0.00 0.00 11,901.77 12,515.75
Investment Income
8 Interest 12.75 0.00 0.00 12.75 117.88 Church expenses
18 Mission and evangelism 0.00 0.00 0.00 0.00
Trading 19 Church running expenses 732.14 0.00 0.00 732.14 535.38
9 Hall hire 5,117.50 0.00 0.00 0.00 5,117.50 4,446.19 20 Church utility bills 253.75 0.00 0.00 253.75 394.45
10 Other trading 64.80 0.00 260.22 0.00 325.02 44.64 21 Cost of Trading 4,465.61 0.00 155.33 472.02 5,092.96 6,073.24
Total 5,182.30 0.00 260.22 0.00 5,442.52 4,490.83 Total 5,451.50 0.00 155.33 472.02 6,078.85 7,003.07
Other Incoming Resources
11 Other Incoming Resources 334.97 0.00 0.00 472.02 806.99 208.20 Major Capital Expenditure
22 Major repairs to the church 0.00 0.00 399.00 399.00 1,465.46
23 Major repairs to the hall 0.00 0.00 0.00 0.00 0.00
24 New building 0.00 0.00 0.00 0.00 0.00
Total 0.00 0.00 399.00 399.00 1,465.46
Grand total 17,961.80 0.00 260.22 871.02 19,093.04 16,784.61
Grand total 17,914.20 0.00 155.33 871.02 18,940.55 21,287.71
SURPLUS/(LOSS) 47.60 0.00 104.89 0.00 152.49 -4,503.10
**----- End of picture text -----**
Page 10 INDEPENDENT EXAMINER'S REPORT TO THE MEMBERS OF THE PARISH OF ST STEPHEN'S WITH ST JULIAN'S ST ALBANS I report on the accounts of the PCC for the year ended 31 December 2021. which are set out on pages 1 to 10. Respective responsibilitios of the members of the PCC and examlner As members of the PCC, you are responsible for the preparation of the acGounts and consider that an audit is not required for this year under section 14412) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. The PCC is preparing accrued accounts and l am qualified lo undertake the examination by being qualified member of the Institute of Chartered Ac¢ountanls of England and Wales {ICAEW). It is my responsibility to.. examine the accounts under section 145 of the Charities Act 2011., to follow th8 procedures laid down in the general Directions given by the Charity Commission under section 14515)(bl of the 2011 Act., and to State whether particular matters have come to my attention. Basis of Independent examlnorfs report My examination was carned oul in accordance with the general directions given by th8 Charity Commission. An examinalion includes a review of the accounting records kept by the chanty 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 you as trustees concerning any such matters. The Pro￿dUreS 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 'lrue and fair view, and the report is limited to those matters set out in the Statement below. Indepondent examlnorfs statement In connection with my examination. no matter has come to my attention.. 11) which gives me reasonable cause to believe that in any material respect the requirements.. to keep accounting records in accordance with section 130 of the 2011 Act.. or lo prepare accounts which accord with the accounting records have not been met., or 12) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached. Matthew Johns MA FCA 41 Mount Drive Park Street St Albans AL2 2NP 30 June 2022