THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, CAMBRIDGE ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 Registered Charity No 1131522
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, CAMBRIDGE PAGE 1 ACCOUNTS FOR THE YEAR ENDED 31 OECEMBER 2021 CONTENTS AND CHARITY INFORMATION CONTENTS PAGE Contents and Charty Information Independent Examiners Report Statement of Financ1 Activities Balance Sheet Notes to the Accounts 5t011 VICAR Rev'd Johannes Roth OFFICE ADDRESS Suez Road Cambridge CB1 3QD CHARrrY REGISTRATION NUMBER 1131522 INDEPENDENT EXAMINER Geoff Mann FCIE Geoff Mann Limited Dee House Highworth Avenue Cambndge CB4 2BQ BANKERS The C(hoperab"ve Bank PO Box 101 1 Ballc%)n Street Manchester M60 4EP
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, CAMBRIDGE PAGE 2 ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 INDEPENDENT EXAMINER'S REPORT TO THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, CAMBRIDGE I report to the trustees on my examination ofthe of the Church for the year ended 31 December 2021. RESPONSIBILITES AND BASIS OF REPORT Ag the members of the PCC you are reswnsible for the preparation of the accounts in accordan wilh the requirements of the Charttses Act 2011 llhe Acr). I report in respect of my examinab.on of the Church's luftts carried out under wtion 145 of the Act and in carrying out my exarninatn I have folhmd all the aleable Directions grven by the Charity Commission under sectM)n 145(5llb) of the Act INDEPENDENT EXAMINERS. STATEMENT I have compteted my examinat"on. I confim that rso material matters have come to my attentton in connection with the examination gkving me any cause to believe that in any rnaterial respect. - counting re¢(d$ were not kept in respeca of the Church as required by section 130 of the Act; or . the xcounts do not accord Trmth those reCd$. or - the )Unts do not comply with the aPpIable requirements conceming the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other thar¢ any requirement that the accoullts give a ue and fairt view which is not a matter nSidered as part of an independent eXaminatn. I have no concerns and have come acfOSS Other mattS in conneth.on the examination to which attention should be dfawn in this report in order to enable a proper understsnding of the accounts to be rea(d. Geoff Mann FCIE GeotF Mann Limited Dee House Highworth Avenue Cambridge CB4 2BQ IL fv LOLL.
THE PAROCHIAL ¢HURCH COUNCFL OF ThE EC¢LES1ASTAL PARLSH OF ST PAARTrI. CAMBRIDGE PAGE 3 ACCOU14TS FOR THE YEAR ENDED 31 DECEPABER 2021 STATEMENT OF FINANCIAL ACTIVITIES 2021 Totsl Funds 2020 Un$trIC0 Restricted Total Funds Fwids Funds FUNIS Fund8 OMING RESOURCES Incoming mources from 9enerntsd fynds Voluntary Inco Investment Inc(me IncomFng resources from charilatAp a¢tivil Chanta and analL8ry tradiNJ lal Ibl Z32.054 13.765 7.759 239,813 13,76S 141.844 14.150 252 142.096 14,150 1&516 15,516 17,220 t7.220 Total incoming re50urcÈs 261.335 7.759 269,094 173,214 2S2 173,466 RESOURCES EXPENDED Costs ofgenerating fvnd$ Charitsbk aThJ ancillary trading Charitsb activitie5 charitab auivities Support costs Major Cawtal expendire Professional Fees re rep8¢r5 to thurth buikling {al 36.115 36.115 37.158 37.158 (bl Icl 109.299 3.926 113,225 141262 23.371 515 141,777 23,371 15.116 15.116 Total $01¢e9 expended 1,970 184, 201,791 515 202.306 NET SYCOMING RESOURCES 84.198 128,5771 12631 128.6401 TRANSFERS BEfwEEN FUMDS 8 9 372 13721 1.091 1.0911 NET vEIENT IN FUNDS 80.737 3.461 84.198 127.4861 11,3541 128.8401 RESERVES BROUGHT FORWARD 65,199 73.054 92,685 9,209 101,894 RESERVES CARRED FORWARD 145,936 11.316 157,252 65,199 7.855 73.1)$4 STATEMENT OF TOTAL RECOGNISED GAIMS AND LOSSES were no wrJnwd gains ot tosses for 2021 or X)20 other than lkne tndudwj in the Statement of Financial Activities
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESW6TICAL PARISH OF ST MARTIN. CAMBRIDGE PAGE 4 ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 BALANCE SHEET 20 2020 FIXED ASSETS Tangible assets 7.312 2,451 CURRENT ASSETS stocks Debtors Cash at bank 117 7.211 86.978 12,564 164,526 177.090 94.306 CREDITORS: amounts falling due wlthln one year 25.586 23.703 NET CURRENT ASSETS 151.504 70,603 LONG TERM LIABILITIES Amounts falling due after one year NET ASSETS 157,252 73.054 FUNDS Unrestricted Funds Restricted Funds 145,936 11.316 65,199 7,855 ACCUMULATED FUNDS 157.252 73,054 The financial statements were.apsxoved by the board of twstees on 21st April 2022 and signed on its thall by Judy Brunton (Treasurer) Trustee
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, CAMBRIDGE PAGE 5 ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 NOTES TO THE ACCoUPs ACCOUNTING POLICIES Basis ot preparntion of the financial statements The financial statements have been prepared under the historical cost convention and in accordance with the Provisions of Accounb'ng and Reports"ng by Charits"es.' Statement of Recommended Prath"ce ap1¢ab to chantEs preparing their [anUal statements in accordance with the Financial Reporting Standard aWKable in the UK and the Republic of Ireland {FRS 102). the charit Act 2011 and the Church Accounting Regulations 2006. They do nol include the finanaal statements of church groups that owe their main affiliation to anothei bcdy nor those that are infomial gatheriNJs of church memters. st Martin's PCC meets the definrt of a public benefft enty under FRS 102. Assets and lbIlitS are inib.ally recognised at historral cost or transaclion value unless otherwise slated in relevant acrour5b.ng policy note(sl. The trustees consider that there are no material uncertainties artt the church's abilty lo continue as a gng concem. The trustees do not consider that there are any sources of estimat unrtainty at the repong date that have a significant risk of causing a material adjustment to the carrying amounts of assets and Iiabilrties wrthin the nexi reporb.ng Fencrfj. Incoming re¥ources All incoming resources are included on the Statement of Financial ActNities when the charity is legally entitled to the income and the amount can be quantified th reasonable accuracy. Collections are recognssed vthen made and amounts due under deeds of covenant are recognised only when honoured by the covenantor. Tax refunds due on sums received are accmed and matched to irlme. Resources expended ExFtnditure is accounted for on an accruals basis 2nd has been Clasfied under headings that aggregate all cos15 related to the category. Where costs cannot directty attn'buted to particular headings they have been allocated to actwrties on a consistent basis with the use of resourcEs. The Diocesan Parish Share accounted for vthen due and payable. Although it is understood tITat this may not aNvays appty, any arrears of Parish Share from previous years have not, wrth the agreement of Ely Dictese. been accrued as liabllrtS at the end of the prdIng financial year.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASI ICAL PARISH OF ST MARTIN, CAMBRIDGE PAGE 6 ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 NOTES TO THE ACCOUNTS Grants and donations paKI are accounted for when payment is due. Grants offered subject to condthons which have not been met al the year end date are noted as a commitment but not accrued as expendIre. Id) Taxation The charty is exempt from tsx on its (knritable tr"¥S. (e) Tangible fixed assets Consecrated land and buildings and moyeable church furnishings Consecrated and bened propety is excluded from the accounts in accordance with the Charits"es Act. Moveable church fumtshings hekl by the Vrar and Churchwardens on special trust for the PCC, and which require a faculty for di8wsal, are accounted as inalienable property unless consecrated. They are listed in the church's invellt whth can be inspected at any reasonable time. For inalienable propetty acquired prKsr to 2Tr)1 there is insufficient cost infomiab.on availab and thefefore suth asts a not valued in the accounts. Items acquired Sin Isl January 2001 have ten capFlalised and Ipreated in the accounts over their currenty antIpated useful economFc life ori a straight line bashs. All exFenditure incurred in Ihe year on consecrated or beneficed buildings, individual Items under £1,000 or on the repair of nK)veable church fumishings acquired trefore 1st January 2001 is written off. Fixtures. rrttings and office equiixiient Depreciation is provided at the following annual rates in order to write off each of ihese assets over their estimated useful lrfe. St Marbn's Church st Marknn's Centre 5 years straight line 3 years straight line 5 years straight line MinitrMJS ifj Sto¢ks stocks are Yalued at the lower of cost and net realISab value, after making due allowance for obsolete and slow moving items. (gl Debto Trade debtors and other debtors a reccgnised at their setuement amount due after any discounts. Prepayments are valued at the amount prepaKI net of any trade discount due.
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, CAMBRIDGE PAGE 7 ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 NOTES TO THE ACCOUNTS (h) Creditors and Provisions Credttors and provtsions are recogntsed whwe Ihe chanty has a present OblatiOn resulting from a past event that will probabty resur( in the transfer of fvjnds to a third paty and the amount due to setde the oblNJalion can be measured or ests"mated reliably. Credrtors and provisions are normalty recognised at their setdement amount after allowng for any trade disctyJnts due. Fund accounting Unrestricted fttnds can be used in )rdance with the challtable aCtiVe5 at the discretion of the trustees. These also induije funds designated for a praticular purpose by the PCC. Restn"cted funds can only be used for parhcuLar restr( wrwjses wilhin the ob1trtr vi the chatty. Restn'ctions arise when SFecrfwJ by the donor or when funds are raised for partFcular restricted purwses.
THE PAROCHIAL GHURCH GOUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN. CAMBRIDGE PAGE 8 ACCOUIWts FOR THE YEAR ENDED 31 DECEMBER 2021 NOTES TO THE ACCOUNTS )21 Total Fund& 2020 Total Funds stllartin's 5t Ilartin's Church st Pjartin's StPaartin'S Church INCOMING RESOURCES Voluntsry income Offerngs dOnatr Grft tax Fundraising Events Grsnts and contraLas Income forgroup aciwit5es 145.987 21,799 22Z3 145.987 21.799 2.223 67.547 2257 n.258 73.258 6(K) 61,219 sn 66,7C 200 573 61,019 2251 173.113 66,7 rJ9,813 81,071 61.019 142.096 In¥estsnÈnt In¢ome DivideIS, Intere51 & Inc from pryrty 13,765 13.765 14.150 14,150 Charitable and ancillary tra(kng 8,642 6,874 15.516 5.916 11.304 17,220 Totsl incoming r88ource8 195.520 73.574 101.143 72,3rJ 173,466 RESOURCES EXPEMDED Charitable and an¢illary trathg 35.128 36.115 36.19) 37,158 Charilable aclivilies th"ssicffj Giving SDonatyor DiOan parish Sha "ssion & Evangelism cots Centre Actiwtres Church RunniThJ Exps 7,438 7.438 51.(MJ8 3.815 51.LM)8 3,815 26.121 24.697 1,025 38.397 28,073 26.121 13.498 38.397 11,199 16.104 73, 39.619 113.225 91.411 50.366 141,777 Supportcosts Salari&s Wage5 & Hon¢x&iia cryy & Staff Eynses Church Utilty 811 13.853 1.772 3.255 15.413 1.772 3,255 15,574 17,134 3.586 2.651 2,651 18.880 20.440 21.811 23 371 hlajor Capital expenditure Id> Prolessional Fees re repairs to thurr 15,116 15.116 Total resources expende(I 1C*.589 76.307 184, 114.1 88.116 202.30S
THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN. CAMBRIDGE PAGE 9 AccouKfs FOR THE YEAR ENDED 31 DECEMBER 2021 NOTES TO THE ACCOUNTS STAFF COSTS No remuneTatson was paKI to any of Ihe trust in the CUTnI or previous year. nor were any expenses reimbursed lo them. The staff rJ)sts were.. 2021 2020 Wages and salaries ial Securty costs Other ttnsion costs 69.993 2,670 1,966 80.162 2.649 2,219 74,629 85,030 No rnember of staff receNaJ remuneration of more than £60,CKM) The average weekly number (full time equFvalent) of staff employed during the yearwas 312020= 4) FIXED ASSETS St Martin's St Martins. Church Centre Total Cost or Valuation 8alance at 1 January 2021 Additions DisposJs 25,663 105,436 131,099 6.368 3.167 3.167 Balance at 31 December 2021 28,864 105,436 134.300 Depreciation Balance at 1 January 2021 Charge for the year Disposals 25,462 459 3.119 103,186 1,000 128,648 1,459 3.119 Balance at 31 Decemter 2021 22,802 104,186 126,988 Net Book Value Al 31 December 2021 6,062 1.250 7,312 Al 1 January 2021 201 2.250 2,451
THE PAROCHIAL CHURCH COUPKIL OF THE ECCLESIASTICAL PARISH OF ST MARTIN, CAMBRIDGE PAGE 10 ACCOUNTS FOR TrIE YEAR ENDED 31 DECEMBER 2021 NOTES TO THE ACCOUNTS DEBTORS 2020 Olhèr debtors and prepa Tax recoverab 5.154 7,410 4.681 12,564 7,211 CREDITORS: amounts falliffj wlthln one year 20 2020 Deferred income Other Clit(x5 and 8(xw 11,907 11.798 25.520 25.586 23,703 CREDITORS: amounts falliry d In MO than one year Payable re Ancaster Way Boiler
THE PAR¢)CIUAL CHURCH CI)UNCIL OF ThE LE$lAsTICAL PA OF ST MARMN. CAMBRIDGE PAGE11 ACCOUNTS FOR THE YEAR ENDED 31 DECER 2021 NOTES TO THE ACCOUPITS FOTd Forward UNRESTRICTED FUNDS 2021 Other Groups St Martrs Centre GerEral MiThbus MirMbu$ Fur St Mwbn's Cmrch Gerr 2.153 {12101 1.238 73230 {5.6911 (1.IXKII 16.091 2,250 9.7&7 10.305 20.705 1,250 I9,7) 78.610 10.744 16.8851 80,479 14.57n 15.99Jl 177 922 80,479 BuiklirvJ FurKI SI TIKKnas's Hall BuikJitYJ Reserb Gener 95.748 15.269 4,296 2.423 34,446 {1.5(M)I 1.5(K> 2.796 38.369 3.315 261.335 180.970 80.365 65.193 372 145.936 UNRESTRICTED FUNDS 2020 Other Groups St Martin's Cvrtre Gener n1iX A%sei 573 385 2,153 87.107 114.7841 29,784 11,LXK)I 3,250 1,riJ1 16.091 2,250 9.733 Sl 14artin's Church Gerral m8nary &Jp Sdar Panèl Fur St Thc4nass Hal Building Resuve GerEral 91,601 2.772 ll.893 3,138 1152921 13e61 8,415 1.173 14.5771 .3CfjI 5.945 2.871 31.610 159 11591 173.214 201.791 28,571) 92,685 1,091 65.199 RESTRICTED FUNDS 2021 Foodhub Communty Street Pwty ICCC fvr¥) Mums and Icrfjdlers St Martins CerTtre VariDU5 F15 St Marfin's St Phibp'5 Fw Sl Martin's Various Funds Youth SUaY Classes 120 197 647 fj47 859 3,178 2,579 132 987 859 3,958 15721 2.579 132 270 {1321 1701 2rA> 200 7.759 3.833 7.8SS 13721 11.316 RESTRICTED FUNDS X120 Foodlwb Muns t(1 St Marhn's Cerkn Variou5 Fwd5 St Wrtin's arxl Sl Philip's Prt4"ecis FurM1 St Martin5 VaOU$ Funds Yoth Wotk a[ sLdty8SSeS 120 120 120 859 3.178 2.579 132 859 4,278 191 1415) 132 1911 11.0911 415 132 91 1.078 252 515 P631 9209 11,0911 7,855