Parochial Church Council of Christ Church Southgate Trustee Report and Financial Statements For the year end 31 December 2021 Charity Commission Registration Number 1131606 |Contents Page|| |---|---| |Report of the Trustees|2 - 4| |Report of the Independent Examiners|5| |Statement of Financial Activities|6| |Statement of Financial Position|7| |Notes to the Financial Statements|8-16| 1 ## **REPORT OF THE TRUSTEES for the year ended 31 December 2021** The Trustees have pleasure in presenting their report and the financial statements of the Parochial Church Council (PCC) for the year ended 31 December 2021. In preparing the financial statements, the Trustees have adopted the provisions of 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 (FRS 102) (effective 1 January 2015). ## **Aims and Purposes** Christ Church Southgate PCC has the responsibility of cooperating with the incumbent, the Reverend Dr Chrichton Limbert, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. The PCC is also specifically responsible for the Parish Centre (Church House and Walker Hall), Flats 6 & 7 The Green and the house at 62 Oakfield Rd, Southgate. ## **Objectives and activities** The PCC is committed to enabling as many people as possible to worship at our church by being open, welcoming and inclusive to all. We aim to be a beacon of God’s love in the community; to offer life-long loving care and support to all, to draw them closer to God; to inspire prayer and worship through the beauty of art, music and liturgy. When planning our activities for the year, we have considered the Commission’s guidance on public benefit and, in particular, the supplementary guidance on charities for the advancement of religion. In particular, we try to enable all people to live out their faith as part of our parish community through: - Worship, prayer and sacraments; learning about the Gospel; and deepening their personal relationship with God. - • Provision of pastoral care for people living in the parish. • Mission and outreach work. To facilitate this work, it is important that we maintain the fabric of Christ Church, the Parish Centre site and other properties. Under the current Covid-19 pandemic, we have followed all guidance and legislation issued by the government and taken all necessary steps to ensure that our worshipers, users of the Parish Centre, staff and parish committee members are kept safe at all times. ## **Achievements and performance** The work of the church has been greatly impacted by the pandemic for a second year, which required an extended period of closure as well as flexibility and very practical changes to everything we do to enable social distancing and covid safety. A great deal of thought and effort went into adapting our offerings to retain a sense of community and ensure we were still “together while apart.” ## Worship The year started after a very strong Christmas offering with the difficult decision to close the church again as the infection rates in Enfield and locally were very high – we remained closed from Epiphany Sunday (the first Sunday in January) until Mothering Sunday (the 14[th] March) when Sunday morning and Thursday services returned. This meant that the worship was once again transferred to pre-recorded services on our YouTube channel. A video service of the word was issued each week for the first 5 months of the year until the end of May – with extra specials for Easter. They were supported by clergy and laity recording readings, prayers and sermons at home, as well as the choir going “virtual” – recording and filming voice parts of a psalm, anthem and two hymns for each week, which were edited together by the Director of Music. The viewing figures for these services have been very strong – from about 100 to over 500 in some instances – more than would have come to church. As a result, the choir and music continued to thrive. Choral evening services on Sunday returned in June (once more singing was allowed) and the Tuesday evening Eucharist returned in August. Easter and Holy Week was fully celebrated but with reduced music and singing, and contact limiting measures in place. Easter Sunday numbers were nothing like pre-pandemic levels but over 160 in total. In November, the Bishop of Edmonton came to celebrate our Patronal Festival and lead a service of Confirmation with 17 candidates. Despite the pandemic capacity restrictions and being closed for about a quarter of the year we have continued to provide services for the community at pivotal times of their lives, so have performed 2 marriages, welcomed 17 people into the Christian Faith through baptism and conducted 14 funerals – in both church and crematorium. A highlight in the summer was the licencing of Amy Li as a Lay reader to join the clergy team. We have also welcomed an ordinand and her family from an adjacent parish to worship with us during her theological training. Christmas at Christ Church was almost back to normal with the usual service pattern. Numbers were a great improvement on the previous year but still less than pre-pandemic levels. During Advent the knitted crib figures that make up the Travelling Crib were able to go on their usual house-to-house journey around the parish. However, this was backed up with a journey inside the church building, with their daily location posted on all our social media platforms so they could be tracked. It gained over 30,000 views across December. Our printed materials and digital footprint continued to flourish this year. Our subscribers to Twitter, Instagram and our weekly email held up at the levels that were generated by the first lockdown in 2020. The extended print run of 200 of the Spire Magazine was continued and it was still delivered to every household on the electoral roll, as well as other subscribers. 2 Outreach The annual Vicar’s Pre-Lent Big Quiz was lost to the closure but reappeared and rapidly sold out as a Harvest Quiz. It was keenly contested by church and community teams while raising over £1000 for the RNLI – the son of the Vicar being a Lifeboat Crew volunteer. Sadly, this was the only major community event that was to survive the closure. The Christ Church Association (CCA) bar reopened in the autumn but no drinks or refreshments were served in church at all in 2021. ## Youth The junior choir has been maintained, with over 20 regular members. During shut down they were kept together by regular zoom socials and rehearsals. Once singing returned fully in the autumn the numbers increased and they contributed greatly at Christmas. Many of the choristers came on the Choir Singing Weekend at Bristol Cathedral in August. All our regular four non-faith Schools came back to church for services at Harvest and Christmas – we welcomed a record number of 520 school children in December. ## Older People Our monthly services in our parish care homes and taking communion to the housebound was dramatically curtailed but we were able to return to care homes in the autumn. The weekly “Stop Falls” session for Age UK was stopped by the pandemic as was our weekly café on a Friday morning as part of the “Places of Welcome” scheme. We hope to be able to restart both soon. Despite the lack of physical contact many organised and informal networks of people have maintained a sense of belonging by calls and emails to the elderly. As well as receiving the monthly magazine, a number of cards and letters were sent to our senior members. ## Nurture Due to pandemic closure and social contact restrictions, there were no courses and the Parish Quiet Weekend was cancelled. On every Sunday that that the church was closed, the Vicar did a Prayer Walk around the parish boundary – a total of approximately 6miles. The route was publicised and a number of other clergy and congregation members have also taken part. By the time the church reopened in March the Vicar had walked around the parish a total of 168 miles. ## Accessibility The new and enhanced sound system continued to be invaluable, as social distancing meant that people have had to be spread out around the four corners of the building and they could all hear every word of the services. Plans have moved on a little to offer, via a major building project, accessibility to toilet facilities, catering provision, as well as new pastoral and community spaces. ## Foundations The high level of uptake of the Parish Giving Scheme continued in 2021. Investigation work was carried out to determine the cause of a major shift in the chancel floor. It is likely that major remedial work will take place in 2022. ## **Financial review** The Statement of Financial Activities (SoFA) is attached to this report. Total income was £226,020 (2020: £195,891) and expenditure £234,788 (2020: £231,450) giving a total operating surplus, including gains and losses of £56,954 (2020: surplus of £32,917). After taking into account the net investment gains the total funds balance is £3,355,552 (2020: £3,298,598) of which £392,722 (2020: £402,230) is for restricted purposes. The closure of the church building for three months as well as reduced activities in the Parish Centre for much of 2021 due to continuing restrictions imposed during the COVID-19 pandemic had a negative impact on the total income compared to pre pandemic. ## **Reserves policy** The PCC regularly reviews its Reserves Policy. The policy is to maintain a balance on free unrestricted funds of three months unrestricted expenditure. An additional sum of £15,000 will be held to cover any emergency work on the buildings. Reserves are held in funds that support the policies of the Church of England’s Ethical Investment Advisory Group. ## **Going Concern** The Trustees consider that that the Church has adequate resources to meet its future liabilities for the foreseeable future and for this reason continue to adopt the ‘going’ concern basis in preparing the financial statements. 3 Volunteers and Empbyees The work of Christ Church Southgate w￿l￿j n(5t be rw)ssth Ihe contrft)utK)n of Ihe many ¥O￿nteerS who o)ntsibute theirtime. energy, exper￿rt￿ and skills to our church cornmunty. Chrkst ChuTch employed two staff members in 2021: the Director of Music and a part time Adrninistrat￿. StnFCture, governance and management Mernbers of the PCC are eilher ex-ofkK) or elecled at the Annual Parothk71 Chvrd) Mee￿g IAPCMI in accordan￿ with the Cmurch Representaty'on Rules. PCC membets are reS￿)n$t1￿ for [T￿kIng deCis￿S on au matte[5 of general coll￿rn and itllportan￿ to the parish indudin9 d￿mIl￿g M how fiJnts ofts PCC are to be spenL The full PCC met seven Iimtt5 duri￿ the year. Thè finan￿ and standing u)mmittee IFSCI. the orty committee of the PCC requi￿ by (3n￿ law. Met as required during the year. The FSC G8rries out the buSI￿sS ofthe PCC beknn rneetir￿S Sub￿¢1 to the direction5 syven by the C(yJncil. Members of the FSC are the in￿mb￿n[ Chur¢*warden5. Treasuw aFKI elecled rn8mbws of Ihe PCC Given the breadth of its restx)nsibilities. the PCC akn has a nutnber of other corTrmittees. ead) fcKusw)g on a specific aspect of parish Irfe. These committees a￿ all respongbk to the PCC, wilh retKKts teixived and disciL%sed by the PCC as necessary. Reference and Administratfjve Infom)atton Name of Charity The PCC olthe Ecdesiastiol Pdrish of Christ Churth, Southgate 1131e Charity registration number Principal address 1 Th￿G￿ry Soulhgate London N14 7EG Bank Bardays Bank PLC 18-24 Cha8esNle Sou￿ate London N14 5PS Audltors Anthony Croft Ezek*l Ltd 343 City Road EC1V 1LR Trustees Durir4J the year. the folloMng served as nwnbers ofthe PCC Reverend Dr chrithf￿ knmbert RevererKY Hazel Mia Clare Bwtton Kate Carroll Ronald Lo Patr￿￿4 Ashby Jackie Anderson Sandra Anders¢ Calhy Dallman Amy Li Tra¢y Chnslopher Fkjwell Briony Hadjidani81 Peter Holiday John Hilary Meur Angela Parker Bevertey RUl￿dge Gin8 Stone Clive Wocx*h(yJ5e chairn￿n AssBlan¢ Priest Chvr¢hwarden and Acb"ThJ TreagJret Ivjce Chair Chuvthvrarden Deputy CIHJrchwarden Deputy Churthwaraen Lay Reader Ltcensed Lay Minister Lay Reader Licensed Lay Minister Ifrom July 20211 lu[￿ Au9usI 2021) Approved b nJstees and St￿ed on tt5 behalf by Rev'd Dr richton Limbert Date 26 April 2022 INDEPENDEKf EXAMINeR'S REPORTTOThE TRUSTEES (% THE CHRIST CHURCH soimiGATE PCC I report on the aLXYJLmts ol the CL¥n￿nY fy Ehe year 8fMled 31 Dec￿2￿21. 85 set out on pages 6 to 16 RESPECThIE RESPONSIBILMES OF THE CHARITY AND THE EXAhllNER The tharitys trustees respcffisIb￿ for Ihe preparati￿ ol the &ctyJnts. Th8 tharitys IrLtst88s CKffis*J￿ U)at 3n audit is not requ¥ed lor this yew urNJer sedion 144{21 ofthe Chavtbes Pd1th8 2011 that ￿ indep•wJent examinal*Jn i8 need*J. ènd 8nsvre that the accounts ha￿ been twa￿￿ uTrJer th8 FRS 102 {SORP) [raMvA￿ and h) W￿1h Ih8 reryurements under the 2015 Order. is rry reS￿&b￿￿t0.. examine Ihe ￿￿OL￿ts tFrKler 58dKm 145 ofthe (￿alIty kt2011.. to fdkjw the procadur8s 18KI dwi in the ￿ D￿￿#￿)￿5 gi￿ by tr* Chèrity ComriwN)n twthr s*#k)n 145151 Ibl of Ihe 2011 Art and BASIS OF THIS REPORT 1ndl￿S a r8view of ac¢ountry kept by the djardy and a ¢£¥W￿l9)n of th8 accxrt¢nts presented with those records. It ￿50 indudes ¢￿siderath￿ of Unt￿ Ite￿￿ ￿ i*thu¥e5 aThJ seekNig eWanatKms from you as trustee5 CfKk(tming arry wch matters. t￿￿edureS Un￿ker1 do rot alt the ev¥Jen(* Ihat V￿￿Id b8 reouired in an 8udit at¥J consequenty oF¥ri￿ i8 w a5 to vknetrer present a a¥MI aw¥J Ihe rep￿1 Iwnit8d to ItrKJse ryotters 881 out In Ih8 slat8rn*rt L*kphT. INDEPENDENT EXAMINER'S STATEMEKr In connectl(¥) wijh my exam1r￿tK￿, fKJ ha5 corre lo my atlenl•Jn lotsr than Ihat dixk1s￿j b8k)w): Charit*s Act hwe Th)t b88n m8l {21 to my 0pknK￿. attenlh)n slKwJkl b8 thawm in ryder to wJatAe a propw of ￿￿Unts to L reached. speciFIC OISCL We have Trjl dired Anthon Anth nan F.C.CA eklel Ltd London ECIV 1LR ## CHRIST CHURCH SOUTHGATE PCC Statement of Financial Activities For the year ended 31 December 2021 |**Notes**
**Income and endowments from:**
Donations and legacies
2
Charitable activities
3
Investments
4
Other income
5
**Total**
**Expenditure on:**
Charitable activities
6/7
Other expenditure
**Total**
Net gains/(losses) on investments
**Transfers between funds**
**Other recognised gains/losses**
Gains/(losses) on revaluation of
fixed assets
**Net movement in funds**
**Reconciliation of funds**
Total funds brought forward
**Total funds carried forward**|**Unrestricted**
**funds**
**£**
13,963
142,560
12,874
51,184
**220,581**
(211,026)
(7,127)
**(218,153)**
63,279
-
755
**66,462**
2,896,368
**2,962,830**|**Restricted**
**funds**
**£**
5,008
89
342
-
**5,439**
(16,635)
-
**(16,635) **
1,688
-
-
**(9,508)**
402,230
**392,722**|**2021**
**£**
18,971
142,649
13,216
51,184
**226,020**
(227,661)
(7,127)
**(234,788)**
64,967
-
755
**56,954**
3,298,598
**3,355,552**|**2020**
**£**
14,367
132,478
12,865
36,181| |---|---|---|---|---| |||||**195,891**| |||||(210,909)
(20,541)| |||||**(231,450)**| |||||29,220
-
39,256
**32,917**| |||||3,265,681
**3,298,598**| 6 CHRIST CHURCH SOUTHGATE PCC Statement of Financial PostlFon As at 31 Deowiber 2021 Notes 2021 2020 Fixed assets Tangtble assets Investments 1,584.003 1.279.029 1,584.554 1.213.307 12113114 2.863,032 2,797,861 Current assets Debtors 15 1.560 1.528 504.009 Cash at bank and hand 493.660 495.220 505,537 14.800} Creditors: amounts falling duo within one year 16 12,7001 Net current assets 492.520 500,737 3,298,598 Total assets less current liabilityes Net assets 3.355,552 3,355.552 3,298.598 The funds of the charity Restricted incom8 funds Unrestricted income furbds Endowment-Permanenl Restricted EndowtHent-Permanenl Unrestrictecl Endowment-Non Permanent Un￿tr[cted Endowment-Non PeTmanent Restrtcted 17118 392.722 2,443.719 9.087 226.454 279.167 4,403 402.230 2,442.226 7.949 198.112 244.229 3,852 18 18 18 18 Total ILFnds 3.355,552 3.298,598 The financial statements were approved and authorised for issue by the Board and ST￿e￿ on tts behalf by". Rev'd Dr Trustee 26 April 2022 rlchlon Limbert CHRIST CHURCH SOUTHGATE PCC Notes to the Financial Statements For the year ended 31 December 2021 ## **1. Accounting Policies** ## **Basis of accounting** The financial statements have been prepared under the historical cost convention, except for investments which are included at market value and the revaluation of certain fixed assets and in accordance with the Charities SORP (FRS 102) ‘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 (FRS 102 SORP 2015), effective 1 January 2015 and the Charities Act 2011. CHRIST CHURCH SOUTHGATE PCC meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy note(s). ## **Going concern** The trustees have a reasonable expectation that the organisation has adequate resources to continue in operational existence for the foreseeable future. Accordingly, they continue to adopt the going concern basis in preparing the annual reports and Accounts. ## **Statement of cash flows** The Trustees have taken advantage of the exemption in SORP FRS 102 from including a cash flow statement in the financial statements on the grounds that the charity is small. ## **Funds** Unrestricted funds represent the funds of the PCC that are not subject to any restriction regarding the use and are available for application to the general purposes of the PCC. This includes funds designated for a particular by the PCC. The accounts include transactions, assets and liabilities for which the PCC can be held responsible. They do not include the accounts of church groups that own an affiliation to another body, nor those that are informal gatherings of church members. The Restricted funds relate in the main to the Fabric Appeal funds for the maintenance of the church building. The major part of these funds were held on deposit with the Central Board of Finance of the Church of England. The Endowment Funds are separated into, Permanent Restricted, Permanent Unrestricted, Non-permanent Endowment Unrestricted and Non-permanent Endowment Restricted, as broken down in note 18 below. ## **Incoming resources** Voluntary Income Collections are recognised when made. Amounts receivable under Gift Aid are recognised only when received. Income tax recoverable on Gift Aid donations are recognised when claimed from HM Revenue and Customs. Grants and legacies to the PCC are accounted for when received. VAT recoverable on certain capital expenditure is recognised when received. ## Income from Charitable Activities Rental income from the letting of the church halls is accounted for when earned. Parochial fees due to the PCC for weddings, funerals, etc, are accounted for when received. ## Income from Investments The gross amounts of dividends and interest are accounted for when due. Residential properties income is accounted for in accordance with the tenancy agreements in force. ## Investment Gains and Losses Realised gains and losses on investments and properties are recognised when disposed of. Unrealised gains and losses are accounted for on revaluation of investments and properties at the year end. ## **Resources expended** Liabilities for expenditure are recognised in accordance with the accruals concept. Charitable Activities The annual Diocesan quota is accounted for when paid. 8 CHRIST CHURCH SOUTHGATE PCC Notes to the Financial Statements Continued For the year ended 31 December 2021 ## **Tangible fixed assets** ## Fixed assets ## Consecrated Land and Buildings and Chattels Consecrated and beneficed properties are excluded from the financial statements in accordance with s.10(2)(a) and (c) of the Charities Act 2011. No value is placed on chattels held by the churchwardens on special trust for the PCC and which require a faculty for disposal, since the PCC considers this to be inalienable property. All capital and revenue expenditure incurred during the year on consecrated and beneficed buildings and chattels of the Church are written off in the year. The land registry title for the Parish Centre site (comprising of Walker Hall, Church House and Flats 6 and 7 The Green) refers to that land as the Vicarage. The vicarage has since been demolished and replaced by the Parish Centre with the current Vicarage built on land nearby which was the site of the, now demolished, old Walker Hall. As a beneficed property the current vicarage is excluded from the financial statements as above. The land registry title named as Walker Hall is now the site of the current vicarage and that it is in the name of the Rev Murray Holt Macleod of Christ Church Southgate Enfield, Middx, however this was changed at the land registry on 20[th] January 2021. As this is a beneficed property it is excluded from the financial statements as above. ## Other Land and Buildings Other land and buildings held on behalf of the PCC for its own purposes and use, are valued at market value (taken as insurance rebuilding costs) as advised by the trustees. No depreciation is charged against residential properties, but any expenditure on maintenance and improvement is written off as incurred. Depreciation on Church House and Walker Hall is charged from 1st January 1971 over 75 year life. Contrary to the previous policy and practice of depreciating Church House and the Walker Hall, in light of the recent changes brought about by FRS (Financial Reporting Standard) 102 and the SORP (Statement of Recommended Practice), the PCC has decided not to depreciate these properties since 1st January 2017. Other Fixtures, Fittings and Office Equipment Depreciation is charged at 15% per annum on a reducing balance basis. ## Investments Investments are disclosed at the market value at the year end. ## **Current asset investments** Short Term Deposits at the year-end were held with Central Board of Finance (CBF) for all the main Parochial funds. The Fabric Fund is held with the CFB, the CFB pay deposit interests quarterly at variable rates, which closely reflect the Money Market rates. ## **Irrecoverable VAT** Irrecoverable VAT is included in the Statement of Financial Activities, and is reported as part of the expenditure to which it relates. ## **2. Income from donations and legacies** |Donations received
Legacies received|**Unrestricted**
**funds**
**£**
7,963
6,000
**13,963**|**Restricted**
**funds**
**£**
5,008
-
**5,008**|**2021**
**£**
12,971
6,000
**18,971**|**2020**
**£**
13,367
1,000| |---|---|---|---|---| |||||**14,367**| 9 ## CHRIST CHURCH SOUTHGATE PCC ## Notes to the Financial Statements Continued For the year ended 31 December 2021 ## **3. Income from charitable activities** |_Parochial Fund Account_
Regular Giving (Gift Aided)
Regular Giving (Non Gift
Aided)
Collections (Plate)
Income Tax Recoverable
Occasional Offices, Merchandise & Sundry Income.
_Spire Magazine Account_
Magazine
_Parish Centre Account_
_Social Responsibility Account_
Social Responsibility
Committee
**nvestment income**
**Unrestricted and restricted funds**
Income from listed investments
**ther income**
Rental Income
Other Income (Bank Refund)
Unclaimed (Bank) Funds
Lettings
Rent re Sub-Station
Rent - Christ Church
Association
Donations
Sundry Income & Interest
Receivable|**Unrestricted**
**funds**
**£**
65,464
4,269
2,053
18,295
9,330
**99,411**
**2,254**
**6,356**
**142,560**
**Unrestricted**
**funds**
**£**
51,184
-
-
**51,184**
33,730
250
500
-
59
**34,539**|**Restricted**
**funds**
**£**
-
-
-
-
89
**89**
**-**
~~-~~
-
-
-|**2021**
**£**
65,464
4,269
2,053
18,295
9,419
**99,500**
**2,254**
**6,356**
**142,649**
**2021**
**£**
13,216
**13,216**
**2021**
**£**
51,184
-
-
33,730
250
500
-
-
-
59
**34,539**|**2021**
**£**
65,464
4,269
2,053
18,295
9,419
**99,500**
**2,254**
**6,356**
**142,649**
**2021**
**£**
13,216
**13,216**
**2021**
**£**
51,184
-
-
33,730
250
500
-
-
-
59
**34,539**|**2020**
**£**
64,544
4,226
1,986
18,284
7,597| |---|---|---|---|---|---| ||||**99,500**
**2,254**
33,730
250
500
-
-
-
59||**96,637**
**1,680**
**3,693**
29,075
250
-
1,000
143
**30,468**| |||**-**
**89**
**Restricted**
**funds**
**£**
-
-
-
**-**
**-**|**6,356**
**34,539**||| ||||**142,649**||**132,478**| ||||**2021**
**£**
13,216||**2020**
**£**
12,865| ||||**13,216**||**12,865**| ||||**2021**
**£**
51,184
-
-||**2020**
**£**
36,181
-
-
**36,181**| ||||**51,184**||| ## **4. Investment income** ## **5. Other income** 10 ## CHRIST CHURCH SOUTHGATE PCC ## Notes to the Financial Statements Continued For the year ended 31 December 2021 ## **6. Costs of charitable activities by fund type** |Parochial Fund Account
Spire Magazine Account
Parish Centre Account
Social Responsibility Account
Support costs
**Analysis of support costs**
Fees to Support Staff
(Employed and Self-
Employed)
IT
Church Admin Costs
Staff Training &
Development
Governance costs
**osts of charitable activities by activity type**
Parochial Fund Account
Spire Magazine Account
Parish Centre Account
Social Responsibility Account|**Parochial**
**Fund**
**Account**
**£**
19,785
-
6,076
300
5,918
**32,079**
**Activities**
**undertaken**
**directly**
**£**
145,173
2,243
26,865
6,770
**181,051**|**Unrestricted**
**funds**
**£**
128,538
2,243
26,865
6,842
46,538
**211,026**
**Spire**
**Magazine**
**Account**
**£**
-
-
-
-
-
**-**
**Expenditure**
**on raising**
**funds**
**£**
-
-
-
72
**72**|**Restricted**
**funds**
**£**
16,635
-
-
-
-
**16,635**
**Parish**
**Centre**
**Account**
**£**
14,459
-
-
-
-
**14,459**
**Support**
**costs**
**£**
32,079
-
14,459
-
**46,538**|**2021**
**£**
145,173
2,243
26,865
6,842
46,538|











|**2020**
**£**
140,274
2,285
33,992
2,915
31,443| |---|---|---|---|---|---|---| |||||**227,661**||**210,909**| |||||**2021**
**£**
34,244
-
6,076
300
5,918
**2021**
**£**
177,252
2,243
41,324
6.842
**227,661**||**2020**
**£**
22,480
-
6,203
60
2,700
**2020**
**£**
164,450
2,285
41,259
2,915
**210,909**| |||||**46,538**||**31,443**| ## **7. Costs of charitable activities by activity type** ## **8. Analysis of support costs** 11 CHRIST CHURCH SOUTHGATE PCC Notes to the Financial Statements Continued For the year ended 31 December 2021 ## 9. **Net income/(expenditure) for the year** This is stated after charging/(crediting): |This is stated after charging/(crediting):||| |---|---|---| ||**2021**|**2020**| ||**£**|**£**| |Depreciation of owned fixed assets|1,526|1,487| |(Gain)/Loss on disposal of fixed asset investments|-|-| ## **10. Comparative for the Statement of Financial Activities** |Income and endowments from:
Donations and legacies
Charitable activities
Investments
Other income
Total
Expenditure on:
Charitable activities
Other expenditure
Total
Net gains/(losses) on investments
Other recognised gains/losses
Gains/(losses) on revaluation of fixed
assets
Net movement in funds
Reconciliation of funds
Total funds brought forward
Total funds carried forward|Unrestricted
funds
£
9,766
131,868
12,514
36,181
190,329
(188,128)
(20,541)
(208,669)
28,461
39,256
49,377
2,846,991
2,896,368|Restricted
funds
£
4,601
610
351
-
5,562
(22,781)
-
(22,781)
759
-
(16,460)
418,690
402,230|2020
£
14,367
132,478
12,865
36,181| |---|---|---|---| ||||195,891| ||||(210,909)
(20,541)| ||||(231,450)| ||||29,220
39,256| ||||32,917| ||||3,265,681| ||||3,298,598| 12 CHRIST CHURCH SOUTHGATE PCC Notes to the Financial Statements Continued For the year ended 31 December 2021 ## **11. Tangible fixed assets (not stated at market values)** |At 31 December 2020
**Cost or valuation**
At 01 January 2021
Additions
At 31 December 2021
**Depreciation**
At 01 January 2021
Charge for year
At 31 December 2021
**Net book values**
At 31 December 2021|c
~~**1,575,540**~~
**Land and**
**buildings**
**£**
2,345,000
-
**2,345,000**
769,460
-
**769,460**
**1,575,540**|~~**9,014**~~
**Fixtures and**
**fittings**
**£**
58,590
975
**59,565**
49,576
1,526
**51,102**
**8,463**|**Total**
**£**
2,403,590
975| |---|---|---|---| ||||**2,404,565**| ||||819,036
1,526| ||||**820,562**| ||||
**1,584,003**| ||||~~**1,584,554**~~| ## **Investments** ## **12. Analysis of movement of commercial investments** |Market value at 01
January 2021
Disposals at carrying
value
Net gain/(loss) on
revaluation
Market value at 31
December 2021|**Investment**
**property**
**£**
759,163
-
755
**759,918**|**Listed**
**investments**
**£**
454,144
-
64,967
**519,111**||**Total**
**£**
1,213,307
-
65,722
**1,279,029**| |---|---|---|---|---| |||||| ## **13. Analysis of investments between funds as at year ended 31 December 2021** |Investment properties
Listed investments|**Unrestricted**
**funds**
**£**
759,918
-
**759,918**|**Endowment**
**funds**
**£**
-
519,111
**519,111**|**2021**
**£**
759,918
519,111
**1,279,029**|**2020**
**£**
759,163
454,144
**1,213,307**| |---|---|---|---|---| ## **14. Analysis of movement of social investments** There were no movements in social investment this year 13 CHRIST CHURCH SOUTHGATE PCC Notes to the Financial Statements Continued For the year ended 31 December 2021 ## **15. Debtors** |**Amounts due within one year:**
Trade debtors and Prepayments
**Creditors**
**Movement in funds**
**Amounts falling due within one year:**
Trade creditors and Accruals
**Unrestricted and**
**Endowment Funds**
**Balance at**
**Incoming**
**01/01/2021**
**resources**
**£**
**£**
_General_
Designated Funds
23,218
-
General Funds
2,873,150
220,581
**2,896,368**
**220,581**
**Unrestricted and Endowment Funds - Previous year**
**Balance at**
**01/01/2020**
**Incoming**
**resources**
**£**
**£**
_General_
Designated Funds
26,890
-
General Funds
2,820,101
190,329
**2,846,991**
**190,329**|**Outgoing**
**resources**
**£**
(7,470)
(210,683)
**(218,153)**
**Outgoing**
**resources**
**£**
(3,672)
(204,997)
**(208,669)**|**Transfers**
**£**
-
-
**-**
**Transfers**
**£**
-
-
**-**|**2021**
**£**
1,560
**1,560**
**2021**
**£**
2,700
**2,700**
**Gains and**
**losses**
**£**
-
64,034
**64,034**
**Gains and**
**losses**
**£**
-
67,717
**67,717**|**2020**
**£**
1,528
**1,528**
**2020**
**£**
4,800
**4,800**
**Balance at**
**31/12/2021**
**£**
15,748
2,947,082| |---|---|---|---|---| |||||**2,962,830**| |||||**Balance at**
**31/12/2020**
**£**
23,218
2,873,150| |||||**2,896,368**| ## **16. Creditors** ## **17. Movement in funds** 14 CHRIST CHURCH SOUTHGATE PCC Notes to the Financial Statements Continued For the year ended 31 December 2021 ## **Purpose of unrestricted Funds** ## Designated Funds These are funds set aside by the PCC - Southgate, for specific projects. ## General Funds These are free reserves at the disposal of the PCC - Southgate, to be applied at their discretions but within the objects of the Church. ## **Restricted Funds** |Restricted Funds
**Restricted Funds - Previous year**
Restricted Funds|**Balance at**
**01/01/2021**
**£**
402,230
**402,230**
**Balance at**
**01/01/2020**
**£**
418,690
**418,690**|**Incoming**
**resources**
**£**
5,439
**5,439**
**Incoming**
**resources**
**£**
5,562
**5,562**|**Outgoing**
**resources**
**£**
(16,635)
**(16,635)**
**Outgoing**
**resources**


**£**
(22,781)
**(22,781)**|**Gains and**
**losses**
**£**
1,688
**1,688**
**Gains and**
**losses**
**£**
759
**759**|**Balance at**
**31/12/2021**
**£**
392,722| |---|---|---|---|---|---| ||||||**392,722**
**Balance at**
**31/12/2020**
**£**
402,230
**402,230**| ## **Purpose of restricted funds** Restricted Funds These are funds restricted by the donors of the Church ## **Purpose of endowment funds** Permanent Endowment Restricted This is a Permanent Endowment Fund Permanent Endowment Unrestricted This is a Permanent Endowment Fund Non-Permanent Endowment Unrestricted Non-permanent endowment unrestricted, its expendable. Non-Permanent Endowment Restricted Non-permanent endowment Restricted, its expendable. 15 CHRIST CHURCH SOUTHGATE PCC Notes to the Financial Statements Continued For the year ended 31 December 2021 ## **18. Analysis of net assets between funds** |**Unrestricted funds**
General Funds
**Restricted funds**
Restricted Funds
**Endowment funds**
Permanent Endowment Restricted
Permanent Endowment Unrestricted
Non-Permanent Endowment Unrestricted
Non-Permanent Endowment Restricted
**Previous year**
**Unrestricted funds**
General Funds
**Restricted funds**
Restricted Funds
**Endowment funds**
Permanent Endowment Restricted
Permanent Endowment Unrestricted
Non-Permanent Endowment Unrestricted
Non-Permanent Endowment Restricted|**Tangible**
**fixed assets**
**Investments**
**Net current**
**assets/**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
**£**
1,584,003
759,918
99,798
2,443,719
-
-
392,722
392,722
-
9,087
-
9,087
-
226,454
-
226,454
-
-
279,167
4,403
-
-
279,167
4,403| |---|---| ||**1,584,003**
**1,279,029**
**492,520**
**3,355,552**| ||**Tangible**
**fixed assets**
**Investments**
**Net current**
**assets/**
**(liabilities)**
**Net Assets**
**£**
**£**
**£**
**£**
1,584,554
759,165
98,507
2,442,226
-
-
402,230
402,230
-
7,949
-
7,949
-
198,112
-
198,112
-
-
244,229
3,852
-
-
244,229
3,852| ||**1,584,554**
**1,213,307**
**500,737**
**3,298,598**| 16