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2021-12-31-accounts

St James' and Emmanuel Church: Annual Report 2021

Contents

Contents
1. Parish Details
1.1. Status 2
1.2. Structure, Governance and Membership 2
1.3. The Standing Committee 3
1.4. Electoral Roll/Average Sunday Service Attendance 3
1.5. Bankers 4
1.6. Independent Examiner 4
1.7. Related Charities 4
2. Parish Report
2.1. Objects 5
2.2. Aims and Objectives 5
2.3. Review of the Year: Its Objectives and Achievements 6
2.4
Plans for the New Year		 13
2.5 Financial Review 15
2.6
Grant Making Policy		 17
2.7 Reserves Policy 17
2.8 Risk Management 17
2.9 Statement of PCC Responsibilities 18
3. Independent Examiner’s Report 19
4.
Financial Statements
Summary of Funds 20
Statement of Financial Activities (SOFA) 21
Balance Sheet 22
Notes to the Accounts 23

St James' and Emmanuel Church: Annual Report 2021

Section 1: Parish Details

1.1 Status

This Annual Report for the year ended 31 December 2021 is of the Parochial Church Council of the Ecclesiastical Parish of St James' and Emmanuel, Didsbury, known as St James’ & Emmanuel PCC, Didsbury. The parish is in the Deanery of Manchester South and Stretford, in the Diocese of Manchester.

St James' Church is located on Stenner Lane. Emmanuel Church and the Parish Centre, in which the Parish Office is located, is at 6 Barlow Moor Road, Didsbury, Manchester M20 6TR

Telephone: 0161 446 4150 Email: office@stjamesandemmanuel.org Website: www.stjamesandemmanuel.org

1.2 Structure, Governance and Membership

The Parochial Church Council (PCC) is a registered charity, number 1131669. and is constituted under the Parochial Church Council Powers Measure (1956) as amended and Church Representation Rules. Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. During the year the following served as members of the PCC:

Team Rector: Rev Dr Nick Bundock Team Vicar: Rev Canon Lisa Battye Curate: Rev Cate Allison Curate: Rev Augustine Ihm Tanner Curate (OLM): Rev Christine Sandiford Curate (PTO): Rev Jane Whittell (from March 2021) Wardens: Andrea Dunkerley (Secretary) Jeff Dunkerley Vicki Long James Wilson

Representatives on The Deanery Synod Jeff Dunkerley Greg Mauchline (Vice Chair) Steve Penny Alexander Sims Louise Smail James Wilson Elected Members: Jane Arcshavir

St James' and Emmanuel Church: Annual Report 2021

mmanuel Church: Annual Report 2021
Rev Philip Dobson (coopted)
Linda Fildes
Frankie Kataria
Maggie Jackson (from APCM 2021)
Jane Lee
Hilary Lowe (Treasurer) (from APCM 2021)
Alexa McDonnell
Liz McKelvey
Jon Parkin (from APCM 2021)
Kate Sraha
Joyce Thom (from APCM 2021)
Tim Turvey
Mark Vermes (until APCM 2021)
Alison Whale

1.3 Standing Committee

The Standing Committee is a sub-committee of the PCC as required by the Church of England. The Rector and Churchwardens are ex-officio. At St James and Emmanuel, the Team Vicar, Treasurer and PCC Secretary are also ex-officio. There are two further members who were elected by the PCC in May 2021 namely Jane Arschavir and Louise Smail to serve for one year.

1.4 Electoral Roll & Average Sunday Service Attendance

At the 2021 APCM there were 361 names on the newly formed electoral roll.

The average attendance at Sunday Services, based on October returns for adults/children who attended one or more services was:

2021 2020 2019 2018 2017
9.00am–St James’ 23/1* 47/2** 53/3 46/2 42/4
11.00am from April 2021
10.30am–St James’		 27/5* 0** 45/11 68/24 ***
10.30am–Emmanuel 143/32* 118/17** 170/36 117/47 145/51***
6.15pm 45/1* 38/0** 51/2 47/1 57/1

On line services were provided with an average of 242 participants.

*** United services at Emmanuel

.

St James' and Emmanuel Church: Annual Report 2021

1.5 Bankers

CAF Bank Ltd 25 Kings Hill Avenue Kings Hill West Malling Kent ME19 4JQ

HSBC UK 760 Wilmslow Road Didsbury Manchester M20 2DP

CCLA Investment Management Ltd Senator House 85 Queen Victoria Street London EC4V 4ET

Barclays Bank UK plc Leicester LE87 2BB

Methodist Chapel Aid Ltd 1 Telford Terrace Albermarle Road York YO24 1DQ

1.6 Independent Examiner

Eric Langer, Langer & Co Chartered Accountant Statutory Auditor 8-10 Gatley Road Cheadle Cheshire SK8 1PY

1.7 Related Charities

There are a few Charities associated with St James’ and Emmanuel, which do not form part of the PCC funds, as they are specific independent charities.

The main one is The Parish Hall Charity (No. 6), having charity number of 501253. This charity owns 6 Barlow Moor Road. For this reason, the building is not included amongst the assets of the Parish although it is a building used by the Parish and contains some of the Parish’s assets. The trustees serving through the year were Nick Bundock, Paul Good (resigned 1 Oct 21), Hilary Lowe and Joyce Thom (appointed 1 Oct 21).

Another is Home Community Cafe, a charitable incorporated organisation, having charity number 1161501. This charity leases the kitchen, fellowship, foyer and former South Transept, now known as the “Living Room”, areas of Emmanuel church. A requirement of the lease is that the governance of the charity is provided by PCC election. Otherwise, the charity is organisationally distinct from the PCC. During the year the following served as trustees:

Miriam Jones Cate Allison Katy Tebay (resigned 9 Sept 21) Hilary Lowe Jason Leach

St James' and Emmanuel Church: Annual Report 2021

Section 2: Parish Report

2.1 Objects

The primary aim of the parish is encompassed in our vision statement: “To grow a diverse , worshipping community, where we encourage belonging and nurture believing ; together becoming followers of Jesus who share God’s love with the world.”

2.2 Aims and Objectives

Belonging

St James and Emmanuel church is a large and diverse church community consisting of four Sunday congregations and numerous mid-week groups. We have a close relationship with and responsibility for the St James and Emmanuel Academy Trust. Our Parish Centre and church buildings are used continually throughout the week by members of the church and the wider community. By fostering cohesion and bringing people together we find ourselves playing a significant community role in Didsbury.

Within the church community itself we seek to offer multiple places of belonging. We run a number of mid-week homegroups and numerous activities from youth and children’s groups through to work with the disadvantaged. Each group, activity and congregation is being developed to offer the best possible welcome and to encourage a real sense of belonging.

Believing

We seek to offer numerous opportunities for growth in the Christian faith. We place a high value on good quality teaching appropriate for people of all ages. Children and young people have access to seven different Sunday groups in addition to a large range of mid-week activities.

The worship in each of our congregations is structured to encourage and foster spiritual growth and the journey of Christian discipleship, as are our homegroups.

We play a significant role in the life of the St James and Emmanuel Academy Trust and help to lead staff and pupils in their own journey of faith development and discipleship.

Becoming

We seek to nurture the unique potential present within each person we encounter. We believe that everyone has a part to play in fostering the wellbeing of their families, neighbourhoods and places of work. By encouraging belonging and believing, and in offering appropriate and timely pastoral care, occasional offices and prayer we can help to release people into the journey of ‘becoming’ and enable them to play an increasingly creative and positive role in their sphere of influence.

St James' and Emmanuel Church: Annual Report 2021

Church Governance

The life of the church is governed by the PCC, who are elected from church members. The new PCC members are informed of their responsibilities and the legal and financial framework in which the church operates. When planning activities for the year, the PCC have considered the Charity Commission’s guidance on public benefit and, in particular, the specific guidance on charities for the advancement of religion. Day to day decisions on expenditure and activities are decided by the staff and volunteers in charge of different areas of the church, with budgets set and monitored by the PCC.

Whilst the church currently employs the equivalent of three full time staff, it is the work of every church member which will make the difference in the church achieving its vision, by “being salt and light” amongst the people they interact with each day; by praying, by visiting the sick and others in need, by serving, in being involved in training others, in public teaching and worship and in administration. The financial resources of the church are, predominately, given by the members and their assets and equipment are regularly used in the work of the church. Much of this work is done privately, without recognition, and the hours and value of that time cannot be quantified.

2.3 Review Of The Year: Its Objectives and Achievements

During 2021 the main ways the Church sought to achieve its vision were as follows:

Staff Team

The staff team, together with the PCC, have agreed the following areas of responsibility:

Clergy

Nick Bundock ( Rector ): Focal Minister 10.30 am congregation, vision and strategy, supervision of staff, St James and Emmanuel Academy Trust member and director, Occasional Offices, No.6 Trustee, Pastoral Care, Fabric, SAS & Staff Teams, Founder of Church for Everyone Lisa Battye ( 0.5 Team Vicar) : Shared responsibility with rector, Focal Minister 11 am congregation, personal journey, supervision of learners, pastoral care, Occasional Offices, Diocesan links Cate Allison (Curate) training for stipendiary ministry, preaching, leading, pastoral care, Occasional Offices, supervision of staff, particular responsibility for St Paul’s, Withington

Augustine Ihm ( Curate, ordained deacon June 21 ) Focal Minister for online broadcast and 6.15 congregation, student and young adult work, inclusion, mission and evangelism, Occasional Offices Christine Sandiford ( OLM ): leading, preaching, worship rotas, vocations advisor, pastoral care, Occasional Offices

Lay Staff

Claire Mauchline ( Parish Manager ): parish management & administration, staff supervision. Darrel Lowe ( Site Manager ): General duties and fabric management.

Rachel Bundock ( Children’s Team Leader ): team leader for all children’s work plus support of Child Protection Officer.

Jenny McLoughlin (Youth Team Leader) : team leader of Sunday youth provision.

Lewis Meaden ( Director of Worship ): worship vision, rotas, recruitment and training of musicians Catrin Meaden ( Director of Worship ): worship vision, rotas, recruitment and training of musicians

St James' and Emmanuel Church: Annual Report 2021

Alison Steadman ( Finance Officer ): Support worker for Treasurer.

Readers

Chris Martin ( Reader ): Focal Minister 11 am congregation, preaching, St James Consort, home communions, hospital visiting

Mandy Mullins (Reader) : preaching, leading, pastoral care, 6.15 community.

Penny Mittler (Reader, Emerita Nov 21) : preaching, leading.

Ray Shaw (Reader) : Focal Minister 11 am congregation, leading, preaching, funerals

Steve Penny (Reader, July 2021) : Focal Minister 11 am congregation, leading and preaching, men’s ministry

Ordinands

Alexa McDonnell ( Ordinand ): Focal Minister 6.15 congregation, training for stipendiary ministry, leading and preaching, LGBTQ+ work, student mission.

Katrin Alldavoodi ( Ordinand, Feb 21 ): Focal Minister Farsi Community, leading, preaching, Zoom Farsi bible study, baptism preparation

Patrick Thom ( Ordinand , Sept 21 ): Leading, Preaching, Discipleship and Mission

Associated Ministers

Revd Philip Dobson (Retired Priest) : Leading, preaching, pastoral care.

Revd Jane Whittell (NSM Curate & ordained priest, PTO) : Farsi community, preaching, leading, oversight of Pastoral Care Team, Occasional Offices

Authorised Lay Ministry (ALM)

José Hacking (Mission, Pastoral Care): courses, discipleship. Catherine Parkin (Pastoral Care): Coffee and Communion/Chat, Pen pals Helen Denham (Pastoral Care): Coffee and Communion/Chat, Dementia care Sue Bruce (Pastoral Care): Pastoral Care

Associated Ministry Leaders

Michael Pollard ( Home Community Café Manager ): Direction, oversight and operational management, diversity and inclusion work.

Tom Twongyeirwe ( Oversees Placement ): inclusion and diversity, preaching, Home Café support

COVID-19 2021

No area of church life was left untouched by the global coronavirus pandemic which continued in 2021.

In response to the increase in the delta variant the PCC, together with clergy and wardens voted by email to suspend in-person worship and close the buildings except for private prayer and Occasional Offices from Monday 11[th] January. This was ratified by the PCC on Monday 18[th] January.

The PCC reviewed the decision to close the buildings on Monday 15[th] Feb (as required by the Bishop of Manchester) and after a full debate it was decided that buildings would continue to be closed until Sunday 14[th] March (Mothering Sunday) when the new 11 am congregation began in St James. There was a full reopening of Sunday worship on 4[th] April (Easter Day).

St James' and Emmanuel Church: Annual Report 2021

In response to the continuing global pandemic the clergy, wardens and PCC initiated the following measures:

Risk Assessment

Online Sunday Broadcast

Zoom Worship

In-person Worship

St James' and Emmanuel Church: Annual Report 2021

Staff Away Day held at Sinderland Green Methodist Chapel – Group discussion as to how we proceed as a whole church community after Covid

Christmas 2021

We provided a mixture of in-person and online worship as follows:

Furlough

The furlough scheme was utilised to control costs during periods of lockdown

Pastoral Care

The Pastoral Care Team re-orientated their work towards caring for the elderly, housebound and vulnerable, including phone calls, doorstep visits where safe and appropriate, cards and flowers.

COVID-19 Recovery 2021

Fabric

St James' and Emmanuel Church: Annual Report 2021

Didsbury Pride and LGBTQ+

Courses, Learning, Spirituality

Farsi Community and South Asian Community

Local Community

Mission Communities

St James' and Emmanuel Church: Annual Report 2021

St James and Emmanuel Academy Trust

Together Magazine

Boaz Night Shelters

Occasional Offices

We conducted 11 weddings and 1 blessing, 15 funerals, 25 confirmations and 27 children and 54 adult baptisms in 2021 and a number of couples and families retain a connection with the church through the exercise of the occasional offices.

Associated Ministry in the Local Community

Home Community Cafe

Home Community Café is an independent organization with Trustees appointed by the PCC of the church. 2021 provided significant challenges for the Home Café team but were met with creativity and resourcefulness.

The Parish Hall Charity (No. 6)

Trustees of this separate charity are appointed by the PCC. The charity works for the benefit of St James and Emmanuel as well as renting out its rooms to local charities and other organisations.

The Global Community

Mission Team

2021 was the second year of our pledged support to the mission partners selected at the end of 2019.

The 8 partners are The Message, Tearfund, Samara’s Aid, No Barriers Foundation, Evangelising Asia for Christ, Potter’s Village, L’Arche and Ozanne Foundation. We have agreed with Tearfund, Jayne Ozanne and L’Arche that our financial support can be redirected where they feel necessary as their work has been affected by the pandemic.

We were able to give each partner a bonus of £350 above the financial pledge from money carried forward and an increase in our annual budget.

St James' and Emmanuel Church: Annual Report 2021

A single donation of £200 was given towards the church Harvest Appeal for support of Afghan refugees and £500 was donated to the Christian Aid appeal.

2022 will be the 3[rd] and final year of our partnership with the current partners and the process to recruit new partners is already underway.

We enter 2022 with an increased budget of £30.4K which is a blessing and encouragement to those we support.

Safeguarding

Joyce Thom was appointed as Safeguarding lead in September 2021 following the resignation of Lucy Jenkins.

Parochial Church Council (PCC)

The PCC met six times virtually and once on choice of in person or virtually. The Standing Committee did not meet but were consulted by email on three decisions to be made. A summary of the PCC’s business is listed below:

St James' and Emmanuel Church: Annual Report 2021

Emmanuel – to be used as a vaccination centre. Terms agreed.

Congregations – Opening church but with some restrictions in place. Online broadcast has largest congregation.

Rector’s Update – Mission Communities update. New Area Dean appointed (Revd Nick Watson). We will be in the Deanery of Manchester South and Stretford.

Fabric – Emmanuel toilets update- work on schedule. Emmanuel Forest Garden Project. Home Café – Reappointment of Trustees. Grant received to restart

July Finance – General Fund update. Usual rental income low, rent from vaccination centre has helped. SAS minutes.

Rector’s update – Mission Communities update as to how it may look. Inclusive Church Statement reviewed.

Fabric – Emmanuel toilets delay in opening. Emmanuel Forest Garden Project proposals. Academy Trust – School Foundation Governor for Didsbury C of E School. Staffing – ALM proposal.

Home Café – AGM held. Work on the overhanging trees will hopefully benefit their trade. Volunteers needed.

Staffing – Katrin Alldavoodi accepted position as Curate in the parish from June 2022 Alex McDonnell, Ordinand, offered curacy at William Temple Church, Wythenshawe .

AOB – South Asian Congregations. Daniel Mari received funding from tithe money for 12 months with intention will become self-sufficient to plant a new congregation.

St James' and Emmanuel Church: Annual Report 2021

2.4 Plans for the New Year (2022)

2022 will be a year of significant change for St James and Emmanuel as the consequences of the newly formed Mission Community are felt. This will result in some level of pastoral reorganisation and increased responsibilities for the PCC and ministry team.

Staff Team

Vision and Values

Creation Awaits

Inclusion

Mission Communities

Congregations

St James' and Emmanuel Church: Annual Report 2021

Personal Journey

Local Community

Children, Youth and Families

2.5 Financial Review

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and FRS102 SORP 2016.

2021 has seen a consolidation of our giving to the General Fund in that it has remained level with the previous year. Our rental income however has grown by £43k as a result of our buildings being allowed

St James' and Emmanuel Church: Annual Report 2021

to open up post lockdown and our church hosting a vaccine centre for the second half of the year. Our occasional service fees returned to 2019 levels of £10k, an increase of £6k on 2020. Expenditure has increased by £32k, notably in the area of staff costs of £17k as furlough of staff was much less in 2021 and building expenses of £9k with the additional cleaning requirements and maintenance of our buildings. Ministry costs were similar to 2020 as we continued with online services at a cost of £10k. Parish Share has been paid in full. Overall, we managed to maintain our level of free reserves (general reserves not committed to specific projects or invested in assets for the use of the Parish). Our General Fund at the year end stood at £40k having hived off our assets in 2021 to a newly established designated fund called the General-Asset Fund having a value of £17k at the year end. The Stewardship and Strategy Team continue to focus on growing our giving by predominately electronic means which continues to be of great benefit in this digital world with hybrid meetings and online services. We have and continue to pay close attention on our expenditure so that we achieve a balance by the year end.

In 2021 the Fabric Fund benefitted by donations of £4k, a VAT refund of £5k and transfers of £145k from the Legacy and General Funds. £157k was spent; split £151k on the Emmanuel toilet refurbishment, £3k on a new notice board and grounds at St James and £3k on ventilation in the Parish Centre. The balance at the year end on this fund amounted to £20k of which £18k is for general purposes.

Of the Legacy fund established in 2019, interest of £2k was received and £145k was spent in 2021; split £143k on Emmanuel toilet refurbishment and £2k on missional activities, supporting the South East Asia ministry newly established in 2021. This fund had a balance at the year end of £197k.

The Mission Account has a balance at the end of the year of £1k having received an allocation from the General Fund of £29k of which £31k was given to mission partners.

Turning to the Restricted Funds which are amounts not available for general purposes:

The Coffee Concert Fund benefitted from donations for concert performances of £6k and the £5k spent was given predominately to St James and Emmanuel and the Royal Northern College of Music Awards Fund and the remainder went towards the usual concert expenses. The balance on this fund at the year end was £3k.

The Lizzie Lowe Legacy raised funds in 2021 of £11k, and spent £12k. Of the balance on this fund at the end of the year of £17k, £5k related to Didsbury Pride, £5k for a new “Youth work” and £7k for general inclusion purposes of this restricted fund.

The Parish Project Fund (PPF) which essentially represents the value of the Parish Centre, including fixtures and fittings, has a year end balance of £931k, as a result of the building being valued in 2018 in accordance with the accounting policy agreed by the PCC.

The Poverty Action Fund continues for the Farsi speaking community predominately. In 2021, donations of £11k were received and £6k was spent on the Farsi mission, leaving a balance at the year end of £8k. Of the donations received, £10k was from The Message.

There was no movement on the St James Organ Fund , as this represents the asset value of £49k.

St James' and Emmanuel Church: Annual Report 2021

Finally, we hold Endowment Funds of £17k, which represent the market value of these investments as at 31 December 2021.

Overall, the net deficit in 2021 amounted to £129k leaving a total fund balance at the year end of £1,307k; split £275k unrestricted, £1,014k restricted and £17k endowment funds.

2.6 Grant Making Policy

Gifts to external organisations and individuals are considered by the Mission Team, who is allocated at least 10% of our voluntary general income each year. The first priority is to meet the financial commitments to the mission partners with whom we are linked. Other issues are considered including financial support for development projects associated with our mission links.

2.7 Reserves Policy

The PCC has formalised a policy of holding reserves sufficient for the foreseeable needs of the Parish. A Fabric Fund is topped up by any surplus funds on the General Fund such that an amount is set aside to meet capital expenditure. The level of free reserves (general reserves not committed to specific projects or invested in assets for the use of the Parish) are anticipated to be between two and three months’ budgeted expenditure, which currently equates to somewhere between £66k and £98k. At the year end the free reserves of £57k were below the desired range.

The PCC has the power to invest the church’s available funds. Any changes to the Investment Policy must be approved and minuted by the PCC.

2.8 Risk Management

The PCC has considered and identified the key risks affecting the charity, which are believed to be:

In order to minimise these risks the PCC or a subcommittee thereof hold regular meetings to address those risks identified concentrating on building issues, development of policies and regular reviews of financial information. In addition, a major Health and Safety audit of our buildings was undertaken in 2020 and the risks identified will continue to be addressed as an on-going exercise with a view to balance maintenance expenditure with retention of funds for longer-term projects.

All major insurable risks are subject to normal Churches and employers’ insurance.

We continue to monitor our Child Protection Policy in order to comply with the Diocesan Policy and make sure that we fulfil the requirements of the Disclosure and Barring Service. Regular Child Protection training is undertaken.

St James' and Emmanuel Church: Annual Report 2021

2.9 Statement of PCC Responsibilities

The PCC are responsible for preparing the Annual Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice).

Law applicable to charities in England and Wales requires the PCC to prepare financial statements for each financial year which give a true and fair view of charity and of the incoming resources and application of resources of the charity for that year. In preparing these financial statements the PCC are required to:

The PCC are responsible for keeping proper accounting records which disclose with reasonable accuracy at any time the financial position of the charity and enable them to ensure that the financial statements comply with the Charities Act 2011. They are also responsible for safeguarding the assets of the charity and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

Approved by the PCC on 21 March 2022 and signed on its behalf by:

Revd Dr Nick Bundock, Rector

St James' and Emmanuel Church: Annual Report 2021

Section 3: Independent Examiner’s Report

Independent Examiner’s report to the members of St James and Emmanuel PCC

I report on the accounts of the Charity for the year ended 31 December 2021.

Responsibilities and basis of report

As the charity trustees you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 (‘the Act’).

I report in respect of my examination of the Charity’s accounts carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.

Independent examiner’s statement

Since the Charity’s gross income exceeded £250,000 your examiner must be a member of a body listed in section 145 of the 2011 Act. I confirm that I am qualified to undertake the examination because I am a member of The Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.

I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:

  1. accounting records were not kept in respect of the Charity as required by section 130 of the Act; or

  2. the accounts do not accord with those records; or

  3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair view which is not a matter considered as part of an independent examination; or

  4. the accounts have not been prepared in accordance with the methods and principles of the Statement of Recommended Practice for accounting and reporting by charities.

I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in this report in order to enable a proper understanding of the accounts to be reached.

Eric Langer, BSc FCA Chartered Accountant Independent Examiner 8-10 Gatley Road Cheadle Cheshire SK8 1PY Date:

St James' and Emmanuel Church: Annual Report 2021

Section 4: Financial Statements

SUMMARY OF FUNDS FOR THE YEAR ENDED 31 DECEMBER 2021

Gains
Opening and Surplus Closing
Balance Income Expenditure losses Transfers (Deficit) Balance
£ £ £ £ £ £ £
Unrestricted Funds
General Fund 47,218 396,776
(358,978)		 (44,792) (6,994) 40,224
General-Asset Fund - -
-		 16,680
16,680		 16,680
Fabric Fund 23,705 8,717
(157,101)		 144,755
(3,629)		 20,076
Legacy Fund 340,480 1,740
-		 (145,455) (143,715) 196,765
Mission Account 3,116 -
(30,637)		 28,812
(1,825)		 1,291
Total Unrestricted 414,519 407,233 (546,716) - - (139,483) 275,036
Restricted Funds
Coffee Concert Fund 2,150 5,795
(5,210)		 -
585		 2,735
Emmanuel NIF Fund - 5,003
(18)		 -
4,985		 4,985
Lizzie Lowe Legacy 18,013 10,960 (11,628) -
(668)		 17,345
Parish Project Fund 932,491 -
(1,123)		 -
(1,123)		 931,368
Poverty Action Fund 3,496 11,143
(6,262)		 -
4,881		 8,377
St James Organ
Fund 49,256 -
-		 -
-
49,256
Total Restricted 1,005,406 32,901 (24,241) - - 8,660 1,014,066
Endowment Funds 15,141 - - 2,177 - 2,177 17,318
Total 1,435,066 440,134 (570,957) 2,177 - (128,646) 1,306,420

Unrestricted Funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.

The General Fund is used to record all other income and expenditure of the PCC other than that noted below and is used to fund the general running costs of the Parish. This year we have stripped out the asset value from the General Fund and allocated to a separate designated fund, the General–Asset Fund.

The Fabric Fund is maintained to allocate and monitor expenditure on the fabric of the buildings. Other than specific donations, funds are transferred from the General Fund to meet these costs.

The Legacy Fund represents a bequest received and is designated to ensure that monies are distributed in accordance with PCC policy.

The Mission Account is an allocation of General Fund income and this is spent supporting mission activities in the UK and overseas.

Restricted funds represent monies given by a donor with a specific restriction on their future use.

The Coffee Concert Fund records the monies raised, expenses incurred and donations given towards St James and Emmanuel and Royal Northern College of Music Awards Fund.

The Emmanuel NIF Fund is to manage the expenditure of a grant from the Manchester City Council Neighbourhood Investment Fund towards the Changing Places installation at Emmanuel.

The Lizzie Lowe Legacy represents monies raised and spent on working towards inclusion in its widest aspect, predominately amongst young adults.

The Parish Project Fund records the monies raised and expenses incurred towards the building of the Parish Centre.

The Poverty Action Fund represents monies raised and expenses incurred on hardship projects.

The St James Organ Fund represents the funds raised towards the replacement of St James’ organ and its further use on an ongoing basis.

Endowment Funds are funds, the capital of which must be maintained; only the income arising from the investment of the endowment may be used.

St James' and Emmanuel Church: Annual Report 2021

STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021

Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2021
2021
2021
Note
£
£
£
INCOMING RESOURCES
Voluntary
income
2a
305,860
20,825
-
Activities for
generating
funds
2b
68,187
1,653
-
Income from
investments
2c
2,316
-
-
Income from
church
activities
2d
24,398
10,420
-
Other
incoming
resources
2e
6,472
3
-
TOTAL INCOMING
RESOURCES
407,233
32,901
-
RESOURCES USED
Fundraising
costs
3a
37,211
1,092
-
Church
Activities
(see note 5a)
3b
505,711
23,149
-
Governance
costs
3c
3,794
-
-
TOTAL
RESOURCES
USED
546,716
24,241
-
NET INCOMING
RESOURCES
BEFORE
TRANSFERS
(139,483)
8,660
-
Transfers
between
funds
7
-
-
-
NET INCOMING
RESOURCES
(139,483)
8,660
-
GAINS ON INVESTMENT ASSETS
On
revaluation
8
-
-
2,177
NET MOVEMENT
IN FUNDS
(139,483)
8,660
-
Balances brought
forward at 1
January 2021
414,519
1,005,406
15,141
BALANCES
CARRIED
FORWARD AT 31
DECEMBER 2021
275,036
1,014,066
17,318		 Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2021
2021
2021
Note
£
£
£
INCOMING RESOURCES
Voluntary
income
2a
305,860
20,825
-
Activities for
generating
funds
2b
68,187
1,653
-
Income from
investments
2c
2,316
-
-
Income from
church
activities
2d
24,398
10,420
-
Other
incoming
resources
2e
6,472
3
-
TOTAL INCOMING
RESOURCES
407,233
32,901
-
RESOURCES USED
Fundraising
costs
3a
37,211
1,092
-
Church
Activities
(see note 5a)
3b
505,711
23,149
-
Governance
costs
3c
3,794
-
-
TOTAL
RESOURCES
USED
546,716
24,241
-
NET INCOMING
RESOURCES
BEFORE
TRANSFERS
(139,483)
8,660
-
Transfers
between
funds
7
-
-
-
NET INCOMING
RESOURCES
(139,483)
8,660
-
GAINS ON INVESTMENT ASSETS
On
revaluation
8
-
-
2,177
NET MOVEMENT
IN FUNDS
(139,483)
8,660
-
Balances brought
forward at 1
January 2021
414,519
1,005,406
15,141
BALANCES
CARRIED
FORWARD AT 31
DECEMBER 2021
275,036
1,014,066
17,318		 Total
Funds
2021
£		 Unrestricted
Restricted
Endowment
Funds
Funds
Funds
2020
2020
2020
£
£
£		 Total
Funds
2020
£
305,860
20,825
-
68,187
1,653
-
2,316
-
-
24,398
10,420
-
6,472
3
-
407,233
32,901
-
D
37,211
1,092
-
505,711
23,149
-
3,794
-
-
546,716
24,241
-
(139,483)
8,660
-
-
-
-
(139,483)
8,660
-
MENT ASSETS
-
-
2,177
326,685

69,840

2,316

34,818

6,475

440,134
38,303
528,860
3,794

570,957
(130,823)

-

(130,823)
2,177		 315,749
10,484
-
24,710
-
-
3,235
-
-
23,892
6,375
-
3,371
-
-
370,957
16,859
-
45,088
1,133
-
356,887
16,421
-
4,213
-
-
406,188
17,554
-
(35,231)
(695)
-
-
-
-
(35,231)
(695)
-
-
-
978
326,233

24,710

3,235

30,267

3,371

387,816
46,221
373,308
4,213

423,742

(35,926)
-
(35,926)
978
(139,483)
8,660
-		 (128,646) (35,231)
(695)
978		 (34,948)
414,519
1,005,406
15,141		 1,453.066 449,750
1,006,101
14,163		 1,470,014
275,036
1,014,066
17,318		 1,306,420 414,519
1,005,406
15,141		 1,453,066

St James' and Emmanuel Church: Annual Report 2021

BALANCE SHEET AT 31 DECEMBER 2021

Note
FIXED ASSETS
Investments
9a
Tangible Fixed Assets
9b
Total Fixed Assets
CURRENT ASSETS
Debtors
10a
Concessionary Loans
10b
Cash at bank and in hand
Total Current Assets
LIABILITIES: amounts falling due within one
year
11
NET CURRENT ASSETS
NET ASSETS
FUNDS
Unrestricted
12
Restricted
12
Endowment
12
TOTAL FUNDS		 2021
£
17,318
1,001,780
1,019,098
26,456
2,000
280,374
308,830
(21,508)
287,322
1,306,420
275,036
1,014,066
17,318
1,306,420		 2020
£
15,141
990,920
1,006,061
18,506
4,500
424,517
447,523
(18,518)
429,005
1,435,066
414,519
1,005,406
15,141
1,435,066

Approved by the Parochial Church Council on 21st March 2022 and signed on its behalf by:

Revd Dr Nick Bundock, Rector

Mrs Hilary A Lowe, Treasurer

St James' and Emmanuel Church: Annual Report 2021

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

1. ACCOUNTING POLICIES

Basis of preparation and assessment of going concern

The financial statements have been prepared in accordance with the Church Accounting Regulations 2006, the Charities Act 2011, the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102).

The financial statements have been prepared under the historical cost convention with items recognised at cost or transaction value except for the valuation of investments and fixed assets which are shown at their market value at 31 December 2021.

The financial statements include all transactions, assets and liabilities for which the PCC is responsible by law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.

The charity constitutes a public benefit entity as defined by FRS 102.

The PCC consider that there are no material uncertainties about the charity’s ability to continue as a going concern.

Income recognition

All income is recognised once the charity has entitlement to the income, it is probable that the income will be received and the amount of income receivable can be measured reliably.

Donations are recognised when the charity has been notified in writing of both the amount and settlement date. Collections are recognised when received on behalf of the PCC. Planned giving receivable that is gift aided is recognised only when received. Income tax recoverable on gift aid donations is recognised when the income is recognised.

Legacy gifts are recognised on a case-by-case basis following the granting of probate when the administrator/executor for the estate has communicated in writing both the amount and settlement date.

Interest on fund held on deposit is included when receivable and the amount can be measured reliably by the charity; this is normally upon notification of the interest paid or payable by the bank. Dividends are recognised once the dividend has been declared and notification has been received of the dividend due.

Funds raised by events are shown gross.

Rental income from the letting of church premises is recognised when the rental is due.

Income from government grants and other grants, whether capital or revenue, is recognised when the charity has entitlement to the funds, any performance conditions attached to the grants have been met, it is probable the income will be received and the amount can be measured reliably and is not deferred.

Any grant that is subject to performance-related conditions received in advance of delivering the goods and services required by that condition, or is subject to unmet conditions wholly outside the control of the recipient charity, is accounted as a liability and shown on the balance sheet as deferred income.

Realised gains or losses are recognised when investments are sold. They are calculated as the difference between sales proceeds and their opening carrying value or their purchase value if acquired subsequent to the first day of the financial year. Unrealised gains or losses are taken to the Statement of Financial Activities on revaluation of investments at 31 December 2021.

St James' and Emmanuel Church: Annual Report 2021

NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021 (continued)

Expenditure Recognition

Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measure reliably.

All expenditure is accounted for on an accruals basis. All expenses including support costs and governance costs are allocated or apportioned to the applicable expenditure headings as described in the relevant note to the accounts.

Pensions

The PCC offers a stakeholder pension scheme to all employees. The insurers of the scheme hold the assets of the scheme separately from those of the PCC. The pension cost charge represents contributions payable by the Church to the fund for qualifying staff. The PCC has no further liability to the pension funds beyond these contributions.

Operating leases

Rentals paid under operating leases are charged to the Statement of Financial Activities as incurred over the term of the lease.

Fixed assets

Consecrated land and buildings and moveable church furnishings

Consecrated and benefited property is excluded from the financial statements by the Charities Act 2011.

No value is placed on moveable church furnishings held by the churchwardens on special trust for the PCC and require a faculty for disposal, since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or benefice buildings and moveable church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities (SOFA).

Other land and buildings

The Parish Centre is valued every 5 years and stated at its revalued amount. It is therefore not deemed necessary to depreciate the building. Any expenditure on maintenance or improvement is written off as incurred.

Fixtures and fittings

Fixtures and fittings are depreciated at 15% on a reducing balance basis with the exception of the Walker organ which is valued at purchase cost and will not be subject to depreciation in view of its deemed market value being significantly more than cost. Items of equipment that cost less than £2,500 are written off in the period in which they are acquired.

Financial Instruments

The PCC has made a concessionary loan. This is initially recognised at transaction value and subsequently measured at settlement value.

St James' and Emmanuel Church: Annual Report 2021

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 (continued)

2 INCOMING RESOURCES Unrestricted Restricted Total Total
Funds Funds Funds Funds
2021 2021 2021 2020
£ £ £ £
2a Voluntary income
Giving:
Gift Aid donations 216,703 6,891 223,594 217,207
Tax recoverable 54,553 1,696 56,249 55,069
Other giving 33,035 2,238 35,273 42,407
Donations:
For specific causes 1,569 10,000 11,569 1,550
Bequest - - - 10,000
305,860 20,825 326,685 326,233
2b Activities for generating funds
Church Hall rental income 31,501 - 31,501 14,199
BBC rental income - - - 1,251
Church rental income 29,188 - 29,188 2,060
Office income 3,857 - 3,857 3,411
Fundraising income 3,641 1,653 5,294 3,789
68,187 1,653 69,840 24,710
2c Income from investments 2,316 - 2,316 3,235
2d Income from church activities
Occasional service fees 10,312 - 10,312 4,521
Grants received (see note 4) 6,962 8,000 14,962 13,145
Toddler groups 1,970 - 1,970 1,549
Other activities and events 5,154 2,420 7,574 11,052
24,398 10,420 34,818 30,267
2e Other incoming resources
Insurance claims 335 - 335 902
Grants received (see note 4) 6,137 3 6,140 2,469
6,472 3 6,475 3,371
TOTAL INCOMING RESOURCES 407,233 32,901 440,134 387,816

St James' and Emmanuel Church: Annual Report 2021

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 (continued)

3 RESOURCES USED Unrestricted Restricted Total Total
Funds Funds Funds Funds
2021 2021 2021 2020
£ £ £ £
3a Fundraising costs
Staff costs:
Wages & salaries 11,037 - 11,037 9,388
Church hall running and maintenance costs 25,705 103 25,808 33,393
Depreciation
Parish Centre - Fixtures and Fittings -
963		 963 1,133
Fundraising costs 470 26 496 2,307
37,211 1,092 38,303 46,222
3b Church Activities (see note 5a)
Church giving to mission (see note 6) 30,540 - 30,540 32,390
Poverty Action Group -
5,351		 5,351 9,389
Parish Share (Diocesan costs) 150,000 - 150,000 147,020
Buildings:
Premises Maintenance 175,480 18 175,498 49,260
Cleaning, insurance Council tax &
utilities 28,907 - 28,907 26,179
Church Hall running and maintenance 4,284
17		 4,301 5,566
Clergy expenses 4,984
-		 4,984 3,783
Occasional service expenses 6,379
-		 6,379 2,925
Ministry team expenses 29,879 1,144 31,023 28,158
Youth and children's work 1,002
-		 1,002 1,799
Toddler groups 516
-		 516 319
Staff costs:
Wages & salaries 48,116 1,367 49,483 43,798
Expenses 6,380
-		 6,380 353
Training 1,362
-		 1,362 586
Office expenses 8,175
-		 8,175 7,628
Refreshments 408
-		 408 226
Depreciation
Fixtures and Fittings 216 160 376 254
Equipment 2,728 790 3,518 1,554
Bank and card processing charges 282
33		 315 625
Other activities and events 5,177
14,269		 19,446 11,496
Flowers 895 - 895 -
505,711 23,149 528,860 373,307

St James' and Emmanuel Church: Annual Report 2021

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 (continued)

3 RESOURCES USED (Cont.) Unrestricted Restricted Total Total
Funds Funds Funds Funds
2021 2021 2021 2020
£ £ £ £
3c Governance costs
Independent Examiners Fee 1,344 - 1,344 1,260
Finance costs 89 - 89 636
Staff costs:
Wages & salaries 2,361 - 2,361 2,317
3,794 - 3,794 4,213
TOTAL RESOURCES USED 546,716 24,241 570,957 423,742
4 GRANTS RECEIVED
4a Unrestricted Restricted Total Total
Funds Funds Funds Funds
2021 2021 2021 2020
£ £ £ £
Revenue grants from government and
public bodies
HMRC - Coronavirus Job Retention
Scheme 6,962
-		 6,962 12,395
Manchester City Council Neighbourhood
Investment Fund -
8,000		 8,000 -
The Listed Places of Worship (LPW) Grant
Scheme 6,137
3		 6,140 2,469
Total public sector revenue grants 13,099
8,003		 21,102 14,864

Grants were received from the HMRC Coronavirus Job Retention Scheme towards wages of furloughed staff due to the Covid-19 pandemic.

Two grants were received from the Manchester City Council Neighbourhood Investment Fund. These are funds available to communities to make their neighbourhoods better places to live. £5,000 was towards the Changing Places installation at Emmanuel and £3,000 towards Didsbury Pride.

The Listed Places of Worship (LPW) Grant Scheme gives grants that cover the VAT incurred in making repairs to listed buildings in use as places of worship. The PCC receives these funds as a reimbursement of VAT paid on eligible expenditure.

St James' and Emmanuel Church: Annual Report 2021

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 (continued)

5 CHURCH ACTIVITIES

5a Expenditure on church activities is 2021
as follows:
£
Activities undertaken directly 500,928
Grant funding and donations 42,109
Support costs (see note 4b) 27,920
570,957

5b Support costs

The allocation of support costs, including pension contributions to defined contribution plans, has been based on the estimated proportion of time costs of the individual members of staff and the expenditure related to their activity. The overall allocation is as follows:

5c

is as follows:
2021
£
Support staff salary costs 18,660
Office expenses and bank charges 4,403
Depreciation: Fixtures & Fittings 4,857
27,920
Total staff costs 2021 2020
£ £
Salaries 61,514 54,953
Employer’s contributions to defined
contribution pension schemes 1,367 550
Social security costs - -
62,881 55,503

The clergy stipends are paid directly by the Diocese and are not included above. No employee received employee benefits excluding employer pension costs of more than £60,000 per annum.

2021 2020
Number Number
The average number of employees was as follows:
Support & Layworkers 1 1
Management & administration 2 2
3 3

St James' and Emmanuel Church: Annual Report 2021

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 (continued)

5d Trustees' expenses

Members of the PCC receive no remuneration for acting as such. The expenses paid to the trustees in the year totalled £12,493 (2020-£6,660). 8 trustees were reimbursed. Clergy expenses (to 5 trustees) totalling £2,429 (2020-£2,359) for travel, hospitality, phone, internet and mobile costs were paid. Other Clergy expenses (to 3 trustees) relating to expenses of office totalling £1,221 (2020£686) for training, books, subscriptions, robes etc were paid. £8,843 (2020-£3,615) were reimbursed to 7 trustees to pay for materials and items for church activities and fundraising costs.

6 MISSION GIVING
MISSION GIVING 2021 2020
£ £
General Mission Fund:
Christian Aid 500 -
DEC (Disasters Emergency Committee)- Coronavirus Appeal - 1,000
Daniel Eswarappa - Evangelising Asia 5,350 5,000
L’Arche Manchester 4,540 4,190
Ozanne Foundation 2,850 2,500
Howie Pickering - 2,000
Potter's Village 5,350 5,000
K L Roberts - No Barriers Foundation 2,300 2,300
Samara’s Aid Appeal 2,750 2,400
St James and Emmanuel - Harvest Care 4 Calais Afghan appeal 200 -
Team travel and expenses – Uganda - 500
Tearfund 2,850 2,500
Tearfund – supporting work in Haiti 1,000 500
The Message Trust 2,850 2,500
Total Mission Giving (from Church Fund Tithe) 30,540 30,390
Admin, Expenses and Bank Charges 97 60
30,637 30,450
Additional Mission giving
The Children's Society - 1,000
Salford Deanery Synod - 500
St Luke's Church Wythenshawe Deanery - 250
St Martin's Church Wythenshawe Deanery - 250
Total Mission Giving (from General Funds) - 2,000

St James' and Emmanuel Church: Annual Report 2021

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 (continued)

7 FUND TRANSFERS

7 FUND TRANSFERS
Transfer Unrestricted Restricted
Amount Funds Funds
2021 2021 2021
£ £ £
From General Fund To General-Asset
Fund 16,681 - -
From General Fund To Mission Fund 28,812 - -
From General Fund To Fabric Fund 12,000 - -
From Fabric Fund to General Fund 10,450 - -
From Legacy Fund to General Fund 2,250 - -
From Legacy Fund to Fabric Fund 143,205 - -
8 UNREALISED GAINS/LOSSES IN INVESTMENTS AND FIXED ASSETS
Unrealised gain on investments: 2021
£
Market value at 31 December 2021 17,318
Market value at 31 December 2020 15,141
Gain (details shown in note 8a) 2,177
Represented by:
Unrealised gain arising from change in market value 2,177
9 FIXED ASSETS FOR THE USE BY THE PCC
9a Investments
The investments are endowment funds.
Shares / Market Market
Nominal Cost Value Value
Value 2021 2020
£ £ £
CC & M Ellis Memorial Fund:
CBF INV FUND 124001141S** 740.52 2,116 17,318 15,141
Total 2,116 17,318 15,141

St James' and Emmanuel Church: Annual Report 2021

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 (continued)

9b
Tangible Fixed Assets		 Freehold Fixtures, Total
land and fittings &
Buildings Equipment
£ £ £
Cost or Valuation
At 1 January 2021 1,045,922 128,588 1,174,510
Additions during the year -
15,717		 15,717
At 31 December 2021 1,045,922 144,305 1,190,227
Depreciation
At 1 January 2021 120,922 62,668 183,590
Charge for the year -
4,857		 4,857
At 31 December 2021 120,922 67,525 188,447
Net Book Value
At 1 January 2021 925,000 65,920 990,920
At 31 December 2021 925,000 76,780 1,001,780
The land and buildings were valued by an independent valuer, Bentley Higgs LLP, on
1 November 2018 at £925k.
2021 2020
Freehold land and buildings included above: £ £
Historical cost 1,045,922 1,045,922
Cumulative depreciation based on historical cost 120,922 120,922
925,000 925,000
10 DEBTORS
10a Debtors
2021 2020
£ £
Income tax recoverable on Gift Aid 13,484 10,844
Other debtors and prepayments 12,972 7,662
26,456 18,506
10b Concessionary Loans
2021
£
Amount repayable within one year 2,000
Amount repayable after more than one year -

10c Significance of Financial Instruments to the Charities Position

A concessionary loan of £12,000 was provided to The Parish Hall Charity (registered charity number 501253) in 2017 with the approval of the PCC for essential and substantial roof repairs required at No 6 Barlow Moor Road, Didsbury. The money was lent interest free and whilst no formal arrangement of repayment terms have been stipulated it is expected that the loan will be repaid in 2022 dependent upon the cash flow requirements of No 6. This was a related party transaction.

St James' and Emmanuel Church: Annual Report 2021

NOTES TO THE ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021 (continued)

11 LIABILITIES: amounts falling due within one year

2021 2020
£ £
Accruals and deferred income (21,508) (18,518)

12 FUNDS

FUNDS
Unrestricted Restricted Endowment Total
Funds Funds Funds Funds
£ £ £ £
The Fund values are represented by:
Investments - -
17,318		 17,318
Tangible fixed assets 16,681 985,099 - 1,001,780
Assets 277,963 30,867 - 308,830
Liabilities
 (19,608) (1,900) - (21,508)
275,036 1,014,066 17,318 1,306,420
FINANCIAL COMMITMENTS
At 31 December 2021, the PCC has annual commitment under non-cancellable operating
leases as follows:
2021 2020
£ £
Expiry date:
Within one year 926 750
Between one and five years - 806

13 FINANCIAL COMMITMENTS

14 CAPITAL COMMITMENTS

At 31 December 2021, there were no capital commitments to report.

At 31 December 2020, the PCC approved the Capital outlay for Emmanuel of £150k to refurbish the toilets, including the installation of a Changing Places toilet. This project will be substantially funded by the legacy received in 2019 and 10% from monies raised through fundraising.