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The Parish Church of Branksome St. Clements
Year End 31[st] December 2021
Annual Report April 2022
TREASURER’S REPORT
Overview
5[th] January 2021 saw the start of another lockdown until April 2021. Amazing work was completed by Mo, Lynn and Colin to ensure ministry was maintained via You Tube; and the office have provided essential support to the community via Foodbank. This impacted donations normally expected from these services, but our members continue to support through standing order and donations to the office.
We celebrated the life and work of Jonathan Foster who retired June 2021 and enjoyed a special retirement service for Jonathan and Jane, with special thanks for all they have done.
Work is now being done by the PCC to secure a new incumbent.
Parish Share
We have paid our Parish Share of £72159 in full to Salisbury Diocese Board of Finance, all from donations received.
Our share allocation for 2022 has increased by 5% to £75766.61.
Investments
We have one Endowment Funds under the control of Salisbury Diocese Board of Finance. The value of shares increased by £122794, an increase of 14.53%. The dividends received from the investments in 2021 was £24560. The income from the shares is subject to market conditions and can fluctuate.
Utilities
In August the utility contracts were renewed and fixed. Gas for the church and church hall has been fixed at 3.85 p/kWh unit rate with a standing charge of 45p/day for 5 years until 2/8/26. Electricity for the church and church hall has been fixed at 14.45p/kWh unit rate with a standing charge of 49.77p/day for 2 years until 31/3/23.
The contract regarding the utilities (electricity) for the flat is due to be renewed October 2022. We are currently paying 27.71p/day standing charge at a fixed rate of 13.36p/kWh
Reserves
The PCC had £157551 in Unrestricted Funds as of 31/12/21.
- Legacies / Gift Day / Grant / One off gifts
Janet Munro legacies blessed our church again providing a further £38927.91 on 2[nd] February 2021 plus £2299.32 from Forelles Estates on 23/7/21. We also had 3 anonymous payments, one from a legacy for £10000, plus donations for £3000, that was donated purposefully for the replacement of the hall emergency doors, and a donation of £6000. Gift day in 2021 saw £2583 raised and used to purchase a new Church notice board.
We are very blessed for the love and financial support from our members and towards Jonathan when monies were raised and used for his retirement service and gift.
Thank You
Thank you to all for your kindness, generosity, patience and faithfulness.
Adeeta Knight (Honorary PCC Treasurer)
The Parish Church of Branksome St. Clement Year Ended 31st December 2021
| Statement of Financial Activity Notes INCOMING RESOURCES 2 From donors 2a Other voluntary income 2b From operating activities 2c Investment income 2d TOTAL INCOMING RESOURCES RESOURCES EXPENDED 3 Grants 3a Activities directly relating to the work of the Church 3b Church management & administration 3c TOTAL RESOURCES EXPENDED NET INCOMING (OUTGOING) RESOURCES GAIN (LOSS) ON INVESTMENT 5b Proceeds from Shares Sold NET MOVEMENT IN FUNDS BALANCES B/F 1st JANUARY BALANCES C/F 31st DECEMBER 6 |
Unrestricted Funds General |
Unrestricted Funds General |
Unrestricted Funds General |
2021 Restricted Funds Endowment |
2021 Restricted Funds Endowment |
Total | ||
|---|---|---|---|---|---|---|---|---|
| £ 111,638 762 30,345 24,820 167,565 2,139 118,253 41,062 - 161,454 6,111 - 6,111 220,193 157,551 |
£ - - - 122,794 - - 122,794 886,347 967,758 |
|||||||
The Parish Church of Branksome St. Clement
Notes to the Financial Statements
for the year ended 31[st ] December 2021
| 2. INCOMING RESOURCES a) Income from donors Planned giving Gift aid donations Tax recovered Other giving Collections (open plate) Legacies/Gift day/Grant Sundry donations b) Other voluntary income Fund raising & special appeals c) Income from operating activities Books & bible reading notes Church hall lettings Magazine Fees for weddings & funerals Other Rent of Flat d) Income from investments Dividends & interest TOTAL INCOMING RESOURCES |
General £ 22,069 7,354 8,482 4,590 66,509 420 109,424 762 66 22 13,581 118 9,689 23,476 24,817 158,479 |
Unrestricted Fund Church Yard Hall Youth £ £ £ 270 68 965 700 1,038 965 - - - - 6,869 - 6,869 - - - 1,038 7,834 **- ** |
Building £ 100 45 66 211 - - 3 214 |
Endow't Funds £ - - - - **- ** |
Total Funds £ 22,439 7,467 9,513 4,590 66,509 1,120 111,638 762 66 6,869 22 13,581 118 9,689 30,345 24,820 167,565 |
2020 £ 25,827 8,941 6,816 4,401 16,393 2,253 64,631 - 122 78 903 1,409 10,952 56 10,442 23,840 27,199 115,548 |
|---|---|---|---|---|---|---|
The Parish Church of Branksome St. Clement Notes to the Financial Statements
for the year ended 31[st ] December 2021
4. STAFF COSTS (Excluding St Clement Clergy)
4. STAFF COSTS (Excluding St Clement Clergy) 2021 2020 Salaries, fees & national insurance £34,990 £37,693
5. FIXED ASSETS USED BY THE PCC
a) Tangible fixed assets
There are no tangible assets capitalised
b
| ) Investment fixed assets Market value 1stJanuary Net gains/losses on annual revaluation Proceeds from shares sold Value at 31st December Holdings at 31stDecember - no. of shares Market value per share at 31stDecember (p) Revaluation increase/decrease Dividends received Dividend yield NALYSIS OF NET ASSETS BY FUND Endowment funds Unrestricted funds Current assets Less Current liabilities Fund Balances |
Hall 0 0 0 |
St Barnabas 844964 122794 0 |
Total £ 844,964 £ 122,794 £- £ 967,758 41,325 23.41 14.53% £ 24,560 2.91% Total £ 967,758 £ 157,551 £- £ 1,125,309 |
Hall £ - £- £- £- - £ - Unrestricted Funds £ - £ 145,929 £ 31 £ 145,898 |
St Barnabas £ 886,347 £ 58,617 -£ 100,000 £ 844,964 41,325 £ 26,596 Restricted Funds £ 844,964 £ - £- £ 844,964 |
Total £ 886,347 £ 58,617 -£ 100,000 £ 844,964 41,325 21.45 6.61% £ 26,596 3.00% Total £ 844,964 £ 145,929 £ 31 £ 990,862 |
||
|---|---|---|---|---|---|---|---|---|
| £- 0 £0 Unrestricted Funds £ - £ 157,551 £- £ 157,551 |
£ 967,758 41,325 £24,560 Restricted Funds £ 967,758 £ - £- £ 967,758 |
6. ANALYSIS OF NET ASSETS BY FUND
The Parish Church of Branksome St. Clement
Notes to the Financial Statements
for the year ended 31[st ] December 2021
| 7. DEBTORS Prepayments Rents Gift aid recovery Total Debtors 8. CREDITORS Accruals - Fees outstanding Diocese - weddings & funerals Utilities Independent examiner Owed to sundry charities HMRC - tax & national insurance Receipts in advance Total Creditors 9 Analysis of Major Works Church Floor Replacement Architects Fees New Projector & screens New Hall Kitchen Renovation of Hall Flat |
Unrestricted Funds £ - £ - £- £- £ - £ 6,610 £ - -£ 31 £ 6,579 Church **£- ** |
2021 Restricted Total Funds £ - £ - £ - £- £- £- £- £ - £ - £ - £ 6,610 £ - £ - £ - £ - £ - £ - £ - -£ 31 £- £- £- £ 6,579 2021 Church Hall £ - £ - **£- ** |
Unrestricted Funds £ - £ - £ 18,088 £ 18,088 £ - £ - £ - £ - £ - £ 31 £- £ 31 Church £ 115,619 £ 13,772 £ 12,024 £ 141,415 |
2020 Restricted Funds £ - £- £- £ - £ - £ - £ - £ - £ - £- £- 2020 Church Hall £ - £ - £- |
Total £ - £ - £ 18,088 £ 18,088 £ - £ - £ - £ - £ - £ 31 £- £ 31 |
|---|---|---|---|---|---|
The Parish Church of Branksome St. Clement Balance Sheet as at 31st December :
| Notes FIXED ASSETS 5 Tangible fixed assets Investments (Endowment) - St Barnabas - Hall 5b CURRENT ASSETS Debtors 7 Short term investments Cash at bank and in hand CURRENT LIABILITIES Amounts falling due within one year 8 NET CURRENT ASSETS NET TOTAL ASSETS RESERVES Closing unrestricted funds Closing restricted funds - endowment TOTAL RESERVES |
2021 £ 967,758 - 967,758 26,536 45,685 83,762 155,983 - 1,568 157,551 1,125,309 157,551 967,758 1,125,309 |
2020 £ 844,964 - 844,964 18,088 23,167 104,674 145,929 544 145,385 990,349 145,385 844,964 990,349 |
|
|---|---|---|---|
Approved by the Parochial Church Council on 13[th] April 2022 and signed on its behalf by Beverley Robinson
CHARITY COMMISSION FOR ENGLAND AND WALES Independent examinerfs report on the accounts Section A Independent Examiner's Report Report to the trusteesl members of St Clemerrts Church Branksome On accounts for the year ended 31 December 2021 Charlty no (rf any) 1131692 Set out on pages I report to the trustees on my examination of the accounts of the above charity ("the Trust") for the year ended Responsibilities and basis of report As the charity's trustees, you are responsibte for the preparation of the accounts in accordan with the requirements of the Chartties Act 2011 (Ihe Acf). I report in respect of my examination of the Trust's accounts carried out under section 145 of the 2011 Act and in carying out my examination, I have followed all the applitsble Directions gtven by the Charity Commission under section 145(5)(b) of the Act. Independent examiner's ststement I have completed my examination. I confimi that no material matters hav8 ome to my attention in connection with the examination (other than that disclosed below") whith gives me cause to believe that in, any material respert: the accounting records were not kept in accordan with section 130 of the Chartties Ad; or the accounts did not accord wtth the accounting records,. or the accounts did not comply wtih the applicable requirements conceming the fom and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requir8ment that the accounts give a Irue and fairf view which is not a matter considered as part of an independent examinats'on. I have no concems and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached. . Please delete the wo$ in the bTrckets rf they do not apply. Signed: ?3/( 202z Name: Graham Hunt Relevant professional qualiti¢ation(s} or body (if anyl: ICEAW Address: IER Oct 2018