ST ANDREWS CHURCH, HOLT NORFOLK ReJider&J Ch• ￿. 1131726 PAROCHIAL CHURCH COUNCIL ACCOUNTS 2021 In accordance with the CHARITIES Act {201116UIDELINES Issued- v4 02103/22 AUDITORS CERTIFICATE rEPENDE￿ EXhMSNERS (￿F[[IFIcATE REPORTTO THE TRUSTEES OF HOLT PAROCHIAL CHURCH COUNCIL ON TrEAcc￿￿[s FOR THE YEAR ENt)ED 31ST tECEklBER 2021 The charity's trustees are responsible for the preparation of these accounts. The charitrfs tru5tee5 consider that an audit is not required for this year under 5144 of tho Charities Act 2011 Ithe Act) and that an independent exarnination is needed. It is my responsibility to al examine the accounts under s145 of the Att bl to follow the procedures laid down in the general Directions given by the Charities Commission in s145{5}(bl of the Act and cl to state whether particular matters have come to my attention. My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a compari50n of the accounts presented with those record5. It also includes consideration of any unusual items or disclosure in the accounts and seekin8 explanation5 from the trustees concerning such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a 'true and fair, view and the report is limited to those matters set out in the statement below. In connection with my examination. no matter has come to my attention {other than that disclosed below'l I which gives me reasonable cause to believe that, in any material respect. the requirements al to keep accounting records in accordance with 5130 of the Art bl to prepare accounts which accord with the accounting records and comply with the accounting requirements of the Act have not been met: or 2 to which, in my opinion, attention should be drawn in orderto enable a proper understanding of the accountsto be reached. Signed BM6Kfi Date Name I bfvL6L- Address The original certificate is held in the PCC minutes with a copy lodged at the Norwich Diocesan Board of Finance delete as appropriate TREASURERS REPORT The year 2021 cannot be considered as anything except unusual as far as accounting m3n3gement is concerned. At the beginning of the yearthe PCC accepted a budget which showed a possible £33,000 shortfall in funding. This being because no-one really knew what the year was to bring because of the effects of the COVID pandemic. However the accounts for the year show that in the end St Andrews was £5284 In surplus! Upon examination it is evident that. inter-olio. this transi5tion from 'dark to light, was brought about by generous grants from HMG towards the loss of income from our halls; a Gift Day resulting in £9376 being received- an increase in regular giving; an increase of 30% over 2020 in Gtft Aid giwng: and an increase of some £2,6(M) from wsitors making their offering through the newly inrtalled credit card machine. This improvement in income was further aided by a careful consideration of other than fixed leg: Share) expendtture This is my final year as Treasurer and over the eight years I have been in post I have always been struck by the generosity of both the town and the parishioners towards St Andrews both in time and talent. This time has not been inconsiderable and there always is a personal cost as part of this to the donor and their family. For this assistance I give heartfelt thanks. l am sure that St AndreV￿ will continue to go fonvard in the maintenance of the strurtures and increase in the outreach and pastoral care to the increasing population of Holt. It is in a good financial state of which I have no doubt It will continue to be. Barry R Holli5s, ACMA Hon. Treasurer 5th January 2022 The Church has funds allocated for various purposes as shown below. As at 3tst Dec 2021 at 31Dec 2020 Investment revaluation General Funds (Unrestricted) Petty Cash Holding With-held cash StART Fund 12137.43 Note I 92422.68 50.00 47.60 Note 3 2246.56 18553.37 67870.22 50.00 -24.87 2108.56 TOTALGENERAL FUNDS Building M'tce (Restricted) Capital reserve Fund C3pital proj￿ Fund 1rwna￿l Endowment Fund TOTAL ALLOCATED FUNDS Ring Fenced YSA Ring Fenced Live Streaming Ring Fenced Choir Fund Ring Fenced Easter Flower Fd TOTAL RING FENCED TOTAL FUNDS 88557.28 3764.08 41028.18 16850.1X) 20929.07 82571.33 504.53 988.72 426.19 3764.08 Note 4 35423.90 Note 5 16018.44 Note 6 23766.16 571.91 100.¢XJ 488.69 30.62 1191.22 Note 17 1919.44 The funds which back the above are held in the following places 2021 Movement between ears 2837.09 12137.43 14974.53 2020 Endowment Fund Invested Funds sub-total Deposited Funds 23766.16 Note 7 101674.46 Note 8a 125440.63 9564.34 Note 8b 20929.07 89537.03 110466.10 9564.34 With bankers Petty Cash Holding TOTAL FUNDS 51917.91 see below 50.¢KI -1049.70 52967.61 50.00 Cash held with Santander Bank Current account Santander Bank Deposit account Nat West Bank Current account 31038.48 3525.19 17354.24 TOTAL 51917.91 Note I Investment revaluation. This is the difference bewteen the value of the PCC'5 investments. other than the Endowment Fund. on tstjanuary 2021 and on the last trading day for 2021, being 21st Dec. Value as at 31.01.21 Value as at last trading day Revaluation 89537.03 101674.46 Note 2. Operdting Accounts. In 2021 the church received the undermentioned income from supporters or through the use of it's facilttie5. which was used to support its ministry and pastoral work together wtth the day to day maintenance of it's buildings. Overall it received £5284 more than it spent which amount is carried over into the General Fund in 2022. Operating Accounts Share Parish Funding Inwme Expenditure 67400.txl 756.79 68.156.79 11905.40 24077.71 1528.23 16776.96 658.11 14580.45 Net -67400.00 94070.14 26,670.14 -11363.72 -12808.61 4361.98 4545.74 2970.03 94,826.93 94,826.93 541.68 11269.10 5890.21 12231.22 3628.14 14580.45 Mission & Ministry Asset Management Fund Raising & Social Administration Finance Committee Control Accounts TOTAL 142967.73 0.00 137683.65 5284.08 Note 3. ￿rtI￿eld (ash is mow held lrythe T￿a$￿ unt¥1 full bags of are ready for paying in to the bank or Post offi￿ who will not readily aceept100se cash Note 4 F3bric Fund {Reslrirtedl. That r5 moneyBI¥￿ 4>Eofirally forthis purpose No money has been dra¥m from this fund Trn 2021 Balance brought in from 2020 Expenditure Balance carried forward 3764.08 3764.08 Note 5 Capital Reserve Fund Balance brought in from 2020 les5 new church boiler less new mower less towards camera system plus specific donations to fund TOTAL 41028.18 -5300.(X) -308.00 -331.28 335.00 35423.90 Note 6 Capital Proiects Fund Thi5 fund has been used for the following purpose5 Balance brought in from 2020 add-. Grant for hall improvements less cost of improvements 16850.00 8097.(K) -2149.84 5947.16 Legacy for cost of memorial for interrnent of ashes iiio. Toward5 Cost of strearning camera system -7888.72 Balance carried forward 16018.44 Note 7 Endowment Fund Arising from the sale of the Old National School in Norwich Road the Diocese holds in trust for the benefit of the church 1026 shares in the CCLA CBF Investment Fund valued by CCLA on the last trading day at £23.766.16 It must be noted that although these funds are shown wtthin the financlal assets of the churcl that they cannot be accessed without the agreement of the Diocese and the breaking of the Trust. Dividend income, however. comes to the church and is credited to the operatin8 accounts. tlote 8 Funds la} Itwested Funds These Funds consists of the following CCLA Investment Income shares Church alc Shares Bought for 31.12.21 GP Fund GP Fund 732.2 2423.43 10983.66 16960.61 40CKX).00 56136.09 983.66 73096.70 1233.72 20000.00 28577.77 Totals 70983.66 101674.46 The split between the Funds is purely a designation as none of the money was given for a specific purpose. Dividend income is credtted to the operating accounts. CPF Fund Ibl Deposlted Funds £9564.34 15 deposited with ccL￿ Interest on this is credited to the operating accounts Note 9 Valuations The church hall is insured for £2.960.000 for both buildtng and contents. The church is insured for £11.180.(K)O for both building and contents. Note 10. the totsl income arKI expendlture ofthe thurch it) the year was Area Note Income Expenditure Net Share Parish Funding Mission and Ministry Asset Management Fund Raising & Social Administration Finance Committee Control Accounts Balance Sheet Note 11 Note 12 67400.(X) 756.79 11905.40 24077.71 1528.23 16776.96 658.11 14580.45 16818.90 15450 .55 -674CKI.00 94070.14 -11363.72 -12808.61 4361.98 -4545.74 2970.03 0.00 -6333.78 -1049.70 94.826.93 541.68 11269.10 5890.21 12231.22 3628.14 14580.45 10485.12 153452.85 Note 13 Note 14 TOTALS Note 11 Share The Parish Share is levied on the Benefice in the sum of £67,4(M). All Saints has contributed £5,400.C(I In the yearthe PCC paid £67.400.00 of the Share Note 12 The net amounts received for Parish Funding were Giving and Tax Reclaim 69572.21 Funeral & Wedding Fees 7341.50 Contribution from All Sair)ts 5400.00 Gift day 9431.27 Through Electronic Giving 2325.16 TOTAL 94070.14 Note 13 The net figures for the Asset Management Group are Extension 2134.75 Church -9036.79 Churchyard -3317.72 Church Hall 4693.12 Church Hall Car Park 3943.44 Safety & Security -1839.17 TOTAL -12808.61 Note I￿ The net figures for Fund raising and Social are: Festival and Fringe 2674.89 Fund Raising & Social 1489.31 Sale of Christmas cards 197.78 TOTAL 43 Note 15 Funds collected at funerals for specified charities have been Charity Value £845.85 Alzheimers Society British Heart Foundation Cancer Research Campaign Carter Trust Helping Norfolk Hedgehogs RAF Benevolent Fund Royal National Lifeboat Instttution Stroke A550ciation The Dogs Trust 74.50 184.00 110.07 151.86 19.50 171. 37.50 65.42 32.00 TOTAL Note 16 Funds collerted for Good Causes Payments made to other charEties coming from collections for the specthc causes- Cause Value HoEt Youth Project Holt Caring Society Bishops Fund for Refugees YANA Kings Lynn Night Shelter DEC Afghan Relief Fund TOTAL 150.00 150.00 228.79 428.53 444.83 173.77 1575. Note 17 Ring fenced Items Ring Fencing is where money has been given tothe church for keeping by persons or groups for use in the future on specific projects or in specific areas.