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|Risk|i.evel|Mitigation|
|---|---|---|
|Declining|Medium|The PCC and the churches continuously
monitor the financial|
|congregations||viability ofeach church. Each church has a responsibility
to|
|and supporters—||maintain
its own building
and to contribute tothe costs ofthe|
|Reduced income||clergy through the Parish Offer. ifthere were concerns about|
|||financial
viability these would be raised with the Archdeacon|
|||and discussed
with the local community to find a way forward.|
|Declining|Medium|Each church is responsible
for finding volunteers to fill these|
|congregations||roles. The specific minimum
roles to be filled are those|
|and supporters—||responsible tothe PCCfor looking after health and safety,|
|Lackof||buildings
and grounds, assets and building
security (normally|
|volunteers||the Churchwarden).
The other necessary role isthe Treasurer.|
|||Failure ofa community
to find individuals to fulfil these roles|
|||would be referred tothe Archdeacon.|
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|Repairs needed|Medium|Every 5years each church has an independent
Quinquennial|
|---|---|---|
|to church||Report which assesses the church buildings
and details work|
|buildings||that wiii need to be done. Each church District Church Council|
|||(DCC), along with the local community
is responsible for|
|||contributing
tothe costs ofproviding
clergy (the Parish Offer)|
|||and looking after their church building.
Ifthe building cannot|
|||be maintained
to a safe standard
then it will be closed either|
|||temporarily
or permanently.|
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|FOR THE YEAR ENDED
31DECEMBER 2021|||||||||
|---|---|---|---|---|---|---|---|---|
|||||Unrestrkted|Restrkted|Endowment|TOTAL FUNDS||
|||||Fundsf|Funds
f|Funds
f|2021
f|2020
f|
|INCOME|||Note||||||
|Tax efficient planned
giving
Other Planned
Giving
Collections at services
All other giving and voluntary
income
Gift aid tax recoverable
Legacies received
Grants received
Statutory Fees (weddings,
funerals, etc.)
Magazines,
bookstall and sundry sales
Fundraising
events
Dividends
and Interest||||55,250
4,408
5,789
14,003
14,388
32,257
1,780
8,995
11,764
2,619
37,178|10,190
860
1,5SO
50
2,548
30,500
10,880
397
4,321||65,440
5,268
7,369
14,053
16,936
62,757
12,660
8,995
12,161
6,940
37,178|59,822
1,500
5,694
20,679
17,016
137,066
27,927
5,868
10,230
819
39,694|
|Other income||||||||53|
|TOTAL||||188,431|61,326||249,757|326,368|
|EXPENDITURE|||||||||
|Fundraising
Costs||||82|||82|307|
|Donations to charities||||924|1,580||2,504|5,774|
|Diocesan Parish Share contribution||||95,871|||95,871|96,388|
|Salaries / honoraria||||12,527|31,629||44,1S6|45,175|
|Expenses (ofclergy, pastoral||staff, etc.)||949|4,110||5,059|6,849|
|Mission and Evangelism||||1,118|||1,118|149|
|Church running expenses||||66,322|6,239||72,561|50,272|
|Church utility costs||||15,692|||15,692|13,699|
|Magazine
Punting
Expenses||||8,870|||8,870|10,661|
|Major Repairs to churches||||||||3,417|
|New building work||||||||1,900|
|TOTAL||||202,355|43,558||245,913|234,591|
|NET GAINS/(LOSSES) ON INVESTMENTS||||70,190||33,312|103,502|44,287|
|NET INCOME/(EXPENDITURE)|||||17,768|33312|107+46|136,064|
|TRANSFERS BETWEEN FUNDS||||( 15,000)|15,000||||
|NET MOVEMENT IN FUNDS||||41,266|32,768||107+46|136,064|
|RECONCILIATION
OFFUNDS:|||||||||
|Total funds brought forward||||1,114,930|114,091|338,681|1,S67,702|1,431,638|
|Total funds carried forward|||5&6|1,156,196|146+S9|$719991,675@48||1,567,702|
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|STATEMENT OF CASH FLOWS|||||
|---|---|---|---|---|
|FORTHE YEAR ENDED
31DECEMBER2021|||2021|2020|
||||E||
|RecondHation
ofnet income/(expenditure)|to|net cash flow from operating activities:|||
|Net income forthe year|||107,346|136,064|
|Deduct interest income shown
in investing||activities|( 37,178)|( 39,694)|
|Deduct gains/add
back losses on investments|||( 103,502)|( 44,287)|
|(Increase)/ decrease in debtors|||(38,145)|3,940|
|increase/
(decrease) in creditors|||6,306|4,935|
|Net cash flow from operating
activhfes|||( 65,173)|60,958|
|Cash Rows from Investing
Activities:|||||
|Payments to acquire investments||||( 10,000)|
|Receipts from sales ofinvestments|||||
|Interest received|||37,178|39,694|
|Cash provided
hy (used in) Investing Activities|||37,178|29,694|
|Cash Flows from Financing Actlvlties:|||||
|Repayment
ofborrowing|||||
|Cash used in FInancing Activihes|||||
|Increase (decrease) in cash in the year|||( 27,995)|90,652|
|Cash atthe beginning ofthe year|||448,124|357,472|
|Total Cash atthe end ofthe year|||420,129|448,124|
|Relating to:|||||
|Cash at bank and in hand|||420,129|448,124|
|Bank overdrafts
included
in creditors payable within one year|||||
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|||||||2021|2020f|
|---|---|---|---|---|---|---|---|
|STAFF EXPENSES
Wages and salaries||||||44,156|45,175|
|During the year there were|7|employees, 6ofwhom work part time (2020:5,4).||||||
|There were no employees|receiving more than f60,000in the year (2020:Nil}.|||||||
|During the year no trustees|received remuneration||(2020; Nil)|||||
|TRUSTEE EXPENSES||||||||
|During the year, 2Trustees|(2020: 6) were reimbursed|||for expenses which totalled f3,116(2020:|E7,502).These|expenses were for||
|church service and churchyard||necessities, travel, postage and office supplies.||||||
|INVESTMENTS||||||||
|||||||2021|2020|
|||||||f|E|
|CBFInvestment
Fund||||||1,160,456|1,061,860|
|COIF Investment
Fund||||||39,487|34,581|
|Value asat31December||||||1,199,943|1,096,441|
|Movements
in the year:
Market value 1January||||||1,096,441|1,042,154|
|Purchases less (Disposals)|||||||10,000|
|Income reinvested||||||||
|Net (loss)/gain
during year||||||103,502|44,287|
|Market value 31December||||||1199,943|1,096,441|
|ANALYSIS OF NET ASSETS|BYFUND|||||||
|2021:||||Unrestrkted|Restrkted|Endowment||
|||||Fund
E|Fundf|Fund
E|Totalf|
|Investments||||827,950||371,993|1,199,943|
|Current Assets||||344,776|149,956||494,732|
|Current
Liabilities||||16+30|(3,097)||19627|
|Fund Balance||||1,156,196|146,859|371,993|1,675,048|
|2020:||||Unrestrkted|Restrkted|Endowment||
|||||Fund
F.|Fund
f|Fund
f|Totalf|
|Investments||||757,760||338,681|1,096,441|
|Current Assets||||370,491|114,091||484,582|
|Current
Liabilities||||13,321)|||13,321)|
|Fund Balance||||1,114,930|114,091|338,681|1,567702|
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||||Ba4nce|Income|Expenditure|Tran slers|Gains|Balance|
|---|---|---|---|---|---|---|---|---|
||||1.1a1||||and|314221|
||||||||Losses||
||||E|E|E|E|E|E|
|Total Unrestricted
funds|||1,114,930|188~1|(202,355)|(15,000)|70,190|1,156,196|
|Restrkted funds|||||||||
|(a)|Church buildings|and churchyards|43,812|14,630|(3,380)|||55,062|
|(b)|Music in Kirkby|Lonsdale church|2,948||(1,370)|||1,578|
|(c)|Donations
received for charities|||1,580|(1,580)||||
|(d)|Family Project||52,377|20,348|(35,773)|15,000||51,952|
|(e)|Friends ofSt Mary' s||14,198|24,768|(1,455)|||37,511|
||Small funds E2,000or less||756|||||756|
|Total Restricted funds|||114,091|61,326|(43+58)|15,000||146,859|
|Permanent
Endowment||Fund|||||||
|(f)|Hutton Roof church||338,681||||33,312|371,993|
|Total Funds|||1+67,702|249,757|(245,913)||103,502|1,67S,048|
|Notes|on restricted funds||||||||
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