## The Parochial Church Council of the Ecclesiastical Parish of St Philip and St . Jacob, Bristol
## THE CHURCH of
St. Philip & St. Jacob with Emmanuel Tower Hill, Old Market, Bristol, BS2 0ET
Registered Charity Number 1132006
## ANNUAL REPORT and FINANCIAL STATEMENTS
of the
PAROCHIAL CHURCH COUNCIL for the year ended 31[st] December 2021
Vicar Revd. Tim Silk
## Bank
CAF Bank Ltd, 25 Kings Hill Avenue West Malling Kent ME19 4JQ
## Independent Examiner
Neil Kingston FCA Burton Sweet Limited 5 Farleigh Court, Old Weston Rd, Flax Bourton, Bristol, BS48 1UR
The Parochial Church CouncilarethetrusteesregisteredwiththeCharityCommission. Thereareanumberof associated small trusts which are also registered. The trustees for these are the Vicar and Church Wardens. Any omissions or errors are entirely accidental. The purpose of this report is to reflect something ofhowwe have used the site, building and furnishings to the Glory of God. A fuller picture of St Philip and St Jacob Church’s life together is seen in our relationships, our gatherings and our publications on and off line.
## Trustees Annual Report The Parochial Church Council of the Ecclesiastical Parish of St Philip and St Jacob, Bristol
Year Ended 31[st] December 2021
## The Parochial Church Council during 2021
Chairman Revd. Tim Silk
Church Wardens Simon Thorne (elected April 2021) Richard Wait (elected April 2021)
Deanery Synod Karri Chandler (elected July 2021) Christopher Dias (elected March 2020)
- PCC Jacky Brown (elected April 2021), Christopher Dias (elected March 2019, retired December 2021), Rory Robinson (elected March 2019), Katie Mobbs (elected March2020),RayWatson (elected March 2020), Wilfrid Hoad (elected March 2020, retired August 2021), Rachel Woolcock (elected April 2021), Naomi Owereh (elected April 2021), Karri Chandler (elected April 2021), Matthew Harris (co-opted May 2021)
Treasurer Matthew Harris Secretary Rachel Woolcock
Objects and Main Activities
The main purpose of the work of the PCC is promoting in the parish the wholemissionofthechurch;tohelp the people of Bristol to follow Jesus. When planning our activities for the year, the Vicar and the PCC have considered the Commission’s guidance on public benefit for charities in the advancement of religion. Our work seeks to enable people to live out their faith as part of the church community through:
- Regular Public Worship.
- Sermons, Courses and Connect groups.
- The provision of children and youth clubs with a Christian ethos.
- Providing buildings, facilities and Open space for community events.
- Pastoral Work.
- Supporting other organisations and charities through making grants.
## Structure
The council meets regularly to discuss matters arisingintheparishincluding:finance,safeguarding,mission, and site development.
The standing committee was made up of the Vicar, Church Wardens, Lay Chair of the PCC, and Treasurer.
Throughout 2021 there were two employees of the PCC (both full time). These consist of
1. Church Manager: with a job description that includes communications, finance, site management, people and ecclesiasticaladministration,health&safety,safeguardingandrota management. (role began December 2019)
2. Associate Leader: with a job descriptionthatincludespartneringwiththeVicartooverseethe discipleship structures that enable people to knowwhotheyareinJesus,understandhowthat impacts all of life, and belong at Central as valued members of thechurchfamily.(rolebegan December 2019)
The staff team – consisting of the Vicar, Associate Leader and Church Manager – work together to pursue a vision endorsed by the PCC according to the job descriptions agreed by the PCC.
During the period from February to June the Vicar had a leave of sickness absence. During this time the Associate Leader coordinated our services and activities with the assistance of other local clergy.
## Recruitment of Trustees
The method of appointment of PCC members is set out in the Church Representation Rules (2020). The membership of the PCC consists of the Vicar, Church Wardens, and members elected by the electoral roll of the church. This year the PCC co-optedanadditionalmemberwhoservedasTreasurer. Inadditiontothis,the elected members of Deanery Synod members are ex-officio.
## Main Areas of Responsibility
The Council has primary responsibility to govern thefinancialaffairsofthechurchandtoensurecompliance with best practice regarding safeguarding. It is responsible for the care and regeneration of the site, building and its goods and ornaments. It is expected to cooperate with the Vicar in promoting the whole mission of Jesus’ church in the parish and toconsultjointlywiththeVicaronmatters ofgeneralconcernandimportance within the parish.
##
St Philip and St Jacob ChurchcontributesagreatdealtothecitycentrecommunityandtoGod’smissionmore widely. The review below outlines some of the activities undertaken by the PCC throughout 2021 in order to encounter Jesus, redeem life and love the city. The church is situated in the centre of a busyandthrivingcity
and serves a wide variety of people. The church building is an important local resource andisusedbyvarious groups outside of the church. We support other churches in the Bristol diocese and particular organisations worldwide in the pursuit of Christian mission. The trustees have complied with their legal duty under the Charities Act 2011 to have regard to the Public Benefit guidance published by the Charity Commission.
Impact of Covid-19 Pandemic
Following the Covid-19 pandemic which had adverse affect on our activities in 2020, this year was characterised by a gradual return to normal activities. Whilst we were able to continue holding our Sunday gatherings in person, throughout the year various measures were in place which limited social contact. Some of our normal activities from before the outbreak of Covid-19 have not returned (e.g. Central Talks) or have been taking place in an altered form for example, taking place via online video conferencing.
By the close of 2021, the majority of our staff and volunteer force were operating normally and most of our activities have returned to being in person. We continue to make use of online infrastructure such as live streaming to accommodate those who are self-isolating or are particularly vulnerableandnotreadytoreturn to in person events.
Financially, we have continued to see a lossofincomefromactivitiessuchasroomhireandcarparkingwhich has been adversely affected by the pandemic. This has been balanced with a decrease in expenditure due to reduced activities.
What are some of the areas that the PCC has focussed on this past year?
As in previous years, we have remained committed to expressing our vision and values through three key areas: Encountering Jesus, Redeeming Life and Loving Bristol.
## _Encountering Jesus_
Throughout the year we have continued to gather predominantly on Sunday mornings for a time of family worship, with groups available forprimaryschoolagedchildrenandteachingfortheadults.Sungworshipand prayer ministry were a key part of our gathered times together. SomeoftheseSundayshavebeenallagestyle gatherings which are aimed at being family friendly and informal. At various points of the year we have experimented with different forms of gathering, including meeting outdoors in our churchyard, hosting ‘Church on the move’ consisting of prayer walks in the city centre and cafe style gatherings. Our Sunday gatherings have continued to be broadcasted live via YouTubeandtalksaremadeavailable ontheplatformto be watched at a later date.
At various points in the year we have gatheredonThursdayeveningseitherforprayermeetings orEncounter Night, which offered the opportunity for extended times of prayer and worship. These meetings have been held online, in person or a mixture of both depending on the current risk levels of Covid-19.
During Lent, we paused our prayer meetings and Connect Groups and encouragedthemtoattendafiveweek course called The PrayerCourse2:UnansweredPrayer.Thiswasafollowonfromthecoursewehadpreviously run in 2020. This took place via Zoom and was well attended, with opportunities for us to watch some video content by 24/7 Prayer and to then break out into online rooms to discuss key questions and pray together. This course was particularly poignant at a time when many people were coming to terms with the impact of
the pandemic and other life struggles and helped us to explore the more difficult side of our prayer livesand faith journeys.
In April we participated in a city wide prayer movement called One Church One Day during which we,along with other churches in Bristol, took responsibility for a24hourperiodofprayer.Duringthedaywemadeour church building available for people to drop in, and encouraged members of our congregation to sign up for hour-long slots to pray . Some chose to pray alone, whilst others met up for prayer walks, or prayed together online or over the phone. After this day of prayer, members of our congregation decided to continue setting asidethethirdThursdayofeachmonthtoprayfor24hoursandthishascontinuedthroughouttheyear.Inthe evenings of these prayer days we gather either in person or online to worship and pray together and those involved use a group chat to share testimonies, encouragements and prayers throughout the day.
## _Redeeming Life_
Connect Groups continue to be one of the key areas for discipleship as peoplemeetinsmallergroups(usually fortnightly) to share and encourage one another and read scriptures. These meetings have continuedtomeet online where necessary but most have gradually moved back to meeting in person over the course of the year.
## _Loving Bristol_
Members of ourchurchcontinuetovolunteerandsupporttheworkoftheBristolSoupRunTrust,withateam of volunteers helping to distribute food to those suffering from homelessness and poverty in the local area. This activity continues to be a much needed provision throughout this year where many services in Bristol continue to be reduced after the pandemic.
During the year Tower Tots returned, which is a parent and toddler groupwhichwasopentothosewithfaith and without. This is an opportunity for relationships to be built between parents and children in a fun and informal context with toys, sensory play and songs. This is well attended and we are seeing valuable relationships being formedwithregularattendees.Themajorityofpeoplewhocomearenotchurch-goingand live in the local area.
In the run up to Christmas we invited our Tower Tots families and members ofourownchurchwithfamilies to a Christmas PuddingParty,duringwhichwemadeChristmaspuddingstogetherandenjoyedrefreshments. This was another opportunity to build relationships between families in our congregation and those in our community with no or other faith backgrounds.
## _Release Project - Site Development_
Our release project is an ambitious plan that aims to see our Grade II* listed building fully restored and maintained to reach its full potential in our fast-moving and ever-developing city. New commercial and residential developments to the south, east and west ofthesitehavebeencontinuingintheirvariousstagesof planning and construction which has truly brought to light the significance of our location as an historic church in Bristol at this time. The contrast of the cutting-edge concrete and steel structures againstourcirca 800 year old building tells us of its significance. Everything around the site may (and largely has) changed however, through the generations the church (both building and worshipping community) continue to have relevance and purpose. We now live in a largely post-Christian culture where more and more people, not so much don’tbelieveinGod,butdon’tseetherelevanceoffaithinGodintheirlivestoday.Thechallengeforour
church now is to align our resources (including the site) to help people understand the significance and relevance of knowing and being known by God and the freedom this brings.
This year has been characterised by the aftermath of a major incident in April 2020 which caused damageto our Grade II* listedbuilding.Inthespringof2020thievesstolealargeproportionofleadfromournavebarrel roof which initially went undetected and led to significant water damage to the interior of our nave. This included widespread damage to the ceiling panels in the nave barrel,thefairlynewlylaidfloor,thepulpitand font (both of which are of significant historical significance), and east facing arch as well as contents such as electrical equipment and chairs. Thankfully, our insurance claim was accepted and with the support of an architect acting in a Project Manager role we have been able to see progress in the works needed to replace contents and carry out repairs.
During 2021, the project to repair and restore the nave has gone through various planning, tender and permission stages. By the end of the year, wehadbeengrantedafacultyfromtheChancelloroftheconsistory court of the Diocese of Bristol to recover the navel roof interne-coatedstainlesssteel,replacetheceilingwith insulation and restore the floor. The PCC are also taking the opportunity to carry out investigations and repairs to the West window afterourquinquennialinspectionraisedconcernsoverit’slongevity.Theseworks are contracted to begin in January 2022 and Carrek has been appointed as the main contractor after a tendering process. Whilst this repair project has been one of the main focuses of our staff team during this year, due to the fact that it is insurance funded and we have the involvement of an external ProjectManager the organisation has been relatively sheltered from the impact of such an incident.
During this year the licence with Bouygues UK (BUK), the developer in charge of the Castle Park View development to the north-east of our site, has continued. This arrangement which was entered into in July 2019 included a portion of our land being licenced for the use of site offices and the installation of new automated gates to allow lorries to have access to and from the site. The PCC decided in 2019 that the rental incomefromthelicencewouldbedesignatedintotheBuildingfundandshouldbeusedforfurtherrepairsand maintenance and this has continued during 2021.
During 2021, we began the process of applying for a further faculty to enter into asimilar arrangementwith Galliford Try who plan to licence a different portion of the churchyard for their cabin set up as the main developer on the Assembly Bristol site. By the close of 2021theinitialpapershadbeensubmittedwithhopes that faculty permission would be granted in the new year.
## Financial Review
The continued financial impact of the coronavirus pandemic was monitored throughout the year, both in terms of how income was affected and what extra expenditure would continue to be required to facilitate online streaming of church services and prayer meetings.
The church’s stable base of regular committed giving continued throughout 2021, however income to unrestricted funds from regular giving reduced by 18% (£28,617) as comparedwith2020.Thiswaslikelydue to the continued pandemic situation and the associated financial pressure placed on donors themselves. As this is the church’s dominant source of income, thePCCtobudgetaccuratelythroughouttheyear,despitethe unprecedented disruption caused by COVID-19.
Other areas of income were hit as a direct result of the continued pandemic. Fewer office workers in the city centre meant the car park income reduced by £1,017 to £14,743, and our continued inability to hire outthe building for external events meant this source of income reduced by £1,255 to £339. The contract with Bouygues for use of the churchyard brought in £32,000. Overall, the church’s unrestricted income was £41,058 (19%) lower than in 2020.
There continued to be fewer church-based activities during the year, therefore the direct ministry costswere reduced by £1,298 to £4,647. Costs due to the pandemic continued, including IT licences and electrical equipment, to make online streaming possible. Tower Tots resumed in 2021 and £1,587 was spent onTower Tots supplies, which was higher than the PCC had budgeted for during 2020, however this was somewhat offset by the increased income from this activity.
The lead theft and consequent damage to the roof, nave and internal fixtures continued to pose a financial consideration for the PCC. However, the scope of the work was confirmed in 2021 and diocesan faculty approval was obtained. The vast majority of the cost continued to be paid by the insurers.
The churchgeneratedanin-year surplusof£16,282inunrestrictedfunds.Thissurpluswasduetothedecision to not hire an additional employee that was originally planned for 2020.
The PCC proposes to maintain the charity’s reserves at a level which is at least equivalent to one month’s operational expenditure plus two further months of staffing expenditure. In addition, a regular sum will be designated each month towards the Asset Fund, which can then be used to finance the replacement of major items of equipment, as required. The target for general reserves based on current staffing levels is £20,000. Free reserves total at the yearendwas£33,342,whichisabovethetotalrequiredbythepolicy.TheAssetFund total at year end was £25,394.
## Electoral Roll Report
Following the review of the electoral rollin2021theElectoralRollofStPhilipandStJacobwithEmmanuelat theendof2021standsat68.Thenumbersinpreviousyearswerereportedtobe;158in2015;155in2016;140 in 2017, 139 in 2018, 82 in 2019; 77 in 2020. The electoral roll is not an accurate portrayal of church membership and attendance in our context as many people choose not to join the electoral roll.
## Statement of Trustees’ Responsibilities
The Parochial Church Council of the Ecclesiastical Parish of St Philip and St Jacob, Bristol
## Year Ended 31 December 2021
The trustees are responsible for preparing the Trustees’ Report and the financial statements in accordance with applicable law and United Kingdom Accounting Standards includingFinancialReportingStandard 102: The Financial Reporting Standard applicable in the UK and Republic of Ireland (United Kingdom Generally Accepted Accounting Practice).
The law applicable to charities in England & Wales requires the trustees to prepare financial statements for each financial year which give a true and fair view of the state of affairs of the charity andoftheincomeand expenditure of the charity for that period. In preparing these financial statements, the trustees are required to:
- select suitable accounting policies and then apply them consistently;
- observe the methods and principles in the Charities SORP;
- make judgments and accounting estimates that are reasonable and prudent;
- state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; and
- prepare the financial statements on the going concern basisunlessitisinappropriatetopresumethat the charity will continue in business.
The trustees are responsible for keeping sufficient accounting records that 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, the Charity (Accounts andReports)Regulations2008andtheprovisions of the trust deed/constitution. They are also responsible for safeguarding the assets of the charityandhence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Approved by the Parochial Church Council on 14th March 2022, and signed on their behalf by:
Matthew Harris, Treasurer
…………………………..
Name & position
## Independent examiner’s report to the Trustees of PCC of the Ecclesiastical Parish of St Philip & St Jacob
I report to the trustees on my examination of the accounts of PCC oftheEcclesiasticalParishofStPhilip&St Jacob (the Charity) for the year ended 31 December 2021.
Responsibilities and basis of report
As the charity trustees of the Charity 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 carriedoutundersection145ofthe2011Act 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
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 accountssetoutintheCharities(AccountsandReports)Regulations2008otherthananyrequirement that the accounts give a ‘true and fair view whichisnotamatterconsideredaspartofanindependent examination.
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 order to enable a proper understanding of the accounts to be reached.
**Joshua Kingston BSc ACA** Burton Sweet Limited The Clock Tower 5 Farleigh Court Old Weston Road Flax Bourton Bristol BS48 1UR
Date: …………………………
## **PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **STATEMENT OF FINANCIAL ACTIVITIES For the year ending 31 December 2021**
|**Note**
**INCOME AND ENDOWMENTS**
**FROM:**
Donations and legacies
2a
Other trading activities
2b
Investments
2c
Charitable activities
2d
**TOTAL INCOME**
**EXPENDITURE ON:**
Charitable activities
Grants
3a
Direct activities
3b
**TOTAL EXPENDITURE**
Gains/(losses) on investments
NET INCOME/(EXPENDITURE)
Transfers between funds
**NET MOVEMENT IN FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED**
**FORWARD**
5|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds**
**(2021)**
_Total funds_
_(2020)_
**£**
**£**
**£**
_£_
128,481
185
**128,666**
_161,572_
47,082
-
**47,082**
_51,954_
-
334
**334**
_358_
3,276
1,600
**4,876**
_12,415_|
|---|---|
||178,839
2,119
**180,958**
_226,299_|
||17,250
360
**17,610**
_24,950_
145,307
2,356
**147,663**
_188,771_|
||162,557
2,716
**165,273**
_213,721_|
||-
1,632
**1,632**
_743_|
||16,282
1,035
**17,317**
_13,321_|
||-
-
**-**
_-_|
||16,282
1,035
**17,317**
_13,321_|
||55,385
23,818
**79,203**
_65,882_|
||**71,667**
**24,853**
**96,520**
_79,203_|
See Note 10 for fund-accounting comparative figures
## **PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **BALANCE SHEET AT 31 DECEMBER 2021**
|**Note**
**FIXED ASSETS**
Tangible assets
6a
Investments
6b
**CURRENT ASSETS**
Debtors - Gift Aid reclaimable
7
CBF deposits
Cash at bank and in hand
**LIABILITIES**
Amounts falling due within one
year
8
Net current assets/(liabilities)
**NET ASSETS**
**FUNDS**
Unrestricted funds
9
Restricted funds
9
**TOTAL FUNDS**|**2021**
**£**
**£**
3,982
13,044
**17,026**
1,620
9,201
88,075
**98,896**
**(19,402)**
**79,494**
**96,520**
**71,667**
**24,853**
**96,520**|_2020_
_£_
_£_
_5,310_
_11,411_
_16,721_
_2,007_
_9,196_
_84,351_
_95,554_
_(33,072)_
_62,482_
_79,203_
_55,385_
_23,818_
_79,203_|_2020_
_£_
_£_
_5,310_
_11,411_
_16,721_
_2,007_
_9,196_
_84,351_
_95,554_
_(33,072)_
_62,482_
_79,203_
_55,385_
_23,818_
_79,203_|
|---|---|---|---|
||||_16,721_|
||||
_95,554_
_(33,072)_|
||9,201|||
||88,075|||
|||||
||||_62,482_|
|||||
||||_79,203_|
||||_55,385_
_23,818_|
||||_79,203_|
## **Signed by one or two trustees on behalf of all the trustees:**
Matthew Harris Name ________________________________________________________________ 14/03/2022 Signed __________________________ Date ________________________________ Timothy James Silk Name ________________________________________________________________ 05/04/2022 Signed __________________________ Date ________________________________
## **PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **NOTES TO THE ACCOUNTS For the year ending 31 December 2021**
## **1 ACCOUNTING POLICIES**
The financial statements have been prepared in accordance with the historical cost convention (except for investments which have been included at fair value and in accordance with 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 in October 2019 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011 and UK Generally Accepted Practice as it applies from 1 January 2019.
The accounts (financial statement s) have been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair view’. This departure has involved following 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 and Republic of Ireland (FRS 102) issued in October 2019 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn.
The Charity meets the definition of a public benefit entity under FRS 102.
The Trustees consider that there are no material uncertaintie s about the charity’s ability to continue as a going concern as there are no significant or longer term liabilities; and the entity has significant net assets and reserves. The trustees have given consideration to the impact of the COVID-19 pandemic over the next 12 months on both income and expenditure in reaching this conclusion, as explained in the financial review section of the Trustees Annual Report.
## **Funds**
General 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.
Restricted funds can only be used for particular restricted purposes within the objects of the charity. Restrictions arise when specified by the donor or when funds are raised for particular restricted purposes. The accounts include all transactions, assets and liabilities for which the PCC is responsible in 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.
## **Income**
_Donations and legacies_
Collections are recognised when received by or on behalf of the PCC. Planned giving receivable under covenant is recognised only when received. Income tax recoverable on gift aid donations is claimed when the income is recognised.
Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement and the amount due.
## _Other trading income_
Rental income from the letting of church premises is recognised when the rental is due. _Income from investments_
Interest is accounted for when receivable. Tax recoverable on such income is recognised in the same accounting year.
## _Gains and losses on investments_
Realised gains or losses are recognised when investments are sold. Unrealised gains or losses are accounted for on the valuation of investments at 31 December.
## **PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **Expenditure**
_Grants_
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding obligation on the PCC.
## _Direct activities_
The diocesan parish share is accounted for when paid. Any parish share unpaid at 31 December is not a legal liability and is not provided for in these accounts and is not shown as a liability in the Balance Sheet.
## **NOTES TO THE ACCOUNTS For the year ending 31 December 2021**
## **Fixed Assets**
## _Consecrated land and buildings and movable church furnishings_
Consecrated and beneficial property is excluded from the accounts by s10(2)(c) of the Charities Act 2011. No value is placed on movable church furnishings 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 expenditure incurred during the year on consecrated or benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.
## _Other fixtures, fittings and office equipment_
Equipment used within the church premises is written off on acquisition if it has purchase cost of £1,500 or less. Otherwise equipment is depreciated using a reducing balance of 25% per annum.
## _Investments_
Investments are stated at market value at 31 December.
## _Current assets_
Amounts owing to the PCC at 31 December in respect of fees, rents, loans or other income are shown as debtors less provisions for amounts that may prove non-collectible.
Short-term deposits include cash held on deposit either with the CBF Church of England Funds or at the bank.
## **PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **NOTES TO THE ACCOUNTS For the year ending 31 December 2021**
## **2 INCOME FROM (current year):**
|_2a Donations and legacies_
Regular giving
Tax recoverable
Legacies
Collections
_2b Other trading activities_
Car parking
Lease of space in churchyard
Use of church premises
_2c Investments_
Dividends and interest
_2d Charitable activities_
Grants
Church events
**INCOME FROM (previous year):**
_2a Donations and legacies_
Regular giving
Tax recoverable
Legacies
Collections
_2b Other trading activities_
Car parking
Lease of space in churchyard
Use of church premises
_2c Investments_
Dividends and interest
_2d Charitable activities_
Grants
Church events|**Unrestricted funds Restricted funds Total funds (2021)**
**£**
**£**
**£**
110,936
185
**111,121**
17,545
-
**17,545**
-
-
**-**
-
-
**-**|
|---|---|
||128,481
185
**128,666**|
||14,743
-
**14,743**
32,000
-
**32,000**
339
-
**339**|
||47,082
-
**47,082**|
||-
334
**334**|
||-
334
**334**|
||1,353
1,600
**2,953**
1,923
-
**1,923**|
||3,276
1,600
**4,876**|
||
**£**
**£**
**£**
**Unrestricted funds Restricted funds Total funds (2020)**
131,225
4,111
**135,336**
25,754
363
**26,117**
-
-
**-**
119
-
**119**|
||157,098
4,474
**161,572**|
||15,760
-
**15,760**
34,600
-
**34,600**
1,594
-
**1,594**|
||51,954
-
**51,954**|
||-
358
**358**|
||-
358
**358**|
||9,298
1,570
**10,868**
1,547
-
**1,547**|
||10,845
1,570
**12,415**|
**PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **NOTES TO THE ACCOUNTS For the year ending 31 December 2021**
## **3 EXPENDITURE ON (current year):**
|_3a Grants_
_Grants to mission personnel_
Jonathan & Annabelle Last
Ambassadors Football (M Bateman)
Bates, J&J
Beloved
Revill, C
_Grants to other institutions_
Bristol and District Evangelical Alliance
Heart for Madagascar
Transform Europe Now
Non-material Grants (<£250 per institution)
_3b Direct activities_
Diocesan parish share
Staff wages
Staff expenses
Clergy expenses
Employer pension costs
Ministry costs
Stationery and office costs
Building running costs
Building upkeep and professional fees
Depreciation & losses on disposal
Independent examiner remuneration
Under-accrual for prior year|**Unrestricted funds Restricted funds Total funds (2021)**
**£**
**£**
**£**
5,000
-
**5,000**
5,000
-
**5,000**
2,000
-
**2,000**
4,000
-
**4,000**
1,000
-
**1,000**
180
-
**180**
-
-
**-**
-
360
**360**
70
-
**70**|
|---|---|
||17,250
360
**17,610**|
||50,000
-
**50,000**
57,539
-
**57,539**
4
-
**4**
1,776
-
**1,776**
1,838
-
**1,838**
4,647
-
**4,647**
6,761
-
**6,761**
16,193
-
**16,193**
4,204
2,356
**6,560**
1,328
-
**1,328**
945
-
**945**
72
-
**72**|
||145,307
2,356
**147,663**|
## **PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **NOTES TO THE ACCOUNTS For the year ending 31 December 2021**
## **EXPENDITURE ON (previous year):**
|_3a Grants_
_Grants to mission personnel_
Ambassadors Football (M Bateman)
Bates, J&J
Beloved
Revill, C
_Grants to other institutions_
Bristol and District Evangelical Alliance
Heart for Madagascar
Transform Europe Now
Non-material Grants (<£250 per institution)
_3b Direct activities_
Diocesan parish share
Staff wages
Staff expenses
Clergy expenses
Employer pension costs
Ministry costs
Stationery and office costs
Building running costs
Building upkeep and professional fees
Depreciation & losses on disposal
Independent examiner remuneration|**Unrestricted funds Restricted funds Total funds (2020)**
**£**
**£**
**£**
6,000
-
**6,000**
7,000
-
**7,000**
2,500
-
**2,500**
4,500
-
**4,500**
180
-
**180**
-
4,068
**4,068**
-
360
**360**
70
272
**342**|
|---|---|
||20,250
4,700
**24,950**|
||60,000
-
**60,000**
60,160
-
**60,160**
155
-
**155**
1,584
-
**1,584**
1,828
-
**1,828**
5,945
-
**5,945**
6,934
-
**6,934**
27,022
-
**27,022**
4,970
17,539
**22,509**
1,770
-
**1,770**
864
-
**864**|
||171,232
17,539
**188,771**|
## **PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **NOTES TO THE ACCOUNTS For the year ending 31 December 2021**
## **4 STAFF COSTS**
|**4 STAFF COSTS**||
|---|---|
|Wages and salaries
Pension costs
Employer's National Insurance costs|**2021**
**_2020_**
**£**
**_£_**
**57,539**
_58,501_
**1,838**
_1,828_
**1,395**
_1,659_|
||**60,772**
_61,988_|
During the year, the PCC employed an associate leader (f/t) and church manager (f/t). The average staff headcount, paid and employed by the PCC during the year, was 2 (2020: 2). No member of staff was paid more than £60,000 per annum.
No expenses were paid to any of the trustees for their service as trustees (2020: nil). Tim Silk was paid clergy expenses as stated in note 3b. Tim Browne was employed as associate leader and Kathryn Thomas was employed as church manager; Kathryn Thomas served as trustee during the year, in accordance with Section 7A of the Parochial Church Councils (Powers) Measure 1956. Kathryn Thomas was paid total remuneration of £27,337.50 (2020: £27,013) and additionally the PCC made employer’s pension contribution of £843 (2020: £834).
The charity received donations totalling £32,320 (2020: £32,680) from 20 trustees and related parties (2020: 28).
The total aggregate employment benefit received by key management personnel was £60,722 (2020: £34,220).
## **PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **NOTES TO THE ACCOUNTS For the year ending 31 December 2021**
## **5 MOVEMENT IN FUNDS**
|**Restricted funds - current**
**year**
Building and Restoration
Fund
Memorial Window Fund
Rob Allan - capital
Rob Allan - interest
Charity Account (see note
6b)
Investment Fund (see note
6b)
Mission Giving
Total restricted funds
**Restricted funds -**
**previous year**
Building and Restoration
Fund
Memorial Window Fund
Rob Allan - capital
Rob Allan - interest
Charity Account (see note
6b)
Investment Fund (see note
6b)
Mission Giving
Total restricted funds|**Balance at**
**1.1.21**
**Income & Other**
**Gains**
**Expense Transfers**
**Balance at**
**31.12.21**
**£**
**£**
**£**
**£**
**£**
_3,173_
1,795
(2,356)
-
**2,612**
_2,874_
-
-
-
**2,874**
_1,030_
-
-
-
**1,030**
_398_
-
-
-
**398**
_2,641_
198
-
-
**2,839**
_11,411_
1,633
-
-
**13,044**
_2,291_
125
(360)
-
**2,056**|
|---|---|
||_23,818_
3,751
(2,716)
-
**24,853**|
||**Balance at**
**1.1.20**
**Income & Other**
**Gains**
**Expense Transfers**
**Balance at**
**31.12.20**
**£**
**£**
**£**
**£**
**£**
_18,924_
1,788 (17,539)
-
**3,173**
_2,874_
-
-
-
**2,874**
_1,030_
-
-
-
**1,030**
_394_
4
-
-
**398**
_2,491_
196
(46)
-
**2,641**
_10,668_
743
-
-
**11,411**
_2,531_
4,414
(4,654)
-
**2,291**|
||_38,912_
7,145 (22,239)
-
**23,818**|
The Building and Restoration Fund is made up of restricted donations to be used towards the repair and maintenance of the fabric of the building. The Memorial Window Fund was created in 2016 in order to raise approximately £6,000 for a stained glass window in honour of Canon Malcolm Widdecombe. The Rob Allan Fund was established with a bequest. A small donation from another source was added in 1994. By PCC decision the capital is invested (at the Central Board of Finance) and the Vicar and Churchwardens have been delegated the authority at their discretion to spend the interest as book grants to evangelical students.
For information about the Charity Account and Investment Funds, see note 6b.
The Mission Giving fund comprises restricted donations given in support of the church's mission partners.
## **PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **NOTES TO THE ACCOUNTS For the year ending 31 December 2021**
## **5 MOVEMENT IN FUNDS (continued)**
|**Unrestricted funds - current**
**year**
Designated funds - major
building work
Designated funds - asset
replacement
General funds
Total unrestricted funds
**Unrestricted funds -**
**previous year**
Designated funds - major
building work
Designated funds - asset
replacement
General funds
Total unrestricted funds|**Balance at**
**1.1.21**
**Income & Other**
**Gains**
**Expense Transfers**
**Balance at**
**31.12.21**
**£**
**£**
**£**
**£**
**£**
_8,949_
-
-
-
**8,949**
_20,952_
-
-
4,442
**25,394**
_25,484_
178,839 (162,557)
(4,442)
**37,324**|
|---|---|
||_55,385_
178,839 (162,557)
-
**71,667**|
||**Balance at**
**1.1.20**
**Income & Other**
**Gains**
**Expense Transfers**
**Balance at**
**31.12.20**
**£**
**£**
**£**
**£**
**£**
_235_
-
(4,440)
13,154
**8,949**
_17,287_
-
(530)
4,195
**20,952**
_9,448_
219,897 (186,512)
(17,349)
**25,484**|
||_26,970_
219,897 (191,482)
-
**55,385**|
There are two designated funds that the PCC has established. Resources have been set aside for major work to the fabric of the building. In addition, there is a sum of money designated towards the replacement of equipment that has a limited lifespan, such as computers, audio-visual equipment and the gas boiler.
**PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **NOTES TO THE ACCOUNTS For the year ending 31 December 2021**
## **6 FIXED ASSETS**
|**6 FIXED ASSETS**||
|---|---|
|_6a Tangible assets_
**Cost and valuations**
1st January 2021
Additions
Disposals
31st December 2021
**Depreciation**
1st January 2021
Disposals
Charge for year
31st December 2021
**Net book values**
**At 31st December 2021**
At 31st December 2020|**Furniture,**
**fittings and**
**equipment**
**Total**
**£**
**£**
_28,574_
_28,574_
-
-
**-**
-|
||**28,574**
**28,574**|
||_(23,264) (23,264)_
**-**
-
(1,328) (1,328)|
||**(24,592) (24,592)**|
|||
||**3,982**
**3,982**|
||_5,310_
_5,310_|
6b Investments
Many small stock holdings were consolidated into an investment that represented the principal aims of the bequests - relief of the poor. The Trustees of these funds are the Vicar and Churchwardens in office. There are two other investments held by the Bristol Diocesan Board of Finance Limited as Custodian Trustee. One is for the relief of the poor, the other for maintenance of the church building. All three are invested at the Central Board of Finance. The dividends for the maintenance of the building are credited to the Building and Restoration Fund. Those for the relief of the poor are credited to the Charity Account, which is managed by the Church Treasury on behalf of the Trustees.
|Trust 65 (Poor of the parish); DBF custodian trustee
121 CBF investment shares
Trust 238 (Chancel repairs); DBF custodian trustee
223 CBF investment shares
Mary Cannington charity (Relief of the poor)
213 CBF investment shares|**Market value**
**2021**
**2020**
**£**
**£**
**2,834**_2,479_
**5,222**_4,568_
**4,988**_4,364_|
|---|---|
||**13,044**_11,411_|
**PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **NOTES TO THE ACCOUNTS For the year ending 31 December 2021**
## **7 DEBTORS and PREPAYMENTS**
|Income tax recoverable|**2021****_2020_**
**£**
**_£_**
**1,620**_2,007_|
|---|---|
||**1,620**_2,007_|
## **8 LIABILITIES - AMOUNTS FALLING DUE WITHIN ONE YEAR**
|Tax and NI
Mission grants
Trade creditors
Other creditors
Accruals|**2021**
**_2020_**
**£**
**_£_**
**1,457**_1,271_
**17,000**_21,918_
**-**
_8,863_
**-**
_192_
**945**
_828_|
|---|---|
||**19,402**_33,072_|
## **9 ANALYSIS OF NET ASSETS BY FUND**
|**Current year**
Fixed assets
Current assets
Current liabilities|**Unrestricted**
**(General)**
**Unrestricted**
**(Designated)**
**Restricted**
**Total (2021)**
**£**
**£**
**£**
**£**
3,982
-
13,044
**17,026**
52,744
34,343
11,809
**98,896**
(19,402)
-
-
**(19,402)**|
|---|---|
||37,324
34,343
24,853
**96,520**|
|**Previous year**
Fixed assets
Current assets
Current liabilities|**Unrestricted**
**(General)**
**Unrestricted**
**(Designated)**
**Restricted**
**Total (2020)**
**£**
**£**
**£**
**£**
5,310
-
11,411
**16,721**
53,246
29,901
12,407
**95,554**
(33,072)
-
-
**(33,072)**|
|---|---|
||25,484
29,901
23,818
**79,203**|
## **PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **NOTES TO THE ACCOUNTS**
## **For the year ending 31 December 2021**
## **10 SOFA FUND ANALYSIS COMPARATIVE FIGURES**
|**INCOME AND ENDOWMENTS FROM:**
Donations and legacies
Other trading activities
Investments
Charitable activities
**TOTAL INCOME**
**EXPENDITURE ON:**
Charitable activities
Grants
Direct activities
**TOTAL EXPENDITURE**
Gains/(losses) on investments
NET INCOME/(EXPENDITURE)
Transfers between funds
**NET MOVEMENT IN FUNDS**
Total funds brought forward
**TOTAL FUNDS CARRIED FORWARD**|**Unrestricted**
**funds**
**Restricted**
**funds**
**Total funds**
**(2020)**
**£**
**£**
**£**
157,098
4,474
**161,572**
51,954
-
**51,954**
-
358
**358**
10,845
1,570
**12,415**|
|---|---|
||219,897
6,402
**226,299**|
||
20,250
4,700
**24,950**
171,232
17,539
**188,771**|
||191,482
22,239
**213,721**|
||-
743
**743**|
||28,415
(15,094)
**13,321**|
||-
-
**-**|
||28,415
(15,094)
**13,321**|
||26,970
38,912
**65,882**|
||**55,385**
**23,818**
**79,203**|
## **PAROCHIAL CHURCH COUNCIL OF ST PHILIP & ST JACOB, BRISTOL Charity Commission Registration Number 1132006**
## **NOTES TO THE ACCOUNTS**
## **For the year ending 31 December 2021**
## **11 RELATED PARTIES**
There are no related party transactions in the year other than those already disclosed elsewhere in these financial statements.