St. Margaret's Church, Horsforth Regisiered Charity Number 1132085 Accounts for the Year Ended 31st December 2021
SL Margarefs Church, Horsforth Reg¢lered Chwty N4Jrt¢r 1132085 Finanelal Ststements for the Year Ended 31st December 2021 STATEMENT OF FINANCIAL ACTIVITIES 2020 Unr•strict•d Restricted Endov FuTr(ts Funds IrK(xning R•sourcas 158,43Q Vcluntsy 11,753 11,648 3,1 In%sErrert inccrfre 185,478 Total Inc(Ynlng ReSoUeS ,575 57,185 25.524 1.672 172.957 7,724 57,439 25,524 1,6n 180,935 7.978 Resouttes Expondod 132,896 Clwth 50,022 Cl¥Jrch ¢)J 4.255 P•ish Centre costs 305 Ccth of genefttsro Iwxts 787,4n Total R050urc8s EXnd•d 15B257 39241 2.891 56.439 161.148 95.680 203.323 59.330 261653 f2,0591 mtY4tnxrt in furth .¥) {51,3521 181,718) 46&314 Baarw fvjm JrnJMI 1 JWNOY 464,255 Brtts carrd fi)r*¥d 31 Decfjrtxr 394.257 363.891 69,662 18.310 ,255 382,536 P•ge 1
SL Margaret's Church. Horsforth Re9iStefed Charty Number 1132085 Flnancial Slatements for the Year Ended 31st December 2021 BALANCE SHEET AT 31 DECEMBER 2021 Trtal 203) Fundj £ 20 TANCI8LE FIXED ASSETS 83,277 Chwrh 21 0 CURRENT ASSETS Cash a Bank and In Hd 81, C8F wor81 %ctsJnl 12&921 y¢)1[ W lent ¥JXW 1,545 Lo¥1 as guar•ilY 81.564 Unitad TrLK%I 519 Fkmv FurbJ J20 Cath & htr•1 37tl.481 81.9)4 81, 49.570 9.1 2.2 81.564 81,564 534 2.3 284,4B7 294.525 5,017 Gift kn1 repi>Yrttdsth fr(th trWRC . Pmh C beth'r9 leas VAT r• kn"tLts) 3.899 9,228 1,635 14,762 9.228 1635 5.$34 5.017 9,228 Current Liabilities . L¢eOs Fmaru l•MI twts re t95 FtyAw Fund rwts tr J)22 l(KJ 2.4 521 621 521 T(al LHbilil 651 .977 NET clNT ASSErs 289.991 18,310 335 464.255 TOTAL T ASSETS 363,891 18,310 335 382.536 ty th• Par¢¢Nal Chw¢h On YAh 2022 •rnl ils b•11 ty: Rw. da
Margaret's Church, Horsforth Hcoslcrté cThJrn¥ IlJX45 Financial Statements for the Year Ended 31st December 2021 INCOMING RESOURCES 2021 2020 Fur Fun Tolal 2021 von hKon Sl.C67 Qft gvry 6.6 ¢Xr rknl wY4J 4.870 Cpeft pl cdeckns 2931 1931 31 24226 7.724 13.914 156. 8.635 18.575 7.n4 Church 1791 Fees fc¢ 5.457 S.457 32 51. S1,n9 195 It.753 57.185 AcllvEtt•s for GThrattng Furnls 9,169 k¢5 Cefitre 1.948 Ets *J 531 xtr&•l 19.177 6.347 19.177 6,347 25,524 25.524 estrityrt In¢on 3.$87 trth8$1 & 1587 1.672 1.672 1.6n 185.418 T11 In¢oniry R¢Sc 171 7.9n IW.934
St. Margaret's Church, Horsforth Financlal Slatements for the Yèar Ended 31st December 2021 RESOURCES EXPENDED 2021 2020 Fun TOTAL 2021 £98.974.C(I 3h sth¥e of 1.316 9Q974 7.317 S)yres & pknal Muso (ur S ¢ygwt 21 1185 5.5Yd .619 Phobwwny & 1.179 Graits i rnt 107 19 2,652 43 41421 239 1891 239 161.146 ?32.8 158,256 Church RunrAng Colts 8.099 13Y) 10.144 10.141 Waw 191 5.278 542 191 5278 5,599 2.188 4.1ffi 9.164 en9 & related 1.635 Eojlp( & •nrrnv (*gan kniThJ 8 rews 9.137 p)wI &JiThyy payirwts Genera 46.4 10,CO) 1632 11632 9.337 9J37 ,022 39.241 9S.680 pSh Centr• Costs 4.1 1 Equw & 4,255 Costs of G•nerallrfj Funds 187.4TT Totsl Res¢urces Expded 203.627 262,955
SL Margaret's Church, Horsforth Registe Charty 1132085 Notes to the Annual Accounts 2021 I. ACCOUNTING PoLlEs Basis of Financial Slatemgnts The finanoal statements have been prepared urbder tt Charilies Act 2011 and in Xcofdance wilh Ihe Churth AcCnti] Regulations 2CX)6. in acccKdance wtth applicable accountirKJ standards and the 2016 version of fv Staiement of Recommended Practice, Accounting and Reportin9 by Chanties (SORP(FRS1021). financial statements have been wep¥ed ur#Jer the hot(xiul cost c(Thethn. The ststéffnts inGlude all transxkn'ons, assets arKI liablt1 the PCC resp([ble in law. They do not include the accnts of church groups that th'r affiliabon to an¢xh6r bJy. nor those that are informal gatherings ol Crch mernbers. Fund Accounting Unrestnded funds income fijnds which can be SF¢ on the general wrposes of tho PCC. Restiyct8d funds MprIse (a) inccyne er¥kn¥ vthith is to be expeThJed only on tr restnded wrposes interbjed by It dOrr and (b) revenue donatsc or grants for a Specific PCC gctiwty intended by the dorKK. Vlhere Ihese funds have unsperrt ba[an, interest on Iheir pool•d investment appOrtne to Ihe IndIvu fu1$ on an average balance basis Denaled fvnds are general funds set aside by PCC use in Ihe future for specific proje or pUrpos. They remain unreslri(aed arKI the PCC may move any surou$ lo other general lunds. Endowmcnt fvnds ¥e funds ofwhich captsl must te retned etiher Fernianently or at the PCC. disuetson. The In¢cme derwed from the end0¥ent to be used either as restnded or unrestncted income funds, dependirwJ on the purpose fof eThYowment was established In the first place. Incoming Résources Planned giving. collections and similar donatiohs are recofded V4then received Tax refunds are recognised when the In¢omiTh9 resource to wh•ch they reiale Is re¢eived. Grants legatses are accounted for when the PCC is ents to the w of the resourcu. th•r ulbmate receipt ' reasonably certain aTrJ the amounts ¥e readily quantffiaL40. "VK1entt5 are accounted for when ¢Jeclared rNable. wtsresl and when OWLd ty thè payer. Al in¢ing resources are accounted for gross. Resources Expendad Grants arwj donabOftS by Ihe PCC ¥e accounted for when paid ovw or then awarded. if that award creates a binding or ¢onstructsve oblrgation on the PCC. The dio¢esan pansh share expecled to be paid over is accounted for when d. AU other exFeThJiture is gerally recognised rt is Incurred and Is &cUnted for gross. P405
St. Margarevs Church, Horsforth R•gtstw•d Charty ntr 1132085 Notes to the Annual Accounts 2021 Fixed Assets Consecraled •ThJ benefKe rrfoperty o not in the accounts. in accothnce secbon5 1012)(a) and (c) of Ihe Chants kt 2011. Movable church fumtyhings Ihat are held by the virar and cIrGhWa[denS on speual twst the PCC and which require a faculty dist1 a inalienabbe kxowty. A is cuffenljy being comFmd of the church's Inventory. This is the seventh year thai the chw¢h equipYMrt has be deFYeciated. A (ate of 20% ot ttr reduong babanc has been a(knpJ. 2. NOTES ON THE BALANCE SHEET 2.1 Church etyikynent is valued after d•FYeciation. as shry•m fft Secion 8 bekw. 2.2 St. Margarel'$ loan•d a r6lumatAe dep¢)srt as guarnntor for a rented house. 2.3 Petty cash lloal £120. 2.4 Chanty collectKm owed.. CfJft Njd lnt•rnat £521. 3. INCOMING RESOURCES 3.1 DonatiotK% recewed Ind an anonymcxts frc¥n a panshioner 01 £7.OCKI and a &¥ant of £5.000 frcffi the Sir John Prn8ft Chty Trust iowards the repaw ol the churth 9¥Tr 3.2 Leeds City CouTril gave the Horsfuth CLNnmunty Assets Prqect grants lolalling £43.250 to enable it lo assrsl wrth yovidirKJ supwrt fc Ihose affected by the pandemic £10,OIXI was transferred to MHA to assist wrth rt's work wrth Hot5forth Live at Home arwj £6.(M)O to Kirkstall Valley Trust food th'strtjulion frcth St ArKlrew's chwch. The ba1ce has enabbed HCAP to ¢onbn to proVe fc parcls lo those in ed throughout the pandemic as well as provmjiry fo(MJ for cooknfwJ athtt5 cryani3ed thrclffjh the Children's Centre. The c]MunrtY Cafè started up again In Septnb8r once restrNSions wwt relaxed. Inc(xne from the Café ts after deductrng charge us• of Parish Cwitr•. 4.RESOURCES EXPENDED Grants and Oonallons - to uncertainty to the reStrIrt bxd0W caused by tN8 Covid 19 pandemic. rt was decwjed to defer out any grants or (kInath) until followng financial year. P4e6
St. Margaret's Church, Horsforth Rwstered Charty number 1132085 Notes to the Annual Accounts 2021 However, partrrship iih Horsforth Communty Cafe enabled the fol1 dc¥Htions: . Focwj Revival (fornrtY The Real JLmk Food Prqed) £soo Chiktren's Centre - Chnstmas outing £450 Horslorth Churches Tofftr- replacemwrt thennos flasks £150 Mummy's Sl3r- chanty wptKt In arKI arwnd w•gna £1(M) Total Money raised resthcted Fuposes thrcxjgh fwwal collectiorts. rdffles and special appeab is not I[uded In theye 0)urts. Staff Costs are induded in the aCCftts as pans of tr reknvant mw cost$. Vve employed eight part-time staff duriThJ the course of the year. Or9151. two church administralofs. Junior Church leaders. cfft church carelaker and a Pansh Centre cleaner, The lolal empk)yment costs fN Ihe year were £14.848. This is after a daim urthr t govemment furf¢xyh scheme of £860. Paym•fits to members of the parh1•1 Church C<>un¢il No members of Ihe PCC recewed any remuneraln in the year to 31 Denber 2021 4. RESTRICTED FUNDS Fund Titl• Lad Chapl Gates Fund Flowér Fund Panshioner rentsl fuNI 31 D•c 2021 £350 £430 £735 Total , £1,515 £582 £735 6. ENDOWMENT FUNDS 31 Dec 2020 Fund Titl• , The Bdls Fund, the HH Newton FuTrY. the H HutchinsM Memorial Fund ar¥J the H Cla on Memonal Fund 31 D•c 2021 £335 £335 P•g• 7
St. Margat'S Church, Horsforth Regist•red Chanty numtr 1132085 Notes to the Annual Accounts 2021 7. DESIGNATED FUNDS UnrEstrKted fiJnds set aside in 2016 by the Par0th1 Church Counol for specrfic Pufposes.. - Fund TfO• January 1 January 2016 Utilised in T31 December Buildinj Fund 2020 Outrea¢h and Mission Fund £200.OQKI the year £168652 2021 £920 £168652 LonTerrn Reserve £1¢XI,000 £ 87.948 £2,912 £ 87948 Totsl d•snated r•Th• funds £ 50.860 £307.460 £ 50,860 £400,000 £3,832 8. FIXED ASSETS Tangible Fixed Assets (Unrestricted) OeFwiatron of Chvrth equiFrfnent charged al 20% of the net bk value at the start of the year and a<klitions during the year. The ground source heatiry for Parish Centre will b• dwecialèd over 20 year3. Ground Source H••ting Cost At 1 January 2021 Additions aunng Ihe 31 December 2021 Chur¢h Equlwne Total 49.243 147.731 196974 49.243 147,731 Oepr•cl•tion At 1 January 2021 Char9e for the ye¥ Total to 31 D¢cembw 2020 Net 8ook Valu• At 310eceml)er 2021 At 31 December 2020 196.974 2.457 113.129 6.920 120.049 113,697 9,377 123 074 46,218 27.682 73.900 48.675 34,602 83,277 9. RESERVES The policy of the Parochial Chwth is to attemot to marntain a reserve of unrestricted fuThJs équivalent to six mcrfttts. rMI31 exrArtur?, n (Ydef lo $rIKh out fluctualnS in cash flthv and to meet emergencies. At the eTh of 2021, the urtstrithd ftryls availab provKled a reSee well in excess the target, Page 8