| Contents | |||
|---|---|---|---|
| AnnualReport | 3 —12 | ||
| Introduction from the |
Vicar | 3 | |
| Aim and purpose | 4 | ||
| Vision, priorities and goals |
4 | ||
| Our church community | 4 | ||
| Activities (including fundraising) |
5 | ||
| Plans for future periods | 7 | ||
| Financial review |
7 | ||
| Going concern | 8 | ||
| Reserves policy | 8 | ||
| Risk management | 8 | ||
| Structure. governance | and management | 8 | |
| Administrative information |
11 | ||
| Independent Examiner's |
Report | ||
| Statement of Financial | Activities | 14 | |
| Balance Sheet | 15 | ||
| Notes to the Financial | Statements | 16 —23 |
| for the | year e | nded 31 Dece | mber 2021 | ||||||
|---|---|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | 2021 | 2020 | ||||||
| Funds | Funds | Total | Total | ||||||
| INCOIIIIE | Note | 8 | 6 | ||||||
| Voluntary income |
|||||||||
| Planned giving |
25,984 | 25,984 | 28,803 | ||||||
| Other donations | 8,498 | 250 | 8,748 | 10,169 | |||||
| Collections for other | charities | 2,407 | 2,407 | 2,098 | |||||
| Tax received/claimed | 8,500 | 432 | 8,932 | 11,005 | |||||
| Grants | 8,768 | 8,768 | 36,214 | ||||||
| Legacies | 2,000 | ||||||||
| 42,982 | 11,857 | 54,839 | 90,289 | ||||||
| Chumh activities |
|||||||||
| Fees- weddings &funerals |
9,138 | 9,138 | 9,474 | ||||||
| Property lettings |
20,250 | 20,250 | 16,506 | ||||||
| Advertising income |
4,539 | ||||||||
| Fundraising &sponsorship |
347 | 347 | 108 | ||||||
| Other | 70 | 70 | 121 | ||||||
| 29,458 | 29,805 | 30,748 | |||||||
| Investment income |
27,190 | 27,190 | 28,355 | ||||||
| Total income | 99630 | 12,204 | 111,034 | 140302 | |||||
| EXPENDITURE | |||||||||
| Church activities | |||||||||
| Mission &charitable |
giving | 10 | 4,044 | 2,817 | 6,861 | 6,793 | |||
| Ministry | 11 | 77,109 | 77,109 | 71,900 | |||||
| Regular church services | 12 | 8,033 | 8,033 | 5,841 | |||||
| Fees paid —weddings | &funerals | 13 | 6,293 | 6,293 | 5,710 | ||||
| Properties | 14 | 31,434 | 10,897 | 42,331 | 60,530 | ||||
| Magazine | 2,301 | ||||||||
| Administration | 15 | 4,897 | 4,897 | 12,589 | |||||
| Other | 16 | 518 | 518 | 1,290 | |||||
| 132,328 | 13,714 | 146,042 | 166,954 | ||||||
| Governance | |||||||||
| Independent examination |
fee | 1,710 | 1,710 | 1,620 | |||||
| Total expenditure | 134,038 | 13,714 | 147,752 | 108074, | |||||
| Net incoming/(outgoing) | resources | before | (34,408) | (1,510) | (35,918) | (19,182) | |||
| other recognised gains and |
losses | ||||||||
| Divestment proceeds |
50,000 | 50,000 | 30,000 | ||||||
| Net gain/(loss) on revaluation |
ofinvestments | 18 | 46,472 | 46,472 | 26,517 | ||||
| Net movement in funds |
62,064 | (1,510) | 60,554 | 37,335 | |||||
| Funds brought forward Funds carried forward |
1,475,014 1,537,078 |
9,293 7,783 |
1,484,307 1,044, 861 |
1,446,972 1404307, |
| 2021 | 2020 | |||
|---|---|---|---|---|
| Note | 6 | E | ||
| Fixed assets | ||||
| Tangible | 17 | 490,000 | 490,000 | |
| investments | 18 | 1,001,767 | 955,295 | |
| 1,491,767 | 1,445,295 | |||
| Current assets | ||||
| Debtors | 19 | 10,773 | 9,911 | |
| Short tenn deposits | 20 | 6,992 | 14,801 | |
| Cash at bank and | in hand | 45,752 | 19,144 | |
| 63,517 | 43,856 | |||
| Liabilities | ||||
| Creditors payable | within one year | (10,423) | (4,844 | |
| Net current assets | 53,094 | 39,012 | ||
| TOTAL NET ASSETS | 1,544,861 | 1,404 307 | ||
| Funds | 22 | |||
| Unresfricted | ||||
| Property capital | 490,000 | 490,000 | ||
| Legacy capital | 542,617 | 542,617 | ||
| General | 504,461 | 442,397 | ||
| 1,537,078 | 1,475,014 | |||
| Restricted | 7,783 | 9,293 | ||
| 1,044,001 | l,484307 |
| OTES TO T |
HE FINANCIAL STA | TEMENTS for the year ended 31 | December 2021 (conti | nued) |
|---|---|---|---|---|
| nts | 2021 | 2020 | ||
| E | E | |||
| Coronavirus | Job Retention Scheme (unrestricted) | 3,155 | ||
| The Sawbridgeworth Ecclesiastical |
Charity; | |||
| Church | insurance | 3,456 | 3,052 | |
| Church | costs | 4,305 | 7,077 | |
| Friends ofGreat St Mary's | 10,890 | |||
| Archbishop's | Council (Church Care | & The Radcliff Trust) | 5,000 | |
| Herffordshire | County Council (sanitiser etc) | 750 | ||
| Sawbridgeworth Town Council |
440 | |||
| DCMS Scheme (VAT claim) | 539 | 4,232 | ||
| Ecclesiastical | Insurance (claim for weathervane) |
2,030 | ||
| The Commonwealth War Graves Commission |
28 | 28 | ||
| 8,768 | 36,214 |
| 8. | Property | lettings (unrestricted) | lettings (unrestricted) | lettings (unrestricted) | 2021 | 2020 | |
|---|---|---|---|---|---|---|---|
| E | |||||||
| Church | House | 6,916 | 3,579 | ||||
| Parish | Hall | 2,566 | 3,452 | ||||
| Car park | 10,768 | 9,475 | |||||
| 20,250 | 16,506 | ||||||
| 9. | Investment | income (unrestricted) | 2021 | 2020 | |||
| E | E | ||||||
| Interest | on | CCLA Deposit Fund | 8 | 27 | |||
| Dividends | on CCLA Fixed Interest Fund investment | 5,000 | 6,387 | ||||
| Dividends | on CCLA Investment | Fund investment | 22,182 | 21,941 | |||
| 27,160 | 28,355 |
| 10. | Mission &charitable giving |
2021 f |
2020 f |
||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Mission grants to organisations | —unrestricted | ||||||||||||
| India Touch Trust (Shiksha Rath) | —overseas | mission | giving | 1,078 | 1,179 | ||||||||
| Friends ofthe Holy Land —overseas mission | giving | 1,078 | |||||||||||
| CMS —South Sudan Diocese —overseas | mission | giving | 1,179 | ||||||||||
| Bishop's Storfford Night Shelter —UK mission |
giving | 1,000 | 1,572 | ||||||||||
| Afghanistan &Central Asian Association |
UK | —UK mission | giving | 438 | |||||||||
| World Vision | 300 | 300 | |||||||||||
| Street Pastors | 150 | ||||||||||||
| Annual subscriptions (previously |
described | as charitable | giving) | 50 | |||||||||
| 4,044 | 4,280 | ||||||||||||
| Distribution ofcollections for specific |
causes | —restricted | |||||||||||
| Women's World Day of Prayer |
239 | ||||||||||||
| Train-a-Priest Fund (Lent lunches |
and Induction | Service | in | 2020) | 345 | ||||||||
| Christian Aid (collection tins) |
315 | ||||||||||||
| The Sawbridgeworth Mayor's charities: |
|||||||||||||
| HRH Duke of Edinburgh Memorial Service |
156 | ||||||||||||
| Civic Service | 259 | ||||||||||||
| The Bishop ofStAlban's Harvest |
Appeal | 549 | 534 | ||||||||||
| The Royal British Legion (Poppy | Appeal) | 286 | |||||||||||
| The Children's Society (Christingle, |
and Crib | service | in 2021) | 582 | 291 | ||||||||
| Crisis UK (Christmas collections, |
excluding | Cdb service | in | 2021) | 534 | 1,104 | |||||||
| Cancer Research (two funerals) | 136 | ||||||||||||
| 2,811 | 2,513 | ||||||||||||
| 11. | Ministry (unrestricted) | 2021 | 2020 | ||||||||||
| f | f | ||||||||||||
| Diocesan parish share |
72,975 | 70,333 | |||||||||||
| Clergy expenses | 3,718 | 1,360 | |||||||||||
| Outreach | 416 | 207 | |||||||||||
| 77,109 | 71,900 | ||||||||||||
| The Vicar and non-stipendiary priest are reimbursed |
for | expenses | incurred | on PCC business, | |||||||||
| 12. | Regular church services (unrestricted) | 2021 f |
2020 f |
||||||||||
| Organists | 6,108 | 4,546 | |||||||||||
| Other costs | 1,925 | 1,295 | |||||||||||
| 8,033 | 5,841 | ||||||||||||
| 13. | Fees paid - weddings and funerals (unrestricted) |
2021 | 2020 | ||||||||||
| Diocesan fees | 4,024 | 4,097 | |||||||||||
| Fees paid to service assistants | 2,269 8,283 |
1,613 5110, |
| operties —maintenance, | repair and utilities | 2021 | 2020 |
| Church | 6,818 | 32,596 | |
| Churchyard | 6,358 | 3,830 | |
| Church House |
3,498 | 3,186 | |
| Parish Hall |
1,010 | 1,036 | |
| The Lodge | 8,914 | 276 | |
| Car park | 552 | ||
| Utilities | 11,280 | 12,270 | |
| Insurances | 3,901 | 7,336 | |
| 42,331 | 50,530 |
| dministratio | n | (unrestricted) | 2021 | 2020 |
|---|---|---|---|---|
| E | E | |||
| Staff costs | 88 | 8,196 | ||
| Bookkeeping | 1,035 | 1,675 | ||
| Committee | expenses | 38 | ||
| Telephone | 932 | 678 | ||
| Equipment | 2,002 | 1,224 | ||
| Printing | 410 | 351 | ||
| Office Supplies | 392 | 465 | ||
| 4,597 | 12,559 |
| 17.Tangible fixed assets (unrestricted) | Freehold | land | Fixtures | Total | |||||
| & | buildings f | &fittings f |
f | ||||||
| Valuation / Cost —beginning and end ofyear Depreciation —beginning and end ofyear |
490,000 | 7,899 «7,899 |
497,899 ~7,899 |
||||||
| Net book value —beginning and end ofyear |
490,000 | 490,000 | |||||||
| The amount of freehold land and buildings |
comprises | valuations | of St Mary's | Lodge | f335,000, the | Parish Hall |
|||
| f45,000and Church House f110,000, provided | by local | estate agent | Wright | 8 Co in November 2010and reflecting | |||||
| current usage. Fixtures and fittings comprise | the sound | system | |||||||
| 18. Investments (unrestricted) |
2021 | 2020 | |||||||
| f | |||||||||
| Market value at beginning ofyear |
955,295 | 928,778 | |||||||
| Additions/(withdrawals) at cost |
(50,000) | (30,000) | |||||||
| Gain/(loss) on revaluation |
96,472 | 56,517 | |||||||
| Market value at end ofyear | 1,001767 | ,955,295 | |||||||
| The podfoiio consists ofinvestmentsin: | |||||||||
| CCLA Fixed Interest Fund | 177,937 | 190,601 | |||||||
| CCLA Investment Fund |
823,830 | 764,694 | |||||||
| 1,001,767 | 955,285 | ||||||||
| 19. Debtors (receivable within one year) |
2021 f |
2020 f |
|||||||
| Tax recoverable (ofwhich f432 restricted |
(2020:f431) —see note | 4) | 9,016 | 9,624 | |||||
| Hire fees due (unrestricted) | 203 | 174 | |||||||
| Undertakers (unrestricted) |
1,327 | ||||||||
| Diocese (Vicarage maintenance costs) (unrestricted) |
113 | ||||||||
| Advent lunch monies not banked in 2021 but included |
in charitable | giving | 227 | ||||||
| 10,773 | 9,911 | ||||||||
| 20. Short term deposits (unrestricted) | |||||||||
| Ihese cash deposits are held with The Central |
Board | of Finance | Church | of | England | Deposit Fund, | which is |
||
| nanaged by CCLA. |
|||||||||
| 21. Creditors (payable within one year) |
2021 f |
2020 | |||||||
| Wedding deposits (unrestricted) |
100 | 100 | |||||||
| Distributions of collections to specific causes (restricted) |
1,235 | 1,395 | |||||||
| Diocesan fees (unrestricted) | 664 | 1,200 | |||||||
| Clergy expenses (unrestricted) | 529 | ||||||||
| P R Newson Ltd (unrestricted) |
4,920 | ||||||||
| Deposits for churchyard benches (unrestricted) |
1,794 | ||||||||
| Independent examination fee (unrestricted) |
1,710 | 1,620 | |||||||
| 10,423 | 4,844 |
| nds | ||||||
|---|---|---|---|---|---|---|
| Balances | Income | Expenditure | Fund | Balances | ||
| end-2020 | in 2021 | in 2021 | transfers | end-2021 | ||
| E | E | E | ||||
| Unrestricted | ||||||
| Property | capital | 490,000 | 490,000 | |||
| Legacy General |
capital | 542,617 442 397 |
196 102 | ~134,038 | 542,617 504 481 |
|
| 1,475,014 | 196,102 | (134,038) | 1,537,078 | |||
| Restricted | ||||||
| Monies Specific |
for specific causes grants &fundraising |
486 8,807 |
2,839 9,385 |
(2,817) ~40,897 |
508 7,275 |
|
| 9,293 | 12,204 | (13,714) | 7,783 | |||
| Total | 1,484,307 | 206,306 | ~147,752 | 1,544,861 |
| Balances | Income | Expenditure | Fund | Balances | ||
|---|---|---|---|---|---|---|
| end-2019 | in 2020 | in 2019 | transfers | end-2019 | ||
| E | E | E | ||||
| Unrestricted | ||||||
| Property capital | 490,000 | 490,000 | ||||
| Legacy capital | 540,617 | 2,000 | 542,617 | |||
| General | 402,780 | 165,058 | (125,441+ | 442,397 | ||
| 1,433,397 | 167,058 | (125,441) | 1,475,014 | |||
| Restricted | ||||||
| Monies for specific causes Specific granis &fundraising |
470 13,105 |
2,529 33,167 |
(2,513) ~37,465 |
486 8,807 |
||
| 13,575 | 35,696 | (39,978) | 9,293 | |||
| Total | 1,446,972 | 202,754 | ~165,419 | 484307, , |