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|||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|
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|||||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,|
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||||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|
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|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|
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|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|
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|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,|
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|||||
|---|---|---|---|
|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|
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|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|
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|||||||||||
|---|---|---|---|---|---|---|---|---|---|
|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|
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|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|
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|||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,
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