The Abbey and Parish Church
of
St. Peter and St. Paul
Registered Charity in England and Wales No. 1132631
Financial Statements
Year ending 31 December 2021
Incumbent: Revd Fr.Chris Atkinson The Vicarage Church Walk Bourne Lincs
Bank: HSBC Bank PLC Stamford
Independent Examiner Peter Berry & Co Exeter Street Bourne
I
Page 1
Financial Review of Year 2021
The financial performance in 2021 was again significantly affected by the Covid 19 Virus which required a reduction of services and other activities to varying degrees throughout the whole year. Some restrictions are expected to continue into 2022 but we expect to see a limited recovery in our financial performance but not back to 2020 / pre-covid levels.
The General Fund compared to 2020 showed a decrease in Total Income of 20% and a Total Expenditure reduction of 25% leaving a deficit of £4,361 (deficit in 2020 was £12,066). Since 2019 both Income and Expenditure have reduced by 38%.
A transfer of £10,000 from the Fabric Fund was made to support the General Fund. Also for the first time in many years we were unable to meet our share / quota paying only £31,899 of the planned £54,683 to support the ministry costs of the Diocese and Parish. The fund balance at the end of the year was £17,056 including a £2000 accrual. Total Income £64,018 (£79634 in 2020) included the following main items:
Total Voluntary income of £53,963 was down on last year by 6% or £3411. Fund Raising Activities in total were down by £651 to £2,029 but this included £2000 donated by the Social Committee. Net fees were down by £5578 but 2020 included some late fees from 2019.
Total Expenditure £68,379 (£91,700 in 2020) include the following main items: Diocesan Share £31,899 (see above). Insurance £7,254 and Staff costs £5,056 were both similar to 2020.
The Hall & Sunday School Fund had a deficit of £5066 (deficit of £4,631 in 2020). Income from Hall Lettings at £3,588 was down on last year by £601 and is now down 74% from 2019. Expenses at £8,657 were down £165 on 2020. The fund balance at the end of the year was £17,535 (£22,601 in 2020).
The Fabric Fund had the Investment shares revalued in the accounts with a gain of £130,000 and shares to the value of £30,000 were sold and transferred to the HSBC account to help meet ongoing expenses. The net value of the investment was increased from £250,000 to £350,000.
The only income was £26 of interest. Expenditure was £47,744 to cover the initial payment on the new lighting system (£46,994) and Architect fees.(£750)
The Fund total balance of £394,842 (£322,560 in 2020) is allocated to restricted accounts Restoration £291,157 and Fabric £81,451 and unrestricted account £22,234.
The Birthday Fund has been closed to new income and the remaining balance of £1556 is being used / transferred to the restricted Fabric account.
The Social Committee donated £2,000 to the PCC General Account.
The Bourne PCC Mahajanga Support Fund accounts summary is include in the appendix. This Fund is not incorporated into any Bourne PCC Funds and is limited solely to the purpose declared.
Accounting policies
The following statements have been prepared in accordance with the Church Accounting Regulations 2015 together with applicable accounting standards and the Charities SORP.
As the total of both income and expenditure as shown is in excess of £100,000 the Accounts have been prepared on an Income and Expenditure basis, making adjustments for sums due to the PCC and amounts owing by the PCC as at 31st December 2021.
No account has been taken of any increase or decrease in the value of investments in the preparation of the accounts. The value of the investments as notified by the CBF and the COIF is stated by way of note on the Balance Sheet. The PCC owns no material assets other than those shown by way of note on the Balance Sheet. These have not been valued as no sale is anticipated.
Due to the rounding of figures to the nearest whole £1 some of the columns may not appear to add up correctly. The notes referred to in the accounts and included at the end of the accounts are by way of information and do not form part of the statutory accounts.
Page 2
Statement of Financial Activities
| Unrestricted Restricted Endowment Total Prior year funds funds funds funds total funds |
|
|---|---|
| Incoming resources Incoming resources from generated funds Voluntary income Activities for generating funds Investment income Other incoming resources Total income Resources used Cost of generating funds Cost of generating voluntary income Fundraising trading cost of goods sold and other costs Charitable activities Other resources used Church Administration Total expenditure Net income / (expenditure) resources before transfer Transfers Gross transfers between funds - in Gross transfers between funds - out Other recognised gains / losses Gains / losses on investment assets Gains on revaluation, fixed assets, charity's own use Net movement in funds Total funds brought forward Total funds carried forward Represented by Unrestricted General fund Designated Birthday Fund Choir Fund Clergy Expense Fund Dunbar Trust Fund Fabric Fund Flower Fund Hall & Sunday School Fund Organ Fund Social Committee Fund T M Baxter Fund Restricted Bell Fund Parish Clerk Fund Youth Club Fund |
157 5 — 162 495 55,953 — — 55,953 70,912 9,341 — — 9,341 9,340 2,577 — — 2,577 2,516 5,448 — — 5,448 17,063 |
| 73,477 5 — 73,482 100,326 1,470 — — 1,470 810 2,000 — — 2,000 1,500 133 — — 133 — 5,395 — — 5,395 10,314 123,931 — — 123,931 104,010 |
|
| 132,929 — — 132,929 116,634 |
|
| (59,452) 5 — (59,447) (16,309) 10,000 — — 10,000 20,165 (10,000) — — (10,000) (20,165) 130,000 — — 130,000 — — — — — — |
|
| 70,548 5 — 70,553 (16,309) |
|
| 378,695 11,484 — 390,179 406,487 |
|
| 449,244 11,488 — 460,732 390,179 17,056 — — 17,056 11,416 1,556 — — 1,556 2,815 691 — — 691 801 6,076 — — 6,076 6,076 2,074 — — 2,074 1,978 394,842 — — 394,842 322,560 1,934 — — 1,934 1,998 17,535 — — 17,535 22,601 5,912 — — 5,912 7,165 1,026 — — 1,026 772 543 — — 543 512 — 10,371 — 10,371 10,367 — 205 — 205 205 — 913 — 913 912 |
Page 3
Statement of assets and liabilities
| General Designated Restricted Endowment |
This year Last year |
|
|---|---|---|
| Fixed assets - Investments Fabric Fund Investment Shares Accumulati - Totals Current assets - Cash at bank and in hand General Current HSBC - General Deposit HSBC - Hall & Sunday School HSBC - Bell Deposit HSBC - Birthday Deposit HSBC - Choir Deposit HSBC - Dunbar Deposit HSBC - Fabric Deposit HSBC - Flower Deposit HSBC - Organ Deposit HSBC - Parish Clerk Deposit HSBC - General Deposit CBF - Sunday School Deposit CBF - Bell Deposit CBF - Birthday Deposit CBF - Choir Deposit CBF - Fabric Deposit CBF - Organ Deposit CBF - Thomas Moore Baxter Deposit Nat West - Parish Clerk Deposit CBF - Clergy Expenses Deposit CBF - Social Committee - Youth Club Deposit CBF - Totals Current assets - Debtors Accounts Receivable - Totals Current assets - Investments Clergy Expenses Investment COIF - Thomas Moore Baxter Investmnet COIF - Dunbar Trust CBF - Totals Grand total |
— 350,000 — — |
350,000 250,000 |
| — 350,000 — — 14,983 — — — 32 — — — — 11,285 — — 15 — 151 — — 1,472 — — — 173 — — — 1,906 — — — 44,342 — — — 1,934 — — — 2,623 — — — — 0 — 25 — — — — 6,250 — — — — 10,220 — — 84 — — — 519 — — — 500 — — — 3,289 — — — 492 — — — — 205 — — 2,373 — — — 1,026 — — — — 913 — |
350,000 250,000 14,983 7,844 32 32 11,285 16,351 166 166 1,472 2,732 173 283 1,906 1,810 44,342 16,060 1,934 1,998 2,623 3,878 0 0 25 25 6,250 6,250 10,220 10,216 84 84 519 519 500 56,500 3,289 3,287 492 462 205 205 2,373 2,373 1,026 772 913 912 |
|
| 15,056 78,267 11,488 — 2,000 — — — |
104,811 132,758 2,000 3,500 |
|
| 2,000 — — — — 3,703 — — — 57 — — — 161 — — |
2,000 3,500 3,703 3,703 57 57 161 161 |
|
| — 3,921 — — |
3,921 3,921 |
|
| 17,056 432,188 11,488 — |
460,732 390,179 |
Page 4
Balance sheet
| Total funds Prior year funds 350,000 250,000 350,000 250,000 2,000 3,500 3,921 3,921 104,811 132,758 110,732 140,179 110,732 140,179 460,732 390,179 460,732 390,179 17,056 11,416 17,535 22,601 1,934 1,998 1,026 772 394,842 322,560 6,076 6,076 543 512 2,074 1,978 1,556 2,815 5,912 7,165 691 801 10,371 10,367 205 205 913 912 460,732 390,179 86,601 75,714 ????? 3,292 1,171 1,024 353,843 326,490* |
|
|---|---|
| Fixed assets Investments Current assets Debtors Investments Cash at bank and in hand Net current assets less current liabilities Total assets less current liabilities Total net assets less liabilities Represented by Unrestricted General fund Designated Hall & Sunday School Fund Flower Fund Social Committee Fund Fabric Fund Clergy Expense Fund T M Baxter Fund Dunbar Trust Fund Birthday Fund Organ Fund Choir Fund Restricted Bell Fund Parish Clerk Fund Youth Club Fund Funds of the church The value of investments as at 31 December 2021 was as follows: Browning Trust (Clergy Exp. Fund) 3703 CBF Invest. Shares E.C. Dunbar Memorial Trust 161 Investment Shares Thomas Moore Baxter Memorial Trust 57 COIF Shares Fabric Fund CBF Investment Fund 6066.92 shares (*6579.83 shares) |
Approved by the PCC on 3 February 2022
………………………………………………..
Chairman
Father Christopher Atkinson
………………………………………………...
Treasurer
Alan G Payne
Page 5
Receipts and Payments Account
| Total funds Prior year funds |
|
|---|---|
| General - General fund (Unrestricted) Receipts Incoming resources from generated funds 060 - Bank Interest HSBC 061 - Interest CBF Total Incoming resources from generated funds Voluntary income 051 - Planned Giving NGA 052 - Gift Aid 053 - Cash Offerings 054 - Baptisms, Weddings, Funerals, Homes 056 - Donations 063 - Income Tax Repayment 064 - Special Collections Received 068 - Funeral Collections (Contra) Total Voluntary income Activities for generating funds 057 - Events 090 - Receipts from Social Committee 091 - Magazine Advertising Total Activities for generating funds Investment income 062 - Trust Income 093 - Clergy Expense Fund Interest Total Investment income Other incoming resources 055 - Parish Fees 070 - Diocesan Fees Total Other incoming resources Total Receipts Payments Charitable activities 075 - Special Collections Paid Total Charitable activities Other resources used 072 - Funeral Collections Contra Expend 073 - Fees Contra Expend to 55 087 - Assigned Fees Expend contra to acc 070 Total Other resources used Church Administration 077 - Diocesan & Deanery Share 078 - Electricity 079 - Heating 080 - Cleaning & Sundry 081 - Insurance 082 - Church Services (Wine, Wafer, Candles) 083 - Staff Costs 084 - Magazine Costs 086 - Other Repairs 088 - Printing & Stationery 089 - Clergy & Office Expenses Total Church Administration |
— 0 0 1 |
| 0 1 1,667 2,249 31,762 35,579 2,800 2,897 419 3,139 3,896 2,802 12,221 10,791 133 — 1,064 (83) |
|
| 53,963 57,374 — 1,025 2,000 1,500 29 155 |
|
| 2,029 2,680 204 223 2,372 2,293 |
|
| 2,577 2,516 2,631 8,366 2,818 8,696 |
|
| 5,448 17,063 |
|
| 64,018 79,634 133 — |
|
| 133 — 1,064 (83) 1,513 1,670 2,818 8,696 |
|
| 5,395 10,283 31,899 54,819 864 964 5,203 5,246 577 632 7,254 7,087 677 1,034 5,056 5,035 — 763 7,281 2,183 2,360 1,529 1,679 2,124 |
|
| 62,851 81,417 |
Page 6
| Total Payments Excess of Incoming resources over Resources used Brought forward balance Transfers to/(from) Carried forward balance B-Hall - Hall & Sunday School Fund (Designated) Receipts Incoming resources from generated funds 232 - Hall & SS Interest CBF Total Incoming resources from generated funds Activities for generating funds 231 - Hall & SS Hire of Hall Total Activities for generating funds Total Receipts Payments Church Administration 236 - Hall Electricity 237 - Hall Heating 238 - Hall Insurance 239 - Hall Water & Sewage 240 - Hall Repairs and Renewals 241 - Hall Caretaker & Opening Fees 243 - Hall Sundry Expenses Total Church Administration Total Payments Excess of Incoming resources over Resources used Brought forward balance Carried forward balance C-SocCom - Social Committee Fund (Designated) Receipts Incoming resources from generated funds Activities for generating funds 105 - Social Committee Events 107 - Social Committee 59 Club Receipts Total Activities for generating funds Total Receipts Payments Cost of generating funds Cost of generating voluntary income 113 - Social Committee 59 Club Prizes Total Cost of generating voluntary income Fundraising trading cost of goods sold and other costs 111 - To PCC Account (transfer) Total Fundraising trading cost of goods sold and other costs Other resources used 110 - Social Club Expenses Total Other resources used Total Payments |
68,379 91,700 (4,361) (12,066) 11,416 3,318 10,000 20,165 |
|---|---|
| 17,056 11,416 3 27 |
|
| 3 27 3,588 4,165 |
|
| 3,588 4,165 |
|
| 3,591 4,192 807 498 687 871 588 574 516 501 517 930 5,530 5,448 11 — |
|
| 8,657 8,822 |
|
| 8,657 8,822 (5,066) (4,631) 22,601 27,232 |
|
| 17,535 22,601 799 484 2,925 2,011 |
|
| 3,724 2,495 |
|
| 3,724 2,495 1,470 810 |
|
| 1,470 810 2,000 1,500 |
|
| 2,000 1,500 — 31 |
|
| — 31 |
|
| 3,470 2,341 |
Page 7
| Excess of Incoming resources over Resources used Brought forward balance Carried forward balance D-Fabric - Fabric Fund (Designated) Receipts Incoming resources from generated funds 125 - Fabric Interest CBF 126 - Fabric Interest HSBC Total Incoming resources from generated funds Voluntary income 120 - Fabric Donations Total Voluntary income Total Receipts Payments Church Administration 131 - Fabric Quinquennial Repairs 132 - Fabric Architect Fees Total Church Administration Total Payments Excess of Incoming resources over Resources used Brought forward balance Transfers to/(from) Gains & losses Carried forward balance E-ClergyEx - Clergy Expense Fund (Designated) Brought forward balance Carried forward balance F-BaxNWe - T M Baxter Fund (Designated) Receipts Incoming resources from generated funds 150 - T M Baxter Interest Total Incoming resources from generated funds Total Receipts Excess of Incoming resources over Resources used Brought forward balance Carried forward balance G-Dunbar - Dunbar Trust Fund (Designated) Receipts Incoming resources from generated funds 155 - E C Dunbar Interest CBF 156 - E C Dunbar Interest HSBC Total Incoming resources from generated funds Total Receipts Excess of Incoming resources over Resources used Brought forward balance |
254 154 772 618 |
|---|---|
| 1,026 772 24 240 2 31 |
|
| 26 270 — 12,857 |
|
| — 12,857 |
|
| 26 13,128 46,994 11,856 750 926 |
|
| 47,744 12,783 |
|
| 47,744 12,783 (47,718) 345 322,560 342,215 (10,000) (20,000) 130,000 — |
|
| 394,842 322,560 6,076 6,076 |
|
| 6,076 6,076 30 30 |
|
| 30 30 |
|
| 30 30 30 30 512 483 |
|
| 543 512 96 92 0 2 |
|
| 96 94 |
|
| 96 94 96 94 1,978 1,884 |
Page 8
| Carried forward balance H-Bell - Bell Fund (Restricted) Receipts Incoming resources from generated funds 162 - Bell Interest HSBC 163 - Bell Interest CBF Total Incoming resources from generated funds Total Receipts Excess of Incoming resources over Resources used Brought forward balance Carried forward balance J-Birthday - Birthday Fund (Designated) Receipts Incoming resources from generated funds 171 - Birthday Interest HSBC 172 - Birthday Interest CBF Total Incoming resources from generated funds Voluntary income 170 - Birthday Donations Total Voluntary income Total Receipts Payments Church Administration 175 - Birthday Payments Total Church Administration Total Payments Excess of Incoming resources over Resources used Brought forward balance Carried forward balance K-Organ - Organ Fund (Designated) Receipts Incoming resources from generated funds 181 - Organ Interest HSBC 182 - Organ Interest CBF Total Incoming resources from generated funds Voluntary income 180 - Organ Donations incl Tutor Fees Total Voluntary income Total Receipts Payments Church Administration 185 - Organ Repairs incl Piano Total Church Administration Total Payments Excess of Incoming resources over Resources used |
2,074 1,978 — 0 4 43 |
|---|---|
| 4 43 |
|
| 4 43 4 43 10,367 10,323 |
|
| 10,371 10,367 0 3 0 0 |
|
| 0 4 180 285 |
|
| 180 285 |
|
| 180 289 1,440 712 |
|
| 1,440 712 |
|
| 1,440 712 (1,260) (423) 2,815 3,238 |
|
| 1,556 2,815 0 4 1 14 |
|
| 2 18 1,760 — |
|
| 1,760 — |
|
| 1,762 18 3,015 65 |
|
| 3,015 65 |
|
| 3,015 65 (1,253) (47) |
Page 9
| Brought forward balance Carried forward balance L-Choir - Choir Fund (Designated) Receipts Incoming resources from generated funds 192 - Choir Interest HSBC 193 - Choir Interest CBF Total Incoming resources from generated funds Total Receipts Payments Church Administration 197 - Choir RSCM Fee 198 - Choir Robes & Other Expenses Total Church Administration Total Payments Excess of Incoming resources over Resources used Brought forward balance Carried forward balance M-Flower - Flower Fund (Designated) Receipts Incoming resources from generated funds 200 - Flower Interest HSBC Total Incoming resources from generated funds Voluntary income 201 - Flower Donations Total Voluntary income Total Receipts Payments Church Administration 209 - Cost of Flowers Total Church Administration Total Payments Excess of Incoming resources over Resources used Brought forward balance Carried forward balance N-ParishCl - Parish Clerk Fund (Restricted) Brought forward balance Transfers to/(from) Carried forward balance |
7,165 7,212 |
|---|---|
| 5,912 7,165 0 0 0 2 |
|
| 0 3 |
|
| 0 3 110 107 — 45 |
|
| 110 152 |
|
| 110 152 (110) (149) 801 950 |
|
| 691 801 0 2 |
|
| 0 2 50 396 |
|
| 50 396 |
|
| 50 398 114 60 |
|
| 114 60 |
|
| 114 60 (64) 337 1,998 1,660 |
|
| 1,934 1,998 205 369 — (165) |
|
| 205 205 |
Page 10
| O-YClubC - Youth Club Fund (Restricted) Receipts Incoming resources from generated funds 221 - Youth Club Interest CBF Total Incoming resources from generated funds Total Receipts Excess of Incoming resources over Resources used Brought forward balance Carried forward balance |
0 4 |
|---|---|
| 0 4 |
|
| 0 4 0 4 912 908 |
|
| 913 912 |
Page 11
The Abbey and Parish Church
of
St. Peter and St. Paul
Registered Charity in England and Wales No. 1132631
Financial Statements
Year ending 31 December 2021
Incumbent: Revd Fr.Chris Atkinson The Vicarage Church Walk Bourne Lincs
Bank: HSBC Bank PLC Stamford
Independent Examiner Peter Berry & Co Exeter Street Bourne
I
Page 1
Financial Review of Year 2021
The financial performance in 2021 was again significantly affected by the Covid 19 Virus which required a reduction of services and other activities to varying degrees throughout the whole year. Some restrictions are expected to continue into 2022 but we expect to see a limited recovery in our financial performance but not back to 2020 / pre-covid levels.
The General Fund compared to 2020 showed a decrease in Total Income of 20% and a Total Expenditure reduction of 25% leaving a deficit of £4,361 (deficit in 2020 was £12,066). Since 2019 both Income and Expenditure have reduced by 38%.
A transfer of £10,000 from the Fabric Fund was made to support the General Fund. Also for the first time in many years we were unable to meet our share / quota paying only £31,899 of the planned £54,683 to support the ministry costs of the Diocese and Parish. The fund balance at the end of the year was £17,056 including a £2000 accrual. Total Income £64,018 (£79634 in 2020) included the following main items:
Total Voluntary income of £53,963 was down on last year by 6% or £3411. Fund Raising Activities in total were down by £651 to £2,029 but this included £2000 donated by the Social Committee. Net fees were down by £5578 but 2020 included some late fees from 2019.
Total Expenditure £68,379 (£91,700 in 2020) include the following main items: Diocesan Share £31,899 (see above). Insurance £7,254 and Staff costs £5,056 were both similar to 2020.
The Hall & Sunday School Fund had a deficit of £5066 (deficit of £4,631 in 2020). Income from Hall Lettings at £3,588 was down on last year by £601 and is now down 74% from 2019. Expenses at £8,657 were down £165 on 2020. The fund balance at the end of the year was £17,535 (£22,601 in 2020).
The Fabric Fund had the Investment shares revalued in the accounts with a gain of £130,000 and shares to the value of £30,000 were sold and transferred to the HSBC account to help meet ongoing expenses. The net value of the investment was increased from £250,000 to £350,000.
The only income was £26 of interest. Expenditure was £47,744 to cover the initial payment on the new lighting system (£46,994) and Architect fees.(£750)
The Fund total balance of £394,842 (£322,560 in 2020) is allocated to restricted accounts Restoration £291,157 and Fabric £81,451 and unrestricted account £22,234.
The Birthday Fund has been closed to new income and the remaining balance of £1556 is being used / transferred to the restricted Fabric account.
The Social Committee donated £2,000 to the PCC General Account.
The Bourne PCC Mahajanga Support Fund accounts summary is include in the appendix. This Fund is not incorporated into any Bourne PCC Funds and is limited solely to the purpose declared.
Accounting policies
The following statements have been prepared in accordance with the Church Accounting Regulations 2015 together with applicable accounting standards and the Charities SORP.
As the total of both income and expenditure as shown is in excess of £100,000 the Accounts have been prepared on an Income and Expenditure basis, making adjustments for sums due to the PCC and amounts owing by the PCC as at 31st December 2021.
No account has been taken of any increase or decrease in the value of investments in the preparation of the accounts. The value of the investments as notified by the CBF and the COIF is stated by way of note on the Balance Sheet. The PCC owns no material assets other than those shown by way of note on the Balance Sheet. These have not been valued as no sale is anticipated.
Due to the rounding of figures to the nearest whole £1 some of the columns may not appear to add up correctly. The notes referred to in the accounts and included at the end of the accounts are by way of information and do not form part of the statutory accounts.
Page 2
Statement of Financial Activities
| Unrestricted Restricted Endowment Total Prior year funds funds funds funds total funds |
|
|---|---|
| Incoming resources Incoming resources from generated funds Voluntary income Activities for generating funds Investment income Other incoming resources Total income Resources used Cost of generating funds Cost of generating voluntary income Fundraising trading cost of goods sold and other costs Charitable activities Other resources used Church Administration Total expenditure Net income / (expenditure) resources before transfer Transfers Gross transfers between funds - in Gross transfers between funds - out Other recognised gains / losses Gains / losses on investment assets Gains on revaluation, fixed assets, charity's own use Net movement in funds Total funds brought forward Total funds carried forward Represented by Unrestricted General fund Designated Birthday Fund Choir Fund Clergy Expense Fund Dunbar Trust Fund Fabric Fund Flower Fund Hall & Sunday School Fund Organ Fund Social Committee Fund T M Baxter Fund Restricted Bell Fund Parish Clerk Fund Youth Club Fund |
157 5 — 162 495 55,953 — — 55,953 70,912 9,341 — — 9,341 9,340 2,577 — — 2,577 2,516 5,448 — — 5,448 17,063 |
| 73,477 5 — 73,482 100,326 1,470 — — 1,470 810 2,000 — — 2,000 1,500 133 — — 133 — 5,395 — — 5,395 10,314 123,931 — — 123,931 104,010 |
|
| 132,929 — — 132,929 116,634 |
|
| (59,452) 5 — (59,447) (16,309) 10,000 — — 10,000 20,165 (10,000) — — (10,000) (20,165) 130,000 — — 130,000 — — — — — — |
|
| 70,548 5 — 70,553 (16,309) |
|
| 378,695 11,484 — 390,179 406,487 |
|
| 449,244 11,488 — 460,732 390,179 17,056 — — 17,056 11,416 1,556 — — 1,556 2,815 691 — — 691 801 6,076 — — 6,076 6,076 2,074 — — 2,074 1,978 394,842 — — 394,842 322,560 1,934 — — 1,934 1,998 17,535 — — 17,535 22,601 5,912 — — 5,912 7,165 1,026 — — 1,026 772 543 — — 543 512 — 10,371 — 10,371 10,367 — 205 — 205 205 — 913 — 913 912 |
Page 3
Statement of assets and liabilities
| General Designated Restricted Endowment |
This year Last year |
|
|---|---|---|
| Fixed assets - Investments Fabric Fund Investment Shares Accumulati - Totals Current assets - Cash at bank and in hand General Current HSBC - General Deposit HSBC - Hall & Sunday School HSBC - Bell Deposit HSBC - Birthday Deposit HSBC - Choir Deposit HSBC - Dunbar Deposit HSBC - Fabric Deposit HSBC - Flower Deposit HSBC - Organ Deposit HSBC - Parish Clerk Deposit HSBC - General Deposit CBF - Sunday School Deposit CBF - Bell Deposit CBF - Birthday Deposit CBF - Choir Deposit CBF - Fabric Deposit CBF - Organ Deposit CBF - Thomas Moore Baxter Deposit Nat West - Parish Clerk Deposit CBF - Clergy Expenses Deposit CBF - Social Committee - Youth Club Deposit CBF - Totals Current assets - Debtors Accounts Receivable - Totals Current assets - Investments Clergy Expenses Investment COIF - Thomas Moore Baxter Investmnet COIF - Dunbar Trust CBF - Totals Grand total |
— 350,000 — — |
350,000 250,000 |
| — 350,000 — — 14,983 — — — 32 — — — — 11,285 — — 15 — 151 — — 1,472 — — — 173 — — — 1,906 — — — 44,342 — — — 1,934 — — — 2,623 — — — — 0 — 25 — — — — 6,250 — — — — 10,220 — — 84 — — — 519 — — — 500 — — — 3,289 — — — 492 — — — — 205 — — 2,373 — — — 1,026 — — — — 913 — |
350,000 250,000 14,983 7,844 32 32 11,285 16,351 166 166 1,472 2,732 173 283 1,906 1,810 44,342 16,060 1,934 1,998 2,623 3,878 0 0 25 25 6,250 6,250 10,220 10,216 84 84 519 519 500 56,500 3,289 3,287 492 462 205 205 2,373 2,373 1,026 772 913 912 |
|
| 15,056 78,267 11,488 — 2,000 — — — |
104,811 132,758 2,000 3,500 |
|
| 2,000 — — — — 3,703 — — — 57 — — — 161 — — |
2,000 3,500 3,703 3,703 57 57 161 161 |
|
| — 3,921 — — |
3,921 3,921 |
|
| 17,056 432,188 11,488 — |
460,732 390,179 |
Page 4
Balance sheet
| Total funds Prior year funds 350,000 250,000 350,000 250,000 2,000 3,500 3,921 3,921 104,811 132,758 110,732 140,179 110,732 140,179 460,732 390,179 460,732 390,179 17,056 11,416 17,535 22,601 1,934 1,998 1,026 772 394,842 322,560 6,076 6,076 543 512 2,074 1,978 1,556 2,815 5,912 7,165 691 801 10,371 10,367 205 205 913 912 460,732 390,179 86,601 75,714 ????? 3,292 1,171 1,024 353,843 326,490* |
|
|---|---|
| Fixed assets Investments Current assets Debtors Investments Cash at bank and in hand Net current assets less current liabilities Total assets less current liabilities Total net assets less liabilities Represented by Unrestricted General fund Designated Hall & Sunday School Fund Flower Fund Social Committee Fund Fabric Fund Clergy Expense Fund T M Baxter Fund Dunbar Trust Fund Birthday Fund Organ Fund Choir Fund Restricted Bell Fund Parish Clerk Fund Youth Club Fund Funds of the church The value of investments as at 31 December 2021 was as follows: Browning Trust (Clergy Exp. Fund) 3703 CBF Invest. Shares E.C. Dunbar Memorial Trust 161 Investment Shares Thomas Moore Baxter Memorial Trust 57 COIF Shares Fabric Fund CBF Investment Fund 6066.92 shares (*6579.83 shares) |
Approved by the PCC on 3 February 2022
………………………………………………..
Chairman
Father Christopher Atkinson
………………………………………………...
Treasurer
Alan G Payne
Page 5
Receipts and Payments Account
| Total funds Prior year funds |
|
|---|---|
| General - General fund (Unrestricted) Receipts Incoming resources from generated funds 060 - Bank Interest HSBC 061 - Interest CBF Total Incoming resources from generated funds Voluntary income 051 - Planned Giving NGA 052 - Gift Aid 053 - Cash Offerings 054 - Baptisms, Weddings, Funerals, Homes 056 - Donations 063 - Income Tax Repayment 064 - Special Collections Received 068 - Funeral Collections (Contra) Total Voluntary income Activities for generating funds 057 - Events 090 - Receipts from Social Committee 091 - Magazine Advertising Total Activities for generating funds Investment income 062 - Trust Income 093 - Clergy Expense Fund Interest Total Investment income Other incoming resources 055 - Parish Fees 070 - Diocesan Fees Total Other incoming resources Total Receipts Payments Charitable activities 075 - Special Collections Paid Total Charitable activities Other resources used 072 - Funeral Collections Contra Expend 073 - Fees Contra Expend to 55 087 - Assigned Fees Expend contra to acc 070 Total Other resources used Church Administration 077 - Diocesan & Deanery Share 078 - Electricity 079 - Heating 080 - Cleaning & Sundry 081 - Insurance 082 - Church Services (Wine, Wafer, Candles) 083 - Staff Costs 084 - Magazine Costs 086 - Other Repairs 088 - Printing & Stationery 089 - Clergy & Office Expenses Total Church Administration |
— 0 0 1 |
| 0 1 1,667 2,249 31,762 35,579 2,800 2,897 419 3,139 3,896 2,802 12,221 10,791 133 — 1,064 (83) |
|
| 53,963 57,374 — 1,025 2,000 1,500 29 155 |
|
| 2,029 2,680 204 223 2,372 2,293 |
|
| 2,577 2,516 2,631 8,366 2,818 8,696 |
|
| 5,448 17,063 |
|
| 64,018 79,634 133 — |
|
| 133 — 1,064 (83) 1,513 1,670 2,818 8,696 |
|
| 5,395 10,283 31,899 54,819 864 964 5,203 5,246 577 632 7,254 7,087 677 1,034 5,056 5,035 — 763 7,281 2,183 2,360 1,529 1,679 2,124 |
|
| 62,851 81,417 |
Page 6
| Total Payments Excess of Incoming resources over Resources used Brought forward balance Transfers to/(from) Carried forward balance B-Hall - Hall & Sunday School Fund (Designated) Receipts Incoming resources from generated funds 232 - Hall & SS Interest CBF Total Incoming resources from generated funds Activities for generating funds 231 - Hall & SS Hire of Hall Total Activities for generating funds Total Receipts Payments Church Administration 236 - Hall Electricity 237 - Hall Heating 238 - Hall Insurance 239 - Hall Water & Sewage 240 - Hall Repairs and Renewals 241 - Hall Caretaker & Opening Fees 243 - Hall Sundry Expenses Total Church Administration Total Payments Excess of Incoming resources over Resources used Brought forward balance Carried forward balance C-SocCom - Social Committee Fund (Designated) Receipts Incoming resources from generated funds Activities for generating funds 105 - Social Committee Events 107 - Social Committee 59 Club Receipts Total Activities for generating funds Total Receipts Payments Cost of generating funds Cost of generating voluntary income 113 - Social Committee 59 Club Prizes Total Cost of generating voluntary income Fundraising trading cost of goods sold and other costs 111 - To PCC Account (transfer) Total Fundraising trading cost of goods sold and other costs Other resources used 110 - Social Club Expenses Total Other resources used Total Payments |
68,379 91,700 (4,361) (12,066) 11,416 3,318 10,000 20,165 |
|---|---|
| 17,056 11,416 3 27 |
|
| 3 27 3,588 4,165 |
|
| 3,588 4,165 |
|
| 3,591 4,192 807 498 687 871 588 574 516 501 517 930 5,530 5,448 11 — |
|
| 8,657 8,822 |
|
| 8,657 8,822 (5,066) (4,631) 22,601 27,232 |
|
| 17,535 22,601 799 484 2,925 2,011 |
|
| 3,724 2,495 |
|
| 3,724 2,495 1,470 810 |
|
| 1,470 810 2,000 1,500 |
|
| 2,000 1,500 — 31 |
|
| — 31 |
|
| 3,470 2,341 |
Page 7
| Excess of Incoming resources over Resources used Brought forward balance Carried forward balance D-Fabric - Fabric Fund (Designated) Receipts Incoming resources from generated funds 125 - Fabric Interest CBF 126 - Fabric Interest HSBC Total Incoming resources from generated funds Voluntary income 120 - Fabric Donations Total Voluntary income Total Receipts Payments Church Administration 131 - Fabric Quinquennial Repairs 132 - Fabric Architect Fees Total Church Administration Total Payments Excess of Incoming resources over Resources used Brought forward balance Transfers to/(from) Gains & losses Carried forward balance E-ClergyEx - Clergy Expense Fund (Designated) Brought forward balance Carried forward balance F-BaxNWe - T M Baxter Fund (Designated) Receipts Incoming resources from generated funds 150 - T M Baxter Interest Total Incoming resources from generated funds Total Receipts Excess of Incoming resources over Resources used Brought forward balance Carried forward balance G-Dunbar - Dunbar Trust Fund (Designated) Receipts Incoming resources from generated funds 155 - E C Dunbar Interest CBF 156 - E C Dunbar Interest HSBC Total Incoming resources from generated funds Total Receipts Excess of Incoming resources over Resources used Brought forward balance |
254 154 772 618 |
|---|---|
| 1,026 772 24 240 2 31 |
|
| 26 270 — 12,857 |
|
| — 12,857 |
|
| 26 13,128 46,994 11,856 750 926 |
|
| 47,744 12,783 |
|
| 47,744 12,783 (47,718) 345 322,560 342,215 (10,000) (20,000) 130,000 — |
|
| 394,842 322,560 6,076 6,076 |
|
| 6,076 6,076 30 30 |
|
| 30 30 |
|
| 30 30 30 30 512 483 |
|
| 543 512 96 92 0 2 |
|
| 96 94 |
|
| 96 94 96 94 1,978 1,884 |
Page 8
| Carried forward balance H-Bell - Bell Fund (Restricted) Receipts Incoming resources from generated funds 162 - Bell Interest HSBC 163 - Bell Interest CBF Total Incoming resources from generated funds Total Receipts Excess of Incoming resources over Resources used Brought forward balance Carried forward balance J-Birthday - Birthday Fund (Designated) Receipts Incoming resources from generated funds 171 - Birthday Interest HSBC 172 - Birthday Interest CBF Total Incoming resources from generated funds Voluntary income 170 - Birthday Donations Total Voluntary income Total Receipts Payments Church Administration 175 - Birthday Payments Total Church Administration Total Payments Excess of Incoming resources over Resources used Brought forward balance Carried forward balance K-Organ - Organ Fund (Designated) Receipts Incoming resources from generated funds 181 - Organ Interest HSBC 182 - Organ Interest CBF Total Incoming resources from generated funds Voluntary income 180 - Organ Donations incl Tutor Fees Total Voluntary income Total Receipts Payments Church Administration 185 - Organ Repairs incl Piano Total Church Administration Total Payments Excess of Incoming resources over Resources used |
2,074 1,978 — 0 4 43 |
|---|---|
| 4 43 |
|
| 4 43 4 43 10,367 10,323 |
|
| 10,371 10,367 0 3 0 0 |
|
| 0 4 180 285 |
|
| 180 285 |
|
| 180 289 1,440 712 |
|
| 1,440 712 |
|
| 1,440 712 (1,260) (423) 2,815 3,238 |
|
| 1,556 2,815 0 4 1 14 |
|
| 2 18 1,760 — |
|
| 1,760 — |
|
| 1,762 18 3,015 65 |
|
| 3,015 65 |
|
| 3,015 65 (1,253) (47) |
Page 9
| Brought forward balance Carried forward balance L-Choir - Choir Fund (Designated) Receipts Incoming resources from generated funds 192 - Choir Interest HSBC 193 - Choir Interest CBF Total Incoming resources from generated funds Total Receipts Payments Church Administration 197 - Choir RSCM Fee 198 - Choir Robes & Other Expenses Total Church Administration Total Payments Excess of Incoming resources over Resources used Brought forward balance Carried forward balance M-Flower - Flower Fund (Designated) Receipts Incoming resources from generated funds 200 - Flower Interest HSBC Total Incoming resources from generated funds Voluntary income 201 - Flower Donations Total Voluntary income Total Receipts Payments Church Administration 209 - Cost of Flowers Total Church Administration Total Payments Excess of Incoming resources over Resources used Brought forward balance Carried forward balance N-ParishCl - Parish Clerk Fund (Restricted) Brought forward balance Transfers to/(from) Carried forward balance |
7,165 7,212 |
|---|---|
| 5,912 7,165 0 0 0 2 |
|
| 0 3 |
|
| 0 3 110 107 — 45 |
|
| 110 152 |
|
| 110 152 (110) (149) 801 950 |
|
| 691 801 0 2 |
|
| 0 2 50 396 |
|
| 50 396 |
|
| 50 398 114 60 |
|
| 114 60 |
|
| 114 60 (64) 337 1,998 1,660 |
|
| 1,934 1,998 205 369 — (165) |
|
| 205 205 |
Page 10
| O-YClubC - Youth Club Fund (Restricted) Receipts Incoming resources from generated funds 221 - Youth Club Interest CBF Total Incoming resources from generated funds Total Receipts Excess of Incoming resources over Resources used Brought forward balance Carried forward balance |
0 4 |
|---|---|
| 0 4 |
|
| 0 4 0 4 912 908 |
|
| 913 912 |
Page 11
Balance sheet Totsl fllDds Prior vear funds Fixell assets Investmeots 350,000 350.000 250,000 250.000 Current assets Debto InvesbY*nts Cash at bank aTrJ in hand 2.0 3.921 104.811 110,732 3.500 3.921 132,758 140.179 Net Guwrent assets less current liabilltles 110.732 140.179 Total assets less current liabilities 460.732 390,179 Total netassets less liabilitios 460,732 390,179 Representsd by Unrestrr¢ted General ftjnd 17.056 11.416 Designated Hall & Sunday School FuTrJ Flower Fund Sotyal Commitiee FuTrJ Fabric Fund cY ExkEnse Fund T M Baxter Fund Dunbar Trust Fund Birthday Fund Otgan Fund Chr Fund 17.535 1.934 1,026 394.842 6.076 543 2.074 22.601 1,998 772 322.560 6,076 512 1,978 2.815 7,165 801 5,912 8ell Fund Pansh Ckrk Fund Youth Club Fund 10.371 205 913 10,367 205 912 Funds ofthe church 460.732 390,179 value of investrrents as at 31 Dernber 2021 wrds asfol¢yAE'. Brownity Trust {CrgY Exp. Furvj) 3703 CBF Invest. Shares E.C. Dunbar Memorial Trust 161 Investment Share5 Thomas Moore Baxter Memorral Trust 57 COIF Shares Fabric Fund CBF Investsnert FuTrJ 6rffi.92 shares I79.83 shaB51 86.601 75,714 3,292 1.024 326.490" 1.171 353.843 Approved by the PCC on 3 Febnrary 2022 chairnn Father ChristothrAtkin80n Ttsasurtr Alan G paYe Page 5
Independent Examiner's Report to the Boume Parochial Church Council of The Parish & Abbey Church of St Peter and St Paul. I report on the accounts for the year ended 31 Dernber 2021 which are set out on the annexed pages. Respective responsibilities of the Trustees and Independent Examiner The charity's tnjslees consider that an audit is not required for this year under section 144{2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed. It is rny responsibility to.. examine the accounts under section 145 of the 2011 Act; follow the procedures laid down in the General Directions given by the Charity Commissioners section 145{5)(b) of the 2011 Act- and state whether particular matters have come to my attention. Basis of Independent Examine5 Statement My examination was carried out in accordance with the General Directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of Ihe accounts presented with those records. It also includes consideration of any unusual iterns or disclosures in the accounts and seeking explanalions from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audff(. and consequently I do not express an audit opinion on the accounts. Independent Examine¢s Statement In connection with my examination. no matters have come lo my attention.. which give me reasonable cause to believe that in any material respect the requirements to keep accounting records in accordan with s.130 of the 2011 Act" or to prepare accounts which accord with these accounting records have not been met., or 2. to which, in my opinion, auention should be drawn in order to enable a proper understanding of the accounts to be reached. Hazel Bell, FCCA 16 Great Northem Gardens. Boume Date: Lk" IQIL