## **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 c￿￿Y ExkEnse Fund T M Baxter Fund Dunbar Trust Fund Birthday Fund Otgan Fund Ch￿r 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 De￿rnber 2021 wrds asfol¢yAE'. Brownity Trust {C￿rgY 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 I￿79.83 shaB51 86.601 75,714 3,292 1.024 326.490" 1.171 353.843 Approved by the PCC on 3 Febnrary 2022 chairn￿n Father ChristothrAtkin80n Ttsasurtr Alan G paY￿e 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 De￿rnber 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 Examine￿5 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