2021-12-31-accounts

within the	Parish of	Lo	uth:
				tU IQ IJ		Ql Qt	00 Qtt IJJ				0 Qt	0 C c	JU IQ QQ		Qt 0 0	IQ IQ Ql CL	0	IU	0 M '0 CU
				I/I			t/I
Oratory
Civic church
	Gathered
	worship
Local	Baptistry
chapels	Marriage					0
	Buriai
Almonry
Hospital							0
			KEVIGS	SMS		LGS	GHS
Study/	Schools		Kidgate			StB
Education			LGS
	Discipleship												0
Retreat/grange
Shrine
			Chapels
Community	space		0	0	~+ youth
Code: ~—Significant		activity for development				0 —Subsidiary			part	of	activity	+ —possible				area	for development
HOW: Becoming			fully alive
In order to live life fully, we will seek					to structure		our life		as a community			and		the activities			which are		a part		of it
to encourage everyone			to consider		four	elements		of Christian			living appropriately				expressed			in people's			lives
and suited	to their context:
WHOLE-LIFE tlVING: becoming:, :fullyt.							alive
.Four	+ PRAYER gt'WORSHIP				in.the,presence ofGod						+STUI3Y-to			deepen		our	experience
:elements	+ FELLOWSHIP with:-.those					who travel		alongside		us	+SERVICEto others					in our'communities				'

The following	people	have been members ofthe PCC	during the period being reported:	during the period being reported:	during the period being reported:
Licensed clergy:		The Reverend Cameron Watt (Chair) from 15' June 2021
		The Reverend Robert Mansfield
		The Reverend Arabella Milbank	Robinson
Readers:		Dr Paul Hill
		Mrs Sylvia Pounds
Churchwardens:		Mr Charles Dobson		Mrs Dorothy	Mansfield
		Mr Tony Doherty		Mrs Harjinder	Gurnham
		Mr Alistair Kerr (until 22" July	2021)	Mrs Jane Rushby
		Mrs Rebekah Stubbs (from 22"	July 2021).	Mrs Sylvia White
Deanery Synod:		Mr Mike Crosby (Treasurer and Lay Vice-chair) (St.James)
		Mr Tony Doherty (South Elkington)
		Mr Peter Taylor (Welton le Wold) (from 22"		July 2021)
		Dr Paul Hill (St.James)
		Mr Malcolm Locking (Stewton)
Elected Members:		Mrs Barbara Dales (St.Michael's)
		Mrs Jill Day (South Elkington)
		Mr Peter Taylor (Welton le Wold)
		Mrs Lesley Lewis (Stewton)
		Mrs Tiffany Noden (St.James)

		Page
Statement of	Financial Activities
Balance Sheet
Notes tothe Financial Statements		3to 7
Independent	Examiner's Report

		Unrestricted	Resutcted	Endowment
	Note	Funds	Funds	Funds	Total 202t	Total 2020
		E	E	E	E	E
INCOMING RESOURCES
Voluntary Income	2a	105,932	48,350		154,282	256,760
Activities for generating Funds	2b	14,588	1,758		16,346	3,138
Income from Investments	2c	29,613	5,642		35,255	35,536
Income from church activities	2d	52,606	1,474		54,080	42,481
Other Incoming resources	28	1,017	517		1,534	21,539
Sale offixed assets	2f	744			744
TOTAL INCOMING RESOURCES		204,500	57,741		262,241	359,454
RESOURCES EXPENDED
Church Activities	3a	205,482	88,719		294,201	271,206
Fund Raising Costs	3b	3,236	10		3,246	4,771
Governance	3c	1,960			1,960	1,924
Other Resources expended	3d	344	167		511	9,327
TOTAL RESOURCES EXPENDED		211,022	88,896		299,918	287,228
NET INCOMING RESOURCES BEFORE
OTHER RECOGNISED GAINS AND LOSSES		-6,522	-31,155		-37,677	72,226
NET (LOSS)/GAIN ON INVESTMENTS		56,871	71,876	3,890	132,637	8,252
NET INCOMING RESOURCES		50,349	40,721	3,890	94,960	80,478
ADJUSTMENT		2,553			2,553
NET MOVEMENT IN FUNDS		52,902	40,721	3,890	97,513	80,478
BALANCES 8/FWD 1JANUARY 2021	8,9,10	589,009	269,641	30,085	888,735	808,257
BAlANCES C/F 31DECEMBER 2021	8,9,10	641,911	510,362	53,975	986,148	888,755

			Notes	2021	2020
				E	E
FIXED ASSETS
Tangible			Sa	4,264	4,283
Investments			5b	656,358	529,191
				660,622	533,474
CURRENT ASSETS
Debtors			6	10,388	535
Short Term Deposits				88,324	69,116
Cash at bank and in hand				228,890	290,957
				327,602	360,608
LIABILITIES
Creditors - due in one year				1,976	5,347
NET CURRENT ASSETS/LIABILITIES				325,626	355,261
Total Assets less current	Liabilities			986,248	888,735
Creditors - due after one	year
TOTAL NET ASSETS				986,248	888,735
PARISH FUNDS
Unrestricted			8,9&10	641,911	589,009
Restricted			8,9&10	310,362	269,641
Endowment			8,9&10	33,975	30,085
				986,248	888,735
Signed on behalf ofthe board oftrustees		by:
Cameron Watt				22rtfrsfr	2C722
				Date
Jennifer Goodwin				Z2Xyrav	2r722
				Date
				Page 2

				Unrestricted	Restricted	Endowment
3	RESOURCES EXPENDED			Funds	Funds	Funds	Total2021	Total2020
3(a)	Church Activities
	Missionary and Charitable		Giving	654				1,472
	Ministry: Diocesan Parish		Share	42,358	12,642		55,000	54,659
	Ministry Costs			1,280			1,280	1,758
	Church Running expenses			42,279	2,640		44,919	48,256
	Church Maintenance			7,549	10,284		17,833	10,149
	Upkeep ofservices			4,962			4,962	2,157
	Wedding and Funeral	fees						47
	Depreciation/equipment			2,049	200		2,249	23
	Church Yard Up keep			694			694	241
	Church Hall Running	Costs		35,247	519		35,766	32,031
	Major Repairs Church			879	22,381		23,260	11,804
	Major Repairs Hall							3,020
	Sank Charges			235			235	186
	Staff Costs			62,323	31,753		94,076	86,909
	Community and parish project			4,973	8,260		13,233	18,494
				205,482	88,719		294,201	271,206
3(b)	Fund Raising Costs
	Coffee Morning Costs/refreshments			2,346			2,346	1,962
	Other fund raising costs			890	10		900	2,809
				3,236	10		3,246	4,771
3(c)	Governance			1,960			1,960	1,924
3(d)	Other Resources expended				167		511	9,327
				211,022	88,896		299,918	287,228
4	STAFFCOSTS			2021	2020
				E	E
4(aj	wagesand salaries			94,076	66,909

5	FIXEDASSETS	FIXEDASSETS
				Church	Church
5(a)	tangible			Equipment		Halls		Total
				E
	Actual Cost/NBV		At 1January 2021		128	4,155		4,283
			Net Disposals/ Additions
			less depreciation		(19)				(19)
			At 31December 2021		109	4,155		4,264
5(b)	Investments
	The majority	ofInvestments are held in the CBFChurch of England				Investment		Fund.	During the year
	investments	ofE6,177were liquidated		(last year E5,870	was liquidated).		The	market	value at 31
	December 2021		was 6656,358(2020E529,191)which represents			investments		for:

		E
Unrestricted	Funds	451,228
Restricted Funds		171,155
Endowment	Funds	33,975
		656,358

		Unrestricted	Restricted	Endowment	Total 2021
		E	E	E	E
StJames'		61,751	98,903	31,309	191,963
St Michael's		8,560	8,291		16,851
South Elkington		41,271	5		41,276
Holy Trinity		11,514	98,401		109,915
Trinity Centre		52,497	65,251		117,748
StAndrew' s, Stewton		16,397	31,510		47,907
St Martin' s, Walton	le Wold	6,709	6,790		13,499
Parish		443,212	1,211	2,666	447,089
Balance 31December 2021		641,911	310,362	33,975	986,248

SUMMARY	OF FUND MOVEMENTS
		Unrestricted	Restricted	Endowment	Total 2021
		E	f	f	f
Balance 1January 2021		589,009	269,641	30,085	888,735
Incoming resources		204,500	57,741		262,241
Resources expended		211,022	88,896		299,918
Investment	gains	56,871	71,876	3,890	132,637
Adjustment		2,553			2,553
Balance 31	December 2021	641,911	310,362	33,975	986,248
ANALYSIS	OF ASSETS BYFUND
		Unrestricted	Restricted	Endowment	Total 2021
		f	f	f	f
Tangible Fixed Assets		109	4,155		4,264
Investment	Fixed Assets	451,228	171,155	33,975	656,358
Current Assets		192,550	135,052		327,602
Liabilities:
	due in one year	1,976			1,976
	due after one year
		641,911	310,362	33,975	986,248