2021-12-31-accounts

		Page
Trustees' annual report
Independent examiner's report to the trustees
Statement offinancial	activities
Statement offinancial	position
Notes to the financial	statements

Reference and administrative	Reference and administrative	Reference and administrative	details
Registered	charity	name	The Parochial	Church			Council OfStPaul's Church,
			Weston-super-Mare
Charity registration		number	1132828
Principal office			Walliscote Road
			Wanton-super-Mare
			BS231EF
The trustees
			R Cromwell (Resigned				01/08/2021)
			A Roberts
			TTaylor
			ITodd
			N Jones (Resigned			17/05/2021)
			N Mabass
			Rev CSinclair
			D Hollby
			J Williams
			D Byrom
			J Devereux
			KHayward
			CTrait
			M Ball (Resigned		08/09/2021)
			F Pimm
			G Parry
			H Johnson
			KTodd
			FTarnuton
			S McKechnie
			2Jennings (Appointed				17/05/2021)
			D Hill (Appointed		07/1		1/2021)
Independent	examiner		P Lomax, FCA
			Tallford House
			38Walliscote Road
			Weston-super-Mare
			North Somerset
			BS231LP

				2021	2021		2020
			Unrestricted	Restricted	Endowment
			funds	funds	funds	Totalfunds	Totalfunds
		Note	E	E	E	E	E
Income and endowments
Donations and legacies Charitable activities Other trading activities Investment Income		4 5 6 7	260,828 14,039 11,013 10	5,491 102 37		266,319 14,141 11,013 47	286,090 34,844 7,881 376
Other Income		8	1,691			1,691	8,421
Total income			257,581	5,630		293,211	337,392
Expenditure
Expenditure on raising funds:
Costs ofraising
donations and
legacies		9					223
Costs ofother
trading adivities		10	1,876			1,876	3,825
Expenditure on
charitable aciivities		11,12	312,591	7,302		319,893	329,636
Other expenditure		13	42			42	128
Total expenditure			314,509	7,302		321,811	333,810
Net gains/(lasses) on
investments		14			15,800	15,800	(11,710)
Net expenditure			(26,928)	(1,672)	15,800	(12,800)	(8,128)
Transfem between	funds		3,454	(3,454)
Net movement in funds			(23,474)	(5,126)	15,800	(12,800)	(8,128)
Reconciliation offunds
Total funds brought	forward		822,184	33,782	109,006	964,972	973,100
Total funds carried	forward		798,710	28,656	124,806	952,172	964,972

			2021	2020
		Note	6	6
Fixed assets
Tangible fixed assets		19	676,451	682,957
Investments		20	124,807	109,007
			801,258	791,964
Current assets
Debtors		21	8,195	23,102
Cash at bank snd in	hand		150,992	175,059
			159,187	198,161
Creditors: amounts	falling due within one year	22	8,273	20,953
Net curmnt assets			150,914	177,208
Total assets less current liabilities			952,172	969,172
Creditors: amounts	falling due after more than one year	23		4,200
Net assets			952,172	964,972
Funds ofthe chadity
Endowment funds			124,806	109,006
Restdicted funds			28,656	33,782
Unrestricted funds			798,710	822,184
Total charity funds		24	952,172	964,972

				Unreshicted	Restricted	Total Funds
				Funds	Funds	2021
				E	E	E
Donations
Covenaled		giving		137,946		137,946
Envelope	scheme			3,749		3,7497
Income tax recovered Loose collections Donations				38,831 2,9'I3 53,480	3,685	38,831/ 2,9134 57,165 '
Christian	aid fund and stewardship			4,147		4,147
Legacies
Legacies				500		500
Grants
Grants				19,262	1,806	21,068
				260,828	5,491	266,319
				Unrestricted	Restricted	Total Funds
				Funds	Funds	2020
					E	E
Donations
Covenanted			giving	135,940		135,940
Envelope	scheme			8,361		8,361
Income tax		recovered		47,001	630	47,631
Loose collections				4,493		4,493
Donations				37,408	11,296	48,702
Christian	aid		fund and stewardship	4,104		4,104
Legacies
Legacies				2,956		2,956
Grants
Grants				18,835	15,068	33,903
				259,096	26,994	286,090

Charitable acti	vities
			Unresfricted	Restricted	Total Funds
			Funds f	Funds E	2021 f
Fees, weddings	and funerals		3,909		3,909
Income from charitable		events	10,130	102	10,232
			14,039	102	14,141
			Unrertdcted	Restricted	Total Funds
			Funds	Funds	2020
			E	E	E
Fess, weddings	and funerals		4,865		4,865
Income from charitable		events	28,524	1,455	29,979
			33,389	1,455	34,844

			Unrestricted	Total Funds	Unrestricted	Total Funds
			Funds	2021	Funds	2020
			E	E	E	E
	Hall letlings		11,013	11,013	7,661	7,661
7.	Investment	Income
				Unrestdcted	Restricted	Total Funds
				Funds	Funds	2021
					E	E
	Bank interest	received		10	37	47
				Unrestricted	Restricted	Total Funds
				Funds f	Funds E	2020 E
	Bank Interest received			79	297	376

Other In	come
		Untastricted	Restricted	Total Funds
		Funds	Funds	2021
		E	E	E
Other income		1,691		1,691
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
		E	E
Other income		7,671	750	8,421
Furlough	income received ofE1,691 (2020E7,671).

Costs	of raising	donations and	legacies
			Restricted	Total	Funds	Restdcted	Total	Funds
			Funds		2021	Funds		2020
			6		E	E
Quay	fundraising	costs				223		223

Costs ofo	ther	trading activities
			Unrestricted	Total Funds	Unrestrlded	Total Funds
			Funds	2021	Funds	2020
			E	E	E	E'
Fees, weddings		and funerals	1,836	1,836	2,802	2,802
Operations	expenditure		40	40	1,023	1,023
			1,876	1,876	3,825	3,825

Expsndltum on charitable activit	ies by fund type
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2021
	E	E	E
Main activities	310,791	7,302	318,093
Support costs	1,800		1,800
	312,591	7,302	319,893
	Unrestricted	Restricted	Total Funds
	Funds	Funds	2020
	E	E
Main activities	321,457	6,919	328,376
Support costs	1,260		1,260
	322,717	6,919	329,636

Expenditure	on charitable a	ctivities by activity type
		Activities
		undertaken	Support	Total funds	Total fund
		directly	costs	2021	2020
		2		8	6
Main activties		318,093		318,093	328,376
Governance	costs		1,800	1,800	1,260
		318,093	1,800	319,893	329,636

Expenditure on main ac	tivities
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2021
		5		5
Donations		20,724	1,762	22,486
Wages		121,090	2,371	123,461
Light and heat		13,515		13,515
Repairs and maintenance		8,489	2,838	11,307
Insurance		4,603		4,603
Telephone		1,825		1,825
General expenses		16,710	31	16,741
Depreciation		15,265		15,265
Parish share		104,567		104,567
Worship group and padish expenses		2,058	300	2,358
Training and advertising	costs	1,965		1,965
		310,791	7,302	318,093
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
		6	5	5
Donations		21,162		21,162
Wages		107,664	868	108,532
Light and heat		13,285		13,285
Repairs and maintenance		10,004		10,004
Insurance		4,691		4,691
Telephone		1,901		1,901
General expenses		23,819	5,000	28,819
Depreciation		15,137		15,137
Parish share		105,902		105,902
Worship group and parish experises		7,425	1,051	8,476
Training and advertising	costs	10,467		10,467
		321,457	6,919	328,376

13.	Other expen		it	ure
									Unrestricted			Total	Funds	Unrestr/cted		Total Funds
									Funds				2021		Funds	2020
										5			K		2
	Loan interest										42		42		126	128
14.	Net gains/(losses)				on investments
									Endowment			Total	Funds	Endowment		Total Funds
									Funds				2021		Funds	2020
										5					6
	Gains/(losses)			on other		Investment
	assets								15,800				15,800		(11,710)	(11,710)
15.	Net expenditure
	Net expenditure			is stated			after charging/(crediting):
															2021	2020
															6
	Depreciation		of	tangible		fixed assets									15,265	15,137
16.	Independent		examination				fees
															2021	2020
															6
	Fees payable		(othe Independent					examiner for:
	Independent	examination					ofthe financial statements								1,260	1,260
17.	Staffcosts
	The total staff		costs		and	employee		benefits forthe			reporting period are analysed as					follows:
															2021	2020
															6	5
	Wages and salaries														123,461	108,532
	The average	head count				ofemployees			during the	year		was 8(2020:7).
	No employee		received employee					benefits ofmore than				280,000 during the			year (2020:Nil).

No trustee expenses have been incurred Tangible fixed assets	orreimbursed.
	Long
	leasehold	Plant and
	properly 6	machinery 6	Total 6
Cost
At 1January 2021	618,296	225,738	844,034
Additions	5,399	3,359	8,758
At 31December 2021	623,695	229,097	852,792
Depreciation At 1 January 2021	233	160,844	161,077
Charge forthe year	1,313	13,951	15,264
At 31December 2021	1,546	174,795	176,341
Carrying amount
At 31 December 2021	622,149	54,302	676,451
At 31December 2020	618,063	64,894	682,957

Yea	r ended 31	De	ce	mber 2021
20.	Investments
						Other
						Investments
						8
	Cost or valuation
	At 1 January2021					109,007
	Additions
	Fair value movements					15,800
	At 31 December		2021			124,807
	Impairment
	At 1 January	2021 and 31December 2021
	Canying amount
	At 31 December		2021			124,807
	At 31 December 2020					109,007
	All Investments	shown above are held at valuation.
21.	Debtom
					2021	2020
					8
	Trade debtors				4,051	1,581
	Prepayments	and	accrued income		993	2,520
	Other debtors				3,151	19,001
					8,195	23,102
22.	Credltom: amounts			faglng due within one year
					2021	2020
					8	8
	Trade creditors				4,073	16,753
	Boiler loan owed		in next 12 months		4,200	4,200
					8,273	20,953
23,	Creditors: amounts			falling due aner more than one year
					2021	2020
					5	6
	Boiler loan					4,200

								Gains
		At						and		At
		1 Jan 2021	Income	Expenditure		Transfem		losses	31Dec 2021
		E	E		E		E	E	E
Unrestrbted	funds	686,140	287,208	(313,027)			19,562		679,883
Designated	- Inspire
Foyle		1,027							1,01	9
Designated	-. Quay	128,989				(13,238)		—	115,751
Designated	-DHD	1,913			(104)				.1,809
Designated	- Live
stream		2,870					(2,870)
Designated	- Martin
Lewis grant		1,245			(997)				248
		822,184	287,208	(3'l4,136)			3,454		798,710
									At 31 Dec
		At 1 Jan 2020	Income		Expenditure		Transfers		2020
		F.	E			E		E	E
Unrestricted	funds	667,742	281,673		(322,469)			59,194	686,140
Designated	- Inspire
Foyle		1,303				(276)			1,0027
Designated	-Quay	158,989						(30,000)	128,989
Designated	-DHD	1,966				(53)			1,913
Designated	- Live
stream			21,223			(115)		(18,238)	2,870
Designated	- Martin
Lewis grant			5,000		(3,755)				1,245
		830,000	307,896		(326,668)			10,956	822,184

			At					Gains		At
		1Jsn						snd	31	Dec
		2021		Income	Expenditure Transfers			losses	2021
		6		f.		6	2	6		6
Restricted	- Quay	9,672		2,062		(38)			11,696
Restdcted	-V46llnspire	1,001								1,000
Restricted	- Church Plants	8,909								8,910
Restricted	- Safehaven		300			(300)
Restdicted	- Inspire
Quartet				1,805						1,806
Restricted	- Allchurches	13,900				(5,202)	(3,454)	—		5,244
Restricted	- Agency
donation	collections			1,762		(1,762)
		33,782		5,630		(7,302)	(3,454)		28,656
			At						At 31Dec
		1Jan	2020 5	Income f		Expenditure f	Transfers 5			2020 f.
Restricted	—Quay		10,286	9,630		(223)	(10,021)			9,672
Restricted	- V4S(inspire		1,652			(651)				1,001
Restricted	- Church
Plants			9,511	4,798		(5,400)				8,909
Restricted	—Lighthouse		935					(935)
Restricled	—Inspire
Salary					888	(868)
Restricted	- Sefehaven				300					300
Restricted	—Allchurches			13,900					13,900
		22,384		29,496		(7,142)	(10,956)		33,782

Endcwmentfunds
			At				Gains and		At
	1	Jan	2021	Income	Expenditure	Transfers	losses		31 Dec 2021
			E	E	E	E	E
Endowment		109,006					15,800		124,806
			At				Gains and		At
	1	Jan	2020	Income	Expenditure	Transfers	losses		31 Dec 2020
			E	E	E		E		E
Endowment'		120,716					(11,710)		109,006
Analysis ofnet assets between				funds
				Unrestricted		Restricted	Endowment	TotalFunds
					Funds	Funds	Funds		2021
					E	E			E
Tangible fixed assets					676,451				676,451
Investments					1		124,S06		124,807
Cunent assets					130,531	28,656			159,187
Creditors less than	1	year			(8,273)				(8,273)
Creditors greater than		1 year
Net assets					79&,710	28,856	124,806		952,172
				Unrestricted		Restricted	Endowment		Total Funds
					Funds	Funds	Funds		2020
					E	E	E		E
Tangible fixed assets					682,957				682,957
Investments					1		109,006		109,007
Cunent assets					164,379	33,782			198,181
Creditors less than	1 year				(20,953)				(20,953)
Creditors greater than		1year			(4,200)				(4,200)
Net assets					S22,184	33,782	1o9,o08		964,972

				Value at	Value at	End of
				31Dec	31 Dec	accumulation
				2021	2020	period
				E	8
M&G	Charibond	(270	units)	11,426	11,596	15eJuly 2040
MRG MEG	Charibond Chariyund	(294 (348	units) units)	12,442 100.938	12,626 84,784	22"a July 2040 15eJuly 2040
				124,806	109,006