2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of Emmanuel Loughborough

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

	CONTENTS
		Page
Legal and	administrative information
Parochial	Church Council's report	2-6
Independent Examiner's report
Statement	of Financial Activities
Balance Sheet
Notes to	the financial statements	10-21

LEGAL AND A	DMINISTRATIVE INFORMATION
	1132853(registered in England &Wales)
	Emmanuel Church Centre
	Forest Road
	Loughborough
	Leicestershire, LE11 3NW
Rev MJ.Broadley	Incumbent and Chairman
Rev 5 Harvey	Associate Rector (seconded to St David's Broom Leys for
	6months from 15'" November 2020) until	11'"July 2021
L Collins	Church Warden
E.M. Featonby	Church Warden (until 27'" April 2021)
D. Ninan	Elected Member and (since 27th April 2021)Church
	Warden
J.H. Walker	Representative on Deanery Synod, elected member of
	Diocesan Synod and (until 31"July 2021)General Synod
S.G Barney	Reader, (tJntil resignation as reader &trustee	on 23"4
	November 2021), Chair ofthe Diocesan Board	ofFinance &
	Representative on Diocesan and Deanery Synods (until
	resignation on 25'" February 2021)
CJ.Sheldon	Representative on Diocesan and Deanery Synods (until 13'"July
	2021), Elected Member (since 27'" April 2021)and (since 23"
	November 2021)Treasurer
J.M. Burnard	Representative on Deanery Synod
N.J.Revell	Representative on Deanery Synod
Dr C.T.Spencer	Reader, Lay Chair of Deanery Synod, Lay Canon of
	Leicester Cathedral and PCC Safeguarding	Lead
A. Howlett	Elected Member and (from 23"January 2021) Reader
E.J.Hassall	Elected Member
LJ.Howlett	Elected Member (since 27'" April 2021)
Dr A.J.Leishman	Elected Member
Dr T.l. Marjoribanks	Elected Member
F.Monsuur	Elected Member
A.J.Overton-Brown	Elected Member
S.E.Reynolds	Elected Member
M.B.Riddleston	Elected Member
S.Ryce	Elected Member (since 27'" April 2021)
K.A. Leishman	Co-opted Member and Treasurer (until 23'" November 2021)
S.Crewe	PCC Secretary and Co-opted Member
	R Buckby FCA
	Fortus Midlands Limited
	Hamilton Office Park
	31 High View Close
	Leicester, LE49LJ
	CAF Bank Ltd
	25 Kings Hill Avenue
	Kings Hill, West Mailing
	Kent, ME194JQ

			Unrestricted	Unrestricted	Funds		Restricted	2021	2020
			General	Designated		Total	funds	Total	Total
			6		E	E	6	6	6
Income from:		Notes
Donations and legacies		2			425	227,045	17,310	244,355	278,256
Charitable activities		3				46,203	34,487	80,690	56,675
Other activities		4				30,194		30,194	22,903
investments		5				103		103	494
Total			303,120		425	303,545	51,797	355,342	358,328
Expenditure on:
Raising funds		6	31,517		4,132	35,649		35,649	29,139
Charitable activities		7	289,378		30	289,408	49,627	339,035	337,040
Total			320,895	4,162		325,057	49,627	374,684	366,179
Net income/ (expenditure)			(17,775)	(3,737)		(21,512)	2,170	(19,342)	(7,851)
Transfers between funds		17	(274,000)	274,000
Revaluation gains		16							5,000
Net movement	in funds		(291,775)	270,263		(21,512)	2,170	(19,342)	(2,851)
Reconciliation offunds:
Total funds
broughtforward			572,942	83,330		656,272	19,805	676,077	678,928
Totalfunds
carded forward		14 &15	281,167	353,593		634,760	21,975	656,735	676,077

						2020
			Notes	6		6	6
Fixed assets
Tangible assets					281,019		573,262
Current assets
Debtors			10	9,908		12,107
Cash at bank	and in hand		11	405,762		152,770
				415,670		164,877
Creditors falling due within
one year			12	f39,954)		I62,062)
Net current	assets				375,716		102,815
Net assets					656,735		676,077
Funds ofthe	charity
Restricted funds			14		21,975		19,805
General fund			15	141,167		235,252
Designated funds			15	353,593		83,330
Revaluation	reserve		16	140,000		337,690
Total unrestricted		funds			634,760		656,272
Total funds					656,735		676,077

Income from donations	and legacies
		Unrestricted	Funds		Restricted	2021	2020
	General	Designated		Total	funds	Total	Total
			E	E		E	E
Planned giving	160,895		350	161,245	10,861	172,106	177,149
Gift aid	41,217		75	41,292	2,749	44,041	49,537
Plate collections	1,732			1,732		1,732	1,844
Sundry donations	22,773			22,773	1,534	24,307	41,439
Interest from HMRC				3		3	6
Legacies							5,000
Project 5000					2,166	2,166	3,281
	226,620		425	227,045	17,310	244,355	278,256
Income from donations	and legacies in the	prior year included 6904to designated			funds income and F31954to restricted
funds income.
Income from charitable	activities
		Unrestricted	Funds		Restdicted	2021	2020
	General	Designated		Total	funds	Total	Total
			E	E		E	E
Fees	2,655			2,655		2,655	801
Kitchen	156			156		156	256
Grants	42,284			42,284	6,608	48,892	35,289
Concerts	653			653		653	2,090
Bookstall							72
Social events							589
Youth work	315			315		315	496
Youth football team					27,879	27,879	16,020
Sundry mcome	140			140		140	1,062
	46,203			46,203	34,487	80,690	56,675

				Unrestricted	Funds		Restricted	2021	2020
			General	Designated		Total	funds	Total	Total
					E				E
Church	Centre	lettings	8,530			8,530		8,530	4,345
Church	Hall lettings		16,197			16,197		16,197	8,816
Otherlettings									7,279
Office	&other	income	5,467			5,467		5,467	2,463
			30,194			30,194		30,194	22,903

Incom	e from	investments
				Unrestricted	Funds		Restricted	2021	2020
			General	Designated		Total	funds	Total	Total
			E		E	E		E	E
Bank	interest	receivable	103			103		103	494

				Unrestricted	Funds		Restricted	Restricted	2021	2020
			General	Designated		Total	funds		Total	Total
			E		E	E		E
Stewardship and appeal
costs			118			118			118	89
Church Hall running		costs	7,855			7,855			7,855	4,923
Church Hall maintenance			85			85			85	573
Office and management
cost's			23,459			23,459			23,459	23,554
Legal &professional		fees			4,132	4,132			4,132
			31,517		4,132	35,649			35,649	29,139
All expenditure	on	raising funds	in the prior	year was unrestricted		and undesignated.
Expenditure on	charitable activities
				Unrestricted	Funds		Restricted		2021	2020
			General	Designated		Total	funds		Total	Total
			E		E
Missionary and	charitable
giving (note 7a)			22,669			22,669	5,048		27,717	27,696
Parish gift			114,900			114,900			114,900	117,096
Clergy expenses			3,328			3,328		787	4,115	4,675
Clergy houses			685			685			685	467
Church running	(light, heat,
insurance etc)			26,591			26,591	5,318		31,909	35,184
Repairs and other costs			3,838			3,838			3,838	4,308
Church Hall running		costs	7,855			7,855			7,855	5,249
Church Hall maintenance			84			84				574
Youth and children's		work	37,054			37,054		26	37,080	29,019
Youth football team							22,311		22,311	18,382
Music team			19,073			19,073		172	19,245	22,539
Outreach &Alpha			13,215			13,215		657	13,872	1,642
Internship costs										900
Project 5000							1,166		1,166	782
Social								303	303	220
Concerts			231			231			231	1,604
Publicity			750			750		274	1,024	1,923
C/fwd to next page			250,273			250,273	36,062		286,335	272,260

Expenditure on	ch	arit	abl	e activiti	es (	contin	ued)
							Unrestricted	Funds		Restricted	2021		2020
					General		Designated		Total	funds	Total		Total
						E		E
8/fwd from previous			page		250,273				250,273	36,062	286,335		272,260
Office &administrative
costs					29,691				29,691	12,385	42,076		53,339
Kitchen						841			841			841	1,050
Depreaation					6,883				6,883	822	7,705		8,377
Bank charges						610		30	640	358		998	994
independent examination
fees					1,080				1,080		1,080		1,020
					289,378			30	289,408	49,627	339,035		337,040
All expenditure		on charitable			activities		in the prior	year was	unrestricted	and undesignated	apart from the		following:
											Designated		Restricted
												E	E
Missionary &charitable				giving									3,156
Parish gift													2,196
Clergy expenses												214	528
Church running	(light,		heat, insurance			etc)						762	5,462
Repairs and other		costs											39
Youth &childrens'		work											289
Youth football team													18,382
Music team													1,035
Outreach &Alpha													729
Project 5000													782
Social													145
Publicity													1,078
Office &Admmistrative				costs									23,821
Kitchen													204
Depreciation													1,097
Bank charges													439
												976	59,382

Missionary and cha	ritable giving
								2021	2020
		General		Designated		Restricted		Total	Total
			E		E		E	E	E
SOAR Project			3,600					3,600	3,500
Church Missionary	Society		4,250					4,250	4,252
The Bible Society			1,300					1,300	1,300
C/fwd to next Page			9,150					9,150	9,052

Include	d within the expenditure in	Notes 6and 7are	the follow	ing employme	nt costs:
							2021		2020
		General		Designated	Restricted	Total		Total
Staff costs			E	E	E		E		E
Wages	and salaries		111,854		10,163		122,017		117,533
Social security costs			4,405		387		4,792		2,864
Pension	costs (DC scheme)		6,390		610		7,000		6,517
			122,649		11,160		133,809		126,914

The average m	onthly number ofemployees (full and part time) during th	e year was as follows:
		2021	2020
		Number	Number
Office		3	3
Cleaners		2	2
Youth, children	and young families ministries	1	1
Other		2	1
		8	7

	Freehold land	Fixtures and
	and Buildings	Equipment	Total
	E	E
Cost or Valuation
At 1stJanuary 2021	560,000	78,431	638,431
Additions		9,774	9,774
Disposal	(285,000)	(11,511)	(296,511)
Revaluation (Note 16)
At 31st December 2021	275,000	76,694	351,694
Depreciation
At 1stJanuary 2021		65,169	65,169
Charge for the year		7,705	7,705
Depreaation on disposal		(2,199)	(2,199)
At 31stDecember 2021		70,675	70,675
Net BookValues
At 1stJanuary 2021	560,000	13,262	573,262
At 31stDecember 2021	275,000	6,019	281,019

Debtors
		2021	2020
		E	E
Accounts receivable		3,301	2,538
Gift aid recoverable		3,285	4,537
Prepayments	and accrued income	2,597	4,476
Other debtors		725	556
		9,908	12,107
Cash at bank	and in hand
		2021	2020
		E	E
PCC reserve fund bank account		373,810	128,707
PCC general current bank accounts		26,712	23,858
Senior football team cash and bank			75
Junior football	team bank account	5,190
Cash balance		50	130
		405,762	152,770

Creditors: amounts falling due within	Creditors: amounts falling due within	Creditors: amounts falling due within	one year
				2021	2020
				6	E
Accounts payable				2,494	3,063
Accruals and deferred income				10,534	48,885
Unpaid tithe				711	6,049
Taxation and social security				2,039	2,165
Collections to be paid over to		others		444	488
Due to St Barnabas Grange	Park			22,452
Sundry creditors				1,280	1,412
				39,954	62,062
Deferred Income
				2021	2020
Balance brought forward				43,833	47,495
Grants added in current period
- Diocese funding (restricted	St Baranabas Grange Park)			4,957
-SDF&Growth Fund funding		(general	fund staff costs)	33,491	25,250
-SDF reimbursement ofexpenditure				4,368	3,290
-QRS &SSP reimbursement				5,755	3,113
Other income invoiced in advance				410	520
Amounts transferred to St Barnabas Grange Park				(45,062)
Amounts released to income				(41,461)	(35,835)
Balance carried forward				6,291	43,833

Restricted funds Analysis ofmovements	duding the CURRENT	reporting pediod
		At	Incoming	Outgoing	At
		1stJan 2021	resources	resources	31stDec2021
		E		E	6
Project 5000		9,563	2,321	(4,166)	7,718
Youth football		7,459	27,964	(22,483)	12,940
St Barnabas Grange Park		1,219	20,259	(21,478)
Student worker training	fund		844	(1,200)	(356)
Other restricted donations		1,564	409	(300)	1,673
		19,805	51,797	(49,627)	21,975

Analysis ofmov	ements during the PREVIOU	S reporting pediod
		At	Incoming	Outgoing	At
		1stJan 2020	resources	resources	31stDec2020
		E	E	E	E
Project 5000		6,678	3,667	(7&2)	9,563
Youth football		9,153	16,788	(18,482)	7,459
St Barnabas Grange Park		6,348	34,593	(39,722)	1,219
Other restricted	donations	1,660	300	(396)	1,564
		23,839	55,348	(59,382)	19,805

					At	Incoming	Outgoing	At
					1stfan 2021	resources	resources	31st Dec2021
					E		6
Designated	Reserve fund				60,000		(12,500)	47,500
Designated	Redecoration	fund			11,874		(11,874)
Designated	Redecoration	&Investment		fund		298,374	(4,162)	294,212
Designated	Church planting		fund		11,456	425		11,881
Total designated funds					83,330	298,799	(28,536)	353,593
General fund					235,252	513,310	(607,395)	141,167
Revaluation	reserve (note	16)			337,690		(197,690)	140,000
Total unrestricted funds					656,272	812,109	(833,621)	634,760

Analysis of	movements d	u	ring the PREVIOUS	reporting period
				At	Incoming	Outgoing	At
				1stIan 2020	resources	resources	31stDec2020
					E	f	E
Designated	Reserve fund			60,000			60,000
Designated	Appeal fund			544		(544)
Designated	Books fund			364		(364)
Designated	Redecoration	fund		10,000	1,874		11,874
Designated	Church planting		fund	10,415	1,653	(612)	11456
Total designated funds				81,323	3,527	(1,520)	83,330
General fund				241,076	301,327	(307,151)	235,252
Revaluation	reserve (note		16)	332,690	5,000		337,690
Total unrestricted funds				655,089	309,854	(308,671)	656,272

Analy	sis	ofmovements duding the CURR	ENT reporting period	ENT reporting period
			*t1st Disposal		in	At 31st
			Jan 2021 year			Dec2021
			E		E
Land	and	Buildings	337,690	(197,690)		140,000

b.	Analysis ofmovements du	ring the PR	EVI	OUS reporting	per	iod
						At 1st	Revaluation	At	31st
						Jan2020	inyear	Dec	2020
						E	E
	Land and Buildings					332,690	5,000	337,690
17	Transfers between funds
						Unrestricted	Designated	Restricted		Total
						E	E		E
	Transfer from general fund to designated			redecoration	&
	investment fund					(286,500)	286,500
	Transfer from designated	reserves fund		to general fund		12,500	(12,500)
	Transfer from designated	redecoration	fund to designated
	redecoration &investment	fund
	Transfer from revaluation	reserve to general fund
						(274,000)	274,000

Balance sheet analysis Balance sheet analysis	by fund type (CURRENT YEAR)
		General	Designated	Restricted	Total
		E	E
Fixed assets		281,019			281,019
Current assets		9,853		49	9,908
Cash at bank		29,416	353,587	22,759	405,762
Creditors		(39,121)		(833)	(39,954)
Net assets		281,167	353,593	21,975	656,735
Balance sheet analysis	by fund type (PREVIOUS YEAR)
		General	Designated	Restricted	Total
		E	E
Fixed assets		568,669		4,593	573,262
Current assets		9,527		2,574	12,107
Cash at bank		11,008	83,324	58,438	152,770
Creditors		(16,262)		(45,800)	(62,062)
Net assets		572,942	83,330	19,805	676,077