## **ANNUAL REPORT AND FINANCIAL STATEMENTS For the year ended 31st December 2021** The Parochial Church Council of the Ecclesiastical Parish of St Peter and St Mary Stowmarket The Parochial Church Council of St Peter & St Mary, Stowmarket Contents __________________________________________________________________________________ ## Contents and Charity Details ## Contents |Contents and Charity Details……………………………………………………………………………………|1| |---|---| |Trustees’ Report……………………………………………………………………………………………………...|2| |Independent Examiner’s Report………………………………………………………………………………|8| |Statement of Financial Activities……………………………………………………………………………..|9| |Balance Sheet………………………………………………………………………………………………………….|10| |Notes to the Financial Statements…………………………………………………………………………..|11| ## Charity Details Vicar: Rev’d Michael Eden Trustees: The Parochial Church Council Charity Commission Registration number: 1132857 (England and Wales) Principal Office: St Peter & St Mary’s Church Station Road West Stowmarket Suffolk, IP14 1ES Accountant: Geoff Mann FCIE Geoff Mann Limited Dee House Highworth Avenue Cambridge CB4 2BQ Principal Bankers: CAF Bank Limited 25 Kings Hill Avenue West Malling Kent, ME19 4JQ 2021 Annual Report Page 1 The Parochial Church Council of St Peter & St Mary, Stowmarket Trustee’s Report for the Year ended 31st December 2021 __________________________________________________________________________________ ## Trustees’ Report for the year ended 31 December 20 21 The Trustees, who are the members of the Parochial Church Council, submit their Annual Report and Financial Statements for the year ended 31st December 2021. The financial statements have been prepared in accordance with the relevant accounting policies and comply with Church Representation Rules, the Charities Act 2011 and Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their financial statements in accordance with FRS 102, as updated February 2016. ## Objectives, Activities, Achievement and Performance ## Main Activities The Parochial Church Council (‘PCC’) aims to promote in the parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. ## Public Benefit The PCC is aware of its duty to ensure that the charitable activities of the Church further its charitable objectives and that these activities are for the purpose of public benefit. A review of the activities is included in this Annual Report and gives details of the way in which this has been achieved. The activities undertaken above are given careful consideration by the Trustees against the Charity Commission’s guidance on public benefit. ## Achievements and Performance - Vicar’s Report In 2021 we have been picking up the pieces and trying to get back into some regular pattern of Church life whilst still coping with a global pandemic for a second year. We were grateful that our Church building was allowed to open for worship and for some of the time we also opened midweek for private prayer. We maintain our vision to be a welcoming, inclusive, vibrant, growing Church, with members of all ages, seeking God, open to the Holy Spirit, living out the gospel day by day; Rich in diversity, yet united in our service of Jesus Christ; Characterized by love, mercy and the joy of serving, where each member is encouraged to grow, and use their abilities and gifts. This has been a challenge as many of our Church members have been reluctant to risk meeting together face to face. As a Church our Strategic Plan is to put our vision into practice in the following 3 areas of Church life: - - 1) Open to God encouraging a deeper relationship with God; - - 2) Open Church being available to, and helping to meet the needs of, all sections of the community; - - 3) Open Invitation actively working to engage more people in the life of the Church. In ALL that we do we are continually looking for creative and sustainable ways to put into practice our ‘mission statement’ of ‘LETTING PEOPLE KNOW ABOUT THE LOVE OF JESUS CHRIST’. 2021 Annual Report Page 2 The Parochial Church Council of St Peter & St Mary, Stowmarket Trustee’s Report for the Year ended 31st December 2021 __________________________________________________________________________________ Worship and prayer are vital for the life of the Church and since the first lockdown we formed a pattern of gathering as one congregation on a Sunday morning, meeting at 10am. At the end of January PCC decided that Sunday Morning Worship would be online and this continued until Easter when we opened again for face to face meetin gs. As restrictions started to be lifted we introduced ‘zoning’ in Church with a designated area where the wearing of facemasks and social distancing remained compulsory. The Register of Church Attendance has been kept up to date but the figures do not reflect the number of people that we stayed in contact with, in 2021, so they have not been included in this report in full. At the Annual Parochial Church Meeting in April 2021, the Electoral Roll listed 120 (115 in 2020) members. Dan Sparks and Michelle Sparks were elected as Churchwardens and they and their children Joshua, Oliver and Isobel have been an invaluable help to the Church. Over the year the Church was involved with at least 91 (138) acts of worship of which 17 (44) included Holy Communion. There were 29 (30) funerals linked to the parish (of which 4 (5) were in Church), and we said goodbye to Pat Montgomery and David Last. We were unable to go into Care Homes to take Services. There were 5 baptisms and no weddings. Important work was begun to replace the bell frame in the Church Tower, repair the existing bells and add 3 new ones but Covid meant that the target completion date was not met. Progress of the Hospitality Area with Cafe, Crèche and Welcome Space at the West End of the Church began in June and had almost reached completion by the end of the year. Further improvements include screens that have been attached to the pillars in Church to upgrade our audio/visual provision. The Church relies on all the good work done by our volunteers in the Church Office and we thank Jane Stretch, Pat Wells and Charlotte Whyte who worked from home when not permitted to come onto the Church premises. St. Mary's Hall is the venue for St. Peter & St. Mary's Preschool which continued to open throughout, caring for the children of Key Workers. Our children's work continues with Little Fishes meeting either online or in the Church Hall and our Boys' Brigade and Girls Association Company managed to meet again on Tuesday evenings. Messy Church met on the 4th Sunday Morning of the month when permitted Under the first Lockdown, we arranged the Church Members into Geographical Groups of around 10 people living close to each other and this has continued as our main means of pastoral support. A Group Leader has kept in touch with all in their group and members themselves have maintained contact with each other. This has allowed us to give pastoral and practical help to those unable to leave their homes. The Clergy, Readers and Preachers Team continues to meet regularly online and one of our retired Clergy Rev’d Ian Hooper was able to resume activities in the final quarter of the year although Rev’d Raymond Gilbert did not due to health and for safety reasons. Most of the 7 House Groups have managed to meet in some form or another and, under the supervision of Heather Bunting, areas of study included the book ‘Unleashed’ by Gavin and Anne Calver, the Pete Greig Prayer Course and an Advent Study put together by Heather. 2021 Annual Report Page 3 The Parochial Church Council of St Peter & St Mary, Stowmarket Trustee’s Report for the Year ended 31st December 2021 __________________________________________________________________________________ The Christmas Tree Festival went ahead, opening 3 days a week. The lights were switched on by the famous author Anthony Horowitz. Charlotte Whyte has taken on the role of Festival Co-coordinator and with the help of her team, the Town Festival ran in partnership with the Town Council and the Library, Red Gables and the Walnut Tree pub. I would like to thank all who have helped in the running of the Church this year, especially the Churchwardens and Deputy-Wardens. Although the activities based around the Church have been limited due to legal restrictions, we always aim to improve ways in which we are inclusive as an Open Church and offer an Open Invitation to all in the service of Jesus Christ. It hasn’t been easy in 2021 but we have embraced the new technologies that are now available, to reach out in fresh and different ways. We use Facebook and Twitter and our website to publicize our activities and our YouTube channel allows us to Livestream our Sunday Morning Services, which are also available afterwards. Our thanks go to Martin Gray who set up all of that. And you can be assured that the latest Safeguarding and Data Protection and Copyright legislation is kept up to date. Prayer is brought to all Church activities in a real desire to put into practice the will of God and develop as a Church that is a true expression of His Kingdom here on Earth. As we do so we are seen to be fulfilling our ‘mission statement’ of LETTING PEOPLE KNOW ABOUT THE LOVE OF JESUS CHRIST ## Re��d M�c�ae� Ede� 2021 Annual Report Page 4 The Parochial Church Council of St Peter & St Mary, Stowmarket Trustee’s Report for the Year ended 31st December 2021 __________________________________________________________________________________ ## Financial Review Total incoming resources in the year amounted to £338,319 (2020: £227,123), with total expenditure incurred at £330,984 (2020: £283,225). Overall the net movement in funds, when taking account of investments gains, was a net inflow of £12,402 (2020: net outflow of £53,826). The net assets of the PCC at the balance sheet date were £497,216, compared with £484,814 in the previous year. ## Investment policy and performance There is no intention to retain funds over the longer term and cash not immediately required is placed on deposit with the Church of England. The only current investment is the Finbow Endowment Fund held and administered by the Diocese. A new Long Term Investment fund has been created with some of the proceeds of the sale of Cafe52, although this was still held in cash at 31[st] December 2021. ## Reserves Policy The General Fund is intended to carry three to four months balances to provide for contingencies in the coming year and to provide sufficient cash flow to cover the regular transactions. At the year end the balance on the General Fund amounted to £25,894. This is just under three months’ wo rth of expenditure in this fund. The Trustees will continue to monitor this balance in 2022 in conjunction with incoming resources to meet its reserves policy going forwards. The 3Rs balance will vary according to the expenditure on projects currently in progress and planned for the near future. This requires ongoing review by the Trustees year on year to ensure that the reserve held is sufficient for upcoming projects. The balance carried forward on the Pre-school account is being retained for the future use of the Preschool. Sufficient reserves are maintained in order for this to occur, although no formal reserves policy is in place. Funds arising from certain legacies currently remain unspent. The PCC is taking the prudent view that this money should be held on deposit until there is greater certainty about the outcome of current renovation projects and future sources of income. 2021 Annual Report Page 5 The Parochial Church Council of St Peter & St Mary, Stowmarket Trustee’s Report for the Year ended 31st December 2021 __________________________________________________________________________________ ## Structure, Governance and Management The Parochial Church Council of St Peter and St Mary, Stowmarket is a body established by the Church of England. The PCC operates under the Parochial Church Powers measure 1956, as amended, and Church Representation Rules. The PCC is also registered as a charity with the Charity Commission in England and Wales, charity no. 1132857, and the PCC members form the Board of Trustees of the Charity. ## Trustees The Trustees who served during the year were: Revd Michael Eden (Chair) Charlotte White (Vice Chair from April 2021) Daniel Sparks (Churchwarden) Michelle Sparks (Churchwarden) (Appointed April 2021) Wesley Gerald Barnett (Assistant Churchwarden) Martin Gray (Deputy Churchwarden and Vice Chair) (Term ended April 2021) – Marion Gray (Churchwarden term ended April 2021), (Deanery Synod Representative) Revd Richard Stretch (Curate) Matt Levett (Deanery Synod Representative) Gloria Gord Charlotte Whyte Michael Munson Sheila Taylor (appointed April 2021) Judy Eden (Term ended April 2021) Tony Ingham (Term ended April 2021 Zoe Davies (Resigned September 2021) Eugene Milne (Resigned October 2021) Tony Leigh-Pollitt (Appointed April 2021, resigned October 2021) ## Administration of the Charity The Charity is administered by the Board of Trustees, which is the Parochial Church Council. The Trustees meet every month (except in August and December) to review the performance and governance of the Charity. The PCC has various committees reporting to it, grouped into three areas: Building and Finance; Mission and Outreach; Ministry and Worship. The PCC establishes other committees as required to deal with specific issues and events. ## Recruitment, appointment and training of Trustees The appointment of PCC members is governed by and set out in the Church Representation Rules. Members are appointed at the Annual Parochial Church Meeting and additional members can be coopted by the appointed members. The Board recognises the need of Trustees to reflect a wide and diverse range of skills and interests. The Trustees will periodically review the composition of the Board, identifying the need for additional expertise where necessary. The majority of Trustees are identified through word of mouth and knowledge of the Charity. Trustees will review any potential candidate to ensure that they complement the Charity and the Board. Newly nominated trustees are usually briefed by the Chairman and receive background information on the Charity as necessary. 2021 Annual Report Page 6 The Parochial Church Council of St Peter & St Mary, Stowmarket Trustee’s Report for the Year ended 31st December 2021 __________________________________________________________________________________ ## Risk Assessment Systems have been established which mitigate the major risks to which the Church is exposed. Risks arising from the Covid-19 pandemic were continuously reviewed and appropriate measures were put in place. ## Trustees’ Responsibilities The Charity Trustees are responsible for preparing a T rustees’ annual report and financial statements in accordance with applicable law and United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice). The law applicable to Charities in England and Wales requires the Trustees to prepare Financial Statements for each financial year which give a true and fair view of the state of affairs of the Charity and of the incoming resources and application of resources of the Charity for that period. In preparing the financial statements, the Trustees are required to: - select suitable accounting policies and then apply them consistently; - observe the methods and principles in the applicable Charities SORP; - make judgements and estimates that are reasonable and prudent; - state whether applicable accounting standards have been followed, subject to any departures disclosed and explained in the Financial Statements; and - prepare the Financial Statements on the going concern basis unless it is inappropriate to presume that the Charity will continue in operation. The Trustees are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the Charity and to enable them to ensure that the financial statements comply with the Charities Act 2011, the applicable Charities (Accounts and Reports) Regulations, and the requirements of the Church of England. They are also responsible for safeguarding the assets of the Charity and taking reasonable steps for the prevention and detection of fraud and other irregularities. The Trustees are responsible for the maintenance and integrity of the Charity and financial information included on the C harity’s website. Legislation in the United Kingdom governing the preparation and dissemination of the financial statements may differ from legislation in other jurisdictions. Approved by the Trustees on 28[th] March 2022 and signed on their behalf by: **----- Start of picture text -----**
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Rev’d Michael Eden – Chairman 2021 Annual Report Page 7 Independent Examiner’s Report The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ ## Independent Examiner’s Report ## Independent Examiner’s Report to the Trustees of The Parochial Church Council of St Peter and St Mary, Stowmarket I report on the Financial Statements of the Charity for the year ended 31 December 2021, which are set out on pages 9 to 21 ## Respective Responsibilities of Trustees and Examiner The Charity’s Trustees are responsible for the preparation of the Financial Statements. The Charity’s Trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011, and that an independent examination is needed. It is my responsibility to:- - examine the Financial Statements under section 145 of the Act; - follow the procedures laid down in the General Directions given by the Charity Commissioners under section 145(5)(b) of the Act; and - state whether particular matters have come to my attention. ## Basis of Independent Examiner’s Report My examination was carried out in accordance with the General Directions given by the Charity Commissioners. An examination includes a review of the accounting records kept by the Charity and a comparison of the Financial Statements presented with those records. It also includes consideration of any unusual items or disclosures in the Financial Statements, and seeking explanations from you as Trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the accounts present a “true and fair view” and the report is lim ited to those matters set out in the statement below. ## Independent Examiner’s Statement In connection with my examination, no matter has come to my attention:- - (1) which gives me reasonable cause to believe that in any material respect the requirements - to keep accounting records in accordance with section 130 of the 2011 Act; and - to prepare Financial Statements which accord with the accounting records and to comply with the accounting requirements of the Act have not been met; or - (2) or to which, in my opinion, attention should be drawn in order to enable a proper understanding of the Financial Statements to be reached. **----- Start of picture text -----**
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Date ………………………………………… Geoff Mann FCIE Geoff Mann Limited Dee House Highworth Avenue Cambridge CB4 2BQ 2021 Annual Report Page 8 Statement of Financial Activities for Statement of Financial Activities for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2021 The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ ## Statement of Financial Activities for the year ended 31 December 2021 |Notes
**Income**
Donations and Legacies
Other Trading Activities
Investments
Charitable Activities
Other
**Total Income**
1 and 2
**Expenditure**
Charitable Activities
Raising Funds
**Total Expenditure**
1 and 3
**Net Income/(Expenditure)**
**Transfers Between Funds**
5
**Net Income/(Expenditure) and Net Movement**
**in Funds before gains and losses on investments**
**Other Recognised Gains and Losses**
**Realised Gains/(Losses) on Investments**
8b
**Movement in Funds for the Year**
**Reconciliation of Funds**
**Total Funds Brought Forward**
**Total Funds Carried Forward**|2021
2020
Unrestricted Restricted Endowment
Total
Unrestricted Restricted Endowment
Total
Funds
Funds
Funds
Funds
Funds
Funds
Funds
Funds
£
£
£
£
£
£
£
£
78,025
108,517
0
186,542
75,493
76,812
0
152,305
0
5,378
0
5,378
0
6,660
0
6,660
1,059
32
0
1,091
1,215
265
0
1,480
7,603
60,969
0
68,572
5,219
61,425
0
66,644
10
76,726
0
76,736
34
0
0
34| |---|---| ||86,697
251,622
0
338,319
81,961
145,162
0
227,123| ||107,145
222,733
0
329,878
115,867
166,225
0
282,092
96
1,010
0
1,106
94
1,039
0
1,133| ||107,241
223,743
0
330,984
115,961
167,264
0
283,225| ||(20,544)
27,879
-
7,335
(34,000)
(22,102)
-
(56,102)
20,000
(20,000)
-
-
18,830
(18,830)
-
-| ||-544
7,879
0
7,335
-15,170
-40,932
0
-56,102
-
-
5,067
5,067
-
-
2,276
2,276| ||-544
7,879
5,067
12,402
-15,170
-40,932
2,276
-53,826
295,326
154,247
35,241
484,814
310,496
195,179
32,965
538,640| ||294,782
162,126
40,308
497,216
295,326
154,247
35,241
484,814| ## **Statement of Total Recognised Gains and Losses** There were no recognised gains or losses for 2021 or 2020 other than those included in the Statement of Financial Activities 2021 Annual Report Page 9 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2021 The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ ## Balance Sheet as at 31 December 2021 ||||2021||2020|| |---|---|---|---|---|---|---| ||Notes|£||£|£|£| |**Fixed Assets**||||||| |Tangible assets||||218,629||230,826| |Investments||||40,308||35,241| |**Total Fixed Assets**|8|||258,937||266,067| |**Current Assets**||||||| |Stock||1,007|||1,007|| |Debtors|9|56,674|||19,888|| |Short term deposits||136,545|||177,654|| |Cash at bank and in hand||58,878|||38,206|| |**Total Current Assets**||253,104|||236,755|| |**Liabilities**||||||| |Creditors: amounts falling due||||||| |within one year|10|14,825|||18,008|| |**Net Current Assets**||||238,279||218,747| |**Net Assets**||||497,216||484,814| |**The Funds of the Charity**|11|||||| |Unrestricted||||294,782||295,326| |Restricted||||162,126||154,247| |Endowment||||40,308||35,241| |**Total Charity Funds**|12|||497,216||484,814| |Authorised by the Parochial Church Council|on 28th|March|2022 and signed||on its behalf by:|| |………………………………………………………….||……………………………………………………………..||||| |Rev'd M Eden (Chairman)||(Churchwarden)||||| 2021 Annual Report Page 10 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2021 The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ ## Notes to the Financial Statements for the year ended 31 December 2020 ## 1. Accounting Policies a) Basis of Preparation The accounts (financial statements) have been prepared under the historical cost convention with items recognised at cost of transaction value unless otherwise stated in the relevant note(s) to these accounts. The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) as updated on 2 February 2016 and the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102) and the Charities Act 2011. The accounts h ave been prepared to give a ‘true and fair’ view and have departed from the Charities (Accounts and Reports) Regulations 2008 only to the extent required to provide a ‘true and fair’ view. This departure has involved following Accounting and Repo rting by Charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) issued on 16 July 2014 and updated February 2016 rather than the Accounting and Reporting by Charities: Statement of Recommended Practice effective from 1 April 2005 which has since been withdrawn. The Charity constitutes a public benefit entity as defined by FRS 102. The Trustees consider that there are no material uncertainties about the Charity’s ability to continue as a going concern. ## b) Fund Accounting The General Fund represents funds of the PCC that are not subject to any restrictions regarding their use and are available for application to the general purposes of the Charity. Some of the other funds are similarly unrestricted, some are designated, and some are restricted. Designated funds are those that have been earmarked for a purpose but could still be used for general purposes if the PCC decided to do so. Restricted funds may only be used for the purpose for which they are given. The purpose of any designated and restricted funds is included within note 12. The PCC does not invest separately for each fund and interest is apportioned. ## c) Income All income is recognised once the charity has entitlement to the income and there is sufficient certainty of receipt so that it is probable that the income will be received, and the amount of income receivable can be measured reliably. Planned giving, collection and donations are recognised when received. Income Tax recoverable on Gift Aid donations is recognised when the income is recognised. Grants and legacies to the PCC are accounted for as soon as the PCC is notified of its legal entitlement, the amount due is quantifiable and its receipt by the PCC is reasonably certain. ## d) Expenditure Liabilities are recognised as expenditure as soon as there is a legal or constructive obligation committing the charity to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. All expenditure is accounted for on an accruals basis. The Parish Share was paid in full during the year. ## e) Irrecoverable VAT Irrecoverable VAT is charged against the expenditure heading for which it was incurred. ## f) Fixed Assets Consecrated and beneficed property is excluded from the accounts in accordance with the Charities Act 2011. Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC, and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church's inventory, which can be inspected by arrangement. For inalienable property acquired prior to 2000 there is insufficient cost information available and therefore such assets are not valued in the financial statements. All expenditure incurred in the year on consecrated or beneficed buildings is written off. No cost information is available for St Peter's Hall or St Mary's Hall. Both appear in the financial statements at their insurance valuations in 1997 when they were first included. No depreciation has been provided as the buildings have long lives and the residual values are considered to be higher than the book values. The cost of alterations to provide and improve an outside play area has been capitalised and is being depreciated over10 years. Investments are valued at market value at 31 December 2021. Equipment is depreciated on a straight-line basis over 5 to 10 years according to its expected useful life. Items such as the silverware and handbells are not depreciated as they are expected to retain their value. ## g) Current Assets Amounts owing to the PCC at 31 December 2021 in respect of fees, rents or other income are shown as debtors less any provision for amounts that may prove uncollectable. Stock of saleable items, where material, is valued at the lower of cost and net realisable value. Short-term deposits are defined as balances held on deposit with CAF Bank and the Central Board of Finance Church of England Deposit Fund. 2021 Annual Report Page 11 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2021 The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ |**2(a).**
**Income (2021)**
**Donations and Legacies**
Planned Giving
Gift Aid Donations
Income Tax recoverable
Other Planned Giving
Open Collections
Donations
Stowmarket Church Charity
Listed Places of Worship Scheme
Special gift
Grants
**Other Trading Activities**
Fund Raising Events
Income Tax Recoverable
**Investments**
Interest
**Charitable Activities**
St Peter and St Mary's Pre-School
Church Rent
Church Hall Rents
St Peter's
St Mary's
Café 52
Fees
**Other**
Profit on disposal of Café 52
Miscellaneous Sales
**Total Income**
**Notes**
**2(b).**
**Income (2020)**
**Donations and Legacies**
Planned Giving
Gift Aid Donations
Income Tax recoverable
Other Planned Giving
Open Collections
Donations
Stowmarket Church Charity
Listed Places of Worship Scheme
Grants
**Other Trading Activities**
Fund Raising Events
Income Tax Recoverable
**Investments**
Interest
**Charitable Activities**
St Peter and St Mary's Pre-School
Church Rent
Church Hall Rents
St Peter's
St Mary's
Café 52
Fees
**Other**
Miscellaneous Sales
**Total Income**
**Notes**|**Unrestricted Funds**|**Unrestricted Funds**|**Unrestricted Funds**|**Unrestricted Funds**|**Restricted Funds**|**Restricted Funds**|**Restricted Funds**|**Restricted Funds**|**Restricted Funds**|**Restricted Funds**|**Restricted Funds**|**Restricted Funds**| |---|---|---|---|---|---|---|---|---|---|---|---|---| ||General
Other
Total
Fund
Funds
Funds||||Fabric
Pre school
Other
POPA*
Special
Long Term
Total
Fund
Funds
Fund
Collections Investment
Funds|||||||| ||39,273
39,273
10,215
10,215
14,015
14,015
1,267
1,267
2,074
-
2,074
-
289
289
4,875
1,000
5,875
5,017
5,017||||-
-
-
-
5,345
804
1,481
7,630
30,000
30,000
22,838
-
22,838
-
48,049
-
48,049|||||||| ||77,025
1,000
78,025||||76,232
-
30,804
-
1,481
108,517|||||||| ||-
-||||3,939
-
3,939
1,439
-
1,439|||||||| ||-
-
-||||5,378
-
-
-
-
5,378|||||||| ||9
1,050
1,059||||11
21
32|||||||| ||9
1,050
1,059||||11
-
21
-
-
32|||||||| ||-
414
414
2,496
2,496
2,747
2,747
-
-
1,946
1,946||||60,969
60,969
-
-
-
-
-
-|||||||| ||7,603
-
7,603||||-
60,969
-
-
-
60,969|||||||| ||-
10
10
10
-
10||||76,726
76,726
-|||||||| ||||||-
-
-
-
-
76,726
76,726|||||||| ||**84,647**||**2,050**|**86,697**|**81,621**||**60,969**|**30,825**|**-**|**1,481**|**76,726**|**251,622**| |||**13**
**16**
**14**
**15**
**16**
**17**
**25**||||||||||| |||**Unrestricted Funds**||||**Restricted Funds**||||||| |||General
Other
Total
Fund
Funds
Funds||||Fabric
Pre school
Other
POPA*
Special
Total
Fund
Funds
Fund
Collections
Funds||||||| |||38,799
38,799
10,073
10,073
13,254
13,254
2,424
2,424
292
-
292
-
833
833
9,818
9,818||||-
-
-
-
8,160
2,165
1,765
12,090
15,000
15,000
9,142
9,142
1,590
38,990
40,580||||||| |||75,493
-
75,493||||9,750
-
65,297
-
1,765
76,812||||||| |||-
-||||1,485
2,434
3,919
2,302
439
2,741||||||| |||-
-
-||||3,787
-
2,873
-
-
6,660||||||| |||32
1,183
1,215||||93
172
265||||||| |||32
1,183
1,215||||93
-
172
-
-
265||||||| |||-
374
374
1,087
1,087
1,971
1,971
336
336
1,451
1,451||||61,395
61,395
-
-
-
-
30
30||||||| |||5,219
-
5,219||||-
61,395
30
-
-
61,425||||||| |||34
34
34
-
34||||-
-||||||| |||||||-
-
-
-
-
-||||||| |||**80,778**
**1,183**
**81,961**
**13,630**
**61,395**
**68,372**
**-**
**1,765**
**145,162**||||||||||| |||**13**
**16**
**14**
**15**
**16**
**17**||||||||||| *Pre-School Outside Play Area 2021 Annual Report Page 12 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2021 The Parochial Church Council of St Peter & St Mary, Stowmarket |**3(a).**
**Expenditure (2021)**
**Unrestricted Funds**
**Restricted Funds**
General
Other
Total
Fabric
Pre school
Other
POPA*
Special
Long Term
Total
Fund
Funds
Funds
Fund
Funds
Fund
Collections Investment
Funds
**Charitable Activities**
Missionary and Charitable Giving
Church Overseas
Missionary Societies
-
-
-
Relief and Development Agencies
1,000
1,000
-
-
Other Donations
500
500
1,481
1,481
1,500
-
1,500
-
-
-
-
1,481
-
1,481
Ministry
Diocesan Parish Share
72,187
72,187
-
Expenses Vicar
2,645
2,645
-
Church
Maintenance
1,738
250
1,988
6,553
6,553
Property Expenses
9,672
9,672
3,101
3,101
Parochial Expenses
3,367
3,367
2,163
2,163
Weddings and Funerals
-
-
-
Café 52
390
390
-
St Peter and St Mary's Pre-School
-
59,116
59,116
Depreciation
1,766
83
1,849
477
2,158
209
2,844
Anonymous gift
-
-
-
St Peter's Hall
3,923
3,923
-
-
St Mary's Hall
7,253
7,253
-
West End Project
-
147,472
147,472
Administration
2,066
2,066
3
3
Independent Examiner
305
305
-
106,812
333
107,145
147,952
59,116
10,874
209
1,481
3,101
222,733
**Raising Funds**
Stewardship Expenses
96
96
-
Expenses of Fundraising
-
1,010
1,010
96
-
96
1,010
-
-
-
-
-
1,010
**Total Expenditure**
**106,908**
**333**
**107,241**
**148,962**
**59,116**
**10,874**
**209**
**1,481**
**3,101**
**223,743**
**Notes**
**13**
**16**
**14**
**15**
**16**
**12**
**17**
**25**
**3 (b)**
**Expenditure (2020)**
**Unrestricted Funds**
**Restricted Funds**
General
Other
Total
Fabric
Pre school
Other
POPA*
Special
Total
Fund
Funds
Funds
Fund
Funds
Fund
Collections
Funds
**Charitable Activities**
Missionary and Charitable Giving
Church Overseas
Missionary Societies
-
-
-
Relief and Development Agencies
1,000
1,000
-
-
Other Donations
500
500
1,865
1,865
1,500
-
1,500
-
-
-
-
1,865
1,865
Ministry
Diocesan Parish Share
73,513
73,513
-
Expenses Vicar
2,182
2,182
-
Church
Maintenance
5,749
5,749
89,758
89,758
Property Expenses
9,447
9,447
-
Parochial Expenses
4,031
4,031
1,479
1,479
Weddings and Funerals
-
-
-
Café 52
619
619
-
St Peter and St Mary's Pre-School
-
63,285
63,285
Depreciation
1,766
83
1,849
943
415
1,358
Anonymous gift
3,790
3,790
-
St Peter's Hall
4,596
4,596
8,480
8,480
St Mary's Hall
6,554
6,554
-
Administration
1,775
1,775
-
-
Independent Examiner
262
262
-
111,994
3,873
115,867
8,480
63,285
92,180
415
1,865
166,225
**Raising Funds**
Stewardship Expenses
94
94
-
Expenses of Fundraising
-
1,039
1,039
94
-
94
1,039
-
-
-
-
1,039
**Total Expenditure**
**112,088**
**3,873**
**115,961**
**9,519**
**63,285**
**92,180**
**415**
**1,865**
**167,264**
**Notes**
**13**
**16**
**14**
**15**
**16**
**12**
**17**|**Unrestricted**|**Unrestricted**|**Funds**|**Funds**|**Restricted Funds**|**Restricted Funds**| |---|---|---|---|---|---|---| ||General
Other
Fund
Funds||Total
Funds||Fabric
Pre school
Other
POPA*
Special
Long Term
Total
Fund
Funds
Fund
Collections Investment
Funds|| ||-
1,000
500||-
1,000
500||-
-
-
1,481
1,481|| ||1,500
-
72,187
2,645
1,738
250
9,672
3,367
-
390
1,766
83
-
3,923
7,253
2,066
305||1,500
72,187
2,645
1,988
9,672
3,367
-
390
-
1,849
-
3,923
7,253
-
2,066
305||-
-
-
-
1,481
-
1,481
-
-
6,553
6,553
3,101
3,101
2,163
2,163
-
-
59,116
59,116
477
2,158
209
2,844
-
-
-
-
147,472
147,472
3
3
-|| ||106,812
333||107,145||147,952
59,116
10,874
209
1,481
3,101
222,733|| ||96||96
-||-
1,010
1,010|| ||96
-||96||1,010
-
-
-
-
-
1,010|| ||**106,908**
**333**||**107,241**||**148,962**
**59,116**
**10,874**
**209**
**1,481**
**3,101**
**223,743**|| |||**13**
**16**|**14**
**15**
**16**
**12**
**17**
**25**|||| |||**Unrestricted Funds**||||**Restricted Funds**| |||General
Other
Fund
Funds||Total
Funds||Fabric
Pre school
Other
POPA*
Special
Total
Fund
Funds
Fund
Collections
Funds| |||-
1,000
500||-
1,000
500||-
-
-
1,865
1,865| |||1,500
-
73,513
2,182
5,749
9,447
4,031
-
619
1,766
83
3,790
4,596
6,554
1,775
262||1,500
73,513
2,182
5,749
9,447
4,031
-
619
-
1,849
3,790
4,596
6,554
1,775
262||-
-
-
-
1,865
1,865
-
-
89,758
89,758
-
1,479
1,479
-
-
63,285
63,285
943
415
1,358
-
8,480
8,480
-
-
-
-| |||111,994
3,873||115,867||8,480
63,285
92,180
415
1,865
166,225| |||94||94
-||-
1,039
1,039| |||94
-||94||1,039
-
-
-
-
1,039| |||**112,088**
**3,873**||**115,961**||**9,519**
**63,285**
**92,180**
**415**
**1,865**
**167,264**| |||**13**
**16**||**14**
**15**
**16**
**12**
**17**||| *Pre-School Outside Play Area 2021 Annual Report Page 13 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2021 The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ ## **4.** ## **Staff Costs** ||| |---|---| |**Staff Costs**
The staff costs were:
Wages and Salaries
Employer's National Insurance|**2021**
**2020**
**£**
**£**
60,487
62,706
0
0| ||60,487
62,706| During the year the PCC employed 8 Pre-School staff and 2 cleaners, all of whom were part time. No member of staff received remuneration of more than £60,000. The PCC did not pay remuneration to any of the Trustees in the year; expenses totalling £2,645 (2020 - £2,155) wer reimbursed to 1 Trustee (2020 - 1). ## **5. Transfers Between Funds (2021)** |Church Charity|**General**
**Other Funds**
**Total Funds**
**Fund**
**Unrestricted**
**Unrestricted**
**£**
**£**
**£**
20,000
-
20,000|**Pre-School Other Funds**
**Total Funds**
**Restricted**
**Restricted**
**£**
**£**
**£**
-
(20,000)
(20,000)| |---|---|---| ||20,000
-
20,000|-
(20,000)
(20,000)| Church Charity: The £20,000 transfer relates to Church Charity funds which can be allocated to the General Fund for the furtherance of the Charity's aims at the discretion of the PCC. ## **6. Movement in Funds for the Year** |**Movement in Funds for the Year**||| |---|---|---| |The movement in funds for the year is stated after charging:|**2021**|**2020**| ||**£**|**£**| |Independent Examination fee|305|262| |Additional payments to examiner for preparation of Financial Statements|831|750| |Depreciation of Owned Assets|4,693|3,207| ## **7.** ## **Related Party Transactions** There were no related party transactions during the year ended 31/12/2021. Some of the Trustees of the Stowmarket Church Charity are also members of the PCC. During the year £30,000 (2020 - 15,000) was paid by the Church Charity to the church. During the year donations of £15,674 (2020 - £16,322) were received by the Church from 7 (2020 - 11) Trustees. ## **8(a)** ## **Tangible Fixed Assets** |**Tangible Fixed Assets**
Cost
Balance at 1 January 2021
Additions
Disposals
Balance at 31 December 2021
Depreciation
Balance at 1 January 2021
Charge for the year
Disposals
Balance at 31 December 2021
Net Book Value
At 31 December 2021
At 1 January 2021|**Freehold**
**Functional**
**Total**
**land and**
**equipment**
**buildings**
**£**
**£**
**£**
221,943
71,394
293,337
0
20,770
20,770
28,274
399
28,673| |---|---| ||193,669
91,765
285,434
25,702
36,809
62,511
209
4,484
4,693
0
399
399| ||25,911
40,894
66,805
167,758
50,871
218,629| ||196,241
34,585
230,826| 2021 Annual Report Page 14 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2021 The Parochial Church Council of St Peter & St Mary, Stowmarket |__________________________________________
**8(b).**
**Fixed Assets Investments**
CBF Investment Fund (1,723.56 shares)
Market Value at beginning of year
Net Gain/(Loss) on Disposal/Revaluation
Market Value at end of year
**9.**
**Debtors falling due within one year**
Prepayments and Accrued Income
Other Debtors
**10.**
**Creditors falling due within one year**
Accruals and Deferred Income
Creditors for Goods and Services
**11**
**Analysis of Net Assets by Funds**
Tangible Fixed Assets
Fixed Assets Investments
Net Current Assets|________________________________________
**2021**
**2020**
**Cost**
**Market**
**Cost**
**Market**
**Value**
**Value**
**£**
**£**
**£**
**£**
14,484
40,308
14,484
35,241| |---|---| ||35,241
32,965
5,067
2,276
40,308
35,241
**2021**
**2020**
**£**
**£**
45,882
17,341
10,792
2,547
56,674
19,888
**2021**
**2020**
**£**
**£**
9,847
10,508
4,978
7,500
14,825
18,008
**Unrestricted**
**Restricted**
**Endowment**
**Total**
**Funds**
**Funds**
**Funds**
**Funds**
195,663
22,966
0
218,629
0
0
40,308
40,308
70,845
167,434
0
238,279| ||266,508
190,400
40,308
497,216| **General Fund (note 13)** 2021 Annual Report Page 15 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2021 The Parochial Church Council of St Peter & St Mary, Stowmarket ## **12. Fund analysis and Descriptions** |**Notes**
**Unrestricted Funds**
General Fund
13
Other Funds
16
Capital Fund
**Restricted Funds**
Fabric Funds
14
St Peter and St Mary's Pre-School
15
Pre-School Outside Play Area
Other Funds
16
Sarginson Memorial Capital Fund
Special Collections
17
Lomg Term Investment
25
**Endowment Fund**
Finbow Trust
8(b)
**Total Funds**|**Brought**
**Income**
**Expenditure**
**Transfers**
**Gain on**
**Carried**
**Forward**
**Investment**
**Forward**
**£**
**£**
**£**
**£**
**£**
**£**
28,155
84,647
106,908
20,000
-
25,894
48,132
2,050
333
-
-
49,849
219,039
0
0
(28,274)
-
190,765| |---|---| ||295,326
86,697
107,241
(8,274)
-
266,508
52,599
81,621
148,962
48,001
-
33,259
24,450
60,969
59,116
-
-
26,303
967
0
209
-
-
758
75,831
30,825
10,874
(16,102)
-
79,680
400
0
0
-
-
400
0
1,481
1,481
-
-
0
0
76,726
3,101
(23,625)
50,000| ||154,247
251,622
223,743
8,274
0
190,400
35,241
0
0
-
5,067
40,308| ||**484,814**
**338,319**
**330,984**
**-**
**5,067**
**497,216**| The General Fund represents funds which are available for the application and general purpose of the PCC in furtherance of its charitable objectives. ## **Capital Fund** The Capital Fund was created in 1997 when assets were first shown in the accounts. ## **Fabric Fund (note 14)** This fund includes funds designated for the restoration of the church building and includes money restricted by donors. Some donations are made for specific projects and are thus further restricted. The objects of the 3Rs Fund are a programme of restoration, renovation and reordering of all the church buildings as required. ## **St Peter and St Mary's Pre-School (note 15)** The Pre-school raises funds, partly by charging fees for attendance, but also receives funding from the Department for Education and Employment. From this income it meets its staff and other operating costs and purchases play equipment, which is normally written off in the year of purchase. Within the balance carried forward is £17,600 ring-fenced for redundancy pay should it be required. ## **Pre-school Outside Play Area** This fund represents the fixed assets of the outside play area of the Pre-school. ## **Other Funds (note 16)** Other funds relates to other various items which are administered by the charity. These are reviewed in detail per note 16. ## **Sarginson Memorial Capital Fund** This fund provides income for the purchase of flowers for the decoration of the Sarginson Memorial. ## **Special Collections** Special collections relates to amounts collected on behalf of other charities. The total of items received is paid over to the respective charity, as intended by the donor. ## **Long Term Investments** Initially holding the surplus from the Sale of Cafe52, this fund is held by the Diocese and invested primarily for income. ## **Endowment** The endowment amount relates to a legacy received from Miss H Finbow, the capital of which is held by the Diocese. Transfers which have occurred during the year above have been detailed further in Note 5 of the financial statements. 2021 Annual Report Page 16 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2021 The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ |3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59|**13.**|**2021**|**2020**|**_Budget_**
**_2021_**| |---|---|---|---|---| |||**£**
39,273
10,215
14,015
1,267
2,074|**£**
38,799
10,073
13,254
2,424
292|**_£_**
_40,000_
_10,500_
_14,000_
_4,600_
_350_| |||**66,844**
414
2,496
2,747
-
1,946
10|**64,842**
374
1,087
1,971
336
1,451
34|**_69,450_**
_630_
_3,600_
_4,600_
_760_
_2,200_
_140_| |||**7,613**
4,875
289
4,573
444
-
9|**5,253**
833
1,000
1,418
7,400
32|**_11,930_**
_500_| |||**_84,647_**|**_80,778_**|**_81,880_**| ||**Expenditure**
**Donations**
**Activities directly relating to the work of the Church**
Ministry Parish Share:
Expenses paid to Vicar and Assistants
Church Maintenance
Church Property Expenses (note 18)
Parochial Expenses (note 19)
Weddings and Funerals
Administration (note 21)
Youth Work
Independent Examination
Stewardship Envelopes
Cafe 52 (note 20)
St Peter's Hall - Property Expenses (note 18)
St Mary's Hall - Property Expenses (note 18)
**Total Expenditure**|1,500
72,187
2,645
1,738
9,672
5,133
-
2,066
-
305
96
390
3,923
7,253|1,500
73,513
2,182
5,749
9,447
5,797
-
1,775
-
262
94
619
4,596
6,554|_1,500_
_72,187_
_2,500_
_4,000_
_11,000_
_6,600_
_-_
_2,000_
_-_
_270_
_95_
_860_
_5,900_
_7,900_| |||**106,908**|**112,088**|**_114,812_**| ||**Deficit for year before transfers**
Transfer from Special Funds - Church Charity
Transfer from Miss H Finbow legacy
Rent paid by Pre-School to PCC
Transfer from Verger Fund
Transfer to donations
Transfer to Legacies Fund
**Surplus (deficit) for year**
Surplus brought forward
**Balance on General Fund**|**(22,261) **
20,000
-
-
-
-|**(31,310)**
15,000
10,000
3,900
30
(100)|**_(32,932)_**
_20,000_
_3,900_| |||**(2,261)**
28,155|**(2,480)**
30,635|**_(9,032)_**
_28,155_| |||**25,894**|**28,155**|**_19,123_**| |||||| 2021 Annual Report Page 17 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2021 The Parochial Church Council of St Peter & St Mary, Stowmarket |3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68|**14. Fabric Funds**|**14. Fabric Funds**|**Balance**
**January 2021**|**Balance**
**January 2021**|
**Received 2021 and**
**transfers in**|
**Received 2021 and**
**transfers in**|**Paid 2021 and**
**transfers out**|**Paid 2021 and**
**transfers out**|**Bala**
**Decemb**|**nce**
**er 2021**| |---|---|---|---|---|---|---|---|---|---|---| ||**3Rs - Restoration, Renovation and Reordering**
Donations
Gift Aided Donations
Tfrs between funds
Christmas Tree Festival Dons
Christmas Tree Festival (Gift Aided)
Christmas Tree Festival Other
Other Fundraising
Income tax recoverable
Interest
LPOW VAT Recovery
Council Grants
Other Grants
Christmas Tree Festival Card Dons
Christmas Tree Festival Card Dons GA
Bank charges
West End Project
North West Window
Kitchen
Church Brochure Stock
**Total Fabric Funds**||Unrestricted
**£**|Restricted
**£**
51,523
1,076|Unrestricted
**£**|Restricted
**£**
3,059
2,286
43,231
1,874
9
171
1,051
1,439
11
22,838
24,049
24,000
705
129
4,770
-|Unrestricted
**£**|Restricted
**£**
1,010
3
147,472
477
-|Unrestricted
**£**|Restricted
**£**
15,265
12,625| |||||||||||27,890
4,293
1,076| ||||-|52,599|-|129,622|-|148,962|-|33,259| |||||||||||| ||**15. St Peter and St Mary's Pre-School**||||||||**2021**|**2020**| ||||||||||Restricted
**£**|Restricted
**£**| ||**Balances brought forward**
Pre-school General Fund
Redundancy Fund|||||||||| ||||||||||7,450
17,000|15,840
14,400| ||||||||||24,450|30,240| ||**Income**
Fees
Funding from Department for Education and Employment
Donations
Grants
Polo shirts and Sweatshirts
Others
**Total income**||||||||1,125
51,849
6,250
1,340
74
331|1,407
59,784
-
204
-| ||||||||||60,969|61,395| ||**Expenditure**
Staff
Refreshments
Equipment
Administration
PLA subs and insurance
Outside Area Roof Renewal
Nursery World
T Shirts and Uniforms
Ofsted
Gifts and Farewells
Office Equipment
Training
Sundry
Other
Contributions to Church
Transfer to Redundancy Fund
**Total Expenditure**||||||||55,702
449
1,114
510
678
-
74
396
50
23
65
55
-
-|58,306
444
1,517
760
678
-
74
254
50
42
255
906
-
-| ||||||||||59,116
0
600|63,286
3,900
2,600| ||||||||||59,716|69,786| ||**Surplus (Deficit) for year**||||||||1,253|(8,391)| ||**Balances**
**Total Pre**|**carried forward**
Pre-school General Fund
RedundancyFund|||||||8,703
17,600|7,450
17,000| |||**-school funds**|||||||26,303|24,450| 2021 Annual Report Page 18 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2021 The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ |3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49|**16. Other Funds**|**Balance**
**January 2021**|**Balance**
**January 2021**|
**Received 2021 and**
**transfers in**|
**Received 2021 and**
**transfers in**|**Paid 2021 and**
**transfers out**|**Paid 2021 and**
**transfers out**|**Balance**
**December 2021**|**Balance**
**December 2021**| |---|---|---|---|---|---|---|---|---|---| ||Interest
_Transferred to General Fund_
**Legacies**
**Miss H Finbow**
Transferred to General Fund
Interest
**Ms J McLeod**
Interest
**Mrs M Cawte**
Interest
**Ms E Cobbold**
Interest
**Other**
Adamson Legacy
Seeley Legacy
Anonymous Gift
Miller
**Roof Alarm Fund**
**Defibrillator Fund**
**Greensward Fund**
**Audio Visual (note 22)**
**Sarginson Memorial Fund**
Interest
**Bell Fund**
Income
Expenditure
**Bells Restoration Fund (note 23)**
**Oldfield Fund**
Legacy: lectern
Legacy: balance
**Youth**
BBGA (note 24)
**Total Other Funds**
**Stowmarket Church Charity**|Unrestricted
**£**
3,197
5,080
33,535
503|Restricted
**£**|Unrestricted
**£**
1,024
8
18|Restricted
**£**
30,000|Unrestricted
**£**|Restricted
**£**
20,000|Unrestricted
**£**
4,221
5,088
33,553
503
2,000
1,399
1,210
1,000|Restricted
**£**
10,000
915
540
5
16,141
175
469
50,973
462| |||2,000
1,399
1,210
144
250
498
316||1,000|||||| ||||1,145
650
5
17,733
175
194
53,778
2,151|-|3,907
275
67
474|250
83|230
110
5,499
2,872
2,163|144
-
415
316|| |||48,132|75,831|2,050|34,723|333|30,874|49,849|79,680| ## **Stowmarket Church Charity** This charity provides funds for the use of the PCC as described in the Trust Deed. ## **Legacy Miss H Finbow** This is an Endow ment Fund, the income from w hich is unrestricted. The Capital is held by the Diocese. ## **Sarginson Memorial Fund** This fund is restricted to the purchase of flow ers for the decoration of the Sarginson Memorial. ## **Bell Fund** The church receives fees from w edding couples and others w ho w ish the bells to be rung, and normally uses the money to pay bell ringers and to finance minor repairs to the bells. ## **Roof Alarm Fund** The roof alarm w as part-funded by a grant from the Suffolk Historic Churches Trust. Depreciation of the grant-funded portion is charged to this fund. ## **Defibrillator Fund** A grant w as provided by Mid-Suffolk District Council for purchase of a defibrillator and associated training and/or signage costs. ## **Bells Restoration Fund** The Bells Restoration Fund has been established to enable the restoration and enhancement of the bells and bell frame inthe church tow er ## **Oldfield** A donation w as received from the estate of the late Edw in Oldfield. A memorial lecturn w as purchased, the depreciation of w hich is charged to this fund. ## **Youth** This fund w as created to receive the residue of the Deanery Youth Cafe account w hen this w as closed 2021 Annual Report Page 19 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2021 The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ |5|17. Special Collections and Donations|17. Special Collections and Donations|17. Special Collections and Donations||||18. PropertyExpenses||| |---|---|---|---|---|---|---|---|---|---| |||||**from**|**from**||||| |||**Special Collections**||**PCC**|**PCC**||||| |6||**(Restricted)**||**Funds**|**Funds**|||**2021**|**2020**| |7||**Rec'd**|**Paid**|**Paid**|**Paid**|||**£**|**£**| |8||**2021**|**2021**|**2021**|**2020**||**Church**||| |9||**£**|**£**|**£**|**£**||||| |10|Food Bank|200|200|500|500||Gas|2,168|2,761| |11|Royal British Legion|553|553|0|0||Electricity|1,845|1,616| |12|Town Mayor's Charities|385|385|0|0||Insurance|4,761|4,706| |13|RAFA|64|64|0|0||Other|898|364| |14|Afghan Relief|108|108|0|0||||| |15|Tear Fund|0|0|0|0|||9,672|9,447| |16|Gideons|0|0|0|0||||| |17|UCB|0|0|500|500||**St Peter's Hall**||| |18|Kagera|171|171|500|500||||| |19|RSVP|0|0|0|0||Gas|278|356| |20|||||||Electricity|544|482| |21|||||||Insurance|-|-| |22|||||||Cleaning|1,989|1,866| |23|||||||Major repairs|-|-| |24|||||||Other|1,112|1,892| |25|||||||||| |26||||||||3,923|4,596| |27|||||||||| |28|||||||**St Mary's Hall**||| |29|||||||||| |30|||||||Electricity|3,842|3,237| |31|||||||Insurance|-|-| |32|||||||Cleaning|2,796|2,534| |33|||||||Internet|-|18| |34|||||||Major repairs||-| |35|||||||Other|615|765| |36|||||||||| |37||1,481|1,481|1,500|1,500|||7,253|6,554| |38|||||||||| |39|||||||||| ||||||||||| |40|19. Parochial Expenses||||||20. Café 52 Expenses||| |41||||**2021**|**2020**|||**2021**|**2020**| |42||||**£**|**£**|||**£**|**£**| |43|Depreciation|||1,766|1,766||Electricity|128|340| |44|Mission and Evangelism|||-|40||Insurance|-|-| |45|Expenses of Church Services|||274|632||Cleaning|-|-| |46|Literature and Books|||-|87||Repairs|-|-| |47|Music|||1,022|972||Other|262|279| |48|Stationery|||1,736|853||||| |49|Subscriptions|||95|95||||| |50|Bank Charges|||86|61||||| |51|Other|||154|1,291||||| |52||||||||390|619| |53|||||||||| |54||||5,133|5,797||||| |55|||||||||| ||||||||||| |56|21. Administration||||||||| |57||||**2020**|**2019**||||| |58||||**£**|**£**||||| |59|Accountancy|||831|750||||| |60|Internet|||-|-||||| |61|Telephone|||1,235|1,025||||| |62|Other|||-|-||||| |63||||2,066|1,775||||| ||||||||||| 2021 Annual Report Page 20 Statement of Financial Activities for Notes to the Financial Statements for Statement of Financial Activities for the year ended 31 December 2017 the year ended 31 December 2017 the year ended 31 December 2021 The Parochial Church Council of St Peter & St Mary, Stowmarket __________________________________________________________________________________ |3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27|**22. Audio Visual Fund**|**Balance**
**January 2021**|**Balance**
**January 2021**|
**Received 2021 and**
**transfers in**|
**Received 2021 and**
**transfers in**|**Paid 2021 and**
**transfers out**|**Paid 2021 and**
**transfers out**|**Balance**
**December 2021**|**Balance**
**December 2021**| |---|---|---|---|---|---|---|---|---|---| ||AV Equipment (2020)
Depreciation
AV Equipment (2021)
Brought forward
Interest
Expenditure
Tfrs between funds
Depreciation
**Total Audio Visual Fund**|Unrestricted
**£**|Restricted
**£**
1,959
15,774|Unrestricted
**£**|Restricted
**£**
9
3,898|Unrestricted
**£**|Restricted
**£**
218
3,681
1,600|Unrestricted
**£**|Restricted
**£**
14,400| ||||||||||| ||||||||||| |||-|17,733|-|3,907|-|5,499|-|14,400| ||||||||||| ||||||||||| ||**23. Bells Restoration Fund**|**Balance**
**January 2021**||
**Received 2021 and**
**transfers in**||**Paid 2021 and**
**transfers out**||**Balance**
**December 2021**|| ||Brought forward
Donations
Fundraising Income
Interest
Expenditure
**Total Bells Restoration Funds**|Unrestricted
**£**
250|Restricted
**£**
53,778|Unrestricted
**£**|Restricted
**£**
55
12|Unrestricted
**£**
250|Restricted
**£**
2,872|Unrestricted
**£**
-|Restricted
**£**
50,973| |||250|53,778|-|67|250|2,872|-|50,973| ||||||||||| |28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45|**24. Boys Brigade and Girls Association**|**24. Boys Brigade and Girls Association**|**24. Boys Brigade and Girls Association**|**24. Boys Brigade and Girls Association**|**24. Boys Brigade and Girls Association**| |---|---|---|---|---|---| ||Subscriptions
Donations
Fundraising
Events income
Other income
Equipment
Activities
Events
Capitation
Other
Refreshments|**2021**||**2020**|| |||**Income**
**£**|**Expense**
**£**|**Paid**
**£**
46
1654
142
0
0|**Paid**
**£**
70
1
118
188
55
0| |||210
78
0
28
158|1,510
25
54
410
143
21||| |||474|2,163|1,842|432| ||||||| ||||||| |46
47
48
49
50
51
52
53
54
55|**25. Long Term Investment**||| |---|---|---|---| ||Profit on sale of Café 52
Fees deducted for services
Transferred to Fabric Funds
Carried Forward|**Income**
**£**
76,726|**Expense**
**£**
3,101
23,625
50,000| |||76,726|76,726| ||||| ||||| 2021 Annual Report Page 21