**REGISTERED CHARITY NUMBER: 1132874**
## **REPORT OF THE TRUSTEES AND**
**UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **FOR**
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **CONTENTS OF THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
|||**Page**||
|---|---|---|---|
|**Report of the Trustees**|1|to|5|
|**Independent Examiner's Report**||6||
|**Statement of Financial Activities**||7||
|**Statement of Financial Position**||8||
|**Notes to the Financial Statements**|9|to|22|
|**Detailed Statement of Financial Activities**|23|to|24|
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021**
The trustees present their report with the financial statements of the charity for the year ended 31 December 2021. The trustees have adopted the provisions of Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019).
## **OBJECTIVES AND ACTIVITIES**
## **Objectives and aims**
## **Charitable Objects**
The PCC has the responsibility of co-operating with the Team Rector and the other Team clergy in promoting in the ecclesiastical parish of Hitchin the whole mission of the Church pastoral, evangelical, social and ecumenical.
Each of the five churches in the parish - Holy Saviour, St Faith's, St Mark's, St Mary's and the Hub Church - set their own objectives for the year. Written reports of their activities and achievements are provided for the annual church meetings.
## **Objectives for 2022**
These include:
- To continue to grow as a Team Ministry under our Team Rector and support each other across our five churches;
- Safeguarding: Everyone of us needs to do all that we can to make our churches as safe as humanly possible. Training is one of the key elements for good safeguarding so we must all make ourselves aware of the training courses available and complete the one that is relevant to our role in the church.
## **Charitable activities**
The Trustees confirm that they have referred to the guidance contained in Charity Commission's general guidance on public benefit when reviewing the charity's aims and objectives and in planning future activities.
## **Church Membership**
All Churches have equal voting rights regarding members. At the 2021 Annual Parish Meeting there were 611 people on the electoral rolls of the four churches in the Parish of Hitchin.
## **ACHIEVEMENT AND PERFORMANCE**
## **Review of the Year**
This could well be the penultimate PCC Annual Report from the Team Rector as the Parish reorganisation consultation is well underway!
At present, the Hitchin Team Ministry, which operates in the area of the benefice of Hitchin and St Paul’s Walden, comprises the separate parishes of St Paul’s Walden and Hitchin, which includes two PCCs, several DCCs and a Joint Church Council (JCC). It is now felt locally that it is appropriate for the four districts in the parish of Hitchin – St Mary, St Mark, St Faith and Holy Saviour – to achieve a degree of independence within the team and benefice, and for a more balanced structure to be created within the team. This includes management of, and responsibility for, finances and parish share. By remaining as a Team, there would be a commitment to continue to work together for the good of the communities the churches serve. The proposals have emerged from discussions in meetings of the DCCs/JCC and Hitchin PCC to make governance of the area more successful. Each of the parish churches within the parish of Hitchin will be the parish church within their respective new parish.
It has been good to see our churches emerge from the pandemic with a renewed zeal to proclaim the Gospel of Jesus Christ afresh in various ways. How marvellous it has been for each of us to worship as we once did and also to change things that we have had time to change.
The Rev'd Chris Bunce
Team Rector of Hitchin
Page 1
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021**
## **FINANCIAL REVIEW**
## **Financial position**
This year's financial results show that the Parish made a surplus of £20,391 in unrestricted funds. The restricted and endowment funds had a net increase in funds of £75,208.
The Treasurer is Mr Barry Smith. The 2020 accounts were prepared, independently examined by Bradshaw Johnson Chartered Accountants and filed with the Charity Commission in November 2021.
The 2021 consolidated accounts of the PCC and the four churches should be ready for approval at the Annual Parish Meeting on 25 May 2022.
## **Reserves and risk policy**
Determining the level of reserves that the Parish needs to hold is an important part of the PCC financial management and forward financial planning. Reserves levels that are higher than necessary may tie up money unnecessarily and limit the amount spent on charitable activities, reducing the potential benefit the parish can provide. If reserves levels are too low, then not only could the Parish solvency and its future activities be put at risk, but also the Parish could face difficulty in meeting its day-to-day expenditure commitments.
The policy of the Parish is to build its funds to levels sufficient to address the parish long-term needs and perpetual need to maintain and preserve the heritage and fabric of four churches. This means retaining readily accessible reserves sufficient to meet the financial liabilities inherent in running and maintaining churches, as well as the 67 Whitehall Road property, alongside establishing sufficient funds to develop and grow the Parish of the future. The Parish reserves therefore also act as a funding source for specific projects or development activity that is considered likely to generate long-term strategic and financial benefit.
The Parish uses the following principles in managing the reserves and in determining target reserves levels: - the need for, and level of, the Parish reserves will vary depending on the annual financial position, including the relative size of any restricted funds, and PCC assessment of the many risks and opportunities the Parish faces at any one particular time;
- in determining the use of parish income, the PCC considers the needs of both current and future beneficiaries; - the reserves exist either to provide short-term protection against downward fluctuations in annual income, or to provide long-term strategic financial support.
## **Risk management**
The PCC is mindful that it has a long established moral responsibility to pay the 'parish share' or "quota' to the Diocese of St Alban's. If the Parish has a shortfall in its fundraising and cannot pay the diocesan quota in any one year it is not legally obliged to do so. However, the Covid pandemic has led to shortfalls in both 2020 and 2021.
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Governing document**
The PCC is a body corporate which operates under the Parochial Church Council (Powers) Measure 1956 and the Church Representation Rules.
## **Recruitment of trustees**
Members of the PCC are ex officio, elected (at the Annual Meeting of Parishioners or Annual Parochial Church Meeting) or co-opted.
## **Election of Trustees**
Candidates must be proposed and seconded by Members of the Electoral Roll and are voted on at the AGM in the usual way.
Page 2
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021**
## **STRUCTURE, GOVERNANCE AND MANAGEMENT**
## **Organisational structure**
The Parochial Church Council of the Ecclesiastical Parish of Hitchin consists of members from the churches listed on page 1. The PCC operates in accordance with the Constitution of the Parish of Hitchin.
During the year the PCC met five times. It has two committees:
- (1) the Standing Committee, which meets prior to the full PCC to plan PCC meetings; and
- (2) the Finance Committee, which met three times.
## **REFERENCE AND ADMINISTRATIVE DETAILS Registered Charity number**
1132874
## **Principal address**
Church House Churchyard Hitchin Hertfordshire SG5 1HP
## **Trustees**
## Clergy
The Rev Christopher Bunce, Team Rector, Revs Melanie Crowley, Nick Smith (from November), Ian Todd.
## Churchwardens
St. Faith's: Miss Joan Worboys, Mrs Brenda Gardner.
St. Mark's: Mrs Louise Wills (Vice Chair), Mrs Joy Bennett.
St. Mary's: Miss Elizabeth Cranfield, Mrs Anne Senechal, Mr Warwick Wiggen (until April). Terry Brazier (from April). Holy Saviour: Mr David Parsons, Mrs Deborah Stalkartt.
## Elected representatives to the Deanery Synod
Miss Elizabeth Cranfield, Mrs Rachel Drury, Mr Michael Kershaw, Mr Robin Sternberg, Mr Michael Taylor, Miss Joan Worboys, Mrs Gail Young.
## Elected Lay Representatives
Mrs Gwen Allen, Mrs Sue Bathmaker, Colin Davies, Mrs Mary Goose, Mrs Sandra Stokes.
## **Independent Examiner**
Bradshaw Johnson Chartered Accountants Croft Chambers 11 Bancroft Hitchin Hertfordshire SG5 1JQ
Page 3
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021**
## **PARISH SAFEGUARDING REPORT FROM THE TEAM SAFEGUARDING CO-ORDINATOR**
To ensure we meet our legal requirements that as a Parish we have complied with our duty under section 5 of the Safeguarding and Clergy Discipline Measures 2016 (duty to have regard to House of Bishop's guidance on safeguarding children and vulnerable adults), we have adopted the following policies & procedures which are reviewed on an annual basis.
## Safeguarding Actions & Policies in Place
1. We have policies for keeping children and vulnerable adults safe which have been discussed and approved by the PCC within this year.
2. All those who work with children, young people and vulnerable adults on a regular basis have been checked via the DBS process. Records are kept by the individual churches Safeguarding Officers to ensure that individual's DBS checks do not become out of date.
3. The parents or carers of all children and young people who access our activities are required to complete a form with emergency details and to give permission (or not) for photos and videos to be taken of their child for social media, church website etc. Separate permission is requested for each form of media.
4. All Safeguarding Officers, those who work with children, young people or vulnerable adults, church wardens and PCC/DCC/JCC members are required to undertake the diocesan safeguarding training every three years. PCC/DCC/JCC members are only required to complete the on-line training, whereas those who work directly with young people or vulnerable adults, plus church wardens, are required to also do a face to face 3 hour training session. During the last twelve months, many of those requiring training have completed it. There are still some people who need to complete the training, plus any new PCC/DCC/JCC reps who are elected at this year's AGMs and APCM. The individual Safeguarding Officers are keeping a record of who has attended the training and the date that they will need to be re-trained.
5. All clergy and readers undertake separate training every three years.
6. Posters highlighting the need for people to be vigilant regarding safeguarding, along with details of the safeguarding officer, are displayed in the churches and the church halls.
7. The Safeguarding Officers and clergy across the parish meet together, along with the Safeguarding Officers and clergy of St Paul's Walden and Preston, twice a year, to ensure that actions needed with regard to safeguarding are taking place and to support those who take on this important role within our churches.
8. Risk Assessments are required for all church related activities and whilst the topic appears under the Safeguarding banner on the diocesan website the ultimate responsibility remains with the Church Wardens, potentially delegated to the Health & Safety Officer. However, Safeguarding Officers will be consulted when there is a Safeguarding risk element involved.
Following the National introduction, and our adoption within the parish, of the on-line Parish Safeguarding Dashboard system, the system has provided greater visibility & prompts in relation to our work on "Promoting a Safer Church." The Safeguarding Dashboard works at three different levels:
Safer Foundations Safer Activities Safer Practices
ALL churches in the parish have now adopted this system and are working towards achieving Level 3 status. An action plan detailing the current status is easily produced and should be circulated to all members of the DCC/JCC ahead of their meetings, allowing time for general discussion and questions.
Actions which need to be taken or check have been taken
1. That the DCCs and JCC have considered the policy documents and have safeguarding as an item on the council's agenda at least once a year and that the Safeguarding Officer, if not a member of the DCC/JCC, be invited.
2. Those for whom training is still outstanding complete the appropriate level.
3. Those who are newly elected to the PCC/DCC/JCC at the AGMs and APCM complete the online training.
Page 4
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **REPORT OF THE TRUSTEES FOR THE YEAR ENDED 31 DECEMBER 2021**
## ADOPTION OF A SAFEGUARDING OBJECTIVE FOR 2022
"Everyone of us needs to do all that we can to make our churches as safe as humanly possible. Training is one of the key elements for good safeguarding. Our 2022 objective must be to ensure that we all make ourselves aware of the training courses available & ensure we complete the one that is relevant to our role in the church."
Bob Robinson, PCC Safeguarding Officer
Approved by order of the board of trustees on ............................................. and signed on its behalf by:
.......................................................................... Reverend C Bunce - Trustee
Page 5
## **INDEPENDENT EXAMINER'S REPORT TO THE TRUSTEES OF THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **Independent examiner's report to the trustees of The Parochial Church Council of the Ecclesiastical Parish of Hitchin**
I report to the charity trustees on my examination of the accounts of The Parochial Church Council of the Ecclesiastical Parish of Hitchin (the Trust) for the year ended 31 December 2021.
## **Responsibilities and basis of report**
As the charity trustees of the Trust you are responsible for the preparation of the accounts in accordance with the requirements of the Charities Act 2011 ('the Act').
I report in respect of my examination of the Trust's accounts carried out under section 145 of the Act and in carrying out my examination I have followed all applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
## **Independent examiner's statement**
Since your charity's gross income exceeded £250,000 your examiner must be a member of a listed body. I can confirm that I am qualified to undertake the examination because I am a registered member of Institute of Chartered Accountants in England and Wales which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
1. accounting records were not kept in respect of the Trust as required by section 130 of the Act; or
2. the accounts do not accord with those records; or
3. the accounts do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a true and fair view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Neil Harding FCA Institute of Chartered Accountants in England and Wales Bradshaw Johnson Chartered Accountants Croft Chambers 11 Bancroft Hitchin Hertfordshire SG5 1JQ
Date: .............................................
Page 6
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021**
|Notes
**INCOME AND**
**ENDOWMENTS FROM**
Donations and legacies
Other trading activities
2
Investment income
3
Other income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Promoting the mission of the
Church of England
**Total**
Net gains on investments
**NET INCOME**
**Transfers between funds**
11
**Net movement in funds**
**RECONCILIATION OF**
**FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED**
**FORWARD**|Unrestricted
funds
£
355,815
17,982
22,117
50,416
446,330
4,722
420,317
425,039
-
21,291
(900)
20,391
437,608
457,999|Restricted
funds
£
2,988
-
15,103
9,550
27,641
-
26,416
26,416
-
1,225
900
2,125
322,683
324,808|Endowment
funds
£
-
-
-
-
-
-
-
-
73,083
73,083
-
73,083
665,265
738,348|31.12.21
Total
funds
£
358,803
17,982
37,220
59,966
473,971
4,722
446,733
451,455
73,083
95,599
-
95,599
1,425,556
1,521,155|31.12.20
Total
funds
£
330,583
12,618
28,021
56,612|
|---|---|---|---|---|---|
||||||427,834
3,590
374,688|
||||||378,278
32,830|
||||||82,386
-|
||||||82,386
1,343,170|
||||||1,425,556|
The notes form part of these financial statements
Page 7
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **STATEMENT OF FINANCIAL POSITION 31 DECEMBER 2021**
|Notes
**FIXED ASSETS**
Tangible assets
7
Investments
8
**CURRENT ASSETS**
Debtors
9
Cash at bank
**CREDITORS**
Amounts falling due within one
year
10
**NET CURRENT ASSETS**
**TOTAL ASSETS LESS**
**CURRENT LIABILITIES**
**NET ASSETS**
**FUNDS**
11
Unrestricted funds
Restricted funds
Endowment funds
**TOTAL FUNDS**|Unrestricted
funds
£
-
253,655
253,655
13,968
276,130
290,098
(85,754)
204,344
457,999
457,999|Restricted
funds
£
-
289,614
289,614
-
35,194
35,194
-
35,194
324,808
324,808|Endowment
funds
£
157,000
581,348
738,348
-
-
-
-
-
738,348
738,348|31.12.21
Total
funds
£
157,000
1,124,617
1,281,617
13,968
311,324
325,292
(85,754)
239,538
1,521,155
1,521,155
457,999
324,808
738,348
1,521,155|31.12.20
Total
funds
£
157,000
1,020,093|
|---|---|---|---|---|---|
||||||1,177,093
20,001
257,507|
||||||277,508
(29,045)|
||||||248,463|
||||||1,425,556|
||||||1,425,556|
||||||437,608
322,683
665,265|
||||||1,425,556|
The financial statements were approved by the Board of Trustees and authorised for issue on ............................................. and were signed on its behalf by:
............................................. C Bunce - Trustee
The notes form part of these financial statements
Page 8
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **NOTES TO THE FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1. ACCOUNTING POLICIES**
## **Basis of preparing the financial statements**
The financial statements of the charity, which is a public benefit entity under FRS 102, have been prepared in accordance with the Charities SORP (FRS 102) 'Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland (FRS 102) (effective 1 January 2019)', Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Charities Act 2011. The financial statements have been prepared under the historical cost convention, with the exception of investments which are included at market value, as modified by the revaluation of certain assets.
The Parochial Church Council of the Ecclesiastical Parish of Hitchin meets the definition of a public entity under FRS 102.
## **Income**
Donations and legacies
Collections are recognised when received on behalf of the PCC. Planned giving receivable under covenant is recognised only when received.
Income tax recoverable on covenants or 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 notifies of its legal entitlement and the amount due.
Other trading activities
Funds raised by the fete, garden party and similar events are accounted for gross.
Rental income from the letting of church and church hall premises is recognised when the rental is due.
Sales of books and magazines from the church bookstall are accounted for gross.
Investment income
Gains or losses are recognised upon sale of the investments.
Interest is accounted for when receivable.
## **Expenditure**
Expenditure on charitable activities
Grants and donations are accounted for when paid over, or when awarded if that award creates a binding obligation on the PCC.
The diocesan quota or parish share is accounted for when payable. Any quota unpaid at 31 December is provided for in these accounts as an operational (though not a legal) liability and is shown as a creditor in the Balance Sheet.
## **Tangible fixed assets**
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 33% on cost
## **Taxation**
The charity is exempt from tax on its charitable activities.
continued...
Page 9
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **1. ACCOUNTING POLICIES - continued**
## **Fund accounting**
General funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application on the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted.
The accounts include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body nor those that are informal gatherings of Church members.
## **2. OTHER TRADING ACTIVITIES**
## **3.**
||31.12.21|31.12.20|
|---|---|---|
||£|£|
|Trading activities|17,982|12,618|
|**INVESTMENT INCOME**|||
||31.12.21|31.12.20|
||£|£|
|Interest receivable|22,158|12,543|
|Dividend income|15,062|15,478|
||37,220|28,021|
## **4. TRUSTEES' REMUNERATION AND BENEFITS**
There were no trustees' remuneration or other benefits for the year ended 31 December 2021 nor for the year ended 31 December 2020.
## **Trustees' expenses**
There were no trustees' expenses paid for the year ended 31 December 2021 nor for the year ended 31 December 2020.
## **5. STAFF COSTS**
The average monthly number of employees during the year was as follows:
||31.12.21|31.12.20|
|---|---|---|
|Office|2|2|
|Organist|1|1|
||3|3|
No employees received emoluments in excess of £60,000.
continued...
Page 10
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **6. 2020 COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES**
|**INCOME AND ENDOWMENTS FROM**
Donations and legacies
Other trading activities
Investment income
Other income
**Total**
**EXPENDITURE ON**
Raising funds
**Charitable activities**
Promoting the mission of the Church of England
**Total**
Net gains on investments
**NET INCOME/(EXPENDITURE)**
**Transfers between funds**
**Net movement in funds**
**RECONCILIATION OF FUNDS**
**Total funds brought forward**
**TOTAL FUNDS CARRIED FORWARD**|Unrestricted
funds
£
323,041
12,618
12,261
52,445
400,365
3,590
347,005
350,595
-
49,770
(1,054)
48,716
388,892
437,608|Restricted
funds
£
7,542
-
15,760
4,167
27,469
-
27,683
27,683
-
(214)
1,054
840
321,843
322,683|Endowment
funds
£
-
-
-
-
-
-
-
-
32,830
32,830
-
32,830
632,435
665,265|Total
funds
£
330,583
12,618
28,021
56,612|
|---|---|---|---|---|
|||||427,834
3,590
374,688|
|||||378,278
32,830|
|||||82,386
-|
|||||82,386
1,343,170|
|||||1,425,556|
The PCC only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured a their settlement value.
continued...
Page 11
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **7. TANGIBLE FIXED ASSETS**
|**COST**
At 1 January 2021 and 31 December 2021
**DEPRECIATION**
At 1 January 2021 and 31 December 2021
**NET BOOK VALUE**
At 31 December 2021
At 31 December 2020
**8.**
**FIXED ASSET INVESTMENTS**
**MARKET VALUE**
At 1 January 2021
Additions
Disposals
Revaluations
At 31 December 2021
**NET BOOK VALUE**
At 31 December 2021
At 31 December 2020
There were no investment assets outside the UK.
**9.**
**DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other debtors|Freehold
property
£
158,000
1,000
157,000
157,000|Office
equipment
£
8,380
8,380
-
-
31.12.21
£
13,968|Totals
£
166,380
9,380
157,000
157,000
Investments
£
1,020,093
15,075
(2,000)
91,449
1,124,617
1,124,617
1,020,093
31.12.20
£
20,001|
|---|---|---|---|
continued...
Page 12
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
**10. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR**
Other creditors
|31.12.21|31.12.20|
|---|---|
|£|£|
|85,754|29,045|
continued...
Page 13
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **11. MOVEMENT IN FUNDS**
|**Unrestricted funds**
General fund
Designated Office equipment fund - Hitchin
PCC
Designated Conference and training fund -
Hitchin PCC
Designated St Mary's vicarage - Hitchin PCC
Designated St Mark's vicarage - Hitchin PCC
Designated Holy Saviour vicarage - Hitchin
PCC
Designated St Faith's vicarage - St Faith's
Designated Curate's House repairs fund -
Hitchin PCC
Designated investment fund - Hitchin PCC
Designated St Faith's Vicar and Church
Warden fund - St Faith's
Designated Youth fund - St Mary's
Designated Homeless - St Mary's
Designated donations and legacies fund - St
Mary's
**Restricted funds**
Fabric fund - St Mary's
Organ fund - St Mary's
Hitchin conservation - St Mary's
Vicars fund - St Mary's
Discretionary fund - St Mark's
Centenary fund - St Mark's
Memorial gardens - St Mark's
Flower fund - St Mark's
General restricted fund - St Faith's
Building repair fund - Holy Saviour
Robes - Holy Saviour
Choir - Holy Saviour
Youth - Holy Saviour
Youth & Trinity - Hitchin PCC
Capital reserve fund - Hitchin PCC
Houses reserve fund - Hitchin PCC
Legacy fund - St Mark's
Outreach fund - St Mark's
M Gibbs - St Mark's
Messy Church - St Mark's
Rent-Holy Saviour
Donations and legacies fund - St Mark's
Churchsuite - St Mark's
Asylum fund - St Mark's|At 1.1.21
£
192,702
4,713
850
911
950
1,742
1,554
1,102
126,381
34,974
2,672
4,611
64,446
437,608
210,316
-
531
1,969
844
748
562
209
4,958
52,800
108
6,144
607
1,745
25,000
10,538
-
1,746
500
64
636
2,283
375
-|Net
movement
in funds
£
(8,060)
-
-
-
-
-
-
-
18,366
(1,370)
(2,672)
(1,000)
16,027
21,291
(104)
(900)
-
-
-
-
(21)
-
108
41
-
-
-
-
-
-
1,000
-
-
-
-
-
68
1,033|Transfers
between
funds
£
(900)
-
-
-
-
-
-
-
-
-
-
-
-
(900)
-
900
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|At
31.12.21
£
183,742
4,713
850
911
950
1,742
1,554
1,102
144,747
33,604
-
3,611
80,473|
|---|---|---|---|---|
|||||457,999
210,212
-
531
1,969
844
748
541
209
5,066
52,841
108
6,144
607
1,745
25,000
10,538
1,000
1,746
500
64
636
2,283
443
1,033|
continued...
Page 14
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **11. MOVEMENT IN FUNDS - continued**
|**Endowment funds**
St Mary's - endowment
PCC - property endowment
**TOTAL FUNDS**
Net movement in funds, included in the above are a
**Unrestricted funds**
General fund
Designated investment fund - Hitchin PCC
Designated St Faith's Vicar and Church
Warden fund - St Faith's
Designated Youth fund - St Mary's
Designated Homeless - St Mary's
Designated donations and legacies fund - St
Mary's
**Restricted funds**
Fabric fund - St Mary's
Organ fund - St Mary's
Memorial gardens - St Mark's
Mission fund - St Mark's
Fees - St Mark's
General restricted fund - St Faith's
Building repair fund - Holy Saviour
Giving - Holy Saviour
Legacy fund - St Mark's
Donations and legacies fund - St Mark's
Churchsuite - St Mark's
Asylum fund - St Mark's
**Endowment funds**
St Mary's - endowment
**TOTAL FUNDS**|322,683
508,265
157,000
665,265
1,425,556
s follows:
Incoming
resources
£
377,231
18,366
-
-
-
50,733
446,330
16,262
-
285
2,227
638
338
41
900
1,000
500
998
4,452
27,641
-
473,971||1,225
73,083
-
73,083
95,599
Resources
expended
£
(385,291)
-
(1,370)
(2,672)
(1,000)
(34,706)
(425,039)
(16,366)
(900)
(306)
(2,227)
(638)
(230)
-
(900)
-
(500)
(930)
(3,419)
(26,416)
-
(451,455)||900
-
-
-
-
Gains and
losses
£
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
73,083
73,083|324,808
581,348
157,000
738,348
1,521,155
Movement
in funds
£
(8,060)
18,366
(1,370)
(2,672)
(1,000)
16,027
21,291
(104)
(900)
(21)
-
-
108
41
-
1,000
-
68
1,033
1,225
73,083
95,599|
|---|---|---|---|---|---|---|
||||||||
||||||||
||||||||
Page 15
continued...
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **11. MOVEMENT IN FUNDS - continued**
## **Comparatives for movement in funds**
|**Unrestricted funds**
General fund
Designated Office equipment fund - Hitchin
PCC
Designated Conference and training fund -
Hitchin PCC
Designated St Mary's vicarage - Hitchin PCC
Designated St Mark's vicarage - Hitchin PCC
Designated Holy Saviour vicarage - Hitchin
PCC
Designated St Faith's vicarage - St Faith's
Designated Curate's House repairs fund -
Hitchin PCC
Designated investment fund - Hitchin PCC
Designated St Faith's Vicar and Church
Warden fund - St Faith's
Designated Youth fund - St Mary's
Designated Homeless - St Mary's
Designated donations and legacies fund - St
Mary's
**Restricted funds**
Fabric fund - St Mary's
Organ fund - St Mary's
Hitchin conservation - St Mary's
Vicars fund - St Mary's
Discretionary fund - St Mark's
Centenary fund - St Mark's
Memorial gardens - St Mark's
Flower fund - St Mark's
General restricted fund - St Faith's
Building repair fund - Holy Saviour
Robes - Holy Saviour
Choir - Holy Saviour
Youth - Holy Saviour
Youth & Trinity - Hitchin PCC
Capital reserve fund - Hitchin PCC
Houses reserve fund - Hitchin PCC
Outreach fund - St Mark's
M Gibbs - St Mark's
Messy Church - St Mark's
Rent-Holy Saviour
Donations and legacies fund - St Mark's
Churchsuite - St Mark's|At 1.1.20
£
216,201
4,713
850
911
950
1,742
1,554
1,102
118,218
34,974
3,066
4,611
-
388,892
212,302
612
531
1,969
454
748
520
209
4,845
52,518
108
6,144
607
1,745
25,000
10,538
1,793
500
64
636
-
-|Net
movement
in funds
£
23,922
-
-
-
-
-
-
-
8,163
-
(394)
-
18,079
49,770
(1,986)
(1,666)
-
-
390
-
42
-
113
282
-
-
-
-
-
-
(47)
-
-
-
2,283
375|Transfers
between
funds
£
(47,421)
-
-
-
-
-
-
-
-
-
-
-
46,367
(1,054)
-
1,054
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|At
31.12.20
£
192,702
4,713
850
911
950
1,742
1,554
1,102
126,381
34,974
2,672
4,611
64,446|
|---|---|---|---|---|
|||||437,608
210,316
-
531
1,969
844
748
562
209
4,958
52,800
108
6,144
607
1,745
25,000
10,538
1,746
500
64
636
2,283
375|
Page 16
continued...
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **11. MOVEMENT IN FUNDS - continued**
|**Endowment funds**
St Mary's - endowment
PCC - property endowment
**TOTAL FUNDS**|321,843
475,435
157,000
632,435
1,343,170|(214)
32,830
-
32,830
82,386|1,054
-
-
-
-|322,683
508,265
157,000|
|---|---|---|---|---|
|||||665,265|
|||||1,425,556|
Comparative net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Designated investment fund - Hitchin PCC
Designated Youth fund - St Mary's
Designated donations and legacies fund - St
Mary's
**Restricted funds**
Fabric fund - St Mary's
Organ fund - St Mary's
Discretionary fund - St Mark's
Memorial gardens - St Mark's
Mission fund - St Mark's
General restricted fund - St Faith's
Building repair fund - Holy Saviour
Giving - Holy Saviour
Outreach fund - St Mark's
Special Collection - St Mark's
Donations and legacies fund - St Mark's
Churchsuite - St Mark's
**Endowment funds**
St Mary's - endowment
**TOTAL FUNDS**|Incoming
resources
£
373,702
8,163
-
18,500
400,365
15,645
8
450
346
900
1,319
282
420
35
1,329
5,400
1,335
27,469
-
427,834|Resources
expended
£
(349,780)
-
(394)
(421)
(350,595)
(17,631)
(1,674)
(60)
(304)
(900)
(1,206)
-
(420)
(82)
(1,329)
(3,117)
(960)
(27,683)
-
(378,278)|Gains and
Movement
losses
in funds
£
£
-
23,922
-
8,163
-
(394)
-
18,079
-
49,770
-
(1,986)
-
(1,666)
-
390
-
42
-
-
-
113
-
282
-
-
-
(47)
-
-
-
2,283
-
375
-
(214)
32,830
32,830
32,830
82,386|Gains and
Movement
losses
in funds
£
£
-
23,922
-
8,163
-
(394)
-
18,079
-
49,770
-
(1,986)
-
(1,666)
-
390
-
42
-
-
-
113
-
282
-
-
-
(47)
-
-
-
2,283
-
375
-
(214)
32,830
32,830
32,830
82,386|
|---|---|---|---|---|
|||||49,770
(1,986)
(1,666)
390
42
-
113
282
-
(47)
-
2,283
375|
|||||(214)
32,830|
|||||82,386|
continued...
Page 17
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **11. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined position is as follows:
|**Unrestricted funds**
General fund
Designated Office equipment fund - Hitchin
PCC
Designated Conference and training fund -
Hitchin PCC
Designated St Mary's vicarage - Hitchin PCC
Designated St Mark's vicarage - Hitchin PCC
Designated Holy Saviour vicarage - Hitchin
PCC
Designated St Faith's vicarage - St Faith's
Designated Curate's House repairs fund -
Hitchin PCC
Designated investment fund - Hitchin PCC
Designated St Faith's Vicar and Church
Warden fund - St Faith's
Designated Youth fund - St Mary's
Designated Homeless - St Mary's
Designated donations and legacies fund - St
Mary's
**Restricted funds**
Fabric fund - St Mary's
Organ fund - St Mary's
Hitchin conservation - St Mary's
Vicars fund - St Mary's
Discretionary fund - St Mark's
Centenary fund - St Mark's
Memorial gardens - St Mark's
Flower fund - St Mark's
General restricted fund - St Faith's
Building repair fund - Holy Saviour
Robes - Holy Saviour
Choir - Holy Saviour
Youth - Holy Saviour
Youth & Trinity - Hitchin PCC
Capital reserve fund - Hitchin PCC
Houses reserve fund - Hitchin PCC
Legacy fund - St Mark's
Outreach fund - St Mark's
M Gibbs - St Mark's
Messy Church - St Mark's
Rent-Holy Saviour
Donations and legacies fund - St Mark's|At 1.1.20
£
216,201
4,713
850
911
950
1,742
1,554
1,102
118,218
34,974
3,066
4,611
-
388,892
212,302
612
531
1,969
454
748
520
209
4,845
52,518
108
6,144
607
1,745
25,000
10,538
-
1,793
500
64
636
-|Net
movement
in funds
£
15,862
-
-
-
-
-
-
-
26,529
(1,370)
(3,066)
(1,000)
34,106
71,061
(2,090)
(2,566)
-
-
390
-
21
-
221
323
-
-
-
-
-
-
1,000
(47)
-
-
-
2,283|Transfers
between
funds
£
(48,321)
-
-
-
-
-
-
-
-
-
-
-
46,367
(1,954)
-
1,954
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-|At
31.12.21
£
183,742
4,713
850
911
950
1,742
1,554
1,102
144,747
33,604
-
3,611
80,473|
|---|---|---|---|---|
|||||457,999
210,212
-
531
1,969
844
748
541
209
5,066
52,841
108
6,144
607
1,745
25,000
10,538
1,000
1,746
500
64
636
2,283|
continued...
Page 18
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **11. MOVEMENT IN FUNDS - continued**
|**MOVEMENT IN FUNDS - continued**|||||
|---|---|---|---|---|
|Churchsuite - St Mark's
Asylum fund - St Mark's
**Endowment funds**
St Mary's - endowment
PCC - property endowment
**TOTAL FUNDS**|-
-
321,843
475,435
157,000
632,435
1,343,170|443
1,033
1,011
105,913
-
105,913
177,985|-
-
1,954
-
-
-
-|443
1,033|
|||||324,808
581,348
157,000|
|||||738,348|
|||||1,521,155|
continued...
Page 19
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **11. MOVEMENT IN FUNDS - continued**
A current year 12 months and prior year 12 months combined net movement in funds, included in the above are as follows:
|**Unrestricted funds**
General fund
Designated investment fund - Hitchin PCC
Designated St Faith's Vicar and Church
Warden fund - St Faith's
Designated Youth fund - St Mary's
Designated Homeless - St Mary's
Designated donations and legacies fund - St
Mary's
**Restricted funds**
Fabric fund - St Mary's
Organ fund - St Mary's
Discretionary fund - St Mark's
Memorial gardens - St Mark's
Mission fund - St Mark's
Fees - St Mark's
General restricted fund - St Faith's
Building repair fund - Holy Saviour
Giving - Holy Saviour
Legacy fund - St Mark's
Outreach fund - St Mark's
Special Collection - St Mark's
Donations and legacies fund - St Mark's
Churchsuite - St Mark's
Asylum fund - St Mark's
**Endowment funds**
St Mary's - endowment
**TOTAL FUNDS**|Incoming
resources
£
750,933
26,529
-
-
-
69,233
846,695
31,907
8
450
631
3,127
638
1,657
323
1,320
1,000
35
1,329
5,900
2,333
4,452
55,110
-
901,805|Resources
expended
£
(735,071)
-
(1,370)
(3,066)
(1,000)
(35,127)
(775,634)
(33,997)
(2,574)
(60)
(610)
(3,127)
(638)
(1,436)
-
(1,320)
-
(82)
(1,329)
(3,617)
(1,890)
(3,419)
(54,099)
-
(829,733)|Gains and
Movement
losses
in funds
£
£
-
15,862
-
26,529
-
(1,370)
-
(3,066)
-
(1,000)
-
34,106
-
71,061
-
(2,090)
-
(2,566)
-
390
-
21
-
-
-
-
-
221
-
323
-
-
-
1,000
-
(47)
-
-
-
2,283
-
443
-
1,033
-
1,011
105,913
105,913
105,913
177,985|
|---|---|---|---|
## **Purpose of Unrestricted funds:**
These are to provide for general activities of the churches after allocation of income and expenditure to other funds.
## **Purpose of Designated funds:**
## **PCC**
Office equipment fund - This fund is intended to assist with the renewal of office equipment such as the photocopier at the end of its useful life.
continued...
Page 20
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **11. MOVEMENT IN FUNDS - continued**
Conference and training fund - This fund was created to assist with the costs of sending the wider team to the Bishop's Conference from time to time. The scope has been widened to include general training and conference costs for clergy or non-stipendiary staff.
St Mary's Vicarage - These are funds set aside to cover the costs of redecoration of the vicarage. St Mark's Vicarage - These are funds set aside to cover the costs of redecoration of the vicarage. Holy Saviour Vicarage - These are funds set aside to cover the costs of redecoration of the vicarage. St Faith's Vicarage - These are funds set aside to cover the costs of redecoration of the vicarage. Curate's House decorations fund - These are funds set aside to cover the costs of redecoration of the curate's house. Curate's House repairs fund - These are funds set aside to cover the costs of repairs of 67 Whitehill Road. Designated investment fund - This fund is the St Johns fund and the income is divided between St Marys (80%) and St Marks (20%).
## **St Faith's**
St Faith's Vicar and Church Warden fund - These funds are to be used at the discretion of the Vicar and Church Warden.
## **Purpose of Restricted funds:**
## **St Mary's**
Fabric fund - This fund is to provide for the maintenance of the church building. Organ fund - This fund is to provide maintenance of the organ. Hitchin conservation management fund - This is to help the future conservation management of the church. Vicars fund - This fund is the vicars discretionary fund.
## **St Mark's**
Children & Youth fund - This fund is to provide support for Youth Groups and Sunday School. Discretionary fund - This fund is available at Vicar's discretion for helping parishioners in financial need. Centenary fund - This fund is for the refurbishment of the Church hall and kitchen. Memorial gardens - This fund is for the upkeep of the memorial garden. Flower fund - This fund is to provide flowers in the Church. Mission - This fund is for specific mission projects.
Outreach - This fund was created by a gift givento the church of £1,000 which has been designated for outreach activities.
M Gibbs - This fund was created by a gift from M Gibbs in memory of her late husband, Messy Church - This fund consists of grant money given for set up costs for Messy Church.
## **St Faith's**
General restricted fund - This fund is to provide music, services and enhancement of the building.
## **Holy Saviour**
Building repair fund - This fund is to provide for repairs to the fabric of the Church. Robes - This fund is to provide replacement robes to the servers. Choir - This fund is to provide music or subsidy for younger members of the choir. Giving - This fund is monies collected for specific causes e.g. Bishops Appeal. Youth - This fund is to provide support to our work with the youth of the DCC.
## **PCC**
Youth fund - This fund is to help the parish with youth projects. Capital reserve fund - This fund is to underpin the PCCs future capital costs. Houses reserve fund - This fund is for the redecoration of clergy houses.
continued...
Page 21
**THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **NOTES TO THE FINANCIAL STATEMENTS - continued FOR THE YEAR ENDED 31 DECEMBER 2021**
## **11. MOVEMENT IN FUNDS - continued**
## **Purpose of Endowment fund:**
## **St Mary's**
Endowment - This is a fund which is held by the Diocese, for the long term viability of the Church.
## **PCC**
Property fund - This represents the Curates house in Whitehill Road, Hitchin, Hertfordshire.
## **12. RELATED PARTY DISCLOSURES**
There were no related party transactions for the year ended 31 December 2021.
Page 22
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021**
||31.12.21|31.12.20|
|---|---|---|
||£|£|
|**INCOME AND ENDOWMENTS**|||
|**Donations and legacies**|||
|Donations|350,053|317,083|
|Bequests|8,750|13,500|
||358,803|330,583|
|**Other trading activities**|||
|Trading activities|17,982|12,618|
|**Investment income**|||
|Interest receivable|22,158|12,543|
|Dividend income|15,062|15,478|
||37,220|28,021|
|**Other income**|||
|Fees receivable|23,476|14,485|
|Rent and hire of church|21,080|7,639|
|Other|15,410|14,703|
|Government grants|-|19,785|
||59,966|56,612|
|**Total incoming resources**|473,971|427,834|
|**EXPENDITURE**|||
|**Other trading activities**|||
|Raising funds|4,722|3,590|
|**Charitable activities**|||
|Charitable giving|10,661|11,310|
|Organist, choir and organ|21,620|18,165|
|Maintenance of services|5,771|3,573|
|Parish share|276,566|212,979|
|Other costs|18,734|8,845|
||333,352|254,872|
|**Support costs**|||
|**Management**|||
|Wages|41,339|43,644|
|Carried forward|41,339|43,644|
This page does not form part of the statutory financial statements
Page 23
## **THE PAROCHIAL CHURCH COUNCIL OF THE ECCLESIASTICAL PARISH OF HITCHIN**
## **DETAILED STATEMENT OF FINANCIAL ACTIVITIES FOR THE YEAR ENDED 31 DECEMBER 2021**
||31.12.21|31.12.20|
|---|---|---|
||£|£|
|**Management**|||
|Brought forward|41,339|43,644|
|Insurance|12,559|13,023|
|Light and heat|17,810|17,094|
|Telephone|2,032|6,782|
|Postage and stationery|3,467|1,218|
|Clergy working expenses|4,737|2,415|
|Repairs and maintenance|22,818|23,889|
|Cleaning|1,355|1,758|
|Other costs|784|3,513|
|Accountancy fees|6,480|6,480|
||113,381|119,816|
|Total resources expended|451,455|378,278|
|**Net income before gains and losses**|22,516|49,556|
|**Realised recognised gains and losses**|||
|Realised gains/(losses) on fixed asset investments|73,083|32,830|
|**Net income**|95,599|82,386|
This page does not form part of the statutory financial statements
Page 24