2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Mary's Watford

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Vicar	The Revd Tony Rindl
Curate	The Revd Josh Brocklesby
Churchwardens	Miss Alison Saunders	(Vice-Chair)	to 2022 APCM
(ExOffici)	Mr Peter Dean		to ZOZZ APCM
Deanery Synod (2021-2023)	Mr Peter Dean		to 2023APCM
(Ex Officio)	Ms Tilly Elliott		to 2023 APCM
Diocesan Synod (2021-24)	Miss Cathy Honeyman		to 2024 APCM
(Exofficio
Elected Members	Mr Ivor Jones		to 2021 APCM

Mr	Victor Kitange		to 2021 APCM
Mr	Roger Courtney		to 2022 APCM
Mrs	Pat Moore	moved	away during 2021
Mrs	Jane Carter		to 2022 APCM
Mrs	Abieuwa Idris		to 2023 APCM
Mr	Clinton Dan Jumbo		to 2023 APCM
Mr	David Scourfield		to 2023 APCM
Ms	Joanna Cooper		to 2024 APCM
Mrs	Margaret Greenstreet		to 2024 APCM
Ms	Anniefrida Kadzura		to 2024 APCM

SOFA 2021
				Unrestricted	Designated	Restricted	Endowment	Total Funds
				Funds	Funds	Funds	Funds	Z021	2020
			Note			E	E	E	E
Income and endowments		from:
Donations and legacies			2(a)	139,481		23,443		162,923	236,455
Income from charitable	activities		2(h)	1,431	51,285			52,716	58,547
Other trading activities			2(c)	27,037				27,037	26,213
Investments			2(d)	20,108	1,120	59	213	21,500	22,440
Otherincome			2(el	8,359	3,964			12,324	10,574
	TOTAL Income			196jl26	56,369	23,502	213	276,500	354,228
Expenditure on:
Raising funds			3(a)	9,021				9,021	6,203
Expenditure on charitable		activities	3(bl	215,131	39,806			299,820	414,839
Other expenditure			3(c)		10,715			10,715	12,599
TOTAL		Expenditure		Z24,152	50,521	44,884	0	319,556	433,641
Net income/expenditure transfers	before			-27,736	SJht9	-22@82	213	v)3,056	-79,413
Trans/ers
Gross transfers between	funds - in			54,159	0			54,159	60,000
Gross transfers between	funds -out			0	-54,159			-54,159	-60,000
Net income/expenditure gains/losses	before other			26,423	-48,310	-21,382	213	-43,056	-79,413
Gains/losses on investment		assets			2,477		1,669	4,146	2,051
Net movement in funds				26,423	-45,833	-21,382	1,881	-38,910	-77,362
Balances brought forward at lianuars 2021				617,935	204AZT	SZZIGS	15,707	790,934	868+96
Balances cawied forward at31December 2021							17,588	752,024	790,934

					ST MARY'5 WATFORD	ST MARY'5 WATFORD	ST MARY'5 WATFORD	ST MARY'5 WATFORD
BALANCE SHEET
							2021			2020
						8			E	8	E
					Note
Fixed Assets
Tangible fixed assets									101,865		100,540
investments
Church Board ofFinance			share accounts						29,892		25,746
63Brightweg Road									430,000		430,000
Current Assets
Debtors					7	16713				25,04D
Investments						4,315				4,102
Shortterm deposits						108,746				177,803
Cash at bank and in		hand				100,565				81,087
						230,338				289,032
Creditors: amounts		falling due within		one year	8	(19/52)				(33,765)
Net Current Assets									210,886		255,267
Total Assets less	Current		Llabgities						772,643		S11,5SS
CreditOrs: amounts Net Assets		faglng due after		one year				(20,619) ~752024			(20,619) 790,934
Funds
Unrestdicted	Ik	Designated							702,952		722,363
Restricted									31,483		52,865
Endowment									17,588		15,7D7
									752,024
				dfdt-Wacs 2			PEP		4)
Theseaccounts	wereapprovedbythe			pccon		ant)signed	on	their	behalfby
Rev Tony Rindl						Peter Dean
Chair						Chair of	Finance

2. Income and e	nd		owments
from:				Unrestricted	Designated	Restricted		Endowment	Total Funds
				Funds	Funds	Funds		Funds	2021	202D
					E		E	E	E	E
2(a) Donations and legacies
Planned giving				99,865		9,543			109,408	108,415
Income tax recoverable	on giving			20,658		1954			22,612	35,408
Collections atservices				3,402					3,402	3,421
Gift days									0
Income tax recoverable	on gift days								0
Sundry donations				2,806					2,806	38,865
Restricted donations						8,496			8,496
Income tax recoverable	on	restricted					400
donations
Grants				12,750					12,750	40,00D
Donations to development		fund							0	346
income tax recoverable	on	devpt fund							D
Donations to Church Centre refurbishment						2,400			2,400
Income tax recoverable	on	Church Centre					550		55D
refurbishment
Legacies							100			10,000
				139,481	0	23.443		0	162,923	236,455
2(b) Income fram charitable			activities
Coffee &lunches served									0	201
Income from youth Group activities				30					30	102
Income from social/outreach			events						0
Uterature salesiL concerts			receipts	38					38	476
Fees				1,363					1,363	826
Vacancy income									0
Pre-School fees/funding/donations					51,285				51,285	56,942
				1,431	51,285		0	0	52,716	58,547
2(c)other trading actarlties
Church Centre 1ettings				27,037					27,037	26,213
Fundraising for development			fund						0
				27,037	0		0	0	27,037	26,213
2(d) Investments
Interest 8 dividends				128	1,120		59	213	1,520	2,460
63grightweg Road rental				13,980					13,980	13,980
Cloisters Office occupancy				6,000					6,000	6,000
				20,108	1,120		59	213	21,500	22,440
2(e) Otherincome
Government IRSgrant income				8359	3964.43				12,324	10574
Payments for personal	photocopymg								D
Insurance claims									0
Contra Account									0
				8,359	3,964		0	0	12,324	10,574
TOTAL Income and Endowments				296/I26	56,369	23,502		213	276,500	354,228

					ST	MARY'5 WATFORD	MARY'5 WATFORD
3. Expenditure on:					Unrestricted	Designated	Restricted	Endowment		Total Funds
					Funds	Fuiids	Fuilds	Funds		2021	2020
					6	f	6		f	6	E
3(a) Raising funds
Salary cost (admin)					4,433					4,433	2,227
Salary cost(Caretaker)					2,974					2,974	1,505
Stewardship envelopes					230					230	302
Printing, stationery, postage,		etc								0
Costs offundraising events										0
Letting Agency					1,385					1,385	2,168
					9,021	0	0		0	9,021	6,203
3(b) Expenditure on charitable			a«tlvities
Giving to overseas missions							7,472			7,472	13,184
Giving to relief/development		agencies								0
Giving to UK missions					5,670		4,0Z4			9,694	11,187
PCCTithe from rental income					3,165					3,165	3099
Padish Share					98,463					98,463	101,379
Clergy expenses					2,112					2,112	1,853
Other ministry costs										480
Music					4,330					4,330	3,321
Staff training										0
Youth Club and Sunday School							146			151	27
Pre-School						38,274				38,274	41,253
Church and Church Centre:										0
Runnirig expenses					33,773					33,773	30697
Routine inspections and	maintenance				7,739					7,739	4,823
Major maintenance and	planned
improvements:
Church Centre Roof/ Refurbishment project						1,532	31,441			32,973	127,693
Unplanned maintenance	and		repairs		2,984					2,984	5,903
Quinquennial inspection	fee									0
Furniture, fixtures &fittings		purchased			214		1,469			1,683	250
Houses: maintenance, insurance,				etc	2,939					2,939	6,122
Administration and office costs					11,777					11,777	12,858
Salary costs re Governance	(admin			&fm)	6,041					6,041	7369
Printing, stationery, postage,		etc			2,716					2,716	2698
Advertising					302					302	556
Children &Youth Work					21,143					21,143	24,795
Lead Chaplain					4,415					4,415	7,117
Uterature &concerts expenditure					38					38	516
Mission and evangelism activities										0
Minibus running costs					2,675					2,675	2,589
Coffee 8 lunches, provisions		purchased								0	264
Miscellaneous expenditure					69					69	698
Asset depreciation							331			331
PCCtraining										0
Audit fees &related costs					4,080					4,080	4,200
Contra Account										0
					215,131	39,806	44,884		0	299,820	414,839

5. FIXEOASSElS FOR USE BYTHE PCC
	Freehold		Leasehold	Cooker		TOTAL
Gross BookValue
At 13anuary 2021			100,540			100,540
Additions				1,656		1,656
Transfer to investment							0
At31December 2021		0	100540	1	656	102	196
Depredation
At 1January 2021
Charge for 2021					331		331
At31December 2021		0	0		331		331
Net BookValue
At 31December 2020			100,540			100,540
Disposals
At31December 2021		0	100,540	1,325		101,965

6. INVESTMENTS
	es a R ed	'eht	O	Ch Fv d	cel	Church Hell Site Old Free „n m		Old F e School ReCOepment ioen "			Olde School ReCOupment nl loan		len Vounemen Pnce Fund	Total
Brought forward at1January 2021		430000			7238		2363		3437			10705	2004	455746
Transfer from fixed assets														0
Movement in value					1041		340			603		1874	288	4146
Cardied forward at 31December 2021		430	000		8279		2703		4	039		12579	2292	459892
7. DEBTORS						2021							ZOZB
Income tax recoverable (Gift Aid)							7,031						10,775
Dorothy Longland Trust for curate													6,000
The Lawton Trust													5,000
Church Centre lettings fees due							150						90
Pre-School fees due
Rent(Old Creche Room) WTRRP							3,000						3,000
Prepayments													230
Rent paid in advance													695
Other						6,531 ~16713							640
8. CREDITORS
						2021							2020
Amounts falling due within one year							E						E
Accrual for independent examination	fee						4,080						3,960
Agency Cogectlons							2,620						2,413
Other accruals and creditors Ir							12,752						27,393
							197ISZ						33,765
Amounts falling due after one year Old Free School loans (repayable in 2041and 2053)'""'						E 20,619 ~20619							E 20,619 ~20619

9. UNRESTRICfEO AND DESIGNATED FUNDS	9. UNRESTRICfEO AND DESIGNATED FUNDS	9. UNRESTRICfEO AND DESIGNATED FUNDS	9. UNRESTRICfEO AND DESIGNATED FUNDS	9. UNRESTRICfEO AND DESIGNATED FUNDS
				Balance at	Movements		in Resources		Balance at
				01/01/2021	Incoming	Transfers		Outgoing	31/12/2021
				E	E		E	E	E
General	Fund			617,935	196,416		54,159	(224,152)	644,358
Children	and Youth Worker			0					0
Pre-School Fund				3,000	5525D			(38,274)	19975
Development Fund				71,796	1120	(40,201)		(10,715)	22,000
Church	Centre Refurbishment		(incl. roof)	15,489		(13,958)		(1,532)	0
Kitchen	Fund			0					0
OFS Recoupment		Fund		14,142	2,477				16,619
					255 262

			Balance at	Movements	Movements	in Resources	in Resources	Balance at
			01/01/2021	Incoming	Transfers		Outgoing	31/12/2021
			E	E		E	E	E
External Giving	Fund		26,411	11,496			(11,496)	26,411
Legacies Funds			1,465	1				1,466
Restricted donatians			1,488	8,996			(8,896)	1,588
Youth Fund			55					55
Sunday Schaal	Fund		575	58.25			(146)	487
Kitchen Fund (cooker)			3,277				(1,800)	1,477
Development	Fund		0					0
Church Centre	Refurbishment	(incl. roof)	19,595	2,950			22 545)	0

				STMARYS	WATFORD	WATFORD
11. ENDOWMENT FUNDS
				Balance at		Movementsin	Resources	Balance at
				31/12/2020		Incoming	Outgoing	31/12/2021
					E	6	E	E
ChancelFund
CBFInvestment Account (354shares)					7,238	1,041		8,279
CBFDeposit Account					4,102	213		4,315
Old Free School Fund
CBFInvestment Account (115.56shares)zz					2,363	340		2,703
lan Youngman Pdize Fund (98shares)u					2,004	288		2,292
				15,707		1,881	0	17,588
Dividend for general	use 668.68(666.32 in		2020).
Dividend for Sunday	School prize E58.25(E56.24 in 2020).
12. ANALYSIS OF NET ASSETS BETWEEN FUNDS
	unrestricted			Restricted		Endowment	Total	Funds
		Funds		Funds		Funds	2021	2020
			E		E		E	E
Fixed Assets		200~		1324.74			101,865	100,540
Investments (Shares)		446,619				13,273	459,892	455,746
Cash at Bank		181,018		28,292		4,315	213,625	263,992
Other Net Current Assets		(4,605)			1,866		(2,739)	(8,726)
Uabilities over one year		(20,619)					(20,619)	(20,619)
		702,952		31,483		17,588	752,024	790,934

14. INCO	ME RECENE	O FROM	TRUSTEES (and their relate	d parties)
				2021	2020
Donations	without restrictions		zs	30322	36236
Reportable	payments			25	None
zz Trustees	include serving members ofthe PCC and those			in positions ofmanagement	ofthe charity and their families.
15. PLANNED MAIOR WORK
Authorised	Ca ital Ex	endlture	at31December 2021
Bell Chamber				10000
AV Upgrade (ESDk less 640Kgrant promised)				10000
Church WIFi				3,000
				23,000
Of which	contracted	Ca Ital Ex enditure at31December		2021 is