2021-12-31-accounts

Contents	Pages
ANNUAL REPORT OF THE PAROCHIAL CHURCH COUNCIL
Part I:Aun and purposes
Patt 2:Objectives and activities
Part 3:Achievements and performance
Part 4:Financial review
Part 5:Financial statements (set out on pages 11-21)
Part 6:Plans for future periods
Part 7:Structure, governance and management
Part g:Administrative information
FINANCIAL STA TEIvtENTS
Statement ofPCC responsibilities
Independent examiner's report	10
Statement offinancial activities
Balance sheet	12
Cash flow statement	13
Notes tothe financial statements	14

FO	R THE Y	EAR TO 31DEC	EMBER2021
		Unrestricted	Restricted	2021	2020
		funds	funds	Total	Total
	Note
Incoming resources
Voluntary income	7A	177,856	133'IS	311)774	303,845
Income from investments	7B	90/27		90+27	80,835
Activities for generating
funds	7C	590		590	594
Income from Church
activities	7D	~6193		~6193	7 185
Total incoming resources		274,866	133/18	408,784	392,459
Resources expended
Costs ofgenerating voluntary
income	SA	330	1,483	1,813	4,795
Church activities —mission and
Charitable giving	SB		3,011	3)011	17,064
Church activities —directly
relating to the work ofthe
Church	SC	286,782	115,138	402,010	378,417
Governance costs	SD	1 00		~1200	I 920
Total resources expended		288,402	119,632	408,034	402,196
Net incoming resources		(13,536)	14/86	750	(9,737)
Balance b/f at 1January 2021		3~2349	~83 322	~115671	125408
Balance c/fat31December 2021		18,813	97,608	116,421	115,671

				Note	2021	2020
Fixed assets
Tangible assets for		usc	by the PCC		~6001	~600
Current assets
Stock					5427	5,686
Debtors				10	6419	43,924
CBFdeposits					125	125
Cash and CBFre: Restoration Cash at bank and in hand					6)813 ~0321	4, l47 ~66
Total					125,705	ll3,348
Liabilities: amounts within one year			falling due		~15285)	~367 )
Nct current	assets				110,420	109,670
Net assets					116,421	115,67 I
Funds
Unrestricted
Undesignated					11,179	24,715
Designated					~7634	~76 4
Total unrestricted		funds		12	180813	32,349
Restricted				13	~976 8	8 322
Total				14	116,421	1 l5,671

CASH FLO	W STATEME	N	T FOR THK YEAR	ENDED 31DECEMBE	R2021
				2021	2020
Net income/(expenditure)	for the year as		per the SOFA	750	(9,737)
Adjustments for:
Dividend, interest and rents	from investments			(90,227)	(80,835)
(Increase)/decrease in stocks				459	357
(increase)/decrease in debtors				37,705	(23,395)
Increase/(decrease) in creditors				~11607	(~10324
Net cash provided by/(used	iu) operating		activities	(39,706)	(123,934)
Cash flows from operating	activities
Net cash provided by/(used)	in operating	activities		(39,706)	(123,934)
Cash flows from investing	activities
Dividend, interest and rents	from investments			~90227	80 835
Net cash provided by/(used	in) investing		activities	90/27	80,835
Cash flows from financing	activities
Repayments ofborrowing
Net cash provided by/(used	in) financing		activities
Change in cash and cash equivalents during
the repotting period				50,521	(43,099)
Cash and cash equivalents at the beginning			of
the reporting period				~63738	106837
Cash and cash equivalents	at the end of
the reporting period				114)259	63,738
Analysis ofcash and cash	equivalents
Cash at bank and in hand				~114 59	63 738
Total cash and cash equivalents				114/59	63,738

7. Incoming resources	7. Incoming resources				Unrestricted	Restricted	2021	2020
					Funds		Total	Total
A. Voluntary income
Planned giving:
with Gift Aid					105,158		105,158	109,973
Income tax recoverable					24,476	1/31	26,707	32,802
Other					22&792	8,329	31,121	17,027
Collections at services					8&342		8,342	9,310
Wall safes					1,750		1,750	2,420
Sundry donations					7,811	18,101	25,912	28,552
Grants for the choir	and music					54,000	54,000	54,000
Other grants					6,462	35,337	41,799	29,658
Appeals and special	collections				65	9,220	9,285	7,215
Restoration Appeal						2,700	2,700	2,888
Legacies						~5000	~5000	10000
Total					177,856	133,918	311,774	303,845
B. Investment income
Interest —including	Restoration		Appeal	interest				I
Rents receivable					61,026		61,026	60,180
Other income from	lettings				~29201		2~901	20 654
Total					90/27		90427	80,835
C. Activities for generating		funds
Shop sales					590		590	594
Total					590		590	594
D. Income from Church Activities
Parish paper sales					736		736	1,072
Choir fees					5,258		5&258	5,664
Other fees					199		199	449
Total					6,193		6,193	7,185
Total incoming resources					274,866	133,918	408,784	392,459

					Unrestricted	Unrestricted	Restricted	2021	2020
						Funds		Total	Total
								g
A. Costs ofgenerating		voluntary	income
Advertising									1,391
Fund-raising expenses						330	~1483	~1813	3 404
						330	1,483	1&813	4,795
B. Church activities-	mission and		charitable		giving
Mission and charitable	giving						3,011	3,011	17,064
C. Church activities-	directly relating			to the	work	ofthe church
Diocesan Common Fund		contribution				130,000		130,000	136,800
Choir and music						2,841	55450	58,091	69,234
Organ —tuning and repair						5,648	1,434	7,082	5,102
Altar, sanctuary and flowers						5,996	15,884	21,880	8,279
Clergy expenses						3,978	4/50	8/28	3,528
Shop cost ofsales						622		622	357
Parish paper						588		588	966
Maintenance, repairs and		renewals				25426	35g84	61@10	55,630
Heat, light and water						12,979		12)979	1,077
Insurance						15,787		15)787	15,968
Walsingham parish retreat									150
Restoration appeal —costs incurred									2,435
Salaries, wages and stafl'		expenses				71/39		71,539	63,367
Office expenses						10,677	2,336	13,013	13,935
Sundry expenses						143		143	632
Diocesan fees
Bank charges						748		748	957
Total						286&782	115,138	402,010	378,417
D.Governance costs
Audit fee						1,200		I/00	1,920
Total resources expended						288,402	119,632	408,035	402,196

9. Fixed assets for us	e	by the	PCC
				Freehold
				Building	Equipment	Total
Gross book value:
At 1 January 2021				6,000	12,419	18,419
Cost ofequipment	bought during year
Cost ofequipment	scrapped		during year
At 31December 2021				6,000	12,419	18,419
Depreciation:
At 1 January 2021					12,418	12,418
Charge for the year
Relating to scrapped		equipment
At 31December 2021					12,418	12,418
Net book value
At 1 January 2021				~6000		~6001
At 31 December 2021				6,000		6,001
10.Debtors
				2021		2020
HM Revenue &Customs				3,338		34,635
Other debtors				~2881		9289
Total				6419		43,924
11.Liabilities
				2021		2020
Due within one year:
Other creditors				~15285		3 678
Total				15/85		3,678

					Opening	Movement	Closing
					balance	in 2021	balance
Undesignated:
General					19,029	(13,077)	5,952
Shop stock					5 686	~459	~527
					24,715	(13,536)	11,179
Designated:
6Margaret	Street				7 634		~7634
Total					32,349	(13,536)	18,813
13.Restricted	funds
					Opening			Closing
					balance	Income	Expenditure	balance
								K
Vicar's discretionary				fund	3,0lI		3,011
Mission					2,523			2,523
Collections	and	appeals			6,356	20,710	14,590	12,471
Choir and Music fund					4,382	54,000	55450	3,132
Live streaming		fund			12,832	2,500	3,320	12,012
Organ restoration			appeal		5,330	337	1,434	4/33
Vestments,	hangings			and sundries	120	18,671	7,027	11,762
Restoration	appeal				48,768	2,700		51,468
All Saints Foundation						~35000	~35 000
Total					83,322	133,918	119,632	97,608
14.Analysis ofassets			over types offunds
							Net current
						Fixed assets	assets	Total
						8
Restricted funds							97,608	97,608
Unrestricted	funds
Designated						6,000	1,634	7,634
Undesignated						1	~11178	~11179
Total						6,001	110,420	116,421

Staff costs				2021	2020
Gross salaries				65/69	59,820
Employer's national	insurance	contributions
Pension contributions	to defined contribution		schemes	~5270	3 547
Total				71,539	63,367

			2021	2020
This is stated	after charging:
Independent	Examiner's	remuneration	1,200	1,920