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|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|
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|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|
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|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|
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|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|
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||||||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|
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|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|
##
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||||||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|
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|||||||
|---|---|---|---|---|---|
|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|
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