OpenCharities

This text was generated using OCR and may contain errors. Check the original PDF to see the document submitted to the regulator.

2021-12-31-accounts

Trustees'
report
Statement
offinancial		 activities
Balance sheet
Notes to the financial statements
Independent
examiner's
report
Architects lain Frearson, 20Shott Lane, Letchworth Garden City, Hertfordshire, SG6
1SE
Bankers National Westminster Bank, Station Place, Letchworth. SG63AL
Deanery Synod Madeleine
Nicholas
representatives Maureen
Phillips
(entitled to attend PCC)
Judith
Nash (retired)
4 ~ ~ 4 0
~
~ 4		 S
How the St Paul's Letchworth
is a registered
charity as well as being part ofthe Church
Church is ofEngland.
constituted The structure
and governance
arrangements
ofthe charity are set out by the
Church of England
and StAlbans Diocese. The church sits within the Hitchin
Deanery and the Archdeaconry
of StAlbans.
Full details ofgovernance
arrangements
are set out on the StAlbans Diocese web-site.
St Paul's is part ofaJoint Benefice with All Saints' Willian, jointly served by the
incumbent,
associate minister, curate, and readers.
All Saints' is administered
by its own PCC, appointed
from its own membership,
and has separate
financial records and accountability.
StPaul's PCC has no responsibility
forthe
pastoral or administrative
affairs ofAll Saints'.
PCC and The responsibilities
ofStPaul's PCC are enshrined
in the Parochial Church
Committees Councils (Powers) Measure 1956.As such, the purpose ofthe PCC isto
cooperate with the incumbent
in promoting
in the parish the whole mission of
the Church, pastoral, evangelistic,
social and ecumenical.
The PCC is
responsible
for the maintenance
ofall church buildings
and grounds,
ensuring
the smooth
running ofthe church and for ensuring that the church
in compliant
with all relevant
legislation
relating to its functions —health and safety, data
protection, safeguarding
and employment
law. The ordained
ministers,
curates, readers and church wardens become members ofthe PCC on
appointment.
Elected members are appointed
by ballot ofchurch members at
the APCM on 3-year terms, with vacancies during the year being filled by PCC.
PCC meets its objectives achieved through:
~
Full PCC meetings 6times ayear, bi-monthly
~
Standing Committee,
which has powers toact on behalf ofPCC,
meeting 6times ayear bi-monthly,
alternating
with PCC;
~
Missionary
Committee
which oversees the church's
links with our
mission partners
~
Ad hoc task groups, formed during the year as required.

Unrestricted Restricted Total Total
Note Funds Funds 2021 2020
Income E E E E
Voluntary
income		 225,269 20,383 245,652 220,681
Income from fees and charges 16,638 16,638 14,797
Income from local mission activities 321 321 332
Income from investments 45 45 358
Other 40 225 265 579
Total incoming resources 241,992 20,929 262,921 236,747
Expenditure
Ministry 49,802 1,196 50,998 44,874
Parish share 84,212 84,212 84,212
Support provided to missionaries 21,201 21,201 26,908
Cost ofgenerating fees and charges 26,536 59 26,595 26,166
Costs oflocal mission activities 3,659 2,414 6,073 2,703
Buildings and other running costs 145,834 5,164 150,998 47,586
Total resources used 331,244 8,833 340,077 232,449
Net income/(expenditure) (89,252) 12,096 (77,156) 4,298
Total funds brought forward 91,261 13,091 104,352 100,054
Total funds carried forward 2,009 25,187 27,196 104,352
9,912 9,912
9,912 9,912
Current assets
Debtors 9,140 14,237
Cash and cash equivalents 129,516 94,547
Total current assets 138,656 108,784
Creditors: amounts falling
due within one year 2,842 3,926
Net current assets 135,814 104,858
Total assets less current liabilities 145,726 114,770
Provisions for liabilities 118,530 10,418
Total net assets 27,196 104,352
Funds 10
Restricted funds 25,187 13,091
Unrestricted
funds		 2,009 91,261
Total funds 27,196 104,352

2 Analysis of I nc ome
Unrestricted Restricted 2021 2020
E f
Voluntary
Income
Covenanted giving 163,420 2,010 165,430 159,371
Collections 1,926 1,926 4,728
Donations and gifts 18,405 17,760 36,165 15,358
Gift Aid tax recoverable 41,518 613 42,131 41,224
Total 225,269 20,383 245,652 220,681
Income from fees and
charges
Weddings
and		 funerals 6,426 6,426 2,792
Church hail lettings 10,212 10,212 10,872
Other 1,133
Total 16,638 16,638 14,797
3 Expenditure Analysis
Unrestricted
Restricted		 2021 2020
E E f
Ministry
Clergy 2,582 2,582 4,614
Children
and		 families 26,315 1,196 27,511 25,948
Youth work 20,905 20,905 14,312
Total 49,802 1,196 50,998 44,874
Unrestricted Restricted 2021 2020
E E f
Buildings and other running costs
Church building 114,936 2,764 117700 7,048
Equipment noncapital and maintenance
3,626		 2,400 6,026 14,428
Administration costs 26,672 26,672 24,970
Independent examiner fee 600 600 1,140
Total
145,834		 5,164 150,998 47,5&6
affcosts
2021 2020
f
Staff costs
Wages and salaries 57,606 47,483
Social security costs 675
Pension costs 3,456 3,630
Total 61,906 51,788
Average number ofemploy ees
in the year:
No. No.
Ministry team 2.0 2.0
Administration 0.6 0.6
Total 2.6
2021 2020
E
Cost at 1January 2021 9,912 9,912
Cost at 31January 2021 Total 9,912 9,912
2021 2020
E f
Trade debtors
Gift Aid tax recoverable 8,756 9,671
Taxation and social security 4,458
Other debtors
Prepayments and accrued income 384 108
Total 9,140 14,237
7 Cash and cash equivalents
2021 2020
f
Short term deposits 109,744 74,699
Cash at bank and in hand 19,772 19,848
Total 129,516 94,547
2021 2020
f f
Trade creditors 1,546 1,880
Accruals and deferred income 1,122 1,808
Other
creditors 174 238
Total 2,842 3,926
2021 2021 2020
E f
Balance atthe start ofthe reporting period 10,418 10,418
Amounts added in current period 108,112
Amounts
charged		 against the provision in the current period
Balance at the end ofthe reporting period Total 118,530 10,418
provision
was set		 with a view to covering the cost ofthe repairs based on the estimate provided
 wit
architect's
quinquennial
inspection		 report ofJune 2021.Subsequent to the year-end, a structural
s		 ur
been completed and the estimated costs of full repair to the North Aisle roof are f157,000 excluding V
h is approximately a f140,000 increase in the estimated
costs on which this provision		 was set. We wo
nable to meet the full costs of these repairs without jeopardising our going concern basis. There a re
ractual
commitments		 at this time and we are unlikely to enter into any prior to establishing how th
enses
will be funded.		 The PCC recognises the need to seek alternative funding
arrangements		 {incl ud
not limited to financial grants) in the next financial period but the provision remains as the contribu ti
e roof repairs that the PCC are able to fund themselves.
nds
Fund
Fund Name Type Balance
Brought
Forward		 Income Expenditure Fund Balance
Carried
Forward
General General 26,349 89,252 {62,903)
Capital Designated 9,912 9,912
Working Capital Designated 55,000 55,000
Buildings Restricted 2,369 11,000 2764 10,605
Flowers Restricted 1,126 258 408 976
Luncheon
Club		 Restricted 1,792 493 1,299
Toddlers Restricted 1,415 247 364 1,298
Audio Visual
Equipment Restricted 1,875 525 2,400
Welfare Restricted 2,806 643 2,163
Children's
Work		 Restricted 1,500 2,513 59 3,954
Home Worship
Packs Restricted 208 790 432 566
Youth Worker
Events Restricted 1,028 1,028
Little Eden Restricted 4,244 1,196 3,048
Connect Diocese Restricted 250 59 191
Community
Cafe		 Restricted 69 15 54
Wild Wednesday Restricted
Total 104,352 20,929 98,085 27,196

ysis ofnet assets between f unds
General Designated Restricted
funds Funds Funds Total 2021
f f f
Fixed assets 9,912 9,912
Current assets 58,469 55,000 25,187 138,656
Creditors and provisions (121,372) (121,372)
Total net assets Total (62,903) 64,912 25,187 27,196
2021 2020
f f
Parish Share 84,212 84,212
Total 84,212 84,212
2021 2020
f f
Wedding and funeral fees 2,667 1,757
Total 2,667 1,757