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|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|
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