Registered Charity no. 113696
The Parochial Church Council of St George with St Martin Poynton Known as St George's Church Poynton
Trustees Annual Report and Accounts Year Ended 31st December 2021
St George's Church Poynton
Year Ended 31st December 2021
Contents Page
| Page | |
|---|---|
| Legal and Administrative Information | 1 |
| Trustees' Annual Report | 4 |
| Independent Examiners Report | 7 |
| Statement of Financial Activities | 8 |
| Statement of Financial Position | 9 |
| Notes to the Financial Statements | 10 |
St George's Church Poynton
Year Ended 31st December 2021
Legal and Administrative Information
Reference
The Charity is called “The Parochial Church Council of St George with St Martin Poynton”. The Parochial Church Council is known as the PCC for short. Other names which are used for the charity are "St George's Church Poynton". The Church is registered with the Charity Commission for England and Wales and was registered on the 22 January 2010. Before this the church was excepted registration.
Registered Charity Number
Registered Office
113696 Poynton Parish Church Fountain Close Poynton Stockport Cheshire SK12 1NH
Website
poyntonparishchurch.org
Membership
Members of the PCC are either ex officio or elected at the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules. From the last APCM the following served as members of the PCC.
Vicar: Associate Minister:
Rev Matthew Swires-Hennessy Christine Buckley
1
St George's Church Poynton
Year Ended 31st December 2021
Legal and Administrative Information
Parochial Church Council (PCC) Members and Trustees
The council members and trustees who have served during the year until the date this report was approved are:
| Date | Date | |
|---|---|---|
| Member | Appointed | Resigned |
| Rev Matthew Swires Hennessey | 25/10/2020 | |
| Rev Christine Judith Buckley | ||
| Brain Clarke | ||
| Eileen Shore | ||
| Peter John Walker | ||
| David Brackenbury | ||
| David Jack Capener | 21/06/2021 | |
| Susan Patricia Coleman | ||
| Elisabeth Bowles | ||
| Leslie Hutchinson | ||
| David Myers | ||
| Michael Bradley | ||
| Joseph Hadfield | 01/09/2021 | |
| Victoria Timothy | ||
| Linda Bell | ||
| Helen Kershaw | ||
| Joyce Corlett | ||
| Sheila Vogler | ||
| Valerie Vibrans | ||
| Hannah Brackenbury | ||
| Margaret Goode | ||
| Ameer Aldabbagh | ||
| Helen Bradley | 01/06/2021 | |
| Dave Mcclelland | ||
| Valerie Gail Parry | ||
| Vivienne Metcalfe |
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St George's Church Poynton
Year Ended 31st December 2021
Legal and Administrative Information
Primary Bankers
NatWest 10 Great Underbank Cheshire Stockport SK1 1LL
Independent Examiner:
Nigel Wyatt BSC FCA Wyatt & Co Chartered Accountants 125 Main Street Garforth Leeds LS25 1AF
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St George's Church Poynton
Year Ended 31st December 2021
Trustee's Annual Report
Public Benefit Statement
In setting our objectives and planning our activities our trustees have given consideration to the Charity Commission’s general guidance on public benefit and in particular the advancement of the Christian faith through the provision of worship and teaching services and the relief of sickness, financial hardship and promoting good health. This has been achieved by the provision of funds, and services.
Organisational structure; recruitment, appointment and induction of new trustees
St George's Church Poynton (PCC) is a charity registered with the Charities Commission (registration number 1165174). The Parochial Church Council is a corporate body established by the Church of England. The PCC operates under the Parochial Church Council Powers Measure.
The method of appointment of PCC members is set out in the Church Representation Rules. The membership of the PCC consists of the incumbent (our vicar), churchwardens and members elected by those members of the congregation who are on the electoral roll of the church. All those who attend our services / members of the congregation are encouraged to register on the Electoral Roll and stand for election to the PCC.
The PCC members are responsible for making decisions on all matters of general concern and importance to the parish including deciding on how the funds of the PCC are to be spent.
Financial Review
2021 has been another year where our expenditure has exceeded our income. There are two reasons for this, firstly there have been some large bills relating to property maintenance and secondly because income from church hall lettings was about half of the last “normal” year, 2019. Thankfully as the year wore on the lettings began to return to their previous levels and the outlook for 2022 is good. Income from envelopes and standing orders has remained stable and although income from collections has been down the trend is upwards as services return to normal. Nevertheless, we had to transfer £20,000 from the Vernon Building Society account to the current account to meet our commitments.
The fund balances at the yearend were as follows:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Unrestricted Funds | 1,165,270 | 1,190,168 |
| Restricted Funds | 789,948 | 729,201 |
| Total | 1,956,305 | 1,919,369 |
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St George's Church Poynton
Year Ended 31st December 2021
Trustee's Annual Report
Going Concern
The Trustee's are satisfied that the Charity is a going concern and do not know of any uncertainties regarding the organisations ability to continue operating as a going concern.
Reserves Policy
The Church held £1,165,270 in unrestricted funds at the end of December 2021. This figures included the general unrestricted, asset specific and designated funds. It is the councils intention to hold unrestricted reserves of between 3 and 6 months of operating costs. Where unrestricted funds are held over this amount the PCC will review the financial position of the charity and evaluate where surplus funds are best spent and invested.
Objectives and Activities
Promoting the whole mission of the church, regular public worship (with the addition in 2020 of online/virtual services) open to all. Pastoral work including visiting the sick and bereaved. Teaching the Christian faith through sermons, courses, and small groups for adults, young people and children. Taking of religious assemblies in local schools and provision of other youth and children’s activities. Supporting the community particular at times such as Remembrance Day and the life of the civil parish through the Civic Service. Supporting, prayerfully and financially, mission partners within the UK and overseas.
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St George's Church Poynton
Year Ended 31st December 2021
Trustee's Annual Report
Achievement and Performance
The PCC of the ecclesiastical parish of St George with St Martin, Poynton, has the responsibility of co-operating with the Incumbent, in promoting within the ecclesiastical parish the whole mission of the Church - pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the St George’s and St Martin’s campuses and associated properties.
Our mission and ministry work in 2021 continued to be affected by the Covid-19 pandemic. A number of ‘usual’ activities and one-off events were postponed or cancelled.
Worship and small groups (including for young people and children) were sometimes in-person, sometimes online and sometimes hybrid!
Services from St George’s Church were livestreamed until the end of October, seeking to continue to connect with those who were uncomfortable with returning to physical church meetings, or who had periods of isolation (because of Covid or underlying health conditions). From November onwards we have continued to share a video recording of the sermon from one of the services each week on YouTube.
There has continued to be a significant ministry to the bereaved, with many funerals taking place throughout the year both at the Crematoria and Church. And we were able to hold both ‘Time to Remember’ and ‘Quiet Carols’ for those families affected by loss.
We were pleased to appoint Carys Lesley as our full-time Children’s and Youth Minister. Carys began her work in Poynton in October.
The parish has supported local and international charities in the year: particularly local charities working with education and homelessness and international charities involved in supporting churches and communities (particularly in Argentina).
Approved by the Trustees
Michael Bradley Name of Trustee: ______ Signed on behalf of the Trustees: _____ 24/05/2022 Date of approval: _______
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St George's Church Poynton
Year Ended 31st December 2021
Independent Examiners Report
I report to the trustees on my examination of the financial statements of St George's Church Poynton ('the charity') for the year ended 31 December 2021.
Responsibilities and basis of report
As the trustees of the charity you are responsible for the preparation of the financial statements in accordance with the requirements of the Charities Act 2011 (‘the Act’).
I report in respect of my examination of the charity's financial statements carried out under section 145 of the 2011 Act and in carrying out my examination I have followed all the applicable Directions given by the Charity Commission under section 145(5)(b) of the Act.
Independent examiner's statement
I confirm that I am qualified to undertake the examination because I am a member of the Institute of Chartered Accountants in England and Wales (ICAEW), which is one of the listed bodies.
I have completed my examination. I confirm that no material matters have come to my attention in connection with the examination giving me cause to believe that in any material respect:
-
accounting records were not kept in respect of the charity as required by section 130 of the Act; or
-
the financial statements do not accord with those records; or
-
the financial statements do not comply with the applicable requirements concerning the form and content of accounts set out in the Charities (Accounts and Reports) Regulations 2008 other than any requirement that the accounts give a ‘true and fair' view which is not a matter considered as part of an independent examination.
I have no concerns and have come across no other matters in connection with the examination to which attention should be drawn in this report in order to enable a proper understanding of the accounts to be reached.
Nigel Wyatt BSC FCA Date: 23/05/2022 Independent Examiner 125 Main Street Garforth Leeds LS25 1AF
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St George's Church Poynton
Year Ended 31st December 2021
Statement of Financial Activities
| Statement of Financial Activities | |||||
|---|---|---|---|---|---|
| 2021 | 2020 | ||||
| Unrestricted | Restricted | Total | |||
| Funds | Funds | Funds | Total funds | ||
| Note | £ | £ | £ | £ | |
| Income | |||||
| Donations and legacies | 173,536 | 6,041 | 179,577 | 180,619 | |
| Charitable activities | 28,543 | 40 | 28,583 | 27,296 | |
| Activities for generating income | 2 | 16,635 | - | 16,635 | 11,086 |
| Investment Income | 182 | - | 182 | 536 | |
| Other | 3,031 | 30 | 3,061 | 2,139 | |
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| Total Income | 221,926 | 6,111 | 228,038 | 221,676 | |
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| Expenditure | |||||
| Expenditure on charitable activities | 3 | 244,325 | 5,430 | 249,755 | 241,810 |
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| Total Expenditure | 244,325 | 5,430 | 249,755 | 241,810 | |
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| Net income / (expenditure) before gains/(loses) |
(22,398) | 681 | (21,717) | (20,134) | |
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| Gain/(loss) on investment Portfolio |
8 | - | 57,566 | 57,566 | 55,453 |
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| Net income / (expenditure) | (22,398) | 58,247 | 35,849 | 35,318 | |
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| Net income and net movement in funds | |||||
| Total funds brought forward | 11 | 1,193,286 | 726,083 | 1,919,369 | 1,884,051 |
| Transfers | 11 | (2,500) | 2,500 | - | - |
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| Total funds carried forward | 11 | 1,168,388 | 786,830 | 1,955,218 | 1,919,369 |
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All income and expenditure derive from continuing activities.
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St George's Church Poynton
Year Ended 31st December 2021
Statement of Financial Position
| 2021 | 2020 | ||
|---|---|---|---|
| Note | £ | £ | |
| Fixed assets | |||
| Investments | 8 | 760,074 | 702,509 |
| Tangible Fixed Assets | 9 | 1,032,754 | 1,023,412 |
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| 1,792,829 | 1,725,921 | ||
| Current assets | |||
| Debtors | 9 | 18,198 | 16,356 |
| Cash at bank and in hand | 145,631 | 187,211 | |
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||
| 163,829 | 203,567 | ||
| Creditors: amounts falling due within one year | 10 | 1,440 | 10,119 |
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| Net current assets | 162,389 | 193,449 | |
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||
| Total assets less current liabilities | 1,955,218 | 1,919,369 | |
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| Net assets | 12 | 1,955,218 | 1,919,369 |
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| Funds of the charity | |||
| Restricted funds | 11 | 786,830 | 726,083 |
| Unrestricted funds | 11 | ||
| Unrestricted General | 3,118 | 16,400 | |
| Designated Funds | 144,770 | 156,386 | |
| Revaluation Reserve | 1,020,500 | 1,020,500 | |
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| 1,168,388 | 1,193,286 | ||
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| Total charity funds | 1,955,218 | 1,919,369 | |
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Directors Responsibilities
These financial statements were approved by the board of trustees and authorised for issue :
Michael Bradley
Name of Trustee: ─────────────────────────────────────────────────── Signed on behalf of the Trustees: ─────────────────────────────────────────────────── 24/05/2022 Date of approval:
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St George's Church Poynton
Year Ended 31st December 2021
Notes to the Financial Statements
Basis of Preparation
The financial statements have been prepared in accordance with the Statement of Recommended Practice: Accounting and Reporting by Charities Financial Reporting Standards applicable in the UK and Republic of Ireland (Charities SORP 2019 FRS 102) and the Charities Act 2011.
Assessment of Going Concern
Preparation of the accounts is on a going concern basis. The trustees consider that there are no material uncertainties about the Charity's ability to continue as a going concern.
Fund Accounting
Unrestricted income funds comprise those funds which the trustees are free to use for any purpose in furtherance of the charitable objects. Unrestricted funds include designated funds where the trustees, at their discretion, have set aside resources for a specific purpose.
Restricted funds are funds which are to be used in accordance with specific restrictions imposed by the donor or the term of specific appeal, often know as a ‘special offering’ in the church.
Further explanation of the nature and purpose of each fund is included in the notes to the accounts.
Incoming Resources
All incoming resources are recognised once the charity has entitlement to the resources, it is probable that the resources will be received, and the monetary value of incoming resources can be measured with sufficient reliability.
• All voluntary income from members of the church are recognised as donations and are included in full, with associated Gift Aid receivable in the Statement of Financial Activities.
• Grants where entitlement is not conditional on the delivery of specific performance by the charity are recognised when the charity becomes unconditionally entitled to the grant.
• Income resources from charitable trading activities such as the letting of the building are accounted for when invoices are drawn up (as the point of entitlement).
• Donated services and facilities are included at the value to the charity where this can be quantified.
• Gifts in Kind are accounted for at a reasonable estimate of their value to the charity or the amount actually realised.
• Volunteer time, the value of voluntary support for the work of the church is not included in the accounts but is described in the Trustees Annual Report.
• Investment Income is included in the accounts when receivable.
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St George's Church Poynton
Year Ended 31st December 2021
Notes to the Financial Statements
Resources expended
Expenditure is recognised on an accrual basis as a liability is incurred. Liabilities are recognised where it is more likely than not that there is a legal or constructive obligation committing the charity to pay out the resources and the amount of the obligation can be measured with reasonable certainty.
Governance Costs
Include costs of the preparation and examination of statutory accounts, the costs of the trustees' meetings and cost of any legal advice to trustees on governance or constitutional matters.
Liability Recognition
Abilities are recognised as soon as there is a legal or constructive obligation committing the charity to pay out resources.
Tangible fixed assets
All assets costing more than £500 are capitalised and at historic cost. Fixed assets are stated at cost less accumulated depreciation. Depreciation is charged on furniture and equipment which is written off on a straight-line basis over time estimated useful live of the asset.
Equipment 4 years straight line Fixtures and Fittings 4 years straight line
Pensions
The charity operates a defined contribution pension scheme. Contributions are charged to the Statement of Financial Activities as they become payable in accordance with the rules of the scheme.
Operating Leases
Rental charges payable under operating leases are charged on a straight line basis over the terms of the lease.
Taxation
The charity is exempt from tax on its charitable activities.
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St George's Church Poynton
Year Ended 31st December 2021
Notes to the Financial Statements
2 Analysis of Income
| Analysis of Income | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds |
|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Donations and legacies | |||
| Donations | 146,295 | 5,315 | 151,610 |
| Gift Aid | 26,491 | 726 | 27,217 |
| Donated Goods and Services | - | - | - |
| Legacies | 750 | - | 750 |
| Grants | - | - | - |
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|
| 173,536 | 6,041 | 179,577 | |
| Charitable activities | |||
| Funeral Fees | 12,863 | - | 12,863 |
| Graveyard Fees | 11,598 | - | 11,598 |
| Wedding Fees | 3,259 | - | 3,259 |
| Other Activities | 823 | 40 | 863 |
| Parish Weekend Away | - | - | - |
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|
| 28,543 | 40 | 28,583 | |
| Activities for generating income | |||
| Lettings and Room Hire | 16,426 | - | 16,426 |
| Church Publication Sales | 209 | - | 209 |
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|
| 16,635 | - | 16,635 | |
| Investment Income | |||
| Interest | 182 | - | 182 |
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|
| 182 | - | 182 | |
| Other | |||
| Sales and Commission | 515 | - | 515 |
| Refreshments and other ad hoc income | 122 | 30 | 152 |
| Insurance Claim | 2,394 | - | 2,394 |
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|
| 3,031 | 30 | 3,061 | |
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|
| Total Income | 221,926 | 6,111 | 228,038 |
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St George's Church Poynton
Year Ended 31st December 2021
Notes to the Financial Statements
2 Analysis of Income (Continued)
| Analysis of Income(Continued) | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds |
|
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Donations and legacies | |||
| Donations | 144,450 | 5,717 | 150,167 |
| Gift Aid | 26,027 | 538 | 26,565 |
| Donated Goods and Services | - | - | - |
| Legacies | - | - | - |
| Grants | 2,000 | 1,887 | 3,887 |
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|
| 172,477 | 8,142 | 180,619 | |
| Charitable activities | |||
| Funeral Fees | 17,257 | - | 17,257 |
| Graveyard Fees | 4,867 | - | 4,867 |
| Wedding Fees | 2,822 | - | 2,822 |
| Parish Weekend Away | 2,350 | - | 2,350 |
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|
| 27,296 | - | 27,296 | |
| Activities for generating income | |||
| Lettings and Room Hire | 10,197 | - | 10,197 |
| Church Publication Sales | 889 | - | 889 |
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|
| 11,086 | - | 11,086 | |
| Investment Income | |||
| Interest | 536 | - | 536 |
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|
| 536 | - | 536 | |
| Other | |||
| Sales and Commission | 1,372 | - | 1,372 |
| Refreshments and other ad hoc income | 766 | - | 766 |
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|
| 2,139 | - | 2,139 | |
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|
| Total Income | 213,534 | 8,142 | 221,676 |
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Government Grants
During the year the church received government grants through the Covid-19 job retention scheme. The total amount received during the year was £1887.06. All the conditions of the grant set out by the government were met during the year.
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St George's Church Poynton
Year Ended 31st December 2021
Notes to the Financial Statements
3 Expenditure on charitable activities by fund type
| Expenditure on charitable activities by fund type | |||
|---|---|---|---|
| Unrestricted | Restricted | Total Funds |
|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Building Renovation Works and Equipment | - | - | - |
| Church Gifts and Giving | - | 2,830 | 2,830 |
| Depreciation | 4,408 | - | 4,408 |
| Diocesan Fees | 8,971 | - | 8,971 |
| Fees and Subscriptions | 2,168 | - | 2,168 |
| Ministry Expenditure | 33,737 | 2,600 | 36,337 |
| Office and Support Costs | 17,678 | - | 17,678 |
| Parish Share | 74,620 | - | 74,620 |
| Property Utilities, Running Costs and Repairs | 45,241 | - | 45,241 |
| Staff and other Expenses | 2,137 | - | 2,137 |
| Staff Salaries | 55,364 | - | 55,364 |
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|
| 244,325 | 5,430 | 249,755 | |
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|
| Unrestricted | Restricted | Total Funds |
|
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Building Renovation Works and Equipment | 12,647 | - | 12,647 |
| Church Gifts and Giving | - | 5,764 | 5,764 |
| Depreciation | 971 | - | 971 |
| Diocesan Fees | 13,684 | - | 13,684 |
| Fees and Subscriptions | 821 | - | 821 |
| Ministry Expenditure | 8,288 | 202 | 8,491 |
| Office and Support Costs | 13,988 | - | 13,988 |
| Parish Share | 67,893 | - | 67,893 |
| Property Utilities, Running Costs and Repairs | 56,496 | - | 56,496 |
| Staff and other Expenses | 2,141 | - | 2,141 |
| Staff Salaries | 57,029 | 1,887 | 58,916 |
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| 233,957 | 7,853 | 241,810 | |
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Parish Share
St George's Church Poynton is a parish church of the Church of England in the Diocese of Chester. By means of Parish Share the Diocese helps the funding of ministers, particularly parochial clergy, the work of various Diocesan bodies and work of the Church of England as a whole. The Diocese is a community resourcing a common task, and not a charity trying to raise funds to meet a need. In 2021, the amount paid by the PCC under the parish share was £74,620 (2020: £67,893).
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St George's Church Poynton
Year Ended 31st December 2021
Notes to the Financial Statements
4 Volunteers
The church benefits greatly from the voluntary contributions of time and money by its formal members and regular attendees. Please refer to the trustee's report for further detail about volunteer contributions in the organisation.
5 Independent examination fees
Fees payable to the independent examiner for:
| Independent examination fees Fees payable to the independent examiner for: |
||
|---|---|---|
| 2021 | 2020 | |
| £ | £ | |
| Independent examination and preparation of the financial statements |
1,440 | 1,560 |
6 Staff costs
The total staff costs and employee benefits for the reporting period are analysed as follows:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Wages and salaries | 53,261 | 56,984 |
| Social security costs | - | - |
| Employer contributions to pension plans | 2,103 | 1,932 |
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| 55,364 | 58,916 | |
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The average head count of employees during the year was as follows:
| 2021 | 2020 | |
|---|---|---|
| Average Head Count | 4 | 5 |
Number of employees that received employees benefits of more than £60,000 during the year was as follows:
| 2021 | 2020 | |
|---|---|---|
| More than £60,000 | 0 | 0 |
Key Management Personnel
The charity considers its key management personnel to be the Vicar, Curate and Associate Minister. The Common Fund of the Chester Diocese meets the stipend and other employment costs of the Vicar, Curate and Associate Minister.
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St George's Church Poynton
Year Ended 31st December 2021
Notes to the Financial Statements
7 Trustee remuneration, expenses and donations
During the year 13 (2020:11) trustees incurred out of pocked expenses totalling £3,288 (2020: £3,684) which were all incurred for the day to day running of the charity's activities. The types of expenditure include travel costs, ministry costs, building expenses and other charitable activity expenditure.
During the year the total aggregated donations made to the charity by the trustees during the year was £29,258 (2020: £31,588).
During the trustees were employed by the Church outside of their roles as trustees/PCC members. During the year the following trustee members received the following remuneration:
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| B Clarke | 14,267 | 11,463 |
| J Hadfield | 17,518 | 19,372 |
| H Brackenbury | 8,232 | 7,448 |
8 Investments held as fixed assets
Investment Portfolio
The restricted funds investment portfolio is held with Brewin Dolphin. The fund is held for ecclesiastical purposes within the parish.
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Investment portfolio valuation | 760,074 | 702,509 |
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| 760,074 | 702,509 | |
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|
| 2021 | 2020 | |
| £ | £ | |
| Market value brought forward | 702,509 | 647,056 |
| Sales | ||
| Unrealised gain / (loss) | 57,566 | 55,453 |
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| Market value carried forward | 760,074 | 702,509 |
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St George's Church Poynton
Year Ended 31st December 2021
Notes to the Financial Statements
9 Tangible Fixed Assets
| Freehold | Equipment & | ||
|---|---|---|---|
| Land and | Fixtures and | ||
| Buildings | Fittings | Total | |
| £ | £ | £ | |
| Cost as at 1st January 2021 | 1,020,500 | 3,883 | 1,024,383 |
| Additions | - | 13,751 | 13,751 |
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|
| Cost as at 31st December 2021 | 1,020,500 | 17,633 | 1,038,133 |
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|
| Depreciation as at 1st January 2021 | - | 971 | 971 |
| Depreciation Charge | - | 4,408 | 4,408 |
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|
| Depreciation as at 31st December 2021 | - | 5,379 | 5,379 |
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|
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|
| Net Book Value as at 31st December 2021 | 1,020,500 | 12,254 | 1,032,754 |
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|
| Net Book Value as at 31st December 2020 | 1,020,500 | 2,912 | 1,023,412 |
The land and buildings held by the church compromise of: St George's Church Hall
St Martin's Church, Church Hall and Field 18 Ivy Road 92 Barnaby Road
These buildings and land are held a original cost.
9 Debtors
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Trade Debtors | 3,425 | 762 |
| Accrued Income | 13,674 | 14,494 |
| Prepayments | 1,100 | 1,100 |
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|
| 18,198 | 16,356 | |
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10 Creditors: amounts falling due within one year
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Accruals | 1,440 | 1,560 |
| Trade Creditors | - | 8,559 |
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|
| 1,440 | 10,119 | |
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St George's Church Poynton
Year Ended 31st December 2021
Notes to the Financial Statements
11 Analysis of Charitable Funds
Unrestricted Funds
| 1 Jan 2021 | Income | Expenditure | Gains/Loses | Transfers | 31 Dec 2021 | |
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |
| Unrestricted | ||||||
| General | 16,400 | 221,208 | (241,256) | - | 6,765 | 3,118 |
| Property Reserve | 1,020,500 | - | - | - | - | 1,020,500 |
| Designated | ||||||
| Thanksgiving Fund | 146,337 | - | - | - | (11,616) | 134,721 |
| Projects and Events (Ministry) |
- | 718 | (3,069) | - | 2,351 | - |
| Living Well | 1,944 | - | - | - | - | 1,944 |
| St Martin's All Purpose | 5,096 | - | - | - | - | 5,096 |
| Parish Weekend | 3,009 | - | - | - | - | 3,009 |
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| Total Unrestricted | 1,193,286 | 221,926 | (244,325) | - | (2,500) | 1,168,388 |
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| Restricted Funds | ||||||
| Argentina Fund | 1,926 | - | - | - | - | 1,926 |
| Book of Homilies | 605 | - | - | - | - | 605 |
| Church Florists | 49 | 30 | - | - | - | 79 |
| Church Hall Fund | 7,852 | 960 | - | - | - | 8,812 |
| Covid-19 - Job | ||||||
| Retention Scheme | - | - | - | - | - | - |
| Development Fund | 5,074 | 2,241 | (1,260) | - | - | 6,055 |
| Friends of St George's | 8,069 | 2,510 | (1,340) | - | - | 9,239 |
| Gifts | - | 330 | (2,830) | - | 2,500 | - |
| Special Reserve | 702,509 | - | - | 57,566 | - | 760,074 |
| Men's Events | - | 40 | - | - | - | 40 |
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| Total | 726,083 | 6,111 | (5,430) | 57,566 | 2,500 | 786,830 |
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| Total Funds | ||||||
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| Total | 1,919,369 | 228,038 | (249,755) | 57,566 | - | 1,955,218 |
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St George's Church Poynton
Year Ended 31st December 2021
Notes to the Financial Statements
| 1 Jan 2020 | Income | Expenditure | Gains/Loses | Transfers | 31 Dec 2020 | |
|---|---|---|---|---|---|---|
| £ | £ | £ | £ | £ | £ | |
| Unrestricted | ||||||
| General | 27,714 | 211,115 | (220,328) | - | (2,101) | 16,400 |
| Property Reserve | 1,020,500 | - | - | - | - | 1,020,500 |
| Designated | ||||||
| Thanksgiving Fund | 158,985 | - | (12,647) | - | - | 146,337 |
| Projects and Events (Ministry) |
- | - | (862) | - | 862 | - |
| Living Well | 2,064 | - | (120) | - | - | 1,944 |
| St Martin's All Purpose | 5,027 | 69 | - | - | - | 5,096 |
| Parish Weekend | 659 | 2,350 | - | - | - | 3,009 |
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| Total Unrestricted | 1,214,948 | 213,534 | (233,957) | - | (1,239) | 1,193,286 |
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| Restricted Funds | ||||||
| Argentina Fund | 1,926 | - | - | - | - | 1,926 |
| Book of Homilies | 605 | - | - | - | - | 605 |
| Church Florists | 49 | - | - | - | - | 49 |
| Church Hall Fund | 6,997 | 855 | - | - | - | 7,852 |
| Churchyard Fund | 3,118 | - | - | - | (3,118) | - |
| Covid-19 - Job | ||||||
| Retention Scheme | - | 1,887 | (1,887) | - | - | - |
| Development Fund | 2,854 | 2,220 | - | - | - | 5,074 |
| Friends of St George's | 6,499 | 1,773 | (202) | - | - | 8,069 |
| Gifts | - | 1,407 | (5,764) | - | 4,357 | - |
| Special Reserve | 647,057 | - | - | 55,453 | - | 702,510 |
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| Total | 669,104 | 8,142 | (7,853) | 55,453 | 1,239 | 726,084 |
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| Total Funds | ||||||
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| Total | 1,884,052 | 221,676 | (241,810) | 55,453 | - | 1,919,369 |
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St George's Church Poynton
Year Ended 31st December 2021
Notes to the Financial Statements
Fund Descriptions
Revaluation Reserve
A fund to hold organisations Land and Buildings.
Designated Funds
Thanksgiving Fund A fund set aside for reserves to be used by the PCC as and when required. Projects and Events (Ministry) Funds held for the churches projects and events Living Well Dementia Support Group St Martin's All Purpose To be used for the benefit of St Martin's Church at the direction of the PCC Parish Weekend To be used for special purposes for the Parish Weekend as directed by the PCC
Restricted Funds
Argentina Fund To support team visits to and from Argentina and the churches Book of Homilies For the preservation and display of the Book of Homilies Church Florists For the provision of flowers in St George's Church Church Hall Fund For the renewal or upgrading of St George's Church Hall facilities Churchyard Fund For the renewal or upgrading of St George's Church Hall facilities Covid-19 - Job Retention Scheme To cover the salary costs of those employees furloughed during the Covid-19 pandemic Development Fund An ongoing appeal for improvements/alterations to PCC properties and installations Friends of St George's Funds to be used at the direction of the PCC for improvements to church properties and related fixtures Special Reserve For ecclesiastical purposes within the parish
12 Analysis of net assets between funds
| Unrestricted | Restricted | Total Funds |
|
|---|---|---|---|
| Funds | Funds | 2021 | |
| £ | £ | £ | |
| Fixed Assets | 1,032,754 | 760,074 | 1,792,829 |
| Current Assets | 137,073 | 26,756 | 163,829 |
| Creditors less than 1 year | (1,440) | - | (1,440) |
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| 1,168,388 | 786,830 | 1,955,218 | |
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St George's Church Poynton
Year Ended 31st December 2021
Notes to the Financial Statements
| Unrestricted | Restricted | Total Funds | |
|---|---|---|---|
| Funds | Funds | 2020 | |
| £ | £ | £ | |
| Fixed Assets | 1,023,411 | 702,510 | 1,725,921 |
| Current Assets | 176,875 | 26,692 | 203,567 |
| Creditors less than 1 year | (10,119) | - | (10,119) |
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| 1,190,168 | 729,202 | 1,919,369 | |
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13 Consecrated land and buildings and other church property
The PCC has the use of the church property which is excluded from the accounts by virtue of s.10(2) of the Charities Act 2011. Movable church furnishings held by the Vicar and Churchwardens on special trust for the PCC and which require a faculty for disposal are capitalised where appropriate and allocated to the appropriate fixed asset category. The church halls and certain clergy accommodation are held in trust by the Chester Diocesan Fund on behalf of the PCC. These properties are essential for the mission of the church and have been in use for many years. Accordingly, they have not been capitalised as there is insufficient cost information and their depreciated cost is unlikely to be material. All expenditure on consecrated or benefice buildings is written off in the year of expenditure.
14 Related party transactions
During the year a donation of £11,000 was made to the charity Just Ice Poynton, to further the work the charity was doing within the area to help people whom have been rescued from slavery. This is a related party transaction due to Rev Christine Buckley serving as a trustee on both St George's Church Poynton and Just Ice Poynton.
During the year the church incurred £8,797.20 of expenditure with Bradtek Solutions. Mike Bradley is both a trustee of the church and a director of the company. The services of Bradtek where utilised for lighting replacements and wiring a new oven.
15 Prior Period Adjustment
Within the 31st of December 2020 accounts the Churchyard restricted fund balance disclosed a carried forward value of £3,118. This was incorrect as the fund had been concluded to be unrestricted by the trustees and transferred to the general unrestricted fund. This was not reflected in the year end accounts.
To reflect this, this year's accounts include a prior period adjustment removing the carried forward balance. This has resulted in the 31st of December 2020 unrestricted fund balance carried forward being £3,118 higher than previously stated.
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