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2021-12-31-accounts

The Bottesford with Ashby Team Ministry Parochial Church Council

St. Paul's Ashby - St. Peter's Bottesford - Holy Spirit Riddings

Annual Report and Financial Statements

For the year ended 31[st] December 2021

Registered Charity Number 1133722

The Parochial Church Council of the Ecclesiastical Parish

of Bottesford with Ashby in the Diocese of Lincoln

PCC Chairman: Revd Kevin Dyke The Rectory, St Paul’s Road, Ashby, Scunthorpe DN16 3DL

Bank: Virgin Money 124 High Street, Scunthorpe DN15 6ES

Independent Examiner: Mrs Katie Sauvage FCCA, Voluntary Action North Lincolnshire 4-6 Robert Street, Scunthorpe, North Lincolnshire DN15 6NG

PAROCHIAL CHURCH COUNCIL of BOTTESFORD WITH ASHBY TEAM MINISTRY Page

PAROCHIAL CHURCH COUNCIL of BOTTESFORD WITH ASHBY TEAM MINISTRY

Independent Examiner’s Report to the Trustees of The Parochial Church Council of the Ecclesiastical Parish of Bottesford with Ashby in the Diocese of Lincoln.

I report on the annual report and accounts of the PCC for the year ended 31 December 2021, which are set out on pages 1 to 17, in respect of an examination carried out in accordance with the Church Accounting Regulations 2006 (‘the Regulations’) and section 144(2) of the Charities Act 2011 (‘the 2011 Act’).

Respective responsibilities of the PCC and independent examiner

As members of the PCC you are responsible for the preparation of the accounts, and you consider that an audit is not required for this year (under section 144(2) of the Charities Act 2011 (the 2011 Act) and the Regulations) and that an independent examination is needed. It is my responsibility to issue this report on those accounts in accordance with the terms of the Regulations, that is to:

Basis of independent examiner’s statement

My examination was carried out in accordance with the General Directions given by the Charity Commission in the 2011 Act, and to be found in the Church guidance, 2006 edition. That examination includes a review of the accounting records kept by the PCC and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from you as trustees concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently I do not express an audit opinion on the view given by the accounts.

Independent examiner's statement

In connection with my examination, no matter has come to my attention:

(2) to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts to be reached.

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PAROCHIAL CHURCH COUNCIL of BOTTESFORD WITH ASHBY TEAM MINISTRY

ANNUAL REPORT for 2021

Administrative Information

The Bottesford with Ashby Team Ministry is part of the Diocese of Lincoln within the Church of England. There are 3 churches within the team:

The correspondence address is: The Rectory, St Paul’s Rd, Ashby, Scunthorpe, DN16 3DL

The Parochial Church Council (PCC) is a Registered Charity, number 1133722.

PCC members and Trustees who have served from 1 January 2021 until the date this report was approved are:

Team Rector: Revd. Kevin Dyke Associate Priest: Revd. Mary Stonier Assistant Curate: Revd. Simon Dean Lay Chair: Mr. John Boddy (also Deanery & Diocesan Synods) Reader: Mr. Lindon Batt (also Deanery Synod) Parish Wardens: Mrs. Christine Bell Mrs. Angela Stanage (until APCM ’21) Deputy Wardens: Capt. Sean Andrews (from APCM ’21) Mrs. Pamela Cook Ms. Emma Dixon Mr. David Parrott Deanery Synod Reps: Mrs. Julie Dyke Mr. Michael Galey (also Treasurer & Diocesan Synod) Mr. Clive Toplass Elected Members: Mrs. Christine Boddy Electoral Roll Officer Mr. John Caborn Mrs. Yvonne Ellis (until November 2021) Mrs. Eve Kiddle Mrs. Carol Readhead Mr. David Rowbottom Mrs. Jane Ward Safeguarding Officer Co-opted by the PCC: Mrs. Cathryn Hewes PCC Secretary

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Structure, Governance and Management

The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and to stand for election to the PCC.

There are District Church Councils at each of the three churches. These councils take dayto-day decisions for their own churches but are subordinate to the PCC. The Trustees consider the Public Benefit when making decisions.

There is a Management Committee for St. Paul's Church Hall. This committee takes day-today decisions for the Church Hall but is responsible to the PCC.

There is a Management Committee for the Church Lads and Church Girls Brigade. This committee takes day-to-day decisions for the local organisation but is responsible to the PCC.

The PCC also operates through sub-committees, which meet between full meetings of the PCC.

Standing Committee

This is the only committee required by law. It has power to transact business of the PCC between its meetings, subject to any directions given by the Council. It has the same membership as the Finance Committee.

Finance Committee

This committee oversees the general financial dimension of the work of the Bottesford with Ashby Team by monitoring income and expenditure, budgeting and co-ordinating the annual review of the Christian Stewardship of money through planned giving. Major decisions are subject to PCC approval.

Social Committee

This committee organises a programme of social and fundraising events for the benefit and enjoyment of the whole parish and the local community.

Hall Committee

This committee is responsible for the management of the Parish Hall. This is a major asset and it continues to operate very successfully. In addition to its use by the Parish, it is booked by individuals and community organisations for a large variety of activities. It is a vital part of our outreach into the local community.

Objectives and Activities

Bottesford with Ashby PCC has the responsibility of co-operating with the team clergy in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has the responsibility for maintaining the Church buildings including St. Paul's Church Hall.

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Church Attendance

Due to the COVID-19 pandemic many of our church buildings were closed for a large part of 2021. Weekly services for the whole parish took place online for much of the year. The average church attendance for the year could not be calculated with confidence.

Where available, attendance and electoral role figures for 2021 (2020) are shown below:

Church Average Sunday
Attendance		 Electoral Roll Electoral Roll
Total Number Non-resident
St. Paul’s --(--) 46 (52) 6 (8)
St. Peter’s --(--) 49 (51) 2 (2)
Holy Spirit --(--) 14 (15) 0 (0)

Review of the Year 2021

In 2020, our church, and the wider community that it serves, was severely affected by the Covid 19 Pandemic and any hopes that the impact would be limited to a single year were quickly dispelled as the year unfolded and as lockdowns and restrictions continued to be part of our lives.

Sadly, 2021 was not going to see us get back to a normal pattern of church life and the difficulties we had faced in 2020 were going to remain.

Our ability to be a worshipping community in our churches would continue to be disrupted until towards the end of the year, but also our ability to engage with the wider community, including our schools, in the ways we had become accustomed, proved difficult and unpredictable as Covid rates of infection changed during the year. Our church members’ isolation and vulnerability meant that normal governance was difficult due to our inability to meet face to face safely and our desire to not put people at unnecessary risk of catching the virus. Meetings though, where necessary, continued by zoom or email and, later in the year, face to face with appropriate restrictions and safeguards in place.

None of us has remained immune to the impact of the pandemic and people’s well-being and mental health has been tested by the isolation and the fear and uncertainty among those who are most vulnerable and who are the majority of the church members. The pastoral support shared amongst them has been a wonderful response to the pandemic and I, as your Rector, am grateful to everyone for their faithfulness and the love and compassion that have been so evident to those who live in the parish.

During 2021 Revd Kevin Dyke has continued to be the Team Rector, his 6[th] year here in the parish and he has been very well supported by the ministry team comprising Associate Priest Revd Mary Stonier, Assistant Curate Revd Simon Dean, Readers Lindon Batt and Howard Bevan and Church Army Captain Sean Andrews. Together and with the support of church wardens and lay members of the churches in all their different roles, we have, within the changed circumstances that the pandemic has brought about, continued to make every effort to provide worship in church when we can; have our churches open for private prayer for the community; lead life events such as funerals, weddings and baptisms; engaged with schools and ecumenical partners in the parish; provide the opportunity for study and spiritual

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growth and develop worship and outreach services on Zoom and other social networking platforms. These take place on Sunday mornings and at other times of the week and Simon and Mara Dean’s ‘Big Breakfast Church’, a pre-recorded time of worship for all ages, has allowed us to connect with families and young people across the parish.

I am grateful to everyone, lay and ordained, for their prayerful commitment and hard work throughout the year, for their continuing ministry and for all the support they provide to me, as Rector, and to each other.

Throughout 2021, as a continuing result of the pandemic restrictions, the number of funerals, weddings and baptisms taken in our churches remained lower than normal but did increase over those undertaken in 2020. In 2021, there were 19 weddings, 62 baptisms and 72 funerals. Many weddings and baptisms continued to be postponed and rearranged for 2022 or beyond as people, responding to changes in restrictions, tried to find dates that would allow them to meet as larger groups of family and friends.

This all resulted in a lower than normal level of fee income, which, together with limited plate giving from services, has meant another year of reduced income, compared to pre-covid levels, resulting in the need for church reserves to be used to help with cash flow and pay parish share in full to fulfil the commitment the PCC gave to the diocese after we only paid 50% of parish share in 2020. This year I would again like to say thank you for the wonderful effort of the church members to maintain the level of planned giving in the year.

During 2021 we have, as a church, continued to work closely with Capt Sean Andrews and Capt Paul McDonough of the Church Army Centre of Mission; with the leaders and volunteers of Inspiring Family Solutions and with the youth group Riddings Brigade when activities have been allowed. Inevitably the work done by these groups individually and collaboratively, both with the church and each other, has fluctuated during this year and at certain times had to stop completely. However, there has been a significant increase in the needs of the community on the Riddings during the pandemic and therefore the essential work restarted as soon as it was safe to do so in line with government guidance.

This work has also meant that the Church of the Holy Spirit is re-establishing its place as a centre of community as is open and accessible most days of the week for essential outreach and engagement.

During 2021 the Hall at St Paul’s has also been closed for parts of the year due to Covid restrictions with the Pre-School only being able to meet regularly when schools have been allowed to be open. The other social and activity groups had to initially remain inactive, but as the year progressed some were able to gradually resume their activities. There was however still a reduced level of income in 2021for the parish compared to pre-covid levels but it is hoped that bookings will continue to rise as restrictions are reduced and people try to resume a more normal way of living in 2022.

The closure of the Hall and the Covid restrictions affecting cafés also meant that Café St Paul remained closed for the majority of the year. However, it was reopened later in the year, once it was safe to do so, meaning that its vital pastoral and outreach role to the community on market days in Ashby resumed, and its regular contribution to parish income has begun to flow again. Thank you to all the volunteers who have comeback to reopen the cafe and those who enjoy the cake and fellowship are glad to see it open again.

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In 2021, we have maintained weekly/fortnightly [from November 2021] contact with church members and those on the wider electoral roll and in the community by producing the ‘Parish News’ which has been either hand delivered or emailed to people together with all that people have needed for worship and study during the week. I am grateful to everyone who has contributed to it and who continues to contribute news, reflections and articles, for Julie Dyke who has put it together each week and for the messages of appreciation that have been received from so many for its arrival when so many have felt isolated from the church family.

For many years the lack of a toilet in St Peter’s Church and other essential repairs has been the subject of much deliberation and work, but it has never been able to progress mainly due to finance considerations and not having a strategic lead for the project. In 2020 the church received a substantial bequest to be used at St Peter’s and in 2021 a strategic lead was identified and they agreed to accept the role on behalf of the church. This resulted in the PCC in November 2021 being able to approve the go ahead for the feasibility stage of the project, in conjunction with the project architect, and in accordance with the agreed schedule of costs. Although the fruition of the project might be a few years in the future this is an important step for the parish and I would like to extend my thanks to everyone, in so many different roles, who have enabled it to happen.

Last year 2020 was a difficult and challenging year for us all and for our country and the wider world but the pandemic did not go away. 2021 has also seen us still very much affected by the pandemic and in the midst of all that the pandemic has thrown at us we have also had to grapple with the issues of the churches future, its ministry, the need to change and the financial pressures that brought about the Diocese of Lincoln initiative – Resourcing Sustainable Church - Time to Change Together.

Consideration of this initiative has affected us all and there has been a wide distribution of information to the members of the church committees and the entire congregation, together with consultation meetings, to enable everyone to fully grasp the significance of the proposals and the part that we are all being asked to play.

In 2021, we agreed to the categorisation of our churches as Local Mission Churches [Type 2] for St Peter’s and St Paul’s and a Community Church [Type 3] for the Church of the Holy Spirit but this process together with agreeing the parish’s covenant response to the diocese for parish share will continue into 2022 as we together explore the vision that God has for us - both within the current pandemic and beyond it.

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Financial Performance

Financially, the year 2021 has been extremely difficult due to the adverse effects of the Covid-19 pandemic on our both patterns of worship, including church closures, and with other activities dramatically reduced or cancelled.

Churches

Church receipts fell far short of payments during the year, producing a deficit of £14,557. This compares with a surplus of £2,142 in 2020.

This significant change was due mainly to our strategic decision to pay the Parish Share request of £48,949 in full. In the previous year, faced with a similar prospect of a major deficit, the PCC agreed to pay only £24,480 towards the same request.

Overall, Church Receipts were £77,211 which represented an increase of £12,566 on the previous year. Very pleasingly, Planned Giving fell slightly to £32,243 – a reduction of £2,051 on the previous year, but still at a pre-Covid level. Many thanks are due to members of our congregations and other supporters who continue to be very generous in this way.

Tax reclaimed was down by £3,366 due to less one-off donations under gift aid, and cash at services was down by £462. However, following a resumption of some activities towards the end of the year, cash at baptisms, weddings and funerals increased by £3,017, which will also allow an increased GASDS claim in 2022. Donations showed an increase of by £3,748 nut the majority of this (£2,326) is attributable to the St Peter’s Bell-Ringers who transferred their Restricted Funds from a private account to the Parish account.

Fund raising receipts increased by £7,720 due largely to the successful St Peter’s Beer Festival. Net fee income was up by £3,310 as activity levels increased. Takings from Café St Paul increased by £515 as activities started to resume. Holy Spirit Church room rental paid by Inspiring Family Solutions increased by £1,000 as it was received for the full year.

Excluding capital / major items, payments were up by £29,541. Of this, £24,469 was due to full payment of Parish Share. Payments to organists were down by £225 and to office staff by £454 with the office remaining closed. Routine maintenance increased by £2,124 and expenses of events increased by £2,843 due to the beer festival.

The parish spent £11,287 on major projects, a figure similar to the previous year. Projects included a new altar table and frontal at St Peter’s, major rewiring at St Paul’s and a new boiler at Holy Spirit.

St Paul’s Hall

The Hall generated a net surplus of £2,827 on the year, up by £1,637 on the previous year. Receipts from lettings were up by £1,726 and the Hall also received a local authority grant of £2,007 in respect of loss of income. Payments reduced by £1,239 largely due to lower cleaning and maintenance costs.

Church Lads and Church Girls Brigade

Thanks largely to a grant of £7,000 the Brigade had a surplus on the year of £8,188.

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FINANCIAL STATEMENTS – RECEIPTS AND PAYMENTS ACCOUNT For the year ended 31[st] December 2021

Note
RECEIPTS
2(a)
Voluntary Giving
2(b)
Activities for Generating Funds
2(c)
Receipts from Property and Investments
2(d)
Receipts from Church Activities
2(e)
Other Receipts
Total Receipts
PAYMENTS
3(a)
Costs of Generating Funds
3(b)
Costs of Church Activities
3(c)
Church Expenses
3(d)
Major Capital Expenditure
3(e)
Other Payments
Total Payments
Net Receipts / Payments for the year
Transfers to re-allocate funds
Transfers – Cash to Investments
Bank Balances at the beginning of the year
Bank Balances at the end of the year		 Unrestricted
Funds (£)
Restricted
Funds (£)
Total for
2021 (£)
Total for
2020 (£)
51,138
11,391
62,529
123,364
7,770
0
7,770
50
3,189
40
3,229
2,881
22,309
0
22,309
17,305
0
4,168
4,168
1,556
84,406
15,599
100,005
145,155
2,942
0
2,942
146
53,512
0
53,512
30,146
32,825
0
32,825
31,958
6,702
4,585
11,287
10,291
0
2,980
2,980
2,055
95,981
7,565
103,546
74,596
-11,575
8,034
-3,541
70,559
0
0
0
0
0
0
0
0
31,943
100,503
132,446
61,887
20,368
108,537
128,905
132,446

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PAROCHIAL CHURCH COUNCIL of BOTTESFORD WITH ASHBY TEAM MINISTRY

STATEMENT OF ASSETS AND LIABILITIES

As at 31[st ] December 2021

CASH FUNDS
Unrestricted
PCC General Accounts
St Paul’s Hall Account
Restricted
St. Peter’s Fabric Funds
St. Paul’s Fabric Funds
Lynam Land – Trust Fund
St Peter’s Bell-Ringers
Church Lads & Church Girls Brigade
Total Cash Funds
INVESTMENTS
CBF Investment Fund
Eden Tree Amity Global Equity
M&G Charifund
DEBTORS
None
FIXED ASSETS
For Church Use – Parish Hall
LIABILITIES
None		 31 Dec 2021
(£)
31 Dec 2020
(£)
9,110
13,514
11,257
18,429
20,367
31,943
87,581
90,093
4,652
4,622
5,583
5,580
2,326
8,397
0
208
108,538
100,503
38,637
29,631
0
33,801
0
24,548
68,267
58,349
0
0
750,000
750,000
0
0

Following a valuation for insurance purposes in 2016, the asset value of the Parish Hall is shown as £750,000 as an estimate of current market value. This valuation is considered by the Trustees as still being appropriate.

The notes on pages 12 to 17 form part of these accounts

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PAROCHIAL CHURCH COUNCIL of BOTTESFORD WITH ASHBY TEAM MINISTRY

NOTES TO THE FINANCIAL STATEMENTS

For the year ended 31 December 2021

1 ACCOUNTING POLICY

Basis for Accounts

The financial statements have been prepared on a Receipts and Payments basis in accordance with the Church Accounting Regulations 2006 together with the Charities Act 2011, Section 133.

The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law.

They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members. For clarity, they do include the receipts, payments and funds relating to the Parish Hall and the Church Lads’ and Church Girls’ Brigade.

Cash Flow Statement

The Charity has taken advantage of the exemption in FRS102 from the requirement to produce a Cash Flow statement on the grounds that the income does not exceed £500,000.

Description of Funds

Restricted Funds represent donations or grants or other payments received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of each year must be carried forward as a balance on that fund. The PCC does not usually invest separately for each fund. Where there is no separate investment, interest is apportioned to individual funds on an average balance basis.

Unrestricted Funds are general funds which can be used for PCC ordinary purposes.

Receipts

Voluntary income and capital sources

Planned giving, collections and donations are recognised when received. Income tax recoverable on gift aid planned giving and donations is generally recognised only when received. Grants and legacies to the PCC are accounted for only when received.

All incoming resources, such as funds raised at social events or from sales of the magazine, are accounted for gross.

Other ordinary income

Rental income from the letting of church premises is generally recognised when received.

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NOTES TO THE FINANCIAL STATEMENTS (Continued)

For the year ended 31 December 2021

Income from investments

Interest on bank accounts and distributions received from investments are accounted for when received.

Payments

Grants

Grants and donations are accounted for when paid over.

Activities directly relating to the work of the Church

The Diocesan “Parish Share” is accounted for when paid.

Fixed Assets

Consecrated land and buildings and movable church furnishings

Consecrated and beneficed property is not included in the accounts in accordance with Section 10(2) (a) and (c) of the Charities Act 2011.

No value is placed on movable church furnishings held by the churchwardens on special trust for the PCC and which require a faculty for disposal since the PCC considers this to be inalienable property. All expenditure incurred during the year on consecrated or beneficed buildings and movable church furnishings whether maintenance or improvement is written off immediately.

Other fixtures, fittings and office equipment

Individual items of equipment with a purchase price of £2,000 or less are written off immediately.

Current Assets

Only admitted credit balances such as at the bank or for prepaid gas or electricity bills are included. Any moneys owing for rents etc. are included only when they are received.

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NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 December 2021

2 RECEIPTS

Note Unrestricted Restricted Total for Total for
Funds (£) Funds (£) 2021 (£) 2020 (£)
2(a) Voluntary Giving
Planned Giving - Tax Efficient 27,854 0 27,854 29,936
- Remainder 4,389 0 4,389 4,359
Collections at Regular Services 820 0 820 1,283
Collections at Occasional Offices 3,619 0 3,619 602
Other Voluntary Donations 3,589 4,391 7,980 4,233
Gift Days 0 0 0 0
Gift Aid Recovered 8,860 0 8,860 12,226
Legacies & Bequests 0 0 0 67,726
Grants Received 2,007 7,000 9,007 3,000
51,138 11,391 62,529 123,364
2(b) Receipts from Activities for Generating Funds
Events and Fund Raising - Parish 7,770 0 7,770 50
Events and Fund Raising - Hall 0 0 0 0
7,770 0 7,770 50
2(c) Income from Property and Investments
Bank Interest 0 40 40 219
Distributions from Investments 1,677 0 1,677 2,150
Rents 1,500 0 1,500 500
Wayleave Payment 12 0 12 12
3,189 40 3,229 2,881
2(d) Receipts from Church Activities
Fees Retained by PCC 11,434 0 11,434 8,124
Parish Hall Income 9,619 0 9,619 8,228
Café St Paul 1,164 0 1,164 649
Magazine Receipts 0 0 0 167
Miscellaneous 92 0 92 137
22,309 0 22,309 17,305
2(e) Other Receipts
Sale of Assets 0 0 0 0
Insurance Claims 0 0 0 0
Church Lads & Church Girls Brigade 0 4,168 4,168 1,556
0 4,168 4,168 1,556
Total Receipts 84,406 15,599 100,005 145,155

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NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 December 2021

3 PAYMENTS

Note
3(a)
Costs of Generating Funds
Expenses of Events
Planned Giving Costs
3(b)
Costs of Church Activities
Mission Giving and Donations
Diocesan Parish Share
Office Wages
Payments to Organists
Clergy & Staff Expenses
3(c)
Church Expenses
Mission – General
– Training
– Communications
Recruitment Fees
Running Expenses – Church Insurance
– Licences & Subs
– Routine Maint.
– Organ Maintenance
– Office Tel / Internet
– Office Expenses
– Upkeep of Services
– Bank Charges
– Prof Fees
– Fee, Ind Examiner
Church Utility Bills
Parish Hall Costs – Heat & Light
– Insurance
– Expenses
3(d)
Major Capital Expenditure
Major Expenditure - Churches
Major Expenditure - Parish Hall
Major Expenditure – GOR
3(e)
Other Payments
Purchases
Church Lads & Church Girls Brigade.
Total Payments		 Unrestricted
Funds (£)
Restricted
Funds (£)
Total for
2021 (£)
Total for
2020 (£)
2,843
0
2,843
0
99
0
99
146
2,942
0
2,942
146
1,700
0
1,700
1,600
48,949
0
48,949
24,480
0
0
0
454
150
0
150
375
2,713
0
2,713
3,237
53,512
0
53,512
30,146
358
0
358
464
0
47
0
0
0
47
0
281
0
0
0
0
7,969
0
7,969
7,833

543
0
543
508
5,542
0
5,542
4,385
155
0
155
0
771
0
771
763
657
0
657
597
756
0
756
583
0
0
0
0
0
0
0
0
150
0
150
150
7,079
0
7,079
6,357
3,341
0
3,341
3,085
1,079
0
1,079
1,072
4,378
0
4,378
5,881
32,825
0
32,825
31,958
6,702
4,585
11,287
5,959
0
0
0
0
0
0
0
4,332
6,702
4,585
11,287
10,291
0
0
0
0
0
2,980
2,980
2,055
0
2,980
2,980
2,055
95,981
7,565
103,546
74,596

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PAROCHIAL CHURCH COUNCIL of BOTTESFORD WITH ASHBY TEAM MINISTRY

NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 December 2021

4 STAFF COSTS

2021 2020
Wages and Salaries nil £829
Social Security Costs nil nil
Pension Costs nil nil

During the year the PCC made payments to 2 organists, and 1 cleaner (at St. Paul's Hall), all part-time, all of them being self-employed

Mrs. Yvonne Ellis, a parish organist, was paid £100 during the year. She was a member of the Parochial Church Council until she sadly passed away at the end of November.

Apart from the above and the clergy, no other member received any reimbursement of expenses or remuneration.

5 INVESTMENTS

At the start of the year, the PCC had investments in the CBF Investment Fund, the M&G Charifund, the CBF Church of England Deposit Fund and at the CAF Bank. Following the advice of the Diocese, the Charifund investment was transferred to the Eden Tree (Amity Global Equity) Fund mid-year. All investment funds performed well over the year.

In addition, the PCC holds cash in various bank accounts, including separate current accounts for the Hall and Brigade.

Reserves Policy

Restricted Funds

The PCC continues to receive bequests and donations for specific projects of a capital nature, creating or adding to Restricted Funds. Going forward, the PCC will encourage donors to contribute to Unrestricted Funds in order to maintain the flexibility to address capital requirements across the Parish as a whole.

Unrestricted Designated Funds

Under the Constitutions of the PCC and the Hall Committee, the funds held by the Parish Hall in its separate bank account are considered to be Designated for the use of the Hall Committee. The operations of the Hall Committee tend to generate a surplus, and that Committee often donates funds back to the PCC for general use. These are considered to be Unrestricted. No further funds have been designated by the PCC for a specific use.

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PAROCHIAL CHURCH COUNCIL of BOTTESFORD WITH ASHBY TEAM MINISTRY

NOTES TO THE FINANCIAL STATEMENTS (Continued) For the year ended 31 December 2021

Other Unrestricted Funds

The sale of various tranches of church land within the Parish was approved by the Church Commissioners under the provisions of the New Parishes Measure 1943. The regulation laid down that the net sale proceeds should be invested by the Lincoln Diocesan Trust on behalf of the PCC who have power to spend income and capital, if so desired, with the approval of the Archdeacon. These funds are also considered to be Unrestricted.

Endowment Funds

The PCC does not hold and is not the beneficiary of any Endowment Funds.

7 DONATIONS TO CHARITY

During the year, the PCC made donations totalling £1,700 to charities from its own funds. The breakdown was as follows:

Mary’s Meals £ 340
Mercy Ships £ 340
City of Sanctuary £ 340
The Bible Society £ 340
The Church Army £ 340

A donation of £303 was made to Tearfund following special collections at services during harvest time. This donation passed through the PCC’s bank account.

During the year, a number of additional donations were made from collections organised in the churches and the Parish Hall. These additional donations did not pass through the PCC’s bank account.

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