2021-12-31-accounts - The Parochial Church Council Of The Ecclesiastical Parish Of St Nicholas, Durham

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		Page
Members' annual report
Independent examiner's report to the members
Statement offinancial	activities	12
Statement offinancial	position	13
Notes to the financial	statements	14
The followfng pages	do not form part ofthe financial statements
Detailed statement of	financial activities	30

			2021		2020
		Unrestricted	Restricted Endowment
	N~	funds K	funds funds	Total funds	Total funds
Income and endowments
Donations and legacies Chantable activities Other trading activities Investment income Other income	4 5 6 7 8	234,685 86,345 212 5,928 2,257	(18) 7,374 7	234,667 93,719 212 5,937 2,257	225,731 72,486 248 2,799 1,594
Total income		329,427	7,363	336,792	302,858
Expenditure
Expenditure on
charitable activities	9,10	325,006	10,022	335,028	317,600
Total expenditure		325,006	10,022	335,028	317,600
Net income/(expenditure)		4,421	(2,659)	1,764	(14,742)
Transfers between funds		(1,790)	1,792 (2)
Net movement in funds		2,631	(867)	1,764	(14,742)
Reconciliation offunds
Total f'unds brought forward		261,803	21,514 5,073	288,390	303,132
Total funds carried forward		264,434	20,647 5,073	290,154	288,390

value, over the useful econo	mic life ofthat asset	as f
Youth centre	2% straight	line
Fixtures and fittings	25%straight	line
Equipment	25%straight	line
Office Equipment	25%straight	line

		Unrestricted	Restricted	Total Funds
		Funds	Funds f	2021
Donations
Planned Giving	- giR aided	122,234		122,234
Tax recoverable		42,767		42,767
Collections		20,289		20,289
Other planned	giving	49,395	(18)	49,377
		234,685	(18)	234,667
		Unrestricted	Restricted	Total Funds
		Funds	Funds	2020
Donations
Planned Giving - gift aided Tax recoverable Collecbons Other planned giving		'l31,966 37,082 13,696 42,113	840 34	132,806 37,082 13,696 42,147
		224.857	874	225,731

Invest	ment i	ncome (conlfnuedj
			Unrestricted	Restricted	Endowment	Total	Funds
			Funds	Funds	Funds		2020
			f
Bank	interest	receivable	570	22	7		599
Rental	income		2,200				2,200
			2,770	22			2,799

Other inc	ome
		Unrestricted	TotalFunds	Unrestricted	Total Funds
		Funds f	2021	Funds f	2020 f
Insurance	claim	1,574	1,574
Job Retention Scheme		683	683	1,594	1,594
		2,257	2,257	1,594	1,594

Expenditure on charitab	le activities by fun	d type
		Unrestricted	Restricted	Total Funds
		Funds	Funds f	2021 K
Parish Share		116,250		116,250
Clergy expenses and vicarage costs Church running expenses		2,718 48,285	9,958	2,718 58,243
Youth Centre costs		8,884		8,884
Payroll - Support staff Home Ministry Church Administration		8,179 3,809 68,365		8,179 3,809 68,429
Missionary and Charitable	Giving	7,590		7,590
Discipling Church Support costs		60,026 900		60,026 900
		325,006	10,022	335,028
		Unrestricted	Restricted	Total Funds
		Funds f	Funds f	2020
Parish Share		114,500		'I14,500
Clergy expenses and vicarage costs Church running expenses Youth Centre costs		3,544 36,372 6,428		3,544 36,721 6,428
Payroll - Support staff Home Ministry		7,530 6,405		7,530 6,549
Church Administration		71,445		71,445
Missionary and Charitable Discipling Church Support costs	Giving	7,590 62,393 900		7,590 62,393 900
		317,107	493	317,600

				Activities	Activities	Activities
				undertaken			Grant funding			Total funds	Total fund
				directly E			ofactivities Support cos		ts	2021 K	2020 f
	Parish Share			116,250						116,250	114,500
	Clergy expenses and
	vicarage costs					2,718				2,718	3,544
	Church running
	expenses				58,243					58,243	36,721
	Youth Centre costs					8,884				8,884	6,428
	Payroll - Support staff					8,179				8,179	7,530
	Mome Ministry					3,809				3,809	6,549
	Church Administration				68,429					68,429	71,445
	Missionary and
	Charitable Giving						7,590			7,590	7,590
	Discipling Church				60,026					60,026	62,393
	Governance costs							900		900	900
				326,538			7,590	900		335,028	317,600
11~	Analysis ofgrants
										2021	2020
										R
	Grants to institutions
	Church Missionary	Society								2,000	2,000
	Bible Society									1,500	1,500
	Latvia Biblical Centre									1,800	1,800
	Church Army (Friends ofBungokho) Vereinigte Deutsche Missionshilfe (Manasseh 4 Catrin Tuyizere)									1,000 750	1,000 750
	Mission Aviation Fellowship									540	540
										7,590	7,590
	Total grants									7,590	7,590
12.	Met income/(expenditure)
	Net income/(expenditure)		is	stated after			charging/(crediting):
										2021	2020
	Depreciation oftangible fixed assets									7,824	7,339
13.	Independent examination			fees
										2021 f	2020
	Fees payable to the	independent				examiner for.
	Independent examination		ofthe		financial		statements			900	900

Staffcosts
The total staff costs and	employee	benefits forthe reporting	period are analysed as	follows:
			2021 f	2020
Wages and salaries			96,083	98,802
Social security costs			482	189
Employer contributlons	to pension	plans	5,730	6,064
			102,295	105,055

Tangible fixed assets
	Youth Fixtures and			Office
	Centre	fittings E	Equipment	Equipment f.	Total E
Cost
At 1January 2021 and
31December 2021	149,558	7,529	7,353	4,452	168,892
Depreciation
At 1January 2021	49,449	2,745	4,164	1,275	57,633
Charge for the year	2,99$	1,882	1,838	1,113	7,824
At 31 December 2021	52,440	4,627	6,002	2,388	65,457
Carrying amount
At31December 2021	97,118	2,902	1,351	2,064	103,435
At 31 December 2020	100,109	4,784	3,189	3,177	111,259
Debtors
				2021	2020
				K
Prepayments				1,627	2,797
Accrued income				1,015	838
Gift aid recoverable				9,074	9,678
				11,716	13.313
Creditors: amounts falling due	within one year
				2021	2020
Trade creditors				176	192
Accruals and deferred income				8,015	6,732
Social security and other taxes				2,111
Janet Foster fund				5,796	5,796
Pension creditor				711	678
Other creditors					1,047
				16,809	14,445

Unrestricted funds
						At
		At 1 January 2021	Income	Expenditure	31 December Transfers 2021 E f
General funds Reserve fund		23,327 50,839	272,128	(249,875)	(5,160) 21	40,420 50,860
Ministry Assistants'	Fund	1,177			(177)	1,000
Market Place
Partnership, coffee lounge		20,742				20,750
Market Place
Partnership, PCC funds StNicholas' Estate Fund		2,502 1,617			1	2,503 1,618
Student Ministry Teen Aid		2,987 1,069		(1,488)	(1,370) 2	129 1,071
Tiddly Winks-
Parent/Toddler Fund		288			(288)
Youth Centre - General		1,'l33		(5,368)		(4,235)
Youth Centre - Tuck
Shop
Youth Fund		1,325			(1,325)
Fixed Assets		111,259		(7,824)		103,435
Maintenance Fund		25,794		(540)	4,757	30,011
Recovery Group		4,756			1	4,757
Children and Families		1,239		(1,817)	563	(15)
Discipling Church		12,920	57,299	(58,094)	5	12,130
Mission Week		154			(154)
Youth Ministry		(1,325)			1,325
		261,803	329,427	(325,006)	(1,790)	264,434
						At
		At 1 January			31	December
		2020	Income	Expenditure	Transfers	2020
						K
General funds Reserve fund		34,115 50,772	231,232 67	(236,500)	(5,520)	23,327 50,839
Ministry Assistants' Fund Market Place		8,177			(7,000)	1,177
Partnership, coffee
lounge		20,281	2,080	(1,619)		20,742
Market Place
Partnership, PCC funds StNicholas' Estate Fund		2,499 1,615				2,502 1,617

Student Ministry	Student Ministry	722	1,103	(1,616)	2,778	2,778	2,987
Teen Aid		1,062				7	1,069
Tiddly Winks-
Parent/Toddler	Fund	273	78	(63)			288
Youth Centre	- General	(590)		(3,437)	5,160		1,133
Youth Centre	- Tuck
Shop		81				(81)
Youth Fund		1,325					1,325
Fixed Assets		115,935		(7,340)	2,664		111,259
Maintenance	Fund	30,488	34	(4,728)			25,794
Recovery Group		4,784	756	(784)			4,756
Children and Families		247	270	(1,522)	2,244		1,239
Discipling Church		9,054	63,364	(59,498)			12,920
Mission Week		154					154
Youth Ministry		(1,401)				76	(1,325)
		279,593	298,989	(317,107)	328		261,803
Restricted funds
							At
		At 1 January				31	December
		2021 f	Income f	Expenditure f	Transfers f		2021 f
Bells		366					366
Decoration of	Halls Fund
Rower Fund Gilh to Others Incumbent's fees to		86 12		(71) (64)		52	15
Diocese International Student		91			(91)
Fund Music Group St Nic's Pics		1,268 98 '169		(400)	302 60		1,268 229
Organ/Piano		(130)			130
Other restricted funds		877	7,356	(7,258)			975
PA Fund		438		(117)			321

. Analysis ofcharitable	funds (contlnuedl
SNACS - Main account	7,642		(3)			7,645
St Nic's Puppet Ministry Green Fund	1,067 741		(2,074)	1,333		1,067
VicaVs Fund Insulation ofUpper Hall	2,860 5,929	1 2	(32) (2)		1 2	2,830 5,931
	21,514	7,363	(10,022)	1,792		20,647
						At
	At 1 January 2020	Income f	Expendituref	Transfers f	31	December 2020 f
Bells	678		(312)			366
Decoration ofHalls Fund Flower Fund Gifts to Others	5,081 109 12	848 14	(37)	(5,929)		86 12
Incumbent's fees to
Diocese	165	(74)				91
International Student
Fund	1,268					1,268
Music Group St Nic's Pics	98 169					98 169
Organ/Piano Other restricted funds	(130) 1,178	20		(321)		(130) 877
PA Fund	438					438
SNAGS - Main account	7,632	10				7,642
St Nic's Puppet Ministry	1,027	40				1,067
Green Fund	741					741
VicaVs Fund		3,004	(144)			2,860
Insulation ofUpper Hall				5,929		5,929
	18,466	3,862	(493)	(321)		21,514

						At
		At 1 January				31December
		2021 f	Income f	Expenditure f	Transfers	2021 f
Patterson	Endowment
Fund		5,073			(2)	5,073
		At				At
		1January20			31 December
		20 f	Income f	Expenditure f	Transfers f	2020 f
Patterson	Endowment
Fund		5,073			(7)	5,073

Analysis ofnet as	sets between	funds
		Unrestricted	Restricted	Endowment	Total Funds
		Funds	Funds	Funds	2021
Tangible fixed assets		103,435			103,435
Current assets		177,808	20,647	5,073	203,528
Creditors less than	1 year	(16,809)			(16,809)
Net assets		264,434	20,647	5,073	290,154
		Unrestricted	Restricted	Endowment	Total Funds
		Funds	Funds	Funds	2020
Tangible fixed assets		111,259			111,259
Current assets		164,989	21,514	5,073	191,576
Creditors less than	1year	(14,445)			(14,445)
Net assets		261,803	21,514	5,073	288,390

Operating	leas	e commit	ments
The total	future	ininimum	lease payments	under non-cancellable	operating	leases are as follows:
						2021	2020
						K
Not later than 1		year				288	288
Later than	1 year and not		later than 5years			360	648
						648	936

Year ended 31 December 2021
	2021	2020
Income and endowments
Donations and legacies Ranned Giving - gift aided Tax recoverable	122,234 42,767	132,806 37,082
Collections	20,289	'i3,696
Other planned giving	49,377	42,147
	234,667	225,731
Charitable activities
Gift Day - No gift aid Gift Day - Gift aid Discipling Church income PCC Activities	15,162 18,065 57,299 819	63,347 8,389
Recovery group Miscellaneous income	2,374	750
	93,719	72,486
Other trading activities
Fees - Weddings &funerals	212
Investment income
Bank interest receivable	74	599
Rental income	5,863	2,200
	5,937	2,799
Other income
Insurance daim	1,574
Job Retention Scheme	683	1,594
	2,257	1,594
Total income	336,792	302,858

			2021	2020
			K
Expenditure on	charitable	activities
Parish Share
Parish Share			116,250	114,500
Clergy expenses	and vicarage costs
Clergy expenses			2,718	3,544
Church running	expenses
Building maintenance Cleaning, utilities 8 insurance Services Depreciation ofequipment			34,907 12,870 8,628 1,838	14,694 12,835 7,722 1,470
			58,243	36,721
Youth Centre costs
Youth centre Depreciation ofyouth centre			5,893 2,991	3,437 2,991
			8,884	6,428
Payroll - Support	staff
Support staff Pension costs			8,166 13	7,530
			8,179	7,530
Home Ilinistry
Parish events			101	304
Student ministry			1,488	1,616
Alpha			82	481
Coffee lounge Youth ministry			66	1,619
Children's Ministry			1,817	1,442

				2021	2020f
Brought forward				3,554	5,462
Other costs				255	303
Recovery Group					784
				3,809	6,549
Church Administration
Gross				55,624	53,247
NIC				426	189
Pension				4,478	4,346
Administration		costs		7,901	13,663
				68,429	71,445
Missionary		and Charitable	Giving
Missionary	Support			7,590	7,590
Discipling	Church
Wages				32,293	38,025
NIC				56
Pension				1,239	1,718
Depreciation				2,995	2,878
Other costs				23,443	19,772
				60,026	62,393
Governance		costs
Accountancy		fees		900	900
Total expenditure				335,028	317,600
Net income/(expenditure)				1,764	(14,742)