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

l ¥ll-l¥ l!Ill

i)111

1111 ilj

IS 235¥¥ ?IXZ

IS

Jll; {I'llil;

l ¥ £1!. I:

i{;li 1$ Il, I,

THE PAROCHIAL CHURCH COUNCIL OF SAINT BARTHOLOMEW, SYDEN

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2021

Charity Commission Registration Number 1133852

CONTENTS

Page 2 3 4 to 5 6 7 8 to 10

Balance Sheet Statement of Financial Acti General Fund Buildings & SABRE Funds Specific Projects Fund Notes to the Accounts

1

THE PAROCHIAL CHURCH COUNCIL OF SAINT BARTHOLOMEW, SYDENHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 BALANCE SHEET AT 31ST DECEMBER 2021

Note
Fixed assets:
2
Current assets:
- CBF is part of the Church of England
Cash in church safe for event foats and petty cash
Current liabilities:
2
- mainly fees due to the Diocese for 2021 & Mission Giving
Net current assets
Total assets minus current liabilities
Long term liability
2
Tangible assets_(curate's fat at cost)
Debtors & accrued income(Dec Parish Giving Scheme)
Payments in advance(insurance)
Balance at Natwest bank(current account)
Balance at CAF bank(current account)
Balance with the CBF (Central Board of Finance(deposit account))
Loan amount payable within one year(fat repayment)
Other creditors due within one year(accruals)
Diocesan loan for fat purchase -_payable after one year		 £
4,695
3,995
23,932
149,783
22,760
188
205,353
6,464
6,575
13,039
50,234

Represented by:

Unrestricted funds

General fund

Restricted funds

Buildings fund
curate fat purchase cost
curate fat outstanding mortgage
equity in curate fat - not available to spend
surplus in fund that can be spent on works
total in Buildings Fund at end of year		 183,131
56,698
126,433
23,545
149,978
149,978

2

SABRE restoration fund Specific projects fund

92,139 3,343

8

Rev. Jim Perry Incumbent

Lesley Khatibi Churchwarden

March 2022

3

THE PAROCHIAL CHURCH COUNCIL OF SAINT BARTHOLOMEW, SYDENHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

STATEMENT OF FINANCIAL ACTIVITIES

Incoming resources
Incoming resources from generated funds
Voluntary income
Activities for generating funds
Investment income
Incoming resources from charitable activities
ie fees
Total incoming resources
Resources expended
Costs of generating funds
Costs of running the church
Governance costs (examination of accounts)
Total resources expended
Net incoming/(outgoing) resources before transfers
reduction in fat loan liability - to Balance Sheet
Transfers between funds
Net movement in funds
Total funds as at 1 January 2021		 General fund
£
Unrestricted
funds		 Re
£
0
4,000
0
0
4,000
0
15,342
0
15,342
-11,342
6,464
12,464
7,586
142,392
Building
fund
94,840
27,174
0
1,095
123,109
0
95,999
0
95,999
27,110
0
-11,464
15,646
64,105

4

Total funds as at 31 December 2021

79,751

149,978

5

THE PAROCHIAL CHURCH COUNCIL OF SAINT BARTHOLOMEW, SYDENHAM

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

GENERAL FUND (UNRESTRICTED FUND) INCOME AND EXPENDITURE ACCOUNT AND FUND MOVEMENT

Note £

Incoming Resources

Donated income
Parish Giving Scheme_- regular giving_ 60,495
Tax (gift aid) -reclaimed on donations 17,448
Weekly collections_- now included the credit card machine_ 2,406
Non-specifc donations_(inc generous pandemic donations & a legacy)_ 14,241
Old Church Hall site -ground rents + sale of one freeholds 250
Fees for weddings, funerals, banns
Investment income
Interest on General Fund bank balance
Fund-raising activities
Sydenham Life advertising revenue
Floodlighting
Hymn book sponsorship
Rent from the curate's fat
Sunday morning cofee, breakfasts, afternoon teas
Quiz evening
Lettings - hall, crypt and church hire_- hit by the pandemic_
Jumble sale March_(a donation because it was cancelled)
Christmas Fair income(a donation because it was cancelled)
Curate training subsidy- from the Diocese, now fnished_
0
8,809
640
500
0
0
16,620
19
86
500
0

6

Total general fund Incomlng resources

THE PAROCHIAL CHURCH COUNCIL OF SAINT BARTHOLOMEW, SYDENHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

GENERAL FUND (UNRESTRICTED FUND)

INCOME AND EXPENDITURE ACCOUNT AND FUND MOVEMENT

Note
Resources Expended
On church objects
Sydenham Life printing and expenses
Bank charges
Parish Pledge to Diocese_- for clergy salaries, housing and training_
Utilities -water, gas, electricity
Insurance_- for the building_
Altar requisites -wafers, wine, candles etc		 £
62,500
1,795
7,765
125
3,454
545
2,592
2,062
4,593
200
405
418
718
525
3,713
592
916
2,469
12
Interest on loan to purchase the curate's fat
Curate's fat service charge, council tax, repairs
Flower costs
Staf expenses - travel, telephone etc
9
Books & print
Ofce expenses - photocopier etc
Organist
Instrument maintenance
3
Sunday morning cofee expenses
Cleaning -includes consumables, rubbish removal, deep clean
Non fund-raising activities_- skip hire etc_
Choir & music_- church copyright licence_
Mission giving_- to local/national/international charities_
balancing item 600
total normal costs
Inter-fund transfers etc:
Transfer to Buildings Fund - capital repayments on fat
2
-6,464
Transer from Specifc Projects Fund - pandemic funds unused 1,000
Transfer to Buildings Fund - repairs and renewals
Total Inter-fund transfers etc:		 -6,000

8

Total general fund resources expended

Net (Deficit)/Surplus in the General Fund in the year

Surplus/(deficit) from the previous year

Surplus/(deficit) carried forward to the ensuing year

9

THE PAROCHIAL CHURCH COUNCIL OF SAINT BARTHOLOMEW, SYDENHAM
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021
BUILDINGS FUND (RESTRICTED FUND)
INCOME AND EXPENDITURE ACCOUNT AND FUND MOVEMENT
Note
£
Incoming Resources
Donated income for repairs
4,000
Total buildings fund incoming resources
Resources Expended
4
8,878
Capital paid of loan to purchase curate's fat
2
6,464
Total buildings fund resources expended
Surplus/(defcit) for the year
Surplus from the previous year (inc equity in fat)
transfer from General Fund for fat capital repayment
transfer from General Fund for repairs & maintenance
increase in Buildings Fund = reduction in loan liability on balance sheet
Surplus carried forward to the following year
Routine repairs_- new signs, hall foor repair etc_		 THE PAROCHIAL CHURCH COUNCIL OF SAINT BARTHOLOMEW, SYDENHAM
FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021
BUILDINGS FUND (RESTRICTED FUND)
INCOME AND EXPENDITURE ACCOUNT AND FUND MOVEMENT
Note
£
Incoming Resources
Donated income for repairs
4,000
Total buildings fund incoming resources
Resources Expended
4
8,878
Capital paid of loan to purchase curate's fat
2
6,464
Total buildings fund resources expended
Surplus/(defcit) for the year
Surplus from the previous year (inc equity in fat)
transfer from General Fund for fat capital repayment
transfer from General Fund for repairs & maintenance
increase in Buildings Fund = reduction in loan liability on balance sheet
Surplus carried forward to the following year
Routine repairs_- new signs, hall foor repair etc_

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021
BUILDINGS FUND (RESTRICTED FUND)
INCOME AND EXPENDITURE ACCOUNT AND FUND MOVEMENT
Note
Incoming Resources
Donated income for repairs
Total buildings fund incoming resources
Resources Expended
4
Capital paid of loan to purchase curate's fat
2
Total buildings fund resources expended
Surplus/(defcit) for the year
Surplus from the previous year (inc equity in fat)
transfer from General Fund for fat capital repayment
transfer from General Fund for repairs & maintenance
increase in Buildings Fund = reduction in loan liability on balance sheet
Surplus carried forward to the following year
Routine repairs_- new signs, hall foor repair etc_
8,878
6,464
SABRE RESTORATION FUND (RESTRICTED FUND)
INCOME AND EXPENDITURE ACCOUNT AND FUND MOVEMENT
Note
Incoming Resources
SABRE donations including gift aid
grant income - from Church Care
fundraising - Taking Back Time events		 £
12
5,200
0

10

Investment income
Interest on balance with CBF (SABRE funds)
Total SABRE restoration fund incoming resources
Resources Expended
5
Total SABRE fund resources expended
Surplus/(defcit) for the year
Surplus from the previous year
Surplus carried forward to the following year
SABRE restoration costs_- VAT reclaimed from 2020_		 10
-7,511

11

THE PAROCHIAL CHURCH COUNCIL OF SAINT BARTHOLOMEW, SYDENHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 SPECIFIC PROJECTS FUND (RESTRICTED FUND) INCOME AND EXPENDITURE ACCOUNT AND FUND MOVEMENT

Note £

Note £
Incoming Resources
Donations
Bishop's Lent appeal -for a range of charities 0
Star Service Sunday_- donated to Sightsavers_ 0
Poppy Appeal_- to Royal British Legion_ 59
Pandemic Support Fund ;and Citizens UK 0
Carol service_- to Sightsavers_ 70
Organ restoration donations_- inc VAT reclaimed_ 2,185
Christingle service_- for The Children's Society_ 0
Lewisham Parochial Charities income - Welfare Fund 0
Carol concert - Sydenham School to Embrace 0
Christian Aid collections 209
Youth work income_- donations towards Action Bibles for school_ 524
Total specifc projects fund incoming resources
Resources Expended
Expenditure on church objects
Bishop's Lent call 0
Sightsavers 70
British Legion 59
Pandemic costs and donations made/Citizens UK 0
Christian Aid 209
Organ restorations expenses 1,042
The Children's Society (Christingle) 0
Youth work costs_- purchase of Action Bibles for school_ 648

Total specific projects fund resources expended

12

Transfer back to General Fund - pandemic response unused

Surplus/(Deficit) for the year

Surplus from the previous year

Surplus carried forward to the ensuing year

13

THE PAROCHIAL CHURCH COUNCIL OF SAINT BARTHOLOMEW, SYDENHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

NOTES TO THE ACCOUNTS AT 31ST DECEMBER 2021

1) ACCOUNTING POLICIES

The financial statements are presented in accordance with the Church Accounting Regulatio together with applicable accounting standards and the Charities Commission's revised Stat Practice (the Charities SORP).

The accounts are prepared under the historical cost convention.

Funds

The General Fund represents the funds of the PCC that are not subject to any restrictions re available for its general purposes.

The Buildings Fund is a restricted fund deriving its income from legacies, donations and fun be used specifically for building work. It now holds the equity in the flat purchased for cura The Specific Projects Fund is a restricted fund reserved for the projects listed for which the been earmarked.

The accounts include all transactions, assets and liabilities for which the PCC is responsible which the PCC exercises control.

Incoming Resources

Incoming resources are recognised in the following manner:

Resources Used

The Parish Pledge paid to the Diocese covers the cost of clergy, pensions, housing and cent It is accounted for in the year during which payment is sought. Any unpaid contribution at 3 is included in the balance sheet as a creditor (though not a legal liability).

Resources Expended

Expenditure is recognised on the accruals basis as a liability is incurred. Expenditure includ cannot be recovered, and is reported as part of the expenditure to which it relates.

Fixed Assets

Consecrated and beneficed property of any kind is excluded from these accounts.

Other property held for the church's use is shown at cost of acquisition (eg the curate's flat

14

Other fixtures and fittings are depreciated on a straight line basis over 3 years. Individual it with a purchase price of £1,000 or less are written off when the asset is acquired.

Current Assets

Amounts due to the PCC at 31 December 2021

15

THE PAROCHIAL CHURCH COUNCIL OF SAINT BARTHOLOMEW, SYDENHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021 NOTES TO THE ACCOUNTS AT 31ST DECEMBER 2021

2) TANGIBLE FIXED ASSETS

Cost

At 1st January 2021 Additions At 31st December 2021

Depreciation

At 1st January 2021 For the year At 31st December 2021

Net Book Amounts

At 31st December 2021

At 31st December 2021

The leasehold property was purchased on 10th August 2005 for the purpose of housing cur by the Diocese of Southwark for training. It consists of a flat at 1 Ashleigh Court, 81 Lawrie SE26 6EX. In accordance with the law relating to property held by parishes, the legal owne the Southwark Diocesan Board of Finance and the South London Church Fund as Custodian Any capital gain or loss on the property will accrue to the parish. The flat was purchased for £183,130, and might now be worth more than that. The loan of £150,000 from the Diocese is repayable over 25 years from 12th August 2005 inclusive of interest currently at 3.5% above Bank Rate. The lease has been extended to 990 years.

balance of the loan outstanding at 31st December 2020 less repayments made in 2021 plus interest costs added in 2021 balance of the loan outstanding at 31st December 2021

amount payable within one year amount payable after one year

Now included in the accounts is a transfer from the General Fund to the Buildings Fund equ loan. Interest costs are an expense from the General Fund, but capital repayments result in loan liability reduces. Significant capital repayments are now being made, and the addition needs for these repayments. So the surplus or deficit in the General Fund shows the full po repayments have been made.

3) MISSION GIVING

16

Mission giving is agreed at 3% of the church's donated income during the previous year an causes by direct giving from the church's general income, rather than by specific fund-raisi The Giving for 2021 of £2,469 is being carried forward to 2022, and a mix local, national an chosen Citizens UK - to support work during the pandemic

17

THE PAROCHIAL CHURCH COUNCIL OF SAINT BARTHOLOMEW, SYDENHAM FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2021

NOTES TO THE ACCOUNTS AT 31ST DECEMBER 2021

4) BUILDINGS FUND

The balance in this fund represents the funds donated for building works, and the equity in curate's flat. A summary of the money available for building works is:

available for repairs works at 31/12/2020 £22,423
donations received for building works £4,000
transferred from the General Fund - repairs & maintenance £6,000
spent on replacing part of the hall foor £0
spent on routine repairs and maintenance -£8,878
available for repairs at 31/12/2021 £23,545
plus the equity in the curate's fat (not availble to spend) £126,433
total carried forward in Buildings Fund at 31/12/21 £149,978
SABRE RESTORATION FUND
The Saint Barts Restoration Appeal (SABRE) was launched in 2014 to raise money for a com
of repairs to and restoration of the building, along with improvements to beneft the congre
funds brought forward 1/1/2021 £79,406
funds raised in 2021 £5,212
Interest on balance with CBF (SABRE funds) £10
spent in the year - in 2021 this is VAT received back from earlier works £7,511
SABRE funds available at 31/12/2021 £92,139
This balance is held in the church accounts at NatWest, CAF bank and CBF (Church of Engla
The total raised so far since the appeal was launched is: £419,323

5) SABRE RESTORATION FUND

6) SPECIFIC PROJECTS FUND

The balance in this fund at 31/12/2021 breaks down as: £1,048 Youth Work funds £712 Pandemic cupport & Citizens UK £440 Welfare Fund, to be used at the discretion of the vicar for needy memb £1,143 availbale for organ restoration and repairs £3,343

7) PCC MEMBERS

No member of the PCC has received any remuneration from the PCC during the year.

8) ANALYSIS OF THE MAIN BALANCE SHEET HEADINGS BY FUND

Unrestricted
funds Re
Building
General fund fund
£ £
Tangible fxed assets 0 183,131
Current assets 86,326 23,545
Less Current liabilities 6,575 6,464
Less Longterm liabilities 0 50,234
Total net assets 79,751 149,978

18

**9) ** ANALYSIS OF TRAVEL AND ENTERTAINING EXPENSES PAID TO MEMBERS ANALYSIS OF TRAVEL AND ENTERTAINING EXPENSES PAID TO MEMBERS OF THE P
Travel Entertaini
£ £
Rev Jim Perry 77 0
0 0
Total 77 0

19

MHAM vities

2021 £
183,131
192,314
375,445
50,234
325,211
79,751		 2020
£
£
183,131
6,396
3,454
20,081
120,878
22,750
166
173,725
6,464
4,067
10,531
163,194
346,325
57,098
57,098
289,227
64,105
142,393		 2020
£
£
183,131
6,396
3,454
20,081
120,878
22,750
166
173,725
6,464
4,067
10,531
163,194
346,325
57,098
57,098
289,227
64,105
142,393
289,227
64,105

21

245,460
325,211		 79,406
3,324
225,123
289,227

Roland Bates Churchwarden

22

estricted funds
£
£
SABRE
restoration
fund
Specifc
projects
fund		 2021
£
Total
funds		 2020
£
Total
funds
5,212
3,047
0
0
10
0
0
0
5,222
3,047
0
0
-7,511
2,028
0
0
-7,511
2,028
12,733
1,019
0
0
0
-1,000
12,733
19
79,406
3,324		 103,099
31,174
10
1,095
135,378
0
105,858
0
105,858
29,520
6,464
0
35,984
289,227		 114,028
32,878
96
159
147,161
0
172,716
0
172,716
-25,555
6,464
0
-19,091
308,318

23

92.139 3.343 325.211 289.227

2021 2020 £ £ £

----- Start of picture text -----
60,084
20,273
2,701
11,063
2,959
94,840 97,080
1,095 159
0
0 0
----- End of picture text -----

11,415 700 500 10 10 15,400 151 0 500 192

25

27.174 28.878 123.109 126.117

2021
£
95,999
-11,464		 2020
£
£
62,000
778
7,434
77
4,191
218
2,629
6,864
3,423
0
222
465
467
2,365
3,696
333
1,111
2,580
50
98,903
-6,464
-1,195
-12,000
-19,659

27

107,463 118,562
15,646
64,105
79,751		 7,555
56,550
64,105

28

2021 £
4,000
15,342
(11,342)		 2020
£
£
4,000
4,000
11,736
6,464
18,200
(14,200)		 2020
£
£
4,000
4,000
11,736
6,464
18,200
(14,200)
4,000
18,200
(14,200)
142,392
6,464
6,000
6,464
149,978		 131,664
6,464
12,000
6,464
142,392
2021 2020
£ £
£
51
10,000
0
2021 2020
£ £ £
51
10,000
0

29

5,212
10
5,222
-7,511
12,733
79,406
92,139		 96
47,295		 10,051
96
10,147
47,295
(37,148)
116,554
79,406

30

2021 2020
£ £ £
243
25
0
2,616
0
3,913
96
0
0
5
0

3,047 6,897

268 25 904 5 7,021 96 0

2,028 8,318

31

-1.000 19 1.195 -226 3.324 3.550 3.343 3.324

ons 2006, tement of Recommended

egarding their use, and are

nd-raising activities to tes in training. incoming funds have

e in law or over

me is recognised

tral overheads. 31st December

des VAT which

t).

33

tems of equipment

Ofce
Equipment
£
2,792
0
2,792
2,791
0
2,791
1
1		 Long
Leasehold
£
183,130
0
183,130
0
0
0
183,130
183,130

rates sent to the parish Park Road, London, rs of the property are Trustees for the parish.

by monthly instalments

£ 63,162 -9,056 2,592 56,698 6,464 50,234 56,698

ual to the capital repayments for the flat n an increase in the Buldings Fund as the of this line makes clear the funding sition after both interest and capital

35

d was used to support the following ng activities: nd international charities will be

36

the

mprehensive programme egation and community.

and account).

bers of the congregation.

Total Total
estricted funds funds funds
SABRE Specifc
restoration projects
fund fund 2021 2020
£ £ £ £
0 0 183,131 183,131
92,139 3,343 205,353 173,725
0 0 13,039 10,531
0 0 50,234 57,098
92,139 3,343 325,211 289,227

37

CC DURING 2021 Ing Total 77 77