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## **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**
- summarising the three funds in SORP (Statement of Recommended Practice) format
|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:
- (i) Collections and planned giving when received.
- (ii) Gift Aid recoverable on donations, when receivable.
- (iii) Grants and legacies to the PCC, when received.
- (iv) Income from fund-raising and similar activities, gross when received.
- (v) Investment income and income receivable, when receivable. Tax recoverable on such incom in the same year.
## **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