PCC
ofSt Mary with St Alban, Teddington
Annual Report
PCC of St Mary with St Alban, Teddington
Annual Report Year ended 31 December 2021
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PCC ofSt Mary with St Alban, Teddington Annual report
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Contents
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Annual review Financial review Independent examiner’s report Statement of financial activities Balance sheet Notes and accounting policies
2 5 9 10 1] 12
Annual review
for the year ended 31 December 2021
Administrative information
St Mary with St Alban church is situated in Teddington. It is part of the Diocese of London and is under the Episcopal area of Kensington. The correspondence address is: St Mary's Parish Hall, Langham Road, Teddington TW11 9HF.
The Parochial Church Council (PCC) is Registered with the Charity Commission (of England and Wales), Charity No. 1133919. Members of the PCC are either ex-officio or elected by the Annual Parochial Church Meeting (APCM) in accordance with the Church Representation Rules.
During the year the following served as members of the PCC:
Incumbent
Reverend Joe Moffatt
Associate Priest Reverend Caroline Halmshaw Assistant Priest Reverend Mary Hawes Churchwardens Mr Robin Field-Smith Mrs Carla Maroussas Representatives on Ms Anne O’Neil (resigned June 2021) Diocesan Synod Representatives on Mrs Hilary Adamson Deanery Synod Mr Malcolm Eady Mrs Suzie Gordon Mr Fred Squire (Treasurer) Mrs Sue Stevens Elected Members Mrs Kay Cassidy Mrs Ruth Chaperlin Mr Anthony Cooper (elected 27 April 2021) Mr David England (resigned 27 April 2021) Mr Paul Hammond (re-elected 27 April 2021) Ms Sidonie Kennan (elected 27 April 2021) Mrs Katherine Matthews (Honorary Secretary) (re-elected 27 April 2021) Mrs Jennifer Paynter Mr David Power
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PCC ofSt Mary with St Alban, Teddington Annual Report
Mrs Sarah Rae Ms Alex Ruffer (elected 27 April 2021) Ms Krysia Smith Mrs Margaret Squire Mr Peter Stevens (re-elected 27 April 2021) Mr Nic Strhan Mrs Sarah Williams
Structure, governance and management
PCC:
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 stand for election to the PCC.
Standing Committee:
This is the only committee required by law. It has the power to transact the business of the PCC between its meetings, subject to any directions given by the PCC.
The business of the PCC is to manage and oversee the various church activities which can be summarised as:
Finance: all financial matters related to the church.
Fabric: the care and maintenance of the church building, churchyard and parish hall; the Building Governance group which oversees the design, planning and administration relating the Church Building Development Project (Building Anew) also falls under this category.
Communications: involving design and maintenance of the church website, publication and distribution of the Newsletter and production of posters and literature for the different services and events in the church year.
Worship and Nurture: including the form and content of various church services, church music, arrangements for the Sunday School, Lent and Advent discussion groups and rotas.
Pastoral Care: maintenance of the parish visiting team for baptismal preparation and follow-up; visiting those who are unwell or in need of support as directed by the Vicar.
Links: maintaining the church’s charity links and contact with the youth organisations and other groups who use the parish hall.
The PCC also supports the work carried out by the Diversity & Inclusion group which aims to help our local church and community respond actively to the issues of diversity, inclusion and equality and the Sustainability group which focuses on the church’s response to sustainable and ecological issues.
Parish Hall Management Committee:
This committee attends to matters relating to the upkeep and running of the Parish Hall. The current chairman is Mrs Jo O’ Hagan.
Objectives and activities
St Mary with St Alban PCC has the responsibility of co-operating with the incumbent, the Revd Joe Moffatt, in promoting in the ecclesiastical parish the whole mission of the church, pastoral,
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PCC of St Mary with St Alban, Teddington Annual report
evangelistic, social and ecumenical. It also has maintenance responsibilities for the Parish Hall, Langham Road, Teddington.
Safeguarding and Clergy Discipline
The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016, in relation to having due regard to House of Bishops’ guidance on safeguarding children and vulnerable adults.
Approved by the PCC on 17 March 2022
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PCC ofSt Mary with St Alban, Teddington Annual Report
Financial Review
This year saw a gradual process of recovery from the pandemic as activity in the Church and the Hall restarted. Hall rental income recovered to £45,079 (2020: £29,238) and service collections restarted — bolstered by the use of 3 contactless devices. There was also a small rental income from the Church of £1,625 (2020: £0) — giving total rental income of £46,704 (2020: £29,238).
Income in 2021 was higher than in 2020 at £297,860 — this was due to an increase in planned giving income to £108,557; charitable collections for Alma and Glassdoor; and grants received for Activate and the Community Café and the increase in hall income mentioned above We also received £11,557 from the Job Retention Scheme and a legacy for £1,000.
Costs were down to £312,686 — this was mainly due to the hiatus on the extension project as we waited for feedback from the planners on the proposed scheme. This reduced project expenditure from £39,803 to £5,552. We are beginning to see the impact of the increase in energy costs (there is no energy price cap for non-domestic users) and the cost of gas for the Church has risen by 55% and for 2022 will be around £4,000.
The deficit for 2021 was £14,826 but a gain on investments of £15,983 enabled us to report a surplus of £1,157.
During 2021 we invested £66,323 in the CCLA CBF Church of England Fund this was funded from the sale of our holdings in the Sarasin Alpha Investment Fund (July 2021) and Schroders Cazenove Charity Multi-Asset Fund (December 2019). This brings our total investments to £145,267 and we have £299,984 in cash. We are holding these large balances to help fund the extension project.
Stewardship and planned giving remain our largest source of income generating £99,804 in 2020 and £108,557 in 2021. This is also supplemented by the Government Gift Aid scheme that refunds income tax paid on qualifying donations and therefore added a further £27,029 in 2021.
The table below shows the number of planned givers in December 2021. We had 74 monthly givers via the Parish Giving Scheme (PGS); 67 monthly via standing order to our Barclays account and 18 monthly Givers via CAF Donate.
| Dec-21 | PGS | PGS | Barclays | Barclays | CAF | CAF | Total | Total | |||
|---|---|---|---|---|---|---|---|---|---|---|---|
| No. | Value | No. | Value | No. | Value | No. | Value | ||||
| Monthly | 74 | £ | 4,457 | 67 £ | 2,703 | 18 | £ | 714 | 159 | £ | 7,874 |
| Quarterly | 8 | £ | 1,094 | 5 £ | 1,148 | 13 | £ | 2,242 | |||
| Annual | 2£ | 311 | 1 £ | 100 | 3 | £ | 411 | ||||
| Total | 84 | 73 | 18 | 175 |
Note: the values refer to values per period —for example there are 13 people who give quarterly and they give in total £2,242 each quarter.
In December 2021 we had in total 175 planned givers — this compares to 178 in 2020.
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Dec-20 PGS Barclays CAF Total
No. Value No. Value No. Value No. Value
Monthly 79 £ 4563 68 £ 2,705 19 £ 687 166 £ 7,955
Quarterly 8 £ 1,071 2: £25 10 £ 1,796
Annual 2 £ 305 2€£ 305
Total 89 70 19 178
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PCC ofSt Mary with St Alban, Teddington Annual report
Results for the year
Total Results for the Year
The commentary below is based on a presentation which differs to the legal basis, instead analysing the net income between the church, the hall and administration:
Incoming resources
| 2021 | 2020 | |
|---|---|---|
| £ | 3 | |
| Church | 232,974 | 242,436 |
| Hall | 45,079 | 29,238 |
| Parish Office— Administration | 19,807 | 11,994 |
| Total | 297,860 | 283,668 |
Outgoing Resources
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Church | 225,051 | 255,831 |
| Hall | 43,971 | 43,575 |
| Parish Office — Administration | 43,664 | 40,303 |
| Total | 312,686 | 339,709 |
Net Income
| 2021 | 2020 | |
|---|---|---|
| £ | £ | |
| Church | 7,923 | (13,395) |
| Hall | 1,108 | (14,337) |
| Parish Office — Administration | (23,857) | (28,309) |
| Total (deficit)/surplus foryear | (14,826) | (56,040) |
| Gain (loss) on investments | 15,983 | 5,610 |
| Increase(decrease)infunds | 1,157 | (50,430) |
Church
Income attributable to Church activities was £232,974 (2020: £242,436) down £9,462. This decrease was due to the absence of two one-off events that occurred in 2020. These were the Lent Appeal and a concert which in total raised £31,996.
Planned Giving was up £8,753 at £108,557 (2020: £99,804); collections from regular services totalled £13,614 (2020: £9,173). This included £7,892 (2020: £2,939) from the card readers and £2,279 (2020: £3,188) from yellow envelopes.
This and other income qualified for recoverable income tax of £27,029 (2020: £33,788). The 2020 amount was higher as income tax was recovered on monies raised for the Lent Appeal and other charity appeals. This meant that Stewardship and the associated recoverable income tax again more than covered our contribution to the Common Fund of £105,000 (2020: £105,000).
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PCC ofSt Mary with St Alban, Teddington Annual Report
In 2021 we received a legacy of £1,000 (2020: £0) and Grants of £19,050 (2020: £16,926) these were principally for the work of the Activate — the sports ministry. Bazaar income was down at £5,341 (2020: £5,784). The total costs of running the Church decreased by £30,780 to £225,051 (2020: £255,831). This is mainly due to the reduced expenditure on the Church Development project of £5,552 (2020: £39,803).
Higher costs were seen in music provision £13,525 (2020: £8,814) as the Church re-opened. In 2021 we installed equipment for Livestreaming and this increased Church maintenance costs to £11,028 (2020: £2,447)
In 2021 we showeda deficit on net income of £14,826 this compares to a deficit of £56,040 in 2020. A gain on revaluation of investments of £15,983 (2020: £5,610) was recognised giving a surplus of £1,157 (2020: deficit of £50,430)
Hall
Hall Rental income recovered to £45,079 (2020: £29,238). Expenditure on the Hall (excluding depreciation and maintenance costs) was £25,534 (2020: £31,650). The depreciation charge was £10,635 (2020: £10,634). Hall maintenance costs were £7,802 (2020: £6,291).
Parish Office
The cost of running the parish office increased to £43,664 (2020 £40,303). Income attributable to the Parish Office was £19,807 (2020 £11,994). This was made up of income from St Peter St Paul of £8,249 (2020: £3,769) to cover administration staff costs and £11,557 (2020 £8,225) from the Job Retention Scheme to cover salary costs of furloughed staff.
Restricted and unrestricted funds
To comply with relevant regulations, we are required to segregate our funds in the accounts between those which are ‘unrestricted’ and those which are ‘restricted’ (i.e. those given for a particular purpose).
For 2021 restricted funds fell to £279,421 (2020: £286,752) — these are principally the depreciated capital cost of the Hall. Unrestricted funds rose to £441,939 (2020: £433,452). The total value of funds in the Church rose slightly to £721,360 (2020 £720,203).
As explained in Note 1b, the PCC has considered the level of reserves which should be maintained to ensure that the PCC is able to meet both day to day costs in the event of year to year fluctuations in income, as well as being in a position to fund major structural work on our church and church hail.
To achieve this security the target is to maintain a general reserve of £50,000 and maintain a separate fund to cover major structural work and the proposed significant development of the Church. This year the general reserve is £88,171 (2020: £55,302). The balance on the Buildings Maintenance and Repairs Fund at the end of 2021 was £353,768 (2020: £378, 150).
Balance Sheet
The Church is holding substantial cash and investments in order to fund the Church development project. At the end of 2021 cash and short term deposits stood at £299,984 (2020: £337,530). The value of investments at the end of 2021 was £145,267 (2020: £98,041).
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PCC ofSt Mary with St Alban, Teddington Annual report
During 2021 we invested £66,323 in the CCLA CBF Church of England Fund this was funded from the sale of our holdings in the Sarasin Alpha Investment Fund (July 2021) and Schroders Cazenove Charity Multi-Asset Fund (December 2019).
Investments are now held in the following Funds:
Newton Global Growth and Income Fund, Blackrock Catholic Charities Growth & Income Fund and the CCLA CBF Church of England Fund.
Debtors (receivables) were £15,462 (2020: £15,992). Debtors are made up of Gift Aid tax due from HMRC (£12,686), Hall and fee income not yet received (£1,100) and prepayments (£1,676). Total current assets fell to £315,446 (2020: £353,452),
F J Squire
Hon. Treasurer
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PCC of St Mary with St Alban, Teddington Annual Report
Independent examiner’s report
to the PCC ofSt Mary with St Alban, Teddington
I report on the financial statements of the charity for the year ended 31 December 2021, which are set out on pages 10 to 17.
Respective responsibilities oftrustee and examiner
The charity’s trustees are responsible for the preparation of the financial statements. The charity’s trustees consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed.
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It is my responsibility to:
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e examine the financial statements under section 145 of the 2011 Act;
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e follow the procedures laid down in the general directions given by the Charity Commission under section 145(5)(b) of the 2011 Act; and
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e state whether particular matters have come to my attention.
This report, including my statement, has been prepared for and only for the charity’s trustees as a body. My work has been undertaken so that I might state to the charity’s trustees those matters I am required to state to them in an independent examiner’s report and for no other purpose. To the fullest extent permitted by law, I do not accept or assume responsibility to anyone other than the charity and the charity’s trustees as a body for my examination work, for this report, or for the statements I have made.
Basis of independent examiner’s report
My examination was carried out in accordance with the general directions given by the Charity Commission. An examination includes a review of the accounting records kept by the charity and a comparison of the financial statements presented with those records. It also includes consideration of any unusual items or disclosures in the financial statements and seeking explanations from you as trustee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in an audit, and consequently no opinion is given as to whether the financial statements present a ‘true and fair view’ and the report is limited to those matters set out in the statement below.
Independent examiner’s statement
In connection with my examination, no matter has come to my attention:
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e which gives me reasonable cause to believe that in any material respect the requirements:
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e to keep accounting records in accordance with section 130 of the 2011 Act; and e to prepare financial statements which accord with the accounting records and comply with the accounting requirements of the 2011 Act
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have not been met; or
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e to which, in my opinion, attention should be drawn in order to enable a proper understanding of the financial statements to be reached.
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PCC ofSt Mary with St Alban, Teddington Annual report
Statement of financial activities for the year ended 31 December
| Note | Unrestricted | Restricted | TOTALFUNDS | FUNDS | |
|---|---|---|---|---|---|
| Funds | Funds | 2021 | 2020 | ||
| £ | £ | £ | £ | ||
| INCOMEANDENDOWMENTS FROM | |||||
| Dontions, collections and legacies | 2(a) | 174,730 | 41,307 | 216,037 | 222,375 |
| Charitable activities | |||||
| Church activities | 2(b) | 55,177 | - | 55,277 | 39,394 |
| Other trading activities | 2(c) | 6,679 | . | 6,679 | 8,793 |
| Investments | 2(d) | 161 | - | 161 | 4,112 |
| Other | 2(e) | 19,806 | . | 19,806 | 11,994 |
| TOTALINCOME | 256,553 | 41,307 | 297,860 | 283,668 | |
| EXPENDITURE ON | |||||
| Raising funds | 3(a) | - | - | - | 130 |
| Charitable activities | - | - | |||
| Church activities | 3(b) | 259,602 | 48,638 | 308,240 | 335,411 |
| Costs ofgenerating income | z | = | |||
| Fundraising trading costs | 3(c) | 3,878 | - | 3,878 | 3,289 |
| Other | 3(d) | 568 | - | 568 | 878 |
| 264,048 | 48,638 | 312,686 | 339,708 | ||
| NETINCOME/(EXPENDITURE) | (7,495) | (7,331) | (14,826) | (56,040) | |
| OTHERRECOGNISEDGAINSAND LOSSES | |||||
| Gainon revaluation ofinvestments | 5 | 15,983 | 0 | 15,983 | 5,610 |
| NETINCREASE (DECREASE) IN FUNDS | 8,488 | (7,331) | 1,157 | (50,430) | |
| BALANCES BROUGHTFORWARD AT | |||||
| at 1January2021 | 433,451 | 286,752 | 720,203 | 770,633 | |
| BALANCES CARRIED FORWARDAT | |||||
| at31December2021 | 441,939 | 279,421 | 721,360 | 720,203 | |
| Movements on unrestrictedfundscomprise | General | Repairs | Total | ||
| BALANCES BROUGHTFORWARDAT | £ | £ | £ | ||
| at 1January2021 | 55,301 | 378,150 | 433,451 | ||
| Net incoming (outgoing) resources | |||||
| Transfers out | 32,870 | (24,382) | 8,488 | ||
| Transfers in | (30,000) | 30,000 | - | ||
| BALANCES CARRIED FORWARD AT | |||||
| at31December2021 | 58,171 | 383,768 | 441,939 |
The notes on pages 12 to 17 form part of these accounts
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PCC ofSt Mary with St Alban, Teddington Annual Report
Balance sheet
at 31 December
| Note | 2021 | 2020 | |
|---|---|---|---|
| FIXEDASSETS | £ | £ | |
| Tangible fixed assets | 4 | 268,335 | 278,936 |
| Investments | 5 | 145,267 | 98,041 |
| CURRENTASSETS | |||
| Debtors (including prepayments and accrued income) | 6 | 15,462 | 15,922 |
| Cash and shortterm deposits | 299,984 | 337,530 | |
| 315,446 | 353,452 | ||
| LIABILITIES | |||
| AMOUNTS FALLING DUEWITHINONEYEAR | 7 | 7,688 | 10,226 |
| NETCURRENTASSETS | 307,758 | 343,226 | |
| TOTALASSETS LESSCURRENT LIABILITIES | 721,360 | 720,203 | |
| Liabilities: | |||
| amounts falling due aftermore than one year | - | - | |
| NETASSETS | 721,360 | 720,203 | |
| Represented by | |||
| Unrestrictedfunds | 441,939 | 433,451 | |
| Netbook value ofchurch hall improvements | 4 | 267,648 | 278,282 |
| Other | 11,773 | 8,470 | |
| Restricted funds | 279,421 | 286,752 | |
| Totalfunds | 721,360 | 720,203 |
The notes on pages 12 to 17 form part of these financial statements. Approved by the Parochial Church Counci Meeting on 17" March 2022 and signed on its behalf
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F J Squire
Hon treasurer
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1]
PCC ofSt Mary with St Alban, Teddington
Annual report
Notes and accounting policies
] Accounting policies
la Basis ofpreparation
The financial statements have been prepared under the Charities Act 2011 and comply with FRS 102 SORP 2015 (The SORP).
The financial statements have been prepared under the historical cost convention.
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.
1b Funds and reserves
Unrestricted funds represent the funds of the PCC that are not subject to any restrictions regarding their use and are available for application to the general purposes of the PCC. Funds designated for a particular purpose by the PCC are also unrestricted. The only such designated fund at present is the Buildings Maintenance and Repairs Fund. This fund has represented amounts appropriated from the General fund to cover the expense of significant repairs and maintenance to the Church. In the light of the plan to raise funds to significantly develop the church the PCC has decided to extend the use of this fund to cover the costs of the proposed Church development.
Restricted funds are those which must be applied for a particular purpose and any balance remaining unspent at the end of the year is carried forward as a balance within that fund.
The policy of the PCC is that normal expenditure each year (church, hall and office costs plus the Common Fund contribution) should be covered from normal income (stewardship and tax, collections, donations, rental and traditional fund raising). As income varies through the year and there are often maintenance and small development projects that need to be completed a general reserve is maintained at approximately £50,000 to meet any shortfall. Fund raising for the Church development project together with any annual surplus and non-specific legacies is transferred to the Buildings Maintenance and Repairs Fund. As noted above this fund will be used to cover the costs of the Church development project and any other large maintenance projects that may be identified in the Diocesan architects’ quinquennial review and or approved by the PCC. In accordance with FRS102 SORP this policy is reviewed annually by the PCC.
Fund transfers are made as required between restricted and unrestricted funds in order to facilitate activities related to the particular funds.
Typically the PCC retains £30,000-£75,000 of its funds in cash accounts to meet immediate needs and the balance on cash deposits or in approved investments for Charities. These investments are managed by an investment sub-committee which reports to the PCC bi-annually.
Ic Incoming resources
Collections and planned giving are recognised when received. Income tax recoverable on covenants or gift aid donations is recognised when the income is recognised. Sundry income from sales and fund raising activities is accounted for gross, before deduction of ancillary expenses which are accounted for under ‘Expenditure’. Rental income is recognised in the period to which it relates. Grants and legacies are recognised when the PCC is legally entitled to the amount due, receipt is probable and the amount can be measured reliably.
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PCC ofSt Mary with St Alban, Teddington
Annual Report
Id Expenditure
Resources used are accounted for on an accruals basis. The diocesan common fund is accounted for when payable and has been paid in full in both 2020 and 2021.
Grants and donations are accounted for when paid over, or when awarded where the award creates a binding obligation on the PCC.
le Tangible fixed assets
Consecrated and beneficed property is excluded from the accounts by section 10 (2) of the Charities Act 2011.
Moveable church furnishing held by the Vicar and the Churchwardens on special trust for the PCC and which require a faculty for disposal, are accounted as inalienable property unless consecrated. They are listed in the church’s inventory which can be inspected.
All expenditure incurred during the year on consecrated and benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the Statement of Financial Activities and separately disclosed.
if Depreciation
Significant capital expenditure on the church hall and other fixtures and fittings is capitalised and depreciated over 50 years and 5 years respectively. Computer and photocopier equipment is depreciated over 3 years and the hand bells (acquired in 2006) were depreciated over 15 years and this period has now ended. Expenditure which is maintenance in nature is written off as expenditure in the Statement of Financial Activities.
lg Investments
Investment assets are shown at market value as a separate category of fixed asset, as the intention is to retain them long term. The changes in market value in the year are reported as gains or losses on investment assets in the Statement of Financial Activities.
Th Current assets
Amounts owing to the PCC in respect of fees, rents or other income are shown as debtors.
Short term deposits include cash held on deposit either with the CBF Church of England Funds, CAF Bank or at Barclays Bank.
li Going concern
In compliance with FRS102 SORP 2015 the PCC considers that: having regard to the reserves and the commitments of the Church that there are no material factors affecting the ability of the Church to remain a going concern for the foreseeable future.
lj Trustee employment status
The PCC is a registered Charity and the members of the PCC are Trustees of the Charity. As such under FRS102 SORP 2015 we are required to declare if any Trustees are employees of the PCC and have received any remuneration from the PCC. In 2021 no Trustee was an employee of the PCC and no Trustees received remuneration from the PCC. Trustee and related party donations are shown net of Gift Aid.
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PCC ofSt Mary with St Alban, Teddington
Annual report
NOTES TO THE ACCOUNTS for the year ended 31 December 2021
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||||||||
|---|---|---|---|---|---|---|
|Unrestricted|Restricted|TOTAL FUNDS|
|Funds|Funds|2021|2020|
|2|INCOMING|RESOURCES|£|£|£|£|
|2(a)|Donations,|collections and|legacies|
|Planned giving|108,557|108,557|99,804|
|Income tax recoverable on gift aid|26,509|520|27,029|33,788|
|Collections|(plate)|28,754|20,212|48,966|35,186|
|Donations|9,910|1,525|11,435|36,671|
|Legacies|1,000|-|1,000|-|
|Grants|-|19,050|19,050|16,926|
|ie|
|EN174,730|41,307|216,037AOUST|SLL222,375ee SIO|
|2(b)|Charitable|activities|
|Rental income|46,704|46,704|29,238|
|Charitable|events|-|-|-|5,685|
|Courses and Youth|ministry|-|-|887|
|Flowers|1,590|1,590|370|
|Fees|6,883|6,883|3,214|
|re|i|re|
|i§5;177|-|55,177I|39,394|
|2(c)|Other trading|activities|
|Fundraising|events|-|bazaar|5,341|5,341|5,784|
|Fundraising events|- Teddington|Bells|195|195|2,283|
|Fundraising|events|- other|354|354|161|
|Parish|social events|789|789|565|
|ee|
|IS6,679|-|6,679|8,7939S|
|2(d)|Investments|
|Bank interest|iOeet161|ac|161|4,112|
|2(e)|Other|income|
|Administration|charge to St Peter & St|Paul|8,249|8,249|3,769|
|Coronavirus Job Retention Scheme|11,557|11,557|8,225|
|a|
|——eOU19,806|-|19,806|11,994G|
|Total income|256,553|41,307|297,860|283,668|
|Total|income|relates|to|
|Church|191,667|41,307|232,974|242,436|
|Hall|45,079|-|45,079|29,238|
|Parish|office|oesOB19,807|-|19,807|11,994|
|ee256,553|41,307EAL,297,860OO|283,668£65,000|
|Trustee and related party donations amounted to|23,833|28,067|
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PCC ofSt Mary with St Alban, Teddington Annual Report
3 EXPENDITURE
| 3 | EXPENDITURE | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | TOTALFUNDS | FUNDS | |||
| Funds | Funds | 2021 | 2020 | |||
| £ | £ | £ | £ | |||
| 3(a) | Raisingfunds | |||||
| Stewardship | - | - | 130 | |||
| - | - | - | 130 | |||
| 3(b) | Charitable activities | |||||
| Donations - overseas | - | 2,502 | 2,502 | 26,433 | ||
| Donations - UK |
2,521 | 8,310 | 10,831 | 6,201 | ||
| Diocesanquota | 105,000 | - | 105,000 | 105,000 | ||
| Activate andCommunity Café expenses | - | 24,046 | 24,046 | 14,111 | ||
| Clergy expenses | 711 | 711 | 1,178 | |||
| Charitable events | . | 463 | 463 | 3,222 | ||
| Costs ofcurate | 30,650 | 30,650 | 30,650 | |||
| Church ministry other | 629 | 957 | 1,586 | 2,691 | ||
| Church property | 7,564 | 7,564 | 6,243 | |||
| Vicarage property | 570 | 570 | 397 | |||
| Hall property | 25,534 | 10,635 | e | 36,169 | 37,283 | |
| Music | 13,525 | 13,525 | 8,814 | |||
| Church newsletter | 3,314 | 3,314 | 2,652 | |||
| Flowers | 913 | 913 | 280 | |||
| Website and other ITcosts | 1,271 | 1,545 | 2,816 | 2,502 | ||
| Sunday school & Youth Ministry | - | 180 | 180 | - | ||
| Parish officecosts | 42,394 | 42,394 | 37,801 | |||
| Church sanctuary | 624 | 624 | 1,412 | |||
| Repairs to church | 11,028 | 11,028 | 2,447 | |||
| Expenses re Church development | 5,552 | 5,552 | 39,803 | |||
| Repairs to hall | 7,802 | 7,802 | 6,291 | |||
| 259,602 | 48,638 | 308,240 | 335,411 | |||
| 3(c) | Fund raisingtrading costs | |||||
| Bazaar expeneses | 392 | 392 | - | |||
| Other fundraising expenses | 528 | 528 | ||||
| Teddington Bells | 286 | 286 | 2,595 | |||
| Parish social events | 2,672 | 2,672 | 694 | |||
| 3,878 | . | 3,878 | 3,289 | |||
| 3(d) | Other | |||||
| Bankcharges | 568 | - | 568 | 878 | ||
| TOTALEXPENDITURE | EXPENDITURE | 264,048 | 48,638 | 312,686 | 339,708 | |
| Totalexpenditure can beanalysed as | ||||||
| Personnel costs | 55,713 | - | 55,713 | 45,952 | ||
| Depreciation | 1,035 | 10,106 | 11,141 | 11,655 | ||
| Other | 207,300 | 38,532 | 245,832 | 282,102 | ||
| 264,048 | 48,638 | 312,686 | 339,709 | |||
| Totalexpenditure relates to | ||||||
| Church Hall |
187,048 33,336 |
38,003 10,635" |
225,051 43,971 |
255,831 43,575 |
||
| Parish office | 43,664 | - | 43,664 | 40,303 | ||
| 264,048 | 48,638 | 312,686 | 339,709 |
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TOTAL EXPENDITURE
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}
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15
PCC ofSt Mary with St Alban, Teddington Annual report
4 TANGIBLE FIXED ASSETS
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|||||||||
|---|---|---|---|---|---|---|---|
|Church|hall|Bells|Office|
|& improvements|equipment|Total|
|£|£|£|
|Cost|
|Balance|at|1st January 2021|513,365|7,702|4,575|525,642|
|Additions/(Disposals)|-|-|540|540|
|Balance at 31st December 2021|pe513,365.Sea|al~—«7,702~S~S=«Sa415|+5ck26,182he al|
|Depreciation|
|Balance|at|1st January|2021|235,083|7,702|3,921|246,706|
|Charge|for the year|10,634|-|507|11,141|
|Balance at 31st December 2021|erent245,717LS——=«7;,702,~=S=S=S=«A2B~~=«S7,BAT 1|a|Te|
|Balance at 31st December 2021|267648DsCO”~|S|«‘“i«‘«‘B«C«iLIBBS|
|Balance at 31st December|2020|ee278,282|-haan654ee|as ee278,936|
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5 INVESTMENTS
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||||||||||
|---|---|---|---|---|---|---|---|---|
|Blackrock|Sarasin|Newton|CCLACBF|Total|
|£|£|£|£|£|
|Valuation|
|Market|value|at|1st January 2021|32,512|32,742|32,787|-|98,041|
|Additions|-|-|-|66,323|66,323|
|Disposals|-|(33,915)|-|-|(33,915)|
|Realised|revaluation on|disposal|-|1,173|-|-|1,173|
|Unrealised|revaluation|at year end|4,138|-|6,098|3,409|13,645|
|Market value at 31st December 2021|iar36,650|-|38,884|69,733Ee|et|145,267|
|Historical|cost|
|Balance|at|1st January|22,326|15,912|18,797|-|57,035|
|Additions|-|-|-|66,323|66,323|
|Disposals|ad|(15,912)|:|(15,912)|
|Balance at 31st December 2021|ee{LE22,326|.|18,797|a66,323Ls|i107,446i|
|6|DEBTORS|
|2021|2020|
|£|£|
|Tax|recoverable|12,686|9,500|
|Prepayments|&|other|debtors|1,676|5,789|
|Hall and fee income|receivable|1,100|633|
|15,462|15,922|
|7|CREDITORS|: amounts falling due within one year|
|2021|2020|
|£|£|
|Accrued|expenses|3,438|8,169|
|Income|received|re|following year|3,956|1,149|
|Pensions|294|908|
|7,688|10,226|
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16
PCC ofSt Mary with St Alban, Teddington Annual Report
8 RESTRICTED €¥UNDS
The principal restricted funds arise under three separate charities covered by two Schemes of Arrangement sealed by the Charity Commissioners for England and Wales. Under the terms of these Schemes the PCC, as Managing Trustee, is obliged to apply the income and at its discretion the whole or part of the capital of the property of the charities in the refurbishment and maintenance of the Church hall or, subject thereto, for such other charitable purposes as the PCC sees fit. These funds have been applied in the redevelopment of the Church Hall which at 31 December 2021 had a net book value of £267,648 (2020 - £278,282) included in fixed assets above.
17