2021-12-31-accounts

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Charity Commission Registration number 1133974

BRIDPORT PAROCHIAL CHURCH COUNCIL

ANNUAL REPORT AND FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2021

www.bridport-team-ministry.org

BRIDPORT PAROCHIAL CHURCH COUNCIL

Annual Report	Pages 1 - 6
Independent Examiner's Report	Page 7
Statement of Financial Activities	Page 8
Balance Sheet	Page 9
Notes to the Financial Statements	Pages 10 - 21

BRIDPORT PAROCHIAL CHURCH COUNCIL

Annual Report for the Year ended 31 December 2021

Team Rector: The Revd Deborah Smith The Rectory 84 South Street Bridport DT6 3NW	Parish Administrator: Mrs Diane Sinclair C/o The Rectory
Hon. Secretary: (From 11 May 2021) 18 Maple Gardens Bridport DT6 4DR Mrs Bridget Trump	Hon. Treasurer: (From 1 July 2021) 5 Douglas Avenue, Harold Wood Romford, Essex RM3 0UT Mrs Janet Shaw
Lloyds Bank plc TSB plc CCLA Lead Bankers: National Westminster Bank plc	Scott Vevers Ltd 65 East Street Bridport Dorset DT6 3LB Independent Examiner:

BRIDPORT PAROCHIAL CHURCH COUNCIL

Annual Report for the Year ended 31 December 2021

Reference and Administrative Details

The Bridport Team Ministry for the Benefice of Bridport was established in July 1979 following the union of four Benefices in and around the town of Bridport. The five parish churches remain as parish churches of the new Benefice. It is part of the Diocese of Salisbury within the Church of England. The correspondence address is The Rectory, 84 South Street, Bridport. DT6 3NW.

Details of the Independent Examiner and main Bankers are contained on Page 1. Additional advice is sought from the Diocese or, where appropriate, other advisors are consulted.

Bridport Parochial Church Council (PCC) is a charity registered with the Charity Commission; registration number 1133974. The PCC members are its Trustees, and so are responsible for delivering public benefit by serving the wider community. PCC members who have served from 1 January 2021 until the date this report was approved are:

Team Rector: Chairman	The Revd Deborah Smith
Team Vicar:	The Revd Peter Stone
Assistant Curate	The Revd Lorna Johnson
Assistant Curate	The Revd Helen Croud
Hospital Chaplain:	The Revd PhilipRinger	Ex-officio;Clergyrepon DeanerySynod
Chapel Warden: Chuchwardens:	Mrs RosemaryRussell Mr Chris Wellman-Herold Mrs Lesley Hill Mrs Heather Purse Mr John Adams Mrs Jo George	Until APCM 2021 - 23 May 2021 Until APCM 2021 - 23 May 2021 Until APCM 2021 - 23 May 2021
Vice chairman	Vacant
(Term of Office 5 Representatives on the Deanery Synod. 3 yrs from APCM 2020)	Mrs Jean Filby 3 Vacancies Mr Stephen Bartlett Mr Alan Paul	Until APCM 2021 - 23 May 2021 (Suspended from active membership) Deanery Synod Rep from 8 July 2021
Elected members:	Mr John Adams	From APCM 2021 - 23 May2021
	Mr Stephen Bartlett	From APCM 2021 - 23 May2021
	Mr Peter Carnell
	Ms Julie Gardner	Until APCM 2021 - 23 May2021
	Mrs Rose Harvey	From APCM 2021 - 23 May2021
	Mrs Carole Nelson	From APCM 2021 - 23 May2021
	Mrs Sue Pollock
	Mr Graham Purse	From APCM 2021 - 23 May2021
	Mrs Janet Shaw	PCC Treasurer and co-opted to PCC 6 July2021
	Mrs Mandi Sturrock
	Mr PhilipSturrock	Co-opted to PCC from 22 March 2021
	Mrs Bridget Trump	PCC Secretaryfrom 11 May2021
	Mr Mike Thomas
	Mr Tyrone Trower	From APCM 2021 - 23 May2021
	Mrs Sue Wellman-Herold
	Mrs RosemaryWindsor
	Mrs Diana Wright	From APCM 2021 - 23 May2021
	Mr Max Watters	Until APCM 2021 - 23 May2021

BRIDPORT PAROCHIAL CHURCH COUNCIL

Annual Report for the Year ended 31 December 2021

Structure, Governance and Management

The method of appointment of PCC members is set out in the Church Representation Rules 2020. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC. The Parishioners' Meeting and Annual Parochial Church Meeting were both held on 23 May 2021, in line with the requirements.

Objectives and activities

Bridport PCC has the responsibility of co-operating with the incumbent, the Revd Deborah Smith, in promoting in the ecclesiastical parish the whole mission of the Church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the curtilage and glebe land of the six sites and assets of St Mary’s Bridport, St John’s West Bay, St Swithun’s Allington, Holy Trinity Bradpole, St Mary’s Walditch and Holy Trinity Bothenhampton, together with the maintenance responsibility for the churchyard of the Old Church in Bothenhampton.

Public Benefit

The Trustees have paid due regard to guidance issued by The Charity Commission on public benefit. Further details of the activities identified in the Financial Statements are contained in the Review of the Year.

Volunteers

Volunteers have a major role in the PCC and its activities, without which it may cease to function or its ability to be effective would be seriously curtailed. We are very grateful to the many people who help and assist in so many ways across the parish. We thank those who generously donate their time, ideas, expertise or resources including towards excellent fund-raising initiatives, as well as to those who continue to oversee the governance or look after the finances.

Church attendance

At the end of 2021 there were 330 parishioners on the Church Electoral Roll; a reduction of 21 on last year. Attendance at church services has been irregular throughout this year due to the restrictions and effects of the international pandemic, but for October we averaged around 150 attendees across the churches per Sunday. On Easter Day we had 187 people attend a service. During Advent and the Christmas-type services across the parish we had 323 attendees, with 287 on Christmas Eve/Day.

In 2021 we held 6 Baptisms, 1 Thanksgiving service, 2 Weddings and 61 Funerals.

PCC Review of the year

During the year the full PCC met online via zoom on two occasions with the Standing Committee meeting once during the same period. Since June 2021 we have been able to meet in person observing the government guidelines regarding social distancing and face coverings.

2021 saw the new governance structure being implemented across the parish and each local church has a sub-committee with the four core-members being appointed by the PCC to oversee the day-to-day activities of the local church and congregation. Four areas of responsibility have been temporarily delegated by the PCC to each:

Day to day care of the church building and churchyard

Facilitation and practical preparation for services and occasional offices

Organization and management of welcome groups and pastoral care at a local level

Maintaining and developing the social aspect of the life of the church

In addition, the PCC has appointed sub-committees for the various branches of church work in the parish. These subcommittes include persons who are not members of the PCC. The churches continue to support the publication of a monthly community magazine for the parish.

BRIDPORT PAROCHIAL CHURCH COUNCIL

Annual Report for the Year ended 31 December 2021

The work of the PCC Sub-Committees:

ADMINISTRATION: A Health and Safety Policy has been drafted for use across the parish together with Risk Assessment templates to be adapted for the buildings and their various users.

COMMUNICATIONS: The Communications Working Group has focused on updating the administrator’s contract and identifying the current needs of the parish and the resources in the parish office. How we make use of the website and the team newssheet, will be ongoing issues requiring discussion and decisions.

ECO CHURCH: In February 2021 the PCC gave approval to exploring Eco Church in the parish. Since then, the group have begun the Eco Church journey making progress in its thinking and actions in the five areas: Worship and Teaching, Buildings, Land, Lifestyle, Community and Worldwide. Each local church sub-committee is reflecting on what it can achieve at its own pace. This is not a race but requires a change of attitude and approach by us all, particularly as we engage with others in our town.

FABRIC: By September 2021 a different approach to the care of our buildings had begun with a small group of people forming into a Fabric Sub-Committee to look at all the structural and ongoing maintenance requirements of our churches. Thus, working across the parish enables the sharing of expertise and responsibility.

The five-yearly Quinquennial Inspection reports produced by the Inspecting Architects form the basis of the initial work, and a spreadsheet tracking what has been undertaken is a useful tool. In addition, a flow-chart identifying the various preliminary steps of gathering information or financial input prior to gaining legal permission, has been agreed by the PCC.

FINANCE: The Finance Sub-Committee was formed from the Finance Working Group and a new chairman appointed at the PCC meeting immediately following the APCM. The new Parish Treasurer was subsequently recruited and coopted to the PCC in July. For the remainder of the year she was building relations with the members of the subcommittee, acquainting herself with the IT system used across the parish, compiling quarterly reports and assessing how the financial resources can be appropriately used for the future.

GOVERNANCE: The Governance Review Group regularized the membership of the PCC and Standing Committee in line with the Church Representation Rules 2020, and the five local church sub-committees were named, and their membership requirements and remit agreed. The four core-group members’ term of office concludes at the APCM following their election.

A PCC Handbook was written for the parish and distributed at the APCM.

MISSION & PASTORAL: The Sub-Committee has identified four areas of pastoral support requiring volunteers and energy, following the re-opening of activities after lockdown. These are: pastoral contact with congregation members, bereavement support, after-school activities and a prayer network. The need for both Listening Skills and Safeguarding training have been given high priority so a number of sessions are to be offered early in 2022.

PUBLIC WORSHIP: The changes in the pattern of worship across the parish were introduced in July and ran through to the end of the year. Further consultation is necessary as different churches have been affected disproportionately. The Team Rector and Ministry Team have been exploring how we use our ministers and buildings across the parish whilst looking to the future when the ministry team is reduced.

SAFEGUARDING: The Parish Safeguarding Officer has reported to each PCC and the Safer Recruitment process is being adopted as church activities resume. The Safeguarding Policy is reviewed annually.

SYNODS: Deanery Synod met in February and then St Mary’s Bridport hosted the September meeting at which the Diocesan Secretary spoke about the financial situation of the diocese and the review of how Fairer Share is calculated and funded. The Living Generously stewardship campaign material was demonstrated and discussed. Across the parish we made use of some resources during October as we sought to connect to the issues that affect the national church.

StatementofFinanc	ial Activ	itiesfortheYearEnded3IDe	itiesfortheYearEnded3IDe	cember2021	cember2021
		UnrestrictedRestricted		Endowment		Total
	Note	Funds	Funds		Funds	2021
lncomeandEndowments: Voluntary income	2a	f, 173,265	f, 39,902			f. 213,167
Activities forgeneratingfunds	2b	31,456				31,456
Incomefrominvestments	2c	18,268	20s			18,473
Churchactivities	2d	17,885	201			18,086
Otherincomingresources		1,457	406			1,863
Totalincome		242,331	40,714			283,045
Expenditureon:
Churchactivities	3a	232,301	17,310			309,671
Raising funds	3b	ll	338			349
Total expenditure		232,312	77,708			310,020
Net income(expenditure)before		10,019	(36,994)			(26,975)
investment gains
Netgains on investments	6b	30,515	20,209		t,639	52,363
Netincome		40,534	(16,785)		1,63925,388
Transfer between funds
Net movementinfunds TotalFundsbroughtforward TotalFundscarriedforward	10	(t1,t29) 782,311 765,182	40,818 316,227 351,105		1,63925,388 I1,5001,110,038 13,1391,135,426
	Note	Unrestricted,Restricted		Endowment		Total
		Funds	Funds		Funds	2020
lncomeandEndowments:		f.tf.				t
Voluntary income	2a	163,869	52,707			216,576
Activities forgenerating funds	2b	15,552	3,284			I8,836
Incomefrominvestments		17,850	1,413			19,263
Churchactivities	2d	11,962	335			12,297
Otherincomingresources		5,088	t02
Totalincome		214,321	57,841		-	272,162
Expenditureon:
Churchactivities	3a	204,359	15,269-			219,628
Raisrng funds	3b	76				76
Totalexpenditure		204,435	15,269			219,704
Net income(expenditure)before		9,886	42,572			52,458
investment gains
Netgains on investments	6b	38,724	6,941		121	46,396
Netincome		48,610	49,513		721	98,844
Transfer between funds Net movementinfunds		1,293 49,903	(1,293) 48,220		t2l	98,844
TotalFundsbroughtforward TotalFundscarried forward	10	732,408 782,311	268,007 316,227		10,779 11,500	l,0ll,1g4 1,110,038

	Note	2021	2020
		f.	f.
Fixedassets
Tangibleassets	6a
Ilvestments	6b		666,153
		718,516	666,153
Currentassets
Stock
Investments
Debtors and prepayments		ru32;	D,62;
Shorttermdeposits		255,904	245,t41
Cashatbankandinhand		182,501	237,422
		452,729	s02,181
Creditors: Amountsfallingduewithinoneyear		35,819	58,302
Netcurrentassets		416,910	443,985
Totalassets lesscurrent liabilities		1,135,426	1,110,03g
Netassets		1,135,426	1,110,039
Funds of thecharity:
Parish Funds	11
Unrestrictedfunds		765,182	782,311
Restricted funds		3s7,t05	316,227
Endowment		13,139	11,500
TotalFunds

BRIDPORT PAROCHIAL CHURCH COUNCIL

Notes to the Financial Statements for the year ended 31 December 2021

1 Accounting policies

Statement of compliance

The financial statements have been prepared in accordance with Accounting and Reporting by Charities: Statement of Recommended Practice applicable to charities preparing their accounts in accordance with the Financial Reporting Standard applicable in the UK and Republic of Ireland issued in October 2019, the Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland (FRS 102), the Charities Act 2011 and UK Generally Accepted Accounting Practice.

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 an informal gathering of Church members.

Basis of preparation

Bridport Parochial Church Council meets the definition of a public benefit entity under FRS 102. Assets and liabilities are initially recognised at historical cost or transaction value unless otherwise stated in the relevant accounting policy notes.

Going concern

The trustees consider that there are no material uncertainties about the charity's ability to continue as a going concern.

Income and endowments

Voluntary income including donations, gifts, legacies and grants that provide core funding or are of a general nature is recognised when the charity has entitlement to the income, it is probable that the income will be received and the amount can be measured with sufficient reliability.

All incoming resources are accounted for gross except that there may be minor amounts of income received net of expenditure.

Donations and legacies

Donations and legacies are recognised on a receivable basis when receipt is probable and the amount can be reliably measured.

Tax refunds are recognised when the incoming resource to which they relate is received.

Grants receivable

Grants are recognised when the charity has an entitlement to the funds and any conditions linked to the grants have been met. Where performance conditions are attached to the grant and are yet to be met, the income is recognised as a liability and included on the balance sheet as deferred income to be released.

Investment income

Investment income is earned through holding assets for investment purposes such as shares and property. It includes dividends, interest and rent. Where it is not practicable to identify investment management costs incurred within a scheme with reasonable accuracy the investment income is reported net of these costs. It is included when the amount can be measured reliably. Interest income is recognised using the effective interest method and dividend and rent income is recognised as the charity’s right to receive payment is established.

BRIDPORT PAROCHIAL CHURCH COUNCIL

Notes to the Financial Statements for the year ended 31 December 2021

Expenditure

All expenditure is recognised once there is a legal or constructive obligation to that expenditure, it is probable settlement is required and the amount can be measured reliably. All costs are allocated to the applicable expenditure heading that aggregate similar costs to that category. Where costs cannot be directly attributed to particular headings they have been allocated on a basis consistent with the use of resources, with central staff costs allocated on the basis of time spent, and depreciation charges allocated on the portion of the asset’s use. Other support costs are allocated based on the spread of staff costs.

Grants and donations made are accounted for when paid over, or when awarded, if that created a binding or constructive obligation on the PCC.

The diocesan parish share is accounted for when due. Any share unpaid at 31st December is provided for as an operational (though not a legal) liability and would be shown as a creditor in the Balance Sheet. There was £17,713 of diocesan share unpaid at 31st December 2021. [2020 £15,000].

Amounts received specifically for mission are dealt with as restricted funds.

Support costs

Support costs include central functions and have been allocated to activity cost categories on a basis consistent with the use of resources, for example, allocating property costs by floor areas, or per capita, staff costs by the time spent and other costs by their usage.

Governance costs

These include the costs attributable to the charity’s compliance with constitutional and statutory requirements, including audit, strategic management and trustees' meetings and reimbursed expenses.

Taxation

The charity is considered to pass the tests set out in Paragraph 1 Schedule 6 of the Finance Act 2010 and therefore it meets the definition of a charitable company for UK corporation tax purposes. Accordingly, the charity is potentially exempt from taxation in respect of income or capital gains received within categories covered by Chapter 3 Part 11 of the Corporation Tax Act 2010 or Section 256 of the Taxation of Chargeable Gains Act 1992, to the extent that such income or gains are applied exclusively to charitable purposes.

Tangible fixed assets

Individual fixed assets costing £2,500 or more are initially recorded at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Gifts-in-kind are valued at a reasonable estimate of their open market value on receipt.

Depreciation and amortisation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class

Depreciation method and rate

Computers and printers 3 years straight line

An impairment review is carried out at each year end and any resultant loss identified included in expenditure for that year.

BRIDPORT PAROCHIAL CHURCH COUNCIL

Notes to the Financial Statements for the year ended 31 December 2021

Consecrated and benefice property

In so far as Consecrated and Benefice property of any kind is excluded from the statutory definition of 'charity' by Section 10 (2)(a) and (c) of the Charities Act 2011 such assets are not capitalised in the financial statements.

Movable church furnishings

These are not capitalised. They are included in the Church's inventory. Insufficient cost information is available.

All expenditure incurred during the year on Consecrated or Benefice buildings and movable church furnishings, whether maintenance or improvement, is written off as expenditure in the SOFA and separately disclosed.

Investments

Investment properties are externally revalued every 5 years. All interim revaluations are carried out by the Trustees at the reporting date.

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value with changes recognised in ‘net gains / (losses) on investments’ in the SOFA if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Current asset investments are short term highly liquid investments and are held at fair value. These include cash on deposit and cash equivalents with a maturity of less than one year.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Fund structure

Unrestricted funds

Unrestricted income funds are general funds that are available for use at the trustees' discretion in furtherance of the objectives of the charity.

These represent the remaining income funds of the PCC and its churches that are available for spending on the general purposes of the PCC and its churches.

Restricted funds

Restricted income funds are those donated for use in a particular area or for specific purposes, the use of which is restricted to that area or purpose.

Restricted funds are detailed in the notes to the accounts.

Endowment Funds

These are restricted funds that must be retained as trust capital either permanently or subject to a discretionary power to spend capital as income and where use of any income or other benefit derived from the capital may be restricted or unrestricted. Full details of these restrictions are shown in the notes to the accounts.

BRIDPORT PAROCHIAL CHURCH COUNCIL

Notes to the Financial Statements for the year ended 31 December 2021

Unrestricted Funds £ 102,964 18,730 4,835 4,716 7,617 32,403 - 2,000	Restricted Funds £ 100 161 - - 1,470 2,490 35,681 -	Endowment Funds £ - - - - - - - -	Total 2021 £ 103,064 18,891 4,835 4,716 9,087 34,893 35,681 2,000	Total 2020 £ 97,935 18,757 23,065 3,819 5,832 13,601 43,595 9,972
173,265	39,902	-	213,167	216,576
7,485 17,149 85 6,737	- - - -	- - - -	7,485 17,149 85 6,737	4,549 10,864 86 3,337
31,456	-	-	31,456	18,836
11,030 28 7,210	197 8 -	- - -	11,227 36 7,210	10,869 1,184 7,210
18,268	205	-	18,473	19,263
	201 -	- -	13,830 4,256	12,297 -
17,885	201	-	18,086	12,297
- 336 - 1,121	- 406 - -	- - - -	- 742 - 1,121	- 5,190 - -
1,457	406	-	1,863	5,190

242,331	40,714	-	283,045	272,162

BRIDPORT PAROCHIAL CHURCH COUNCIL

Notes to the Financial Statements for the year ended 31 December 2021

Unrestricted Funds £ - - 318 - - 247	Restricted Funds £ - - 3,292 12,531 58,000 327	Endowment Funds £ - - - - - -	Total 2021 £ - - 3,610 12,531 58,000 574	Total 2020 £ 279 - 3,527 10,698 - 1,390
565 106,605 (615) 53,529 27,836 - 600 - 14,486 7,556 1,716 3,152 7,473 4,412 8,529 220 (3,923) 160 -	74,150 - - - 2,438 - - - - - - - 737 - - - - 45 -	- - - - - - - - - - - - - - - - - - -	74,715 106,605 (615) 53,529 30,274 - 600 - 14,486 7,556 1,716 3,152 8,210 4,412 8,529 220 (3,923) 205 -	15,894 108,527 - 48,295 408 - 600 165 10,457 7,020 1,478 16 6,592 2,959 8,443 2,283 6,139 352 -
231,736	3,220	-	234,956	203,734
232,301	77,370	-	309,671	219,628
11 - - -	- - 338 -	- - - -	11 - 338 -	- - 76 -
11	338	-	349	76

232,312	77,708	-	310,020	219,704

BRIDPORT PAROCHIAL CHURCH COUNCIL

Notes to the Financial Statements for the year ended 31 December 2021

4 Analysis of Expenditure including Allocation of Support Costs

4 Analysis of Expenditure including Allocation of Support Costs	sts
Direct Costs £ Church running and maintenance 53,529 Accountancy Fee Independent Examination 4a Charitable Payments Charitable items to families and individuals 5 Staff Costs Wages and salaries Social secruity costs Average number of employees -full-time equivalents Additionally our Cupboard Love Food Bank distributes substantial donated	Direct Costs £ 53,529	Support Costs £ -	Total 2021 £ 53,529	Total 2020 48,295
		produce.	2021 £ 933 2,277	2020 £ 690 2,190
			2021 £ 3,873	2020 £ 5,370
			2021 £ 15,400 -	2020 £ 15,938 -
			15,400	15,938
			1	2

There were no employee benefits to key management personnel in the current or previous year.

Trustees remuneration and expenses

No remuneration was paid out of the funds of the charity in the year to any trustee for their services as a trustee.

Trustees expenses are detailed in Note 5a.

5a Related Parties

Payments to PCC members or their related	2021	2020
persons for fees and services were:-	£	£
Team - Revd P Stone (re family member organist)	189	2,850

4 clergy were paid in aggregate £729 in respect of travel during the year. (2020: 5 trustees £1,140) 1 trustee was paid in aggregate £187 in respect of printing and stationery (2020: 0 trustees £0)

Clergy and other PCC Members have been reimbursed for expenses properly incurred in the performance of their duties. Reimbursement towards the cost of educational material, clerical apparel and travel has been made to persons in training for further Church Office who may be PCC members.

Expenses incurred on Retreats and Pilgrimages is normally reimbursed by participants or donations. In some cases leaders are not required to contribute, if it is agreed by the PCC.

Other than the foregoing no travel and subsistence has been paid.

Donations in the normal course of giving have been received from related parties (PCC members).

BRIDPORT PAROCHIAL CHURCH COUNCIL

Notes to the Financial Statements for the year ended 31 December 2021

6 Fixed Assets 6a Tangible Fixed Assets Cost At 1st January 2021 Additions At 31st December 2021 Depreciation At 1st January 2021 Charge for the year At 31st December 2021 Net Book Value At 31st December 2021 At 31st December 2020	Copier £ 3,420 -	Total £ 3,420 -
	3,240	3,240
	3,420 -	3,420 -
	3,420	3,420
	-	-
	-	-

The use of Walditch Church Hall was donated to the village on a 35 year lease in 1997 at an annual peppercorn rent. No value has been included.

BRIDPORT PAROCHIAL CHURCH COUNCIL

Notes to the Financial Statements for the year ended 31 December 2021

6b Investments

Investments Market value at 1st January Revaluation gains(losses) Market value at 31st December The investments are: St Swithun's, Allington Legacy Investment:CBF Investment Shares Fabric Fund - CBF Property Income Shares Nadia Muton Fund:CBF Investment Shares At 31st December 2021 Total CBF Investment Shares Cox Charity: COIF Income Shares Total Holy Trinity Bradpole Lloyds Bank Shares [Ex. HBOS Shares - bequeathed 9 Sep, '98] Total St Mary's Bridport Cox's Trust, CBF Investment Shares Total St Mary's, Walditch School House Total	Year of 2021 2020 Qty Purchase Original Original Cost Cost £ £ 1822 Various N/a N/a 1722 1997 15,000 15,000 1806 2015 20,000 20,000 5062 2017 80,618 80,618 10412 14250 2018 20,042 20,042 3356 Various N/a N/a 426 1997 3,896 3,896 370 1998 3,896 3,896 325 2000 3,896 3,896 329 2001 3,847 3,847 383 2002 3,840 3,840 423 2004 3,846 3,846 385 2006 3,846 3,846 5997 N/a N/a N/a Bequest N/a 1870 100 100 81 1998 Nil Nil 331 N/a 300 300 N/a N/a N/a 17	2021 £ 666,153 52,363	2020 £ 619,767 46,386
		718,516	666,153
		2021 Valuation £ 42,666 40,325 42,292 118,538	2020 Valuation £ 37,326 35,278 36,999 103,703
		243,821 21,071 78,599 9,977 8,665 7,612 7,705 8,970 9,907 9,017	213,306 18,440 68,761 8,728 7,581 6,659 6,741 7,847 8,667 7,890
		140,452	122,874
		405,344 5,388	354,620 4,719
		410,732	359,339
		33	33
		33	33
		7,751	6,781
		7,751	6,781
		300,000	300,000
		300,000	300,000

		718,516	666,153

BRIDPORT PAROCHIAL CHURCH COUNCIL

Notes to the Financial Statements for the year ended 31 December 2021

7 8 9	Debtors and Prepayments Gift Aid recoverable Prepayments Other debtors Liabilities Amounts falling due within one year: Accruals Creditors for goods and services Other creditors Funds: Restricted Funds: St Swithun's, Allington Nadia Muton Fund - restriction St Swithun's Repairs fund Cox's Charity fund Various minor funds Holy Trinity, Bothenhampton Flower, Choir, Sound Churchyard Servery "Ball" Church Building Fabric Fund Holy Trinity, Bradpole Various minor funds St Mary's, Bridport Stonework Fabric Altar Linen Hampers General Cupboard Love Compassion UK Discretionary R/CW Flowers St Mary's, Walditch None St John's, West Bay None PCC, Fees Account and The Bridge Total Restricted Funds	2021 £ 12,601 459 1,264	2020 £ 12,441 2,016 5,167
		14,324	19,624
		2021 £ 5,900 3,560 26,359	2020 £ 8,369 3,049 46,884
		35,819	58,302
		2021 £ 140,452 21,071 262 14,250	2020 £ 122,874 19,144 629 2
		176,035	142,649
		- - - 97,105	246 - 500 95,405
		97,105	96,151
		37,035	523
		37,035	523
		5,582 2,809 2,870 4,233 6,311 17,523 (729) 396 49	5,555 4,171 2,360 4,122 5,872 53,808 (367) 396 49
		39,044	75,966
		- - 7,886	- - 938
		7,886	938

		357,105	316,227

BRIDPORT PAROCHIAL CHURCH COUNCIL

Notes to the Financial Statements for the year ended 31 December 2021

Endowment Funds: 2021 2020 St Swithun's, Allington Cox's Charity 262 COIF Income Shares £ £ ex £100 bequest in 1870 5,388 4,719 St Mary's, Bridport Altar: Cox Legacy - 331 CBF Investment Shares 7,751 6,781 13,139 11,500 The use of this Trust is restricted to the poor of Parish of Allington - charity's objectives. The support is usually of monetary assistance at the discretion of the charity.	Endowment Funds: 2021 2020 St Swithun's, Allington Cox's Charity 262 COIF Income Shares £ £ ex £100 bequest in 1870 5,388 4,719 St Mary's, Bridport Altar: Cox Legacy - 331 CBF Investment Shares 7,751 6,781 13,139 11,500 The use of this Trust is restricted to the poor of Parish of Allington - charity's objectives. The support is usually of monetary assistance at the discretion of the charity.	Endowment Funds: 2021 2020 St Swithun's, Allington Cox's Charity 262 COIF Income Shares £ £ ex £100 bequest in 1870 5,388 4,719 St Mary's, Bridport Altar: Cox Legacy - 331 CBF Investment Shares 7,751 6,781 13,139 11,500 The use of this Trust is restricted to the poor of Parish of Allington - charity's objectives. The support is usually of monetary assistance at the discretion of the charity.
	13,139	11,500

Related Charities

These charities are both separate legal entities which support the work of the PCC in accordance with their charity's objectives. The support is usually of monetary assistance at the discretion of the charity.

Friends of St Mary's, Bridport

The charity has funds available of £11,952 as at 31st December 2021. [£11,881 31st December 2020]

Friends of Holy Trinity Church, Bradpole

The charity has funds available of £158,059 as at 3rd February 2022. [£160,232 10th February 2021]

Other Trusts

Additionally there are the following Trusts (etc) which may be under the control of the Diocese, churchwardens or incumbents rather than the PCC and have been excluded from these accounts.

10	St Swithun's, Allington McCarthy Trust Summary of Fund Movements Balance at 1 January 2021 Income and endowments Expenditure Investment gains(losses) Transfer between funds Balance at 31 December 2021	Unrestricted £ 782,311 242,331 (232,312) 30,515 (57,663)	Restricted £ 316,227 40,714 (77,708) 20,209 57,663	2021 6,945 Endowment £ 11,500 - - 1,639 -	2020 6,945 Total £ 1,110,038 283,045 (310,020) 52,363 -
		765,182	357,105	13,139	1,135,426

BRIDPORT PAROCHIAL CHURCH COUNCIL

Notes to the Financial Statements for the year ended 31 December 2021

Unrestricted £ 543,854 257,147 (35,819)	Restricted £ 161,523 195,582 -	Endowment £ 13,139 - -	Total £ 718,516 452,729 (35,819)
765,182	357,105	13,139	1,135,426
243,821 48,504 (386)	161,523 14,512 -	5,388 - -	410,732 63,016 (386)
291,939	176,035	5,388	473,362
- -	97,105 -	- -	97,105 -
-	97,105	-	97,105
33 45,880 -	- 37,035 -	- - -	33 82,915 -
45,913	37,035	-	82,948
- 30,069 (17,713)	- 39,044 -	7,751 - -	7,751 69,113 (17,713)
12,356	39,044	7,751	59,151
300,000 29,920 (1,240)	- - -	- - -	300,000 29,920 (1,240)
328,680	-	-	328,680
57,247 -	- -	- -	57,247 -
57,247	-	-	57,247
45,527 (16,480)	7,886 -	- -	53,413 (16,480)
29,047	7,886	-	36,933

765,182	357,105	13,139	1,135,426

BRIDPORT PAROCHIAL CHURCH COUNCIL

Notes to the Financial Statements for the year ended 31 December 2021

12 Potential costs

Quinquennial inspection dates are given for guidance	Quinquennial inspection dates are given for guidance		Minor	Works and Repairs	Works and Repairs
The following estimates are foreseeable		Immediate	Within	Within	Within
	Last Quinquennial		1 Year	2 Year	5 Years
	Inspection	£	£	£	£
St Swithun's, Allington	July 2020	-	15,000	15,000	15,000
Holy Trinity, Bothenhampton	March 2019	-	-	-	-
Holy Trinity, Bradpole	December 2017	-	-	-	-
St Mary's, Bridport	October 2020	1,000	3,000	4000	5,000
St Mary's, Walditch	November 2017	-	2,500	-	-
St John's, West Bay	December 2021	-	-	-	-
			Projects and	Other Works
		Immediate	Within	Within	Within
			1 Year	2 Years	5 Years
		£	£	£	£
St Swithun's, Allington
External repair and redecoration up to		-	25,000	50,000	400,000
Holy Trinity, Bothenhampton
Boundary retaining wall being	monitored. In excess of	-	5,000	10,000	35,000
Holy Trinity, Bradpole
Window repairs		28,135	-	-	-
Lighting project		7,000	20,000	-	-
St Mary's Bridport
Refurbish Organ - project postponed indefinitely		-	-	-	-
Roof repair including Parvis Chapel Roof		-	5,000	20,000	45,000
St John's, West Bay
Improved facilities under consideration		-	-	-	30,000

BRIDPORT PAROCHIAL CHURCH COUNCIL

Contents

Annual Report for the Year ended 31 December 2021

Reference and Administrative Details

Annual Report for the Year ended 31 December 2021

Structure, Governance and Management

Objectives and activities

Public Benefit

Volunteers

Church attendance

PCC Review of the year

Annual Report for the Year ended 31 December 2021

The work of the PCC Sub-Committees:

Notes to the Financial Statements for the year ended 31 December 2021

1 Accounting policies

Statement of compliance

Basis of preparation

Going concern

Income and endowments

Donations and legacies

Grants receivable

Investment income

Notes to the Financial Statements for the year ended 31 December 2021

Expenditure

Support costs

Governance costs

Taxation

Tangible fixed assets

Depreciation and amortisation

Asset class

Depreciation method and rate

Notes to the Financial Statements for the year ended 31 December 2021

Consecrated and benefice property

Movable church furnishings

Investments

Cash and cash equivalents

Fund structure

Unrestricted funds

Restricted funds

Endowment Funds

BRIDPORT PAROCHIAL CHURCH COUNCIL

Notes to the Financial Statements for the year ended 31 December 2021

Notes to the Financial Statements for the year ended 31 December 2021

Notes to the Financial Statements for the year ended 31 December 2021

4 Analysis of Expenditure including Allocation of Support Costs

Trustees remuneration and expenses

5a Related Parties

BRIDPORT PAROCHIAL CHURCH COUNCIL

Notes to the Financial Statements for the year ended 31 December 2021

BRIDPORT PAROCHIAL CHURCH COUNCIL

Notes to the Financial Statements for the year ended 31 December 2021

6b Investments

Notes to the Financial Statements for the year ended 31 December 2021

Notes to the Financial Statements for the year ended 31 December 2021

Related Charities

Friends of St Mary's, Bridport

Friends of Holy Trinity Church, Bradpole

Other Trusts

Notes to the Financial Statements for the year ended 31 December 2021

BRIDPORT PAROCHIAL CHURCH COUNCIL

Notes to the Financial Statements for the year ended 31 December 2021

12 Potential costs