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** ## **Contents** |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:**| 1 **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| 2 **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. 3 **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. 4 ## ## ## ## ## ## ## ## ## ## ## ## ## ## ## |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. 10 **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. 11 **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. 12 ## **BRIDPORT PAROCHIAL CHURCH COUNCIL** ## **Notes to the Financial Statements for the year ended 31 December 2021** |**2 Income and endowments**
**Unrestricted**
**Funds**
**£**
**2a** Voluntary income:
Planned giving:
Gift Aid Donations
102,964
Tax recoverable except Cupboard Love
18,730
Other
4,835
Collections
4,716
Grants
7,617
Donations, appeals, income tax
32,403
Cupboard Love
-
Legacies
2,000
173,265
**2b** Activities for generating funds:
Fetes, bazaars and fund-raising
7,485
Community Magazine - The Bridge
17,149
Fund-raising books, magazines
85
and publications
Hall lettings
6,737
31,456
**2c** Income from investments:
Dividends
11,030
Bank and other interest
28
Rent from investments
7,210
18,268
**2d** Incoming resources from Church activities:
Fees for wedding and funerals
13,629
Fees account transactions
4,256
17,885
**2e** Other incoming resources:
Insurance claims
-
VAT refunds
336
Friends organisations
-
Other
1,121
1,457
**Total Income**
**242,331**|**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**| 13 **BRIDPORT PAROCHIAL CHURCH COUNCIL** ## **Notes to the Financial Statements for the year ended 31 December 2021** |**3 Expenditure**
**3a** Church actitivies:
Missionary and charitable giving:
Missionary societies
Relief and development agencies
Home mission and other Church societies
Cupboard Love
Donations to Cupboard Love
Secular charities
Total giving
Ministry: Diocesan Fairer Share
Other Ministry costs
Church running and maintenance
Major repairs
Depreciation on equipment
Training including Sunday School
Books, magazines and publications
Cost of Community Magazine "The Bridge"
Churchyard
Church hall/vestry running costs
Upkeep of other PCC property
Fees to organists
Fees to choirs, bellringers & vergers
Team administrator
Team office
Print, postage, stationery and sundries
Bank charges
Retreats, Pilgrimages, etc
**3b** Raising funds:
Stewardship costs
Costs of appeals
Cost of fetes & other fund-raising events
Cost of diaries and goods sold
**Total Expenditure**|**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**| 14 **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). 15 ## **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. 16 ## **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| 18 **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| 19 **BRIDPORT PAROCHIAL CHURCH COUNCIL** ## **Notes to the Financial Statements for the year ended 31 December 2021** |**11**
**11a**
**11b**|**Summary of Assets by Fund**
By Type
Investment fixed assets
Current assets
Liabilities falling due within one year
By Fundholder
St Swithun's, Allington
Investment fixed assets
Current assets
Liabilities falling due within one year
Holy Trinity, Bothenhampton
Current assets
Liabilities falling due within one year
Holy Trinity, Bradpole
Investment fixed assets
Current assets
Liabilities falling due within one year
St Mary's, Bridport
Investment fixed assets
Current assets
Liabilities falling due within one year
St Mary's Walditch
Investment fixed assets
Current assets
Liabilities falling due within one year
St John's, West Bay
Current assets
Liabilities falling due within one year
PCC, Fees Account and The Bridge
Current assets
Liabilities falling due within one year
Total Funds|**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| 20 ## **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| 21