BROADWATER PAROCHtAL cilliRCH COUNCIL REPORT OF THE TRUSTEF3 AND VINA]¥CIAL STATEMENTS FOR THE YEAR EI¥DED 31 DECEMBER 2021
| During the year, the following served as members ofthe PCC:— |
During the year, the following served as members ofthe PCC:— |
During the year, the following served as members ofthe PCC:— |
|---|---|---|
| CLERGY | ||
| Team Rector | The Revd Gaz Daly | |
| Team Vicar | The Revd Gary Neal | |
| Assismnt Pastor |
Mr Andrew Pools | |
| PARISH WARDENS | Mr Tony Ford | |
| Miss Kstie Gould | ||
| DEPUTY-WARDENS | ||
| St Mary' s | Mrs Victoria Ludlow | |
| Mrs Debbie Attwood | ||
| St Stephen's | Mrs Mary Stewart | |
| Mr David House | ||
| Queen Street | Mr George Woollard | |
| Mrs Tins Scott | ||
| DEANERY SYNOD | ||
| Mrs Liz Farrow | ||
| Mr John Whitehead | ||
| Mrs Patricia Stevens | ||
| PCC REPRESENTATIVES | ||
| St Mary' s | Mrs Hannah Hollingum |
|
| Mr Hugh Acland | ||
| Mrs Trish Westram | ||
| Mrs Michelle Redman | ||
| Mr Tony Nelson | ||
| Queen Street | Mr Rod Ostler | |
| PCC TREASURER | Mr Geofliey Gair | |
| PCC SECRETARY | Mrs Natalie Pierce | |
| 2.1PCC Appointments | and | Responsibilities |
| 2021 | 2020 | |||||
|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | |||
| funds | funds | funds | funds | |||
| Notes | f | f | ||||
| INCOMING RESOURCES FROM | ||||||
| CHARITABLE ACTIVITIES FROM | ||||||
| Voluntary income |
450,$10 | 450,810 | 347,095 | |||
| Charitable activities |
||||||
| Church Activities | 5,111 | 5,111 | 7,224 | |||
| Activities for generating |
funds | 11+40 | 11,240 | 13,511 | ||
| Investment income |
30,971 | 30,971 | 33,220 | |||
| Other income | 686 | 686 | 3,622 | |||
| Total | 498,818 | 498,818 | 404,672 | |||
| EXPENDITURE ON | ||||||
| Charitable activities |
||||||
| Church Activities | 924,385 | 924,385 | 588,207 | |||
| NET INCOME/(EXPENDITURE) | (425,567) | (425,567) | (183,535) | |||
| Transfers between funds |
13 | 388,606 | (388,606) | |||
| Net movement in funds |
(36,961) | (388,606) | (425,567) | (183,535) | ||
| RECONCILIATION OF FUNDS |
||||||
| Total funds brought forward | 996,585 | 677,745 | 1,674,330 | 1,857,865 | ||
| TOTAL FUNDS CARRIED FORWARD | 959,624 | 289,139 | 1,24$,763 | 1,674,330 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| Notes | |||||
| FIXEDASSETS | |||||
| Tangible assets | 10 | 634,617 | 634,617 | 634,617 | |
| CURRENT ASSETS | |||||
| Investments | 11 | (289,139) | 289,139 | 826,831 | |
| Cash at bank | 614,148 | 614,148 | 212,884 | ||
| 325&009 | 289,139 | 614,148 | 1,039,715 | ||
| CREDITORS | |||||
| Amounts falling due within one year |
12 | (2) | |||
| NET CURRENT ASSETS | 325,007 | 289,139 | 614,146 | 1,039,713 | |
| TOTAL ASSETSLESSCURRENT | |||||
| LIABILITIES | 959,624 | 289,139 | 1,248,763 | 1,674,330 | |
| NET ASSETS | 959,624 | 289,139 | 1,248,763 | 1,674,330 |
| FUNDS | 13 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | funds: | ||||||
| Unrestricted | -General | 882,316 | 882,678 | ||||
| Designated | -Ouinquennial | and Audio/Visual | 77408 | I13,907 | |||
| 959,624 | 996,585 | ||||||
| Restricted funds: | |||||||
| Restricted - | St Mary's | Rc-ordering | 119,404 | 476,534 | |||
| Restricted - | Parish | Youth | tVork | 158,485 | l93,7ll | ||
| Restricted - | Childrens | Pastor Salary | 11/50 | 7,500 | |||
| 289,139 | 677,745 | ||||||
| TOTAL FUNDS | 1,248,763 | i,674,330 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Notes | |||||
| Cash flows from operating | activities | ||||
| Cash generated t'rom operations |
(457,224) | (225,835) | |||
| Net cash used in operating | activities | (457,224) | (225,835) | ||
| Cash flows from investing | activities | ||||
| Other income | 686 | 3,622 | |||
| Depreciation | 11,669 | ||||
| Withdrawals Rom deposit accounts |
826,831 | 238,581 | |||
| Interest received | 30,971 | 33,220 | |||
| Net cash provided by investing activities |
858,488 | 287,092 | |||
| Change in cash and cash equivalents | ln the | ||||
| reporting period |
401,264 | 61,257 | |||
| Cash and cash equivalents | at the beginning | ||||
| ofthe reporting period |
212,884 | 151,627 | |||
| Cash and cash equivalents | at the end | ofthe | |||
| reporting period |
614,148 | 212,884 |
| RECONCILIATION OFNET E ACTIVITIES |
XPENDITURE TO NET CASH FLOW | FROM OPERATING | |
|---|---|---|---|
| 2021 | 2020 | ||
| Net expenditure for tbe reporting |
period (asper the Statement of | ||
| Financial Activities) Adjustments for: |
(425,567) | (183,535) | |
| Profit on disposal offixed assets Interest received |
(686) (30,971) |
(3,622) (33,220) |
|
| Decrease in creditors | (5,458) | ||
| Net cash used in operations | (457,224) | (225,835) |
| At 1.1.21 | Cash flow | At31.12.21 | |
|---|---|---|---|
| f | |||
| Net cash | |||
| Cash at bank | 212,884 | 401,264 | 614,148 |
| 212,884 | 401,264 | 614,148 | |
| Liquid resources | |||
| Deposits included in cash | |||
| Current asset investments | 826,831 | (826,831) | |
| 826,831 | (826,831) | ||
| Total | 1,039,715 | (425,567) | 614,148 |
| 2021 | 2020 | ||||||
|---|---|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| f | |||||||
| Planned | giving | 194,719 | 194,719 | 198,078 | |||
| Collecfion | at services | 7)783 | 7,783 | 7,319 | |||
| Donations | and appeals | 75,687 | 75,687 | 51,382 | |||
| Income | tax | recoveraMe | 44,450 | 44,450 | 57,906 | ||
| Grants | 91,435 | 91,435 | 12,188 | ||||
| Legacies | 36,736 | 36,736 | 20,222 | ||||
| 450,810 | 450,810 | 347,095 | |||||
| ACTIVITIES FOR GENERATING | FUNDS | ||||||
| 2021 | 2020 | ||||||
| Unrestricted | Restricted | Total | Total | ||||
| funds | funds | funds | funds | ||||
| f | f | ||||||
| Room hire | 10,721 | 10,721 | 13,111 | ||||
| Other | 519 | 519 | 400 | ||||
| 11,240 | 11,240 | 13,511 |
| 9. | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | COMPARATIVES FOR THE STATEMENT OF FINANCIAL ACTIVITIES | ||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | |||
| funds | funds | funds | |||
| INCOMING RESOURCES FROM | |||||
| CHARITABLE ACTIVITIES FROM | |||||
| Voltmtsry income |
347,095 | 347,095 | |||
| Charitable activities |
|||||
| Chwch Activities | 7,224 | 7,224 | |||
| Activities for generating | funds | 13,511 | 13,511 | ||
| Investment income |
33,220 | 33,220 | |||
| Other income | 3,622 | 3,622 | |||
| Total | 404,672 | 404,672 | |||
| EXPENDITURE ON | |||||
| Charitable activities |
|||||
| Church Activities | 588,207 | 588,207 | |||
| NET INCOME/(EXPENDITURE) | (183,535) | (183,535) | |||
| Transfers between funds |
123,081 | (123,081) | |||
| Net movement in funds |
(60,454) | (123,081) | (183,535) | ||
| RECONCILIATION OF FUNDS |
|||||
| Total funds brought forward | 1,057,039 | 800,826 | 1,857,865 | ||
| TOTAL FUNDS CARRIED FORWARD | 996,585 | 677,745 | 1,674,330 |
| TANGIBLE FIXEDASSETS | |||||
|---|---|---|---|---|---|
| Moveable | |||||
| Freehold | Plant and | church | |||
| property | machinery | furnishings f |
Equipment 6 |
Totah 8 |
|
| Cost | |||||
| At 1 January 2021 and | |||||
| 31December 2021 | 634,617 | 1,291 | 74,426 | 29,695 | 740,029 |
| Depreciation | |||||
| At 1January 2021 and | |||||
| 31December 2021 | 1,291 | 74,426 | 29,695 | 105,412 | |
| Net book value | |||||
| At 31 December 2021 | 634,617 | 634,617 | |||
| At 31December 2020 | 634,617 | 634,617 | |||
| Freehold land and property | |||||
| Freehold land | |||||
| Rear ofQueen Street | 16,057 | ||||
| Freehold property | |||||
| Broadwater centre |
1987 | 140,682 | |||
| Clergy houses | |||||
| 67Normandy Road |
1995 | 93,804 | |||
| 37Angola Road | 1997 | 145,698 | |||
| 53 Lavington Road |
2008 | 238,376 | 477,878 | ||
| TOTAL | 634,617 |
| 11. | CURRENT ASSETINVESTMENTS | CURRENT ASSETINVESTMENTS | CURRENT ASSETINVESTMENTS | CURRENT ASSETINVESTMENTS | |||||
|---|---|---|---|---|---|---|---|---|---|
| 2021 | 2020 | ||||||||
| f | |||||||||
| Fixed Rate | Interest Deposits | 826,831 | |||||||
| 12. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE | YEAR | |||||||
| 2021 | 2020 | ||||||||
| f | f | ||||||||
| Other creditors | 2 | 2 | |||||||
| 13. | MOVEMENT IN FUNDS | ||||||||
| Net | Transfers | ||||||||
| movement | between | At | |||||||
| At 1.1.21 | in | funds | funds | 31.12.21 | |||||
| f | f | ||||||||
| Unrestricted funds |
|||||||||
| Unrestricted | -General | 882,6'l8 | (425,567) | 425,205 | 882,316 | ||||
| Designated | - Quinquennial | and | |||||||
| Audio/Visual | 113,907 | (36,599) | 77,308 | ||||||
| 996,585 | (425,567) | 388,606 | 959,624 | ||||||
| Restricted | funds | ||||||||
| Restricted - | StMary's Re-ordering | 476,534 | (357,130) | 119,404 | |||||
| Restricted - | Parish Youth Work | 193,711 | (35,226) | 158,485 | |||||
| Restricted - | Cbildrens Pastor Salary | 7,500 | 3,750 | 11,250 | |||||
| 677,745 | (388,606) | 289,139 | |||||||
| TOTALFUNDS | 1,674,330 | (425,567) | 1,248,763 | ||||||
| Net movement in funds, included |
in the above are as follows: | ||||||||
| Incoming | Resources | Movement | |||||||
| resources | expended f |
in funds f |
|||||||
| Unrestricted | funds | ||||||||
| Unrestricted | - General | 498,818 | (924385) | (425,567) | |||||
| TOTAL FUNDS | 498,818 | (924,385) | (425,567) |
| Net | Transfers | ||||||
|---|---|---|---|---|---|---|---|
| movement | between | At | |||||
| Unrestricted funds |
At 1.1.20 g |
in funds I |
funds g |
31,12.20 g |
|||
| Unrestricted -General |
922,039 | (183,535) | 144,174 | 882,678 | |||
| Designated | - Quinquennial | and | |||||
| Audio/Visual | 135,000 | (21,093) | 113,907 | ||||
| 1,057,039 | (183,535) | 123,081 | 996,585 | ||||
| Restricted | funds | ||||||
| Restricted Restricted |
—StMary's Re-ordering - Parish Youth Work |
562,482 238,344 |
(85,948) (44,633) |
476,534 193,711 |
|||
| Restricted | - Childrens | Pastor Salary | 7,500 | 7,500 | |||
| 800,826 | (123,081) | 677,745 | |||||
| TOTALFUNDS | 1,857,865 | (183,535) | 1,674,330 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources f |
expended | in funds | ||
| Unrestricted | funds | |||
| Unrestricted | -General | 404,672 | (588,207) | (183,535) |
| TOTAL FUNDS | 404,672 | (588,207) | (183,535) |
| Net | Transfers | ||||||
|---|---|---|---|---|---|---|---|
| movement | between | At | |||||
| At 1.1.20 | in funds | funds | 31.12.21 | ||||
| Unrestricted | funds | g | g | ||||
| Unrestricted | -General | 922,039 | (609,102) | 569,379 | 882,316 | ||
| Designated | —Quinquennial | and | |||||
| Audio/Visual | 135,000 | (57,692) | 77,308 | ||||
| Restricted funds | 1,057,039 | (609,102) | 511,687 | 959,624 | |||
| Restricted - | StMary's | Re-ordering | 562,482 | (443,078) | 119,404 | ||
| Restricted - Parish Youth | Work | 238,344 | (79,859) | 158,485 | |||
| Restricted - Childrens | Pastor Salary | 11,250 | 11,250 | ||||
| 800,826 | (511,687) | 289,139 | |||||
| TOTAL FUNDS | 1,857,865 | (609,102) | 1,248,763 |
| Incoming | Resources | Movement | ||
|---|---|---|---|---|
| resources | expended | in funds | ||
| Unrestricted | funds | |||
| Unrestricted | -General | 903,490 | (1,512,592) | (609,102) |
| TOTAL FUNDS | 903,490 | (1,512,592) | (609,102) |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| INCOMING RESOURCES FROM CHARITABLE ACTIVITIES | |||||
| Voluntary income |
|||||
| Planned giving |
194,719 | 194,719 | 198,078 | ||
| Collection at services | 7,783 | 7)783 | 7,319 | ||
| Donations and appeals |
75,687 | 75,687 | 51,382 | ||
| Income tax recoverable | 44,450 | 44,450 | 57,906 | ||
| Grants | 91,435 | 91,435 | 12,188 | ||
| Legacies | 36,736 | 36,736 | 20,222 | ||
| 450,810 | 450,810 | 347,095 | |||
| Activities for generating | funds | ||||
| Room hire | 10,721 | 10,721 | 13,111 | ||
| Other | 519 | 519 | 400 | ||
| 11&240 | 11,240 | 13,511 | |||
| Investment income |
|||||
| Interest received and Rental income | 30,971 | 30,971 | 33,220 | ||
| Charitable activities |
|||||
| Fees | 5,111 | 5,111 | 7,224 | ||
| Other income | |||||
| Other income | 686 | 3,622 | |||
| Total incoming resources | 498,818 | 498,818 | 404,672 | ||
| EXPENDITURE | |||||
| Charitable activities |
|||||
| Missionary and charitable |
giving | 30,339 | 30,339 | 21,824 | |
| Ministry costs | 144,412 | 144&412 | 144,430 | ||
| Church running expenses |
45,417 | 45,417 | 101,967 | ||
| 015cesalaries | 125857 | 125,257 | 106,471 | ||
| Light and heat | 14,711 | 14,711 | 18,644 | ||
| Carried forward | 360,136 | 360&136 | 393,336 |
| 2021 | 2020 | ||||
|---|---|---|---|---|---|
| Unrestricted | Restricted | Total | Total | ||
| funds | funds | funds | funds | ||
| 8 | |||||
| Charitable activities |
|||||
| Brought forward | 360,136 | 360,136 | 393,336 | ||
| Maintenance, | Security &Repair | 63,817 | 63,S17 | 63,252 | |
| Administration | 11,064 | 11,064 | 6,244 | ||
| Insurance | 7%277 | 7%277 | 7,060 | ||
| Depreciation | 11,669 | ||||
| Obligations & |
subscriptions | 2,701 | 2,701 | 1,348 | |
| StMary's Re-Ordering | 476,921 | 476,921 | 102,886 | ||
| 921,916 | 921,916 | 585,795 | |||
| Support costs | |||||
| Governance | costs | ||||
| Accountancy | and legal fees | 2,469 | 2,469 | 2,412 | |
| Total resources | expended | 924,385 | 924,385 | 588,207 | |
| Net expenditure | (425%567) | (425,567) | (183,535) |