BROADWATER PAROCHtAL cilliRCH COUNCIL
REPORT OF THE TRUSTEF3 AND
VINA]¥CIAL STATEMENTS
FOR THE YEAR EI¥DED 31 DECEMBER 2021
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|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|
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||||||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|
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|||||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|
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|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|
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|||||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|
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|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)|
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||At 1.1.21|Cash flow|At31.12.21|
|---|---|---|---|
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|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|
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|||||||2021|2020|
|---|---|---|---|---|---|---|---|
|||||Unrestricted|Restricted|Total|Total|
|||||funds|funds|funds|funds|
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|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|
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|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|
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|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|
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|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)|
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||||||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)|
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||||||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)|
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|||||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|
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|||||2021|2020|
|---|---|---|---|---|---|
|||Unrestricted|Restricted|Total|Total|
|||funds|funds|funds|funds|
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|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)|