## _**The Parochial Church Council of St Nicholas, Sutton**_
**Sutton Team Ministry** Christ Church St Barnabas St Nicholas
## **St Nicholas Church, Sutton**
_Jesus said ‘I have come that you might have life and have it to the full’ John 10:10_
## www.stnicholas.suttonteam.org.uk
## **ANNUAL REPORT AND ACCOUNTS FOR THE YEAR ENDED 31 DECEMBER 2021**
## **Registered Charity No. 1134049**
## **Priest in charge**
Revd. Frances Arnold
The Rectory 34 Robin Hood Lane Sutton SM1 2RG
**Independent Examiner**
Carol Evans
**Bankers**
Metro Bank
_**The Parochial Church Council of St Nicholas, Sutton**_
# **Annual Report for the Year Ended 31[st] December 2021**
## **Functions of the Parochial Church Council**
St Nicholas Church is a Parish Church situated in central Sutton and is part of the Sutton Team Ministry. It is also part of the Diocese of Southwark within the Church of England. The correspondence address is The Rectory, 34 Robin Hood Lane, Sutton, Surrey, SM1 2RG.
The St Nicholas Parochial Church Council (“PCC”) has the responsibility for co-operating with the Priest in charge to promote the whole mission of the church, pastoral, evangelistic, social and ecumenical. It also has maintenance responsibilities for the church and community Hall of St Nicholas, St Nicholas Way, Sutton. The London Borough of Sutton is responsible for the maintenance of the church grounds. St Nicholas forms part of the Sutton Team Ministry and is part of an ecumenical partnership with Trinity Church and Sutton Baptist Church.
The PCC is a charity registered with the Charity Commission. Those who served as members of the PCC during the year were as follows:
|Revd Frances Arnold|_Priest in charge_|
|---|---|
|Gill Ayres|_from 23 May 2021_|
|Lily Bande|_from 23 May 2021_|
|Paul Butler|_Treasurer from 21 June 2021_|
|Emma Cann|_Safeguarding Officer_|
|Alistair Cruickshank|_Stewardship/Planned Giving Officer_|
||_PCC Rep & Ecumenical Rep until 23 May 2021_|
|Jenny Gilbe|_Deanery Synod Rep until 1 July 2021_|
|John Kerr|_Churchwarden_|
|Pamela Kerr|_Deanery Synod Rep until 1 July 2021_|
||_PCC Secretary until 21 June 2021_|
|Glynis Osborne|_from 23 May 2021, Ecumenical Rep from 14 July 2021_|
|Matthew Phillips||
|Rebecca Phillips|_Treasurer until 21 June 2021_|
|Geoff Rendall|_Churchwarden_|
|Jeff Richards|_Reader & ex officio on PCC until 1 April 2021_|
|Nicki Richards|_Safeguarding Officer_|
|Henry Sawyerr|_until 23 May 2021_|
|Ben Singer|_from 23 May 2021_|
|Patricia Squires|_Deanery Synod Rep from 1 July 2021_|
|Diane Young|_PCC Rep until 23 May 2021_|
||_Deanery Synod Rep from 1 July 2021_|
Rita Anderson was PCC Secretary from June to October 2021, but was not a member of the PCC.
The 2020 APCM was postponed to 2021 in the light of Covid restrictions. The tenure of Churchwardens, Deanery Synod Representatives and PCC members was extended accordingly.
## **Statement of Public Benefit**
The members of the PCC are aware of the Charity Commission guidance on public benefit in ‘The Advancement of Religion for the Public Benefit’ and have had regard to it in their administration of the PCC. The PCC believes that by promoting the work of the Church of England in the parish of St Nicholas, Sutton, Surrey, it provides a benefit to the public by:
- providing facilities for public worship and pastoral care both for its members and for anyone who wishes to benefit from what the Church can offer; and
- by promoting Christian values and service by members of the Church in and to their communities, to the benefit of individuals and society as a whole.
1
_**The Parochial Church Council of St Nicholas, Sutton**_
## **Structure, Governance and Management**
The method of appointment of PCC members is set out in the Church Representation Rules. All Church attendees are encouraged to register on the Electoral Roll and stand for election to the PCC.
The PCC have met 9 times during the year, the first meeting taking place in January. Most subsequent meetings were held by zoom, due to the coronavirus pandemic, with decisions approved by email.
In person meetings were held in October and November, but the planned December meeting was cancelled in line with the current guidance on the pandemic. It was sometimes necessary to make decisions by email.
Apart from its routine business, major items of business included
- agreeing plans for re-opening the Church (closed from Christmas Eve 2020) at its meeting on 23 March and gradually re-introducing singing, as agreed at its meeting on 2 August
- developing Risk Assessments for premises, activities (including children’s activities) and events, in the light of the pandemic and current guidance
- receiving the Financial Report and Accounts for 2020 at its meeting on 10 May
- approving the hiring agreement for the Elim Full Gospel Chinese Community Church at its meeting on 14 July
- plans to develop the sites adjacent to and opposite the Church (Beech Tree Place and St Nicholas House)
- identifying Covid short-term priorities (Mission Action Planning)
The Archdeacon of Reigate, the Ven Moira Astin, spoke about PCC roles and responsibilities at the second meeting of the newly elected PCC on 14 July
The PCC operates through a number of committees and working groups, which meet between full meetings of the PCC. These committees are set out below:
The membership and functioning of the groups and committees was affected by the pandemic.
## _Standing Committee:_
This is the only committee required by law and at present consists of the Priest in charge, the Wardens, the Treasurer, Matthew Phillips and Nicki Richards. It has power to transact business of the PCC between its meetings, subject to any directions given by the Council. It met on Zoom on 14 November. A planned in person meeting on 12 December was postponed in line with the current guidance on the pandemic.
## _Premises Group:_
The Premises Group’s purpose is to ensure the general maintenance of the premises so that they are fit for purpose, and for exploring the development and use of the church premises so that they will be of benefit to the congregation and the community. It has responsibility for the effective running of the Community Hall as a central resource for the local community.
The Group did not meet in 2021. It was hoped to identify new members.
## _Finance Committee:_
Oversees the general financial dimension of the work of St Nicholas by monitoring income and expenditure, budgeting, maintaining appropriate financial controls and co-ordinating regular reviews of planned giving.
## _Community Hall Working Group_
The CHWG was reconstituted in December 2020 as a temporary group to facilitate preparation of the Elim Church hiring agreement and to look to update other existing contracts. The work of the committee was conducted by email.
## **Safeguarding**
The PCC has complied with the duty under section 5 of the Safeguarding and Clergy Discipline Measure 2016 to have due regard to the House of Bishops guidance on safeguarding children and vulnerable adults. It is in the process of implementing recommendations to ensure that all recruitment is done safely.
2
## _**The Parochial Church Council of St Nicholas, Sutton**_
## **Financial Review**
The year saw a rise in unrestricted funds, which increased from £11,960 to end the year with £30,955. Designated funds decreased, from £35,107 to £22,607. Restricted funds increased, from £1,008,275 to £1,172,420 which included a legacy receipt of £61,005 and a Community Hall increase in value of £100,000. Net assets amounted to £1,225,982 (2020: £1,055,657) which, after deducting the value of the Community Hall of £1,000,000, leaves net disposable assets of £225,982 (2020: £155,657).
Total income increased, from £103,487 in 2020 to £160,221 in 2021. Expenditure decreased from £102,397 to £89,896, resulting in a surplus of £70,325 for the year (2020: surplus of £1,088). Of the total, £6,495 represented an unrestricted surplus and £63,830 a restricted surplus.
Voluntary income, comprising of fundraising, grants, legacies, planned giving and collections, rose during the year from £69,150 to £129,986. This included a legacy, received from the estate of the Late Kathleen Dukelow of £61,005 which has been added to the restricted New Capital Fund. Planned giving rose slightly from £43,410 to £46,025 and cash collections rose from £2,640 to £2,906. Sundry donations fell slightly from £7,717 to £7,462, which included £2,801 in income to the Poor Fund, representing distributions from the Henry Smith Charity of £2,000 and £801 in ancient endowments for the relief of the poor. Tax recovered this year from the Gift Aid scheme and the Gift Aid Small Donations scheme amounted to £11,893 (2020: £11,422).
Community Hall letting income rose to £26,077 (2020: £21,712) which improved as COVID-19 pandemic measures eased. Expenditure amounted to £23,236 which created a small surplus.
Income from clergy fees increased from £1,219 to £1,805. This income is derived from set fees charged by the clergy in carrying out services such as weddings and funerals. The diocese allows clergy expenses incurred in carrying out this activity to be offset against these fees and St Nicholas retains a small proportion of this income. This year, £1,358 was assigned and paid to the diocese.
The Parish Support Fund is a sum paid to the Diocese of Southwark, most of which goes to pay the stipends, housing and pensions of the clergy; it also operates as a pooling system enabling richer parishes to support poorer ones. St Nicholas benefits considerably from the pooling arrangement. The amount paid by St Nicholas in 2021 was £37,000 which is a significant reduction of 12.9% from £42,478 paid in 2020.
## **Unrestricted Funds**
Unrestricted funds are funds which can be used by the PCC for any purpose within its remit. Gifts and donations to these funds are not subject restrictions upon how these funds may be spent _._ These comprise of the Church General Fund and Community Hall Fund.
## **Church General Fund**
This fund is used for the general income and expenditure of the church. These funds are used for the general upkeep of the church, to pay our contribution to the diocesan Parish Support Fund, and to pay for ongoing repairs and administrative costs. In 2021 the Church General Fund received income of £69,643 (2020: £80,027) and incurred expenditure of £65,989 (2020: £76,959). This year £2,500 was transferred into Church Repair Fund and a further £20,000 transferred from the Recovery Fund to part clear the fund’s deficit. Altogether this resulted in an operating surplus of £21,154, which compares with a surplus of £569 in 2020. As a result the deficit balance on this fund, which stood at £41,465 at the end of 2020, has reduced to £20,311.
## **Community Hall Fund**
This fund is used to account for income generated from hall bookings and expenditure on its administration and upkeep. Hall bookings increased in 2021 to £26,077 (2020: £21,712). Hall maintenance, repairs and expenses fell slightly to £23,236 (2020: £24,006), with all essential repairs and maintenance having been carried out. A transfer of £5,000 was made to the Hall Repair Fund and the result was a deficit of £2,159 (2020: £7,294 deficit). The balance in this fund is now £51,266 (2020: £53,425).
## **Designated Funds**
Designated funds are a type of unrestricted fund containing moneys which have been set aside by the PCC for specific purposes. These comprise of the Recovery, Church Repair and Hall Repair Funds.
## **Recovery Fund**
This fund was set up by the PCC to hold £20,000 set aside to be drawn upon until the Church General Fund has been brought into an operating balance. This fund has been drawn down in its entirety in order to reduce the deficit balance in the Church General Fund.
3
## _**The Parochial Church Council of St Nicholas, Sutton**_
## **Church Repair Fund**
This fund was set up in 2015 to hold funds put aside from the Church General Fund to make provision for major repairs to the church building. The need for such repairs occurs at irregular intervals and this fund is designed to make it easier to manage the consequent large fluctuations in expenditure. The intention is to make transfers into the fund every year. In 2021, £2,500 was transferred in. There was no expenditure incurred by this fund in 2020, and as a result has a surplus balance of £9,527.
## **Hall Repair Fund**
This fund was also set up in 2015 for similar reasons to the Church Repair Fund (see above). £5,000 was transferred into the fund in 2021. There was no expenditure from this fund in 2020 and as a result there is now a surplus of £13,080.
## **Restricted Funds**
Other funds maintained by the Church are restricted in that the sums may be spent only on the specific purposes for which they were given.
## **New Capital Fund**
The New Capital Fund is designed to be used for capital projects in the Church. The PCC elected to receive the entirety of the legacy from the Late Kathleen Dukelow into this fund. There were no other transactions during the year, and the fund ended the year with a balance of £162,272.
## **Floodlighting Fund**
The Floodlighting Fund was set up to raise money to pay for the exterior floodlighting of the Church and for repairs to the floodlighting equipment. This fund generated no income during the year and had no costs charged to it, with the result that the fund had a surplus of £409 at the end of the year.
## **Poor Fund**
The Poor Fund receives income from ancient permanent endowments left by people who had a connection with St. Nicholas in the past for the benefit of the poor of the parish and to be distributed at the discretion of the Rector or the Rector and Church Wardens. The assets are held in trust at Lloyds Bank and the income received represents the income generated from the fund’s investments. During the year, the Poor Fund received £2,801 in income and incurred £50 in expenditure which resulted in a surplus of £2,751. The fund finished the year with a balance of £3,352.
## **Church Toilet Fund**
The Church Toilet Fund was set up in 2001 from a grant from the Wates Foundation. There were no transactions on this fund in 2020 and it again closed the year with a balance of £5,768.
## **Missions Fund**
The Church Missions fund is used to receive cash donations from the congregation to be distributed to specific charities selected monthly by the PCC, and to make occasional donations determined by the PCC. A total of £695 was raised and £621 was distributed to various charitable causes during the year. The fund finished the year with a deficit balance of £619.
## **Next year**
The Church’s immediate priority is to maintain a financial balance within its unrestricted General and Community Hall Funds and a balanced budget has been set for the year ahead. Community Hall rental charges have now reverted to pre-pandemic levels and this income is expected to increase significantly. Repairs will be made to the Church fabric financed from the New Capital Funds.
## **Reserves Policy**
It is the PCC’s policy to maintain a balance on unrestricted and designated funds at an appropriate level in order to cover emergency situations that may arise from time to time. The year end balance of £53,562 (2020: £47,068) represents 31 weeks cover of unrestricted and designated expenditure (2020: 18 weeks).
## **Investment Policy**
It is our policy to invest our funds balances with the CBF Church of England Deposit Fund.
4
## _**The Parochial Church Council of St Nicholas, Sutton**_
## **Independent Examiner’s Report on the Unaudited Financial Statements of the Parochial Church Council (PCC) of St. Nicholas Church, Sutton.**
I report on the financial statements for the year ended 31 December 2021 set out on pages 6 to 13.
## **Respective responsibilities of the Trustees and Independent Examiner**
As trustees of the charity, the members of the PCC are responsible for the preparation of the accounts. They consider that an audit is not required for this year under section 144(2) of the Charities Act 2011 (the 2011 Act) and that an independent examination is needed .
## It is my responsibility to:
- examine the accounts under section 145 of the 2011 Act;
- follow the procedures laid down in the General Directions given by the Charity Commissioners section 145(5)(b) of the 2011 Act; and
- state whether particular matters have come to my attention.
## **Basis of Independent Examiner's Statement**
My examination was carried out in accordance with the General Directions given by the Charity Commission.
An examination includes a review of the accounting records kept by the charity and a comparison of the accounts presented with those records. It also includes consideration of any unusual items or disclosures in the accounts, and seeking explanations from the management committee concerning any such matters. The procedures undertaken do not provide all the evidence that would be required in a full audit, and consequently I do not express an audit opinion on the accounts.
## **Independent Examiner's Statement**
In connection with my examination, no matters have come to my attention
1. which give me reasonable cause to believe that in any material respect the requirements
- to keep accounting records in accordance with s.130 of the 2011 Act; or
- to prepare accounts which accord with these accounting records have not been met; or
2. to which, in my opinion, attention should be drawn in order to enable a proper understanding of the accounts
- to be reached.
## **C.A. Evans**
## Dated: **27 April 2022**
Chartered Accountant Springroyd ClaphamRoad Austwick Lancaster LA2 8BE
5
_**The Parochial Church Council of St Nicholas, Sutton**_
## _**Statement of Financial Activities**_
## _**For the Year Ended 31st December 2021**_
|**Unrestricted**
**Funds**
**Note**
**£**
**Incoming resources**
2
Voluntary income
65,485
Activities for generating funds
30,194
Investment income
41
Total Incoming Resources
95,720
**Resources expended**
3
Expenditure on charitable objectives
-
Church Activities
89,225
Total resources expended
89,225
**Net incoming (outgoing) resources**
**6,495**
Transfers between funds
12,500
Gains on revaluation of fixed assets
4|**Unrestricted**
**Funds**
**Note**
**£**
**Incoming resources**
2
Voluntary income
65,485
Activities for generating funds
30,194
Investment income
41
Total Incoming Resources
95,720
**Resources expended**
3
Expenditure on charitable objectives
-
Church Activities
89,225
Total resources expended
89,225
**Net incoming (outgoing) resources**
**6,495**
Transfers between funds
12,500
Gains on revaluation of fixed assets
4|**Designated**
**Funds**
**£**
-
-
-
-
**-**
(12,500)|**Restricted**
**Funds**
**£**
64,501
-
-
64,501
621
50
671
**63,830**
-
100,000|**Total Funds**
**2021**
**£**
129,986
30,194
41
160,221
621
89,275
89,896
**70,325**
**-**
**100,000**|_Total Funds_
_2020_
**£**
_69,150_
_34,024_
_313_|
|---|---|---|---|---|---|
||||||_103,487_|
||||||_1,232_
_101,165_|
||||||_102,397_|
||||||_1,088_
_-_
_-_|
|Fund Balances B/Fwd
**FUND BALANCES C/FWD**|11,960
**30,955**|35,107
**22,607**|1,008,590
**1,172,420**|1,055,657
**1,225,982**|_1,054,569_|
||||||_1,055,657_|
6
_**The Parochial Church Council of St Nicholas, Sutton**_
## _**Balance Sheet**_
_**For the Year Ended 31st December 2021**_
|**Note**
**Fixed Assets**
Tangible fixed assets
4
**Current Assets**
Debtors
Tax due on gift aid
Short term deposits
Cash at bank & in hand
**Creditors; Amounts Falling Due**
**Within One Year**
Sundry creditors and accruals
**Net Current Assets**
**Creditors; Amounts Falling Due**
**in more than one Year**
**NET ASSETS**
**Represented by;**
Unrestricted funds
5
Designated funds
5
Restricted funds
5
**TOTAL FUNDS**|**2021**
**_2020_**
**£**
**£**
**_£_**
**_£_**
1,000,000
_900,000_
251
0
3,000
_2,817_
96,873
_96,832_
127,530
_56,611_
227,653
156,260
(1,671)
_(603)_
225,982
155,657
-
_-_
**1,225,982**
**_1,055,657_**
30,955
_11,960_
22,607
_35,107_
1,172,420
_1,008,590_
**1,225,982**
**_1,055,657_**|**2021**
**_2020_**
**£**
**£**
**_£_**
**_£_**
1,000,000
_900,000_
251
0
3,000
_2,817_
96,873
_96,832_
127,530
_56,611_
227,653
156,260
(1,671)
_(603)_
225,982
155,657
-
_-_
**1,225,982**
**_1,055,657_**
30,955
_11,960_
22,607
_35,107_
1,172,420
_1,008,590_
**1,225,982**
**_1,055,657_**|
|---|---|---|
||227,653
(1,671)||
||||
|||**_1,055,657_**
_11,960_
_35,107_
_1,008,590_|
|||**_1,055,657_**|
_Approved by the Parochial Church Council and signed on its behalf :_
.......................................................... _Chair_
.......................................................... _Churchwarden_
.................................................... Date
7
_**The Parochial Church Council of St Nicholas, Sutton**_
## **1. Accounting Policies**
The financial statements have been prepared in accordance with the Church Accounting Regulations 2006 together with applicable accounting standards and the Charities SORP 2015
The financial statements have been prepared under the historical cost convention except for the valuation of fixed assets (the Community Hall) which is shown at the market value. The financial statements include all transactions, assets and liabilities for which the PCC is responsible in law. They do not include the accounts of church groups that owe their main affiliation to another body, nor those that are informal gatherings of church members.
## **Funds**
_Restricted funds_ represent donations and grants received for a specific object or invited by the PCC for a specific object. The funds may only be expended on the specific object for which they were given. Any balance remaining unspent at the end of the year must be carried forward as a balance on that fund.
_Unrestricted Funds_ are funds which can be used by the PCC for any purpose within its remit. _Designated Funds_ are a type of unrestricted fund containing moneys which have been set aside by the PCC for specific purposes.
## **Incoming Resources**
Planned giving, collections and donations are recognised when received. Tax refunds are recognised when the incoming resource to which they relate is received. Grants and legacies are accounted for when the PCC is legally entitled to the amounts due. Interest is accrued. All other income is recognised when it is receivable. All incoming resources are accounted for gross.
## **Resources Expended**
Grants and donations are accounted for when paid over, or when awarded, if that award creates a binding or constructive obligation on the PCC. The parish support fund pledge is accounted for when due. Amounts received specifically for mission are dealt with as restricted funds. All other expenditure is generally recognised when it is incurred and is accounted for gross.
## **Fixed Assets**
Consecrated and benefice property is not included in the accounts in accordance with s.96(2)(a) of the Charities Act 1993.
Movable church furnishings and fittings require a faculty for disposal and are inalienable property. These items are listed in the Church’s inventory and may be inspected at any reasonable time.
It is the policy of PCC to capitalise assets with a cost of over £1,000 per item. Depreciation is set on a straight-line basis over a period of five years.
Freehold land and buildings are valued by the PCC at least every five years by a chartered surveyor.
Investments are valued at market value at the Balance Sheet date
8
_**The Parochial Church Council of St Nicholas, Sutton**_
## **Notes to the Financial Statements for the Year Ended**
## **31st December 2021** _**(Continued)**_
## **2. Incoming Resources**
|**Voluntary income**
Planned giving
Cash collections
Sundry donations
Receipts for Charities & Missions
Capital fundraising income
Floodlighting donations
Grants
Legacies
Tax recoverable
**Activities for Generating Funds**
Bookstall
Catering
Hall lettings
Clergy fees
Administration costs recovered
Miscellaneous activities
**Investment income**
Interest receivable
**TOTAL INCOMING RESOURCES**|**Unrestricted**
**Designated**
**Restricted**
**Total Funds** **_Total Funds_**
**Funds**
**Funds**
**Funds**
**2021**
**_2020_**
**£**
**£**
**£**
**£**
**_£_**
46,025
46,025
_43,410_
2,906
2,906
_2,640_
4,661
-
2,801
7,462
_7,717_
695
695
_961_
-
-
_-_
-
-
_-_
-
-
_-_
-
61,005
61,005
_3,000_
11,893
-
11,893
_11,422_|
|---|---|
||65,485
-
64,501
129,986
_69,150_|
||-
-
_134_
220
220
_-_
26,077
26,077
_21,712_
1,805
1,805
_1,219_
-
-
_607_
2,092
2,092
_10,352_|
||30,194
-
-
30,194
_34,024_|
||41
-
41
_313_|
||41
-
-
41
_313_|
|||
||95,720
-
64,501
160,221
_103,487_|
9
_**The Parochial Church Council of St Nicholas, Sutton**_
## **Notes to the Financial Statements for the Year Ended**
## **31st December 2021** _**(Continued)**_
|**3. **|**Resources Expended**||||||
|---|---|---|---|---|---|---|
|||**Unrestricted**|**Designated**|**Restricted **|**Total Funds**|**_Total Funds_**|
|||**Funds**|**Funds**|**Funds**|**2021**|**_2020_**|
|||**£**|**£**|**£**|**£**|**_£_**|
||**Expenditure on charitable objectives**||||||
||Mission and charitable giving|-||621|621|_1,232_|
|||-|-|621|621|_1,232_|
||**Church Activities Expenditure**||||||
||Diocesan Parish Support Fund|37,000|||37,000|_42,478_|
||Clergy fees assigned to diocese|1,358|||1,358|_888_|
||Clergy & pastoral expenses|1,165|||1,165|_1,289_|
||Church cleaning & maintenance|5,955||-|5,955|_10,184_|
||Church heat, light & insurance|7,059|||7,059|_7,905_|
||Church toilet|||-|-|_-_|
||Church administration|11,216|||11,216|_11,272_|
||Church sound system|-|||-|_-_|
||Church floodlighting|||-|-|_-_|
||Church music|1,025|||1,025|_805_|
||Church sanctuary|278|||278|_474_|
||Church bookstall|-|||-|_93_|
||Church Sunday School|-|||-|_-_|
||Catering & social events|29|||29|_128_|
||Training|-|||-|_-_|
||Hall maintenance|1,422|||1,422|_895_|
||Hall repairs|231|||231|_803_|
||Hall expenses|21,582|||21,582|_22,308_|
||Other support costs|105|-||105|_843_|
||Poor fund donations|||50|50|_200_|
||Audit fees|800|||800|_600_|
|||89,225|-|50|89,275|_101,165_|
||||||||
||**TOTAL RESOURCES EXPENDED**|89,225|-|671|89,896|102,397|
||||||||
10
_**The Parochial Church Council of St Nicholas, Sutton**_
**Notes to the Financial Statements for the Year Ended 31st December 2021** _**(Continued)**_
## **4. Tangible Fixed Assets**
|**Cost**
1st January 2020
Additions
Revaluation
31st December 2020
**Depreciation**
31st December 2020
**Net Book Value**
31st December 2020
_31st December 2019_|**Freehold**
**Land &**
**Buildings**
**£**
900,000
-
100,000
1,000,000
-
1,000,000
_900,000_|**Church Hall**
**Equipment**
**TOTAL**
**£**
**£**
3,432
903,432
-
-
-
100,000
3,432
1,003,432
3,432
3,432
-
1,000,000
_-_
_900,000_|
|---|---|---|
Freehold land and buildings consists of the Church Community Hall. This asset is accounted for within a separate restricted Hall Property Fund (note 5) and has been revalued at a replacement value of £1,000,000 as at 31st December 2021.
11
## _**The Parochial Church Council of St Nicholas, Sutton**_
## **Notes to the Financial Statements for the Year Ended**
**31st December 2021** _**(Continued)**_
## **5. Fund Details**
|**Unrestricted Funds**
General Church Fund
Community Hall Fund
**TOTAL**
**Designated Funds**
Recovery Fund
Church Repair Fund
Hall Repair Fund
**TOTAL**
**Restricted Funds**
Hall Property Fund
New Capital Fund
Floodlighting Fund
Mission Fund
Church Toilet Fund
Poor Fund
**TOTAL**
**TOTAL FUNDS**|**2021**
**_2020_**
**£**
**_£_**
(20,311)
_(41,465)_
51,266
_53,425_
**30,955**
**_11,960_**
-
_20,000_
9,527
_7,027_
13,080
_8,080_
**22,607**
**_35,107_**
1,000,000
_900,000_
162,272
_101,267_
409
_409_
619
_545_
5,768
_5,768_
3,352
_601_
**1,172,420**
**_1,008,590_**
**1,225,982**
**1,055,657**|
|---|---|
12
_**The Parochial Church Council of St Nicholas, Sutton**_
## **Notes to the Financial Statements for the Year Ended 31st December 2021** _**(Continued)**_
## **6 Funds Movements**
|**Unrestricted Funds**
General Church Fund
Community Hall Fund
**TOTAL**
**Designated Funds**
Recovery Fund
Church Repair Fund
Hall Repair Fund
**TOTAL**
**Restricted Funds**
Hall Property Fund
New Capital Fund
Floodlighting Fund
Missions Fund
Church Toilet Fund
Poor Fund
**TOTAL**
**TOTAL FUNDS**|**Balance 1st**
**January 2021**
**Incoming**
**Resources**
**Resources**
**Expended**
**Gains on**
**revaluation**
**of fixed asset**
**Transfers**
**Between**
**Funds**
**Balance**
**31st**
**December**
**2021**
(41,465)
69,643
65,989
-
17,500
(20,311)
53,425
26,077
23,236
-
(5,000)
51,266|
|---|---|
||11,960
95,720
89,225
-
12,500
30,955|
||20,000
-
-
(20,000)
-
7,027
-
-
2,500
9,527
8,080
-
-
5,000
13,080|
||35,107
-
-
-
(12,500)
22,607|
||900,000
-
-
100,000
- 1,000,000
101,267
61,005
-
-
-
162,272
409
-
-
-
-
409
545
695
621
-
-
619
5,768
-
-
-
-
5,768
601
2,801
50
-
-
3,352|
||1,008,590
64,501
671
100,000
-1,172,420|
|||
||**1,055,657**
**160,221**
**89,896**
**100,000**
**- 1,225,982**|
## **7 Analysis of Net Assets**
|Tangible Fixed Assets
Current Assets
Creditors; amounts falling due within one year
**Net Assets**|**Unrestricted**
**Funds**
**Designated**
**Funds**
**Restricted**
**Funds**
**Total 2021**
1,000,000
1,000,000
32,626
22,607
172,420
227,653
(1,671)
-
(1,671)|
|---|---|
||**30,955**
**22,607**
**1,172,420**
**1,225,982**|
13